Obra High Grade Structured Products ETF
$9.98+0.00 (+0.00%)
- Expense ratio
- 1.69%
- Fund size
- $29M
- 1Y return
- +4.7%
- Yield · Last 12 months
- 5.85%
- Holdings
- 139
- Volume · 30D
- 0M sh
- NAV per share
- $9.98
- 52W range
The ETF.net OGSP Grade
Score 31 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 4Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 1Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 74Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 12Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 66Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 53Category rank
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
- 139
- 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.
Returns run to the Sep 22, 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 | +0.2% |
| 3 months | +1.0% |
| 1 year | +4.7% |
| 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
ETF.net Research hasn’t filed on OGSP yet — coverage lands here as it’s written.
OGSP Dividends
- 5.85%
- $0.58
- $0.05 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Aug 31, 2026 | $0.05 |
| Jul 30, 2026 | Jul 31, 2026 | $0.05 |
| Jun 29, 2026 | Jun 30, 2026 | $0.05 |
| May 28, 2026 | May 29, 2026 | $0.05 |
| Apr 29, 2026 | Apr 30, 2026 | $0.05 |
| Mar 30, 2026 | Mar 31, 2026 | $0.05 |
| Feb 26, 2026 | Feb 27, 2026 | $0.05 |
| Jan 29, 2026 | Jan 30, 2026 | $0.05 |
| Dec 30, 2025 | Dec 31, 2025 | $0.06 |
| Nov 26, 2025 | Nov 28, 2025 | $0.05 |
| Oct 30, 2025 | Oct 31, 2025 | $0.05 |
| Sep 29, 2025 | Sep 30, 2025 | $0.05 |
OGSP Risk
- 0.8%
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.
- 2.07
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
- The middle half of Multi-Sector Securitized Bond funds
- Median 0.39%
Every other Multi-Sector Securitized Bond fund charges less.