CARY
Angel Oak Income ETF
$20.95
+0.00%
Market closed. Last update: 10:51 PM ET
📎 Investment Objective
The Angel Oak Income ETF (CARY) seeks to provide current income.
Overview
ETF tracking Angel Oak Income ETF
Category Value
Issuer Other
Inception Date 2024-12-20
Market Cap $649.1M
Average Volume N/A
Dividend Yield 4.81%
52-Week Range $20.49 - $21.07
VWAP $20.93
Performance
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Investment Summary
📎 Investment Objective
The Angel Oak Income ETF (CARY) seeks to provide current income.
🎯 Investment Strategy
The fund invests primarily in a portfolio of fixed-income securities, including mortgage-backed securities, asset-backed securities, and corporate bonds. The fund's managers aim to generate income while managing risk through diversification and active security selection.
✨ Key Features
- Focuses on generating current income through a diversified portfolio of fixed-income securities
- Actively managed approach to security selection and risk management
- Relatively low expense ratio of 0.00%
- Limited performance history as the fund is new
⚠️ Primary Risks
- Interest rate risk: The fund's holdings may decline in value if interest rates rise
- Credit risk: The fund is exposed to the risk of default or downgrade of the fixed-income securities it holds
- Liquidity risk: Some of the fund's holdings may be less liquid, which could impact the fund's ability to sell them at favorable prices
- New fund risk: As a relatively new ETF, CARY has a limited performance track record
👤 Best For
The Angel Oak Income ETF may be suitable for investors seeking current income and a diversified fixed-income allocation, particularly those with a moderate risk tolerance. However, due to the fund's limited history, it may be more appropriate for investors with a longer-term investment horizon.