Angel Oak Financial Strategies Income Term TrustFINS
Market Cap: $330M
About: Angel Oak Financial Strats Income Term is a non-diversified, closed-end management investment company. The fund's objective is to seek current income with a secondary objective of total return. In pursuing its investment objective, the fund invests mainly in debt issued by financial institutions, including subordinated debt, unrated debt, senior debt, and high-yield securities.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
3% more funds holding
Funds holding: 33 [Q1] → 34 (+1) [Q2]
5.38% less ownership
Funds ownership: 56.72% [Q1] → 51.34% (-5.38%) [Q2]
10% less capital invested
Capital invested by funds: $178M [Q1] → $159M (-$18.3M) [Q2]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for FINS.