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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-Year9.52%
5-Year8.04%
10-Year10.75%
Since Inception14.13%

Morningstar

US Fund Health

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%.

  • 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.

  • Performance and Risk

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

    Eventide Healthcare & Life Sciences Fund
    As of 12/24/2024.

    YTD
    3-month1-year3-year5-year10-yearSince InceptionInception Date
    Class I-8.86%7.019.52-6.038.0410.7514.1312/27/2012
    Class A without load-9.10%6.939.25-6.267.7810.4613.8312/27/2012
    Class A with 5.75% load-14.33%0.772.97-8.106.519.8013.2612/27/2012
    Class C-9.77%6.718.43-6.976.979.6412.9912/27/2012
    Class N-9.06%6.979.33-6.227.8310.5213.9112/27/2012
    Benchmark        
    S&P Biotechnology Select Industry Index3.28%6.7535.58-7.485.556.8411.1412/27/2012



    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 DeviationBetaAlpha(%)R-Squared(%)
    3-yrInception3-yrInception3-yrInception3-yrInception
    Eventide Healthcare & Life Sciences I25.3827.500.830.83-0.324.3681.9780.74
    S&P Biotechnology Select Industry Index27.6529.641.001.00--100.00100.00

  • Portfolio
  • Investment Team
    image of Finny Kuruvilla

    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.

    image of I-hung Shih

    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.

  • 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. 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. The Fund can 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 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 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.

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