XFINX: Angel Oak Financial Strats Income Term

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XFINX Angel Oak Financial Strats Income Term


Profile

XFINX - Profile

Vitals

  • YTD Return -9.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $215 M
  • Holdings in Top 10 29.1%

52 WEEK LOW AND HIGH

$18.41
$18.21
$20.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.41%

SALES FEES

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

BROKERAGE FEES

  • Turnover 21.14%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

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

Distributions

  • YTD Total Return -9.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.08%
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
    11519934
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Sreeniwas (Sreeni) Prabhu

Fund Description

N/A


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Categories

Performance

XFINX - Performance

Return Ranking - Trailing

Period XFINX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.1% -21.7% 2.0% 91.03%
1 Yr N/A -28.2% 11.6% N/A
3 Yr N/A* -14.7% 2.2% N/A
5 Yr N/A* -3.7% 3.1% N/A
10 Yr N/A* -2.2% 2.8% N/A

* Annualized

Return Ranking - Calendar

Period XFINX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -3.9% 14.2% N/A
2018 N/A -14.6% 0.3% N/A
2017 N/A -3.5% 5.3% N/A
2016 N/A -0.7% 35.8% N/A
2015 N/A -11.7% 1.3% N/A

Total Return Ranking - Trailing

Period XFINX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.1% -21.7% 2.0% 91.03%
1 Yr N/A -28.2% 11.6% N/A
3 Yr N/A* -14.7% 4.8% N/A
5 Yr N/A* -3.7% 5.2% N/A
10 Yr N/A* -2.2% 5.5% N/A

* Annualized

Total Return Ranking - Calendar

Period XFINX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -3.9% 14.2% N/A
2018 N/A -14.6% 0.3% N/A
2017 N/A -3.5% 7.2% N/A
2016 N/A -0.7% 35.8% N/A
2015 N/A -11.7% 3.1% N/A

NAV & Total Return History


Holdings

XFINX - Holdings

Concentration Analysis

XFINX Category Low Category High XFINX % Rank
Net Assets 215 M 3.5 M 16.6 B 72.37%
Number of Holdings 118 31 2218 82.05%
Net Assets in Top 10 89 M -29.1 M 9.28 B 37.18%
Weighting of Top 10 29.07% 8.1% 58.9% 36.36%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High XFINX % Rank
Bonds
86.20% 30.60% 167.41% 83.33%
Preferred Stocks
9.21% 0.00% 28.32% 8.97%
Cash
4.59% -72.89% 20.90% 19.23%
Stocks
0.00% 0.00% 2.16% 98.72%
Other
0.00% -35.32% 3.76% 85.90%
Convertible Bonds
0.00% 0.00% 58.19% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High XFINX % Rank
Corporate
72.86% 27.24% 99.23% 78.21%
Cash & Equivalents
27.14% 0.32% 27.14% 1.28%
Derivative
0.00% 0.00% 54.31% 98.72%
Securitized
0.00% 0.00% 25.81% 100.00%
Municipal
0.00% 0.00% 4.69% 100.00%
Government
0.00% 0.00% 34.70% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High XFINX % Rank
US
83.06% 28.30% 137.80% 25.64%
Non US
3.14% 0.00% 126.53% 92.31%

Expenses

XFINX - Expenses

Operational Fees

XFINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.41% 0.03% 9.81% 8.00%
Management Fee 1.35% 0.00% 1.44% 98.72%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 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 0.85% 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 21.14% 2.00% 149.00% 20.27%

Distributions

XFINX - Distributions

Dividend Yield Analysis

XFINX Category Low Category High XFINX % Rank
Dividend Yield 0.00% 0.00% 3.77% 98.72%

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 4.08% 1.54% 7.25% 18.42%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

XFINX - Fund Manager Analysis

Managers

Sreeniwas (Sreeni) Prabhu


Start Date

Tenure

Tenure Rank

May 29, 2019

0.92

0.9%

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

0.92

0.9%

Navid Abghari is a Senior Portfolio Manager of Angel Oak Capital Advisors, LLC. Prior to joining the firm in 2015, Mr. Abghari was an Executive Director at J.P. Morgan Securities in New York where he was responsible for managing the U.S. bespoke tranche trading desk and U.S. hedging activities of the global bespoke tranche exposure. Mr. Abghari holds a B.B.A. in Economics and Finance from the University of Georgia, graduating Summa Cum Laude with Highest Honors.

Johannes Palsson


Start Date

Tenure

Tenure Rank

May 29, 2019

0.92

0.9%

Johannes Palsson is a Managing Director of Angel Oak Capital Advisors, LLC. Mr. Palsson’s primary focus is on investment research and management of community and regional bank debt across the firm’s strategies. Prior to joining the firm in 2011, Mr. Palsson served as chief financial officer for The Brand Banking Company, which he joined in 2003 and 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. Mr. Palsson holds a B.S. degree in Finance from Georgia State University and an M.B.A. from Emory University Goizueta Business School.

Cheryl Pate


Start Date

Tenure

Tenure Rank

Jun 07, 2019

0.9

0.9%

Cheryl Pate, CFA®, is a Portfolio Manager at Angel Oak Capital Advisors. Ms. Pate has more than 15 years’ experience in financial services and primarily focuses on investment research in the community and regional bank debt space. Ms. Pate joined Angel Oak Capital Advisors in 2017 from Morgan Stanley, where she spent 10 years in equity research focusing on the financial sector. Ms. Pate led the Consumer & Specialty Finance research team as an Executive Director and Senior Lead Analyst. Ms. Pate’s research coverage included the consumer finance, specialty finance, mortgage servicing/originations, mortgage REIT, payments, fintech and banking industries. Ms. Pate holds a B.S. in Commerce (Finance) from the University of British Columbia and an M.B.A. from Duke University’s Fuqua School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 22.67 6.83 0.57