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The fund is an actively managed US‐domiciled ETF managed by Eventide Asset Management, LLC with the objective of long-term capital appreciation. It pursues this by investing primarily in equity securities of large‐capitalization companies using a fundamental "bottom-up" analysis. In addition, the adviser applies faith-based screening criteria, assessing companies on values related to customers, employees, suppliers, communities, the environment, and broader social impact.
Under normal market conditions, the fund invests at least 80% of its net assets in large capitalization companies, defined as those whose market capitalizations at the time of purchase fall within the range of companies in the S&P 500 Index. It may include securities such as common stocks (including ADRs), REITs, convertible bonds, preferred stocks and master limited partnerships ("MLPs") and may invest without limitation in companies domiciled outside the United States. Sector concentration is possible, with particular allowance for software and semiconductors being significant areas of focus.
The fund maintains a diversified yet concentrated portfolio typically holding 25-50 companies and reports a high active share relative to standard large cap benchmarks. It is long-only in its equity exposure. The structure incorporates faith-based screens in its eligible investment universe, and the adviser may engage with companies when there are changes in their practices that could conflict with the values criteria. The fund also may use options strategies (e.g. puts, covered calls) in certain situations to generate income, reduce volatility, or protect against downside risk when deemed necessary.
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This share class is accumulating: income is reinvested, and no cash dividends are paid.
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