---
ticker: "MBS"
name: "Angel Oak Mortgage-Backed Securities ETF"
url: "https://etf.net/etf/MBS"
grade: "D"
score: 26
graded_at: "2026-10-12"
category: "Mortgage-Backed Securities"
category_rank: "23 of 25"
methodology: "https://etf.net/methodology"
---

# MBS: Angel Oak Mortgage-Backed Securities ETF

Grade **D**, Score 26 of 100. Rank 23 of 25 in Mortgage-Backed Securities.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 0 | 25 of 25 |
| Mission | 29 | 16 of 20 |
| Risk | 38 | 13 of 25 |
| Tradability | 45 | 13 of 25 |
| Holdings | 47 | 17 of 25 |
| Durability | 43 | 18 of 25 |

## Top holdings

The fund holds 159 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Fannie Mae or Freddie Mac 5.5% 11/15/2040 | 10.83% |
| 2 | — | Fannie Mae or Freddie Mac 5% 11/15/2040 | 5.50% |
| 3 | — | Fannie Mae or Freddie Mac 6% 11/15/2041 | 3.18% |
| 4 | — | Fannie Mae Pool 2% 02/01/2052 | 2.56% |
| 5 | — | Fannie Mae Pool 3.5% 12/01/2052 | 2.25% |
| 6 | — | Point Securitization Trust 2026-2 5.25% 07/25/2056 | 2.06% |
| 7 | — | Sequoia Mortgage Trust 2023-4 5.5414% 11/25/2053 | 2.04% |
| 8 | — | Aspire Mortgage Trust 2026-5 6.3916% 08/25/2066 | 1.99% |
| 9 | — | Towd Point Mortgage Trust 4.4304% 07/20/2066 | 1.97% |
| 10 | — | Freddie Mac Pool 2.5% 02/01/2042 | 1.67% |
| 11 | — | RCKT Mortgage Trust 2021-5 2.5% 11/25/2051 | 1.59% |
| 12 | — | Freddie Mac Pool 2.5% 09/01/2050 | 1.56% |
| 13 | — | GS Mortgage-Backed Securities Trust 2024-RPL2 4.1119% 07/25/2061 | 1.54% |
| 14 | — | Fannie Mae Pool 2% 09/01/2041 | 1.43% |
| 15 | — | PRET 2025-RPL1 Trust 4% 07/25/2069 | 1.39% |
| 16 | — | New Residential Mortgage Loan Trust 2026-NQM1 6.5734% 11/25/2065 | 1.37% |
| 17 | — | Fannie Mae Pool 6.5% 03/01/2053 | 1.34% |
| 18 | — | Fannie Mae Pool 2% 11/01/2041 | 1.22% |
| 19 | — | Fannie Mae Pool 2% 06/01/2041 | 1.19% |
| 20 | — | Fannie Mae Pool 2% 01/01/2042 | 1.18% |
| 21 | — | Verus Securitization Trust 2021-4 3.052% 07/25/2066 | 1.17% |
| 22 | — | GCAT 2025-INV5 Trust 5.5% 12/25/2055 | 1.16% |
| 23 | — | Prpm 2026-RCF4 Llc 5.25% 06/25/2056 | 1.15% |
| 24 | — | New Residential Mortgage Loan Trust 2022-NQM4 6% 06/25/2062 | 1.14% |
| 25 | — | Verus Securitization Trust 2026-7 6.8319% 09/25/2071 | 1.14% |
| 26 | — | Freddie Mac Pool 4.5% 02/01/2054 | 1.11% |
| 27 | — | Saluda Grade Alternative Mortgage Trust 2026-LOC6 6.501% 06/25/2056 | 1.08% |
| 28 | — | Deephaven Residential Mortgage Trust 2026-HE1 6.7403% 09/25/2056 | 1.07% |
| 29 | — | Freddie Mac Pool 2.5% 09/01/2052 | 1.06% |
| 30 | — | FIGRE Trust 2026-HF7 5.4403% 07/25/2056 | 1.03% |

Source: etf.net, https://etf.net/etf/MBS. Please cite the page URL.