MISL vs. MUSQ ETF Comparison

Comparison of First Trust Indxx Aerospace & Defense ETF (MISL) to MUSQ Global Music Industry ETF (MUSQ)

MISL

First Trust Indxx Aerospace & Defense ETF

MISL Description

The First Trust Indxx Aerospace & Defense ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx US Aerospace & Defense Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the Index.

Grade (RS Rating)

Last Trade

$31.98

Average Daily Volume

31,580

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MUSQ

MUSQ Global Music Industry ETF

MUSQ Description

The index is comprised of publicly-traded global companies that generate at least 50% of their annual revenue or $1 billion in annual sales from one or more of the sub-segments of the global music industry. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of Global Music Investments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.78

Average Daily Volume

1,557

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MISL	MUSQ
30 Days	-4.28%	2.41%
60 Days	0.98%	5.95%
90 Days	2.55%	2.66%
12 Months	32.62%	0.60%

0 Overlapping Holdings

	Symbol	Grade	Weight in MISL	Weight in MUSQ	Overlap

MISL Overweight 32 Positions Relative to MUSQ

Symbol	Grade	Weight
GD	D	7.96%
RTX	D	7.82%
BA	D	7.46%
TDG	D	7.35%
LMT	D	7.27%
HWM	A	4.44%
HEI	A	4.26%
LHX	B	4.11%
LDOS	C	4.09%
TXT	D	3.99%
NOC	D	3.86%
CW	B	3.83%
CACI	D	3.04%
PSN	D	2.95%
WWD	B	2.86%
RKLB	B	2.39%
KBR	F	2.22%
HII	F	2.12%
NPAB	F	2.1%
MOG.A	B	1.93%
SAIC	F	1.73%
AVAV	C	1.59%
HXL	F	1.36%
KTOS	C	1.06%
SPR	D	0.98%
AIR	B	0.67%
MRCY	C	0.67%
TGI	A	0.38%
LUNR	B	0.36%
DCO	B	0.28%
ATRO	D	0.16%
NPK	C	0.15%

MISL Underweight 15 Positions Relative to MUSQ

Symbol	Grade	Weight
AMZN	B	-5.56%
GOOGL	B	-5.31%
SPOT	A	-4.87%
SONY	B	-4.82%
AAPL	C	-4.79%
IHRT	C	-4.05%
LYV	A	-3.75%
SONO	C	-3.25%
WMG	B	-3.24%
EDR	A	-3.1%
DLB	B	-3.09%
TSQ	F	-3.05%
TME	D	-2.96%
MSGE	F	-2.75%
RSVR	A	-1.41%