Angel Oak High Yield Opportunities ETF — Angel Oak Strategic Credit Fund — Fact Sheet (June 2025)

2 slides from Angel Oak High Yield Opportunities ETF's fact sheet, Jun 30, 2025

Slide 1: Angel Oak Strategic Credit Fund (ASCIX)
Angel Oak Strategic Credit Fund (ASCIX) 7+ 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 1.19 Sharpe Ratio 9.27% Since inception, ASCIX has delivered
Slide 2: Net Total Returns (As of 6/30/25)
Angel Oak Capital Advisors June 30, 2025 Gross Exp. Net Exp. Net Total Returns (As of 6/30/25) 2Q25 YTD 1 Year 3 Year 5 Year Inception1 Ratio* Ratio* Class I 2.30% 4.89% 9.45% 9.12% 10.30% 6.95% 1.90% 1.90% BBg U.S. Corporate High Yield Index 3.53% 4.57% 10.29% 9.93% 5.97% 4.98% - - BBg U.S. Agg. Bo