Catalyst/SMH High Income Fund Class I (HIIIX)
| Fund Assets | 102.31M |
| Expense Ratio | 1.27% |
| Min. Investment | $2,500 |
| Turnover | 54.00% |
| Dividend (ttm) | 0.21 |
| Dividend Yield | 5.26% |
| Dividend Growth | -15.84% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 29, 2026 |
| Previous Close | 4.080 |
| YTD Return | 0.93% |
| 1-Year Return | 14.44% |
| 5-Year Return | 35.39% |
| 52-Week Low | 3.270 |
| 52-Week High | 4.120 |
| Beta (5Y) | n/a |
| Holdings | 53 |
| Inception Date | Jul 1, 2013 |
About HIIIX
Catalyst/SMH High Income Fund Class I is a mutual fund designed to generate high current income as its primary objective, with capital appreciation as a secondary goal. This fund predominantly invests in a non-diversified portfolio of low-quality, high yield corporate bonds and convertible securities, often referred to as "junk bonds." It may hold debt rated Baa or below by Moody’s or BBB or below by S&P, and it can also invest in corporate issues that have defaulted. The typical portfolio maintains an average maturity of less than ten years and focuses primarily on U.S. issuers, with over 80% of assets allocated to domestic bonds and a small allocation to convertible and preferred securities. The fund employs a bottom-up, value-driven investment process that emphasizes strict discipline in balancing risk and return, seeking to identify the best relative value opportunities while targeting strong balance sheets. It does not have ESG selection criteria and is managed by Catalyst Capital Advisors in partnership with SMH Capital Advisors. Catalyst/SMH High Income Fund Class I plays a specialized role within the fixed income market, offering exposure to higher yielding segments of the corporate debt market, and is suitable for those seeking a more aggressive income-oriented strategy.
Performance
HIIIX had a total return of 14.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.96%.
Top 10 Holdings
45.59% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street SPDR Portfolio High Yield Bond ETF | SPHY | 10.44% |
| Pagaya US Holding Co. LLC - PGY 8 7/8 08/01/30 | PGY.8.875 08.01.30 | 4.95% |
| Atlanticus Holdings Corp. - ATLC 9 3/4 09/01/30 | ATLC.9.75 09.01.30 144A | 4.89% |
| Transocean International Ltd. - RIG 6.8 03/15/38 | RIG.6.8 03.15.38 | 4.26% |
| Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation - IEP 10 11/15/29 | IEP.10 11.15.29 144A | 4.16% |
| Unisys Corp. - UIS 10 5/8 01/15/31 | UIS.10.625 01.15.31 144A | 3.52% |
| Hertz Corp. - HTZ 12 5/8 07/15/29 | HTZ.12.625 07.15.29 144A | 3.51% |
| 1261229 Bc Ltd. - BHCCN 10 04/15/32 | BHCCN.10 04.15.32 144A | 3.39% |
| CoreWeave Inc. - CRWV 9 02/01/31 | CRWV.9 02.01.31 144A | 3.39% |
| Nebius Group N.V. - NBIS 2 3/4 09/15/32 | n/a | 3.08% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 29, 2026 | $0.0178 | Jan 30, 2026 |
| Dec 30, 2025 | $0.0284 | Dec 31, 2025 |
| Nov 26, 2025 | $0.0138 | Nov 28, 2025 |
| Oct 30, 2025 | $0.0151 | Oct 31, 2025 |
| Sep 29, 2025 | $0.0116 | Sep 30, 2025 |
| Aug 28, 2025 | $0.0171 | Aug 29, 2025 |