Eventide Company Highlights

Company Highlights

“Value creation is not a zero-sum game in business. A company can create value for investors by creating value for all of the people it impacts.”

DEAR

INVESTORS,

Investors are not often privy to the real-life impact of their investments; it’s not something that the charts and graphs on portfolio performance reports display. That’s why we created these highlights. We want you to see what businesses are doing outside of what’s reported on their financial statements. You may be surprised to learn that you own businesses that have a deep, positive influence on the lives of your neighbors and people across the globe:

• the morning commuter who can arrive to work on time due to improved traffic management;

• the single mother whose daily life is made a bit more manageable by online purchasing and quick, free shipping;

• the patient seeking treatment for disabling diseases such as Alzheimer’s disease, schizophrenia, or cerebral palsy;

• the employee who finds his work purposeful because of a great management team and is more productive as a result;

• the business owner whose cash-based business can access modern financial services for the first time; and

• all of the injury, illness, or other harm that is eliminated because companies creatively develop better procedures.

As we look at companies to invest in, we consider how the company will grow in the future—Will it grow by creating a product or service that will benefit society? Or, will its core business be harmful to people? Will it build a sustainable operating model that attracts motivated employees, loyal suppliers, and strong community support? Or, will it coerce and squeeze its various stakeholders, thinking that is the only way to grow the bottom line?

We aim to serve you, our clients, and partners, by investing in companies that excel financially. We also want to remind you of the big picture: you are playing an essential role in the world by investing in companies that excel in creating compelling value for the global common good.

ROBIN JOHN Chief Executive Officer, Founding Member

DOLORES BAMFORD, CFA Co-Chief Investment Officer Senior Portfolio Manager

“Investors should feel empowered by the outsized impact they have on our society’s ability to flourish. Without investors providing capital to fuel great companies, our lives would look entirely different.”

DEVELOP 04

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COMPANY IMPACT HIGHLIGHTS

Hubspot / Inbound sales and marketing platform

Xometry / AI-enabled marketplace for ondemand manufacturing

Global-e Online / Develops end-to-end crossborder platforms for eBusiness

Datadog / Cloud-based monitoring and analytics platform

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COMPANY IMPACT HIGHLIGHTS

Trane Technologies / HVAC systems for energy efficiency and reduced greenhouse emissions

Waste Connections / Waste collection, disposal, and recycling services in the U.S. and Canada

Old Dominion Freight Line / Inter-regional and multi-regional motor carrier

Roper Technologies / Provider of advanced water metering technologies, vertical software, and medical products

RESTORE 12

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COMPANY IMPACT HIGHLIGHTS

CrowdStrike / Enterprise cybersecurity platform to prevent endpoint attacks

Zentalis Pharmaceuticals / Biotechnology company focused on novel small molecule therapies

Flywire Corp / Global payments enablement software focusing on education and healthcare

D.R. Horton / Nationwide builder of affordable new homes

DEVELOP

To extend, grow, or create new ways to harness our resources and meet the demands of a growing and changing society.

“We look beyond a company’s popularity today and seek to understand how a company will meet the important needs of our growing and changing society over the next 3, 5, and 10 years. We believe this is where the most interesting and undiscovered opportunities lie.”

ANANT GOEL Portfolio Manager, Senior Research Analyst

2.

Company Impact Highlights Xometry

North Bethesda, MD

INDUSTRY 4.0

RAPID PROTOTYPING AND on-demand manufacturing are changing how physical objects, from tiny computer chip assemblies to giant machine parts, are designed, refined, and brought to market. But the fastest 3D printer or waterjet cutter is no match for slow supplier diligence or stalled price negotiations. The result is a $2 trillion-plus manufacturing market with massive inefficiencies. Xometry offers an AI-enabled marketplace for on-demand manufacturing, allowing buyers to source on-demand manufactured parts and assemblies efficiently and sellers of manufacturing services to grow their businesses. With Xometry’s website and software plug-ins, designers and engineers can get instant price and lead time quotes, while sellers can get quick order offers tailored to the services they can deliver. Xometry’s AI-driven systems analyze design files to improve pricing accuracy and identify potential issues before manufacturing begins. Xometry’s buyers vary from self-funded startups to Fortune 100 companies.

HubSpot Cambridge, MA

HUBSPOT PROVIDES A SUITE of cloud-based tools centered around the central insight that companies can reach potential customers by offering timely help rather than unwanted interruption. Through this inbound-marketing focus, Hubspot gives businesses tools and workflows to attract, engage and delight as they acquire and retain customers. Its customer relationship management (CRM) platform integrates with marketing, sales, service, and website projects to let Hubspot’s clients create customer-centered marketing with meaningful points of engagement and calls to action. Founded in 2004, Hubspot has more than 6,400 employees in 11 global offices. It has been named the #1 Best Place to Work by Glassdoor, the Best Company for Women by Comparably, and a Best Place to Work for Parents by Fortune.1

I like to see companies creating or enabling better methods of solving problems in a scalable way. And company culture drives a lot of that innovation.”

NICHOLAS LEIBOLD, CFA Research Analyst “

3.

Global-e Online London &

New York, NY

5G & DATA INFRASTRUCTURE

FOR RETAILERS , the rise of the mobile internet means that it’s never been easier for people around the world to find out about your products—but that doesn’t necessarily mean it’s possible for them to actually buy them. Local currencies, tax regimes, and delivery particularities make cross-border sales challenging for businesses, effectively cutting off otherwise interested customers. Global-e helps over a thousand brands and retailers across the U.S., Europe, and Asia bridge that gap to welcome cross-border customers to make selling globally as easy as selling locally. Global-e’s software platform helps retail partners meet customers where they are with local messaging, pricing, shipping options, and clear information about import taxes and returns. On the back end, Global-e gives its partners tools for AI-based fraud detection and offers pay-as-you-go options to expand into new markets without huge up-front costs.

4. Datadog

New York, NY

BUSINESS INTELLIGENCE, AI, AND IOT

NAVIGATING THE COMPLEXITY of cloud computing can be daunting for IT professionals and developers, much like the outdated fax machines that once hindered healthcare efficiency. Datadog stands out by offering a unified platform that addresses these challenges head-on, providing comprehensive observability and management tools for cloud environments.

Catering to thousands of businesses, Datadog enables seamless monitoring of application performance, log management, and cloud security, all through a single interface. This integration simplifies IT operations, allowing teams to identify and resolve issues, ensuring optimal system performance.

In response to the rapid shift towards cloud-based solutions, Datadog has embraced artificial intelligence (AI) to enhance its platform, moving from simple observability to proactive, automated problem-solving. This innovation keeps Datadog at the cutting edge, ready to meet the dynamic needs of cloud computing.

Adaptable and forward-thinking, Datadog has proven its resilience and commitment to innovation, much like the healthcare sector’s adaptation during the COVID-19 pandemic. Based in New York City, Datadog continues to be a key player in empowering businesses to efficiently manage their digital landscapes.

SUSTAIN

To preserve, keep, or protect resources so that they can continue to regenerate and provide for future generations.

“By executing their growth strategies, our companies are taking market share and cementing leadership positions in their industries–while also creating compelling value for society.”

ANDREW SINGER, CFA Portfolio Manager, Senior Research Analyst

Company Impact Highlights

Trane Technologies Dublin, Ireland

ENERGY EFFICIENCY

AROUND A QUARTER of global carbon emissions are connected to climate control—15% from the heating and cooling of buildings and 10% from food waste that could be prevented with refrigeration. Trane Technologies embraces both the responsibility and opportunity of these statistics. It is working to reduce 1 billion metric tons of carbon emissions from its customers’ footprint by 2030 while also pushing its entire industry to develop and adopt more efficient technologies. Trane’s flagship brands have deep roots in climate control, stemming from Jacob Trane’s innovations in heating systems in the late 1800s. Thermo King, a subsidiary of Trane, developed the first successful truck-based refrigeration system in the 1940s and today makes efficient refrigerators for cold chain shipments by road, rail, and sea. Trane’s climate control systems have been installed in the Statue of Liberty, and the English Channel Tunnel.

Waste Connections The Woodlands, TX 2.

ENVIRONMENTAL STEWARDSHIP

WHEN IT COMES to careers that serve public health, we might think of clinic nurses or scientists doing R&D. But perhaps we should think first of the people who collect and haul away our garbage, compost, and recycling. The reliable, safe, and sustainable removal of waste is critical for communities to flourish. Unfortunately, waste removal can be a dangerous and difficult job. Waste Connections is helping make waste management safer, more sustainable, and more accessible to secondary markets across North America. By providing reliable solid waste collection, transfer, recycling, and disposal services, they are underpinning the health and safety of local communities. They are also supporting the health and safety of their own team members with excellent training and strict safety standards and working to ensure that landfills are operated in an environmentally sound manner. Most notably, their “servant leadership” philosophy has resulted in some of the lowest turnover and safety incident rates in the industry. We believe this care for employees such care for their employees has helped make Waste Connections one of North America’s leaders in waste management services.

Old Dominion Freight Line Thomasville, NC 3.

TRUCKERS ARE OFTEN away from home for weeks at a time. Unless, that is, they work for Old Dominion Freight Lines.

Old Dominion Freight Lines is one of the largest North American less-thantruckload (LTL) motor carriers, making over 50,000 shipments per day, with an average length of shipment over 900 miles. The company’s motto is “Helping the World Keep Promises,” which they do in part through an ontime delivery rate of over 99%. This high delivery rate is undergirded by one of the youngest truck fleets in the industry, boasting modern safety features, higher fuel efficiency and lower emissions, and it has helped the company win multiple SmartWay Excellence Awards from the U.S. Environmental Protection Association.

Old Dominion provides great transportation jobs with 95% of their drivers at home every night. They also offer their employees a “Dock to Driver” training program, higher wages, safe driving bonuses and has been named a top company for women working in transportation.

4. Roper Technologies Lakewood Ranch, FL

CLEAN WATER TECHNOLOGY

INDUSTRIAL COMPANIES ARE changing the way they do business to keep up with technological demand. This evolution can be seen in several industries that have relied on traditional methods of conducting business. Take, for example, highway toll stations. Highway toll stations that require drivers to stop, search for loose change, and hand money to an operator are rapidly being replaced with overhead electronic scanners that, in an instant, can read a transponder on the car’s windshield or take a picture of its license plate. The driver is then sent a bill in the mail or has the toll deducted from their online bank account. A number of similar examples could be cited—automatic water meter reading technology, employee badge readers, and measurement systems used in medical and industrial applications. Roper sits at this intersection between industry and technology, operating over 40 businesses that develop software and engineer products for a variety of niche end markets like those mentioned above. Key to Roper’s success has been their consistent operational strategy, which starts with finding companies that are the right fit, providing them with the tools they need to succeed, and implementing a “CEO-coaching/ mentorship” program that ensures quality and sustainability.

RESTORE

To make right, fix, or heal what is wrong or broken.

“It’s a privilege to witness capital addressing unmet needs in healthcare, benefiting both profits and society. As investors, we can adopt this approach across all market sectors, partnering with top solution providers within their respective industries.”

CHRIS GROGAN, CFA Director of Investment Consulting, Portfolio Manager

Company Impact Highlights

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2.

Zentalis Pharmaceuticals

New York, NY

PRECISION ONCOLOGY

CrowdStrike

Austin, TX

CYBERSECURITY

CROWDSTRIKE STANDS OUT in the cybersecurity landscape with its cutting-edge, cloud-delivered protection for endpoints, cloud workloads, identity, and data. This innovative approach, underpinned by a software-as-a-service (SaaS) model, has garnered thousands of subscribers worldwide, reflecting its global impact and the trust it commands across various industries.

With a strategic focus on leveraging big data analytics to continuously enhance its cybersecurity services, CrowdStrike offers highly effective security solutions. This capability strengthens its service quality and facilitates effective cross-selling and up-selling opportunities within its vast customer base.

Operating on a global scale, CrowdStrike generates a significant portion of its revenue from outside the U.S., showcasing its international appeal and the universal relevance of its cybersecurity solutions. This global presence is a testament to CrowdStrike’s effectiveness in addressing modern cyber threats with innovative and adaptive solutions.

As a leader in cybersecurity, CrowdStrike is dedicated to pioneering secure, cloud-based technologies to protect its clients in an increasingly digital world, making it a pivotal player in the fight against cyber threats.

GENETICIST PAUL M. NURSE shared the 2001 Nobel Prize in Physiology or Medicine for discovering key regulators in the process of cell division. One such regulator–a protein kinase he named WEE1, derived from the Scottish dialect word “wee”–influences the size of daughter cells by delaying division until the right time. Today, WEE1 is one of the main focuses of Zentalis Pharmaceuticals’ pipelines to deliver innovative small-molecule cancer-fighting medicines. Its drug Azenosertib is a potentially firstin-class and best-in-class treatment that inhibits WEE1 in cancer development, causing cancer cells to divide too early, resulting in the death of their daughter cells. Azenosertib is currently in multiple clinical trials for treating ovarian, uterine, and other cancers.

Flywire Corp

Boston, MA 3.

FINANCIAL SECURITY & ACCESS

SOME OF THE most complex, highstakes, high-value payments we make are for education and healthcare. A completed degree or a necessary surgery can be life-changing, but large lump-sum bills for tuition or a hospital stay can be difficult to manage for both sides of the payment equation—stressful for the ones receiving the bill and time-consuming for the institution’s employees. Flywire’s global payments enablement software provides real solutions to the affordability challenges that continue to plague the healthcare and education sectors by providing clear billing, easy-to-enroll payment options, and secure transactions from over 240 countries and territories in more than 140 currencies. In healthcare, Flywire’s systems can enable patients to see what they will owe out-of-pocket even before they step into a hospital room and then set up a payment plan that is based on their budget and capacity to pay. Founded in 2009, Flywire is based in Boston and has more than a dozen offices globally. The company has been named a great place to work by Fortune magazine, the Boston Globe, and Inc.com.2

Arlington, TX

D.R. HORTON, BASED in Arlington, Texas, has risen to become America’s premier homebuilder, strategically positioned across major economic hubs. The company’s notable expansion reflects a deep commitment to enhancing homeownership accessibility, particularly in pivotal markets such as Dallas-Fort Worth, Houston, Atlanta, Phoenix, and Austin. This strategic focus on affordability caters to the escalating demand for quality, budget-friendly homes, thus making the American dream of homeownership a reality for a broader demographic.

In the face of a deepening affordability crisis, D.R. Horton’s initiatives to provide homes within accessible price ranges are not just about building houses; they’re about crafting communities and contributing meaningfully to solving housing affordability challenges. By prioritizing affordability and positioning itself in some of the nation’s most in-demand yet unaffordable markets, D.R. Horton leverages its unique strengths to address a critical societal issue. Amid the complexities of the housing market, D.R. Horton’s steadfast dedication to making homes more attainable underscores its pivotal role in promoting sustainable homeownership solutions across America, aligning with the needs and aspirations of countless individuals and families.

HOME OWNERSHIP, IMPROVEMENT, & HOUSING D.R. Horton

“Companies play a big part in shaping our lives and the lives of our neighbors. It’s wise for investors to keep this in mind as they consider the types of businesses they want to own.”

FINNY KURUVILLA, MD, PHD Co-Chief Investment Officer, Senior Portfolio Manager, Managing Director, Founding Member

1. Best places to work 2020 | glassdoor. (n.d.). https://www.glassdoor.com/Award/Best-Places-to-Work-2020-LST_KQ0,24.htm HubSpot awards | comparably. Accessed August 16, 2023. https://www.comparably.com/companies/hubspot/awards. “Best Workplaces for ParentsTM 2019.” Great Place To Work®️. Accessed August 16, 2023. https://www.greatplacetowork.com best-workplaces/parents/2019.

2. Work, G. P. to. (n.d.). Flywire. Great Place To Work®️. https://www.greatplacetowork.com/certified-company/7039453 Johnston, K. (2022, December 1). The 2022 top places to work in Massachusetts - The Boston Globe. BostonGlobe.com. https://www.bostonglobe.com/2022/11/30/magazine/2022-top-places-work-massachusetts/?event=event12 Inc. names Flywire one of the best companies to work for. Flywire. (n.d.). https://www.flywire.com/resources/flywire-lands-on-inc-best-workplaces-2022#:~:text=FlyMates%20already%20know%20Flywire%20is,Inc.’s%20highest%20honor

This communication is provided for informational purposes only and expresses views of Eventide Asset Management, LLC (“Eventide”), an investment adviser, and such views may not come to pass. These are representative examples of themes in Eventide’s Investments.

Information presented in these company highlights was derived from a variety of sources, including company websites, annual reports and other publicly available information, and research analyst interviews. The companies featured in this document have been selected as of 12/31/2023. There is no guarantee that any investment strategy will achieve its objectives, generate profits, or avoid losses. Eventide’s values-based approach to investing may not produce desired results and could result in underperformance compared with other investments. Eventide uses its trademark (“Investing that makes the world rejoice®️”) in a figurative manner to help explain its focus on serving investors by helping them improve the world. Investing involves risk including the possible loss of principal. Past performance does not guarantee future results.

Eventide strives to honor God and serve its clients by investing in companies that create compelling value for the global common good.

OUR INVESTMENT PHILOSOPHY

We believe high-quality companies that excel at creating value for others and trade at a discount to intrinsic value offer superior long-term risk-adjusted returns.