FYI: Angel Oak Multi-Strategy Income is a fund that has long been on Morningstar's radar. This multisector bond fund was launched in June 2011 and has grown to almost $8 billion in assets. It has done so on the back of strong performance. Over the trailing five years as of May 2019, it has beat almost 90% of its peers. It has accomplished that record in part by being in the right place at the right time. Over half of the portfolio is invested in nonagency mortgages, which have been on an impressive run since their blowup in the financial crisis.
Regards,
Ted
https://www.morningstar.com/videos/934726/a-multisector-bond-fund-were-watching-closely.html
