ETF overview
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 improving their credit profile over time with attractive valuations. Among other criteria considered are maturity, yield and ratings, and price appreciation. Various factors evaluated include collateral quality, credit support, structure, and market conditions. The adviser also targets undervalued assets with relatively low volatility. The fund may also invest in mutual funds, ETFs, or BDCs.
Fund facts
- Expense ratio
- 1.00%
- Fund assets
- 1.45B USD (all share classes)
- Issuer
- Angel Oak
- Inception date
- Nov 7, 2022
- Number of holdings
- 797
Breakdown
Holdings (797)
| Name | Ticker | Weight |
|---|---|---|
| US 5YR NOTE (CBT) Dec26 | 7.52% | |
| Fannie Mae or Freddie Mac 6% 11/15/2041 | 4.28% | |
| First American Government Obligations Fund 02/01/2030 | 2.15% | |
| Fannie Mae or Freddie Mac 6.5% 11/15/2041 | 1.58% | |
| US 10YR NOTE (CBT)Dec26 | 1.58% | |
| Fannie Mae Pool 5.5% 07/01/2056 | 1.40% | |
| Freddie Mac Multifamily Structured Pass Through Certificates 4.2052% 11/25/2035 | 0.94% | |
| Freddie Mac Pool 5% 02/01/2056 | 0.89% | |
| Freddie Mac Multifamily Structured Pass Through Certificates 4.373% 09/25/2035 | 0.76% | |
| Freddie Mac Multifamily Structured Pass Through Certificates 4.3668% 08/25/2036 | 0.75% | |
| and 784 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 1.00%
- Fund assets
- 1.45B USD (all share classes)
- Issuer
- Angel Oak
- Inception date
- Nov 7, 2022
- Number of holdings
- 797
| Name | Ticker | Weight |
|---|---|---|
| US 5YR NOTE (CBT) Dec26 | 7.52% | |
| Fannie Mae or Freddie Mac 6% 11/15/2041 | 4.28% | |
| First American Government Obligations Fund 02/01/2030 | 2.15% | |
| Fannie Mae or Freddie Mac 6.5% 11/15/2041 | 1.58% | |
| US 10YR NOTE (CBT)Dec26 | 1.58% | |
| Fannie Mae Pool 5.5% 07/01/2056 | 1.40% | |
| Freddie Mac Multifamily Structured Pass Through Certificates 4.2052% 11/25/2035 | 0.94% | |
| Freddie Mac Pool 5% 02/01/2056 | 0.89% | |
| Freddie Mac Multifamily Structured Pass Through Certificates 4.373% 09/25/2035 | 0.76% | |
| Freddie Mac Multifamily Structured Pass Through Certificates 4.3668% 08/25/2036 | 0.75% | |
| and 784 more | ||
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 improving their credit profile over time with attractive valuations. Among other criteria considered are maturity, yield and ratings, and price appreciation. Various factors evaluated include collateral quality, credit support, structure, and market conditions. The adviser also targets undervalued assets with relatively low volatility. The fund may also invest in mutual funds, ETFs, or BDCs.
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