# EDGAR Filing Document

**Accession Number:** 0001612930
**File Stem:** 0001438934-25-001558
**Filing Date:** 2025-8
**Character Count:** 21152
**Document Hash:** 370ef27fd02236769b0cfe3be165e818
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001438934-25-001558.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001438934-25-001558

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**EFFECTIVENESS DATE**: 20250825

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Angel Oak Funds Trust
- **CENTRAL INDEX KEY:** 0001612930

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22980
- **FILM NUMBER:** 251250579

**BUSINESS ADDRESS:**
- **STREET 1:** 3344 PEACHTREE ROAD NE, SUITE 1725
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30326
- **BUSINESS PHONE:** 404-953-4900

**MAIL ADDRESS:**
- **STREET 1:** 3344 PEACHTREE ROAD NE, SUITE 1725
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30326

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001612930

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Registered Management Investment Company

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Angel Oak Funds Trust

**Address:** 3344 Peachtree Road NE, Suite 1725, Atlanta, GA 30326

**Telephone number:** 404-953-4900

**Name of agent for service:** Adam Langley c/o Angel Oak Capital Advisors, LLC

**Agent Address:** 3344 Peachtree Road NE, Suite 1725, Atlanta, GA 30326

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 811-22980

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [x] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                     | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                          | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ENVIVA PARTNERS LP                 | 29413XAD9 | 11/06/2024     | VOTE ON THE PLAN. SELECT "FOR" TO ACCEPT THE PLAN SELECT "AGAINST" TO REJECT THE PLAN. ABSTAIN IS NOT A VALID VOTING OPTION AND WILL NOT COUNT.                           | OTHER                        |         400000 |                0 | FOR         |                                   400000 | NONE                        |  |
| ENVIVA PARTNERS LP                 | 29413XAD9 | 11/06/2024     | OPT-IN OF THE THIRD-PARTY RELEASE. (FOR = OPT-IN, AGAINST OR ABSTAIN = DO NOT OPT-IN).                                                                                    | OTHER                        |         400000 |                0 | FOR         |                                   400000 | NONE                        |  |
| ENVIVA PARTNERS LP                 | 29413XAD9 | 11/06/2024     | VOTE ON THE PLAN. SELECT "FOR" TO ACCEPT THE PLAN SELECT "AGAINST" TO REJECT THE PLAN. ABSTAIN IS NOT A VALID VOTING OPTION AND WILL NOT COUNT.                           | OTHER                        |         150000 |                0 | FOR         |                                   150000 | NONE                        |  |
| ENVIVA PARTNERS LP                 | 29413XAD9 | 11/06/2024     | OPT-IN OF THE THIRD-PARTY RELEASE. (FOR = OPT-IN, AGAINST OR ABSTAIN = DO NOT OPT-IN).                                                                                    | OTHER                        |         150000 |                0 | FOR         |                                   150000 | NONE                        |  |
| ANNALY CAPITAL MANAGEMENT, INC.    | 035710839 | 05/14/2025     | Election of Director: David L. Finkelstein                                                                                                                                | DIRECTOR ELECTIONS           |          84833 |                0 | FOR         |                                    84833 | FOR                         |  |
| ANNALY CAPITAL MANAGEMENT, INC.    | 035710839 | 05/14/2025     | Election of Director: Thomas Hamilton                                                                                                                                     | DIRECTOR ELECTIONS           |          84833 |                0 | FOR         |                                    84833 | FOR                         |  |
| ANNALY CAPITAL MANAGEMENT, INC.    | 035710839 | 05/14/2025     | Election of Director: Kathy Hopinkah Hannan                                                                                                                               | DIRECTOR ELECTIONS           |          84833 |                0 | FOR         |                                    84833 | FOR                         |  |
| ANNALY CAPITAL MANAGEMENT, INC.    | 035710839 | 05/14/2025     | Election of Director: Martin Laguerre                                                                                                                                     | DIRECTOR ELECTIONS           |          84833 |                0 | FOR         |                                    84833 | FOR                         |  |
| ANNALY CAPITAL MANAGEMENT, INC.    | 035710839 | 05/14/2025     | Election of Director: Manon Laroche                                                                                                                                       | DIRECTOR ELECTIONS           |          84833 |                0 | FOR         |                                    84833 | FOR                         |  |
| ANNALY CAPITAL MANAGEMENT, INC.    | 035710839 | 05/14/2025     | Election of Director: Eric A. Reeves                                                                                                                                      | DIRECTOR ELECTIONS           |          84833 |                0 | FOR         |                                    84833 | FOR                         |  |
| ANNALY CAPITAL MANAGEMENT, INC.    | 035710839 | 05/14/2025     | Election of Director: Glenn A. Votek                                                                                                                                      | DIRECTOR ELECTIONS           |          84833 |                0 | FOR         |                                    84833 | FOR                         |  |
| ANNALY CAPITAL MANAGEMENT, INC.    | 035710839 | 05/14/2025     | Election of Director: Scott Wede                                                                                                                                          | DIRECTOR ELECTIONS           |          84833 |                0 | FOR         |                                    84833 | FOR                         |  |
| ANNALY CAPITAL MANAGEMENT, INC.    | 035710839 | 05/14/2025     | Election of Director: Vicki Williams                                                                                                                                      | DIRECTOR ELECTIONS           |          84833 |                0 | FOR         |                                    84833 | FOR                         |  |
| ANNALY CAPITAL MANAGEMENT, INC.    | 035710839 | 05/14/2025     | Advisory approval of the Company's executive compensation.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          84833 |                0 | FOR         |                                    84833 | FOR                         |  |
| ANNALY CAPITAL MANAGEMENT, INC.    | 035710839 | 05/14/2025     | Ratification of the appointment of Ernst  Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025.          | AUDIT-RELATED                |          84833 |                0 | FOR         |                                    84833 | FOR                         |  |
| ANNALY CAPITAL MANAGEMENT, INC.    | 035710839 | 05/14/2025     | Advisory stockholder proposal to adopt the right to act by written consent.                                                                                               | CORPORATE GOVERNANCE         |          84833 |                0 | FOR         |                                    84833 | AGAINST                     |  |
| ELLINGTON FINANCIAL INC.           | 28852N109 | 05/29/2025     | DIRECTOR: Stephen J. Dannhauser                                                                                                                                           | DIRECTOR ELECTIONS           |         103500 |                0 | FOR         |                                   103500 | FOR                         |  |
| ELLINGTON FINANCIAL INC.           | 28852N109 | 05/29/2025     | DIRECTOR: Lisa Mumford                                                                                                                                                    | DIRECTOR ELECTIONS           |         103500 |                0 | FOR         |                                   103500 | FOR                         |  |
| ELLINGTON FINANCIAL INC.           | 28852N109 | 05/29/2025     | DIRECTOR: Laurence E. Penn                                                                                                                                                | DIRECTOR ELECTIONS           |         103500 |                0 | FOR         |                                   103500 | FOR                         |  |
| ELLINGTON FINANCIAL INC.           | 28852N109 | 05/29/2025     | DIRECTOR: Edward Resendez                                                                                                                                                 | DIRECTOR ELECTIONS           |         103500 |                0 | FOR         |                                   103500 | FOR                         |  |
| ELLINGTON FINANCIAL INC.           | 28852N109 | 05/29/2025     | DIRECTOR: Ronald I. Simon, Ph.D.                                                                                                                                          | DIRECTOR ELECTIONS           |         103500 |                0 | FOR         |                                   103500 | FOR                         |  |
| ELLINGTON FINANCIAL INC.           | 28852N109 | 05/29/2025     | The approval, on an advisory basis, of the compensation of the named executive officers.                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         103500 |                0 | FOR         |                                   103500 | FOR                         |  |
| ELLINGTON FINANCIAL INC.           | 28852N109 | 05/29/2025     | The ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the year ending December 31, 2025.                                | AUDIT-RELATED                |         103500 |                0 | FOR         |                                   103500 | FOR                         |  |
| ENVIVA PARTNERS LP                 | 29413XAD9 | 11/06/2024     | VOTE ON THE PLAN. SELECT "FOR" TO ACCEPT THE PLAN SELECT "AGAINST" TO REJECT THE PLAN. ABSTAIN IS NOT A VALID VOTING OPTION AND WILL NOT COUNT.                           | OTHER                        |         100000 |                0 | FOR         |                                   100000 | NONE                        |  |
| ENVIVA PARTNERS LP                 | 29413XAD9 | 11/06/2024     | OPT-IN OF THE THIRD-PARTY RELEASE. (FOR = OPT-IN, AGAINST OR ABSTAIN = DO NOT OPT-IN).                                                                                    | OTHER                        |         100000 |                0 | FOR         |                                   100000 | NONE                        |  |
| PENNYMAC MORTGAGE INVESTMENT TRUST | 70931T103 | 06/24/2025     | Election of Class I Trustee for a term expiring at the 2028 Annual Meeting of Shareholders: Scott W. Carnahan                                                             | DIRECTOR ELECTIONS           |          81182 |                0 | FOR         |                                    81182 | FOR                         |  |
| PENNYMAC MORTGAGE INVESTMENT TRUST | 70931T103 | 06/24/2025     | Election of Class I Trustee for a term expiring at the 2028 Annual Meeting of Shareholders: Donna M. Corley                                                               | DIRECTOR ELECTIONS           |          81182 |                0 | FOR         |                                    81182 | FOR                         |  |
| PENNYMAC MORTGAGE INVESTMENT TRUST | 70931T103 | 06/24/2025     | Election of Class I Trustee for a term expiring at the 2028 Annual Meeting of Shareholders: Renee R. Schultz                                                              | DIRECTOR ELECTIONS           |          81182 |                0 | FOR         |                                    81182 | FOR                         |  |
| PENNYMAC MORTGAGE INVESTMENT TRUST | 70931T103 | 06/24/2025     | To ratify the appointment of our independent registered public accounting firm for the fiscal year ending December 31, 2025.                                              | AUDIT-RELATED                |          81182 |                0 | FOR         |                                    81182 | FOR                         |  |
| PENNYMAC MORTGAGE INVESTMENT TRUST | 70931T103 | 06/24/2025     | To approve, by non-binding vote, our executive compensation.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          81182 |                0 | FOR         |                                    81182 | FOR                         |  |
| REDWOOD TRUST, INC.                | 758075402 | 05/22/2025     | Election of Director: Greg H. Kubicek                                                                                                                                     | DIRECTOR ELECTIONS           |         238507 |                0 | FOR         |                                   238507 | FOR                         |  |
| REDWOOD TRUST, INC.                | 758075402 | 05/22/2025     | Election of Director: Christopher J. Abate                                                                                                                                | DIRECTOR ELECTIONS           |         238507 |                0 | FOR         |                                   238507 | FOR                         |  |
| REDWOOD TRUST, INC.                | 758075402 | 05/22/2025     | Election of Director: Doneene K. Damon                                                                                                                                    | DIRECTOR ELECTIONS           |         238507 |                0 | FOR         |                                   238507 | FOR                         |  |
| REDWOOD TRUST, INC.                | 758075402 | 05/22/2025     | Election of Director: Armando Falcon                                                                                                                                      | DIRECTOR ELECTIONS           |         238507 |                0 | FOR         |                                   238507 | FOR                         |  |
| REDWOOD TRUST, INC.                | 758075402 | 05/22/2025     | Election of Director: Douglas B. Hansen                                                                                                                                   | DIRECTOR ELECTIONS           |         238507 |                0 | FOR         |                                   238507 | FOR                         |  |
| REDWOOD TRUST, INC.                | 758075402 | 05/22/2025     | Election of Director: Debora D. Horvath                                                                                                                                   | DIRECTOR ELECTIONS           |         238507 |                0 | FOR         |                                   238507 | FOR                         |  |
| REDWOOD TRUST, INC.                | 758075402 | 05/22/2025     | Election of Director: Georganne C. Proctor                                                                                                                                | DIRECTOR ELECTIONS           |         238507 |                0 | FOR         |                                   238507 | FOR                         |  |
| REDWOOD TRUST, INC.                | 758075402 | 05/22/2025     | Election of Director: Dashiell I. Robinson                                                                                                                                | DIRECTOR ELECTIONS           |         238507 |                0 | FOR         |                                   238507 | FOR                         |  |
| REDWOOD TRUST, INC.                | 758075402 | 05/22/2025     | Election of Director: Faith A. Schwartz                                                                                                                                   | DIRECTOR ELECTIONS           |         238507 |                0 | FOR         |                                   238507 | FOR                         |  |
| REDWOOD TRUST, INC.                | 758075402 | 05/22/2025     | To consider and vote upon the ratification of the appointment of Grant Thornton LLP as our independent registered accounting firm for 2025.                               | AUDIT-RELATED                |         238507 |                0 | FOR         |                                   238507 | FOR                         |  |
| REDWOOD TRUST, INC.                | 758075402 | 05/22/2025     | To consider and vote upon a non-binding advisory resolution to approve named executive officer compensation.                                                              | SECTION 14A SAY-ON-PAY VOTES |         238507 |                0 | FOR         |                                   238507 | FOR                         |  |
| RITHM CAPITAL CORP.                | 64828T201 | 05/22/2025     | DIRECTOR: Peggy Hwan Hebard                                                                                                                                               | DIRECTOR ELECTIONS           |         258870 |                0 | FOR         |                                   258870 | FOR                         |  |
| RITHM CAPITAL CORP.                | 64828T201 | 05/22/2025     | DIRECTOR: Ranjit M. Kripalani                                                                                                                                             | DIRECTOR ELECTIONS           |         258870 |                0 | FOR         |                                   258870 | FOR                         |  |
| RITHM CAPITAL CORP.                | 64828T201 | 05/22/2025     | To the approve appointment of Ernst  Young LLP as the independent registered public accounting firm for Rithm Capital Corp. for the fiscal year ending December 31, 2025. | AUDIT-RELATED                |         258870 |                0 | FOR         |                                   258870 | FOR                         |  |
| RITHM CAPITAL CORP.                | 64828T201 | 05/22/2025     | To approve (on a non-binding advisory basis) the compensation of the named executive officers as described in the accompanying materials.                                 | SECTION 14A SAY-ON-PAY VOTES |         258870 |                0 | FOR         |                                   258870 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Angel Oak Funds Trust

**By (Signature):** Adam Langley

**By (Printed Signature):** Adam Langley

**By (Title):** Principal Executive Officer

**Date:** 08/20/2025