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

2 slides from Angel Oak High Yield Opportunities ETF's fact sheet, Sep 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 Since inception, ASCIX has 8.58% delivered
Slide 2: Net Total Returns (as of 9/30/25)
Angel Oak Capital Advisors September 30, 2025 Gross Exp. Net Exp. Net Total Returns (as of 9/30/25) 3Q25 YTD 1 Year 3 Year 5 Year Inception1 Ratio* Ratio* Class I 1.72% 6.69% 7.12% 10.15% 9.62% 6.95% 1.90% 1.90% BBg U.S. Corporate High Yield Index 2.54% 7.22% 7.41% 11.09% 5.55% 5.16% - - BBg U.S. Ag