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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.31

$52.7 M

9.07%

$0.75

1.00%

Vitals

YTD Return

-17.6%

1 yr return

-3.5%

3 Yr Avg Return

4.9%

5 Yr Avg Return

N/A

Net Assets

$52.7 M

Holdings in Top 10

17.8%

52 WEEK LOW AND HIGH

$8.3
$8.31
$10.38

Expenses

OPERATING FEES

Expense Ratio 1.00%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 71.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$5,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.31

$52.7 M

9.07%

$0.75

1.00%

MFHVX - Profile

Distributions

  • YTD Total Return -17.6%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 6.86%
DIVIDENDS
  • Dividend Yield 9.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Mesirow High Yield Fund
  • Fund Family Name
    Mesirow Financial
  • Inception Date
    Dec 03, 2018
  • Shares Outstanding
    732859
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Sydow

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in high yield instruments (also known as "junk bonds") and other financial instruments with economic characteristics similar to such instruments, such as derivatives and exchange-traded funds ("ETFs"). The fund may invest the remainder of its assets in investment grade instruments including securities issued or guaranteed by the U.S. government and its agencies or instrumentalities, municipal bonds, corporate bonds, and etc.


MFHVX - Performance

Return Ranking - Trailing

Period MFHVX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.6% -57.5% 9.6% 57.52%
1 Yr -3.5% -37.5% 44.9% 21.82%
3 Yr 4.9%* -25.4% 17.4% 6.07%
5 Yr N/A* -15.8% 13.4% N/A
10 Yr N/A* 0.4% 9.0% N/A

* Annualized

Return Ranking - Calendar

Period MFHVX Return Category Return Low Category Return High Rank in Category (%)
2021 1.7% -47.5% 15.2% 11.99%
2020 -1.2% -56.9% 399.1% 69.00%
2019 3.6% -53.7% 226.1% 89.59%
2018 N/A -33.7% 2.0% N/A
2017 N/A -9.5% 18.8% N/A

Total Return Ranking - Trailing

Period MFHVX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.6% -57.5% 9.6% 56.59%
1 Yr -3.5% -37.5% 52.4% 19.97%
3 Yr 4.9%* -25.4% 16.3% 7.16%
5 Yr N/A* -15.8% 12.7% N/A
10 Yr N/A* 0.4% 9.0% N/A

* Annualized

Total Return Ranking - Calendar

Period MFHVX Return Category Return Low Category Return High Rank in Category (%)
2021 1.7% -47.5% 15.2% 12.13%
2020 -1.2% -56.9% 399.1% 69.00%
2019 4.6% -53.7% 226.1% 85.07%
2018 N/A -33.7% 2.0% N/A
2017 N/A -9.4% 18.8% N/A

NAV & Total Return History


MFHVX - Holdings

Concentration Analysis

MFHVX Category Low Category High MFHVX % Rank
Net Assets 52.7 M 1.47 M 26.2 B 85.70%
Number of Holdings 101 2 2736 88.95%
Net Assets in Top 10 11.9 M -492 M 2.55 B 76.11%
Weighting of Top 10 17.77% 3.0% 100.0% 23.63%

Top 10 Holdings

  1. Allied Universal Holdco LLC / Allied Universal Finance Corporation 6.62% 2.04%
  2. Carestream Dental 1.98%
  3. Carestream Dental 1.98%
  4. Carestream Dental 1.98%
  5. Carestream Dental 1.98%
  6. Carestream Dental 1.98%
  7. Carestream Dental 1.98%
  8. Carestream Dental 1.98%
  9. Carestream Dental 1.98%
  10. Carestream Dental 1.98%

Asset Allocation

Weighting Return Low Return High MFHVX % Rank
Bonds
95.38% 0.00% 154.38% 42.78%
Cash
2.50% -52.00% 100.00% 56.54%
Convertible Bonds
1.39% 0.00% 17.89% 36.59%
Stocks
0.69% -0.60% 52.82% 34.30%
Preferred Stocks
0.03% 0.00% 14.10% 41.55%
Other
0.00% -63.70% 32.06% 54.26%

Stock Sector Breakdown

Weighting Return Low Return High MFHVX % Rank
Utilities
0.00% 0.00% 100.00% 38.75%
Technology
0.00% 0.00% 34.19% 32.68%
Real Estate
0.00% 0.00% 86.71% 36.59%
Industrials
0.00% 0.00% 100.00% 43.84%
Healthcare
0.00% 0.00% 30.07% 37.77%
Financial Services
0.00% 0.00% 100.00% 42.07%
Energy
0.00% 0.00% 100.00% 80.63%
Communication Services
0.00% 0.00% 99.99% 52.45%
Consumer Defense
0.00% 0.00% 100.00% 32.49%
Consumer Cyclical
0.00% 0.00% 100.00% 0.20%
Basic Materials
0.00% 0.00% 100.00% 50.68%

Stock Geographic Breakdown

Weighting Return Low Return High MFHVX % Rank
Non US
0.56% -0.01% 9.63% 6.48%
US
0.13% -0.60% 47.59% 48.54%

Bond Sector Breakdown

Weighting Return Low Return High MFHVX % Rank
Corporate
97.48% 0.00% 100.00% 24.30%
Cash & Equivalents
2.52% 0.00% 99.98% 63.99%
Derivative
0.00% 0.00% 45.95% 48.98%
Securitized
0.00% 0.00% 97.24% 61.20%
Municipal
0.00% 0.00% 1.17% 35.37%
Government
0.00% 0.00% 99.07% 56.62%

Bond Geographic Breakdown

Weighting Return Low Return High MFHVX % Rank
US
83.09% 0.00% 150.64% 35.45%
Non US
12.29% 0.00% 96.17% 55.78%

MFHVX - Expenses

Operational Fees

MFHVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.02% 4.67% 33.98%
Management Fee 0.55% 0.00% 1.84% 49.87%
12b-1 Fee 0.25% 0.00% 1.00% 26.74%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

MFHVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MFHVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 63.33%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MFHVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 1.00% 327.00% 66.36%

MFHVX - Distributions

Dividend Yield Analysis

MFHVX Category Low Category High MFHVX % Rank
Dividend Yield 9.07% 0.00% 30.27% 2.53%

Dividend Distribution Analysis

MFHVX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MFHVX Category Low Category High MFHVX % Rank
Net Income Ratio 6.86% -2.39% 14.30% 2.64%

Capital Gain Distribution Analysis

MFHVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

MFHVX - Fund Manager Analysis

Managers

Robert Sydow


Start Date

Tenure

Tenure Rank

Dec 03, 2018

3.49

3.5%

Robert Sydow is Senior Managing Director, Chief Investment Officer, and Portfolio Manager at Mesirow Financial Investment Management, Inc. Mr. Sydow joined Mesirow Financial in 2017. Prior to joining Mesirow Financial, Mr. Sydow was a senior vice president at Pacific Income Advisers from 2010 to 2017. Previously, he founded Grandview Capital and served in multiple positions at SunAmerica Investments’ High Yield Bond Department. Mr. Sydow also held multiple positions at First Interstate Bancorp and Atlantic Richfield Company. He earned joint undergraduate degrees in Economics and History, graduating summa cum laude, and an M.B.A. and J.D. from UCLA. Mr. Sydow has 30 years of industry experience.

Kevin Buckle


Start Date

Tenure

Tenure Rank

Dec 03, 2018

3.49

3.5%

Mr. Buckle High Yield Portfolio Manager. He joined Grandview Capital in June 2002 as a Portfolio Manager and was previously Managing Director at Willow Brook Capital, a private equity boutique. From 1994 to 2001, he was a Vice President, Director, and Senior Vice President and Portfolio Manager of SunAmerica Investments, where he co-managed high yield bond, leveraged loan, and structured product portfolios. Mr. Buckle earned a B.S. in finance and accounting in 1986 and an M.B.A. with honors in 1990 from the University of Southern California. Mr. Buckle is a Chartered Financial Analyst.

James Lisko


Start Date

Tenure

Tenure Rank

Dec 03, 2018

3.49

3.5%

James Lisko, Managing Director and Portfolio Manager, serves as a portfolio manager for Mesirow Financial Investment Management, Inc. Mr. Lisko joined Mesirow Financial in 2017. Prior to joining Mesirow Financial in 2017, Mr. Lisko was a senior vice president at Pacific Income Advisers from 2010 to 2017. Previously, he was a portfolio manager at Grandview Capital, portfolio manager at JPBT Advisors, senior analyst at Western Asset Management and SunAmerica Investments, and a director of research at Papillon Partners. Mr. Lisko earned an undergraduate degree in Finance from Ohio State University and an M.B.A. from the University of Miami. Mr. Lisko has 25 years of industry experience.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.16 2.92