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).
Fund Info
| ISIN | US03463K2087 |
|---|---|
| CUSIP | 03463K208 |
| Issuer | Blackrock |
| Inception Date | Nov 3, 2014 |
| Category | Short-Term Bond |
| Min. Investment | $500,000 |
| Asset Class | Bond |
Expense Ratio
ANFIX features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Popular comparisons: ANFIX vs. XLV
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Angel Oak Financials Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 13.20% |
| 1 month | N/A | -1.28% |
| 6 months | N/A | 10.32% |
| 1 year | N/A | 18.23% |
| 5 years (annualized) | N/A | 12.31% |
| 10 years (annualized) | N/A | 10.58% |
Monthly Returns
The table below presents the monthly returns of ANFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.85% | 0.94% | 1.36% | 0.11% | 4.57% | ||||||||
| 2023 | 1.40% | -0.37% | -2.43% | -0.35% | -2.01% | -0.62% | 1.25% | 0.73% | -0.50% | -0.24% | 1.38% | 1.53% | -0.31% |
| 2022 | -0.31% | 0.18% | -0.91% | -0.92% | 0.23% | -1.39% | 1.04% | -1.51% | -2.51% | -0.40% | 1.20% | -1.81% | -6.94% |
| 2021 | 1.03% | 0.56% | 0.66% | 1.10% | 0.86% | 0.29% | 0.97% | 0.34% | 0.12% | 0.13% | 0.46% | 0.33% | 7.07% |
| 2020 | 1.10% | 0.86% | -7.97% | -0.74% | -0.53% | 0.50% | 0.29% | 0.42% | 0.67% | 0.56% | 0.76% | 0.64% | -3.73% |
| 2019 | 0.43% | 0.28% | 0.75% | 0.62% | 0.84% | 0.91% | 0.28% | 1.03% | 0.15% | 0.58% | 0.25% | 0.55% | 6.86% |
| 2018 | -0.06% | 0.44% | 0.26% | -0.05% | 0.70% | -0.03% | 0.19% | 0.21% | 0.10% | 0.11% | 0.64% | 0.57% | 3.12% |
| 2017 | 0.81% | 0.81% | -0.10% | 0.31% | 0.41% | 0.49% | 0.50% | 0.81% | 0.14% | 0.66% | 0.55% | 0.36% | 5.90% |
| 2016 | -3.11% | -6.88% | 2.96% | 1.90% | -0.01% | 0.50% | 2.15% | 0.41% | 0.71% | 0.19% | 0.71% | 0.55% | -0.32% |
| 2015 | 1.46% | 0.46% | 0.91% | 0.84% | 1.47% | -0.68% | 0.39% | -0.13% | -0.86% | -0.38% | 0.23% | -0.20% | 3.54% |
| 2014 | 0.30% | 0.26% | 0.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ANFIX is 87, placing it in the top 13% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Angel Oak Financials Income Fund (ANFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Angel Oak Financials Income Fund granted a 104.28% dividend yield in the last twelve months. The annual payout for that period amounted to $8.16 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $8.16 | $0.40 | $0.34 | $0.35 | $0.42 | $0.43 | $0.45 | $0.43 | $0.49 | $0.45 | $0.06 |
Dividend yield | 104.28% | 5.21% | 4.20% | 3.87% | 4.80% | 4.56% | 4.79% | 4.53% | 5.21% | 4.51% | 0.56% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $7.82 | $7.95 | |||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 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 | $0.34 |
| 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 | $0.35 |
| 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 | $0.42 |
| 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 | $0.43 |
| 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 | $0.45 |
| 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 | $0.43 |
| 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 | $0.49 |
| 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 | $0.45 |
| 2014 | $0.06 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Angel Oak Financials Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Angel Oak Financials Income Fund was 12.23%, occurring on Feb 12, 2016. Recovery took 326 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.23% | Jun 12, 2015 | 170 | Feb 12, 2016 | 326 | May 31, 2017 | 496 |
| -11.46% | Mar 2, 2022 | 334 | Jun 29, 2023 | — | — | — |
| -9.97% | Mar 9, 2020 | 54 | May 22, 2020 | 365 | Nov 2, 2021 | 419 |
| -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 |
Volatility
Volatility Chart
The current Angel Oak Financials Income Fund volatility is 0.52%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.