ETIBX
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.
Seeks to provide income through limited-term bonds.
An income fund investing in short- and medium-duration bonds.
Invests across industry sectors and market capitalizations with at least 80 percent of securities in limited-term bonds.
Seeks to invest in limited-term bonds and other securities that offer positive yield advantage, discounted price, and improving credit profile.
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.
Eventide Limited-Term Bond Fund | As of 03/31/2025 YTD | |||||||
---|---|---|---|---|---|---|---|---|
Class I | 1.70% | -0.80 | 3.90 | 1.20 | 1.25 | 1.49 | 1.95 | 07/28/2010 |
Class A without load | 1.58% | -0.79 | 3.61 | 0.96 | 1.00 | 1.47 | 2.19 | 07/28/2010 |
Class A with 5.75% load | -4.27% | -6.51 | -2.38 | -1.00 | -0.19 | 0.88 | 1.78 | 07/28/2010 |
Class C | 1.41% | -0.99 | 2.88 | 0.19 | 0.25 | - | 1.11 | 12/14/2018 |
Class N | 1.60% | -0.78 | 3.69 | 0.99 | 1.04 | - | 1.91 | 12/14/2018 |
Benchmarks | ||||||||
Bloomberg 1-5 Year Government/Credit Index3 | 2.02% | -0.71 | 3.76 | 0.94 | 1.29 | 1.66 | 1.68 | 07/28/2010 |
Bloomberg U.S. Aggregate Bond Index4 | 2.78% | -3.06 | 1.25 | -2.41 | -0.33 | 1.35 | 2.05 | 07/28/2010 |
Eventide Limited-Term Bond Fund, Class I | -0.31 | 0.47 | 3.08 | -0.24 | 5.97 | 3.84 | -1.14 | -5.57 | 5.63 | 3.90 | |
Bloomberg 1-5 Year Government/Credit Index3 | 0.97 | 1.56 | 1.27 | 1.38 | 5.01 | 4.71 | -0.97 | -5.49 | 4.89 | 3.76 | |
Bloomberg U.S. Aggregate Bond Index4 | 0.55 | 2.65 | 3.54 | 0.01 | 8.72 | 7.51 | -1.54 | -13.01 | 5.53 | 1.25 | |
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. |
Jan 2024 - Dec 2024 | Class I | ||||
---|---|---|---|---|---|
Distributions15 | $0.35 | $0.32 | $0.25 | $0.33 | |
12-Month Yield16 | 3.43% | 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 are based on risk-adjusted returns. Morningstar rankings are based on total returns.
| Standard Deviation18 | Beta19 | Alpha(%)20 | R-Squared(%)21 | ||||
---|---|---|---|---|---|---|---|---|
| 3-yr | Inception22 | 3-yr | Inception22 | 3-yr | Inception22 | 3-yr | Inception22 |
Eventide Limited-Term Bond Fund, Class I | 3.31 | 2.45 | 0.89 | 0.99 | -0.10 | 0.31 | 93.23 | 63.83 |
Bloomberg 1-5 Year Government/Credit Index3 | 3.53 | 1.99 | 1.00 | 1.00 | - | - | 100 | 100 |
Bloomberg U.S. Aggregate Bond Index4 | 7.83 | 4.44 | 2.17 | 2.08 | 0.58 | 0.04 | 88.76 | 85.13 |
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 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.
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.
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. 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. Longer term securities may be more sensitive to changes in interest rates. 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 not exceed five 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, foreign securities, income, interest rates, LIBOR, mortgage-backed securities, municipal bonds, preferred stocks, prepayment, securities, sovereign debt, and U.S. Agency securities that are covered in the Fund's prospectus and SAI. 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. The Predecessor Fund was advised by Trinity Fiduciary Partners, LLC and had an investment objective and strategies that were, in all material respects, the same as those of the Fund, whose investment adviser is Eventide Asset Management, LLC. However, under normal market conditions, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in bonds.
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.
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.
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.
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.
Eventide 1561-2179 - 04/01/2025 09:30am