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Eventide Gilead Fund and Eventide Healthcare & Life Sciences Fund Named WSJ Category Kings

BOSTON, MA -- (Marketwired) -- 04/22/14 -- The Eventide Gilead Fund (NASDAQ: ETGLX) and the Eventide Healthcare & Life Sciences Fund (NASDAQ: ETAHX) were both named "Category Kings" by the Wall Street Journal for the one-year period ending March 31, 2014. The award recognizes the top 10 funds in each category for total return for the one-year period. The Eventide Gilead Fund ranked #2 in Mid-Cap Growth out of 375 funds and the Eventide Healthcare & Life Sciences Fund ranked #6 in Health & Biotech out of 86 funds.

Both Funds are managed by Eventide Asset Management, LLC, a Boston-based registered investment advisor practicing values-based investing. Eventide CEO Robin John commented on the awards, "Eventide strives to invest in companies that not only excel at creating shareholder value -- as the awards highlight -- but also stakeholder value: for customers, employees, and society. We believe that by targeting companies focusing on broad stakeholder value creation, we have been able to generate this outperformance over the past year and since inception."

Over the period, the Eventide Gilead Fund generated a total return of +44.36% compared to the Russell Mid-Cap Growth index return of +24.22% and the S&P 500 return of +21.86%, and outperformance of each by +20.14% and +22.5%, respectively; the Eventide Healthcare & Life Sciences Fund generated a total return of +49.11% compared to the Healthcare Blended Index of +32.44% and the S&P 500 return of +21.86%, an outperformance of each by +16.67% and +27.25%, respectively.

The following tables show the Funds' performance since inception:

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                                      3 year      5 year    Since inception
 As of 3/31/2014    YTD    1 year   annualized  annualized    (07/08/2008)
                  return   return     return      return   annualized return
----------------------------------------------------------------------------
Eventide Gilead
Fund                6.59%   44.36%      21.48%      26.61%            18.24%
----------------------------------------------------------------------------
Russell Mid-Cap
Growth Total        2.04%   24.22%      13.52%      24.73%            10.79%
Return Index
----------------------------------------------------------------------------
S&P 500 Total
Return Index        1.81%   21.86%      14.66%      21.16%             9.35%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                           Since inception
     As of 3/31/2014        YTD return    1 year return     (12/27/2012)
                                                          annualized return
----------------------------------------------------------------------------
Eventide Healthcare &
Life Sciences Fund                 8.87%         49.11%               57.25%
----------------------------------------------------------------------------
Healthcare Blended Index           0.53%         32.44%               40.04%
----------------------------------------------------------------------------
S&P 500 Total Return
Index                              1.81%         21.86%               27.37%
----------------------------------------------------------------------------

Three-year and inception returns are annualized. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. Please review the funds' prospectus for more information regarding the funds' fees and expenses. Eventide Gilead Fund performance shown is for No-load Class shares and the Eventide Healthcare & Life Sciences Fund performance shown is for A Class shares (please see a prospectus for information about other share classes). For performance information current to the most recent month-end, please call toll-free 877-771-EVEN (3836).

Eventide Gilead Fund expenses: Gross Expenses 1.75%; Net Expenses 1.64%. The advisor has agreed to maintain the Fund's total annual operating expenses (excluding certain fees and expenses) at 1.42% at least until October 31, 2014. Eventide Healthcare & Life Sciences Fund expenses: Gross Expenses 9.56%; Net Expenses 1.69%. The advisor has agreed to maintain the Fund's total annual operating expenses (excluding certain fees and expenses) at 1.43% at least until October 31, 2014.

As of March 31, 2014, the Eventide Gilead Fund had $630.2M in net assets and the Eventide Healthcare & Life Sciences Fund had $97.1M in net assets.

Wall Street Journal rankings are not intended to constitute investment advice. Rather, you should use the rankings for informational purposes only. The Eventide Gilead Fund ranked #9 out of 342 Mid-Cap Growth funds (Lipper data) for the 3-yr period based on total returns and #15 out of 288 Mid-Cap Growth funds (Lipper data) for the 5-yr period based on total returns.

The S&P 500 is an index created by Standard & Poor's Corp considered to represent the performance of the stock market generally. The Russell Midcap Growth Index measures the performance of the U.S. equity mid-cap growth segment. It includes mid-cap companies with higher price-to-book ratios and forecasted growth. The Healthcare Blended Index is composed of equal parts of the S&P 400 Healthcare Index and the S&P 600 Healthcare Index. These indexes are not investment products available for purchase.

Mutual Funds involve risk including the possible loss of principal. The Eventide Funds can invest in smaller-sized companies which may experience higher failure rates than larger companies and they normally have a lower trading volume than larger companies. The Funds' ethical values screening criteria could cause it to underperform similar funds that do not have such screening criteria. The funds can have risk associated with the biotechnology and pharmaceutical industry in which these companies may be heavily dependent on clinical trials with uncertain outcomes and decisions made by the U.S. Food and Drug Administration. The funds can have risk related to option investing. There are special risks associated with investments in foreign companies including exposure to currency fluctuations, less efficient trading markets, political instability and differing auditing and legal standards. The funds can have risk associated with a higher portfolio turnover, which could result in higher transactional costs. The recent growth rate in the stock market has helped to produce short-term returns that are not typical and may not continue in the future. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes.

An investor should consider the Funds' investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about Eventide Funds can be found in the Funds' prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus please call the fund, toll free at 877-771- EVEN (3836) or visit www.eventidefunds.com. Eventide Funds are distributed by Northern Lights Distributors, LLC, member FINRA, which is not affiliated with Eventide Asset Management, LLC.

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Fund Contact:
Jason Myhre
877-771-EVEN (3836)

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