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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.
Interest rates remain elevated, with high-quality, lower-risk bonds and income securities offering competitive yields. Market volatility has some investors worried, and looking for safer investments. ETFs focusing on high-quality, lower-risk, short-term securities seem like particularly interesting choices right now. A quick look at four of these follows.
BINC and CARY are two of my top income ETFs. Both focus on high-quality, short-term bonds, with investments across fixed-income asset classes. BINC stands out for its broad diversification and lower expense ratio.
Some income ETFs offer investors diversified exposure to high-quality bonds across sub-asset classes. Of these, BINC, CARY, and CGMS seem like particularly strong choices, due to their above-average yields and returns, below-average risk and volatility. All are strong, broadly similar choices, with BINC having the most diversified portfolio, CGMS the highest returns, CARY the lowest volatility.
SEC filings for CARY aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.