Morningstar

Angel Oak Multi-Strategy Income Instl ANGIX

Morningstar Medalist Rating
Medalist Rating as of | See Angel Oak Investment Hub
  • NAV / 1-Day Return 8.77  /  +0.02 %
  • Total Assets 2.8 Bil
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.890%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 5.80%
  • Effective Duration 4.18 years

USD | NAV as of Oct 03, 2024 | 1-Day Return as of Oct 03, 2024, 12:44 AM GMT+0

Morningstar’s Analysis ANGIX

Will ANGIX 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 ANGIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ANGIX 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 ANGIX’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 Angel Oak Multi-Strategy Income Instl 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-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings ANGIX

More ANGIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Lsalt 2019-1B Pt

3.10 88.0 Mil
Securitized

Federal National Mortgage Association

1.59 45.2 Mil
Securitized

Goldman Sachs Mtg Pass Thru Tr 2022-1 4.32%

1.58 45.0 Mil
Securitized

Government National Mortgage Association

1.57 44.7 Mil
Securitized

Government National Mortgage Association

1.54 43.9 Mil
Securitized

GS MORTGAGE-BACKED SECURITIES TRUST 2022-LTV1 3%

1.47 41.8 Mil
Securitized

Government National Mortgage Association 5%

1.33 37.7 Mil
Securitized

Government National Mortgage Association 5%

1.32 37.5 Mil
Securitized

Angel Oak High Yield Opportunities ETF

1.28 36.3 Mil
—

Saluda Grade Lsalt 2022-Seq2 0%

1.24 35.1 Mil
Securitized

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