Morningstar

Angel Oak UltraShort Income A AOUAX

Morningstar Medalist Rating
Medalist Rating as of | See Angel Oak Investment Hub
  • NAV / 1-Day Return 9.87  /  −0.09 %
  • Total Assets 451.1 Mil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.600%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.79%
  • Effective Duration 0.75 years

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

Morningstar’s Analysis AOUAX

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

  • People Pillar

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

Weakness in Angel Oak UltraShort Income A's Process and People Pillar ratings limits this strategy 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
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Portfolio Holdings AOUAX

More AOUAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −4.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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—

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