Eventide Gilead Fund Class A · NASDAQ:ETAGX
Eventide Gilead Fund Class A — Investor Presentation (December 2023)
38 slides from Eventide Gilead Fund Class A's investor presentation, Dec 31, 2023
Slide 1: Eventide Gilead Fund Q4 2023 Presentation
Eventide Gilead Fund Q4 2023 Presentation For use during Q1 2024 | © Eventide Asset Management, LLC. 1
Slide 2: Eventide company overview: vision, funds and AUM
Founded: 2008 Headquarters: Boston, MA Vision: To serve individuals, financial advisors, and institutions by offering high performance investments that create compelling value for the global common good. Funds: • Eventide Gilead Fund • Eventide Balanced Fund • Eventide Healthcare & Life Sciences Fun
Slide 3: Eventide Gilead Fund
Eventide Gilead Fund Objective A: ETAGX | C: ETCGX | I: ETILX | N: ETGLX Seeks to provide long-term capital appreciation. About the Fund A diversified mutual fund representing our “best ideas” for long-term capital appreciation. Historical emphases in small- and mid-cap growth, Healthcare and Inform
Slide 4: Eventide Distinctives
Eventide Distinctives Themes of Human Flourishing Seeking to invest in companies positioned to participate in long-term secular investment themes that serve important human needs. Creating Compelling Value for Society and the Global Common Good Focused on identifying and investing in companies capab
Slide 5: Fund Distinctives
Fund Distinctives A Thematic Approach Seeking to invest in companies best positioned to participate in long-term secular investment themes. Designed as a Less-Correlated Source of Return Portfolio is constructed with goals of high internal diversification and low market correlation. Flexibility Amon
Slide 6: Portfolio Management
Portfolio Management Finny Kuruvilla, MD, PhD Anant Goel Co-CIO, Senior Portfolio Manager Portfolio Manager, Senior Research Analyst Dr. Kuruvilla serves as a Co-Chief Investment Officer, Senior Portfolio Manager for the Mr. Goel serves as the Portfolio Manager for Eventide Gilead Fund and the Event
Slide 7: Investment Team
Investment Team Finny Kuruvilla, Dolores Anant Goel Chris Grogan, Andrew Singer, MD, PhD Bamford, CFA Portfolio Manager, CFA CFA Co-CIO, Senior Co-CIO, Senior Senior Research Director of Portfolio Manager, Portfolio Manager Portfolio Manager Analyst Investment Senior Research Consulting, Portfolio A
Slide 8: Trading Team
Trading Team Colin Delaney Conor Kelly Head of Trading, Portfolio Trader Specialist For informational purposes only. As of 12/31/2023. For use during Q1 2024 | © Eventide Asset Management, LLC. 8
Slide 9: Business 360 Research Team
Business 360® Research Team Tyler Frugia Brock Treworgy, Chief CAMS, CFE Information Business 360 Officer, Director Research of Business 360 Manager Abel Ballew Jaime Joshua Business 360 Business 360 Research Research Analyst Analyst For informational purposes only. As of 12/31/2023. For use during
Slide 10: Investment Philosophy
Investment Philosophy We believe high-quality companies that excel at creating value for others and trade at a discount to intrinsic value offer superior long-term risk-adjusted returns. The Adviser's judgment about the quality and intrinsic value of companies may prove to be incorrect. There is no
Slide 11: Investment Process
Investment Process FINANCIAL A N A LY S I S RISK MANAGEMENT Look for companies with long- term financial strength by Construct portfolio with analyzing historical financial goals of high internal IDEA performance and modeling diversification and low EVENTIDE VA L U AT I O N market correlation. G E N
Slide 12: Idea Generation
Idea Generation Start with themes, then identify companies we believe are best positioned for participation • Understand the big picture of industries. • Discern attractive long-term secular investment themes. • Leverage consultants, industry experts, Key Opinion Leaders. • Review industry specific
Slide 13: Investment Themes
Investment Themes Seeking to invest in companies positioned at the nexus of long- term secular growth themes and important human needs. These are representative examples of themes in the Eventide Funds. We refer to long-term secular investment themes as those that tend to be persistent through marke
Slide 14: Qualitative Analysis
Qualitative Analysis Look for “high-quality” companies, which we believe to have: The Adviser’s judgment about the quality of a particular company may prove to be incorrect. There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses. For use dur
Slide 15: Our Research Framework: Business 360
Our Research Framework: Business 360® Our proprietary framework for evaluating both a company’s long-term competitive advantage and its impact on human flourishing by analyzing its operations and strategy through the lens of key stakeholders. Reference to Eventide’s Business 360® approach is provide
Slide 16: We believe what's right is also smart
We believe K/1 what’s right… …is also smart. S H A R E H O L D E RS Companies that place a EM premium on: ER S PL O Tend to have: M Y O EE ST S CU • Customer satisfaction • Higher customer loyalty • Employee morale • Higher productivity • Supplier partnership • Resilient supply chains • Societal imp
Slide 17: Financial Analysis
Financial Analysis Look for companies with long-term financial strength QUALITIES: ✔ Return on Invested Capital that is high and increasing ✔ Strong Balance Sheet ✔ Revenue and Earnings growth that is consistent and repeatable ✔ Strong Free Cash Flow ✔ Pricing power ✔ Operating Margins that are high
Slide 18: Valuation Analysis
Valuation Analysis Look for companies with attractive value and potential • Measure intrinsic value through Discounted Cash Flow (DCF) analysis. We believe the best way to measure the • Build DCF model using forecast assumptions and intrinsic value of a company is with then probability-adjust the ca
Slide 19: Macro Positioning
Macro Positioning Position portfolio according to our macro views • Establish macro views by synthesizing three key data streams: • Leading economic indicators • Valuation • Sentiment • Position portfolio using cash and other tools to allow stock selection on fundamental grounds to mesh with our mac
Slide 20: Portfolio Construction: Risk management
Portfolio Construction Risk management • Construct portfolio with goals of high internal diversification and low market correlation. • Actively target position sizes (typically ranging from 1-5%) for optimal risk/reward both at the security- and portfolio-level. There is no guarantee that the Advise
Slide 21: Portfolio Construction: Ongoing evaluation
Portfolio Construction Ongoing evaluation • Portfolio represents our “best ideas,” approximately 60–75 companies. • Devote approximately 50% of investment team time to actively monitoring portfolio holdings, scrutinizing investment case, and building conviction through circling diligence. • Pay care
Slide 22: Sell Discipline
Sell Discipline Continuously scrutinize investment case • Investment thesis failure. • No longer meets Eventide’s Business 360® criteria. • Price target achieved. • Management transition or other concerns. • More attractive use of capital elsewhere. For informational purposes only. There is no guara
Slide 23: Composition
EGF Presentation Composition Composition A: ETAGX | C: ETCGX | I: ETILX | N: ETGLX Portfolio Composition1 (%) 31 Dec 2023 Sector Allocation4 (%) 31 Dec 2023 1. Market cap definitions are based on those used by Morningstar, where Giant-Cap are those companies that account for the top 40% of capitaliz
Slide 24: Growth of 10k
EGF Presentation RETURNS Growth of 10k A: ETAGX | C: ETCGX | I: ETILX | N: ETGLX Growth of $10,0001 8 Jul 2008–31 Dec 2023 1. This chart is for illustrative purposes and assumes that a $10,000 investment was made on the Fund’s inception date of 07/08/2008 and that Eventide Gilead Fund Class I Russel
Slide 25: Trailing Returns
EGF Presentation RETURNS Trailing Returns A: ETAGX | C: ETCGX | I: ETILX | N: ETGLX Trailing Returns1 (%) 31 Dec 2023 1. The returns shown do not reflect the deduction of taxes that a shareholder Eventide Gilead Fund YTD 3-mos 1-year 3-year2 5-year2 10-year2 Since Inception2 Inception Date2 would pa
Slide 26: Calendar Year Returns
EGF Presentation RETURNS Calendar Year Returns A: ETAGX | C: ETCGX | I: ETILX | N: ETGLX Calendar Year Returns1 (%) 2014–2023 1. Compares the Eventide Gilead Fund Class I’s performance to index 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 performance over the periods shown. Performance will dif
Slide 27: Market Risk
EGF Presentation Market Risk Market Risk A: ETAGX | C: ETCGX | I: ETILX | N: ETGLX Market Risk1 31 Dec 2023 1. Source: © Morningstar, Inc. (2024). All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content pro- Std. Dev. Beta Alpha (%) R-Squared (%) 3
Slide 28: Morningstar Ratings
EGF Presentation Morningstar ratings - overall Morningstar Ratings 1. Eventide Gilead I class was rated 4 stars against 395 US Mid-Cap Growth funds for the 10 Yr period, 3 stars against 492 Overall Morningstar Rating™ US Mid-Cap Growth funds for the 5 Yr period, and 2 stars against 523 US Mid-Cap Gr
Slide 29: Morningstar Ratings: Sustainability
EGF Presentation Morningstar ratings - Sustainability Morningstar Ratings US Fund Mid-Cap Growth (1593 funds) accidents, fraud, or discriminatory behavior. The Morningstar Sustainability Rating is then assigned to all scored funds within Morningstar as of November 30, 2023 Categories in which at lea
Slide 30: Morningstar Rankings
EGF Presentation Morningstar ratings - Returns Morningstar Rankings Morningstar percentile rankings pertain to the I share class only. Prior to Q4 2020, Class N shares were displayed. Top 36% 1yr returns (553 funds) Rankings are subject to change and may differ for other share classes based on fees
Slide 31: Refinitiv Lipper
EGF Presentation Lipper Refinitiv Lipper Past performance is no guarantee of future results. The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Li
Slide 32: Important Information
Important Information Mutual funds involve risk including the possible loss of principal. Past performance does not guarantee future results. Mutual funds involve risk including the possible loss of principal. Past performance does not guarantee future results. The Fund’s ethical values screening cr
Slide 33: Appendix
Appendix For use during Q1 2024 | © Eventide Asset Management, LLC. 33
Slide 34: Investment Ideals
Investment Ideals We seek investment ✔ We believe in respecting the life and dignity of all people. This means we invest in areas that honor life, opportunities that like treatments seeking to address challenging diseases. This also means we seek to avoid profiting from reflect these ideals: anythin
Slide 35: Values-Based Analysis
Values-Based Analysis There are three dimensions to our approach to values-based investing: AV O I D EMBRACE ENGAGE Create an investable Conduct original Business 360® research Engage portfolio companies and universe of securities that to find the highest quality opportunities that security issuers
Slide 36: Sales Team
Sales Team Mark Wambolt Michael Jeff Cave, Lans Slack Greg Gunter Head of Advisor Schnackenberg CIMA® Senior Regional Regional Sales Head of Director of Director, Mid- Director, Institutional Institutional Atlantic Region Southeast Sales Markets, Region Northeast Region Joseph Reedy Jacob Seif, Colb
Slide 37: Investment Consulting Group
Investment Consulting Group Chris Grogan, Fred Ge, CFA Robert Carney CFA Senior Portfolio Senior Manager, Director of Consultant Institutional Investment Services Consulting, Portfolio Manager For informational purposes only. As of 12/31/2023. For use during Q1 2024 | © Eventide Asset Management, LL
Slide 38: Eventide Asset Management, LLC
Eventide Asset Management, LLC | One International Place, Ste. 4210 | Boston, MA 02110 | 877-771-EVEN (3836) For use during Q1 2024 | © Eventide Asset Management, LLC. | 5126-NLD-1/31/2024 38
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