Obra Defensive High Yield ETF

Obra Defensive High Yield ETF is an actively managed fixed income exchange-traded fund specializing in U.S. and global corporate high yield bonds. The fund’s central purpose is to generate current income while maintaining a focus on principal preservation, targeting investors who seek steady cash flows from a diversified portfolio of below-investment-grade debt securities. Obra Defensive High Yield ETF invests predominantly in high yield corporate bonds, often referred to as junk bonds, and allocates its assets broadly across maturities and issuers. Managed using proprietary selection and weighting criteria, the fund does not track an underlying index, allowing its managers to dynamically adjust exposures in response to changing market conditions. With its corporate bond holdings concentrated in North America and select international markets, the fund aims to balance elevated yields with prudent risk management. Operated by Reverence Capital Partners LLC and advised by Obra Fund Management LLC, the ETF reflects an approach designed to serve investors seeking defensive exposure to high-yield credit while emphasizing risk controls typical of institutional-grade bond management.