- What does MSTB invest in?
- The fund is an actively-managed ETF and seeks to achieve its objective principally by investing in instruments linked directly or indirectly to the performance and/or volatility of the S&P 500 Index based on quantitative analyses that seek to estimate the direction of the S&P 500. Under normal market conditions, the fund’s baseline exposure each day to the S&P 500 is approximately 100%, which the fund’s portfolio managers then adjust based on a quantitative method of analysis evaluating the movement of the VIX Index. The fund is non-diversified.
- What is the expense ratio of MSTB?
- LHA Market State Tactical Beta ETF (MSTB) charges an expense ratio of 1.40%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is MSTB?
- LHA Market State Tactical Beta ETF (MSTB) manages $178.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is MSTB actively managed or an index fund?
- MSTB is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (MSTB's is 1.40%) because there's no security selection cost.
- When was MSTB launched?
- LHA Market State Tactical Beta ETF (MSTB) launched in September 2020 and is managed by Little Harbor Advisors.
- How has MSTB performed?
- MSTB's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
