Eventide Core Bond N
ETNRX
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Willow Grove, PA19090 Boston MA United States of America 02110
- IPO Date
- Jul 31, 2020
- Website
- eatonvance.com
- Similar Companies
- Business
- Eventide Core Bond Fund (Class N) (ETNRX) is an actively managed intermediate-term bond mutual fund that seeks total return consistent with income generation by investing primarily in income-producing securities, including at least 80% of its net assets in bonds and other debt securities with an expected weighted average duration between three and nine years; investment-grade and high-yield corporate bonds; mortgage-backed securities such as those issued by Fannie Mae and Freddie Mac; U.S. agency securities like Federal Farm Credit Bank; and asset-backed securities across sectors including energy, technology, and payments providers such as JPMorgan Chase, American Express, and ConocoPhillips. The fund employs Eventide Asset Management LLC's proprietary Business 360 framework to select securities issued by companies demonstrating ethical, sustainable business practices that create value for customers, employees, suppliers, communities, the environment, and society broadly, with a focus on positive yield advantages, discounted prices, and improving credit profiles. Managed by a team including Chris Grogan, CFA, Director of Asset Allocation Services at Eventide, and David Dirk, CFA, of sub-adviser Boyd Watterson Asset Management LLC, the fund targets individual and institutional investors seeking intermediate core bond exposure aligned with values-based investing. Launched on July 31, 2020, with approximately $151 million in net assets as of mid-2025, ETNRX is part of Eventide Asset Management LLC's lineup of mutual funds, ETFs, separately managed accounts, and model portfolios offered through share classes including A (ETARX), C (ETCRX), I (ETIRX), and N (ETNRX). Eventide Asset Management LLC, founded in 2008 and headquartered at One International Place, Suite 4210, Boston, Massachusetts, manages over $6 billion in assets across its values-based strategies rooted in a biblical worldview, emphasizing "Investing that Makes the World Rejoice" without specified parent-subsidiary relationships. The firm operates primarily in the United States, serving financial advisors, individuals, and institutions focused on equity, fixed income, and multi-asset solutions. In recent developments, Eventide has expanded its product offerings beyond mutual funds like ETNRX, launching systematic ETFs including the Eventide High Dividend ETF (ELCV) in late 2024, the Eventide US Market ETF (EUSM) in early 2025, and receiving approval for the Eventide International ETF (ESIM) in November 2025, set to begin trading in December 2025 to diversify into international large- and mid-cap exposure using the Business 360 framework. These launches reflect Eventide's strategic shift toward lower-cost ETF vehicles for broader distribution and tax efficiency while maintaining active management aligned with its core philosophy, alongside ongoing sub-advisory partnerships such as with Boyd Watterson for fixed-income strategies like ETNRX. No major acquisitions, funding rounds, or reorganizations specific to the Core Bond Fund were reported in the last 1-2 years, with the firm sustaining employee-owned structure amid assets fluctuating between $6-8 billion.