ATLANTA–(BUSINESS WIRE)–Nov. 8, 2022–
Angel Oak Capital Advisors, an investment management firm specializing in value-oriented structured credit, is delighted to announce the launch of the Angel Oak Income ETF (NYSE: CARY). The company’s second actively managed exchange-traded fund offers investors the opportunity to invest primarily in US structured credit with a strong preference for residential mortgage credit.
The Fund’s large allocation to structured credit, combined with Angel Oak’s experience in these fixed income asset classes, should generate a large return at a moderate duration compared to other corporate bond indices. of similar rating as well as broad fixed income markets.
“We are delighted to offer our second actively managed ETF product in as many weeks,” said Sreeni Prabhu, Group CIO and Managing Partner at Angel Oak Capital Advisors. “Our continued growth in the ETF space underscores our leadership position in filling a gap in the structured credit market for investors.”
The ETF will be managed by Angel Oak’s experienced portfolio management team, which since 2011 has been managing mutual funds that are allocated to these types of securities. Additionally, Ward Bortz joined Angel Oak in June as portfolio manager of the new ETF as well as the company’s recently launched UltraShort Income ETF (NYSE: UYLD).
“Rarely has there been an investment opportunity as compelling as what we see today in US structured credit assets,” remarked Bortz. “We are at a time in the market where these income-focused solutions are needed and sought after by investors. Angel Oak has been a pioneer in structured credit investing for over a decade, and I’m excited to continue to grow the firm’s ETF business to help meet the needs of investors.
To learn more about the Fund and Angel Oak, please visit angeloakcapital.com.
About Angel Oak Capital Advisors, LLC
Angel Oak is an investment management firm focused on providing attractive fixed income investment solutions to its clients. Underpinned by a value-oriented approach, Angel Oak seeks to deliver attractive risk-adjusted returns through a combination of stable current earnings and price appreciation. Its experienced investment team seeks out the best opportunities in fixed income securities, with a specialization in mortgage-backed securities and other areas of structured credit.
Investors should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other important information about the Fund is contained in the Prospectus which can be obtained by calling Shareholder Services or at www.angeloakcapital.com. The Prospectus should be read carefully before investing.
Investing involves risk; a principal loss is possible. Investments in debt securities generally decline when interest rates rise. This risk is generally higher for longer-term debt securities. Investments in lower rated and unrated securities present a greater risk of loss of capital and interest than higher rated securities. Investments in asset- and mortgage-backed securities involve additional risks of which investors should be aware, including credit risk, prepayment risk, possible illiquidity and default, as well as sensitivity increased to adverse economic developments. Derivatives involve different – and in some cases greater – risks than the risks presented by more traditional investments. Derivatives may involve certain costs and risks such as illiquidity, interest rates, market, credit, management and the risk that a position cannot be closed out at the most advantageous time. Investing in derivatives could result in losses greater than the amount invested. The Fund may carry out uncovered sales of securities, which involves the risk that losses exceed the amount initially invested. The Fund may employ leverage, which may exaggerate the effect of any increase or decrease in the value of securities in the Fund’s portfolio or higher and duplicated expenses when investing in mutual funds, ETFs and other investment companies. For more information on these and other Fund risks, please see the Prospectus.
ETFs may trade at a premium or discount to net asset value. Shares of any ETF are bought and sold at market prices (not net asset value) and are not individually redeemed by the Fund. Brokerage commissions will reduce returns. The Fund is an actively managed ETF, meaning a fund that trades like other publicly traded securities. The Fund is not an index fund and does not seek to replicate the performance of any specific index.
Angel Oak Funds are distributed by Quasar Distributors, LLC.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20221108005680/en/
Trevor Davis, Gregory FCA for Angel Oak Capital Advisors
Randy Chrisman, Director of Marketing and Corporate Public Relations, Angel Oak Capital Advisors
KEYWORD: UNITED STATES NORTH AMERICA GEORGIA
SECTOR KEYWORD: FINANCE CONSULTANCY BANKING ACCOUNTING PROFESSIONAL SERVICES
SOURCE: Angel Oak Capital Advisors
Copyright BusinessWire 2022.
PUBLISHED: 08/11/2022 09:00/DISC: 08/11/2022 09:02
Copyright BusinessWire 2022.