Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.
Angel Oak Multi-Strategy Income A ANGLX
- NAV / 1-Day Return 8.75 / −0.10 %
- Total Assets 2.8 Bil
-
Adj. Expense Ratio
- Expense Ratio 2.140%
- Distribution Fee Level High
- Share Class Type Front Load
- Category Multisector Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 5.54%
- Effective Duration 4.18 years
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:50 PM GMT+0
Morningstar’s Analysis ANGLX
Will ANGLX 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 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 |