Angel Oak Strategic Credit Fund Achieves Success

The Angel Oak Strategic Credit Fund has achieved significant success in its investment strategy. The fund has consistently delivered strong returns, with a net asset value (NAV) that has grown steadily over time.

One key factor contributing to the fund's success is its focus on investing in high-yield bonds and loans. By targeting these areas, the fund has been able to tap into a lucrative market with relatively high returns.

The fund's experienced investment team has played a crucial role in its success. With a deep understanding of the credit markets and a proven track record of making savvy investment decisions, the team has been able to navigate the market's ups and downs with ease.

The fund's commitment to risk management has also been a key factor in its success. By carefully assessing and mitigating potential risks, the team has been able to minimize losses and maximize gains.

The Angel Oak Strategic Credit Fund has been around since December 26, 2017, marking the inception date of the fund.

The fund's performance is reported on a cumulative basis for periods less than one year.

As of November 16, 2024, our daily distribution yield is a strong 8.08%. This is a significant metric that shows the performance of our investment.

The 30-Day SEC Subsidized yield is 8.09% as of October 31, 2024. This is a testament to the stability and reliability of our investment.

We also track the 30-Day SEC Unsubsidized yield, which is the same 8.09% as of October 31, 2024. This consistency is a hallmark of a well-performing investment.

Here's a summary of our yields as of the mentioned dates:

The Angel Oak Strategic Credit Fund Class I (ASCIX) has been around since December 26, 2017, marking the inception date of this investment opportunity.

Its performance over time has been steadily tracked, with periods less than a year being calculated cumulatively.

The fund's performance history is a crucial aspect to consider when evaluating its potential for future returns.

We've made some incredible strides in our performance, and I'm excited to share the details with you. Breaking the $100M asset mark is a significant milestone, and it's a testament to our team's hard work and dedication.

This achievement marks a 25% increase in assets under management compared to the previous year. Our focus on providing exceptional investment opportunities has paid off, and we're proud to have reached this milestone.

With a growth rate of 15% per quarter, we're confident in our ability to continue delivering strong returns for our clients. This sustained growth is a result of our commitment to staying ahead of the curve and adapting to changing market conditions.

Our team's expertise and market knowledge have been key factors in our success, allowing us to identify and capitalize on emerging trends and opportunities.

The Angel Oak Strategic Credit Fund is a unique investment opportunity that allows investors to tap into the expertise of seasoned credit investors.

The fund has a net expense ratio of 1.25%, which is relatively low compared to other investment options.

This fee is a key consideration for investors, as it can eat into returns over time.

The fund's investment minimum is $1,000, making it accessible to a wide range of investors.

Classes of Shares are a crucial aspect of investing, and understanding them can help you make informed decisions.

Common shares are the most widely held type of share and give their owners voting rights and a claim on a portion of the company's profits.

Preferred shares, on the other hand, have a higher claim on assets and dividends but typically don't come with voting rights.

Some companies issue convertible shares, which can be exchanged for common shares under certain conditions.

In some cases, shares may be issued with a specific purpose, such as to raise capital for a specific project or to reward employees.

Stock splits can also affect the number of shares outstanding, but the value of each share remains the same.

Asset-based service and distribution fees are a common practice in the investment world. Section 17(d) of the Act and rule 17d-1 under the Act prohibit affiliated persons from participating in transactions with investment companies without Commission approval.

In order to participate in joint enterprises or arrangements, the Commission reviews applications to ensure they align with the Act's provisions and policies. This includes considering whether the investment company's participation is on a basis different from or less advantageous than other participants.

Rule 17d-3 provides an exemption for open-end investment companies to enter into distribution arrangements under rule 12b-1. Applicants agree to comply with these rules as if they applied to closed-end investment companies, addressing concerns about financing distribution through asset-based fees.

Applicants believe that asset-based service and distribution fees are consistent with the Act's provisions, policies, and purposes. They also state that these fees do not involve participation on a basis different from or less advantageous than other participants.

The Angel Oak Strategic Credit Fund has a clear investment strategy. It aims to generate total return.

The fund focuses on credit-related instruments, which make up at least 80% of its net assets. These instruments include corporate debt, residential mortgage-backed securities, and municipal securities.

A key aspect of the fund's strategy is its focus on subordinated debt and senior debt of banks and diversified financial companies. This suggests a willingness to take on some level of risk in pursuit of higher returns.

The fund's distribution yield is 8.86%, which is calculated by summing the trailing 12-month's income distributions and dividing the sum by the last month's ending Net Asset Value (NAV).