The folks at a $25.1-billion-AUM*, 72-person, alternative credit-focused asset manager are celebrating a leather anniversary for a key business line.

Earlier this week, Sreeni Prabhu, co-CEO and group chief investment officer of Angel Oak Capital Advisors LLC [profile], highlighted the recent third anniversary of the Atlanta-based, active fixed income fund firm's ETF platform. The big birthday was last month, on October 24.

The Angel Oak team launched their first ETF, the Angel Oak UltraShort Income ETF (UYLD), on October 24, 2022. That flagship fund has since grown to $1.2 billion in AUM**, accounting for 54 percent of Angel Oak's $2.2176 billion in total ETF AUM**. (Angel Oak's ETFs, in turn, account for 8.8 percent of the firm's total AUM.)

The Angel Oak team now offers five ETFs in total. In addition to UYLD, Angel Oak's include:

the $717.3-million-AUM** Angel Oak Income ETF (CARY);

the $154.2-million-AUM** Angel Oak Mortgage-Backed Securities ETF (MBS);

the $128-million-AUM** Angel Oak High Yield Opportunities ETF (AOHY); and

the $18.1-million-AUM** Angel Oak Total Return ETF (TRBF).

Prabhu puts the milestone (which could be crucial for marketing and distribution opportunities, given that many intermediaries and screening tools automatically ignore funds with less than a three-year track record) in the context of what he describes as the demand-driven transformation of "what was once a niche market for actively managed fixed income ETFs."

"We are proud of the progress we've made in just three years and see a long runway for further growth," Prabhu states. "We believe Angel Oak is uniquely positioned to lead in delivering differentiated income and total return solutions to institutions and advisors."

*As of September 30, 2025.

**As of today. 

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