Angel Oak Income ETF (CARY)
Angel Oak Income ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Atlanta, GA, US. The stock last traded at $20.71, up 0.15% on the session, giving a market capitalisation of $1.29B. Its beta of 0.45 implies it has historically moved less than the broad market.
CARY provides broad exposure to USD-denominated debt securities of various credit quality and maturities. Investments include structured products, loans, corporate debt, US Treasury, and government agency securities. Structured products include CLOs and CDOs, which may comprise up to 25% of the portfolio. More than 25% are invested in mortgage-related instruments and up to 15% in illiquid investments. Issuers selected depend on the advisers view of best value relative to the market. Using fundamental research and analysis, the actively managed fund considers issuers believed as capable of improving their credit profile over time with attractive valuations. Among other criteria considered are maturity, yield and ratings, and price appreciation. Various factors evaluated include collateral quality, credit support, structure, and market conditions. The adviser also targets undervalued assets with relatively low volatility. The fund may also invest in mutual funds, ETFs, or BDCs.
Angel Oak Income ETF is most often compared with the following Financial Services names: