Symbols

CARY

Angel Oak Income ETF·NASDAQ

--(--)

Key Stats

Assets Under Management

733.10MUSD

Fund Flows (1Y)

364.11MUSD

Dividend Yield

6.11%

Discount/Premium to NAV

0.05%

Shares Outstanding

35.37M

Expense Ratio

0.79%

About Angel Oak Income ETF

Issuer

Angel Oak Capital Advisors, LLC

Brand

Angel Oak

Home Page

https://angeloakcapital.com/investments/cary/

Inception Date

Nov 7, 2022

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Angel Oak Capital Advisors LLC

Distributor

Quasar Distributors LLC

CARY provides broad exposure to USD-denominated debt securities of various credit quality and maturities. Investments include structured products, loans, corporate debt, US Treasury, and government agency securities. Structured products include CLOs and CDOs, which may comprise up to 25% of the portfolio. More than 25% are invested in mortgage-related instruments and up to 15% in illiquid investments. Issuers selected depend on the advisers view of best value relative to the market. Using fundamental research and analysis, the actively managed fund considers issuers believed as capable of improving their credit profile over time with attractive valuations. Among other criteria considered are maturity, yield and ratings, and price appreciation. Various factors evaluated include collateral quality, credit support, structure, and market conditions. The adviser also targets undervalued assets with relatively low volatility. The fund may also invest in mutual funds, ETFs, or BDCs.