Obra Defensive High Yield ETF (ODHY)

The Obra Defensive High Yield ETF (ODHY) is an actively managed fixed-income fund from Obra Capital. It seeks to generate income from below-investment-grade corporate debt while emphasizing downside protection.

The strategy invests in high yield bonds and related credit instruments, favoring issuers and structures that the managers believe offer more resilient credit quality, and it adjusts its positioning across the credit spectrum based on fundamental research.