MUSQ vs. FPXI ETF Comparison

Comparison of MUSQ Global Music Industry ETF (MUSQ) to First Trust International IPO ETF (FPXI)

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 ^*

* may have additional holdings in another (foreign) market

FPXI

First Trust International IPO ETF

FPXI Description

The investment seeks investment results that correspond generally to the price andyield (before the fund's fees and expenses) of an index called the IPOXInternational Index. The fund will normally invest at least 90% of its net assets (plus the amount ofany borrowings for investment purposes) in common stocks and/or depositaryreceipts that comprise the index. The index is a market-cap weightedportfolio measuring the performance of the top 50 non-U.S. companies, includingcompanies domiciled in emerging markets, ranked quarterly by marketcapitalization in the IPOX(R) Global Composite Index (the "Base Index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$48.78

Average Daily Volume

7,755

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MUSQ	FPXI
30 Days	1.27%	1.27%
60 Days	0.07%	0.53%
90 Days	1.75%	9.82%
12 Months	2.37%	29.77%

1 Overlapping Holdings

	Symbol	Grade	Weight in MUSQ	Weight in FPXI	Overlap
	SPOT	A	3.97%	5.28%	3.97%

MUSQ Overweight 15 Positions Relative to FPXI

Symbol	Grade	Weight
GOOGL	A	5.23%
AMZN	A	5.01%
AAPL	C	4.78%
SONY	D	4.64%
IHRT	A	3.49%
LYV	A	3.36%
EDR	A	3.13%
TME	D	3.09%
WMG	A	3.07%
DLB	B	3.06%
SONO	C	3.02%
TSQ	F	2.99%
MSGE	C	2.86%
RSVR	B	1.37%
MDIA	F	0.15%

MUSQ Underweight 12 Positions Relative to FPXI

Symbol	Grade	Weight
ARM	B	-7.0%
MNDY	A	-5.18%
NU	C	-4.46%
GEN	A	-3.32%
SN	C	-2.82%
NVO	F	-2.37%
ONON	D	-1.9%
CPNG	B	-1.6%
RBA	A	-1.54%
TCOM	A	-1.5%
TEVA	A	-1.03%
VIST	B	-0.29%