ETF Evaluator: MUSQ Global Music Industry Idx ETF () Follow This ETF

MUSQ Global Music Industry Idx ETF Overview

MUSQ Global Music Industry Idx ETF (MUSQ) is a passively managed Sector Equity Miscellaneous Sector exchange-traded fund (ETF). Exchange Traded Concepts launched the ETF in 2023.

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MUSQ Global Music Industry Index. Under normal market conditions, the fund invests at least 80% of its net assets in the securities comprising the index. The index is designed to track the performance of companies that are involved in the following sub-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. The fund is non-diversified.

About MUSQ Global Music Industry Idx ETF (MUSQ)

There are 4 members of the management team with an average tenure of 3.07 years: Andrew Serowik (2023), Gabriel Tan (2023), Todd Alberico (2023) and Brian Cooper (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: MUSQ Global Music Industry TR USD index with a weighting of 100%. MUSQ Global Music Industry Idx ETF has 29 securities in its portfolio. The top 10 holdings constitute 64.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

MUSQ Global Music Industry Idx ETF is part of the Equity global asset class and is within the Sector Equity ETF group. MUSQ Global Music Industry Idx ETF has 44.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 55.4% There is 44.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MUSQ Global Music Industry Idx ETF has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $20 million in total assets, which is below the $294 million average for the Miscellaneous Sector category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MUSQ Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MUSQ Global Music Industry Idx ETF expense ratio is above average compared to funds in the Miscellaneous Sector category. MUSQ Global Music Industry Idx ETF has an expense ratio of 0.76%, which is 5% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. MUSQ Global Music Industry Idx ETF has a portfolio turnover rate of 41%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 45% for the Miscellaneous Sector category.

Recently, in the month of July 2026, MUSQ Global Music Industry Idx ETF returned 0.2%, which earned it a grade of A, as the Miscellaneous Sector category had an average return of -8.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

MUSQ Global Music Industry Idx ETF has a trailing yield of 0.71%, which is below the 1.09% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

MUSQ Global Music Industry Idx ETF Grades

Year to date, the ETF has returned -11.4%, 15.8 percentage points worse than the category, which translates into a grade of F. The fund has returned -9.7% over the past year (grade of F) and -0.3% over the past three years (grade of D).

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