Angel Oak Total Return Bond Fund
Name
As of 02/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$32.4 M
Holdings in Top 10
28.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.17%
SALES FEES
Front Load 2.25%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
$500,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AOIIX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.06%
- Dividend Yield 4.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAngel Oak Total Return Bond Fund
-
Fund Family NameAngel Oak Funds
-
Inception DateJun 04, 2021
-
Shares Outstanding3998106
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerClayton Triick
Fund Description
AOIIX - Performance
Return Ranking - Trailing
Period | AOIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -4.1% | 3.5% | 4.77% |
1 Yr | N/A | -7.8% | 15.6% | 46.19% |
3 Yr | N/A* | -10.4% | 26.7% | N/A |
5 Yr | N/A* | -6.4% | 192.1% | N/A |
10 Yr | N/A* | -2.4% | 73.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | AOIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -16.2% | 8.1% | 90.34% |
2022 | -14.9% | -34.7% | 131.9% | 17.61% |
2021 | N/A | -11.6% | 4.4% | N/A |
2020 | N/A | -10.1% | 946.1% | N/A |
2019 | N/A | -1.7% | 156.4% | N/A |
Total Return Ranking - Trailing
Period | AOIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -4.1% | 3.5% | 4.77% |
1 Yr | N/A | -7.8% | 15.6% | 46.19% |
3 Yr | N/A* | -10.4% | 26.7% | N/A |
5 Yr | N/A* | -6.4% | 192.1% | N/A |
10 Yr | N/A* | -2.4% | 73.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | AOIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -11.3% | 11.0% | 58.72% |
2022 | -12.5% | -32.2% | 131.9% | 17.30% |
2021 | N/A | -9.4% | 9.2% | N/A |
2020 | N/A | -1.9% | 1009.0% | N/A |
2019 | N/A | 1.1% | 21668.0% | N/A |
NAV & Total Return History
AOIIX - Holdings
Concentration Analysis
AOIIX | Category Low | Category High | AOIIX % Rank | |
---|---|---|---|---|
Net Assets | 32.4 M | 2.73 M | 292 B | 95.24% |
Number of Holdings | 99 | 1 | 17889 | 94.84% |
Net Assets in Top 10 | 8.97 M | -106 M | 36.5 B | 96.60% |
Weighting of Top 10 | 28.28% | 4.4% | 134.5% | 39.53% |
Top 10 Holdings
- First American Government Obligations Fund 4.13%
- United States Treasury Note/Bond 3.12%
- Ginnie Mae II Pool 2.81%
- Freddie Mac Pool 2.73%
- Fannie Mae Pool 2.70%
- Freddie Mac Multifamily Structured Pass Through Certificates 2.67%
- Fannie Mae Pool 2.63%
- Ginnie Mae II Pool 2.63%
- PRPM 2021-RPL1 LLC 2.46%
- Ginnie Mae II Pool 2.39%
Asset Allocation
Weighting | Return Low | Return High | AOIIX % Rank | |
---|---|---|---|---|
Bonds | 83.83% | 0.00% | 215.98% | 85.24% |
Other | 10.04% | -13.23% | 58.65% | 24.42% |
Cash | 6.13% | -54.51% | 88.26% | 24.51% |
Stocks | 0.00% | 0.00% | 99.93% | 88.93% |
Preferred Stocks | 0.00% | 0.00% | 74.68% | 86.67% |
Convertible Bonds | 0.00% | 0.00% | 7.93% | 97.85% |
Bond Sector Breakdown
Weighting | Return Low | Return High | AOIIX % Rank | |
---|---|---|---|---|
Securitized | 69.67% | 0.00% | 98.40% | 6.37% |
Corporate | 24.73% | 0.00% | 100.00% | 69.44% |
Cash & Equivalents | 4.13% | 0.00% | 88.06% | 35.21% |
Municipal | 0.00% | 0.00% | 100.00% | 95.49% |
Government | 0.00% | 0.00% | 86.23% | 99.61% |
Derivative | -1.19% | -5.38% | 58.65% | 97.08% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | AOIIX % Rank | |
---|---|---|---|---|
US | 83.83% | 0.00% | 215.98% | 79.86% |
Non US | 0.00% | 0.00% | 39.04% | 88.42% |
AOIIX - Expenses
Operational Fees
AOIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.17% | 0.01% | 39.10% | 19.22% |
Management Fee | 0.50% | 0.00% | 1.76% | 90.96% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 12.50% |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
AOIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 2.25% | 2.00% | 5.75% | 96.48% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AOIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
AOIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 493.39% | N/A |
AOIIX - Distributions
Dividend Yield Analysis
AOIIX | Category Low | Category High | AOIIX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.36% | 0.00% | 9.46% | 23.79% |
Dividend Distribution Analysis
AOIIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
AOIIX | Category Low | Category High | AOIIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.06% | -1.28% | 4.79% | 86.20% |
Capital Gain Distribution Analysis
AOIIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jan 31, 2024 | $0.031 | OrdinaryDividend |
Dec 29, 2023 | $0.033 | OrdinaryDividend |
Nov 30, 2023 | $0.030 | OrdinaryDividend |
Oct 31, 2023 | $0.031 | OrdinaryDividend |
Sep 29, 2023 | $0.031 | OrdinaryDividend |
Aug 31, 2023 | $0.032 | OrdinaryDividend |
Jul 31, 2023 | $0.032 | OrdinaryDividend |
Jun 30, 2023 | $0.032 | OrdinaryDividend |
May 31, 2023 | $0.036 | OrdinaryDividend |
Apr 28, 2023 | $0.035 | OrdinaryDividend |
Mar 31, 2023 | $0.034 | OrdinaryDividend |
Feb 28, 2023 | $0.026 | OrdinaryDividend |
Jan 31, 2023 | $0.027 | OrdinaryDividend |
Dec 30, 2022 | $0.027 | OrdinaryDividend |
Dec 28, 2022 | $0.005 | OrdinaryDividend |
Nov 30, 2022 | $0.023 | OrdinaryDividend |
Oct 31, 2022 | $0.022 | OrdinaryDividend |
Sep 30, 2022 | $0.021 | OrdinaryDividend |
Aug 31, 2022 | $0.022 | OrdinaryDividend |
Jul 29, 2022 | $0.021 | OrdinaryDividend |
Jun 30, 2022 | $0.018 | OrdinaryDividend |
May 31, 2022 | $0.018 | OrdinaryDividend |
Apr 29, 2022 | $0.015 | OrdinaryDividend |
Mar 31, 2022 | $0.016 | OrdinaryDividend |
Feb 28, 2022 | $0.014 | OrdinaryDividend |
Jan 31, 2022 | $0.014 | OrdinaryDividend |
Dec 31, 2021 | $0.015 | OrdinaryDividend |
Dec 29, 2021 | $0.004 | OrdinaryDividend |
Nov 30, 2021 | $0.014 | OrdinaryDividend |
Oct 29, 2021 | $0.013 | OrdinaryDividend |
Sep 30, 2021 | $0.012 | OrdinaryDividend |
Aug 31, 2021 | $0.011 | OrdinaryDividend |
Jul 30, 2021 | $0.012 | OrdinaryDividend |
Jun 30, 2021 | $0.010 | OrdinaryDividend |
AOIIX - Fund Manager Analysis
Managers
Clayton Triick
Start Date
Tenure
Tenure Rank
Jun 04, 2021
0.99
1.0%
Clayton is a Senior Portfolio Manager at Angel Oak Capital and serves as a Portfolio Manager for the UltraShort Income Fund, the Multi-Strategy Income Fund and the Multi-Strategy Income UCITS Fund. He is a Portfolio Manager within the non-agency and agency residential mortgage-backed securities markets and focuses on cross asset fund allocation and interest rate risk management of Angel Oak’s funds and institutional separately managed accounts. Clayton has been in the investment management industry since 2008 and has experience across multiple sectors of fixed income. Prior to joining Angel Oak in 2011, he worked for YieldQuest Advisors, where he was a member of the investment committee focusing on the interest rate risk, currency risk, and commodity exposures of the portfolios alongside directly managing the closed-end fund allocations within the portfolios and individual accounts. Clayton holds a B.B.A. degree in Finance from the Farmer School of Business at Miami University in Oxford, Ohio and holds the Chartered Financial Analyst (CFA®) designation.
Colin McBurnette
Start Date
Tenure
Tenure Rank
Jun 04, 2021
0.99
1.0%
Colin is a Senior Portfolio Manager at Angel Oak Capital and serves as a Portfolio Manager for the Multi-Strategy Income Fund, the UltraShort Income Fund, the Strategic Credit Fund, and the Strategic Mortgage Income Fund. He also focuses on security and portfolio analytics and is responsible for building and managing strategies within the residential mortgage-backed securities market. Colin joined Angel Oak in 2012, and serves as a voting member of the firm’s public funds Investment Committee. He is also a speaker on many of the firm’s quarterly calls for both its private and public funds. Prior to Angel Oak, Colin worked for Prodigus Capital Management where he was responsible for the acquisition and management of their distressed debt portfolio, as well as the development of their proprietary financial technology platform. Previously, Colin worked in the Real Estate Capital Markets group for Wachovia Bank and Wells Fargo where he focused on risk management for their commercial real estate REPO lines. Colin holds B.B.A. degrees in Banking & Finance and Real Estate from the Terry College of Business at the University of Georgia.
Sam Dunlap
Start Date
Tenure
Tenure Rank
Jun 04, 2021
0.99
1.0%
Mr. Sam Dunlap serves as Managing Director and Senior Portfolio Manager at Angel Oak Capital Advisors. He is also responsible for managing the separately managed accounts for Angel Oak clients, primarily depository institutions, and focuses on building and managing strategies within the residential mortgage-backed securities market. Sam joined Angel Oak in 2009. He serves as a voting member of the firm's public funds Investment Committee and is a board member of the Angel Oak Funds Trust. He has also been featured as a television guest on CNBC, Fox Business, and Bloomberg. Sam began his capital markets career in 2002 and has investment experience across multiple sectors of the fixed income market. Prior to joining Angel Oak, he was with SunTrust Robinson Humphrey where he focused on both interest rate hedging products and interest rate linked structured notes. Before SunTrust, Sam was at Wachovia in Charlotte, NC supporting the agency mortgage pass-through trading desk.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.43 | 6.83 | 1.16 |