Limited-Term Bond

Ticker

ETIBX

$10.29
0.00%
03/31/2025
Annualized Returns 1
1-Year
3.90%
5-Year
1.25%
10-Year
1.49%
Since Inception
1.95%
Morningstar Overall 2
Star Ratings
2

Short-Term Bond
522 Funds in Category


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 to provide income through limited-term bonds.

About the Fund

An income fund investing in short- and medium-duration bonds.

Fund Distinctives

Limited Duration

Invests across industry sectors and market capitalizations with at least 80 percent of securities in limited-term bonds.

Income Focused

Seeks to invest in limited-term 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 1-5 Year Government/Credit Index 3
Bloomberg U.S. Aggregate Bond Index 4
Morningstar Classification
Short-Term Bond
Total Assets
$159.45 million
Inception Date
07/28/2010
Number of Holdings
98
Distribution Frequency 5
Monthly
Portfolio Turnover Ratio 6
33%
Annual Turnover Range 7
33%-48%
Management Fees
0.31%
Sales Charge 8
None
Other Expenses 9
0.38%
12b-1 Fees
0.00%
Gross Expenses
0.69%
Net Expenses 10
0.55%
Minimum Investment 11
$100,000
Average Effective Duration 12
2.6
Average Effective Maturity 13
3.7

Performance and Risk

Trailing Returns (%) 14 As of the quarter ending 12/31/2024

Trailing Returns (%) 14 As of the quarter ending 12/31/2024

Eventide Limited-Term Bond Fund
As of 03/31/2025
YTD
3-month1-year3-year5-year10-yearSince InceptionInception Date
Class I1.70%-0.803.901.201.251.491.9507/28/2010
Class A without load1.58%-0.793.610.961.001.472.1907/28/2010
Class A with 5.75% load-4.27%-6.51-2.38-1.00-0.190.881.7807/28/2010
Class C1.41%-0.992.880.190.25-1.1112/14/2018
Class N1.60%-0.783.690.991.04-1.9112/14/2018
Benchmarks  
Bloomberg 1-5 Year Government/Credit Index32.02%-0.713.760.941.291.661.6807/28/2010
Bloomberg U.S. Aggregate Bond Index42.78%-3.061.25-2.41-0.331.352.0507/28/2010

Calendar Year Returns (%)

Calendar Year Returns (%)

2015201620172018201920202021202220232024
Eventide Limited-Term Bond Fund, Class I-0.310.473.08-0.245.973.84-1.14-5.575.633.90
Bloomberg 1-5 Year Government/Credit Index30.971.561.271.385.014.71-0.97-5.494.893.76
Bloomberg U.S. Aggregate Bond Index40.552.653.540.018.727.51-1.54-13.015.531.25
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
Distributions15$0.35$0.32$0.25$0.33 
12-Month Yield163.43%3.25%2.54%3.32% 
SEC 30-Day Yield 
Subsidized (Waiver)4.29%3.81%3.29%4.09% 
Unsubsidized (No Waiver)4.29%3.81%3.29%4.09% 

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
522 Funds in Category
3 Year
2
80% Percentile of 522 Funds
5 Year
2
85% Percentile of 482 Funds
10 Year
2
84% Percentile of 364 Funds

Market Risk 17

Market Risk 17

 
 
Standard Deviation18Beta19Alpha(%)20R-Squared(%)21
 
 
3-yrInception223-yrInception223-yrInception223-yrInception22
Eventide Limited-Term Bond Fund, Class I3.312.450.890.99-0.100.3193.2363.83
Bloomberg 1-5 Year Government/Credit Index33.531.991.001.00--100100
Bloomberg U.S. Aggregate Bond Index47.834.442.172.080.580.0488.7685.13

Portfolio 23

Top 10 Holdings

Holding Weight (38.88%)
Fannie Mae
Financing for U.S. mortgage providers
10.05%
Federal Farm Credit Bank
Loans and services to rural communities and U.S. agriculture
9.82%
Freddie Mac
Secondary mortgage market liquidity for lenders to offer credit for home buyers
6.80%
JPMorgan Chase
Green bond focused on green building and renewable energy
1.98%
NextEra Energy Capital LP
Large U.S. electric utility and producer of solar and wind energy
1.75%
Virginia State Housing Development Authority
Mortgages for first-time homebuyers, rental housing developers
1.73%
Aflac Inc
Insurance and reinsurance products and services
1.70%
Roper Technologies Inc
Software, water metering technologies, and medical products
1.70%
Royal Bank of Canada
Green bond financing for renewable and clean energy
1.69%
MidAmerican Energy Co
Green bond funding wind farms in Iowa
1.66%

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

Impact the world for good

  1. Returns are for Class I as of 12/31/2024 with an inception date of 07/28/2010. 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 1-5 Year Government/Credit Index includes investment-grade, U.S. dollar-denominated, fixed-rate treasuries, government-related and corporate securities that have a remaining maturity of greater than or equal to one year and less than five years. 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 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.
  5. The Fund's distribution policy is to make no more than 12 distributions to shareholders per calendar year. The frequency of distributions will be based on the availability of distributable income and the investment needs of the Fund.
  6. 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.

  7. The range shows the highest and lowest turnover ratio reported in the Annual Report during the last three fiscal years 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.

  8. Other expenses that apply to a continued investment in the Fund are described in the Fund's prospectus.
  9. Refer to the Fund's SAI for definition of Other Expenses.
  10. 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.
  11. Effective 06/01/2022, Class I shares purchased directly from the Funds are not subject to the minimum initial or subsequent investment requirements.
  12. 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.
  13. 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.
  14. The Fund acquired the assets and liabilities of the Epiphany FFV Strategic Income Fund ("Predecessor Fund") on 12/14/2018. The Predecessor Fund's Class A shares were reclassified from Class N shares on 06/01/2015 and its Class I shares were reclassified from Class C shares on 05/30/2017, and the fee structure was different. From inception through 12/13/2018, the Fund's primary adviser was Trinity Fiduciary Partners, LLC. Eventide began advising the Fund on 12/14/2018 retaining the existing sub-adviser until 05/11/2020, when Boyd Watterson Asset Management, LLC replaced Dana Investment Advisors, Inc. as the sub-adviser of the Fund.
  15. 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.
  16. 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.
  17. 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 1-5 Year Government/Credit Index. The Bloomberg 1-5 Year Government/Credit Index includes investment-grade, U.S. dollar-denominated, fixed-rate treasuries, government-related and corporate securities that have a remaining maturity of greater than or equal to one year and less than five years. 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.
  18. Standard Deviation of return measures the amount of variation in historical performance from period to period.
  19. 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.
  20. 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.
  21. 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.
  22. Annualized since inception figures use an inception date of 08/01/2010 and not the actual inception date of 07/28/2010 as only full month data is used in Market Risk calculations.
  23. 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.
  24. 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