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 10/03/2024

Ticker DSTX
NAV 25.44
Market Price 25.42
Net Assets $35,613,789
Shares Outstanding 1,400,000
30-day SEC Yield as of 9/30/2024 2.05%
Inception 12/14/2020
Primary Exchange NYSE
CUSIP 26922B501
Expense Ratio 0.55%
Premium/Discount % -0.07
Median 30-day Bid/Ask Spread 0.16%

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 10/03/2024

 2023Q1 2024Q2 2024Q3 2024Q4 2024
Days at premium1673737310
Days at zero premium/discount41001
Days at discount762326332

DISTRIBUTIONS

Ex-Date Record Date Payable Date Amount Type
09/25/2024 09/25/2024 09/26/2024 $0.05917 Div Income
         
         
         

TOP 10 HOLDINGS

As of 10/04/2024

Percent Net Assets Name Identifier Shares Held Market Value
3.33% Alibaba Group Holding Ltd BK6YZP5 83,700.00 $1,185,644.01
2.88% Samsung Electronics Co Ltd 4942818 887.00 $1,024,485.00
2.54% LVMH Moet Hennessy Louis Vuitton SE 4061412 1,243.00 $905,259.97
2.41% SK Hynix Inc 6450267 6,686.00 $856,939.10
2.36% Roche Holding AG 771195104 21,991.00 $841,815.48
1.80% JD.com Inc BKPQZT6 29,250.00 $641,847.17
1.74% British American Tobacco PLC 110448107 17,639.00 $619,305.29
1.45% Taiwan Semiconductor Manufacturing Co Ltd 874039100 2,882.00 $517,261.36
1.31% London Stock Exchange Group PLC B0SWJX3 3,422.00 $465,396.67
1.25% NetEase Inc BM93SF4 21,600.00 $446,720.07
1.24% Baidu Inc B0J2D41 31,600.00 $442,743.45
1.22% Cie Financiere Richemont SA BCRWZ18 2,823.00 $432,933.86
1.20% Dr Ing hc F Porsche AG BJN59B8 5,616.00 $428,434.94
1.20% Vinci SA B1XH026 3,812.00 $428,614.27
1.18% America Movil SAB de CV BMVRB77 523,599.00 $421,462.10
1.17% Kia Corp 6490928 5,549.00 $415,118.28
1.16% Denso Corp 6640381 28,200.00 $413,589.75
1.15% CANADIAN NAT RES LTD 2171573 11,635.00 $410,904.84
1.13% China Coal Energy Co Ltd B1JNK84 310,000.00 $402,400.39
1.12% Kuaishou Technology BLC90T0 54,100.00 $398,501.04
1.11% Japan Tobacco Inc 6474535 13,600.00 $393,548.87
1.08% Merck KGaA 4741844 2,219.00 $382,990.88
1.07% DHL Group 4617859 9,013.00 $382,025.44
1.07% Cie de Saint-Gobain SA 7380482 4,301.00 $379,674.22
1.06% JD Health International Inc BMW8R04 88,250.00 $379,006.55
1.06% KDDI Corp 6248990 11,900.00 $377,031.31
1.04% Heidelberg Materials AG 5120679 3,476.00 $369,426.25
1.02% Deutsche Boerse AG 7021963 1,549.00 $362,669.54
1.01% JBS S/A B1V74X7 61,300.00 $359,672.78
1.00% Alimentation Couche-Tard Inc BL56KN2 6,505.00 $354,783.24
1.00% Danone SA B1Y9TB3 5,032.00 $357,381.17
0.99% Shin-Etsu Chemical Co Ltd 6804585 8,600.00 $354,277.93
0.99% ADVANCED INFO SERV THB1(NVDR) 6412609 43,200.00 $351,987.93
0.99% Grupo Mexico SAB de CV 2643674 64,174.00 $353,676.17
0.98% Fomento Economico Mexicano SAB de CV 2242059 35,800.00 $350,452.36
0.97% NEC Corp 6640400 3,600.00 $347,085.48
0.97% Wal-Mart de Mexico SAB de CV BW1YVH8 117,043.00 $346,121.94
0.96% Rio Tinto Ltd 6220103 3,946.00 $340,215.23
0.95% CGI Inc BJ2L575 2,896.00 $336,556.67
0.94% H & M Hennes & Mauritz AB 5687431 20,395.00 $335,980.43
0.93% Nippon Paint Holdings Co Ltd 6640507 42,400.00 $331,220.66
0.93% Volvo AB B1QH830 12,827.00 $331,007.33
0.92% Thales SA 4162791 2,024.00 $327,145.80
0.92% Telkom Indonesia Persero Tbk PT BD4T6W7 1,746,000.00 $327,233.46
0.90% Geely Automobile Holdings Ltd 6531827 198,000.00 $319,231.46
0.90% Secom Co Ltd 6791591 8,800.00 $320,185.33
0.89% Murata Manufacturing Co Ltd 6610403 16,400.00 $315,730.59
0.89% Essity AB BF1K7P7 10,589.00 $317,377.56
0.88% Coca-Cola HBC AG B9895B7 8,892.00 $312,617.57
0.88% PRIO SA/Brazil BYY0144 38,624.00 $312,731.56
0.85% Yakult Honsha Co Ltd 6985112 13,500.00 $303,822.44
0.85% Agnico Eagle Mines Ltd 2009823 3,772.00 $301,971.71
0.85% Astra International Tbk PT B800MQ5 887,900.00 $302,300.58
0.84% Suntory Beverage & Food Ltd BBD7Q84 8,000.00 $298,654.31
0.84% Bureau Veritas SA B28DTJ6 9,306.00 $299,191.37
0.84% Legrand SA B11ZRK9 2,712.00 $300,599.60
0.84% Magna International Inc 559222401 7,376.00 $297,769.12
0.84% Moncler SpA BGLP232 5,110.00 $300,763.76
0.84% Publicis Groupe SA 4380429 2,867.00 $300,406.23
0.84% Teleperformance SE 5999330 2,896.00 $299,934.99
0.82% NIDEC CORP 6640682 14,000.00 $290,941.30
0.82% Isuzu Motors Ltd 6467104 21,400.00 $290,310.36
0.81% JD Sports Fashion PLC BM8Q5M0 154,271.00 $288,072.57
0.80% TFI INTERNATIONAL INC BDRXBF4 2,096.00 $284,698.73
0.79% Hyundai Glovis Co Ltd B0V3XR5 3,123.00 $280,735.06
0.79% Bandai Namco Holdings Inc B0JDQD4 12,900.00 $282,935.99
0.79% Bunzl PLC B0744B3 6,147.00 $281,379.60
0.79% Intertek Group PLC 3163836 4,169.00 $280,079.24
0.79% Next PLC 3208986 2,189.00 $283,101.41
0.79% Open Text Corp 2260824 8,545.00 $281,772.65
0.79% Smurfit WestRock PLC BSMR1R8 5,980.00 $281,809.24
0.78% Toyota Tsusho Corp 6900580 15,100.00 $276,607.84
0.78% TIM SA/Brazil BN71RB6 84,104.00 $277,808.38
0.76% Astellas Pharma Inc 6985383 23,100.00 $271,111.98
0.76% Auto Trader Group PLC BVYVFW2 24,296.00 $269,948.48
0.76% Capgemini SE 4163437 1,299.00 $269,071.52
0.76% Kerry Group PLC 4519579 2,682.00 $269,201.75
0.76% Tourmaline Oil Corp B3QJ0H8 5,647.00 $271,079.35
0.75% Doosan Bobcat Inc BYX9GP8 8,802.00 $267,525.83
0.75% Nitto Denko Corp 6641801 16,500.00 $266,277.72
0.74% MINEBEA MITSUMI Inc 6642406 13,300.00 $263,344.80
0.74% Computershare Ltd 6180412 15,311.00 $262,989.58
0.74% Temenos AG 7147892 3,814.00 $263,411.99
0.73% Cemex SAB de CV 2406457 437,200.00 $260,637.60
0.72% MatsukiyoCocokara & Co B249GC0 15,900.00 $255,457.36
0.71% Pandora A/S B44XTX8 1,633.00 $253,368.07
0.70% Harmony Gold Mining Co Ltd 6410562 24,803.00 $249,974.64
0.70% Hargreaves Lansdown PLC B1VZ0M2 17,527.00 $249,282.90
0.69% Shionogi & Co Ltd 6804682 17,400.00 $246,776.14
0.69% Trend Micro Inc/Japan 6125286 4,300.00 $246,957.38
0.68% Puma SE 5064722 6,016.00 $243,726.18
0.67% Genmab A/S 4595739 1,018.00 $238,537.95
0.65% Nexon Co Ltd B63QM77 12,000.00 $230,981.50
0.65% Otsuka Corp 6267058 9,800.00 $232,972.44
0.63% ASE Technology Holding Co Ltd 00215W100 23,214.00 $225,175.80
0.63% Gold Fields Ltd 6280215 14,301.00 $224,347.32
0.58% Norsk Hydro ASA B11HK39 32,821.00 $208,036.09
0.57% Niterra Co Ltd 6619604 7,300.00 $204,130.41
0.54% Ono Pharmaceutical Co Ltd 6660107 14,400.00 $193,681.05
0.54% Sonic Healthcare Ltd 6821120 10,235.00 $191,204.37
0.36% Cash & Other Cash&Other 126,902.89 $126,902.89
0.12% First American Government Obligations Fund 12/01/2031 31846V336 41,952.90 $41,952.90
0.00% Constellation Software Inc/Canada BR52TP7 138.00 $0.00
0.00% BRAZILIAN REAL CASHBRL 20.09 $3.66
0.00% BRITISH POUNDS CASHGBP 5.98 $7.84

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.