Catalyst/SMH High Income Fund Cl I (HIIIX) Stock
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.
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About Catalyst/SMH High Income Fund Cl I
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.
Catalyst/SMH High Income Fund Cl I is headquartered in US.
Catalyst/SMH High Income Fund Cl I (HIIIX) stock trades at $4.02 with a market capitalization of $17.46M. Over the past 52 weeks the stock has ranged between $3.78 and $4.14, and currently trades 2.9% below its 52-week high. It pays a dividend yielding 7.96%.
Official website: catalystmf.com/funds/catalyst-smh-high-income-fund/