- COREDividend Growth
- Large Cap Focus
- GROWTHGilead
- Healthcare & Life Sciences
- Exponential Technologies
- BALANCEDBalanced Fund
- BONDSLimited-Term Bond
- Core Bond
Ticker
ETIDX
$19.05 ▲ 0.79% 12/24/2024
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$19.05 ▲ 0.79% 12/24/2024
About the Fund
- Diversified equity fund representing our approach to dividend paying stocks
- Seeks attractive dividend growth, plus capital appreciation
- The Fund's secondary objective is dividend income
Annualized Returns
| 1-Year | 33.83% |
| 5-Year | 14.19% |
| 10-Year | — |
| Since Inception | 11.81% |
Morningstar
| ★★★★★ |
US Fund Mid-Cap Blend |
Effective 11/01/2024, the Fund's name changed from the Eventide Dividend Opportunities Fund to the Eventide Dividend Growth Fund. Also effective 11/01/2024, the investment objectives of the Fund became dividend growth and long-term capital appreciation. The Fund's secondary objective became dividend income and, under normal circumstances, at least 80% of the Fund's net assets (plus the amount of borrowings for investment purposes) is invested in the securities of companies that Eventide Asset Management, LLC believes have the ability to increase dividends over the long term. These clarifications are designed to help investors understand that the Fund places a greater emphasis on cash flow generation and dividend growth as opposed to absolute dividend yield or dividend income alone.
Morningstar overall star rating is as of 09/30/2024 for the Fund's Class I shares compared to 402 funds in the US Fund Mid-Cap Blend 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 1595 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 1.03%, Net Expenses 0.95%. 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 dividend growth and long-term capital appreciation with a secondary objective of dividend income.
About the Fund
A diversified equity fund representing our approach to dividend paying stocks.
Fund Distinctives
Quality Investment Approach
Invests in companies that we believe will achieve attractive long-term capital appreciation, income for our clients, and positive impact on the world.Dividend Growth Focused
Seeks to invest in companies that pay attractive dividends, demonstrate the ability to grow dividends in the future, and offer long-term capital appreciation potential.Defensive
Investing in companies whose future is tied to their own ability to create value, rather than to macroeconomic and industry performance.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.
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Performance and Risk
Trailing Returns (%) As of the quarter ending 09/30/2024
Eventide Dividend Growth Fund As of 12/24/2024.
YTD3-month 1-year 3-year 5-year 10-year Since Inception Inception Date Class I 18.63% 9.49 33.83 8.42 14.19 - 11.81 09/29/2017 Class A without load 18.30% 9.43 33.54 8.18 13.95 - 11.55 09/29/2017 Class A with 5.75% load 11.52% 3.15 25.85 6.06 12.60 - 10.61 09/29/2017 Class C 17.41% 9.19 32.48 7.33 13.03 - 10.70 09/29/2017 Class N 18.34% 9.44 33.52 8.18 13.96 - 11.58 09/29/2017 Benchmarks Bloomberg US Mid Cap Index 16.49% 9.16 28.81 6.23 11.95 - 10.96 09/29/2017 Russell Midcap Total Return Index 17.45% 9.21 29.33 5.75 11.30 - 10.47 09/29/2017
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 Dividend Growth I 19.10 16.56 0.95 0.80 2.23 2.25 92.23 88.06 Bloomberg US Mid Cap Index 19.37 19.42 1.00 1.00 - - 100.00 100.00 Russell Midcap Total Return Index 19.65 19.53 1.01 1.00 -0.45 -0.46 99.78 99.82
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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.
Andrew Singer, CFA serves as Co-Portfolio Manager for the Eventide Dividend Growth Fund and Eventide Large Cap Focus Fund, and Senior Research Analyst for other Eventide funds. Mr. Singer has over 25 years of investment experience. Prior to joining the Adviser, Mr. Singer was an Investment Analyst for Manulife (John Hancock) Asset Management from 2014 to 2016; Research Analyst for Cramer Rosenthal McGlynn from 2009- 2013; Equity Analyst for BlackRock from 2006- 2009; Equity Analyst for Evergreen Investments from 2004-2006; and Equity Research Associate for Credit Suisse First Boston from 1997-2002. He has a bachelor's degree in Quantitative Economics from Tufts University and an MBA from Babson College. He holds the Chartered Financial Analyst designation and is a member of the CFA Society Boston and CFA Institute.
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Literature
