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Angel Oak Core Impact Fund

Prospectus Fact Sheet Fund Alert

Total Assets

$36.0M

As of 6/30/22
Core Impact Fund
Fact Sheet

Overview

The Angel Oak Core Impact Fund seeks total return while giving special consideration to positive aggregate environmental, social, and/or governance (ESG) impact outcomes. The Fund will look to allocate capital to fixed income securities that have a positive impact on the global environment across all levels of society. The Fund also utilizes active engagement with issuers to positively impact their ESG factors by promoting sustainable practices.

Key Impact Goals:

Expanding Access to Consumer Credit:
Targeting structured investments in credits to near prime and low-to-moderate-income borrowers to assist in broadening credit availability for U.S. consumers

Broadening Access to Housing:
Mortgage credit lending through agency and non-agency residential mortgage-backed securities (RMBS) investments, particularly to first-time buyers, small-business owners, and self-employed borrowers

Supporting Small Businesses:
Investing in community banks that are Small Business Administration (SBA)-approved lenders

Sponsoring Community Development:
Investing in community banks with strong Community Reinvestment Act (CRA) ratings

Embedding Environmental Sustainability:
Investing in green commercial and residential MBS that meet ENERGY STAR® and Center for International Climate Research (CICERO) environmental standards
Promoting CDP environmental reporting elements in public disclosures to improve transparency

Strengthening Corporate Governance:
Targeting companies with strong and improving ESG factors
Promoting the Sustainable Accounting Standards Board (SASB) ESG/sustainable disclosure framework to improve transparency

Supporting the Provision of Quality Healthcare Services:
Investing in companies and asset-backed securities that provide financing for medical equipment, medical services and facilities that provide healthcare

ESG Incorporation:

The ESG team partners with the portfolio managers to identify industries, sectors, issuers, and assets that provide positive environmental, societal and governance opportunities. All assets held in the portfolio are evaluated in accordance with Angel Oak’s Responsible Investment Policy.

Objective

The investment objective of the Angel Oak Core Impact Fund is total return while giving special consideration to positive aggregate environmental, social, and governance outcomes.

As of 8/31/2022

30-Day SEC Yields

Subsidized3.36%
Unsubsidized2.90%

Performance

Total Returns

Performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than what is stated.

The inception date of the Angel Oak Core Impact Fund I Class (AOIIX) was 6/1/21

Fund Statistics

Distributions

*Due to our annual tax review, there was additional earned income that was required to be paid out prior to the calendar year end.

Portfolio

Strategy Allocation

Credit Quality

The Fund may invest, without limitation, in securities of any quality and maturity.

Bond ratings are grades given to bonds that indicate their credit quality as determined by a private independent rating service such as Standard & Poor’s. The firm evaluates a bond issuer’s financial strength, or its ability to pay a bond’s principal and interest in a timely fashion. Ratings are expressed as letters ranging from AAA, which is the highest grade, to D, which is the lowest grade. In limited situations when the rating agency has not issued a formal rating, the Adviser will classify the security as nonrated.

Fund Characteristics

Fund Information

Gross and net expense ratios are reported as of the 5/31/22 prospectus. The Adviser has contractually agreed to waive its fees to limit the Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement to 0.59% of the Fund’s average daily net assets through 5/31/23. The net expense ratio is applicable to investors.

Management Team

Clayton Triick, CFA®

Senior Portfolio Manager

Sam Dunlap

Chief Investment Officer, Public Strategies

Colin McBurnette

Senior Portfolio Manager

Robert McDonough

Director of ESG and Regulatory Initiatives

Recent Insights

Core Impact Fund Commentary

Read commentary

Documents

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Any views expressed on the site you are about to visit, or any articles or interviews therein are those of the participants and are not intended as a forecast or as investment recommendations. Information provided with respect to the Fund’s Portfolio Holdings, Sector Weightings, Number of Holdings, Performance and Expense Ratios are as of the dates described in the article and are subject to change at any time.

 

Multi-Strategy Income Fund Prospectus
Financials Income Fund Prospectus
High Yield Opportunities Fund Prospectus
UltraShort Income Fund Prospectus
Strategic Credit Fund Prospectus
Core Impact Fund Prospectus
 

Return to the Angel Oak Website to access standardized performance or recent portfolio holdings or positions ( Multi-Strategy Income Fund Performance, Financials Income Fund Performance, High Yield Opportunities Fund Performance, UltraShort Income Fund Performance, Strategic Credit Fund Performance, Core Impact Fund Performance).

 

Important Social Media Disclosures

 

Performance data current to the most recent month-end and quarter-end can be obtained by clicking the links above.

Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than what is stated.

 

Mutual fund investing involves risk. Principal loss is possible. The Funds can make short sales of securities, which involves the risk that losses in securities may exceed the original amount invested. Leverage, which may exaggerate the effect of any increase or decrease in the value of securities in a Fund’s portfolio on the Fund’s Net Asset Value and therefore may increase the volatility of a Fund. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are increased for emerging markets. Investments in fixed income instruments typically decrease in value when interest rates rise. Derivatives involve risks different from and, in certain cases, greater than the risks presented by more traditional investments. Investments in asset backed and mortgage‐backed securities include additional risks that investors should be aware of, such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. Investments in lower‐rated and nonrated securities presents a greater risk of loss to principal and interest than higher‐rated securities. A non‐diversified fund, may be more susceptible to being adversely affected by a single corporate, economic, political or regulatory occurrence than a diversified fund. Funds will incur higher and duplicative costs when it invests in mutual funds, ETFs and other investment companies. There is also the risk that the Funds may suffer losses due to the investment practices of the underlying funds. For more information on these risks and other risks of the Funds, please see the Prospectus.

 

There is no guarantee that this or any investment strategy will succeed; the strategy is not an indicator of future performance; and investment results may vary.

References to other mutual funds should not be interpreted as an offer of these securities.

Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.

Diversification does not guarantee a profit or protect from loss in a declining market.

Indexed annuities are complex, not suitable for all investors, and due to surrender charges it is possible to lose money.

Upside potential may be limited due to participation rates.

The Angel Oak Funds are distributed by Quasar Distributors, LLC.

 

 

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