Eventide US Market ETF
Ticker: EUSM
Fund Objective
The Fund's investment objective is to seek long-term capital appreciation.
Investment Strategy
The Eventide US Market ETF (the “Fund”) is designed as a cost-effective core investment solution for values-driven investors seeking to participate in the U.S. equity market, while adhering to Eventide's investment values and Business 360® framework.
All companies in the Fund are evaluated through Business 360®, which is 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 internal web scraping. Before being selected for the Fund, companies must pass this quantitative screening process, as well as undergo an in-depth 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.
This Fund was built to help bridge the gap for passive investors who wish to invest with uncompromising values, but with lower fees and potential tracking error than many other available values-based investment offerings.
Fund Information
- BenchmarkBloomberg US 3000 Index
- Inception DateDecember 17, 2024
- Expense Ratio0.39%
- 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 | ||||
|---|---|---|---|---|
| Days Traded at Premium | 4 | |||
| Days Traded at Discount | 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 |
|---|---|---|
| NVDA | NVIDIA CORP | 6.14 |
| AVGO | BROADCOM INC. | 2.46 |
| HD | HOME DEPOT INC | 1.60 |
| LLY | ELI LILLY & CO | 1.56 |
| AXP | AMERICAN EXPRESS CO | 1.27 |
| NOW | SERVICENOW INC | 1.24 |
| PGR | PROGRESSIVE CORP | 1.22 |
| SO | THE SOUTHERN COMPANY | 1.15 |
| UNP | UNION PACIFIC CORP | 1.15 |
| SPGI | S&P GLOBAL INC | 1.14 |
Holdings are as of the date shown and are subject to change.
Investment Team
Chris Grogan, CFA, serves as Director of Investment Consulting for Eventide, Portfolio Manager for Eventide's Fixed-Income Strategies, and Co-Portfolio Manager for Eventide's US Equity Market Strategy.
Mr. Grogan has over 10 years of investment experience. Prior to joining Eventide in 2019, Mr. Grogan was an Associate Portfolio Manager with Boston Advisors, LLC. In this role, he was tasked with conducting asset allocation strategy, equity portfolio management, fixed income portfolio management, open architecture due diligence, and building custom portfolio solutions using both internal and third-party strategies. Before that, he was a Financial Planning Analyst with Raymond James.
Mr. Grogan has 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 serves as Chief Information Officer, Director of Business 360, and Co-Portfolio Manager for Eventide's US Equity Market Strategy. As Chief Information Officer, Tyler is responsible for developing and implementing the company's IT strategy, as well as ensuring alignment with the overall business goals and objectives. He oversees the management and operation of Eventide's IT systems and infrastructure; including data warehouse, networks, and proprietary software applications. Tyler also leads the development, implementation, and oversight of the Business 360 program at Eventide.
Prior to joining Eventide, 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 US Market ETF is distributed by Foreside Fund Services, LLC (“Foreside”). Foreside is a separate entity from, and not affiliated with, Eventide.