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Morningstar

Angel Oak Total Return Bond Instl AOIIX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 8.69  /  0.11 %
  • Total Assets 34.7 Mil
  • Adj. Expense Ratio
    0.590%
  • Expense Ratio 0.590%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 2.83%
  • Effective Duration 6.42 years

USD | NAV as of Jan 28, 2023 | 1-Day Return as of Jan 28, 2023, 12:40 AM GMT+00:00

Morningstar’s Analysis AOIIX

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

People Pillar

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

Summary

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A lowering of its Process Pillar rating is the primary driver of Angel Oak Core Impact Ins's downgrade to a Morningstar Quantitative Rating of Neutral from Silver. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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