AOUIX – Angel Oak UltraShort Income Instl Investment Strategy | Morningstar

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Strategy

The investment seeks to provide current income while seeking to minimize price volatility and maintain liquidity. The fund invests primarily in agency and non-agency residential mortgage-backed securities (“RMBS”), asset-backed securities (“ABS”),. It may invest, without limitation, in securities of any maturity and duration, but, under normal circumstances, the fund will have a dollar-weighted average maturity of less than two years and a dollar-weighted average duration of less than one year.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
AOUAX	Angel Oak UltraShort Income Fund Class A	No Load	Open			Apr 30, 2018	$32.81M	0.600%	Above Average	$1,000	$5.33M
AOUIX	Angel Oak UltraShort Income Fund Institutional Class	Institutional	Open			Apr 2, 2018	$800.18M	0.350%	Average	$500,000	$79.49M
AOUNX	Angel Oak UltraShort Income Fund Class A1	Front Load	Open			Jul 22, 2022	$9.10M	0.600%	Average	$1,000	$7.88M

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