Key stats
About Obra Defensive High Yield ETF
Home page
Inception date
Jun 30, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Obra Fund Management LLC
Distributor
Capital Investment Group, Inc.
ODHY is actively managed and invests primarily in high yield, USD-denominated corporate bonds (junk bonds). It uses a bottom-up, value-driven process in selecting securities, targeting larger companies with significant cash flow and higher-rated bonds (B3/B or better). The advisor assesses each companys credit risk through a proprietary default risk rating (DRR), which evaluates default probability, loan recovery, and other factors such as audited financial statements, restricted payments covenants, and industry classifications. Up to 10% may be allocated to government securities, higher-rated bonds, or unrated/lower-rated bonds if DRR equivalents meet established criteria. The fund may engage in frequent trading during periods of volatility to optimize returns or limit losses. Industry exposure is capped at 15%, issuer holdings at 1.5%, and the weighted average rating is maintained at B2/B.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate94.87%
Cash3.38%
Mutual fund1.75%
Stock breakdown by region
North America90.68%
Europe7.55%
Middle East0.94%
Oceania0.83%
Latin America0.00%
Asia0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ODHY assets under management is 5.11 M USD. It's risen 2.11% over the last month.
ODHY fund flows account for 100.19 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, ODHY doesn't pay dividends to its holders.
ODHY shares are issued by Reverence Capital Partners LLC under the brand Obra. The ETF was launched on Jun 30, 2025, and its management style is Active.
ODHY expense ratio is 0.70% meaning you'd have to pay 0.70% of your investment to help manage the fund.
ODHY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ODHY invests in bonds.
ODHY trades at a premium (0.28%) meaning the ETF is trading at a higher price than the calculated NAV.