MUSQ vs. TIME ETF Comparison

Comparison of MUSQ Global Music Industry ETF (MUSQ) to Clockwise Capital Innovation ETF (TIME)

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

TIME

Clockwise Capital Innovation ETF

TIME Description

TIME actively invests in US companies that the adviser believes are best positioned to benefit from opportunities relating to 5G and cloud-based industries. The fund hold stocks from various industries, such as AI, cryptocurrency and digital payments, smart vehicles, preventative health, and remote surgery amongst others. Top-down analysis and a bottom-up approach are combined to determine stock selection. Companies meeting minimum financial thresholds based on fundamental factors are taken into consideration. From these, the adviser selects 10 - 20 stocks that they believe have a minimum 100% return target threshold over a 5-year investment period. The selected stocks are weighted using a 5% 20% conviction driven weighting. The fund may also employ a covered call strategy with respect to securities held in the portfolio. Prior to April 1, 2022, the fund traded under the ticker CWC. Before August 16, 2023, the fund traded under the name Clockwise Capital Innovation ETF.

Grade (RS Rating)

Last Trade

$27.44

Average Daily Volume

10,339

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MUSQ	TIME
30 Days	1.27%	0.81%
60 Days	0.07%	2.36%
90 Days	1.75%	9.71%
12 Months	2.37%	51.03%

3 Overlapping Holdings

Symbol	Grade	Weight in MUSQ	Weight in TIME	Overlap
AMZN	A	5.24%	4.16%	4.16%
GOOGL	A	4.6%	4.03%	4.03%
SPOT	A	4.04%	5.11%	4.04%

MUSQ Overweight 13 Positions Relative to TIME

Symbol	Grade	Weight
AAPL	C	5.28%
SONY	D	4.08%
LYV	A	3.34%
EDR	A	2.71%
WMG	A	2.55%
MSGE	C	2.47%
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 29 Positions Relative to TIME

Symbol	Grade	Weight
BIL	A	-6.57%
NVDA	B	-5.3%
HOOD	B	-4.8%
NFLX	A	-4.21%
META	B	-4.08%
VZ	D	-4.02%
MSFT	D	-3.99%
PG	D	-3.96%
UBER	C	-3.52%
AVGO	B	-3.43%
SMCI	F	-3.37%
MU	C	-3.28%
NOW	A	-3.1%
ECL	C	-3.07%
DELL	A	-2.97%
NEM	D	-2.95%
RKT	D	-2.93%
UPST	B	-2.51%
QID	D	-2.51%
GEV	A	-2.07%
NU	C	-1.97%
PLTR	B	-1.97%
NVT	D	-1.97%
SDS	D	-1.96%
RCL	B	-1.91%
AMT	D	-1.53%
SNPS	B	-1.05%
JPM	A	-1.03%
HUBS	B	-0.5%