Menu FINS Angel Oak Financial Strategies Income Term Trust Fact Sheet Fund Alert DISTRIBUTION RATE1 7.41% As of 11/30/21 OVERVIEW The Angel Oak Financial Strategies Income Term Trust (“FINS”) is a closed-end fund that seeks current income with a secondary objective of total return. The Fund utilizes a banking sector debt-centric strategy, which exhibits low historical correlations to other areas of the market. The investment highlights of the Fund include: Access to a niche market segment Focus on high quality credit with at least 50% of the Fund’s portfolio is publicly rated investment grade or, if unrated, judged to be of investment grade quality by Angel Oak Asset class duration historically uncorrelated to interest rates Benefits from Angel Oak’s extensive resources and expertise in actively managing community bank debt investments Objective The Fund seeks current income with a secondary objective of total return. As of 11/30/21 30-Day SEC Yields Subsidized 2.62% Unsubsidized 2.78% PERFORMANCE TOTAL RETURNS Monthly Quarterly The inception date of the Angel Oak Financial Strategies Income Term Trust (FINS) was 5/29/19. Current performance may be lower or higher than the performance data quoted. Performance quoted is past performance and is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Short-term performance is not a good indication of the Fund’s future performance and an investment should not be made based solely on returns. Performance is net of fees. PRICE/NAV HISTORY As of 9/30/21 Price NAV Jul 2019 Jan 2020 Jul 2020 Jan 2021 Jul 2021 $10.00 $12.50 $15.00 $17.50 $20.00 $22.50 This chart illustrates the market price and NAV performance of the Angel Oak Financial Strategies Income Term Trust (FINS) since inception on 5/29/19. It assumes reinvestment of capital gains and dividends. This chart is not intended to imply any future performance. KEY FACTS As of 9/30/21 Net Assets $287.3 Milllion Managed Assets $406.1 Million Shares Outstanding 15,228,998 Market Price $17.02 Premium/Discount -9.80% Average Daily Volume 48,044 Managed Assets means the total assets of the Fund (including any assets attributable to leverage) minus the sum of accrued liabilities (other than debt representing financial leverage). FUND STATISTICS As of 9/30/21 FINS Index Standard Deviation (%) 6.3 4.9 Sharpe Ratio 0.8 1.1 Correlation to Index 0.5 1.0 % Positive Months 89.3 57.1 % Negative Months 10.7 42.9 DISTRIBUTIONS Ex-Date Record Date Payable Date Distribution ($/share) 7/11/19 7/12/19 7/26/19 0.1172 8/15/19 8/16/19 8/30/19 0.1171 9/13/19 9/16/19 9/30/19 0.1181 10/16/19 10/17/19 10/31/19 0.1178 11/14/19 11/15/19 11/29/19 0.1177 12/16/19 12/17/19 12/31/19 0.1177 1/16/20 1/17/20 1/31/20 0.1097 2/13/20 2/14/20 2/28/20 0.1112 3/16/20 3/17/20 3/31/20 0.1116 4/15/20 4/16/20 4/30/20 0.1013 5/14/20 5/15/20 5/29/20 0.101 6/15/20 6/16/20 6/30/20 0.101 7/16/20 7/17/20 7/31/20 0.101 8/14/20 8/17/20 8/31/20 0.101 9/15/20 9/16/20 9/30/20 0.101 10/15/20 10/16/20 10/30/20 0.101 11/13/20 11/16/20 11/30/20 0.101 12/15/20 12/16/20 12/31/20 0.1085 1/14/21 1/15/21 1/29/21 0.1085 2/11/21 2/12/21 2/26/21 0.1085 3/16/21 3/17/21 3/31/21 0.1085 4/15/21 4/16/21 4/30/21 0.1085 5/13/21 5/14/21 5/28/21 0.1085 6/15/21 6/16/21 6/30/21 0.1085 7/15/21 7/16/21 7/30/21 0.1085 8/16/21 8/17/21 8/31/21 0.1085 9/15/21 9/16/21 9/30/21 0.1085 10/14/21 10/15/21 10/29/21 0.1085 11/15/21 11/16/21 11/30/21 0.1085 12/16/21 12/17/21 12/31/21 0.1085 PORTFOLIO SECTOR BREAKDOWN As of 9/30/21 Bank Debt Non-Bank Financials Common Equity Preferred Equity Other Cash and Equivalents The portfolio is actively managed. Holdings and weightings are subject to change daily and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned. Fund composition is based on net assets. Totals may not equal 100% due to rounding. Other includes investments in asset-backed securities, loan participation, and private equity. CREDIT QUALITY As of 9/30/21 AAA AA A BBB BB B CCC & Below Unrated Ratings are subject to change. Unrated consists of corporate bonds that do not have ratings; total may not equal 100% due to rounding. Credit quality distribution is determined by public credit ratings, typically issued by Kroll Bond Rating Agency or Egan Jones who are the two most prevalent credit rating agencies for small cap financial debt securities. If more than one credit rating is presented, an average is determined. Fund holdings and sector allocations are subject to change and are not recommendations to buy or sell any security. MANAGEMENT TEAM Sreeni Prabhu Managing Partner, Co-CEO & Group Chief Investment Officer Cheryl Pate, CFA® Portfolio Manager Navid Abghari Senior Portfolio Manager Johannes Palsson Senior Portfolio Manager RECENT INSIGHTS 11 - 03 - 2021 3Q 2021 Financial Strategies Income Term Trust Investor Call Replay Listen to the 3Q 2021 Financial Strategies Income Term Trust Investor Call Replay Watch video DOCUMENTS Fund Marketing Materials Fund Legal Materials Tax Notices Dividend Announcements Angel Oak Financial Strategies Income Term Trust Announces Preliminary Results of Rights Offering Angel Oak Financial Strategies Income Term Trust Announces Rights Offering, Expansion of Investment Mandate, and Monthly Distribution Financial Strategies Income Term Trust Fact Sheet Angel Oak Capital Advisors Announces the Completion of the Reorganization of Vivaldi Opportunities Fund with and into Angel Oak Financial Strategies Income Term Trust Cheryl Pate on NAVigator Podcast: Financials are at a good point ‘for valuations to take off from here’ Cheryl Pate on NAVigator: Community Banking Sector Is Better Prepared Than Most for Pandemic Banking Sector Strength Amid Market Volatility Vivaldi Opportunities Fund Proposed to Be Merged With and Into Angel Oak Financial Strategies Income Term Trust LEARN MORE Get More Insights From Angel Oak Capital Sign up STAY CONNECTED Follow Us On Our Social Media Accounts 1 Distribution Rate: Distribution rates are calculated by annualizing the most recent distribution paid or declared through today’s date and then dividing by the market price on the last day of the quarter. The distribution consists of the sum of net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital. Distribution rates may vary. Any distribution adjustment will not be reflected until after the declaration date for the next distribution. See the Fund’s 19a-1 Notices, if any, located under the “Tax Notices” section of the website for estimates of distribution sources. Final determination of the source and tax status of all distributions paid in the current year will be made after year-end. ©2021 Angel Oak Capital Advisors, LLC. Glossary Privacy Policy CA Privacy Policy Terms Of Use Social Media Disclosure Contact Us Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. This information does not represent an offer to sell securities of the Fund nor is it soliciting an offer to buy securities of the Fund. There can be no assurance that the Fund will achieve its investment objective. The value of the Fund will fluctuate with the value of the underlying securities. Historically, closed-end funds often trade at a discount to their net asset value. Both the net asset value and the market value of shares of the Fund may be subject to higher volatility and a decline in value. Investing involves risk; Principal loss is possible. An investment in the Fund includes, but is not limited to, risks and considerations related to: Industry Concentration Risk, Closed-End Fund Risk, Conflicts of Interest Risk, Convertible Securities Risk, Credit Risk, Derivatives Risk, Distributions Risk, Equity Risk, Extension Risk, Fixed-Income Instruments Risk, Floating or Variable Rate Securities Risk, General Market Risk, High-Yield Securities Risk, Illiquid Securities Risk, Interest Rate Risk, International Securities Risk, Large Investors Risk, Leverage Risk, LIBOR Risk, Limited Investment Opportunities Risk, Limited Operating History Risk, Limited Term Risk, Liquidity and Valuation Risk, Management Risk, Market Discount Risk, Maturity and Duration Risk, Non-Diversification Risk, Portfolio Turnover Risk, Prepayment Risk, Rating Agencies Risk, Regulatory and Legal Risk, Repurchase Agreements Risk, Reverse Repurchase Agreements Risk, Registered Investment Companies Risk, Senior Debt, Subordinated Debt and Preferred Securities of Banks and Diversified Financial Companies Risk, Structured Products Risk, Trust Preferred Securities Risk, Uncertain Tax Treatment Risk, Unrated Securities Risk, U.S. Government Securities Risk, and other risks. For more information on these risks and other risks of the Fund, please see the Prospectus. Please consider the Fund’s investment objective and risks carefully before investing. The Fund may seek to enhance the level of the Fund’s current income and capital appreciation potential through the use of leverage. Certain risks are associated with the use of leverage. For more information, please contact you financial representative, or contact the Fund’s secondary market servicing agent, Destra Capital Advisors at 877.855.3434. Investment products: Not FDIC Insured May Lose Value Not Bank Guaranteed By continuing on this site or clicking Yes to Accept, you agree to our use of cookies and other technologies to process your personal data to personalize your experience and for other purposes. Yes