Angel Oak Capital Advisors, LLC (Angel Oak Capital), an investment management firm focused on providing opportunistic fixed income investment solutions, has announced that its recently launched Angel Oak Flexible Income Fund (ANFLX, ANFIX) has been made available on the Charles Schwab, Pershing and BB&T mutual fund platforms.
The Angel Oak Flexible Income Fund takes a distinct approach to credit investing, actively allocating across higher-yielding global fixed income instruments, with the flexibility to shift among structured credit and corporate credit as well as emerging asset classes that may not be as sensitive to changes in interest rates. The Fund seeks to deliver current income and total return.
“We’re excited to add this new fund to our growing lineup of fixed income investment products and are pleased to announce its availability on three leading mutual fund platforms. The Flexible Income Fund furthers our goal of providing investors with exposure to less traditional, potentially higher-income-producing assets that also have the potential for capital appreciation,” said Brad Friedlander, the firm’s Head Portfolio Manager. “The ‘flexible’ nature of the fund provides our portfolio managers with the freedom to invest in securities outside of indices, lowering the expected correlation to traditional fixed income.”
Similar to the firm’s Angel Oak Multi-Strategy Income Fund (ANGLX, ANGIX), the Angel Oak Flexible Income Fund currently favors collateralized loan obligations (CLOs) over high-yield corporate debt. “Angel Oak Capital has been using alternatives to high-yield debt for several years,” noted Friedlander. “The majority of our corporate credit exposure is in CLOs, as this asset class offers stronger yields and relative valuation strength over high-yield corporate debt.”
For more information on the Flexible Income Fund, please contact Investor Relations at 888.685.2915 or 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 and other areas of structured credit.
As of 12/31/14, Angel Oak Capital has approximately $4.4 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.
MUTUAL FUNDS INVOLVE RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL.
Past results are not indicative of future results. There is risk of loss when investing in mutual funds. 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 Prospectus, which can be obtained on the website at: www.angeloakcapital.com. The Prospectus should be read carefully before investing.
Angel Oak Flexible Income Fund is distributed by Quasar Distributors,
LLC.
Angel Oak Multi-Strategy Income Fund is distributed by Unified
Financial Securities, Inc., 2960 North Meridian Street, Suite 300,
Indianapolis, IN 46208
Quasar and Unified Financial Securities are
not affiliated.
References to other funds should not be interpreted as an offer of these securities.
Important information about the Flexible Income Fund
Mutual fund investing involves risk. Principal loss is possible. The Fund can make short sales of securities, which involves the risk that losses in securities may exceed the original amount invested. The Fund may use leverage, which may exaggerate the effect of any increase or decrease in the value of securities in the Fund’s portfolio on the Fund’s Net Asset Value and therefore may increase the volatility of the 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. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The Fund is non-diversified, so it may be more susceptible to being adversely affected by a single corporate, economic, political or regulatory occurrence than a diversified fund. The Fund will incur higher and duplicative costs when it invests in mutual funds, ETFs and other investment companies. There is also the risk that the Fund may suffer losses due to the investment practices of the underlying funds. For more information on these risks and other risks of the Fund, please see the Prospectus. No investment strategy, including a total return strategy, can ensure a profit or protect against loss. Additionally, investing in a total return strategy may result in underperformance during a bull market. For more information on these risks and other risks of the fund, please see the Prospectus.
Important information about the Multi-Strategy Fund
The Fund invests in high-yield securities and unrated securities of similar credit quality (commonly known as junk bonds), as well as derivatives of such securities, and therefore is likely to be subject to greater levels of interest rate, credit and liquidity risk than funds that do not invest in such securities. These securities are considered predominantly speculative with respect to the issuers’ continuing ability to make principal and interest payments. An economic downturn or period of rising interest rates could adversely affect the market for these securities and reduce the Fund’s ability to sell these securities (liquidity risk). If the issuer of a security is in default with respect to interest or principal payments, the Fund may lose its entire investment. The value of some mortgage-backed securities may be particularly sensitive to changes in prevailing interest rates, and although the securities are generally supported by some form of government or private insurance, there is no assurance that private guarantors or insurers will meet their obligations. No investment strategy, including an absolute return strategy, can ensure a profit or protect against loss. Additionally, investing in an absolute return strategy may result in underperformance during a bull market. For more information on these risks and other risks of the fund, please see the prospectus.
