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.
