What this ETF is trying to do

The Angel Oak Ultrashort Income ETF (UYLD) is an exchange-traded fund that focuses on providing income to investors. It is designed to act as an inverse ETF, meaning it is structured to move in the opposite direction of its target benchmark.

What the numbers show

As of October 5, 2026, the share price of UYLD was $50.75. To understand how it has performed, we look at two different types of returns: price return (the change in the share price) and total return (which includes the share price change plus the cash distributions paid out).

• Year-to-Date (YTD): The price return is -0.78%, but the total return is 2.93%.

• One Year: The price return is -0.84%, while the total return is 4.14%.

• Three Year: The price return is 0.56%, and the total return is 17.25%.

An estimated price from roughly one year ago was $51.17. If you had invested $10,000 based on that estimated price, the price-only decline of -0.84% would mean your shares were worth approximately $9,916 before counting any cash distributions.

Income and distribution explanation

UYLD pays out cash to investors usually every month. Over the last 12 months, it made 12 payouts totaling $2.50 per share. This results in a distribution yield of approximately 4.93%.

It is important for beginners to know that a high distribution yield alone can be misleading. A fund can pay out a high yield even if the share price is falling. In this case, the total return is higher than the price return because the cash distributions added value that the share price alone did not show.

NAV erosion explanation

"NAV erosion" happens when the actual value of the fund's underlying assets drops over time, often causing the share price to slide. StockValueFinder uses an erosion-risk score to measure this.

UYLD has an erosion score of 94, which is labeled as "Stable / sideways" with "good" severity. Additionally, the severe erosion-risk flag is false, meaning the fund has not triggered a warning for substantial price deterioration.

Pros

• Positive Total Returns: While the share price has dipped slightly over the last year, the total returns (including distributions) have remained positive over the short and long term.

• Consistent Income: The fund provides regular monthly distributions.

• Stability: The erosion-risk score suggests the fund's price trend is currently stable.

Cons

• Negative Price Return: The share price has declined slightly over the last year and year-to-date.

• Inverse Structure: As an inverse ETF, it behaves differently than traditional funds, which may be complex for some investors.

Beginner takeaway

UYLD is a fund that provides monthly cash income. While the share price itself has seen a small decline recently, the total return is positive because of the distributions paid to shareholders. Investors generally care about principal stability—meaning they want their original investment to stay intact while they collect income. Based on the erosion score, this fund is currently viewed as stable.