ODHY Obra Defensive High Yield ETF
Quote as of Sep 29, 2026 13:43 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 9.78 | Day Range | 9.74 – 9.74 |
| 52-Week Range | 9.74 – 10.12 | Volume | 21 |
| Avg Volume | 101 | AUM | $4.9M (Oct 10, 2026) |
| Expense Ratio | 5.34% | Yield (TTM) | 5.33% |
| NAV | 9.68 | Premium/Discount | +0.62% indicative |
| Inception | Jun 27, 2025 | Holdings | 146 |
| Issuer | Obra | Exchange | AMEX |
| Category | High Yield Bonds | Index Tracked | Not stated in source data |
| CUSIP | 84858T723 | ISIN | US84858T7239 |
| Management | Not stated in source data | ||
About this ETF
The Obra Defensive High Yield ETF (ODHY) is a dynamically managed fund that primarily seeks opportunities in U.S. dollar-denominated, high-yield corporate debt, commonly known as sub-investment grade or "junk" bonds. Its investment methodology is distinctly bottom-up and value-driven, meticulously selecting securities from larger entities that demonstrate robust cash flow generation. The fund specifically targets the upper tier of the high-yield market, focusing on bonds rated B3/B or superior. A cornerstone of its strategy involves a proprietary Default Risk Rating (DRR) employed by the advisor to rigorously assess each company's creditworthiness. This comprehensive rating scrutinizes default probability, expected loan recovery rates, and a multitude of other factors, including detailed audited financial statements, restrictive payment covenants, and thorough industry analysis. While predominantly investing in high-yield corporate debt, the fund allows for tactical diversification, allocating up to 10% of its assets to government securities, investment-grade bonds, or even unrated/lower-rated debt, provided such instruments meet the stringent internal DRR criteria. During periods of market turbulence, ODHY may engage in active trading to capitalize on opportunities or mitigate potential losses. To ensure diversification and maintain overall portfolio quality, the fund adheres to strict constraints: no more than 15% exposure to any single industry, individual issuer holdings are capped at 1.5%, and the weighted average rating across the portfolio is consistently maintained at B2/B.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -2.12% | -2.90% | -2.81% | -3.67% | -3.67% | — | — | — | -4.24% |
| Total return | -2.12% | -2.41% | -1.12% | -0.72% | +0.52% | — | — | — | +1.15% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 05, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 5.34% | Annual cost of a $10,000 investment | $534.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 147 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Cash / Cash Equivalents | — | 3.25% | 160.72K | $160.7K |
| 2 | WMS 6.375 06/15/30 '25 | — | 1.02% | 50.00K | $50.6K |
| 3 | TDG 6.625 03/01/32 '27 | — | 1.02% | 50.00K | $50.3K |
| 4 | VST 5.000 07/31/27 '25 | — | 1.02% | 50.00K | $50.3K |
| 5 | QSP 4.375 01/15/28 '25 | — | 1.02% | 50.00K | $50.2K |
| 6 | ARMK 5.000 02/01/28 '25 | — | 1.01% | 50.00K | $50.0K |
| 7 | ENR 4.750 06/15/28 '25 | — | 1.01% | 50.00K | $49.8K |
| 8 | TEX 5.000 05/15/29 '24 | — | 1.01% | 50.00K | $49.7K |
| 9 | CLH 5.125 07/15/29 '25 | — | 1.00% | 50.00K | $49.6K |
| 10 | IRM 5.000 07/15/28 '24 | — | 1.00% | 50.00K | $49.4K |
| 11 | COTY 4.750 01/15/29 '25 | — | 0.99% | 50.00K | $48.9K |
| 12 | THC 4.250 06/01/29 '25 | — | 0.99% | 50.00K | $48.8K |
| 13 | DVA 4.625 06/01/30 '25 | — | 0.97% | 50.00K | $48.0K |
| 14 | NAVI 5.500 03/15/29 '28 | — | 0.97% | 50.00K | $47.9K |
| 15 | CZR 6.500 02/15/32 '27 | — | 0.96% | 50.00K | $47.6K |
| 16 | DTM 4.375 06/15/31 '26 | — | 0.96% | 50.00K | $47.5K |
| 17 | NRG 3.375 02/15/29 '25 | — | 0.96% | 50.00K | $47.3K |
| 18 | GHING 4.375 07/15/30 '25 | — | 0.95% | 50.00K | $47.0K |
| 19 | BYD 4.750 06/15/31 '26 | — | 0.95% | 50.00K | $46.9K |
| 20 | REZI 4.000 09/01/29 '24 | — | 0.95% | 50.00K | $46.8K |
| 21 | ADTX 4.875 07/15/32 | — | 0.93% | 50.00K | $46.1K |
| 22 | ALSNX 3.750 01/30/31 '26 | — | 0.92% | 50.00K | $45.7K |
| 23 | SCI 3.375 08/15/30 '25 | — | 0.92% | 50.00K | $45.5K |
| 24 | LEVIX 3.500 03/01/31 '26 | — | 0.91% | 50.00K | $45.1K |
| 25 | F 3.625 06/17/31 '31 | — | 0.91% | 50.00K | $44.9K |
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Distributions
| Yield (TTM) | 5.33% | Paid (last 12 months) | $0.5190 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 29, 2026 | Last payment | $0.0460 (Sep 30, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 29, 2026 | Sep 29, 2026 | Sep 30, 2026 | $0.0460 |
| Aug 28, 2026 | Aug 28, 2026 | Aug 31, 2026 | $0.0460 |
| Jul 30, 2026 | Jul 30, 2026 | Jul 31, 2026 | $0.0460 |
| Jun 29, 2026 | Jun 29, 2026 | Jun 30, 2026 | $0.0430 |
| May 28, 2026 | May 28, 2026 | May 29, 2026 | $0.0430 |
| Apr 29, 2026 | Apr 29, 2026 | Apr 30, 2026 | $0.0430 |
| Mar 30, 2026 | Mar 30, 2026 | Mar 31, 2026 | $0.0420 |
| Feb 26, 2026 | Feb 26, 2026 | Feb 27, 2026 | $0.0420 |
| Jan 29, 2026 | Jan 29, 2026 | Jan 30, 2026 | $0.0420 |
| Dec 30, 2025 | Dec 30, 2025 | Dec 31, 2025 | $0.0420 |
| Nov 26, 2025 | Nov 26, 2025 | Nov 28, 2025 | $0.0420 |
| Oct 30, 2025 | Oct 30, 2025 | Oct 31, 2025 | $0.0420 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 3.07% / — | Sharpe 1Y / 3Y | -0.993 / — |
| Max drawdown 1Y / 3Y | -3.30% / — | Sortino 1Y | -1.36 |
| Beta vs S&P 500 (3Y) | 0.156 | Correlation vs S&P 500 (1Y) | 0.655 |
| Downside deviation 1Y | 2.25% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 10, 2026. Formulas →
Liquidity
| Volume today | 21 | Average volume | 101 |
| AUM | $4.9M | Premium/Discount | +0.62% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $0.00 | 0.00% | $4.9M → $4.9M |
| 1 Month | -$124.6K | -2.42% | $5.2M → $4.9M |
| 1 Week | -$33.0K | -0.67% | $5.0M → $4.9M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for ODHY
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.