UYLD: Continues To Do Its Job

Binary Tree Analytics5.49K FollowersFollow5ShareSavePlay(7min)CommentsSummaryUYLD continues to deliver a "cash plus" return, providing a significant spread (approximately 100 bps) over standard Treasury-only vehicles like BIL or TFLO.The fund has proactively shifted toward fixed-rate assets (now representing over 60% of the portfolio). Combined with a modest 0.7-year duration, this allows the fund to lock in higher yields.Despite its higher yield, the fund remains highly conservative, with over 96% of its holdings rated investment grade. Maximusnd/iStock via Getty Images Thesis We first started covering the Angel Oak Ultrashort Income ETF (UYLD) mid-2025, when we assigned the fund a 'Buy' rating. In that article we went through the ETF composition, its yield enhancement features, and its robust build that withstoodThis article was written byBinary Tree Analytics5.49K FollowersFollowWith an investment banking cash and derivatives trading background, Binary Tree Analytics ('BTA') aims to provide transparency and analytics in respect to capital markets instruments and trades. BTA focuses on CEFs, ETFs and Special Situations, and aims to deliver high annualized returns with a low volatility profile. We have been investing for over 20 years after obtaining a Finance major at a top university.Analyst’s Disclosure:I/we have a beneficial long position in the shares of UYLD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.