# Obra High Grade Structured Products ETF (OGSP): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ogsp for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Obra · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2024-04-09 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 securitie... ## Key Facts | Metric | Value | |---|---| | Price | $9.92 | | Expense Ratio | 1.69% | | Assets Under Management | $29.1M | | NAV | $9.98 | | Holdings Count | 161 | | Distribution Yield (TTM) | 5.89% | | Annual Distribution (TTM) | $0.58 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.19 – $10.14 | | Beta | 0.03 | ## Latest Distribution - Amount: $0.0470 /share - Ex-date: 2026-10-29 - Pay date: 2026-10-30 ## Frequently Asked Questions ### 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. ### Does OGSP pay a dividend? Yes, Obra High Grade Structured Products ETF (OGSP) distributes dividends to shareholders. The trailing-twelve-month yield is 5.89%. Full dividend history is on this page. ### How often does OGSP pay dividends? Obra High Grade Structured Products ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is OGSP's next ex-dividend date? The most recently announced ex-dividend date for OGSP was 2026-10-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will OGSP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.69% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does OGSP charge its expense ratio? The expense ratio is deducted in tiny daily slices from OGSP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does OGSP cost more than a fund like VOO? OGSP is actively managed (current expense ratio 1.69%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether OGSP's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to OGSP? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as OGSP (1.69%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ogsp - Distribution history: https://www.dividenddata.com/funds/ogsp/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ogsp/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ogsp/expenses - Peer comparison: https://www.dividenddata.com/funds/ogsp/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.