The Angel Oak Income ETF (CARY) is an actively managed multisector bond fund that commenced operations on November 7, 2022. It targets a trailing 12-month yield of 5.97% and a 30-day SEC yield. The fund's primary objective is to offer attractive income while managing risk effectively.
CARY has consistently demonstrated strong risk-adjusted returns, surpassing its benchmark, BND, and other significant competitors. This performance is attributed to its active management approach, which allows for dynamic adjustments to market conditions. The fund maintains a balanced risk profile by allocating 56.7% of its assets to investment-grade bonds and managing an effective duration of approximately four years, thereby mitigating both interest rate and credit risks.