Prepayment Risk 1 Member Prepayment Risk 1 Member Residential Loans And Mortgages Risk Member Residential Loans And Mortgages Risk Member Bloomberg U.S. Treasury Bills Index
(reflects no deduction for fees, expenses and taxes) Bloomberg U.S. Treasury Bills Index
(reflects no deduction for fees, expenses and taxes) Angel Oak Multi-Strategy Income Fund Angel Oak Multi-Strategy Income Fund Series, S000048360 Community Bank Risks Member Community Bank Risks Member Derivatives Risks, Options Risk Member Derivatives Risks, Options Risk Member Bank Subordinated Debt Risks Member Bank Subordinated Debt Risks Member Reverse Repurchase Agreement Risks Member Reverse Repurchase Agreement Risks Member Angel Oak Mortgage-Backed Securities ETF Class Angel Oak Mortgage-Backed Securities ETF S000083813 C000247830 MBS ETF Risks, Trading Risk Member ETF Risks, Trading Risk Member Derivatives Risks Member Derivatives Risks Member Financials Sector Risk Member Financials Sector Risk Member Angel Oak Mortgage-Backed Securities ETF Angel Oak Mortgage-Backed Securities ETF S000083813 C000247830 MBS Bloomberg Short Treasury: 9-12 Months Index (reflects no deduction for fees, expenses, and taxes) Bloomberg Short Treasury: 9-12 Months Index (reflects no deduction for fees, expenses, and taxes) Angel Oak UltraShort Income Fund Institutional Class Angel Oak UltraShort Income Fund, Institutional Class C000199193 REIT Risk Member REIT Risk Member Angel Oak Multi-Strategy Income Fund Institutional Class Angel Oak Multi-Strategy Income Fund, Institutional Class C000152734 Bloomberg US Mortgage-Backed Securities Index (reflects no deduction for fees, expenses, and taxes) Bloomberg US Mortgage-Backed Securities Index (reflects no deduction for fees, expenses, and taxes) Sector Risk Member Sector Risk Member Angel Oak Income ETF Class Angel Oak Income ETF S000077753 C000238279 CARY ETF Risks, Shares May Trade At Prices Other Than NAV Risk Member ETF Risks, Shares May Trade At Prices Other Than NAV Risk Member Rating Agencies Risks Member Rating Agencies Risks Member ETF Risks, Authorized Participants, Market Makers, And Liquidity Providers Concentration Risk Member ETF Risks, Authorized Participants, Market Makers, And Liquidity Providers Concentration Risk Member Municipal Securities Risk Member Municipal Securities Risk Member Cybersecurity Risk Member Cybersecurity Risk Member Concentration In Mortgage Loans, RMBS And CMBS Risk Member Concentration In Mortgage Loans, RMBS And CMBS Risk Member Angel Oak UltraShort Income ETF Class Angel Oak UltraShort Income ETF S000077754 Class A C000238280 UYLD NAV Risk Member NAV Risk Member Extension Risk Member Extension Risk Member Floating Or Variable Rate Securities Risk Member Floating Or Variable Rate Securities Risk Member Repurchase Agreement Risks Member Repurchase Agreement Risks Member U.S. Government Securities Risks Member U.S. Government Securities Risks Member Concentration In Certain Mortgage-Backed Securities Risk Member Concentration In Certain Mortgage-Backed Securities Risk Member Credit Risk 1 Member Credit Risk 1 Member Derivatives Risks, Swaps Risk Member Derivatives Risks, Swaps Risk Member Regulatory And Legal Risks Member Regulatory And Legal Risks Member Angel Oak UltraShort Income Fund Class A Angel Oak UltraShort Income Fund, Class A C000199192 Risks Relating To Fund’s RIC Status Member Risks Relating To Fund’s RIC Status Member Illiquid Investments Risks Member Illiquid Investments Risks Member Borrowing Risks And Leverage Risks Member Borrowing Risks And Leverage Risks Member Angel Oak Multi-Strategy Income Fund Class A Angel Oak Multi-Strategy Income Fund, Class A C000152733 Bloomberg Short Term Government/Corporate Index (reflects no deduction for fees, expenses, and taxes) Bloomberg Short Term Government/Corporate Index (reflects no deduction for fees, expenses, and taxes) Subsidiary Risk Member Subsidiary Risk Member Fixed-Income Instruments Risks Member Fixed-Income Instruments Risks Member Large Shareholder Transactions Risk Member Large Shareholder Transactions Risk Member Unrated Securities Risks Member Unrated Securities Risks Member ETF Risks Member ETF Risks Member Portfolio Turnover Risk Member Portfolio Turnover Risk Member Commercial And Construction Loan Risk Member Commercial And Construction Loan Risk Member High-Yield Securities Risks Member High-Yield Securities Risks Member Interest Rate Risk 1 Member Interest Rate Risk 1 Member Bloomberg U.S. High Yield Corporate Bond Index (reflects no deductions for fees, expenses or taxes) Bloomberg U.S. High Yield Corporate Bond Index (reflects no deductions for fees, expenses or taxes) Angel Oak Income ETF Angel Oak Income ETF S000077753 C000238279 CARY Foreign Securities Risks Member Foreign Securities Risks Member Liquidity And Valuation Risks Member Liquidity And Valuation Risks Member Mortgage-Backed And Asset-Backed Securities Risks Member Mortgage-Backed And Asset-Backed Securities Risks Member ETF Risks, Costs Of Buying Or Selling Shares Risk Member ETF Risks, Costs Of Buying Or Selling Shares Risk Member Angel Oak UltraShort Income Fund Angel Oak UltraShort Income Fund Series, S000061509 General Market Risk Member General Market Risk Member Preferred Securities Risk Member Preferred Securities Risk Member Derivatives Risks, Futures Risk Member Derivatives Risks, Futures Risk Member ETF Risks, Cash Transactions Risk Member ETF Risks, Cash Transactions Risk Member Other Investment Companies Risks Member Other Investment Companies Risks Member Angel Oak Multi-Strategy Income Fund, Class C Angel Oak Multi-Strategy Income Fund, Class C Management Risk Member Management Risk Member Angel Oak High Yield Opportunities ETF Class Angel Oak High Yield Opportunities ETF S000083812 C000247829 AOHY Uncertain Tax Treatment Member Uncertain Tax Treatment Member Angel Oak UltraShort Income Fund Class A1 Angel Oak UltraShort Income Fund, Class A1 C000199194 Structured Products Risks Member Structured Products Risks Member Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes) Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes) Angel Oak UltraShort Income ETF Angel Oak UltraShort Income ETF S000077754 C000238280 UYLD Short Sales Risks Member Short Sales Risks Member RIC-Related Risks Of Investments Generating Non-Cash Taxable Income Member RIC-Related Risks Of Investments Generating Non-Cash Taxable Income Member Equity Market Risk Member Equity Market Risk Member Angel Oak High Yield Opportunities ETF Angel Oak High Yield Opportunities ETF S000083812 C000247829 AOHY