Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
Angel Oak Multi-Strategy Income C ANGCX
- NAV / 1-Day Return 8.37 / +0.25 %
- Total Assets 2.6 Bil
-
Adj. Expense Ratio
- Expense Ratio 2.540%
- Distribution Fee Level High
- Share Class Type Level Load
- Category Multisector Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 5.00%
- Effective Duration 4.18 years
USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:14 PM GMT+0
Morningstar’s Analysis ANGCX
Will ANGCX 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 24.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
10 Year Treasury Note Future June 24 | 9.04 | 262.1 Mil | Government |
Lsalt 2019-1B Pt | 3.15 | 91.2 Mil | Securitized |
First American Government Obligs U | 2.60 | 75.4 Mil | Cash and Equivalents |
5 Year Treasury Note Future June 24 | 2.13 | 61.8 Mil | Government |
Goldman Sachs Mtg Pass Thru Tr 2022-1 4.26% | 1.59 | 46.2 Mil | Securitized |
Government National Mortgage Association | 1.55 | 45.0 Mil | Securitized |
Government National Mortgage Association | 1.53 | 44.3 Mil | Securitized |
GS MORTGAGE-BACKED SECURITIES TRUST 2022-LTV1 3% | 1.45 | 41.9 Mil | Securitized |
Angel Oak Financials Income Impact Ins | 1.38 | 39.9 Mil | — |
Government National Mortgage Association 5% | 1.33 | 38.6 Mil | Securitized |