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.
Arena Strategic Income I ACSIX
- NAV / 1-Day Return 11.15 / +0.18 %
- Total Assets 21.4 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.000%
- Distribution Fee Level High
- 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 Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:10 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.
People Pillar
Parent Pillar
- 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 |