Angel Oak Multi-Strategy Income Fund (ANGLX)
The investment seeks current income. The fund invests primarily in mortgage-backed and other asset-backed fixed income securities, including securities backed by assets such as credit card receivables, student loans, automobile loans and residential and commercial real estate. The fund may invest, without limitation, in corporate debt securities of any quality and maturity, including junk bonds, and securities that are not rated by any rating agencies.
Fund Info
US03463K3077
03463K307
Jun 27, 2011
$1,000
Expense Ratio
ANGLX has a high expense ratio of 1.21%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Angel Oak Multi-Strategy 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
Angel Oak Multi-Strategy Income Fund (ANGLX) returned 1.89% year-to-date (YTD) and 7.89% over the past 12 months. Over the past 10 years, ANGLX returned 1.87% annually, underperforming the S&P 500 benchmark at 10.43%.
ANGLX
1.89%
-0.14%
2.55%
7.89%
2.42%
1.87%
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of ANGLX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.45% | 1.46% | 0.33% | 0.21% | -0.58% | 1.89% | |||||||
| 2024 | 0.56% | -0.01% | 1.21% | -1.04% | 1.69% | 1.31% | 1.57% | 1.69% | 1.05% | -1.11% | 0.57% | -0.15% | 7.52% |
| 2023 | 1.32% | -0.69% | 0.51% | 0.35% | -0.56% | 0.01% | 0.97% | 0.73% | -0.46% | -0.58% | 1.68% | 1.73% | 5.07% |
| 2022 | -0.32% | -0.75% | -1.79% | -0.97% | -0.55% | -2.31% | 0.06% | -0.95% | -2.97% | -2.39% | 0.04% | -0.41% | -12.58% |
| 2021 | 0.99% | 0.22% | 0.06% | 0.64% | 0.56% | 0.35% | 0.57% | 0.21% | 0.09% | 0.18% | 0.08% | 0.27% | 4.29% |
| 2020 | 0.73% | 0.34% | -13.60% | 4.30% | 1.53% | 1.29% | 0.97% | 0.45% | 0.93% | 0.45% | 0.92% | 0.82% | -2.00% |
| 2019 | 0.37% | 0.45% | 0.41% | 0.39% | 0.76% | 0.38% | 0.48% | 0.73% | -0.27% | 0.55% | 0.35% | 0.02% | 4.73% |
| 2018 | 0.27% | -0.28% | 0.82% | 0.30% | 0.57% | 0.04% | 0.14% | 0.58% | 0.11% | 0.13% | 0.13% | -0.21% | 2.63% |
| 2017 | 0.99% | 0.33% | 0.40% | 0.45% | 0.71% | 0.43% | 0.53% | 0.43% | 0.39% | 0.59% | 0.09% | 0.02% | 5.48% |
| 2016 | -1.44% | -2.69% | 1.64% | 1.01% | 0.21% | 0.25% | 1.98% | 0.43% | 0.90% | 0.72% | 0.35% | 0.76% | 4.11% |
| 2015 | 0.54% | 0.96% | 0.28% | 0.57% | 0.70% | -0.30% | 0.30% | -0.33% | -0.66% | -0.04% | 0.09% | -0.45% | 1.67% |
| 2014 | 1.65% | 0.28% | 0.32% | 0.57% | 0.51% | 0.67% | 0.82% | -0.06% | 0.16% | -0.23% | 0.47% | 0.30% | 5.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, ANGLX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Angel Oak Multi-Strategy Income Fund (ANGLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Angel Oak Multi-Strategy Income Fund provided a 5.72% dividend yield over the last twelve months, with an annual payout of $0.49 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.50 | $0.49 | $0.47 | $0.49 | $0.45 | $0.50 | $0.52 | $0.56 | $0.71 | $0.78 | $0.61 |
Dividend yield | 5.72% | 5.81% | 5.73% | 5.46% | 4.71% | 4.36% | 4.53% | 4.71% | 4.99% | 6.34% | 6.74% | 5.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Angel Oak Multi-Strategy 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.15 | |||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.50 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2022 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.47 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.49 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.45 |
| 2019 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.52 |
| 2017 | $0.04 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.56 |
| 2016 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.07 | $0.07 | $0.71 |
| 2015 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.15 | $0.78 |
| 2014 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.61 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Angel Oak Multi-Strategy 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 Multi-Strategy Income Fund was 16.40%, occurring on Mar 25, 2020. Recovery took 384 trading sessions.
The current Angel Oak Multi-Strategy Income Fund drawdown is 0.71%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.4% | Mar 9, 2020 | 13 | Mar 25, 2020 | 384 | Oct 1, 2021 | 397 |
| -12.93% | Jan 3, 2022 | 249 | Dec 28, 2022 | 541 | Feb 26, 2025 | 790 |
| -5.64% | Aug 11, 2015 | 137 | Feb 25, 2016 | 136 | Sep 8, 2016 | 273 |
| -5.24% | May 22, 2013 | 39 | Jul 17, 2013 | 128 | Jan 17, 2014 | 167 |
| -1.67% | Sep 13, 2011 | 57 | Dec 1, 2011 | 26 | Jan 10, 2012 | 83 |
Volatility
Volatility Chart
The current Angel Oak Multi-Strategy Income Fund volatility is 0.88%, 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.