MUSQ vs. PCCE ETF Comparison

Comparison of MUSQ Global Music Industry ETF (MUSQ) to Polen Capital China Growth ETF (PCCE)

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 ^*

16

* may have additional holdings in another (foreign) market

PCCE

Polen Capital China Growth ETF

PCCE Description

PCCE aims to deliver sustainable, above-average earnings growth and long-term stock price appreciation within the Chinese equity market. The strategy is rooted in fundamental research, selecting 25-40 Chinese growth companies with a sustainable edge, such as consistent earnings growth, robust balance sheets, and shareholder-oriented management teams. Such companies are selected within industries characterized by high barriers to entry, such as those requiring substantial capital investment, government approvals, or significant intellectual property. Moreover, it integrates ESG factors into the investment process. While the fund may concentrate investments in the consumer discretionary and financial sectors, it avoids over-concentration in any one industry. Investments are typically held for the long term but are subject to periodic review and potential sale based on changing market conditions, company performance, or perceived threats to competitive advantage.

Grade (RS Rating)

Last Trade

$11.58

Average Daily Volume

2,542

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

Performance

Period	MUSQ	PCCE
30 Days	1.27%	-13.67%
60 Days	0.07%	19.71%
90 Days	1.75%	20.23%
12 Months	2.37%

1 Overlapping Holdings

	Symbol	Grade	Weight in MUSQ	Weight in PCCE	Overlap
	TME	D	2.07%	3.76%	2.07%

MUSQ Overweight 15 Positions Relative to PCCE

	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%
	EDR	A	2.71%
	WMG	A	2.55%
	MSGE	C	2.47%
	DLB	B	2.32%
	SONO	C	2.26%
	RSVR	B	2.23%
	TSQ	F	2.2%
	SIRI	C	1.92%
	MDIA	F	0.74%

MUSQ Underweight 1 Positions Relative to PCCE

	Symbol	Grade	Weight
	TCOM	A	-6.42%

MUSQ: Top Represented Industries & Keywords

Industries: Entertainment Consumer Electronics Internet Content & Information Broadcasting - Radio Media - Diversified Broadcasting Specialty Retail

Keywords: Nasdaq 100 Operating System S&P 500 Consumer Electronics Mobile Devices Advertising Services Audio Systems Broadcasting Computing Dow Jones Component Entertainment Hyperscale Information And Communications Technology Laptop Computer Music Music Services Online Retail Playlist Record Labels Smart Speakers

PCCE: Top Represented Industries & Keywords

Industries: Internet Content & Information Leisure

Keywords: Advertising Services Airline Tickets Corporate Travel Management Entertainment Services Karaoke Microphone Music Services Nasdaq 100 Property Management Smart Device Smart Speakers Tencent Ticketing Services Travel Management Travel Related Services Website