Summary
UYLD Chart
Fixed Income Portfolio Update: 5.5% Yield With Minimal Risk
Constructing a stable income portfolio in today's volatile market favors CLO bond ETFs with strong yield and minimal drawdown. My recent portfolio revision removed underperforming or volatile funds, and adding top-performing AAA CLO ETFs and a diversified alternative. PAAA, CLOB, and UYLD are highlighted for superior total return, low drawdown, and attractive yield in their respective classes, with UYLD offering a near-treasury risk profile but higher yield.
UYLD: Continues To Do Its Job
UYLD continues to deliver a "cash plus" return, providing a significant spread (approximately 100 bps) over standard Treasury-only vehicles like BIL or TFLO. The fund has proactively shifted toward fixed-rate assets (now representing over 60% of the portfolio). Combined with a modest 0.7-year duration, this allows the fund to lock in higher yields. Despite its higher yield, the fund remains highly conservative, with over 96% of its holdings rated investment grade.
UYLD: Attractive Yield Enhancer
UYLD offers a compelling yield enhancement, delivering about 1% over Fed Funds with a 5.2% SEC yield and low volatility. The ETF's portfolio is 96% investment grade, focused on securitized products like ABS, CLOs, and agency MBS, with a 0.7-year duration. UYLD demonstrated resilience during the April 2025 risk-off event, outperforming similar funds in its asset class with minimal drawdown.
Angel Oak UltraShort Income Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| SMM Stephen Michael Mangold Tectonic Advisors LLC | 4,105 | $210,176 | $209,662.87 | -$513.13 | -0.24% |
| XPN XY Planning Network Inc. XY Planning Network Inc. | 63,626 | $3.25M | $3.25M | $43.14 | - |
 Adam J. Peck Riverwater Partners LLC | 9,244 | $472,307.57 | $472,368.4 | $60.83 | 0.01% |
| ED Eric Duncan NorthCrest Asset Manangement LLC | 101,036 | $5.16M | $5.16M | -$2,015.41 | -0.04% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 365 | $18,688 | $18,647.85 | -$40.15 | -0.21% |
Angel Oak UltraShort Income Fund (UYLD) FAQ
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Angel Oak UltraShort Income Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund is designed with a strategic investment approach focused on achieving a desired investment objective while maintaining a short-term investment horizon. It primarily targets securities that facilitate maintaining a dollar-weighted average maturity of less than two years and a dollar-weighted average duration of less than one year, aligning with the fund’s commitment to short-term investment goals. In its pursuit of investment opportunities, the fund is willing to allocate up to 25% of its net assets in Collateralized Loan Obligations (CLOs), showcasing flexibility in asset selection within defined risk parameters. Additionally, it demonstrates openness to investing in various investment companies, including but not limited to closed-end investment companies, open-end investment companies operating as mutual funds, Exchange-Traded Funds (ETFs), and Business Development Companies (BDCs). The fund is identified as non-diversified, indicating a focused investment strategy that may involve higher risks and potentially higher rewards due to concentrated investments in specific sectors or assets.
Products and Services
- Short-term Securities Investments
This service focuses on investing in securities that enable the fund to maintain a dollar-weighted average maturity of less than two years and a dollar-weighted average duration of less than one year. This strategy is tailored for investors looking for short-term investments with a specified maturity and duration threshold, emphasizing liquidity and reduced interest rate risk.
- Collateralized Loan Obligations (CLOs) Investments
Allocating up to 25% of its net assets in CLOs, the fund offers investors an opportunity to engage in higher-yielding, though potentially riskier, investment vehicles. CLOs investments diversify the fund’s portfolio by incorporating debt instruments backed by loan pools, possibly offering higher returns relative to other short-term investment options.
- Investment in Other Investment Companies
The fund diversifies its investment strategy by including investments in other investment companies, ranging from closed-end to open-end companies, including traditional mutual funds, ETFs, and BDCs. This approach offers investors exposure to a broad spectrum of assets and management styles, potentially enhancing the portfolio’s performance while adhering to the fund’s overall investment objective.
