Angel Oak High Yield Opportunities ETF
$10.87−0.07 (−0.63%)
- Expense ratio
- 0.55%
- Fund size
- $119M
- 1Y return
- +3.7%
- Yield · Last 12 months
- 6.65%
- Volume · 30D
- 0.1M sh
- NAV per share
- $10.93
- 52W range
The ETF.net AOHY Grade
Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 25Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 78Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 63Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 34Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 49Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 43Category rank
Our read on AOHY
CAn actively managed junk-bond fund in an aisle stacked with ultra-cheap index trackers. The mandate is income first, capital appreciation second, and the cash goes out monthly.
The fund seeks a high level of current income and, secondarily, capital appreciation.
Why people hold it
- Income is the job, not a byproduct: the fund seeks a high level of current income, with capital appreciation named only as a secondary goal.
- Distributions land monthly rather than quarterly, which lines up with how most people actually pay bills.
- The strategy predates the wrapper: this objective traces to a prospectus filed years before the ETF itself launched in 2024.
- Plain 1940 Act fund structure, and our review turned up no structural quirks to work around.
Worth knowing
- At 0.55% a year it sits above the 0.40% cohort median, and index rivals like SCYB (0.03%) and USHY (0.08%) charge a sliver of that. The premium buys the active call.
- It trades lightly next to the cohort's index heavyweights, so limit orders matter more here than with the big passive names.
- A 2024 launch means a short record, and on our overall read it lands in the lower half of the high yield group.
AOHY Holdings
- Stocks
- —
- 15%
- First American Government Obligations Fund 02/01/2030
Sectors
- Materials100.0%
AOHY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | AOHY |
|---|---|
| Year to date | +2.9% |
| 1 month | −0.6% |
| 3 months | +0.5% |
| 1 year | +3.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | AOHY |
|---|---|---|
| 2026 YTD | +2.9% | |
| 2025 | +7.6% | |
| 2024 | +7.5% |
AOHY in the news
ETF.net Research hasn’t filed on AOHY yet — coverage lands here as it’s written.
AOHY Dividends
- 6.65%
- $0.73
- $0.06 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 1, 2026 | $0.06 |
| Jul 31, 2026 | Aug 3, 2026 | $0.06 |
| Jun 30, 2026 | Jul 1, 2026 | $0.06 |
| May 29, 2026 | Jun 1, 2026 | $0.06 |
| Apr 30, 2026 | May 1, 2026 | $0.06 |
| Mar 31, 2026 | Apr 1, 2026 | $0.07 |
| Feb 27, 2026 | Mar 2, 2026 | $0.05 |
| Jan 30, 2026 | Feb 2, 2026 | $0.05 |
| Dec 31, 2025 | Jan 2, 2026 | $0.08 |
| Nov 28, 2025 | Dec 1, 2025 | $0.05 |
| Oct 31, 2025 | Nov 3, 2025 | $0.06 |
| Sep 30, 2025 | Oct 1, 2025 | $0.06 |
AOHY Risk
- 2.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.00
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.43
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
AOHY Cost
- The middle half of US High Yield funds
- Median 0.43%
59 of the 84 US High Yield funds charge less.