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Trending ETFs

Eventide Exponential Technologies Fund

mutual fund
ETIEX
Payout Change
Suspended
Price as of:
$11.9 -0.1 -0.83%
primary theme
Technology Sector Equity
ETIEX (Mutual Fund)

Eventide Exponential Technologies Fund

Payout Change
Suspended
Price as of:
$11.9 -0.1 -0.83%
primary theme
Technology Sector Equity
ETIEX (Mutual Fund)

Eventide Exponential Technologies Fund

Payout Change
Suspended
Price as of:
$11.9 -0.1 -0.83%
primary theme
Technology Sector Equity

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.90

$128 M

0.00%

1.51%

Vitals

YTD Return

-9.1%

1 yr return

-0.3%

3 Yr Avg Return

-12.8%

5 Yr Avg Return

N/A

Net Assets

$128 M

Holdings in Top 10

41.4%

52 WEEK LOW AND HIGH

$12.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 60.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.90

$128 M

0.00%

1.51%

ETIEX - Profile

Distributions

  • YTD Total Return -9.1%
  • 3 Yr Annualized Total Return -12.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.30%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Eventide Exponential Technologies Fund
  • Fund Family Name
    AlphaCentric Funds
  • Inception Date
    Jun 30, 2020
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Anant Goel

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in companies that the Adviser believes are participating in and benefitting from technologies, innovations, technology themes, or technology trends. The types of companies represented in the Fund’s portfolio include, but are not limited to, companies falling within the information technology, e-commerce discretionary, internet media and services, healthcare technology, healthcare devices, or transaction and payment processing services industries. The Fund invests primarily in companies that the Adviser believes are participating in and benefitting from technologies, innovations, themes, or trends that have long-term exponential characteristics and that serve well the needs of customers, employees, suppliers, communities, the environment, and society broadly. The term “exponential” means the potential for accelerated advancements in underlying technologies that can positively impact capabilities and development cycles of a company’s products and services. Not every company in the Fund’s portfolio will experience exponential growth, and the Fund is not expected to deliver exponential returns.

The Adviser utilizes a fundamental “bottom-up” analysis and quantitative screening to find and evaluate investments for the Fund’s portfolio. The Adviser seeks attractively valued securities that, in its opinion, represent above-average long-term investment opportunities or have significant near-term appreciation potential. The Adviser’s investment opportunity screening considers strong organic revenue growth, growing market shares, expanding margins and profitability, defensible competitive advantages and disciplined and quality management teams. Valuation is an integral part of the investment process and purchase decisions are based on the potential reward relative to risk of each security which, in turn, is partly based on the Adviser’s earnings calculations.

The Fund gains exposure to technology companies primarily through investing in equity securities including common stock, options, preferred stock and convertible debt. The Fund may invest in private and other companies whose securities may have legal or contractual restrictions on resale or are otherwise illiquid. The Fund will not invest more than 15% of the Fund’s net assets in these illiquid investments. These companies include development stage companies that have not commenced business operations or have not generated significant revenue. The Fund invests without limitation in securities of companies domiciled outside the United States either directly or through American Depositary Receipts (“ADRs”). The Fund may invest in securities of companies of any market capitalization.

The Adviser uses options strategies to enhance returns, generate income, reduce portfolio volatility, or reduce downside risk when the Adviser believes adverse market, political or other conditions are likely. The Adviser may also utilize a combination of puts and/or calls regarding the same security or puts and calls on related securities.

The Fund is classified as “non-diversified” for purposes of the Investment Company Act of 1940, as amended (the “1940 Act”), which means that it is not limited by the 1940 Act with regard to the portion of its assets that may be invested in the securities of a single issuer. The Fund concentrates investments in the software, technology hardware and equipment, semiconductor, and communications group of industries because, under normal circumstances, it invests over 25% of its net assets in companies in this group of industries.

Eventide uses its values-based screening process to analyze all potential investments for the company’s ability to operate with integrity and create value for customers, employees, and other stakeholders by reflecting the values described below. Eventide’s ethical values are inspired by the Christian faith and rooted in a biblical worldview. While few companies may reach these ideals in every area of their business, these principles articulate the Adviser’s highest expectations for the companies in which the Fund invests. The Adviser uses its values-based screening processes in connection with other fundamental research processes to establish the Fund’s eligible investment universe. Securities are generally ineligible for purchase within the Fund’s portfolio unless the Adviser believes that the values-based screens are met. The Adviser’s screening process for potential investments does not apply relative weights between values-based factors and financial factors. There is no guarantee that the Adviser will be able to successfully screen out all companies that are inconsistent with the following principles which help to guide the Adviser’s research and investment framework. Specifically, the Adviser seeks to invest in companies that reflect the following values:

Respecting the value and freedom of all people: this includes the right to life at all stages and freedom from addictive behaviors caused by gambling, pornography, tobacco, and alcohol.
Demonstrating a concern for justice and peace: this includes fair and ethical relationships with customers, suppliers, and business partners and avoiding products and services that promote weapons production and proliferation.
Promoting family and community: this includes protecting children from violent forms of entertainment and serving low-income communities.
Exhibiting responsible management practices: this includes fair dealing with employees, communities, competitors, suppliers, and customers as demonstrated by a company’s record regarding litigation, regulatory actions against the company, and its record of providing products and services that improve the lives of people.
Practicing environmental stewardship: this includes practices considered more sustainable than those of industry peers, reduction in environmental impact when compared to previous periods, and/or the use of more efficient and cleaner energy sources.

Consistent with the Adviser’s values, the Fund may invest in securities that fund community development institutions and serve needs such as those of low-to-moderate income families and communities.

Securities may be sold when the Adviser believes that they no longer represent relatively attractive investment opportunities or when the Adviser believes the underlying company’s practices are no longer consistent with the Adviser’s values.

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ETIEX - Performance

Return Ranking - Trailing

Period ETIEX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.1% -25.2% 53.2% 96.38%
1 Yr -0.3% -26.7% 75.7% 93.67%
3 Yr -12.8%* -35.0% 33.2% 91.24%
5 Yr N/A* -11.7% 40.8% N/A
10 Yr N/A* 1.3% 28.7% N/A

* Annualized

Return Ranking - Calendar

Period ETIEX Return Category Return Low Category Return High Rank in Category (%)
2023 32.0% -5.6% 96.9% 79.55%
2022 -45.0% -73.9% -16.4% 74.65%
2021 14.1% -44.6% 51.5% 31.02%
2020 N/A 5.5% 154.1% N/A
2019 N/A -3.0% 63.7% N/A

Total Return Ranking - Trailing

Period ETIEX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.1% -25.2% 53.2% 96.38%
1 Yr -0.3% -26.7% 75.7% 93.67%
3 Yr -12.8%* -35.0% 33.2% 91.24%
5 Yr N/A* -11.7% 40.8% N/A
10 Yr N/A* 1.3% 28.7% N/A

* Annualized

Total Return Ranking - Calendar

Period ETIEX Return Category Return Low Category Return High Rank in Category (%)
2023 32.0% -2.3% 96.9% 85.91%
2022 -45.0% -67.5% -5.9% 86.64%
2021 15.6% -17.8% 59.2% 49.07%
2020 N/A 17.5% 157.5% N/A
2019 N/A 7.5% 66.9% N/A

NAV & Total Return History


ETIEX - Holdings

Concentration Analysis

ETIEX Category Low Category High ETIEX % Rank
Net Assets 128 M 4.67 M 81.2 B 77.03%
Number of Holdings 37 10 316 82.43%
Net Assets in Top 10 53.7 M 1.42 M 49.3 B 76.58%
Weighting of Top 10 41.39% 11.7% 100.0% 76.58%

Top 10 Holdings

  1. MONDAY.COM LTD 5.47%
  2. DATADOG INC-A 4.57%
  3. SYNOPSYS INC 4.35%
  4. TRADE DESK INC-A 4.25%
  5. CONSTELLATION SO 4.08%
  6. MONOLITHIC POWER 3.89%
  7. DOUBLEVERIFY HOL 3.87%
  8. LAM RESEARCH 3.84%
  9. FLYWIRE CORP-VOT 3.74%
  10. ADYEN NV-UNSPON 3.34%

Asset Allocation

Weighting Return Low Return High ETIEX % Rank
Stocks
97.38% 0.00% 100.27% 79.73%
Cash
2.18% 0.00% 26.97% 33.78%
Bonds
0.58% 0.00% 89.65% 2.70%
Other
0.09% -0.01% 26.87% 18.92%
Preferred Stocks
0.00% 0.00% 7.58% 73.42%
Convertible Bonds
0.00% 0.00% 0.40% 65.32%

Stock Sector Breakdown

Weighting Return Low Return High ETIEX % Rank
Technology
90.45% 2.80% 100.00% 12.61%
Consumer Defense
3.99% 0.00% 5.64% 1.35%
Industrials
3.00% 0.00% 38.68% 33.33%
Healthcare
2.56% 0.00% 25.57% 25.23%
Utilities
0.00% 0.00% 5.17% 63.06%
Real Estate
0.00% 0.00% 15.05% 72.52%
Financial Services
0.00% 0.00% 38.36% 89.64%
Energy
0.00% 0.00% 1.24% 63.51%
Communication Services
0.00% 0.00% 97.05% 95.95%
Consumer Cyclical
0.00% 0.00% 32.97% 93.69%
Basic Materials
0.00% 0.00% 2.38% 66.22%

Stock Geographic Breakdown

Weighting Return Low Return High ETIEX % Rank
US
97.38% 0.00% 100.27% 50.00%
Non US
0.00% 0.00% 59.84% 78.38%

Bond Sector Breakdown

Weighting Return Low Return High ETIEX % Rank
Corporate
28.10% 0.00% 84.44% 7.08%
Cash & Equivalents
2.18% 0.00% 100.00% 33.48%
Derivative
0.09% -0.01% 14.46% 3.17%
Securitized
0.00% 0.00% 0.00% 62.26%
Municipal
0.00% 0.00% 1.75% 62.74%
Government
0.00% 0.00% 3.08% 62.74%

Bond Geographic Breakdown

Weighting Return Low Return High ETIEX % Rank
US
0.58% 0.00% 89.65% 2.70%
Non US
0.00% 0.00% 0.00% 61.71%

ETIEX - Expenses

Operational Fees

ETIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.51% 0.08% 5.04% 25.79%
Management Fee 1.10% 0.03% 1.95% 94.59%
12b-1 Fee 0.00% 0.00% 1.00% 27.87%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

ETIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

ETIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 75.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ETIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 0.69% 281.00% 76.27%

ETIEX - Distributions

Dividend Yield Analysis

ETIEX Category Low Category High ETIEX % Rank
Dividend Yield 0.00% 0.00% 7.82% 72.97%

Dividend Distribution Analysis

ETIEX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

ETIEX Category Low Category High ETIEX % Rank
Net Income Ratio -1.30% -2.30% 2.08% 87.16%

Capital Gain Distribution Analysis

ETIEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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ETIEX - Fund Manager Analysis

Managers

Anant Goel


Start Date

Tenure

Tenure Rank

Jun 30, 2020

1.92

1.9%

Anant Goel serves as Portfolio Manager for the Eventide Exponential Technologies Fund and Senior Research Analyst on other Eventide funds. Mr. Goel has a diverse background having grown up and lived in India, Hong Kong, UK, USA and China, which combined with his academic and professional interests, allow him to incorporate a diverse set of perspectives in his investment decision process. He has been passionate about responsible investing from early in his career. He has served as a Research Analyst at Eventide since 2016, leading its technology focused research. In 2015, during his M.B.A. program, he worked at Adage Capital Management, a long/short hedge fund. From 2011-2014, he served as an Analyst for NewQuest Capital Partners, a Private Equity firm in Hong Kong, where he was responsible for evaluating new investment opportunities for funds across Asia. From 2008-2011, he lived and worked in Beijing, China where he studied Mandarin and worked on start-up companies and other investment projects. Mr. Goel holds an M.B.A. from the MIT Sloan School of Management where he was selected as a Teaching Assistant (TA) for finance courses for both Executive M.B.A. and M.B.A. students. He also holds a Bachelors of Science (HONS) from the University of Warwick, UK in Economics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.43 8.25 1.41