Angel Oak Capital
Angel Oak Capital Advisors is an investment management firm focused on providing compelling fixed income investment solutions for its clients. Angel Oak joined the Net Zero Asset Managers Initiative in November 2021 and made their Initial Target Disclosure in March 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
15% of total AUM (USD $2.61 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
3.5% of portfolio companies setting a Science Based Target.
Target(s):
50% of portfolio companies setting a Science Based Target.
GHG scopes included:
None
Methodology:
Science Based Target initiative for Financial Institutions
Scenario(s):
None
Additional information
Proportion of AUM committed:
The majority of Angel Oak’s AUM is structured credit (ABS, RMBS, CMBS, CLOs) that are currently out of scope for this initiative. As of 12/31/2022 approximately 15% of Angel Oak’s AUM represented allocations to debt and equity securities issued by corporate entities. We will explore expanding our commitment to a larger percentage of our portfolio if the scope is expanded to structured (or securitized) securities.
Policy on coal and other fossil fuel investments:
Angel Oak does not screen any of our holdings based on issuer industry.
Further information:
This links to our Responsible Investing page, which contains information on many of our sustainable initiatives, including our NZAM commitment.