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Angel Oak UltraShort Income Fund (AOUIX)

9.85
0.00
(0.00%)
At close: 8:00:05 PM EDT

Fund Summary

The fund invests primarily in agency and non-agency residential mortgage-backed securities (“RMBS”), asset-backed securities (“ABS”),. It may invest, without limitation, in securities of any maturity and duration, but, under normal circumstances, the fund will have a dollar-weighted average maturity of less than two years and a dollar-weighted average duration of less than one year.

Angel Oak UltraShort Income Fund

Atlanta, Georgia 30305
One Buckhead Plaza, 3060 Peachtree Road NW, Suite 500

Fund Overview

Category Ultrashort Bond
Fund Family Angel Oak
Net Assets 629.85M
YTD Return 1.45%
Yield 5.30%
Morningstar Rating
Inception Date Apr 02, 2018

Fund Operations

Last Dividend 0.12
Last Cap Gain -11.00
Holdings Turnover 92.00%
Average for Category --

Fees & Expenses

Expense AOUIX Category Average
Annual Report Expense Ratio (net) 0.35% 0.44%
Prospectus Net Expense Ratio 0.35% --
Prospectus Gross Expense Ratio 0.59% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 2.59%
Max Deferred Sales Load -- 1.21%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Namit is a Managing Director and Chief Investment Officer of the private strategies at Angel Oak Capital and focuses on managing non-qualified mortgage and commercial investment strategies. He also focuses on opportunities in other areas such as prime jumbo mortgages, reperforming loan strategies and mortgage servicing rights. Namit has over 15 years of experience in fixed income products including structured credit. Prior to Angel Oak, Namit spent four years as Senior Vice President at Canyon Capital and established the residential loan trading business in addition to covering its structured products operations. Prior to joining Canyon, Namit worked at Nomura as Executive Director of Mortgage Trading and was involved in the acquisition and financing of non-performing loans, reperforming loans, non-qualified mortgages and Prime Jumbo loans. Prior to that, Namit worked at both Lehman Brothers and Barclays as a non-agency whole loan trader. Namit holds an M.S. from Rutgers University, and a Bachelor of Technology degree from the Indian Institute of Technology Bombay in Mumbai, India.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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