Angel Oak Flexible Income Fund Crosses $100 Million in Assets

Angel Oak Capital Advisors, LLC (Angel Oak Capital), an investment management firm focused on providing opportunistic fixed income investment solutions, has announced that its Angel Oak Flexible Income Fund (ANFLX, ANFIX) surpassed $100 million in assets under management in less than four months since its inception on Nov. 3, 2014. “Passing this milestone in such a short amount of time speaks to investors’ appetite for less traditional, potentially higher-income producing assets that also have the potential for capital appreciation,” said Brad Friedlander, the firm’s head portfolio manager.

The Angel Oak Flexible Income Fund takes a distinct approach to credit investing, actively allocating across higher-yielding global fixed income instruments that may not be as sensitive to changes in interest rates. The fund seeks to deliver current income and total return.

The flexible nature of the fund provides Angel Oak Capital’s portfolio managers with the freedom to invest in securities outside of indices, lowering the expected correlation to traditional fixed income. The fund currently has a significant allocation to corporate credit through collateralized loan obligations (CLOs) and debt backed by regional and community banks. Other asset classes in the fund’s portfolio allocation include residential mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities.

The fund is currently available on Charles Schwab, Pershing, TD Ameritrade and BB&T, providing a wider base of access for investors interested in the product.

For more information on the Flexible Income Fund, please contact investor relations at 888-685-2915 or visit: www.angeloakcapital.com.

About Angel Oak Capital Advisors, LLC

Angel Oak Capital Advisors is an investment management firm focused on providing compelling fixed income investment solutions for its clients. Backed by a value-driven approach, Angel Oak Capital seeks to deliver attractive risk-adjusted returns through a combination of stable current income and price appreciation. Our experienced investment team seeks the best opportunities in fixed income with a specialization in mortgage-backed securities and other areas of structured credit.

As of 12/31/14, Angel Oak Capital has approximately $4.4 billion in assets under management through a combination of mutual funds, private funds and separately managed accounts. For more information, please visit: www.angeloakcapital.com.

Past results are not indicative of future results.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Angel Oak Funds. This and other important information about the Funds is contained in the Statutory & Summary Prospectuses, which can be obtained on the website at: www.angeloakcapital.com. The Prospectus should be read carefully before investing.

Angel Oak Flexible Income Fund is distributed by Quasar Distributors, LLC.

Important information about the Flexible Income Fund

Mutual fund investing involves risk. Principal loss is possible. The Fund can make short sales of securities, which involves the risk that losses in securities may exceed the original amount invested. The Fund may use leverage, which may exaggerate the effect of any increase or decrease in the value of securities in the Fund’s portfolio on the Fund’s Net Asset Value and therefore may increase the volatility of the Fund. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are increased for emerging markets. Investments in fixed income instruments typically decrease in value when interest rates rise. Derivatives involve risks different from and, in certain cases, greater than the risks presented by more traditional investments. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of, such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The Fund is non-diversified, so it may be more susceptible to being adversely affected by a single corporate, economic, political or regulatory occurrence than a diversified fund. The Fund will incur higher and duplicative costs when it invests in mutual funds, ETFs and other investment companies. There is also the risk that the Fund may suffer losses due to the investment practices of the underlying funds. For more information on these risks and other risks of the Fund, please see the Prospectus. No investment strategy, including a total return strategy, can ensure a profit or protect against loss. Additionally, investing in a total return strategy may result in underperformance during a bull market. For more information on these risks and other risks of the fund, please see the Prospectus.