- ISIN
- US00774Q7759
- CUSIP
- 00774Q775
- Issuer
- Mesirow
- Inception Date
- Dec 3, 2018
- Category
- High Yield Bonds
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MFHVX Performance Chart
Mesirow High Yield Fund (MFHVX) is up 3.2% since the beginning of the year. MFHVX is currently trading at $8 per share. Investors who bought $1,000 worth of MFHVX shares 5 years ago would now be looking at an investment worth $1,225.
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Returns By Period
Mesirow High Yield Fund (MFHVX) has returned 3.20% so far this year and 6.43% over the past 12 months.
Mesirow High Yield Fund
- 1D
- 0.12%
- 1M
- 0.84%
- YTD
- 3.20%
- 6M
- 3.63%
- 1Y
- 6.43%
- 3Y*
- 8.49%
- 5Y*
- 4.14%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MFHVX Monthly Returns History
Based on dividend-adjusted daily data since Dec 3, 2018, MFHVX's average daily return is +0.02%, while the average monthly return is +0.50%. At this rate, an investment would double in approximately 11.6 years.
Historically, 70% of months were positive and 30% were negative. The best month was May 2020 with a return of +7.6%, while the worst month was Mar 2020 at -16.7%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MFHVX closed higher 47% of trading days. The best single day was Apr 13, 2020 with a return of +1.7%, while the worst single day was Mar 18, 2020 at -3.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.24% | -0.09% | -1.43% | 2.13% | 1.10% | 0.25% | 3.20% | ||||||
| 2025 | 1.39% | -0.04% | -1.67% | -1.25% | 1.78% | 2.15% | 0.85% | 1.93% | 0.41% | -1.02% | -0.15% | 0.17% | 4.56% |
| 2024 | 0.68% | 1.12% | 1.58% | 0.03% | 1.18% | 0.55% | 1.30% | 0.81% | 0.93% | 0.16% | 1.12% | -0.14% | 9.72% |
| 2023 | 2.53% | 0.46% | 0.25% | 1.68% | -0.59% | 1.67% | 1.85% | 0.90% | -0.08% | -1.02% | 2.86% | 2.83% | 14.09% |
| 2022 | -1.06% | -0.91% | -0.88% | -1.61% | -3.03% | -4.48% | 1.82% | 0.47% | -3.66% | 0.03% | 1.47% | -0.74% | -12.06% |
| 2021 | 1.87% | 1.46% | 0.89% | 1.22% | 0.58% | 1.74% | 0.14% | 0.64% | 0.42% | 0.33% | -0.72% | 1.52% | 10.53% |
Benchmark Metrics
Mesirow High Yield Fund has an annualized alpha of 4.22%, beta of 0.11, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since December 03, 2018.
- This fund participated in 31.95% of S&P 500 Index downside but only 28.40% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.11 may look defensive, but with R2 of 0.24 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 0.24 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.
- Alpha
- 4.22%
- Beta
- 0.11
- R²
- 0.24
- Upside Capture
- 28.40%
- Downside Capture
- 31.95%
Expense Ratio
MFHVX has a high expense ratio of 1.43%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MFHVX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Mesirow High Yield Fund (MFHVX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MFHVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.78 | -0.06 |
| Martin ratioReturn relative to average drawdown | 6.90 | 12.44 | -5.54 |
Dividends
Dividend History
Mesirow High Yield Fund provided a 9.32% dividend yield over the last twelve months, with an annual payout of $0.75 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.75 | $0.76 | $0.76 | $0.82 | $0.73 | $0.85 | $0.72 | $0.86 | $0.00 |
Dividend yield | 9.32% | 9.41% | 8.98% | 9.66% | 8.95% | 8.44% | 7.30% | 8.61% | 0.04% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.00 | $0.29 | ||||||
| 2025 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.76 |
| 2024 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.76 |
| 2023 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.08 | $0.06 | $0.08 | $0.07 | $0.08 | $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 | $0.25 | $0.85 |
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.
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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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -20.95%Mar 2020 | 1mo 5d | 7mo 27d | 9mo 2dFeb 2020 - Nov 2020 |
Bear market2022 | -13.54%Oct 2022 | 9mo 2d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -5.14%Apr 2025 | 1mo 12d | 2mo 5d | 3mo 17dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -3.20%Dec 2018 | 20d | 25d | 1mo 15dDec 2018 - Jan 2019 |
2026 pullback2026 | -2.43%Mar 2026 | 1mo 2d | 1mo 4d | 2mo 6dFeb 2026 - Apr 2026 |
Drawdown Indicators
| MFHVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.95% | -56.78% | +35.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -9.10% | +6.67% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -18.90% | +13.76% |
Max Drawdown (5Y)Largest decline over 5 years | -13.54% | -25.43% | +11.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -10.71% | +7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.03% | -1.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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