ANHIX Performance — Angel Oak High Yield Opportunities Fund, Institutional Class
Data updated: 2024-04-09
ANHIX returned +9.76% over one year to Jan 2024. The annualised 3-year return is +3.37%. The fund beat its High Yield Bond category average: $100 invested three years ago grew to $110, against $104 for the category, and to $110 over one year, against $108. Volatility over the past three years was 6.77% a year. In the 12 months to Jan 2024 the fund took in a net $38.0M, and assets reached $71.92M.
ANHIX Growth of $100
What $100 invested in Angel Oak High Yield Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | ANHIX | Category average |
|---|---|---|
| 1 year (Feb 2023 – Jan 2024) | $110 | $108 |
| 3 years (Feb 2021 – Jan 2024) | $110 | $104 |
| Since data start (Aug 2019 – Jan 2024) | $121 | $113 |
ANHIX Trailing Returns
Total returns to Jan 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +9.76% |
| 3 years (annualised) | +3.37% |
ANHIX Annual Returns
Calendar-year total returns of Angel Oak High Yield Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Jan) | +0.64% |
| 2023 | +12.53% |
| 2022 | −7.57% |
| 2021 | +6.05% |
| 2020 | +5.07% |
| 2019 (Aug–Dec) | +3.66% |
ANHIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +0.6% | — | — | — | — | — | — | — | — | — | — | — |
| 2023 | +3.2% | −0.8% | +0.9% | +1.1% | −0.7% | +1.3% | +1.8% | +0.4% | −0.3% | −1.0% | +3.1% | +3.0% |
| 2022 | −1.8% | −0.8% | −0.5% | −2.8% | +0.1% | −6.0% | +4.4% | −0.8% | −3.2% | +3.1% | +1.4% | −0.7% |
| 2021 | +0.5% | +0.8% | +0.7% | +1.1% | +0.5% | +0.9% | −0.1% | +0.3% | +0.3% | +0.1% | −0.8% | +1.7% |
| 2020 | −0.3% | −1.5% | −13.5% | +3.1% | +6.2% | +1.8% | +4.1% | +1.2% | −1.1% | +0.3% | +3.9% | +2.2% |
| 2019 | — | — | — | — | — | — | — | +0.4% | +0.3% | −0.3% | +0.9% | +2.4% |
ANHIX Risk
Risk measures from monthly returns over Feb 2021 – Jan 2024.
- 3-year volatility (annualised): 6.77%
- 3-year Sharpe ratio: -0.17 (vs 4.5% risk-free rate)
- Best month: +4.44% (Jul 2022)
- Worst month: −6.05% (Jun 2022)
ANHIX Fund Flows
Monthly money in and out of Angel Oak High Yield Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: $38.0M
- 12-month gross sales (incl. reinvestments): $22.5M
- Sales ÷ redemptions: -1.46×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jan 2024 | $3.1M | −$1.8M | $4.9M |
| Dec 2023 | $519K | −$325K | $843K |
| Nov 2023 | $2.3M | −$2.1M | $4.4M |
| Oct 2023 | $2.4M | −$979K | $3.4M |
| Sep 2023 | $609K | −$270K | $879K |
| Aug 2023 | $750K | −$391K | $1.1M |
| Jul 2023 | $764K | −$558K | $1.3M |
| Jun 2023 | $1.7M | −$4.7M | $6.4M |
| May 2023 | $3.3M | −$1.8M | $5.1M |
| Apr 2023 | $2.3M | −$363K | $2.7M |
| Mar 2023 | $3.9M | −$1.4M | $5.3M |
| Feb 2023 | $865K | −$794K | $1.7M |
ANHIX Assets Under Management
Net assets of Angel Oak High Yield Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-01-31 | $71.92M |
| 2023-10-31 | $67.02M |
| 2023-07-31 | $66.70M |
| 2023-04-30 | $67.54M |
| 2023-01-31 | $63.09M |
| 2022-10-31 | $68.81M |
| 2022-07-31 | $67.75M |
| 2022-04-30 | $70.24M |
| 2022-01-31 | $74.39M |
| 2021-10-31 | $75.21M |
| 2021-07-31 | $75.00M |
| 2021-04-30 | $73.34M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.