AOHY ETF — Holdings & Analysis

The Angel Oak High Yield Opportunities ETF (AOHY) is an actively managed exchange-traded fund that seeks to maximize long-term risk-adjusted returns. Launched in February 2024, AOHY invests primarily in bonds rated below investment grade, commonly known as high-yield or junk bonds. The fund aims to maintain a maturity and duration profile consistent with the broader high-yield market. AOHY is managed by Angel Oak and offers exposure to the high-yield bond market, with a current emphasis on the Basic Materials sector.

The Angel Oak High Yield Opportunities ETF (AOHY) has an expense ratio of 0.56%. This means that for every $10,000 invested in the fund, $56 is used to cover the fund's operating expenses annually. While this is not directly comparable to a specific category average due to the fund's unique approach, it's important to consider this cost when evaluating the fund's potential returns. Investors should factor in the expense ratio when comparing AOHY to other investment options.

As of March 15, 2026, the Angel Oak High Yield Opportunities ETF (AOHY) has a concentrated portfolio. The top holding is First American Government Obligs U (FGUXX), representing 3.11% of the fund's total assets. While this is the only holding listed, it is important to note that the fund's investment strategy focuses on high-yield bonds, which may be held directly or indirectly through other instruments. Investors should review the fund's complete holdings periodically for any changes.

Evaluating AOHY as a long-term investment requires careful consideration of its investment strategy and risk profile. The fund's focus on high-yield bonds offers the potential for higher income but also entails increased credit risk. AOHY's concentration in the Basic Materials sector and its relatively short track record since its inception in February 2024 are also factors to consider. With an expense ratio of 0.56% and a beta of 0.44, potential investors should weigh these metrics against their individual investment goals and risk tolerance. Past performance does not guarantee future results.

AOHY distinguishes itself through its active management and focus on high-yield opportunities. While a direct comparison to similar ETFs is difficult without specifying a peer group, its expense ratio of 0.56% should be considered relative to other high-yield bond ETFs. AOHY's AUM of $0.11 billion positions it as a smaller fund compared to some of the larger, more established players in the high-yield space. The fund's investment strategy, led by Angel Oak, differentiates it from passively managed high-yield ETFs that track a specific index.

As of March 15, 2026, the Angel Oak High Yield Opportunities ETF (AOHY) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividend income to its shareholders. While the fund's investment strategy focuses on high-yield bonds, the actual dividend payouts may vary depending on market conditions and the fund's specific holdings. Investors seeking current income may want to consider other high-yield ETFs with a history of dividend payments.