Investment objective & strategy
As of Dec. 8, 2025 · prospectusObjective. The investment objective of the Angel Oak Total Return ETF (the Fund) is total return.
Strategy. Brookfield Public Securities Group LLC, the Funds subadviser (the Subadviser), is responsible for managing a portion of the Funds portfolio that is allocated to corporate debt. Brookfield Public Securities Group LLC, the Funds subadviser (the Subadviser), is responsible for managing a portion of the Funds portfolio that is allocated to corporate debt.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Willow Tree Clo I LLC | — | $1.01M | 4.80% |
| US TREASURY N/B | — | $821.92K | 3.92% |
| FANNIE MAE POOL | — | $811.57K | 3.87% |
| Fannie Mae Pool | — | $691.17K | 3.29% |
| FREDDIE MAC POOL UMBS P#QE0312 2.00000000 | — | $636.38K | 3.03% |
| Uniform Mortgage-Backed Securities | — | $573.81K | 2.74% |
| FNMA 30YR 5.5% 10/01/2053#CB7336 | — | $573.39K | 2.73% |
| UMBS | — | $517.65K | 2.47% |
| FNMA 30YR 2% 09/01/2051#BT0240 | — | $500.81K | 2.39% |
| FN MA4437 | — | $498.92K | 2.38% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Angel Oak Mortgage-Backed Securities ETF · MBS | 16% | 0.49% |
| Strive Total Return Bond ETF · STXT | 15% | 0.49% |
| Angel Oak Income ETF · CARY | 13% | 0.79% |
Footnotes
- Expense ratio as of October 3, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
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