# Catalyst Buffered Shield Fund Class I (SHIIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/shiix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Catalyst · Asset class: — - Strategy: Buffered · Inception: 2015-04-14 This fund aims for sustained growth of invested capital over the long term. To achieve this, the fund typically allocates capital across two main areas: fixed income securities and a combination of put and call options on Exchange Traded Funds (ETFs) that track the S&P 500 Index. The fund's investment sub-advisor, Exceed Advisory LLC, implements this options strategy with a dual objective: to limit potential losses to 12.5% when the S&P 500 Index declines, while also capturing upside performance from the index up to approximately 15%. ## Key Facts | Metric | Value | |---|---| | Price | $11.62 | | Expense Ratio | 0.00% | | Assets Under Management | $11.2M | | NAV | $11.61 | | Holdings Count | 0 | | Distribution Yield (TTM) | 2.83% | | Annual Distribution (TTM) | $0.33 /share | | Distribution Frequency | Annual | | 52-Week Range | $10.54 – $11.64 | | Beta | 0.50 | ## Latest Distribution - Amount: $0.3285 /share - Ex-date: 2025-12-15 - Pay date: 2025-12-16 ## Frequently Asked Questions ### What does SHIIX invest in? This fund aims for sustained growth of invested capital over the long term. To achieve this, the fund typically allocates capital across two main areas: fixed income securities and a combination of put and call options on Exchange Traded Funds (ETFs) that track the S&P 500 Index. The fund's investment sub-advisor, Exceed Advisory LLC, implements this options strategy with a dual objective: to limit potential losses to 12.5% when the S&P 500 Index declines, while also capturing upside performance from the index up to approximately 15%. ### What is the expense ratio of SHIIX? Catalyst Buffered Shield Fund Class I (SHIIX) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations. ### What is SHIIX's dividend yield? SHIIX's trailing-twelve-month yield is 2.83%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of SHIIX? Effective duration measures SHIIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SHIIX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of SHIIX? SHIIX'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 SHIIX? Yield to maturity (YTM) is the total return you'd earn from SHIIX if every bond in the portfolio is held to maturity at the current price. SHIIX'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. ### Does SHIIX pay a dividend? Yes, Catalyst Buffered Shield Fund Class I (SHIIX) distributes dividends to shareholders. The trailing-twelve-month yield is 2.83%. Full dividend history is on this page. ### How often does SHIIX pay dividends? Catalyst Buffered Shield Fund Class I pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is SHIIX's next ex-dividend date? The most recently announced ex-dividend date for SHIIX was 2025-12-15. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will SHIIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.00% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SHIIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from SHIIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SHIIX cost more than a fund like VOO? SHIIX's strategy (current expense ratio 0.00%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where SHIIX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to SHIIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as SHIIX (0.00%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/shiix - Distribution history: https://www.dividenddata.com/funds/shiix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/shiix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/shiix/expenses - Peer comparison: https://www.dividenddata.com/funds/shiix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.