Large Cap Focus
ETLIX
- 1-Year
- 9.24%
- 5-Year
- —
- 10-Year
- —
- Since Inception
- 16.46%
Unless otherwise noted, all data is as of 09/30/2025. 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 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
- US Fund Large Blend
-
Total Assets (as of
12/03/2025)
- $182.76 million
- Inception Date
- 06/30/2022
- Number of Holdings
- 46
- Average Market Cap
- $524.1 billion
- Median Market Cap
- $101.6 billion
- Distribution Frequency
- Annually
Performance and Risk
Trailing Returns (%) As of the quarter ending 09/30/2025
| Eventide Large Cap Focus Fund | As of 12/03/2025 YTD | |||||||
|---|---|---|---|---|---|---|---|---|
| Class I | 12.92% | 3.94 | 9.24 | 20.29 | - | - | 16.46 | 06/30/2022 |
| Class A without load | 12.70% | 3.90 | 8.94 | 19.96 | - | - | 16.17 | 06/30/2022 |
| Class A with 5.75% load | 6.19% | -2.06 | 2.68 | 17.60 | - | - | 14.07 | 06/30/2022 |
| Class C | 11.95% | 3.78 | 8.30 | 19.11 | - | - | 15.37 | 06/30/2022 |
| Class N | 12.74% | 3.89 | 9.07 | 20.06 | - | - | 16.25 | 06/30/2022 |
| Benchmark | ||||||||
| S&P 500 Total Return Index3 | 17.84% | 8.12 | 17.60 | 24.94 | - | - | 20.92 | 06/30/2022 |
Quarterly Returns (%)
| Eventide Large Cap Focus Fund, Class I | 7.52 | -5.94 | 15.52 | 11.02 | 1.74 | 6.87 | -3.81 | -2.87 | 12.49 | 3.94 | |
| S&P 500 Total Return Index3 | 8.74 | -3.27 | 11.69 | 10.56 | 4.28 | 5.89 | 2.41 | -4.27 | 10.94 | 8.12 | |
|
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. |
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Morningstar Ratings 2
Morningstar ratings are based on risk-adjusted returns. Morningstar rankings are based on total returns.
- Overall
-
- 1226 Funds in Category
- 3 Year
-
2
- 74% Percentile of 1226 Funds
Market Risk 10
Portfolio 15
Top 10 Holdings
| Holding | Weight (45.25%) |
|---|---|
| Nvidia Corp Computer graphics processors, chipsets, and multimedia software | 6.78% |
| American Express Globally integrated payment solutions | 5.17% |
| Broadcom Inc Designs semiconductors and software for networking, storage, and wireless communication | 4.86% |
| GE Vernova Inc Energy solutions, including power generation, grid technologies, and renewable energy | 4.59% |
| Linde PLC World's largest industrial gas company | 4.58% |
| S&P Global Financial information and data analytics services | 4.36% |
| Trane Technologies PLC HVAC systems for energy efficiency and reduced carbon emissions | 4.10% |
| O'Reilly Automotive Sells aftermarket auto parts, tools, equipment, accessories | 3.96% |
| The Southern Company Provides natural gas and power services primarily to the Southeast U.S. | 3.56% |
| The Williams Companies Inc Gathers and transports natural gas for global markets | 3.29% |
Portfolio Managers
Andrew Singer, CFA
Portfolio Manager, Senior Research Analyst
Andrew Singer, CFA, serves as Co-Portfolio Manager for Eventide’s Dividend Growth and Large Cap Core 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 Core 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
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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.
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.
- Returns are for Class I as of 09/30/2025 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.
- © 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.
- 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.
- For the Fund's fiscal year ending 06/30/2025.
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.
- The range shows the highest and lowest turnover ratio reported in the Annual Report during the last three fiscal years ending 06/30/2025.
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.
- Class A and Class C are also subject to a maximum deferred sales charge of 1.00%. This and other expenses that apply to a continued investment in the Fund are described in the Fund's prospectus.
- Refer to the Fund's SAI for definition of Other Expenses.
- 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.
- Class I shares purchased directly from the Funds are not subject to the minimum initial or subsequent investment requirements.
- 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.
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. - Standard Deviation of return measures the amount of variation in historical performance from period to period.
- 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.
- 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.
- 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.
- 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, 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. - 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 1772-2390 - 12/04/2025 09:10am