MUSQ vs. FDNI ETF Comparison

Comparison of MUSQ Global Music Industry ETF (MUSQ) to First Trust Dow Jones International Internet ETF (FDNI)

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

$23.99

Average Daily Volume

1,596

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDNI

First Trust Dow Jones International Internet ETF

FDNI Description

The investment seeks the results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the Dow Jones International Internet Index (the “index”). The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is developed, maintained and sponsored by S&P Dow Jones Indices LLC and is designed to measure the performance of securities of non-U.S. issuers whose primary business focus is Internet-related. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.06

Average Daily Volume

7,618

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MUSQ	FDNI
30 Days	1.59%	-0.30%
60 Days	6.19%	8.38%
90 Days	1.42%	12.04%
12 Months	-0.05%	27.14%

2 Overlapping Holdings

	Symbol	Grade	Weight in MUSQ	Weight in FDNI	Overlap
	SPOT	B	4.87%	5.98%	4.87%
	TME	D	2.96%	0.66%	0.66%

MUSQ Overweight 13 Positions Relative to FDNI

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

MUSQ Underweight 11 Positions Relative to FDNI

Symbol	Grade	Weight
SHOP	B	-10.91%
BABA	D	-8.71%
PDD	F	-7.29%
SE	B	-3.46%
CPNG	D	-2.69%
BIDU	F	-2.13%
XRX	F	-1.41%
WIX	B	-1.01%
VIPS	F	-0.43%
BZ	F	-0.39%
MBAVU	D	-0.33%