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.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Angel Oak UltraShort Income Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $10,768 for a total return of roughly 7.68%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Angel Oak UltraShort Income Fund had a return of 1.82% year-to-date (YTD) and -0.84% in the last 12 months. Over the past 10 years, Angel Oak UltraShort Income Fund had an annualized return of 1.50%, while the S&P 500 had an annualized return of 8.69%, indicating that Angel Oak UltraShort Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 0.62% | -3.13% |
| Year-To-Date | 1.82% | 2.92% |
| 6 months | 0.89% | 2.02% |
| 1 year | -0.84% | -11.46% |
| 5 years (annualized) | 1.50% | 8.69% |
| 10 years (annualized) | 1.50% | 8.69% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.19% | 0.31% | ||||||||||
| 2022 | -0.63% | -0.52% | -0.29% | 0.21% |
Dividend History
Angel Oak UltraShort Income Fund granted a 2.88% dividend yield in the last twelve months. The annual payout for that period amounted to $0.28 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.20 | $0.13 | $0.23 | $0.31 | $0.21 |
Dividend yield | 2.88% | 2.16% | 1.37% | 2.33% | 3.29% | 2.35% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.03 | $0.03 | ||||||||||
| 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 |
| 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 |
| 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 |
| 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 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 |
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 UltraShort Income 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 UltraShort Income Fund is 7.38%, recorded on Mar 24, 2020. It took 120 trading sessions for the portfolio to recover.
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 | — | — | — |
| -0.2% | Jun 1, 2018 | 12 | Jun 18, 2018 | 9 | Jun 29, 2018 | 21 |
| -0.1% | Sep 24, 2021 | 16 | Oct 15, 2021 | 10 | Oct 29, 2021 | 26 |
| -0.1% | Oct 2, 2018 | 1 | Oct 2, 2018 | 4 | Oct 8, 2018 | 5 |
| -0.1% | Oct 9, 2018 | 1 | Oct 9, 2018 | 3 | Oct 12, 2018 | 4 |
| -0.1% | Oct 15, 2018 | 1 | Oct 15, 2018 | 12 | Oct 31, 2018 | 13 |
| -0.1% | Aug 1, 2018 | 1 | Aug 1, 2018 | 1 | Aug 2, 2018 | 2 |
| -0.1% | Mar 4, 2021 | 1 | Mar 4, 2021 | 5 | Mar 11, 2021 | 6 |
| -0.1% | Mar 26, 2021 | 1 | Mar 26, 2021 | 1 | Mar 29, 2021 | 2 |
Volatility Chart
Current Angel Oak UltraShort Income Fund volatility is 1.46%. 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.