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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q4 | Jan 27, 2026 | Angel Oak Multi-Strategy Income Fund | 1.6% | 7.7% | ANGIX, ANGLX | ABS, CLO, credit, duration, fixed income, Mortgage, RMBS, Securitized | The Fund maintains its largest allocation of approximately 45% in non-agency residential mortgage-backed securities (RMBS), supported by strong fundamentals including record levels of home equity, solid wage growth, and persistent supply-demand imbalance in the housing market. The sector returned 2.1% during the quarter, contributing 96 bps to overall performance. Resilience replaced uncertainty in the fourth quarter as the consumer, broader economy, and risk assets delivered solid results. The consumer remains a pillar of strength with unemployment at 4.4% and positive real wage gains continuing to support spending. Corporate earnings remain solid, enabling companies to pass through tariff and supply-chain cost increases while maintaining near-record margins. Credit markets advanced broadly with the Bloomberg U.S. Corporate High Yield Bond Index up 1.31% and Investment Grade Index up 0.84%. Securitized credit spreads continued to tighten throughout the fourth quarter despite record issuance across most securitized products. Credit spreads remain near the tightest levels in their historical range, leaving little margin for error. Overall risk appetite remains strong as market participants anticipate fiscal and monetary policy, along with regulatory tailwinds, to be supportive in the coming year. The K-shaped economy is evident in markets, with higher-quality issuers and collateral attracting strong demand across corporate and securitized markets. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
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| No pitches found. | |||||||||
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
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| No investor data available. | ||||||||