MUSQ vs. MARB ETF Comparison

Comparison of MUSQ Global Music Industry ETF (MUSQ) to First Trust Merger Arbitrage ETF (MARB)

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

$23.57

Average Daily Volume

1,534

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MARB

First Trust Merger Arbitrage ETF

MARB Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.

Grade (RS Rating)

Last Trade

$19.73

Average Daily Volume

6,600

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MUSQ	MARB
30 Days	1.27%	-0.59%
60 Days	0.07%	-1.96%
90 Days	1.75%	-1.22%
12 Months	2.37%	-0.85%

1 Overlapping Holdings

	Symbol	Grade	Weight in MUSQ	Weight in MARB	Overlap
	EDR	A	2.71%	4.84%	2.71%

MUSQ Overweight 15 Positions Relative to MARB

Symbol	Grade	Weight
AAPL	C	5.28%
AMZN	A	5.24%
GOOGL	A	4.6%
SONY	D	4.08%
SPOT	A	4.04%
LYV	A	3.34%
WMG	A	2.55%
MSGE	C	2.47%
DLB	B	2.32%
SONO	C	2.26%
RSVR	B	2.23%
TSQ	F	2.2%
TME	D	2.07%
SIRI	C	1.92%
MDIA	F	0.74%

MUSQ Underweight 27 Positions Relative to MARB

Symbol	Grade	Weight
HTLF	A	-6.5%
HCP	A	-5.53%
AMED	C	-4.85%
ACI	C	-4.65%
AXNX	A	-4.15%
JNPR	A	-3.68%
DFS	A	-3.6%
ANSS	C	-3.44%
CTLT	D	-3.16%
VZIO	C	-3.04%
HES	B	-2.9%
SRCL	A	-2.61%
CHX	F	-2.45%
MGRC	A	-2.31%
SRDX	D	-2.25%
IBTX	B	-1.92%
MRO	C	-1.81%
CPRI	F	-1.71%
EQT	C	--0.07%
WSC	F	--0.96%
COP	D	--1.83%
SNPS	B	--1.89%
SSB	B	--1.92%
CVX	A	--3.31%
SLB	F	--3.7%
COF	A	--4.03%
UMBF	A	--6.72%