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Morningstar

Angel Oak Financials Income Impact Ins ANFIX

Morningstar Medalist Rating
Medalist Rating as of | See Angel Oak Investment Hub
  • NAV / 1-Day Return 7.73  /  −0.08 %
  • Total Assets 65.8 Mil
  • Adj. Expense Ratio
    0.690%
  • Expense Ratio 0.700%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 5.17%
  • Effective Duration 1.88 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis ANFIX

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

  • People Pillar

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

Weakness in Angel Oak Financials Income Impact Ins's People and Process 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-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ANFIX

More ANFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 30.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs U

11.39 8.6 Mil
Cash and Equivalents

Kingstone Companies Inc 12%

5.10 3.9 Mil
Corporate

Marble Point Loan Financing Ltd / MPLF Funding I Llc 7.5%

4.41 3.3 Mil
Corporate

RBB Bancorp. 4%

3.45 2.6 Mil
Corporate

Fidelity Financial Corp 5%

3.30 2.5 Mil
Corporate

NexBank Capital, Inc. 4%

3.18 2.4 Mil
Corporate

Flushing Financial Corp. 3.13%

3.16 2.4 Mil
Corporate

U.S. Bancorp. 5.84%

2.69 2.0 Mil
Corporate

JPMorgan Chase & Co. 5.3%

2.66 2.0 Mil
Corporate

Wells Fargo Bank, National Association 5.55%

2.65 2.0 Mil
Corporate