MetLife Opportunistic High Yield Fund - Institutional Share Class (MFHIX)
| Fund Assets | 137.01M |
| Expense Ratio | 0.75% |
| Min. Investment | $1,000,000 |
| Turnover | 66.00% |
| Dividend (ttm) | 0.79 |
| Dividend Yield | 9.95% |
| Dividend Growth | 3.62% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 30, 2026 |
| Previous Close | 7.90 |
| YTD Return | -1.06% |
| 1-Year Return | 3.98% |
| 5-Year Return | 29.99% |
| 52-Week Low | 7.87 |
| 52-Week High | 8.47 |
| Beta (5Y) | 0.23 |
| Holdings | 117 |
| Inception Date | Dec 3, 2018 |
About MFHIX
Mesirow High Yield Fund Institutional Shares is a mutual fund designed to deliver a high level of current income while prioritizing preservation of principal. The fund primarily invests at least 80% of its net assets in high-yield fixed income securities, including corporate bonds from smaller issuers and other instruments with similar economic characteristics, such as derivatives and exchange-traded funds. This approach emphasizes rigorous credit selection, targeting issuers that offer strong governance and attractive risk-adjusted returns, with a preference for sectors such as Basic Industry and Energy, which have historically provided relative value opportunities. The fund maintains an above-average risk rating and features a relatively short average duration compared to common benchmarks, aiming to manage interest rate exposure efficiently. With over 100 holdings and institutional share class requirements—including a $1,000,000 minimum investment and a competitive expense ratio—the fund caters to organizations seeking consistent income and active high-yield bond management within the U.S. credit market. Mesirow High Yield Fund Institutional Shares plays a vital role for investors seeking diversified high-yield exposure and professional management focused on undervalued segments of the bond market.
Performance
MFHIX had a total return of 3.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.57%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MFHVX | Investor Shares | 1.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 30, 2026 | $0.0663 | Mar 31, 2026 |
| Feb 26, 2026 | $0.0546 | Feb 27, 2026 |
| Jan 29, 2026 | $0.062 | Jan 30, 2026 |
| Dec 30, 2025 | $0.076 | Dec 31, 2025 |
| Nov 26, 2025 | $0.0593 | Nov 28, 2025 |
| Oct 30, 2025 | $0.0669 | Oct 31, 2025 |