About ETNMX
Eventide Balanced Fund Class N is an actively managed open-end mutual fund in the moderate allocation category. Its stated objective is to seek current income while maintaining the potential for capital appreciation, employing broad flexibility across income-producing assets and equities to pursue that mandate. The portfolio blends mid-cap and large-cap stocks with fixed income securities exhibiting medium credit quality and moderate interest-rate sensitivity, aiming for a balanced risk profile. Equity sleeves often emphasize technology, industrials, and select financial services companies, complemented by cash and short-term instruments for liquidity. The fund incorporates a sustainability orientation, holding itself out as an ESG-focused strategy where environmental, social, and governance considerations are central to the investment process. Within its category, it is positioned as a diversified solution for investors seeking a single-fund approach to income and growth, with turnover and yield characteristics typical of balanced strategies. Morningstar notes fees as a relative headwind, placing costs in a higher quintile versus peers, which is a consideration in its overall assessment. Overall, the fund’s role is to provide a core balanced allocation combining income generation with long-term growth potential.
Fund Family Eventide Funds
Category Allocation--50% to 70% Equity
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol ETNMX
Share Class Class N
Index Russell MidCap TR
ETNMX had a total return of 4.92% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.37%.
