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Angel Oak Income ETF

CARY
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Nov 07 2022
Expense Ratio
0.79%
Type
US Bonds
Fund Owner
Angel Oak
Volume (1m avg. daily)
$90,343
AUM
$33,505,230
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
GNMA PASS-THRU M SINGLE FAMILY 5% 12/20/2052
2.98%
n/a
GNMA PASS-THRU M SINGLE FAMILY 5% 10/20/2052
2.97%
n/a
GNMA PASS-THRU M SINGLE FAMILY 4.5% 11/20/2052
2.94%
n/a
FNMA UMBS 5% 11/01/2052
2.94%
n/a
FHLMC UMBS 4.5% 07/01/2052
2.85%
n/a
Cash & Other
2.71%
n/a
VERUS SEC TR 2021-1 1.968% 01/25/2066
2.23%
n/a
SYMPHONY CLO LTD 2015-16R 5.9424% 10/15/2031
2.13%
n/a
U.S. AUTO FUNDING TRUST 2020-1 D 9.35% 03/15/2027
2.08%
n/a
GNMA PASS-THRU M SINGLE FAMILY 5% 11/20/2052
2.08%
Invest with CARY

What is CARY?

The Angel Oak Income ETF (Fund) seeks the best risk-adjusted opportunities in fixed income that offer the potential for both stable income and price appreciation. The team employs a top-down approach to identify relative value opportunities and a bottom-up credit selection process to select individual issues. The primary focus of Fund assets will be within residential mortgage-backed securities, asset-backed securities, commercial mortgage-backed securities and collateralized loan obligations. The managers will invest opportunistically across a wide range of credits and issuer types based on relative value within structured credit.

ETFs related toCARY

ETFs correlated to CARY include UNIY, SHM, CMBS

CARY
Angel Oak Funds Trust - Angel Oak Income ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
SHM
SPDR Series Trust - SPDR Nuveen Bloomberg Short Term Municipal Bond ETF
CMBS
BlackRock Institutional Trust Company N.A. - iShares CMBS ETF
IBMO
iShares Trust - iShares iBonds Dec 2026 Term Muni Bond ETF
VUSB
Vanguard Group, Inc. - Vanguard Ultra-Short Bond ETF
JSCP
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Short Duration Core Plus ETF
LMBS
First Trust Exchange-Traded Fund III - First Trust Low Duration Opportunities ETF
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
UTWO
Rbb Fund Inc - US Treasury 2 Year Note ETF
DBND
DoubleLine ETF Trust - DoubleLine Opportunistic Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

CARY is a US Bonds ETF. The Angel Oak Income ETF (Fund) seeks the best risk-adjusted opportunities in fixed income that offer the potential for both stable income and price appreciation. The team employs a top-down approach to identify relative value opportunities and a bottom-up credit selection process to select individual issues. The primary focus of Fund assets will be within residential mortgage-backed securities, asset-backed securities, commercial mortgage-backed securities and collateralized loan obligations. The managers will invest opportunistically across a wide range of credits and issuer types based on relative value within structured credit.

Yes, CARY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CARY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CARY is 0.0138%. This is the percent change in the value of CARY over the most recent 1-month period. The 3-month return on CARY is 0.021%. This is the percent change in the value of CARY over the most recent 3-month period.

ETFs similar to CARY include JBBB, UYLD, and AAA.

ETFs correlated to CARY include UNIY, SHM, and CMBS.

ETFs that are inversely correlated to CARY include TYO, PST, and CTA.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.