---
ticker: "TRBF"
name: "Angel Oak Total Return ETF"
url: "https://etf.net/etf/TRBF"
grade: "C"
score: 54
graded_at: "2026-10-12"
category: "Core Securitized Bond"
category_rank: "6 of 10"
methodology: "https://etf.net/methodology"
---

# TRBF: Angel Oak Total Return ETF

Grade **C**, Score 54 of 100. Rank 6 of 10 in Core Securitized Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 33 | 7 of 10 |
| Mission | 88 | 5 of 10 |
| Risk | 54 | 4 of 10 |
| Tradability | 58 | 4 of 10 |
| Holdings | 43 | 7 of 10 |
| Durability | 35 | 8 of 10 |

## Top holdings

The fund holds 320 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | US 5YR NOTE (CBT) Dec26 | 18.33% |
| 2 | — | Freddie Mac Pool 3% 05/01/2050 | 2.74% |
| 3 | — | Fannie Mae Pool 5% 07/01/2055 | 2.11% |
| 4 | — | Fannie Mae Pool 3.5% 08/01/2053 | 2.07% |
| 5 | — | Willow Tree Clo I LLC 5.9495% 10/17/2034 | 1.67% |
| 6 | — | Fannie Mae Pool 3.5% 02/01/2052 | 1.35% |
| 7 | — | Fannie Mae Pool 2.5% 10/01/2050 | 1.33% |
| 8 | — | Freddie Mac Pool 3% 03/01/2052 | 1.29% |
| 9 | — | Fannie Mae Pool 4% 03/01/2054 | 1.26% |
| 10 | — | Fannie Mae Pool 2.5% 03/01/2052 | 1.18% |
| 11 | — | Fannie Mae Pool 2.5% 12/01/2050 | 1.16% |
| 12 | — | Freddie Mac Pool 5% 04/01/2055 | 1.08% |
| 13 | — | Fannie Mae Pool 2.5% 02/01/2052 | 1.01% |
| 14 | — | Freddie Mac Pool 2.5% 03/01/2042 | 0.95% |
| 15 | — | Freddie Mac Pool 2% 04/01/2052 | 0.93% |
| 16 | — | Fannie Mae Pool 2.5% 04/01/2052 | 0.84% |
| 17 | — | Columbia Bank /the Bank 6.721% 09/18/2036 | 0.83% |
| 18 | — | Freddie Mac Pool 5.5% 07/01/2054 | 0.83% |
| 19 | — | Prosper Credit Card 2026-1 Issuer LLC 7.83% 07/15/2036 | 0.83% |
| 20 | — | Exeter Automobile Receivables Trust 2022-2 6.34% 10/15/2029 | 0.83% |
| 21 | — | Point Securitization Trust 2025-2 5.75% 10/25/2055 | 0.80% |
| 22 | — | Fannie Mae Pool 5.5% 10/01/2053 | 0.80% |
| 23 | — | GS Mortgage-Backed Securities Trust 2024-RPL2 4.1119% 07/25/2061 | 0.80% |
| 24 | — | Point Securitization Trust 2026-1 5.25% 02/25/2056 | 0.79% |
| 25 | — | Fannie Mae Pool 2.5% 10/01/2039 | 0.77% |
| 26 | — | PRET 2025-RPL1 Trust 4% 07/25/2069 | 0.77% |
| 27 | — | Fannie Mae Pool 2% 09/01/2040 | 0.77% |
| 28 | — | PRET 2025-RPL2 Trust 4% 08/25/2064 | 0.76% |
| 29 | — | Fannie Mae Pool 2.5% 05/01/2051 | 0.76% |
| 30 | — | Prpm 2025-RPL4 Llc 3% 05/25/2055 | 0.75% |

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