Angel Oak UltraShort Income Fund (AOUIX)
The fund invests primarily in mortgage-backed and other asset-backed fixed income securities, corporate and other debt securities, and collateralized loan obligations ("CLOs"), which are backed by a pool of loans, and other collateralized debt obligations ("CDOs"), which are backed by a pool of debt. It may invest, without limitation, in Debt Instruments of any quality and maturity, including high-yield securities (also known as "junk bonds"), and securities that are not rated by any rating agencies.
Fund Info
US03463K8282
03463K828
Apr 2, 2018
$500,000
Expense Ratio
AOUIX has an expense ratio of 0.53%, placing it in the medium range.
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 UltraShort 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 UltraShort Income Fund (AOUIX) returned 1.67% year-to-date (YTD) and 6.23% over the past 12 months.
AOUIX
1.67%
0.31%
2.66%
6.23%
3.40%
N/A
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of AOUIX, 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 | 0.54% | 0.59% | 0.33% | 0.31% | -0.10% | 1.67% | |||||||
| 2024 | 0.74% | 0.61% | 0.64% | 0.22% | 0.84% | 0.53% | 0.77% | 0.67% | 0.65% | 0.16% | 0.55% | 0.42% | 7.01% |
| 2023 | 1.18% | 0.31% | 0.46% | 0.45% | 0.26% | 0.58% | 0.61% | 0.61% | 0.50% | 0.30% | 0.81% | 0.73% | 7.01% |
| 2022 | -0.09% | -0.29% | -0.77% | -0.37% | -0.26% | -0.57% | 0.18% | -0.11% | -0.63% | -0.51% | -0.28% | 0.20% | -3.47% |
| 2021 | 0.33% | 0.01% | 0.12% | 0.11% | 0.01% | 0.11% | 0.11% | 0.10% | 0.00% | 0.00% | 0.01% | 0.07% | 0.98% |
| 2020 | 0.44% | 0.42% | -4.53% | 1.39% | 1.48% | 1.20% | 0.40% | 0.37% | 0.34% | 0.15% | 0.15% | 0.33% | 2.01% |
| 2019 | 0.33% | 0.35% | 0.38% | 0.47% | 0.48% | 0.27% | 0.27% | 0.66% | 0.15% | 0.25% | 0.14% | 0.26% | 4.06% |
| 2018 | 0.29% | 0.39% | 0.01% | 0.34% | 0.34% | 0.14% | 0.26% | 0.27% | 0.21% | 2.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, AOUIX is among the top 1% 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 UltraShort Income Fund (AOUIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Angel Oak UltraShort Income Fund provided a 5.30% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.52 | $0.43 | $0.20 | $0.13 | $0.23 | $0.31 | $0.21 |
Dividend yield | 5.30% | 5.30% | 4.45% | 2.15% | 1.33% | 2.24% | 3.08% | 2.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Angel Oak UltraShort 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 | $0.16 | |||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.52 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.20 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.23 |
| 2019 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.31 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.21 |
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 UltraShort 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 UltraShort Income Fund was 7.38%, occurring on Mar 24, 2020. Recovery took 120 trading sessions.
The current Angel Oak UltraShort Income Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.38% | Mar 5, 2020 | 14 | Mar 24, 2020 | 120 | Sep 14, 2020 | 134 |
| -3.9% | Jan 5, 2022 | 227 | Nov 29, 2022 | 166 | Jul 31, 2023 | 393 |
| -0.4% | Apr 4, 2025 | 6 | Apr 11, 2025 | 12 | Apr 30, 2025 | 18 |
| -0.21% | Oct 17, 2023 | 1 | Oct 17, 2023 | 7 | Oct 26, 2023 | 8 |
| -0.21% | Jan 16, 2024 | 3 | Jan 18, 2024 | 7 | Jan 29, 2024 | 10 |
Volatility
Volatility Chart
The current Angel Oak UltraShort Income Fund volatility is 0.49%, 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.