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
| ISIN | US03463K3077 |
|---|---|
| CUSIP | 03463K307 |
| Issuer | Angel Oak |
| Inception Date | Jun 27, 2011 |
| Category | Multisector Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
ANGLX has a high expense ratio of 1.21%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ANGLX vs. VGSTX
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 had a return of 1.52% year-to-date (YTD) and 5.25% in the last 12 months. Over the past 10 years, Angel Oak Multi-Strategy Income Fund had an annualized return of 1.59%, while the S&P 500 had an annualized return of 10.64%, indicating that Angel Oak Multi-Strategy Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.52% | 7.50% |
| 1 month | 0.13% | -1.61% |
| 6 months | 4.14% | 17.65% |
| 1 year | 5.25% | 26.26% |
| 5 years (annualized) | -0.42% | 11.73% |
| 10 years (annualized) | 1.59% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.55% | -0.01% | 1.20% | -1.05% | ||||||||
| 2023 | -0.58% | 1.68% | 1.74% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ANGLX is 65, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Angel Oak Multi-Strategy Income Fund(ANGLX)
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 granted a 5.66% dividend yield in the last twelve months. The annual payout for that period amounted to $0.48 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.49 | $0.47 | $0.46 | $0.45 | $0.50 | $0.52 | $0.56 | $0.71 | $0.78 | $0.61 | $0.54 |
Dividend yield | 5.66% | 5.74% | 5.45% | 4.51% | 4.38% | 4.53% | 4.71% | 4.97% | 6.34% | 6.74% | 5.05% | 4.48% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | ||||||||
| 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 |
| 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 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 |
| 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 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 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 |
| 2017 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 |
| 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 |
| 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 |
| 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 |
| 2013 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.08 |
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 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 6.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.4% | Mar 9, 2020 | 13 | Mar 25, 2020 | 384 | Oct 1, 2021 | 397 |
| -12.94% | Jan 3, 2022 | 249 | Dec 28, 2022 | — | — | — |
| -5.63% | 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 15, 2011 | 55 | Dec 1, 2011 | 26 | Jan 10, 2012 | 81 |
Volatility
Volatility Chart
The current Angel Oak Multi-Strategy Income Fund volatility is 1.15%, 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.