N-CSRS 1 eventide-ncsr.htm N-CSRS

united states
securities and exchange commission
washington, d.c. 20549

form n-csr

certified shareholder report of registered management
investment companies

Investment Company Act file number 811-21872

 

Mutual Fund Series Trust

(Exact name of registrant as specified in charter)

 

225 Pictoria Drive, Suite 450, Cincinnati, Ohio 45246

(Address of principal executive offices) (Zip code)

 

CT CORPORATION SYSTEM

1300 EAST NINTH STREET, CLEVELAND, OH 44114

(Name and address of agent for service)

 

Registrant's telephone number, including area code: 631-470-2619

 

Date of fiscal year end: 6/30

 

Date of reporting period: 12/31/23

 

ITEM 1. REPORTS TO SHAREHOLDERS.

 

 

(EVENTIDE LOGO)

 

 

 

Semi-Annual Report December 31, 2023
   
   

 

 

 

   
  Eventide Balanced Fund
  (Formerly, Eventide Multi-Asset Income Fund)
   
  Eventide Core Bond Fund
   
  Eventide Dividend Opportunities Fund
   
  Eventide Exponential Technologies Fund
   
  Eventide Gilead Fund
   
  Eventide Healthcare & Life Sciences Fund
   
  Eventide Large Cap Focus Fund
   
  Eventide Limited-Term Bond Fund
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  Eventide Asset Management, LLC
  One International Place, Suite 4210
  Boston, MA 02110
  1-877-771-3836
E V E N T I D E   1
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Shareholder Letter (Unaudited)

 

At Eventide, we constantly remind ourselves and our investors that we have an important job to do. We are responsible for investing in companies that have a tremendous impact on our lives and the lives of others. As we review our performance for long- and short-term periods, let’s remember the most fundamental principles at the core of our investment thesis.

 

Rather than starting with “how” we invest or “what” we invest in, we begin with “why”. We believe God created us to love Him and our neighbors, and we turn to the Bible to guide us in expressing love in all aspects of life, including investing. Why do we invest? To love God and to love our neighbors.

 

Our “why” shapes our two core investment principles: avoiding investments in companies we believe are harmful to people and intentionally investing in companies we believe enrich lives. These principles are the immutable bedrock of our firm.

 

Our principles lead us to begin our approach with probing questions like, “What are the long-term secular themes we believe are beneficial to society?” and “Which themes are detrimental?” We also assess whether a company’s operations and culture promote human dignity or exploit it, as we will not invest in a company whose success comes at the expense of others.

 

The global demand for Artificial Intelligence (“AI”) was a recurring theme this past year, driving the outsized performance of companies positioned as solutions providers or that have caught early tailwinds from AI’s adoption. We also see beneficial impact in themes of electrification, energy efficiency, supply chain resiliency, and cyber security, each of which puts a categorized name to the solutions we need businesses to provide.

 

We believe there is a correlation between our principles and investor behavior: companies that are perceived to enrich lives tend to prosper. However, perceptions of value can be misleading. Some businesses may disguise harmful offerings as beneficial or entertaining, as seen in the rising popularity and consequences of online gambling. Interestingly, there are investment strategies that intentionally seek out the defensive and income-producing qualities of companies that prey on addictions like gambling or substance addictions like tobacco and alcohol.

 

At Eventide, our “why” drives our “how” and our “what”. So if we are loving God and loving our neighbors through the way we invest— the companies we invest in should be helping people flourish rather than exploiting them for profit.

 

We have big challenges ahead of us, and businesses are positioned to address some of these challenges and enrich the lives of the billions of people on this globe. As investors, you are important in providing capital for these businesses.

 

Thank you for your trust.

 

Robin John 

CEO, Founding Member

E V E N T I D E   2
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3

This information is for use with concurrent or prior delivery of a fund prospectus, which can be obtained at https://www.eventidefunds.com/prospectus or by calling 1-877-771-EVEN (3836). Investors should consider a fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. Eventide Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with Eventide Asset Management, LLC.

 

5115-NLD-1/29/2024

E V E N T I D E   3
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3

 

Eventide Balanced Fund  
PORTFOLIO REVIEW (Unaudited) December 31, 2023

 

Average Annual Total Return through December 31, 20231, as compared to its benchmarks:

 

        Since
  Six Month 1 Year Return 5 Year Return Inception 2
Class N 6.65% 11.93% 9.23% 6.50%
Class A without load 6.69% 11.94% 9.22% 6.47%
Class A with 5.75% load 0.56% 5.51% 7.94% 5.73%
Class C 6.21% 11.05% 8.34% 5.65%
Class I 6.76% 12.16% 9.42% 6.70%
Russell Midcap Total Return Index 3 7.54% 17.23% 12.68% 9.15%
Bloomberg U.S. Intermediate Aggregate Bond Index 4 3.51% 5.18% 1.14% 1.34%
Balanced Blended Index 5 5.65% 11.37% 7.30% 5.58%

 

1.The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemptions of Fund shares. Past performance is no guarantee of future results. Performance figures for periods greater than 1 year are annualized. The Fund’s advisor has contractually agreed to waive fees and/or reimburse expenses of the Fund to the extent necessary to limit operating expenses (excluding front-end or contingent deferred loads, taxes, leverage interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expenses on securities sold short, underlying fund fees and expenses or extraordinary expenses such as litigation) at 1.07%, 1.82%, 1.02% and 0.82% for Class A shares, Class C shares, Class N shares and Class I shares, respectively, through October 31, 2024. Per the Fund’s most recent prospectus, total annual Fund expenses before waiver are 1.15%, 1.90%, 1.10% and 0.90% for Class A shares, Class C shares, Class N shares and Class I shares, respectively. Class A shares are subject to a maximum sales charge of 5.75% imposed on purchases and have a maximum deferred sales charge of 1.00% on purchases of $1 million or more made without an initial sales charge and applies to shares sold within 18 months. Class C shares are subject to a maximum deferred sales charge of 1.00% on shares sold within 12 months. A $15 fee may be charged for redemptions made by wire. For performance information current to the most recent month-end, please call toll-free 1-877-771-3836.

 

2.Eventide Balanced Fund commenced operations on July 15, 2015.

 

3.The Russell Midcap Total Return Index measures the performance of the mid-cap segment of the US equity universe. It is a subset of the Russell 1000 Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership, representing approximately 31% of the total market capitalization of the Russell 1000 companies. It is constructed to provide a comprehensive and unbiased barometer for the mid-cap segment. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true mid-cap opportunity set. Investors cannot invest directly in an index.

 

4.The Bloomberg U.S. Intermediate Aggregate Bond Index is a market capitalization-weighted index, meaning the securities in the index are weighted according to the market size of each bond type. Most U.S. traded investment grade bonds are represented. Municipal bonds, and Treasury Inflation-Protected Securities are excluded, due to tax treatment issues. The index includes Treasury securities, government agency bonds, mortgage-backed bonds, corporate bonds, and a small amount of foreign bonds traded in U.S. Investors cannot invest directly in an index.

 

5.The Balanced Blended Index is comprised of 50% of the Russell Midcap Total Return Index and 50% of the Bloomberg U.S. Intermediate Aggregate Bond Index. The Balanced Blended Index rebalances its weightings on a monthly frequency. Investors cannot invest directly in an index.
E V E N T I D E   4
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund  
PORTFOLIO REVIEW (Unaudited) (Continued) December 31, 2023

 

Holdings by Industry or Asset Class  % of Net Assets 
Agency Fixed Rate   12.5%
Electric Utilities   8.0%
Software   5.6%
Electric Equipment   5.4%
Oil & Gas Producers   5.0%
Semiconductors   5.0%
Technology Services   3.8%
Government Owned, No Guarantee   3.6%
Real Estate Investment Trusts   3.6%
Government Sponsored   3.4%
Retail - Discretionary   3.3%
Other / Cash & Cash Equivalents   40.8%
    100.0%
      
Please refer to the Schedule of Investments in this semi-annual report for a detailed listing of the Fund’s holdings.
E V E N T I D E   5
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Core Bond Fund  
PORTFOLIO REVIEW (Unaudited) December 31, 2023

 

Average Annual Total Return through December 31, 20231, as compared to its benchmark:

 

      Since
  Six Month 1 Year Return Inception 2
Class N 3.00% 4.97% -3.67%
Class A without load 3.07% 4.90% -3.70%
Class A with 5.75% load -2.87% -1.18% -5.35%
Class C 2.61% 4.16% -4.40%
Class I 3.10% 5.05% -3.48%
Bloomberg U.S. Aggregate Bond Index 3 3.37% 5.53% -2.97%

 

1.The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemptions of Fund shares. Past performance is no guarantee of future results. Performance figures for periods greater than 1 year are annualized. The Fund’s advisor has contractually agreed to waive fees and/or reimburse expenses of the Fund to the extent necessary to limit operating expenses (excluding front-end or contingent deferred loads, taxes, leverage interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expenses on securities sold short, underlying fund fees and expenses or extraordinary expenses such as litigation) at 0.83%, 1.58%, 0.78% and 0.58% for Class A shares, Class C shares, Class N shares and Class I shares, respectively, through October 31, 2024. Per the Fund’s most recent prospectus, total annual Fund expenses before waiver are 1.06%, 1.81%, 1.01% and 0.81% for Class A shares, Class C shares, Class N shares and Class I shares, respectively. Class A shares are subject to a maximum sales charge of 5.75% imposed on purchases and have a maximum deferred sales charge of 1.00% on purchases of $1 million or more made without an initial sales charge and applies to shares sold within 18 months. Class C shares are subject to a maximum deferred sales charge of 1.00% on shares sold within 12 months. A $15 fee may be charged for redemptions made by wire. For performance information current to the most recent month-end, please call toll-free 1-877-771-3836.

 

2.Eventide Core Bond Fund commenced operations on July 31, 2020.

 

3.The Bloomberg U.S. Aggregate Bond Index is a broad-based flagship benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate pass-throughs), ABS and CMBS (agency and non-agency). Investors cannot invest directly in an index.

  

Holdings by Industry or Asset Class  % of Net Assets 
Agency Fixed Rate   26.6%
Electric Utilities   12.1%
Government Sponsored   9.4%
Real Estate Investment Trusts   5.9%
Government Owned, No Guarantee   5.6%
Software   3.8%
Institutional Financial Services   3.6%
Banking   3.3%
Engineering & Construction   2.8%
Oil & Gas Producers   2.3%
Auto Loan   1.9%
Other / Cash & Cash Equivalents   22.7%
    100.0%
      
Please refer to the Schedule of Investments in this semi-annual report for a detailed listing of the Fund’s holdings.
E V E N T I D E   6
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Dividend Opportunities Fund  
PORTFOLIO REVIEW (Unaudited) December 31, 2023

 

Average Annual Total Return through December 31, 20231, as compared to its benchmarks:

 

        Since
  Six Month 1 Year Return 5 Year Return Inception 2
Class N 10.24% 19.44% 14.29% 9.73%
Class A without load 10.22% 19.46% 14.26% 9.69%
Class A with 5.75% load 3.91% 12.58% 12.91% 8.66%
Class C 9.83% 18.56% 13.38% 8.87%
Class I 10.35% 19.66% 14.51% 9.94%
Russell Midcap Total Return Index 3 7.54% 17.23% 12.68% 9.38%
Russell Midcap Value Index 4 7.11% 12.71% 11.16% 7.48%

 

1.The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemptions of Fund shares. Past performance is no guarantee of future results. Performance figures for periods greater than 1 year are annualized. The Fund’s advisor has contractually agreed to waive fees and/or reimburse expenses of the Fund to the extent necessary to limit operating expenses (excluding front-end or contingent deferred loads, taxes, leverage interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expenses on securities sold short, underlying fund fees and expenses or extraordinary expenses such as litigation) at 1.20%, 1.95%, 1.15% and 0.95% for Class A shares, Class C shares, Class N shares and Class I shares, respectively, through October 31, 2024. Per the Fund’s most recent prospectus, total annual Fund expenses before waiver are 1.28%, 2.03%, 1.23% and 1.03% for Class A shares, Class C shares, Class N shares and Class I shares, respectively. Class A shares are subject to a maximum sales charge of 5.75% imposed on purchases and have a maximum deferred sales charge of 1.00% on purchases of $1 million or more made without an initial sales charge and applies to shares sold within 18 months. Class C shares are subject to a maximum deferred sales charge of 1.00% on shares sold within 12 months. A $15 fee may be charged for redemptions made by wire. For performance information current to the most recent month-end, please call toll-free 1-877-771-3836.

 

2.Eventide Dividend Opportunities Fund commenced operations on September 29, 2017.

 

3.The Russell Midcap Total Return Index measures the performance of the mid-cap segment of the US equity universe. It is a subset of the Russell 1000 Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership, representing approximately 31% of the total market capitalization of the Russell 1000 companies. It is constructed to provide a comprehensive and unbiased barometer for the mid-cap segment. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true mid-cap opportunity set. Investors cannot invest directly in an index.

 

4.The Russell Midcap Value Index measures the performance of the mid-capitalization U.S. equities that exhibit value characteristics. It includes those Russell Midcap Index companies with relatively lower price-to-book ratios, lower I/B/E/S forecast medium term (2 year) growth and lower sales per share historical growth (5 years). Investors cannot invest directly in an index.

  

Holdings by Industry or Asset Class  % of Net Assets 
Electrical Equipment   10.5%
Software   9.6%
Technology Services   8.3%
Oil & Gas Producers   7.9%
Chemicals   6.8%
Semiconductors   6.4%
Medical Equipment & Devices   6.0%
Electric Utilities   5.6%
Retail - Discretionary   5.1%
Industrial Support Services   3.9%
Insurance   3.3%
Other / Cash & Cash Equivalents   26.6%
    100.0%
      
Please refer to the Schedule of Investments in this semi-annual report for a detailed listing of the Fund’s holdings.
E V E N T I D E   7
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Exponential Technologies Fund  
PORTFOLIO REVIEW (Unaudited) December 31, 2023

 

Average Annual Total Return through December 31, 20231, as compared to its benchmarks:

 

      Since
  Six Month 1 Year Return Inception 2
Class N 8.25% 31.61% 8.19%
Class A without load 8.25% 31.61% 8.19%
Class A with 5.75% load 2.04% 24.07% 6.38%
Class C 7.84% 30.79% 7.41%
Class I 8.36% 31.96% 8.43%
Bloomberg US 2500 Total Return Index 3 6.00% 23.56% 9.04%
S&P North American Technology Sector Industry Index 4 14.63% 61.13% 15.48%
S&P 500 Total Return Index 5 8.04% 26.29% 14.88%

 

1.The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemptions of Fund shares. Past performance is no guarantee of future results. Performance figures for periods greater than 1 year are annualized. The Fund’s advisor has contractually agreed to waive fees and/or reimburse expenses of the Fund to the extent necessary to limit operating expenses (excluding front-end or contingent deferred loads, taxes, leverage interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expenses on securities sold short, underlying fund fees and expenses or extraordinary expenses such as litigation) at 1.68%, 2.43%, 1.63% and 1.43% for Class A shares, Class C shares, Class N shares and Class I shares, respectively, through October 31, 2024. Per the Fund’s most recent prospectus, total annual Fund expenses before waiver are 1.76%, 2.51%, 1.71% and 1.51% for Class A shares, Class C shares, Class N shares and Class I shares, respectively. Class A shares are subject to a maximum sales charge of 5.75% imposed on purchases and have a maximum deferred sales charge of 1.00% on purchases of $1 million or more made without an initial sales charge and applies to shares sold within 18 months. Class C shares are subject to a maximum deferred sales charge of 1.00% on shares sold within 12 months. A $15 fee may be charged for redemptions made by wire. For performance information current to the most recent month-end, please call toll-free 1-877-771-3836.

 

2.Eventide Exponential Technologies Fund commenced operations on June 30, 2020.

 

3.The Bloomberg US 2500 Index is a float market-cap-weighted benchmark of the lower 2500 in capitalization of the Bloomberg US 3000 Index (B3000). Investors cannot invest directly in an index.

 

4.The S&P North American Technology Sector Industry Index provides investors with a benchmark that represents U.S. securities classified under the GICS® information technology sector as well as the internet & direct marketing retail, interactive home entertainment, and interactive media & services sub-industries. Investors cannot invest directly in an index.

 

5.The S&P 500 Total Return Index, a registered trademark of McGraw-Hill Co., Inc., is a market capitalization-weighted index of 500 widely held common stocks. Investors cannot invest directly in an index.

 

Holdings by Industry or Asset Class  % of Net Assets 
Software   56.1%
Semiconductors   14.2%
Technology Hardware & Equipment   10.3%
Technology Services   4.6%
Consumer Services   4.3%
Advertising & Marketing   2.7%
Biotech & Pharma   2.6%
Medical Equipment & Devices   1.6%
Asset Management   0.6%
Money Market Funds   0.0% 1
Other / Cash & Cash Equivalents   3.0%
    100.0%
      

 

1.Percentage rounds to less than 0.1%.

  

Please refer to the Schedule of Investments in this semi-annual report for a detailed listing of the Fund’s holdings.

E V E N T I D E   8
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Gilead Fund  
PORTFOLIO REVIEW (Un audited) December 31, 2023

 

Average Annual Total Return through December 31, 20231, as compared to its benchmarks:

 

          Since Since Since
  Six Month 1 Year Return 5 Year Return 10 Year Return Inception 2 Inception 3 Inception 4
Class N 4.31% 22.52% 13.32% 10.91% 13.29% N/A N/A
Class A without load 4.28% 22.45% 13.28% 10.86% N/A 14.77% N/A
Class A with 5.75% load -1.72% 15.41% 11.95% 10.20% N/A 14.29% N/A
Class C 3.90% 21.54% 12.42% 10.02% N/A 13.89% N/A
Class I 4.42% 22.76% 13.55% 11.13% N/A N/A 13.89%
Russell Midcap Growth Index 5 8.56% 25.87% 13.81% 10.57% 10.68% 13.34% 12.86%
S&P 500 Total Return Index 6 8.04% 26.29% 15.69% 12.03% 11.10% 13.52% 13.29%

 

1.The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemptions of Fund shares. Past performance is no guarantee of future results. Performance figures for periods greater than 1 year are annualized. Per the Fund’s most recent prospectus, total annual Fund expenses are 1.43%, 2.18%, 1.38%, and 1.18% for Class A shares, Class C shares, Class N shares and Class I shares, respectively. Class A shares are subject to a maximum sales charge of 5.75% imposed on purchases and have a maximum deferred sales charge of 1.00% on purchases of $1 million or more made without an initial sales charge and applies to shares sold within 18 months. Class C shares are subject to a maximum deferred sales charge of 1.00% on shares sold within 12 months. A $15 fee may be charged for redemptions made by wire. For performance information current to the most recent month-end, please call toll-free 1-877-771-3836.

 

2.Class N commenced operations on July 8, 2008.

 

3.Class A and Class C commenced operations on October 28, 2009.

 

4.Class I commenced operations on February 2, 2010.

 

5.The Russell Midcap Growth Index measures the performance of the mid-cap growth segment of the U.S. equity universe. It includes those Russell Midcap Index companies with higher price-to-book ratios and higher forecasted growth values. Investors cannot invest directly in an index.

 

6.The S&P 500 Total Return Index, a registered trademark of McGraw-Hill Co., Inc., is a market capitalization-weighted index of 500 widely held common stocks. Investors cannot invest directly in an index.

 

Holdings by Industry or Asset Class  % of Net Assets 
Software   29.1%
Biotech & Pharma   12.5%
Medical Equipment & Devices   8.4%
Semiconductors   6.7%
Technology Hardware & Equipment   5.0%
Electrical Equipment   4.5%
Retail - Discretionary   4.1%
Transportation & Logistics   4.1%
Commercial Support Services   3.7%
Home Construction   2.5%
Wholesale - Discretionary   2.5%
Other / Cash & Cash Equivalents   16.9%
    100.0%
      
Please refer to the Schedule of Investments in this semi-annual report for a detailed listing of the Fund’s holdings.
E V E N T I D E   9
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Healthcare & Life Sciences Fund  
PORTFOLIO REVIEW (Unaudited) December 31, 2023

 

Average Annual Total Return through December 31, 20231, as compared to its benchmarks:

 

          Since
  Six Month 1 Year Return 5 Year Return 10 Year Return Inception 2
Class N -1.92% 10.77% 9.90% 11.20% 15.08%
Class A without load -1.91% 10.76% 9.85% 11.13% 15.01%
Class A with 5.75% load -7.54% 4.39% 8.55% 10.48% 14.39%
Class C -2.29% 9.90% 9.02% 10.31% 14.16%
Class I -1.83% 11.01% 10.11% 11.41% 15.31%
S&P Biotechnology Select Industry Index 3 7.68% 7.76% 4.58% 7.65% 10.89%
S&P 500 Total Return Index 4 8.04% 26.29% 15.69% 12.03% 13.79%

 

1.The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemptions of Fund shares. Past performance is no guarantee of future results. Performance figures for periods greater than 1 year are annualized. Per the Fund’s most recent prospectus, total annual Fund expenses, including acquired fund fees, are 1.56%, 2.31%, 1.51% and 1.31% for Class A shares, Class C shares, Class N shares and Class I shares, respectively. Class A shares are subject to a maximum sales charge of 5.75% imposed on purchases and have a maximum deferred sales charge of 1.00% on purchases of $1 million or more made without an initial sales charge and applies to shares sold within 18 months. Class C shares are subject to a maximum deferred sales charge of 1.00% on shares sold within 12 months. A $15 fee may be charged for redemptions made by wire. For performance information current to the most recent month-end, please call toll-free 1-877-771-3836.

 

2.Eventide Healthcare & Life Sciences Fund commenced operations on December 27, 2012.

 

3.The S&P Biotechnology Select Industry Index is designed to measure the performance of narrow GICS® sub-industries and is comprised of stock in the S&P Total Market Index that are classified in the GICS biotechnology sub-industry. Investors cannot invest directly in an index.

 

4.The S&P 500 Total Return Index, a registered trademark of McGraw-Hill Co., Inc., is a market capitalization-weighted index of 500 widely held common stocks. Investors cannot invest directly in an index.

 

Holdings by Industry or Asset Class  % of Net Assets 
Biotech & Pharma   78.1%
Medical Equipment & Devices   14.0%
Money Market Funds   0.2%
Software   4.8%
Other / Cash & Cash Equivalents   2.9%
    100.0%
      
Please refer to the Schedule of Investments in this semi-annual report for a detailed listing of the Fund’s holdings.
E V E N T I D E   10
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Large Cap Focus Fund  
PORTFOLIO REVIEW (Unaudited) December 31, 2023

 

Average Annual Total Return through December 31, 20231, as compared to its benchmark:

 

      Since
  Six Month 1 Year Return Inception 2
Class N 8.48% 27.57% 15.46%
Class A without load 8.49% 27.38% 15.35%
Class A with 5.75% load 2.23% 20.09% 10.90%
Class C 8.01% 26.49% 14.57%
Class I 8.65% 27.84% 15.66%
S&P 500 Total Return Index 3 8.04% 26.29% 18.57%

 

1.The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemptions of Fund shares. Past performance is no guarantee of future results. Performance figures for periods greater than 1 year are annualized. The Fund’s advisor has contractually agreed to waive fees and/or reimburse expenses of the Fund to the extent necessary to limit operating expenses (excluding front-end or contingent deferred loads, taxes, leverage interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expenses on securities sold short, underlying fund fees and expenses or extraordinary expenses such as litigation) at 1.19%, 1.94%, 1.14% and 0.94% for Class A shares, Class C shares, Class N shares and Class I shares, respectively, through October 31, 2024. Per the Fund’s most recent prospectus, total annual Fund estimated expenses before waiver are 2.90%, 3.65%, 2.85% and 2.65% for Class A shares, Class C shares, Class N shares and Class I shares, respectively. Class A shares are subject to a maximum sales charge of 5.75% imposed on purchases and have a maximum deferred sales charge of 1.00% on purchases of $1 million or more made without an initial sales charge and applies to shares sold within 18 months. Class C shares are subject to a maximum deferred sales charge of 1.00% on shares sold within 12 months. A $15 fee may be charged for redemptions made by wire. For performance information current to the most recent month-end, please call toll-free 1-877-771-3836.

 

2.Eventide Large Cap Focus Fund commenced operations on June 30, 2022.

 

3.The S&P 500 Total Return Index, a registered trademark of McGraw-Hill Co., Inc., is a market capitalization-weighted index of 500 widely held common stocks. Investors cannot invest directly in an index.

 

Holdings by Industry or Asset Class  % of Net Assets 
Software   36.0%
Semiconductors   11.3%
Chemicals   9.8%
Medical Equipment & Devices   9.1%
Technology Services   5.9%
Retail - Discretionary   5.5%
Money Market Funds   4.4%
Biotech & Pharma   4.1%
Electrical Equipment   3.4%
Advertising & Marketing   2.9%
Other / Cash & Cash Equivalents   7.6%
    100.0%
      
Please refer to the Schedule of Investments in this semi-annual report for a detailed listing of the Fund’s holdings.
E V E N T I D E   11
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund  
PORTFOLIO REVIEW (Unaudited) December 31, 2023

 

Average Annual Total Return through December 31, 20231, as compared to its benchmarks:

 

          Since Since
  Six Month 1 Year Return 5 Year Return 10 Year Return Inception 2 Inception 3
Class N 3.77% 5.46% 1.43% N/A N/A 1.56%
Class A without load 3.83% 5.49% 1.41% 1.56% 2.09% N/A
Class A with 5.75% load -2.13% -0.59% 0.21% 0.96% 1.64% N/A
Class C 3.36% 4.62% 0.63% N/A N/A 0.76%
Class I 3.87% 5.63% 1.65% 1.49% 1.81% N/A
Bloomberg 1-5 Year Government/Credit Index 4 3.66% 4.89% 1.54% 1.43% 1.52% 1.66%
Bloomberg U.S. Intermediate Aggregate Bond Index 5 3.51% 5.18% 1.14% 1.62% 1.87% 1.31%

 

1.The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. The returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemptions of Fund shares. Past performance is no guarantee of future results. Performance figures for periods greater than 1 year are annualized. The Fund’s advisor has contractually agreed to waive fees and/or reimburse expenses of the Fund to the extent necessary to limit operating expenses (excluding front-end or contingent deferred loads, taxes, leverage interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expenses on securities sold short, underlying fund fees and expenses or extraordinary expenses such as litigation) at 0.80%, 1.55%, 0.75% and 0.55% for Class A shares, Class C shares, Class N shares and Class I shares, respectively, through October 31, 2024. Per the Fund’s most recent prospectus, total annual Fund expenses before waiver are 0.96%, 1.71%, 0.91% and 0.71% for Class A shares, Class C shares, Class N shares and Class I shares, respectively. Class A shares are subject to a maximum sales charge of 5.75% imposed on purchases and have a maximum deferred sales charge of 1.00% on purchases of $1 million or more made without an initial sales charge and applies to shares sold within 18 months. Class C shares are subject to a maximum deferred sales charge of 1.00% on shares sold within 12 months. A $15 fee may be charged for redemptions made by wire. For performance information current to the most recent month-end, please call toll-free 1-877-771-3836.

 

2.Class A and Class I commenced operations on July 28, 2010.

 

3.Class N and Class C commenced operations on December 14, 2018.

 

4.The Bloomberg 1-5 Year Government/Credit Index measures the performance of U.S. dollar-denominated U.S. Treasury bonds, government related bonds (i.e., U.S. and non-U.S. agencies, sovereign, quasi-sovereign, supranational and local authority debt) and investment grade U.S. corporate bonds that have a remaining maturity of greater than or equal to one year and less than five years. Investors cannot invest directly in an index.

 

5.The Bloomberg U.S. Intermediate Aggregate Bond Index is a market capitalization-weighted index, meaning the securities in the index are weighted according to the market size of each bond type. Most U.S. traded investment grade bonds are represented. Municipal bonds, and Treasury Inflation-Protected Securities are excluded, due to tax treatment issues. The index includes Treasury securities, government agency bonds, mortgage-backed bonds, corporate bonds, and a small amount of foreign bonds traded in U.S. Investors cannot invest directly in an index.

 

Holdings by Industry or Asset Class  % of Net Assets 
Government Sponsored   13.6%
Electric Utilities   11.1%
Banking   7.4%
Government Owned, No Guarantee   6.8%
Real Estate Investment Trusts   6.5%
Insurance   4.9%
Institutional Financial Services   3.9%
Software   3.8%
Auto Loan   3.6%
Engineering & Construction   3.1%
Other / Cash & Cash Equivalents   35.3%
    100.0%
      
Please refer to the Schedule of Investments in this semi-annual report for a detailed listing of the Fund’s holdings.
E V E N T I D E   12
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund  
SCHEDULE OF INVESTMENTS (Unaudited) December 31, 2023

 

Shares      Fair Value 
     COMMON STOCKS — 47.8%     
     AUTOMOTIVE - 0.5%     
 16,704   Autoliv, Inc.  $1,840,614 
           
     BANKING - 0.6%     
 10,830   Pinnacle Financial Partners, Inc.   944,593 
 25,649   Synovus Financial Corporation   965,684 
         1,910,277 
     BIOTECH & PHARMA - 0.8%     
 95,695   Royalty Pharma plc, Class A   2,688,073 
           
     CHEMICALS - 2.0%     
 23,000   Element Solutions, Inc.   532,220 
 20,905   Sherwin-Williams Company (The)   6,520,270 
         7,052,490 
     DATA CENTER REIT - 0.5%     
 2,203   Equinix, Inc.   1,774,274 
           
     DIVERSIFIED INDUSTRIALS - 1.6%     
 74,041   Pentair PLC   5,383,521 
           
     ELECTRIC UTILITIES - 2.9%     
 58,058   CMS Energy Corporation   3,371,428 
 23,193   Sempra Energy   1,733,213 
 35,104   Southern Company (The)   2,461,492 
 60,813   Vistra Corporation   2,342,517 
         9,908,650 
     ELECTRICAL EQUIPMENT - 5.4%     
 157,785   nVent Electric PLC   9,323,516 
 38,624   Trane Technologies PLC   9,420,393 
         18,743,909 
     HEALTH CARE FACILITIES & SERVICES - 0.5%     
 26,163   Encompass Health Corporation   1,745,595 

 

See accompanying notes to financial statements.

E V E N T I D E   13
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares      Fair Value 
     COMMON STOCKS — 47.8% (Continued)     
     HOME CONSTRUCTION - 1.7%     
 38,052   DR Horton, Inc.  $5,783,143 
           
     INDUSTRIAL REIT - 1.5%     
 28,597   EastGroup Properties, Inc.   5,248,694 
           
     INDUSTRIAL SUPPORT SERVICES - 2.0%     
 35,600   Ferguson PLC   6,873,292 
           
     INSTITUTIONAL FINANCIAL SERVICES - 1.5%     
 43,975   Houlihan Lokey, Inc.   5,273,042 
           
     INSURANCE - 1.8%     
 27,291   Arthur J Gallagher & Company   6,137,201 
           
     MACHINERY - 0.5%     
 7,926   IDEX Corporation   1,720,814 
           
     MEDICAL EQUIPMENT & DEVICES - 2.1%     
 41,056   Bruker Corporation   3,016,795 
 19,992   STERIS plc   4,395,241 
         7,412,036 
     OIL & GAS PRODUCERS - 4.1%     
 22,810   Diamondback Energy, Inc.   3,537,375 
 54,730   Targa Resources Corporation   4,754,395 
 165,487   Williams Companies, Inc. (The)   5,763,912 
         14,055,682 
     RETAIL - DISCRETIONARY - 2.8%     
 18,223   Lithia Motors, Inc.   6,000,469 
 16,595   Lowe’s Companies, Inc.   3,693,217 
         9,693,686 
     SEMICONDUCTORS - 3.4%     
 21,940   Entegris, Inc.   2,628,851 
 15,618   KLA Corporation   9,078,743 
         11,707,594 

 

See accompanying notes to financial statements.

E V E N T I D E   14
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares              Fair Value 
     COMMON STOCKS — 47.8% (Continued)             
     SOFTWARE - 4.9%             
 11,529   Palo Alto Networks, Inc.1          $3,399,672 
 15,791   Roper Technologies, Inc.           8,608,779 
 9,201   Synopsys, Inc.1           4,737,687 
                 16,746,138 
     TECHNOLOGY SERVICES - 3.6%             
 39,481   CDW Corporation           8,974,821 
 6,341   MSCI, Inc.           3,586,787 
                 12,561,608 
     TRANSPORTATION & LOGISTICS - 1.8%             
 14,994   Old Dominion Freight Line, Inc.           6,077,518 
                   
     WHOLESALE - CONSUMER STAPLES - 0.6%             
 26,127   Sysco Corporation           1,910,668 
                   
     WHOLESALE - DISCRETIONARY - 0.7%             
 6,101   Pool Corporation           2,432,530 
     TOTAL COMMON STOCKS (Cost $123,639,212)           164,681,049 
                   
Principal Amount ($)      Coupon Rate (%)  Maturity  Fair Value 
     ASSET BACKED SECURITIES — 1.6%           
     AUTO LOAN — 1.1%           
 3,150,000   CarMax Auto Owner Trust Series 2020-4 C  1.3000  08/17/26   3,016,705 
 750,000   CarMax Auto Owner Trust Series 2021-2 C  1.3400  02/16/27   703,285 
               3,719,990 
     OTHER ABS — 0.5%           
 1,700,000   PFS Financing Corporation Series 2020-G A2  0.9700  02/15/26   1,690,050 
     TOTAL ASSET BACKED SECURITIES (Cost $5,615,345)         5,410,040 

 

See accompanying notes to financial statements.

E V E N T I D E   15
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)          Coupon Rate (%)  Maturity  Fair Value 
     COLLATERALIZED MORTGAGE OBLIGATIONS — 0.5%               
     CMBS — 0.5%               
 1,000,000   Freddie Mac Multifamily Structured Pass Through Certificates Series KG01 A10      2.9390  04/25/29  $932,241 
 1,000,000   Freddie Mac Multifamily Structured Pass Through Certificates Series KG02 A2      2.4120  08/25/29   907,780 
                   1,840,021 
     TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $2,035,005)             1,840,021 
                   
Principal Amount ($)          Coupon Rate (%)  Maturity  Fair Value 
     CONVERTIBLE BONDS — 0.9%               
     BIOTECH & PHARMA — 0.3%               
 950,000   Mirum Pharmaceuticals, Inc.2      4.0000  05/01/29   1,159,000 
                     
     TECHNOLOGY HARDWARE & EQUIPMENT — 0.6%               
 2,100,000   Xometry, Inc.      1.0000  02/01/27   1,983,447 
     TOTAL CONVERTIBLE BONDS (Cost $2,662,272)             3,142,447 
                     
Principal Amount ($)      Spread  Coupon Rate (%)  Maturity  Fair Value 
     CORPORATE BONDS — 25.0%              
     ASSET MANAGEMENT — 1.1%              
 3,800,000   Vision Fund International3,4,5,6     3.7250  02/24/25   3,800,000 
                    
     AUTOMOTIVE — 0.5%              
 2,025,000   Dana, Inc.     4.2500  09/01/30   1,797,404 
                    
     BANKING — 2.4%              
 3,725,000   Bank of America Corporation Series N7  TSFR3M + 1.132%  2.4560  10/22/25   3,628,464 
 3,200,000   JPMorgan Chase & Company7  SOFRRATE + 1.330%  6.0700  10/22/27   3,294,723 
 1,865,000   Royal Bank of Canada     1.1500  07/14/26   1,707,728 
                  8,630,915 
     CONSTRUCTION MATERIALS — 0.3%              
 1,300,000   Advanced Drainage Systems, Inc.2     5.0000  09/30/27   1,255,780 

 

See accompanying notes to financial statements.

E V E N T I D E   16
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Spread  Coupon Rate (%)  Maturity  Fair Value 
     CORPORATE BONDS — 25.0% (Continued)              
     CONTAINERS & PACKAGING — 0.3%              
 1,000,000   TriMas Corporation2     4.1250  04/15/29  $899,688 
                    
     ELEC & GAS MARKETING & TRADING — 0.6%              
 2,250,000   Southern Power Company     0.9000  01/15/26   2,074,642 
                    
     ELECTRIC UTILITIES — 5.1%              
 1,235,000   AES Corporation (The)     1.3750  01/15/26   1,143,634 
 1,000,000   Avangrid, Inc.     3.1500  12/01/24   977,291 
 1,376,000   CenterPoint Energy, Inc.7  SOFRRATE + 0.650%  5.9960  05/13/24   1,376,019 
 2,650,000   Dominion Energy, Inc.     2.2500  08/15/31   2,199,618 
 1,000,000   Duke Energy Florida, LLC     2.5000  12/01/29   893,616 
 1,225,000   MidAmerican Energy Company     3.1000  05/01/27   1,172,979 
 3,475,000   National Rural Utilities Cooperative Finance Corporation     1.3500  03/15/31   2,734,527 
 3,850,000   NextEra Energy Capital Holdings, Inc.     1.9000  06/15/28   3,421,082 
 1,250,000   Tucson Electric Power Company     1.5000  08/01/30   1,015,543 
 3,303,000   Wisconsin Power and Light Company     1.9500  09/16/31   2,695,124 
                  17,629,433 
     ENGINEERING & CONSTRUCTION — 1.2%              
 1,435,000   Installed Building Products, Inc.2     5.7500  02/01/28   1,399,864 
 2,000,000   MasTec, Inc.2     4.5000  08/15/28   1,882,208 
 1,250,000   Quanta Services, Inc.     2.9000  10/01/30   1,100,589 
                  4,382,661 
     FORESTRY, PAPER & WOOD PRODUCTS — 0.3%              
 1,000,000   Louisiana-Pacific Corporation2     3.6250  03/15/29   896,908 
                    
     HOME & OFFICE PRODUCTS — 0.5%              
 1,910,000   Tempur Sealy International, Inc.2     4.0000  04/15/29   1,726,753 
                    
     HOME CONSTRUCTION — 0.8%              
 1,750,000   M/I Homes, Inc.     3.9500  02/15/30   1,559,251 

 

See accompanying notes to financial statements.

E V E N T I D E   17
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Spread  Coupon Rate (%)  Maturity  Fair Value 
    CORPORATE BONDS — 25.0% (Continued)             
     HOME CONSTRUCTION — 0.8% (Continued)              
 1,000,000   Patrick Industries, Inc.2      7.5000  10/15/27  $1,005,365 
                  2,564,616 
     INDUSTRIAL SUPPORT SERVICES — 0.5%              
 1,700,000   United Rentals North America, Inc.     4.8750  01/15/28   1,659,256 
                    
     INSTITUTIONAL FINANCIAL SERVICES — 1.4%              
 3,875,000   Morgan Stanley7   SOFRRATE + 0.745%  0.8640  10/21/25   3,723,327 
 1,000,000   Nasdaq, Inc.     5.3500  06/28/28   1,030,126 
                  4,753,453 
     INSURANCE — 0.8%              
 1,015,000   Aflac, Inc.     1.1250  03/15/26   937,720 
 2,000,000   Pacific Life Global Funding II2     1.3750  04/14/26   1,849,781 
                  2,787,501 
     MACHINERY — 1.0%              
 1,750,000   Mueller Water Products, Inc.2     4.0000  06/15/29   1,596,191 
 1,875,000   Xylem, Inc.     1.9500  01/30/28   1,697,110 
                  3,293,301 
     OIL & GAS PRODUCERS — 0.9%              
 1,750,000   Cheniere Energy Partners, L.P.     4.5000  10/01/29   1,672,543 
 1,500,000   Diamondback Energy, Inc.     3.5000  12/01/29   1,395,722 
                  3,068,265 
     REAL ESTATE INVESTMENT TRUSTS — 3.6%              
 1,675,000   Alexandria Real Estate Equities, Inc.     3.8000  04/15/26   1,631,681 
 1,500,000   American Tower Corporation     4.0500  03/15/32   1,408,106 
 2,850,000   AvalonBay Communities, Inc.     2.0500  01/15/32   2,393,843 
 1,750,000   HAT Holdings I, LLC/HAT Holdings II, LLC2     3.3750  06/15/26   1,645,851 
 1,985,000   Prologis, L.P.     1.2500  10/15/30   1,607,970 
 2,210,000   Public Storage7  SOFRRATE + 0.470%  5.8200  04/23/24   2,209,971 
 1,500,000   Welltower, Inc.     2.7000  02/15/27   1,408,596 
                  12,306,018 
     RETAIL - DISCRETIONARY — 0.5%              
 1,000,000   Asbury Automotive Group, Inc.     4.5000  03/01/28   950,604 
 1,000,000   Builders FirstSource, Inc.2     4.2500  02/01/32   903,429 
                  1,854,033 

 

See accompanying notes to financial statements.

E V E N T I D E   18
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Spread  Coupon Rate (%)  Maturity  Fair Value 
     CORPORATE BONDS — 25.0% (Continued)              
     SEMICONDUCTORS — 1.6%              
 1,185,000   Amkor Technology, Inc.2     6.6250  09/15/27  $1,200,907 
 2,800,000   NXP BV/NXP Funding, LLC/NXP USA, Inc.     2.5000  05/11/31   2,382,527 
 1,925,000   Synaptics, Inc.2     4.0000  06/15/29   1,729,307 
                  5,312,741 
     SOFTWARE — 0.7%              
 1,250,000   Roper Technologies, Inc.     4.2000  09/15/28   1,230,586 
 1,250,000   Workday, Inc.     3.8000  04/01/32   1,165,952 
                  2,396,538 
     TECHNOLOGY SERVICES — 0.2%              
 750,000   Visa, Inc.     0.7500  08/15/27   664,317 
                    
     WHOLESALE - CONSUMER STAPLES — 0.7%              
 2,775,000   Sysco Corporation     2.4000  02/15/30   2,453,052 
     TOTAL CORPORATE BONDS (Cost $93,309,765)            86,207,275 
                   
Principal Amount ($)          Coupon Rate (%)  Maturity  Fair Value 
     MUNICIPAL BONDS — 2.2%               
     COMBINED UTILITIES — 0.4%               
 1,475,000   City of Tacoma, WA Electric System Revenue      5.6410  01/01/27   1,518,187 
                     
     COUNTY — 0.0%8               
 150,000   City & County of Honolulu, HI      2.5180  10/01/26   142,604 
                     
     MISCELLANEOUS TAX — 0.6%               
 2,050,000   Commonwealth of Massachusetts      3.6390  07/15/24   2,033,458 
                     
     MULTI-FAMILY HOUSING — 0.2%               
 500,000   New York City Housing Development Corporation      1.3500  11/01/26   465,461 
 100,000   New York State Housing Finance Agency      0.6500  05/01/25   95,201 
                   560,662 

See accompanying notes to financial statements.

E V E N T I D E   19
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Coupon Rate (%)  Maturity  Fair Value 
     MUNICIPAL BONDS — 2.2% (Continued)           
     RESOURCE RECOVERY — 0.0%8           
 100,000   City of Napa, CA Solid Waste Revenue  2.3300  08/01/25  $96,306 
                 
     SINGLE-FAMILY HOUSING — 0.1%           
 505,000   Texas Department of Housing & Community Affairs  0.4500  01/01/24   505,000 
                 
     STATE — 0.3%           
 200,000   State of Oregon  0.8950  05/01/25   190,183 
 250,000   State of Oregon  1.1850  05/01/26   232,370 
 500,000   State of Oregon  1.3150  05/01/27   454,493 
               877,046 
     WATER AND SEWER — 0.6%           
 2,000,000   City of Aurora, CO Water Revenue  2.0980  08/01/34   1,586,872 
 200,000   City of Los Angeles, CA Wastewater System Revenue  3.6940  06/01/32   186,730 
               1,773,602 
     TOTAL MUNICIPAL BONDS (Cost $8,240,906)         7,506,865 
                 
Principal Amount ($)      Coupon Rate (%)  Maturity  Fair Value 
     U.S. GOVERNMENT & AGENCIES — 20.4%           
     AGENCY FIXED RATE — 12.5%           
 204,683   Fannie Mae Pool MA2915  3.0000  02/01/27   199,456 
 842,382   Fannie Mae Pool MA4263  1.5000  02/01/31   777,227 
 885,168   Fannie Mae Pool MA4284  1.5000  03/01/31   816,790 
 623,865   Fannie Mae Pool FM3333  2.0000  06/01/35   564,057 
 463,312   Fannie Mae Pool MA4095  2.0000  08/01/35   418,897 
 427,719   Fannie Mae Pool BM5466  2.5000  10/01/43   377,132 
 400,197   Fannie Mae Pool BM5975  3.0000  12/01/45   368,584 
 354,672   Fannie Mae Pool MA2806  3.0000  11/01/46   322,828 
 369,806   Fannie Mae Pool BM5976  3.0000  02/01/47   340,626 
 891,404   Fannie Mae Pool BP5878  2.5000  06/01/50   764,873 
 1,292,864   Fannie Mae Pool MA4096  2.5000  08/01/50   1,108,945 
 1,485,074   Fannie Mae Pool MA4306  2.5000  04/01/51   1,272,883 
 1,494,694   Fannie Mae Pool MA4326  2.5000  05/01/51   1,276,884 
 1,697,024   Fannie Mae Pool MA4327  3.0000  05/01/51   1,506,399 

 

See accompanying notes to financial statements.

E V E N T I D E   20
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Coupon Rate (%)  Maturity  Fair Value 
     U.S. GOVERNMENT & AGENCIES — 20.4% (Continued)           
     AGENCY FIXED RATE — 12.5% (Continued)           
 1,795,636   Fannie Mae Pool MA4356  2.5000  06/01/51  $1,531,006 
 2,181,139   Fannie Mae Pool MA4379  2.5000  07/01/51   1,862,164 
 3,481,216   Fannie Mae Pool CB2661  3.0000  01/01/52   3,112,412 
 3,359,255   Fannie Mae Pool MA4600  3.5000  05/01/52   3,087,564 
 3,148,600   Fannie Mae Pool MA4625  3.5000  06/01/52   2,893,951 
 2,539,748   Fannie Mae Pool MA4655  4.0000  07/01/52   2,408,003 
 3,197,733   Fannie Mae Pool MA4916  4.0000  02/01/53   3,029,327 
 705,423   Freddie Mac Pool ZS9163  3.0000  09/01/33   667,701 
 635,429   Freddie Mac Pool ZS9382  3.0000  09/01/43   585,226 
 596,946   Freddie Mac Pool SD8089  2.5000  07/01/50   512,808 
 1,302,717   Freddie Mac Pool SD8122  2.5000  01/01/51   1,115,596 
 1,822,971   Freddie Mac Pool RA5696  2.5000  08/01/51   1,554,770 
 2,952,692   Freddie Mac Pool SD8214  3.5000  05/01/52   2,713,692 
 2,831,864   Freddie Mac Pool SD8238  4.5000  08/01/52   2,750,030 
 3,139,973   Freddie Mac Pool SD8288  5.0000  01/01/53   3,112,188 
 1,938,121   Freddie Mac Pool SD3026  5.0000  06/01/53   1,922,145 
 331,546   Ginnie Mae II Pool MA3375  3.0000  01/20/46   305,587 
               43,279,751 
     AGENCY MBS OTHER — 0.9%           
 3,068,278   Fannie Mae Pool MA4805  4.5000  11/01/52   2,979,613 
                 
     GOVERNMENT OWNED, NO GUARANTEE — 3.6%           
 1,500,000   Federal Home Loan Mortgage Corporation  5.0000  09/18/28   1,503,369 
 2,500,000   Federal Home Loan Mortgage Corporation  6.2500  07/15/32   2,905,500 
 2,900,000   Federal National Mortgage Association  6.2500  05/15/29   3,222,332 
 4,350,000   Federal National Mortgage Association  0.8750  08/05/30   3,552,954 
 1,000,000   Federal National Mortgage Association  5.6250  07/15/37   1,135,386 
               12,319,541 
     GOVERNMENT SPONSORED — 3.4%           
 1,500,000   Federal Farm Credit Banks Funding Corporation  4.8750  11/01/28   1,567,385 
 2,750,000   Federal Farm Credit Banks Funding Corporation  4.6250  04/05/29   2,839,342 
 1,000,000   Federal Farm Credit Banks Funding Corporation  3.1250  04/26/30   939,956 
 1,250,000   Federal Farm Credit Banks Funding Corporation  1.7300  09/22/31   1,035,277 
 2,000,000   Federal Farm Credit Banks Funding Corporation  4.3750  03/03/33   2,015,556 

 

See accompanying notes to financial statements.

E V E N T I D E   21
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Coupon Rate (%)  Maturity  Fair Value 
     U.S. GOVERNMENT & AGENCIES — 20.4% (Continued)           
     GOVERNMENT SPONSORED — 3.4% (Continued)           
 2,000,000   Federal Home Loan Mortgage Corporation  5.2000  05/17/24  $1,998,462 
 1,350,000   Federal Home Loan Mortgage Corporation  5.2500  12/09/24   1,349,297 
               11,745,275 
     TOTAL U.S. GOVERNMENT & AGENCIES (Cost $74,972,462)         70,324,180 
                 
Shares              Fair Value 
     SHORT-TERM INVESTMENTS — 0.0%8             
     MONEY MARKET FUNDS - 0.0% 8             
 108,428   Fidelity Government Portfolio, Class I, 5.24% (Cost $108,428)9           108,428 
                   
     TOTAL INVESTMENTS - 98.4% (Cost $310,583,395)          $339,220,305 
     OTHER ASSETS IN EXCESS OF LIABILITIES- 1.6%           5,547,653 
     NET ASSETS - 100.0%          $344,767,958 

 

   
LLC - Limited Liability Company
   
L.P. - Limited Partnership
   
MSCI - Morgan Stanley Capital International
   
PLC - Public Limited Company
   
REIT - Real Estate Investment Trust
   
SOFRRATE United States SOFR Secured Overnight Financing Rate
   
TSFR3M CME Term SOFR 3 Month

 

1.Non-income producing security.

 

2.Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of December 31, 2023 the total market value of 144A securities is $20,841,082 or 6.0% of net assets.

 

3.Illiquid security. The total fair value of these securities as of December 31, 2023 was $3,800,000, representing 1.1% of net assets.

 

4.The value of this security has been determined in good faith under policies of the Board of Trustees.

 

5.Private investment.

 

6.Restricted security.

 

7.Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

 

8.Percentage rounds to less than 0.1%.

 

9.Rate disclosed is the seven day effective yield as of December 31, 2023.

 

See accompanying notes to financial statements.

E V E N T I D E   22
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Core Bond Fund  
SCHEDULE OF INVESTMENTS (Unaudited) December 31, 2023

 

Principal Amount ($)          Coupon Rate (%)  Maturity  Fair Value 
     ASSET BACKED SECURITIES — 3.1%               
     AUTO LOAN — 1.9%               
 1,375,000   CarMax Auto Owner Trust Series 2020-4 C      1.3000  08/17/26  $1,316,816 
 1,000,000   CarMax Auto Owner Trust Series 2021-2 C      1.3400  02/16/27   937,713 
                   2,254,529 
     OTHER ABS — 1.2%               
 1,350,000   PFS Financing Corporation Series 2020-G A1      0.9700  02/15/26   1,342,099 
     TOTAL ASSET BACKED SECURITIES (Cost $3,734,542)             3,596,628 
                  
Principal Amount ($)      Spread  Coupon Rate (%)  Maturity  Fair Value 
     CORPORATE BONDS — 45.7%              
     AUTOMOTIVE — 0.4%              
 500,000   Dana, Inc.     4.2500  09/01/30   443,804 
                    
     BANKING — 3.3%              
 1,700,000   Bank of America Corporation Series N2  TSFR3M + 1.132%  2.4560  10/22/25   1,655,944 
 2,110,000   JPMorgan Chase & Company2  SOFRRATE + 1.330%  6.0700  10/22/27   2,172,458 
                  3,828,402 
     BIOTECH & PHARMA — 1.5%              
 1,750,000   Zoetis, Inc.     3.9000  08/20/28   1,714,683 
                    
     ELEC & GAS MARKETING & TRADING — 0.4%              
 500,000   Consolidated Edison Company of New York, Inc.     3.9500  04/01/50   419,879 
                    
     ELECTRIC UTILITIES — 12.1%              
 1,500,000   Ameren Illinois Company     5.9000  12/01/52   1,687,497 
 2,000,000   DTE Electric Company     3.9500  03/01/49   1,687,425 
 2,000,000   Duke Energy Florida, LLC     2.5000  12/01/29   1,787,231 
 650,000   Interstate Power and Light Company     3.5000  09/30/49   485,124 
 1,750,000   MidAmerican Energy Company     4.2500  07/15/49   1,533,635 
 1,400,000   National Rural Utilities Cooperative Finance Corporation     1.3500  03/15/31   1,101,680 
 675,000   NextEra Energy Capital Holdings, Inc.     5.0500  02/28/33   678,051 
 500,000   NextEra Energy Capital Holdings, Inc.2  US0003M + 2.409%  4.8000  12/01/77   433,696 
 2,425,000   Northern States Power Company     2.9000  03/01/50   1,710,046 

 

See accompanying notes to financial statements.

E V E N T I D E   23
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Core Bond Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Spread  Coupon Rate (%)  Maturity  Fair Value 
    CORPORATE BONDS — 45.7% (Continued)          
     ELECTRIC UTILITIES — 12.1% (Continued)              
 1,450,000   Public Service Company of Oklahoma      3.1500  08/15/51  $999,473 
 2,450,000   Wisconsin Public Service Corporation     2.8500  12/01/51   1,630,161 
                  13,734,019 
     ELECTRICAL EQUIPMENT — 1.5%              
 1,500,000   Lennox International, Inc.     5.5000  09/15/28   1,542,674 
                    
     ENGINEERING & CONSTRUCTION — 2.8%              
 850,000   Installed Building Products, Inc.1     5.7500  02/01/28   829,188 
 750,000   MasTec, Inc.1     4.5000  08/15/28   705,828 
 1,900,000   Quanta Services, Inc.     2.9000  10/01/30   1,672,895 
                  3,207,911 
     HOME CONSTRUCTION — 0.5%              
 625,000   M/I Homes, Inc.     3.9500  02/15/30   556,874 
                    
     INDUSTRIAL SUPPORT SERVICES — 0.5%              
 625,000   United Rentals North America, Inc.     4.8750  01/15/28   610,021 
                    
     INSTITUTIONAL FINANCIAL SERVICES — 3.6%              
 2,225,000   Morgan Stanley2   SOFRRATE + 0.745%  0.8640  10/21/25   2,137,910 
 1,900,000   Nasdaq, Inc.     5.3500  06/28/28   1,957,239 
                  4,095,149 
     INSURANCE — 0.4%              
 500,000   Aflac, Inc.     1.1250  03/15/26   461,931 
                    
     MACHINERY — 1.5%              
 650,000   Mueller Water Products, Inc.1     4.0000  06/15/29   592,871 
 1,250,000   Xylem, Inc./NY     1.9500  01/30/28   1,131,407 
                  1,724,278 
     OIL & GAS PRODUCERS — 2.3%              
 1,150,000   Cheniere Energy Partners, L.P.     4.5000  10/01/29   1,099,100 
 1,650,000   Diamondback Energy, Inc.     3.5000  12/01/29   1,535,294 
                  2,634,394 

 

See accompanying notes to financial statements.

E V E N T I D E   24
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Core Bond Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Spread   Coupon Rate (%)  Maturity  Fair Value 
     CORPORATE BONDS — 45.7% (Continued)               
     REAL ESTATE INVESTMENT TRUSTS — 5.9%               
 1,600,000   Alexandria Real Estate Equities, Inc.      4.7500  04/15/35  $1,556,599 
 1,500,000   American Tower Corporation      4.0500  03/15/32   1,408,106 
 500,000   AvalonBay Communities, Inc.      2.0500  01/15/32   419,973 
 1,750,000   Equinix, Inc.      3.9000  04/15/32   1,629,102 
 375,000   HAT Holdings I, LLC/HAT Holdings II, LLC1      3.3750  06/15/26   352,682 
 1,500,000   Welltower OP, LLC      3.8500  06/15/32   1,390,512 
                   6,756,974 
     RETAIL - DISCRETIONARY — 0.3%               
 375,000   Builders FirstSource, Inc.1      4.2500  02/01/32   338,786 
                     
     SEMICONDUCTORS — 1.7%               
 1,700,000   NXP BV/NXP Funding, LLC/NXP USA, Inc.      2.5000  05/11/31   1,446,533 
 600,000   Synaptics, Inc.1      4.0000  06/15/29   539,005 
                   1,985,538 
     SOFTWARE — 3.8%               
 1,000,000   Intuit, Inc.      5.1250  09/15/28   1,035,109 
 2,000,000   Roper Technologies, Inc.      4.2000  09/15/28   1,968,937 
 1,250,000   Workday, Inc.      3.7000  04/01/29   1,201,990 
 375,000   Workday, Inc.      3.8000  04/01/32   349,786 
                   4,555,822 
     TECHNOLOGY SERVICES — 1.6%               
 1,750,000   Verisk Analytics, Inc.      5.7500  04/01/33   1,881,596 
                     
     WHOLESALE - CONSUMER STAPLES — 1.4%               
 1,875,000   Sysco Corporation      2.4000  02/15/30   1,657,468 
     TOTAL CORPORATE BONDS (Cost $54,678,145)             52,150,203 
                   
Principal Amount ($)          Coupon Rate (%)  Maturity  Fair Value 
     MUNICIPAL BONDS — 4.9%               
     COMBINED UTILITIES — 0.9%               
 1,000,000   City of Tacoma, WA Electric System Revenue      5.6410  01/01/27   1,029,279 

 

See accompanying notes to financial statements.

E V E N T I D E   25
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Core Bond Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Coupon Rate (%)  Maturity  Fair Value 
     MUNICIPAL BONDS — 4.9% (Continued)           
     MISCELLANEOUS TAX — 0.8%           
 900,000   Commonwealth of Massachusetts  3.6390  07/15/24  $892,738 
                 
     MULTI-FAMILY HOUSING — 0.7%           
 250,000   Maine State Housing Authority  0.4000  11/15/24   243,627 
 500,000   New York City Housing Development Corporation  0.6500  11/01/25   468,689 
 100,000   New York State Housing Finance Agency  0.7000  11/01/25   93,369 
               805,685 
     SINGLE-FAMILY HOUSING — 0.7%           
 406,588   Minnesota Housing Finance Agency  1.5800  02/01/51   307,406 
 480,000   Texas Department of Housing & Community Affairs  0.5000  07/01/24   473,063 
               780,469 
     STATE — 0.9%           
 1,250,000   State of Oregon  2.3370  11/01/33   1,028,630 
                 
     WATER AND SEWER — 0.9%           
 1,500,000   City of Aurora, CO Water Revenue  2.6260  08/01/41   1,122,300 
     TOTAL MUNICIPAL BONDS (Cost $6,527,589)         5,659,101 
               
Principal Amount ($)      Coupon Rate (%)  Maturity  Fair Value 
     U.S. GOVERNMENT & AGENCIES — 43.4%           
     AGENCY FIXED RATE — 26.6%           
 842,367   Fannie Mae Pool BO9355  3.0000  03/01/50   753,535 
 1,872,860   Fannie Mae Pool MA4120  2.5000  09/01/50   1,607,016 
 724,656   Fannie Mae Pool FM4720  3.0000  10/01/50   648,237 
 1,893,509   Fannie Mae Pool CA8256  2.5000  12/01/50   1,617,098 
 683,822   Fannie Mae Pool MA4307  3.0000  04/01/51   607,795 
 1,995,238   Fannie Mae Pool CB0199  3.0000  04/01/51   1,770,635 
 1,633,871   Fannie Mae Pool MA4379  2.5000  07/01/51   1,394,930 
 907,907   Fannie Mae Pool MA4600  3.5000  05/01/52   834,477 
 2,184,255   Fannie Mae Pool MA4625  3.5000  06/01/52   2,007,599 
 1,739,230   Fannie Mae Pool MA4700  4.0000  08/01/52   1,647,903 
 1,240,911   Fannie Mae Pool MA4916  4.0000  02/01/53   1,175,560 

 

See accompanying notes to financial statements.

E V E N T I D E   26
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Core Bond Fund  
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Coupon Rate (%)  Maturity  Fair Value 
     U.S. GOVERNMENT & AGENCIES — 43.4% (Continued)           
     AGENCY FIXED RATE — 26.6% (Continued)           
 996,927   Freddie Mac Pool SD8090  2.0000  09/01/50  $820,962 
 1,726,168   Freddie Mac Pool SD8128  2.0000  02/01/51   1,418,793 
 1,044,624   Freddie Mac Pool RA5696  2.5000  08/01/51   890,936 
 1,585,128   Freddie Mac Pool SD8206  3.0000  04/01/52   1,405,480 
 2,366,899   Freddie Mac Pool RA7587  3.5000  06/01/52   2,183,057 
 2,099,298   Freddie Mac Pool SD8237  4.0000  08/01/52   1,989,051 
 2,169,573   Freddie Mac Pool SD8238  4.5000  08/01/52   2,106,878 
 2,148,402   Freddie Mac Pool SD8288  5.0000  01/01/53   2,129,391 
 2,131,934   Freddie Mac Pool SD3026  5.0000  06/01/53   2,114,359 
 1,173,556   Freddie Mac Pool SD8332  6.0000  06/01/53   1,192,953 
               30,316,645 
     AGENCY MBS OTHER — 1.8%           
 2,178,243   Fannie Mae Pool MA4805  4.5000  11/01/52   2,115,298 
                 
     GOVERNMENT OWNED, NO GUARANTEE — 5.6%           
 1,900,000   Federal Home Loan Mortgage Corporation  6.2500  07/15/32   2,208,180 
 2,000,000   Federal National Mortgage Association  6.2500  05/15/29   2,222,297 
 1,700,000   Federal National Mortgage Association  5.6250  07/15/37   1,930,157 
               6,360,634 
     GOVERNMENT SPONSORED — 9.4%           
 1,000,000   Federal Farm Credit Banks Funding Corporation  4.5000  09/22/28   1,027,137 
 1,520,000   Federal Farm Credit Banks Funding Corporation  4.8750  11/01/28   1,588,284 
 1,000,000   Federal Farm Credit Banks Funding Corporation  4.2500  12/15/28   1,015,873 
 1,000,000   Federal Farm Credit Banks Funding Corporation  4.1250  01/11/29   1,010,786 
 1,425,000   Federal Farm Credit Banks Funding Corporation  4.5000  03/09/29   1,459,315 
 1,550,000   Federal Farm Credit Banks Funding Corporation  4.6250  04/05/29   1,600,357 
 2,000,000   Federal Farm Credit Banks Funding Corporation  4.3750  10/24/29   2,032,852 
 1,100,000   Federal Farm Credit Banks Funding Corporation  4.0000  02/09/33   1,077,750 
               10,812,354 
     TOTAL U.S. GOVERNMENT & AGENCIES (Cost $49,790,840)         49,604,931 
                 
     TOTAL INVESTMENTS - 97.1% (Cost $114,731,116)        $111,010,863 
     OTHER ASSETS IN EXCESS OF LIABILITIES- 2.9%         3,373,910 
     NET ASSETS - 100.0%        $114,384,773 

 

   
LLC - Limited Liability Company
   
L.P. - Limited Partnership
   
SOFRRATE United States SOFR Secured Overnight Financing Rate
   
TSFR3M CME Term SOFR 3 Month
   
US0003M ICE LIBOR USD 3 Month

 

1.Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of December 31, 2023 the total market value of 144A securities is $4,700,459 or 4.1% of net assets.

 

2.Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

 

See accompanying notes to financial statements. 

E V E N T I D E   27
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Dividend Opportunities Fund
SCHEDULE OF INVESTMENTS (Unaudited) December 31, 2023

 

Shares      Fair Value 
     COMMON STOCKS — 97.9%     
     AUTOMOTIVE - 0.8%     
 58,419   Aptiv PLC1  $5,241,353 
           
     BANKING - 0.9%     
 70,000   Pinnacle Financial Partners, Inc.   6,105,400 
           
     BIOTECH & PHARMA - 1.8%     
 438,210   Royalty Pharma plc, Class A   12,309,319 
           
     CHEMICALS - 6.8%     
 82,851   Cabot Corporation   6,918,059 
 759,213   Element Solutions, Inc.   17,568,189 
 69,679   Sherwin-Williams Company (The)   21,732,879 
         46,219,127 
     DATA CENTER REIT - 0.9%     
 7,322   Equinix, Inc.   5,897,066 
           
     DIVERSIFIED INDUSTRIALS - 3.0%     
 280,056   Pentair PLC   20,362,872 
           
     ELECTRIC UTILITIES - 5.6%     
 220,926   CMS Energy Corporation   12,829,172 
 89,050   Sempra Energy   6,654,707 
 133,793   Southern Company (The)   9,381,565 
 231,996   Vistra Corporation   8,936,486 
         37,801,930 
     ELECTRICAL EQUIPMENT - 10.5%     
 611,190   nVent Electric PLC   36,115,217 
 142,594   Trane Technologies PLC   34,778,677 
         70,893,894 
     HEALTH CARE FACILITIES & SERVICES - 1.2%     
 125,461   Encompass Health Corporation   8,370,758 

 

See accompanying notes to financial statements.

E V E N T I D E   28
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Dividend Opportunities Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares      Fair Value 
     COMMON STOCKS — 97.9% (Continued)     
     HOME CONSTRUCTION - 2.7%     
 120,162   DR Horton, Inc.  $18,262,221 
           
     INDUSTRIAL REIT - 2.9%     
 109,416   EastGroup Properties, Inc.   20,082,212 
           
     INDUSTRIAL SUPPORT SERVICES - 3.9%     
 134,721   Ferguson PLC   26,010,584 
           
     INSTITUTIONAL FINANCIAL SERVICES - 2.3%     
 131,274   Houlihan Lokey, Inc.   15,741,065 
           
     INSURANCE - 3.3%     
 98,879   Arthur J Gallagher & Company   22,235,910 
           
     MACHINERY - 1.5%     
 46,709   IDEX Corporation   10,140,991 
           
     MEDICAL EQUIPMENT & DEVICES - 6.0%     
 169,280   Bruker Corporation   12,438,694 
 8,480   Mettler-Toledo International, Inc.1   10,285,901 
 78,869   STERIS plc   17,339,350 
         40,063,945 
     OIL & GAS PRODUCERS - 7.9%     
 86,765   Diamondback Energy, Inc.   13,455,516 
 208,358   Targa Resources Corporation   18,100,059 
 630,611   Williams Companies, Inc. (The)   21,964,182 
         53,519,757 
     RETAIL - DISCRETIONARY - 5.1%     
 28,434   Group 1 Automotive, Inc.   8,664,977 
 78,446   Lithia Motors, Inc.   25,830,698 
         34,495,675 
     SEMICONDUCTORS - 6.4%     
 89,456   Entegris, Inc.   10,718,618 

 

See accompanying notes to financial statements.

E V E N T I D E   29
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Dividend Opportunities Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares              Fair Value 
     COMMON STOCKS — 97.9% (Continued)             
     SEMICONDUCTORS - 6.4% (Continued)             
 55,863   KLA Corporation          $32,473,162 
                 43,191,780 
     SOFTWARE - 9.6%             
 43,867   Palo Alto Networks, Inc.1           12,935,501 
 60,043   Roper Technologies, Inc.           32,733,642 
 35,529   Synopsys, Inc.1           18,294,237 
                 63,963,380 
     TECHNOLOGY SERVICES - 8.3%             
 141,016   CDW Corporation           32,055,758 
 22,679   MSCI, Inc.           12,828,376 
 46,547   Verisk Analytics, Inc.           11,118,216 
                 56,002,350 
     TRANSPORTATION & LOGISTICS - 3.0%             
 49,200   Old Dominion Freight Line, Inc.           19,942,236 
                   
     WHOLESALE - CONSUMER STAPLES - 1.0%             
 94,105   Sysco Corporation           6,881,899 
                   
     WHOLESALE - DISCRETIONARY - 2.5%             
 42,791   Pool Corporation           17,061,200 
     TOTAL COMMON STOCKS (Cost $537,342,258)           660,796,924 
                   
Principal Amount ($)      Coupon Rate (%)  Maturity  Fair Value 
     CORPORATE BONDS — 0.5%           
     ASSET MANAGEMENT — 0.5%           
 3,250,000   Vision Fund International2,3,4,5  5.2600  11/30/25   3,250,000 
     TOTAL CORPORATE BONDS (Cost $3,250,000)         3,250,000 

 

See accompanying notes to financial statements.

E V E N T I D E   30
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Dividend Opportunities Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares      Fair Value 
     SHORT-TERM INVESTMENTS — 0.0%6     
     MONEY MARKET FUNDS - 0.0%6     
 108,779   Fidelity Government Portfolio, Class I, 5.24% (Cost $108,779)7  $108,779 
           
     TOTAL INVESTMENTS - 98.4% (Cost $540,701,037)  $664,155,703 
     OTHER ASSETS IN EXCESS OF LIABILITIES- 1.6%   10,888,264 
     NET ASSETS - 100.0%  $675,043,967 

 

   
MSCI - Morgan Stanley Capital International
   
PLC - Public Limited Company
   
REIT - Real Estate Investment Trust

 

1.Non-income producing security.

 

2.Illiquid security. The total fair value of these securities as of December 31, 2023 was $3,250,000, representing 0.5% of net assets.

 

3.The value of this security has been determined in good faith under policies of the Board of Trustees.

 

4.Private investment.

 

5.Restricted security.

 

6.Percentage rounds to less than 0.1%.

 

7.Rate disclosed is the seven day effective yield as of December 31, 2023.

 

See accompanying notes to financial statements.

E V E N T I D E   31
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Exponential Technologies Fund
SCHEDULE OF INVESTMENTS (Unaudited) December 31, 2023

 

Shares      Fair Value 
     COMMON STOCKS — 96.4%     
     ADVERTISING & MARKETING - 2.7%     
 48,389   Trade Desk, Inc. (The), Class A1  $3,482,072 
           
     BIOTECH & PHARMA - 2.6%     
 41,723   TransMedics Group, Inc.1   3,293,196 
           
     CONSUMER SERVICES - 4.3%     
 283,836   Coursera, Inc.1   5,497,903 
           
     MEDICAL EQUIPMENT & DEVICES - 1.6%     
 10,594   Shockwave Medical, Inc.1   2,018,793 
           
     SEMICONDUCTORS - 14.2%     
 27,356   Entegris, Inc.   3,277,796 
 5,560   KLA Corporation   3,232,028 
 5,125   Lam Research Corporation   4,014,208 
 42,313   Lattice Semiconductor Corporation1   2,919,174 
 7,448   Monolithic Power Systems, Inc.   4,698,050 
         18,141,256 
     SOFTWARE - 56.1%     
 398,774   Arteris, Inc.1   2,348,779 
 40,215   BILL Holdings, Inc.1   3,281,142 
 1,934   Constellation Software, Inc.   4,805,313 
 20,003   Crowdstrike Holdings, Inc., Class A1   5,107,166 
 29,529   Datadog, Inc., Class A1   3,584,230 
 231,433   Dlocal Ltd./Uruguay1   4,094,050 
 118,500   DoubleVerify Holdings, Inc.1   4,358,430 
 38,818   Five9, Inc.1   3,054,588 
 212,071   Flywire Corporation1   4,909,444 
 98,563   Global-e Online Ltd.1   3,906,052 
 5,497   HubSpot, Inc.1   3,191,228 
 85,983   Intapp, Inc.1   3,269,074 
 29,932   Monday.com Ltd.1   5,621,528 
 8,958   MongoDB, Inc.1   3,662,478 
 21,168   Palo Alto Networks, Inc.1   6,242,019 

 

See accompanying notes to financial statements.

E V E N T I D E   32
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Exponential Technologies Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares              Fair Value 
     COMMON STOCKS — 96.4% (Continued)             
     SOFTWARE - 56.1% (Continued)             
 47,673   Procore Technologies, Inc.1          $3,299,925 
 35,231   Sprout Social, Inc., Class A1           2,164,593 
 8,938   Synopsys, Inc.1           4,602,266 
                 71,502,305 
     TECHNOLOGY HARDWARE & EQUIPMENT - 10.3%             
 366,015   Xometry, Inc.1           13,143,599 
                   
     TECHNOLOGY SERVICES - 4.6%             
 156,895   Adyen N.V. - ADR1           2,020,808 
 213,111   Toast, Inc., Class A1           3,891,407 
                 5,912,215 
     TOTAL COMMON STOCKS (Cost $87,928,498)           122,991,339 
                   
Principal Amount ($)      Coupon Rate (%)  Maturity  Fair Value 
     CORPORATE BONDS — 0.6%           
     ASSET MANAGEMENT — 0.6%           
 750,000   Vision Fund International2,3,4,5  5.2600  11/30/25   750,000 
     TOTAL CORPORATE BONDS (Cost $750,000)         750,000 
                 
Shares              Fair Value 
     WARRANT — 0.0%6             
     SOFTWARE - 0.0%6             
 1,934   Constellation Software, Inc. (Canada)1,2,3            
                   
     TOTAL WARRANT (Cost $–)            

 

See accompanying notes to financial statements.

E V E N T I D E   33
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Exponential Technologies Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares      Fair Value 
     SHORT-TERM INVESTMENTS — 0.0%6     
     MONEY MARKET FUNDS - 0.0%6     
 12,195   Fidelity Government Portfolio, Class I, 5.24% (Cost $12,195)7  $12,195 
           
     TOTAL INVESTMENTS - 97.0% (Cost $88,690,693)  $123,753,534 
     OTHER ASSETS IN EXCESS OF LIABILITIES- 3.0%   3,879,146 
     NET ASSETS - 100.0%  $127,632,680 

 

   
ADR - American Depositary Receipt
   
LTD - Limited Company
   
N.V. - Naamioze Vennootschap

 

1.Non-income producing security.

 

2.Illiquid security. The total fair value of these securities as of December 31, 2023 was $750,000, representing 0.6% of net assets.

 

3.The value of this security has been determined in good faith under policies of the Board of Trustees.

 

4.Private investment.

 

5.Restricted security.

 

6.Percentage rounds to less than 0.1%.

 

7.Rate disclosed is the seven day effective yield as of December 31, 2023.

 

See accompanying notes to financial statements.

E V E N T I D E   34
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Gilead Fund
SCHEDULE OF INVESTMENTS (Unaudited) December 31, 2023

 

Shares      Fair Value 
     COMMON STOCKS — 94.5%     
     ADVERTISING & MARKETING - 1.8%     
 968,934   Trade Desk, Inc. (The), Class A1  $69,724,491 
           
     AUTOMOTIVE - 2.2%     
 719,700   Aptiv PLC1   64,571,484 
 177,081   Autoliv, Inc.   19,512,555 
         84,084,039 
     BIOTECH & PHARMA - 12.7%     
 2,568,543   Ardelyx, Inc.1   15,924,967 
 155,276   Argenx S.E. - ADR1   59,071,649 
 180,735   Ascendis Pharma A/S - ADR1   22,763,573 
 1,816,449   Celldex Therapeutics, Inc.1   72,040,367 
 1,344,376   Collegium Pharmaceutical, Inc.1   41,379,893 
 1,306,685   Dynavax Technologies Corporation1   18,267,456 
 2,717,741   Guardant Health, Inc.1   73,514,894 
 1,183,563   Mirum Pharmaceuticals, Inc.1   34,938,780 
 228,572   Mirum Pharmaceuticals, Inc. PIPE1,2,3,6   6,747,445 
 447,712   Scholar Rock Holding Corporation1   8,416,986 
 737,946   TransMedics Group, Inc.1   58,246,078 
 4,976,164   Zentalis Pharmaceuticals, Inc.1,2   75,388,884 
         486,700,972 
     COMMERCIAL SUPPORT SERVICES - 3.7%     
 490,000   Rollins, Inc.   21,398,300 
 804,000   Waste Connections, Inc.   120,013,080 
         141,411,380 
     CONSUMER SERVICES - 1.9%     
 3,651,040   Coursera, Inc.1   70,720,645 
           
     ELECTRICAL EQUIPMENT - 4.5%     
 125,900   Novanta, Inc.1   21,202,819 
 613,600   Trane Technologies PLC   149,657,040 
         170,859,859 
     FORESTRY, PAPER & WOOD PRODUCTS - 1.9%     
 882,000   Trex Company, Inc.1   73,020,780 

 

See accompanying notes to financial statements.

E V E N T I D E   35
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Gilead Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares      Fair Value 
     COMMON STOCKS — 94.5% (Continued)     
     HOME CONSTRUCTION - 2.5%     
 622,000   DR Horton, Inc.  $94,531,560 
           
     MEDICAL EQUIPMENT & DEVICES - 8.4%     
 517,376   Exact Sciences Corporation1   38,275,477 
 222,138   IDEXX Laboratories, Inc.1   123,297,697 
 75,000   Intuitive Surgical, Inc.1   25,302,000 
 63,357   Mettler-Toledo International, Inc.1   76,849,507 
 296,536   Shockwave Medical, Inc.1   56,507,900 
         320,232,581 
     OIL & GAS PRODUCERS - 1.8%     
 301,000   Cheniere Energy, Inc.   51,383,710 
 214,336   Targa Resources Corporation   18,619,368 
         70,003,078 
     RETAIL - DISCRETIONARY - 4.1%     
 171,076   Lithia Motors, Inc.   56,331,905 
 343,096   Lowe’s Companies, Inc.   76,356,015 
 30,033   O’Reilly Automotive, Inc.1   28,533,753 
         161,221,673 
     SEMICONDUCTORS - 6.7%     
 69,000   ASML Holding N.V.   52,227,480 
 397,941   Entegris, Inc.   47,681,291 
 79,558   Lam Research Corporation   62,314,598 
 512,605   Lattice Semiconductor Corporation1   35,364,619 
 90,818   Monolithic Power Systems, Inc.   57,286,178 
         254,874,166 
     SOFTWARE - 29.1%     
 482,524   BILL Holdings, Inc.1   39,369,133 
 475,426   Crowdstrike Holdings, Inc., Class A1   121,385,765 
 760,909   Datadog, Inc., Class A1   92,359,134 
 5,186,803   Dlocal Ltd./Uruguay1   91,754,545 
 1,800,728   DoubleVerify Holdings, Inc.1   66,230,776 
 1,339,339   Evolent Health, Inc., Class A1   44,238,367 
 664,271   Five9, Inc.1   52,271,485 
 3,987,738   Flywire Corporation1   92,316,135 

 

See accompanying notes to financial statements.

E V E N T I D E   36
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Gilead Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares      Fair Value 
     COMMON STOCKS — 94.5% (Continued)     
     SOFTWARE - 29.1% (Continued)     
 2,363,795   Global-e Online Ltd.1  $93,677,196 
 135,642   HubSpot, Inc.1   78,745,607 
 377,653   Monday.com Ltd.1   70,927,010 
 44,000   MongoDB, Inc.1   17,989,400 
 335,344   Palo Alto Networks, Inc.1   98,886,239 
 159,400   Roper Technologies, Inc.   86,900,098 
 550,849   Sprout Social, Inc., Class A1   33,844,163 
 89,331   Workday, Inc., Class A1   24,660,716 
         1,105,555,769 
     TECHNOLOGY HARDWARE & EQUIPMENT - 5.0%     
 5,320,474   Xometry, Inc.1,2   191,058,222 
           
     TECHNOLOGY SERVICES - 1.6%     
 3,434,299   Toast, Inc., Class A1   62,710,300 
           
     TRANSPORTATION & LOGISTICS - 4.1%     
 220,000   GXO Logistics, Inc.1   13,455,200 
 355,049   Old Dominion Freight Line, Inc.   143,912,011 
         157,367,211 
     WHOLESALE - DISCRETIONARY - 2.5%     
 237,000   Pool Corporation   94,494,270 
     TOTAL COMMON STOCKS (Cost $2,308,446,065)   3,608,570,996 
           
Shares      Fair Value 
     CONTINGENT VALUE RIGHTS — 0.1%     
     BIOTECH & PHARMA - 0.1%     
 3,982,940   Peloton Therapeutics, Inc. - CVR1,3,4,5,6   3,365,186 
     TOTAL CONTINGENT VALUE RIGHTS (Cost $–)   3,365,186 

 

See accompanying notes to financial statements.

E V E N T I D E   37
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Gilead Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares              Fair Value 
     PRIVATE INVESTMENTS — 0.6%             
     MEDICAL EQUIPMENT & DEVICES — 0.6%             
 1,881,322   Beta Bionics, Inc. Series B1,2,3,4,5,6           10,046,259 
 665,474   Beta Bionics, Inc. Series B21,2,3,4,5,6           3,613,525 
 964,052   Beta Bionics, Inc. Series C1,2,3,4,5,6           4,993,787 
 714,286   Beta Bionics, Inc. Series D1,2,3,4,5,6           3,935,716 
                 22,589,287 
     TOTAL PRIVATE INVESTMENTS (Cost $43,399,900)           22,589,287 
                   
Principal Amount ($)      Coupon Rate (%)  Maturity  Fair Value 
     CORPORATE BONDS — 1.1%           
     ASSET MANAGEMENT — 1.1%           
 12,000,000   Calvert Impact Capital, Inc.3  1.5000  11/15/24   12,000,000 
 2,000,000   Hope Global International3,4,5,6  4.0000  01/07/28   2,000,000 
 5,000,000   Vision Fund International3,4,5,6  4.7400  05/16/25   5,000,000 
 5,000,000   Vision Fund International3,4,5,6  5.9030  09/19/25   5,000,000 
 9,000,000   Vision Fund International3,4,5,6  5.2600  11/30/25   9,000,000 
 5,000,000   Vision Fund International3,4,5,6  3.1500  12/15/25   5,000,000 
 5,000,000   Vision Fund International3,4,5,6  3.2230  12/15/26   5,000,000 
               43,000,000 
     TOTAL CORPORATE BONDS (Cost $43,000,000)         43,000,000 
                 
Shares              Fair Value 
     WARRANT — 0.1%             
     MEDICAL EQUIPMENT & DEVICES - 0.1%             
 241,013   Beta Bionics, Inc. Series C Warrant1,2,3,4,5,6           1,274,959 
 500,000   Beta Bionics, Inc. Series D Warrant1,2,3,4,5,6           2,020,000 
                 3,294,959 
     TOTAL WARRANT (Cost $–)           3,294,959 

 

See accompanying notes to financial statements.

E V E N T I D E   38
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Gilead Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares      Fair Value 
     SHORT-TERM INVESTMENTS — 0.1%     
     MONEY MARKET FUNDS - 0.1%     
 5,063,928   Fidelity Government Portfolio, Class I, 5.24% (Cost $5,063,928)7  $5,063,928 
           
     TOTAL INVESTMENTS - 96.5% (Cost $2,399,909,893)  $3,685,884,356 
     OTHER ASSETS IN EXCESS OF LIABILITIES- 3.5%   134,526,254 
     NET ASSETS - 100.0%  $3,820,410,610 

 

   
ADR - American Depositary Receipt
   
A/S - Anonim Sirketi
   
CVR - Contingent Value Rights
   
LTD - Limited Company
   
N.V. - Naamioze Vennootschap
   
PIPE - Private Investment in Public Equity
   
PLC - Public Limited Company

 

1.Non-income producing security.

 

2.Affiliated Company – Eventide Gilead Fund holds in excess of 5% of outstanding voting securities of this security.

 

3.Illiquid security. The total fair value of these securities as of December 31, 2023 was $78,996,877, representing 2.1% of net assets.

 

4.The value of this security has been determined in good faith under policies of the Board of Trustees.

 

5.Private investment.

 

6.Restricted security.

 

7.Rate disclosed is the seven day effective yield as of December 31, 2023.

 

See accompanying notes to financial statements.

E V E N T I D E   39
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Healthcare & Life Sciences Fund
SCHEDULE OF INVESTMENTS (Unaudited) December 31, 2023

 

Shares      Fair Value 
     COMMON STOCKS — 92.3%     
     BIOTECH & PHARMA - 74.5%     
 809,391   ACADIA Pharmaceuticals, Inc.1  $25,342,032 
 12,178   Aerovate Therapeutics, Inc.1   275,588 
 87,000   Alnylam Pharmaceuticals, Inc.1   16,652,670 
 1,116,837   Amylyx Pharmaceuticals, Inc.1   16,439,841 
 427,000   AnaptysBio, Inc.1   9,146,340 
 209,794   Apellis Pharmaceuticals, Inc.1   12,558,269 
 240,000   Arcus Biosciences, Inc.1   4,584,000 
 4,235,000   Ardelyx, Inc.1   26,257,000 
 88,651   Argenx S.E. - ADR1   33,725,500 
 313,289   Arrowhead Pharmaceuticals, Inc.1   9,586,643 
 5,802,682   Aura Biosciences, Inc.1,2   51,411,763 
 346,712   Axsome Therapeutics, Inc.1   27,594,808 
 261,360   Beam Therapeutics, Inc.1   7,114,219 
 401,101   Biohaven Ltd.1   17,167,123 
 312,374   Blueprint Medicines Corporation1   28,813,378 
 579,414   Bridgebio Pharma, Inc.1   23,390,943 
 137,513   Bridgebio Pharma, Inc. PIPE1,3,6,7   5,551,400 
 1,812,364   Celldex Therapeutics, Inc.1   71,878,355 
 490,000   Cerevel Therapeutics Holdings, Inc.1   20,776,000 
 2,232,968   Cogent Biosciences, Inc.1   13,129,852 
 1,285,217   Collegium Pharmaceutical, Inc.1   39,558,979 
 1,059,633   Crinetics Pharmaceuticals, Inc.1   37,701,742 
 556,000   Cytokinetics, Inc.1   46,420,440 
 1,585,771   Dynavax Technologies Corporation1   22,169,079 
 1,168,310   Guardant Health, Inc.1   31,602,786 
 335,000   Ideaya Biosciences, Inc.1   11,919,300 
 763,000   ImmunoGen, Inc.1   22,622,950 
 121,508   Incyte Corporation1   7,629,487 
 3,179,837   Inozyme Pharma, Inc.1,2   13,546,106 
 635,185   Insmed, Inc.1   19,684,383 
 372,665   Intellia Therapeutics, Inc.1   11,362,556 
 740,554   Ironwood Pharmaceuticals, Inc.1   8,471,938 
 190,000   Karuna Therapeutics, Inc.1   60,136,900 
 580,000   Keros Therapeutics, Inc.1   23,060,800 
 546,325   Korro Bio, Inc.1,2,3,6   26,185,357 
 136,485   Krystal Biotech, Inc.1   16,932,329 

 

See accompanying notes to financial statements.

E V E N T I D E   40
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Healthcare & Life Sciences Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares      Fair Value 
     COMMON STOCKS — 92.3% (Continued)     
     BIOTECH & PHARMA – 74.5% (Continued)     
 2,045,454   Lexeo Therapeutics, Inc.1,2  $27,449,993 
 957,377   Lexeo Therapeutics, Inc.1,2,3,6   12,847,999 
 4,529,997   Marinus Pharmaceuticals, Inc.1,2   49,241,067 
 1,098,318   Mirum Pharmaceuticals, Inc.1   32,422,347 
 152,381   Mirum Pharmaceuticals, Inc. PIPE1,2,3,6   4,498,287 
 445,155   Prothena Corporation plc1   16,176,933 
 361,000   REVOLUTION Medicines, Inc.1   10,353,480 
 490,732   Rocket Pharmaceuticals, Inc.1   14,707,238 
 1,143,938   Roivant Sciences Ltd.1   12,846,424 
 89,219   Sarepta Therapeutics, Inc.1   8,603,388 
 525,000   Scholar Rock Holding Corporation1   9,870,000 
 439,474   TG Therapeutics, Inc.1   7,506,216 
 214,000   TransMedics Group, Inc.1   16,891,020 
 250,000   Turnstone Biologics Corporation1   636,250 
 458,317   Turnstone Biologics, Inc. Series D1,3,6   1,166,417 
 359,000   Ultragenyx Pharmaceutical, Inc.1   17,167,380 
 607,206   Vaxcyte, Inc.1   38,132,537 
 1,377,781   Verona Pharma plc - ADR1   27,390,286 
 750,000   Viking Therapeutics, Inc.1   13,957,500 
 6,581,258   Zentalis Pharmaceuticals, Inc.1,2   99,706,058 
         1,241,971,676 
     MEDICAL EQUIPMENT & DEVICES - 13.0%     
 1,430,995   908 Devices, Inc.1   16,055,764 
 565,546   Exact Sciences Corporation1   41,839,093 
 512,914   Inari Medical, Inc.1   33,298,377 
 125,090   Inspire Medical Systems, Inc.1   25,447,059 
 239,135   iRhythm Technologies, Inc.1   25,597,010 
 119,000   Repligen Corporation1   21,396,200 
 198,864   Shockwave Medical, Inc.1   37,895,524 
 564,000   Veracyte, Inc.1   15,515,640 
         217,044,667 
     SOFTWARE - 4.8%     
 1,298,805   Evolent Health, Inc., Class A1   42,899,529 
 1,000,000   Privia Health Group, Inc.1   23,030,000 
 1,375,980   R1 RCM, Inc.1   14,544,109 
         80,473,638 
     TOTAL COMMON STOCKS (Cost $1,332,560,404)   1,539,489,981 

 

See accompanying notes to financial statements.

E V E N T I D E   41
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Healthcare & Life Sciences Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares      Fair Value 
     CONTINGENT VALUE RIGHTS — 0.1%     
     BIOTECH & PHARMA - 0.1%     
 1,528,871   Peloton Therapeutics, Inc. - CVR1,3,4,5,6  $1,291,743 
     TOTAL CONTINGENT VALUE RIGHTS (Cost $–)   1,291,743 
           
Shares      Fair Value 
     PRIVATE INVESTMENTS— 4.2%     
     BIOTECH & PHARMA — 3.3%     
 4,643,043   Arch Oncology, Inc. Series C11,3,4,5,6   128,798 
 20,482,289   Avalyn Pharma Inc. Series C11,3,4,5,6   15,000,000 
 295,276   BioSplice Therapeutics, Inc. Series B-11,3,4,5,6   1,470,474 
 5,000,000   Casma Therapeutics, Inc. Series B11,2,3,4,5,6   1,495,000 
 5,000,000   Casma Therapeutics, Inc. Series B21,2,3,4,5,6   1,495,000 
 1,820,413   Casma Therapeutics, Inc. Series C11,2,3,4,5,6   544,303 
 1,219,013   Casma Therapeutics, Inc. Series C21,2,3,4,5,6   364,485 
 1,097,561   Flare Therapeutics, Inc. Series A1,3,4,5,6   1,320,366 
 902,439   Flare Therapeutics, Inc. Series A21,3,4,5,6   1,085,634 
 1,952,962   Flare Therapeutics, Inc. Series B1,3,4,5,6   2,349,413 
 928,098   Freenome Holdings, Inc. Series D1,3,4,5,6   6,999,994 
 5,000,000   Goldfinch Biopharma, Inc. Series A1,2,3,4,5,6    
 8,474,576   Goldfinch Biopharma, Inc. Series B1,2,3,4,5,6    
 4,237,288   Goldfinch Biopharma, Inc. Series B21,2,3,4,5,6    
 763,319   Kojin Therapeutics, Inc. Series A-11,3,4,5,6   467,228 
 763,319   Kojin Therapeutics, Inc. Series A-21,3,4,5,6   467,228 
 686,724   Metagenomi Technologies, LLC Series B1,3,4,5,6   9,660,833 
 98,875   Metagenomi Technologies, LLC Series B-11,3,4,5,6   1,390,974 
 1,017,770   Prometheus Laboratories, Inc.1,2,3,4,5,6   702,261 
 1,489,958   Shoreline Biosciences Series B1,3,4,5,6   10,295,610 
         55,237,601 

 

See accompanying notes to financial statements.

E V E N T I D E   42
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Healthcare & Life Sciences Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares              Fair Value 
     PRIVATE INVESTMENTS— 4.2% (Continued)             
     MEDICAL EQUIPMENT & DEVICES — 0.9%             
 940,661   Beta Bionics, Inc. Series B1,2,3,4,5,6          $5,023,128 
 809,361   Beta Bionics, Inc. Series B21,2,3,4,5,6           4,394,828 
 482,026   Beta Bionics, Inc. Series C1,2,3,4,5,6           2,496,894 
 476,190   Beta Bionics, Inc. Series D1,2,3,4,5,6           2,623,807 
                 14,538,657 
     TOTAL PRIVATE INVESTMENTS (Cost $132,293,679)           69,776,258 
                   
Principal Amount ($)      Coupon Rate (%)  Maturity  Fair Value 
     CONVERTIBLE BONDS — 0.2%           
     BIOTECH & PHARMA — 0.2%           
 2,500,000   Biosplice Therapeutics, Inc. Series C PIK3,4,5,6  10.5000  03/12/25   2,818,000 
     TOTAL CONVERTIBLE BONDS (Cost $2,500,000)         2,818,000 
                 
Shares              Fair Value 
     WARRANT — 0.1%             
     BIOTECH & PHARMA - 0.0%8             
 72,880   Biosplice Therapeutics, Inc. Series C Warrant1,3,4,5,6           71,422 
                   
     MEDICAL EQUIPMENT & DEVICES - 0.1%             
 120,500   Beta Bionics, Inc. Series C Warrant1,2,3,4,5,6           637,445 
 333,333   Beta Bionics, Inc. Series D Warrant1,2,3,4,5,6           1,346,666 
                 1,984,111 
                   
     TOTAL WARRANT (Cost $–)           2,055,533 
                   
Shares              Fair Value 
     SHORT-TERM INVESTMENTS — 0.2%             
     MONEY MARKET FUNDS - 0.2%             
 3,306,956   Fidelity Government Portfolio, Class I, 5.24% (Cost $3,306,956)9           3,306,956 
                   
     TOTAL INVESTMENTS - 97.1% (Cost $1,470,661,039)          $1,618,738,471 
     OTHER ASSETS IN EXCESS OF LIABILITIES- 2.9%           48,309,302 
     NET ASSETS - 100.0%          $1,667,047,773 

 

   
ADR - American Depositary Receipt
   
CVR - Contingent Value Rights
   
LLC - Limited Liability Company
   
LTD - Limited Company
   
PIK - Payment in Kind
   
PIPE - Private Investment in Public Equity
   
PLC - Public Limited Company

 

1.Non-income producing security.

 

2.Affiliated Company – Eventide Healthcare & Life Sciences Fund holds in excess of 5% of outstanding voting securities of this security.

 

3.Illiquid security. The total fair value of these securities as of December 31, 2023 was $126,190,994, representing 7.6% of net assets.

 

4.The value of this security has been determined in good faith under policies of the Board of Trustees.

 

5.Private investment.

 

6.Restricted security.

 

7.Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of December 31, 2023 the total market value of 144A securities is $5,551,400 or 0.3% of net assets.

 

8.Percentage rounds to less than 0.1%.

 

9.Rate disclosed is the seven day effective yield as of December 31, 2023.

 

See accompanying notes to financial statements.

E V E N T I D E   43
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Large Cap Focus Fund
SCHEDULE OF INVESTMENTS (Unaudited) December 31, 2023

 

Shares      Fair Value 
     COMMON STOCKS — 95.0%     
     ADVERTISING & MARKETING - 2.9%     
 12,707   Trade Desk, Inc. (The), Class A1  $914,396 
           
     AUTOMOTIVE - 1.9%     
 6,724   Aptiv PLC1   603,277 
           
     BIOTECH & PHARMA - 4.1%     
 1,719   Argenx S.E. - ADR1   653,959 
 3,140   Zoetis, Inc.   619,742 
         1,273,701 
     CHEMICALS - 9.8%     
 4,549   Linde plc   1,868,320 
 3,711   Sherwin-Williams Company (The)   1,157,461 
         3,025,781 
     COMMERCIAL SUPPORT SERVICES - 2.6%     
 5,417   Waste Connections, Inc.   808,596 
           
     ELECTRICAL EQUIPMENT - 3.4%     
 4,434   Trane Technologies PLC   1,081,452 
           
     MEDICAL EQUIPMENT & DEVICES - 9.1%     
 1,115   Align Technology, Inc.1   305,510 
 6,678   Edwards Lifesciences Corporation1   509,198 
 1,663   IDEXX Laboratories, Inc.1   923,048 
 1,629   Intuitive Surgical, Inc.1   549,559 
 433   Mettler-Toledo International, Inc.1   525,212 
         2,812,527 
     RETAIL - DISCRETIONARY - 5.5%     
 3,115   Lowe’s Companies, Inc.   693,243 
 1,047   O’Reilly Automotive, Inc.1   994,734 
         1,687,977 
     SEMICONDUCTORS - 11.3%     
 798   ASML Holding N.V.   604,022 
 1,034   KLA Corporation   601,064 
 785   Lam Research Corporation   614,859 

 

See accompanying notes to financial statements.

E V E N T I D E   44
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Large Cap Focus Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares      Fair Value 
     COMMON STOCKS — 95.0% (Continued)     
     SEMICONDUCTORS - 11.3% (Continued)     
 1,555   NVIDIA Corporation  $770,067 
 8,736   Taiwan Semiconductor Manufacturing Company Ltd. - ADR   908,544 
         3,498,556 
     SOFTWARE - 36.0%     
 379   Constellation Software, Inc.   941,682 
 3,617   Crowdstrike Holdings, Inc., Class A1   923,492 
 6,474   Datadog, Inc., Class A1   785,814 
 1,965   Intuit, Inc.   1,228,184 
 6,289   Palo Alto Networks, Inc.1   1,854,501 
 1,134   Roper Technologies, Inc.   618,223 
 1,968   ServiceNow, Inc.1   1,390,372 
 8,905   Shopify, Inc., Class A1   693,700 
 2,640   Synopsys, Inc.1   1,359,362 
 5,038   Workday, Inc., Class A1   1,390,790 
         11,186,120 
     TECHNOLOGY SERVICES - 5.9%     
 4,190   S&P Global, Inc.   1,845,779 
           
     TRANSPORTATION & LOGISTICS - 2.5%     
 1,878   Old Dominion Freight Line, Inc.   761,210 
     TOTAL COMMON STOCKS (Cost $24,709,416)   29,499,372 
           
Shares      Fair Value 
     WARRANT — 0.0%2     
     SOFTWARE - 0.0%2     
 252   Constellation Software, Inc. (Canada)1,3,4    
     TOTAL WARRANT (Cost $–)    

 

See accompanying notes to financial statements.

E V E N T I D E   45
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Large Cap Focus Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Shares      Fair Value 
     SHORT-TERM INVESTMENTS — 4.4%     
     MONEY MARKET FUNDS - 4.4%     
 1,351,058   First American Government Obligations Fund, Class U, 5.30% (Cost $1,351,058)5  $1,351,058 
           
     TOTAL INVESTMENTS - 99.4% (Cost $26,060,474)  $30,850,430 
     OTHER ASSETS IN EXCESS OF LIABILITIES- 0.6%   183,182 
     NET ASSETS - 100.0%  $31,033,612 

 

   
ADR - American Depositary Receipt
   
LTD - Limited Company
   
N.V. - Naamioze Vennootschap
   
PLC - Public Limited Company

 

1.Non-income producing security.

 

2.Percentage rounds to less than 0.1%.

 

3.Illiquid security. The total fair value of these securities as of December 31, 2023 was $0, representing 0.0% of net assets.

 

4.The value of this security has been determined in good faith under policies of the Board of Trustees.

 

5.Rate disclosed is the seven day effective yield as of December 31, 2023.

 

See accompanying notes to financial statements.

E V E N T I D E   46
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited) December 31, 2023

 

Principal Amount ($)          Coupon Rate (%)  Maturity  Fair Value 
     ASSET BACKED SECURITIES — 5.5%               
     AUTO LOAN — 3.6%               
 2,600,000   CarMax Auto Owner Trust Series 2020-4 C      1.3000  08/17/26  $2,489,979 
 1,000,000   CarMax Auto Owner Trust Series 2021-2 C      1.3400  02/16/27   937,713 
 1,500,000   CarMax Auto Owner Trust Series 2021-2 D      1.5500  10/15/27   1,402,149 
                   4,829,841 
     OTHER ABS — 1.9%               
 2,450,000   PFS Financing Corporation Series 2020-G A1      0.9700  02/15/26   2,435,661 
     TOTAL ASSET BACKED SECURITIES (Cost $7,567,036)             7,265,502 
                     
Principal Amount ($)      Spread  Coupon Rate (%)  Maturity  Fair Value 
     CORPORATE BONDS — 63.0%              
     AUTOMOTIVE — 1.1%              
 1,500,000   Honda Motor Company Ltd.     2.2710  03/10/25   1,454,834 
                    
     BANKING — 7.4%              
 3,000,000   Bank of America Corporation Series N2  TSFR3M + 1.132%  2.4560  10/22/25   2,922,254 
 2,575,000   JPMorgan Chase & Company2  SOFRRATE + 1.330%  6.0700  10/22/27   2,651,223 
 3,000,000   Royal Bank of Canada     1.1500  07/14/26   2,747,015 
 1,450,000   Toronto-Dominion Bank (The)     1.2500  12/13/24   1,396,103 
                  9,716,595 
     BIOTECH & PHARMA — 1.5%              
 2,000,000   Zoetis, Inc.     3.9000  08/20/28   1,959,638 
                    
     CONSTRUCTION MATERIALS — 1.0%              
 1,350,000   Advanced Drainage Systems, Inc.1     5.0000  09/30/27   1,304,080 
                    
     ELEC & GAS MARKETING & TRADING — 0.7%              
 1,000,000   Southern Power Company     0.9000  01/15/26   922,063 
                    
     ELECTRIC UTILITIES — 11.1%              
 1,550,000   AES Corporation (The)     1.3750  01/15/26   1,435,330 
 1,500,000   Avangrid, Inc.     3.1500  12/01/24   1,465,937 

 

See accompanying notes to financial statements.

E V E N T I D E   47
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Spread  Coupon Rate (%)  Maturity  Fair Value 
     CORPORATE BONDS — 63.0% (Continued)              
     ELECTRIC UTILITIES — 11.1% (Continued)              
 1,104,000   CenterPoint Energy, Inc.2  SOFRRATE + 0.650%  5.9960  05/13/24  $1,104,016 
 2,250,000   CMS Energy Corporation     3.8750  03/01/24   2,242,594 
 2,500,000   Duke Energy Florida, LLC     2.5000  12/01/29   2,234,040 
 1,275,000   Georgia Power Company     3.2500  04/01/26   1,226,406 
 2,650,000   MidAmerican Energy Company     3.1000  05/01/27   2,537,463 
 2,250,000   NextEra Energy Capital Holdings, Inc.     4.9000  02/28/28   2,272,475 
                  14,518,261 
     ELECTRICAL EQUIPMENT — 1.3%              
 1,700,000   Lennox International, Inc.     5.5000  09/15/28   1,748,364 
                    
     ENGINEERING & CONSTRUCTION — 3.1%              
 1,175,000   Installed Building Products, Inc.1     5.7500  02/01/28   1,146,230 
 1,600,000   MasTec, Inc.1     4.5000  08/15/28   1,505,766 
 1,500,000   Quanta Services, Inc.     0.9500  10/01/24   1,446,117 
                  4,098,113 
     FORESTRY, PAPER & WOOD PRODUCTS — 0.9%              
 1,375,000   Louisiana-Pacific Corporation1     3.6250  03/15/29   1,233,248 
                    
     HOME & OFFICE PRODUCTS — 0.9%              
 1,250,000   Tempur Sealy International, Inc.1     4.0000  04/15/29   1,130,074 
                    
     HOME CONSTRUCTION — 1.8%              
 1,375,000   M/I Homes, Inc.     4.9500  02/01/28   1,324,455 
 1,000,000   Patrick Industries, Inc.1     7.5000  10/15/27   1,005,365 
                  2,329,820 
     INDUSTRIAL SUPPORT SERVICES — 1.1%              
 1,450,000   United Rentals North America, Inc.     3.8750  11/15/27   1,385,043 
                    
     INSTITUTIONAL FINANCIAL SERVICES — 3.9%              
 3,000,000   Morgan Stanley2  SOFRRATE + 0.745%  0.8640  10/21/25   2,882,576 
 2,200,000   Nasdaq, Inc.     5.3500  06/28/28   2,266,276 
                  5,148,852 

 

See accompanying notes to financial statements.

E V E N T I D E   48
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Spread  Coupon Rate (%)  Maturity  Fair Value 
     CORPORATE BONDS — 63.0% (Continued)              
     INSURANCE — 4.9%              
 3,000,000   Aflac, Inc.     1.1250  03/15/26  $2,771,586 
 2,300,000   Brown & Brown, Inc.     4.2000  09/15/24   2,276,107 
 1,425,000   Pacific Life Global Funding II1     1.3750  04/14/26   1,317,969 
                  6,365,662 
     MACHINERY — 2.6%              
 1,500,000   Mueller Water Products, Inc.1     4.0000  06/15/29   1,368,163 
 2,250,000   Xylem, Inc./NY     1.9500  01/30/28   2,036,533 
                  3,404,696 
     OIL & GAS PRODUCERS — 2.7%              
 1,650,000   Cheniere Energy Partners, L.P.     4.5000  10/01/29   1,576,969 
 2,150,000   Diamondback Energy, Inc.     3.5000  12/01/29   2,000,535 
                  3,577,504 
     REAL ESTATE INVESTMENT TRUSTS — 6.5%              
 1,675,000   Alexandria Real Estate Equities, Inc.     3.8000  04/15/26   1,631,681 
 1,000,000   American Tower Corporation     3.3750  05/15/24   990,824 
 1,400,000   HAT Holdings I, LLC/HAT Holdings II, LLC1     3.3750  06/15/26   1,316,681 
 2,200,000   Public Storage2  SOFRRATE + 0.470%  5.8200  04/23/24   2,199,971 
 2,500,000   Welltower, Inc.     2.7000  02/15/27   2,347,659 
                  8,486,816 
     RETAIL - DISCRETIONARY — 2.7%              
 700,000   Asbury Automotive Group, Inc.     4.5000  03/01/28   665,423 
 2,500,000   AutoZone, Inc.     4.5000  02/01/28   2,486,767 
 500,000   Builders FirstSource, Inc.1     5.0000  03/01/30   483,405 
                  3,635,595 
     SEMICONDUCTORS — 1.0%              
 1,450,000   Synaptics, Inc.1     4.0000  06/15/29   1,302,595 
                    
     SOFTWARE — 3.8%              
 750,000   Intuit, Inc.     5.1250  09/15/28   776,332 
 2,250,000   Roper Technologies, Inc.     4.2000  09/15/28   2,215,055 
 2,000,000   Workday, Inc.     3.5000  04/01/27   1,937,515 
                  4,928,902 
     TECHNOLOGY SERVICES — 1.4%              
 1,900,000   Verisk Analytics, Inc.     4.0000  06/15/25   1,867,313 

 

See accompanying notes to financial statements.

E V E N T I D E   49
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Spread  Coupon Rate (%)  Maturity  Fair Value 
     CORPORATE BONDS — 63.0% (Continued)              
     WHOLESALE - CONSUMER STAPLES — 1.6%              
 1,000,000   Sysco Corporation     3.7500  10/01/25  $976,591 
 1,250,000   Sysco Corporation     2.4000  02/15/30   1,104,978 
                  2,081,569 
     TOTAL CORPORATE BONDS (Cost $84,826,963)            82,599,637 
                    
Principal Amount ($)          Coupon Rate (%)  Maturity  Fair Value 
     MUNICIPAL BONDS — 6.5%               
     COMBINED UTILITIES — 1.2%               
 1,525,000   City of Tacoma, WA Electric System Revenue      5.6410  01/01/27   1,569,651 
                     
     COUNTY — 0.8%               
 1,115,000   City & County of Honolulu, HI      2.5180  10/01/26   1,060,021 
                     
     MISCELLANEOUS TAX — 1.5%               
 2,050,000   Commonwealth of Massachusetts      3.6390  07/15/24   2,033,458 
                     
     MULTI-FAMILY HOUSING — 0.6%               
 500,000   New York City Housing Development Corporation      1.9300  02/01/25   483,695 
 100,000   New York State Housing Finance Agency      0.5000  05/01/24   99,043 
 250,000   New York State Housing Finance Agency      2.2000  11/01/24   243,999 
                   826,737 
     SINGLE-FAMILY HOUSING — 0.1%               
 45,000   Maryland Community Development Administration      3.2420  09/01/48   43,691 
 35,000   Massachusetts Housing Finance Agency      4.0000  06/01/39   34,858 
                   78,549 
     STATE — 0.8%               
 300,000   State of Oregon      0.7950  05/01/24   295,929 
 500,000   State of Oregon      0.8120  11/01/24   483,430 
 300,000   State of Oregon      0.8950  05/01/25   285,275 
                   1,064,634 

 

See accompanying notes to financial statements.

E V E N T I D E   50
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)          Coupon Rate (%)  Maturity  Fair Value 
     MUNICIPAL BONDS — 6.5% (Continued)               
     WATER AND SEWER — 1.5%               
 2,000,000   Boston Water & Sewer Commission      0.9650  11/01/25  $1,874,899 
     TOTAL MUNICIPAL BONDS (Cost $8,863,180)             8,507,949 
                     
Principal Amount ($)      Spread  Coupon Rate (%)  Maturity  Fair Value 
     U.S. GOVERNMENT & AGENCIES — 22.2%              
     AGENCY FIXED RATE — 1.8%              
 1,315,929   Freddie Mac Pool RD5050     2.0000  02/01/31   1,233,724 
 1,207,874   Ginnie Mae II Pool MA7107     2.5000  01/20/36   1,108,566 
                  2,342,290 
     AGENCY HYBRID ARMS — 0.0%3              
 6,190   Ginnie Mae II Pool 829032  H15T1Y + 1.500%  3.6250  08/20/41   6,171 
                    
     ARMS — 0.0%3              
 1,711   Fannie Mae Pool 7915732  H15T1Y + 2.170%  6.1700  08/01/34   1,708 
 12   Ginnie Mae II Pool 83752  H15T1Y + 1.500%  3.6250  02/20/24   12 
 27   Ginnie Mae II Pool 83952  H15T1Y + 1.500%  3.6250  03/20/24   27 
 8   Ginnie Mae II Pool 84102  H15T1Y + 1.500%  3.8750  04/20/24   8 
 80   Ginnie Mae II Pool 84212  H15T1Y + 1.500%  3.8750  05/20/24   80 
 135   Ginnie Mae II Pool 85022  H15T1Y + 1.500%  3.6250  09/20/24   134 
 210   Ginnie Mae II Pool 85032  H15T1Y + 1.500%  3.6250  09/20/24   209 
 222   Ginnie Mae II Pool 85652  H15T1Y + 1.500%  3.0000  12/20/24   220 
 559   Ginnie Mae II Pool 85672  H15T1Y + 1.500%  3.5000  12/20/24   556 
 1,395   Ginnie Mae II Pool 85952  H15T1Y + 1.500%  3.6250  02/20/25   1,380 
 398   Ginnie Mae II Pool 86602  H15T1Y + 1.500%  3.6250  07/20/25   395 
 11,658   Ginnie Mae II Pool 805692  H15T1Y + 1.500%  3.6250  01/20/32   11,721 
 1,493   Ginnie Mae II Pool 806592  H15T1Y + 1.500%  2.7500  12/20/32   1,472 
                  17,922 
     GOVERNMENT OWNED, NO GUARANTEE — 6.8%              
 1,000,000   Federal Home Loan Mortgage Corporation     5.8500  08/23/27   999,984 
 1,250,000   Federal Home Loan Mortgage Corporation     5.0000  09/18/28   1,252,807 
 2,000,000   Federal Home Loan Mortgage Corporation     6.0000  09/28/28   2,001,017 
 2,000,000   Federal National Mortgage Association     4.1250  08/28/25   1,990,017 

 

See accompanying notes to financial statements.

E V E N T I D E   51
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) December 31, 2023

 

Principal Amount ($)      Spread  Coupon Rate (%)  Maturity  Fair Value 
     U.S. GOVERNMENT & AGENCIES — 22.2% (Continued)              
     GOVERNMENT OWNED, NO GUARANTEE — 6.8% (Continued)              
 2,400,000   Federal National Mortgage Association     6.2500  05/15/29  $2,666,757 
                  8,910,582 
     GOVERNMENT SPONSORED — 13.6%              
 2,500,000   Federal Farm Credit Banks Funding Corporation     4.5000  01/10/25   2,498,855 
 1,500,000   Federal Farm Credit Banks Funding Corporation     4.0000  01/13/26   1,489,667 
 1,000,000   Federal Farm Credit Banks Funding Corporation     2.9200  04/29/26   969,108 
 1,500,000   Federal Farm Credit Banks Funding Corporation     5.3000  10/19/26   1,500,060 
 1,000,000   Federal Farm Credit Banks Funding Corporation     3.8750  02/14/28   995,183 
 1,000,000   Federal Farm Credit Banks Funding Corporation     4.3750  03/10/28   1,015,318 
 1,000,000   Federal Farm Credit Banks Funding Corporation     3.5000  04/12/28   980,391 
 1,250,000   Federal Farm Credit Banks Funding Corporation     3.6250  07/24/28   1,230,460 
 1,000,000   Federal Farm Credit Banks Funding Corporation     4.2500  12/15/28   1,015,873 
 1,600,000   Federal Farm Credit Banks Funding Corporation     4.5000  03/09/29   1,638,529 
 2,000,000   Federal Farm Credit Banks Funding Corporation     4.6250  04/05/29   2,064,976 
 1,000,000   Federal Home Loan Mortgage Corporation     5.2000  05/17/24   999,231 
 1,500,000   Federal Home Loan Mortgage Corporation     5.2500  12/09/24   1,499,219 
                  17,896,870 
     TOTAL U.S. GOVERNMENT & AGENCIES (Cost $29,289,065)            29,173,835 
                    
     TOTAL INVESTMENTS - 97.2% (Cost $130,546,244)           $127,546,923 
     OTHER ASSETS IN EXCESS OF LIABILITIES- 2.8%            3,674,708 
     NET ASSETS - 100.0%           $131,221,631 

 

   
LLC - Limited Liability Company
   
L.P. - Limited Partnership
   
LTD - Limited Company
   
H15T1Y US Treasury Yield Curve Rate T Note Constant Maturity 1 Year
   
SOFRRATE United States SOFR Secured Overnight Financing Rate
   
TSFR3M CME Term SOFR 3 Month

 

1.Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of December 31, 2023 the total market value of 144A securities is $15,549,237 or 11.9% of net assets.

 

2.Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

 

3.Percentage rounds to less than 0.1%.

 

See accompanying notes to financial statements.

E V E N T I D E   52
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Funds
STATEMENTS OF ASSETS AND LIABILITIES (Unaudited)
December 31, 2023
 
       Eventide   Eventide   Eventide     
   Eventide   Core Bond   Dividend   Exponential   Eventide 
   Balanced Fund   Fund   Opportunities Fund   Technologies Fund   Gilead Fund 
ASSETS                         
Investment securities:                         
Unaffiliated investments at cost  $310,583,395   $114,731,116   $540,701,037   $88,690,693   $2,096,115,167 
Affiliated investments at cost                   303,794,726 
Total Investments at cost   310,583,395    114,731,116    540,701,037    88,690,693    2,399,909,893 
Unaffiliated investments at value  $339,220,305   $111,010,863   $664,155,703   $123,753,534   $3,386,805,559 
Affiliated investments at value                   299,078,797 
Total investments at value   339,220,305    111,010,863    664,155,703    123,753,534    3,685,884,356 
Cash held at custodian   3,822,299    3,280,781    9,894,786    3,981,342    140,198,805 
Cash held at broker   109,302        105,503    217,550    121,179 
Receivable for securities sold                   5,170,311 
Receivable for Fund shares sold   1,381,185    262,109    1,725,022    73,564    1,680,430 
Dividends and interest receivable   1,381,205    938,400    348,569    36,855    1,011,762 
Prepaid expenses and other assets   62,272    5,292    93,604    36,011    143,712 
TOTAL ASSETS   345,976,568    115,497,445    676,323,187    128,098,856    3,834,210,555 
                          
LIABILITIES                         
Payable for investments purchased       978,005            1,619,315 
Payable for Fund shares repurchased   742,904    39,656    472,945    255,942    7,511,410 
Advisory fees payable   144,611    22,443    403,138    117,090    3,032,403 
Distribution (12b-1) fees payable   92,592    15,571    135,972    32,826    247,785 
Compliance officer fees payable   816    245             
Payable to related parties   106,735    27,792    130,207    17,448    459,819 
Accrued expenses and other liabilities   120,952    28,960    136,958    42,870    929,213 
TOTAL LIABILITIES   1,208,610    1,112,672    1,279,220    466,176    13,799,945 
NET ASSETS  $344,767,958   $114,384,773   $675,043,967   $127,632,680   $3,820,410,610 
                          
Composition of Net Assets:                         
Paid in capital  $329,639,465   $131,012,350   $601,389,388   $151,328,752   $2,555,070,016 
Accumulated earnings (losses)   15,128,493    (16,627,577)   73,654,579    (23,696,072)   1,265,340,594 
NET ASSETS  $344,767,958   $114,384,773   $675,043,967   $127,632,680   $3,820,410,610 
                          

See accompanying notes to financial statements.

E V E N T I D E   53
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Funds
STATEMENTS OF ASSETS AND LIABILITIES (Unaudited) (Continued)
December 31, 2023
 
       Eventide   Eventide   Eventide     
   Eventide   Core Bond   Dividend   Exponential   Eventide 
   Balanced Fund   Fund   Opportunities Fund   Technologies Fund   Gilead Fund 
Net Asset Value Per Share:                         
Class N Shares:                         
Net Assets  $28,414,480   $35,004,664   $87,298,989   $23,206,666   $518,922,203 
Shares of beneficial interest outstanding 1   2,157,315    4,232,056    5,416,308    1,785,984    10,268,717 
Net asset value (Net Assets ÷ Shares Outstanding), offering price, and redemption price per share  $13.17   $8.27   $16.12   $12.99   $50.53 
                          
Class A Shares:                         
Net Assets  $26,872,734   $298,516   $43,868,430   $9,272,244   $361,512,982 
Shares of beneficial interest outstanding 1   2,036,193    35,932    2,719,937    713,613    7,204,497 
Net asset value (Net Assets ÷ Shares Outstanding) and redemption price per share  $13.20   $8.31   $16.13   $12.99   $50.18 
Maximum offering price per share (net asset value plus maximum sales charge of 5.75%)  $14.01   $8.82   $17.11   $13.78   $53.24 
                          
Class C Shares:                         
Net Assets  $15,866,332   $217,081   $16,280,498   $2,920,859   $198,915,895 
Shares of beneficial interest outstanding 1   1,211,308    26,381    1,019,718    230,776    4,525,593 
Net asset value (Net Assets ÷ Shares Outstanding), offering price, and redemption price per share  $13.10   $8.23   $15.97   $12.66   $43.95 
                          
Class I Shares:                         
Net Assets  $273,614,412   $78,864,512   $527,596,050   $92,232,911   $2,741,059,530 
Shares of beneficial interest outstanding 1   20,770,602    9,534,597    32,705,290    7,044,193    52,491,555 
Net asset value (Net Assets ÷ Shares Outstanding), offering price, and redemption price per share  $13.17   $8.27   $16.13   $13.09   $52.22 
                          
1.Unlimited number of shares of beneficial interest authorized, no par value.

 

See accompanying notes to financial statements.

E V E N T I D E   54
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Funds
STATEMENTS OF ASSETS AND LIABILITIES (Unaudited) (Continued)
December 31, 2023
 
   Eventide   Eventide   Eventide 
   Healthcare &   Large Cap   Limited-Term 
   Life Sciences Fund   Focus Fund   Bond Fund 
ASSETS               
Investment securities:               
Unaffiliated investments at cost  $1,092,649,808   $26,060,474   $130,546,244 
Affiliated investments at cost   378,011,231         
Investments at cost   1,470,661,039    26,060,474    130,546,244 
Unaffiliated investments at value  $1,312,728,024   $30,850,430   $127,546,923 
Affiliated investments at value   306,010,447         
Total investments at value   1,618,738,471    30,850,430    127,546,923 
Cash held at custodian   51,802,123    1,349,632    3,276,944 
Cash held at broker   113,894         
Receivable for securities sold   949,451         
Receivable for Fund shares sold   1,316,664    198,906    131,024 
Dividends and interest receivable   547,466    13,866    1,152,035 
Prepaid expenses and other assets   88,624    25,757    54,045 
TOTAL ASSETS   1,673,556,693    32,438,591    132,160,971 
                
LIABILITIES               
Payable for investments purchased   3,390,044    1,367,459    705,180 
Payable for Fund shares repurchased   1,013,486    10,868    57,802 
Advisory fees payable   1,451,937    4,688    11,023 
Distribution (12b-1) fees payable   123,902        10,663 
Compliance officer fees payable           485 
Payable to related parties   121,848    8,406    71,602 
Accrued expenses and other liabilities   407,703    13,558    82,585 
TOTAL LIABILITIES   6,508,920    1,404,979    939,340 
NET ASSETS  $1,667,047,773   $31,033,612   $131,221,631 
                
Composition of Net Assets:               
Paid in capital  $1,536,966,718   $27,009,915   $142,277,130 
Accumulated earnings (losses)   130,081,055    4,023,697    (11,055,499)
NET ASSETS  $1,667,047,773   $31,033,612   $131,221,631 
                

See accompanying notes to financial statements.

E V E N T I D E   55
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Funds
STATEMENTS OF ASSETS AND LIABILITIES (Unaudited) (Continued)
December 31, 2023
 
   Eventide   Eventide   Eventide 
   Healthcare &   Large Cap   Limited-Term 
   Life Sciences Fund   Focus Fund   Bond Fund 
Net Asset Value Per Share:               
Class N Shares:               
Net Assets  $111,155,541   $5,687,977   $17,982,792 
Shares of beneficial interest outstanding 1   3,071,667    458,274    1,813,717 
Net asset value (Net Assets ÷ Shares Outstanding), offering price, and redemption price per share  $36.19   $12.41   $9.91 
                
Class A Shares:               
Net Assets  $142,912,062   $602,949   $10,811,065 
Shares of beneficial interest outstanding 1   3,979,322    48,655    1,087,752 
Net asset value (Net Assets ÷ Shares Outstanding) and redemption price per share  $35.91   $12.39   $9.94 
Maximum offering price per share (net asset value plus maximum sales charge of 5.75%)  $38.10   $13.15   $10.55 
                
Class C Shares:               
Net Assets  $67,215,046   $46,332   $1,323,179 
Shares of beneficial interest outstanding 1   2,045,754    3,775    134,021 
Net asset value (Net Assets ÷ Shares Outstanding), offering price, and redemption price per share  $32.86   $12.27   $9.87 
                
Class I Shares:               
Net Assets  $1,345,765,124   $24,696,354   $101,104,595 
Shares of beneficial interest outstanding 1   36,361,060    1,987,179    9,938,664 
Net asset value (Net Assets ÷ Shares Outstanding), offering price, and redemption price per share  $37.01   $12.43   $10.17 
                
1.Unlimited number of shares of beneficial interest authorized, no par value.

 

See accompanying notes to financial statements.

E V E N T I D E   56
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Funds
STATEMENTS OF OPERATIONS (Unaudited)
For the Six Months Ended December 31, 2023
 
       Eventide   Eventide   Eventide     
   Eventide   Core Bond   Dividend   Exponential   Eventide 
   Balanced Fund   Fund   Opportunities Fund   Technologies Fund   Gilead Fund 
INVESTMENT INCOME                         
Dividend income  $1,300,951   $   $4,581,352   $64,233   $8,828,643 
Interest   2,922,891    1,652,223    500,450    89,163    4,129,134 
Less: Foreign dividend withholding taxes           (149)   (628)   (299,754)
TOTAL INVESTMENT INCOME   4,223,842    1,652,223    5,081,653    152,768    12,658,023 
                          
EXPENSES                         
Investment advisory fees   995,429    142,173    2,200,874    631,554    17,613,759 
Distribution (12b-1) fees:                         
Class N   29,508    35,760    91,288    21,524    499,711 
Class A   31,559    426    48,017    10,391    426,978 
Class C   78,416    1,041    75,945    13,168    988,092 
Shareholder servicing fees   200,635    49,150    331,200    81,121    1,949,392 
Printing and postage expenses   85,698    13,833    92,245    12,350    181,479 
Financial administration/fund accounting fees   73,414    22,809    90,209    24,094    476,920 
Registration fees   50,600    34,040    50,600    35,144    73,600 
Legal administration/management services fees   34,799    8,766    63,253    12,032    380,752 
Transfer agent fees   21,633    8,679    26,998    16,041    163,559 
Custodian fees   11,539    2,721    11,263    4,964    118,921 
Legal fees   10,480    9,155    10,056    11,379    17,640 
Compliance officer fees   9,336    5,835    8,981    5,253    69,274 
Audit fees   8,571    7,435    6,554    6,427    16,131 
Trustees fees and expenses   6,856    6,856    6,856    6,856    6,856 
Insurance expense   6,440    1,840    6,440    1,288    55,200 
Other expenses   2,252    2,773    2,773    2,318    6,326 
TOTAL EXPENSES   1,657,165    353,292    3,123,552    895,904    23,044,590 
                          
Less: Fees waived/reimbursed by the Advisor   (157,026)   (72,967)   (41,498)   (29,311)    
NET EXPENSES   1,500,139    280,325    3,082,054    866,593    23,044,590 
                          
NET INVESTMENT INCOME (LOSS)   2,723,703    1,371,898    1,999,599    (713,825)   (10,386,567)
                          
REALIZED AND UNREALIZED GAIN (LOSS) FROM INVESTMENTS                         
Net realized gain (loss) from:                         
Unaffiliated investments   38,403    (1,724,632)   (7,033,328)   (1,710,329)   41,786,937 
Foreign currency transactions               (1,910)   (28,609)
Net realized gain (loss) from:   38,403    (1,724,632)   (7,033,328)   (1,712,239)   41,758,328 
Net change in unrealized appreciation on:                         
Unaffiliated investments   19,051,349    4,244,491    66,839,005    12,446,416    81,259,543 
Affiliated investments (See Note 5)                   51,869,320 
Net change in unrealized appreciation on:   19,051,349    4,244,491    66,839,005    12,446,416    133,128,863 
                          
NET REALIZED AND UNREALIZED GAIN FROM INVESTMENTS   19,089,752    2,519,859    59,805,677    10,734,177    174,887,191 
                          
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS  $21,813,455   $3,891,757   $61,805,276   $10,020,352   $164,500,624 
                          

See accompanying notes to financial statements.

E V E N T I D E   57
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Funds
STATEMENTS OF OPERATIONS (Unaudited) (Continued)
For the Six Months Ended December 31, 2023
 
   Eventide   Eventide   Eventide 
   Healthcare &   Large Cap   Limited-Term 
   Life Sciences Fund   Focus Fund   Bond Fund 
INVESTMENT INCOME               
Dividend income  $   $47,409   $ 
Interest   2,485,292    37,916    2,177,879 
Less: Foreign dividend withholding taxes       (1,708)    
TOTAL INVESTMENT INCOME   2,485,292    83,617    2,177,879 
                
EXPENSES               
Investment advisory fees   8,796,916    73,537    202,386 
Distribution (12b-1) fees:               
Class N   117,726    1,838    17,369 
Class A   171,297    421    16,718 
Class C   332,430    194    7,537 
Shareholder servicing fees   907,398    8,546    108,383 
Financial administration/fund accounting fees   234,046    8,138    39,949 
Legal administration/management services fees   167,426    2,120    13,705 
Transfer agent fees   89,078    9,746    13,680 
Printing and postage expenses   85,698    2,546    44,866 
Registration fees   64,400    18,400    33,120 
Audit fees   64,090    6,806    8,571 
Custodian fees   42,346    6,050    6,008 
Insurance expense   26,680    184    2,760 
Compliance officer fees   26,649    3,509    6,593 
Legal fees   12,995    7,634    6,814 
Trustees fees and expenses   6,856    6,856    6,856 
Other expenses   5,042    1,764    2,269 
TOTAL EXPENSES   11,151,073    158,289    537,584 
Less: Fees waived/reimbursed by the Advisor       (60,663)   (136,899)
NET EXPENSES   11,151,073    97,626    400,685 
                
NET INVESTMENT INCOME (LOSS)   (8,665,781)   (14,009)   1,777,194 
                
REALIZED AND UNREALIZED GAIN (LOSS) FROM INVESTMENTS               
Net realized gain (loss) from:               
Unaffiliated investments   56,463,624    (443,789)   (484,165)
Affiliated investments (See Note 5)   (2,487,246)        
Foreign currency transactions       1     
Net realized gain (loss) from:   53,976,378    (443,788)   (484,165)
Net change in unrealized appreciation (depreciation) on:               
Unaffiliated investments   (8,873,815)   3,106,172    3,641,009 
Affiliated investments (See Note 5)   (67,916,948)        
Net change in unrealized appreciation (depreciation) on:   (76,790,763)   3,106,172    3,641,009 
                
NET REALIZED AND UNREALIZED GAIN (LOSS) FROM INVESTMENTS   (22,814,385)   2,662,384    3,156,844 
                
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS  $(31,480,166)  $2,648,375   $4,934,038 
                

See accompanying notes to financial statements.

E V E N T I D E   58
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund
STATEMENTS OF CHANGES IN NET ASSETS
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
FROM OPERATIONS          
Net investment income  $2,723,703   $5,151,980 
Net realized gain (loss) from investments and foreign currency transactions   38,403    (14,479,724)
Net change in unrealized appreciation on investments   19,051,349    26,607,153 
Net increase in net assets resulting from operations   21,813,455    17,279,409 
           
DISTRIBUTIONS TO SHAREHOLDERS          
From Accumulated Earnings          
Class N   (213,948)   (1,025,429)
Class A   (176,531)   (587,205)
Class C   (57,527)   (258,344)
Class I   (2,164,137)   (6,650,735)
Return of Capital          
Class N       (123,456)
Class A       (77,622)
Class C       (50,944)
Class I       (787,757)
Total distributions to shareholders   (2,612,143)   (9,561,492)
           
FROM SHARES OF BENEFICIAL INTEREST          
Proceeds from shares sold:          
Class N   4,092,965    49,176,092 
Class A   2,407,803    4,205,289 
Class C   898,923    2,132,876 
Class I   36,896,852    75,332,706 
Net asset value of shares issued in reinvestment of distributions:          
Class N   203,554    1,104,953 
Class A   155,889    591,647 
Class C   53,430    289,078 
Class I   1,981,410    6,830,607 
Payments for shares repurchased:          
Class N   (8,094,026)   (54,627,872)
Class A   (2,735,747)   (5,644,099)
Class C   (2,144,390)   (4,809,955)
Class I   (41,214,264)   (97,402,343)
Net decrease in net assets from shares of beneficial interest   (7,497,601)   (22,821,021)
           
TOTAL INCREASE (DECREASE) IN NET ASSETS   11,703,711    (15,103,104)
           
NET ASSETS          
Beginning of Period/Year   333,064,247    348,167,351 
End of Period/Year  $344,767,958   $333,064,247 
           

See accompanying notes to financial statements.

E V E N T I D E   59
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
SHARE ACTIVITY          
Class N:          
Shares Sold   331,980    4,036,342 
Shares Reinvested   16,363    91,129 
Shares Repurchased   (652,393)   (4,542,574)
Net decrease in shares of beneficial interest outstanding   (304,050)   (415,103)
           
Class A:          
Shares Sold   190,651    342,410 
Shares Reinvested   12,510    48,591 
Shares Repurchased   (218,951)   (459,232)
Net decrease in shares of beneficial interest outstanding   (15,790)   (68,231)
           
Class C:          
Shares Sold   72,553    175,582 
Shares Reinvested   4,326    23,934 
Shares Repurchased   (172,991)   (397,078)
Net decrease in shares of beneficial interest outstanding   (96,112)   (197,562)
           
Class I:          
Shares Sold   2,966,365    6,177,662 
Shares Reinvested   159,198    561,831 
Shares Repurchased   (3,308,070)   (8,014,650)
Net decrease in shares of beneficial interest outstanding   (182,507)   (1,275,157)
           
           

See accompanying notes to financial statements.

E V E N T I D E   60
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Core Bond Fund
STATEMENTS OF CHANGES IN NET ASSETS
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
FROM OPERATIONS          
Net investment income  $1,371,898   $1,497,137 
Net realized loss from investments   (1,724,632)   (3,797,575)
Net change in unrealized appreciation on investments   4,244,491    1,383,710 
Net increase (decrease) in net assets resulting from operations   3,891,757    (916,728)
           
DISTRIBUTIONS TO SHAREHOLDERS          
From Accumulated Earnings          
Class N   (521,908)   (791,346)
Class A   (4,281)   (6,663)
Class C   (2,308)   (3,378)
Class I   (904,370)   (735,595)
Total distributions to shareholders   (1,432,867)   (1,536,982)
           
FROM SHARES OF BENEFICIAL INTEREST          
Proceeds from shares sold:          
Class N   3,482,237    19,475,162 
Class A   64,314    246,372 
Class C   10,514    34,274 
Class I   59,526,948    34,388,084 
Net asset value of shares issued in reinvestment of distributions:          
Class N   520,249    790,735 
Class A   4,223    6,663 
Class C   2,308    3,364 
Class I   549,989    615,819 
Payments for shares repurchased:          
Class N   (6,895,052)   (39,413,830)
Class A   (187,926)   (30,999)
Class C   (19,600)   (33,678)
Class I   (22,510,420)   (8,715,146)
Net increase in net assets from shares of beneficial interest   34,547,784    7,366,820 
           
TOTAL INCREASE IN NET ASSETS   37,006,674    4,913,110 
           
NET ASSETS          
Beginning of Period/Year   77,378,099    42,646,989 
End of Period/Year  $114,384,773   $77,378,099 
           

See accompanying notes to financial statements.

E V E N T I D E   61
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Core Bond Fund
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
SHARE ACTIVITY          
Class N:          
Shares Sold   427,314    2,362,456 
Shares Reinvested   64,804    97,444 
Shares Repurchased   (855,845)   (4,782,659)
Net decrease in shares of beneficial interest outstanding   (363,727)   (2,322,759)
           
Class A:          
Shares Sold   7,957    29,981 
Shares Reinvested   523    816 
Shares Repurchased   (22,894)   (3,796)
Net increase (decrease) in shares of beneficial interest outstanding   (14,414)   27,001 
           
Class C:          
Shares Sold   1,317    4,110 
Shares Reinvested   289    416 
Shares Repurchased   (2,425)   (4,147)
Net increase (decrease) in shares of beneficial interest outstanding   (819)   379 
           
Class I:          
Shares Sold   7,449,458    4,159,816 
Shares Reinvested   68,207    75,784 
Shares Repurchased   (2,806,605)   (1,062,677)
Net increase in shares of beneficial interest outstanding   4,711,060    3,172,923 
           
           

See accompanying notes to financial statements.

E V E N T I D E   62
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Dividend Opportunities Fund
STATEMENTS OF CHANGES IN NET ASSETS
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
FROM OPERATIONS          
Net investment income  $1,999,599   $4,442,752 
Net realized loss from investments   (7,033,328)   (44,373,084)
Net change in unrealized appreciation on investments   66,839,005    90,497,053 
Net increase in net assets resulting from operations   61,805,276    50,566,721 
           
DISTRIBUTIONS TO SHAREHOLDERS          
From Accumulated Earnings          
Class N   (170,273)   (1,203,965)
Class A   (68,382)   (378,484)
Class C       (76,849)
Class I   (1,391,392)   (5,200,706)
Return of Capital          
Class N       (92,962)
Class A       (102,479)
Class C       (9,900)
Class I       (908,635)
Total distributions to shareholders   (1,630,047)   (7,973,980)
           
FROM SHARES OF BENEFICIAL INTEREST          
Proceeds from shares sold:          
Class N   10,533,909    42,168,215 
Class A   5,754,648    13,780,142 
Class C   1,733,235    6,546,046 
Class I   128,055,836    232,281,533 
Net asset value of shares issued in reinvestment of distributions:          
Class N   167,128    1,267,578 
Class A   65,687    463,082 
Class C       84,188 
Class I   1,249,659    5,504,373 
Payments for shares repurchased:          
Class N   (23,917,498)   (33,157,570)
Class A   (2,604,187)   (9,749,781)
Class C   (1,779,155)   (2,812,230)
Class I   (78,199,559)   (145,117,850)
Net increase in net assets from shares of beneficial interest   41,059,703    111,257,726 
           
TOTAL INCREASE IN NET ASSETS   101,234,932    153,850,467 
           
NET ASSETS          
Beginning of Period/Year   573,809,035    419,958,568 
End of Period/Year  $675,043,967   $573,809,035 
           

See accompanying notes to financial statements.

E V E N T I D E   63
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Dividend Opportunities Fund
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
SHARE ACTIVITY          
Class N:          
Shares Sold   703,686    3,006,122 
Shares Reinvested   11,062    92,382 
Shares Repurchased   (1,571,580)   (2,406,922)
Net increase (decrease) in shares of beneficial interest outstanding   (856,832)   691,582 
           
Class A:          
Shares Sold   385,584    985,242 
Shares Reinvested   4,322    33,666 
Shares Repurchased   (175,076)   (691,004)
Net increase in shares of beneficial interest outstanding   214,830    327,904 
           
Class C:          
Shares Sold   116,859    475,330 
Shares Reinvested       6,152 
Shares Repurchased   (120,882)   (205,600)
Net increase (decrease) in shares of beneficial interest outstanding   (4,023)   275,882 
           
Class I:          
Shares Sold   8,531,125    16,642,155 
Shares Reinvested   81,721    400,250 
Shares Repurchased   (5,250,516)   (10,457,863)
Net increase in shares of beneficial interest outstanding   3,362,330    6,584,542 
           
           

See accompanying notes to financial statements.

E V E N T I D E   64
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Exponential Technologies Fund
STATEMENTS OF CHANGES IN NET ASSETS
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
FROM OPERATIONS          
Net investment loss  $(713,825)  $(1,082,795)
Net realized loss from investments and foreign currency transactions   (1,712,239)   (25,591,542)
Net change in unrealized appreciation on investments   12,446,416    35,911,605 
Net increase in net assets resulting from operations   10,020,352    9,237,268 
           
FROM SHARES OF BENEFICIAL INTEREST          
Proceeds from shares sold:          
Class N   4,098,612    13,244,258 
Class A   933,530    1,781,643 
Class C   300,212    628,624 
Class I   14,227,072    47,180,850 
Redemption fee proceeds:          
Class N   81    17,663 
Class A   31    9,414 
Class C   10    3,021 
Class I   303    92,427 
Payments for shares repurchased:          
Class N   (4,815,100)   (5,852,092)
Class A   (626,556)   (1,638,384)
Class C   (230,604)   (627,686)
Class I   (12,087,963)   (43,109,040)
Net increase in net assets from shares of beneficial interest   1,799,628    11,730,698 
           
TOTAL INCREASE IN NET ASSETS   11,819,980    20,967,966 
           
NET ASSETS          
Beginning of Period/Year   115,812,700    94,844,734 
End of Period/Year  $127,632,680   $115,812,700 
           

See accompanying notes to financial statements.

E V E N T I D E   65
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Exponential Technologies Fund
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
SHARE ACTIVITY          
Class N:          
Shares Sold   337,915    1,258,489 
Shares Repurchased   (400,760)   (551,922)
Net increase (decrease) in shares of beneficial interest outstanding   (62,845)   706,567 
           
Class A:          
Shares Sold   78,975    162,981 
Shares Repurchased   (53,321)   (149,936)
Net increase in shares of beneficial interest outstanding   25,654    13,045 
           
Class C:          
Shares Sold   26,114    58,336 
Shares Repurchased   (19,894)   (58,741)
Net increase (decrease) in shares of beneficial interest outstanding   6,220    (405)
           
Class I:          
Shares Sold   1,209,620    4,159,896 
Shares Repurchased   (1,014,435)   (3,923,676)
Net increase in shares of beneficial interest outstanding   195,185    236,220 
           
           

See accompanying notes to financial statements.

E V E N T I D E   66
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Gilead Fund
STATEMENTS OF CHANGES IN NET ASSETS
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
FROM OPERATIONS          
Net investment loss  $(10,386,567)  $(18,202,004)
Net realized gain (loss) from investments and foreign currency transactions   41,758,328    (50,832,143)
Net change in unrealized appreciation on investments   133,128,863    575,636,075 
Net increase in net assets resulting from operations   164,500,624    506,601,928 
           
DISTRIBUTIONS TO SHAREHOLDERS          
Class N       (26,502,428)
Class A       (15,537,719)
Class C       (13,038,729)
Class I       (117,168,110)
Total distributions to shareholders       (172,246,986)
           
FROM SHARES OF BENEFICIAL INTEREST          
Proceeds from shares sold:          
Class N   37,540,834    88,745,999 
Class A   27,223,585    55,727,869 
Class C   5,724,423    14,904,069 
Class I   313,863,815    640,408,718 
Net asset value of shares issued in reinvestment of distributions:          
Class N       25,204,656 
Class A       14,252,437 
Class C       12,562,355 
Class I       103,966,493 
Payments for shares repurchased:          
Class N   (67,791,600)   (163,362,221)
Class A   (33,055,333)   (50,748,542)
Class C   (32,426,891)   (61,602,217)
Class I   (355,806,738)   (730,773,548)
Net decrease in net assets from shares of beneficial interest   (104,727,905)   (50,713,932)
           
TOTAL INCREASE IN NET ASSETS   59,772,719    283,641,010 
           
NET ASSETS          
Beginning of Period/Year   3,760,637,891    3,476,996,881 
End of Period/Year  $3,820,410,610   $3,760,637,891 
           

See accompanying notes to financial statements.

E V E N T I D E   67
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Gilead Fund
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
SHARE ACTIVITY          
Class N:          
Shares Sold   794,804    1,959,635 
Shares Reinvested       594,029 
Shares Repurchased   (1,444,452)   (3,651,814)
Net decrease in shares of beneficial interest outstanding   (649,648)   (1,098,150)
           
Class A:          
Shares Sold   582,919    1,244,030 
Shares Reinvested       338,136 
Shares Repurchased   (719,118)   (1,135,497)
Net increase (decrease) in shares of beneficial interest outstanding   (136,199)   446,669 
           
Class C:          
Shares Sold   140,054    372,502 
Shares Reinvested       337,607 
Shares Repurchased   (794,119)   (1,566,252)
Net decrease in shares of beneficial interest outstanding   (654,065)   (856,143)
           
Class I:          
Shares Sold   6,497,658    13,786,761 
Shares Reinvested       2,376,377 
Shares Repurchased   (7,470,133)   (15,809,021)
Net increase (decrease) in shares of beneficial interest outstanding   (972,475)   354,117 
           
           

See accompanying notes to financial statements.

E V E N T I D E   68
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Healthcare & Life Sciences Fund
STATEMENTS OF CHANGES IN NET ASSETS
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
FROM OPERATIONS          
Net investment loss  $(8,665,781)  $(16,468,559)
Net realized gain from investments   53,976,378    87,672,175 
Net change in unrealized appreciation (depreciation) on investments   (76,790,763)   429,893,252 
Net increase (decrease) in net assets resulting from operations   (31,480,166)   501,096,868 
           
FROM SHARES OF BENEFICIAL INTEREST          
Proceeds from shares sold:          
Class N   12,842,625    24,795,762 
Class A   10,043,518    24,063,154 
Class C   3,278,807    6,812,105 
Class I   194,530,225    410,248,708 
Payments for shares repurchased:          
Class N   (31,879,490)   (48,550,846)
Class A   (16,030,437)   (30,091,421)
Class C   (10,999,187)   (19,599,460)
Class I   (266,420,578)   (387,178,463)
Net decrease in net assets from shares of beneficial interest   (104,634,517)   (19,500,461)
           
TOTAL INCREASE (DECREASE) IN NET ASSETS   (136,114,683)   481,596,407 
           
NET ASSETS          
Beginning of Period/Year   1,803,162,456    1,321,566,049 
End of Period/Year  $1,667,047,773   $1,803,162,456 
           

See accompanying notes to financial statements.

E V E N T I D E   69
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Healthcare & Life Sciences Fund
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
SHARE ACTIVITY          
Class N:          
Shares Sold   391,895    761,278 
Shares Repurchased   (951,262)   (1,502,705)
Net decrease in shares of beneficial interest outstanding   (559,367)   (741,427)
           
Class A:          
Shares Sold   300,141    747,325 
Shares Repurchased   (496,894)   (923,751)
Net decrease in shares of beneficial interest outstanding   (196,753)   (176,426)
           
Class C:          
Shares Sold   106,959    232,446 
Shares Repurchased   (363,019)   (661,200)
Net decrease in shares of beneficial interest outstanding   (256,060)   (428,754)
           
Class I:          
Shares Sold   5,762,656    12,546,799 
Shares Repurchased   (7,894,438)   (11,930,781)
Net increase (decrease) in shares of beneficial interest outstanding   (2,131,782)   616,018 
           
           

See accompanying notes to financial statements.

E V E N T I D E   70
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Large Cap Focus Fund
STATEMENTS OF CHANGES IN NET ASSETS
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 1 
FROM OPERATIONS          
Net investment income (loss)  $(14,009)  $4,324 
Net realized loss from investments and foreign currency transactions   (443,788)   (308,679)
Net change in unrealized appreciation on investments   3,106,172    1,683,784 
Net increase in net assets resulting from operations   2,648,375    1,379,429 
           
DISTRIBUTIONS TO SHAREHOLDERS          
From Accumulated Earnings          
Class I       (4,107)
Return of Capital          
Class N       (35)
Class A       (36)
Class I       (5,720)
Total distributions to shareholders       (9,898)
           
FROM SHARES OF BENEFICIAL INTEREST          
Proceeds from shares sold:          
Class N   5,158,809    524,748 
Class A   392,296    249,063 
Class C   16,370    24,480 
Class I   14,456,654    15,266,218 
Net asset value of shares issued in reinvestment of distributions:          
Class N       27 
Class A       36 
Class I       9,440 
Payments for shares repurchased:          
Class N   (259,989)   (224,466)
Class A   (16,668)   (79,745)
Class I   (4,716,938)   (3,784,594)
Net increase in net assets from shares of beneficial interest   15,030,499    11,985,207 
           
TOTAL INCREASE IN NET ASSETS   17,678,874    13,354,738 
           
NET ASSETS          
Beginning of Period/Year   13,354,738     
End of Period/Year  $31,033,612   $13,354,738 
           
1.Eventide Large Cap Focus Fund commenced operations on June 30, 2022.

 

See accompanying notes to financial statements.

E V E N T I D E   71
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Large Cap Focus Fund
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 1 
SHARE ACTIVITY          
Class N:          
Shares Sold   452,561    50,682 
Shares Reinvested       3 
Shares Repurchased   (23,180)   (21,792)
Net increase in shares of beneficial interest outstanding   429,381    28,893 
           
Class A:          
Shares Sold   33,575    24,367 
Shares Reinvested       3 
Shares Repurchased   (1,522)   (7,768)
Net increase in shares of beneficial interest outstanding   32,053    16,602 
           
Class C:          
Shares Sold   1,440    2,338 
Shares Repurchased   (3)    
Net increase in shares of beneficial interest outstanding   1,437    2,338 
           
Class I:          
Shares Sold   1,299,466    1,487,132 
Shares Reinvested       923 
Shares Repurchased   (431,661)   (368,681)
Net increase in shares of beneficial interest outstanding   867,805    1,119,374 
           
1.Eventide Large Cap Focus Fund commenced operations on June 30, 2022.

 

See accompanying notes to financial statements.

E V E N T I D E   72
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund
STATEMENTS OF CHANGES IN NET ASSETS
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
FROM OPERATIONS          
Net investment income  $1,777,194   $2,571,717 
Net realized loss from investments   (484,165)   (5,299,246)
Net change in unrealized appreciation on investments   3,641,009    4,451,387 
Net increase in net assets resulting from operations   4,934,038    1,723,858 
           
DISTRIBUTIONS TO SHAREHOLDERS          
From Accumulated Earnings          
Class N   (233,685)   (283,263)
Class A   (161,444)   (302,006)
Class C   (13,689)   (15,268)
Class I   (1,396,186)   (2,074,932)
Return of Capital          
Class N       (4,462)
Class A       (5,259)
Class C       (487)
Class I       (32,214)
Total distributions to shareholders   (1,805,004)   (2,717,891)
           
FROM SHARES OF BENEFICIAL INTEREST          
Proceeds from shares sold:          
Class N   2,538,947    21,519,104 
Class A   3,853,577    9,487,414 
Class C   49,421    1,005,560 
Class I   31,427,268    73,533,124 
Net asset value of shares issued in reinvestment of distributions:          
Class N   232,966    286,917 
Class A   159,690    304,810 
Class C   13,689    15,678 
Class I   1,294,683    1,847,368 
Payments for shares repurchased:          
Class N   (2,883,660)   (9,928,344)
Class A   (12,846,186)   (12,462,801)
Class C   (390,402)   (1,078,599)
Class I   (22,729,609)   (138,219,235)
Net increase (decrease) in net assets from shares of beneficial interest   720,384    (53,689,004)
           
TOTAL INCREASE (DECREASE) IN NET ASSETS   3,849,418    (54,683,037)
           
NET ASSETS          
Beginning of Period/Year   127,372,213    182,055,250 
End of Period/Year  $131,221,631   $127,372,213 
           

See accompanying notes to financial statements.

E V E N T I D E   73
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
 
   For the     
   Six Months Ended   For the 
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 
SHARE ACTIVITY          
Class N:          
Shares Sold   258,507    2,245,504 
Shares Reinvested   23,939    29,697 
Shares Repurchased   (296,527)   (1,025,667)
Net increase (decrease) in shares of beneficial interest outstanding   (14,081)   1,249,534 
           
Class A:          
Shares Sold   396,734    979,448 
Shares Reinvested   16,382    31,459 
Shares Repurchased   (1,323,361)   (1,291,906)
Net decrease in shares of beneficial interest outstanding   (910,245)   (280,999)
           
Class C:          
Shares Sold   5,142    105,013 
Shares Reinvested   1,413    1,629 
Shares Repurchased   (40,374)   (112,068)
Net decrease in shares of beneficial interest outstanding   (33,819)   (5,426)
           
Class I:          
Shares Sold   3,158,505    7,407,748 
Shares Reinvested   129,720    186,484 
Shares Repurchased   (2,278,059)   (13,969,448)
Net increase (decrease) in shares of beneficial interest outstanding   1,010,166    (6,375,216)
           
           

See accompanying notes to financial statements.

E V E N T I D E   74
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented

 

   Class N 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $12.44   $12.12   $14.21   $11.38   $10.90   $10.58 
Activity from investment operations:                              
Net investment income 1   0.09    0.16    0.10    0.08    0.16    0.28 
Net realized and unrealized gain (loss) on investments   0.73    0.47    (1.35)   2.95    0.60    0.39 
Total from investment operations   0.82    0.63    (1.25)   3.03    0.76    0.67 
Less distributions from:                              
Net investment income   (0.09)   (0.15)   (0.21)   (0.18)   (0.14)   (0.22)
Net realized gains       (0.12)   (0.63)   (0.02)       (0.03)
Return of capital       (0.04)           (0.14)   (0.10)
Total distributions   (0.09)   (0.31)   (0.84)   (0.20)   (0.28)   (0.35)
Net asset value, end of period/year  $13.17   $12.44   $12.12   $14.21   $11.38   $10.90 
Total return 2   6.65%6   5.35%   (9.58)%   26.81%   7.03%   6.61%
Net assets, at end of period/year (000s)  $28,414   $30,618   $34,856   $39,947   $19,454   $17,104 
Ratio of gross expenses to average net assets before expense reimbursement/recapture 3,4   1.11%7   1.10%   1.01%   1.05%   1.19%   1.30%
Ratio of net expenses to average net assets after expense reimbursement/recapture 4   1.02%7   1.02%   1.02%   1.02%   1.10%   1.15%
Ratio of net investment income to average net assets 4,5   1.52%7   1.34%   0.69%   0.59%   1.44%   2.71%
Portfolio Turnover Rate   22%6   48%   66%   73%   107%   79%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements/recapture by the advisor.

 

4.The ratios of expenses to average net assets and net investment income to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   75
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class A 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $12.46   $12.14   $14.22   $11.38   $10.89   $10.57 
Activity from investment operations:                              
Net investment income 1   0.09    0.16    0.09    0.07    0.15    0.28 
Net realized and unrealized gain (loss) on investments   0.74    0.47    (1.33)   2.96    0.61    0.39 
Total from investment operations   0.83    0.63    (1.24)   3.03    0.76    0.67 
Less distributions from:                              
Net investment income   (0.09)   (0.15)   (0.21)   (0.17)   (0.13)   (0.22)
Net realized gains       (0.12)   (0.63)   (0.02)       (0.03)
Return of capital       (0.04)           (0.14)   (0.10)
Total distributions   (0.09)   (0.31)   (0.84)   (0.19)   (0.27)   (0.35)
Net asset value, end of period/year  $13.20   $12.46   $12.14   $14.22   $11.38   $10.89 
Total return 2   6.69%6   5.29%   (9.55)%   26.84%   7.07%   6.56%
Net assets, at end of period/year (000s)  $26,873   $25,577   $25,744   $23,139   $10,659   $8,817 
Ratio of gross expenses to average net assets before expense reimbursement/recapture 3,4   1.16%7   1.15%   1.06%   1.10%   1.24%   1.35%
Ratio of net expenses to average net assets after expense reimbursement/recapture 4   1.07%7   1.07%   1.07%   1.07%   1.15%   1.20%
Ratio of net investment income to average net assets 4,5   1.47%7   1.32%   0.65%   0.55%   1.39%   2.63%
Portfolio Turnover Rate   22%6   48%   66%   73%   107%   79%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any and does not reflect the impact of sales charges. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements/recapture by the advisor.

 

4.The ratios of expenses to average net assets and net investment income to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   76
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class C 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $12.38   $12.06   $14.15   $11.34   $10.86   $10.55 
Activity from investment operations:                              
Net investment income (loss) 1   0.05    0.07    (0.01)   (0.03)   0.07    0.20 
Net realized and unrealized gain (loss) on investments   0.72    0.47    (1.35)   2.95    0.60    0.38 
Total from investment operations   0.77    0.54    (1.36)   2.92    0.67    0.58 
Less distributions from:                              
Net investment income   (0.05)   (0.06)   (0.10)   (0.09)   (0.09)   (0.16)
Net realized gains       (0.12)   (0.63)   (0.02)       (0.03)
Return of capital       (0.04)           (0.10)   (0.08)
Total distributions   (0.05)   (0.22)   (0.73)   (0.11)   (0.19)   (0.27)
Net asset value, end of period/year  $13.10   $12.38   $12.06   $14.15   $11.34   $10.86 
Total return 2   6.21%6   4.54%   (10.33)%   25.85%   6.23%   5.73%
Net assets, at end of period/year (000s)  $15,866   $16,181   $18,146   $18,883   $8,091   $6,194 
Ratio of gross expenses to average net assets before expense reimbursement/recapture 3,4   1.91%7   1.90%   1.81%   1.85%   1.99%   2.10%
Ratio of net expenses to average net assets after expense reimbursement/recapture 4   1.82%7   1.82%   1.82%   1.82%   1.90%   1.95%
Ratio of net investment income (loss) to average net assets 4,5   0.72%7   0.56%   (0.10)%   (0.21)%   0.64%   1.90%
Portfolio Turnover Rate   22%6   48%   66%   73%   107%   79%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements/recapture by the advisor.

 

4.The ratios of expenses to average net assets and net investment income (loss) to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment income (loss) is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   77
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Balanced Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class I 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $12.44   $12.12   $14.22   $11.38   $10.90   $10.58 
Activity from investment operations:                              
Net investment income 1   0.10    0.19    0.12    0.11    0.18    0.31 
Net realized and unrealized gain (loss) on investments   0.73    0.47    (1.35)   2.95    0.60    0.38 
Total from investment operations   0.83    0.66    (1.23)   3.06    0.78    0.69 
Less distributions from:                              
Net investment income   (0.10)   (0.18)   (0.24)   (0.20)   (0.15)   (0.23)
Net realized gains       (0.12)   (0.63)   (0.02)       (0.03)
Return of capital       (0.04)           (0.15)   (0.11)
Total distributions   (0.10)   (0.34)   (0.87)   (0.22)   (0.30)   (0.37)
Net asset value, end of period/year  $13.17   $12.44   $12.12   $14.22   $11.38   $10.90 
Total return 2   6.76%6   5.57%   (9.46)%   27.12%   7.23%   6.81%
Net assets, at end of period/year (000s)  $273,614   $260,688   $269,421   $279,142   $110,295   $79,513 
Ratio of gross expenses to average net assets before expense reimbursement/recapture 3,4   0.91%7   0.90%   0.81%   0.85%   0.99%   1.10%
Ratio of net expenses to average net assets after expense reimbursement/recapture 4   0.82%7   0.82%   0.82%   0.82%   0.90%   0.95%
Ratio of net investment income to average net assets 4,5   1.72%7   1.57%   0.90%   0.81%   1.65%   2.92%
Portfolio Turnover Rate   22%6   48%   66%   73%   107%   79%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements/recapture by the advisor.

 

4.The ratios of expenses to average net assets and net investment income to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   78
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Core Bond Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Periods or Years Presented
 
   Class N 
   Six Months Ended             
   December 31, 2023   Year Ended   Year Ended   Period Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021 * 
Net asset value, beginning of period/year  $8.15   $8.41   $9.66   $10.00 
Activity from investment operations:                    
Net investment income 1   0.13    0.17    0.08    0.05 
Net realized and unrealized gain (loss) on investments   0.11    (0.25)   (1.20)   (0.29)
Total from investment operations   0.24    (0.08)   (1.12)   (0.24)
Less distributions from:                    
Net investment income   (0.12)   (0.18)   (0.11)   (0.05)
Return of capital           (0.02)   (0.05)
Total distributions   (0.12)   (0.18)   (0.13)   (0.10)
Net asset value, end of period/year  $8.27   $8.15   $8.41   $9.66 
Total return 2   3.00%6   (0.89)%   (11.69)%   (2.39)%6
Net assets, at end of period/year (000s)  $35,005   $37,445   $58,166   $56,644 
Ratio of gross expenses to average net assets before expense reimbursement 3,4   0.95%7   1.01%   0.96%   0.89%7
Ratio of net expenses to average net assets after expense reimbursement 4   0.78%7   0.78%   0.78%   0.78%7
Ratio of net investment income to average net assets 4,5   3.14%7   2.09%   0.88%   0.53%7
Portfolio Turnover Rate   27%6   57%   56%   52%6
                     
*Eventide Core Bond Fund commenced operations on July 31, 2020.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.The ratios of expenses to average net assets and net investment income to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   79
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Core Bond Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Periods or Years Presented
 
   Class A 
   Six Months Ended             
   December 31, 2023   Year Ended   Year Ended   Period Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021 * 
Net asset value, beginning of year/period  $8.18   $8.44   $9.71   $10.00 
Activity from investment operations:                    
Net investment income 1   0.13    0.18    0.07    0.05 
Net realized and unrealized gain (loss) on investments   0.12    (0.26)   (1.22)   (0.27)
Total from investment operations   0.25    (0.08)   (1.15)   (0.22)
Less distributions from:                    
Net investment income   (0.12)   (0.18)   (0.10)   (0.02)
Return of capital           (0.02)   (0.05)
Total distributions   (0.12)   (0.18)   (0.12)   (0.07)
Net asset value, end of year/period  $8.31   $8.18   $8.44   $9.71 
Total return 2   3.07%6   (0.90)%   (11.91)%   (2.28)%6
Net assets, at end of year/period (000s)  $299   $412   $197   $384 
Ratio of gross expenses to average net assets before expense reimbursement 3,4   1.00%7   1.06%   1.01%   0.94%7
Ratio of net expenses to average net assets after expense reimbursement 4   0.83%7   0.83%   0.83%   0.83%7
Ratio of net investment income to average net assets 4,5   3.08%7   2.19%   0.78%   0.51%7
Portfolio Turnover Rate   27%6   57%   56%   52%6
                     
*Eventide Core Bond Fund commenced operations on July 31, 2020.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any and does not reflect the impact of sales charges. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.The ratios of expenses to average net assets and net investment income to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   80
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Core Bond Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Periods or Years Presented
 
   Class C 
   Six Months Ended             
   December 31, 2023   Year Ended   Year Ended   Period Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021 * 
Net asset value, beginning of year/period  $8.11   $8.37   $9.63   $10.00 
Activity from investment operations:                    
Net investment income (loss) 1   0.09    0.11    0.01    (0.02)
Net realized and unrealized gain (loss) on investments   0.12    (0.25)   (1.20)   (0.28)
Total from investment operations   0.21    (0.14)   (1.19)   (0.30)
Less distributions from:                    
Net investment income   (0.09)   (0.12)   (0.06)   (0.02)
Return of capital           (0.01)   (0.05)
Total distributions   (0.09)   (0.12)   (0.07)   (0.07)
Net asset value, end of year/period  $8.23   $8.11   $8.37   $9.63 
Total return 2   2.61%6   (1.67)%   (12.37)%   (3.02)%6
Net assets, at end of year/period (000s)  $217   $221   $224   $163 
Ratio of gross expenses to average net assets before expense reimbursement 3,4   1.75%7   1.81%   1.76%   1.69%7
Ratio of net expenses to average net assets after expense reimbursement 4   1.58%7   1.58%   1.58%   1.58%7
Ratio of net investment income (loss) to average net assets 4,5   2.34%7   1.35%   0.09%   (0.20)%7
Portfolio Turnover Rate   27%6   57%   56%   52%6
                     
*Eventide Core Bond Fund commenced operations on July 31, 2020.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.The ratios of expenses to average net assets and net investment income/(loss) to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment income (loss) is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   81
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Core Bond Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Periods or Years Presented
 
   Class I 
   Six Months Ended             
   December 31, 2023   Year Ended   Year Ended   Period Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021 * 
Net asset value, beginning of year/period  $8.15   $8.41   $9.66   $10.00 
Activity from investment operations:                    
Net investment income 1   0.14    0.20    0.09    0.07 
Net realized and unrealized gain (loss) on investments   0.11    (0.26)   (1.19)   (0.29)
Total from investment operations   0.25    (0.06)   (1.10)   (0.22)
Less distributions from:                    
Net investment income   (0.13)   (0.20)   (0.13)   (0.07)
Return of capital           (0.02)   (0.05)
Total distributions   (0.13)   (0.20)   (0.15)   (0.12)
Net asset value, end of year/period  $8.27   $8.15   $8.41   $9.66 
Total return 2   3.10%6   (0.67)%   (11.51)%   (2.24)%6
Net assets, at end of year/period (000s)  $78,865   $39,300   $13,877   $64,377 
Ratio of gross expenses to average net assets before expense reimbursement 3,4   0.75%7   0.81%   0.76%   0.69%7
Ratio of net expenses to average net assets after expense reimbursement 4   0.58%7   0.58%   0.58%   0.58%7
Ratio of net investment income to average net assets 4,5   3.38%7   2.45%   1.00%   0.80%7
Portfolio Turnover Rate   27%6   57%   56%   52%6
                     
*Eventide Core Bond Fund commenced operations on July 31, 2020.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.The ratios of expenses to average net assets and net investment income to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   82
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Dividend Opportunities Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class N 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $14.65   $13.43   $15.86   $10.88   $10.37   $9.66 
Activity from investment operations:                              
Net investment income 1   0.04    0.11    0.05    0.04    0.11    0.22 
Net realized and unrealized gain (loss) on investments   1.46    1.31    (2.01)   5.08    0.57    0.66 
Total from investment operations   1.50    1.42    (1.96)   5.12    0.68    0.88 
Less distributions from:                              
Net investment income   (0.03)   (0.10)   (0.18)   (0.14)   (0.10)   (0.16)
Net realized gains       (0.09)   (0.29)            
Return of capital       (0.01)           (0.07)   (0.01)
Total distributions   (0.03)   (0.20)   (0.47)   (0.14)   (0.17)   (0.17)
Net asset value, end of period/year  $16.12   $14.65   $13.43   $15.86   $10.88   $10.37 
Total return 2   10.24%6   10.66%   (12.90)%   47.21%   6.60%   9.20%
Net assets, at end of period/year (000s)  $87,299   $91,912   $74,940   $70,566   $18,576   $7,254 
Ratio of gross expenses to average net assets before expense reimbursement/recapture 3,4   1.16%7   1.23%   1.14%   1.19%   1.50%   2.00%
Ratio of net expenses to average net assets after expense reimbursement/recapture 4   1.15%7   1.15%   1.15%   1.15%   1.15%   1.15%
Ratio of net investment income to average net assets 4,5   0.53%7   0.75%   0.34%   0.27%   1.01%   2.25%
Portfolio Turnover Rate   23%6   50%   50%   35%   90%   50%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived or recaptured a portion of the Fund’s expenses in certain periods, total returns would have been lower/higher.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements/recapture by the advisor.

 

4.The ratios of expenses to average net assets and net investment income to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   83
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Dividend Opportunities Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class A 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $14.66   $13.43   $15.85   $10.87   $10.36   $9.65 
Activity from investment operations:                              
Net investment income 1   0.04    0.10    0.05    0.03    0.10    0.22 
Net realized and unrealized gain (loss) on investments   1.46    1.32    (2.01)   5.08    0.57    0.65 
Total from investment operations   1.50    1.42    (1.96)   5.11    0.67    0.87 
Less distributions from:                              
Net investment income   (0.03)   (0.06)   (0.17)   (0.13)   (0.09)   (0.15)
Net realized gains       (0.09)   (0.29)            
Return of capital       (0.04)           (0.07)   (0.01)
Total distributions   (0.03)   (0.19)   (0.46)   (0.13)   (0.16)   (0.16)
Net asset value, end of period/year  $16.13   $14.66   $13.43   $15.85   $10.87   $10.36 
Total return 2   10.22%6   10.68%   (12.88)%   47.22%   6.55%   9.15%
Net assets, at end of period/year (000s)  $43,868   $36,722   $29,243   $17,865   $3,184   $957 
Ratio of gross expenses to average net assets before expense reimbursement/recapture 3,4   1.21%7   1.28%   1.19%   1.24%   1.55%   2.05%
Ratio of net expenses to average net assets after expense reimbursement/recapture 4   1.20%7   1.20%   1.20%   1.20%   1.20%   1.20%
Ratio of net investment income to average net assets 4,5   0.47%7   0.69%   0.31%   0.22%   0.89%   2.28%
Portfolio Turnover Rate   23%6   50%   50%   35%   90%   50%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any and does not reflect the impact of sales charges. Had the advisor not waived or recaptured a portion of the Fund’s expenses in certain periods, total returns would have been lower/higher.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements/recapture by the advisor.

 

4.The ratios of expenses to average net assets and net investment income to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   84
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Dividend Opportunities Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class C 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $14.54   $13.34   $15.77   $10.86   $10.35   $9.66 
Activity from investment operations:                              
Net investment income (loss) 1   (0.01)   (0.01)   (0.07)   (0.08)   0.03    0.15 
Net realized and unrealized gain (loss) on investments   1.44    1.31    (2.00)   5.06    0.56    0.65 
Total from investment operations   1.43    1.30    (2.07)   4.98    0.59    0.80 
Less distributions from:                              
Net investment income           (0.07)   (0.07)   (0.05)   (0.10)
Net realized gains       (0.09)   (0.29)            
Return of capital       (0.01)           (0.03)   (0.01)
Total distributions       (0.10)   (0.36)   (0.07)   (0.08)   (0.11)
Net asset value, end of period/year  $15.97   $14.54   $13.34   $15.77   $10.86   $10.35 
Total return 2   9.83%6   9.78%   (13.57)%   45.93%   5.78%   8.34%
Net assets, at end of period/year (000s)  $16,280   $14,889   $9,975   $4,508   $824   $541 
Ratio of gross expenses to average net assets before expense reimbursement/recapture 3,4   1.96%7   2.03%   1.94%   1.99%   2.30%   2.80%
Ratio of net expenses to average net assets after expense reimbursement/recapture 4   1.95%7   1.95%   1.95%   1.95%   1.95%   1.95%
Ratio of net investment income (loss) to average net assets 4,5   (0.27)%7   (0.05)%   (0.42)%   (0.53)%   0.25%   1.53%
Portfolio Turnover Rate   23%6   50%   50%   35%   90%   50%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived or recaptured a portion of the Fund’s expenses in certain periods, total returns would have been lower/higher.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements/recapture by the advisor.

 

4.The ratios of expenses to average net assets and net investment income/(loss) to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment income (loss) is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   85
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Dividend Opportunities Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class I 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $14.66   $13.44   $15.87   $10.88   $10.37   $9.67 
Activity from investment operations:                              
Net investment income 1   0.05    0.13    0.09    0.07    0.12    0.24 
Net realized and unrealized gain (loss) on investments   1.46    1.32    (2.02)   5.07    0.57    0.66 
Total from investment operations   1.51    1.45    (1.93)   5.14    0.69    0.90 
Less distributions from:                              
Net investment income   (0.04)   (0.11)   (0.21)   (0.15)   (0.10)   (0.19)
Net realized gains       (0.09)   (0.29)            
Return of capital       (0.03)           (0.08)   (0.01)
Total distributions   (0.04)   (0.23)   (0.50)   (0.15)   (0.18)   (0.20)
Net asset value, end of period/year  $16.13   $14.66   $13.44   $15.87   $10.88   $10.37 
Total return 2   10.35%6   10.87%   (12.72)%   47.49%   6.79%   9.40%
Net assets, at end of period/year (000s)  $527,596   $430,286   $305,801   $237,256   $45,034   $7,892 
Ratio of gross expenses to average net assets before expense reimbursement/recapture 3,4   0.96%7   1.03%   0.94%   0.99%   1.30%   1.80%
Ratio of net expenses to average net assets after expense reimbursement/recapture 4   0.95%7   0.95%   0.95%   0.95%   0.95%   0.95%
Ratio of net investment income to average net assets 4,5   0.73%7   0.96%   0.55%   0.48%   1.16%   2.47%
Portfolio Turnover Rate   23%6   50%   50%   35%   90%   50%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived or recaptured a portion of the Fund’s expenses in certain periods, total returns would have been lower/higher.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements/recapture by the advisor.

 

4.The ratios of expenses to average net assets and net investment income to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   86
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Exponential Technologies Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class N 
   Six Months Ended             
   December 31, 2023   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021 * 
Net asset value, beginning of period/year  $12.00   $10.92   $19.08   $10.00 
Activity from investment operations:                    
Net investment loss 1   (0.08)   (0.13)   (0.25)   (0.25)
Net realized and unrealized gain (loss) on investments   1.07    1.20    (7.69)   9.33 
Total from investment operations   0.99    1.07    (7.94)   9.08 
Less distributions from:                    
Net realized gains           (0.23)   (0.02)
Total distributions           (0.23)   (0.02)
Paid-in-capital from redemption fees 1   0.006   0.01    0.01    0.02 
Net asset value, end of period/year  $12.99   $12.00   $10.92   $19.08 
Total return 2   8.25%7   9.89%   (42.00)%   91.00%
Net assets, at end of period/year (000s)  $23,207   $22,186   $12,479   $15,730 
Ratio of gross expenses to average net assets before expense reimbursement 3,4   1.68%8   1.70%   1.63%   1.73%
Ratio of net expenses to average net assets after expense reimbursement 4   1.63%8   1.63%   1.63%   1.63%
Ratio of net investment loss to average net assets 4,5   (1.36)%8   (1.23)%   (1.54)%   (1.50)%
Portfolio Turnover Rate   33%7   80%   69%   60%
                     
*Eventide Exponential Technologies Fund commenced operations on June 30, 2020.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Amount represents less than $0.01 per share.

 

7.Not annualized.

 

8.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   87
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Exponential Technologies Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class A 
   Six Months Ended             
   December 31, 2023   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021 * 
Net asset value, beginning of period/year  $12.00   $10.93   $19.08   $10.00 
Activity from investment operations:                    
Net investment loss 1   (0.08)   (0.14)   (0.25)   (0.26)
Net realized and unrealized gain (loss) on investments   1.07    1.20    (7.68)   9.34 
Total from investment operations   0.99    1.06    (7.93)   9.08 
Less distributions from:                    
Net realized gains           (0.23)   (0.02)
Total distributions           (0.23)   (0.02)
Paid-in-capital from redemption fees 1   0.006   0.01    0.01    0.02 
Net asset value, end of period/year  $12.99   $12.00   $10.93   $19.08 
Total return 2   8.25%7   9.79%   (41.95)%   91.00%
Net assets, at end of period/year (000s)  $9,272   $8,257   $7,377   $7,662 
Ratio of gross expenses to average net assets before expense reimbursement 3,4   1.73%8   1.75%   1.68%   1.78%
Ratio of net expenses to average net assets after expense reimbursement 4   1.68%8   1.68%   1.68%   1.68%
Ratio of net investment loss to average net assets 4,5   (1.41)%8   (1.28)%   (1.58)%   (1.55)%
Portfolio Turnover Rate   33%7   80%   69%   60%
                     
*Eventide Exponential Technologies Fund commenced operations on June 30, 2020.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any and does not reflect the impact of sales charges. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Amount represents less than $0.01 per share.

 

7.Not annualized.

 

8.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   88
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Exponential Technologies Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class C 
   Six Months Ended             
   December 31, 2023   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021 * 
Net asset value, beginning of period/year  $11.74   $10.77   $18.96   $10.00 
Activity from investment operations:                    
Net investment loss 1   (0.12)   (0.21)   (0.37)   (0.38)
Net realized and unrealized gain (loss) on investments   1.04    1.17    (7.60)   9.35 
Total from investment operations   0.92    0.96    (7.97)   8.97 
Less distributions from:                    
Net realized gains           (0.23)   (0.02)
Total distributions           (0.23)   (0.02)
Paid-in-capital from redemption fees 1   0.006   0.01    0.01    0.01 
Net asset value, end of period/year  $12.66   $11.74   $10.77   $18.96 
Total return 2   7.84%7   9.01%   (42.43)%   89.80%
Net assets, at end of period/year (000s)  $2,921   $2,635   $2,422   $2,065 
Ratio of gross expenses to average net assets before expense reimbursement 3,4   2.48%8   2.50%   2.43%   2.53%
Ratio of net expenses to average net assets after expense reimbursement 4   2.43%8   2.43%   2.43%   2.43%
Ratio of net investment loss to average net assets 4,5   (2.16)%8   (2.03)%   (2.33)%   (2.30)%
Portfolio Turnover Rate   33%7   80%   69%   60%
                     
*Eventide Exponential Technologies Fund commenced operations on June 30, 2020.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Amount represents less than $0.01 per share.

 

7.Not annualized.

 

8.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   89
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Exponential Technologies Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class I 
   Six Months Ended             
   December 31, 2023   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021 * 
Net asset value, beginning of period/year  $12.08   $10.97   $19.12   $10.00 
Activity from investment operations:                    
Net investment loss 1   (0.07)   (0.11)   (0.22)   (0.22)
Net realized and unrealized gain (loss) on investments   1.08    1.21    (7.71)   9.34 
Total from investment operations   1.01    1.10    (7.93)   9.12 
Less distributions from:                    
Net realized gains           (0.23)   (0.02)
Total distributions           (0.23)   (0.02)
Paid-in-capital from redemption fees 1   0.006   0.01    0.01    0.02 
Net asset value, end of period/year  $13.09   $12.08   $10.97   $19.12 
Total return 2   8.36%7   10.12%   (41.86)%   91.40%
Net assets, at end of period/year (000s)  $92,233   $82,735   $72,567   $96,821 
Ratio of gross expenses to average net assets before expense reimbursement 3,4   1.48%8   1.50%   1.43%   1.53%
Ratio of net expenses to average net assets after expense reimbursement 4   1.43%8   1.43%   1.43%   1.43%
Ratio of net investment loss to average net assets 4,5   (1.16)%8   (1.02)%   (1.33)%   (1.30)%
Portfolio Turnover Rate   33%7   80%   69%   60%
                     
*Eventide Exponential Technologies Fund commenced operations on June 30, 2020.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Amount represents less than $0.01 per share.

 

7.Not annualized.

 

8.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   90
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Gilead Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class N 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $48.25   $44.10   $69.91   $47.16   $41.75   $37.80 
Activity from investment operations:                              
Net investment loss 1   (0.16)   (0.27)   (0.53)   (0.51)   (0.25)   (0.14)
Net realized and unrealized gain (loss) on investments   2.44    6.70    (21.01)   23.77    6.98    5.80 
Total from investment operations   2.28    6.43    (21.54)   23.26    6.73    5.66 
Less distributions from:                              
Net realized gains       (2.28)   (4.27)   (0.51)   (1.32)   (1.71)
Total distributions       (2.28)   (4.27)   (0.51)   (1.32)   (1.71)
Net asset value, end of period/year  $50.53   $48.25   $44.10   $69.91   $47.16   $41.75 
Total return 2   4.31%5   15.29%7   (32.65)%   49.43%   16.66%   16.41%
Net assets, at end of period/year (000s)  $518,922   $526,825   $529,869   $827,811   $549,944   $639,372 
Ratio of net expenses to average net assets 3   1.36%6   1.38%   1.31%   1.31%   1.38%   1.39%
Ratio of net investment loss to average net assets 3,4   (0.67)%6   (0.59)%   (0.86)%   (0.85)%   (0.63)%   (0.37)%
Portfolio Turnover Rate   18%5   34%   27%   19%   35%   38%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any.

 

3.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

4.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

5.Not annualized.

 

6.Annualized.

 

7.Includes adjustments in accordance with accounting principles generally accepted in the United States of America and, consequently, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions.

 

See accompanying notes to financial statements.

E V E N T I D E   91
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Gilead Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class A 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $47.94   $43.83   $69.53   $46.92   $41.57   $37.66 
Activity from investment operations:                              
Net investment loss 1   (0.17)   (0.29)   (0.55)   (0.54)   (0.27)   (0.16)
Net realized and unrealized gain (loss) on investments   2.41    6.68    (20.88)   23.66    6.94    5.78 
Total from investment operations   2.24    6.39    (21.43)   23.12    6.67    5.62 
Less distributions from:                              
Net realized gains       (2.28)   (4.27)   (0.51)   (1.32)   (1.71)
Total distributions       (2.28)   (4.27)   (0.51)   (1.32)   (1.71)
Net asset value, end of period/year  $50.18   $47.94   $43.83   $69.53   $46.92   $41.57 
Total return 2   4.28%5   15.30%7   (32.67)%   49.39%   16.58%   16.36%
Net assets, at end of period/year (000s)  $361,513   $351,924   $302,171   $458,726   $301,013   $274,059 
Ratio of net expenses to average net assets 3   1.41%6   1.43%   1.36%   1.36%   1.43%   1.44%
Ratio of net investment loss to average net assets 3,4   (0.72)%6   (0.65)%   (0.91)%   (0.91)%   (0.69)%   (0.44)%
Portfolio Turnover Rate   18%5   34%   27%   19%   35%   38%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any and does not reflect the impact of sales charges.

 

3.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

4.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

5.Not Annualized.

 

6.Annualized.

 

7.Includes adjustments in accordance with accounting principles generally accepted in the United States of America and, consequently, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions.

 

See accompanying notes to financial statements.

E V E N T I D E   92
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Gilead Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class C 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $42.13   $39.09   $62.97   $42.86   $38.37   $35.16 
Activity from investment operations:                              
Net investment loss 1   (0.30)   (0.55)   (0.91)   (0.89)   (0.53)   (0.41)
Net realized and unrealized gain (loss) on investments   2.12    5.87    (18.70)   21.51    6.34    5.33 
Total from investment operations   1.82    5.32    (19.61)   20.62    5.81    4.92 
Less distributions from:                              
Net realized gains       (2.28)   (4.27)   (0.51)   (1.32)   (1.71)
Total distributions       (2.28)   (4.27)   (0.51)   (1.32)   (1.71)
Net asset value, end of period/year  $43.95   $42.13   $39.09   $62.97   $42.86   $38.37 
Total return 2   3.88%5,6   14.38%5   (33.21)%   48.23%   15.71%   15.51%
Net assets, at end of period/year (000s)  $198,916   $218,201   $235,967   $404,272   $289,242   $266,001 
Ratio of net expenses to average net assets 3   2.16%7   2.18%   2.11%   2.11%   2.18%   2.19%
Ratio of net investment loss to average net assets 3,4   (1.46)%7   (1.40)%   (1.67)%   (1.65)%   (1.43)%   (1.17)%
Portfolio Turnover Rate   18%6   34%   27%   19%   35%   38%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any.

 

3.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

4.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

5.Includes adjustments in accordance with accounting principles generally accepted in the United States of America and, consequently, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   93
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Gilead Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class I 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $49.82   $45.36   $71.65   $48.22   $42.59   $38.44 
Activity from investment operations:                              
Net investment loss 1   (0.11)   (0.19)   (0.41)   (0.40)   (0.18)   (0.07)
Net realized and unrealized gain (loss) on investments   2.51    6.93    (21.61)   24.34    7.13    5.93 
Total from investment operations   2.40    6.74    (22.02)   23.94    6.95    5.86 
Less distributions from:                              
Net realized gains       (2.28)   (4.27)   (0.51)   (1.32)   (1.71)
Total distributions       (2.28)   (4.27)   (0.51)   (1.32)   (1.71)
Net asset value, end of period/year  $52.22   $49.82   $45.36   $71.65   $48.22   $42.59 
Total return 2   4.42%5   15.56%7   (32.52)%   49.76%   16.85%   16.66%
Net assets, at end of period/year (000s)  $2,741,060   $2,663,688   $2,408,991   $3,522,353   $1,997,163   $1,475,489 
Ratio of net expenses to average net assets 3   1.16%6   1.18%   1.11%   1.11%   1.18%   1.19%
Ratio of net investment loss to average net assets 3,4   (0.47)%6   (0.40)%   (0.66)%   (0.65)%   (0.43)%   (0.17)%
Portfolio Turnover Rate   18%5   34%   27%   19%   35%   38%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any.

 

3.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

4.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

5.Not annualized.

 

6.Annualized.

 

7.Includes adjustments in accordance with accounting principles generally accepted in the United States of America and, consequently, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions.

 

See accompanying notes to financial statements.

E V E N T I D E   94
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Healthcare & Life Sciences Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class N 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $36.63   $26.52   $46.19   $43.33   $35.51   $34.52 
Activity from investment operations:                              
Net investment loss 1   (0.20)   (0.37)   (0.57)   (0.72)   (0.52)   (0.46)
Net realized and unrealized gain (loss) on investments   (0.24)   10.48    (14.74)   5.52    9.19    3.39 
Total from investment operations   (0.44)   10.11    (15.31)   4.80    8.67    2.93 
Less distributions from:                              
Net investment income           (0.63)            
Net realized gains           (3.73)   (1.94)   (0.87)   (1.98)
Total distributions           (4.36)   (1.94)   (0.87)   (1.98)
Paid-in-capital from redemption fees 1               0.005   0.02    0.04 
Net asset value, end of period/year  $36.19   $36.63   $26.52   $46.19   $43.33   $35.51 
Total return 2   (1.92)%6   38.12%8   (35.99)%8   10.34%   24.68%   10.38%8
Net assets, at end of period/year (000s)  $111,156   $133,006   $115,954   $227,441   $231,460   $147,468 
Ratio of net expenses to average net assets 3   1.52%7   1.50%   1.50%   1.48%   1.50%   1.49%
Ratio of net investment loss to average net assets 3,4   (1.21)%7   (1.14)%   (1.49)%   (1.47)%   (1.44)%   (1.38)%
Portfolio Turnover Rate   45%6   79%   59%   62%   33%   53%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any.

 

3.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

4.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

5.Amount represents less than $0.01 per share.

 

6.Not annualized.

 

7.Annualized.

 

8.Includes adjustments in accordance with accounting principles generally accepted in the United States of America and, consequently, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions.

 

See accompanying notes to financial statements.

E V E N T I D E   95
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Healthcare & Life Sciences Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class A 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $36.37   $26.34   $45.91   $43.10   $35.33   $34.40 
Activity from investment operations:                              
Net investment loss 1   (0.21)   (0.38)   (0.58)   (0.74)   (0.53)   (0.48)
Net realized and unrealized gain (loss) on investments   (0.25)   10.41    (14.64)   5.49    9.15    3.35 
Total from investment operations   (0.46)   10.03    (15.22)   4.75    8.62    2.87 
Less distributions from:                              
Net investment income           (0.62)            
Net realized gains           (3.73)   (1.94)   (0.87)   (1.98)
Total distributions           (4.35)   (1.94)   (0.87)   (1.98)
Paid-in-capital from redemption fees 1               0.005   0.02    0.04 
Net asset value, end of period/year  $35.91   $36.37   $26.34   $45.91   $43.10   $35.33 
Total return 2   (1.94)%6,7   38.08%6   (36.02)%6   10.28%   24.67%   10.24%7
Net assets, at end of period/year (000s)  $142,912   $151,885   $114,642   $191,709   $175,151   $143,407 
Ratio of net expenses to average net assets 3   1.57%8   1.55%   1.55%   1.53%   1.55%   1.54%
Ratio of net investment loss to average net assets 3,4   (1.26)%8   (1.19)%   (1.54)%   (1.52)%   (1.49)%   (1.43)%
Portfolio Turnover Rate   45%7   79%   59%   62%   33%   53%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any and does not reflect the impact of sales charges.

 

3.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

4.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

5.Amount represents less than $0.01 per share.

 

6.Includes adjustments in accordance with accounting principles generally accepted in the United States of America and, consequently, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions.

 

7.Not annualized.

 

8.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   96
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Healthcare & Life Sciences Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class C 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $33.39   $24.37   $42.78   $40.56   $33.54   $33.00 
Activity from investment operations:                              
Net investment loss 1   (0.31)   (0.57)   (0.80)   (1.04)   (0.76)   (0.69)
Net realized and unrealized gain (loss) on investments   (0.22)   9.59    (13.60)   5.20    8.63    3.17 
Total from investment operations   (0.53)   9.02    (14.40)   4.16    7.87    2.48 
Less distributions from:                              
Net investment income           (0.28)            
Net realized gains           (3.73)   (1.94)   (0.87)   (1.98)
Total distributions           (4.01)   (1.94)   (0.87)   (1.98)
Paid-in-capital from redemption fees 1               0.005   0.02    0.04 
Net asset value, end of period/year  $32.86   $33.39   $24.37   $42.78   $40.56   $33.54 
Total return 2   (2.29)%6   37.01%8   (36.51)%8   9.45%   23.73%   9.50%8
Net assets, at end of period/year (000s)  $67,215   $76,849   $66,540   $120,351   $104,202   $87,773 
Ratio of net expenses to average net assets 3   2.32%7   2.30%   2.30%   2.28%   2.30%   2.29%
Ratio of net investment loss to average net assets 3,4   (2.01)%7   (1.94)%   (2.29)%   (2.27)%   (2.23)%   (2.18)%
Portfolio Turnover Rate   45%6   79%   59%   62%   33%   53%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any.

 

3.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

4.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

5.Amount represents less than $0.01 per share.

 

6.Not annualized.

 

7.Annualized.

 

8.Includes adjustments in accordance with accounting principles generally accepted in the United States of America and, consequently, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions.

 

See accompanying notes to financial statements.

E V E N T I D E   97
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Healthcare & Life Sciences Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Period or Years Presented
 
   Class I 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Year Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 
Net asset value, beginning of period/year  $37.45   $27.05   $47.04   $44.02   $35.98   $34.88 
Activity from investment operations:                              
Net investment loss 1   (0.18)   (0.31)   (0.49)   (0.64)   (0.46)   (0.40)
Net realized and unrealized gain (loss) on investments   (0.26)   10.71    (15.03)   5.60    9.35    3.44 
Total from investment operations   (0.44)   10.40    (15.52)   4.96    8.89    3.04 
Less distributions from:                              
Net investment income           (0.74)            
Net realized gains           (3.73)   (1.94)   (0.87)   (1.98)
Total distributions           (4.47)   (1.94)   (0.87)   (1.98)
Paid-in-capital from redemption fees 1               0.005   0.02    0.04 
Net asset value, end of period/year  $37.01   $37.45   $27.05   $47.04   $44.02   $35.98 
Total return 2   (1.83)%6   38.45%8   (35.85)%8   10.54%   24.97%   10.60%8
Net assets, at end of period/year (000s)  $1,345,765   $1,441,422   $1,024,430   $1,573,091   $1,120,862   $705,159 
Ratio of net expenses to average net assets 3   1.32%7   1.30%   1.30%   1.28%   1.30%   1.29%
Ratio of net investment loss to average net assets 3,4   (1.01)%7   (0.94)%   (1.29)%   (1.28)%   (1.24)%   (1.19)%
Portfolio Turnover Rate   45%6   79%   59%   62%   33%   53%
                               
1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any.

 

3.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

4.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

5.Amount represents less than $0.01 per share.

 

6.Not annualized.

 

7.Annualized.

 

8.Includes adjustments in accordance with accounting principles generally accepted in the United States of America and, consequently, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions.

 

See accompanying notes to financial statements.

E V E N T I D E   98
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Large Cap Focus Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout the Period or Year Presented
 
   Class N 
   Six Months Ended     
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 * 
Net asset value, beginning of period/year  $11.44   $10.00 
Activity from investment operations:          
Net investment loss 1   (0.02)   (0.01)
Net realized and unrealized gain on investments   0.99    1.45 
Total from investment operations   0.97    1.44 
Less distributions from:          
Return of capital       (0.00)6
Total distributions       (0.00)6
Net asset value, end of period/year  $12.41   $11.44 
Total return 2   8.48%7   14.43%
Net assets, at end of period/year (000s)  $5,688   $330 
Ratio of gross expenses to average net assets before expense reimbursement 3,4   1.75%8   2.84%9
Ratio of net expenses to average net assets after expense reimbursement 4   1.14%8   1.15%9
Ratio of net investment loss to average net assets 4,5   (0.34)%8   (0.15)%
Portfolio Turnover Rate   28%7   48%
           
*Eventide Large Cap Focus Fund Class N commenced operations on June 30, 2022.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Amount represents less than $0.01 per share.

 

7.Not annualized.

 

8.Annualized.

 

9.The ratio includes 0.01% for the year ended June 30, 2023 attributed to line of credit fees.

 

See accompanying notes to financial statements.

E V E N T I D E   99
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Large Cap Focus Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout the Period or Year Presented
 
   Class A 
   Six Months Ended     
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 * 
Net asset value, beginning of period/year  $11.42   $10.00 
Activity from investment operations:          
Net investment loss 1   (0.02)   (0.00)6
Net realized and unrealized gain on investments   0.99    1.43 
Total from investment operations   0.97    1.43 
Less distributions from:          
Return of capital       (0.01)
Total distributions       (0.01)
Net asset value, end of period/year  $12.39   $11.42 
Total return 2   8.49%7   14.26%
Net assets, at end of period/year (000s)  $603   $190 
Ratio of gross expenses to average net assets before expense reimbursement 3,4   1.80%8   2.89%9
Ratio of net expenses to average net assets after expense reimbursement 4   1.19%8   1.20%9
Ratio of net investment loss to average net assets 4,5   (0.36)%8   (0.25)%
Portfolio Turnover Rate   28%7   48%
           
*Eventide Large Cap Focus Fund Class N commenced operations on June 30, 2022.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any and does not reflect the impact of sales charges. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Amount represents less than $0.01 per share.

 

7.Not annualized.

 

8.Annualized.

 

9.The ratio includes 0.01% for the year ended June 30, 2023 attributed to line of credit fees.

 

See accompanying notes to financial statements.

E V E N T I D E   100
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Large Cap Focus Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout the Period or Year Presented
 
   Class C 
   Six Months Ended     
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 * 
Net asset value, beginning of period/year  $11.36   $10.00 
Activity from investment operations:          
Net investment loss 1   (0.06)   (0.09)
Net realized and unrealized gain on investments   0.97    1.45 
Total from investment operations   0.91    1.36 
Net asset value, end of period/year  $12.27   $11.36 
Total return 2   8.01%6   13.60%
Net assets, at end of period/year (000s)  $46   $27 
Ratio of gross expenses to average net assets before expense reimbursement 3,4   2.55%7   3.64%8
Ratio of net expenses to average net assets after expense reimbursement 4   1.94%7   1.95%8
Ratio of net investment loss to average net assets 4,5   (1.12)%7   (0.93)%
Portfolio Turnover Rate   28%6   48%
           
*Eventide Large Cap Focus Fund Class N commenced operations on June 30, 2022.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements/recapture by the advisor.

 

4.The ratios of expenses to average net assets and net investment loss to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Not annualized.

 

7.Annualized.

 

8.The ratio includes 0.01% for the year ended June 30, 2023 attributed to line of credit fees.

 

See accompanying notes to financial statements.

E V E N T I D E   101
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Large Cap Focus Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout the Period or Year Presented
 
   Class I 
   Six Months Ended     
   December 31, 2023   Year Ended 
   (Unaudited)   June 30, 2023 * 
Net asset value, beginning of period/year  $11.44   $10.00 
Activity from investment operations:          
Net investment income (loss) 1   (0.01)   0.01 
Net realized and unrealized gain on investments   1.00    1.44 
Total from investment operations   0.99    1.45 
Less distributions from:          
Net investment income       (0.00)6
Return of capital       (0.01)
Total distributions       (0.01)
Net asset value, end of period/year  $12.43   $11.44 
Total return 2   8.65%7   14.55%
Net assets, at end of period/year (000s)  $24,696   $12,808 
Ratio of gross expenses to average net assets before expense reimbursement 3,4   1.55%8   2.64%9
Ratio of net expenses to average net assets after expense reimbursement 4   0.94%8   0.95%9
Ratio of net investment income (loss) to average net assets 4,5   (0.11)%8   0.08%
Portfolio Turnover Rate   28%7   48%
           
*Eventide Large Cap Focus Fund Class N commenced operations on June 30, 2022.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.The ratios of expenses to average net assets and net investment income to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.

 

5.Recognition of net investment loss is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

6.Amount represents less than $0.01 per share.

 

7.Not annualized.

 

8.Annualized.

 

9.The ratio includes 0.01% for the year ended June 30, 2023 attributed to line of credit fees.

 

See accompanying notes to financial statements.

E V E N T I D E   102
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Periods or Years Presented
 
   Class N 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Period Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 * 
Net asset value, beginning of period/year  $9.68   $9.72   $10.49   $10.62   $10.38   $10.03 
Activity from investment operations:                              
Net investment income 1   0.12    0.16    0.04    0.06    0.15    0.12 
Net realized and unrealized gain (loss) on investments   0.24    (0.04)   (0.69)   (0.01)   0.30    0.34 
Total from investment operations   0.36    0.12    (0.65)   0.05    0.45    0.46 
Less distributions from:                              
Net investment income   (0.13)   (0.16)   (0.07)   (0.07)   (0.19)   (0.11)
Net realized gains               (0.07)        
Return of capital       (0.00)5   (0.05)   (0.04)   (0.02)    
Total distributions   (0.13)   (0.16)   (0.12)   (0.18)   (0.21)   (0.11)
Net asset value, end of period/year  $9.91   $9.68   $9.72   $10.49   $10.62   $10.38 
Total return 2   3.77%6   1.29%   (6.26)%   0.48%   4.37%   4.64%6
Net assets, at end of period/year (000s)  $17,983   $17,698   $5,622   $6,906   $37,973   $1,680 
Ratio of gross expenses to average net assets before expense reimbursement 3   0.96%7   0.91%   0.84%   0.86%   1.11%   2.41%7
Ratio of net expenses to average net assets after expense reimbursement   0.75%7   0.75%   0.75%   0.75%   0.75%   0.98%7
Ratio of net investment income to average net assets 4   2.58%7   1.66%   0.42%   0.54%   1.44%   2.20%7
Portfolio Turnover Rate   22%6   34%   48%   72%   71%   60%6
                               
*Eventide Limited-Term Bond Fund Class N commenced on December 14, 2018.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

5.Amount represents less than $0.01 per share.

 

6.Not annualized.

 

7.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   103
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Periods or Years Presented
 
   Class A 
   Six Months                         
   Ended   Year   Year   Year   Year   Period   Year 
   December 31,   Ended   Ended   Ended   Ended   Ended   Ended 
   2023   June 30,   June 30,   June 30,   June 30,   June 30,   October 31, 
   (Unaudited)   2023   2022   2021   2020   2019*   2018 
Net asset value, beginning of period/year  $9.70   $9.75   $10.51   $10.65   $10.41   $10.06   $10.44 
Activity from investment operations:                                   
Net investment income 1   0.12    0.14    0.04    0.03    0.17    0.14    0.19 
Net realized and unrealized gain (loss) on investments   0.25    (0.03)   (0.69)   0.015   0.27    0.37    (0.35)
Total from investment operations   0.37    0.11    (0.65)   0.04    0.44    0.51    (0.16)
Less distributions from:                                   
Net investment income   (0.13)   (0.16)   (0.06)   (0.07)   (0.18)   (0.16)   (0.20)
Net realized gains               (0.07)           (0.02)
Return of capital       (0.00)6   (0.05)   (0.04)   (0.02)        
Total distributions   (0.13)   (0.16)   (0.11)   (0.18)   (0.20)   (0.16)   (0.22)
Paid-in-capital from redemption fees 1                           0.006
Net asset value, end of period/year  $9.94   $9.70   $9.75   $10.51   $10.65   $10.41   $10.06 
Total return 2   3.83%7   1.14%   (6.20)%   0.45%   4.30%   5.08%7   (1.52)%
Net assets, at end of period/year (000s)  $10,811   $19,390   $22,210   $29,596   $12,873   $13,977   $17,191 
Ratio of gross expenses to average net assets before expense reimbursement 3   1.01%8   0.96%   0.89%   0.91%   1.16%   2.09%8   1.62%
Ratio of net expenses to average net assets after expense reimbursement   0.80%8   0.80%   0.80%   0.80%   0.80%   1.08%8   1.25%
Ratio of net investment income to average net assets 4   2.49%8   1.47%   0.37%   0.27%   1.63%   2.05%8   1.89%
Portfolio Turnover Rate   22%7   34%   48%   72%   71%   60%7   27%
                                    
*Represents the period November 1, 2018 through June 30, 2019. See Note 1.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any and does not reflect the impact of sales charges. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

5.Due to the timing of shareholder transactions, and allocations of expenses among share classes, the per unit amounts presented may not coincide with the aggregate presentation on the Statements of Operations.

 

6.Amount represents less than $0.01 per share.

 

7.Not annualized.

 

8.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   104
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Periods or Years Presented
 
   Class C 
   Six Months Ended                     
   December 31, 2023   Year Ended   Year Ended   Year Ended   Year Ended   Period Ended 
   (Unaudited)   June 30, 2023   June 30, 2022   June 30, 2021   June 30, 2020   June 30, 2019 * 
Net asset value, beginning of period/year  $9.64   $9.68   $10.44   $10.60   $10.37   $10.03 
Activity from investment operations:                              
Net investment income (loss) 1   0.09    0.07    (0.04)   (0.05)   (0.01)   0.07 
Net realized and unrealized gain (loss) on investments   0.24    (0.02)   (0.68)   0.015   0.37    0.35 
Total from investment operations   0.33    0.05    (0.72)   (0.04)   0.36    0.42 
Less distributions from:                              
Net investment income   (0.10)   (0.09)   (0.02)   (0.01)   (0.10)   (0.08)
Net realized gains               (0.07)        
Return of capital       (0.00)6   (0.02)   (0.04)   (0.03)    
Total distributions   (0.10)   (0.09)   (0.04)   (0.12)   (0.13)   (0.08)
Net asset value, end of period/year  $9.87   $9.64   $9.68   $10.44   $10.60   $10.37 
Total return 2   3.36%7   0.49%   (6.94)%   (0.38)%   3.50%   4.24%7
Net assets, at end of period/year (000s)  $1,323   $1,618   $1,678   $1,545   $401   $72 
Ratio of gross expenses to average net assets before expense reimbursement 3   1.76%8   1.71%   1.64%   1.66%   1.91%   3.21%8
Ratio of net expenses to average net assets after expense reimbursement   1.55%8   1.55%   1.55%   1.55%   1.55%   1.78%8
Ratio of net investment income (loss) to average net assets 4   1.77%8   0.74%   (0.37)%   (0.50)%   (0.08)%   1.45%8
Portfolio Turnover Rate   22%7   34%   48%   72%   71%   60%7
                               
*Eventide Limited-Term Bond Fund Class C commenced on December 14, 2018.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements/recapture by the advisor.

 

4.Recognition of net investment income (loss) is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

5.Due to the timing of shareholder transactions, and allocations of expenses among share classes, the per unit amounts presented may not coincide with the aggregate presentation on the Statements of Operations.

 

6.Amount represents less than $0.01 per share.

 

7.Not annualized.

 

8.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   105
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Limited-Term Bond Fund
FINANCIAL HIGHLIGHTS
 
Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout Each of the Periods or Years Presented
 
   Class I 
   Six Months                         
   Ended   Year   Year   Year   Year   Period   Year 
   December 31,   Ended   Ended   Ended   Ended   Ended   Ended 
   2023   June 30,   June 30,   June 30,   June 30,   June 30,   October 31, 
   (Unaudited)   2023   2022   2021   2020   2019*   2018 
Net asset value, beginning of period/year  $9.93   $9.97   $10.75   $10.89   $10.64   $10.27   $10.63 
Activity from investment operations:                                   
Net investment income 1   0.14    0.16    0.07    0.05    0.17    0.16    0.22 
Net realized and unrealized gain (loss) on investments   0.24    (0.02)   (0.71)   0.015   0.31    0.38    (0.36)
Total from investment operations   0.38    0.14    (0.64)   0.06    0.48    0.54    (0.14)
Less distributions from:                                   
Net investment income   (0.14)   (0.18)   (0.08)   (0.09)   (0.21)   (0.17)   (0.20)
Net realized gains               (0.07)           (0.02)
Return of capital       (0.00)6   (0.06)   (0.04)   (0.02)        
Total distributions   (0.14)   (0.18)   (0.14)   (0.20)   (0.23)   (0.17)   (0.22)
Paid-in-capital from redemption fees 1                           (0.00)6
Net asset value, end of period/year  $10.17   $9.93   $9.97   $10.75   $10.89   $10.64   $10.27 
Total return 2   3.87%7   1.46%   (6.02)%   0.65%   4.58%   5.30%7   (1.31)%
Net assets, at end of period/year (000s)  $101,105   $88,666   $152,546   $144,089   $28,847   $3,230   $1,030 
Ratio of gross expenses to average net assets before expense reimbursement 3   0.76%8   0.71%   0.64%   0.66%   0.91%   1.97%8   1.38%
Ratio of net expenses to average net assets after expense reimbursement   0.55%8   0.55%   0.55%   0.55%   0.55%   0.81%8   1.00%
Ratio of net investment income to average net assets 4   2.79%8   1.68%   0.64%   0.49%   1.58%   2.30%8   2.10%
Portfolio Turnover Rate   22%7   34%   48%   72%   71%   60%7   27%
                                    
*Represents the period November 1, 2018 through June 30, 2019. See Note 1.

 

1.Per share amounts calculated using the average shares method.

 

2.Total return in the above table is historical in nature and represents the rate that the investor would have earned or lost on an investment in the Fund assuming reinvestment of dividends and capital gain distributions, if any. Had the advisor not waived a portion of the Fund’s expenses in certain periods, total returns would have been lower.

 

3.Represents the ratio of expenses to average net assets absent fee waivers and/or expense reimbursements by the advisor.

 

4.Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

 

5.Due to the timing of shareholder transactions, and allocations of expenses among share classes, the per unit amounts presented may not coincide with the aggregate presentation on the Statements of Operations.

 

6.Amount represents less than $0.01 per share.

 

7.Not annualized.

 

8.Annualized.

 

See accompanying notes to financial statements.

E V E N T I D E   106
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Funds  
Notes to Financial Statements December 31, 2023

 

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

 

Mutual Fund Series Trust (the Trust), was organized as an Ohio business trust on February 27, 2006. The Trust is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (1940 Act). The Trust currently consists of thirty-seven series. These financial statements include the following series: Eventide Balanced Fund (formerly Eventide Multi-Asset Income Fund), Eventide Core Bond Fund, Eventide Dividend Opportunities Fund, Eventide Exponential Technologies Fund, Eventide Gilead Fund, Eventide Healthcare & Life Sciences Fund, Eventide Large Cap Focus Fund and the Eventide Limited-Term Bond Fund (each a Fund or collectively the Funds). Each Fund except Eventide Exponential Technologies Fund and Eventide Large Cap Focus Fund is a diversified series of the Trust. Eventide Exponential Technologies Fund and Eventide Large Cap Focus Fund are non-diversified series of the Trust. The Funds’ investment advisor is Eventide Asset Management, LLC (the Advisor).

 

Eventide Balanced Fund commenced operations on July 15, 2015. The Fund’s investment objective is current income while maintaining the potential for capital appreciation.

 

Eventide Core Bond Fund commenced operations on July 31, 2020. The Fund’s investment objective is total return consistent with income generation.

 

Eventide Dividend Opportunities Fund commenced operations on September 29, 2017. The Fund’s investment objectives are dividend income and long-term capital appreciation. The Fund’s secondary objective is dividend growth.

 

Eventide Exponential Technologies Fund commenced operations on June 30, 2020. The Fund’s investment objective is long-term capital appreciation.

 

Eventide Gilead Fund commenced operations on July 8, 2008. The Fund’s investment objective is long-term capital appreciation.

 

Eventide Healthcare & Life Sciences Fund commenced operations on December 27, 2012. The Fund’s investment objective is long-term capital appreciation.

 

Eventide Large Cap Focus Fund commenced operations on June 30, 2022. The Fund’s investment objective is long-term capital appreciation.

 

Eventide Limited-Term Bond Fund (formerly Epiphany FFV Strategic Income Fund) Class A and Class I shares commenced operations on July 28, 2010. On March 29, 2017, the Board of Trustees of Epiphany Funds voted to reclassify (the Conversion) all outstanding Class C Shares of the Epiphany FFV Strategic Income Fund to Class I shares to be effective on May 30, 2017 (the Conversion Date). On the Conversion Date, each Class C share was reclassified as a Class I shares equal in value to the Class C shares owned by that shareholder. The Eventide Limited-Term Bond Fund’s Class N and Class C shares commenced operations December 14, 2018. The Fund changed its fiscal year end from October 31 to June 30. The Fund’s investment objective is income.

E V E N T I D E   107
 
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Each Fund offers four classes of shares, Class N, Class A, Class C and Class I. Each class differs as to sales and redemption charges and ongoing fees.

 

The following is a summary of significant accounting policies consistently followed by the Funds and are in accordance with accounting principles generally accepted in the United States of America (GAAP). The Funds are investment companies and accordingly follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 “Financial Services – Investment Companies” including Accounting Standards Update 2013-08.

 

a) Securities Valuation – Securities listed on an exchange are valued at the last reported sale price at the close of the regular trading session of the exchange on the business day the value is being determined, or in the case of securities listed on NASDAQ, at the NASDAQ Official Closing Price (NOCP). In the absence of a sale, such securities shall be valued at the last bid price on the day of valuation. Debt securities (other than short-term obligations) are valued each day by an independent pricing service approved by the Board of Trustees (the Board) using methods which include current market quotations from a major market maker in the securities and based on methods which include the consideration of yields or prices of securities of comparable quality, coupon, maturity and type. The Funds may invest in portfolios of open-end or closed-end investment companies (the underlying funds). Open-end investment companies are valued at their respective net asset values as reported by such investment companies. The underlying funds value securities in their portfolios for which market quotations are readily available at their market values (generally the last reported sale price) and all other securities and assets at their fair value by the methods established by the boards of trustees of the underlying funds. The shares of many closed-end investment companies, after their initial public offering, frequently trade at a price per share, which is different than the net asset value per share. The difference represents a market premium or market discount of such shares. There can be no assurances that the market discount or market premium on shares of any closed-end investment company purchased by the Funds will not change. The independent pricing service does not distinguish between smaller-sized bond positions known as “odd lots” and larger institutional-sized bond positions known as “round lots”. The Funds may fair value a particular bond if the Advisor does not believe that the round lot value provided by the independent pricing service reflects fair value of the Fund’s holding. Short term debt obligations having 60 days or less remaining until maturity, at time of purchase, may be valued at amortized cost, provided each such valuations represent fair value. Options are valued at their closing price on the exchange they are traded on. When no closing price is available, options are valued at their mean price.

 

The Fund may hold investments, such as private investments, interests in commodity pools, other non-traded securities or temporarily illiquid securities, for which market quotations are not readily available or are determined to be unreliable. These securities are valued using the “fair value” procedures approved by the Board. The Board has designated the Advisor as its valuation designee (the Valuation Designee) to execute these procedures. The Board may also enlist third party consultants such a valuation specialist at a public accounting firm, valuation consultant or financial officer of a security issuer on an as-needed basis to assist the Valuation Designee in determining a security-specific fair value. The Board is responsible for reviewing and approving fair value methodologies utilized by the Valuation Designee, approval of which shall be based upon whether the Valuation Designee followed the valuation procedures established by the Board.

E V E N T I D E   108
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3

The Funds utilize various methods to measure the fair value of most of their investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of input are:

 

Level 1 – Unadjusted quoted prices in active markets for identical assets and liabilities that the Funds have the ability to access.

 

Level 2 – Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument in an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

 

Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Funds’ own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

 

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

 

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following tables summarize the inputs used as of December 31, 2023 for the Funds’ assets measured at fair value:

 

Eventide Balanced Fund Assets                
                 
Security Classifications  Level 1   Level 2   Level 3   Totals 
Common Stocks 1  $164,681,049   $   $   $164,681,049 
Asset Backed Securities 1       5,410,040        5,410,040 
Collateralized Mortgage Obligations 1       1,840,021        1,840,021 
Convertible Bonds 1       3,142,447        3,142,447 
Corporate Bonds 1       82,407,275    3,800,000    86,207,275 
Municipal Bonds 1       7,506,865        7,506,865 
U.S. Government & Agencies 1       70,324,180        70,324,180 
Short-Term Investments   108,428            108,428 
Total  $164,789,477   $170,630,828   $3,800,000   $339,220,305 
                     
Eventide Core Bond Fund Assets                
                 
Security Classifications  Level 1   Level 2   Level 3   Totals 
Asset Backed Securities 1  $   $3,596,628   $   $3,596,628 
Corporate Bonds 1       52,150,203        52,150,203 
Municipal Bonds 1       5,659,101        5,659,101 
U.S. Government & Agencies 1       49,604,931        49,604,931 
Total  $   $111,010,863   $   $111,010,863 
E V E N T I D E   109
 
S E M I - A N N U A L  R E P O R TD e c e m b e r  3 1 ,  2 0 2 3
Eventide Dividend Opportunities Fund Assets 
  
Security Classifications  Level 1   Level 2   Level 3   Totals 
Common Stocks 1  $660,796,924   $   $   $660,796,924 
Corporate Bonds 1           3,250,000    3,250,000 
Short-Term Investments   108,779            108,779 
Total  $660,905,703   $   $3,250,000   $664,155,703 
                     
Eventide Exponential Technologies Fund Assets 
  
Security Classifications  Level 1   Level 2   Level 3   Totals 
Common Stocks 1  $122,991,339   $   $   $122,991,339 
Corporate Bonds 1           750,000    750,000 
Warrant 1                
Short-Term Investments   12,195            12,195 
Total  $123,003,534   $   $750,000   $123,753,534 
                     
Eventide Gilead Fund Assets 
  
Security Classifications  Level 1   Level 2   Level 3   Totals 
Common Stocks 1  $3,608,570,996   $   $   $3,608,570,996 
Contingent Value Rights 1           3,365,186    3,365,186 
Private Investments 1           22,589,287    22,589,287 
Corporate Bonds 1       12,000,000    31,000,000    43,000,000 
Warrant 1           3,294,959    3,294,959 
Short-Term Investments   5,063,928            5,063,928 
Total  $3,613,634,924   $12,000,000   $60,249,432   $3,685,884,356 
                     
Eventide Healthcare & Life Sciences Fund Assets 
  
Security Classifications  Level 1   Level 2   Level 3   Totals 
Common Stocks 1  $1,539,489,981   $   $   $1,539,489,981 
Contingent Value Rights 1           1,291,743    1,291,743 
Private Investments 1           69,776,258    69,776,258 
Convertible Bonds 1           2,818,000    2,818,000 
Warrant 1           2,055,533    2,055,533 
Short-Term Investments   3,306,956            3,306,956 
Total  $1,542,796,937   $   $75,941,534   $1,618,738,471 
                     
Eventide Large Cap Focus Fund Assets 
  
Security Classifications  Level 1   Level 2   Level 3   Totals 
Common Stocks 1  $29,499,372   $   $   $29,499,372 
Warrant 1                
Short-Term Investments   1,351,058            1,351,058 
Total  $30,850,430   $   $   $30,850,430 
                     
Eventide Limited-Term Bond Fund Assets 
  
Security Classifications  Level 1   Level 2   Level 3   Totals 
Asset Backed Securities 1  $   $7,265,502   $   $7,265,502 
Corporate Bonds 1       82,599,637        82,599,637 
Municipal Bonds 1       8,507,949        8,507,949 
U.S. Government & Agencies 1       29,173,835        29,173,835 
Total  $   $127,546,923   $   $127,546,923 
                     
1.For a detailed break-out of investments by security classification, please refer to the Schedule of Investments.
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The following is a reconciliation of assets in which level 3 inputs were used in determining value:

 

Eventide Balanced Fund                         
                          
   Corporate Bonds   Total                         
Beginning balance 6/30/2023  $3,800,000   $3,800,000                         
Total realized gain (loss)                                
Change in unrealized appreciation (depreciation)                                
Cost of purchases                                
Proceeds from sales                                
Net transfers in/out of level 3                                
Ending balance 12/31/2023  $3,800,000   $3,800,000                         
                                   
Eventide Dividend Opportunities Fund                         
                          
   Corporate Bonds   Total                         
Beginning balance 6/30/2023  $2,000,000   $2,000,000                         
Total realized gain (loss)                                
Change in unrealized appreciation (depreciation)                                
Cost of purchases   3,250,000    3,250,000                         
Proceeds from sales                                
Corporate action   (2,000,000)   (2,000,000)                        
Net transfers in/out of level 3                                
Ending balance 12/31/2023  $3,250,000   $3,250,000                         
                                   
Eventide Exponential Technologies Fund  
   
   Corporate Bonds   Warrant   Total                 
Beginning balance 6/30/2023  $   $   $                 
Total realized gain (loss)                            
Change in unrealized appreciation (depreciation)                            
Cost of purchases   750,000        750,000                 
Proceeds from sales                            
Net transfers in/out of level 3                            
Ending balance 12/31/2023  $750,000   $   $750,000                 
                                
Eventide Gilead Fund 
  
   Contingent Value                 
   Rights   Private Investments   Corporate Bonds   Warrant   Total 
Beginning balance 6/30/2023  $3,197,106   $18,653,578   $27,000,000   $1,274,958   $50,125,642 
Total realized gain (loss)                    
Change in unrealized appreciation (depreciation)   168,080    (2,064,293)       2,020,001    123,788 
Cost of purchases       6,000,002    11,000,000        17,000,002 
Proceeds from sales                    
Corporate action           (7,000,000)       (7,000,000)
Net transfers in/out of level 3                    
Ending balance 12/31/2023  $3,365,186   $22,589,287   $31,000,000   $3,294,959   $60,249,432 
                          
Eventide Healthcare & Life Sciences Fund 
  
   Contingent Value                 
   Rights   Private Investments   Convertible Bonds   Warrant   Total 
Beginning balance 6/30/2023  $1,227,225   $93,230,465   $2,818,000   $708,377   $97,984,067 
Total realized gain (loss)                    
Change in unrealized appreciation (depreciation)   64,518    (1,995,923)       1,347,156    (584,249)
Cost of purchases       18,999,996            18,999,996 
Proceeds from sales                    
Corporate action                    
Net transfers in/out of level 3       (40,458,280)           (40,458,280)
Ending balance 12/31/2023  $1,291,743   $69,776,258   $2,818,000   $2,055,533   $75,941,534 
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The significant unobservable inputs used in the fair value measurement of the Funds’ Level 3 private investments were as follows:

 

        Impact to Valuation from
Description Valuation Technique(s) Unobservable Input Input an increase in Input1
Arch Oncology, Inc. Series C1 Residual Value Net assets $540K Increase
Beta Bionics, Inc. Series B, PWERM Revenue $46.1M Increase
Beta Bionics, Inc. Series B2,   Revenue multiple 8.00-8.50x Increase
Beta Bionics, Inc. Series C,   Recovery multiple 0.50x Increase
Beta Bionics, Inc. Series C Warrant   Strategic sale 20% probability weight Increase
Beta Bionics, Inc. Series D,   IPO 50% probability weight Increase
Beta Bionics, Inc. Series D Warrant   Downside 20% probability weight Decrease
    Dissolution 10% probability weight Decrease
BioSplice Therapeutics, Inc. Series B-1 Monte Carlo Liquidity discount 10% Decrease
    Terminal FCF Growth Rate -3% Increase
BioSplice Therapeutics, Inc. Series C Warrant Black-Scholes Option Pricing Risk free rate 3.584% Decrease
  Model Time to expiration 2.5 years Increase
    Volatility 69.97% weighted avg Increase
    Liquidity discount 39.40% Decrease
BioSplice Therapeutics, Inc. Series C PIK Market Comparable Companies Volatility 69.97% weighted average Increase
    Liquidity discount 39.40% Decrease
    Bond sector spread 1,386.23 bps weighted average Decrease
Casma Therapeutics, Inc. Series B1, Market Approach Pending financing $0.30 Increase
Casma Therapeutics, Inc. Series B2,        
Casma Therapeutics, Inc. Series C1,        
Casma Therapeutics, Inc. Series C2        
Flare Therapeutics, Inc. Series A, Market Approach Recent transaction price $1.20 Increase
Flare Therapeutics, Inc. Series A2,        
Flare Therapeutics, Inc. Series B        
Freenome Holdings, Inc. Series D Market Approach Pending financing $7.54 Increase
Goldfinch Biopharma, Inc. Series A, Residual Value Net assets $0 Increase
Goldfinch Biopharma, Inc. Series B,        
Goldfinch Biopharma, Inc. Series B2        
Kojin Therapeutics, Inc. Series A-1, Residual Value Net assets $19M Increase
Kojin Therapeutics, Inc. Series A-2        
Metagenomi Technologies, LLC Series B, Market Approach Recent transaction price $14.07 Increase
Metagenomi Technologies, LLC Series B-1        
Peloton Therapeutics, Inc. - CRV Net Present Value Discount rate 10% Decrease
    Probability of success 2.5%-75% Increase
    Milestone payments $50M-$1.1B Increase
    Time horizon 2025-2039 Decrease
Prometheus Laboratories, Inc. Market Approach Recent transaction price $0.69 Increase
Shoreline Biosciences Series B Option Pricing Model/Back solve Risk free rate 1.18% - 3.49% Decrease
    Time to expiration 5 years Increase
    Volatility 67.82% - 69.94% Increase
    Market Equity Adjustment -37.25% Decrease
Hope Global International 4% 01/07/2028 Market Approach Recent transaction price Par Increase
    Credit Quality High quality Rating Increase
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        Impact to Valuation from
Description Valuation Technique(s) Unobservable Input Input an increase in Input1
Vision Fund International 3.725% 02/24/2025, Market Approach Recent transaction price Par Increase
Vision Fund International 4.74% 05/16/2025,   Credit Quality High quality Rating Increase
Vision Fund International 5.903% 09/19/2025,        
Vision Fund International 5.26% 11/30/2025,        
Vision Fund International 3.15% 12/15/2025,        
Vision Fund International 3.223% 12/15/2026        

 

1.Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end.

 

The total change in unrealized appreciation or depreciation included in the Statements of Operations attributable to Level 3 investments still held at December 31, 2023 was $0, $0, $0, $123,788 and $(584,249) for the Eventide Balanced Fund, Eventide Dividend Opportunities Fund, Eventide Exponential Technologies Fund, Eventide Gilead Fund and Eventide Healthcare & Life Sciences Fund, respectively.

 

b) Accounting for Options – When the Funds write an option, an amount equal to the premium received by the Funds is recorded as a liability and is subsequently adjusted to the current fair value of the option written. Premiums received from writing options that expire unexercised are treated by the Funds on the expiration date as realized gains from investments. The difference between the premium and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is also treated as a realized gain, or, if the premium is less than the amount paid for the closing purchase transaction, as a realized loss. If a call option is exercised, the premium is added to the proceeds from the sale of the underlying security or currency in determining whether the Funds have realized gains or losses. If a put option is exercised, the premium reduces the cost basis of the securities purchased by the Funds.

 

The Advisor may use options strategies, such as puts and covered calls on individual securities, as well as options on securities indices, to generate income, to reduce portfolio volatility, or to reduce downside risk when the manager believes adverse market, political or other conditions are likely. The Advisor may also utilize a combination of puts and/or calls regarding the same security (sometimes referred to as “straddles,” “collars” or “spreads”) or utilize puts and calls on related securities. The Funds may purchase a call option on a stock (including securities of exchange traded funds (ETFs)) it may purchase at some point in the future. When the Funds purchase an option, the premium paid is recorded as an asset. Each day the option contract is valued in accordance with the procedures for security valuation discussed above. When an offsetting option is written (a closing transaction) or the option contract expires, the Funds realize a gain or loss and the asset representing such option contract is eliminated. When a put option is exercised, the Funds realize a gain or loss from the sale of the underlying security and the proceeds of the sale are decreased by the premiums originally paid. When a call option is exercised, the Funds purchase the underlying security and the cost basis of such purchase is increased by the premium originally paid.

 

c) Short Sales – The Funds may sell securities short. A short sale is a transaction in which the Funds sell securities they do not own in anticipation of a decline in the market price of the securities. To deliver the securities to the buyer, the Funds must arrange through a broker to borrow the securities and, in so doing, the Funds become obligated to replace the securities borrowed at their market price at the time of replacement, whatever that price may be. The Funds will make a profit or incur a loss as a result of a short sale depending on whether the price of the securities decrease or increase between the date of the short sale and the date on which the Funds purchased the securities to replace the borrowed securities that have been sold.

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d) Federal Income Tax – The Funds have qualified and intend to continue to qualify as regulated investment companies and to comply with the applicable provisions of the Internal Revenue Code of 1986, as amended, and to distribute substantially all of their taxable income to their shareholders. Therefore, no federal income or excise tax provisions are required.

 

As of and during the six months ended December 31, 2023, the Funds did not have a liability for any unrecognized tax expense. The Funds recognize interest and penalties, if any, related to unrecognized tax expense as income tax expense in the Statements of Operations. As of December 31, 2023, the Funds did not incur any interest or penalties. The Trust’s officers have analyzed the Funds’ tax positions and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken on returns filed for open tax years ended June 30, 2021, to June 30, 2023, or expected to be taken in the Funds’ June 30, 2024, year-end tax return.

 

e) Distributions to Shareholders – Distributions to shareholders, which are determined in accordance with income tax regulations and may differ from GAAP, are recorded on the ex-dividend date. Each Fund typically distributes substantially all of its net investment income in the form of dividends, interest and taxable capital gains to its shareholders. These distributions are automatically reinvested in the Fund unless you request cash distributions on your application or through a written request to the Fund. Each Fund expects that its distributions will consist of both capital gains, interest and dividend income. Each Fund may make distributions of its net realized capital gains (after any reductions for capital loss carry forwards) annually except for the Balanced Fund which is monthly. The Funds intend to make quarterly distributions if applicable.

 

f) Multiple Class Allocations – Income, non-class specific expenses and realized/unrealized gains or losses are allocated to each class based on relative net assets. Distribution fees are charged to each respective share class in accordance with the distribution plan. Expenses of the Trust that are directly identifiable to a specific fund are charged to that fund. Expenses, which are not readily identifiable to a specific fund, are allocated in such a manner as deemed equitable, taking into consideration the nature and type of expense and the relative sizes of the funds in the Trust.

 

g) Security Transactions and Investment Income – Investment and shareholder transactions are recorded on the trade date. The Funds determine the gain or loss realized from the investment transactions by comparing the specific identified cost of the security lot sold with the net sales proceeds. Dividend income is recognized on the ex-dividend date or as soon as information is available to the Funds and interest income is recognized on an accrual basis. Discounts and premiums on debt securities are amortized over their respective lives using the effective interest method, except certain callable debt securities that are held at premium and will be amortized to the earliest call date. Withholding taxes on foreign dividends have been provided for in accordance with the Funds’ understanding of the applicable country’s tax rules and rates. Distributions received from a Fund’s investments in MLPs generally are comprised of income and return of capital. The Funds record these distributions as investment income and subsequently adjusts these distributions within the components of net assets based upon their tax treatment when the information becomes available. Distribution from REITs are initially recorded as dividend income and, to the extent such represent a return of capital or capital gain for tax purposes, are reclassified when such information becomes available.

 

h) Use of Estimates – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of

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contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

i) Indemnification – The Trust indemnifies its officers and Trustees for certain liabilities that may arise from the performance of their duties to the Trust. In the normal course of business, the Trust may enter into contracts that contain a variety of representations and warranties and provide general indemnifications. The Funds’ maximum exposure under these arrangements is dependent on future claims that may be made against the Funds and, therefore, cannot be estimated; however, management considers the risk of loss from such claims to be remote.

 

j) Redemption Fees and Sales Charges (loads) – A $15 fee may be charged for redemptions made by wire. Redemptions of Eventide Exponential Technologies Fund within 180 days of purchase were subject to a redemption fee of 1.00% effective until June 26, 2023. A maximum sales charge of 5.75% is imposed on Class A shares of the Funds. The maximum deferred sales charge of 1.00% on Class A shares applies only to purchases of $1 million or more made without an initial sales charge and applies to shares sold within 18 months of purchase. The maximum deferred sales charge of 1.00% on Class C shares applies to shares sold within 12 months of purchase. The respective shareholders pay such CDSC charges, which are not an expense of the Funds. For the six months ended December 31, 2023, there were the following redemption fees paid to the Funds and CDSC fees paid to the distributor:

 

       CDSC Fees 
Fund  Redemption Fees   Class A   Class C 
Eventide Balanced Fund  $   $   $165 
Eventide Core Bond Fund           19 
Eventide Dividend Opportunities Fund           4,081 
Eventide Exponential Technologies Fund   4251        12 
Eventide Gilead Fund           817 
Eventide Healthcare & Life Sciences Fund           304 
Eventide Limited-Term Bond Fund           111 

 

1.Redemption fee received after effective date due to timing.

 

k) Cash and cash equivalents – Cash and cash equivalents are held with a financial institution. Cash and cash equivalents of the Funds may be placed in deposit accounts at U.S. banks and such deposits generally exceed Federal Deposit Insurance Corporation (FDIC) insurance limits. The FDIC insures deposit accounts up to $250,000 for each accountholder. The counterparty is generally a single bank rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Funds place deposits only with those counterparties which are believed to be creditworthy and there has been no history of loss.

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2. INVESTMENT TRANSACTIONS

 

For the six months ended December 31, 2023, aggregate purchases and proceeds from sales of investment securities (excluding short-term investments) for the Funds were as follows:

 

Fund  Purchases   Sales 
Eventide Balanced Fund  $72,244,507   $78,650,400 
Eventide Core Bond Fund   54,214,334    21,468,683 
Eventide Dividend Opportunities Fund   183,862,739    132,670,132 
Eventide Exponential Technologies Fund   40,493,626    37,395,969 
Eventide Gilead Fund   631,346,768    751,182,327 
Eventide Healthcare & Life Sciences Fund   688,609,944    709,461,744 
Eventide Large Cap Focus Fund   19,662,868    5,545,897 
Eventide Limited-Term Bond Fund   28,614,559    28,459,228 

 

3. INVESTMENT ADVISORY AGREEMENT AND TRANSACTIONS WITH RELATED PARTIES

 

Eventide Asset Management, LLC acts as investment manager to the Funds pursuant to the terms of an investment advisory agreement between the Advisor and the Trust (the “Advisory Agreement”). Boyd Watterson Asset Management, LLC serves as sub-adviser to the Eventide Limited-Term Bond Fund, the Eventide Core Bond Fund, and a portion of the Eventide Balanced Fund’s portfolio. Under the terms of the Advisory Agreement, the Advisor manages the investment operations of the Funds in accordance with the Funds’ investment policies and restrictions. The Advisor provides the Funds with investment advice and supervision and furnishes an investment program for the Funds. The fees paid by the Funds to the Advisor are described in greater detail below. Prior to March 2, 2020, Eventide Balanced Fund paid to the advisor, as of the last day of each month, an annualized fee equal to 0.73% of its average net assets. The Advisor pays expenses incurred by it in connection with acting as investment manager to the Funds other than costs (including taxes and brokerage commissions, borrowing costs, costs of investing in underlying funds and extraordinary expenses, if any) of securities purchased for the Funds and certain other expenses paid by the Funds (as detailed in the Advisory Agreement). The Advisor pays for all employees, office space and facilities required by it to provide services under the Advisory Agreement, with the exception of specific items of expense (as detailed in the Advisory Agreement). For the six months ended December 31, 2023, advisory fees of $995,429, $142,173, $2,200,874, $631,554, $17,613,759, $8,796,916, $73,537 and $202,386 were incurred by the Eventide Balanced Fund, Eventide Core Bond Fund, Eventide Dividend Opportunities Fund, Eventide Exponential Technologies Fund, Eventide Gilead Fund, Eventide Healthcare & Life Sciences Fund, Eventide Large Cap Focus Fund and Eventide Limited-Term Bond Fund, respectively, before the waivers and reimbursements described below.

 

Each Fund is authorized to pay the Advisor an annual fee based on its average daily net assets. The advisory fee is paid monthly. The Advisor has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to maintain each Fund’s total annual operating expenses (excluding front-end or contingent deferred loads, taxes, leverage interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expenses on securities sold short, underlying fund fees and expenses or extraordinary expenses such as litigation) at a certain level through October 31, 2024. This agreement may be terminated by the Board only on 60 days’ written notice to the Advisor and upon the termination of the Advisory Agreement between the Trust and the Advisor. Fee waivers and expense reimbursements are subject to possible recoupment by the Advisor from the Funds in future years on a rolling three-year basis (within the three years after the fees have been waived or reimbursed) if, after the recoupment is taken into account, such recoupment can be achieved

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within the lesser of the expense limitation in place at the time of waiver/reimbursement and the expense limitation in place at the time of recapture. Each waiver or reimbursement by the Advisor is subject to repayment by the Fund within the three years following the year in which that particular expense is incurred, if the Fund is able to make the repayment without exceeding the expense limitation in effect at that time and the repayment is approved by the Board.

 

The following table lists the contractual advisory fee and the expense limitation for each Fund.

 

Fund  Contractual Advisory Fee  Expense Limitation
Eventide Balanced Fund  0.60%  Class N:  1.02%
      Class A:  1.07%
      Class C:  1.82%
      Class I:  0.82%
          
Eventide Core Bond Fund  0.34% *  Class N:  0.78%
      Class A:  0.83%
      Class C:  1.58%
      Class I:  0.58%
          
Eventide Dividend Opportunities Fund  0.73%  Class N:  1.15%
      Class A:  1.20%
      Class C:  1.95%
      Class I:  0.95%
          
Eventide Exponential Technologies Fund  1.10%  Class N:  1.63%
      Class A:  1.68%
      Class C:  2.43%
      Class I:  1.43%
          
Eventide Gilead Fund  1.00% of the first $2 billion;  Class N:  1.62%
   0.95% on the next $1 billion;  Class A:  1.67%
   0.90% on the next $1 billion;  Class C:  2.42%
   and 0.85% thereafter  Class I:  1.42%
          
Eventide Healthcare & Life Sciences Fund  1.10%  Class N:  1.63%
      Class A:  1.68%
      Class C:  2.43%
      Class I:  1.43%
          
Eventide Large Cap Focus Fund  0.73%  Class N:  1.14%
      Class A:  1.19%
      Class C:  1.94%
      Class I:  0.94%
          
Eventide Limited-Term Bond Fund  0.31% *  Class N:  0.75%
      Class A:  0.80%
      Class C:  1.55%
      Class I:  0.55%

 

*Effective May 31, 2023, the contractual advisory fees of Eventide Core Bond Fund and Eventide Limited-Term Bond Fund were reduced from 0.36% to 0.34% and 0.33% to 0.31%, respectively.

 

For the six months ended December 31, 2023, the Manager waived no advisory fees from Eventide Gilead Fund and Eventide Healthcare & Life Sciences Fund and waived fees of $157,026, $72,967, $41,498, $29,311, $60,663 and $136,899 from the Eventide Balanced Fund, Eventide Core Bond Fund, Eventide Dividend Opportunities Fund, Exponential Technologies Fund, Eventide Large Cap Focus Fund and Eventide Limited-Term Bond Fund,

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respectively. As of December 31, 2023, the Advisor has waived/reimbursed expenses that may be recovered no later than June 30 of the years indicated below:

 

   2024   2025   2026 
Eventide Balanced Fund  $65,335   $   $276,044 
Eventide Core Bond Fund   99,512    201,020    164,775 
Eventide Dividend Opportunities Fund   64,772        391,061 
Eventide Exponential Technologies Fund   53,115        69,721 
Eventide Large Cap Focus Fund           107,732 
Eventide Limited-Term Bond Fund   133,760    165,476    243,710 

  

The Eventide Gilead Fund and Eventide Healthcare & Life Sciences Fund do not have any expenses previously waived by the Advisor that are subject to recapture and did not waive any further expenses during the six months ended December 31, 2023.

 

Pursuant to the Management Services Agreement between the Trust and MFund Services, LLC (MFund), MFund provides the Funds with management and legal administrative services (the “Management Services Agreement”). For these services, the Funds pay MFund an annual asset-based fee in accordance with the following schedule applied at the Fund family level (i.e., all the Funds in the Trust advised by the Advisor): 0.10% of net assets up to $50 million; 0.07% of net assets from $50 million to $100 million; 0.05% of net assets from $100 million to $250 million; 0.04% of net assets from $250 million to $500 million; 0.03% of net assets from $500 million to $1 billion; 0.02% of net assets from $1 billion to $5 billion; and 0.01% of assets from $5 billion and above. In addition, the Funds reimburse MFund for any reasonable out-of-pocket expenses incurred in the performance of its duties under the Management Services Agreement. The amounts due to MFund for the Management Services Agreement are listed in the Statements of Assets and Liabilities under “Payable to related parties” and the amounts accrued for the year are shown in the Statements of Operations under “Legal administration fees/Management service fees.”

 

Pursuant to the Compliance Services Agreement, MFund provides chief compliance officer services to the Funds. For these services, the Funds pay MFund $1,200 per month for the first fund in the fund family and $400 each additional fund; $400 for each adviser and sub-adviser; and .0025% of the assets of each Fund. In addition, the Funds reimburse MFund for any reasonable out-of-pocket expenses incurred in the performance of its duties under the Compliance Services Agreement.

 

The amounts due to MFund for chief compliance officer services are listed in the Statements of Assets and Liabilities under “Compliance officer fees payable” and the amounts accrued for the year are shown in the Statements of Operations under “Compliance officer fees.”

 

A trustee of the Trust is also the controlling member of MFund and the investment advisers to other series of the Trust and is not paid any fees directly by the Trust for serving in such capacities. Trustees who are not “interested persons” as that term is defined in the 1940 Act, are paid a quarterly retainer and receive compensation for each special Board meeting and Risk and Compliance Committee meeting attended. The fees paid to the Independent Trustees for their attendance at a meeting will be shared equally by the funds of the Trust in which the meeting relates. The Lead Independent Trustee of the Trust, the Chairman of the Trust’s Audit Committee and the Chairman of the Risk and Compliance Committee receive an additional quarterly retainer. The “interested persons” of the Trust receive no compensation from the Funds. The Trust reimburses each Trustee and Officer for his or her travel and other expenses related to attendance at such meetings.

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Ultimus Fund Solutions, LLC (“UFS”), an affiliate of the distributor, provides administrative, fund accounting, and transfer agency services to the Funds pursuant to agreements with the Trust, for which it receives from each Fund: (i) basis points in decreasing amounts as assets reach certain breakpoints; and (ii) any related out-of-pocket expenses.

 

Blu Giant, LLC (“Blu Giant”), an affiliate of UFS and the distributor, provides EDGAR conversion and filing services as well as print management services for the Funds on an ad-hoc basis. For the provision of these services, Blu Giant receives customary fees from the Funds.

 

The Trust’s officers are not paid any fees directly by the Trust for serving in such capacity except for the chief compliance officer.

 

The Trust has adopted a distribution plan pursuant to rule 12b-1 under the 1940 Act for each class of shares except Class I, that allows the Funds to pay distribution and shareholder servicing expenses of up to 0.25% per annum for the Class N shares, up to 0.50% per annum for the Class A shares and up to 1.00% for the Class C shares based on average daily net assets of each class. The Class N shares are currently paying 0.20% per annum of 12b-1 fees, Class A shares are currently paying 0.25% per annum of 12b-1 fees and Class C shares are currently paying 1.00% per annum of 12b-1 fees.

 

The 12b-1 fees may be used for a variety of purposes, including compensating dealers and other financial service organizations for eligible services provided by those parties to the Funds and their shareholders and to reimburse Northern Lights Distributors, LLC (the Distributor) and the Manager for distribution related expenses.

 

For the six months ended December 31, 2023, the Distributor received $12,980, $138, $21,319, $5,938, $59,632, $29,474, $982 and $1,286 in underwriter commissions from the sale of Class A shares of the Fund from the Eventide Balanced Fund, Eventide Core Bond Fund, Eventide Dividend Opportunities Fund, Eventide Exponential Technologies Fund, Eventide Gilead Fund, Eventide Healthcare & Life Sciences Fund, Eventide Large Cap Focus Fund and Eventide Limited-Term Bond Fund, respectively.

 

4. DISTRIBUTIONS TO SHAREHOLDERS AND TAX COMPONENTS OF CAPITAL

 

The following table represents aggregate cost for federal tax purposes, including options written, for the Funds as of December 31, 2023 and differs from market value by net unrealized appreciation/depreciation which consisted of:

 

               Total Unrealized 
       Gross Unrealized   Gross Unrealized   Appreciation 
Fund  Aggregate Cost   Appreciation   Depreciation   (Depreciation) 
Eventide Balanced Fund  $310,826,128   $43,747,249   $(15,353,072)  $28,394,177 
Eventide Core Bond Fund   114,731,116    1,573,168    (5,293,421)   (3,720,253)
Eventide Dividend Opportunities Fund   540,161,501    134,504,972    (10,510,770)   123,994,202 
Eventide Exponential Technologies Fund   94,864,569    35,994,244    (7,105,279)   28,888,965 
Eventide Gilead Fund   2,393,235,278    1,429,791,384    (137,142,306)   1,292,649,078 
Eventide Healthcare & Life Sciences Fund   1,470,658,639    371,474,296    (223,394,464)   148,079,832 
Eventide Large Cap Focus Fund   26,093,459    4,934,884    (177,913)   4,756,971 
Eventide Limited-Term Bond Fund   130,546,244    743,367    (3,742,688)   (2,999,321)
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The tax character of fund distributions for the years ended June 30, 2023 and June 30, 2022 was as follows:

 

   For the year ended June 30, 2023: 
   Ordinary   Long-Term   Return of     
Fund  Income   Capital Gains   Capital   Total 
Eventide Balanced Fund  $4,832,162   $3,689,551   $1,039,779   $9,561,492 
Eventide Core Bond Fund   1,536,982            1,536,982 
Eventide Dividend Opportunities Fund   3,346,718    3,513,286    1,113,976    7,973,980 
Eventide Exponential Technologies Fund                
Eventide Gilead Fund       172,246,986        172,246,986 
Eventide Healthcare & Life Sciences Fund                
Eventide Large Cap Focus Fund   4,107        5,791    9,898 
Eventide Limited-Term Bond Fund   2,675,469        42,422    2,717,891 
                     
   For the year ended June 30, 2022: 
   Ordinary   Long-Term   Return of     
Fund  Income   Capital Gains   Capital   Total 
Eventide Balanced Fund  $11,154,838   $13,561,075   $   $24,715,913 
Eventide Core Bond Fund   1,309,050        152,476    1,461,526 
Eventide Dividend Opportunities Fund   5,984,302    8,263,195        14,247,497 
Eventide Exponential Technologies Fund   1,906,725            1,906,725 
Eventide Gilead Fund       327,575,226        327,575,226 
Eventide Healthcare & Life Sciences Fund   34,043,234    158,591,589        192,634,823 
Eventide Limited-Term Bond Fund   1,300,163    50,373    1,089,637    2,440,173 

    

As of June 30, 2023, the components of accumulated earnings/(losses) on a tax basis were as follows:

 

   Undistributed   Undistributed   Post October Loss   Capital Loss   Other   Unrealized   Total 
   Ordinary   Long-Term   and   Carry   Book/Tax   Appreciation/   Accumulated 
Portfolio  Income   Capital Gains   Late Year Loss   Forwards   Differences   (Depreciation)   Earnings/(Losses) 
Eventide Balanced Fund  $   $   $(9,672,041)  $(3,743,606)  $   $9,342,828   $(4,072,819)
Eventide Core Bond Fund   22,168        (1,744,260)   (9,399,631)       (7,964,744)   (19,086,467)
Eventide Dividend Opportunities Fund           (38,343,750)   (5,332,097)       57,155,197    13,479,350 
Eventide Exponential Technologies Fund           (19,293,707)   (30,865,266)       16,442,549    (33,716,424)
Eventide Gilead Fund           (47,736,460)   (10,943,785)       1,159,520,215    1,100,839,970 
Eventide Healthcare & Life Sciences Fund           (8,463,362)   (54,846,012)       224,870,595    161,561,221 
Eventide Large Cap Focus Fund           (267,344)   (8,133)       1,650,799    1,375,322 
Eventide Limited-Term Bond Fund           (4,094,436)   (3,449,767)       (6,640,330)   (14,184,533)

 

The difference between book basis and tax basis undistributed net investment income/(loss), accumulated net realized gain/(loss), and unrealized appreciation/(depreciation) from investments is primarily attributable to the tax deferral of losses on wash sales, and adjustments for partnerships, real estate investment trusts, C-Corporation return of capital.

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Late year losses incurred after December 31 within the fiscal year are deemed to arise on the first business day of the following fiscal year for tax purposes. The Funds incurred and elected to defer such late year losses as follows:

 

   Late Year 
Fund  Losses 
Eventide Exponential Technologies Fund  $502,291 
Eventide Gilead Fund   12,330,410 
Eventide Healthcare & Life Sciences Fund   8,463,362 
Eventide Large Cap Focus Fund   13 

  

Capital losses incurred after October 31 within the fiscal year are deemed to arise on the first business day of the following fiscal year for tax purposes. The Funds incurred and elected to defer such capital losses as follows:

 

Portfolio  Losses 
Eventide Balanced Fund  $9,672,041 
Eventide Core Bond Fund   1,744,260 
Eventide Dividend Opportunities Fund   38,343,750 
Eventide Exponential Technologies Fund   18,791,416 
Eventide Gilead Fund   35,406,050 
Eventide Large Cap Focus Fund   267,331 
Eventide Limited-Term Bond Fund   4,094,436 

  

At June 30, 2023, the Funds had capital loss carry forwards for federal income tax purposes available to offset future capital gains, as follows:

 

   Non-Expiring     
Portfolio  Short-Term   Long-Term   Total 
Eventide Balanced Fund  $2,115,758   $1,627,848   $3,743,606 
Eventide Core Bond Fund   3,391,429    6,008,202    9,399,631 
Eventide Dividend Opportunities Fund   4,101,249    1,230,848    5,332,097 
Eventide Exponential Technologies Fund   25,078,444    5,786,822    30,865,266 
Eventide Gilead Fund   10,943,785        10,943,785 
Eventide Healthcare & Life Sciences Fund   54,846,012        54,846,012 
Eventide Large Cap Focus Fund   8,133        8,133 
Eventide Limited-Term Bond Fund   1,143,655    2,306,112    3,449,767 

 

Permanent book and tax differences, primarily attributable to the book/tax basis treatment of net operating losses, distributions in excess, and adjustments for prior year tax returns, resulted in reclassifications for the Funds for the fiscal year ended June 30, 2023, as follows:

 

   Paid     
   In   Accumulated 
Portfolio  Capital   Earnings (Losses) 
Eventide Balanced Fund  $6,386   $(6,386)
Eventide Dividend Opportunities Fund   81,501    (81,501)
Eventide Exponential Technologies Fund   (1,415,338)   1,415,338 
Eventide Gilead Fund   (33,610,714)   33,610,714 
Eventide Healthcare & Life Sciences Fund   (8,826,002)   8,826,002 
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5) INVESTMENTS IN AFFILIATED COMPANIES

 

An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Companies which are affiliates of the Eventide Gilead Fund and Eventide Healthcare & Life Sciences Fund at December 31, 2023 are noted in the Funds’ Schedule of Investments. Transactions during the year with companies which are affiliates are as follows:

 

Eventide Gilead Fund
                           Net Increase/             
                       Dividends   Decrease in       Market Value at   Share Balance at 
   Market Value at   Share Balance at           Corporate   Credited to   Appreciation   Realized Gains   December 31,   December 31, 
Description  June 30, 2023   June 30, 2023   Purchases   Sales Proceeds   Actions   Income   (Depreciation)   (Losses)   2023   2023 
Beta Bionics, Inc. Series B  $10,046,265    139,527   $   $   $   $   $(6)  $   $10,046,259    1,881,322 
Beta Bionics, Inc. Series B2   3,613,527    48,872                    (2)       3,613,525    665,474 
Beta Bionics, Inc. Series C   4,993,786    71,900                    1        4,993,787    964,052 
Beta Bionics, Inc. Series D           6,000,002                (2,064,286)       3,935,716    714,286 
Beta Bionics, Inc. Series C  Warrants   1,274,958    17,975                    1        1,274,959    241,013 
Beta Bionics, Inc. Series D  Warrants                           2,020,000        2,020,000    500,000 
Mirum Pharma-ceuticals, Inc. PIPE           6,000,015                747,430        6,747,445    228,572 
Xometry, Inc. 1   62,908,624    2,970,190    39,912,116                88,237,482        191,058,222    5,320,474 
Zentalis Pharma-ceuticals, Inc. 1   81,161,129    2,877,034    31,299,055                (37,071,300)       75,388,884    4,976,164 
Total  $163,998,289    6,125,498   $83,211,188   $   $   $   $51,869,320   $   $299,078,797    15,491,357 

 

1.Not affiliated June 30, 2023.
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Eventide Healthcare & Life Sciences Fund
                           Net Increase/             
                       Dividends   Decrease in       Market Value at   Share Balance at 
   Market Value at   Share Balance at           Corporate   Credited to   Appreciation   Realized Gains   December 31,   December 31, 
Description  June 30, 2023   June 30, 2023   Purchases   Sales Proceeds   Actions   Income   (Depreciation)   (Losses)   2023   2023 
Aura Biosciences, Inc.  $36,253,660    2,935,519   $25,888,469   $   $   $   $(10,730,366)  $   $51,411,763    5,802,682 
Beta Bionics, Inc. Series B 1   5,023,096    69,763                    32        5,023,128    940,661 
Beta Bionics, Inc. Series B2 1   4,394,836    59,439                    (8)       4,394,828    809,361 
Beta Bionics, Inc. Series C 1   2,496,893    35,950                    1        2,496,894    482,026 
Beta Bionics, Inc. Series D           3,999,996                (1,376,189)       2,623,807    476,190 
Beta Bionics, Inc. Series C Warrant 1   637,443    8,987                    2        637,445    120,500 
Beta Bionics, Inc. Series D                           1,346,666        1,346,666    333,333 
Casma  Therapeutics, Inc. Series B1   2,185,000    5,000,000                    (690,000)       1,495,000    5,000,000 
Casma  Therapeutics, Inc. Series B2   2,185,000    5,000,000                    (690,000)       1,495,000    5,000,000 
Casma  Therapeutics, Inc. Series C1 1   795,520    1,820,413                    (251,217)       544,303    1,820,413 
Casma  Therapeutics, Inc. Series C2   532,709    1,219,013                    (168,224)       364,485    1,219,013 
Goldfinch  Biopharma, Inc.Series A       5,000,000                                5,000,000 
Goldfinch  Biopharma, Inc. Series B       8,474,576                                8,474,576 
Goldfinch  Biopharma, Inc. Series B2       4,237,288                                4,237,288 
Inozyme Pharma, Inc.           15,102,950                (1,556,844)       13,546,106    3,179,837 
Korro Bio, Inc. Series B1 2   10,118,775    3,831,418            (10,000,001)       (118,774)            
Korro Bio, Inc. Series B2 2   9,499,999    3,597,122            (9,999,999)       500,000             
Korro Bio, Inc. -Private  Investment 2                   29,999,999        (3,814,642)       26,185,357    546,325 
Lexeo Therapeutics  Series B 2   14,250,300    8,718,446            (14,999,999)       749,699             
Lexeo Therapeutics, Inc. 2                   22,499,994        4,949,999        27,449,993    2,045,454 
Lexeo  Therapeutics, Inc. - Private Investment 2                   14,999,999        (2,152,000)       12,847,999    957,377 
Marinus Pharma- ceuticals, Inc.   34,460,919    3,173,197    10,013,184                4,766,964        49,241,067    4,529,997 
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Eventide Healthcare & Life Sciences Fund (Continued)
                           Net Increase/             
                       Dividends   Decrease in       Market Value at   Share Balance at 
   Market Value at   Share Balance at           Corporate   Credited to   Appreciation   Realized Gains   December 31,   December 31, 
Description  June 30, 2023   June 30, 2023   Purchases   Sales Proceeds   Actions   Income   (Depreciation)   (Losses)   2023   2023 
Mirum Pharma-ceuticals, Inc. PIPE  $       $4,000,001   $   $   $   $498,286   $   $4,498,287    152,381 
Prometheus Laboratories, Inc.   667,148    1,017,770                    35,113        702,261    1,017,770 
Reneo Pharma-ceuticals, Inc.   11,480,000    1,750,000    3,422,079    (3,646,593)           2,520,000    (13,775,486)        
Zentalis Pharma-ceuticals, Inc. 2   112,840,001    4,000,000    47,498,996                (60,632,939)       99,706,058    6,581,258 
TOTAL  $247,821,299    59,948,901   $109,925,675   $(3,646,593)  $32,499,993   $   $(66,814,441)  $(13,775,486)  $306,010,447    58,726,442 
                                                   
Investments no longer affiliated as of December 31, 2023
 
                           Net Increase/             
                       Dividends   Decrease in       Market Value at   Share Balance at 
   Market Value at   Share Balance at           Corporate   Credited to   Appreciation   Realized Gains   December 31,   December 31, 
Description  June 30, 2023   June 30, 2023   Purchases   Sales Proceeds   Actions   Income   (Depreciation)   (Losses)   2023   2023 
Mirum Pharma-ceuticals, Inc.  $53,271,530    2,059,201   $12,130,680   $(43,165,596)  $   $   $(1,102,507)  $11,288,240   $32,422,347    1,098,318 
Total  $53,271,530    2,059,201   $12,130,680   $(43,165,596)  $   $   $(1,102,507)  $11,288,240   $32,422,347    1,098,318 
   $301,092,829    62,008,102   $122,056,355   $(46,812,189)  $32,499,993   $   $(67,916,948)  $(2,487,246)  $338,432,794    59,824,760 

 

1.Not affiliated June 30, 2023.

 

2.Conversion

 

6. INVESTMENT IN RESTRICTED SECURITIES

 

Restricted securities include securities that have not been registered under the Securities Act of 1933, as amended, and securities that are subject to restrictions on resale. Each Fund may invest in restricted securities that are consistent with the Fund’s investment objectives and investment strategies. A Fund will not invest in a restricted security if, immediately after and as a result of the investment in such security, more than 15% of the Fund’s net assets would be invested in illiquid securities. In some cases, the issuer of restricted securities has agreed to register such securities for resale, at the issuer’s expense either upon demand by the Funds or in connection with another registered offering of the securities. Investments in restricted securities are valued at fair value as determined in good faith in accordance with procedures adopted by the Board. It is possible that the estimated value may differ significantly from the amount that might ultimately be realized in the near term, and the difference could be material.

 

As of December 31, 2023, the Eventide Balanced Fund, Eventide Dividend Opportunities Fund, Eventide Exponential Technologies Fund, Eventide Gilead Fund and Eventide Healthcare & Life Sciences Fund were invested in the following restricted securities:

 

Eventide Balanced Fund 
  
Security  Initial Acquisition Date  Shares   Cost   Value   % of Net Assets 
Vision Fund International, 3.7250%, 2/24/25  2/25/22   3,800,000   $3,800,000   $3,800,000    1.1%
                        
Eventide Dividend Opportunities Fund 
  
Security  Initial Acquisition Date  Shares   Cost   Value   % of Net Assets 
Vision Fund International, 5.2600%, 11/30/25  12/1/23   3,250,000   $3,250,000   $3,250,000    0.5%
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Eventide Exponential Technologies Fund 
  
Security  Initial Acquisition Date  Shares   Cost   Value   % of Net Assets 
Vision Fund International, 5.2600%, 11/30/25  12/1/23   750,000   $750,000   $750,000    0.6%
                        
Eventide Gilead Fund 
  
Security  Initial Acquisition Date  Shares   Cost   Value   % of Net Assets 
Beta Bionics, Inc. Series B  8/31/18   1,881,322   $20,000,031   $10,046,259    0.3%
Beta Bionics, Inc. Series B2  6/27/19   665,474    7,400,000    3,613,525    0.1%
Beta Bionics, Inc. Series C  2/16/22   964,052    9,999,867    4,993,787    0.1%
Beta Bionics, Inc. Series D  8/29/23   714,286    6,000,002    3,935,716    0.1%
Beta Bionics, Inc. Series C Warrant  2/16/22   241,013        1,274,959    0.0%
Beta Bionics, Inc. Series D Warrant  8/29/23   500,000        2,020,000    0.1%
Hope Global International, 4.0000%, 01/07/28  12/28/2023   2,000,000        2,000,000    0.1%
Mirum Pharmaceuticals, Inc. PIPE  7/18/23   228,572    6,000,015    6,747,445    0.2%
Peloton Therapeutics, Inc. - CVR  2/14/19   3,982,940        3,365,186    0.1%
Vision Fund International, 3.1500%, 12/15/25  12/16/21   5,000,000    5,000,000    5,000,000    0.1%
Vision Fund International, 3.2230%, 12/15/26  12/16/21   5,000,000    5,000,000    5,000,000    0.1%
Vision Fund International, 4.7400%, 05/16/25  5/18/22   5,000,000    5,000,000    5,000,000    0.1%
Vision Fund International, 5.9030%, 09/19/25  9/21/22   5,000,000    5,000,000    5,000,000    0.1%
Vision Fund International, 5.2600%, 11/30/25  12/1/23   9,000,000    9,000,000    9,000,000    0.2%
                        
Eventide Healthcare & Life Sciences Fund 
  
Security  Initial Acquisition Date  Shares   Cost   Value   % of Net Assets 
Arch Oncology, Inc. Series C1  4/26/21   4,643,043   $5,952,381   $128,798    0.0%
Avalyn Pharma Inc. Series C1  9/25/23   20,482,289    15,000,000    15,000,000    0.9%
Beta Bionics, Inc. Series B  8/31/18   940,661    10,000,016    5,023,128    0.3%
Beta Bionics, Inc. Series B2  6/27/19   809,361    9,000,000    4,394,828    0.3%
Beta Bionics, Inc. Series C  2/16/22   482,026    4,999,933    2,496,894    0.1%
Beta Bionics, Inc. Series D  8/29/23   476,190    3,999,996    2,623,807    0.2%
Beta Bionics, Inc. Series C Warrant  2/16/22   120,500        637,445    0.0%
Beta Bionics, Inc. Series D Warrant  8/29/23   333,333        1,346,666    0.1%
BioSplice Therapeutics, Inc. Series B-1  3/5/21   295,276    15,000,021    1,470,474    0.1%
BioSplice Therapeutics, Inc. Series C PIK, 10.5000%, 03/12/25  5/2/23   2,500,000    2,500,000    2,818,000    0.2%
BioSplice Therapeutics, Inc. Series C Warrant  5/2/23   72,880        71,422    0.0%
Bridgebio Pharma, Inc. PIPE  9/28/23   137,513    3,749,979    5,551,400    0.3%
Casma Therapeutics, Inc. Series B1  8/26/20   5,000,000    3,750,000    1,495,000    0.1%
Casma Therapeutics, Inc. Series B2  6/7/21   5,000,000    3,750,000    1,495,000    0.1%
Casma Therapeutics, Inc. Series C1  7/6/22   1,820,413    837,390    544,303    0.0%
Casma Therapeutics, Inc. Series C2  1/31/23   1,219,013    560,746    364,485    0.0%
Flare Therapeutics, Inc. Series A  4/22/21   1,097,561    1,097,561    1,320,366    0.1%
Flare Therapeutics, Inc. Series A2  5/31/22   902,439    902,439    1,085,634    0.1%
Flare Therapeutics, Inc. Series B  2/1/23   1,952,962    2,349,999    2,349,413    0.1%
Freenome Holdings, Inc. Series D  11/22/21   928,098    6,999,994    6,999,994    0.4%
Goldfinch Biopharma, Inc. Series A  3/15/19   5,000,000   $5,000,000   $    0.0%
Goldfinch Biopharma, Inc. Series B  6/29/20   8,474,576    10,000,000        0.0%
Goldfinch Biopharma, Inc. Series B2  3/21/22   4,237,288    5,000,000        0.0%
Kojin Therapeutics, Inc. Series A-1  6/2/21   763,319    1,499,998    467,228    0.0%
Kojin Therapeutics, Inc. Series A-2  1/28/22   763,319    1,499,998    467,228    0.0%
Korro Bio, Inc.  11/27/23   546,325    29,999,999    26,185,357    1.6%
Lexeo Therapeutics, Inc.  11/27/23   957,377    14,999,999    12,847,999    0.8%
Metagenomi Technologies, LLC Series B  1/21/22   686,724    7,999,998    9,660,833    0.6%
Metagenomi Technologies, LLC Series B-1  12/20/22   98,875    1,390,944    1,390,974    0.1%
Mirum Pharmaceuticals, Inc. PIPE  7/18/23   152,381    4,000,001    4,498,287    0.3%
Peloton Therapeutics, Inc. - CVR  2/14/19   1,528,871        1,291,743    0.1%
Prometheus Laboratories, Inc.  12/31/20   1,017,770    702,262    702,261    0.0%
Shoreline Biosciences Series B  10/28/21   1,489,958    15,000,003    10,295,610    0.6%
Turnstone Biologics Inc. Series D  6/29/21   458,317    9,999,999    1,166,417    0.1%
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7. SECTOR EXPOSURE RISK

 

The Eventide Exponential Technologies Fund invests primarily in equity and equity-related securities of companies that 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, e-commerce discretionary, internet media and services, healthcare technology, healthcare devices, or transaction and payment processing services industries. Because of its focus on technology companies, the Eventide Exponential Technologies Fund’s investment performance will be closely tied to many factors which affect those companies. As a result, the Eventide Exponential Technologies Fund’s net asset value is more likely to have greater fluctuations than that of a fund which invests in other industries.

 

The Eventide Healthcare & Life Sciences Fund invests primarily in equity and equity-related securities of companies in the healthcare and life sciences sectors that derive or are expected to derive 50% or more of their revenue from healthcare and life science products and services including, but not limited to, biotechnology, pharmaceuticals, diagnostics, life science tools, medical devices, healthcare information technology, healthcare services, synthetic biology, agricultural and environmental management, and pharmaceutical manufacturing products and services. Because of its focus on healthcare and life science companies, the Eventide Healthcare & Life Sciences Fund’s investment performance will be closely tied to many factors which affect those companies. As a result, the Eventide Healthcare & Life Sciences Fund’s net asset value is more likely to have greater fluctuations than that of a fund which invests in other industries.

 

8. OPTIONS RISK

 

There are risks associated with the sale and purchase of call and put options. The seller (writer) of a call option which is covered (e.g., the writer holds the underlying security) assumes the risk of a decline in the market price of an underlying security below the purchase price of an underlying security less the premium received, and gives up the opportunity for gain on the underlying security above the exercise price of the option. The seller of an uncovered call option assumes the risk of a theoretical unlimited increase in the market price of an underlying security above the exercise price of the option. The securities necessary to satisfy the exercise of the call option may be unavailable for purchase except at much higher prices. Purchasing securities to satisfy the exercise of the call option can itself cause the price of securities to rise further, sometimes by a significant amount, thereby exacerbating the loss. The buyer of a call option assumes the risk of losing its entire premium invested in the call option. The seller (writer) of a put option which is covered (e.g., the writer has a short position in the underlying security) assumes the risk of an increase in the market price of the underlying security above the sales price (in establishing the short position) of the underlying security plus the premium received, and gives up the opportunity for gain on the underlying security below the exercise price of the option. The seller of an uncovered put option assumes the risk of a decline in the market price of the underlying security below the exercise price of the option. The buyer of a put option assumes the risk of losing his entire premium invested in the put option.

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9. MARKET RISK

 

Overall market risks may also affect the value of the Funds. The market values of securities or other investments owned by the Funds will go up or down, sometimes rapidly or unpredictably. Factors such as economic growth and market conditions, interest rate levels, exchange rates and political events affect the securities markets. Changes in market conditions and interest rates generally do not have the same impact on all types of securities and instruments. Unexpected local, regional or global events and their aftermath, such as war; acts of terrorism; financial, political or social disruptions; natural, environmental or man-made disasters; climate-change and climate-related events; the spread of infectious illnesses or other public health issues; recessions and depressions; or other tragedies, catastrophes and events could have a significant impact on the Funds and their investments and could result in increased premiums or discounts to a Fund’s net asset value, and may impair market liquidity, thereby increasing liquidity risk. Such events can cause investor fear and panic, which can adversely affect the economies of many companies, sectors, nations, regions and the market in general, in ways that cannot necessarily be foreseen. The Funds could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns. During a general market downturn, multiple asset classes may be negatively affected. In times of severe market disruptions you could lose your entire investment.

 

10. LINE OF CREDIT

 

Effective January 25, 2023, the Eventide Funds have a $150,000,000 uncommitted line of credit provided by U.S. Bank National Association (the Bank) under an agreement (the Uncommitted Line), that is set to expire on January 24, 2024. Borrowings under the Uncommitted Line bear an interest at Prime Rate minus 0% per month. Any advance under the Uncommitted Line is contemplated primarily for temporary or emergency purposes, including the meeting of redemption requests that otherwise might require the untimely disposition of securities. Interest on borrowings is payable on an annualized basis. The Uncommitted Line is not a “committed” line of credit, which is to say that the Bank is not obligated to lend money to the Funds. Accordingly, it is possible that Funds may wish to borrow money for a temporary or emergency purpose but may not be able to do so. During the six months ended December 31, 2023, none of the Eventide Funds accessed the line of credit.

 

11. BENEFICIAL OWNERSHIP

 

The beneficial ownership, either directly or indirectly, of more than 25% of the voting securities of a fund creates a presumption of control of the fund, under Section 2(a)9 of the 1940 Act. As of December 31, 2023, Charles Schwab & Co, Inc. Special Custody Account for the Exclusive Benefit of Customers held 37.80%, 28.64%, 37.92%, 47.57% and 33.52% of the Eventide Core Bond Fund, Eventide Dividend Opportunities Fund, Eventide Exponential Technologies Fund, Eventide Large Cap Focus Fund and Eventide Limited-Term Bond Fund, respectively. As of December 31, 2023, National Financial Services LLC held 26.34%, 44.57% and 32.80% of the Eventide Balanced Fund, Eventide Core Bond Fund and Eventide Large Cap Focus Fund, respectively.

 

12. RECENT REGULATORY UPDATES

 

On January 24, 2023, the SEC adopted rule and form amendments to require mutual funds and ETFs to transmit concise and visually engaging streamlined annual and semiannual reports to shareholders that highlight key information. Other information, including financial statements, will not appear in a streamlined shareholder report but must be available online, delivered free of charge upon request, and filed on a semiannual basis on Form N-CSR. The rule and form amendments have a compliance date of July 24, 2024. At this time, management is evaluating the impact of these amendments on the shareholder reports for the Funds. 

 

13. SUBSEQUENT EVENTS

 

Subsequent events after the date of the Statements of Assets and Liabilities have been evaluated through the date the financial statements were issued. Management has determined that no events or transactions occurred requiring adjustment or disclosure in the financial statements.

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Eventide Funds  
Expense Examples (Unaudited) December 31, 2023

 

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchases of Class A shares; and (2) ongoing costs, including management fees, distribution and/or service (12b-1) fees, and other Fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

 

The example for each Fund is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from July 1, 2023 through December 31, 2023.

 

Actual Expenses

 

The “Actual” columns in the table below provide information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

 

Hypothetical Example for Comparison Purposes

 

The “Hypothetical” columns in the table below provide information about hypothetical account values and hypothetical expenses based on the actual expense ratio of each Fund and an assumed rate of return of 5% per year before expenses, which is not the Funds’ actual returns. The hypothetical account values and expenses may not be used to estimate the actual ending account balances or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

 

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), or redemption fees. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

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               Hypothetical
         Actual  (5% return before expenses)
   Funds’  Beginning  Ending  Expenses  Ending  Expenses
   Annualized  Account Value  Account Value  Paid During  Account Value  Paid During
Fund  Expense Ratio  7/1/23  12/31/23  Period 1  12/31/23  Period
Eventide Balanced Fund – Class N  1.02%  $1,000.00  $1,066.50  $5.30  $1,020.01  $5.18
Eventide Balanced Fund – Class A  1.07%  1,000.00  1,066.90  5.56  1,019.76  5.43
Eventide Balanced Fund – Class C  1.82%  1,000.00  1,062.10  9.43  1,015.99  9.22
Eventide Balanced Fund – Class I  0.82%  1,000.00  1,067.60  4.26  1,021.01  4.17
Eventide Core Bond Fund - Class N  0.78%  1,000.00  1,030.00  3.98  1,021.22  3.96
Eventide Core Bond Fund – Class A  0.83%  1,000.00  1,030.70  4.24  1,020.96  4.22
Eventide Core Bond Fund – Class C  1.58%  1,000.00  1,026.10  8.05  1,017.19  8.01
Eventide Core Bond Fund – Class I  0.58%  1,000.00  1,031.00  2.96  1,022.22  2.95
Eventide Dividend Opportunities Fund - Class N  1.15%  1,000.00  1,102.40  6.08  1,019.36  5.84
Eventide Dividend Opportunities Fund – Class A  1.20%  1,000.00  1,102.20  6.34  1,019.10  6.09
Eventide Dividend Opportunities Fund – Class C  1.95%  1,000.00  1,098.30  10.29  1,015.33  9.88
Eventide Dividend Opportunities Fund – Class I  0.95%  1,000.00  1,103.50  5.02  1,020.36  4.82
Eventide Exponential Technologies Fund - Class N  1.63%  1,000.00  1,082.50  8.53  1,016.94  8.26
Eventide Exponential Technologies Fund – Class A  1.68%  1,000.00  1,082.50  8.79  1,016.69  8.52
Eventide Exponential Technologies Fund – Class C  2.43%  1,000.00  1,078.40  12.70  1,012.92  12.30
Eventide Exponential Technologies Fund – Class I  1.43%  1,000.00  1,083.60  7.49  1,017.95  7.25
Eventide Gilead Fund – Class N  1.36%  1,000.00  1,043.10  7.00  1,018.29  6.91
Eventide Gilead Fund – Class A  1.41%  1,000.00  1,042.80  7.25  1,018.04  7.17
Eventide Gilead Fund – Class C  2.16%  1,000.00  1,039.00  11.09  1,014.26  10.95
Eventide Gilead Fund – Class I  1.16%  1,000.00  1,044.20  5.97  1,019.29  5.90
Eventide Healthcare & Life Sciences Fund – Class N  1.52%  1,000.00  980.80  7.55  1,017.51  7.69
Eventide Healthcare & Life Sciences Fund – Class A  1.57%  1,000.00  980.90  7.81  1,017.26  7.95
Eventide Healthcare & Life Sciences Fund – Class C  2.32%  1,000.00  977.10  11.52  1,013.48  11.73
Eventide Healthcare & Life Sciences Fund – Class I  1.32%  1,000.00  981.70  6.56  1,018.51  6.68
Eventide Large Cap Focus Fund – Class N  1.14%  1,000.00  1,084.80  5.97  1,019.41  5.79
Eventide Large Cap Focus Fund – Class A  1.19%  1,000.00  1,084.90  6.24  1,019.15  6.04
Eventide Large Cap Focus Fund – Class C  1.94%  1,000.00  1,080.10  10.16  1,015.37  9.84
Eventide Large Cap Focus Fund – Class I  0.94%  1,000.00  1,086.50  4.93  1,020.41  4.77
Eventide Limited-Term Bond Fund – Class N  0.75%  1,000.00  1,037.70  3.84  1,021.37  3.81
Eventide Limited-Term Bond Fund – Class A  0.80%  1,000.00  1,038.30  4.10  1,021.11  4.06
Eventide Limited-Term Bond Fund – Class C  1.55%  1,000.00  1,033.60  7.92  1,017.34  7.86
Eventide Limited-Term Bond Fund – Class I  0.55%  1,000.00  1,038.70  2.82  1,022.37  2.80

 

1.Expenses are equal to the average account value over the period, multiplied by the Funds’ annualized expense ratio, multiplied by the number of days in the period (184) divided by the number of days in the fiscal year (366).
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Eventide Funds  
Additional Information (Unaudited) December 31, 2023

 

Reference is made to the Prospectus and the Statement of Additional Information for more detailed descriptions of the Advisory Agreement, Services Agreement and Distribution and/or Service (12b-1) Plan, tax aspects of each Fund and the calculation of the net asset value of shares of each Fund.

 

The Funds file a complete schedule of portfolio holdings with the Securities and Exchange Commission (the SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT, within sixty days after the end of the period. Form N-PORT reports are available at the SEC’s website at http://www.sec.gov. The information on Form N-PORT is available without charge, upon request, by calling 1-877-771-3836.

 

Information regarding how each Fund voted proxies relating to portfolio securities during the twelve month period ended June 30 as well as a description of the policies and procedures that each Fund uses to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1-877-771-3836; and on the SEC’s website at http://www.sec.gov.

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Privacy Notice
Mutual Fund Series Trust Revised Aug. 2021  1 of 2

 

FACTS WHAT DOES MUTUAL FUND SERIES TRUST DO WITH YOUR PERSONAL INFORMATION?

 

Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some, but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

 

What?

The types of personal information we collect and share depends on the product or service that you have with us. This information can include:

 

■         Social Security number and wire transfer instructions

 

         account transactions and transaction history

 

         investment experience and purchase history

 

When you are no longer our customer, we continue to share your information as described in this notice.

 

How? All financial companies need to share customers’ personal information to run their everyday business.  In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Mutual Fund Series Trust chooses to share; and whether you can limit this sharing.

 

Reasons we can share your personal
information:
Does Mutual Fund Series
Trust share information?
Can you limit this sharing?
     
For our everyday business purposes - such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus. YES NO
     
For our marketing purposes - to offer our products and services to you. NO We don’t share
     
For joint marketing with other financial companies. NO We don’t share
     
For our affiliates’ everyday business purposes - information about your transactions and records. NO We don’t share
     
For our affiliates’ everyday business purposes - information about your credit worthiness. NO We don’t share
     
For our affiliates to market to you. NO We don’t share
     
For non-affiliates to market to you. NO We don’t share
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Privacy Notice
Mutual Fund Series Trust Revised August 2021  2 of 2

 

What we do:

How does Mutual Fund Series Trust protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

 

Our service providers are held accountable for adhering to strict policies and procedures to prevent any misuse of your nonpublic personal information.

How does Mutual Fund Series Trust collect my personal information?

We collect your personal information, for example, when you:

■     open an account or deposit money

 

■     direct us to buy securities or direct us to sell your securities

 

■     seek advice about your investments

 

We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can’t I limit all sharing?

Federal law gives you the right to limit only:

■     sharing for affiliates’ everyday business purposes – information about your creditworthiness.

 

■     affiliates from using your information to market to you.

 

■     sharing for non-affiliates to market to you.

 

State laws and individual companies may give you additional rights to limit sharing.

 

Definitions
Affiliates

Companies related by common ownership or control. They can be financial and non-financial companies.

 

■     Mutual Fund Series Trust does not share with affiliates.

   
Non-affiliates

Companies not related by common ownership or control. They can be financial and non-financial companies.

 

■     Mutual Fund Series Trust doesn’t share with nonaffiliates so they can market to you.

   
Joint marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

 

■     Mutual Fund Series Trust doesn’t jointly market.

 

QUESTIONS? Call 1-877-771-3836
   
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MUTUAL FUND SERIES TRUST
4221 North 203rd Street, Suite 100
Elkhorn, NE 68022
 
ADVISOR
Eventide Asset Management, LLC
One International Place
Suite 4210
Boston, MA 02110
 
ADMINISTRATOR
Ultimus Fund Solutions, LLC
225 Pictoria Drive, Suite 450
Cincinnati, OH 45246
 
TRANSFER AGENT
Ultimus Fund Solutions, LLC
225 Pictoria Drive, Suite 450
Cincinnati, OH 45246
 
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Cohen & Company, Ltd.
1835 Market Street
Suite 310
Philadelphia, PA 19103
 
LEGAL COUNSEL
Thompson Hine LLP
41 South High Street
Suite 1700
Columbus, OH 43215
 
CUSTODIAN BANK
U.S. Bank
1555 N. Rivercenter Drive.
Suite 302
Milwaukee, WI 53212
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ETF-SAR23
E V E N T I D E   133
 

(b)        Not applicable

 

Item 2. Code of Ethics.

 

Not applicable for semi-annual reports.

 

Item 3. Audit Committee Financial Expert.

 

Not applicable for semi-annual reports.

 

Item 4. Principal Accountant Fees and Services.

 

Not applicable for semi-annual reports.

 

Item 5. Audit Committee of Listed Companies. Not applicable to open-end investment companies.

 

Item 6. Schedule of Investments. See Item 1.

 

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Funds. Not applicable to open-end investment companies.

 

 

 

Item 8. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. Not applicable to open-end investment companies.

 

Item 9. Submission of Matters to a Vote of Security Holder. None.

 

Item 10. Submission of Matters to a Vote of Security Holder. None.

 

Item 11. Controls and Procedures.

 

(a)The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the 1940 Act, are effective, as of a date within 90 days of the filing date of this report, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 15d-15(b) under the Securities Exchange Act of 1934, as amended.

 

(b)There were no significant changes in the Registrant’s internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

 

Item 12. Disclosure of Securities Lending Activities For Closed-End Management Investment Companies. Not applicable to open-end investment companies.

 

Item 13. Exhibits

  

Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are filed herewith.

 

Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 are filed herewith.

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Mutual Fund Series Trust

 

By Michael Schoonover         /s/ Michael Schoonover
President,  
Date:  3/5/2024  

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following person on behalf of the registrant and in the capacities and on the date indicated.

 

By Michael Schoonover        /s/ Michael Schoonover
President
Date: 3/5/2024  

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following person on behalf of the registrant and in the capacities and on the date indicated.

 

 

By Erik Naviloff  /s/ Erik Naviloff
Treasurer
Date: 3/5/2024