- What does HIIIX invest in?
- This fund's primary objective is to generate income, with capital appreciation serving as a secondary aim. Its strategy involves concentrating investments in a non-diversified array of lower-rated, high-yielding corporate bonds and convertible securities. The fund has no limits on its allocation to non-investment grade corporate bonds – those assessed as Baa or below by Moody's or BBB or below by S&P, commonly referred to as 'junk bonds'. Furthermore, it may also acquire corporate debt from entities that have previously defaulted on their obligations. While there are no stringent restrictions on the maturity dates of its bond holdings, the portfolio generally maintains an average maturity period of under ten years.
- What is the expense ratio of HIIIX?
- Catalyst/SMH High Income Fund Cl I (HIIIX) charges an expense ratio of 1.24%. This is the annual fee deducted from fund assets to cover management and operations.
- What is HIIIX's dividend yield?
- HIIIX's trailing-twelve-month yield is 5.95%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of HIIIX?
- Effective duration measures HIIIX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HIIIX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of HIIIX?
- HIIIX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of HIIIX?
- Yield to maturity (YTM) is the total return you'd earn from HIIIX if every bond in the portfolio is held to maturity at the current price. HIIIX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
