Angel Oak Ultrashort Income ETF

Frequently Asked Questions About UYLD

What does UYLD invest in?

This fund is designed to meet its investment objectives by typically allocating capital to debt instruments that result in a dollar-weighted average maturity of under two years and a dollar-weighted average duration of less than one year. It possesses the flexibility to commit as much as 25% of its net assets to Collateralized Loan Obligations (CLOs). Additionally, the fund may hold shares in other pooled investment products, including both closed-end and open-end funds, which could take the form of traditional mutual funds, Exchange-Traded Funds (ETFs), or Business Development Companies (BDCs). Investors should note that it is classified as a non-diversified fund.

What is the expense ratio of UYLD?

Angel Oak Ultrashort Income ETF (UYLD) charges an expense ratio of 0.56%. This is the annual fee deducted from fund assets to cover management and operations.

What is UYLD's dividend yield?

UYLD's trailing-twelve-month yield is 4.69%, calculated from the sum of dividends over the past year divided by the current price.

How big is UYLD?

Angel Oak Ultrashort Income ETF (UYLD) manages $1.55B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is UYLD actively managed or an index fund?

UYLD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was UYLD launched?

Angel Oak Ultrashort Income ETF (UYLD) launched in October 2022 and is managed by Angel Oak.