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HTUS · Hull Tactical U.S. ETF

Know the company

Company overview

Hull Tactical U.S. ETF changes its exposure to the U.S. stock market using quantitative signals and derivatives. Cash and bond collateral can earn interest, while the trading positions determine much of the investment result.

Business
Tactical equity ETF
Listing
HTUS · BATS
Reporting period
2026-04-30
Dividend schedule
Annual

How the business works

Collateral and portfolio income after expenses appear in net investment income. Derivative and equity-market results are separate and can drive variable cash payments and net asset value.

Hull Tactical U.S. ETF: financial report supporting reported earnings

Dividend & earnings snapshot

Reported earnings

Each measure shown separately, per share

Net investment income$0.23

Nov 1, 2025 to Apr 30, 2026

Distribution yield10.39%Sourced distributions divided by dated market price
Reported annual income yield1.49%Reported net investment income $0.6500 per share for 2024-11-01 to 2025-10-31, divided by approved 2025-10-31 market price $43.5450. Excludes capital gains; historical, not a current yield or forecast.
Trailing 12-month distributions$4.72Recorded recurring payments per share, not a forecast
Distribution supportSee period evidenceReported net investment income and total distributions for the same period are needed.
Verified dividend dates and payment components

Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.

Verified earnings history and sources

The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.

Reporting periodEarnings measurePer shareSource
Nov 1, 2025 to Apr 30, 2026Net investment income$0.23Issuer source 1
Announced Sep 18, 2026

Business and earnings charts

Financial snapshot: 2026-04-30. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.

The assets it owns

$166.406 million net assetsTactical equity 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.

Hull Tactical U.S. 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$0.2300
Total cash distributions in the same period$4.7200

For the six months ended April 30, 2026, HTUS reported $0.23 of net investment income and $4.72 of distributions per share. Net asset value fell from $43.51 to $42.12. The payment greatly exceeded the income line while capital value declined, so the trading result and actual payment components matter more than an income-only comparison.

Hull Tactical U.S. ETF: financial report supporting reported earnings

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 periodEnding NAVNAV changeDistributions / shareReported NAV total returnSource
Nov 1, 2025 to Apr 30, 2026$42.12-3.19%$4.72+8.24%Verified issuer financial highlights for this exact fiscal period; total return is reported, not inferred.

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.

Reported distribution and income history

Net investment income and total cash distributions are separate reported figures. Investment gains, option activity where applicable, and other sources can contribute to distributions, so net investment income alone is not a coverage verdict. Partial periods are not annualized.

Reporting periodNet investment income/shareTotal distributions/share
2023-11-01 to 2024-10-31 $0.90 $0.42
2024-11-01 to 2025-10-31 $0.65 $6.77
2025-11-01 to 2026-04-30 $0.23 $4.72

Risk monitor

RiskCurrent conditionDirectionWhy it matters
Portfolio and strategy riskIncome and capital are exposed to equity-market losses, allocation decisions and variable capital-gain distributions.MonitorA change can affect future distributions or shareholder capital.
Distribution variabilityPayments can change and can include gains or return of capital. A high trailing yield does not establish earnings coverage or total return.MonitorA change can affect future distributions or shareholder capital.
Market and implementation riskMarket liquidity, trading costs, derivative execution where used, and fund expenses can reduce shareholder returns.MonitorA change can affect future distributions or shareholder capital.

The assets behind the earnings

How HTUS makes money

Financial snapshot: 2026-04-30. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.

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.

Hull Tactical U.S. ETF: financial report supporting reported earnings

What the reported earnings support

Hull Tactical U.S. ETF reported $0.2300 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.

Hull Tactical U.S. ETF: financial report supporting reported earnings

Portfolio and strategy risk

Income and capital are exposed to equity-market losses, allocation decisions and variable capital-gain distributions.

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

Hull Tactical U.S. 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.

Hull Tactical U.S. ETF: financial report supporting reported earnings

What would change the earnings picture?

Compare the next like-length trading result and cash paid with changing market exposure, reported payment components and net asset value.

Net asset value (NAV)

NAV per share$45.6453Sep 28, 2026
Market price$45.7300Sep 28, 2026
PREMIUM / DISCOUNT TO NAV0.19% 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.

HTUS issuer net assets divided by shares outstanding for per-share NAV, and separately verified BATS closing market price, both dated 2026-09-28. The closing price less calculated NAV agrees with the issuer-reported dollar premium within cent rounding. Marketstack exchange code was quarantined and was not used as the price source. Older audited NAV history remains unchanged.

NAV source · Market-price source

Current evidence and recent developments

  • Reported fund net investment income per share: $0.23 for 2025-11-01 to 2026-04-30; actual period, not annualized.
  • Trailing distribution screen: 10.39% on 2026-09-11.
  • Latest announced cash distribution in the checked history: $4.7209; usual frequency annual.

What to watch next

  • Compare the next like-length trading result and cash paid with changing market exposure, reported payment components and net asset value.

Fly High context

Compare the next like-length trading result and cash paid with changing market exposure, reported payment components and net asset value.

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U.S. federal · Tax year 2025

Dividend tax treatment

Hull's 2025 distribution table shows a mix of ordinary income and long-term capital gains for HTUS.

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

Total ordinary dividends
44.81%
Qualified dividends
Not confirmed
Capital-gain distributions
55.19%
Return of capital
0%

Tax year: 2025.

Tax details and source
Total ordinary dividends (includes qualified)
44.81%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated

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.

Public Research updated September 30, 2026 7:51 pm

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