Morningstar

Angel Oak Multi-Strategy Income Fund Institutional Shares ANGIX

Medalist Rating as of Sep 30, 2026 See Angel Oak Investment Hub

Strategy

The investment seeks current income. The fund invests primarily in agency and non-agency residential mortgage-backed securities (“RMBS”), commercial mortgage-backed securities (“CMBS”), collateralized loan obligations (“CLOs”), collateralized debt obligations (“CDOs”), collateralized mortgage obligations (“CMOs”), collateralized bond obligations (“CBOs”), asset-backed securities (“ABS”). The fund may invest, without limitation, in securities of any maturity and duration. The fund may invest in high-yield securities and securities that are not rated by any rating agencies.

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
ANGIX	Angel Oak Multi-Strategy Income Fund Institutional Shares	Institutional	Open			Aug 16, 2012	$2.21B	0.990%	High	$500,000	−$314.31M
ANGLX	Angel Oak Multi-Strategy Income Fund A Shares	Front Load	Open			Jun 28, 2011	$116.26M	1.240%	High	$1,000	−$42.37M
ANGCX	Angel Oak Multi-Strategy Income Fund Class C	Level Load	Open			Aug 4, 2015	$21.01M	1.990%	High	$1,000	−$6.92M

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