TRBF was created on 2025-10-07 by Angel Oak. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 29.62m in AUM and 281 holdings. TRBF is actively managed, while weighted towards mortgage-related securities, the fund invests across US dollar-denominated fixed income asset classes, including issuer types, credit quality, and duration. Security selection is based on a top-down analysis for value opportunities and bottom-up evaluation of individual issues.