Key stats
About LHA Market State Tactical Q ETF
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Inception date
Mar 15, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Little Harbor Advisors LLC
Distributor
Quasar Distributors LLC
ISIN
US26922B7331
MSTQ defines the US large-cap growth equity space as the Nasdaq 100 Index. The funds baseline exposure each day is long 100%, via shares of Invesco NASDAQ 100 ETF (QQQ) or Index futures. Using various risk models, the portfolio managers adjust the baseline exposure by aiming to quantify the direction and magnitude of market volatility expectations. The models analyze aspects such as 30- and 90-day implied volatility indexes and VIX Index futures. Based on this information, the net portfolio exposure is expected to range between 80%-120%. Various strategies and products may be used to provide the chosen exposure, such as leverage and inverse ETFs, VIX options and futures, E-mini Nasdaq 100 futures contracts, and US Treasury securities. The fund aims to provide index plus returns during rising markets or calm volatility and preserve capital or uncorrelated returns during times of increased volatility. The strategy may result in frequent trading, resulting in high turnover.
Related funds
Classification
What's in the fund
Exposure type
ETF
Government
Mutual fund
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MSTQ assets under management is 30.18 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MSTQ invests in funds. See more details in our Analysis section.
MSTQ expense ratio is 1.59%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MSTQ isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, MSTQ pays dividends to its holders with the dividend yield of 0.90%.
MSTQ shares are issued by Little Harbor Advisors LLC
MSTQ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 15, 2022.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.