Eventide International ETF (ESIM)

Overview

The Eventide International ETF is an actively managed exchange-traded fund designed to provide investors with significant exposure to international equity markets beyond the confines of the United States. Launched by Eventide Asset Management as the firm's inaugural dedicated ex-US fund, this ETF mainly targets large- and mid-cap companies across a wide spectrum of global markets. Its performance is benchmarked against the Bloomberg World ex US Large & Mid Cap Total Return Index, a float market-cap-weighted index that encompasses the top 85% of market capitalization in selected regions. This strategic selection process highlights Eventide’s commitment to identifying meaningful opportunities in international markets.

The fund implements Eventide's proprietary Business 360® methodology, which meticulously screens potential holdings. This evaluation process rigorously assesses companies based on over 50 ethical issues, ensuring that they not only exhibit commendable products and practices but also actively contribute to the well-being of stakeholders and human flourishing. The use of a faith-based filtering system creates a curated investable universe, followed by sophisticated quantitative risk modeling. This optimizes the portfolio by aligning it with essential benchmark factors such as beta, style, and sector exposure, while steadfastly maintaining an active investment strategy as opposed to simply passive indexing. Under the direction of portfolio managers Chris Grogan, CFA, and Tyler Frugia, the fund aims for long-term capital appreciation, particularly appealing to values-driven investors, especially in a market where faith-aligned international options are limited—only 22 such equity funds were available as of late 2024. The Eventide International ETF is a valuable expansion to the firm's systematic ETF lineup, seamlessly blending a staunch adherence to principles with efficient performance characteristics that mirror benchmarks.

Products and Services

• Eventide International ETF

  This actively managed ETF provides investors access to a diverse range of large- and mid-cap international equity markets outside the United States. Its systematic approach aims to balance rigorous ethical evaluation with performance reliability.

• Bloomberg World ex US Large & Mid Cap Total Return Index Benchmarking

  The ETF tracks the performance against this float market-cap-weighted index, ensuring alignment with the top 85% of market capitalizations in the target regions, giving investors a reliable measure for potential returns.

• Business 360® Methodology

  This proprietary screening process evaluates companies on over 50 ethical criteria, ensuring that investments are made in organizations that maintain positive practices and contribute to human flourishing, aligning with values-based investing principles.

• Quantitative Risk Modeling

  This sophisticated analytical approach optimizes portfolio alignment with critical benchmark factors such as beta, style, and sector exposure while maintaining an active strategy that is distinctly different from passive investing.

• Long-Term Capital Appreciation Focus

  The fund’s strategy emphasizes sustainable growth over time, catering specifically to investors looking for long-term value while adhering to faith-based investment principles.