Morningstar

Catalyst/SMH High Income Fund Class I HIIIX

Morningstar Medalist Rating
Medalist Rating as of | See Catalyst Investment Hub
  • NAV / 1-Day Return 4.08  /  0.00
  • Total Assets 186.0M
  • Adj. Expense Ratio
    1.240%
  • Expense Ratio 1.230%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.95%
  • Effective Duration —

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 12:46 AM GMT+0

Morningstar’s Analysis HIIIX

Will HIIIX outperform in the 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 HIIIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the HIIIX 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 HIIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Catalyst/SMH High Income I holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings HIIIX

More HIIIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 42.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Treasury Obligs X

5.55 7M
Cash and Equivalents

AMC Global Media Inc. 10.5%

5.14 6M
Corporate

Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation 10%

5.02 6M
Corporate

CoreWeave Inc. 9%

4.97 6M
Corporate

1261229 Bc Ltd. 10%

4.78 6M
Corporate

Nickel Industries Ltd. 9%

4.04 5M
Corporate

Level 3 Financing, Inc. 8.5%

3.99 5M
Corporate

Hertz Corp. 12.625%

3.89 5M
Corporate

Getty Images Inc. 10.5%

3.81 4M
Corporate

Atlanticus Holdings Corp. 9.75%

3.62 4M
Corporate

Sponsor Center