MUSQ vs. FPXE ETF Comparison

Comparison of MUSQ Global Music Industry ETF (MUSQ) to First Trust IPOX Europe Equity Opportunities ETF (FPXE)

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

FPXE

First Trust IPOX Europe Equity Opportunities ETF

FPXE Description

The First Trust IPOX® Europe Equity Opportunities ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the IPOX® 100 Europe Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned, developed, maintained and sponsored by IPOX® Schuster LLC (the "Index Provider").

Grade (RS Rating)

Last Trade

$26.24

Average Daily Volume

487

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MUSQ	FPXE
30 Days	1.59%	1.18%
60 Days	6.19%	-1.43%
90 Days	1.42%	-1.24%
12 Months	-0.05%	26.13%

1 Overlapping Holdings

	Symbol	Grade	Weight in MUSQ	Weight in FPXE	Overlap
	SPOT	B	4.87%	5.4%	4.87%

MUSQ Overweight 14 Positions Relative to FPXE

Symbol	Grade	Weight
AMZN	C	5.56%
GOOGL	C	5.31%
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 17 Positions Relative to FPXE

Symbol	Grade	Weight
ARM	D	-6.37%
MNDY	C	-4.13%
GEN	B	-4.12%
ONON	A	-3.91%
CLBT	B	-1.8%
TEVA	D	-0.88%
MRUS	F	-0.67%
CNTA	B	-0.65%
JHG	A	-0.63%
SPNT	A	-0.48%
BIRK	D	-0.39%
VRNA	B	-0.29%
IMTX	F	-0.27%
SRAD	A	-0.24%
GENI	C	-0.19%
OSW	A	-0.09%
DOLE	D	-0.07%