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Angel Oak UltraShort Income Fund (AOUIX)

Mutual Fund · Currency in USD · Last updated Mar 21, 2023

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.


0.00%5.00%10.00%NovemberDecember2023FebruaryMarch
1.11%
7.42%
AOUIX (Angel Oak UltraShort Income Fund)
Benchmark (^GSPC)

S&P 500

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Angel Oak UltraShort Income Fund

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.


PeriodReturnBenchmark
1 month0.62%-3.13%
Year-To-Date1.82%2.92%
6 months0.89%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


JanFebMarAprMayJunJulAugSepOctNovDec
20231.19%0.31%
2022-0.63%-0.52%-0.29%0.21%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Angel Oak UltraShort Income Fund Sharpe ratio is -0.54. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-3.00-2.50-2.00-1.50-1.00-0.50NovemberDecember2023FebruaryMarch
-0.54
-0.45
AOUIX (Angel Oak UltraShort Income Fund)
Benchmark (^GSPC)

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.


PeriodTTM20222021202020192018
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2023FebruaryMarch
-1.72%
-17.62%
AOUIX (Angel Oak UltraShort Income Fund)
Benchmark (^GSPC)

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, 202014Mar 24, 2020120Sep 14, 2020134
-3.9%Jan 5, 2022227Nov 29, 2022
-0.2%Jun 1, 201812Jun 18, 20189Jun 29, 201821
-0.1%Sep 24, 202116Oct 15, 202110Oct 29, 202126
-0.1%Oct 2, 20181Oct 2, 20184Oct 8, 20185
-0.1%Oct 9, 20181Oct 9, 20183Oct 12, 20184
-0.1%Oct 15, 20181Oct 15, 201812Oct 31, 201813
-0.1%Aug 1, 20181Aug 1, 20181Aug 2, 20182
-0.1%Mar 4, 20211Mar 4, 20215Mar 11, 20216
-0.1%Mar 26, 20211Mar 26, 20211Mar 29, 20212

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.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
1.46%
20.82%
AOUIX (Angel Oak UltraShort Income Fund)
Benchmark (^GSPC)