LHA Market State™ Shares
Risk-Responsive Growth Equity Investing
LHA Market State™ Tactical Q ETF (Ticker Symbol: MSTQ)
The LHA Market State™ Tactical Q ETF (Ticker Symbol: MSTQ) seeks long-term out-performance relative to the U.S. large-capitalization growth equity market.
- The ETF offers exposure to the U.S.-listed large capitalization, growth-oriented companies with a dynamic risk overlay.
- MSTQ aims to provide upside participation in U.S. large-capitalization growth equities, generally through investment in Nasdaq 100 ETF (Ticker Symbol: QQQ) or the Nasdaq 100 futures contracts. As volatility increases, the MSTQ aims to provide uncorrelated returns and decrease the impact of falling growth equity markets.
- Upside Participation: MSTQ seeks to provide “index-plus” returns in calm and rising U.S. large-capitalization growth equity markets.
- Downside Reinforcement: MSTQ seeks to preserve capital and provide uncorrelated returns in volatile conditions and falling U.S. growth equity markets.
| FUND DATA & PRICING | |||
|---|---|---|---|
| Net Assets as of 06/01/2023 | $5.63m | ||
| NAV | $25.04 | ||
| Shares Outstanding | 225,000 | ||
| Premium/discount Percentage | -0.06% | ||
| Closing Price | $25.02 | ||
| 30 Day Median Spread | 0.38% | ||
Data as of 06/01/2023
30 Day Median Bid Ask is a calculation of Fund's median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values
| PERFORMANCE | Quarter end returns as of 03/31/2023 | |||
|---|---|---|---|---|
| AVG. ANNUALIZED | ||||
| Quarter | 1 Year | 3 Year | Since Inception | |
| Fund NAV | 17.33 | -15.78 | xxxx | -6.06 |
| Fund Market | 17.73 | -15.97 | xxxx | -6.05 |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (781) 639-3000 (ext.147). Please note that performance shown for periods that are less than one year are not annualized.
Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.
| DISTRIBUTION DETAIL | ||||
|---|---|---|---|---|
| EX- Date | Record Date | Payable Date | Amount | |
| 12/15/2022 | 12/16/2022 | 12/19/2022 | $0.00 per share | |
| TOP HOLDINGS: June 01st | ||||
|---|---|---|---|---|
| Percentage of Net Assets | Name | Identifier | Shares Held | Market Value |
| 51.38% | NASDAQ 100 E-MINI Jun23 | NQM3 Index | 10 | 2,894,450.00 |
| 43.06% | INVESCO QQQ TR UNIT SER 1 | QQQ | 6,891 | 2,425,700.91 |
| 25.32% | UNITED STATES TREAS BILLS 12/28/2023 | 912796ZN2 | 1,465,000 | 1,426,524.88 |
| 19.22% | Cash & Other | Cash&Other | 1,082,857 | 1,082,857.40 |
| 12.50% | UNITED STATES TREAS BILLS 02/22/2024 | 912796Z28 | 730,000 | 704,341.00 |
| -0.08% | INVESCO CLL OPT 06/23 372 | QQQ 230630C00372000 | -36 | -4,446.00 |
Data as of 06/02/2023. Holdings are subject to change and should not be considered recommendations to buy or sell any security.
Download Full Holdings