ANGCX

Active

Angel Oak Multi-Strategy Income Fund

Category: US Bond (5,386 funds)

Expense Ratio

2.39%

Annual Cost per $10K

$239.00

30-Year Fee Drag per $10K

$37,468

at 7% annual return

Fund Type

Mutual Fund

Active

Trailing 12-Month

+6.13%

Asset Allocation

US Bond

90%

Intl Bond

Cash

Fee Comparison

ANGCX

2.39%

US Bond average

0.76%

US Bond cheapest

ABIMX

0.00%

Index benchmark

0.03%

214% more expensive than category average

Historical Returns

Monthly total returns (dividends reinvested) from SEC N-PORT filings · As of October 2025 · Updated quarterly

+17.10%3Y

Compare to

Fee Impact Calculator

Investment

Years

Annual Return

ANGCX at 2.39%$193,271

At index rates (0.03%)$377,424

Zero fees (theoretical)$380,613

Total fee drag$187,342

Cost vs index fund−$184,154

Similar Funds (100)

Ranked by allocation similarity weighted by fund size · Returns (dividends reinvested) from SEC N-PORT filings · As of October 2025

Ticker	Name	ER	1yr	3yr	5yr
ANGCX	Angel Oak Multi-Strategy Income Fund	2.39%	+6.13%	+5.40%	+1.37%
VBTSX	VANGUARD TOTAL BOND MARKET INDEX FUND	—	—	—	—
VBSSX	VANGUARD SHORT-TERM BOND INDEX FUND	—	—	—	—
VIBSX	VANGUARD INTERMEDIATE-TERM BOND INDEX FUND	—	—	—	—
QCBMFX	College Retirement Equities Fund - Core Bond Account	—	+3.35%	+5.71%	—
VBLTX	VANGUARD LONG-TERM BOND INDEX FUND	—	—	—	—
JCBPX	JPMorgan Core Bond Fund	1.33%	+3.25%	+3.03%	-0.39%
ABNDX	Bond Fund of America	1.04%	+2.69%	+4.64%	-0.29%
PONRX	PIMCO Income Fund	1.48%	+6.55%	+8.17%	+3.60%
CCBFX	Capital Group Central Corporate Bond Fund	—	+3.73%	+4.53%	—
FSMMX	FS Multi-Strategy Alternatives Fund	1.99%	-43.93%	-43.32%	—
ANGLX	Angel Oak Multi-Strategy Income Fund	1.64%	+6.97%	+6.21%	+2.16%
NHCCX	Nuveen High Yield Municipal Bond Fund	1.80%	-0.58%	+4.42%	+1.01%
QCILFX	College Retirement Equities Fund - Inflation-Linked Bond Account	—	+4.85%	+5.53%	—
JCPPX	JPMorgan Core Plus Bond Fund	1.14%	+3.47%	+3.44%	-0.03%
FBKWX	Fidelity Total Bond Fund	0.75%	+3.99%	+4.27%	+0.57%
DODIX	Dodge & Cox Income Fund$1M min	0.41%	+3.39%	+6.56%	+1.28%
PTTCX	PIMCO Total Return Fund	1.60%	+3.23%	+4.92%	-0.90%
BAGSX	Baird Aggregate Bond Fund	0.55%	+2.91%	+5.31%	-0.36%
GIBAX	Guggenheim Total Return Bond Fund	0.84%	+4.19%	+6.08%	+0.31%
FZICX	Fidelity Intermediate Municipal Income Fund	1.41%	-3.46%	-6.03%	-9.81%
IIBAX	VOYA INTERMEDIATE BOND FUND	1.43%	+3.08%	+5.62%	-0.05%
GGLPX	Goldman Sachs High Yield Municipal Fund	1.59%	-0.06%	+6.12%	+1.96%
LFMAX	LoCorr Macro Strategies Fund	2.13%	+1.86%	-1.14%	+3.48%
AHICX	American High-Income Municipal Bond Fund	1.36%	+3.26%	+6.98%	+2.01%
UINCX	Victory Income Fund	0.84%	+5.93%	+6.54%	+0.81%
AHLAX	American Beacon AHL Managed Futures Strategy Fund	1.85%	-4.27%	-4.10%	+4.19%
JBFRX	Bond Fund	0.46%	+3.37%	+3.61%	-0.09%
FFRAX	Fidelity Advisor Floating Rate High Income Fund	0.73%	-5.49%	-16.23%	-20.26%
FBNDX	Fidelity Investment Grade Bond Fund	0.75%	+3.44%	+3.44%	-0.20%
PCRRX	PIMCO CommodityRealReturn Strategy Fund	1.25%	+10.94%	+4.13%	+12.18%
MHCAX	NYLI MacKay High Yield Corporate Bond Fund	0.96%	+5.95%	+8.33%	+4.85%
GAKPX	Goldman Sachs Core Fixed Income Fund	1.46%	+3.05%	+5.47%	-0.39%
ABYAX	Abbey Capital Futures Strategy Fund	1.79%	-4.08%	-2.92%	+2.90%
WAPIX	Western Asset Core Bond Fund	0.80%	+2.46%	+4.78%	-1.46%
RAMAX	Short-Term Bond Fund of America	1.38%	+3.88%	+3.06%	+0.72%
PARRX	PIMCO Real Return Fund	0.75%	+4.56%	+5.38%	+1.51%
NMBAX	Nuveen Intermediate Duration Municipal Bond Fund	1.44%	+2.12%	+4.60%	+1.11%
CITEX	American High Income Trust	0.93%	+6.96%	+10.60%	+6.43%
LWCPX	Western Asset Core Plus Bond Fund	1.51%	+4.26%	+5.16%	-1.83%
RFXAX	Rational Special Situations Income Fund	2.01%	+4.76%	+6.39%	+4.26%
TSIAX	Thornburg Strategic Income Fund	1.00%	+4.59%	+6.55%	+3.14%
TLIBX	American Funds Inflation Linked Bond Fund	0.70%	+5.10%	+1.39%	+0.61%
RTECX	Tax-Exempt Bond Fund	1.51%	+2.94%	+4.27%	+0.59%
AIMCX	Diversified Municipal Portfolio	1.44%	+1.40%	+3.45%	+0.55%
IORHX	Invesco Rochester Municipal Opportunities Fund	1.17%	-2.67%	+2.61%	+1.19%
BICAX	Sterling Capital Total Return Bond Fund	0.70%	-19.25%	-5.19%	-6.15%
PRCIX	T. Rowe Price New Income Fund, Inc.	0.44%	+2.96%	+2.49%	-0.77%
FAAWX	Nuveen All-American Municipal Bond Fund	1.62%	+0.79%	+4.93%	+0.20%
BFCAX	American Funds Corporate Bond Fund	1.48%	+2.89%	+3.82%	-0.85%
ARBOX	ABSOLUTE CONVERTIBLE ARBITRAGE FUND	1.73%	+7.51%	—	—
FAFJX	Nuveen Limited Term Municipal Bond Fund	1.43%	+2.02%	+2.98%	+0.53%
NTBCX	Navigator Tactical Fixed Income Fund	2.07%	+1.95%	+6.24%	+3.04%
LCRAX	Lord Abbett Core Fixed Income Fund	0.81%	+3.34%	+3.14%	-0.45%
PLFLX	Aristotle Floating Rate Income Fund	1.05%	+6.54%	—	—
MMHBX	MFS Municipal High Income Fund	1.36%	+2.34%	+6.43%	+1.27%
ECHMX	Eaton Vance National Municipal Income Fund	1.46%	-1.08%	+4.05%	-0.03%
NSTCX	Neuberger Berman Strategic Income Fund	1.70%	+7.93%	+8.19%	+3.07%
DDLDX	DoubleLine Low Duration Bond Fund	0.70%	+4.94%	+5.95%	+3.10%
LIGRX	Loomis Sayles Investment Grade Bond Fund	0.74%	+2.71%	+5.88%	+1.31%
ACTFX	Invesco High Yield Municipal Fund	1.13%	-2.99%	+0.94%	-0.03%
JAFLX	Janus Henderson Flexible Bond Portfolio$1M min	0.82%	+2.98%	+4.98%	-0.05%
MMHAX	NYLI MacKay High Yield Muni Bond Fund	0.85%	+2.66%	+7.74%	+2.12%
PSIOX	Short-Term Income Fund	1.27%	+4.87%	+5.29%	+1.76%
PMZAX	PIMCO Mortgage Opportunities and Bond Fund	2.54%	+5.20%	+6.34%	+2.72%
IORAX	Invesco AMT-Free Municipal Income Fund	1.67%	-2.03%	+2.19%	+0.45%
AFFMX	American Funds Mortgage Fund	0.68%	+4.14%	+2.79%	+0.23%
HYLS	First Trust Tactical High Yield ETF	1.05%	+7.61%	+8.57%	+3.96%
VPVRRDV	PIMCO Real Return Portfolio	1.07%	+4.33%	+5.29%	+1.59%
LOTAX	LoCorr Market Trend Fund	2.02%	-1.03%	-3.63%	+5.92%
SRLN	SPDR Blackstone Senior Loan ETF	0.70%	+7.51%	+8.80%	+5.47%
NECRX	Loomis Sayles Core Plus Bond Fund	1.49%	+2.28%	+4.39%	-0.92%
JAGBX	Select Bond Trust	0.60%	+2.97%	+5.29%	-0.17%
XFFLX	Franklin Floating Rate Master Series	—	+6.16%	+9.89%	+7.63%
JGCGX	JPMorgan Income Fund	0.39%	+6.58%	+5.52%	+2.95%
MBFAX	Allspring Core Bond Fund	0.65%	+6.07%	+5.62%	+2.12%
FCSHX	Fidelity Limited Term Municipal Income Fund	1.27%	-2.49%	-6.41%	-9.79%
BKLN	Invesco Senior Loan ETF	0.65%	+7.19%	+8.20%	+5.50%
NVHAX	Nuveen Short Duration High Yield Municipal Bond Fund	1.06%	+1.91%	+4.69%	+3.20%
UCON	First Trust Smith Unconstrained Bond ETF	0.86%	+5.27%	+5.57%	+2.96%
BIMSX	Baird Intermediate Bond Fund	0.55%	+4.00%	+5.32%	+0.75%
MTBAX	NYLI MacKay Tax Free Bond Fund	0.74%	+3.94%	+5.59%	+1.02%
DBSCX	DoubleLine Selective Credit Fund$1M min	—	+6.63%	+7.17%	+4.01%
PTCIX	PIMCO Long-Term Credit Bond Fund$1M min	1.51%	+1.94%	+7.57%	-1.71%
MWCPX	TCW METWEST UNCONSTRAINED BOND FUND	0.89%	+5.89%	+7.45%	+3.06%
PHDCX	PIMCO High Yield Fund	1.70%	+5.43%	+8.97%	+3.52%
NVDL	GraniteShares 2x Long NVDA Daily ETF	1.15%	+60.88%	+32.23%	—
PLIAX	Aristotle Core Income Fund	0.85%	+3.38%	—	—
FFQAX	Franklin Federal Tax-Free Income Fund	0.79%	+3.20%	+6.12%	+1.06%
BRMSX	Bramshill Income Performance Fund$1M min	1.44%	+2.09%	—	—
SMAMX	ALPS \| Smith Total Return Bond Fund	0.89%	-19.26%	-19.45%	-23.51%
PTFAX	PIMCO RAE Fundamental Advantage PLUS Fund	1.73%	-0.34%	+1.02%	+2.28%
AKGCX	AB Income Fund	1.55%	+5.71%	+5.95%	-0.50%
DDCFX	DoubleLine Core Fixed Income Fund	0.50%	+3.60%	+5.71%	+0.65%
PYMAX	PIMCO High Yield Municipal Bond Fund	0.86%	+0.38%	+5.88%	+1.89%
ERIBX	Eaton Vance Income Fund of Boston	1.25%	+7.25%	+8.84%	+5.20%
PBFRX	Victory Pioneer Bond Fund	1.11%	—	—	—
JADFX	Janus Henderson Flexible Bond Fund	0.83%	+2.72%	+4.74%	-0.36%
THRRX	Thornburg Limited Term Income Fund	0.49%	+4.74%	+6.15%	+1.89%
TRKZX	T. Rowe Price High Yield Fund, Inc.	0.60%	+8.32%	+9.55%	+5.47%
FIXD	First Trust Smith Opportunistic Fixed Income ETF	0.65%	+2.83%	+2.67%	-1.00%

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