Shareholder Report | 6 Months Ended |
Jul. 31, 2024 USD ($) $ / shares |
Shareholder Report [Line Items] | | |
Document Type | N-CSR | |
Amendment Flag | false | |
Registrant Name | Angel Oak Funds Trust | |
Entity Central Index Key | 0001612930 | |
Entity Investment Company Type | N-1A | |
Document Period End Date | Jul. 31, 2024 | |
Class A | | |
Shareholder Report [Line Items] | | |
Fund Name | Angel Oak Multi-Strategy Income Fund | |
Class Name | Class A | |
Trading Symbol | ANGLX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Angel Oak Multi-Strategy Income Fund (the Fund) for the period of February 1, 2024, to July 31, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://angeloakcapital.com/resources/ . You can also request this information by contacting us at 1-855-751-4324 . | |
Additional Information Phone Number | 1-855-751-4324 | |
Additional Information Website | https://angeloakcapital.com/resources/ | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class A $90 1.76%* | [1] |
Expenses Paid, Amount | $ 90 | |
Expense Ratio, Percent | 1.76% | [1] |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM DURING THE PERIOD? The Fund’s Class A Shares returned 4.76% for the six-month period ending July 31, 2024. The Fund outperformed the Bloomberg U.S. Aggregate Bond Index, the Fund’s benchmark, by 287 basis points, as the benchmark returned 1.89% over the same period. WHAT FACTORS INFLUENCED PERFORMANCE? The Fund’s outperformance during the period was primarily due to a rate duration shorter than the benchmark’s, higher current income relative to the benchmark, and relative spread outperformance in the credit allocation, particularly the non-agency residential mortgage-backed securities (RMBS) allocation. HOW WAS THE FUND POSITIONED DURING THE PERIOD? The Fund’s allocation to non-agency RMBS was reduced to take gains on sectors that have experienced spread compression. The Fund’s allocation to agency RMBS was increased to boost the portfolio’s credit quality and position it in light of our view that agency RMBS spreads will tighten. Top Contributors ↑ Interest rate duration positioning; non-agency RMBS Top Detractors ↓ Agency RMBS | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year 5 Year 10 Year Class A (without sales charge) 8.60 -0.01 1.75 Class A (with sales charge) 6.21 -0.47 1.52 Bloomberg U.S. Aggregate Bond Index 5.10 0.19 1.61 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | Visit https://angeloakcapital.com/resources/ for more recent performance information. | |
Net Assets | $ 2,647,946,931 | |
Holdings Count | $ / shares | 1,035 | |
Investment Company Portfolio Turnover | 22% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of July 31, 2024) Net Assets $2,647,946,931 Number of Holdings 1,035 Portfolio Turnover 22% Average Credit Quality A Effective Duration 3.89 years 30-Day SEC Yield 6.43% 30-Day SEC Yield Unsubsidized 6.38% Weighted Average Life 5.77 years Distribution Yield 5.97% | |
Holdings [Text Block] | Residential Mortgage-Backed Securities 53.9% Residential Mortgage-Backed Securities - U.S. Government Agency 17.3% Asset-Backed Securities 12.8% Collateralized Loan Obligations 8.6% Corporate Obligations 4.7% Commercial Mortgage-Backed Securities 4.3% Affiliated Exchange Traded Funds 2.5% Commercial Mortgage-Backed Securities - U.S. Government Agency 1.9% Money Market Funds 1.0% Cash & Other -7.0% Government National Mortgage Association 11.4% GS Mortgage-Backed Securities Trust 6.5% JP Morgan Mortgage Trust 4.9% Federal Home Loan Mortgage Corp. 4.8% Saluda Grade Mortgage Funding LLC 3.9% Federal National Mortgage Association 3.6% Lake Summit Mortgage Trust 3.4% Credit Suisse Mortgage Capital Certificates 2.0% Downey Savings & Loan Association Mortgage Loan Trust 1.9% Upstart Securitization Trust 1.8% AAA 25.7% AA 6.1% A 5.6% BBB 10.9% BB 15.4% B 5.8% CCC 3.6% CC 1.0% C 0.1% NR 25.8% | |
Updated Prospectus Web Address | https://angeloakcapital.com/resources/. | |
Class C | | |
Shareholder Report [Line Items] | | |
Fund Name | Angel Oak Multi-Strategy Income Fund | |
Class Name | Class C | |
Trading Symbol | ANGCX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Angel Oak Multi-Strategy Income Fund (the Fund) for the period of February 1, 2024, to July 31, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://angeloakcapital.com/resources/ . You can also request this information by contacting us at 1-855-751-4324 . | |
Additional Information Phone Number | 1-855-751-4324 | |
Additional Information Website | https://angeloakcapital.com/resources/ | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class C $128 2.51%* | [2] |
Expenses Paid, Amount | $ 128 | |
Expense Ratio, Percent | 2.51% | [2] |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM DURING THE PERIOD? The Fund’s Class C Shares returned 4.42% for the six-month period ending July 31, 2024. The Fund outperformed the Bloomberg U.S. Aggregate Bond Index, the Fund’s benchmark, by 253 basis points, as the benchmark returned 1.89% over the same period. WHAT FACTORS INFLUENCED PERFORMANCE? The Fund’s outperformance during the period was primarily due to a rate duration shorter than the benchmark’s, higher current income relative to the benchmark, and relative spread outperformance in the credit allocation, particularly the non-agency residential mortgage-backed securities (RMBS) allocation. HOW WAS THE FUND POSITIONED DURING THE PERIOD? The Fund’s allocation to non-agency RMBS was reduced to take gains on sectors that have experienced spread compression. The Fund’s allocation to agency RMBS was increased to boost the portfolio’s credit quality and position it in light of our view that agency RMBS spreads will tighten. Top Contributors ↑ Interest rate duration positioning; non-agency RMBS Top Detractors ↓ Agency RMBS | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year 5 Year Since Inception (08/04/2015) Class C (without sales charge) 7.76 -0.76 0.77 Class C (with sales charge) 6.76 -0.76 0.77 Bloomberg U.S. Aggregate Bond Index 5.10 0.19 1.48 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | Visit https://angeloakcapital.com/resources/ for more recent performance information. | |
Net Assets | $ 2,647,946,931 | |
Holdings Count | $ / shares | 1,035 | |
Investment Company Portfolio Turnover | 22% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of July 31, 2024) Net Assets $2,647,946,931 Number of Holdings 1,035 Portfolio Turnover 22% Average Credit Quality A Effective Duration 3.89 years 30-Day SEC Yield 5.83% 30-Day SEC Yield Unsubsidized 5.78% Weighted Average Life 5.77 years Distribution Yield 5.27% | |
Holdings [Text Block] | Residential Mortgage-Backed Securities 53.9% Residential Mortgage-Backed Securities - U.S. Government Agency 17.3% Asset-Backed Securities 12.8% Collateralized Loan Obligations 8.6% Corporate Obligations 4.7% Commercial Mortgage-Backed Securities 4.3% Affiliated Exchange Traded Funds 2.5% Commercial Mortgage-Backed Securities - U.S. Government Agency 1.9% Money Market Funds 1.0% Cash & Other -7.0% Government National Mortgage Association 11.4% GS Mortgage-Backed Securities Trust 6.5% JP Morgan Mortgage Trust 4.9% Federal Home Loan Mortgage Corp. 4.8% Saluda Grade Mortgage Funding LLC 3.9% Federal National Mortgage Association 3.6% Lake Summit Mortgage Trust 3.4% Credit Suisse Mortgage Capital Certificates 2.0% Downey Savings & Loan Association Mortgage Loan Trust 1.9% Upstart Securitization Trust 1.8% AAA 25.7% AA 6.1% A 5.6% BBB 10.9% BB 15.4% B 5.8% CCC 3.6% CC 1.0% C 0.1% NR 25.8% | |
Updated Prospectus Web Address | https://angeloakcapital.com/resources/. | |
Institutional Class | | |
Shareholder Report [Line Items] | | |
Fund Name | Angel Oak Multi-Strategy Income Fund | |
Class Name | Institutional Class | |
Trading Symbol | ANGIX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Angel Oak Multi-Strategy Income Fund (the Fund) for the period of February 1, 2024, to July 31, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://angeloakcapital.com/resources/ . You can also request this information by contacting us at 1-855-751-4324 . | |
Additional Information Phone Number | 1-855-751-4324 | |
Additional Information Website | https://angeloakcapital.com/resources/ | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Institutional Class $77 1.51%* | [3] |
Expenses Paid, Amount | $ 77 | |
Expense Ratio, Percent | 1.51% | [3] |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM DURING THE PERIOD? The Fund’s Institutional Class Shares returned 5.02% for the six-month period ending July 31, 2024. The Fund outperformed the Bloomberg U.S. Aggregate Bond Index, the Fund’s benchmark, by 313 basis points, as the benchmark returned 1.89% over the same period. WHAT FACTORS INFLUENCED PERFORMANCE? The Fund’s outperformance during the period was primarily due to a rate duration shorter than the benchmark’s, higher current income relative to the benchmark, and relative spread outperformance in the credit allocation, particularly the non-agency residential mortgage-backed securities (RMBS) allocation. HOW WAS THE FUND POSITIONED DURING THE PERIOD? The Fund’s allocation to non-agency RMBS was reduced to take gains on sectors that have experienced spread compression. The Fund’s allocation to agency RMBS was increased to boost the portfolio’s credit quality and position it in light of our view that agency RMBS spreads will tighten. Top Contributors ↑ Interest rate duration positioning; non-agency RMBS Top Detractors ↓ Agency RMBS | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year 5 Year 10 Year Institutional Class 8.90 0.25 2.01 Bloomberg U.S. Aggregate Bond Index 5.10 0.19 1.61 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | Visit https://angeloakcapital.com/resources/ for more recent performance information. | |
Net Assets | $ 2,647,946,931 | |
Holdings Count | $ / shares | 1,035 | |
Investment Company Portfolio Turnover | 22% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of July 31, 2024) Net Assets $2,647,946,931 Number of Holdings 1,035 Portfolio Turnover 22% Average Credit Quality A Effective Duration 3.89 years 30-Day SEC Yield 6.83% 30-Day SEC Yield Unsubsidized 6.78% Weighted Average Life 5.77 years Distribution Yield 6.24% | |
Holdings [Text Block] | Residential Mortgage-Backed Securities 53.9% Residential Mortgage-Backed Securities - U.S. Government Agency 17.3% Asset-Backed Securities 12.8% Collateralized Loan Obligations 8.6% Corporate Obligations 4.7% Commercial Mortgage-Backed Securities 4.3% Affiliated Exchange Traded Funds 2.5% Commercial Mortgage-Backed Securities - U.S. Government Agency 1.9% Money Market Funds 1.0% Cash & Other -7.0% Government National Mortgage Association 11.4% GS Mortgage-Backed Securities Trust 6.5% JP Morgan Mortgage Trust 4.9% Federal Home Loan Mortgage Corp. 4.8% Saluda Grade Mortgage Funding LLC 3.9% Federal National Mortgage Association 3.6% Lake Summit Mortgage Trust 3.4% Credit Suisse Mortgage Capital Certificates 2.0% Downey Savings & Loan Association Mortgage Loan Trust 1.9% Upstart Securitization Trust 1.8% AAA 25.7% AA 6.1% A 5.6% BBB 10.9% BB 15.4% B 5.8% CCC 3.6% CC 1.0% C 0.1% NR 25.8% | |
Updated Prospectus Web Address | https://angeloakcapital.com/resources/. | |
Class A | | |
Shareholder Report [Line Items] | | |
Fund Name | Angel Oak UltraShort Income Fund | |
Class Name | Class A | |
Trading Symbol | AOUAX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Angel Oak UltraShort Income Fund (the Fund) for the period of February 1, 2024, to July 31, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://angeloakcapital.com/resources/ . You can also request this information by contacting us at 1-855-751-4324 . | |
Additional Information Phone Number | 1-855-751-4324 | |
Additional Information Website | https://angeloakcapital.com/resources/ | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class A $30 0.60%* | [4] |
Expenses Paid, Amount | $ 30 | |
Expense Ratio, Percent | 0.60% | [4] |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM DURING THE PERIOD? The Fund’s Class A Shares returned 3.40% for the six-month period ending July 31, 2024. The Fund outperformed the Bloomberg Short Treasury: 9-12 Months Index and the Bloomberg Short-Term Government/Corporate Index, the Fund’s performance benchmarks, by 99 basis points (bps) and 79 bps, respectively, as the performance benchmarks returned 2.41% and 2.61%, respectively. WHAT FACTORS INFLUENCED PERFORMANCE? The Fund outperformed the performance benchmarks during the period, driven primarily by the higher allocation to investment-grade asset-backed securities (ABS), non-agency residential mortgage-backed securities (RMBS), and collateralized loan obligations (CLOs). Higher income relative to the performance benchmarks and the short duration of the Fund allowed it to better weather the volatility that occurred during the period. The higher yield and tighter spreads in RMBS, ABS, and CLOs contributed to relative performance versus the performance benchmarks. HOW WAS THE FUND POSITIONED DURING THE PERIOD? The Fund maintained an overweight position to securitized credit. Within securitized credit, the Fund had higher allocations to investment-grade ABS, non-agency RMBS, and CLOs, which had strong performance. Top Contributors ↑ High income relative to performance benchmarks; short duration; investment-grade securitized credit Top Detractors ↓ Investment-grade corporate bonds | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year 5 Year Since Inception (04/30/2018) Class A 7.24 2.14 2.39 Bloomberg U.S. Aggregate Bond Index ** 5.10 0.19 1.50 Bloomberg Short Treasury: 9-12 Months 5.48 2.02 2.15 Bloomberg Short Term Government/Corporate Index 5.59 2.25 2.31 | [5] |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | Visit https://angeloakcapital.com/resources/ for more recent performance information. | |
Net Assets | $ 430,124,946 | |
Holdings Count | $ / shares | 372 | |
Investment Company Portfolio Turnover | 42% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of July 31, 2024) Net Assets $430,124,946 Number of Holdings 372 Portfolio Turnover 42% Average Credit Quality AA Effective Duration 0.82 years 30-Day SEC Yield 4.83% 30-Day SEC Yield Unsubsidized 4.59% Weighted Average Life 1.53 years Distribution Yield 5.11% | |
Holdings [Text Block] | Asset-Backed Securities 44.5% Residential Mortgage-Backed Securities 18.7% Collateralized Loan Obligations 12.7% Commercial Mortgage-Backed Securities - U.S. Government Agency 10.7% Corporate Obligations 5.4% Money Market Funds 3.5% Commercial Mortgage-Backed Securities 2.9% Residential Mortgage-Backed Securities - U.S. Government Agency 1.3% U.S. Treasury Bills 1.2% Cash & Other -0.9% Federal Home Loan Mortgage Corp. 11.5% Pagaya AI Debt Selection Trust 9.8% First American Government Obligations Fund 3.5% American Credit Acceptance Receivables Trust 2.3% GS Mortgage-Backed Securities Trust 2.0% Marlette Funding Trust 1.8% Verus Securitization Trust 1.8% GLS Auto Receivables Trust 1.7% CPS Auto Trust 1.7% Pretium Mortgage Credit Partners LLC 1.6% AAA 47.2% AA 10.1% A 19.2% BBB 15.6% BB 2.2% B 0.6% NR 5.0% | |
Updated Prospectus Web Address | https://angeloakcapital.com/resources/ | |
Class A1 | | |
Shareholder Report [Line Items] | | |
Fund Name | Angel Oak UltraShort Income Fund | |
Class Name | Class A1 | |
Trading Symbol | AOUNX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Angel Oak UltraShort Income Fund (the Fund) for the period of February 1, 2024, to July 31, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://angeloakcapital.com/resources/ . You can also request this information by contacting us at 1-855-751-4324 . | |
Additional Information Phone Number | 1-855-751-4324 | |
Additional Information Website | https://angeloakcapital.com/resources/ | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class A1 $30 0.60%* | [6] |
Expenses Paid, Amount | $ 30 | |
Expense Ratio, Percent | 0.60% | [6] |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM DURING THE PERIOD? The Fund returned 3.41% for the six-month period ending July 31, 2024. The Fund outperformed the Bloomberg Short Treasury: 9-12 Months Index and the Bloomberg Short-Term Government/Corporate Index, the Fund’s performance benchmarks, by 100 basis points (bps) and 80 bps, respectively, as the performance benchmarks returned 2.41% and 2.61%, respectively. WHAT FACTORS INFLUENCED PERFORMANCE? The Fund outperformed the performance benchmarks during the period, driven primarily by the higher allocation to investment-grade asset-backed securities (ABS), non-agency residential mortgage-backed securities (RMBS), and collateralized loan obligations (CLOs). Higher income relative to the performance benchmarks and the short duration of the Fund allowed it to better weather the volatility that occurred during the period. The higher yield and tighter spreads in RMBS, ABS, and CLOs contributed to relative performance versus the performance benchmarks. HOW WAS THE FUND POSITIONED DURING THE PERIOD? The Fund maintained an overweight position to securitized credit. Within securitized credit, the Fund had higher allocations to investment-grade ABS, non-agency RMBS, and CLOs, which had strong performance. Top Contributors ↑ High income relative to performance benchmarks; short duration; investment-grade securitized credit Top Detractors ↓ Investment-grade corporate bonds | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year Since Inception (07/22/2022) Class A1 (without sales charge) 7.26 4.64 Class A1 (with sales charge) 5.11 3.85 Bloomberg U.S. Aggregate Bond Index ** 5.10 1.09 Bloomberg Short Treasury: 9-12 Months 5.48 4.11 Bloomberg Short Term Government/Corporate Index 5.59 4.56 | [7] |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | Visit https://angeloakcapital.com/resources/ for more recent performance information. | |
Net Assets | $ 430,124,946 | |
Holdings Count | $ / shares | 372 | |
Investment Company Portfolio Turnover | 42% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of July 31, 2024) Net Assets $430,124,946 Number of Holdings 372 Portfolio Turnover 42% Average Credit Quality AA Effective Duration 0.82 years 30-Day SEC Yield 4.87% 30-Day SEC Yield Unsubsidized 4.62% Weighted Average Life 1.53 years Distribution Yield 5.13% | |
Holdings [Text Block] | Asset-Backed Securities 44.5% Residential Mortgage-Backed Securities 18.7% Collateralized Loan Obligations 12.7% Commercial Mortgage-Backed Securities - U.S. Government Agency 10.7% Corporate Obligations 5.4% Money Market Funds 3.5% Commercial Mortgage-Backed Securities 2.9% Residential Mortgage-Backed Securities - U.S. Government Agency 1.3% U.S. Treasury Bills 1.2% Cash & Other -0.9% Federal Home Loan Mortgage Corp. 11.5% Pagaya AI Debt Selection Trust 9.8% First American Government Obligations Fund 3.5% American Credit Acceptance Receivables Trust 2.3% GS Mortgage-Backed Securities Trust 2.0% Marlette Funding Trust 1.8% Verus Securitization Trust 1.8% GLS Auto Receivables Trust 1.7% CPS Auto Trust 1.7% Pretium Mortgage Credit Partners LLC 1.6% AAA 47.2% AA 10.1% A 19.2% BBB 15.6% BB 2.2% B 0.6% NR 5.0% | |
Updated Prospectus Web Address | https://angeloakcapital.com/resources/. | |
Institutional Class | | |
Shareholder Report [Line Items] | | |
Fund Name | Angel Oak UltraShort Income Fund | |
Class Name | Institutional Class | |
Trading Symbol | AOUIX | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Angel Oak UltraShort Income Fund (the Fund) for the period of February 1, 2024, to July 31, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://angeloakcapital.com/resources/ . You can also request this information by contacting us at 1-855-751-4324 . | |
Additional Information Phone Number | 1-855-751-4324 | |
Additional Information Website | https://angeloakcapital.com/resources/ | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Institutional Class $18 0.35%* | [8] |
Expenses Paid, Amount | $ 18 | |
Expense Ratio, Percent | 0.35% | [8] |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM DURING THE PERIOD? The Fund’s Institutional Class Shares returned 3.64% for the six-month period ending July 31, 2024. The Fund outperformed the Bloomberg Short Treasury: 9-12 Months Index and the Bloomberg Short-Term Government/Corporate Index, the Fund’s performance benchmarks, by 123 basis points (bps) and 103 bps, respectively, as the performance benchmarks returned 2.41% and 2.61%, respectively. WHAT FACTORS INFLUENCED PERFORMANCE? The Fund outperformed the performance benchmarks during the period, driven primarily by the higher allocation to investment-grade asset-backed securities (ABS), non-agency residential mortgage-backed securities (RMBS), and collateralized loan obligations (CLOs). Higher income relative to the performance benchmarks and the short duration of the Fund allowed it to better weather the volatility that occurred during the period. The higher yield and tighter spreads in RMBS, ABS, and CLOs contributed to relative performance versus the performance benchmarks. HOW WAS THE FUND POSITIONED DURING THE PERIOD? The Fund maintained an overweight position to securitized credit. Within securitized credit, the Fund had higher allocations to investment-grade ABS, non-agency RMBS, and CLOs, which had strong performance. Top Contributors ↑ High income relative to performance benchmarks; short duration; investment-grade securitized credit Top Detractors ↓ Investment-grade corporate bonds | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year 5 Year Since Inception (04/02/2018) Institutional Class 7.51 2.40 2.67 Bloomberg U.S. Aggregate Bond Index ** 5.10 0.19 1.35 Bloomberg Short Treasury: 9-12 Months 5.48 2.02 2.13 Bloomberg Short Term Government/Corporate Index 5.59 2.25 2.31 | [9] |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | Visit https://angeloakcapital.com/resources/ for more recent performance information. | |
Net Assets | $ 430,124,946 | |
Holdings Count | $ / shares | 372 | |
Investment Company Portfolio Turnover | 42% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of July 31, 2024) Net Assets $430,124,946 Number of Holdings 372 Portfolio Turnover 42% Average Credit Quality AA Effective Duration 0.82 years 30-Day SEC Yield 5.19% 30-Day SEC Yield Unsubsidized 4.94% Weighted Average Life 1.53 years Distribution Yield 5.37% | |
Holdings [Text Block] | Asset-Backed Securities 44.5% Residential Mortgage-Backed Securities 18.7% Collateralized Loan Obligations 12.7% Commercial Mortgage-Backed Securities - U.S. Government Agency 10.7% Corporate Obligations 5.4% Money Market Funds 3.5% Commercial Mortgage-Backed Securities 2.9% Residential Mortgage-Backed Securities - U.S. Government Agency 1.3% U.S. Treasury Bills 1.2% Cash & Other -0.9% Federal Home Loan Mortgage Corp. 11.5% Pagaya AI Debt Selection Trust 9.8% First American Government Obligations Fund 3.5% American Credit Acceptance Receivables Trust 2.3% GS Mortgage-Backed Securities Trust 2.0% Marlette Funding Trust 1.8% Verus Securitization Trust 1.8% GLS Auto Receivables Trust 1.7% CPS Auto Trust 1.7% Pretium Mortgage Credit Partners LLC 1.6% AAA 47.2% AA 10.1% A 19.2% BBB 15.6% BB 2.2% B 0.6% NR 5.0% | |
Updated Prospectus Web Address | https://angeloakcapital.com/resources/. | |
Angel Oak High Yield Opportunities ETF | | |
Shareholder Report [Line Items] | | |
Fund Name | Angel Oak High Yield Opportunities ETF | |
Class Name | Angel Oak High Yield Opportunities ETF | |
Trading Symbol | AOHY | |
Security Exchange Name | NYSEArca | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Angel Oak High Yield Opportunities ETF (the Fund) for the period of February 1, 2024, to July 31, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://angeloakcapital.com/resources/ . You can also request this information by contacting us at 1-855-751-4324 . | |
Additional Information Phone Number | 1-855-751-4324 | |
Additional Information Website | https://angeloakcapital.com/resources/ | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Angel Oak High Yield Opportunities ETF $28 0.55%* | [10] |
Expenses Paid, Amount | $ 28 | |
Expense Ratio, Percent | 0.55% | [10] |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM DURING THE PERIOD? The Fund returned 4.86% based on market price and 4.57% based on net asset value (NAV) for the six-month period ending July 31, 2024. The Fund outperformed the Bloomberg U.S. Corporate High Yield Index, the Fund’s performance benchmark, by 28 basis points (bps) based on market price and underperformed its performance benchmark by 1 bp based on NAV, as the performance benchmark returned 4.58% over the same period. WHAT FACTORS INFLUENCED PERFORMANCE? The outperformance of high yield securitized credit relative to the Fund’s performance benchmark underpinned performance. Securitized credit is an out-of-index allocation, and the non-agency residential mortgage-backed securities (RMBS) and asset-backed securities (ABS) allocations outperformed the index by more than 120 bps and 370 bps, respectively. The high yield corporate bond allocation underperformed the Fund’s performance benchmark, reflecting its relatively conservative positioning in a period of tight credit spread valuations and softening economic activity at the margin. HOW WAS THE FUND POSITIONED DURING THE PERIOD? The Fund maintained an out-of-index exposure to securitized credit, specifically high yield non-agency RMBS and ABS, which we believe remain undervalued relative to high yield corporate credit. Top Contributors ↑ Overweight to high yield securitized credit Top Detractors ↓ Underweight to higher risk, higher potential return CCC and below-rated issuers in a period of outperformance; select holdings in media issuers | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year 5 Year 10 Year Angel Oak High Yield Opportunities ETF NAV 10.77 4.81 5.03 Angel Oak High Yield Opportunities ETF Market 11.08 4.86 5.06 Bloomberg U.S. Aggregate Bond Index 5.10 0.19 1.61 Bloomberg U.S. Corporate High Yield Index 11.05 4.20 4.65 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | Visit https://angeloakcapital.com/resources/ for more recent performance information. | |
Net Assets | $ 86,539,640 | |
Holdings Count | $ / shares | 201 | |
Investment Company Portfolio Turnover | 20% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of July 31, 2024) Net Assets $86,539,640 Number of Holdings 201 Portfolio Turnover 20% Average Credit Quality BB Effective Duration 3.07 years 30-Day SEC Yield 6.95% 30-Day SEC Yield Unsubsidized 6.95% Weighted Average Life 4.35 years Distribution Yield 6.87% | |
Holdings [Text Block] | Mortgage Securities 14.8% Energy 14.6% Financial 11.6% Industrial 10.7% Asset Backed Securities 10.3% Consumer, Cyclical 9.9% Consumer, Non-cyclical 7.4% Basic Materials 5.8% Communications 5.5% Cash & Other 9.4% First American Government Obligations Fund 4.0% COLT Funding LLC 3.5% iShares Broad USD High Yield Corporate Bond ETF 2.9% Radnor RE Ltd. 1.8% Verus Securitization Trust 1.7% Antero Midstream Partners LP / Antero Midstream Finance Corp. 1.6% PRPM LLC 1.5% JP Morgan Mortgage Trust 1.4% Progress Residential Trust 1.3% Warrior Met Coal, Inc. 1.2% AAA 3.4% AA 1.4% A 1.0% BBB 4.8% BB 56.4% B 22.3% CCC 3.2% NR 7.5% | |
Material Fund Change [Text Block] | Changes to the Fund’s Principal Investment Strategy. Effective May 30, 2024, the Fund’s minimum investment, under normal circumstances, in structured products has been reduced from 20% to 5%. Other Material Fund Changes. Effective as of the close of business on February 16, 2024, the Angel Oak High Yield Opportunities Fund (the Predecessor Fund) was reorganized into the Fund, and the Predecessor Fund’s performance (Institutional Class shares) and financial history were adopted by the Fund. This is a summary of certain changes to the Fund since February 1, 2024. For more complete information, you may review the Fund’s current prospectus, dated May 30, 2024, as supplemented to date, which is available at https://angeloakcapital.com/resources/ or upon request at 1-855-751-4324 . | |
Updated Prospectus Phone Number | 1-855-751-4324 | |
Updated Prospectus Web Address | https://angeloakcapital.com/resources/ | |
Angel Oak Mortgage-Backed Securities ETF | | |
Shareholder Report [Line Items] | | |
Fund Name | Angel Oak Mortgage-Backed Securities ETF | |
Class Name | Angel Oak Mortgage-Backed Securities ETF | |
Trading Symbol | MBS | |
Security Exchange Name | NYSEArca | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Angel Oak Mortgage-Backed Securities ETF (the Fund) for the period of February 1, 2024, to July 31, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https:// angeloakcapital.com/resources/ . You can also request this information by contacting us at 1-855-751-4324 . | |
Additional Information Phone Number | 1-855-751-4324 | |
Additional Information Website | https://angeloakcapital.com/resources/ | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Angel Oak Mortgage-Backed Securities ETF $25 0.49%* | [11] |
Expenses Paid, Amount | $ 25 | |
Expense Ratio, Percent | 0.49% | [11] |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM DURING THE PERIOD? The Fund returned 3.61% based on market price and 3.64% based on net asset value (NAV) for the six-month period ending July 31, 2024. The Fund outperformed the Bloomberg U.S. Mortgage-Backed Securities Index, the Fund’s performance benchmark, by 150 basis points (bps) based on market price and 153 bps based on NAV, as the performance benchmark returned 2.11% over the same period. WHAT FACTORS INFLUENCED PERFORMANCE? The Fund outperformed the performance benchmark during the period, driven primarily by the higher allocation to non-agency residential mortgage-backed securities (RMBS). Higher current income relative to the performance benchmark allowed the Fund to better weather the volatility occurring during the period. The higher yield and tighter spreads in RMBS contributed to relative performance versus the performance benchmark. HOW WAS THE FUND POSITIONED DURING THE PERIOD? The Fund maintained a higher allocation than the performance benchmark to non-agency RMBS. The Fund was positioned to limit cash exposure because of large shareholder inflows relative to Fund size. Within non-agency RMBS, the Fund had higher allocations to non-qualified mortgage (non-QM) and prime jumbo subsectors, which had strong performance. Top Contributors ↑ Investment-grade non-agency RMBS; non-QM subsector; underweight to agency RMBS Top Detractors ↓ Higher-coupon agency RMBS | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year Since Inception (06/04/2021) Angel Oak Mortgage-Backed Securities ETF NAV 7.67 -1.31 Angel Oak Mortgage-Backed Securities ETF Market 7.63 -1.32 Bloomberg U.S. Aggregate Bond Index 5.10 -1.98 Bloomberg U.S. Mortgage-Backed Securities Index 4.89 -1.99 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | Visit https://angeloakcapital.com/resources/ for more recent performance information. | |
Net Assets | $ 69,171,792 | |
Holdings Count | $ / shares | 99 | |
Investment Company Portfolio Turnover | 86% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of July 31, 2024) Net Assets $69,171,792 Number of Holdings 99 Portfolio Turnover 86% Average Credit Quality AA Effective Duration 6.02 years 30-Day SEC Yield 4.77% 30-Day SEC Yield Unsubsidized 4.47% Weighted Average Life 5.77 years Distribution Yield 5.61% | |
Holdings [Text Block] | Residential Mortgage-Backed Securities 61.6% Residential Mortgage-Backed Securities - U.S. Government Agency 32.3% Commercial Mortgage-Backed Securities - U.S. Government Agency 6.9% Money Market Funds 1.9% Asset-Backed Securities 1.8% Corporate Obligations 0.6% Futures 0.4% Commercial Mortgage-Backed Securities 0.3% Cash & Other -5.8% Federal Home Loan Mortgage Corp. 20.6% Federal National Mortgage Association 16.8% JP Morgan Mortgage Trust 7.6% Verus Securitization Trust 7.5% COLT Funding LLC 6.1% PRPM LLC 5.8% SGR Residential Mortgage Trust 3.6% Onslow Bay Mortgage Loan Trust 2.8% Mello Mortgage Capital Acceptance 2.6% JP Morgan Wealth Management 2.5% AAA 69.7% AA 6.6% A 3.5% BBB 6.0% BB 8.5% B 0.3% NR 5.4% | |
Material Fund Change [Text Block] | Material Fund Change. Effective as of the close of business on February 16, 2024, the Angel Oak Total Return Bond Fund (the Predecessor Fund) was reorganized into the Fund, and the Predecessor Fund’s performance (Institutional Class shares) and financial history were adopted by the Fund. This is a summary of certain changes to the Fund since February 1, 2024. For more complete information, you may review the Fund’s current prospectus, dated May 30, 2024, as supplemented to date, which is available at https://angeloakcapital.com/resources/ or upon request at 1-855-751-4324 . | |
Updated Prospectus Phone Number | 1-855-751-4324 | |
Updated Prospectus Web Address | https://angeloakcapital.com/resources/ | |
Angel Oak UltraShort Income ETF | | |
Shareholder Report [Line Items] | | |
Fund Name | Angel Oak UltraShort Income ETF | |
Class Name | Angel Oak UltraShort Income ETF | |
Trading Symbol | UYLD | |
Security Exchange Name | NYSEArca | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Angel Oak UltraShort Income ETF (the Fund) for the period of February 1, 2024, to July 31, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://angeloakcapital.com/resources/ . You can also request this information by contacting us at 1-855-751-4324 . | |
Additional Information Phone Number | 1-855-751-4324 | |
Additional Information Website | https://angeloakcapital.com/resources/ | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Angel Oak UltraShort Income ETF $15 0.29%* | [12] |
Expenses Paid, Amount | $ 15 | |
Expense Ratio, Percent | 0.29% | [12] |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM DURING THE PERIOD? The Fund returned 3.40% based on market price and 3.29% based on net asset value (NAV) for the six-month period ending July 31, 2024. The Fund outperformed the Bloomberg U.S. Treasury Bills Index, one of the Fund’s performance benchmarks, by 74 basis points (bps) based on market value and 63 bps based on NAV, as the performance benchmark returned 2.66% over the same period. The Fund outperformed the Bloomberg Short-Term Government/Corporate Index, the Fund’s other performance benchmark, by 79 bps based on market value and 68 bps based on NAV, as the performance benchmark returned 2.61% over the same period. WHAT FACTORS INFLUENCED PERFORMANCE? The Fund outperformed the performance benchmarks during the period, driven primarily by the higher allocation to investment-grade asset-backed securities (ABS), non-agency residential mortgage-backed securities (RMBS), and collateralized loan obligations (CLOs). Higher income relative to the performance benchmarks and the short duration of the Fund allowed it to better weather the volatility occurring during the period. The higher yield and tighter spreads in RMBS, ABS, and CLOs contributed to relative performance versus the performance benchmarks. HOW WAS THE FUND POSITIONED DURING THE PERIOD? The Fund maintained an overweight position to securitized credit. Within securitized credit, the Fund had higher allocations to investment-grade ABS, non-agency RMBS, and CLOs, which had strong performance. Top Contributors ↑ High income relative to performance benchmarks; short duration; investment-grade securitized credit Top Detractors ↓ Investment-grade corporate bonds | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year Since Inception (10/24/2022) Angel Oak UltraShort Income ETF NAV 7.36 6.85 Angel Oak UltraShort Income ETF Market 7.49 6.93 Bloomberg U.S. Aggregate Bond Index ** 5.10 6.70 Bloomberg Short Term Government/Corporate Index 5.59 5.14 Bloomberg U.S. Treasury Bills 5.50 5.10 | [13] |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | Visit https://angeloakcapital.com/resources/ for more recent performance information. | |
Net Assets | $ 480,804,575 | |
Holdings Count | $ / shares | 375 | |
Investment Company Portfolio Turnover | 53% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of July 31, 2024) Net Assets $480,804,575 Number of Holdings 375 Portfolio Turnover 53% Average Credit Quality A Effective Duration 0.84 years 30-Day SEC Yield 5.79% 30-Day SEC Yield Unsubsidized 5.53% Weighted Average Life 1.25 years Distribution Yield 6.37% | |
Holdings [Text Block] | Asset-Backed Securities 41.9% Collateralized Loan Obligations 13.6% Commercial Mortgage-Backed Securities - U.S. Government Agency 11.6% Corporate Obligations 10.9% Residential Mortgage-Backed Securities 10.6% Residential Mortgage-Backed Securities - U.S. Government Agency Credit Risk Transfer 4.9% Money Market Funds 4.4% Commercial Mortgage-Backed Securities 1.6% Residential Mortgage-Backed Securities - U.S. Government Agency 1.2% Cash & Other -0.7% Federal Home Loan Mortgage Corp. 14.9% Pagaya AI Debt Selection Trust 10.6% First American Government Obligations Fund 4.4% Marlette Funding Trust 3.4% Exeter Automobile Receivables Trust 3.2% PRPM LLC 2.4% American Credit Acceptance Receivables Trust 1.7% CPS Auto Trust 1.7% Westlake Automobile Receivables Trust 1.7% Prosper Marketplace Issuance Trust 1.7% AAA 42.0% AA 10.4% A 21.7% BBB 21.2% BB 1.5% B 0.5% NR 2.8% | |
Updated Prospectus Web Address | https://angeloakcapital.com/resources/. | |
Angel Oak Income ETF | | |
Shareholder Report [Line Items] | | |
Fund Name | Angel Oak Income ETF | |
Class Name | Angel Oak Income ETF | |
Trading Symbol | CARY | |
Security Exchange Name | NYSEArca | |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the Angel Oak Income ETF (the Fund) for the period of February 1, 2024, to July 31, 2024. | |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://angeloakcapital.com/resources/ . You can also request this information by contacting us at 1-855-751-4324 . | |
Additional Information Phone Number | 1-855-751-4324 | |
Additional Information Website | https://angeloakcapital.com/resources/ | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Angel Oak Income ETF $40 0.79%* | [14] |
Expenses Paid, Amount | $ 40 | |
Expense Ratio, Percent | 0.79% | [14] |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM DURING THE PERIOD? The Fund returned 4.90% based on market price and 4.34% based on net asset value (NAV) for the six-month period ending July 31, 2024. The Fund outperformed the Bloomberg U.S. Aggregate Bond Index, the Fund’s benchmark, by 301 basis points (bps) based on market value and 245 bps based on NAV, as the benchmark returned 1.89% over the same period. WHAT FACTORS INFLUENCED PERFORMANCE? The Fund’s outperformance was primarily due to a rate duration shorter than the benchmark’s, higher current income relative to the benchmark, and relative spread outperformance in the credit allocation, particularly the non-agency residential mortgage-backed securities (RMBS) allocation. HOW WAS THE FUND POSITIONED DURING THE PERIOD? The Fund’s allocations to non-agency RMBS and asset-backed securities (ABS) were reduced to take gains on sectors that have experienced spread compression. Additionally, the Fund’s allocation to commercial mortgage-backed securities was increased to take advantage of what we believe is attractive relative value. Top Contributors ↑ Interest rate duration positioning; non-agency RMBS; ABS Top Detractors ↓ Agency RMBS | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year Since Inception (11/07/2022) Angel Oak Income ETF NAV 9.88 8.61 Angel Oak Income ETF Market 10.18 8.80 Bloomberg U.S. Aggregate Bond Index 5.10 6.44 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | Visit https://angeloakcapital.com/resources/ for more recent performance information. | |
Net Assets | $ 212,936,133 | |
Holdings Count | $ / shares | 392 | |
Investment Company Portfolio Turnover | 55% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of July 31, 2024) Net Assets $212,936,133 Number of Holdings 392 Portfolio Turnover 55% Average Credit Quality A Effective Duration 3.89 years 30-Day SEC Yield 6.44% 30-Day SEC Yield Unsubsidized 6.24% Weighted Average Life 5.75 years Distribution Yield 7.55% | |
Holdings [Text Block] | Residential Mortgage-Backed Securities 42.6% Residential Mortgage-Backed Securities - U.S. Government Agency 19.5% Asset-Backed Securities 15.8% Collateralized Loan Obligations 11.2% Commercial Mortgage-Backed Securities 5.9% Corporate Obligations 4.6% Commercial Mortgage-Backed Securities - U.S. Government Agency 2.5% Money Market Funds 2.4% Residential Mortgage-Backed Securities - U.S. Government Agency Credit Risk Transfer 1.5% Cash & Other -6.0% Government National Mortgage Association 10.6% JP Morgan Mortgage Trust 7.9% Federal National Mortgage Association 6.4% Federal Home Loan Mortgage Corp. 6.0% COLT Funding LLC 6.0% PRPM LLC 5.0% Verus Securitization Trust 4.1% Pagaya AI Debt Selection Trust 2.9% First American Government Obligations Fund 2.4% Saluda Grade Mortgage Funding LLC 2.0% AAA 29.8% AA 4.6% A 8.8% BBB 18.5% BB 23.2% B 5.5% CCC 0.1% NR 9.5% | |
Updated Prospectus Web Address | https://angeloakcapital.com/resources/ | |
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[1] * Annualized. * Annualized. * Annualized. * Annualized. ** In accordance with new regulatory requirements, the Fund’s regulatory index has changed to the Bloomberg U.S. Aggregate Bond Index. * Annualized. ** In accordance with new regulatory requirements, the Fund’s regulatory index has changed to the Bloomberg U.S. Aggregate Bond Index. * Annualized. ** In accordance with new regulatory requirements, the Fund’s regulatory index has changed to the Bloomberg U.S. Aggregate Bond Index. * Annualized. * Annualized. * Annualized. ** In accordance with new regulatory requirements, the Fund’s regulatory index has changed to the Bloomberg U.S. Aggregate Bond Index. * Annualized. |