For many people, the first question they ask about an investment is, “What are the returns?” But, behind all the sophistication of charts and facts and figures, investing is the act of owning companies. For this reason, the first and most basic question of investing should be, “What kind of companies will I own?” With this in mind, over the next ten weeks, we will feature ten different companies that many Eventide investors own. Check out the first company highlight in our Top 10* series here:
Company Name: SendGrid
Weight: 4.37% of Eventide Gilead portfolio (#1 of top 10 holdings)
Theme: Evolution to the Cloud
Email is the most important communication channel in the digital world. Account setups, order confirmations, password resets, shipping notifications, and many other important business-to-customer communications are sent by email. Yet, remarkably, 21% of these wanted emails never reach their intended recipients (ReturnPath’s 2015 Email Deliverability Benchmark Report). Email failure happens when inbox service providers, like Gmail and Outlook, mistake wanted emails for spam, and route the messages to junk/bulk folders or block them entirely. When businesses fail to communicate, customers lose trust and walk away, costing businesses an estimated tens of billions of dollars in lost revenue every year. SendGrid is a company that helps businesses ensure wanted emails get successfully delivered to their customers. With just a few lines of code, businesses can plug into SendGrid’s powerful email-sending technology platform and achieve industry-best email delivery rates of 94% and better. Because of their ease of use and superior email delivery, over 78,000 businesses like Uber, Airbnb, and eBay, trust SendGrid to deliver their important emails (more than 45 billion emails per month). SendGrid focuses on just one problem – email delivery – and their commitment to making email simply work better creates value for businesses and their customers. (SendGrid is based in Denver, CO.)
To read about all ten companies in this Top 10 series, check out the Eventide Gilead Portfolio Impact Highlights here:
*A "Top 10" series is a series of articles based on top 10 holdings of a fund by weight.
Holdings percentages are based on net assets as of December 31, 2018, selected based on portfolio weight. The opinions expressed herein are those of the fund’s investment team as of December 31, 2018, and subject to change. Reliance upon the views expressed herein is at the sole discretion of the reader. Holdings can change at any time and should not be considered investment advice. Historical holdings are provided for informational purposes to help explain Eventide's values-based investment process. Eventide uses its trademark (“Investing that makes the world rejoice®”) in a figurative manner to help explain its focus on serving investors by helping to improve the world.
Mutual funds involve risk including the possible loss of principal. Past performance does not guarantee future results. The fund can invest in smaller-sized companies which may experience higher failure rates than larger companies and normally have a lower trading volume than larger companies. The fund’s ethical values screening criteria could cause it to under perform similar funds that do not have such screening criteria. The fund 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. Companies in the technology industries have different risks including but not limited to products becoming obsolete, and entrance of competing products. Companies in the Industrials sector carry various risks including, but not limited to, risk related to debt loads and intense competition. The fund 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 fund can invest in private companies. Private investments include various risks including but not limited to lack of liquidity, capital commitment risk, and valuation risk. Private companies may not be financially profitable and have uncertain futures, subjecting them to additional risks.
An investor should consider a fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information can be found in the prospectus, which can be obtained at www.eventidefunds.com or by calling 1-877-771-EVEN (3836). Please read the prospectus carefully before investing. Eventide Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA, which is not affiliated with Eventide Asset Management, LLC.