Angel Oak Ultrashort Income ETF
$50.85−0.01 (−0.01%)
- 0.56%
- $1.4B
- +4.0%
- 4.61%
- 0.3M sh
- $50.85
- low $50.69high $51.40
The ETF.net UYLD Grade
C
Score 52 out of 100
- 57 of 78
Score 52 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.F1 out of 100Rank 77 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B62 out of 100Rank 4 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C48 out of 100Rank 39 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A75 out of 100Rank 18 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B62 out of 100Rank 33 of 78
Our read on UYLD
CAngel 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
- 489
- 12%
- Freddie Mac Multifamily Structured Pass Through Certificates 3.8452% 12/25/2030
UYLD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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UYLD$10,399
Returns run to the Oct 12, 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 | +2.9% |
| 1 month | +0.2% |
| 3 months | +0.8% |
| 1 year | +4.0% |
| 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 | +2.9% | |
| 2025 | +5.4% | |
| 2024 | +6.7% | |
| 2023 | +6.9% | |
| 2022 | +1.1% |
UYLD in the news
UYLD Dividends
- 4.61%
- $2.34
- $0.23 per share
- Monthly
Distribution history
UYLD Risk
- 0.6%
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.
- 1.83
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
0.56%
UYLD0.56%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
76 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- CTLDRThe Laddered T-Bill ETFExpense ratio 0.20%1 year return —
- CVUSIVoya Ultra Short Income ETFExpense ratio 0.25%1 year return —
- CEMNTPIMCO Enhanced Short Maturity Active ESG Exchange-Traded FundExpense ratio 0.36%1 year return +3.8%
- CKCSHKraneShares Sustainable Ultra Short Duration Index ETFExpense ratio 0.30%1 year return +3.6%
- CTUSITouchstone Ultra Short Income ETFExpense ratio 0.43%1 year return +4.1%