Catalyst/SMH High Income Fund (HIIFX)
The fund invests in a non-diversified group of low-quality, high yield corporate bonds and convertible securities. It may invest without limitation in non-investment grade corporate bonds rated Baa or lower by Moody's or BBB or lower by S&P (also known as "junk" bonds). The fund may also invest in corporate issues that have defaulted. While there are no restrictions on maturity, the bonds in the fund's portfolio generally have an average maturity of less than ten years. It is non-diversified.
Fund Info
US62827L6092
62827L609
May 21, 2008
$2,500
Expense Ratio
HIIFX has a high expense ratio of 1.49%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Catalyst/SMH High Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Catalyst/SMH High Income Fund had a return of -1.08% year-to-date (YTD) and 6.92% in the last 12 months. Over the past 10 years, Catalyst/SMH High Income Fund had an annualized return of 4.34%, while the S&P 500 had an annualized return of 11.24%, indicating that Catalyst/SMH High Income Fund did not perform as well as the benchmark.
HIIFX
-1.08%
-2.40%
2.17%
6.92%
4.87%
4.34%
^GSPC (Benchmark)
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
Monthly Returns
The table below presents the monthly returns of HIIFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.14% | -0.39% | 2.54% | -1.01% | 0.61% | 1.33% | 1.90% | 0.52% | 1.74% | -0.24% | 2.63% | -1.86% | 8.09% |
| 2023 | 2.87% | -0.29% | 0.18% | -0.26% | 0.69% | 2.47% | 2.65% | 0.29% | -0.86% | -1.33% | 5.41% | 3.74% | 16.45% |
| 2022 | -2.19% | -1.87% | -0.07% | -4.24% | -2.53% | -7.01% | 4.69% | 0.46% | -4.38% | 2.06% | 2.99% | -1.66% | -13.47% |
| 2021 | 1.57% | 2.02% | 0.32% | 1.27% | 0.22% | 3.01% | -0.87% | 0.77% | -0.64% | 0.34% | -1.06% | 0.78% | 7.92% |
| 2020 | 0.84% | 0.04% | -13.06% | 0.70% | 4.42% | 3.52% | 5.61% | 2.48% | -0.87% | 0.19% | 5.17% | 1.77% | 9.83% |
| 2019 | 3.49% | 0.45% | 1.18% | 0.96% | -2.26% | 1.20% | 0.92% | -0.55% | 0.16% | 0.66% | 0.69% | 1.24% | 8.36% |
| 2018 | 1.44% | -0.65% | 0.78% | -0.33% | -0.84% | 0.74% | 0.72% | 1.17% | 0.66% | -1.85% | -1.11% | -2.09% | -1.42% |
| 2017 | 1.41% | 1.63% | -0.02% | 0.72% | 0.03% | -0.08% | 0.18% | 2.52% | 1.15% | 0.76% | -0.03% | 0.96% | 9.59% |
| 2016 | -4.51% | 2.80% | 10.08% | 7.41% | 2.41% | 2.36% | 4.06% | 1.68% | 1.80% | 0.95% | 2.69% | 2.39% | 39.11% |
| 2015 | 1.11% | 5.77% | -2.30% | 0.92% | -2.09% | -5.70% | -10.30% | -6.67% | -4.90% | 2.59% | -5.23% | -4.25% | -27.84% |
| 2014 | 0.55% | 1.59% | -1.71% | -0.35% | 0.50% | 0.68% | -0.74% | 0.14% | -6.14% | -0.19% | -1.94% | -9.08% | -15.96% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, HIIFX is among the top 11% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Catalyst/SMH High Income Fund (HIIFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Catalyst/SMH High Income Fund provided a 5.87% dividend yield over the last twelve months, with an annual payout of $0.22 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.22 | $0.24 | $0.22 | $0.16 | $0.19 | $0.20 | $0.21 | $0.22 | $0.26 | $0.36 | $0.38 |
Dividend yield | 5.87% | 5.81% | 6.56% | 6.65% | 3.92% | 4.85% | 5.37% | 5.65% | 5.51% | 6.86% | 12.15% | 8.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Catalyst/SMH High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | |||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.22 |
| 2023 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.24 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.22 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.16 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.03 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.19 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.20 |
| 2018 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.21 |
| 2017 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.22 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2015 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.36 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Catalyst/SMH High Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Catalyst/SMH High Income Fund was 47.99%, occurring on Feb 11, 2016. Recovery took 1222 trading sessions.
The current Catalyst/SMH High Income Fund drawdown is 2.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.99% | May 13, 2013 | 694 | Feb 11, 2016 | 1222 | Dec 17, 2020 | 1916 |
| -38.72% | Jun 9, 2008 | 117 | Nov 21, 2008 | 250 | Nov 19, 2009 | 367 |
| -18.67% | Nov 9, 2021 | 163 | Jul 5, 2022 | 424 | Mar 12, 2024 | 587 |
| -13% | May 5, 2011 | 106 | Oct 4, 2011 | 376 | Apr 8, 2013 | 482 |
| -6.24% | Apr 28, 2010 | 20 | May 25, 2010 | 71 | Sep 3, 2010 | 91 |
Volatility
Volatility Chart
The current Catalyst/SMH High Income Fund volatility is 1.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.