Key stats
About MUSQ Global Music Industry Index ETF
Home page
Inception date
Jul 6, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Exchange Traded Concepts LLC
Distributor
SEI Investments Distribution Co.
ISIN
US3015054832
MUSQ provides concentrated exposure to the entire music ecosystem by holding companies from around the world, of which at least 40% are from outside the US. The index centers on the global music industry, with segments such as music streaming, music equipment and technology, music content and distribution, live music events and ticketing, and satellite and broadcast radio driving this market. To be eligible for inclusion, companies must derive at least 50% of their annual revenue, or be in the top five companies, or have at least 10% global market share and a net income derived from one or more of the global music industry segments. Publicly traded music funds and music-related royalty trusts are also considered for inclusion. Securities are selected and weighted by market cap, with cap on individual holdings at 7%. The fund invests in at least three countries and may have unlimited exposure to foreign securities. The index rebalances and reconstitutes quarterly. Effective Nov. 26, 2024, the fund incorporated index in its fund name.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Consumer Services
Commercial Services
Stocks98.67%
Technology Services26.85%
Consumer Services26.36%
Commercial Services23.24%
Consumer Durables9.96%
Electronic Technology7.85%
Retail Trade4.42%
Bonds, Cash & Other1.33%
Mutual fund1.33%
Cash0.00%
Stock breakdown by region
North America43.76%
Asia32.30%
Europe23.94%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MUSQ invests in stocks. The fund's major sectors are Technology Services, with 26.85% stocks, and Consumer Services, with 26.36% of the basket. The assets are mostly located in the North America region.
MUSQ top holdings are Live Nation Entertainment, Inc. and Spotify Technology SA, occupying 10.36% and 9.83% of the portfolio correspondingly.
MUSQ last dividends amounted to 0.26 USD. The year before, the issuer paid 0.19 USD in dividends, which shows a 26.88% increase.
MUSQ assets under management is 25.93 M USD. It's risen 2.53% over the last month.
MUSQ fund flows account for −1.03 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MUSQ pays dividends to its holders with the dividend yield of 0.84%. The last dividend (Dec 31, 2024) amounted to 0.26 USD. The dividends are paid annually.
MUSQ shares are issued by Cottonwood ETF Holdings LLC under the brand MUSQ. The ETF was launched on Jul 6, 2023, and its management style is Passive.
MUSQ expense ratio is 0.76% meaning you'd have to pay 0.76% of your investment to help manage the fund.
MUSQ follows the MUSQ Global Music Industry Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MUSQ invests in stocks.
MUSQ price has risen by 2.69% over the last month, and its yearly performance shows a 33.49% increase. See more dynamics on MUSQ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.55% over the last month, showed a 8.18% increase in three-month performance and has increased by 35.18% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.55% over the last month, showed a 8.18% increase in three-month performance and has increased by 35.18% in a year.
MUSQ trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.