Angel Oak Strategic Credit Fund
ASCIX
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- Angel Oak Strategic Credit Fund (ASCIX) is a closed-end interval fund managed by Angel Oak Capital Advisors, LLC that seeks total return through investments across structured and corporate credit, focusing on the best relative value opportunities in fixed income; at least 80% of its net assets are invested in credit-related assets including residential mortgage credit, asset-backed securities (ABS), corporate debt and preferred securities, collateralized loan obligations (CLOs), and commercial mortgage credit (CMBS). The Fund employs a top-down approach incorporating interest rate analysis, global economic expectations, and fixed income valuations, supported by a team of sector specialists who research opportunities in securitized credit, which offers wide spreads relative to corporate bonds for potential total return, and corporate credit; its interval structure provides quarterly repurchase offers to mitigate liquidity risks during market volatility. Launched on December 26, 2017, the Fund targets institutional and retail investors seeking diversified fixed-income strategies with enhanced yield, primarily serving as a diversifier in fixed-income allocations. In August 2024, the Fund surpassed $100 million in assets under management, reflecting strong investor interest in its interval fund structure amid volatile markets and its track record of risk-adjusted returns, including year-to-date performance of 6.69%, one-year returns of 7.12%, and inception-to-date annualized returns of 6.95% as of recent data. A major strategic development occurred in October 2025 when Brookfield Asset Management Ltd. completed the acquisition of a majority stake in Angel Oak Companies, LP, the parent of Angel Oak Capital Advisors, integrating the Fund's manager into Brookfield's $332 billion credit platform while preserving operational independence and day-to-day management; this partnership enhances residential mortgage credit capabilities, accelerates growth through Brookfield's global reach, and supports expanded institutional access without material changes to the Fund's strategies. Angel Oak Capital Advisors, founded in 2008 and headquartered in Atlanta with additional offices in New York and Seattle, oversees $25.1 billion in total assets under management across 40+ investment vehicles specializing in structured credit, mortgage-backed securities, and alternative fixed-income solutions.