Angel Oak Financials Income Fund (ANFIX)
The investment seeks current income with a secondary objective of total return. The fund invests primarily in debt issued by financial institutions, including subordinated debt (sub-debt), senior debt, preferred securities, high yield securities and trust-preferred securities (TruPS). It will under normal circumstances, invest at least 80% of the value of its net assets plus the amount of any borrowings for investment purposes in the securities of financial institutions (measured at the time of purchase).
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Angel Oak Financials Income Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $11,575 for a total return of roughly 15.75%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Angel Oak Financials Income Fund had a return of -0.36% year-to-date (YTD) and -6.00% in the last 12 months. Over the past 10 years, Angel Oak Financials Income Fund had an annualized return of 1.77%, while the S&P 500 had an annualized return of 8.26%, indicating that Angel Oak Financials Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -1.37% | -5.31% |
| Year-To-Date | -0.36% | 2.01% |
| 6 months | -2.24% | 0.39% |
| 1 year | -6.00% | -10.12% |
| 5 years (annualized) | 1.01% | 7.32% |
| 10 years (annualized) | 1.77% | 8.26% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.40% | -0.37% | ||||||||||
| 2022 | -2.50% | -0.40% | 1.20% | -1.81% |
Dividend History
Angel Oak Financials Income Fund granted a 5.40% dividend yield in the last twelve months. The annual payout for that period amounted to $0.43 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.34 | $0.35 | $0.42 | $0.43 | $0.45 | $0.43 | $0.49 | $0.45 | $0.06 |
Dividend yield | 5.40% | 4.23% | 4.05% | 5.24% | 5.22% | 5.73% | 5.69% | 6.84% | 6.25% | 0.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Angel Oak Financials Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.03 | $0.03 | ||||||||||
| 2022 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 |
| 2015 | $0.02 | $0.01 | $0.03 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 |
| 2014 | $0.06 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Angel Oak Financials Income Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Angel Oak Financials Income Fund is 12.23%, recorded on Feb 12, 2016. It took 326 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.23% | Jun 22, 2015 | 164 | Feb 12, 2016 | 326 | May 31, 2017 | 490 |
| -9.97% | Mar 9, 2020 | 54 | May 22, 2020 | 365 | Nov 2, 2021 | 419 |
| -7.48% | Mar 2, 2022 | 262 | Mar 16, 2023 | — | — | — |
| -1.09% | Dec 8, 2014 | 7 | Dec 16, 2014 | 16 | Jan 9, 2015 | 23 |
| -0.95% | Sep 5, 2019 | 7 | Sep 13, 2019 | 12 | Oct 1, 2019 | 19 |
| -0.86% | Jan 3, 2022 | 30 | Feb 14, 2022 | 10 | Mar 1, 2022 | 40 |
| -0.69% | Nov 18, 2014 | 8 | Nov 28, 2014 | 5 | Dec 5, 2014 | 13 |
| -0.64% | Apr 3, 2018 | 17 | Apr 25, 2018 | 6 | May 3, 2018 | 23 |
| -0.55% | Nov 10, 2021 | 5 | Nov 16, 2021 | 9 | Nov 30, 2021 | 14 |
| -0.54% | Jan 4, 2019 | 16 | Jan 28, 2019 | 3 | Jan 31, 2019 | 19 |
Volatility Chart
Current Angel Oak Financials Income Fund volatility is 4.73%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.