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 07/16/2024

Ticker DSTX
NAV 24.29
Market Price 24.46
Net Assets $35,220,826
Shares Outstanding 1,450,000
30-day SEC Yield as of 6/30/2024 2.30%
Inception 12/14/2020
Primary Exchange NYSE
CUSIP 26922B501
Expense Ratio 0.55%
Premium/Discount % 0.70
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

12/14/2020-6/30/2024

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 06/30/2024

YTD 1 YR1 3 YR SINCE INCEPTION2
1DSTX NAV 0.15% 5.92% -2.14% 0.74%
2DSTX MKT 0.21% 5.29% -2.28% 0.72%
3Morningstar Global Markets ex-US NR USD 5.28% 11.71% 0.41% 3.68%

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 07/16/2024

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

DISTRIBUTIONS

Ex-Date Record Date Payable Date Amount Type
06/26/2024 06/26/2024 06/27/2024 $0.29785 Div Income
         
         
         

TOP 10 HOLDINGS

As of 07/18/2024

Percent Net Assets Name Identifier Shares Held Market Value
2.86% Roche Holding AG 771195104 25,996.00 $1,013,844.00
2.83% LVMH Moet Hennessy Louis Vuitton SE 4061412 1,328.00 $1,001,962.85
2.69% Alibaba Group Holding Ltd BK6YZP5 97,400.00 $951,722.46
2.17% British American Tobacco PLC 110448107 23,504.00 $768,580.80
2.16% Stellantis NV BMD8KX7 37,459.00 $764,011.44
2.04% SK Hynix Inc 6450267 4,530.00 $723,186.36
1.75% America Movil SAB de CV BMVRB77 690,761.00 $621,700.47
1.60% Rio Tinto Ltd 6220103 7,221.00 $565,966.07
1.36% Kia Corp 6490928 5,510.00 $482,703.45
1.36% KDDI Corp 6248990 16,600.00 $482,104.86
1.34% Dr Ing hc F Porsche AG BJN59B8 6,032.00 $475,285.65
1.33% Cie Financiere Richemont SA BCRWZ18 3,069.00 $471,767.64
1.29% JD.com Inc BKPQZT6 33,550.00 $458,441.33
1.26% Vinci SA B1XH026 3,871.00 $446,219.30
1.25% NetEase Inc BM93SF4 23,700.00 $443,126.81
1.23% DHL Group 4617859 9,900.00 $435,050.67
1.22% London Stock Exchange Group PLC B0SWJX3 3,542.00 $433,400.14
1.21% CANADIAN NAT RES LTD 2171573 12,053.00 $429,942.28
1.21% Wal-Mart de Mexico SAB de CV BW1YVH8 117,911.00 $430,470.84
1.15% Grupo Mexico SAB de CV 2643674 68,172.00 $406,096.73
1.11% Japan Tobacco Inc 6474535 14,000.00 $393,622.80
1.11% Baidu Inc B0J2D41 33,650.00 $394,952.04
1.11% Heidelberg Materials AG 5120679 3,544.00 $394,578.43
1.08% Shin-Etsu Chemical Co Ltd 6804585 8,800.00 $383,332.37
1.05% KONINKLIJKE AHOLD DELHAIZE NV BD0Q398 11,703.00 $372,918.87
1.03% Telkom Indonesia Persero Tbk PT BD4T6W7 1,815,300.00 $366,442.55
1.02% Fortescue Ltd 6086253 24,087.00 $362,468.92
1.01% Kuaishou Technology BLC90T0 59,500.00 $356,225.83
1.01% Aristocrat Leisure Ltd 6253983 10,147.00 $357,768.68
0.99% UCB SA 5596991 2,279.00 $352,516.42
0.97% China Coal Energy Co Ltd B1JNK84 342,000.00 $344,689.19
0.97% Denso Corp 6640381 20,800.00 $343,709.38
0.97% Thales SA 4162791 2,081.00 $343,273.21
0.97% Teleperformance SE 5999330 3,015.00 $342,437.61
0.97% Volvo AB B1QH830 13,431.00 $345,207.10
0.96% Astellas Pharma Inc 6985383 31,400.00 $338,689.41
0.96% H & M Hennes & Mauritz AB 5687431 21,133.00 $338,477.29
0.96% PRIO SA/Brazil BYY0144 40,436.00 $340,602.50
0.94% Danone SA B1Y9TB3 5,199.00 $333,949.04
0.94% Deutsche Boerse AG 7021963 1,600.00 $333,103.77
0.94% Magna International Inc 559222401 7,272.00 $333,203.04
0.93% TFI INTERNATIONAL INC BDRXBF4 2,134.00 $329,133.92
0.91% CGI Inc BJ2L575 3,003.00 $321,337.89
0.90% Toyota Tsusho Corp 6900580 15,600.00 $318,389.72
0.90% Coca-Cola HBC AG B9895B7 9,013.00 $320,389.25
0.89% NEC Corp 6640400 3,600.00 $314,003.64
0.89% Publicis Groupe SA 4380429 2,965.00 $315,042.80
0.88% Adyen NV BZ1HM42 251.00 $310,652.94
0.88% Puma SE 5064722 6,443.00 $312,927.00
0.87% NESTE OYJ B06YV46 16,247.00 $308,142.25
0.86% Seven & i Holdings Co Ltd B0FS5D6 26,500.00 $305,648.74
0.86% Isuzu Motors Ltd 6467104 21,200.00 $306,292.21
0.86% Assa Abloy AB BYPC1T4 10,275.00 $303,529.09
0.85% Smurfit WestRock PLC BSMR1R8 6,192.00 $300,677.17
0.84% Cia Paranaense de Energia - Copel 2200154 158,200.00 $297,668.32
0.84% Vibra Energia SA BPBLV81 70,100.00 $299,084.10
0.82% Essity AB BF1K7P7 10,841.00 $290,350.90
0.82% Legrand SA B11ZRK9 2,833.00 $291,850.50
0.81% Samsung SDS Co Ltd BRS2KY0 2,555.00 $288,760.14
0.81% Suntory Beverage & Food Ltd BBD7Q84 8,100.00 $285,657.05
0.81% Nitto Denko Corp 6641801 3,300.00 $286,782.33
0.81% ADVANCED INFO SERV THB1(NVDR) 6412609 45,800.00 $285,910.96
0.80% Capgemini SE 4163437 1,342.00 $283,718.45
0.79% ASE Technology Holding Co Ltd 00215W100 24,569.00 $278,858.15
0.78% Secom Co Ltd 6791591 4,500.00 $274,753.19
0.78% Konami Group Corp 6496681 3,600.00 $276,162.18
0.78% Bureau Veritas SA B28DTJ6 9,759.00 $276,088.41
0.77% MEIJI Holdings Co Ltd B60DQV3 11,700.00 $273,482.22
0.77% JD Health International Inc BMW8R04 98,000.00 $272,340.75
0.77% Bandai Namco Holdings Inc B0JDQD4 13,200.00 $272,105.82
0.77% BlueScope Steel Ltd 6533232 19,042.00 $272,068.85
0.77% DSV A/S B1WT5G2 1,636.00 $271,977.43
0.77% Temenos AG 7147892 3,707.00 $273,942.01
0.77% TIM SA/Brazil BN71RB6 87,004.00 $271,676.00
0.76% Auto Trader Group PLC BVYVFW2 25,377.00 $268,843.32
0.76% Computershare Ltd 6180412 15,317.00 $271,007.03
0.75% Intertek Group PLC 3163836 4,408.00 $267,502.60
0.75% Next PLC 3208986 2,278.00 $265,457.91
0.74% Nexon Co Ltd B63QM77 12,100.00 $263,579.67
0.74% Bunzl PLC B0744B3 6,330.00 $263,396.53
0.74% Genmab A/S 4595739 976.00 $261,582.44
0.73% Yakult Honsha Co Ltd 6985112 14,100.00 $258,628.39
0.73% Gold Fields Ltd 6280215 15,289.00 $259,068.85
0.73% Tourmaline Oil Corp B3QJ0H8 5,964.00 $259,359.28
0.72% MatsukiyoCocokara & Co B249GC0 16,400.00 $253,815.14
0.72% Hargreaves Lansdown PLC B1VZ0M2 18,031.00 $255,960.20
0.72% Pandora A/S B44XTX8 1,634.00 $253,926.37
0.71% Astra International Tbk PT B800MQ5 911,500.00 $252,502.48
0.69% Shionogi & Co Ltd 6804682 5,800.00 $245,535.00
0.69% JD Sports Fashion PLC BM8Q5M0 160,636.00 $243,812.24
0.69% LPP SA 7127979 59.00 $246,183.59
0.67% Kerry Group PLC 4519579 2,756.00 $238,004.35
0.66% Niterra Co Ltd 6619604 7,500.00 $232,339.69
0.64% Geely Automobile Holdings Ltd 6531827 214,000.00 $225,548.75
0.60% Norsk Hydro ASA B11HK39 35,071.00 $214,290.60
0.59% Ono Pharmaceutical Co Ltd 6660107 14,600.00 $207,438.58
0.59% Otsuka Corp 6267058 9,900.00 $210,468.71
0.55% Trend Micro Inc/Japan 6125286 4,300.00 $195,058.63
0.53% Sonic Healthcare Ltd 6821120 10,534.00 $188,932.55
0.45% Burberry Group PLC 3174300 16,528.00 $158,193.96
0.41% Cash & Other Cash&Other 145,741.93 $145,741.93
0.17% First American Government Obligations Fund 12/01/2031 31846V336 60,175.82 $60,175.82
0.00% Constellation Software Inc/Canada BR52TP7 138.00 $0.00
0.00% BRAZILIAN REAL CASHBRL 20.09 $3.68
0.00% BRITISH POUNDS CASHGBP 5.98 $7.78
0.00% ZEEKR Intelligent Technology Holding Ltd 98923K103 9.86 $184.48

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.