Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.7%
1 yr return
17.8%
3 Yr Avg Return
4.0%
5 Yr Avg Return
8.9%
Net Assets
$358 M
Holdings in Top 10
22.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.90%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 73.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ETIMX - Profile
Distributions
- YTD Total Return 5.7%
- 3 Yr Annualized Total Return 4.0%
- 5 Yr Annualized Total Return 8.9%
- Capital Gain Distribution Frequency Quarterly
- Net Income Ratio 0.81%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameEventide Balanced Fund
-
Fund Family NameMutual Fund Series Trust
-
Inception DateJul 15, 2015
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Dirk
Fund Description
The Fund has significant flexibility to achieve its investment objective by primarily investing in a broad universe of income-producing securities. These securities include debt and equity securities of companies in the U.S. and other markets around the world. The Funds investments in foreign securities may be made without limitation, directly or through American Depository Receipts (ADRs).
The Fund uses a balanced strategy allocating approximately equally between equity income and fixed income with a bottom-up quality investing and secular theme focus seeking to achieve consistent returns and lower volatility than the markets. There is no guarantee that the Fund will achieve this goal. The Funds balanced strategy means that equity investments do not typically represent more than 50% of the Funds portfolio. The Funds balanced strategy also means that the Fund invests at least 25% of its assets in equity securities and at least 25% of its assets in fixed income securities. The Fund is focused on identifying and investing in companies capable of increasing profitability, growth, and income distribution by serving well the needs of customers, employees, suppliers, communities, the environment, and society broadly. The Fund has broad discretion to invest in securities in the pursuit of the Funds objectives. These securities may include but are not limited to common stocks, yieldcos (dividend growth-oriented public companies created by a parent company, which bundles renewable and/or conventional long-term contracted operating assets in order to generate cash flow), real estate investment trusts (REITs), master limited partnerships (MLPs), preferred stocks, corporate bonds, government agency bonds, municipal bonds, mortgage-backed securities, asset-backed securities (including auto loans and leases, equipment loans and leases, and credit cards); convertible securities and options. The Fund may invest in a particular type of security without limitation but limits its investment in a particular industry and in MLPs to less than 25% of the Funds net assets. The Fund may invest in companies of any market capitalization. The Fund may invest in bonds of any maturity and, under normal market conditions, the bonds held in the Funds portfolio have an average duration of between two and eight years. The Fund may invest in bonds of any credit quality, including, without limitation, non-investment grade bonds rated below Baa3 by Moodys or below BBB- by S&P (also known as junk bonds). The Fund may invest up to 15% of its net assets in companies whose securities may have legal or contractual restrictions on resale or are otherwise illiquid.
The Funds investment adviser, Eventide Asset Management, LLC (Eventide or the Adviser), utilizes a fundamental bottom-up analysis to evaluate investments for inclusion in the Funds portfolio. The Adviser seeks to invest in attractively valued securities that, in its opinion, represent above-average long-term investment opportunities or have significant near-term appreciation potential. The Adviser favors investments that it believes will have relatively low correlation or volatility to the overall market. The Adviser seeks to invest in securities that, in its opinion, are attractively valued, provide attractive current income, provide income appreciation potential, provide capital appreciation potential, and/or help to reduce overall portfolio volatility.
The Adviser may use options, such as puts or calls on individual securities, as well as options on securities indices, to enhance returns, generate income, to reduce portfolio volatility, or to reduce downside risk when the Adviser believes prudent. To enhance income, the Adviser has the ability to sell call options on stocks held in the portfolio (covered call writing). In exchange for the option premium received, the Fund gives up potential upside in the underlying stock. The Adviser also has the ability to write put options on stocks deemed to be attractive purchases at lower price levels. The Adviser may also utilize a combination of puts and/or calls regarding the same security (sometimes referred to as straddles, collars or spreads) or utilize puts and calls on related securities.
The Adviser has retained Boyd Watterson Asset Management, LLC (the Sub-Adviser) to manage some of the Funds assets allocated for investment in the fixed income portion of the Funds portfolio. In selecting securities for investment by the Fund, the Sub-Adviser employs a top-down approach to determine how to structure the bond allocation taking into consideration duration, maturity, and sector allocation. The Sub-Adviser then initiates a process of security analysis based on several factors including, but not limited to, economic trends, industry assessments and issuer specific credit fundamentals.
Eventide uses its values-based screening process to analyze all potential investments for the companys ability to operate with integrity and create value for customers, employees, and other stakeholders by reflecting the values described below. Eventides 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 Advisers 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 Funds eligible investment universe. Securities are generally ineligible for purchase within the Funds portfolio unless the Adviser believes that the values-based screens are met. The Advisers 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 Advisers 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 companys 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 Advisers 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 or Sub-Adviser believes that they no longer represent relatively attractive investment opportunities or when the Adviser believes the underlying company is no longer consistent with the Advisers values.
Distribution Policy. The Funds distribution policy is to make approximately twelve distributions to shareholders per calendar year. The frequency of distributions is based on the availability of distributable income and the investment needs of the Fund. The level of periodic distributions (including any return of capital) is not fixed and is not designed to generate, and is not expected to result in, distributions that equal a fixed percentage of the Funds current net asset value per share. Shareholders receiving periodic payments from the Fund may be under the impression that they are receiving net profits. However, all or a portion of a distribution may consist of a return of capital. Shareholders should not assume that the Funds distribution rate or the source of a distribution from the Fund is net profit. For more information about the Funds distribution policy, please turn to Additional Information About Each Funds Principal Investment Strategies and Related Risks – Principal Investment Strategies - Distribution Policy and Goals.
ETIMX - Performance
Return Ranking - Trailing
Period | ETIMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.7% | -0.9% | 26.1% | 30.91% |
1 Yr | 17.8% | -5.9% | 45.8% | 44.48% |
3 Yr | 4.0%* | -5.8% | 8.6% | 38.72% |
5 Yr | 8.9%* | -4.1% | 15.9% | 19.78% |
10 Yr | N/A* | 0.7% | 10.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | ETIMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.2% | -12.2% | 23.9% | 53.65% |
2022 | -17.6% | -34.7% | 2.8% | 41.03% |
2021 | 9.7% | -11.9% | 18.1% | 20.06% |
2020 | 15.7% | -20.9% | 39.7% | 4.02% |
2019 | 16.3% | 0.8% | 25.7% | 23.05% |
Total Return Ranking - Trailing
Period | ETIMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.7% | -0.9% | 26.1% | 30.91% |
1 Yr | 17.8% | -5.9% | 45.8% | 44.48% |
3 Yr | 4.0%* | -5.8% | 8.6% | 38.72% |
5 Yr | 8.9%* | -4.1% | 15.9% | 19.78% |
10 Yr | N/A* | 0.7% | 10.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | ETIMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.1% | -12.2% | 26.8% | 71.07% |
2022 | -15.3% | -29.0% | 10.9% | 54.84% |
2021 | 16.3% | -3.0% | 24.2% | 16.52% |
2020 | 18.4% | -19.5% | 40.6% | 9.27% |
2019 | 19.9% | 4.4% | 32.7% | 44.52% |
NAV & Total Return History
ETIMX - Holdings
Concentration Analysis
ETIMX | Category Low | Category High | ETIMX % Rank | |
---|---|---|---|---|
Net Assets | 358 M | 733 K | 195 B | 69.56% |
Number of Holdings | 153 | 2 | 15716 | 39.39% |
Net Assets in Top 10 | 77 M | 618 K | 62.8 B | 78.22% |
Weighting of Top 10 | 22.38% | 11.4% | 118.9% | 85.71% |
Top 10 Holdings
- TRANE TECHNOLOGI 2.74%
- NVENT ELECTRIC 2.71%
- KLA CORP 2.64%
- CDW CORP/DE 2.61%
- ROPER TECHNOLOGI 2.50%
- FERGUSON PLC 2.00%
- SHERWIN-WILLIAMS 1.89%
- ARTHUR J GALLAGH 1.78%
- OLD DOMINION FRT 1.77%
- LITHIA MOTORS-A 1.74%
Asset Allocation
Weighting | Return Low | Return High | ETIMX % Rank | |
---|---|---|---|---|
Bonds | 48.58% | 0.00% | 77.27% | 7.49% |
Stocks | 47.85% | 0.00% | 103.09% | 85.30% |
Convertible Bonds | 5.41% | 0.00% | 23.84% | 5.03% |
Other | 2.11% | -41.62% | 117.44% | 14.70% |
Cash | 1.46% | -10.21% | 100.00% | 52.01% |
Preferred Stocks | 0.00% | 0.00% | 23.88% | 78.64% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ETIMX % Rank | |
---|---|---|---|---|
Industrials | 19.49% | 0.00% | 24.37% | 2.10% |
Real Estate | 18.64% | 0.00% | 65.01% | 3.08% |
Utilities | 14.28% | 0.00% | 99.55% | 2.80% |
Financial Services | 11.87% | 0.00% | 38.77% | 86.69% |
Healthcare | 9.34% | 0.00% | 29.35% | 87.68% |
Technology | 9.25% | 0.00% | 44.21% | 92.30% |
Energy | 8.83% | 0.00% | 85.65% | 10.08% |
Basic Materials | 3.54% | 0.00% | 33.35% | 66.11% |
Consumer Cyclical | 3.46% | 0.00% | 19.36% | 92.30% |
Consumer Defense | 1.31% | 0.00% | 15.14% | 96.64% |
Communication Services | 0.00% | 0.00% | 38.10% | 98.60% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ETIMX % Rank | |
---|---|---|---|---|
US | 47.85% | 0.00% | 103.09% | 81.14% |
Non US | 0.00% | 0.00% | 38.68% | 80.17% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ETIMX % Rank | |
---|---|---|---|---|
Corporate | 62.87% | 0.00% | 98.21% | 11.45% |
Securitized | 18.25% | 0.00% | 92.13% | 47.77% |
Government | 9.66% | 0.00% | 97.26% | 84.08% |
Municipal | 2.85% | 0.00% | 24.80% | 5.31% |
Cash & Equivalents | 1.14% | 0.00% | 100.00% | 48.96% |
Derivative | 0.00% | -3.07% | 46.02% | 65.74% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ETIMX % Rank | |
---|---|---|---|---|
US | 48.58% | 0.00% | 77.27% | 6.93% |
Non US | 0.00% | 0.00% | 14.17% | 77.12% |
ETIMX - Expenses
Operational Fees
ETIMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.90% | 0.03% | 17.63% | 59.31% |
Management Fee | 0.60% | 0.00% | 1.83% | 73.00% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 10.93% |
Administrative Fee | N/A | 0.01% | 0.83% | 51.81% |
Sales Fees
ETIMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
ETIMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
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.
ETIMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 73.00% | 0.00% | 343.00% | 76.74% |
ETIMX - Distributions
Dividend Yield Analysis
ETIMX | Category Low | Category High | ETIMX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.66% | 0.00% | 15.61% | 74.52% |
Dividend Distribution Analysis
ETIMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Annual |
Net Income Ratio Analysis
ETIMX | Category Low | Category High | ETIMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.81% | -2.34% | 19.41% | 67.42% |
Capital Gain Distribution Analysis
ETIMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Quarterly | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.023 | OrdinaryDividend |
Feb 29, 2024 | $0.019 | OrdinaryDividend |
Jan 31, 2024 | $0.016 | OrdinaryDividend |
Dec 29, 2023 | $0.006 | OrdinaryDividend |
Nov 30, 2023 | $0.024 | OrdinaryDividend |
Oct 31, 2023 | $0.018 | OrdinaryDividend |
Sep 29, 2023 | $0.018 | OrdinaryDividend |
Aug 31, 2023 | $0.009 | OrdinaryDividend |
Jul 31, 2023 | $0.018 | OrdinaryDividend |
Jun 30, 2023 | $0.020 | OrdinaryDividend |
May 31, 2023 | $0.018 | OrdinaryDividend |
Apr 28, 2023 | $0.019 | OrdinaryDividend |
Mar 31, 2023 | $0.023 | OrdinaryDividend |
Feb 28, 2023 | $0.016 | OrdinaryDividend |
Jan 31, 2023 | $0.014 | OrdinaryDividend |
Dec 30, 2022 | $0.021 | OrdinaryDividend |
Nov 30, 2022 | $0.018 | OrdinaryDividend |
Oct 31, 2022 | $0.018 | OrdinaryDividend |
Sep 30, 2022 | $0.017 | OrdinaryDividend |
Aug 31, 2022 | $0.019 | OrdinaryDividend |
Jul 29, 2022 | $0.017 | OrdinaryDividend |
Jun 30, 2022 | $0.022 | OrdinaryDividend |
May 31, 2022 | $0.018 | OrdinaryDividend |
Apr 29, 2022 | $0.024 | OrdinaryDividend |
Mar 31, 2022 | $0.024 | OrdinaryDividend |
Feb 28, 2022 | $0.019 | OrdinaryDividend |
Jan 31, 2022 | $0.016 | OrdinaryDividend |
Dec 30, 2021 | $0.019 | OrdinaryDividend |
Nov 29, 2021 | $0.018 | OrdinaryDividend |
Oct 28, 2021 | $0.021 | OrdinaryDividend |
Sep 29, 2021 | $0.027 | OrdinaryDividend |
Aug 30, 2021 | $0.018 | OrdinaryDividend |
Jul 29, 2021 | $0.016 | OrdinaryDividend |
Jun 29, 2021 | $0.017 | OrdinaryDividend |
May 27, 2021 | $0.018 | OrdinaryDividend |
Apr 29, 2021 | $0.019 | OrdinaryDividend |
Mar 30, 2021 | $0.020 | OrdinaryDividend |
Feb 25, 2021 | $0.014 | OrdinaryDividend |
Jan 28, 2021 | $0.016 | OrdinaryDividend |
Nov 27, 2020 | $0.018 | OrdinaryDividend |
Oct 29, 2020 | $0.022 | OrdinaryDividend |
Sep 29, 2020 | $0.028 | OrdinaryDividend |
Aug 31, 2020 | $0.016 | OrdinaryDividend |
Jul 30, 2020 | $0.020 | OrdinaryDividend |
Jun 29, 2020 | $0.025 | OrdinaryDividend |
May 28, 2020 | $0.023 | OrdinaryDividend |
Apr 29, 2020 | $0.026 | OrdinaryDividend |
Mar 30, 2020 | $0.028 | OrdinaryDividend |
Jan 30, 2020 | $0.022 | OrdinaryDividend |
Dec 27, 2019 | $0.018 | OrdinaryDividend |
Nov 27, 2019 | $0.019 | OrdinaryDividend |
Oct 30, 2019 | $0.031 | OrdinaryDividend |
Sep 27, 2019 | $0.031 | OrdinaryDividend |
Aug 29, 2019 | $0.031 | OrdinaryDividend |
Jul 30, 2019 | $0.024 | OrdinaryDividend |
Jun 27, 2019 | $0.029 | OrdinaryDividend |
May 30, 2019 | $0.022 | OrdinaryDividend |
Apr 29, 2019 | $0.037 | OrdinaryDividend |
Mar 28, 2019 | $0.044 | OrdinaryDividend |
Feb 27, 2019 | $0.015 | OrdinaryDividend |
Jan 30, 2019 | $0.032 | OrdinaryDividend |
Dec 18, 2018 | $0.020 | OrdinaryDividend |
Nov 29, 2018 | $0.025 | OrdinaryDividend |
Oct 30, 2018 | $0.025 | OrdinaryDividend |
Sep 27, 2018 | $0.030 | OrdinaryDividend |
Aug 30, 2018 | $0.025 | OrdinaryDividend |
Jul 30, 2018 | $0.041 | OrdinaryDividend |
Jun 28, 2018 | $0.032 | OrdinaryDividend |
May 30, 2018 | $0.052 | OrdinaryDividend |
Apr 27, 2018 | $0.041 | OrdinaryDividend |
Mar 28, 2018 | $0.039 | OrdinaryDividend |
Feb 27, 2018 | $0.015 | OrdinaryDividend |
Jan 30, 2018 | $0.042 | OrdinaryDividend |
Nov 29, 2017 | $0.036 | OrdinaryDividend |
Oct 30, 2017 | $0.039 | OrdinaryDividend |
Sep 28, 2017 | $0.025 | OrdinaryDividend |
Aug 30, 2017 | $0.023 | OrdinaryDividend |
Jul 28, 2017 | $0.033 | OrdinaryDividend |
Jun 29, 2017 | $0.039 | OrdinaryDividend |
May 30, 2017 | $0.044 | OrdinaryDividend |
Apr 27, 2017 | $0.023 | OrdinaryDividend |
Mar 31, 2017 | $0.035 | OrdinaryDividend |
Feb 27, 2017 | $0.011 | OrdinaryDividend |
Jan 30, 2017 | $0.028 | OrdinaryDividend |
Dec 29, 2016 | $0.026 | OrdinaryDividend |
Nov 30, 2016 | $0.031 | OrdinaryDividend |
Oct 28, 2016 | $0.025 | OrdinaryDividend |
Sep 29, 2016 | $0.036 | OrdinaryDividend |
Aug 30, 2016 | $0.007 | OrdinaryDividend |
Jul 28, 2016 | $0.007 | OrdinaryDividend |
May 27, 2016 | $0.048 | OrdinaryDividend |
Apr 28, 2016 | $0.017 | OrdinaryDividend |
Mar 30, 2016 | $0.033 | OrdinaryDividend |
Feb 26, 2016 | $0.013 | OrdinaryDividend |
Jan 28, 2016 | $0.005 | OrdinaryDividend |
Dec 22, 2015 | $0.011 | OrdinaryDividend |
Nov 27, 2015 | $0.015 | OrdinaryDividend |
Oct 29, 2015 | $0.006 | OrdinaryDividend |
Sep 29, 2015 | $0.005 | OrdinaryDividend |
Aug 28, 2015 | $0.008 | OrdinaryDividend |
ETIMX - Fund Manager Analysis
Managers
David Dirk
Start Date
Tenure
Tenure Rank
Jul 15, 2015
6.88
6.9%
David M. Dirk, CFA, is Director of Portfolio Management and Trading. David joined Duff & Phelps Investment Management Co., predecessor to Boyd Watterson, in 1996. David 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 of Cleveland and CFA Institute.
Dolores Bamford
Start Date
Tenure
Tenure Rank
May 01, 2019
3.08
3.1%
Dolores Bamford, CFA, serves as Director of Investment Research and Portfolio Manager for the Eventide Multi-Asset Income Fund, the Eventide Dividend Opportunities Fund, the Eventide Limited-Term Bond Fund, and the Eventide Core Bond Fund. Ms. Bamford has over 25 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’s U.S. Responsible Equity investments and co-led the Global Sustain Equity investments. 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 S.M. in Management from the MIT Sloan School of Management, a dual-M.A. in Theology and Church History from Gordon-Conwell Theological Seminary, and a B.A. in Economics from Wellesley College. She is a CFA Charterholder and member of the Boston Society of Security Analysts.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 34.51 | 6.33 | 2.41 |