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 12/04/2024

Ticker DSTX
NAV 24.03
Market Price 23.97
Net Assets $33,637,803
Shares Outstanding 1,400,000
30-day SEC Yield as of 11/30/2024 1.97%
Inception 12/14/2020
Primary Exchange NYSE
CUSIP 26922B501
Expense Ratio 0.55%
Premium/Discount % -0.26
Median 30-day Bid/Ask Spread 0.13%

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

12/14/2020-9/30/2024

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 09/30/2024

YTD 1 YR1 3 YR SINCE INCEPTION2
1DSTX NAV 10.89% 21.89% 3.74% 3.43%
2DSTX MKT 10.68% 21.70% 3.66% 3.34%
3Morningstar Global Markets ex-US NR USD 13.80%  24.85% 3.88% 5.57%

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 12/04/2024

 2023Q1 2024Q2 2024Q3 2024Q4 2024
Days at premium16737373121
Days at zero premium/discount41001
Days at discount7623263324

DISTRIBUTIONS

Ex-Date Record Date Payable Date Amount Type
09/25/2024 09/26/2024 09/26/2024 $0.05917 Div Income
06/26/2024 06/27/2024 06/27/2024 $0.29785 Div Income
03/21/2024 03/22/2024 03/22/2024 $0.03507 Div Income
12/28/2023 12/29/2023 12/29/2023 $0.12204 Div Income
09/21/2023 09/22/2023 09/22/2023 $0.13432 Div Income
06/22/2023 06/23/2023 06/23/2023 $0.14380 Div Income
03/23/2023 03/24/2023 03/24/2023 $0.03023 Div Income
12/29/2022 12/30/2022 12/30/2022 $0.24898 Div Income

TOP 10 HOLDINGS

As of 12/06/2024

Percent Net Assets Name Identifier Shares Held Market Value
2.61% Alibaba Group Holding Ltd BK6YZP5 83,700.00 $881,471.56
2.50% Samsung Electronics Co Ltd 4942818 887.00 $843,093.50
2.42% SK Hynix Inc 6450267 6,686.00 $817,440.28
2.37% LVMH Moet Hennessy Louis Vuitton SE 4061412 1,243.00 $800,663.59
2.36% Roche Holding AG 771195104 21,991.00 $798,493.21
1.97% British American Tobacco PLC 110448107 17,639.00 $666,401.42
1.74% Taiwan Semiconductor Manufacturing Co Ltd 874039100 2,882.00 $588,792.60
1.58% JD.com Inc BKPQZT6 29,250.00 $534,514.33
1.48% London Stock Exchange Group PLC B0SWJX3 3,422.00 $499,190.82
1.34% Heidelberg Materials AG 5120679 3,476.00 $454,089.62
1.21% Denso Corp 6640381 28,200.00 $407,120.61
1.21% Cie Financiere Richemont SA BCRWZ18 2,823.00 $409,083.93
1.20% Vinci SA B1XH026 3,812.00 $406,689.65
1.19% Cie de Saint-Gobain SA 7380482 4,301.00 $400,285.51
1.18% JBS S/A B1V74X7 61,300.00 $399,291.69
1.17% America Movil SAB de CV BMVRB77 523,599.00 $396,730.78
1.17% NetEase Inc BM93SF4 21,600.00 $394,440.70
1.14% China Coal Energy Co Ltd B1JNK84 310,000.00 $384,833.36
1.14% KDDI Corp 6248990 11,900.00 $386,686.63
1.14% CANADIAN NAT RES LTD 2171573 11,635.00 $386,658.88
1.13% Japan Tobacco Inc 6474535 13,600.00 $381,368.48
1.12% Alimentation Couche-Tard Inc BL56KN2 6,505.00 $377,984.79
1.09% Kia Corp 6490928 5,549.00 $368,626.15
1.09% Geely Automobile Holdings Ltd 6531827 198,000.00 $369,458.53
1.09% Deutsche Boerse AG 7021963 1,549.00 $367,039.10
1.08% ADVANCED INFO SERV THB1(NVDR) 6412609 43,200.00 $363,511.43
1.04% Dr Ing hc F Porsche AG BJN59B8 5,616.00 $350,346.81
1.02% Danone SA B1Y9TB3 5,032.00 $345,731.86
1.01% Baidu Inc B0J2D41 31,600.00 $340,505.43
1.00% DHL Group 4617859 9,013.00 $337,930.32
1.00% Magna International Inc 559222401 7,376.00 $337,747.04
1.00% Volvo AB B1QH830 12,827.00 $338,564.66
0.99% Grupo Mexico SAB de CV 2643674 64,174.00 $333,821.19
0.98% Fomento Economico Mexicano SAB de CV 2242059 35,800.00 $330,333.26
0.98% Wal-Mart de Mexico SAB de CV BW1YVH8 117,043.00 $331,707.38
0.97% Computershare Ltd 6180412 15,311.00 $326,837.25
0.97% CGI Inc BJ2L575 2,896.00 $328,053.07
0.97% Merck KGaA 4741844 2,219.00 $328,359.26
0.96% Kuaishou Technology BLC90T0 54,100.00 $325,022.01
0.96% Smurfit WestRock PLC BSMR1R8 5,980.00 $325,135.99
0.95% Agnico Eagle Mines Ltd 2009823 3,772.00 $320,476.88
0.95% Coca-Cola HBC AG B9895B7 8,892.00 $321,476.86
0.95% TFI INTERNATIONAL INC BDRXBF4 2,096.00 $320,392.52
0.94% Shin-Etsu Chemical Co Ltd 6804585 8,600.00 $316,031.68
0.94% JD Health International Inc BMW8R04 88,250.00 $318,113.04
0.92% NEC Corp 6640400 3,600.00 $310,303.51
0.91% Secom Co Ltd 6791591 8,800.00 $308,738.02
0.91% Publicis Groupe SA 4380429 2,867.00 $306,931.73
0.91% Rio Tinto Ltd 6220103 3,946.00 $306,714.73
0.90% H & M Hennes & Mauritz AB 5687431 20,395.00 $305,547.99
0.90% Thales SA 4162791 2,024.00 $304,212.06
0.90% Telkom Indonesia Persero Tbk PT BD4T6W7 1,746,000.00 $304,944.51
0.89% Essity AB BF1K7P7 10,589.00 $300,528.39
0.88% Nippon Paint Holdings Co Ltd 6640507 42,400.00 $295,902.56
0.86% Isuzu Motors Ltd 6467104 21,400.00 $290,290.20
0.86% Astra International Tbk PT B800MQ5 887,900.00 $291,114.75
0.86% Bureau Veritas SA B28DTJ6 9,306.00 $290,468.11
0.86% Puma SE 5064722 6,016.00 $291,080.36
0.85% Next PLC 3208986 2,189.00 $285,674.72
0.84% Bunzl PLC B0744B3 6,147.00 $283,244.43
0.82% Yakult Honsha Co Ltd 6985112 13,500.00 $276,128.19
0.82% Suntory Beverage & Food Ltd BBD7Q84 8,000.00 $275,452.61
0.82% Murata Manufacturing Co Ltd 6610403 16,400.00 $275,516.51
0.81% Bandai Namco Holdings Inc B0JDQD4 12,900.00 $274,932.11
0.81% Legrand SA B11ZRK9 2,712.00 $274,652.51
0.81% Pandora A/S B44XTX8 1,633.00 $272,625.87
0.80% Doosan Bobcat Inc BYX9GP8 8,802.00 $269,969.47
0.80% Open Text Corp 2260824 8,545.00 $270,393.28
0.79% Nitto Denko Corp 6641801 16,500.00 $267,916.33
0.79% Teleperformance SE 5999330 2,896.00 $267,687.70
0.78% PRIO SA/Brazil BYY0144 38,624.00 $262,645.79
0.77% NIDEC CORP 6640682 14,000.00 $261,148.83
0.77% Toyota Tsusho Corp 6900580 15,100.00 $260,058.91
0.77% Auto Trader Group PLC BVYVFW2 24,296.00 $259,858.22
0.77% Intertek Group PLC 3163836 4,169.00 $258,794.13
0.76% Hyundai Glovis Co Ltd B0V3XR5 3,123.00 $257,564.73
0.76% Cemex SAB de CV 2406457 437,200.00 $255,653.51
0.76% Moncler SpA BGLP232 5,110.00 $258,320.40
0.76% Tourmaline Oil Corp B3QJ0H8 5,647.00 $256,427.60
0.75% Shionogi & Co Ltd 6804682 17,400.00 $252,244.41
0.75% Kerry Group PLC 4519579 2,682.00 $254,797.94
0.74% Temenos AG 7147892 3,814.00 $250,119.68
0.73% Astellas Pharma Inc 6985383 23,100.00 $244,930.11
0.72% Trend Micro Inc/Japan 6125286 4,300.00 $241,903.62
0.72% Otsuka Corp 6267058 9,800.00 $242,912.67
0.72% Hargreaves Lansdown PLC B1VZ0M2 17,527.00 $244,275.24
0.70% MatsukiyoCocokara & Co B249GC0 15,900.00 $235,631.99
0.68% ASE Technology Holding Co Ltd 00215W100 23,214.00 $230,050.74
0.67% Niterra Co Ltd 6619604 7,300.00 $226,910.28
0.67% TIM SA/Brazil BN71RB6 84,104.00 $226,314.68
0.66% MINEBEA MITSUMI Inc 6642406 13,300.00 $221,666.67
0.66% Genmab A/S 4595739 1,018.00 $223,933.73
0.66% Harmony Gold Mining Co Ltd 6410562 24,803.00 $223,648.21
0.63% Capgemini SE 4163437 1,299.00 $212,892.28
0.61% Norsk Hydro ASA B11HK39 32,821.00 $207,232.99
0.60% Gold Fields Ltd 6280215 14,301.00 $202,622.78
0.60% JD Sports Fashion PLC BM8Q5M0 154,271.00 $201,527.66
0.56% Sonic Healthcare Ltd 6821120 10,235.00 $189,895.65
0.51% Nexon Co Ltd B63QM77 12,000.00 $172,324.28
0.50% Ono Pharmaceutical Co Ltd 6660107 14,400.00 $168,738.02
0.44% First American Government Obligations Fund 12/01/2031 31846V336 149,918.49 $149,918.49
0.18% Cash & Other Cash&Other 59,491.84 $59,491.84
0.00% Constellation Software Inc/Canada BR52TP7 138.00 $0.00
0.00% BRAZILIAN REAL CASHBRL 20.09 $3.36
0.00% EURO CASHEUR 606.65 $641.44
0.00% BRITISH POUNDS CASHGBP 5.98 $7.63
-0.01% JAPANESE YEN CASHJPY -443,700.00 $-2,953.27

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.