XFINX: Angel Oak Financial Strats Income Term - MutualFunds.com
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Angel Oak Financial Strats Income Term

XFINX - Snapshot

Vitals

  • YTD Return 1.7%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $288 M
  • Holdings in Top 10 21.5%

52 WEEK LOW AND HIGH

$18.93
$18.32
$18.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.34%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.55%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Closed-end mutual fund
  • Investment Style Corporate Bond

Compare XFINX to Popular Corporate Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$93.91

+0.11%

$46.68 B

2.42%

$2.27

-3.18%

0.05%

$31.31

+0.13%

$46.68 B

2.42%

$0.76

-3.10%

0.05%

$131.45

+0.12%

$41.14 B

2.83%

$3.72

-4.66%

0.14%

$10.11

+0.10%

$36.03 B

2.44%

$0.25

-3.44%

0.20%

$10.86

+0.09%

$18.88 B

3.38%

$0.37

-3.81%

0.85%

XFINX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.19%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Angel Oak Financial Strats Income Term
  • Fund Family Name
    Angel Oak Capital Advisors, LLC
  • Inception Date
    May 29, 2019
  • Shares Outstanding
    15228998
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Sreeniwas (Sreeni) Prabhu

Fund Description

N/A


XFINX - Performance

Return Ranking - Trailing

Period XFINX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -6.7% 5.7% 1.33%
1 Yr 8.5% 1.3% 38.3% 19.55%
3 Yr N/A* 0.3% 9.8% N/A
5 Yr N/A* 1.5% 8.9% N/A
10 Yr N/A* 2.1% 7.6% N/A

* Annualized

Return Ranking - Calendar

Period XFINX Return Category Return Low Category Return High Rank in Category (%)
2020 -8.0% -13.0% 10.6% 99.53%
2019 N/A -3.9% 19.2% N/A
2018 N/A -52.7% -2.0% N/A
2017 N/A -3.5% 9.5% N/A
2016 N/A -0.7% 35.8% N/A

Total Return Ranking - Trailing

Period XFINX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -7.0% 5.7% 1.33%
1 Yr 8.5% -2.2% 38.3% 17.73%
3 Yr N/A* 0.3% 9.8% N/A
5 Yr N/A* 1.5% 8.9% N/A
10 Yr N/A* 2.1% 7.6% N/A

* Annualized

Total Return Ranking - Calendar

Period XFINX Return Category Return Low Category Return High Rank in Category (%)
2020 -8.0% -13.0% 10.6% 99.53%
2019 N/A -3.9% 19.2% N/A
2018 N/A -14.6% 92.1% N/A
2017 N/A -3.5% 9.5% N/A
2016 N/A -0.7% 35.8% N/A

NAV & Total Return History


XFINX - Holdings

Concentration Analysis

XFINX Category Low Category High XFINX % Rank
Net Assets 288 M 7.64 M 46.7 B 63.60%
Number of Holdings 192 4 8105 88.21%
Net Assets in Top 10 86.1 M -30.3 M 3.43 B 44.10%
Weighting of Top 10 21.51% 1.5% 100.0% 23.68%

Top 10 Holdings

  1. Fidelity Bank 5.88% 3.15%
  2. First Business Fin 5.5% 2.80%
  3. BankGuam Holding Company 6.35% 2.33%
  4. Luther Burbank Corporation 6.5% 2.16%
  5. CLEAR BLUE FINANCIAL HOLDINGS LLC 7% 2.09%
  6. Triumph Bancorp, Inc. 4.88% 1.98%
  7. Banterra Bank of Marion 6% 1.94%
  8. First Internet Bancorp 6% 1.91%
  9. EQUITY BANCSHARES INC 7% 1.90%
  10. First Southwest Corporation 6.35% 1.82%

Asset Allocation

Weighting Return Low Return High XFINX % Rank
Bonds
90.81% 27.54% 128.75% 79.91%
Preferred Stocks
7.75% 0.00% 7.75% 0.44%
Cash
0.81% -39.96% 13.35% 62.88%
Stocks
0.52% -0.02% 4.82% 1.31%
Other
0.11% -38.92% 4.28% 1.75%
Convertible Bonds
0.00% 0.00% 64.79% 99.13%

Stock Sector Breakdown

Weighting Return Low Return High XFINX % Rank
Real Estate
87.90% 0.00% 87.90% 2.00%
Financial Services
12.10% 0.00% 100.00% 42.00%
Utilities
0.00% 0.00% 100.00% 84.00%
Technology
0.00% 0.00% 43.91% 78.00%
Industrials
0.00% 0.00% 13.55% 78.00%
Healthcare
0.00% 0.00% 14.74% 80.00%
Energy
0.00% 0.00% 100.00% 84.00%
Communication Services
0.00% 0.00% 21.22% 80.00%
Consumer Defense
0.00% 0.00% 7.38% 78.00%
Consumer Cyclical
0.00% 0.00% 100.00% 86.00%
Basic Materials
0.00% 0.00% 14.23% 80.00%

Stock Geographic Breakdown

Weighting Return Low Return High XFINX % Rank
US
0.52% -0.02% 4.79% 1.31%
Non US
0.00% 0.00% 0.27% 71.62%

Bond Sector Breakdown

Weighting Return Low Return High XFINX % Rank
Corporate
75.90% 44.07% 100.00% 87.77%
Cash & Equivalents
23.65% 0.00% 23.65% 0.44%
Securitized
0.44% 0.00% 20.94% 44.10%
Derivative
0.00% 0.00% 25.44% 75.98%
Municipal
0.00% 0.00% 4.27% 87.77%
Government
0.00% 0.00% 31.26% 93.45%

Bond Geographic Breakdown

Weighting Return Low Return High XFINX % Rank
US
86.38% 23.82% 122.90% 13.10%
Non US
4.43% 0.00% 41.31% 94.76%

XFINX - Expenses

Operational Fees

XFINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.34% 0.03% 8.55% 3.76%
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 0.01% 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% 5.50% 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 24.55% 0.00% 241.00% 13.30%

XFINX - Distributions

Dividend Yield Analysis

XFINX Category Low Category High XFINX % Rank
Dividend Yield 0.00% 0.00% 2.54% 74.24%

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 4.19% -1.57% 8.62% 2.71%

Capital Gain Distribution Analysis

XFINX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History

View More +

XFINX - Fund Manager Analysis

Managers

Sreeniwas (Sreeni) Prabhu


Start Date

Tenure

Tenure Rank

May 29, 2019

1.92

1.9%

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.

Navid Abghari


Start Date

Tenure

Tenure Rank

May 29, 2019

1.92

1.9%

Navid 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. He has over 10 years of experience in fixed income markets, focusing on corporate credit trading, risk management, credit derivatives and structured products. Prior to joining Angel Oak in 2015, Navid was an Executive Director at J.P. Morgan Securities in New York, where he was head of Americas synthetic collateralized debt obligation (CDO) trading. He oversaw the modeling and risk systems for the global tranche business, directed the U.S. hedging activities of the global tranche book, was market maker for synthetic CDOs and master asset vehicle notes (Canadian asset-backed commercial paper), and ran the U.S. index basis book. In his time at J.P. Morgan, Navid was responsible for some of the most complex credit transactions, which included large credit portfolio buyouts, regulatory capital trades, counterparty risk-hedging trades, levered tranches, options on tranches, hybrid cash and synthetic CDOs, derivative product company equity, synthetic portfolio insurance, constant proportion debt obligations, CDO-squared and forward-starting tranches, fixed recovery tranches, knock-ins/knock-outs and several other complex transactions. Navid holds B.B.A. degrees in both Finance and Economics from the University of Georgia, graduating summa cum laude with Highest Honors.

Johannes Palsson


Start Date

Tenure

Tenure Rank

May 29, 2019

1.92

1.9%

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

1.9

1.9%

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
0.08 23.67 5.81 1.33