Angel Oak Ultrashort Income ETF
$50.95−0.03 (−0.06%)
- Expense ratio
- 0.56%
- Fund size
- $1.4B
- 1Y return
- +3.9%
- Yield · Last 12 months
- 4.59%
- Holdings
- 465
- Volume · 30D
- 0.3M sh
- NAV per share
- $51.00
- 52W range
The ETF.net UYLD Grade
Score 55 of 100 sits in the B 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.FScore 1Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 59Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 71Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 76Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 62Category rank
Our read on UYLD
BAngel Oak made its name in structured credit, and UYLD is that desk shrunk to cash-parking size: an active mix of mortgage, auto, credit-card and CLO paper kept under one year of duration, paid monthly.
The Fund seeks current income while aiming to limit price volatility and preserve liquidity. Its portfolio is managed to maintain a dollar-weighted average maturity below two years and duration below one year.
Why people hold it
- Not a T-bill sleeve. It buys securitized credit (agency and non-agency mortgage bonds, ABS, CLOs), the corner of the market Angel Oak was built around.angeloakcapital.com
- The prospectus pins the portfolio down: average maturity under two years, duration under one year. That ceiling caps how far rate moves can push the price.
- Roughly 500 positions spread deal-specific risk, income lands monthly, and it has grown into a multi-billion-dollar fund that trades with steady volume.
Worth knowing
- At 0.56% a year it prices like an active credit fund, not a cash sleeve. The cheap end of this aisle (ICSH, JPST) charges a fraction of that.
- Aiming to limit price volatility is not the same as removing it. Spread moves in mortgage and consumer paper can still shift the price in ways bills do not.angeloakcapital.com
- Its prospectus benchmark is the Bloomberg US Aggregate Bond Index, a far longer-duration yardstick than a sub-one-year fund, so that comparison tells you little.
UYLD Holdings
- Bonds
- 465
- 14%
- US 2YR NOTE (CBT) Dec26
UYLD 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 | UYLD |
|---|---|
| Year to date | +2.6% |
| 1 month | +0.0% |
| 3 months | +0.8% |
| 1 year | +3.9% |
| 3 years | +5.6% |
| 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 | UYLD |
|---|---|---|
| 2026 YTD | +2.6% | |
| 2025 | +5.4% | |
| 2024 | +6.7% | |
| 2023 | +6.9% | |
| 2022 | +1.1% |
UYLD in the news
ETF.net Research hasn’t filed on UYLD yet — coverage lands here as it’s written.
UYLD Dividends
- 4.59%
- $2.34
- $0.18 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 1, 2026 | $0.18 |
| Jul 31, 2026 | Aug 3, 2026 | $0.19 |
| Jun 30, 2026 | Jul 1, 2026 | $0.20 |
| May 29, 2026 | Jun 1, 2026 | $0.18 |
| Apr 30, 2026 | May 1, 2026 | $0.18 |
| Mar 31, 2026 | Apr 1, 2026 | $0.22 |
| Feb 27, 2026 | Mar 2, 2026 | $0.16 |
| Jan 30, 2026 | Feb 2, 2026 | $0.17 |
| Dec 31, 2025 | Jan 2, 2026 | $0.24 |
| Nov 28, 2025 | Dec 1, 2025 | $0.18 |
| Oct 31, 2025 | Nov 3, 2025 | $0.21 |
| Sep 30, 2025 | Oct 1, 2025 | $0.22 |
UYLD Risk
- 0.5%
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.
- 2.38
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.
- −0.4%
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.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UYLD Cost
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
75 of the 77 Cash & Ultra-Short Income funds charge less.