OOSP Fees and Costs — Obra Opportunistic Structured Products ETF
Data updated: 2026-08-28
The net expense ratio is 0.64%: a 0.63% management fee plus 0.74% other expenses, less a 0.74% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 72%.
OOSP Fees and Expenses
Annual operating expenses and sales charges of OOSP. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | — |
| Other expenses | 0.74% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.74% |
| Net expense ratio | 0.64% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
OOSP Costs Over Time
On $10,000 invested in OOSP, assuming 5% a year before costs, total costs come to $403 over 5 years, cutting the return by 0.67% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.64%) | $67 | $210 | $366 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $221 | $403 |
| Value after costs | $10,433 | $11,355 | $12,360 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
OOSP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $305.3M
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
OOSP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UMB Bank, n.a. | $195.1M | 63.91% |
| J.P. Morgan Securities LLC | $18.5M | 6.05% |
| Pershing LLC | $15.7M | 5.13% |
| Goldman Sachs & Co. LLC | $15.5M | 5.08% |
| Deutsche Bank Securities Inc. | $14.1M | 4.61% |
| BofA Securities, Inc. | $11.5M | 3.78% |
| Morgan Stanley & Co. LLC | $10.1M | 3.31% |
| BNP Paribas Securities Corp. | $9.2M | 3.00% |
| Scotia Capital (USA) Inc. | $7.9M | 2.60% |
| Cantor Fitzgerald & Co. | $7.7M | 2.53% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.