Angel Oak UltraShort Income Fund - Class A1 (AOUNX)
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Angel Oak UltraShort Income Fund - Class A1 Profile
| NASDAQ Exchange | United States Country |
Overview
The fund represents a specialised investment vehicle that focuses on the acquisition and management of a diversified portfolio of residential mortgage-backed securities (RMBS) and asset-backed securities (ABS). With a strategic emphasis on both agency and non-agency securities, the fund is designed for investors seeking exposure to the residential mortgage and asset-backed markets. It operates with a flexible investment mandate regarding the maturity and duration of its securities holdings. However, it generally maintains a portfolio characterized by a short-term investment horizon, typically aiming for a dollar-weighted average maturity of less than two years and a dollar-weighted average duration of less than one year under normal circumstances. This approach reflects a cautious investment philosophy geared towards managing risk and capitalizing on short-term market movements.
Products and Services
- Residential Mortgage-Backed Securities (RMBS)
These are investments secured by the interest payments from residential mortgages. The fund invests in both agency RMBS, which are guaranteed by government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac, ensuring a level of safety and predictability in returns, and non-agency RMBS, which are not backed by such guarantees but offer higher potential yields in exchange for increased risk. This dual approach allows the fund to balance risk and return effectively, adapting to different market conditions.
- Asset-Backed Securities (ABS)
Asset-backed securities are investments that are secured by a pool of assets, typically consisting of loans, leases, credit card debt, royalties, or receivables. By investing in ABS, the fund diversifies its portfolio beyond residential mortgages, tapping into payments generated from a variety of financial assets. This diversification helps spread risk and leverage opportunities in different sectors of the asset-backed market, aiming to enhance the overall returns for investors.
Contact Information
