Eventide Dividend Opportunities Fund Class N
ETNDX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- C/O Gemini Fund Services LLC Elkhorn NE United States of America 68022-3474
- IPO Date
- Oct 5, 2017
- CIK
- 0001355064
- Website
- eventideinvestments.com
- Similar Companies
- Business
- Eventide Dividend Growth Fund Class N (ETNDX) is a diversified equity mutual fund managed by Eventide Asset Management LLC that seeks dividend growth and long-term capital appreciation, with a secondary objective of dividend income. The fund invests primarily in equity securities of companies that pay attractive dividends and demonstrate the potential to increase dividends over time, focusing on mid-cap blend strategies with holdings in sectors such as industrials, technology, financial services, utilities, and consumer cyclical; top holdings include Trane Technologies plc, Arthur J. Gallagher & Co., The Williams Companies Inc., Nasdaq Inc., and Roper Technologies Inc. Under normal circumstances, at least 80% of the fund's net assets, plus any borrowings for investment purposes, is allocated to dividend-paying companies' securities, with limits on exposure to any single industry or master limited partnerships to less than 25% of net assets; it emphasizes firms capable of sustained profitability and positive societal impact through value creation for customers, employees, suppliers, communities, and the environment. The fund offers Class N shares with a net expense ratio of approximately 1.15%, a minimum initial investment of $1,000, and is available to investors in the United States. Launched on September 29, 2017, and headquartered in Boston, Massachusetts, the fund operates within the U.S. mid-cap blend category and targets institutional and retail investors seeking income and growth from dividend-oriented equities. Effective November 1, 2024, the fund underwent a significant reorganization, changing its name from Eventide Dividend Opportunities Fund to Eventide Dividend Growth Fund and refining its investment objectives to prioritize dividend growth and long-term capital appreciation; this update aligns with Eventide Asset Management's broader strategies, including recent launches of systematic ETFs like the Eventide High Dividend ETF in September 2024.