Obra Capital, Inc. (“Obra”) today announced the listing of Obra
Opportunistic Structured Products ETF (NYSE: OOSP) and Obra High
Grade Structured Products ETF (NYSE: OGSP). The ETFs are the
inaugural investor offerings of Obra Fund Management, LLC, the
manager of the funds. Additional information about the manager and
the funds can be found at the newly launched website
www.ObraFunds.com.
“I am very proud and excited to announce the
listing of Obra Opportunistic Structured Products and Obra High
Grade Structured Products ETFs,” said Blair Wallace, President and
Chief Executive Officer of Obra Capital, Inc. “Through OOSP and
OGSP, we aim to provide investors with investment options with
access to a wide variety of securitized products. We intend to
deploy a dynamic approach, which will allow the team to shift
allocation based on changing market conditions while working to
deliver a dividend every quarter.”
Obra Opportunistic Structured Products
ETF
OOSP seeks to generate current income with a
focus on principal preservation by investing primarily in
securitized products1. OOSP will take an active approach to
investing 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 fund will invest up and down capital structures
and the duration spectrum, contingent upon market conditions.
Obra High Grade Structured Products
ETF
OGSP seeks to generate current income with a
focus on principal preservation by investing, primarily, in
high-grade and investment-grade securitized products2. OGSP will
take an active approach to investing, allocating 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 fund will
invest up and down capital structures and the duration spectrum,
contingent upon market conditions.
Experienced Portfolio
Management
OOSP and OGSP will be managed by Peter
Polanskyj, Senior Managing Director, Head of Structured Credit and
Matt Roesler, Managing Director, Structured Credit.
Mr. Polanskyj has over 27 years of experience
investing in a variety of structured investments with corporate
credit underlying and has successfully raised and managed a $12bn
collateralized loan obligation management platform.
Mr. Roesler has over 20 years of experience in
portfolio management on behalf of liability-driven, total return
and opportunistic accounts with a focus on securitized products,
capital relief transactions, and secured financing
opportunities.
ObraFunds.com
In support of Obra Fund Management, LLC and the
newly launched Obra Opportunistic Structured Products ETF and Obra
High Grade Structured Products ETF, Obra Capital has launched a new
website available at www.ObraFunds.com. The new website provides
investors with access to fact sheets, prospectus, SAI, performance
data, and investment approach.
For more information, please visit
www.ObraFunds.com.
About Obra Capital
Obra Capital, Inc. is an alternative asset
management firm that provides investment products and solutions
across insurance special situations, structured credit, asset-based
finance, and longevity. The firm aims to generate long-term value
and returns for investors through a variety of funds and separate
accounts. With capabilities in investing, originating, structuring,
and servicing, Obra provides differentiated investment
opportunities for investors globally. As of March 31, 2024, Obra
Capital Management, LLC’s estimated unaudited amount of assets
under management was approximately $4.3 billion. For more
information about Obra, please visit www.obra.com.
Media Contact:
Dan GagnierGagnier CommunicationsObra@gagnierfc.com
646-569-5897
An investor should consider the investment
objective, risks, and charges and expenses of the Funds before
investing. The prospectus contains this and other information about
the Fund. A copy of the prospectus is available at
www.obrafunds.com or by calling Shareholder Services at
1-800-773-3863. The prospectus should be read carefully before
investing. Current and future holdings are subject to change and
risks.
An investment in the Funds is subject to
investment risks, including the possible loss of some or the entire
principal amount invested. There can be no assurance that the Funds
will be successful in meeting their investment objectives.
Investments in the Funds are also subject to the following risks:
Structured Products Risk: The structured products may include
investments in securitizations and other asset-back securities.
Among other risks, the products (i) are subject to the risks
associated with the underlying assets; (ii) will often be
leveraged, which will generally magnify the opportunities for gain
and risk of loss; (iii) are highly complex, which may cause
disputes as to their terms and impact the valuation and liquidity
of such positions; and (iv) often contain significant obstacles to
asserting “putback” or similar claims against the products.
Mortgage- and Asset-Backed Securities: MBS are subject to
“prepayment risk” (when interest rates fall, certain types of
obligations will be paid off by the obligor more quickly than
originally anticipated, and the Fund may have to invest the
proceeds in securities with lower yields) and “extension risks”
(when interest rates rise, certain obligations will be paid off by
the obligor more slowly than anticipated causing the value of these
securities to fall). While shares of the funds are tradable on
secondary markets, they may not readily trade in all market
conditions and may trade at significant discounts in periods of
market stress. ETFs trade like stocks, are subject to investment
risks, fluctuate in market value, and may trade at prices above or
below the ETFs net asset value. Brokerage commissions and ETF
expenses will reduce returns. More information about these risks
can be found in the Funds’ prospectus.
The Obra ETFs are distributed by Capital
Investment Group, Inc., Member FINRA/SIPC, 100 E. Six Forks Road,
Suite 200, Raleigh, NC 27069. There is no affiliation between Obra
Capital Inc., Obra Fund Management, LLC, including their
principals, and Capital Investment Group, Inc. RCOBR0424003
1 Also referred to as “Structured Products.”
Structured products are pre-packaged investments that normally
include assets linked to interest or one or more derivatives, which
may use leverage.2 The Advisor defines high-grade as
investment-grade securities, which are securities with a rating by
a nationally recognized statistical rating organization (“NRSROs”)
of Baa3/BBB- or better.
Spinnaker ETF Se (NYSE:OGSP)
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