Eventide Funds are a product of   Eventide Asset Management   Leaving Eventide Product Page

Ticker

ETIRX

$8.15 12/24/2024

Nav

$8.15 12/24/2024

About the Fund

  • At least 80% of net assets in bonds
  • Invests across industry sectors and market capitalizations
  • Seeks total return consistent with income generation

Annualized Returns

1-Year11.08%
5-Year—
10-Year—
Since Inception-1.86%

Morningstar

★★

US Fund Intermediate Core Bond

Fact Sheet Prospectus

The Eventide Core Bond Fund Launched on 07/31/2020

Morningstar overall star rating is as of 09/30/2024 for the Fund's Class I shares compared to 414 funds in the US Fund Intermediate Core Bond 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 3856 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 0.81%, Net Expenses 0.58%. 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.

  • Overview

    Overview

    Fund Objective

    Seeks total return consistent with income generation

    About the Fund

    The fund seeks to invest at least 80% net assets in bonds.

    Fund Distinctives

    Intermediate Duration
    Invests across industry sectors and market capitalizations with at least 80 percent of securities in bonds with an expected weighted average duration between three and nine years.

    Income Focused
    Seeks to invest in bonds and other securities that offer positive yield advantage, discounted price, and improving credit profile.

    Creating a Better World
    Focused on identifying and investing in companies capable of sustaining profitability and growth 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.

  • Performance and Risk

    Trailing Returns (%) As of the quarter ending 09/30/2024

    Eventide Core Bond Fund
    As of 12/24/2024.

    YTD    		3-month1-year3-year5-year10-yearSince InceptionInception Date
    Class I1.27%4.9411.08-1.78---1.8607/31/2020
    Class A without load0.98%4.8510.93-2.05---2.0807/31/2020
    Class A with 5.75% load-4.85%-1.234.54-3.97---3.4607/31/2020
    Class C0.27%4.7210.06-2.74---2.8007/31/2020
    Class N1.12%4.8910.87-2.01---2.0607/31/2020
    Benchmark        
    Bloomberg U.S. Aggregate Bond Index1.06%5.2011.57-1.39---1.4207/31/2020


    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 DeviationBetaAlpha(%)R-Squared(%)
    3-yrInception3-yrInception3-yrInception3-yrInception
    Eventide Core Bond I7.346.430.950.96-0.66-0.6398.5098.02
    Bloomberg U.S. Aggregate Bond Index7.636.621.001.00--100.00100.00
  • Portfolio
  • Investment Team
    image of Chris Grogan

    Chris Grogan, CFA  serves as Director of Investment Consulting for Eventide and lead Portfolio Manager for the Eventide Limited-Term Bond Fund and Eventide Core Bond Fund. Mr. Grogan has over 10 years of investment experience. Prior to joining Eventide in 2019, Mr. Grogan was an Associate Portfolio Manager with Boston Advisors, LLC. Before that, he was a Financial Planning Analyst with Raymond James. Mr. Grogan has a dual B.A. in Economics and Finance from Gordon College. He holds the Chartered Financial Analyst designation and is a member of the CFA Society Boston and CFA Institute.

    image of David Dirk

    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.

  • Literature

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. Investors in the Fund should be aware that interest rates may change at any time based on government policy. In general, the price of a fixed income security falls when interest rates rise. Longer term securities may be more sensitive to changes in interest rates. A rise in interest rates may result in volatility and increased redemptions, which in turn could result in the Fund being forced to liquidate portfolio securities at disadvantageous prices. Interest rates are sensitive to changes in inflation, and investing in bonds exposes investors to inflation risk. Bonds may be subject to default, causing loss of invested capital. Fixed income investments may be of any maturity or credit quality, but the Fund’s weighted average effective portfolio duration will be between three years and nine years. The Fund may invest, directly or indirectly, in “junk bonds.” Such securities are speculative investments that carry greater risks than higher quality debt securities. The Fund can invest in smaller-sized companies which may experience higher failure rates than larger companies and normally have a lower trading volume than larger companies. There are unique risks associated with asset backed securities, convertible securities, credit, duration, extension, foreign securities, income, LIBOR, mortgage back securities, municipal bonds, preferred stocks, pre-payment, securities, sovereign debt, and U.S. Agency securities that are covered in the Fund’s prospectus and SAI. The Fund has no history of operations prior to its inception date.

This information is for use with concurrent or prior delivery of a fund prospectus, which can be obtained at https://www. eventidefunds.com/prospectus or by calling 1-877-771-EVEN (3836). Investors should consider a fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. Eventide Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with Eventide Asset Management, LLC

Eventide 1130-1521 - 12/26/2024 09:22am