The Eventide Gilead Fund (NASDAQ: ETGLX) was named one of the 2019 Best Mutual Funds by the investment publication Investor’s Business Daily.
The annual award list recognizes the funds in each equity category that
have outperformed the S&P 500 Total Return Index in each of the 1-,
3-, 5-, and 10-year periods as of the prior year-end. The Eventide
Gilead Fund was one of 108 funds to achieve this result in the Growth
Stock Funds category out of 439 funds, one of 111 funds to achieve this
result in the U.S. Diversified Equity Funds category out of 1076 funds,
and one of 10 funds to achieve this result in the Midcap Funds category
out of 210 funds. For award consideration, funds were required to have
at least $100 million in assets under management.
The Eventide Funds are managed by Eventide
Asset Management, LLC, a Boston-based registered investment adviser
practicing investing that makes the world rejoice.®
The Eventide Gilead Fund and the Eventide Healthcare & Life Sciences Fund were both named as “Category Kings” by The Wall Street Journal for the one-year period ending March 31, 2019. The Category King award recognizes the top 10 performing funds in each equity category for trailing one-year total return. The Eventide Gilead Fund (NASDAQ: ETILX) ranked #4 in the Midcap Growth category out of 401 funds, and the Eventide Healthcare & Life Sciences Fund (NASDAQ: ETIHX) ranked #1 in the Health & Biotech category out of 97 funds.
The Eventide Funds are guided by an approach that seeks to deliver market outperformance to investors by investing in companies whose products and practices help create a better world. Eventide CIO Finny Kuruvilla, MD, PhD, commented on the approach: “Investing, for all its seeming sophistication, is simply the act of owning companies. What sets Eventide investors apart is a desire to invest in companies that are serving society and human flourishing. It is so gratifying to be able to work on behalf of those who want their use of money to follow and express their values and commitments.”
The Eventide Funds are managed by Eventide Asset Management, a Boston-based registered investment adviser practicing investing that makes the world rejoice.®
Even if they achieved an inferior rate of return, I would still recommend Eventide because they are clean and God-honoring in their investment philosophy, and it is not right for Christians to be part-owners of companies that support abortion, alcohol, tobacco, etc. by owning mutual funds that contain such stocks. However, through investing in
Eventide–which can be done directly through them or without purchase or sales fees through brokers such as Fidelity, Schwab, Merrill Edge, etc., it has been possible to get a fantastic rate of return on one’s investment while still honoring the infinitely holy God.
Of course, past performance is never a guarantee of future results. The only thing certain here is not what happens to your money but that Jesus Christ will hold you accountable for what you did with it.
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