Morningstar

Angel Oak UltraShort Income Fund Class A1 AOUNX

Morningstar Medalist Rating
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Medalist Rating as of See Angel Oak Investment Hub
  • NAV / 1-Day Return$9.79  /  0.00
  • Fund Size$831.9M
  • Adjusted Expense Ratio0.600%
  • Net Expense Ratio0.600%
  • Fee Level: DistributionAverage
  • Share Class TypeFront Load
  • Morningstar CategoryUltrashort Bond
  • Fixed-Income Style Box (Funds)Medium/Limited
  • Minimum Initial Investment$1,000
  • Investment StatusOpen
  • TTM Yield4.35%
  • Average Effective Duration0.81 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis AOUNX

Will AOUNX outperform in the 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 AOUNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Angel Oak UltraShort Income A1 holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

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Portfolio Holdings AOUNX

More AOUNX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings4.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

4.1135M
—

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 4.2%

1.8916M
Securitized

First American Government Obligs U

1.8416M
Cash and Equivalents

BAIN CAPITAL CREDIT CLO LIMITED(KY 4.88%

1.2310M
Securitized

Federal Home Loan Mortgage Corp. 3.85%

0.988M
Securitized

Federal Home Loan Mortgage Corp. 4.06%

0.928M
Securitized

PRET 2026-RN2 LLC 5.77%

0.787M
Securitized

BCRED MML CLO 2022-1 5.38%

0.787M
Securitized

Golub Capital Partners Short Duration 2022-1-R 5.81%

0.776M
Securitized

BLACKROCK DLF X 2025-C CLO LP 6.09%

0.756M
Securitized

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