Obra Opportunistic Structured Products ETF

Frequently Asked Questions About OOSP

What does OOSP invest in?

OOSP will actively invest across capital structures, credit quality and duration, based on the Issuers assessment of market conditions. Investments will be made across asset-backed securities, mortgage-backed securities, residential mortgage-backed securities, commercial mortgage-backed securities, collateralized debt obligations, collateralized mortgage obligations, and collateralized loan obligations. The funds advisor uses a combination of fundamental, quantitative, and structural analysis to select holdings. It is expected that the portfolio will not focus on specific tranches or asset categories. The strategy focuses on evaluating an individual securitys opportunity for return compared to the potential risk. All portfolio assets are linked to interest or one or more derivatives, which may use leverage. To manage positions or pursue opportunities the fund will be actively traded, which will increase during periods of market volatility.

What is the expense ratio of OOSP?

Obra Opportunistic Structured Products ETF (OOSP) charges an expense ratio of 0.91%. This is the annual fee deducted from fund assets to cover management and operations.

What is OOSP's dividend yield?

OOSP's trailing-twelve-month yield is 6.42%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of OOSP?

Effective duration measures OOSP's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. OOSP's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of OOSP?

OOSP'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 OOSP?

Yield to maturity (YTM) is the total return you'd earn from OOSP if every bond in the portfolio is held to maturity at the current price. OOSP'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.