MUSQ vs. UDI ETF Comparison

Comparison of MUSQ Global Music Industry ETF (MUSQ) to USCF Dividend Income Fund (UDI)

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

UDI

USCF Dividend Income Fund

UDI Description

USCF ESG Dividend Income Fund is an exchange traded fund launched and managed by USCF Advisers LLC. It is co-managed by Miller/Howard Investments, Inc. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. The fund does not invest in stocks of companies operating across tobacco, firearms, controversial weapons, human rights violations or environmental abuses sectors. USCF ESG Dividend Income Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$31.04

Average Daily Volume

4,405

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MUSQ	UDI
30 Days	1.59%	3.03%
60 Days	6.19%	4.26%
90 Days	1.42%	6.36%
12 Months	-0.05%	29.85%

0 Overlapping Holdings

	Symbol	Grade	Weight in MUSQ	Weight in UDI	Overlap

MUSQ Overweight 15 Positions Relative to UDI

Symbol	Grade	Weight
AMZN	C	5.56%
GOOGL	C	5.31%
SPOT	B	4.87%
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%
TME	D	2.96%
MSGE	F	2.75%
RSVR	A	1.41%

MUSQ Underweight 31 Positions Relative to UDI

Symbol	Grade	Weight
JEF	A	-5.31%
GS	A	-4.9%
GILD	C	-4.57%
ORI	A	-4.43%
PAYX	C	-4.4%
JPM	A	-4.33%
BK	A	-4.28%
JNJ	D	-4.09%
KO	D	-3.86%
CSCO	B	-3.7%
MDT	D	-3.65%
ABBV	D	-3.47%
CMCSA	B	-3.41%
EWBC	A	-3.31%
HST	C	-2.6%
LAMR	D	-2.58%
ASB	B	-2.57%
IPG	D	-2.54%
BAC	A	-2.51%
CME	A	-2.35%
TXN	C	-2.26%
USB	A	-2.23%
RHI	B	-2.02%
STAG	F	-1.8%
MRK	F	-1.8%
GSK	F	-1.71%
OMC	C	-1.69%
TGT	F	-1.56%
CAG	D	-1.56%
RDN	C	-1.43%
SON	D	-1.4%