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Arena Strategic Income I ACSIX

Medalist Rating as of | See Arena Capital Investment Hub
  • NAV / 1-Day Return 11.34  /  −0.09 %
  • Total Assets 1.5 Mil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 6.57%
  • Effective Duration

USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 10:12 PM GMT+0

Morningstar’s Analysis ACSIX

Will ACSIX outperform in future?

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

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Arena Strategic Income I to a Morningstar Medalist Rating of Negative.

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Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

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Portfolio Holdings ACSIX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 26.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Inv MM Government I

9.96 527,334
Cash and Equivalents

Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation 9.75%

3.09 163,432
Corporate

Uber Technologies Inc 8%

3.02 160,023
Corporate

QVC, Inc. 4.75%

2.99 158,530
Corporate

LSF9 Atlantis Holdings LLC / Victra Finance Corp. 7.75%

2.72 144,066
Corporate

Ap Core Holdings Ii Bank Loan 09/01/27

2.59 137,025
Corporate

Directv Financing LLC/Directv Financing Co-Obligor Inc. 5.88%

2.58 136,451
Corporate

Diebold Nixdorf Term Loan 1l 8/11/28

2.53 134,022
Corporate

The Manitowoc Company, Inc. 9%

2.47 130,966
Corporate

StoneX Group Inc 8.63%

2.39 126,843
Corporate