Angel Oak Multi-Strategy Income Fund

U.S. News evaluated 80 Multisector Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 6.29 percent over the past year, and 11.39 percent over the past three years.

Trailing Returns Updated 06.30.2014
Year to date 3.6%
1 Year 6.3%
3 Years (Annualized) 11.4%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks current income. The fund invests primarily in asset-backed fixed income securities, including securities backed by assets such as credit card receivables, student loans, automobile loans and residential and commercial real estate. It may allocate its assets so as to focus on particular types of asset-backed fixed income securities. The fund may invest, without limitation, in corporate debt securities of any quality and maturity, including junk bonds, and securities that are not rated by any rating agencies.

Fees

Fees are Low compared to funds in the same category.
Angel Oak Multi-Strategy Income Fund has an expense ratio of 1.99 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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See Also:

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