MUSQ vs. SMCO ETF Comparison

Comparison of MUSQ Global Music Industry ETF (MUSQ) to Hilton Small-MidCap Opportunity ETF (SMCO)

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

$24.69

Average Daily Volume

1,722

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMCO

Hilton Small-MidCap Opportunity ETF

SMCO Description

The Sub-Adviser uses its proprietary Small & Mid Cap Opportunities investment process ("SMCO Process") to seek risk-adjusted returns by investing in U.S. equity securities within the small- and mid-cap asset classes. The fund"s portfolio will typically consist of between 50-75 stocks. The fund"s portfolio will consistently consist of stocks that the Sub-Adviser deems fundamentally attractive and reasonably valued. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in equity securities of small- and mid-capitalization companies.

Grade (RS Rating)

Last Trade

$23.59

Average Daily Volume

2,153

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MUSQ	SMCO
30 Days	0.89%	-0.88%
60 Days	-4.12%	1.97%
90 Days	-2.76%	0.53%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in MUSQ	Weight in SMCO	Overlap
	LYV	C	2.93%	2.03%	2.03%

MUSQ Overweight 6 Positions Relative to SMCO

Symbol	Grade	Weight
AAPL	A	5.81%
GOOGL	A	5.58%
AMZN	A	5.03%
SONY	C	4.07%
SPOT	B	3.61%
TME	B	3.57%

MUSQ Underweight 9 Positions Relative to SMCO

Symbol	Grade	Weight
DY	B	-3.02%
CLH	B	-2.95%
PRIM	D	-2.58%
KD	C	-2.41%
EME	D	-2.4%
NVT	D	-2.39%
HLI	A	-2.3%
BURL	B	-2.18%
RL	C	-2.03%

MUSQ: Top Represented Industries & Keywords

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