MBS – Angel Oak Mortgage-Backed Securities ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks total return. The fund will, under normal circumstances, invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in mortgage-backed securities (“MBS”). It may invest up to 20% of its net assets in a variety of asset classes, including: asset-backed securities (“ABS”). The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MBS	Angel Oak Mortgage-Backed Securities ETF	ETF	Open			Jun 4, 2021	$185.92M	0.490%	—	—	$46.45M

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