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.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Angel Oak High Yield Opportunities Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $15,542 for a total return of roughly 55.42%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Angel Oak High Yield Opportunities Fund had a return of 2.85% year-to-date (YTD) and -1.68% in the last 12 months. Over the past 10 years, Angel Oak High Yield Opportunities Fund had an annualized return of 2.26%, while the S&P 500 had an annualized return of 10.16%, indicating that Angel Oak High Yield Opportunities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 0.48% | 3.51% |
| Year-To-Date | 2.85% | 7.03% |
| 6 months | 7.51% | 12.88% |
| 1 year | -1.68% | -10.71% |
| 5 years (annualized) | 3.46% | 9.25% |
| 10 years (annualized) | 2.26% | 10.16% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 3.19% | -0.80% | ||||||||||
| 2022 | -3.24% | 3.15% | 1.42% | -0.68% |
Dividend History
Angel Oak High Yield Opportunities Fund granted a 7.16% dividend yield in the last twelve months. The annual payout for that period amounted to $0.75 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.75 | $0.61 | $0.59 | $0.64 | $0.67 | $0.69 | $0.66 | $0.50 |
Dividend yield | 7.16% | 5.99% | 5.38% | 6.16% | 6.72% | 7.96% | 7.45% | 6.08% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.05 | $0.04 | ||||||||||
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2016 | $0.06 | $0.07 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.07 |
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 High Yield Opportunities 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 High Yield Opportunities Fund is 20.58%, recorded on Feb 11, 2016. It took 327 trading sessions for the portfolio to recover.
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 | — | — | — |
| -5.22% | Oct 3, 2018 | 58 | Dec 26, 2018 | 35 | Feb 15, 2019 | 93 |
| -5.05% | Apr 28, 2010 | 31 | Jun 10, 2010 | 40 | Aug 6, 2010 | 71 |
| -3.44% | Jan 19, 2010 | 19 | Feb 12, 2010 | 29 | Mar 26, 2010 | 48 |
| -2.22% | Dec 21, 2012 | 6 | Dec 31, 2012 | 80 | Apr 26, 2013 | 86 |
| -1.94% | Nov 10, 2021 | 12 | Nov 26, 2021 | 24 | Dec 31, 2021 | 36 |
| -1.84% | Feb 1, 2018 | 10 | Feb 14, 2018 | 115 | Jul 31, 2018 | 125 |
Volatility Chart
Current Angel Oak High Yield Opportunities Fund volatility is 3.95%. 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.