UYLD
Angel Oak UltraShort Income ETF
📎 Investment Objective
The Angel Oak UltraShort Income ETF (UYLD) seeks to provide current income consistent with the preservation of capital and daily liquidity.
Overview
ETF tracking Angel Oak UltraShort Income ETF
Performance
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Investment Summary
📎 Investment Objective
The Angel Oak UltraShort Income ETF (UYLD) seeks to provide current income consistent with the preservation of capital and daily liquidity.
🎯 Investment Strategy
The fund invests primarily in a portfolio of short-duration, investment-grade fixed income securities and other debt instruments. The portfolio is actively managed to maintain a weighted average effective duration of one year or less.
✨ Key Features
- Focuses on short-duration, investment-grade fixed income securities to generate current income
- Actively managed portfolio with a target weighted average effective duration of one year or less
- Aims to provide preservation of capital and daily liquidity
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Interest rate risk: The value of the fund's investments may decline due to increases in interest rates
- Credit risk: The issuer of a security held by the fund may default on its obligation to pay principal and/or interest
- Liquidity risk: The fund may not be able to sell a security at the time and price that would be most beneficial to the fund
- Active management risk: The fund's performance could be worse than the overall market if the manager's decisions are unsuccessful
👤 Best For
The Angel Oak UltraShort Income ETF may be suitable for investors seeking current income and preservation of capital, with a low tolerance for volatility and a short-term investment horizon. The fund's focus on short-duration, investment-grade fixed income securities makes it appropriate for investors looking to reduce interest rate risk and maintain a stable, liquid portfolio.