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Morningstar

Angel Oak UltraShort Income Instl AOUIX

Morningstar Medalist Rating
Medalist Rating as of | See Angel Oak Investment Hub
  • NAV / 1-Day Return 9.81  /  +0.03 %
  • Total Assets 454.9 Mil
  • Adj. Expense Ratio
    0.350%
  • Expense Ratio 0.350%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 4.89%
  • Effective Duration 0.82 years

USD | NAV as of Jul 06, 2024 | 1-Day Return as of Jul 06, 2024, 12:39 AM GMT+0

Morningstar’s Analysis AOUIX

Will AOUIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AOUIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AOUIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AOUIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A lowering of its Process Pillar rating is the primary driver of Angel Oak UltraShort Income Instl's downgrade to a Morningstar Medalist Rating of Negative from Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings AOUIX

More AOUIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −9.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

16.93 75.7 Mil
—

First American Government Obligs U

4.28 19.1 Mil
Cash and Equivalents

Springcastle I Spv Llc 1.97%

1.52 6.8 Mil
Securitized

GS MORTGAGE-BACKED SECURITIES TRUST 2021-PJ9 2.5%

1.47 6.6 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.92%

1.14 5.1 Mil
Securitized

PAGAYA AI DEBT TRUST 2022-1 3.34%

1.13 5.1 Mil
Securitized

LAKE SHORE MM CLO IV LTD 6.76%

1.12 5.0 Mil
Securitized

Monroe Capital Mml Clo 7.53%

1.01 4.5 Mil
Securitized

SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2021-MF1 2.81%

1.01 4.5 Mil
Securitized

U.S.AUTO FUNDING TRUST 2020-1 9.35%

0.99 4.4 Mil
Securitized