Large Cap Focus

Ticker

ETLIX

$13.53
0.67%
03/31/2025
Annualized Returns 1
1-Year
16.11%
5-Year
—
10-Year
—
Since Inception
15.84%
Morningstar Overall 2
Star Ratings

Large Blend

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.

Fund Objective

Seeks to provide long-term capital appreciation.

About the Fund

A diversified, concentrated mutual fund that seeks to invest at least 80% of its assets in companies with large market capitalizations. The Fund will typically hold 25-50 companies. The Fund also has the ability to concentrate investments in the software and semiconductor industries (greater than or equal to 25%).

Fund Distinctives

A Thematic Approach

Seeking to invest in companies that can achieve or sustain leadership in industries benefitting from long term secular themes.

Large Cap Orientation

Seeking to invest at least 80% of its assets in companies with large market capitalizations.

Creating Compelling Value for Society and the Global Common Good

Focused on identifying and investing in companies capable of increasing profitability and growth by serving well the needs of customers, employees, suppliers, communities, the environment, and society.

High Conviction and High Active Share Approach

Investing in 25-50 companies seeking a high active share versus benchmark and other large cap mutual funds.

At a Glance

Benchmarks
S&P 500 Total Return Index 3
Morningstar Classification
Large Blend
Total Assets
$160.41 million
Inception Date
06/30/2022
Number of Holdings
45
Average Market Cap
$295.9 billion
Median Market Cap
$83.1 billion
Distribution Frequency
Annually
Portfolio Turnover Ratio 4
101%
Management Fees
0.73%
Sales Charge 5
None
Other Expenses 6
0.45%
12b-1 Fees
0.00%
Gross Expenses
1.18%
Net Expenses 7
0.94%
Minimum Investment 8
$100,000

Performance and Risk

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

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

Eventide Large Cap Focus Fund
As of 03/31/2025
YTD		3-month1-year3-year5-year10-yearSince InceptionInception Date
Class I-2.87%-3.8116.11---15.8406/30/2022
Class A without load-2.89%-3.9515.79---15.5306/30/2022
Class A with 5.75% load-8.50%-9.479.09---12.8306/30/2022
Class C-3.08%-4.0214.99---14.7406/30/2022
Class N-2.88%-3.8715.86---15.6206/30/2022
Benchmark  
S&P 500 Total Return Index3-4.27%2.4125.02---21.1106/30/2022

Quarterly Returns (%)

Quarterly Returns (%)

Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024
Eventide Large Cap Focus Fund, Class I-5.703.249.437.52-5.9415.5211.021.746.87-3.81
S&P 500 Total Return Index3-4.887.567.508.74-3.2711.6910.564.285.892.41
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.

Market Risk 9

Market Risk 9

 
 		Standard Deviation10Beta11Alpha(%)12R-Squared(%)13
 
 		3-yrInception143-yrInception143-yrInception143-yrInception14
Eventide Large Cap Focus Fund, Class I-18.20-1.05--5.04-87.05
S&P 500 Total Return Index3-16.10-1.00---100

Portfolio 15

Top 10 Holdings

Holding Weight (41.45%)
S&P Global
Provides financial information and data analytics services
5.81%
Linde PLC
World's largest industrial gas company
5.08%
Nvidia Corp
Computer graphics processors, chipsets, and multimedia software
4.43%
Roper Technologies Inc
Software, water metering technologies, and medical products
4.27%
ServiceNow Inc
Software for enterprises to manage and automate operational workflows
4.07%
Trane Technologies PLC
HVAC systems for energy efficiency and reduced carbon emissions
3.90%
The Williams Companies Inc
Gathers and transports natural gas for global markets
3.60%
O'Reilly Automotive Inc
Automotive parts retailer providing strong customer service
3.55%
Intuit Inc.
Develops and markets financial management software
3.41%
Cadence Design Systems Inc
Provides electronic design automation, software, IP, and system design and analysis products
3.33%

Portfolio Managers

Photo of an Eventide team member

Andrew Singer, CFA

Portfolio Manager, Senior Research Analyst

Andrew Singer, CFA, serves as Co-Portfolio Manager for Eventide’s Dividend Growth and Large Cap Strategies, as well as Senior Research Analyst on other Eventide investments.

Mr. Singer has over 25 years of investment experience. Prior to joining Eventide in 2016, 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 from 1997-2002.

Mr. Singer holds a bachelor’s degree in Quantitative Economics from Tufts University and an MBA from Babson College. He is a CFA charterholder and member of the CFA Society Boston and CFA Institute.

Dolores Bamford, CFA

Co-Chief Investment Officer, Senior Portfolio Manager

Dolores Bamford, CFA, serves as Co-Chief Investment Officer and Senior Portfolio Manager for Eventide. She serves as Lead Portfolio Manager for Eventide’s Dividend Growth, Dividend Value, and Balanced Strategies and is Co-Portfolio Manager for Eventide’s Large Cap Strategy.

Ms. Bamford has over 30 years of investment experience. Prior to joining Eventide in 2019, she 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 strategy and co-led the Global Sustain Equity strategy. Previously, she was with Putnam Investments for 10 years (1992-2002), where she served as Senior Vice President and Portfolio Manager and Analyst on multiple value investments. 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 is a CFA® charterholder and member of the CFA Society Boston.

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. Large capitalization companies may be subject to more limited growth potential, and be less able to adapt to changing market conditions than smaller capitalization companies. It may be susceptible to an increased risk of loss because the Fund's investments are concentrated in the semiconductor and software industries and the Fund may invest a substantial portion of its assets in one or more sectors of the economy, such as the technology, industrial, consumer discretionary and healthcare sectors. Semiconductor companies carry risks such as limited product lines, competition for qualified personnel, rapid obsolescence of equipment, and dependence on patent and intellectual property rights, the loss or impairment of which can adversely affect profitability. Software companies carry risks such as rapidly changing technology, rapid product obsolescence, competitive pressures, cyclical market patterns, availability and price of components and frequent new product introductions. 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. 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 06/30/2022. 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. © 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 S&P 500 is an index created by Standard & Poor's of American stocks with the largest market capitalization. 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. 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.

  5. Other expenses that apply to a continued investment in the Fund are described in the Fund's prospectus.
  6. Refer to the Fund's SAI for definition of Other Expenses.
  7. 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.
  8. Class I shares purchased directly from the Funds are not subject to the minimum initial or subsequent investment requirements.
  9. 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 S&P 500 Total Return Index. The S&P 500 is an index created by Standard & Poor’s of American stocks with the largest market capitalization.
  10. Standard Deviation of return measures the amount of variation in historical performance from period to period.
  11. 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.
  12. 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.
  13. 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.
  14. Annualized since inception figures use an inception date of 07/01/2022 and not the actual inception date of 06/30/2022 as only full month data is used in Market Risk calculations.
  15. 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.
  16. This chart is for illustrative purposes and assumes that a $10,000 investment was made on the Fund’s inception date of 06/30/2022 and that all dividends and capital gains were reinvested. Hypothetical performance often shows markedly better results than actual management and should not be the basis for an investment decision. A variety of factors could impact investment decision making or otherwise cause differences between the hypothetical performance and actual investor returns. Compares the Eventide Large Cap Focus Fund Class I’s performance to index performance over the periods shown. Performance will differ for other fund classes, based upon fees and commissions.
    The returns shown do not reflect the deduction of 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 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. Performance data current to the most recent month-end may be obtained by calling 1-877-771-EVEN (3836).


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