- COREDividend Growth
- Large Cap Focus
- GROWTHGilead
- Healthcare & Life Sciences
- Exponential Technologies
- BALANCEDBalanced Fund
- BONDSLimited-Term Bond
- Core Bond
Ticker
ETIHX
$33.73 ▲ 0.27% 12/24/2024
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$33.73 ▲ 0.27% 12/24/2024
About the Fund
- Diversified, focused on healthcare, life sciences
- Investments concentrated in drug-related industries
- May invest in illiquid securities
Annualized Returns
1-Year | 9.52% |
5-Year | 8.04% |
10-Year | 10.75% |
Since Inception | 14.13% |
Morningstar overall star rating is as of 09/30/2024 for the Fund's Class I shares compared to 158 funds in the US Fund Health 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 602 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 1.31%, Net Expenses 1.31%.
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Overview
Overview
Fund Objective
Seeks to provide long-term capital appreciation.
About the Fund
A diversified mutual fund seeking long-term capital appreciation in the healthcare and life sciences sectors (≥80%). Concentrates investments in the drug-related industries (≥25%). May invest in illiquid securities (≤15%).
Fund Distinctives
Focused on Early Development-Stage Companies
Median market capitalization of $2.2 billion as of 09/30/2024.Creating Compelling Value for Patients and Society
Targeting large unmet medical needs, rare and orphan diseases.Access to Unique Offerings
Investing in IPOs, mezzanine financing offerings, and up to 15% in private investments.
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 Healthcare & Life Sciences Fund As of 12/24/2024.
YTD3-month 1-year 3-year 5-year 10-year Since Inception Inception Date Class I -8.86% 7.01 9.52 -6.03 8.04 10.75 14.13 12/27/2012 Class A without load -9.10% 6.93 9.25 -6.26 7.78 10.46 13.83 12/27/2012 Class A with 5.75% load -14.33% 0.77 2.97 -8.10 6.51 9.80 13.26 12/27/2012 Class C -9.77% 6.71 8.43 -6.97 6.97 9.64 12.99 12/27/2012 Class N -9.06% 6.97 9.33 -6.22 7.83 10.52 13.91 12/27/2012 Benchmark S&P Biotechnology Select Industry Index 3.28% 6.75 35.58 -7.48 5.55 6.84 11.14 12/27/2012
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 Healthcare & Life Sciences I 25.38 27.50 0.83 0.83 -0.32 4.36 81.97 80.74 S&P Biotechnology Select Industry Index 27.65 29.64 1.00 1.00 - - 100.00 100.00
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Portfolio
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Investment Team
Finny Kuruvilla, MD, PhD serves as Co-Chief Investment Officer and Senior Portfolio Manager for Eventide. He serves as the Lead Portfolio Manager for the Eventide Gilead Fund, the Eventide Healthcare & Life Sciences Fund, and the Eventide Exponential Technologies Fund. He also is a Managing Director for Eventide Ventures, as well as a Founding Member of Eventide. Dr. Kuruvilla has a background in healthcare, statistics, and investing. Concurrent with his early years at Eventide, he was a Principal at Clarus Ventures, a healthcare and life sciences venture capital firm subsequently acquired by Blackstone. Earlier in his career, Dr. Kuruvilla was a postdoctoral research fellow at the Broad Institute of Harvard and MIT, where he led the development of a new microarray between the Broad Institute and a publicly-traded company Affymetrix. Prior to his investing career, Dr. Kuruvilla was resident, chief resident, and fellow at the Brigham and Women’s Hospital and Boston Children’s Hospital, where he cared for adult and pediatric patients suffering from a variety of hematologic, oncologic, and autoimmune disorders. Subsequently, he was a research fellow at MIT where he designed and implemented statistical algorithms involving logistic regression and pseudo-Bayesian expectation maximization. Dr. Kuruvilla holds an MD from Harvard Medical School, a PhD in Chemistry and Chemical Biology from Harvard University, an SM in Electrical Engineering and Computer Science from MIT, and a BS in Chemistry from Caltech.
I-hung Shih, PhD serves as Co-Portfolio Manager for the Eventide Healthcare & Life Sciences Fund, as well as a Managing Director for Eventide Ventures. Prior to joining Eventide, Dr. Shih was Co-Head of the Biotech Private Investments team at Wellington Management. She also served as Global Industry Analyst and Co-Manager for Wellington's Smallcap and SMID Cap Biotech Strategies. Before her tenure at Wellington Management, Dr. Shih was a Senior Biotech Analyst at T. Rowe Price, covering US biotech companies and Co-Managing the Institutional US Structured Research Fund. She also served as the Lead Officer for US biopharma investment in public and private equity at Temasek International and as an Associate in investment banking on the Credit Suisse Biotech Team. Dr. Shih holds an MBA from the Wharton School, University of Pennsylvania, a PhD in Biochemistry from Duke University, and a BS in Chemistry from National Taiwan University. Additionally, she was a research fellow at the Whitehead Institute at MIT and the National Institutes of Health.
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Literature