- ISIN
- US03464F1093
- Issuer
- Angel Oak
- Inception Date
- Dec 25, 2017
- Category
- Nontraditional Bonds
- Min. Investment
- $50,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
ASCIX Performance Chart
Angel Oak Strategic Credit Fund (ASCIX) is up 2.5% since the beginning of the year. ASCIX is currently trading at $21 per share. Investors who bought $1,000 worth of ASCIX shares 5 years ago would now be looking at an investment worth $1,435.
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Returns By Period
Angel Oak Strategic Credit Fund (ASCIX) has returned 2.54% so far this year and 7.07% over the past 12 months.
Angel Oak Strategic Credit Fund
- 1D
- 0.00%
- 1M
- 0.90%
- YTD
- 2.54%
- 6M
- 3.13%
- 1Y
- 7.07%
- 3Y*
- 9.58%
- 5Y*
- 7.49%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ASCIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 26, 2017, ASCIX's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 80% of months were positive and 20% were negative. The best month was Jun 2020 with a return of +7.0%, while the worst month was Mar 2020 at -21.8%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ASCIX closed higher 39% of trading days. The best single day was Nov 10, 2020 with a return of +1.9%, while the worst single day was Mar 24, 2020 at -9.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.77% | 1.00% | -0.68% | 0.87% | 0.60% | -0.05% | 2.54% | ||||||
| 2025 | 0.73% | 1.79% | 0.01% | 0.36% | 0.06% | 1.89% | 0.20% | 1.46% | 0.07% | 0.34% | 0.69% | 0.19% | 8.04% |
| 2024 | 1.37% | 0.64% | 1.24% | -0.26% | 1.78% | 1.48% | 1.36% | 1.67% | 0.86% | -0.42% | 0.50% | 0.36% | 11.06% |
| 2023 | 3.16% | 0.22% | 0.71% | 0.69% | -0.02% | 0.56% | 1.70% | 1.00% | 0.59% | -0.07% | 1.39% | 1.46% | 11.95% |
| 2022 | 0.75% | -0.74% | -1.43% | -0.44% | -0.38% | -1.17% | 0.52% | -0.57% | -2.89% | -0.32% | 1.06% | 0.76% | -4.79% |
| 2021 | 2.06% | 0.70% | -0.01% | 1.44% | 0.77% | 0.66% | 0.64% | 0.85% | 1.60% | 0.81% | 0.56% | 3.99% | 14.93% |
Benchmark Metrics
Angel Oak Strategic Credit Fund has an annualized alpha of 6.80%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 26, 2017.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (23.33%) than losses (13.62%) - typical of diversified or defensive assets.
- Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.80%
- Beta
- -0.01
- R²
- 0.00
- Upside Capture
- 23.33%
- Downside Capture
- 13.62%
Expense Ratio
ASCIX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ASCIX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Angel Oak Strategic Credit Fund (ASCIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASCIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.37 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 2.78 | +2.08 |
| Martin ratioReturn relative to average drawdown | 13.33 | 12.44 | +0.89 |
Dividends
Dividend History
Angel Oak Strategic Credit Fund provided a 8.49% dividend yield over the last twelve months, with an annual payout of $1.76 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.76 | $1.79 | $1.84 | $1.74 | $1.62 | $3.11 | $1.98 | $1.71 | $1.50 |
Dividend yield | 8.49% | 8.55% | 8.76% | 8.40% | 8.04% | 13.64% | 8.74% | 6.97% | 6.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Angel Oak Strategic Credit 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.13 | $0.13 | $0.15 | $0.14 | $0.14 | $0.00 | $0.69 | ||||||
| 2025 | $0.13 | $0.14 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.14 | $0.15 | $0.14 | $0.19 | $1.79 |
| 2024 | $0.11 | $0.11 | $0.13 | $0.13 | $0.13 | $0.12 | $0.11 | $0.12 | $0.13 | $0.15 | $0.16 | $0.46 | $1.84 |
| 2023 | $0.14 | $0.13 | $0.14 | $0.14 | $0.15 | $0.13 | $0.13 | $0.13 | $0.14 | $0.15 | $0.16 | $0.20 | $1.74 |
| 2022 | $0.20 | $0.18 | $0.20 | $0.18 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 | $0.40 | $1.62 |
| 2021 | $0.15 | $0.14 | $0.16 | $0.15 | $0.16 | $0.15 | $0.16 | $0.20 | $0.20 | $0.21 | $0.21 | $1.24 | $3.11 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Angel Oak Strategic Credit 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 Strategic Credit Fund was 25.70%, occurring on Apr 6, 2020. Recovery took 194 trading sessions.
The current Angel Oak Strategic Credit Fund drawdown is 0.14%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -25.70%Apr 2020 | 1mo 1d | 9mo 11d | 10mo 12dMar 2020 - Jan 2021 |
Bear market2022 | -7.54%Oct 2022 | 8mo 21d | 8mo 26d | 1y 5moFeb 2022 - Jul 2023 |
Rate-hike selloffLate 2018 | -3.03%Dec 2018 | 1mo 18d | 3mo 12d | 5moNov 2018 - Apr 2019 |
2025 pullback2025 | -1.49%Aug 2025 | 13d | 18d | 1mo 1dAug 2025 - Sep 2025 |
2025 selloff2025 | -1.46%Apr 2025 | 7d | 19d | 26dApr 2025 - Apr 2025 |
Drawdown Indicators
| ASCIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -56.78% | +31.08% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -9.10% | +7.61% |
Max Drawdown (3Y)Largest decline over 3 years | -1.49% | -18.90% | +17.41% |
Max Drawdown (5Y)Largest decline over 5 years | -7.54% | -25.43% | +17.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.14% | -1.80% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -10.71% | +8.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 2.03% | -1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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