Obra Fund Management, LLCHigh Yield BondODHY · NYSE Arca

Obra Defensive High Yield ETF (ODHY)

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Price: $9.78; —25 Sept 2026
Assets: $5.1M; Total net assets
Expense ratio: 0.50%; Category 0.85%
Yield: 5.24%; Trailing distributions

1Y return: 2.2%-0.1%; Category 2.3%
3Y CAGR: —; Category 7.8%
5Y CAGR: —; Category 3.4%

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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	-1.6%	-1.0%	+1.5%	+0.5%	+2.2%	—	—	—	+2.1%
High Yield Bond average	-2.0%	-1.1%	2.2%	0.7%	2.3%	7.8%	3.4%	4.5%	4.2%
Difference	+0.4%	+0.1%	-0.6%	-0.3%	-0.1%	—	—	—	-2.1%

Holdings

The 1 largest positions make up 2.4% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
FGTXX	Goldman Sachs FS Government Instl	2.35%

Asset mix

What the fund is invested in.

Bonds95.6%
Cash4.5%

ETF details

Issuer: Obra Fund Management, LLC
Category: Fixed Income · High Yield Bond
Ticker: ODHY
Exchange: NYSE Arca
Inception: 30 Jun 2025 (1.2 years)
Structure: Exchange Traded Fund
Expense ratio: 0.50% (category 0.85%)
Holdings turnover: 15% (category 74%)
Distribution yield: 5.24%
Beta, 3 years: 0.00
Total net assets: $5.1M
Average duration: 5.81 years
Average maturity: 9.90 years

Prices and returns as of 25 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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