The risk-adjusted performance of the firm's open-end and exchange-traded funds does not stack up well versus their competitors, with an average five-year Morningstar Rating of 1.9 stars. Angel Oak fails to showcase longevity across its product shelf, as evidenced by its five-year risk-adjusted success ratio. Over this time period, only 13% of its roster has been able to both survive and beat its respective category median on a risk-adjusted basis. A low success ratio indicates poor performance and raises questions about a firm’s discipline around investment strategy and product development. Despite other redeeming qualities as a firm, Angel Oak has seen some disruption among its portfolio management ranks in the past five years, denoted by elevated turnover compared to peer asset-management firms. Long-term stability tends to support positive results.
In an increasingly competitive industry, Angel Oak falls behind on a number of key metrics, resulting in a Below Average Parent Pillar rating.
United States