Distillate International Fundamental
Stability & Value ETF | Ticker DSTX

Distillate International Fundamental Stability & Value ETF | DSTX Process

DSTX adheres to a systematic process, including only those stocks that meet the firm’s proprietary cash-flow-based valuation and quality criteria.

  • DSTX begins with a starting universe of around 500 profitable large-cap U.S. stocks.
  • Our security selection focuses on U.S. stocks with low debt levels and stable cash flows.
  • We then invest in the most attractively valued remaining 100 companies based on Distillate Capital’s normalized free cash flow methodology.
  • The portfolio is weighted by free cash flow generation and is rebalanced quarterly.

As of 06/21/2024

Ticker DSTX
NAV 23.74
Market Price 23.69
Net Assets $34,422,850
Shares Outstanding 1,450,000
30-day SEC Yield as of 5/31/2024
2.27%
Inception 12/14/2020
Primary Exchange NYSE
CUSIP 26922B501
Expense Ratio 0.55%
Premium/Discount % -0.21
Median 30-day Bid/Ask Spread 0.12%

The 30-day SEC yield represents the dividends and interest earned over the preceding 30-day period, annualized, and divided by the net asset value (NAV) per share at the end of the period.

Median 30-Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

GROWTH OF $10,000
SINCE INCEPTION

12/14/2020-3/31/2024

This chart illustrates the performance of a hypothetical $10,000 investment made on 12/14/2020, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The chart assumes reinvestment of capital gains and dividends.

PERFORMANCE

As of 03/31/2024

  YTD 1 YR1 3 YR SINCE INCEPTION2
1DSTX NAV 3.07% 11.19% 0.26% 1.68%
2DSTX MKT 3.30% 11.10% 0.07% 1.71%
3Morningstar Global Markets ex-US NR USD 4.34%  13.49% 1.91% 3.67%

Fund expense ratio: 0.55%

1Performance greater than 1 year is annualized.
2Inception 12/14/20.

Performance data quoted represents past performance and does not guarantee future results. Investment returns and principal value will fluctuate, and when sold, may be worth more or less than their original cost. Performance current to the most recent month-end may be lower or higher than the performance quoted and can be obtained by calling 800.617.0004. Market price returns are based on price of the last reported trade on the fund’s primary exchange where the shares are listed. NAV return is the percentage change between the fund’s net asset value (the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day) at the beginning and end of a particular period.

As of 06/21/2024

 2023Q1 2024
Days at premium16737
Days at zero premium/discount41
Days at discount7623

DISTRIBUTIONS

Ex-Date Record Date Payable Date Amount Type
03/20/2024 03/21/2024 03/22/2024 $0.03507 Div Income
12/27/2023 12/28/2023 12/29/2023 $0.12204 Div Income
9/20/2023 9/21/2023 9/22/2023 $0.13432 Div Income
6/21/2023 6/22/2023 6/23/2023 $0.14380 Div Income
3/22/2023 3/23/2023 3/24/2023 $0.03023 Div Income
12/28/2022 12/29/2022 12/30/2022 $0.24898 Div Income
9/21/2022 9/22/2022 9/23/2022 $0.18232 Div Income
6/22/2022 6/23/2022 6/24/2022 $0.24498 Div Income
3/23/2022 3/24/2022 3/25/2022 $0.06394 Div Income
12/22/2021 12/23/2021 12/27/2021 $0.15252 Div Income
9/22/2021 9/23/2021 9/24/2021 $0.08867 Div Income
6/23/2021 6/24/2021 6/25/2021 $0.28329 Div Income
3/24/2021 3/25/2021 3/26/2021 $0.05239 Div Income
12/29/2020 12/30/2020 12/31/2020 $0.01868 Div Income

TOP 10 HOLDINGS

As of 06/24/2024

Percent Net Assets Name Identifier Shares Held Market Value
2.64% Roche Holding AG 771195104 25,567.00 $909,929.53
2.61% Alibaba Group Holding Ltd BK6YZP5 97,300.00 $897,509.48
2.52% Taiwan Semiconductor Manufacturing Co Ltd 874039100 4,982.00 $866,668.72
2.37% SK Hynix Inc 6450267 4,842.00 $816,126.20
2.19% Petroleo Brasileiro SA 71654V408 53,493.00 $753,716.37
2.13% British American Tobacco PLC 110448107 23,100.00 $732,270.00
1.88% Siemens AG 5727973 3,601.00 $646,999.09
1.76% Meituan BGJW376 40,800.00 $607,379.32
1.72% Rio Tinto Ltd 6220103 7,411.00 $591,473.25
1.62% Unilever PLC 904767704 9,942.00 $557,845.62
1.52% Kia Corp 6490928 5,692.00 $524,387.24
1.48% Manulife Financial Corp 2492519 19,784.00 $507,792.94
1.45% Stellantis NV BMD8KX7 24,583.00 $499,774.24
1.40% Cie Financiere Richemont SA BCRWZ18 3,106.00 $482,993.34
1.39% Industria de Diseno Textil SA BP9DL90 9,550.00 $477,729.53
1.34% Equinor ASA 7133608 16,690.00 $462,166.89
1.32% JD.com Inc BKPQZT6 32,350.00 $453,818.41
1.24% London Stock Exchange Group PLC B0SWJX3 3,502.00 $426,915.70
1.21% CANADIAN NAT RES LTD 2171573 12,122.00 $417,557.67
1.20% America Movil SAB de CV BMVRB77 490,065.00 $411,512.14
1.18% Vinci SA B1XH026 3,735.00 $406,156.06
1.17% Renesas Electronics Corp 6635677 20,900.00 $403,240.28
1.15% China Tower Corp Ltd BFZ2PK0 3,086,000.00 $395,357.18
1.10% Japan Tobacco Inc 6474535 13,700.00 $379,103.30
1.08% Kuaishou Technology BLC90T0 58,600.00 $370,491.70
1.05% Heidelberg Materials AG 5120679 3,574.00 $360,778.72
1.03% Fortescue Ltd 6086253 24,670.00 $355,469.37
1.02% Grupo Mexico SAB de CV 2643674 66,236.00 $352,023.50
1.01% Shin-Etsu Chemical Co Ltd 6804585 9,100.00 $346,528.18
0.98% KERING 5505072 982.00 $335,777.60
0.98% UCB SA 5596991 2,265.00 $336,550.23
0.97% Aristocrat Leisure Ltd 6253983 10,283.00 $334,895.34
0.97% Thales SA 4162791 1,989.00 $332,721.68
0.97% Volvo AB B1QH830 13,114.00 $333,587.23
0.96% MISUMI Group Inc 6595179 19,500.00 $330,773.57
0.96% Dr Ing hc F Porsche AG BJN59B8 4,475.00 $331,077.82
0.96% Deutsche Boerse AG 7021963 1,604.00 $329,658.28
0.96% Teleperformance SE 5999330 3,066.00 $329,804.20
0.94% Seven & i Holdings Co Ltd B0FS5D6 26,700.00 $325,248.61
0.94% Denso Corp 6640381 21,300.00 $323,600.90
0.94% JD Sports Fashion PLC BM8Q5M0 203,687.00 $324,337.44
0.94% Next PLC 3208986 2,811.00 $324,433.53
0.93% First American Government Obligations Fund 12/01/2031 31846V336 318,748.72 $318,748.72
0.92% Danone SA B1Y9TB3 5,076.00 $317,416.06
0.92% LPP SA 7127979 76.00 $316,701.85
0.91% Publicis Groupe SA 4380429 2,899.00 $314,937.03
0.89% Coca-Cola HBC AG B9895B7 9,001.00 $306,883.27
0.87% CGI Inc BJ2L575 3,029.00 $300,479.45
0.87% Puma SE 5064722 6,375.00 $299,971.96
0.86% Toyo Suisan Kaisha Ltd 6899967 5,000.00 $296,299.78
0.86% TFI INTERNATIONAL INC BDRXBF4 2,164.00 $296,319.15
0.85% Suntory Beverage & Food Ltd BBD7Q84 8,200.00 $291,702.85
0.84% Assa Abloy AB BYPC1T4 10,200.00 $287,936.42
0.84% ASE Technology Holding Co Ltd 00215W100 24,905.00 $288,399.90
0.83% Isuzu Motors Ltd 6467104 22,000.00 $285,020.52
0.83% Legrand SA B11ZRK9 2,861.00 $285,320.69
0.83% Wal-Mart de Mexico SAB de CV BW1YVH8 84,023.00 $286,044.57
0.82% Olympus Corp 6658801 17,900.00 $282,433.81
0.81% Micro-Star International Co Ltd 6133450 50,000.00 $277,992.28
0.80% Essity AB BF1K7P7 10,488.00 $275,751.04
0.78% Samsung SDS Co Ltd BRS2KY0 2,450.00 $267,888.78
0.78% Capgemini SE 4163437 1,354.00 $269,671.85
0.77% Nitto Denko Corp 6641801 3,300.00 $265,617.07
0.77% ADVANCED INFO SERV THB1(NVDR) 6412609 46,800.00 $265,550.02
0.76% Tourmaline Oil Corp B3QJ0H8 5,907.00 $261,024.52
0.75% STMicroelectronics NV 5962332 6,389.00 $258,954.97
0.74% Bandai Namco Holdings Inc B0JDQD4 13,400.00 $254,170.50
0.73% SAMSUNG C&T CORP BSXN8K7 2,596.00 $252,999.21
0.73% Astra International Tbk PT B800MQ5 918,300.00 $250,648.45
0.73% Genmab A/S 4595739 965.00 $249,586.84
0.73% Temenos AG 7147892 3,698.00 $252,451.46
0.72% Geely Automobile Holdings Ltd 6531827 217,000.00 $247,702.93
0.72% SUMCO Corp B0M0C89 16,700.00 $247,802.74
0.72% DSV A/S B1WT5G2 1,641.00 $248,874.93
0.72% Pandora A/S B44XTX8 1,625.00 $247,728.31
0.72% TIM SA/Brazil BN71RB6 86,300.00 $248,467.84
0.71% Bunzl PLC B0744B3 6,383.00 $242,933.15
0.70% Moncler SpA BGLP232 3,995.00 $242,478.13
0.69% Worldline SA/France BNFWR44 22,739.00 $236,146.51
0.67% MatsukiyoCocokara & Co B249GC0 16,900.00 $230,225.90
0.67% Gold Fields Ltd 6280215 15,645.00 $230,166.85
0.66% Baidu Inc B0J2D41 20,250.00 $226,611.34
0.66% Fomento Economico Mexicano SAB de CV 2242059 21,557.00 $228,191.47
0.66% Kerry Group PLC 4519579 2,791.00 $225,688.94
0.65% Shionogi & Co Ltd 6804682 5,900.00 $222,121.13
0.64% Telkom Indonesia Persero Tbk PT BD4T6W7 1,234,500.00 $221,384.50
0.63% Nexon Co Ltd B63QM77 12,000.00 $217,464.05
0.63% Niterra Co Ltd 6619604 7,500.00 $215,433.78
0.62% Norsk Hydro ASA B11HK39 34,715.00 $212,740.08
0.61% Hypera SA B2QY968 39,650.00 $211,114.20
0.57% Ono Pharmaceutical Co Ltd 6660107 14,700.00 $197,123.79
0.57% Magna International Inc 559222401 4,645.00 $196,111.90
0.55% Otsuka Corp 6267058 10,200.00 $188,487.64
0.55% Sonic Healthcare Ltd 6821120 10,517.00 $189,511.22
0.53% Brenntag SE B4YVF56 2,654.00 $182,234.81
0.53% Burberry Group PLC 3174300 14,654.00 $182,268.28
0.53% PRIO SA/Brazil BYY0144 23,848.00 $181,070.82
0.51% BlueScope Steel Ltd 6533232 13,239.00 $175,910.79
0.51% Cash & Other Cash&Other 175,557.63 $175,557.63
0.50% Li Auto Inc BMW5M00 19,500.00 $172,750.97
0.46% Trend Micro Inc/Japan 6125286 4,000.00 $159,012.44
0.40% NESTE OYJ B06YV46 7,578.00 $137,976.83
0.00% Constellation Software Inc/Canada BR52TP7 138.00 $0.00
0.00% BRAZILIAN REAL CASHBRL 20.09 $3.69
0.00% ZEEKR Intelligent Technology Holding Ltd 98923K103 9.86 $208.64
-0.01% JAPANESE YEN CASHJPY -355,255.00 $-2,226.12

Holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security.

IMPORTANT INFORMATION

The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read it carefully before investing. A hard copy of the prospectus can be requested by calling 1-800-617-0004.

Investing involves risk, including the possible loss of principal.

Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemed from the Fund. Brokerage commissions will reduce returns.The NAV of the Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). Market price returns are based on either or both of the last trade of the day before the close of regular trading or the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined).

To the extent the Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors. Market Capitalization Risk. The securities of small- and mid-capitalization companies may be more vulnerable to adverse issuer, market, political, or economic developments than securities of large-capitalization companies. Foreign Securities Risk: The Fund invests in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. These risks are greater in emerging markets.

Free Cash Flow (or Cash Flow): Refers to the cash generated by a business after accounting for capital investments required to maintain or grow the business.

Morningstar Global Markets Ex-U.S. Index: An unmanaged index of common stock prices, weighted by market value. Its performance is thought to be representative of the non-U.S. stock market as a whole. It is not possible to invest directly in an index.

The Distillate Capital ETFs are distributed by Quasar Distributors, LLC.