LHA Market State Tactical Beta ETF (MSTB)

Assets	$180.05M
Expense Ratio	1.40%
PE Ratio	n/a
Shares Out	4.53M
Dividend (ttm)	$0.16
Dividend Yield	0.41%
Ex-Dividend Date	Dec 30, 2025
Payout Frequency	Annual
Payout Ratio	n/a

Volume	1,848
Open	39.81
Previous Close	39.79
Day's Range	39.63 - 39.82
52-Week Low	30.10
52-Week High	41.53
Beta	0.91
Holdings	11
Inception Date	Sep 30, 2020

About MSTB

Fund Home Page

The LHA Market State Tactical Beta ETF (MSTB) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that aims to outperform the large-cap US equity market by holding long exposure to the S&P 500 combined with a dynamic risk overlay. The risk overlay can go long or short equity and volatility through the use of derivatives. MSTB was launched on Sep 30, 2020 and is issued by Little Harbor Advisors.

• Asset Class: Equity
• Category: Equity Hedged
• Region: North America
• Stock Exchange: BATS
• Ticker Symbol: MSTB
• ETF Provider: Little Harbor Advisors

Top 10 Holdings

120.20% of assets

Name	Symbol	Weight
State Street® SPDR® S&P 500® ETF	n/a	81.16%
E-mini S&P 500 Future Mar 26	n/a	14.55%
United States Treasury Bills 0%	B.0 01.21.27	6.72%
First American Treasury Obligations Fund	FXFXX	3.77%
First American Government Obligations Fund	FGXXX	3.77%
CBOE VIX FUTURE Apr26	n/a	3.62%
United States Treasury Bills 0%	B.0 10.29.26	3.31%
Cboe Vix Future Mar26	n/a	1.85%
US DOLLARS	n/a	0.83%
OTHER ASSETS AND LIABILITIES	n/a	0.62%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.1638	Dec 31, 2025
Dec 31, 2024	$0.31506	Jan 2, 2025
Dec 14, 2023	$0.04682	Dec 18, 2023
Dec 15, 2022	$0.32945	Dec 19, 2022
Dec 15, 2021	$0.70936	Dec 17, 2021
Dec 30, 2020	$0.48019	Jan 4, 2021

Performance

MSTB had a total return of 21.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.18%.