Angel Oak Capital Advisors Crosses $5 Billion in AUM

ATLANTA--(BUSINESS WIRE)-- Angel Oak Capital Advisors, LLC (Angel Oak Capital), an investment management firm focused on providing opportunistic fixed income investment solutions, announced that the firm has reached a milestone of $5 billion in assets under management across its family of investment products.

“Angel Oak Capital continues to grow as we identify new ways to provide innovative solutions for fixed income investors,” said co-founder and managing partner Brad Friedlander. “We are pleased to have achieved such a significant milestone and believe the continued demand for less traditional, credit-focused fixed income products will allow us greater room to grow.”

The company’s two public mutual funds, the Angel Oak Multi-Strategy Income Fund (ANGLX), which received an overall rating of 5 Stars* from Morningstar as of April 30, 2015, and the Angel Oak Flexible Income Fund (ANFLX) have been key drivers of asset growth for the firm. The Multi-Strategy Income Fund has over $4 billion in assets as of April 30, 2015 and seeks to deliver the best risk-adjusted opportunities in fixed income that offer the potential for both stable monthly dividends and price appreciation. The Fund is actively managed and has a current bias toward credit and low duration assets. The strategy will shift over time as the managers’ macro view on the economy, credit, interest rates and capital market conditions continue to change.

The new Flexible Income Fund, launched in November of 2014, has over $160 million in assets as of April 30, 2015. The Fund takes a distinct approach to credit investing, actively allocating across higher-yielding global fixed income instruments that may be less sensitive to changes in interest rates. The flexible nature of the Fund provides Angel Oak Capital’s portfolio managers with the freedom to invest in securities outside of indices, lowering the expected correlation to traditional fixed income. The Fund currently has a significant allocation to corporate credit with an emphasis in structured credit.

“We remain committed to creating investment vehicles that are positioned to capitalize on opportunities in asset classes that have been unavailable to investors in recent years. Focusing on this market segment has enabled us to sustain a strong growth rate,” added Sreeni Prabhu, co-founder and managing partner.

To learn more about Angel Oak Capital Advisors and its available funds, visit www.angeloakcapital.com.

About Angel Oak Capital Advisors, LLC

Angel Oak Capital Advisors is an investment management firm focused on providing compelling fixed income investment solutions for its clients. Backed by a value-driven approach, Angel Oak Capital seeks to deliver attractive risk-adjusted returns through a combination of stable current income and price appreciation. Our experienced investment team seeks the best opportunities in fixed income with a specialization in mortgage-backed securities as well as other areas of structured credit.

As of April 30, 2015, Angel Oak Capital has over $5 billion in assets under management through a combination of mutual funds, private funds and separately managed accounts. For more information, please visit: www.angeloakcapital.com.

Past results are not indicative of future results.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Angel Oak Funds. This and other important information about the Funds is contained in the Statutory & Summary Prospectuses, which can be obtained on the website at: www.angeloakcapital.com. The Prospectus should be read carefully before investing.

The Angel Oak Funds are distributed by Quasar Distributors, LLC.

Mutual fund investing involves risk. Principal loss is possible. The Funds can make short sales of securities, which involves the risk that losses in securities may exceed the original amount invested. Leverage, which may exaggerate the effect of any increase or decrease in the value of securities in a Fund’s portfolio on the Fund’s Net Asset Value and therefore may increase the volatility of a Fund. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are increased for emerging markets. Investments in fixed income instruments typically decrease in value when interest rates rise. Derivatives involve risks different from and, in certain cases, greater than the risks presented by more traditional investments. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of, such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. Investments in lower-rated and nonrated securities presents a greater risk of loss to principal and interest than higher-rated securities. A non-diversified fund, may be more susceptible to being adversely affected by a single corporate, economic, political or regulatory occurrence than a diversified fund. Funds will incur higher and duplicative costs when it invests in mutual funds, ETFs and other investment companies. There is also the risk that the Funds may suffer losses due to the investment practices of the underlying funds. For more information on these risks and other risks of the Funds, please see the Prospectus.

As of 4/30/15, Morningstar rating of 5 stars overall and 5 stars for the three-year period among 210 multisector bond funds. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

© 2015 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Duration: Measures a portfolio’s sensitivity to changes in interest rates. Generally, the longer the duration, the greater the price change relative to interest rate movements.

Correlation: A statistical measure of how two securities move in relation to another. Index used for comparison is the Barclays Aggregate Bond Index.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150527005178/en/

Media Contact:
Gregory FCA for Angel Oak Capital Advisors
Freddy Martino
610-228-2093
[email protected]
or
Company Contact:
Angel Oak Capital Advisors
Randy Chrisman, Marketing Director
404-953-4969
[email protected]

Source: Angel Oak Capital Advisors, LLC

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