Mesirow High Yield Fund (MFHVX)
The investment seeks to provide a high level of current income consistent with the preservation of principal. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in high yield instruments (also known as "junk bonds") and other financial instruments with economic characteristics similar to such instruments, such as derivatives and exchange-traded funds ("ETFs"). The fund may invest the remainder of its assets in investment grade instruments including securities issued or guaranteed by the U.S. government and its agencies or instrumentalities, municipal bonds, corporate bonds, and etc.
Fund Info
| ISIN | US00774Q7759 |
|---|---|
| CUSIP | 00774Q775 |
| Issuer | Mesirow |
| Inception Date | Dec 3, 2018 |
| Category | High Yield Bonds |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
MFHVX has a high expense ratio of 1.43%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: MFHVX vs. PRFRX, MFHVX vs. PIAMX, MFHVX vs. SPY, MFHVX vs. AXSIX, MFHVX vs. PHYSX, MFHVX vs. FFRHX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Mesirow High Yield 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
Mesirow High Yield Fund had a return of 9.56% year-to-date (YTD) and 14.35% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.56% | 25.82% |
| 1 month | 0.87% | 3.20% |
| 6 months | 4.91% | 14.94% |
| 1 year | 14.35% | 35.92% |
| 5 years (annualized) | 5.12% | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of MFHVX, 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 | 0.69% | 1.11% | 1.58% | 0.04% | 1.18% | 0.55% | 1.31% | 0.81% | 0.93% | 0.16% | 9.56% | ||
| 2023 | 2.53% | 0.46% | 0.25% | 1.69% | -0.58% | 1.67% | 1.85% | 0.90% | -0.08% | -1.01% | 2.87% | 2.83% | 14.11% |
| 2022 | -1.06% | -0.91% | -0.88% | -1.61% | -3.03% | -4.48% | 1.82% | 0.47% | -3.65% | 0.04% | 1.47% | -0.74% | -12.06% |
| 2021 | 1.87% | 1.46% | 0.89% | 1.22% | 0.58% | 1.74% | 0.15% | 0.64% | 0.43% | 0.33% | -0.72% | -0.43% | 8.41% |
| 2020 | 1.53% | -1.87% | -16.65% | -0.17% | 7.62% | 3.24% | 3.02% | 2.46% | 0.84% | 0.62% | 5.18% | 2.69% | 6.56% |
| 2019 | 3.92% | 1.34% | 0.85% | 2.08% | -1.37% | 2.01% | 0.82% | -0.31% | 0.76% | -0.35% | 0.06% | 0.59% | 10.80% |
| 2018 | -2.66% | -2.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MFHVX is 95, placing it in the top 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Mesirow High Yield Fund (MFHVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Mesirow High Yield Fund provided a 9.28% dividend yield over the last twelve months, with an annual payout of $0.80 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.80 | $0.82 | $0.73 | $0.66 | $0.69 | $0.68 | $0.04 |
Dividend yield | 9.28% | 9.67% | 8.96% | 6.49% | 7.00% | 6.79% | 0.45% |
Monthly Dividends
The table displays the monthly dividend distributions for Mesirow High Yield 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.00 | $0.64 | |
| 2023 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.08 | $0.06 | $0.08 | $0.07 | $0.09 | $0.82 |
| 2022 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.73 |
| 2021 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.06 | $0.66 |
| 2020 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.04 | $0.06 | $0.06 | $0.06 | $0.07 | $0.69 |
| 2019 | $0.04 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.68 |
| 2018 | $0.04 | $0.04 |
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 Mesirow High Yield 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 Mesirow High Yield Fund was 20.95%, occurring on Mar 24, 2020. Recovery took 165 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.95% | Feb 21, 2020 | 23 | Mar 24, 2020 | 165 | Nov 16, 2020 | 188 |
| -14.78% | Nov 12, 2021 | 231 | Oct 13, 2022 | 331 | Feb 8, 2024 | 562 |
| -3.2% | Dec 4, 2018 | 14 | Dec 24, 2018 | 15 | Jan 16, 2019 | 29 |
| -1.66% | Dec 20, 2019 | 1 | Dec 20, 2019 | 18 | Jan 17, 2020 | 19 |
| -1.47% | May 2, 2019 | 21 | May 31, 2019 | 14 | Jun 20, 2019 | 35 |
Volatility
Volatility Chart
The current Mesirow High Yield Fund volatility is 0.54%, 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.