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
| ISIN | US03463K8282 |
|---|---|
| CUSIP | 03463K828 |
| Issuer | Angel Oak |
| Inception Date | Apr 2, 2018 |
| Category | Ultrashort Bond |
| Min. Investment | $500,000 |
| Asset Class | Bond |
Expense Ratio
The Angel Oak UltraShort Income Fund has a high expense ratio of 0.53%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: AOUIX vs. AOM
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 had a return of 1.78% year-to-date (YTD) and 6.73% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.78% | 5.05% |
| 1 month | 0.33% | -4.27% |
| 6 months | 3.77% | 18.82% |
| 1 year | 6.73% | 21.22% |
| 5 years (annualized) | 2.18% | 11.38% |
| 10 years (annualized) | N/A | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.74% | 0.60% | 0.64% | |||||||||
| 2023 | 0.50% | 0.31% | 0.81% | 0.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Angel Oak UltraShort Income Fund(AOUIX)
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 granted a 4.70% dividend yield in the last twelve months. The annual payout for that period amounted to $0.46 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.43 | $0.20 | $0.13 | $0.23 | $0.31 | $0.21 |
Dividend yield | 4.70% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | |||||||||
| 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 |
| 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
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 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 0.20%.
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 |
| -0.21% | Oct 17, 2023 | 1 | Oct 17, 2023 | 7 | Oct 26, 2023 | 8 |
| -0.21% | Jan 16, 2024 | 3 | Jan 18, 2024 | 9 | Jan 31, 2024 | 12 |
| -0.2% | Apr 1, 2024 | 8 | Apr 10, 2024 | — | — | — |
Volatility
Volatility Chart
The current Angel Oak UltraShort Income Fund volatility is 0.56%, 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.