MUSQ Global Music Industry Index ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Jan 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About MUSQ
Undernormal market conditions, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes)in the securities comprising the Index. The Index is designed to track the performance of companies that are involved in the followingsub-segments of the global music industry (the “Global Music Industry”): (i) music streaming; (ii) music content and distribution;(iii) live music events/ticketing; and (iv) music equipment and technology (clauses (i) through (iv), collectively, the “GlobalMusic Companies”). Theprocess of constructing the Index begins with screening company financials and other publicly available financial data by a committeecomposed of representatives from VettaFi LLC (the “Index Provider”) and MUSQ, LLC (the “Index Sponsor”) to determinethe universe of eligible index components. The universe of eligible index components consists of publicly-traded global companies, publicly-tradedmusic funds and music royalty trusts. The companies are classified into one of the following categories: ●Pure Play - Companies that currently or may in the future derive greater than or equal to 50% of revenues from business activities associated with the Global Music Industry.●Diversified - Companies that currently or may in the future derive less than 50% of revenues from business activities associated with the Global Music Industry, but which derive significant revenues provided that:(i)such revenues represent more than 20% of the company’s total revenues and such revenues are independently reported in the company’s financial reports;(ii)applicable revenues are likely to have a material impact on the company’s overall share price performance;(iii)research and development investments in the industry are at the forefront of the company’s future initiatives; or(iv)the company’s applicable business is likely to have a significant impact on the industry as a whole. Oncethe eligible universe is identified, all components are screened for a minimum market capitalization or assets under management of atleast $100 million, a average daily traded value of at least $500,000, and a minimum free-float of 20%. At each rebalance, the Indexwill weight the Pure Play category of securities at 80% of the Index and the Diversified category of securities at 20% of the Index.The constituents of each category are weighted by free float market capitalization, subject to an individual weighting cap of 12% andminimum weight of 0.25%. As of August 1, 2025, the Index was comprised of 31 component securities. TheIndex consists of securities of issuers from around the world. Under normal market conditions, the Fund invests in at least three differentcountries and at least 40% (30% in unfavorable market conditions) of its assets in companies organized or located in countries outsidethe United States. There is no limitation on the amount of foreign securities that may be included in the Index, except that the totalexposure to emerging market countries will be limited to 20%. The Fund considers emerging market countries to be countries that are characterizedby developing commercial and financial infrastructure with significant potential for economic growth and increased capital market participationby non-U.S. investors. TheIndex is reconstituted and rebalanced on a quarterly basis in January, April, July, and October. The sum of all Index constituents over5% may not exceed 45% of the total Index. Index security weights are allowed to fluctuate in between rebalances, but, if at the timeof a rebalance, a security included in the Index exceeds 12%, the excess weight is redistributed equally among all other Index components. Inbetween rebalances, the Index may be adjusted to include initial public offerings (“IPOs”), investments that undergo a listingchange from an over-the-counter exchange to a regulated stock exchange, or Global Music Companies that undergo a change in business modelso long as such investments otherwise meet all the criteria to be included in the Index. At the time such extraordinary adjustments tothe Index’s composition are made, the Index will be reweighted in the manner described above. Deletions from the Index may be madeat any time due to changes in business, mergers, acquisitions, bankruptcies, suspensions, de-listings and spin-offs. The Index is unmanagedand cannot be invested in directly. TheFund employs a “passive management” investment strategy designed to track the performance of the Index. The Adviser generallywill use a replication methodology, meaning it will invest in all of the securities comprising the Index in proportion to their respectiveweightings in the Index. However, the Adviser may utilize a sampling methodology under various circumstances, including when it may notbe possible or practicable to purchase all of the securities in the Index. The Adviser expects that over time, if the Fund has sufficientassets, the correlation between the Fund’s performance, before fees and expenses, and that of the Index will be 95% or better.A figure of 100% would indicate perfect correlation. TheFund may invest up to 20% of its assets in investments that are not included in the Index, but that the Adviser believes will help theFund track the performance of the Index. TheFund will concentrate its investments (i.e., invest more than 25% of its total assets) in a particular industry or group of industriesto approximately the same extent that the Index concentrates in an industry or group of industries. As of August 1, 2025, the Fund wasconcentrated in the Entertainment Production Industry. In addition, in replicating the Index, the Fund may from time to time invest asignificant portion of its assets in the securities of companies in one or more sectors. As of August 1, 2025, a significant portionof the Fund consisted of companies in the Consumer Cyclicals Sector and Technology Sector. TheFund is classified as a “non-diversified” investment company under the Investment Company Act of 1940 (the “1940 Act”)and, therefore, may invest a greater percentage of its assets in a particular issuer than a diversified fund. TheIndex Sponsor, in consultation with the Index Provider, developed the methodology for determining the securities to be included in theIndex. A committee comprised of personnel from the Index Provider and Index Sponsor determines the composition of the Index in accordancewith its proprietary index methodology. The Index Provider is responsible for implementing the quarterly rebalance and reconstitutionand monitoring and implementing any adjustments, additions and deletions to the Index based on the index methodology and certain corporateactions, such as initial public offerings, mergers, acquisitions, bankruptcies, suspensions, de-listings, tender offers and spin-offs.The Index is calculated and published by the Index Provider. Neither the Index Sponsor or Index Provider is affiliated with each otheror with the Fund or the Adviser.
MUSQ News
- (MUSQ) and the Role of Price-Sensitive Allocations
- How Musq Global Music Industry Etf (MUSQ) Affects Rotational Strategy Timing
- (MUSQ) and the Role of Price-Sensitive Allocations
- RedChip to Host Virtual Investor Conference Showcasing the Next Generation of ETF Investing
- RedChip to Host Virtual Investor Conference Showcasing the Next Generation of ETF Investing
- Responsive Playbooks and the MUSQ Inflection
- Responsive Playbooks and the MUSQ Inflection
- Understanding the Setup: (MUSQ) and Scalable Risk
- The Technical Signals Behind (MUSQ) That Institutions Follow
Data for MUSQ is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.