Eventide Exponential Technologies Fund (ETIEX)
The fund primarily invests in technology-focused companies that it believes are benefitting from technological advancements. It may also invest in private or illiquid securities.
Fund Info
| Issuer | Eventide Funds |
|---|---|
| Inception Date | Jun 29, 2020 |
| Category | Technology Equities |
| Min. Investment | $100,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
ETIEX has a high expense ratio of 1.43%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ETIEX vs. ETIDX, ETIEX vs. XLK, ETIEX vs. BUG, ETIEX vs. VTI, ETIEX vs. INDS, ETIEX vs. BOTZ, ETIEX vs. WCBR, ETIEX vs. FDLS, ETIEX vs. ETILX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eventide Exponential Technologies Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Eventide Exponential Technologies Fund had a return of 1.30% year-to-date (YTD) and 16.21% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.30% | 25.48% |
| 1 month | 6.00% | 2.14% |
| 6 months | 6.00% | 12.76% |
| 1 year | 16.21% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of ETIEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.15% | 1.89% | -1.85% | -7.02% | -3.09% | 1.17% | -1.49% | 2.61% | -0.08% | -0.57% | 1.30% | ||
| 2023 | 11.69% | -1.90% | 1.66% | -4.16% | 7.93% | 5.69% | 6.87% | -4.42% | -7.54% | -9.11% | 15.43% | 9.36% | 31.96% |
| 2022 | -17.03% | 1.20% | 0.79% | -15.86% | -7.94% | -7.19% | 9.85% | 0.83% | -8.72% | -0.63% | -3.81% | -6.42% | -44.98% |
| 2021 | 2.59% | 12.46% | -8.06% | 5.97% | -4.11% | 12.27% | -0.47% | 4.31% | -5.44% | 3.84% | -3.59% | -4.04% | 14.11% |
| 2020 | 6.70% | 15.00% | 2.28% | 0.08% | 16.88% | 7.63% | 58.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ETIEX is 7, indicating that it is in the bottom 7% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eventide Exponential Technologies Fund (ETIEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Eventide Exponential Technologies Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Eventide Exponential Technologies Fund was 54.41%, occurring on Dec 28, 2022. The portfolio has not yet recovered.
The current Eventide Exponential Technologies Fund drawdown is 36.37%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -54.41% | Nov 17, 2021 | 280 | Dec 28, 2022 | — | — | — |
| -24.22% | Feb 22, 2021 | 58 | May 13, 2021 | 74 | Aug 27, 2021 | 132 |
| -13.59% | Sep 2, 2020 | 4 | Sep 8, 2020 | 17 | Oct 1, 2020 | 21 |
| -11.47% | Sep 7, 2021 | 25 | Oct 11, 2021 | 21 | Nov 9, 2021 | 46 |
| -10.71% | Oct 14, 2020 | 14 | Nov 2, 2020 | 4 | Nov 6, 2020 | 18 |
Volatility
Volatility Chart
The current Eventide Exponential Technologies Fund volatility is 6.44%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.