ETIEX
Eventide Exponential Technologies Fund
MUTUAL FUND SERIES TRUST
Expense ratio1
1.35%
Net assets2
$75.45M
Holdings2
51
Category
US Equity
2025 return3
8.95%

Investment objective & strategy

As of Nov. 5, 2025 · prospectus

Objective. The Eventide Exponential Technologies Fund (the ?Exponential Technologies Fund? or the ?Fund?) seeks to provide long-term capital appreciation.

Strategy. Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in companies that the Fund?s investment adviser, Eventide Asset Management, LLC (?Eventide? or the ?Adviser?) believes are participating in and benefitting from technologies, innovations, technology themes, or technology trends. The types of companies represented in the Fund?s portfolio include, but are not limited to, companies falling within the information technology, internet media and services, healthcare technology, healthcare devices, or financial technology (i.e., Fintech) industries. The Fund invests primarily in companies that the Adviser believes are participating in and benefitting from technologies, innovations, themes, or trends that have long-term exponential characteristics and that serve well the needs of customers, employees, suppliers, communities, … Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in companies that the Fund?s investment adviser, Eventide Asset Management, LLC (?Eventide? or the ?Adviser?) believes are participating in and benefitting from technologies, innovations, technology themes, or technology trends. The types of companies represented in the Fund?s portfolio include, but are not limited to, companies falling within the information technology, internet media and services, healthcare technology, healthcare devices, or financial technology (i.e., Fintech) industries. The Fund invests primarily in companies that the Adviser believes are participating in and benefitting from technologies, innovations, themes, or trends that have long-term exponential characteristics and that serve well the needs of customers, employees, suppliers, communities, the environment, and society broadly using the Adviser?s faith-based screening criteria as more fully described below under ?Faith-Based Screening.? The term ?exponential? means the potential for accelerated advancements in technologies that can positively impact capabilities and development cycles of a company?s products and services. Not every company in the Fund?s portfolio will experience exponential growth, and the Fund is not expected to deliver exponential returns. The Adviser utilizes a fundamental ?bottom-up? analysis and quantitative screening to find and evaluate investments for the Fund?s portfolio. The Adviser seeks attractively valued securities that, in its opinion, represent above-average long-term investment opportunities or have significant near-term appreciation potential. The Adviser?s investment opportunity screening considers strong organic revenue growth, growing market share, superior unit economics (e.g., considering metrics and lifecycles unique to particular businesses), defensible competitive advantages and quality management teams. Valuation is an integral part of the investment process and purchase decisions are based on the potential reward relative to risk of each security which, in turn, is partly based on the Adviser?s earnings calculations. The Fund gains exposure to technology companies primarily through investing in equity securities including common stock, options, and preferred stock. The Fund may invest in private and other issuers whose securities may have legal or contractual restrictions on resale or are otherwise illiquid, which can impact their valuation. The Fund will not invest more than 15% of the Fund?s net assets in these illiquid investments. These companies include development stage companies that have not commenced business operations or have not generated significant revenue. The Fund invests without limitation in securities of companies domiciled outside the United States either directly or through American Depositary Receipts (?ADRs?). The Fund may invest in securities of companies of any market capitalization. The Adviser uses options strategies to enhance returns, generate income, reduce portfolio volatility, or reduce downside risk when the Adviser believes adverse market, political or other conditions are likely. The Adviser may also utilize a combination of puts and/or calls regarding the same security or puts and calls on related securities. The Fund is classified as ?non-diversified? for purposes of the Investment Company Act of 1940, as amended (the ?1940 Act?), which means that it is not limited by the 1940 Act with regard to the portion of its assets that may be invested in the securities of a single issuer. The Fund concentrates investments in the software, technology hardware and equipment, semiconductor, and communications group of industries because, under normal circumstances, it invests over 25% of its net assets in companies in this group of industries. Faith-Based Screening. The Adviser uses its proprietary screening methodology to analyze all potential investments for the company?s ability to operate with integrity and to create value for customers, employees, and other stakeholders by reflecting the values described below. The values assessed in the Adviser?s screening process are inspired by the Christian faith and rooted in a biblical worldview. While few companies may reach these ideals in every area of their business, these principles articulate the Adviser?s highest expectations for the companies in which the Fund invests. The Adviser uses its screening process in connection with other fundamental research processes to establish the Fund?s eligible investment universe. Securities are generally ineligible within the Fund?s portfolio unless the Adviser believes that the faith-based screens are met. If the Adviser?s research identifies events and/or business changes suggesting that a portfolio company no longer meets the faith-based criteria, the Fund may hold the company?s securities while the Adviser performs additional research, including possible direct engagement with the company to assess practices. The Adviser?s faith-based screening process for potential investments does not apply relative weights between values-based factors and financial factors. There is no guarantee that the Adviser will be able to successfully screen out all companies that are inconsistent with the following principles which help to guide the Adviser?s research and investment framework. Specifically, the Adviser seeks to invest in companies that reflect the following values: Respecting the value and freedom of all people: this includes the right to life at all stages and freedom from addictive behaviors caused by gambling, pornography, tobacco, and alcohol. Demonstrating a concern for justice and peace: this includes fair and ethical relationships with customers, suppliers, and business partners and avoiding products and services that promote weapons production and proliferation. Promoting family and community: this includes protecting children from violent forms of entertainment and serving low-income communities. Exhibiting responsible management practices: this includes fair dealing with employees, communities, competitors, suppliers, and customers as demonstrated by a company?s record regarding litigation, regulatory actions against the company, and its record of providing products and services that improve the lives of people. Practicing environmental stewardship: this includes practices considered more sustainable than those of industry peers, reduction in environmental impact when compared to previous periods, and/or the use of more efficient and cleaner energy sources. Consistent with the Adviser?s values, the Fund may invest in domestic and/or foreign fixed-income securities, such as notes (including standalone notes not rated by any agency), to help fund community development institutions and projects aimed at serving human needs such as those of low-to-moderate income families and communities. Securities may be sold when the Adviser believes that they no longer represent relatively attractive investment opportunities or when the Adviser believes the underlying company?s practices are no longer consistent with the Adviser?s faith-based values.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
TAIWAN SEMIC MFG CO LTD SP ADR $4.23M 5.60%
NVIDIA CORP $3.77M 5.00%
GUARDANT HEALTH INC $3.33M 4.41%
GENEDX HOLDINGS CORP-A $2.78M 3.69%
XOMETRY INC-A $2.75M 3.64%
US BANK MMDA - USBGFS 9 $2.69M 3.57%
TOAST INC-A $2.63M 3.48%
FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND - CLASS U FGUXX $2.38M 3.15%
LIBERTY ENERGY INC CL A $2.28M 3.02%
BROADCOM INC $2.13M 2.83%
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Allocation by sector

As of March 31, 2026 · N-PORT
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Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
15
Exited
19
Increased
14
Decreased
14
Unchanged
8

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

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Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Eventide Gilead Fund · ETGLX, ETAGX, ETCGX, ETILX 40% 1.18%
Invesco V.I. Technology Fund 33% 0.97%
Invesco Technology Fund · ITYAX, ITHCX, FTCHX, FTPIX, ITYYX, ITYRX 32% 0.67%
View all similar funds →

Footnotes

  1. Expense ratio as of November 5, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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