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Morningstar

Catalyst/SMH High Income A HIIFX

Morningstar Analyst Rating
Quantitative rating as of | See Catalyst Investment Hub
  • NAV / 1-Day Return 3.49  /  0.00
  • Total Assets 14.8 Mil
  • Adj. Expense Ratio
    1.480%
  • Expense Ratio 1.490%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 6.03%
  • Effective Duration —

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis HIIFX

Will HIIFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HIIFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the HIIFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of HIIFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Catalyst/SMH High Income A earns a Morningstar Quantitative Rating of Negative on the basis of subpar ratings in both the Parent and Process Pillars. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

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