Angel Oak Total Return ETF
TRBF
NASDAQ Global Select- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 980 Hammond Drive, Suite 200 Atlanta GA United States of America 30328
- IPO Date
- Oct 7, 2025
- CIK
- 0001612930
- Website
- angeloakcapital.com
- Similar Companies
- Business
- Angel Oak Total Return ETF (TRBF) is an actively managed exchange-traded fund that seeks total return through investments in a diversified portfolio of fixed income securities, with a concentration in mortgage-related instruments. The fund primarily invests in agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), U.S. Treasury and government agency securities, corporate debt including bank-issued subordinated debt, collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), collateralized mortgage obligations (CMOs), collateralized bond obligations (CBOs), asset-backed securities (ABS) backed by assets such as credit card receivables, student loans, automobile loans, and real estate, mortgage loans, secured and unsecured consumer loans, commercial loans, municipal securities, and securities of other investment companies; under normal circumstances, the fund invests more than 25% of its assets in mortgage-related instruments including agency and non-agency RMBS, CMBS, and mortgage loans. It targets a portfolio duration of two to eight years and weighted average maturity of two to fifteen years, with flexibility to invest across maturities, credit qualities including up to 20% in high-yield securities, and U.S. dollar-denominated foreign debt; the fund may use derivatives such as swaps, futures, and options for hedging, duration management, or speculation, and employs borrowing for leverage. Launched on October 7, 2025, and listed on the Nasdaq Stock Market LLC, TRBF is advised by Angel Oak Capital Advisors, LLC, with Quasar Distributors, LLC as distributor, and features a net expense ratio of 0.44% after fee waivers through September 30, 2027. Headquartered in Atlanta, Georgia, the fund operates within Angel Oak's ETF platform, which reached a three-year milestone in November 2025 with $2.6 billion in assets under management across five fixed income strategies, reflecting robust growth and the recent addition of TRBF as a core-plus offering focused on securitized credit for income and diversification.