Angel Oak Financial Strategies Income Term Trust of Benef. Interest
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$14.01
$338 M
0.00%
3.22%
Vitals
YTD Return
2.1%
1 yr return
2.8%
3 Yr Avg Return
-7.8%
5 Yr Avg Return
-7.1%
Net Assets
$338 M
Holdings in Top 10
17.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 3.22%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 13.82%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$14.01
$338 M
0.00%
3.22%
XFINX - Profile
Distributions
- YTD Total Return 2.1%
- 3 Yr Annualized Total Return -7.8%
- 5 Yr Annualized Total Return -7.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.97%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAngel Oak Financial Strategies Income Term Trust of Benef. Interest
-
Fund Family NameAngel Oak Capital Advisors, LLC
-
Inception DateJun 05, 2019
-
Shares Outstanding20305331
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerSreeniwas (Sreeni) Prabhu
Fund Description
XFINX - Performance
Return Ranking - Trailing
Period | XFINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -1.4% | 6.9% | 77.59% |
1 Yr | 2.8% | 3.7% | 18.9% | 100.00% |
3 Yr | -7.8%* | -7.9% | 40.5% | 99.42% |
5 Yr | -7.1%* | -7.1% | 25.3% | 100.00% |
10 Yr | N/A* | -0.1% | 14.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | XFINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -5.6% | -5.6% | 6.3% | 100.00% |
2022 | -18.1% | -28.7% | 142.1% | 38.73% |
2021 | -4.8% | -12.3% | 4.9% | 62.94% |
2020 | -8.0% | -8.0% | 10.6% | 100.00% |
2019 | N/A | 4.3% | 13.4% | N/A |
Total Return Ranking - Trailing
Period | XFINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -1.4% | 6.9% | 77.59% |
1 Yr | 2.8% | 3.7% | 18.9% | 100.00% |
3 Yr | -7.8%* | -7.9% | 40.5% | 99.42% |
5 Yr | -7.1%* | -7.1% | 25.3% | 100.00% |
10 Yr | N/A* | -0.1% | 14.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | XFINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -5.6% | -5.6% | 12.9% | 100.00% |
2022 | -18.1% | -25.6% | 151.8% | 95.95% |
2021 | -4.8% | -5.1% | 7.5% | 99.41% |
2020 | -8.0% | -8.0% | 116.0% | 100.00% |
2019 | N/A | 6.7% | 17.4% | N/A |
NAV & Total Return History
XFINX - Holdings
Concentration Analysis
XFINX | Category Low | Category High | XFINX % Rank | |
---|---|---|---|---|
Net Assets | 338 M | 4.83 M | 47.3 B | 69.54% |
Number of Holdings | 201 | 4 | 10364 | 90.23% |
Net Assets in Top 10 | 83.8 M | -29.6 M | 3.03 B | 54.02% |
Weighting of Top 10 | 17.30% | 1.7% | 143.7% | 32.18% |
Top 10 Holdings
- Ameris Bank 5.88% 2.54%
- First Business Financial Services Inc. 5.5% 2.29%
- Luther Burbank Corporation 6.5% 2.11%
- CLEAR BLUE FINANCIAL HOLDINGS LLC 7% 2.09%
- EQUITY BANCSHARES INC 7% 1.90%
- BankGuam Holding Company 6.35% 1.87%
- BYLINE BANCORP INC 6% 1.74%
- Triumph Bancorp, Inc. 4.88% 1.67%
- Equity Bancshares Inc 7% 1.66%
- Bank of Commerce Holdings 6.88% 1.63%
Asset Allocation
Weighting | Return Low | Return High | XFINX % Rank | |
---|---|---|---|---|
Bonds | 90.07% | 0.00% | 136.47% | 94.25% |
Preferred Stocks | 9.18% | 0.00% | 9.18% | 0.57% |
Stocks | 0.39% | 0.00% | 99.98% | 9.77% |
Convertible Bonds | 0.38% | 0.00% | 78.47% | 89.66% |
Other | 0.00% | -4.61% | 11.28% | 83.91% |
Cash | -0.01% | -43.80% | 45.89% | 99.43% |
Stock Sector Breakdown
Weighting | Return Low | Return High | XFINX % Rank | |
---|---|---|---|---|
Real Estate | 100.00% | 0.00% | 100.00% | 4.35% |
Utilities | 0.00% | 0.00% | 100.00% | 65.22% |
Technology | 0.00% | 0.00% | 24.68% | 52.17% |
Industrials | 0.00% | 0.00% | 8.34% | 60.87% |
Healthcare | 0.00% | 0.00% | 14.32% | 60.87% |
Financial Services | 0.00% | 0.00% | 100.00% | 86.96% |
Energy | 0.00% | 0.00% | 4.21% | 52.17% |
Communication Services | 0.00% | 0.00% | 8.64% | 52.17% |
Consumer Defense | 0.00% | 0.00% | 7.33% | 52.17% |
Consumer Cyclical | 0.00% | 0.00% | 11.22% | 69.57% |
Basic Materials | 0.00% | 0.00% | 3.60% | 69.57% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | XFINX % Rank | |
---|---|---|---|---|
US | 0.39% | 0.00% | 99.98% | 9.77% |
Non US | 0.00% | 0.00% | 0.00% | 54.02% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XFINX % Rank | |
---|---|---|---|---|
Corporate | 88.70% | 41.80% | 99.52% | 39.66% |
Cash & Equivalents | 11.30% | 0.00% | 45.89% | 4.60% |
Derivative | 0.00% | -2.67% | 2.14% | 70.11% |
Securitized | 0.00% | 0.00% | 23.18% | 93.10% |
Municipal | 0.00% | 0.00% | 3.62% | 84.48% |
Government | 0.00% | 0.00% | 25.63% | 97.13% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XFINX % Rank | |
---|---|---|---|---|
US | 86.59% | 0.00% | 110.12% | 90.80% |
Non US | 3.48% | 0.00% | 47.05% | 10.34% |
XFINX - Expenses
Operational Fees
XFINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.22% | 0.03% | 4.24% | 1.75% |
Management Fee | 1.35% | 0.00% | 1.35% | 100.00% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.45% | N/A |
Sales Fees
XFINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
XFINX 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.
XFINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 13.82% | 0.00% | 259.00% | 6.98% |
XFINX - Distributions
Dividend Yield Analysis
XFINX | Category Low | Category High | XFINX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 6.00% | 99.43% |
Dividend Distribution Analysis
XFINX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
XFINX | Category Low | Category High | XFINX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.97% | 0.38% | 5.93% | 1.16% |
Capital Gain Distribution Analysis
XFINX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
XFINX - Fund Manager Analysis
Managers
Sreeniwas (Sreeni) Prabhu
Start Date
Tenure
Tenure Rank
May 29, 2019
3.01
3.0%
Sreeni is a co-founder, Managing Partner and Chief Investment Officer at Angel Oak Capital and is responsible for the overall investment strategy of the firm. Prior to Angel Oak, Sreeni was the Chief Investment Officer of the investment portfolio at Washington Mutual Bank in Seattle where he managed a $25 billion portfolio. He was also part of the macro asset strategy team at the bank. Sreeni previously worked for six years at SunTrust Bank in Atlanta, where he was responsible for investment strategies and served as Head Portfolio Manager for the $3 billion commercial mortgage-backed securities portfolio. He began his career at SunTrust in 1998 as a Bank Analyst focused on asset/liability management and liquidity strategies. Sreeni holds a B.B.A. degree in Economics from Georgia College and State University and an M.B.A. in Finance from Georgia State University.
Johannes Palsson
Start Date
Tenure
Tenure Rank
May 29, 2019
3.01
3.0%
Johannes is a Senior Portfolio Manager at Angel Oak Capital and a Portfolio Manager for the Financials Income Fund, Financial Strategies Income Term Trust and the Dynamic Financial Strategies Income Term Trust. Johannes’ primary focus is on investment research and management of community and regional bank debt across the firm’s strategies. Prior to joining Angel Oak in 2011, Johannes served as Chief Financial Officer for The Brand Banking Company, where he managed the overall finance function. He began his career at SunTrust Robinson Humphrey in 1996, where the scope of his responsibilities included interest rate risk modeling and investment strategies. Johannes holds a B.S. degree in Finance from Georgia State University and an M.B.A. from Emory University’s Goizueta Business School.
Cheryl Pate
Start Date
Tenure
Tenure Rank
Jun 07, 2019
2.98
3.0%
Cheryl is a Portfolio Manager at Angel Oak Capital and serves as a Portfolio Manager for the Financials Income Fund, Financial Strategies Income Term Trust and the Dynamic Financial Strategies Income Term Trust. Cheryl has more than 15 years’ experience in financial services and primarily focuses on investment research and credit underwriting, particularly in the non-bank financials and community banking sectors. Cheryl joined Angel Oak in 2017 from Morgan Stanley, where she was an Executive Director and Head of Consumer & Specialty Finance Equity Research. Her research coverage included the consumer finance, specialty finance, mortgage servicing/originations, mortgage REIT, payments, fintech and banking industries. Cheryl holds an M.B.A. from Duke University’s Fuqua School of Business and a B.S. in Commerce (Finance) from the University of British Columbia. She also holds the Chartered Financial Analyst (CFA) designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.33 | 24.76 | 6.78 | 2.47 |