Catalyst/SMH High Income Fund Class I (HIIIX)

Fund Assets	187.83M
Expense Ratio	1.24%
Min. Investment	$2,500
Turnover	54.00%
Dividend (ttm)	0.25
Dividend Yield	6.09%
Dividend Growth	2.52%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 30, 2026

Previous Close	4.070
YTD Return	4.36%
1-Year Return	10.69%
5-Year Return	33.62%
52-Week Low	3.880
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.

• Fund Family: Catalyst Mutual Funds
• Category: High Yield Bond
• Performance Rating: High
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: HIIIX
• Share Class: Class I
• Index: ICE BofA US High Yield Cash Pay TR USD

Performance

HIIIX had a total return of 10.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.74%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
HIIFX	Class A	1.49%
HIICX	Class C	2.24%

Top 10 Holdings

44.80% of assets

Name	Symbol	Weight
First American Treasury Obligs X	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
Jul 30, 2026	$0.027	Jul 31, 2026
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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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