ODHY – Obra Defensive High Yield ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide current income with an emphasis on principal preservation. The Advisor intends to achieve its investment objective by investing primarily in high yield corporate bonds (or “junk bonds”). Under normal circumstances, the fund will invest at least 80% of the fund’s net assets (plus borrowings for investment purposes) in U.S. dollar denominated, high yield corporate bonds.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ODHY	Obra Defensive High Yield ETF	ETF	Open	—		Jun 30, 2025	$4.95M	0.500%	—	—	−$199,066.27

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