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CARY provides broad exposure to USD-denominated debt securities of various credit quality and maturities. Investments include structured products, loans, corporate debt, US Treasury, and government agency securities. Structured products include CLOs and CDOs, which may comprise up to 25% of the portfolio. More than 25% are invested in mortgage-related instruments and up to 15% in illiquid investments. Issuers selected depend on the advisers view of best value relative to the market. Using fundamental research and analysis, the actively managed fund considers issuers believed as capable of…
Is CARY's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Angel Oak Income ETF has delivered a stable, well-defined uptrend and outperformed peers since April 2025. CARY's portfolio remains MBS-heavy, but risk has increased with below-investment-grade exposure rising from 30% to 38%. The expense ratio has risen from 0.79% to 0.99% after a fee waiver expired, now nearly double the peer median.
The Angel Oak Income ETF focuses on high-quality, shorter-term MBS, with sizable investments in a couple other bond sub-asset classes. CARY's investment thesis is quite strong and balanced, with the fund offering investors an above-average 6.1% yield, above-average returns since inception, and below-average realized volatility. The main disadvantage is its 0.79% expense ratio, but the fund has more than earned its fees in the past.
Flow Traders U.S. LLC bought a new stake in Angel Oak Income ETF (NASDAQ: CARY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,856 shares of the company's stock, valued at approximately $579,000. Flow Traders U.S.
Advocacy Wealth Management Services LLC increased its stake in Angel Oak Income ETF (NASDAQ: CARY) by 7.3% in the undefined quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,058,325 shares of the company's stock after acquiring an additional 140,275 shares during the period. Angel Oak Income ETF
Angel Oak Income ETF is well-positioned to benefit from a Fed rate-cutting cycle, focusing on mortgages and structured credit with solid fundamentals. CARY targets intermediate-term bonds, offering exposure to segments with depressed valuations and strong credit quality, especially as spreads normalize post-tightening. Active management enables CARY to quickly adjust duration and credit quality, capturing opportunities in securitized credit while mitigating interest-rate and credit risks.