You won’t find tobacco, alcohol or gambling companies in the Eventide Gilead Fund (ETGLX). That’s because faith—specifically, Christian principles as they apply to business—guides the fund’s stock selection. “We invest in companies that excel in creating positive social value,” says lead manager Finny Kuruvilla. The approach gets results: Since Eventide’s mid-2008 launch, it has earned 17.5% annualized, beating the typical midsize-company growth fund by an average of 8 percentage points per year.
At Eventide, earnings and other financial measures matter less than whether a company operates with integrity. That said, this fund isn’t dowdy. Kuruvilla and co-manager David Barksdale have owned shares in Tesla Motors, the electric-car maker, since 2011 (the stock, though weak lately, has climbed 276% over the past year). Kuruvilla, a doctor by training, likes biotech firms because their success isn’t strongly intertwined with the overall economy. The fund’s top holding at last report was Acadia Therapeutics, which has skyrocketed 348% over the past year.
Though Morningstar considers Eventide a midsize-company fund, it can invest in businesses of any size. At last report, half of its assets were invested in small-company stocks, 32% in midsize firms and 18% in large concerns. The fund’s no-load Class N shares are available at Fidelity and TD Ameritrade, among other brokers, with no transaction fee.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
-
Thanksgiving 2024: How Grocery Taxes Impact Your Holiday Food BudgetFood Prices Some families are navigating high food prices influencing what’s on the table this Thanksgiving.
-
9 Year-End Money Moves to Make NowBoost your retirement savings, lower your taxes and get the most out of your health insurance.
-
The 5 Best Actively Managed Fidelity Funds to Buy Nowmutual funds In a stock picker's market, it's sometimes best to leave the driving to the pros. These Fidelity funds provide investors solid active management at low costs.
-
The 12 Best Bear Market ETFs to Buy NowETFs Investors who are fearful about the more uncertainty in the new year can find plenty of protection among these bear market ETFs.
-
Don't Give Up on the Eurozonemutual funds As Europe’s economy (and stock markets) wobble, Janus Henderson European Focus Fund (HFETX) keeps its footing with a focus on large Europe-based multinationals.
-
Best Bond Funds to BuyInvesting for Income The best bond funds provide investors with income and stability – and are worthy additions to any well-balanced portfolio.
-
Vanguard Global ESG Select Stock Profits from ESG Leadersmutual funds Vanguard Global ESG Select Stock (VEIGX) favors firms with high standards for their businesses.
-
Kip ETF 20: What's In, What's Out and WhyKip ETF 20 The broad market has taken a major hit so far in 2022, sparking some tactical changes to Kiplinger's lineup of the best low-cost ETFs.
-
ETFs Are Now Mainstream. Here's Why They're So Appealing.Investing for Income ETFs offer investors broad diversification to their portfolios and at low costs to boot.
-
Do You Have Gun Stocks in Your Funds?ESG Investors looking to make changes amid gun violence can easily divest from gun stocks ... though it's trickier if they own them through funds.
