MSTB LHA Market State Tactical Beta ETF
Quote as of Aug 26, 2026 19:59 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 43.92 | Day Range | 43.91 – 44.10 |
| 52-Week Range | 37.38 – 45.54 | Volume | 5.25K |
| Avg Volume | 8.50K | AUM | $178.8M (Aug 27, 2026) |
| Expense Ratio | 1.40% | Yield (TTM) | 0.37% |
| NAV | 44.17 | Premium/Discount | -0.28% indicative |
| Inception | Sep 30, 2020 | Holdings | — |
| Issuer | Little Harbor Advisors | Exchange | CBOE |
| Category | Active | Index Tracked | S&P 500 |
| CUSIP | 26922B105 | ISIN | US26922B1052 |
| Management | Actively managed (per issuer description) | ||
About this ETF
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.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +3.85% | +1.69% | +9.42% | +10.02% | +14.70% | +17.39% | +6.72% | — | +9.90% |
| Total return | +3.85% | +1.69% | +9.42% | +10.02% | +15.15% | +17.97% | +7.80% | — | +11.17% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 1.40% | Annual cost of a $10,000 investment | $140.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 9 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | State Street SPDR S&P 500 ETF Trust | SPY | 66.26% | 213.09K | $163.2M |
| 2 | S&P500 EMINI FUT Sep26 | — | 19.68% | 126 | $48.5M |
| 3 | United States Treasury Bill 01/21/2027 | — | 4.93% | 12.35M | $12.2M |
| 4 | First American Treasury Obligations Fund… | — | 2.87% | 7.08M | $7.1M |
| 5 | First American Government Obligations Fund… | — | 2.87% | 7.08M | $7.1M |
| 6 | United States Treasury Bill 10/29/2026 | — | 2.43% | 6.03M | $6.0M |
| 7 | Cash & Other | — | 0.95% | 2.35M | $2.3M |
| 8 | SPXW US 08/21/26 C7675 | — | 0.00% | 15 | $600.00 |
| 9 | SPXW US 08/21/26 C7690 | — | 0.00% | -15 | -$37.50 |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 0.37% | Paid (last 12 months) | $0.1638 |
| Frequency | Annual | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Dec 30, 2025 | Last payment | $0.1638 (Dec 31, 2025) |
| Growth 1Y | -49.22% | Growth 3Y / 5Y (ann.) | -20.74% / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 30, 2025 | Dec 30, 2025 | Dec 31, 2025 | $0.1638 |
| Dec 31, 2024 | Dec 31, 2024 | Jan 02, 2025 | $0.3226 |
| Dec 14, 2023 | Dec 15, 2023 | Dec 18, 2023 | $0.0468 |
| Dec 15, 2022 | Dec 16, 2022 | Dec 19, 2022 | $0.3290 |
| Dec 15, 2021 | Dec 16, 2021 | Dec 17, 2021 | $0.7090 |
| Dec 30, 2020 | Dec 31, 2020 | Jan 04, 2021 | $0.4800 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 11.24% / 12.09% | Sharpe 1Y / 3Y | 1.09 / 1.26 |
| Max drawdown 1Y / 3Y | -8.33% / -10.79% | Sortino 1Y | 1.57 |
| Beta vs S&P 500 (3Y) | 0.635 | Correlation vs S&P 500 (1Y) | 0.943 |
| Downside deviation 1Y | 7.78% | Risk-free rate used | 3.72% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →
Liquidity
| Volume today | 5.25K | Average volume | 8.50K |
| AUM | $178.8M | Premium/Discount | -0.28% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $0.00 | 0.00% | $178.8M → $178.8M |
| 1 Week | $810.9K | +0.45% | $178.8M → $178.8M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for MSTB
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.