Angel Oak Funds Trust - Angel Oak Total Return ETF

Angel Oak Funds Trust - Angel Oak Total Return ETF is an exchange traded fund launched and managed by Angel Oak Capital Advisors, LLC. The funds invests in fixed income markets of the United States. It primarily invests in mortgage-backed securities (“RMBS”), U.S. Treasury and U.S. government agency securities, corporate debt, including bank-issued subordinated debt, commercial mortgage-backed securities (“CMBS”), collateralized loan obligations (“CLOs”), collateralized debt obligations (“CDOs”), collateralized mortgage obligations (“CMOs”), collateralized bond obligations (“CBOs”), asset-backed securities (“ABS”). It invests in securities with varying maturities. Angel Oak Funds Trust - Angel Oak Total Return ETF was formed on October 7, 2025 and is domiciled in the United States.