Skip to Content
Morningstar

Angel Oak Multi-Strategy Income Instl ANGIX

Morningstar Medalist Rating
Medalist Rating as of | See Angel Oak Investment Hub
  • NAV / 1-Day Return 8.40  /  +0.14 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.980%
  • Expense Ratio 1.540%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 5.89%
  • Effective Duration 4.18 years

USD | NAV as of Apr 20, 2024 | 1-Day Return as of Apr 20, 2024, 12:17 AM GMT+0

Morningstar’s Analysis ANGIX

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

  • People Pillar

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

Weakness in Angel Oak Multi-Strategy Income Instl'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
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings ANGIX

More ANGIX Holdings
  • 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