Catalyst/SMH High Income Fund Class I (HIIIX)
| Fund Assets | 168.18M |
| Expense Ratio | 1.24% |
| Min. Investment | $2,500 |
| Turnover | 54.00% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 5.88% |
| Dividend Growth | 0.75% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 29, 2026 |
| Previous Close | 4.120 |
| YTD Return | 4.41% |
| 1-Year Return | 16.11% |
| 5-Year Return | 32.90% |
| 52-Week Low | 3.760 |
| 52-Week High | 4.140 |
| Beta (5Y) | 0.41 |
| Holdings | 48 |
| 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 16.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.79%.
Top 10 Holdings
44.80% of assets| Name | Symbol | Weight |
|---|---|---|
| First American Treasury Obligations Fund | FXFXX | 5.55% |
| AMC Networks Inc - AMCX 10 1/2 07/15/32 | AMCX.10.5 07.15.32 144A | 5.14% |
| Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation - IEP 10 11/15/29 | IEP.10 11.15.29 144A | 5.02% |
| CoreWeave Inc. - CRWV 9 02/01/31 | CRWV.9 02.01.31 144A | 4.97% |
| 1261229 Bc Ltd. - BHCCN 10 04/15/32 | BHCCN.10 04.15.32 144A | 4.78% |
| Nickel Industries Ltd. - NICAU 9 09/30/30 | NICAU.9 09.30.30 144A | 4.04% |
| Level 3 Financing, Inc. - LVLT 8 1/2 01/15/36 | LVLT.8.5 01.15.36 144A | 3.99% |
| Hertz Corp. - HTZ 12 5/8 07/15/29 | HTZ.12.625 07.15.29 144A | 3.89% |
| Getty Images Inc. - ABEGET 10 1/2 11/15/30 | ABEGET.10.5 11.15.30 144A | 3.81% |
| Atlanticus Holdings Corp. - ATLC 9 3/4 09/01/30 | ATLC.9.75 09.01.30 144A | 3.62% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 29, 2026 | $0.0265 | Jun 30, 2026 |
| May 28, 2026 | $0.0235 | May 29, 2026 |
| Apr 29, 2026 | $0.0234 | Apr 30, 2026 |
| Mar 30, 2026 | $0.0244 | Mar 31, 2026 |
| Feb 26, 2026 | $0.0194 | Feb 27, 2026 |
| Jan 29, 2026 | $0.0178 | Jan 30, 2026 |