Angel Oak High Yield Opportunities Fund Class Institutional (ANHIX) Fund Details & Analysis

Fund Information

Fund Category High Yield Bond

Fund Family Angel Oak

Fund Style Large

ISIN US03463K8852

CUSIP 03463K885

Inception Date 2009-03-31

Domicile United States

Country USA

Fiscal Year End January

NAV Chart

Fund Metrics

Net Assets $65.65 Million

Share Class Net Assets $62.34 Million

Expense Ratio 0.56%

Expense Ratio Date 2022-09-29

Dividend Yield 0.01%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 0.79%

1-Year Return 10.92%

3-Year Return 3.07%

5-Year Return 4.86%

NAV $10.87

Previous Close Price $10.46

Last Update 2024-03-31

Dividend Information

Dividend Yield 0.01%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Angel Oak High Yield Opportunities Fund Class Institutional

In pursuing its investment objective, the fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities rated below investment grade. These "high yield" securities (also known as "junk bonds") will generally be rated BB or lower by Standard & Poor's Rating Group ("S&P") or will be of equivalent quality rating from another Nationally Recognized Statistical Ratings Organization.

Detailed Metrics

Market Cap Distribution

AverageMarketCap %

Giant %

Large %

Medium %

Micro %

Small %

Value & Growth Metrics

Book-Value Growth % %

Cash-Flow Growth % %

Dividend Yield % %

Historical Earnings % %

Long-Term Earnings % %

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	94.82%	94.82%	0.00%	95.78%	99.88%
Cash	5.17%	5.27%	0.09%	5.17%	0.00%
Non US Stock	0.00%	0.00%	0.00%	0.10%	0.06%
Not Classified	0.01%	0.01%	0.00%	1.25%	0.05%
Other	0.00%	0.00%	0.00%	0.39%	0.00%
US Stock	0.00%	0.00%	0.00%	0.78%	0.00%

Top Holdings

Name	Weight	Owned	Change
Warrior Met Coal Inc 7.88%	2.94	2,000,000	0
Antero Midstream Partners LP / Antero Midstream Finance Corp 5.75%	1.78	1,250,000	0
Consolidated Energy Finance S.A. 6.5%	1.78	1,250,000	0
Shelf Drilling International Holdings, Ltd. 8.25%	1.72	1,500,000	0
Ford Motor Company 9%	1.60	1,000,000	0
Select Medical Corporation 6.25%	1.44	1,000,000	0
Copper Mountain Mining Corporation 8%	1.40	980,000	-20,000
CVR Partners, LP and CVR Nitrogen Finance Corporation 6.13%	1.40	1,000,000	0
Directv Financing Llc/Directv Financing Co-Obligor Inc 5.88%	1.37	1,000,000	0
Sylvamo Corporation 7%	1.37	1,000,000	0
Gray Escrow II Inc 5.38%	1.33	1,000,000	0
American Axle & Manufacturing, Inc. 5%	1.31	1,000,000	0
Primo Water Holdings Inc 4.38%	1.26	1,000,000	0
Hilcorp Energy I L.P/Hilcorp Finance Co 5.75%	1.26	900,000	0
Coinbase Global Inc 3.38%	1.24	1,000,000	0
Big River Steel LLC / BRS Finance Corp 6.63%	1.17	800,000	0
Sotheby's Inc 7.38%	1.16	810,000	0
Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc 6.5%	1.11	750,000	0
Cleveland-Cliffs Inc 5.88%	1.08	750,000	0
Enviva Inc 6.5%	1.08	750,000	0
Nationstar Mortgage LLC 6%	1.07	750,000	0
Arrow BidCo LLC 9.5%	1.06	750,000	250,000
USA Compression Partners LP / USA Compression Finance Corp 6.88%	1.05	750,000	0
Mercer International Inc. 5.13%	1.01	750,000	0
HAT Holdings I LLC and HAT Holdings II LLC 3.38%	0.99	750,000	0

See the full breakdown of ANHIX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	4.13%	5.26%	0.00%
Bond Sector	Corporate	0.00%	90.27%	71.64%	100.00%
Bond Sector	Derivative	0.00%	1.59%	0.00%	0.00%
Bond Sector	Government	0.00%	2.57%	0.00%	0.00%
Bond Sector	Municipal	0.00%	0.03%	0.00%	0.00%
Bond Sector	Securitized	0.00%	1.41%	23.09%	0.00%
Cyclical	Basic Materials	0.00%	0.00%	0.00%	0.00%
Cyclical	Consumer Cyclical	0.00%	0.00%	0.00%	0.00%
Cyclical	Financial Services	0.00%	0.00%	0.00%	100.00%
Cyclical	Real Estate	0.00%	0.00%	0.00%	0.00%
Defensive	Consumer Defensive	0.00%	0.00%	0.00%	0.00%
Defensive	Healthcare	0.00%	0.00%	0.00%	0.00%
Defensive	Utilities	0.00%	0.00%	0.00%	0.00%
Sensitive	Communication Services	0.00%	0.00%	0.00%	0.00%
Sensitive	Energy	0.00%	0.00%	0.00%	0.00%
Sensitive	Industrials	0.00%	0.00%	0.00%	0.00%
Sensitive	Technology	0.00%	0.00%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.03%	-	-
Americas	North America	92.65%	100.00%	-
Greater Asia	Asia Developed	2.45%	-	-
Greater Asia	Asia Emerging	0.01%	-	-
Greater Asia	Australasia	0.00%	-	-
Greater Asia	Japan	0.01%	-	-
Greater Europe	Africa/Middle East	0.00%	-	-
Greater Europe	Europe Developed	0.08%	-	-
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	4.76%	-	100.00%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
No dividend history available

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Angel Oak High Yield Opportunities Fund Class Institutional NMFQS:ANHIX