BSMC vs. MUSQ ETF Comparison

Comparison of Brandes U.S. Small-Mid Cap Value ETF (BSMC) to MUSQ Global Music Industry ETF (MUSQ)

BSMC

Brandes U.S. Small-Mid Cap Value ETF

BSMC Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies with small- and mid-market capitalizations (market value of publicly traded equity securities).

Grade (RS Rating)

Last Trade

$31.13

Average Daily Volume

9,102

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$23.93

Average Daily Volume

1,557

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BSMC	MUSQ
30 Days	0.80%	2.41%
60 Days	0.71%	5.95%
90 Days	3.20%	2.66%
12 Months	21.32%	0.60%

0 Overlapping Holdings

	Symbol	Grade	Weight in BSMC	Weight in MUSQ	Overlap

BSMC Overweight 63 Positions Relative to MUSQ

Symbol	Grade	Weight
DOX	D	3.16%
NTGR	B	3.0%
PINC	B	2.77%
ERJ	B	2.6%
EPC	F	2.35%
TAP	C	2.16%
IPGP	D	2.13%
HCSG	C	2.08%
CFG	B	2.07%
DGX	A	2.07%
MD	C	1.96%
UNF	B	1.89%
NPK	C	1.84%
IPG	D	1.78%
IFF	D	1.74%
INGR	B	1.73%
TXT	D	1.73%
EQC	A	1.7%
KMT	C	1.66%
SXT	C	1.61%
OMF	A	1.6%
SEIC	B	1.58%
MOG.A	B	1.55%
FFIV	A	1.55%
GRFS	C	1.54%
PAHC	B	1.52%
IMKTA	C	1.51%
ELAN	D	1.49%
UTHR	C	1.42%
QRVO	F	1.29%
SHC	F	1.21%
FTRE	D	1.19%
SMG	C	1.19%
WTW	B	1.18%
STT	A	1.12%
WHR	B	1.11%
PBH	A	1.1%
ORI	A	1.1%
XRAY	D	1.09%
LEVI	F	1.06%
OGN	F	1.06%
PHG	C	1.05%
SCHL	F	1.03%
KNX	B	1.02%
WKC	C	0.99%
SON	D	0.98%
SEB	F	0.96%
LANC	D	0.92%
WMK	B	0.91%
ARLO	C	0.88%
WTM	A	0.88%
CPB	D	0.87%
AVT	C	0.86%
MCY	B	0.86%
CNA	C	0.83%
SEE	D	0.83%
ZBH	C	0.76%
SKX	F	0.74%
ARW	D	0.72%
HSIC	C	0.71%
KELYA	F	0.67%
LSTR	D	0.41%
HTLD	C	0.33%

BSMC Underweight 15 Positions Relative to MUSQ

Symbol	Grade	Weight
AMZN	B	-5.56%
GOOGL	B	-5.31%
SPOT	A	-4.87%
SONY	B	-4.82%
AAPL	C	-4.79%
IHRT	C	-4.05%
LYV	A	-3.75%
SONO	C	-3.25%
WMG	B	-3.24%
EDR	A	-3.1%
DLB	B	-3.09%
TSQ	F	-3.05%
TME	D	-2.96%
MSGE	F	-2.75%
RSVR	A	-1.41%