Catalyst/SMH High Income Fund (HIIFX)

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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.

Catalyst/SMH High Income Fund (HIIFX) has returned -3.01% so far this year and 14.54% over the past 12 months. Over the last ten years, HIIFX has returned 8.16% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since May 21, 2008, HIIFX's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, your investment would double in approximately 36.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Apr 2009 with a return of +11.8%, while the worst month was Oct 2008 at -20.9%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, HIIFX closed higher 39% of trading days. The best single day was Oct 14, 2008 with a return of +3.1%, while the worst single day was Dec 15, 2010 at -5.2%.

Catalyst/SMH High Income Fund has an annualized alpha of 0.09%, beta of 0.13, and R² of 0.13 versus S&P 500 Index. Calculated based on daily prices since May 22, 2008.

• This fund participated in 63.60% of S&P 500 Index downside but only 38.59% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.13 may look defensive, but with R² of 0.13 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.13 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HIIFX has a high expense ratio of 1.49%, indicating above-average management fees.

HIIFX ranks 85 for risk / return — in the top 85% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Catalyst/SMH High Income Fund (HIIFX) and compare them to a chosen benchmark (S&P 500 Index).

Catalyst/SMH High Income Fund provided a 5.54% dividend yield over the last twelve months, with an annual payout of $0.22 per share.

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.

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.

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 51.29%, occurring on Feb 11, 2016. Recovery took 1338 trading sessions.

The current Catalyst/SMH High Income Fund drawdown is 4.89%.

The chart below shows the rolling one-month volatility.