Eventide lowers fees on Multi-Asset Income Fund
BOSTON, March 16, 2020 /PRNewswire/ -- Eventide Asset Management, LLC, adviser to the Eventide Funds, today announced plans to lower fees for the Eventide Multi-Asset Income Fund (ETAMX, ETCMX, ETNMX, ETIMX).
Effective March 1, 2020, fees for the Eventide Multi-Asset Income Fund will change as follows:
- Management fees will drop from 73 basis points to 60 basis points.
- Total annual operating expenses will drop by 13 basis points across all share classes.
Eventide CEO, Robin John, commented on the change in fees: "We desire for our mission of promoting 'investing that makes the world rejoice®' to be accessible to as many investors as possible. Our Multi-Asset Income Fund gives investors a great opportunity to invest alongside their values in a mixture of equities and bonds. Lowering the fees on this fund should make it more accessible to more investors."
The Fund is available in four share classes: Class A (NASDAQ: ETAMX), Class C (NASDAQ: ETCMX), Class N (NASDAQ: ETNMX), and Class I (NASDAQ: ETIMX).
Mutual funds involve risk including the possible loss of principal. Past performance does not guarantee future results. The Fund's ethical values screening criteria could cause it to under-perform similar funds that do not have such screening criteria. The Fund can have risk related to option investing. Investors in the Fund should be aware that interest rates may change at any time based on government policy. In general, the price of a fixed income security falls when interest rates rise. Longer term securities may be more sensitive to changes in interest rates. The intermediate-term bond portion of the Fund's portfolio may represent 0% to 100% of the Fund's portfolio with an average duration of between two and eight years. The Fund may invest, directly or indirectly, in "junk bonds." Such securities are speculative investments that carry greater risks than higher quality debt securities. There are unique risks associated with convertible securities, credit, emerging markets, foreign securities, MLPs, preferred stocks, REITs, securities, small cap stocks, U.S. Agency securities, and yieldcos that are covered in the Fund's prospectus and SAI.
An investor should consider a fund's investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information can be found in the prospectus, which can be obtained at www.eventidefunds.com or by calling 1-877-771-EVEN (3836). Please read the prospectus carefully before investing. Eventide Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with Eventide Asset Management, LLC.
Fund Contact:
Harry Nelson, 877-771-EVEN (3836)
SOURCE Eventide Asset Management
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