Fund Evaluator:
Eventide Exponential Technologies N (ETNEX)
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Best Performing in Technology Over the Last Year
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Fund Details
Eventide Exponential Technologies N Overview
Eventide Exponential Technologies N (ETNEX) is an actively managed Sector Equity Technology fund. Eventide Funds launched the fund in 2020.
The investment seeks to provide long-term capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in companies that the Adviser believes are participating in and benefitting from technologies, innovations, technology themes, or technology trends. The fund may invest in private and other companies whose securities may have legal or contractual restrictions on resale or are otherwise illiquid. It is non-diversified.
About Eventide Exponential Technologies N (ETNEX)
There are 2 members of the management team with an average tenure of 1.48 years: Finny Kuruvilla (2024), Darric White (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US 3000 Equal Weight TR USD index with a weighting of 100% and Bloomberg US 2500 Technology TR USD index with a weighting of 100%. Eventide Exponential Technologies N has 53 securities in its portfolio. The top 10 holdings constitute 38.4% 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 Exponential Technologies N is part of the Equity global asset class and is within the Sector Equity fund group. Eventide Exponential Technologies N has 11.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 80.6%. There is 11.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 1.0% (1.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Eventide Exponential Technologies N has 6.9% of the portfolio in cash.
Assets Under Management
The fund has $15 million in total assets, which is below the $1 billion average for the Technology 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.
ETNEX 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 Exponential Technologies N expense ratio is high compared to funds in the Technology category. Eventide Exponential Technologies N has an expense ratio of 1.55%, which is 26% 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 Exponential Technologies N has a portfolio turnover rate of 126%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Technology category.
Recently, in the month of June 2026, Eventide Exponential Technologies N returned 8.5%, which earned it a grade of A, as the Technology category had an average return of 1.9%. 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 Exponential Technologies N has a trailing yield of 0.00%, which is below the 0.05% category average. The fund normally distributes its income 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 Exponential Technologies N Grades
Year to date, the fund has returned 29.5%, 4.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 38.9% over the past year (grade of D), 16.0% over the past three years (grade of F) and -0.1% per year over the past five years (grade of F).
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ETNEX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ETNEX Return (NAV) | 8.5% | 46.6% | 38.9% | 16.0% | -0.1% | na |
| ETNEX Grade | A | B | D | F | F | na |
| +/- Category | 6.6% | 5.9% | -14.9% | -16.9% | -15.0% | na |
| Technology Avg | 1.9% | 40.7% | 53.8% | 32.9% | 14.8% | 22.8% |
| ETNEX Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.1% | na |
ETNEX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ETNEX Return (NAV) | 29.5% | 8.7% | 2.3% | 31.6% | -45.1% | 15.4% | na | na | na | na | na |
| ETNEX Grade | C | F | F | F | F | C | na | na | na | na | na |
| +/- Category | -4.1% | -16.0% | -26.0% | -18.0% | -6.9% | -1.8% | na | na | na | na | na |
| Technology Avg | 33.6% | 24.7% | 28.3% | 49.6% | -38.2% | 17.2% | 56.9% | 41.2% | -3.9% | 37.4% | 10.8% |
| Risk Measures | |
| Standard Deviation: | 24.7% |
| Total Risk Index: | 2.03 - High |
| Category Risk Index: | 1.02 - Above Average |
| Category Risk Grade: | D (68% Rank) |
| Beta: | 1.56 |
| R-Squared: | 63% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $105 Mil |
| Fund Total Assets: | $ 16 Mil |
| Share Class Type: | N |
| Portfolio Turnover: | 126% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.0 years | |||
| Average Tenure: 1.5 years | |||
| Managers (Year): Kuruvilla Finny (2024), White Darric (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 53 |
| % in Top 10 Holdings: | 38.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 11.5% |
Portfolio Allocation |
|
| Domestic Stock: | 80.6% |
| Foreign Stock: | 11.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 1.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 6.9% |
Purchase Information
| Fund Family: | Eventide Funds |
| Phone Number: | 877-771-3836 |
| Website: |
| Status: | Open |
| Inception Date: | June 30, 2020 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.20% |
Expenses and Fees | |
| Expense Ratio (%): | 1.55% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.23% |
| Share Class: | Eventide Exponential Technologies I |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
