Eventide Gilead Fund Named One of the 2019 Best Mutual Funds by Investor’s Business Daily
Boston, MA – The Eventide Gilead Fund (NASDAQ: ETGLX) was named one of the 2019 Best Mutual Funds by the investment publication Investor’s Business Daily. The annual award list recognizes the funds in each equity category that have outperformed the S&P 500 Total Return Index in each of the 1-, 3-, 5-, and 10-year periods as of the prior year-end. The Eventide Gilead Fund was one of 108 funds to achieve this result in the Growth Stock Funds category out of 439 funds, one of 111 funds to achieve this result in the U.S. Diversified Equity Funds category out of 1076 funds, and one of 10 funds to achieve this result in the Midcap Funds category out of 210 funds. For award consideration, funds were required to have at least $100 million in assets under management.
The Eventide Funds are managed by Eventide Asset Management, LLC, a Boston-based registered investment adviser practicing investing that makes the world rejoice.®
Registration of an investment adviser does not imply a certain level of skill or training.
Investor’s Business Daily is a U.S.-based newspaper and website covering the stock market, international business, finance and economics.
This press releaseis not intended to constitute investment advice. Rather, you should use the list for informational purposes only. Past performance is no guarantee of future results.
The award list compared Fund performance against the S&P 500 Total Return Index. The Eventide Gilead Fund’s benchmarks are the Russell Midcap Growth Total Return Index and the S&P 500 Total Return Index.
The S&P 500 is an index created by Standard & Poor’s of American stocks with the largest market capitalization. The Russell Midcap Growth Index measures the performance of the U.S. equity mid-cap growth segment. It includes mid-cap companies with higher price-to-book ratios and forecasted growth. Neither index is an investment product available for purchase. The volatility of the indices may be materially different than that of the Fund, and investors should not expect the Fund to achieve the same results as the indices listed.
The award list pertained to the Fund’s Class N shares (NASDAQ: ETGLX). The Fund offers other share classes: NASDAQ: ETAGX, NASDAQ: ETCGX, and NASDAQ: ETILX.
Eventide uses its trademark (“Investing that makes the world rejoice®”) in a figurative manner to help explain its focus on serving investors by helping to improve the world.
Mutual Funds involve risk including the possible loss of principal. Past performance does not guarantee future results.
The Fund’s ethical values screening criteria could cause it to under-perform similar funds that do not have such screening criteria. The Fund can have risk related to option investing. There are special risks associated with investments in foreign companies including exposure to currency fluctuations, less efficient trading markets, political instability and differing auditing and legal standards.
The Eventide Gilead Fund can invest in smaller-sized companies which may experience higher failure rates than larger companies and they normally have a lower trading volume than larger companies. The Fund can also have risk associated with the biotechnology and pharmaceutical industry in which these companies may be heavily dependent on clinical trials with uncertain outcomes and decisions made by the U.S. Food and Drug Administration. The Fund can invest in private companies. Private investments include various risks including but not limited to lack of liquidity, capital commitment risk, and valuation risk. Private companies may not be financially profitable and have uncertain futures, subjecting them to additional risks. Investors should be aware that companies in the technology industries have different risks including but not limited to products becoming obsolete, and entrance of competing products. Companies in the Industrial Sector also carry various risks including, but not limited to, risk related to debt loads and intense competition.
An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information can be found in the prospectus, which can be obtained at www.eventidefunds.com or by calling 1-877-771-EVEN (3836). Please read the prospectus carefully before investing. Eventide mutual funds are distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with Eventide Asset Management, LLC.
Director of Marketing
877-771-EVEN (3836), x56