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Launched

Angel Oak Ultrashort Income ETF

UYLDNasdaqAngel OakC

$50.85+0.01 (+0.01%)

At close: Nov 2, 2026, 4:00 PM ET

C54/ 100

Rank 54 of 78 in Cash & Ultra-Short Income

C54/100Rank 54 of 78inCash & Ultra-Short Income
Intraday session: up, 79 prints from 50.85 to 50.85. Range 50.84 to 50.86. Use the arrow keys to read each point.50.8450.8450.8610 AM12 PM2 PM4 PM
Expense ratio
0.35%*
Fund size
$1.44B
1Y total return
+4.0%
Yield · Last 12 months
4.98%
Holdings
496
Avg volume · 30D
320K sh
52W range
low $50.69high $51.40
Launched

*After a fee waiver that ends Sep 30, 2027. Without it: 0.56%.

The ETF.net UYLD Grade

C

Score 54 out of 100

Category
Cash & Ultra-Short Income⁠
Rank
54 of 78
Six-pillar profile for UYLD. Scores out of 100: Cost 6, Risk 61, Mission 100, Tradability 51, Holdings 74, Durability 62. Strongest: Mission (100). Weakest: Cost (6). Leans toward Mission.

Score 54 of 100 falls in the C 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.
    F6 out of 100
    Rank 72 of 78

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 67

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 6 of 75

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 35 of 78

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A74 out of 100
    Rank 20 of 77

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 32 of 78

Our read on UYLD

ETF.net Research

In short

CAngel Oak's ultrashort fund comes out of a securitized-credit shop, not a bill ladder: active, roughly 500 bonds, average maturity kept under two years and duration under one year, for 0.35% net of a waiver through September 30, 2027.

Stated mandate

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

  • The mandate is specific: dollar-weighted average maturity below two years, duration below one year, aiming at current income while limiting price swings and preserving liquidity.
  • Angel Oak built its business in securitized credit and runs this as one of its actively managed bond ETFs, a specialist lane rather than a Treasury bill tracker.businesswire.com
  • Roughly 500 positions, monthly distributions, and over a billion dollars in assets: real breadth and scale for an actively run short-duration credit sleeve.

Worth knowing

  • Cost is the trade-off: 0.35% net of a waiver through September 30, 2027 (0.56% gross), above the category median, while bill funds like VBIL at 0.06% and CLIP at 0.07% undercut it.
  • The objective aims to limit price volatility, not remove it. This is active credit rather than Treasury bills, so the share price can move more than a pure bill fund's.businesswire.com
  • In a peer group crowded with ultra-cheap bill trackers, it sits in the lower half of the field, mostly on price rather than on how it runs the portfolio.

UYLD Performance

Launched Oct 24, 2022

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.
UYLD$10,405
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. UYLD $10,405. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

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.

Trailing total return for UYLD. Periods over one year show the average yearly return.
PeriodUYLD
Year to date+3.2%
1 month+0.6%
3 months+0.9%
1 year+4.0%
3 yearsper year+5.6%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for UYLD
YearReturn barUYLD
2026 YTD+3.2%
2025+5.4%
2024+6.7%
2023+6.9%
2022+1.1%

History from Oct 25, 2022

UYLD in the news

UYLD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
4.98%Last 12 months
Payout per share
$2.53Last 12 months
Upcoming payment
$0.19 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 46 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.23; Mar 1, 2023 $0.22; Apr 3, 2023 $0.26; May 1, 2023 $0.23; Jun 1, 2023 $0.26; Jul 3, 2023 $0.18; Aug 1, 2023 $0.27; Sep 1, 2023 $0.26; Oct 2, 2023 $0.25; Nov 1, 2023 $0.26; Dec 1, 2023 $0.26; Dec 28, 2023 $0.32; Jan 31, 2024 $0.23; Feb 29, 2024 $0.10; Mar 28, 2024 $0.23; Apr 30, 2024 $0.27; May 31, 2024 $0.26; Jun 28, 2024 $0.24; Jul 31, 2024 $0.28; Aug 30, 2024 $0.22; Sep 30, 2024 $0.23; Oct 31, 2024 $0.26; Nov 29, 2024 $0.22; Dec 31, 2024 $0.29; Jan 31, 2025 $0.20; Feb 28, 2025 $0.20; Mar 31, 2025 $0.25; Apr 30, 2025 $0.23; May 30, 2025 $0.22; Jun 30, 2025 $0.21; Jul 31, 2025 $0.23; Aug 29, 2025 $0.20; Sep 30, 2025 $0.22; Oct 31, 2025 $0.21; Nov 28, 2025 $0.18; Dec 31, 2025 $0.24; Jan 30, 2026 $0.17; Feb 27, 2026 $0.16; Mar 31, 2026 $0.22; Apr 30, 2026 $0.18; May 29, 2026 $0.18; Jun 30, 2026 $0.20; Jul 31, 2026 $0.19; Aug 31, 2026 $0.18; Sep 30, 2026 $0.23; Oct 30, 2026 $0.19. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Oct 30, 2026Pays Nov 2, 2026$0.19
Sep 30, 2026Oct 1, 2026$0.23
Aug 31, 2026Sep 1, 2026$0.18
Jul 31, 2026Aug 3, 2026$0.19
Jun 30, 2026Jul 1, 2026$0.20
May 29, 2026Jun 1, 2026$0.18
Apr 30, 2026May 1, 2026$0.18
Mar 31, 2026Apr 1, 2026$0.22
Feb 27, 2026Mar 2, 2026$0.16
Jan 30, 2026Feb 2, 2026$0.17
Dec 31, 2025Jan 2, 2026$0.24
Nov 28, 2025Dec 1, 2025$0.18

See all 48 payments⁠

$10,000 in UYLD 3 years ago paid $1,617 in dividends.⁠

UYLD Risk

Risk pillarB61 out of 100Rank 6 of 75 in Cash & Ultra-Short Income
How much the fund’s monthly returns vary, scaled to a year.
0.6%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.99
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−0.4%
48 months · trough Nov 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.07
vs its asset-class index
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.

UYLD Cost

Compare UYLD and XHLF

Overpaying vs XHLF, tied cheapest in Cash & Ultra-Short Income

$6,488

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • UYLD 0.35%

    $7,126

  • XHLF 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • UYLD 0.35%
  • XHLF 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530UYLD $7,126XHLF $638

Year by year

YearUYLDXHLFOverpaying
10$634$55$579
20$2,454$216$2,238
30$7,126$638$6,488
How the 0.35% is worked out

Full fee 0.56%− waiver 0.21%= you pay 0.35%

The waiver ends Sep 30, 2027. After that the fee is 0.56% unless Angel Oak renews it. Source: prospectus, May 2026.

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