Angel Oak Capital Advisors, LLC (Angel Oak), an investment management firm specializing in value-driven alternative credit, announces that the Angel Oak Flexible Income Fund will be renamed the Angel Oak Financials Income Fund. The change will take effect 60 days from today and the fund’s ticker symbols, management team and expenses will remain unchanged.

“The fund is a unique offering in the fixed-income universe and seeks to provide investors with access to an attractive mix of community bank debt, bank equities and non-bank financials,” says Senior Portfolio Manager Johannes Palsson. “Changing the fund’s name to the Angel Oak Financials Income Fund better reflects its long-term focus on the financial sector. We are excited about the name change and remain focused on offering investors an attractive yield for investment-grade risk with low correlation to the broader fixed-income market.”

Supporting the Angel Oak Financials Income Fund is Angel Oak’s financial services team, composed of nine members with an average of 15 years of experience in the financial sector. Their experience ranges from bank management to structuring, fundamental research, regulation, treasury and asset/liability management as well as vast industry experience in community banking and capital markets. Since 2014, Angel Oak has participated in 135+ new issuance deals, accumulating more than $1 billion in subordinated and senior community bank debt. The team’s experience is further reinforced by proprietary technology, such as the BankSURF risk-modeling tool, which helps the team identify compelling opportunities in community banks.

“We believe many of the best opportunities in fixed income can be found in the community banking sector. Post-financial crisis, the banking industry is near all-time highs from a capital and credit quality perspective. There is a consolidation wave underway, driving price appreciation as smaller institutions are acquired by larger banks. Additionally, we look for bank earnings to benefit from higher interest rates as well as the recently enacted corporate tax changes,” adds Palsson.

The fund seeks to optimize a portfolio across attractive financial services investments. The team believes the community bank debt market offers the highest risk/reward potential in the current environment but also sees value in select community bank equities, which are underpinned by the same strong banking industry fundamentals, and smaller-cap non-bank financials debt, which is a more nascent market offering high coupons.