MUSQ vs. SAEF ETF Comparison

Comparison of MUSQ Global Music Industry ETF (MUSQ) to Schwab Ariel ESG ETF (SAEF)

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

SAEF

Schwab Ariel ESG ETF

SAEF Description

Schwab Ariel ESG ETF is an exchange traded fund launched and managed by Charles Schwab Investment Management, Inc. The fund is co-managed by Ariel Investments, LLC. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of diverse market cap companies, within the market capitalization range of the Russell 2500 Index. The fund 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. It employs proprietary research to create its portfolio. Schwab Ariel ESG ETF was formed on November 16, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$26.69

Average Daily Volume

2,194

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MUSQ	SAEF
30 Days	1.27%	1.84%
60 Days	0.07%	2.14%
90 Days	1.75%	9.35%
12 Months	2.37%	38.53%

1 Overlapping Holdings

	Symbol	Grade	Weight in MUSQ	Weight in SAEF	Overlap
	MSGE	C	2.47%	0.97%	0.97%

MUSQ Overweight 15 Positions Relative to SAEF

Symbol	Grade	Weight
AAPL	C	5.28%
AMZN	A	5.24%
GOOGL	A	4.6%
SONY	D	4.08%
SPOT	A	4.04%
LYV	A	3.34%
EDR	A	2.71%
WMG	A	2.55%
DLB	B	2.32%
SONO	C	2.26%
RSVR	B	2.23%
TSQ	F	2.2%
TME	D	2.07%
SIRI	C	1.92%
MDIA	F	0.74%

MUSQ Underweight 57 Positions Relative to SAEF

Symbol	Grade	Weight
OSW	A	-4.31%
BCO	D	-3.61%
LIND	D	-3.51%
NCLH	A	-3.48%
FI	A	-3.15%
NVT	D	-3.04%
KKR	B	-2.85%
GS	B	-2.5%
ZBRA	A	-2.43%
REZI	C	-2.32%
FICO	B	-2.29%
GNRC	A	-2.24%
PBH	A	-2.18%
NTRS	B	-2.17%
FAF	D	-2.05%
GNTX	B	-1.97%
CRL	F	-1.93%
JLL	B	-1.93%
MTB	B	-1.83%
CBRE	A	-1.77%
LFUS	D	-1.69%
MSI	B	-1.64%
KN	C	-1.63%
KMT	B	-1.61%
KEYS	C	-1.59%
MAT	A	-1.57%
ATGE	A	-1.56%
AXTA	A	-1.48%
ADTN	B	-1.45%
ZBH	C	-1.41%
ST	F	-1.41%
MANU	B	-1.39%
MSGS	A	-1.27%
AFL	D	-1.27%
LH	A	-1.25%
IPG	F	-1.25%
DNB	B	-1.2%
SNA	A	-1.2%
SSD	F	-1.19%
MAS	D	-1.15%
BRC	D	-1.11%
BWA	D	-1.08%
MIDD	F	-1.06%
KMX	F	-1.04%
PGR	D	-0.99%
PDCO	F	-0.99%
KFY	C	-0.96%
HCKT	D	-0.94%
LESL	F	-0.94%
BIO	A	-0.93%
REYN	F	-0.91%
MHK	D	-0.83%
SJM	F	-0.75%
SRCL	A	-0.75%
PARA	C	-0.61%
NVST	A	-0.53%
PHIN	C	-0.26%