OGSP

Issuer

Obra

Inception

2024-04-09

Exchange

AMEX

CUSIP

84858T830

Structure

—

Benchmark

—

Leverage

1x

Reset

—

The Obra High Grade Structured Products ETF (OGSP) provides investors with diversified access to a global universe of high-quality securitized assets. Its management team employs an active, opportunistic strategy, dynamically allocating capital across various debt structures, maturities, and durations. Investment decisions are guided by the adviser's ongoing assessment of prevailing market conditions. The portfolio is flexible, potentially encompassing a wide array of secured instruments such as asset-backed securities (ABS), collateralized debt obligations (CDOs), mortgage-backed securities (MBS)—both agency and non-agency—and other obligations backed by loans, as well as instruments underpinned by financial, physical, or intangible assets. Crucially, the fund does not concentrate on specific tranches or narrow asset classes, allowing for broad diversification. Security selection involves a comprehensive approach combining fundamental research, quantitative models, and structural analysis. A central tenet of the strategy is meticulously evaluating each potential holding's risk-adjusted return profile. It's important to note that all assets within the portfolio are linked to interest rates or one or more derivatives, which may entail the use of leverage. To effectively manage existing positions and capitalize on emerging opportunities, especially during periods of increased market volatility, the fund maintains an active trading posture.

Reported net asset value

$9.98

NAV provider updated

2026-10-30 UTC

Premium / discount

—

Median spread · 30D

—

Average volume · 30D

103.9

Shares outstanding

—

Options

—

TTM distribution yield

5.9%

30-day SEC yield

—

Frequency

—

Latest ex-date

2026-10-29

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Net expense ratio

1.69%

Gross expense ratio

—

Management fee

—

Annual cost per $10,000

$169.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

Our risk indicator

4/5 · rule-based

Annualized volatility · 1Y

1.59%

Beta vs VOO · 1Y

—

Maximum drawdown · 1Y

▼ −0.6%

Historical risk measures describe past behavior and do not predict future returns.