MUSQ vs. VLLU ETF Comparison

Comparison of MUSQ Global Music Industry ETF (MUSQ) to Harbor AlphaEdge Large Cap Value ETF (VLLU)

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

VLLU

Harbor AlphaEdge Large Cap Value ETF

VLLU Description

The fund employs an indexing investment approach designed to track the performance of the index, which is constructed by Harbor Capital Advisors, Inc. using a proprietary, rules-based methodology. The index consists of equity securities of U.S.-listed companies that exhibit attractive valuation along with positive fundamental and price characteristics according to the index Provider"s methodology. The fund invests at least 80% of its total assets in securities that are included in the index.

Grade (RS Rating)

Last Trade

$21.67

Average Daily Volume

159

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MUSQ	VLLU
30 Days	2.41%	3.66%
60 Days	5.95%	6.49%
90 Days	2.66%
12 Months	0.60%

0 Overlapping Holdings

	Symbol	Grade	Weight in MUSQ	Weight in VLLU	Overlap

MUSQ Overweight 15 Positions Relative to VLLU

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%

MUSQ Underweight 73 Positions Relative to VLLU

Symbol	Grade	Weight
EME	A	-3.29%
MO	A	-3.13%
CVX	A	-3.12%
JPM	B	-3.08%
AXP	B	-3.01%
HIG	A	-2.96%
XOM	A	-2.95%
BBY	D	-2.91%
BRK.A	B	-2.89%
T	A	-2.85%
DFS	B	-2.84%
HPQ	B	-2.82%
COR	B	-2.81%
SYY	D	-2.75%
CTSH	B	-2.49%
BAC	A	-2.45%
EOG	A	-2.45%
GILD	B	-2.34%
TGT	F	-2.34%
CMCSA	B	-2.06%
JXN	C	-2.03%
CI	D	-2.03%
LPX	B	-1.94%
VLO	C	-1.93%
KR	B	-1.9%
HRB	D	-1.73%
NRG	B	-1.54%
MLI	B	-1.52%
SYF	B	-1.5%
MPC	C	-1.44%
FLEX	A	-1.42%
PPC	B	-1.23%
UHS	D	-1.01%
THC	C	-0.95%
VZ	C	-0.95%
LOW	C	-0.94%
PGR	B	-0.84%
MATX	B	-0.81%
WFC	A	-0.6%
ACGL	D	-0.6%
CALM	A	-0.59%
LOPE	B	-0.58%
FTDR	A	-0.57%
CAH	B	-0.56%
GM	B	-0.55%
DIS	B	-0.55%
BK	B	-0.54%
GS	B	-0.54%
DXC	C	-0.54%
AMR	C	-0.53%
CB	D	-0.52%
TSN	B	-0.52%
COP	B	-0.52%
DBX	C	-0.51%
JBL	C	-0.5%
C	B	-0.5%
BJ	B	-0.49%
PFG	C	-0.49%
ELV	F	-0.49%
L	A	-0.49%
MMM	D	-0.49%
LEN	D	-0.48%
CAT	C	-0.48%
WSM	C	-0.47%
NNI	D	-0.46%
MTG	C	-0.46%
ADM	D	-0.45%
RNR	C	-0.45%
STNG	D	-0.45%
GIS	D	-0.45%
MMS	D	-0.44%
LDOS	C	-0.43%
NVR	D	-0.42%