Morningstar

Arena Strategic Income I ACSIX

Morningstar Medalist Rating
Medalist Rating as of | See Arena Capital Investment Hub
  • NAV / 1-Day Return 11.38  /  0.00
  • Total Assets 38.4 Mil
  • Adj. Expense Ratio
    1.000%
  • 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 8.39%
  • Effective Duration —

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 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.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ACSIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

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.

null Morningstar Manager Research

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-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ACSIX

More ACSIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 33.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

FIDELITY INSTL MMKT PORT CL I

6.95 1.9 Mil
—

Other

5.21 1.5 Mil
—

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3.51 976,499
Corporate

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3.25 904,741
Corporate

Directv Financing LLC/Directv Financing Co-Obligor Inc. 8.88%

3.17 881,688
Corporate

Spirit IP Cayman Ltd / Spirit Loyalty Cayman Ltd 8%

3.02 840,169
Corporate

Uniti Group LP/Uniti Fiber Holdings Inc/Uniti Group Finance 2019 Inc/CSL Ca

3.00 834,452
Corporate

Endo Finance Holding Endo 04/23/2031

2.83 789,004
Corporate

Radiology Partners Inc. 7.78%

2.73 759,251
Corporate

Allwyn Entertainment Financing (UK) PLC 7.88%

2.60 723,968
Corporate

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