Angel Oak Financial Strategies Income Term Trust (FINS)

• Market cap: $320M
• 1 day: 0.95%
• 5 days: -1.92%
• 1 month: 1.91%
• 3 months: -2.96%
• 6 months: 5.36%
• Year to date: 7.39%
• 1 year: 8.12%
• 5 years: -38.29%
• 10 years: -36.10%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

3% more funds holding

Funds holding: 34 [Q2] → 35 (+1) [Q3]

8% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 12

9.76% less ownership

Funds ownership: 60.18% [Q2] → 50.42% (-9.76%) [Q3]

10% less capital invested

Capital invested by funds: $187M [Q2] → $167M (-$19.6M) [Q3]