Large Cap Growth ETF
Net Asset Value
The net asset value (NAV) is the value of one share of the Fund as of the date listed. The NAV is the value of a Fund's assets, minus the value of its liabilities. NAV does not take into account any initial sales charges that may apply when shares are purchased or redemption charges when shares are sold. Because ETFs trade like stocks at current market prices, shareholders may pay more than the Fund's NAV when purchasing Fund shares and may receive less than the Fund's NAV when selling Fund shares.
NAV Daily Change ($)
Represents the change in net asset value since the prior business day.
NAV Daily Change (%)
Represents the change in net asset value since the prior business day.
Market Price
The official closing price as of the end of the business day noted, from the primary listing exchange. The primary listing exchange for the Fund is the NYSE Arca exchange.
Market Daily Change ($)
The change in official closing price from the primary listing exchange from the prior business day.
Market Daily Change (%)
The change in official closing price from the primary listing exchange from the prior business day.
Fund Objective
The Fund's investment objective is to seek long-term capital appreciation.
Investment Strategy
The Eventide Large Cap Growth ETF (the "Fund") is designed as a core investment solution for investors seeking to participate in the large-cap US equity market with a focus on growth while adhering to Eventide's investment values and Business 360® framework. The Fund invests at least 80% in the securities of large-cap companies, which the Fund considers to be companies with a market capitalization of $20 billion or greater.
All companies in the Fund are evaluated through Business 360®, Eventide's proprietary framework for assessing the moral quality of every potential investment. This process involves an initial screening of over 50 ethical issues based on data from multiple external vendors and reviews performed by Eventide’s internal research team. Before being selected for the Fund, companies must pass Eventide’s screening process, as well as undergo a qualitative review to determine if their products and practices are creating compelling value for all stakeholders. The Fund is then systematically constructed to seek optimal internal diversification and risk management, leveraging quantitative methods and tools. With differentiated holdings versus the benchmark, this is not passive indexing; rather, it is a faith-based alternative seeking cost-effective exposure to a broad market index.
This Fund was built to help bridge the gap for passive investors who wish to invest with uncompromising values in an active strategy with lower tracking error and fees than many other actively managed investment offerings. The Fund is not an index fund and the Adviser is not required to purchase any securities or specific amount of securities included in the Strategy Benchmark.
Fund information
Bloomberg US 1000 Growth Total Return Index provides exposure to companies with superior growth factor scores based on their earnings yield, valuation, dividend yield, and growth.
Trading statistics
The net asset value (NAV) is the value of one share of the Fund as of the date listed. The NAV is the value of a Fund's assets, minus the value of its liabilities. NAV does not take into account any initial sales charges that may apply when shares are purchased or redemption charges when shares are sold. Because ETFs trade like stocks at current market prices, shareholders may pay more than the Fund's NAV when purchasing Fund shares and may receive less than the Fund's NAV when selling Fund shares.
Represents the change in net asset value since the prior business day.
The official closing price as of the end of the business day noted, from the primary listing exchange. The primary listing exchange for the Fund is the NYSE Arca exchange.
The change in official closing price from the primary listing exchange from the prior business day.
Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the Fund in creation units. Brokerage commissions will reduce returns.
The ETF’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth. Rule 6c-11 specifies that this must be calculated by, a.) identifying the ETF’s national best bid and national best offer as of the end of each 10-second interval during each trading day of the last thirty (30) calendar days; b.) dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and c.) identifying the median of those values.
Premium/Discount to NAV
A premium or discount to the Fund’s net asset value (NAV) occurs when the market price of an ETF on the exchange rises above or falls below its NAV. If the market price is higher than the NAV, the ETF is said to be trading at a "premium." If the price is lower, it is trading at a "discount.” The table above describes market price vs. NAV at the close of trading on the exchange on which the Fund trades.
Performance
| Performance Category | YTD | 3-month | 1-year | 3-year | 5-year | Since Inception |
|---|---|---|---|---|---|---|
| Eventide Large Cap Growth ETF | ||||||
| Net Asset Value (NAV) | - | - | - | - | - | 0.32% |
| Market Price | - | - | - | - | - | 0.36% |
| Benchmark | ||||||
| Bloomberg US 1000 Growth Total Return Index | - | - | - | - | - | 0.36% |
The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. Returns of less than one year are not annualized. The Fund's NAV and Market price as of the current date are displayed above.
Shares of any ETF are bought and sold at market price of the ETF's primary exchange, NYSE Arca, and are not bought and sold at NAV. Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund's NAV when purchasing fund shares and may receive less than a fund's NAV when selling fund shares. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the Fund in creation units. Brokerage commissions will reduce returns. Performance data current to the most recent month-end may be obtained by calling 1-877-771-EVEN (3836).
Number of days summary
| Trading Status | 2025 Based on trading days for the calendar year noted, since the Funds's inception date | |||
|---|---|---|---|---|
| Days Traded at Premium | 15 | - | - | - |
| Days Traded at Discount | 3 | - | - | - |
A premium or discount to the Fund's net asset value (NAV) occurs when the market price of an ETF on the exchange rises above or falls below its NAV. If the market price is higher than the NAV, the ETF is said to be trading at a "premium." If the price is lower, it is trading at a "discount." The table above describes market price vs. NAV at the close of trading on the exchange on which the Fund trades.
| Ticker | Holding | Weight |
|---|---|---|
| NVDA | NVIDIA CORP | 10.16% |
| AVGO | BROADCOM INC. | 4.60% |
| CAT | CATERPILLAR INC | 3.07% |
| AXP | AMERICAN EXPRESS CO | 2.79% |
| SPGI | S&P GLOBAL INC | 2.65% |
| HD | HOME DEPOT INC | 2.57% |
| ANET | ARISTA NETWORKS INC | 2.52% |
| MCO | MOODYS CORPORATION | 2.51% |
| INTU | INTUIT INC | 2.40% |
| ORLY | OREILLY AUTOMOTIVE INC | 2.35% |
Holdings are as of the date shown and are subject to change.
Portfolio Managers
Chris Grogan, CFA
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, Large Cap Growth, Large Cap Value, and Small Cap Strategies, 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 holds 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.
Tyler Frugia
Portfolio Manager, Head of Portfolio Analytics
Tyler Frugia serves as Portfolio Manager and Head of Portfolio Analytics for Eventide. Mr. Frugia acts as Co-Portfolio Manager for Eventide’s US Equity Market, Large Cap Growth, Large Cap Value, and Small Cap Strategies. In his role as Head of Portfolio Analytics, Mr. Frugia works alongside Eventide’s Co-CIOs to design and build custom proprietary tools to provide unique investment insights. Mr. Frugia spearheads the development, implementation, and oversight of Eventide’s proprietary internal research tools and analytic environments. He also oversees Eventide’s Business 360® operations and helps ensure all investments meet Eventide’s investment ideals.
Prior to joining Eventide in 2015, Mr. Frugia worked for 8 years in the non-profit sector for a national foundation where he was responsible for building grant management systems and tools for measuring grant impact. Prior to that, he was a freelance programmer working in many different sectors, including industrial where he was responsible for building DEQ reporting systems.
Mr. Frugia holds a B.S. in Computer Science from Western Oregon University.
Eventide Asset Management, LLC (“Eventide”) is the investment adviser for the Fund. Investing in securities involves risk, including the possible loss of principal. There is no guarantee that any investment strategy will achieve its objective, generate profits, or avoid losses. Eventide's values-based approach to investment may not produce the desired results and could result in underperformance compared to other investments.
Investors should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. To obtain the Fund's prospectus, summary prospectus, and statement of additional information, which contain this and other information, please visit the literature section of this page or contact your financial representative. Please read the prospectus carefully before investing.
Investing involves risk including the possible loss of principal. Past performance does not guarantee future results. There is a risk that companies may discontinue paying dividends. The Fund is a new ETF with a limited history of operation for investors to evaluate. Investors who invest in American Depository Receipts (ADRs) could lose money by investing in markets with unstable currencies..
The Eventide Large Cap Growth ETF is distributed by Foreside Fund Services, LLC (“Foreside”). Foreside is a separate entity from, and not affiliated with, Eventide.