Obra Opportunistic Structured Products ETF

Frequently Asked Questions About OOSP

What does OOSP invest in?

The Obra Opportunistic Structured Products ETF (OOSP) employs a flexible and proactive investment strategy, deploying capital across diverse capital structures, credit quality tiers, and duration profiles, all guided by the fund manager's ongoing evaluation of market conditions. Its portfolio encompasses a wide array of structured credit instruments, such as asset-backed securities, mortgage-backed securities (including both residential and commercial), collateralized debt obligations, collateralized mortgage obligations, and collateralized loan obligations. The advisor's selection process combines fundamental research, quantitative models, and structural analysis. The fund deliberately avoids concentrating on specific tranches or asset categories, maintaining broad diversification. A central tenet of the strategy involves meticulously assessing each individual security's potential for return relative to its associated risks. All holdings within the portfolio derive their value from interest payments or one or more derivative instruments, with the potential for leverage to be utilized. The fund will engage in active trading to manage exposures and capitalize on market opportunities, with transaction volumes expected to increase significantly during periods of heightened market volatility.

What is the expense ratio of OOSP?

Obra Opportunistic Structured Products ETF (OOSP) charges an expense ratio of 1.38%. 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 6.33%, 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.