Obra High Grade Structured Products ETF
$9.930.00 (0.00%) past 5 days
Market opens at 9:30 AM ET.
- 1.69%
- $29M
- +4.3%
- 5.88%
- 0M sh
- $9.94
- low $9.19high $10.14
The ETF.net OGSP Grade
D
Score 29 out of 100
- 8 of 11
Score 29 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F4 out of 100Rank 11 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.F6 out of 100Rank 3 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A76 out of 100Rank 1 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F4 out of 100Rank 11 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B68 out of 100Rank 4 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 7 of 11
Our read on OGSP
DObra's high-grade half of a two-fund structured-credit pair: at least 80% in investment-grade securitized paper, any sector or tranche the manager favors, paid out monthly. A boutique running unconstrained credit at active-manager prices.
The Fund is actively managed and seeks income; the prospectus's investment-objective table also states capital appreciation.
Why people hold it
- Policy floor, not a vibe: at least 80% of net assets in structured products rated Baa3/BBB- or better by the rating agencies, per the prospectus.sec.gov
- Go-anywhere inside securitized credit: ABS, CMOs, CDOs and mortgage paper, with no committed sector or tranche, so the manager can rotate as spreads shift.sec.gov
- Distributions land monthly, and the mandate leans on income rather than tracking a fixed index sleeve.
- A plain 1940 Act ETF wrapper, so a complex corner of the bond market arrives without notes or partnership paperwork.
Worth knowing
- At 0.91% a year, it costs more than twice the cohort median of 0.40%, and well above NSCI at 0.38% or WDE at 0.19%.
- Small asset base and light trading mean wider spreads and more legwork getting in and out than the cohort's bigger names. It sits in the lower half of its peer group.
- Launched in 2024, so the record is short, and the prospectus frames the goal two ways: income and capital preservation in one spot, capital appreciation in the objective table.sec.gov
OGSP Holdings
- Bonds
- 155
- 22%
- Gwt 2024-WLF2 C
OGSP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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OGSP$10,431
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | OGSP |
|---|---|
| Year to date | +2.9% |
| 1 month | +0.4% |
| 3 months | +0.6% |
| 1 year | +4.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | OGSP |
|---|---|---|
| 2026 YTD | +2.9% | |
| 2025 | +6.3% | |
| 2024 | +4.9% |
OGSP in the news
OGSP Dividends
- 5.88%
- $0.58
- $0.05 per share
- Monthly
Distribution history
OGSP Risk
- 0.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.48
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.03
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OGSP Cost
1.69%
OGSP1.69%
- The middle half of Multi-Sector Securitized Bond funds
- Median 0.39%
Every other Multi-Sector Securitized Bond fund charges less.
Other funds in Multi-Sector Securitized Bond
- CWDEPrincipal Exchange-Traded Funds - Principal Securitized Debt ETFExpense ratio 0.19%1 year return —
- CPRABState Street IG Public & Private ABS ETFExpense ratio 0.39%1 year return —
- CSECUiShares Securitized Income Active ETFExpense ratio 0.41%1 year return —
- CJSIJanus Henderson Securitized Income ETFExpense ratio 0.51%1 year return +1.7%
- CPINCPGIM Securitized Income ETFExpense ratio 0.39%1 year return —