Angel Oak’s Multi-Strategy Income Fund Receives 5 Star Morningstar Rating - Ranked #1 in Multisector Bond category based on three-year record
ATLANTA--(BUSINESS WIRE)--Angel Oak Capital Advisors, LLC announced today that the Angel Oak Multi-Strategy Income Fund (ANGLX Class A shares) received an overall 5 Star Rating from investment research firm Morningstar, Inc. among 214 multisector bond funds as of 6/30/2014. The Star Rating measures a fund’s risk-adjusted returns compared to its peer group. Mutual funds are rated 1 to 5 stars, with the top 10% of funds in each category receiving five stars. In addition, the fund ranked #1 among the 214 multisector bond funds in three-year performance history as of 6/30/2014.
“We have been very pleased with the fund’s performance”
“Financial advisors and shareholders have responded very favorably to the fund since its launch on June 28, 2011,” said Brad Friedlander, Managing Partner and Head Portfolio Manager. The fund offers investors a non-traditional approach to income generation, moving nimbly among structured credit markets such as Residential Mortgage-Backed Securities, Asset-Backed Securities, Commercial Mortgage-Backed Securities and Collateralized Loan Obligations.
“We have been very pleased with the fund’s performance,” said Sreeni Prabhu, Chief Investment Officer and Managing Partner for the firm. “We strive to provide attractive risk-adjusted returns in all market environments for our investors, and we are proud to have achieved this 5 star rating.”
The Angel Oak Multi-Strategy Income Fund is opportunistic and focuses on identifying undervalued assets and price dislocations within all corners of the debt markets. “We have positioned the fund to provide a hedge against inflation and rising interest rates,” said Friedlander, “always closely monitoring quality and diversification.”
About Angel Oak Capital Advisors, LLC
Angel Oak Capital Advisors, LLC is an Atlanta-based, SEC registered firm currently managing investments on behalf of public, private, and institutional clients. Founded in April of 2008, the firm has grown to over $3.5 Billion in assets under management (AUM), predominately in non-agency residential mortgage-backed securities (RMBS) and other structured credit securities.
For more information, please visit http://www.angeloakfunds.com
Performance data is based upon past performance, which is no guarantee of future results. The investment return and principal value of an investment 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 the performance data quoted. Please call 1-888-685-2915 to obtain performance data as of the most recent month-end.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Past performance is no guarantee of future results. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.
The Morningstar Rankings represent a fund’s total-return rank relative to all funds that have the same Morningstar Category. The highest rank is 1 and the lowest is based on the total number of funds ranked in the category. Morningstar total return includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees.
The value of some mortgage-backed securities may be particularly sensitive to changes in prevailing interest rates, and although the securities are generally supported by some form of government or private insurance, there is no assurance that private guarantors or insurers will meet their obligations. Diversification does not ensure a profit or guarantee against loss.
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. Current performance of the Fund may be lower or higher than the performance quoted. The Fund is a non-diversified portfolio which means that it has the ability to take larger positions in a smaller number of securities than a portfolio that is “diversified”. Non-diversification increases the risk that the value of the Fund could go down because of poor performance of a single investment. The Fund may hold securities that may have a structure that makes their reaction to interest rate changes and other factors difficult to predict, making their value highly volatile. The ability of the Fund to successfully utilize such instruments may depend on the ability of the Fund’s Adviser to forecast interest rates and other economic factors.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund’s prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund’s prospectus by calling 1-888-685-2915 or visiting www.angeloakfunds.com.
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2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)