Obra High Grade Structured Products ETF
OGSP
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 650 Fifth Avenue, 23rd Floor New York NY United States of America 10019
- IPO Date
- Apr 10, 2024
- Website
- etfpages.com
- Similar Companies
- Business
- Obra High Grade Structured Products ETF (OGSP) is an actively managed exchange-traded fund that seeks to generate current income with a focus on principal preservation by investing primarily in high-grade, investment-grade securitized products. The fund employs an opportunity-oriented approach, actively allocating across asset-backed securities (ABS), mortgage-backed securities (MBS), residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), collateralized debt obligations (CDOs), collateralized mortgage obligations (CMOs), and collateralized loan obligations (CLOs); it invests across capital structures and the duration spectrum based on market conditions, with up to 20% flexibility in broader debt securities. As of September 30, 2025, the portfolio features 101 holdings, an effective duration of 0.93 years, weighted average maturity of 2.24 years, weighted average coupon of 6.72%, and a sector breakdown including 32% CLOs, 29% ABS, 22% CMBS, 14% MBS, and 3% cash. Ratings distribution emphasizes investment-grade securities, with 12.86% AAA, 10.51% AA, 51.63% A, and 25.01% BBB. Launched on April 9, 2024, and listed on NYSE Arca, OGSP represents the inaugural ETF offering from Obra Fund Management, LLC, the investment advisor and a subsidiary of Obra Capital, Inc., headquartered in New York. The fund is distributed by Capital Investment Group, Inc., with portfolio management led by Peter Polanskyj, SMD and Head of Structured Credit (27 years of experience), and Matt Roesler, MD, Structured Credit (20 years of experience). Net expense ratio stands at 0.90% pursuant to an expense limitation agreement through July 31, 2025 (potentially extendable), with total net assets of approximately $29.5 million as of September 30, 2025. In April 2024, Obra Fund Management simultaneously launched OGSP alongside the related Obra Opportunistic Structured Products ETF (OOSP), marking the firm's entry into the ETF market with a dynamic, active strategy for securitized products amid evolving market conditions. The August 1, 2025 prospectus update reflects ongoing operational refinements, including reaffirmed expense waivers and expanded disclosures on investment strategies and risks. No further major acquisitions, partnerships, funding rounds, or strategic shifts have been reported in the last 1-2 years, with the fund maintaining its core focus on high-grade structured credit for U.S. investors.