LHA Market State Tactical Beta ETF

Frequently Asked Questions About MSTB

What does MSTB invest in?

This actively managed Exchange Traded Fund (ETF) principally invests in instruments tied, directly or indirectly, to the performance or volatility of the S&P 500 Index. Its investment strategy is guided by quantitative analyses intended to forecast the S&P 500's market direction. In typical market environments, the fund maintains a daily S&P 500 exposure of approximately 100%. This baseline is then dynamically adjusted by portfolio managers using a quantitative method that assesses the VIX Index's movements. The fund operates as a non-diversified entity.

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 $199.8M 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 actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MSTB's is 1.40%) in exchange for the discretion to over- or under-weight positions.

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.