ODHY

Obra Defensive High Yield ETF

$10.03

+0.00%

Market closed. Last update: 12:27 PM ET

📎 Investment Objective

The Obra Defensive High Yield ETF (ODHY) seeks to provide high current income while also aiming to preserve capital and reduce volatility compared to the broader high yield bond market.

Overview

ETF tracking Obra Defensive High Yield ETF

Category High Yield

Issuer Other

Inception Date 2025-06-30

Market Cap $5.1M

Average Volume N/A

Dividend Yield 1.79%

52-Week Range $9.97 - $10.13

VWAP $10.02

Performance

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Investment Summary

📎 Investment Objective

The Obra Defensive High Yield ETF (ODHY) seeks to provide high current income while also aiming to preserve capital and reduce volatility compared to the broader high yield bond market.

🎯 Investment Strategy

The ETF invests primarily in a diversified portfolio of high-yield corporate bonds and other fixed income securities. The fund's managers use a defensive approach, focusing on higher-quality, less speculative high-yield bonds to generate income while managing downside risk.

✨ Key Features

Focuses on higher-quality high-yield bonds to generate income while managing volatility
Diversified portfolio across industries and credit qualities within the high-yield bond market
Actively managed strategy aims to navigate changing market conditions
Low expense ratio of 0.00%

⚠️ Primary Risks

Credit risk: The fund is exposed to the risk of default or downgrade of the high-yield bonds it holds
Interest rate risk: The fund's bond holdings are subject to fluctuations in value due to changes in interest rates
Liquidity risk: High-yield bonds may have lower liquidity compared to investment-grade bonds
Concentration risk: The fund's focus on the high-yield bond sector makes it vulnerable to conditions in that specific market

👤 Best For

The Obra Defensive High Yield ETF may be suitable for investors seeking high current income and lower volatility compared to the broader high-yield bond market. It could be a component of a diversified fixed income allocation, particularly for investors with a moderate risk tolerance who are willing to accept the higher credit risk of high-yield bonds in exchange for the potential for higher yields.