- What does OGSP invest in?
- 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.
- What is the expense ratio of OGSP?
- Obra High Grade Structured Products ETF (OGSP) charges an expense ratio of 1.69%. This is the annual fee deducted from fund assets to cover management and operations.
- What is OGSP's dividend yield?
- OGSP's trailing-twelve-month yield is 5.89%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of OGSP?
- Effective duration measures OGSP's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. OGSP's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of OGSP?
- OGSP's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of OGSP?
- Yield to maturity (YTM) is the total return you'd earn from OGSP if every bond in the portfolio is held to maturity at the current price. OGSP's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
