Star of The Show: MUSQ & CLSM Mark Their Milestones
Two ETFs. Two impressive anniversaries. One well-deserved moment in the spotlight.
This month, we’re celebrating two standout funds: the Global Music Industry Index ETF (MUSQ), marking its 2-year anniversary, and the ETC Cabana Target Leading Sector ETF (CLSM), now celebrating 4 years since launch. Each has carved out a role in the market—MUSQ with its access to the evolving global music ecosystem, and CLSM with its adaptive, cycle-aware approach to sector rotation and risk-managed growth.
Different strategies, different sectors—but both are playing lead roles in their respective stories.
MUSQ: The Soundtrack of Innovation
First up, the Global Music Industry Index ETF (MUSQ). Launched in 2023, this ETF came out of the gate like a debut rock album—tuned in to the global music biz.
From streaming platforms and concert promoters to music publishers, MUSQ is the all-access pass to the business behind the beats. It currently aims to track the full spectrum of the modern music economy—because in today’s world, the music industry is tech, media, and entertainment rolled into one.
MUSQ isn’t just playing background noise in the portfolio—it’s a potential headliner. Designed to ride the rhythm of structural trends like digital monetization and global streaming growth, this fund seeks to put investors in sync with the long-term evolution of how we create, distribute, and consume sound.
🎶 Two years in and MUSQ is still on pitch.
CLSM: Riding the Economic Cycle, Sector by Sector
Then there’s CLSM, celebrating its 4th anniversary like a seasoned icon.
The ETC Cabana Target Leading Sector Moderate ETF (CLSM) isn’t chasing headlines—it seeks to make calculated moves. With a strategy rooted in economic cycles and sector rotation, CLSM seeks long-term growth by identifying which areas of the market are potentially best positioned to perform in the current environment. It allocates primarily among sector ETFs, with the flexibility to tap into other asset classes like fixed income, real estate, and commodities when the cycle calls for it.
Designed for moderate risk investors, CLSM aims to strike a balance between opportunity and protection. It’s built on the philosophy that there’s always something working in the market—and the key is potentially knowing where to look and when to shift. Over the past four years, this dynamic, risk-aware approach has helped CLSM navigate changing market conditions with intention and discipline.
Four years later, and CLSM is still playing the lead—unbothered, and on script.
Celebrate the Stars of the Show
Whether you’re into the high-energy tempo of MUSQ or the thoughtful pacing of CLSM, one thing is clear: each fund brings its own flair and focus to the spotlight
At the end of the day, investing—just like great storytelling—is about following narratives that matter.
And both MUSQ and CLSM are not extras. They are main characters.
Step into MUSQ’s world here.
Catch up with CLSM here.
MUSQ Disclosures:
MUSQ Global Music Industry Index ETF is offered by prospectus. Carefully consider the investment objectives, risks, charges, and expenses. This and other important information can be found in the MUSQ ETF prospectus, which should be read carefully before investing and can be obtained by visiting https://musqetf.com or by calling 1-855- MUSQ-ETF(687-7383).
There is no guarantee the Fund will achieve its stated objectives.
In addition to the normal risks associated with investing, international investments may involve the risk of capital loss from unfavorable fluctuation in currency values, differences in generally accepted accounting principles or social, economic or political instability in other nations.
Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.
In addition to the normal risks associated with investing, investments in small- or mid-capitalization companies typically exhibit higher volatility.
The Fund’s concentration in an industry or sector can increase the impact of, and potential losses associated with, the risks from investing in those industries/sectors.
The Fund is non-diversified.
The Fund is new and has a limited operating history for investors to evaluate. A new and smaller fund may not attract sufficient assets to achieve investment and trading efficiencies.
The Fund may invest in securities denominated in foreign currencies. Because the Fund's NAV is determined in U.S. dollars, the Fund's NAV could decline if currencies of the underlying securities depreciate against the U.S. dollar or if there are delays or limits on repatriation of such currencies. Currency exchange rates can be very volatile and can change quickly and unpredictably.
All investing involves risk, and asset allocation and diversification do not guarantee a profit or protection against a loss. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, might be worth more or less than their original cost. ETFs are subject to risks similar to those of stocks, as well as other risks specific to the particular ETF.
ETF shares are traded on exchanges, and are traded and priced throughout the trading day. ETFs permit an investor to purchase a selling interest in a portfolio of stocks throughout the trading day. Because ETFs trade on an exchange, ETF shares are bought and sold at market price (not NAV). The prices of ETFs may sometimes vary significantly from the NAVs of a ETFs’ underlying securities. Brokerage commissions will reduce returns.
Exchange Traded Concepts, LLC serves as the investment advisor. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.
CLSM Disclosures:
Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus and Summary Prospectus, which may be obtained by visiting https://cabanaetfs.com/investor-materials. Read the prospectus and Summary Prospectus carefully before investing
Foreside Fund Services, LLC, distributor.
Investing involves risk, including possible loss of principal. There is no guarantee the Funds will meet or maintain their objective. To the extent the Funds investments are concentrated in or have significant exposure to a particular issuer, sector, industry or asset class, the Funds may be more vulnerable to adverse events affecting these groups than if the Funds investments were more broadly diversified.
The Funds rely heavily on CARA, a proprietary model developed by the Sub-Adviser, as well as data and information supplied by third parties. To the extent the model does not perform as intended, the Funds strategy may not be successfully implemented and the Fund may lose value. The Sub-Adviser’s judgments about the markets, the economy, or companies may not anticipate actual market movements, economic conditions or company performance, and these judgments may affect the return on your investment. In addition, although the Sub-Adviser seeks to manage volatility within the Funds portfolio, there is no guarantee that the Sub-Adviser will be successful.
Commodity-related companies may subject the ETFs to greater volatility than investments in traditional securities. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in emerging markets involves different and greater risks.
New funds have limited operating histories for investors to evaluate and new and smaller funds may not attract sufficient assets to achieve investment and trading efficiencies.
Target drawdown refers to the maximum amount an investment in the fund is expected to fall from peak to trough. Identified target drawdown percentages are targets, not guarantees.
Alpha – the measure of an asset’s performance relative to its benchmark.
Beta – Measures the sensitivity of an investment to the movement of its benchmark. A beta higher than 1.0 indicates the investment has been more volatile than the benchmark and a beta of less than 1.0 indicates that the investment has been less volatile than the benchmark.
Correlation – A statistical measure of how two securities move in relation to one another.
Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Market returns are based on the official closing price from the Exchange and do not represent the the return you would receive if you traded at other times. NAV (net asset value) is the dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding, which is calculated at the end of each business day.
Investment advisory services are provided by Cabana LLC, an SEC registered investment adviser. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. Additional information regarding Cabana LLC including its fees, can be found in Cabana’s Form ADV, Part 2. A copy of which is available upon request or online at www.adviserinfo.sec.gov. Cabana LLC claims compliance with the Global Investment Performance Standards (GIPS®). To receive the firm’s Independent Verifier’s Report send your request to info@thecabanagroup.com. GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
