Angel Oak Strategic Credit Fund (ASCIX)
| Fund Assets | n/a |
| Expense Ratio | 0.20% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 1.71 |
| Dividend Yield | 8.15% |
| Dividend Growth | 44.57% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 21.12 |
| YTD Return | 1.56% |
| 1-Year Return | 1.44% |
| 5-Year Return | 44.06% |
| 52-Week Low | 20.85 |
| 52-Week High | 21.65 |
| Beta (5Y) | 0.14 |
| Holdings | 160 |
| Inception Date | n/a |
About ASCIX
Angel Oak Strategic Credit Fund is an interval fund focused on diversified credit within fixed income. Its primary objective is to allocate capital across structured and corporate credit markets, seeking relative value among securitized assets and financial sector instruments. The portfolio emphasizes corporate and preferred securities—particularly in banks and diversified financials—alongside agency and non-agency residential mortgage-backed securities, commercial mortgage-backed securities, collateralized loan obligations, asset-backed securities, and residential loans and mortgages. The strategy employs a top-down process that incorporates views on interest rates, global economic conditions, and valuation across fixed income, complemented by sector-specialist research to identify security-level opportunities. Classified in the nontraditional bond category, the fund has flexibility to adjust duration and credit exposure over time and may use a broad toolkit to manage risk and return. In the market ecosystem, it serves as a specialized vehicle for accessing complex segments of credit that are often underrepresented in core bond allocations, providing a role in portfolio diversification and income-oriented exposure to structured products and financial sector debt.
Performance
ASCIX had a total return of 1.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.54%.
Top 10 Holdings
40.69% of assets| Name | Symbol | Weight |
|---|---|---|
| NewStar Commercial Loan Fundin - First Eagle Commercial Loan Funding 2016-1 LLC | n/a | 11.99% |
| Selene 2024-1 | n/a | 7.95% |
| First American Government Obligations Fund | FGUXX | 4.61% |
| GS Mortgage-Backed Securities Trust 2020-NQM1 | GSMBS.2020-NQM1 B2 | 3.40% |
| BCC Middle Market CLO 2023-1 LLC | BCMM.2023-1A E | 2.29% |
| Monroe Capital MML CLO XV LLC | MCMML.2023-1A E | 2.29% |
| Pikes Peak CLO 14 2023 Ltd | PIPK.2023-14A ER | 2.27% |
| iShares Broad USD High Yield Corporate Bond ETF | USHY | 2.06% |
| Credit Suisse Mortgage Trust - CSMC 2022-ATH1 | CSMC.2022-ATH1 B2 | 1.96% |
| JP Morgan Mortgage Trust - J.P. Morgan Mortgage Trust 2022-6 | JPMMT.2022-6 B4 | 1.87% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.14301 | Sep 30, 2025 |
| Aug 29, 2025 | $0.14778 | Aug 29, 2025 |
| Jul 31, 2025 | $0.15049 | Jul 31, 2025 |
| Jun 30, 2025 | $0.14534 | Jun 30, 2025 |
| May 30, 2025 | $0.15075 | May 30, 2025 |
| Apr 30, 2025 | $0.14589 | Apr 30, 2025 |