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MSTB ETF — LHA Market State Tactical Beta ETF
LHA Market State Tactical Beta ETF (MSTB)
Updated October 16, 2026.
Verdict as of October 16, 2026
MSTB's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). It pays annual and its distribution rate is 0.37%. The latest total cash payment per current share, $0.164 with an ex-date of December 30, 2025, was 47.9% lower than the previous $0.315. These payments are unclassified; this does not establish a base-dividend change.
Sources: Little Harbor Advisors, Section 19a-1 notices, scoring methodology.
MSTB is an ETF. its distribution rate is 0.37%, its trailing-12-month yield is 0.37%, its expense ratio is 1.38%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 87.3% over the past 6 years, 59.8 points behind SPY at 147.1%.
LHA Market State Tactical Beta ETF is an actively-managed equity ETF that seeks to track the S&P 500 Index while adjusting its daily exposure based on statistical analysis of the VIX Index volatility indicator. The fund maintains a baseline S&P 500 exposure of approximately 100% and modifies this position using an analytical method designed to estimate S&P 500 direction. It carries a modest current distribution rate paid annually and has an expense ratio of 1.38%, making it suitable for investors seeking tactical equity exposure with active volatility-based positioning.
MSTB dividend yield and income
Price as of 2026-10-16.
The distribution rate (0.37%) uses calculation basis unavailable. Trailing-12-month yield (0.37%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.164. The ex-dividend date is 12/30/2025. The payment date is 12/31/2025.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2025-12-30 | $0.164 | -47.9% Unclassified cash |
| 2024-12-31 | $0.315 | 570.2% Unclassified cash |
| 2023-12-14 | $0.047 | -85.7% Unclassified cash |
| 2022-12-15 | $0.329 | -53.6% Unclassified cash |
| 2021-12-15 | $0.709 | 47.7% Unclassified cash |
| 2020-12-30 | $0.48 | — |
| 2020 total (partial launch year) | $0.48 | — |
| 2021 total | $0.709 | — |
| 2022 total | $0.329 | -53.6% |
| 2023 total | $0.047 | -85.7% |
| 2024 total | $0.315 | 570.2% |
| 2025 total | $0.164 | -47.9% |
MSTB dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -47.9%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | -47.9% |
| 3Y | -50.2% |
MSTB holdings and sector exposure
Holdings are not available for this snapshot.
MSTB performance versus SPY
Price and return data through 2026-10-16.
Total return is 87.3% over the past 6 years, 59.8 points behind SPY at 147.1%. Over the past year its total return — price change plus distributions reinvested — is 10.5%. Its deepest 1-year drawdown was 8.3%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 2.0% | — |
| 3M | 2.3% | — |
| 6M | 7.5% | — |
| YTD | 10.3% | — |
| 1Y | 10.5% | — |
| 2Y CAGR | — | 14.00% |
| 3Y CAGR | — | 19.20% |
| 5Y CAGR | — | 8.30% |
| Since inception (6 years) | 87.3% | 11.00% |
MSTB key facts
- Distribution Safety Score™
- 50 · Unproven
- Issuer
- Little Harbor Advisors
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/29/2020
- Expense ratio
- 1.38%
- Distribution rate
- 0.37%
- Distribution frequency
- Annual
- Trailing yield
- 0.37%
- Last close
- $44.04 (as of 2026-10-16)
- AUM
- $202,168,808
- Average volume
- 1405.0
- Dividend
- $0.164
- Ex-dividend date
- 12/30/2025
- Payment date
- 12/31/2025
- Beta
- 0.92
How Dividend Vision calculates yield and returns
Distribution rate (0.37%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.37%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Little Harbor Advisors; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
MSTB risks and drawbacks
MSTB's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 8.3%.
Who may consider MSTB — and who may not
It is a weaker fit for investors who need monthly cash flow (MSTB pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on MSTB
Frequently asked questions
Does MSTB pay monthly?
No. MSTB currently pays annual, not monthly.
What is MSTB's expense ratio?
MSTB's expense ratio is 1.38%.
What is MSTB's dividend yield?
MSTB's distribution rate is 0.37%, paid annual, with a 1.38% expense ratio — calculation basis unavailable.
How has MSTB's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -47.9%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does MSTB pay a dividend?
MSTB pays annual. The dividend amount is $0.164. The ex-dividend date is 12/30/2025. The payment date is 12/31/2025.
How has MSTB performed?
Total return is 87.3% over the past 6 years, 59.8 points behind SPY at 147.1%. Over the past year its total return — price change plus distributions reinvested — is 10.5%. Its deepest 1-year drawdown was 8.3%.
Is MSTB a good investment?
MSTB's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Its distribution rate is 0.37% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Little Harbor Advisors.
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Holdings as-of date unavailable.
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