Core Bond

Ticker

ETIRX

$8.17
0.00%
03/31/2025
Annualized Returns 1
1-Year
1.62%
5-Year
—
10-Year
—
Since Inception
-2.35%
Morningstar Overall 2
Star Ratings
3

Intermediate Core Bond
431 Funds in Category

Literature
Fact Sheet Prospectus See All Literature


Unless otherwise noted, all data is as of 12/31/2024. 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. Morningstar ratings are based on risk-adjusted returns.

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.

At a Glance

Benchmarks
Bloomberg U.S. Aggregate Bond Index 3
Morningstar Classification
Intermediate Core Bond
Total Assets
$150.52 million
Inception Date
07/31/2020
Number of Holdings
96
Distribution Frequency 4
Quarterly
Portfolio Turnover Ratio 5
33%
Management Fees
0.34%
Sales Charge 6
None
Other Expenses 7
0.36%
12b-1 Fees
0.00%
Gross Expenses
0.70%
Net Expenses 8
0.58%
Minimum Investment 9
$100,000
Average Effective Duration 10
6.1
Average Effective Maturity 11
8.7

Performance and Risk

Trailing Returns (%) As of the quarter ending 12/31/2024

Trailing Returns (%) As of the quarter ending 12/31/2024

Eventide Core Bond Fund
As of 03/31/2025
YTD		3-month1-year3-year5-year10-yearSince InceptionInception Date
Class I2.11%-2.641.62-2.53---2.3507/31/2020
Class A without load2.17%-2.811.26-2.82---2.5907/31/2020
Class A with 5.75% load-3.66%-8.35-4.59-4.74---3.8907/31/2020
Class C2.01%-3.020.50-3.53---3.3107/31/2020
Class N2.06%-2.691.42-2.76---2.5407/31/2020
Benchmark  
Bloomberg U.S. Aggregate Bond Index32.78%-3.061.25-2.41---2.0307/31/2020

Calendar Year Returns (%)

Calendar Year Returns (%)

2021202220232024
Eventide Core Bond Fund, Class I-2.49-13.255.051.62
Bloomberg U.S. Aggregate Bond Index3-1.54-13.015.531.25
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).

The returns shown do not reflect the deduction in taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. Performance figures greater than 1 year are annualized.

Distributions and Yield

Distributions and Yield

Jan 2024 - Dec 2024Class IClass AClass CClass N
Distributions12$0.32$0.30$0.25$0.31 
12-Month Yield134.00%3.75%3.13%3.79% 
SEC 30-Day Yield 
Subsidized (Waiver)4.39%3.90%3.37%4.19% 
Unsubsidized (No Waiver)4.29%3.80%3.27%4.08% 

SEC Yield is based on a 30-day (or one-month) period ending 12/31/2024 and is calculated by dividing the net investment income per share earned during the period by the maximum offering price per share on the last day of the period. The SEC Yield is a standardized measure of a mutual fund's yield, showing the annualized income earned by the fund over the last 30 days after expenses.

Morningstar Ratings 2

Morningstar ratings are based on risk-adjusted returns. Morningstar rankings are based on total returns.

Overall
431 Funds in Category
3 Year
3
66% Percentile of 431 Funds

Market Risk 14

Market Risk 14

 
 		Standard Deviation15Beta16Alpha(%)17R-Squared(%)18
 
 		3-yrInception193-yrInception193-yrInception193-yrInception19
Eventide Core Bond Fund, Class I7.526.380.950.96-0.46-0.5598.6298.09
Bloomberg U.S. Aggregate Bond Index37.836.591.001.00--100100

Portfolio 20

Top 10 Holdings

Holding Weight (53.96%)
Fannie Mae
Financing for U.S. mortgage providers
21.93%
Freddie Mac
Secondary mortgage market liquidity for lenders to offer credit for home buyers
14.70%
Federal Farm Credit Bank
Loans and services to rural communities and U.S. agriculture
6.55%
JPMorgan Chase
Green bond focused on green building and renewable energy
1.97%
Waste Management
Provides waste collection, disposal, recycling, and waste-to-energy facilities
1.60%
Huntington Bancshares Inc
Provides full-service commercial and consumer deposit, lending, and other banking services
1.54%
Roper Technologies Inc
Software, water metering technologies, and medical products
1.49%
Broadcom Inc
Designs semiconductors and software for networking, storage, and wireless communication
1.43%
Diamondback Energy Inc
Produces unconventional onshore oil and natural gas
1.39%
Quanta Services Inc
Designs and produces infrastructure services for electric power
1.36%

Portfolio Managers

Chris Grogan, CFA

Portfolio Manager, Director of Asset Allocation Services

Chris Grogan, CFA, serves as Director of Asset Allocation Services, Co-Portfolio Manager for Eventide's US Equity Market Strategy, and Portfolio Manager for Eventide's Fixed-Income Strategies. Within his roles at Eventide, Mr. Grogan is primarily involved with leading asset allocation strategy, systematic portfolio construction, multi-asset risk analytics, sub-advisor oversight, and investment consultation services.

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.

David Dirk, CFA

Portfolio Manager

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

Shareholder Reports 12/31/2023 – 12/31/2024

Impact the world for good

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

  1. Returns are for Class I as of 12/31/2024 with an inception date of 07/31/2020. 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.
  2. Past performance is no guarantee of future results.

    The Morningstar Rating™ for funds, or ‘star rating’, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10- year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings are determined monthly and subject to change.

    % Rank in Category is the fund’s percentile rank for the specified time period relative to all funds that have the same Morningstar category. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100. The top-performing fund in a category will always receive a rank of 1. Percentile ranks within categories are most useful in those categories that have a large number of funds.

    © 2025 Morningstar. All Rights Reserved. Morningstar is an independent provider of financial information. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

  3. The Bloomberg U.S. Aggregate Bond Index is a broad based benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. This includes Treasuries, government-related and corporate securities, mortgage backed securities, asset-backed securities and collateralized mortgage-backed securities. Source: Bloomberg Index Services Limited. Bloomberg® and the indices referenced herein (the "Indices", and each such index, an "Index") are service marks of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg") and/or one or more third-party providers (each such provider, a "Third-Party Provider,") and have been licensed for use for certain purposes to Eventide Asset Management LLC (the "Licensee"). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third-party products, company names and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg's licensors, including a Third-Party Provider, approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither Bloomberg nor Bloomberg's licensors, including a Third-Party Provider, shall have any liability or responsibility for injury or damages arising in connection therewith. 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.
  4. The Fund intends to make quarterly distributions, if applicable, and may make distributions of its net realized capital gains (after any reductions for capital loss carry forwards) annually.
  5. For the Fund's fiscal year ending 06/30/2024.

    Portfolio turnover is the percentage of the portfolio that was bought or sold (lesser) during a fiscal year. A higher portfolio turnover may indicate higher transaction costs for the Fund and may result in higher taxes for investors.

  6. Other expenses that apply to a continued investment in the Fund are described in the Fund's prospectus.
  7. Refer to the Fund's SAI for definition of Other Expenses.
  8. The adviser has contractually agreed to waive fees and/or reimburse expenses of the Fund through 10/31/2025. The agreement may be terminated by the Fund's Board of Trustees only on 60 days' written notice.
  9. Effective 06/01/2022, Class I shares purchased directly from the Funds are not subject to the minimum initial or subsequent investment requirements.
  10. Source: Morningstar, 12/31/2024. Average effective duration provides a measure of a fund’s interest-rate sensitivity. The longer a fund’s duration, the more sensitive the fund is to shifts in interest rates.
  11. Source: Morningstar, 12/31/2024. Average effective maturity is a weighted average of all the maturities of the bonds in a portfolio. Longer-maturity funds are generally considered more interest-rate sensitive than their shorter counterparts.
  12. Represents the sum of all distributions from the period indicated. Distributions consist of dividend and interest income, capital gains, and/or return of capital. Shareholders should not assume that Fund distributions represent net profit. Income may be distributed regardless of whether such income will be treated as return of capital.
  13. 12-Month Yield is the sum of a fund's total trailing 12-month interest and dividend payments divided by the last month's ending share price (NAV) plus any capital gains distributed over the same period.
  14. Source: © Morningstar, Inc. (2025). All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The performance and risk factor comparisons are against the Bloomberg U.S. Aggregate Bond Index. The Bloomberg U.S. Aggregate Bond Index is a broad based benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. This includes Treasuries, government-related and corporate securities, mortgage backed securities, asset-backed securities and collateralized mortgage-backed securities. Source: Bloomberg Index Services Limited. Bloomberg® and the indices referenced herein (the “Indices”, and each such index, an “Index”) are service marks of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”) and/or one or more third-party providers (each such provider, a “Third-Party Provider,”) and have been licensed for use for certain purposes to Eventide Asset Management LLC (the “Licensee”). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third-party products, company names and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg’s licensors, including a Third-Party Provider, approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither Bloomberg nor Bloomberg’s licensors, including a Third-Party Provider, shall have any liability or responsibility for injury or damages arising in connection therewith.
  15. Standard Deviation of return measures the amount of variation in historical performance from period to period.
  16. Beta is a measure of the volatility of a fund relative to the Index. A beta greater than 1 is more volatile than the Index.
  17. Alpha is a measure of performance on a risk-adjusted basis. It takes the volatility (price risk) of a fund and compares its risk-adjusted performance to the Index. Any excess return of a fund relative to the return of the Index is a fund’s alpha.
  18. R-Squared is a measure of how a fund’s performance correlates with the Index’s performance and it can help assess how likely it is that beta is statistically significant.
  19. Annualized since inception figures use an inception date of 08/01/2020 and not the actual inception date of 07/31/2020 as only full month data is used in Market Risk calculations.
  20. Allocation percentages and holdings are subject to change at any time, are subject to risks discussed in the Funds prospectus, and should not be considered investment advice.
    Assets labeled Cash/Other may include cash, cash equivalents, money market funds, impact bonds, and options. Impact bonds, if invested, fund business models that strive to have significant social or environmental effects.
    Due to rounding, numbers may not add up to 100.
    Top Holdings are based on percentage of net assets and do not include cash/money market funds/equivalents.
    Portfolio Composition Source: © Morningstar, Inc. (2025). All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
  21. Ratings (other than U.S. securities issued or backed by U.S. agencies) are a blend of a security's Moody's, S&P, Fitch, and DBRS Morningstar ratings calculated by Bloomberg. The rating agencies are evenly weighted when calculating the composite. It is calculated by taking the average of the existing ratings, rounded down to the lower rating in case the composite is between two ratings. A composite will not be generated if the bond is rated by only one of the four rating agencies. This composite is not intended to be a credit opinion. Credit quality does not remove market risk. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the Fund or its shares. Ratings are subject to change.

    Not Rated indicates that a bond has not been rated by a sufficient number of rating agencies to generate a composite rating using the methodology employed by Bloomberg.

    Allocation percentages are subject to change at any time, and should not be considered investment advice.

    Due to rounding, numbers may not add up to 100.


Eventide 1561-2179 - 04/01/2025 09:30am