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ETFs

Angel Oak UltraShort Income ETF

UYLD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 24 2022
Expense Ratio
0.29%
Type
US Bonds
Fund Owner
Angel Oak
Volume (1m avg. daily)
$148,503
AUM
$47,668,340
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 2.5% 01/31/2025
4.09%
n/a
Cash & Other
2.72%
n/a
U.S. AUTO FUNDING TRUST 2020-1 D 9.35% 03/15/2027
2.44%
n/a
MADISON PARK FDG XXX 2018-30 A 5.5424% 04/16/2029
2.14%
n/a
WESTLAKE AUTO REC TR 2023-1 5.51% 06/15/2026
2.10%
n/a
FHLMC REMIC SERIES K-F61 5.1043% 03/25/2029
1.92%
n/a
CITIBANK CCIT 2017-A5 5.3723% 04/22/2026
1.89%
n/a
VOYA CLO TAD 2014-2RR 5.8124% 04/17/2030
1.81%
n/a
TOWD PT MTG TR 2019-HY3 5.617% 10/27/2059
1.68%
n/a
MADISON PK FDG XIII 2014-13R2 B-R2 20300419 FLT 6.2976% 04/19/2030
1.65%
Invest with UYLD

What is UYLD?

The Angel Oak UltraShort Income ETF (Fund) will invest across a diversified basket of U.S. fixed income. The primary focus of Fund assets will be within the best relative value opportunities of structured credit, including RMBS, CMBS, ABS, and CLOs. The Fund may also include allocations to government bonds and agency-backed securities, which include U.S. Treasury securities, agency RMBS, and agency CMBS. This combination of structured credit, U.S. Treasuries, corporates, and agency-backed bonds should provide balance to the Fund and enhance price stability. The Fund's average rate duration will be maintained below 1.0.

ETFs related toUYLD

ETFs correlated to UYLD include BGRN, UNIY, SMMU

UYLD
Angel Oak Funds Trust - Angel Oak UltraShort Income ETF
BGRN
iShares Trust - iShares USD Green Bond ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
SMMU
Pimco Exchange Traded Fund - PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
IBMM
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2024 Term Muni Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
BNDX
Vanguard Group, Inc. - Vanguard Total International Bond ETF
TAFI
AB Active ETFs Inc - AB Tax-Aware Short Duration Municipal ETF
IAGG
BlackRock Institutional Trust Company N.A. - iShares International Aggregate Bond Fund

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.

Automated Strategies
Related toUYLD

#TOTAL

The Total Package

Category

Getting Started, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with UYLD using Composer

FAQ

UYLD is a US Bonds ETF. The Angel Oak UltraShort Income ETF (Fund) will invest across a diversified basket of U.S. fixed income. The primary focus of Fund assets will be within the best relative value opportunities of structured credit, including RMBS, CMBS, ABS, and CLOs. The Fund may also include allocations to government bonds and agency-backed securities, which include U.S. Treasury securities, agency RMBS, and agency CMBS. This combination of structured credit, U.S. Treasuries, corporates, and agency-backed bonds should provide balance to the Fund and enhance price stability. The Fund's average rate duration will be maintained below 1.0.

Yes, UYLD 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, UYLD 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 UYLD is 0.0091%. This is the percent change in the value of UYLD over the most recent 1-month period. The 3-month return on UYLD is 0.0187%. This is the percent change in the value of UYLD over the most recent 3-month period.

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

ETFs correlated to UYLD include BGRN, UNIY, and SMMU.

ETFs that are inversely correlated to UYLD include BITI, DBMF, and TYO.

Disclaimers

*

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.