Angel Oak Capital Advisors’ ETF Platform Surpasses $1 Billion in AUM
25 Junho 2024 - 10:00AM
Business Wire
Less than two years since inception, the firm’s
suite of ETFs continues to grow, finding success in solving for
potential gaps in advisor and institutional portfolios
Angel Oak Capital Advisors, LLC (Angel Oak), a leading
investment management firm focused on securitized credit investing,
announced that its exchange-traded fund (ETF) platform, composed of
its four actively managed fixed income ETFs and its sub-advisory
services, has surpassed $1 billion in assets under management (AUM)
since launching in November 2022.
“Reaching the $1 billion mark in just 20 months is a testament
to the trust that our clients place in us and our deep expertise in
the securitized credit market,” said Sreeni Prabhu, Managing
Partner and Co-CEO at Angel Oak. “Everyone at Angel Oak is proud of
this achievement, and we believe our scale will allow us to help
even more investors.”
Following the firm’s first ETF launch, Angel Oak UltraShort
Income ETF (NYSE: UYLD), Angel Oak also successfully launched Angel
Oak Income ETF (NYSE: CARY) and, earlier this year, converted two
of its mutual funds into ETFs — Angel Oak High Yield Opportunities
ETF (NYSE: AOHY) and Angel Oak Mortgage-Backed Securities ETF
(NYSE: MBS). The ETF suite is one of the few in the marketplace
offering investors significant exposure to non-agency residential
mortgage-backed securities, consumer asset-backed securities and
other securitized credit assets with an actively managed
approach.
This AUM milestone underscores the robust growth and strong
market acceptance of Angel Oak’s innovative investment offerings in
a marketplace that was previously starved for securitized credit
ETF solutions. By effectively addressing the needs of advisors and
institutional investors, the platform offers compelling investment
opportunities that seek a distinct combination of strong yield
potential with diversification away from traditional fixed-income
assets.
“We are grateful for the affirming response from advisors and
institutional investors. It has been nothing less than remarkable.
We continue to have productive conversations about the role these
different solutions can play in a portfolio, especially given the
significant premium currently offered by securitized credit,” said
Ward Bortz, ETF Portfolio Manager and the Head of Distribution for
US Wealth. “The asset classes we invest in are often
underrepresented in investment portfolios — particularly ETF
portfolios. We look forward to helping these investors access
securitized credit and the continued growth of our platform.”
Angel Oak continues to increase its reach and influence in the
investment community, working closely with advisors and
institutional investors across the country to grow its ETF platform
and explore broader partnership and sub-advisory opportunities.
Angel Oak’s ETFs are currently listed on several platforms,
including Baird, LPL, Raymond James, Stifel and UBS.
To learn more about Angel Oak’s ETF offerings, click here.
About Angel Oak Capital Advisors, LLC
Angel Oak is an investment management firm focused on providing
compelling fixed-income investment solutions to its clients. Backed
by a value-driven approach, Angel Oak seeks to deliver attractive,
risk-adjusted returns through a combination of stable current
income and price appreciation. Its experienced investment team
seeks the best opportunities in fixed income, with a specialization
in mortgage-backed securities and other areas of securitized
credit. For more information, please visit
www.angeloakcapital.com.
AOHY1
CARY2
MBS3
UYLD4
Gross Expense Ratio
0.56%
1.00%
0.80%
0.55%
Net Expense Ratio
0.56%
0.80%
0.50%
0.29%
1Gross and net expense ratios are reported as of the 5/30/24
prospectus.
2Gross and net expense ratios are reported as of the 5/30/24
prospectus. The Adviser has contractually agreed to waive its fees
to limit the Total Annual Fund Operating Expenses After Fee
Waiver/Expense Reimbursement to 0.79% of the Fund’s average daily
net assets through 5/31/25.
3Gross and net expense ratios are reported as of the 5/30/24
prospectus. The Adviser has contractually agreed to waive its fees
to limit the Total Annual Fund Operating Expenses After Fee
Waiver/Expense Reimbursement to 0.49% of the Fund’s average daily
net assets through 9/30/25.
4Gross and net expense ratios are reported as of the 5/30/24
prospectus. The Adviser has contractually agreed to waive its fees
to limit the Total Annual Fund Operating Expenses After Fee
Waiver/Expense Reimbursement to 0.29% of the Fund’s average daily
net assets through 5/31/25.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the funds. This and
other important information about the funds is contained in the
Prospectus which can be obtained by calling Shareholder Services at
855-751-4324 or from www.angeloakcapital.com. The Prospectus should
be read carefully before investing.
Investing involves risk; principal loss is possible.
Investments in debt securities typically decrease when interest
rates rise. This risk is usually greater for longer-term debt
securities. Investments in lower-rated and nonrated securities
present a greater risk of loss to principal and interest than
higher-rated securities do. Investments in asset-backed and
mortgage-backed securities include additional risks that investors
should be aware of, including credit risk, prepayment risk,
possible illiquidity, and default, as well as increased
susceptibility to adverse economic developments. Derivatives
involve risks different from—and in certain cases, greater than—the
risks presented by more traditional investments. Derivatives may
involve certain costs and risks such as illiquidity, interest rate,
market, credit, management, and the risk that a position could not
be closed when most advantageous. Investing in derivatives could
lead to losses that are greater than the amount invested. The Fund
may use leverage, which may exaggerate the effect of any increase
or decrease in the value of securities in the Fund’s portfolio or
higher and duplicative expenses when it invests in mutual funds,
ETFs, and other investment companies. The Funds are a recently
organized investment company with limited operating history. As a
result, prospective investors have a limited track record or
history on which to base their investment decisions. For more
information on these risks and other risks of the Fund, please see
the Prospectus.
ETFs may trade at a premium or discount to NAV. Shares of any
ETF are bought and sold at market prices (not NAV) and are not
individually redeemed from the Fund. Brokerage commissions will
reduce returns. The Fund is an actively managed ETF, which is a
fund that trades like other publicly traded securities. The Fund is
not an index fund and does not seek to replicate the performance of
a specified index.
The Angel Oak Funds are distributed by Quasar Distributors,
LLC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240625079331/en/
Media: Trevor Davis, Gregory FCA for Angel Oak Capital Advisors
443-248-0359 trevor@gregoryfca.com Company: Randy Chrisman, Chief
Marketing & Corporate IR Officer, Angel Oak Capital Advisors
404-953-4969 randy.chrisman@angeloakcapital.com
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