Obra High Grade Structured Products ETF
$9.97+0.01 (+0.10%) past 5 days
Market opens at 9:30 AM ET.
- 0.64%*
- $29M
- +5.1%
- 5.86%
- 192 sh
- low $9.19high $10.14
The ETF.net OGSP Grade
D
Score 33 out of 100
- 8 of 11
Score 33 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.F9 out of 100Rank 10 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.F15 out of 100Rank 4 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A79 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.F12 out of 100Rank 11 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B67 out of 100Rank 5 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C46 out of 100Rank 8 of 11
Our read on OGSP
In short
DA boutique active take on investment-grade structured credit: asset-backed bonds, CLOs and mortgage deals bought one at a time, with no index to hug. The prospectus calls it a go-anywhere fund within structured products, and it pays monthly.
Stated mandate
The Fund is actively managed and seeks income; the prospectus's investment-objective table also states capital appreciation.
Why people hold it
Worth knowing
OGSP Holdings
- Bonds
- 162
- 20%
- Gwt 2024-WLF2 C
Geography
- United States77.28%
- Cayman Islands20.73%
- United Kingdom1.32%
- Japan0.67%
Developed 9% · Emerging 91%
OGSP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
OGSP$10,505
Returns run to the Oct 30, 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 | +3.8% |
| 1 month | +1.1% |
| 3 months | +1.3% |
| 1 year | +5.1% |
| 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 | +3.8% | |
| 2025 | +6.3% | |
| 2024 | +4.9% |
OGSP in the news
OGSP Dividends
- 5.86%
- $0.58
- $0.05 per share
- Monthly
OGSP Risk
- 1.0%
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.
- 1.63
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.
FMP measures it over up to five years of monthly returns.
OGSP Cost
Overpaying vs WDE, cheapest in Multi-Sector Securitized Bond
$8,586
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
OGSP 0.64%
$12,538
WDE 0.19% Cheapest
$3,952
Cost over time
Year by year
| Year | OGSP | WDE | Overpaying |
|---|---|---|---|
| 10 | $1,145 | $347 | $798 |
| 20 | $4,375 | $1,351 | $3,024 |
| 30 | $12,538 | $3,952 | $8,586 |
You pay 0.64%Waived by Obra 1.05%
Full fee 1.69% waiver 1.05% you pay 0.64%
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