BOSTON, MA -- (Marketwired) -- The Eventide Gilead Fund (NASDAQ: ETILX) was awarded the 2014 Lipper Fund Award for Best Mid-Cap Growth Fund for the three-year period, out of 336 eligible funds. The Lipper Fund Award honors the top mutual fund in each fund classification on the basis of both risk-adjusted returns and the consistency of performance over the period.
The Eventide Gilead Fund is managed by Eventide Asset Management, LLC, a Boston-based registered investment advisor practicing values-based investing. "Eventide's goal is high performance, values-based asset management for investors. We're honored to receive the Lipper Award for superior performance, and proud to have generated the outperformance by investing in truly admirable companies," commented Robin John, Eventide CEO.
Lipper Fund Awards are not intended to constitute investment advice. Rather, you should use the awards for informational purposes only.
Lipper Fund Awards are given to the highest Lipper Leader for Consistent Return for each Lipper Fund Classification for 3-, 5-, and 10-yr periods. 2014 awards are for time periods ended November 30, 2013. For additional details on Lipper Fund Award and Lipper Leader methodology, visitwww.lipperweb.com.
Mutual Funds involve risk including the possible loss of principal. The Eventide Funds can invest in smaller- sized companies which may experience higher failure rates than larger companies and they normally have a lower trading volume than larger companies. The Funds ethical values screening criteria could cause it to underperform similar funds that do not have such screening criteria. The funds can have risk associated with the biotechnology and pharmaceutical industry in which these companies may be heavily dependent on clinical trials with uncertain outcomes and decisions made by the U.S. Food and Drug Administration. The funds can have risk related to option investing. There are special risks associated with investments in foreign companies including exposure to currency fluctuations, less efficient trading markets, political instability and differing auditing and legal standards. The funds can have risk associated with a higher portfolio turnover, which could result in higher transactional costs. The recent growth rate in the stock market has helped to produce short-term returns that are not typical and may not continue in the future. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes.
An investor should consider the Funds investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about Eventide Funds can be found in the Funds prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus please call the fund, toll free at 877-771- EVEN (3836) or visit www.eventidefunds.com. Eventide Funds are distributed by Northern Lights Distributors, LLC, member FINRA, which is not affiliated with Eventide Asset Management, LLC.