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About Angel Oak Mortgage-Backed Securities ETF
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Inception date
Feb 20, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Angel Oak Capital Advisors LLC
Distributor
Quasar Distributors LLC
MBS targets US mortgage-backed securities, aiming to optimize returns and manage risks by investing based on prevailing market conditions and perceived value. It holds RMBS, CMBS, CDOs, and CMOs of any quality. This would include those rated as high yield, capped at 30%. In addition, it may invest in ABS, US government securities, derivatives, foreign debts, BDCs, ETFs, and corporate debts. The fund identifies issuers with potential credit profile improvement and attractive valuations based on various factors such as collateral quality, credit support, structure, market conditions, maturity, yield, ratings, and price appreciation potential. The fund diversifies risks across position sizes, geography, ratings, duration, deal structure, ESG factors, and collateral values while targeting undervalued assets. Holdings vary in maturity, aiming for a dollar-weighted average of 2-15 years. On Feb. 20, 2024, MBS converted into an actively managed ETF, starting with $30.6 million in net assets.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized114.46%
Mutual fund1.48%
Cash−15.94%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MBS last dividends amounted to 0.04 USD. The year before, the issuer paid 0.04 USD in dividends, which shows a 2.65% decrease.
MBS assets under management is 180.85 M USD. It's risen 2.25% over the last month.
MBS fund flows account for 113.33 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MBS pays dividends to its holders with the dividend yield of 5.03%. The last dividend (Jun 2, 2025) amounted to 0.04 USD. The dividends are paid annually.
MBS shares are issued by Angel Oak Cos. LP under the brand Angel Oak. The ETF was launched on Feb 20, 2024, and its management style is Active.
MBS expense ratio is 0.49% meaning you'd have to pay 0.49% of your investment to help manage the fund.
MBS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MBS invests in bonds.
MBS price has risen by 1.17% over the last month, and its yearly performance shows a 1.88% increase. See more dynamics on MBS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.11% over the last month, showed a 0.92% increase in three-month performance and has increased by 3.83% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.11% over the last month, showed a 0.92% increase in three-month performance and has increased by 3.83% in a year.
MBS trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.