X0101 EFFECT 33 LIVE 2016-04-14 0000894189-16-008912 485APOS 0001612930 Angel Oak Funds Trust 333-197427 S000053719 Angel Oak High Yield Opportunities Fund C000168882 Class A S000053719 Angel Oak High Yield Opportunities Fund C000168883 Institutional Class S000053719 Angel Oak High Yield Opportunities Fund C000168884 Class C