(CARY) Angel Oak Income - NASDAQ

Angel Oak Income ETF (CARY) is a non-diversified, multisector bond ETF that invests across a broad range of securitized and structured debt products. Its core holdings include agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), collateralized mortgage obligations (CMOs), collateralized bond obligations (CBOs), and asset-backed securities (ABS). The ABS portion is backed by underlying assets such as unsecured consumer loans, credit card receivables, student loans, automobile loans, loans financing solar energy systems, and residential and commercial real estate.

In addition to securitized debt, the fund holds whole mortgage loans, secured and unsecured consumer loans, commercial loans, corporate debt, and U.S. Treasury and U.S. government agency securities. As a structured credit fund operating in the multisector bond category, CARYs strategy focuses on income generation through exposure to non-government-backed segments of the securitization market, where issuers range from government-sponsored entities to private corporations. Its non-diversified status allows for greater concentration in specific issuers or sectors than diversified funds.