Angel Oak Income ETF (CARY)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
CARY Chart
CARY: Watch Out For The Expense Ratio (Rating Downgrade)
Angel Oak Income ETF has delivered a stable, well-defined uptrend and outperformed peers since April 2025. CARY's portfolio remains MBS-heavy, but risk has increased with below-investment-grade exposure rising from 30% to 38%. The expense ratio has risen from 0.79% to 0.99% after a fee waiver expired, now nearly double the peer median.
Three Reasons CARY Is One Of The Best High-Quality Bond ETFs
The Angel Oak Income ETF focuses on high-quality, shorter-term MBS, with sizable investments in a couple other bond sub-asset classes. CARY's investment thesis is quite strong and balanced, with the fund offering investors an above-average 6.1% yield, above-average returns since inception, and below-average realized volatility. The main disadvantage is its 0.79% expense ratio, but the fund has more than earned its fees in the past.
CARY: Broad Bond ETF, Above-Average Dividend Yield, Below-Average Risk And Volatility
CARY holds a diversified portfolio of bonds, focusing on short-term investment-grade securities, mainly MBS. The fund's active management strategy, including overweighting MBS, has led to higher returns and outperformance compared to its benchmark and most bonds. CARY sports an above-average 5.0% yield, below-average risk and volatility, and has outperformed most peers since inception.
Angel Oak Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 101 | $2,098.06 | $2,098.27 | $0.21 | 0.01% |
| SW Steve Wachs Legacy CG LLC | 394,432 | $8.2M | $8.2M | $367.45 | - |
 Candace Cavalier Congress Wealth Management LLC / DE / | 811,224 | $16.54M | $16.86M | $321,658.25 | 1.94% |
 Jeremy Baltz Raleigh Capital Management Inc. | 6,652 | $138,366.11 | $138,128.78 | -$237.33 | -0.17% |
| BP Brett Pohl Kingdom Financial Group LLC | 495 | $10,309 | $10,283.62 | -$25.38 | -0.25% |
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Angel Oak Income ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
This company is focused on the investment in a broad range of securitized financial assets, including both agency and non-agency Residential Mortgage-Backed Securities (RMBS), Commercial Mortgage-Backed Securities (CMBS), Collateralized Loan Obligations (CLOs), Collateralized Debt Obligations (CDOs), Collateralized Mortgage Obligations (CMOs), Collateralized Bond Obligations (CBOs), Asset-Backed Securities (ABS), and various other types of securitizations that may be backed by assets like unsecured consumer loans, credit card receivables, student loans, automobile loans, loans financing solar energy systems, and properties both residential and commercial in nature. Furthermore, it invests in mortgage loans, both secured and unsecured consumer loans, commercial loans and their pools; corporate debt; and U.S. treasury and government agency securities. Its investment strategy is non-diversified, suggesting a focus on potentially higher returns at the expense of higher risk due to less diversification.
Products and Services
- Residential and Commercial Mortgage-Backed Securities (RMBS and CMBS)
An investment in various types of mortgage-backed securities, including those backed by residential and commercial property loans. RMBS and CMBS offer investors the opportunity to gain exposure to the real estate market through fixed-income securities.
- Collateralized Loan Obligations (CLOs) and Collateralized Debt Obligations (CDOs)
Investments encompassing various types of debt, including loans and bonds, which are then pooled together and sold to investors as tranches with differing risk profiles. CLOs are specifically backed by corporate loans, while CDOs can be backed by a broader range of debt types.
- Collateralized Mortgage Obligations (CMOs) and Collateralized Bond Obligations (CBOs)
Securitizations that are structured from mortgage-backed and other types of bond securities, respectively. These investments allow for risk and reward to be distributed among investors according to their appetite for risk.
- Asset-Backed Securities (ABS)
Securities backed by various types of assets, such as unsecured consumer loans, credit card receivables, student loans, automobile loans, and loans financing solar energy systems. ABS investments offer a way to invest in consumer credit and other financial assets.
- Mortgage Loans and Pools of Loans
Direct investment in mortgage loans or pools of secured and unsecured consumer and commercial loans. This allows investors to directly finance and gain exposure to consumer and business borrowing.
- Corporate Debt
Investment in the debt issues of corporations, providing capital to companies in exchange for the promise of future repayments with interest. Corporate debt offers a range of risk and return profiles based on the creditworthiness of the issuing company.
- U.S. Treasury and Government Agency Securities
Involvement with government-issued debt, known for its safety and reliability, offering a secure investment usually with lower returns in comparison to other types of securities. These investments include bonds and other debt instruments issued by the U.S. government or its agencies.
