MSTB Performance — LHA Market State Tactical Beta ETF
Data updated: 2026-08-27
MSTB returned +7.57% year to date and +15.69% over one year to Jun 2026. Annualised returns are +16.84% over 3 years and +8.07% over 5 years. Against its US Large Blend category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $159, against $157 for the category, and to $116 over one year, against $118. Volatility over the past three years was 12.67% a year. In the 12 months to Jun 2026 the fund took in a net $19.3M, and assets reached $196.23M.
MSTB Growth of $100
What $100 invested in LHA Market State Tactical Beta ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | MSTB | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $116 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $159 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $147 | $161 |
| Since data start (Sep 2020 – Jun 2026) | $184 | $198 |
MSTB Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.57% |
| 1 year | +15.69% |
| 3 years (annualised) | +16.84% |
| 5 years (annualised) | +8.07% |
MSTB Annual Returns
Calendar-year total returns of LHA Market State Tactical Beta ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +7.57% |
| 2025 | +18.27% |
| 2024 | +18.39% |
| 2023 | +16.73% |
| 2022 | −22.09% |
| 2021 | +22.27% |
| 2020 (Sep–Dec) | +9.64% |
MSTB Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | −0.3% | −4.4% | +9.3% | +4.0% | −1.4% | — | — | — | — | — | — |
| 2025 | +2.3% | −0.8% | −5.5% | +4.9% | +5.1% | +4.0% | +2.1% | +1.1% | +3.6% | +2.5% | −1.8% | 0.0% |
| 2024 | +1.1% | +5.1% | +3.2% | −5.2% | +4.5% | +3.6% | +1.7% | +2.1% | +0.7% | −1.3% | +4.7% | −2.6% |
| 2023 | +4.7% | −2.9% | +3.1% | 0.0% | +0.2% | +4.9% | +3.1% | −2.8% | −4.3% | −3.1% | +8.6% | +4.9% |
| 2022 | −6.5% | −2.6% | +3.1% | −8.4% | −1.5% | −8.5% | +7.5% | −3.7% | −6.6% | +5.8% | +4.6% | −6.1% |
| 2021 | +0.6% | +3.1% | +2.7% | +5.5% | −1.0% | +2.0% | +1.9% | +3.0% | −5.8% | +5.7% | −0.9% | +3.9% |
| 2020 | — | — | — | — | — | — | — | — | 0.0% | −1.9% | +8.2% | +3.3% |
MSTB Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 12.67%
- 3-year Sharpe ratio: 0.97 (vs 4.5% risk-free rate)
- Best month: +9.32% (Apr 2026)
- Worst month: −5.51% (Mar 2025)
MSTB Fund Flows
Monthly money in and out of LHA Market State Tactical Beta ETF, from SEC Form N-PORT.
- 12-month net flow: $19.3M
- 12-month gross sales (incl. reinvestments): $37.3M
- Sales ÷ redemptions: 2.07×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.2M | $0 | $2.2M |
| May 2026 | $0 | $0 | $0 |
| Apr 2026 | $0 | $0 | $0 |
| Mar 2026 | $0 | $995K | −$995K |
| Feb 2026 | $7.1M | $4.0M | $3.0M |
| Jan 2026 | $0 | $0 | $0 |
| Dec 2025 | $3.0M | $0 | $3.0M |
| Nov 2025 | $2.0M | $0 | $2.0M |
| Oct 2025 | $0 | $12.0M | −$12.0M |
| Sep 2025 | $22.1M | $0 | $22.1M |
| Aug 2025 | $942K | $960K | −$18K |
| Jul 2025 | $0 | $0 | $0 |
MSTB Assets Under Management
Net assets of LHA Market State Tactical Beta ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $196.23M |
| 2026-03-31 | $173.20M |
| 2025-12-31 | $178.41M |
| 2025-09-30 | $185.02M |
| 2025-06-30 | $151.69M |
| 2025-03-31 | $135.51M |
| 2024-12-31 | $145.56M |
| 2024-09-30 | $135.88M |
| 2024-06-30 | $133.27M |
| 2024-03-31 | $132.19M |
| 2023-12-31 | $121.23M |
| 2023-09-30 | $118.50M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.