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HYGV · Northern Trust High Yield Value-Scored Bond ETF

Know the company

Company overview

Northern Trust High Yield Value-Scored Bond ETF holds lower-rated company bonds selected with a value-oriented process. Borrower interest provides cash, while defaults and changing bond prices affect both future income and capital.

Business: High-yield bond ETF
Listing: HYGV · NYSE Arca
Reporting period: 2026-04-30
Dividend schedule: Monthly

How the business works

Bond interest after fund expenses becomes net investment income. Credit losses, sales and changing bond values affect net asset value separately.

Northern Trust High Yield Value-Scored Bond ETF: financial report supporting reported earnings

Dividend & earnings snapshot

Dividend payments

Per common share

$0.24166Reviewed declaration · Payment Sep 8, 2026

Regular dividend

Announced Sep 1, 2026

Dates and company reports

Announcement: Sep 1, 2026
Declaration: Not confirmed
Ex-dividend: Sep 1, 2026
Record: Sep 1, 2026
Payment: Sep 8, 2026

Dividend declaration for payment Sep 8, 2026 · stockanalysis.com · Announced Sep 1, 2026

Extras are shown separately and are not assumed to repeat.

Reported earnings

Each measure shown separately, per share

Net investment income$1.45

Nov 1, 2025 to Apr 30, 2026

Distribution yield7.46%Sourced distributions divided by dated market price

Reported annual income yield7.38%Reported net investment income $3.0200 per share for 2024-11-01 to 2025-10-31, divided by approved 2025-10-31 market price $40.9100. Excludes capital gains; historical, not a current yield or forecast.

Reported annual investment income$3.02Per share for 2025 FY. Excludes investment gains.

Trailing 12-month distributions$2.96Recorded recurring payments per share, not a forecast

Dividend payment history

Date or month	Per share
Sep 8, 2026	$0.24166

Reported earnings and sources

Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.

Reporting period	Per share	Source
Nov 1, 2025 to Apr 30, 2026	$1.45	SEC Announced Sep 8, 2026

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Nov 1, 2025 to Apr 30, 2026	$40.46	-1.20%	$1.47	+2.44%	Verified company financial highlights for this exact fiscal period; total return is reported, not inferred.
Nov 1, 2024 to Oct 31, 2025	$40.95	-0.36%	$3.10	+7.49%	Fund financial highlights for the exact share class and reporting period.
Nov 1, 2023 to Oct 31, 2024	$41.10	+6.09%	$3.46	+15.55%	Fund financial highlights for the exact share class and reporting period.

View older history (up to 7 years)

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Nov 1, 2022 to Oct 31, 2023	$38.74	-3.37%	$3.52	+5.45%	Fund financial highlights for the exact share class and reporting period.
Nov 1, 2021 to Oct 31, 2022	$40.09	-19.14%	$3.23	-13.06%	Fund financial highlights for the exact share class and reporting period.
Nov 1, 2020 to Oct 31, 2021	$49.58	+7.20%	$2.76	+13.38%	Fund financial highlights for the exact share class and reporting period.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

How to read HYGV income

Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.

Watch defaults, interest-rate changes and expenses. Income can hold up while falling bond or loan values reduce NAV.

Income and distributions

Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.

Reporting period	Net investment income/share	Total distributions/share	Income coverage
2025-11-01 to 2026-04-30	$1.45	$1.47	98.6%
2024-11-01 to 2025-10-31	$3.02	$3.10	97.4%
2023-11-01 to 2024-10-31	$3.42	$3.46	98.8%

View older history (up to 7 years)

Reporting period	Net investment income/share	Total distributions/share	Income coverage
2022-11-01 to 2023-10-31	$3.57	$3.52	101.4%
2021-11-01 to 2022-10-31	$2.98	$3.23	92.3%
2020-11-01 to 2021-10-31	$2.67	$2.76	96.7%

The assets behind the earnings

How HYGV makes money

Financial snapshot: 2026-04-30. Research reviewed 2026-09-18. Compare results for the reporting periods shown. Historical results are not a forecast.

The assets it owns

$1.078 billion net assetsHigh-yield bond ETF

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

Northern Trust High Yield Value-Scored Bond ETF: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2025-11-01 to 2026-04-30 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$1.4500

Total cash distributions in the same period$1.4700

For the six months ended April 30, 2026, HYGV reported $1.45 of net investment income and $1.47 of distributions per share. Net asset value eased from $40.95 to $40.46. Income nearly matched the cash payment, but the credit result and lower ending value still deserve attention.

Northern Trust High Yield Value-Scored Bond ETF: financial report supporting reported earnings

The income-producing business

Portfolio interest and dividends, realized investment results and any derivative activity contribute to distribution resources after expenses. Taxable income and cash distributions can differ from reported net investment income.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

Northern Trust High Yield Value-Scored Bond ETF: financial report supporting reported earnings

What the reported earnings support

Northern Trust High Yield Value-Scored Bond ETF reported $1.4500 per share for 2025-11-01 to 2026-04-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

Northern Trust High Yield Value-Scored Bond ETF: financial report supporting reported earnings

Portfolio and strategy risk

Income and capital are exposed to corporate defaults, credit spreads and interest rates.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

Northern Trust High Yield Value-Scored Bond ETF: financial report supporting reported earnings

Distribution variability

Payments can change and can include gains or return of capital. A high trailing yield does not establish earnings coverage or total return.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

Northern Trust High Yield Value-Scored Bond ETF: financial report supporting reported earnings

What would change the earnings picture?

Compare the next like-length bond income and cash paid with defaults, credit spreads, payment components and net asset value.

Net asset value (NAV)

NAV per share$38.92Sep 29, 2026

Market price$38.94Sep 29, 2026

PREMIUM / DISCOUNT TO NAV0.05% premiumCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

FlexShares company Quick Stats NAV and market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Fly High context

Compare the next like-length bond income and cash paid with defaults, credit spreads, payment components and net asset value.

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U.S. federal · Tax year 2025

Dividend tax treatment

The fund designated all 2025 distributions as ordinary dividends. The mix can change from year to year.

This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.

Ordinary, nonqualified: 100%
Qualified dividends: 0%
Capital-gain distributions: 0%
Return of capital: 0%

Tax year: 2025. Total distributions: $3.05 per share.

Tax details and source

Total ordinary dividends (includes qualified): 100%
Section 199A portion (within ordinary dividends): 0%
Exempt-interest distributions: 0%
Reporting form: Form 1099-DIV
Source date: 2025-12-31

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

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