Angel Oak Multi-Strategy Income Fund Investment Analysis

The Angel Oak Multi-Strategy Income Fund is a unique investment option that offers a blend of income generation and capital preservation. It has a long-term track record of providing relatively stable returns.

The fund's investment strategy involves allocating assets across various sectors and market segments. This diversification helps to minimize risk and increase potential returns.

One notable aspect of the fund is its focus on income generation, which is achieved through a combination of dividend-paying stocks, bonds, and other securities. The fund's managers aim to provide a steady stream of income to investors.

The fund's performance has been relatively stable over the years, with a low volatility profile. This makes it an attractive option for investors seeking to balance income generation with capital preservation.

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The Angel Oak Multi-Strategy Income Fund has a gross expense ratio of 0.99% as of the 5/30/24 prospectus.

The net expense ratio is reported as of the 1/31/24 Annual Report, but the exact rate is not specified in the provided information.

The Adviser has contractually agreed to waive its fees to limit the Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement to 0.99% of the Fund’s average daily net assets through 5/31/25.

Here are some key fund details:

The Angel Oak Multi-Strategy Income Fund has a current performance of 7.10%, which is a significant return considering its inception date of June 28, 2011. This fund has been able to generate returns for its investors over the years.

The fund's performance over the past 1 year was 8.6%, which is higher than the category return high of 22.6%. This is impressive considering the category return low was -6.0% during the same period. The fund's return ranking was 68.06% in its category, indicating it performed well compared to its peers.

Here's a breakdown of the fund's performance over different time periods:

The fund's performance is a testament to its ability to generate returns for its investors over the years.

The Total Returns section of any investment's performance report is crucial in understanding its overall growth and stability. The inception date of the Angel Oak Multi-Strategy Income Fund A Class (ANGLX) was 6/28/11.

This fund has been around for over a decade, which is a significant milestone. The total returns of an investment can be a good indicator of its performance over time.

Here's a breakdown of the total returns for the Angel Oak Multi-Strategy Income Fund A Class:

The total returns for the Angel Oak Multi-Strategy Income Fund A Class show a mix of positive and negative growth over the years. The fund's YTD return of 6.5% is a relatively strong performance, while its 3-year and 5-year returns are negative. The fund's 10-year return is not available, likely due to its relatively short inception date.

The Net Income Ratio is a crucial metric that helps us understand how well a company is performing financially.

ANGCX has a Net Income Ratio of 3.69%. This is a significant indicator of the company's financial health.

In comparison, the Category Low is -1.55% and the Category High is 11.51%. This means that ANGCX is performing better than the lowest category and closer to the highest category.

Let's take a look at the Net Income Ratio rankings. Here's a breakdown of the key statistics:

ANGCX's Net Income Ratio of 3.69% puts it at a rank of 23.22%. This indicates that the company is performing relatively well in this area.

The Angel Oak Multi-Strategy Income Fund comes with various fees and expenses, which are detailed below. The operational fees are a key consideration for investors.

The expense ratio for the fund is 2.91% of the assets under management (AUM). This is slightly higher than the category return low of 0.03% and lower than the category return high of 20.67%.

Management fees, which account for 0.89% of AUM, are also worth noting. This fee is significantly lower than the category return high of 2.29%. The 12b-1 fee is 1.00% of AUM, which is consistent across the category return low and high.

Here is a summary of the operational fees:

The sales fees for the fund are also worth noting, particularly the deferred load of 1.00% of AUM, which is consistent with the category return low and high.

Operating Fees are a crucial aspect of investing in a fund. They can eat into your returns, so it's essential to understand what you're paying for.

The expense ratio of ANGCX is 2.91% of the fund's Assets Under Management (AUM). This means you'll pay 2.91% of your investment as an expense ratio.

Management fees can vary, but in the case of ANGCX, it's 0.89% of AUM. This is a relatively low management fee, which is good news for investors.

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The 12b-1 fee is a type of marketing fee that's used to promote the fund. ANGCX charges a 1% 12b-1 fee, which is a standard rate in the industry.

Here's a breakdown of the operating fees for ANGCX:

The administrative fee for ANGCX is not applicable, as it's listed as N/A in the table. However, it's worth noting that administrative fees can vary depending on the fund.

Trading fees are a crucial aspect of investing, and it's essential to understand what you're paying for. ANGCX fees are a percentage of the Assets Under Management (AUM).

ANGCX has a max redemption fee, but it's not applicable in this case, as it's listed as N/A. This means you won't have to pay a redemption fee when you withdraw your funds.

The category return low for ANGCX is 0.50%, which is a relatively low fee compared to other investment options. The category return high is 2.00%, which is a significant increase in potential returns.

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