Angel Oak High Yield Opportunities ETF — Angel Oak Strategic Credit Fund — Fact Sheet (December 2023)

2 slides from Angel Oak High Yield Opportunities ETF's fact sheet, Dec 31, 2023

Slide 1: Angel Oak Strategic Credit Fund (ASCIX)
Angel Oak Strategic Credit Fund (ASCIX) 5+ Years of Strong Outperformance, Attractive Risk Characteristics & High Income 1. ATTRACTIVE CUMULATIVE RETURN 2. STRONG RISK-ADJUSTED RESULTS 3. HIGH INCOME* ↑ Strong Outperformance High Relative Sharpe Ratio 1.01 8.64% Since inception, ASCIX has delivered
Slide 2: Net Total Returns as of 12/31/23
ANGEL OAK CAPITAL ADVISORS DECEMBER 31, 2023 Gross Exp. Net Exp. NET TOTAL RETURNS (AS OF 12/31/23) 4Q23 YTD 1 YEAR 3 YEAR 5 YEAR INCEPTION1 Ratio* Ratio* Class I 2.77% 11.87% 11.87% 7.56% 6.30% 6.04% 2.31% 1.96% BBg U.S. Corp. High Yield Index 7.16% 13.44% 13.44% 1.98% 5.37% 4.10% - - BBg U.S. Agg.