- COREDividend Growth
- Large Cap Focus
- GROWTHGilead
- Healthcare & Life Sciences
- Exponential Technologies
- BALANCEDBalanced Fund
- BONDSLimited-Term Bond
- Core Bond
Ticker
ETIMX
$14.33 ▲ 0.42% 12/24/2024
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$14.33 ▲ 0.42% 12/24/2024
About the Fund
- Diversified mutual fund representing our approach to current income, income growth, and long-term capital appreciation.
- Seeks attractive current income, plus capital appreciation
- Balanced approach between fixed income and equity income securities
Annualized Returns
| 1-Year | 22.11% |
| 5-Year | 8.69% |
| 10-Year | — |
| Since Inception | 7.56% |
Morningstar
| ★★★★ |
US Fund Moderate Allocation |
Effective 11/01/2023, the Fund’s name changed from the "Eventide Multi-Asset Income Fund." Also effective 11/01/2023, the Fund has adopted a policy to invest at least 25% of its assets in equity securities and at least 25% of its assets in fixed income securities. These clarifications are designed to help investors evaluate the Fund for purposes of investment planning, and there is no change to the Fund’s management of investment strategies or objectives.
Morningstar overall star rating is as of 09/30/2024 for the Fund's Class I shares compared to 682 funds in the US Fund Moderate Allocation category. The overall ranking is derived from a weighted average of performance associated with its 3-year, 5-year and 10-year (where applicable) Morningstar Rating metrics. The Morningstar globe ranking is as of 08/31/2024 compared to the sustainability ratings of 5840 funds in its category. Performance is historical and does not guarantee future results. Investment return and principal value will fluctuate with changing market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the data quoted. Fund expenses: Class I, Gross Expenses 0.90%, Net Expenses 0.82%. The adviser has contractually agreed to waive fees and/or reimburse expenses of the Fund through 10/31/2024. The agreement may be terminated by the Fund’s Board of Trustees only on 60 days’ written notice.
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Overview
Overview
Fund Objective
Seeks to provide current income while maintaining the potential for capital appreciation.
About the Fund
A diversified mutual fund representing our approach to current income, income growth, and long-term capital appreciation.
Fund Distinctives
A Meaningfully Balanced Approach to Income
Growth and income balanced between equity and fixed income with a focus on total return.Tactically Allocating to Asset Classes Favored in the Forward Environment
Dedicated to a balanced strategy between growth equity income (at least 25%) and fixed income (at least 25%) with a bottom-up quality investing and secular theme focus seeking to achieve consistent returns and lower volatility than the markets.Creating Compelling Value for Society and the Global Common Good
Focused on identifying and investing in companies capable of increasing profitability, growth, and income distribution by serving well the needs of customers, employees, suppliers, communities, the environment, and society broadly.
There is no guarantee that the Adviser’s approach will produce the desired results. All investments involve risk, including the possible loss of principal. Portfolio Composition is subject to change at any time, and should not be considered investment advice.
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Performance and Risk
Trailing Returns (%) As of the quarter ending 09/30/2024
Eventide Balanced Fund As of 12/24/2024.
YTD3-month 1-year 3-year 5-year 10-year Since Inception Inception Date Class I 10.69% 6.95 22.11 4.76 8.69 - 7.56 07/15/2015 Class A without load 10.42% 6.95 21.86 4.51 8.48 - 7.32 07/15/2015 Class A with 5.75% load 4.03% 0.81 14.83 2.46 7.21 - 6.64 07/15/2015 Class C 9.60% 6.73 21.00 3.72 7.62 - 6.50 07/15/2015 Class N 10.48% 6.90 21.86 4.55 8.49 - 7.35 07/15/2015 Benchmarks and Components Bloomberg Mid Cap/Intermediate US Aggregate 50/50 TR Index 9.32% 6.87 19.47 3.24 6.74 - 6.41 07/15/2015 Bloomberg US Mid Cap Index 16.49% 9.16 28.81 6.23 11.95 - 10.50 07/15/2015 Bloomberg U.S. Intermediate Aggregate Bond Index 2.19% 4.59 10.39 -0.30 0.85 - 1.73 07/15/2015
Performance is historical and does not guarantee future results. Investment return and principal value will fluctuate with changing market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the data quoted. Investors cannot directly invest in an index, and unmanaged index returns do not reflect any fees, expenses, or sales charges. The volatility of an index may be materially different than that of the Fund, and investors should not expect the Fund to achieve the same results as a listed index. This material must be read along with the Fund's prospectus, which may be obtained at eventidefunds.com/prospectus. Performance data current to the most recent month-end may be obtained by calling 1-877-771-EVEN (3836).
Market Risk AS OF 09/30/2024
Standard Deviation Beta Alpha(%) R-Squared(%) 3-yr Inception 3-yr Inception 3-yr Inception 3-yr Inception Eventide Balanced I 11.82 9.64 0.97 0.94 1.47 1.45 94.25 89.17 Bloomberg Mid Cap/Intermediate US Aggregate 50/50 TR Index 11.86 9.72 1.00 1.00 - - 100.00 100.00
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Portfolio
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Investment Team
Dolores Bamford, CFA serves as Co-Chief Investment Officer and Senior Portfolio Manager for Eventide. She is the lead Portfolio Manager for the Eventide High Dividend ETF, Eventide Dividend Growth Fund and Eventide Balanced Fund, and Co-Portfolio Manager for the Eventide Large Cap Focus Fund. Ms. Bamford has over 30 years of investment experience. Prior to joining Eventide in 2019, Ms. Bamford was with Goldman Sachs Asset Management for 13 years (2002-2015), most recently as Managing Director and Portfolio Manager on U.S. Value Equity. She also led Goldman Sachs' U.S. Responsible Equity investments and co-led the Global Sustain Equity investments. Previously, Ms. Bamford was with Putnam Investments for 10 years (1992-2002). Before that, she was with Fidelity Investments (1988-1990), where she served in investment research. Ms. Bamford holds an SM in Management from the MIT Sloan School of Management, a dual-MA in Theology and Church History from Gordon-Conwell Theological Seminary, and a BA in Economics from Wellesley College. She holds the Chartered Financial Analyst designation and is a member of the CFA Society Boston and CFA Institute.
David Dirk, CFA serves as Portfolio Manager for assets allocated to the Fund’s Fixed Income Sub-Adviser, Boyd Watterson Asset Management, LLC. Mr. Dirk is Director of Portfolio Management and Trading at Boyd Watterson and has been responsible for directing the firm’s Portfolio Management and Trading activity since 2011. This includes the implementation, execution and evaluation of all strategies across Boyd Watterson’s suite of fixed income products. Mr. Dirk joined Duff & Phelps, predecessor to Boyd Watterson Asset Management, in 1996. Mr. Dirk holds a CFA charter from CFA Institute, an MBA from Case Western Reserve University, and a BA from Baldwin-Wallace University. He is also a member of the CFA society.
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Literature
