Obra Fund Management, LLCHigh Yield BondODHY · NYSE Arca

Obra Defensive High Yield ETF (ODHY)

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Price: $9.71; —12 Nov 2026
Assets: $4.9M; Total net assets
Expense ratio: 0.50%; Category 0.85%
Yield: 5.49%; Trailing distributions

1Y return: 1.8%+0.1%; Category 1.7%
3Y CAGR: —; Category 7.3%
5Y CAGR: —; Category 3.5%

$9.71—12 Nov 2026

Fund

Assets: $4.9M
Expense: 0.50%
Categ. exp: 0.85%
Yield: 5.49%

ReturnFundCateg.

1Y1.8%1.7%

3Y—7.3%

5Y—3.5%

Launch2.1%—

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Obra Defensive High Yield ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+0.3%	-1.2%	0.0%	+0.8%	+1.8%	—	—	—	+2.1%
High Yield Bond average	0.3%	-1.9%	-0.5%	0.7%	1.7%	7.3%	3.5%	4.7%	3.9%
Difference	0.0%	+0.8%	+0.5%	+0.1%	+0.1%	—	—	—	-1.8%

Holdings

The 1 largest positions make up 4.1% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
FGTXX	Goldman Sachs FS Government Instl	4.11%

Asset mix

What the fund is invested in.

Bonds94.2%
Cash5.8%

ETF details

Issuer: Obra Fund Management, LLC
Category: Fixed Income · High Yield Bond
Ticker: ODHY
Exchange: NYSE Arca
Inception: 30 Jun 2025 (1.4 years)
Structure: Exchange Traded Fund
Expense ratio: 0.50% (category 0.85%)
Holdings turnover: 15% (category 74%)
Distribution yield: 5.49%
Beta, 3 years: 0.00
Total net assets: $4.9M
Average duration: 5.82 years
Average maturity: 9.61 years

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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