Angel Oak High Yield Opportunities Fund (ANHIX)
In pursuing its objective, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in below investment grade bonds of corporate issuers. These "high yield" securities (also known as "junk bonds") will generally be rated BB or lower by Standard & Poor's Rating Group ("S&P") or will be of equivalent quality rating from another Nationally Recognized Statistical Ratings Organization.
Fund Info
| ISIN | US03463K8852 |
|---|---|
| CUSIP | 03463K885 |
| Issuer | Angel Oak |
| Inception Date | Mar 31, 2009 |
| Category | High Yield Bonds |
| Min. Investment | $500,000 |
| Asset Class | Bond |
Expense Ratio
ANHIX features an expense ratio of 0.65%, falling within the medium range.
Share Price Chart
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Popular comparisons: ANHIX vs. FZROX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Angel Oak High Yield Opportunities 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 ANHIX, 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 | 0.64% | 0.79% | |||||||||||
| 2023 | 3.19% | -0.81% | 0.95% | 1.05% | -0.71% | 1.30% | 1.83% | 0.41% | -0.27% | -1.00% | 3.11% | 3.00% | 12.59% |
| 2022 | -1.79% | -0.75% | -0.46% | -2.75% | 0.10% | -6.05% | 4.45% | -0.78% | -3.24% | 3.15% | 1.42% | -0.68% | -7.55% |
| 2021 | 0.51% | 0.77% | 0.72% | 1.13% | 0.47% | 0.85% | -0.15% | 0.26% | 0.33% | 0.10% | -0.77% | 1.70% | 6.07% |
| 2020 | -0.33% | -1.53% | -13.53% | 3.11% | 6.25% | 1.84% | 4.15% | 1.17% | -1.08% | 0.33% | 3.89% | 2.16% | 5.11% |
| 2019 | 3.98% | 1.76% | 1.29% | 1.38% | -1.35% | 2.26% | 0.34% | 0.41% | 0.28% | -0.34% | 0.94% | 2.35% | 14.04% |
| 2018 | 0.74% | -0.90% | -0.28% | 0.21% | 0.14% | 0.21% | 0.92% | 0.60% | 0.49% | -1.35% | -1.11% | -2.00% | -2.37% |
| 2017 | 1.92% | 0.86% | -0.18% | 0.89% | 0.74% | 0.05% | 1.08% | 0.07% | 0.72% | 0.82% | 0.23% | 0.35% | 7.81% |
| 2016 | -2.33% | -0.86% | 3.66% | 2.93% | 0.78% | 1.32% | 3.02% | 2.26% | 0.15% | 0.34% | -0.08% | 2.02% | 13.85% |
| 2015 | 0.61% | 2.07% | -0.93% | 0.34% | 0.09% | -1.45% | -1.04% | -1.66% | -2.39% | 2.63% | -2.30% | -2.81% | -6.78% |
| 2014 | 0.16% | 1.56% | -0.40% | 0.24% | 0.81% | 0.40% | -1.68% | 0.81% | -2.42% | 0.33% | -2.06% | -3.11% | -5.34% |
| 2013 | 0.49% | -0.16% | 0.48% | 1.53% | -1.27% | -3.05% | 1.32% | -1.55% | 0.33% | 2.48% | -0.00% | -1.86% | -1.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Angel Oak High Yield Opportunities Fund (ANHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Angel Oak High Yield Opportunities Fund granted a 4.31% dividend yield in the last twelve months. The annual payout for that period amounted to $0.47 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.71 | $0.61 | $0.59 | $0.64 | $0.67 | $0.69 | $0.66 | $0.50 |
Dividend yield | 4.31% | 6.56% | 5.94% | 5.03% | 5.49% | 5.64% | 6.31% | 5.56% | 4.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Angel Oak High Yield Opportunities 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 | $0.06 | $0.00 | $0.06 | ||||||||||
| 2023 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.10 | $0.71 |
| 2022 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.07 | $0.61 |
| 2021 | $0.03 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2020 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.04 | $0.64 |
| 2019 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.67 |
| 2018 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.69 |
| 2017 | $0.02 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.66 |
| 2016 | $0.06 | $0.07 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.07 | $0.50 |
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 High Yield Opportunities 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 High Yield Opportunities Fund was 20.58%, occurring on Feb 11, 2016. Recovery took 327 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.58% | May 10, 2013 | 695 | Feb 11, 2016 | 327 | May 31, 2017 | 1022 |
| -20.26% | Feb 20, 2020 | 24 | Mar 24, 2020 | 158 | Nov 5, 2020 | 182 |
| -11.68% | Nov 8, 2010 | 229 | Oct 4, 2011 | 298 | Dec 12, 2012 | 527 |
| -11.56% | Jan 4, 2022 | 186 | Sep 29, 2022 | 292 | Nov 28, 2023 | 478 |
| -5.22% | Oct 3, 2018 | 58 | Dec 26, 2018 | 35 | Feb 15, 2019 | 93 |
Volatility
Volatility Chart
The current Angel Oak High Yield Opportunities Fund volatility is 0.87%, 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.