ETF Research

TRBF: ANGEL OAK TOTAL RETURN ETF

Generated from StockValueFinder data · Updated Oct 11, 2026 1:45 AM
Educational content only. This is not financial advice and is not a recommendation to buy, sell, or hold any ETF.

Angel Oak Total Return ETF (TRBF) Educational Report

What this ETF is trying to do

The Angel Oak Total Return ETF (TRBF) is an exchange-traded fund. Based on its top holdings, it holds various types of mortgage-related assets, such as those from the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp (Freddie Mac). These are often used to provide different types of returns to investors.

What the numbers show

As of September 18, 2026, the current price of one share is $47.87. When looking at how the fund has performed so far this year (Year-to-Date), it is important to look at two different numbers:

• YTD Price Return: This measures only the change in the share price. The price return for this year is approximately -4.15%.

• YTD Total Return: This measures the overall return, which includes both price changes and distributions. The total return for this year is approximately -1.11%.

Because the total return (-1.11%) is different from the price return (-4.15%), it shows that distributions helped offset some of the share-price decline.

Income and distribution explanation

This ETF provides cash to investors through distributions. The distribution yield is approximately 4.44%. This number describes the cash paid out relative to the current share price.

The fund usually pays out money monthly, having made 10 payments over the last 12 months. Most of these payments have been made on Fridays. It is important to remember that a high distribution yield does not guarantee that an investor will earn that same percentage as a total return.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes be related to NAV changes, they are not the same thing. For this ETF, there is no severe erosion-risk flag present. However, an erosion score was not provided because there is not enough verified price history available to calculate it.

Pros

• The fund provides regular cash distributions, which are usually paid out monthly.

• The total return is currently higher than the price return, meaning distributions are helping to cushion the impact of the falling share price.

Cons

• The fund has experienced a negative YTD price return.

• The income rating grade is a "D," which reflects its specific income score of 52.

Beginner takeaway

When looking at an ETF like TRBF, it is helpful to distinguish between the price return (how much the share price moved) and the total return (the overall result including cash payments). High yields can provide income, but they do not prevent the share price from falling. Always look at the total return to get a fuller picture of how the investment is performing.

***

*Note: This report is for educational purposes only and does not constitute financial advice. It does not recommend buying, selling, or holding this ETF.*

Top Holdings

Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.

246 holdings available
# Holding Ticker Weight
1 n/a n/a 7.73%
2 FEDERAL HOME LOAN MORTGAGE CORP. 3% n/a 5.01%
3 FNMA PASS-THRU I 3.5% n/a 4.23%
4 FEDERAL NATIONAL MORTGAGE ASSOCIATION 5% n/a 2.61%
5 WILLOW TREE CLO LLC 2024-1 5.95% n/a 2.05%
6 FEDERAL NATIONAL MORTGAGE ASSOCIATION 4% n/a 1.55%
7 FEDERAL HOME LOAN MORTGAGE CORP. 5.5% n/a 1.46%
8 OTHER ASSETS AND LIABILITIES n/a 1.40%
9 FEDERAL HOME LOAN MORTGAGE CORP. 5% n/a 1.34%
10 FEDERAL HOME LOAN MORTGAGE CORP. 2.5% n/a 1.18%
Show all 246 holdings
1. n/a n/a 7.73%
2. FEDERAL HOME LOAN MORTGAGE CORP. 3% n/a 5.01%
3. FNMA PASS-THRU I 3.5% n/a 4.23%
4. FEDERAL NATIONAL MORTGAGE ASSOCIATION 5% n/a 2.61%
5. WILLOW TREE CLO LLC 2024-1 5.95% n/a 2.05%
6. FEDERAL NATIONAL MORTGAGE ASSOCIATION 4% n/a 1.55%
7. FEDERAL HOME LOAN MORTGAGE CORP. 5.5% n/a 1.46%
8. OTHER ASSETS AND LIABILITIES n/a 1.40%
9. FEDERAL HOME LOAN MORTGAGE CORP. 5% n/a 1.34%
10. FEDERAL HOME LOAN MORTGAGE CORP. 2.5% n/a 1.18%
11. FEDERAL HOME LOAN MORTGAGE CORP. 2% n/a 1.15%
12. COLUMBIA BANK /THE BANK n/a 1.03%
13. n/a n/a 1.02%
14. POINT SECURITIZATION TRUST 2025-2 5.75% n/a 0.99%
15. n/a n/a 0.89%
16. FEDERAL NATIONAL MORTGAGE ASSOCIATION 2% n/a 0.60%
17. FHLMC SUPER 30Y FIXED 3% n/a 0.46%
18. n/a n/a 0.45%
19. n/a n/a 0.44%
20. COLT 2021-RPL1 TRUST 3.08% n/a 0.43%
21. MORGAN STANLEY 5.95% n/a 0.43%
22. FEDERAL NATIONAL MORTGAGE ASSOCIATION 6% n/a 0.36%
23. TOWD POINT MTG TR 2021-1 2.25% n/a 0.35%
24. CHENIERE ENERGY INC 5.65% n/a 0.32%
25. CITIGROUP INC. 3.79% n/a 0.32%
26. FEDERAL HOME LOAN MORTGAGE CORP. 3.5% n/a 0.32%
27. BNP PARIBAS SA 5.28% n/a 0.30%
28. DEUTSCHE BANK AG NEW YORK BRANCH 5% n/a 0.30%
29. ELI LILLY & CO. 4.5% n/a 0.30%
30. FEDERAL HOME LOAN MORTGAGE CORP. 6% n/a 0.30%
31. ATLX 2024-RPL1 TRUST 4.44% n/a 0.29%
32. JPMORGAN CHASE & CO. 5.63% n/a 0.28%
33. PLAINS ALL AMERICAN PIPELINE LP n/a 0.25%
34. ENTERGY CORPORATION 7.13% n/a 0.24%
35. EXPAND ENERGY CORP. 5.38% n/a 0.24%
36. INTEL CORPORATION 3.75% n/a 0.24%
37. MARS INC. 4.8% n/a 0.24%
38. n/a n/a 0.24%
39. PHILIP MORRIS INTERNATIONAL INC. 4.88% n/a 0.24%
40. ABBVIE INC. 4.95% n/a 0.23%
41. BARCLAYS PLC 5.34% n/a 0.23%
42. CBRE SERVICES INC 5.25% n/a 0.23%
43. COLUMBIA PIPELINES HOLDING CO. LLC 5.68% n/a 0.23%
44. GOODMAN US FINANCE SEVEN LLC 5.25% n/a 0.23%
45. JPMORGAN CHASE & CO. 4.95% n/a 0.23%
46. MARATHON PETROLEUM CORP. 6.5% n/a 0.23%
47. NUTRIEN LTD 2.95% n/a 0.23%
48. PNC FINANCIAL SERVICES GROUP INC. 5.68% n/a 0.23%
49. RGA GLOBAL FUNDING 5% n/a 0.23%
50. TRANSCANADA PIPELINES LIMITED 6.13% n/a 0.23%
51. U.S. BANCORP. 5.84% n/a 0.23%
52. US DOLLARS n/a 0.23%
53. AMFAM HOLDINGS INC. 2.81% n/a 0.22%
54. ARCH CAPITAL GROUP LTD. 7.35% n/a 0.22%
55. CANADIAN NATIONAL RAILWAY COMPANY 3.2% n/a 0.22%
56. NATIONAL FUEL GAS COMPANY 2.95% n/a 0.22%
57. NISOURCE INC. 4.38% n/a 0.22%
58. SAFEHOLD GL HOLDINGS LLC 2.8% n/a 0.22%
59. OVINTIV INC 6.5% n/a 0.21%
60. SOUTHERN CALIFORNIA EDISON COMPANY 4% n/a 0.21%
61. ACHD TRUST 2025-DS1 9.38% n/a 0.20%
62. AUTOZONE, INC. 3.75% n/a 0.20%
63. DOW CHEMICAL CO. (THE) 5.15% n/a 0.20%
64. EMERA US FINANCE LLC 6.65% n/a 0.20%
65. FIFTH THIRD BANCORP 5.63% n/a 0.20%
66. UNION PACIFIC CORPORATION 3.2% n/a 0.20%
67. APPLE INC. 4.5% n/a 0.19%
68. COMCAST CORPORATION 6.5% n/a 0.19%
69. EQT CORPORATION 7% n/a 0.19%
70. GE VERNOVA INC. 4.88% n/a 0.19%
71. GLENCORE FUNDING LLC 2.63% n/a 0.19%
72. NVR INC 3% n/a 0.19%
73. HELMERICH & PAYNE INC 4.85% n/a 0.18%
74. MONONGAHELA POWER COMPANY 5.4% n/a 0.18%
75. n/a n/a 0.18%
76. ROGERS COMMUNICATIONS INC. 6.88% n/a 0.18%
77. ENERGY TRANSFER LP 7.09% n/a 0.17%
78. KKR GROUP FINANCE COMPANY III LLC 5.13% n/a 0.17%
79. METHANEX US OPERATIONS INC. 6.25% n/a 0.17%
80. PUBLIC SERVICE COMPANY OF COLORADO 5.25% n/a 0.17%
81. RENAISSANCERE HOLDINGS LTD. 5.8% n/a 0.17%
82. SOUTHERN CO. 4.4% n/a 0.17%
83. UNITEDHEALTH GROUP INC. 3.5% n/a 0.17%
84. LIBERTY MUTUAL GROUP, INC. 6.5% n/a 0.16%
85. AT&T INC 3.5% n/a 0.15%
86. GRAND CANYON UNIVERSITY 5.13% n/a 0.15%
87. HCA INC. 5.9% n/a 0.15%
88. LYB INTERNATIONAL FINANCE B.V. 5.25% n/a 0.15%
89. n/a n/a 0.15%
90. n/a n/a 0.15%
91. ARES CAPITAL CORP n/a 0.14%
92. ENTERPRISE PRODUCTS OPERATING LLC 6.8% n/a 0.14%
93. PFIZER INC. 1.75% n/a 0.14%
94. RTX CORP. 6.1% n/a 0.14%
95. n/a n/a 0.13%
96. ONEOK INC. 6.05% n/a 0.13%
97. PARAMOUNT SKYDANCE CORP n/a 0.13%
98. PG&E CORPORATION 7.38% n/a 0.13%
99. BP CAPITAL MARKETS AMERICA, INC. 2.94% n/a 0.12%
100. DT MIDSTREAM INC 4.3% n/a 0.12%
101. EPR PROPERTIES 3.6% n/a 0.12%
102. GILEAD SCIENCES INC. 2.6% n/a 0.12%
103. HUNTINGTON NATIONAL BANK MARYLAND 4.55% n/a 0.12%
104. KEYBANK NATIONAL ASSOCIATION 5.85% n/a 0.12%
105. LEIDOS INC 5.4% n/a 0.12%
106. MID-AMERICA APARTMENTS, L.P. 2.88% n/a 0.12%
107. n/a n/a 0.12%
108. n/a n/a 0.12%
109. SAMMONS FINANCIAL GROUP INC 4.75% n/a 0.12%
110. T-MOBILE USA, INC. 3.4% n/a 0.12%
111. TELUS CORP. 3.4% n/a 0.12%
112. WASTE CONNECTIONS INC. 2.95% n/a 0.12%
113. WHISTLER PIPELINE LLC 5.95% n/a 0.12%
114. AMKOR TECHNOLOGY, INC. 5.88% n/a 0.11%
115. AMNEAL PHARMACEUTICALS INC 6.88% n/a 0.11%
116. BELRON U.K FINANCE PLC 5.75% n/a 0.11%
117. BUILDERS FIRSTSOURCE, INC. 6.75% n/a 0.11%
118. BURFORD CAPITAL GLOBAL FINANCE LLC 7.5% n/a 0.11%
119. CENOVUS ENERGY INC 2.65% n/a 0.11%
120. CONOCOPHILLIPS 6.5% n/a 0.11%
121. CONOCOPHILLIPS CO. 5.3% n/a 0.11%
122. DAVITA INC 6.88% n/a 0.11%
123. EOG RESOURCES INC. 4.95% n/a 0.11%
124. EXCELERATE ENERGY LP 8% n/a 0.11%
125. FIRST QUANTUM MINERALS LTD. 7.25% n/a 0.11%
126. FIRSTCASH INC 6.13% n/a 0.11%
127. GEN DIGITAL INC 6.25% n/a 0.11%
128. GENESEE & WYOMING INC 6.25% n/a 0.11%
129. GGAM FINANCE LTD. 5.88% n/a 0.11%
130. GOODYEAR TIRE & RUBBER CO. THE 8.88% n/a 0.11%
131. GROUP 1 AUTOMOTIVE INC n/a 0.11%
132. GULFPORT ENERGY CORPORATION 6.75% n/a 0.11%
133. HALLIBURTON COMPANY 5% n/a 0.11%
134. HAWAIIAN ELECTRIC COMPANY, INC. 6% n/a 0.11%
135. JEFFERSON CAPITAL HOLDINGS LLC 8.25% n/a 0.11%
136. MERCK & CO., INC 2.75% n/a 0.11%
137. MILLROSE PROPERTIES INC. 6.38% n/a 0.11%
138. MOLINA HEALTHCARE, INC. 6.25% n/a 0.11%
139. n/a n/a 0.11%
140. n/a n/a 0.11%
141. n/a n/a 0.11%
142. n/a n/a 0.11%
143. n/a n/a 0.11%
144. n/a n/a 0.11%
145. n/a n/a 0.11%
146. n/a n/a 0.11%
147. n/a n/a 0.11%
148. NEWELL BRANDS INC. 6.25% n/a 0.11%
149. NRG ENERGY, INC. 6.25% n/a 0.11%
150. ONEMAIN FINANCIAL CORPORATION 7.13% n/a 0.11%
151. PERRIGO FINANCE UNLIMITED CO. 6.13% n/a 0.11%
152. POST HOLDINGS INC. 6.38% n/a 0.11%
153. PUBLIC STORAGE 5.35% n/a 0.11%
154. QUIKRETE HOLDINGS INC 6.75% n/a 0.11%
155. REWORLD HOLDING CORP. 4.88% n/a 0.11%
156. SALLY HOLDINGS LLC 6.75% n/a 0.11%
157. SHELL INTERNATIONAL FINANCE B.V. 3% n/a 0.11%
158. STANDARD BUILDING SOLUTIONS INC. 6.5% n/a 0.11%
159. STARWOOD PROPERTY TRUST, INC. 6.13% n/a 0.11%
160. STENA INTERNATIONAL SA 7.25% n/a 0.11%
161. SUNCOKE ENERGY, INC. 4.88% n/a 0.11%
162. VENTURE GLOBAL PLAQUEMINES LNG LLC 6.5% n/a 0.11%
163. VERIZON COMMUNICATIONS INC. 3.55% n/a 0.11%
164. VIKING CRUISES, LTD. 5.88% n/a 0.11%
165. WALKER & DUNLOP INC. 6.63% n/a 0.11%
166. WOODSIDE FINANCE LTD. 5.4% n/a 0.11%
167. ZEBRA TECHNOLOGIES CORPORATION 6.5% n/a 0.11%
168. ACADIA HEALTHCARE COMPANY, INC. 7.38% n/a 0.10%
169. ALTAGAS LTD 7.2% n/a 0.10%
170. AMERICAN ELECTRIC POWER CO, INC. 7.05% n/a 0.10%
171. AMGEN INC. 5.25% n/a 0.10%
172. APOLLO GLOBAL MANAGEMENT INC 6.38% n/a 0.10%
173. B.A.T. INTERNATIONAL FINANCE PLC 5.93% n/a 0.10%
174. BELL CANADA 6.88% n/a 0.10%
175. CENTERPOINT ENERGY INC 6.85% n/a 0.10%
176. COUSINS PROPERTIES LP 5.88% n/a 0.10%
177. DUKE ENERGY FLORIDA LLC 6.4% n/a 0.10%
178. EQUIPMENTSHARE COM INC. 8.63% n/a 0.10%
179. EXXON MOBIL CORP. 4.33% n/a 0.10%
180. EZCORP INC. 7.38% n/a 0.10%
181. GLOBE LIFE INC 5.85% n/a 0.10%
182. HOME DEPOT INC. 4.5% n/a 0.10%
183. INSTALLED BUILDING PRODUCTS INC 5.63% n/a 0.10%
184. LOWES COMPANIES, INC. 5.5% n/a 0.10%
185. MUNICH REINSURANCE AG 5.88% n/a 0.10%
186. n/a n/a 0.10%
187. n/a n/a 0.10%
188. n/a n/a 0.10%
189. n/a n/a 0.10%
190. n/a n/a 0.10%
191. n/a n/a 0.10%
192. n/a n/a 0.10%
193. PENNYMAC FINANCIAL SERVICES INC 6.75% n/a 0.10%
194. PPL CAPITAL FUNDING INC. 5.25% n/a 0.10%
195. REALTY INCOME CORPORATION 4.9% n/a 0.10%
196. ROYAL CARIBBEAN GROUP 6% n/a 0.10%
197. SEMPRA 6.55% n/a 0.10%
198. SIMON PROPERTY GROUP LP 6.65% n/a 0.10%
199. UWN HOLDINGS LLC 6.25% n/a 0.10%
200. VISTRA OPERATIONS CO LLC 6% n/a 0.10%
201. VULCAN MATERIALS COMPANY 4.5% n/a 0.10%
202. WALMART INC 4.15% n/a 0.10%
203. WELLTOWER INC. 4.25% n/a 0.10%
204. WISCONSIN ELECTRIC POWER COMPANY 4.6% n/a 0.10%
205. BARRICK NORTH AMERICA FINANCE LLC 5.75% n/a 0.09%
206. BOEING CO. 5.04% n/a 0.09%
207. BROADCOM INC 4.6% n/a 0.09%
208. DEVON ENERGY CORPORATION 5.6% n/a 0.09%
209. JOHNSON & JOHNSON 5.25% n/a 0.09%
210. KINDER MORGAN, INC. 5.95% n/a 0.09%
211. L3 HARRIS TECHNOLOGIES INC 4.85% n/a 0.09%
212. META PLATFORMS INC 5.4% n/a 0.09%
213. RCKTL 2025-2 7.83% n/a 0.09%
214. WILLIAMS COMPANIES INC. (THE) 5.8% n/a 0.09%
215. ANTERO RESOURCES CORPORATION 5.38% n/a 0.08%
216. DEVON ENERGY CORPORATION 4.5% n/a 0.08%
217. DTE ENERGY CO. 6.2% n/a 0.08%
218. FAIRFAX FINANCIAL HOLDINGS LIMITED 5.75% n/a 0.08%
219. n/a n/a 0.08%
220. ORACLE CORP. 5.35% n/a 0.08%
221. PULTE GROUP INC 6.38% n/a 0.08%
222. UBS AG NEW YORK BRANCH 7.5% n/a 0.08%
223. ALPHABET INC. 4.8% n/a 0.07%
224. HUT 8 DC LLC 6.19% n/a 0.07%
225. PLAINS ALL AMERICAN PIPELINE L.P. 8.11% n/a 0.07%
226. TECK RESOURCES LIMITED 3.9% n/a 0.07%
227. AES CORP. 6.95% n/a 0.06%
228. EXELON CORP. 4.05% n/a 0.06%
229. HESS MIDSTREAM OPERATIONS LP 5.5% n/a 0.06%
230. HOST HOTELS & RESORTS, L.P. 3.5% n/a 0.06%
231. IRON MOUNTAIN INC. 6.25% n/a 0.06%
232. n/a n/a 0.06%
233. QUIKRETE HOLDINGS INC 6.38% n/a 0.06%
234. STONEBRIAR ABF ISSUER LLC 7% n/a 0.06%
235. VIDEOTRON LTD/ VIDEOTRON LTEE 3.63% n/a 0.06%
236. CPS AUTO RECEIVABLES TR 2025-B 7.95% n/a 0.05%
237. n/a n/a 0.05%
238. THE MOUNT SINAI HOSPITAL 3.98% n/a 0.05%
239. CLEVELAND-CLIFFS INC 7.63% n/a 0.04%
240. COMCAST CORPORATION 3.25% n/a 0.04%
241. DOW CHEMICAL CO. (THE) 3.6% n/a 0.04%
242. EVERGY INC 2.9% n/a 0.04%
243. VT TOPCO INC. 8.5% n/a 0.04%
244. n/a n/a 0.03%
245. PATTERN ENERGY OPERATIONS LP / PATTERN ENERGY OPERATIONS INC n/a 0.02%
246. CASH OFFSET n/a -0.24%
Holdings data last updated Oct 12, 2026 5:53 AM . Provider-reported weights may not sum exactly to 100%.
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