Fund Evaluator:

Eventide Large Cap Focus N Overview

Eventide Large Cap Focus N (ETLNX) is an actively managed U.S. Equity Large Blend fund. Eventide Funds launched the fund in 2022.

The investment seeks to provide long-term capital appreciation. The fund seeks to achieve its investment objective by primarily investing in a broad range of equity securities of large capitalization companies. Under normal market conditions, the fund invests at least 80% of its net assets in large capitalization companies. It may invest without limitation in securities in companies domiciled outside the United States either directly or through ADRs. The fund is non-diversified.

About Eventide Large Cap Focus N (ETLNX)

There are 2 members of the management team with an average tenure of 3.17 years: Andrew Singer (2022), Dolores Bamford (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Eventide Large Cap Focus N has 52 securities in its portfolio. The top 10 holdings constitute 44.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is considered to have an ESG focus with its investment selection and management.

Eventide Large Cap Focus N is part of the Equity global asset class and is within the U.S. Equity fund group. Eventide Large Cap Focus N has 4.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 92.8%. There is 4.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Eventide Large Cap Focus N has 2.7% of the portfolio in cash.

Assets Under Management

The fund has $9 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

ETLNX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Eventide Large Cap Focus N expense ratio is high compared to funds in the Large Blend category. Eventide Large Cap Focus N has an expense ratio of 1.14%, which is 40% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Eventide Large Cap Focus N has a portfolio turnover rate of 50%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, Eventide Large Cap Focus N returned -5.1%, which earned it a grade of F, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Eventide Large Cap Focus N has a trailing yield of 0.16%, which is below the 0.56% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Eventide Large Cap Focus N Grades

Year to date, the fund has returned 9.6%, 0.2 percentage points better than the category, which translates into a grade of C. The fund has returned 9.3% over the past year (grade of F) and 13.8% over the past three years (grade of F).

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