{
  "page": "compare",
  "query": {
    "a": "AOUAX",
    "b": "CARY"
  },
  "retrieved_at": "2026-07-07T19:06:31+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Angel Oak UltraShort Income Fund",
    "ticker": "AOUAX",
    "slug": "AOUAX",
    "series_id": "S000061509",
    "html_url": "https://fundwatcher.app/funds/AOUAX/"
  },
  "fund_b": {
    "name": "Angel Oak Income ETF",
    "ticker": "CARY",
    "slug": "CARY",
    "series_id": "S000077753",
    "html_url": "https://fundwatcher.app/funds/CARY/"
  },
  "overlap": {
    "coverage_a_by_b": "0.05304576318432361720802699982",
    "coverage_b_by_a": "0.05304576318432361720802699982",
    "shared_count": 20,
    "as_of": {
      "a": "2026-01-31",
      "b": "2026-01-31"
    },
    "a_top": [
      {
        "name": "FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND - CLASS U",
        "value": "20972721.57",
        "weight": "0.02577924",
        "shared": true
      },
      {
        "name": "BCC 2020-5A ARR 4/34",
        "value": "10812171.60",
        "weight": "0.01329010",
        "shared": false
      },
      {
        "name": "CIFC Funding Ltd., Series 2020-1A, Class A1R",
        "value": "10268368.00",
        "weight": "0.01262167",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "8740696.19",
        "weight": "0.01074389",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "8007355.49",
        "weight": "0.00984248",
        "shared": false
      },
      {
        "name": "Fannie Mae Pool",
        "value": "7941525.08",
        "weight": "0.00976156",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "7930880.08",
        "weight": "0.00974848",
        "shared": false
      },
      {
        "name": "BLKMM 2025-2A A CLO 144A FRN 11-21-33",
        "value": "7902346.30",
        "weight": "0.00971340",
        "shared": false
      },
      {
        "name": "Pagaya AI Debt Grantor Trust 2025-7",
        "value": "7004809.00",
        "weight": "0.00861017",
        "shared": false
      },
      {
        "name": "MULTIFAMILY PERMANENT MBS",
        "value": "6859495.70",
        "weight": "0.00843155",
        "shared": false
      },
      {
        "name": "MULTIFAMILY PERMANENT MBS",
        "value": "6467417.59",
        "weight": "0.00794962",
        "shared": false
      },
      {
        "name": "Freddie Mac Pool",
        "value": "6337166.65",
        "weight": "0.00778952",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "6302587.40",
        "weight": "0.00774701",
        "shared": false
      },
      {
        "name": "BCRED MML CLO 2022-1 LLC",
        "value": "6055404.34",
        "weight": "0.00744318",
        "shared": false
      },
      {
        "name": "Twin Brook Clo 2024-2 LLC",
        "value": "5500000.00",
        "weight": "0.00676049",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "5313435.65",
        "weight": "0.00653117",
        "shared": false
      },
      {
        "name": "Cerberus Loan Funding XL LLC",
        "value": "5010740.00",
        "weight": "0.00615910",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "5008815.00",
        "weight": "0.00615673",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "5006230.00",
        "weight": "0.00615356",
        "shared": true
      },
      {
        "name": "EART 2022-3A D",
        "value": "4917227.67",
        "weight": "0.00604416",
        "shared": false
      },
      {
        "name": "GS Mortgage-Backed Securities Trust, Series 2025-DSC2, Class A1",
        "value": "4906972.80",
        "weight": "0.00603155",
        "shared": false
      },
      {
        "name": "Trinitas CLO XIV Ltd., Series 2020-14A, Class A1R2",
        "value": "4800624.00",
        "weight": "0.00590083",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "4716256.09",
        "weight": "0.00579713",
        "shared": false
      },
      {
        "name": "PAGAYA AI DEBT SELECTION TRUST PAID 2025 5 C 144A",
        "value": "4518828.90",
        "weight": "0.00555445",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "4517731.48",
        "weight": "0.00555310",
        "shared": false
      },
      {
        "name": "CarVal CLO VI-C Ltd",
        "value": "4400000.00",
        "weight": "0.00540839",
        "shared": false
      },
      {
        "name": "Vista Point Securitization Trust, Series 2025-CES3, Class A1",
        "value": "4341815.08",
        "weight": "0.00533687",
        "shared": false
      },
      {
        "name": "FHMS K055 A2",
        "value": "4246831.58",
        "weight": "0.00522012",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "4174171.84",
        "weight": "0.00513081",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "4145774.38",
        "weight": "0.00509590",
        "shared": false
      },
      {
        "name": "TAOT 2024-D A3",
        "value": "4027199.20",
        "weight": "0.00495015",
        "shared": false
      },
      {
        "name": "Wells Fargo Commercial Mortgage Trust, Series 2025-VTT, Class C",
        "value": "4015684.00",
        "weight": "0.00493600",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "4014556.10",
        "weight": "0.00493461",
        "shared": false
      },
      {
        "name": "Towd Point Mortgage Trust 2025-CRM1",
        "value": "4008984.00",
        "weight": "0.00492776",
        "shared": false
      },
      {
        "name": "MFT 2023-3A D",
        "value": "3898308.14",
        "weight": "0.00479172",
        "shared": false
      },
      {
        "name": "SpringCastle America Funding LLC, Series 2020-AA, Class A",
        "value": "3874245.24",
        "weight": "0.00476214",
        "shared": false
      },
      {
        "name": "BRAVO Residential Funding Trust, Series 2024-CES2, Class A1A",
        "value": "3864407.41",
        "weight": "0.00475005",
        "shared": false
      },
      {
        "name": "Dryden CLO Ltd., Series 2018-61A, Class A1R2",
        "value": "3798301.04",
        "weight": "0.00466879",
        "shared": false
      },
      {
        "name": "VISTA POINT SECURITIZATION TRUST VSTA_25-CES2",
        "value": "3744760.61",
        "weight": "0.00460298",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "3739807.01",
        "weight": "0.00459689",
        "shared": false
      },
      {
        "name": "Towd Point Mortgage Trust, Series 2025-FIX1, Class A1",
        "value": "3732287.68",
        "weight": "0.00458765",
        "shared": false
      },
      {
        "name": "MULTIFAMILY PERMANENT MBS",
        "value": "3713710.27",
        "weight": "0.00456482",
        "shared": false
      },
      {
        "name": "KKR FINANCIAL CLO LTD KKR 18 A1R2 144A",
        "value": "3696743.95",
        "weight": "0.00454396",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "3650215.60",
        "weight": "0.00448677",
        "shared": false
      },
      {
        "name": "GREYWOLF CLO LTD GWOLF 2020 3RA A1R2 144A",
        "value": "3610834.94",
        "weight": "0.00443836",
        "shared": false
      },
      {
        "name": "SAIF Securitization Trust 2025-CES1",
        "value": "3599361.19",
        "weight": "0.00442426",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "3569516.85",
        "weight": "0.00438758",
        "shared": false
      },
      {
        "name": "XPO INC REGD 144A P/P 6.25000000",
        "value": "3557008.00",
        "weight": "0.00437220",
        "shared": false
      },
      {
        "name": "DT AUTO OWNER TRUST 2022 2",
        "value": "3556758.26",
        "weight": "0.00437189",
        "shared": false
      },
      {
        "name": "SOUND POINT CLO LTD SNDPT 2015 2A ARRR 144A",
        "value": "3537132.94",
        "weight": "0.00434777",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND - CLASS U",
        "value": "42527237.76",
        "weight": "0.05092637",
        "shared": true
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "13015977.00",
        "weight": "0.01558663",
        "shared": false
      },
      {
        "name": "iShares Broad USD High Yield Corporate Bond ETF",
        "value": "11574864.60",
        "weight": "0.01386090",
        "shared": false
      },
      {
        "name": "FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K-172 CL A2 V/R 4.58100000",
        "value": "11029601.00",
        "weight": "0.01320795",
        "shared": false
      },
      {
        "name": "FHMS K761 A2",
        "value": "10087790.00",
        "weight": "0.01208013",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "10012460.00",
        "weight": "0.01198992",
        "shared": true
      },
      {
        "name": "Unlock Hea Trust 2023-1 7%, Due 10/25/2038",
        "value": "9850170.00",
        "weight": "0.01179558",
        "shared": false
      },
      {
        "name": "FHMS K553 A2",
        "value": "7504380.00",
        "weight": "0.00898649",
        "shared": false
      },
      {
        "name": "FANNIE MAE POOL FN 09/49 FIXED 3",
        "value": "7469902.49",
        "weight": "0.00894521",
        "shared": false
      },
      {
        "name": "SYCAMORE TREE CLO 2023-3 LTD STCP 2023-3A BR",
        "value": "6454045.64",
        "weight": "0.00772872",
        "shared": false
      },
      {
        "name": "MFT 2023-1A D",
        "value": "6100210.73",
        "weight": "0.00730500",
        "shared": true
      },
      {
        "name": "Sequoia Mortgage Trust 2026-1",
        "value": "5976636.00",
        "weight": "0.00715702",
        "shared": false
      },
      {
        "name": "PRET 2025-RPL2 Trust",
        "value": "5951257.93",
        "weight": "0.00712663",
        "shared": false
      },
      {
        "name": "FNMA 30YR 5.5% 10/01/2053#CB7336",
        "value": "5542762.77",
        "weight": "0.00663746",
        "shared": false
      },
      {
        "name": "CPS Auto Receivables Trust 2024-A",
        "value": "5472232.48",
        "weight": "0.00655300",
        "shared": false
      },
      {
        "name": "Fannie Mae Pool",
        "value": "5433506.44",
        "weight": "0.00650662",
        "shared": false
      },
      {
        "name": "Bellemeade Re Ltd., Series 2025-1, Class M2",
        "value": "5306781.45",
        "weight": "0.00635487",
        "shared": false
      },
      {
        "name": "Extended Stay America Trust Series 22-ESH Class D",
        "value": "5060210.00",
        "weight": "0.00605960",
        "shared": false
      },
      {
        "name": "Brant Point CLO 2023-1 Ltd",
        "value": "5035300.00",
        "weight": "0.00602977",
        "shared": false
      },
      {
        "name": "FHMS K547 A2",
        "value": "5024555.00",
        "weight": "0.00601690",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "5020710.00",
        "weight": "0.00601230",
        "shared": false
      },
      {
        "name": "FR SL1634",
        "value": "4867674.99",
        "weight": "0.00582904",
        "shared": false
      },
      {
        "name": "ATLX Trust, Series 2024-RPL1, Class M1",
        "value": "4848275.00",
        "weight": "0.00580581",
        "shared": false
      },
      {
        "name": "MFT 2023-2A D",
        "value": "4597966.35",
        "weight": "0.00550606",
        "shared": false
      },
      {
        "name": "RCKT Mortgage Trust, Series 2021-5, Class A1",
        "value": "4548317.86",
        "weight": "0.00544661",
        "shared": false
      },
      {
        "name": "G2 MA8570",
        "value": "4405864.65",
        "weight": "0.00527602",
        "shared": false
      },
      {
        "name": "Freddie Mac Pool",
        "value": "4377289.62",
        "weight": "0.00524180",
        "shared": false
      },
      {
        "name": "Extended Stay America Trust Series 22-ESH Class E",
        "value": "4057272.00",
        "weight": "0.00485858",
        "shared": false
      },
      {
        "name": "Gallatin CLO XI 2024-1 Ltd",
        "value": "4034888.00",
        "weight": "0.00483178",
        "shared": false
      },
      {
        "name": "ICG US CLO 2023-1 I Ltd",
        "value": "4025056.00",
        "weight": "0.00482000",
        "shared": false
      },
      {
        "name": "AMMC CLO 32 Ltd",
        "value": "4013312.00",
        "weight": "0.00480594",
        "shared": false
      },
      {
        "name": "HPS Private Credit CLO 2024-2 LLC",
        "value": "4011076.00",
        "weight": "0.00480326",
        "shared": false
      },
      {
        "name": "Madison Park Funding XIX Ltd",
        "value": "4000000.00",
        "weight": "0.00479000",
        "shared": false
      },
      {
        "name": "FNMA 30YR 2% 12/01/2051#CB3000",
        "value": "3959232.46",
        "weight": "0.00474118",
        "shared": false
      },
      {
        "name": "Saluda Grade Alternative Mortgage Trust, Series 2025-NPL1, Class A1",
        "value": "3958199.97",
        "weight": "0.00473994",
        "shared": true
      },
      {
        "name": "Freddie Mac Pool",
        "value": "3873066.25",
        "weight": "0.00463800",
        "shared": false
      },
      {
        "name": "Columbia Cent CLO 27 Ltd",
        "value": "3863779.15",
        "weight": "0.00462688",
        "shared": false
      },
      {
        "name": "Vista Point Securitization Trust 2025-CES3",
        "value": "3828802.50",
        "weight": "0.00458499",
        "shared": false
      },
      {
        "name": "FR SL0716",
        "value": "3802671.70",
        "weight": "0.00455370",
        "shared": false
      },
      {
        "name": "Dryden 107 CLO Ltd",
        "value": "3684890.35",
        "weight": "0.00441266",
        "shared": false
      },
      {
        "name": "Deerpath Capital CLO 2024-1 Ltd",
        "value": "3527489.00",
        "weight": "0.00422417",
        "shared": false
      },
      {
        "name": "Carvana Auto Receivables Trust 2021-N4",
        "value": "3487838.67",
        "weight": "0.00417669",
        "shared": false
      },
      {
        "name": "J.P. Morgan Mortgage Trust 2024-10",
        "value": "3445098.57",
        "weight": "0.00412551",
        "shared": false
      },
      {
        "name": "Bellemeade Re Ltd., Series 2025-1, Class M1B",
        "value": "3420556.40",
        "weight": "0.00409612",
        "shared": false
      },
      {
        "name": "Freddie Mac Pool",
        "value": "3403128.37",
        "weight": "0.00407525",
        "shared": false
      },
      {
        "name": "BLAST 2023-1 E",
        "value": "3342408.99",
        "weight": "0.00400253",
        "shared": false
      },
      {
        "name": "BELLEMEADE RE 2025-1 LTD BMIR 2025 1 M1C 144A",
        "value": "3316517.75",
        "weight": "0.00397153",
        "shared": true
      },
      {
        "name": "CSMC 2021-NQM8",
        "value": "3312289.22",
        "weight": "0.00396647",
        "shared": false
      },
      {
        "name": "Fannie Mae Pool",
        "value": "3234568.71",
        "weight": "0.00387340",
        "shared": false
      },
      {
        "name": "Deephaven Residential Mortgage Trust, Series 2022-1, Class B2",
        "value": "3199372.00",
        "weight": "0.00383125",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0001193125-26-136731",
      "as_of": "2026-01-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1612930/000119312526136731/0001193125-26-136731-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001193125-26-136727",
      "as_of": "2026-01-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1612930/000119312526136727/0001193125-26-136727-index.htm"
    }
  ]
}