BND - CARY: Promising Performance Potential

2024-05-29 16:45:04 ET

Summary

• Angel Oak Income ETF is an actively managed fund that focuses on credit risk in the fixed income markets.
• The CARY fund has a diversified portfolio with a mix of holdings and a relatively low duration, making it less volatile.
• CARY outperforms the Vanguard Total Bond Market Index Fund ETF and offers a promising income play with a 30-Day SEC Yield of 6.03%.

Those who follow the constant hunt for income in capital markets may be familiar with the dilemma that, generally speaking, the higher the yield, the more danger it entails. This especially holds true now with credit spreads near cycle lows, as the bond market continues to price in little to no default risk for highly levered debt issuers. Because of this, being opportunistic and careful with security selection in the bond market, I’d argue, matters more than ever. And one fund that attempts to be good at both is Angel Oak Income ETF ( CARY )....

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