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Morningstar

Angel Oak UltraShort Income Instl AOUIX

Morningstar Medalist Rating
Medalist Rating as of | See Angel Oak Investment Hub
  • NAV / 1-Day Return 9.58  /  0.01 %
  • Total Assets 593.8 Mil
  • Adj. Expense Ratio
    0.350%
  • Expense Ratio 0.350%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 3.20%
  • Effective Duration 0.85 years

USD | NAV as of Jun 07, 2023 | 1-Day Return as of Jun 07, 2023, 11:48 PM GMT+0

Morningstar’s Analysis AOUIX

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

People Pillar

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

Angel Oak UltraShort Income Instl's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings AOUIX

More AOUIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 375
  • Other Holdings 6
  • % Assets in Top 10 Holdings −3.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

11.54
73,265,894
—

First American Government Obligs U

1.74
11,047,095
Cash and Equivalents

United States Treasury Bills 0%

1.55
9,852,833
Government

PAGAYA AI DEBT SELECTION TRUST 2.13%

1.52
9,678,090
Securitized

Springcastle I Spv Llc 1.97%

1.39
8,821,120
Securitized

GS MORTGAGE-BACKED SECURITIES TRUST 2021-PJ9 2.5%

1.18
7,498,703
Securitized

U.S. AUTO FUNDING TRUST 9.35%

1.05
6,649,792
Securitized

FIRST EAGLE COMMERCIAL FUNDING LLC 6.51%

1.00
6,356,874
Securitized

Federal Home Loan Mortgage Corporation 5.16%

0.98
6,234,033
Securitized

GLS Auto Receivables Issuer Trust 2019-1 4.94%

0.97
6,162,471
Securitized