Q3 All-Season Active Rotation ETF moves among market exposures through underlying funds. That flexibility can create realized gains and variable cash payments, but each shift also changes the risks shareholders own.
Business
Tactical allocation ETF
Listing
QVOY · BATS
Reporting period
2026-05-31
Dividend schedule
Annual
How the business works
Cash from underlying holdings becomes net investment income after expenses. Trading gains or losses and market moves are separate parts of the investment result and can drive net asset value.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.19
Dec 1, 2025 to May 31, 2026
$0.00$0.19
Distribution yield8.60%Sourced distributions divided by dated market priceReported annual income yield0.49%Reported net investment income $0.1400 per share for 2024-12-01 to 2025-11-30, divided by approved 2025-11-28 market price $28.8300. Excludes capital gains; historical, not a current yield or forecast.Reported annual investment income$0.14Per share for 2025 FY. Excludes investment gains.Trailing 12-month distributions$2.50Recorded recurring payments per share, not a forecast
Dividend payment history
Date or month
Per share
Dec 26, 2025
$0.1656
Dec 26, 2025
$2.3373 (Special)
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
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.
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 QVOY income
The ETF receives income from its holdings and pays its own expenses. Its income is not the same as the underlying companies' reported earnings.
Follow the income received, cash paid and portfolio value together. Look through to concentration, underlying fund costs and credit exposure.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. The ETF receives income from its holdings and pays its own expenses. Its income is not the same as the underlying companies' reported earnings.
Fund net investment income per common share; actual reporting period, not annualized$0.1900
Total cash distributions in the same period$2.5100
$0.00$2.60
For the six months ended May 31, 2026, QVOY reported $0.19 of net investment income and $2.51 of distributions per share. Net asset value rose from $28.84 to $31.17. The large cash payment cannot be assessed from ordinary income alone; realized results and the stronger ending value give needed context.
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.
Q3 All-Season Active Rotation ETF reported $0.1900 per share for 2025-12-01 to 2026-05-31, 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.
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.
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.
Read the next like-length allocation and realized results with distributions and net asset value, without treating a gain-driven payment as a fixed income rate.
Net asset value (NAV)
NAV per share$28.19Sep 29, 2026Market price$28.20Sep 29, 2026PREMIUM / DISCOUNT TO NAV0.04% 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.
Fund reported NAV and market price, both dated 2026-09-29. The premium or discount is calculated from these two reported values. Older audited NAV history remains unchanged.
Read the next like-length allocation and realized results with distributions and net asset value, without treating a gain-driven payment as a fixed income rate.
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U.S. federal · Tax year 2025
Dividend tax treatment
QVOY's December 2025 payment is shown as ordinary income in the fund's SEC reporting. Most of it came from short-term gains, which fall in the ordinary-income tax category.
This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.
Total ordinary dividends
100%
Qualified dividends
Not confirmed
Capital-gain distributions
0%
Return of capital
0%
Tax year: 2025. Total distributions: $2.50 per share.
Tax details and source
Total ordinary dividends (includes qualified)
100%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2026-08-03
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
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.
