Click here to close now.

SYS-CON MEDIA Authors: Liz McMillan, Lori MacVittie, Elizabeth White, Eva Belanyiova, tru welu

News Feed Item

Eventide Gilead Fund and Eventide Healthcare & Life Sciences Fund Complete Calendar Year 2013 as WSJ Category Kings

BOSTON, MA -- (Marketwired) -- 01/21/14 -- The Eventide Gilead Fund's no-load share class (NASDAQ: ETGLX) and the Eventide Healthcare & Life Sciences Fund's no-load share class (NASDAQ: ETNHX) were both named as "Category Kings" by the Wall Street Journal for the one-year period ending December 31, 2013, in recognition of ranking within the top 10 funds in their categories (Midcap Growth and Health & Biotech, respectively) for total returns. The Eventide Gilead Fund finished the year ranked #3 out of 412 funds, and the Eventide Healthcare & Life Sciences Fund ranked #6 out of 87 funds.

The Eventide Funds are managed by Eventide Asset Management, LLC, a Boston-based investment advisor that practices values-based investing. For Eventide, values-based investing is a form of investing that seeks to partner with companies that create real value and blessing for their customers, employees, and other stakeholders. "We are pleased with the outperformance of both funds during the past year, as well as since the inception of these funds. We interpret the results as evidence that the principle of service above profits can potentially create reciprocal blessings for businesses and their shareholders," said Eventide's CEO, Robin John. "We strongly believe that value creation is the key indicator of business vitality and a reliable leading indicator of financial performance."

The Eventide Gilead Fund achieved a one-year total return of 52.93%, compared with the Russell Mid-Cap Growth Index return of 35.74% and S&P 500 Index return of 32.39%, outperforming each by 17.19% and 20.54%, respectively. The Eventide Healthcare & Life Sciences Fund achieved a one-year total return of 62.01%, compared with the Healthcare Blended Index return of 51.11% and S&P 500 Index return of 32.39%, outperforming each by 10.9% and 29.62%, respectively.

The following table outlines the Eventide Gilead Fund's performance since inception:

                                                                  Since
                                                                inception
                                    3 year         5 year      (7/08/2008)
                                  annualized     annualized     annualized
As of 12/31/2013 1 year return      return         return         return
---------------- -------------  -------------  -------------  -------------
Eventide Gilead
 Fund*                   52.93%         21.90%         25.67%         17.75%
---------------- -------------  -------------  -------------  -------------
S&P 500 Total
 Return Index            32.39%         16.18%         17.94%          9.43%
---------------- -------------  -------------  -------------  -------------
Russell Mid-Cap
 Growth Total
 Return Index            35.74%         15.63%         23.37%         10.89%
---------------- -------------  -------------  -------------  -------------

The following table outlines the Eventide Healthcare & Life Science Fund's performance since inception:

                                                            Since inception
                                                              (12/27/2012)
                                                               annualized
As of 12/31/2013          3 months return   1 year return        return
------------------------- ---------------  ---------------  ---------------
Eventide Healthcare &
 Life Sciences Fund*                 3.37%           62.01%           61.65%
------------------------- ---------------  ---------------  ---------------
S&P 500 Total Return
 Index                              10.51%           32.39%           32.74%
------------------------- ---------------  ---------------  ---------------
Healthcare Blended Index            10.89%           51.11%           51.23%
------------------------- ---------------  ---------------  ---------------

Three-year and inception returns are annualized. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. Please review the funds' prospectus for more information regarding the funds' fees and expenses. Performance shown is for No-load Class shares (please see a prospectus for information about other share classes). For performance information current to the most recent month-end, please call toll-free 877-771-EVEN (3836).

Eventide Gilead Fund Expenses ratios: Gross Expenses 1.75%; Net Expenses 1.64%. The advisor has agreed to maintain the Fund's total annual operating expenses (excluding certain fees and expenses) at 1.42% at least until October 31, 2014.

Eventide Healthcare & Life Sciences Fund Expenses ratios: Gross Expenses 9.51%; Net Expenses 1.64%. The advisor has agreed to maintain the Fund's total annual operating expenses (excluding certain fees and expenses) at 1.43% at least until October 31, 2014.

As of 12/31/2013, the Eventide Gilead Fund had $323,576,279.67 in net assets and the Eventide Healthcare & Life Sciences Fund had $39,745,499.32 in net assets.

Wall Street Journal rankings are not intended to constitute investment advice. As a result, you should not make an investment decision on the basis of this information. Rather, you should use the rankings for informational purposes only.

The S&P 500 is an index created by Standard & Poor's Corp considered to represent the performance of the stock market generally. The Russell Midcap Growth Index measures the performance of the U.S. equity mid-cap growth segment. It includes mid-cap companies with higher price-to-book ratios and forecasted growth. The Healthcare Blended Index is composed of equal parts of the S&P 400 Healthcare Index and the S&P 600 Healthcare Index. These indexes are not investment products available for purchase.

Mutual Funds involve risk including the possible loss of principal. The Eventide Funds can invest in smaller-sized companies which may experience higher failure rates than larger companies and they normally have a lower trading volume than larger companies. The Funds' ethical values screening criteria could cause it to underperform similar funds that do not have such screening criteria. The funds 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 funds 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 funds can have risk associated with a higher portfolio turnover, which could result in higher transactional costs. The recent growth rate in the stock market has helped to produce short-term returns that are not typical and may not continue in the future. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. An investor should consider the Funds' investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about Eventide Funds can be found in the Funds' prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus please call the fund, toll free at 877-771-EVEN (3836).

Eventide Funds is distributed by Northern Lights Distributors, LLC, member FINRA, which is not affiliated with Eventide Asset Management, LLC.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Fund Contact:
Jason Myhre
877-771-EVEN (3836)

0195-NLD-1/14/2014

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
"We have developers who are really passionate about getting their code out to customers, no matter what, in the shortest possible time. Operations are very focused on procedures and policies," explained Stan Klimoff, CTO of Qubell, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading in...
SYS-CON Events announced today that SUSE, a pioneer in open source software, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SUSE provides reliable, interoperable Linux, cloud infrastructure and storage solutions that give enterprises greater control and flexibility. More than 20 years of engineering excellence, exceptional service and an unrivaled partner ecosystem power the products and support that help ...
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developmen...
“Will Jaya is a direct source for server integration and storage solutions. If you are looking for any specific configurations for a project we can help you configure based on your needs and requirements," explained Netty Goya, CEO of Will Jaya, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"SendGrid sends about 15 billion emails a month and process all the events associated with that, about a trillion events a year," explained Aaron Beach, Senior Data Scientist at SendGrid, in this SYS-CON.tv interview at Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable o...
“Connect2Me is basically a game changer in the IoT industry. We have created IoT connecter middleware that can enable a connection to any kind of device," explained Yasser Khan, CTO of Connect2Me, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"Application monitoring and intelligence can smooth the path in a DevOps environment. In a DevOps environment you see constant change. If you are trying to monitor things in a constantly changing environment, you're going to spend a lot of your job fixing your monitoring," explained Todd Rader, Solutions Architect at AppDynamics, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises a...
"In our world there's a lot of cloud. Our focus is to help companies, who are bogged down by the enormousness of the cloud and infrastructure, to really go out there and monetize the cloud," explained Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that the "First Containers & Microservices Conference" will take place June 9-11, 2015, at the Javits Center in New York City. The “Second Containers & Microservices Conference” will take place November 3-5, 2015, at Santa Clara Convention Center, Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust...