he Angel Oak Financial Strategies Income Term Trust is a closed-end fund that seeks current income with a secondary objective of total return. The Fund utilizes a banking sector debt-centric strategy, which exhibits low historical correlations to other areas of the market. The investment highlights of the Fund include:
Access to a niche market segment.
Focus on high quality credit with at least 50% of the Fund’s depository institution debt investments publicly rated investment grade or, if deemed unrated, scored as investment grade by Angel Oak’s in-house proprietary BankSURF credit-quality assessment model.
Asset class duration historically uncorrelated to interest rates.
Benefits from Angel Oak’s extensive resources and expertise in a
Company profile
Ticker
FINS
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Corporate docs
FINS stock data
Latest filings (excl ownership)
N-CEN
Annual report (registered investment company)
9 Apr 24
N-CSR
Certified annual shareholder report (management investment company)
5 Apr 24
N-CSRS
Certified semi-annual shareholder report (management investment company)
4 Oct 23
N-PX
Annual report of proxy voting record
16 Aug 23
DEF 14A
Definitive proxy
1 May 23
N-CEN
Annual report (registered investment company)
12 Apr 23
N-CSR
Certified annual shareholder report (management investment company)
6 Apr 23
N-CSRS
Certified semi-annual shareholder report (management investment company)
30 Sep 22
N-PX
Annual report of proxy voting record
22 Aug 22
POS EX
Additional exhibits for listing
15 Aug 22
Latest ownership filings
4
Johannes Palsson
19 Apr 24
3
William Mitchell Richardson
8 Apr 24
SC 13G
SIT INVESTMENT ASSOCIATES INC
4 Apr 24
NPORT-P
Angel Oak Financial Strategies Income Term Trust (Jan 2024 report)
22 Mar 24
SC 13G/A
Karpus Management, Inc.
13 Feb 24
SC 13G/A
MORGAN STANLEY
12 Feb 24
NPORT-P
Angel Oak Financial Strategies Income Term Trust (Oct 2023 report)
28 Dec 23
3
Michael James Colombo
20 Nov 23
NPORT-P
Angel Oak Financial Strategies Income Term Trust (Jul 2023 report)
25 Sep 23
NPORT-P
Angel Oak Financial Strategies Income Term Trust (Apr 2023 report)
26 Jun 23
Funds
Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
---|---|---|---|---|---|---|---|
Angel Oak Financial Strategies Income Term Trust | – | 2.07 | -0.68 | 3.59 | 490.55 mm | 240 | Jan 2024 |
Institutional ownership, Q3 2023
48.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 34 |
Opened positions | 5 |
Closed positions | 7 |
Increased positions | 17 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 124.19 bn |
Total shares | 12.04 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Karpus Management | 3.57 mm | $43.04 bn |
MS Morgan Stanley | 2.27 mm | $27.34 bn |
Asher Daniel | 1.03 mm | $18.16 mm |
UBS UBS Group AG - Registered Shares | 837.82 k | $10.09 bn |
Atlas Wealth | 815.92 k | $9.82 bn |
Sit Investment Associates | 662.55 k | $7.98 mm |
Saba Capital Management | 469.65 k | $5.65 bn |
Wolverine Trading | 415.60 k | $5.00 bn |
Nations Financial Group Inc, | 313.28 k | $3.77 bn |
RY Royal Bank Of Canada | 215.95 k | $2.60 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Apr 24 | Palsson Johannes | Common Stock | Buy | Acquire P | No | No | 12.39 | 5,670 | 70.25 k | 46,403.3 |
18 May 23 | Kevin Parks | Common Stock | Buy | Acquire P | No | No | 11.82 | 500 | 5.91 k | 3,834.83 |
16 Mar 23 | Kevin Parks | Common Stock | Sell | Dispose S | No | No | 12.5301 | 2,000 | 25.06 k | 3,334.83 |