Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Angel Oak UltraShort Income A AOUAX
- NAV / 1-Day Return 9.87 / −0.09 %
- Total Assets 451.1 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.600%
- Distribution Fee Level Above Average
- Share Class Type No Load
- Category Ultrashort Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 4.79%
- Effective Duration 0.75 years
USD | NAV as of Oct 03, 2024 | 1-Day Return as of Oct 03, 2024, 12:44 AM GMT+0
Morningstar’s Analysis AOUAX
Will AOUAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings −4.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Cash Offset | 13.85 | 62.6 Mil | — |
First American Government Obligs U | 3.96 | 17.9 Mil | Cash and Equivalents |
AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2022-4 8% | 1.59 | 7.2 Mil | Securitized |
GS MORTGAGE-BACKED SECURITIES TRUST 2021-PJ9 2.5% | 1.41 | 6.4 Mil | Securitized |
PAGAYA AI DEBT TRUST 2024-2 6.61% | 1.40 | 6.3 Mil | Securitized |
Springcastle I Spv Llc 1.97% | 1.37 | 6.2 Mil | Securitized |
PAGAYA AI DEBT TRUST 2024-3 6.57% | 1.14 | 5.1 Mil | Securitized |
PAGAYA AI DEBT TRUST 2022-1 3.34% | 1.13 | 5.1 Mil | Securitized |
Tiaa Clo I Ltd 6.57% | 1.11 | 5.0 Mil | Securitized |
SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2021-MF1 2.81% | 0.99 | 4.5 Mil | Securitized |