Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:$100MM In a Year Not Rated 1.0 Email Routing List Email & Route  Print Print
Thursday, November 2, 2023

$100MM In a Year

Reported by Neil Anderson, Managing Editor

The team at a $16.5-billion-AUM (as of June 30) fixed income asset manager in Georgia is celebrating a big milestone for their first ETF.

Sreeni Prabhu
Angel Oak Capital
Managing Partner, Co-Founder, Group Chief Investment Officer
Late last month, Ward Bortz, managing director and head of distribution for public strategies at Atlanta-based Angel Oak Capital Advisors LLC [profile], and Sreeni Prabhu, group chief investment officer and managing partner, confirmed that their Angel Oak UltraShort Income ETF (UYLD on the NYSE Arca, Inc.) surpassed $100 million before reaching the fund's first birthday on October 24, 2023. The actively managed, non-diversified fund is a series of the Angel Oak Funds Trust.

UYLD comes with an expense ratio of 29 basis points, including a 26bps fee waiver promised through May 31, 2024. The fund had $105.7 million in AUM as of market close yesterday. (Angel Oak also offers a similar, five-year-old, traditional, open-end mutual fund, which now has about $521 million in AUM.)

Angel Oak Capital Advisors, LLC serves as investment advisor to UYLD. The fund's PM team includes: Sam Dunlap, chief investment officer for public strategies; Nichole Hammond, senior portfolio manager; Matthew Kennedy, head of corporate credit and senior PM; Berkin Kologlu, senior PM; Kin Lee, senior PM; Colin McBurnette, senior PM; Johannes Palsson, senior PM; Cheryl Pate, senior PM; Clayton Triick, senior PM; and Bortz.

Prabhu notes that the Angel Oak team delivers "a broad platform of distinct investment strategies to both institutional investors and advisors." They launched a second ETF last November, and the team hints that they plan to roll more ETFs out in 2024. All told, the 87-employee, 15-year-old firm offers more than 50 investment vehicles in total, including: five traditional open-end mutual funds, hedge funds, an interval fund, a closed-end fund, and a UCITS fund.

"We remain in a complex fixed-income environment, but our approach to managing duration risk coupled with the ability to find higher income without reducing credit quality has resonated with investors across Angel Oak's broad platform, including our ETF solutions," Bortz states.

"We believe that the infrastructure we have built over the past ten years combined with our investment prowess can help build a leading ETF platform dedicated to delivering differentiated, structured credit-driven solutions for advisors," Prabhu states.

UYLD's other service providers include: Cohen & Company, Ltd. as independent accounting firm; Dechert LLP as counsel; ACA Foreside's Quasar Distributors, LLC as distributor; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, fund accountant, and transfer agent; and U.S. Bank National Association as custodian. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

1.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


    Sorry, no records in the database matched your search parameters. Clich back and try again.



  1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
  2. MFDF Director Discussion Series - Open Forum, July 9
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use