# LHA Market State Tactical Beta ETF (MSTB): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mstb for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Little Harbor Advisors · Asset class: Equity - Strategy: Actively Managed · Inception: 2020-09-30 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. ## Key Facts | Metric | Value | |---|---| | Price | $43.98 | | Expense Ratio | 1.40% | | Assets Under Management | $199.8M | | NAV | $44.15 | | Holdings Count | 0 | | Distribution Yield (TTM) | 0.37% | | Annual Distribution (TTM) | $0.16 /share | | Distribution Frequency | Annual | | 52-Week Range | $37.38 – $45.54 | | Beta | 0.90 | ## Latest Distribution - Amount: $0.1638 /share - Ex-date: 2025-12-30 - Pay date: 2025-12-31 ## Frequently Asked Questions ### 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. ### Does MSTB pay a dividend? LHA Market State Tactical Beta ETF (MSTB) currently distributes little or no income. Trailing-twelve-month yield is 0.37%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MSTB pay dividends? LHA Market State Tactical Beta ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MSTB's dividend yield? MSTB's trailing-twelve-month yield is 0.37%, calculated from the sum of dividends over the past year divided by the current price. ### When is MSTB's next ex-dividend date? The most recently announced ex-dividend date for MSTB was 2025-12-30. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will MSTB's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.40% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MSTB charge its expense ratio? The expense ratio is deducted in tiny daily slices from MSTB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MSTB cost more than a fund like VOO? MSTB is actively managed (current expense ratio 1.40%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MSTB's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MSTB? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MSTB (1.40%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mstb - Distribution history: https://www.dividenddata.com/funds/mstb/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mstb/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mstb/expenses - Peer comparison: https://www.dividenddata.com/funds/mstb/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.