NOEQ ETF — Northern Trust US Equity ETF

Northern Trust US Equity ETF (NOEQ)

Updated October 16, 2026.

NOEQ is a low-cost ETF. its distribution rate is 0.99%, its trailing-12-month yield is 0.41%, its expense ratio is 0.12%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 16.7% over the past 0.6 years, 0.3 points behind SPY at 17.0%.

Northern Trust US Equity ETF is an exchange-traded fund that invests at least 80% of its assets in equity securities of U.S. mid- and large-capitalization companies, with a non-diversified portfolio structure. The fund carries a low expense ratio of 0.12% and currently has a modest distribution rate; note that the latest distribution was special or one-time in nature and may not recur regularly. This ETF may appeal to equity investors seeking broad U.S. market exposure with minimal fees.

NOEQ performance versus SPY

Price and return data through 2026-10-16.

Total return is 16.7% over the past 0.6 years, 0.3 points behind SPY at 17.0%.

NOEQ key facts

Distribution Safety Score™

50 · Unproven

Issuer

Northern Trust

Asset type

ETF

Asset class

Equity

Inception date

03/20/2026

Expense ratio

0.12%

Distribution rate

0.99%

Distribution frequency

Quarterly

Trailing yield

0.41%

Last close

$29.41 (as of 2026-10-16)

AUM

$908,313,141

Average volume

6.0

Dividend

$0.073

Ex-dividend date

09/18/2026

Payment date

09/24/2026

Beta

0.8328

How Dividend Vision calculates yield and returns

Distribution rate (0.99%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.41%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Northern Trust; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NOEQ risks and drawbacks

NOEQ's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window.

Who may consider NOEQ — and who may not

NOEQ may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (NOEQ pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on NOEQ

• All tickers starting with N

Frequently asked questions

More securities from Northern Trust.