Angel Oak Total Return ETF
The ETF.net TRBF Grade
B
Score 55 out of 100
- 6 of 10
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D35 out of 100Rank 7 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.A90 out of 100Rank 6 of 10Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 4 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B58 out of 100Rank 4 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C43 out of 100Rank 8 of 10Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D35 out of 100Rank 8 of 10
Our read on TRBF
In short
BAngel Oak built its name in mortgage credit, and TRBF is that playbook in an ETF: an actively managed bond fund that hunts relative value across securitized and corporate paper instead of tracking the Agg.
Stated mandate
The Fund seeks total return. It is actively managed and allocates among fixed-income asset classes according to the Adviser’s assessment of relative value rather than tracking a specified index.
Why people hold it
Worth knowing
TRBF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
TRBF$9,998
Returns run to the Oct 30, 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 | TRBF |
|---|---|
| Year to date | −0.4% |
| 1 month | +2.6% |
| 3 months | −0.3% |
| 1 year | 0.0% |
| 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 | TRBF |
|---|---|---|
| 2026 YTD | −0.4% | |
| 2025 | +1.0% |
TRBF in the news
TRBF Dividends
- $0.22 per share
- Monthly
Distribution data unavailable.
Distribution history
$10,000 in TRBF 1 year ago paid $510 in dividends.
TRBF Risk
- 5.2%
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.
- −0.70
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.
- −4.9%
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.
- 0.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
TRBF Cost
Overpaying vs JMBS, cheapest in Core Securitized Bond
$4,495
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
TRBF 0.44%
$8,852
JMBS 0.21% Cheapest
$4,357
Cost over time
Year by year
| Year | TRBF | JMBS | Overpaying |
|---|---|---|---|
| 10 | $794 | $383 | $411 |
| 20 | $3,061 | $1,491 | $1,570 |
| 30 | $8,852 | $4,357 | $4,495 |
You pay 0.44%Waived by Angel Oak 0.15%
Full fee 0.59% waiver 0.15% you pay 0.44%
Other funds in Core Securitized Bond
- BSECRNYLI MacKay Securitized Income ETFExpense ratio 0.28%1 year return −0.1%
- BJHMBJohn Hancock Mortgage-Backed Securities ETFExpense ratio 0.39%1 year return 0.0%
- CCARYAngel Oak Income ETFExpense ratio 0.80%1 year return +2.9%
- COWNSCCM Affordable Housing MBS ETFExpense ratio 0.68%1 year return +0.2%
- CDEEDFirst Trust Securitized Plus ETFExpense ratio 0.76%1 year return +1.1%