Angel Oak Financial Strats Income Term:FINS

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$18.34$19.04-3.68%
    52 Wk Avg$17.11$18.63-8.15%
    52 Wk High$18.53$19.04-2.75%
    52 Wk Low$15.71$18.32-14.53%
    Regular Distribution TypeIncome Only
    Distribution Rate7.10%
    Distribution Amount$0.1085
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund will, under normal circumstances, invest at least 80% of the value of its net assets plus the amount of any borrowings for investment purposes in the securities of financial institutions (measured at the time of purchase). For purposes of the Fund’s 80% investment policy, the Fund may invest in debt securities, including sub-debt, unrated debt, senior debt, preferred securities, high yield securities, and TruPS; equity securities, including common equity, preferred equity, convertible securities, and warrants.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$406.323M
    Total Common Assets:$289.960M
    Common Shares Outstanding:15,228,998
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $116.363M
    Regulatory Leverage (USD): $30.000M
    Effective Leverage (USD): $116.363M
    Effective Leverage (%): 28.64%
    Annual Expense Ratios

    As of 1/31/2021

      Per Common Share
    Management Fees1.90%
    Other Expenses:0.21%
    Baseline Expense: N/A
    Interest Expense:1.10%
    Total: 3.20%
    Fund Management

    Fund Sponsor
    Angel Oak Capital Advisors, LLC

    Portfolio Managers
    Sreeniwas (Sreeni) V. Prabhu, Navid Abghari, Johannes Palsson, Cheryl Pate

    Basics
    Category: Hybrid-U.S. Allocation
    Ticker: FINS
    NAV Ticker: XFINX
    Average Daily Volume (shares): 47,486
    Average Daily Volume (USD): $0.809M
    Inception Date: 5/29/2019
    Inception Share Price: $20.00
    Inception NAV: $20.00
    Tender Offer: No
    Term: Yes
    Fiscal Year End: January 31
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 1/31/2021
    $0.3983
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    6.84%
    Total Return on NAV (12 months):
    As of 6/11/2021
    9.77%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    5.73%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    28.64%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-6.46%
    1 Year-8.15%
    3 Year 
    5 Year 
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month1.06
    6 Month1.33
    1 Year1.80
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF US Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD12.37%4.54%17.07%11.35%
    2020-12.51%-1.67%0.91%6.36%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2021
    Category: Morningstar US CEF US Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    5.73%
    Number of Holdings:
    As of 3/31/2021
    139
    Annual Portfolio Turnover:
    As of 1/31/2021
    24.55%
    Average Bond Price:
    As of 3/31/2021
    $103.02
    Asset Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)97.99%
    Corporate Bond89.44%
    Preferred Stock7.75%
    Cash Equivalents0.81%
    Cash Equivalents (Super Sector)0.81%
    Bank Loan0.79%
    Asset Backed0.57%
    Securitized (Super Sector)0.57%
    Cyclical (Super Sector)0.52%
    Real Estate0.46%
    Top Holdings

    As of 3/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Fidelity Bank 5.88%$12.62M3.15%
    First Business Fin 5.5%$11.20M2.80%
    BankGuam Holding Company 6.35%$9.33M2.33%
    Luther Burbank Corporation 6.5%$8.65M2.16%
    Triumph Bancorp, Inc. 4.88%$7.91M1.98%
    Banterra Bank of Marion 6%$7.75M1.94%
    First Internet Bancorp 6%$7.65M1.91%
    First Southwest Corporation 6.35%$7.29M1.82%
    National Bank of Indianapolis Corp 5.5%$7.15M1.79%
    Bank of Commerce Holdings 6.88%$6.50M1.63%
    Maturity Breakdown

    As of 3/31/2021 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income85.26%
    Others - Fixed Income2.84%
    New Zealand - Fixed Income1.53%
    United States - Equity0.52%
    United Kingdom - Fixed Income0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1456789PR-Y1220W