Eventide High Dividend ETF
Ticker: ELCV
Fund Objective
The Fund's investment objective is to seek income, income growth, and long-term capital appreciation.
Investment Strategy
The Eventide High Dividend ETF (the “Fund” or “ELCV”) seeks to provide a high dividend yield by investing in companies that we believe are resilient, offer attractive dividend yields, and serve their stakeholders well.
The Fund seeks to invest in companies providing long-term solutions necessary to human flourishing, while also delivering robust and stable dividend yields. Given this, the strategy invests in areas of the market offering attractive yield, including sectors like energy, utilities, industrials, technology, infrastructure, and real estate.
The number of holdings will likely range from approximately 30 to 50, resulting in a high-conviction portfolio of high-quality, dividend-paying companies across a variety of sectors.
Fund Information
- BenchmarkBloomberg US 1000 Value Total Return Index
- Inception DateSeptember 30, 2024
- Expense Ratio0.49%
- DistributorForeside Fund Services, LLC
Trading Statistics
Premium or Discount to NAV
Performance
| 1 YEAR | 5 YEAR | 10 YEAR | Since Inception | |
|---|---|---|---|---|
NAV | - | - | - | - |
Market Price | - | - | - | - |
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.
Number of days summary
2024 | Q1 2025 | |||
|---|---|---|---|---|
| Days Traded at Premium | 62 | 11 | ||
| Days Traded at Discount | 2 | 0 |
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 | Description | Weight |
|---|---|---|
| WMB | WILLIAMS COMPANIES INC. | 6.73 |
| ENB | ENBRIDGE INC | 5.63 |
| OKE | ONEOK INC | 4.96 |
| HD | HOME DEPOT INC | 4.74 |
| SO | THE SOUTHERN COMPANY | 4.38 |
| HBAN | HUNTINGTON BANCSHARES INC | 4.10 |
| ETR | ENTERGY CORP | 4.09 |
| FHN | FIRST HORIZON NATIONAL CORP | 4.00 |
| PEG | PUBLIC SERVICE ENTERPRISE GP | 3.82 |
| TRGP | TARGA RESOURCES CORP. | 3.29 |
Holdings are as of the date shown and are subject to change.
Investment Team
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 Income Strategies and is Co-Portfolio Manager for Eventide’s Large Cap 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.
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 High Dividend ETF is distributed by Foreside Fund Services, LLC (“Foreside”). Foreside is a separate entity from, and not affiliated with, Eventide.