Distillate U.S. Fundamental
Stability & Value ETF | Ticker DSTL

Distillate U.S. Fundamental Stability & Value ETF | DSTL Process

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

  • DSTL 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 DSTL
NAV 58.69
Market Price 58.71
Net Assets $2,136,348,538
Shares Outstanding 36,400,000
30-day SEC Yield as of 11/30/2024 1.33%
Inception 10/23/2018
Primary Exchange NYSE
CUSIP 26922A321
Expense Ratio 0.39%
Premium/Discount % 0.03
Median 30-day Bid/Ask Spread 0.05%

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

10/23/2018-9/30/2024

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 5 YR SINCE INCEPTION2
1DSTL NAV 15.97% 28.82% 12.97% 16.82% 16.17%
2DSTL MKT 16.00% 28.86% 12.97% 16.82% 16.17%
3S&P 500 TR 22.08% 36.35% 11.91% 15.98% 15.26%

Fund expense ratio: 0.39%

1Performance greater than 1 year is annualized.
2Inception 10/23/18.

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 premium15333304222
Days at zero premium/discount285852
Days at discount6623251722

DISTRIBUTIONS

Ex-Date Record Date Payable Date Amount Type
09/25/2024 09/26/2024 09/26/2024 $0.14932 Div Income
06/26/2024 06/27/2024 06/27/2024 $0.20262 Div Income
03/21/2024 03/22/2024 03/22/2024 $0.15402 Div Income
12/28/2023 12/29/2023 12/29/2023 $0.21743 Div Income
09/21/2023 09/22/2023 09/22/2023 $0.14454 Div Income
06/22/2023 06/23/2023 06/23/2023 $0.14864 Div Income
03/23/2023 03/24/2023 03/24/2023 $0.12951 Div Income
12/29/2022 12/30/2022 12/30/2022 $0.19408 Div Income

TOP 10 HOLDINGS

As of 12/06/2024

Percent Net Assets Name Identifier Shares Held Market Value
3.12% UnitedHealth Group Inc 91324P102 114,254.00 $66,149,638.38
2.52% T-Mobile US Inc 872590104 219,492.00 $53,542,878.48
2.40% Johnson & Johnson 478160104 340,234.00 $50,871,787.68
2.27% AbbVie Inc 00287Y109 273,291.00 $48,145,675.47
2.20% Cisco Systems Inc 17275R102 778,137.00 $46,703,782.74
2.14% Salesforce Inc 79466L302 125,775.00 $45,452,569.50
1.89% Comcast Corp 20030N101 936,046.00 $40,053,408.34
1.65% Booking Holdings Inc 09857L108 6,615.00 $34,921,841.85
1.56% Altria Group Inc 02209S103 580,466.00 $33,034,320.06
1.48% Amgen Inc 031162100 114,115.00 $31,305,167.95
1.46% QUALCOMM Inc 747525103 193,755.00 $31,076,364.45
1.44% Cigna Group/The 125523100 94,934.00 $30,626,657.74
1.42% Abbott Laboratories 002824100 260,012.00 $30,054,787.08
1.39% McKesson Corp 58155Q103 48,513.00 $29,472,617.76
1.37% Blackrock Inc 09290D101 27,905.00 $29,154,585.90
1.34% Automatic Data Processing Inc 053015103 94,504.00 $28,521,307.20
1.32% Honeywell International Inc 438516106 123,514.00 $27,949,983.06
1.31% Lowe's Cos Inc 548661107 102,897.00 $27,789,392.79
1.23% PayPal Holdings Inc 70450Y103 292,357.00 $26,032,929.07
1.22% Enterprise Products Partners LP 293792107 789,081.00 $25,921,310.85
1.21% PACCAR Inc 693718108 217,816.00 $25,619,517.92
1.16% MPLX LP 55336V100 497,128.00 $24,697,319.04
1.12% FedEx Corp 31428X106 84,784.00 $23,690,345.28
1.10% Applied Materials Inc 038222105 135,815.00 $23,364,254.45
1.08% CME Group Inc 12572Q105 93,076.00 $22,898,557.52
1.07% ELEVANCE HEALTH INC 036752103 57,506.00 $22,598,707.88
1.05% Lockheed Martin Corp 539830109 43,099.00 $22,302,870.52
1.04% CRH PLC G25508105 214,553.00 $22,064,630.52
1.01% Airbnb Inc 009066101 156,718.00 $21,363,797.76
1.01% Lam Research Corp 512807306 283,500.00 $21,322,035.00
0.99% GoDaddy Inc 380237107 100,489.00 $20,955,976.06
0.98% Cummins Inc 231021106 54,789.00 $20,741,471.73
0.96% Arthur J Gallagher & Co 363576109 67,020.00 $20,305,719.60
0.95% Diamondback Energy Inc 25278X109 116,923.00 $20,190,263.64
0.95% Paychex Inc 704326107 142,165.00 $20,244,296.00
0.94% Kroger Co/The 501044101 327,108.00 $19,858,726.68
0.92% Electronic Arts Inc 285512109 117,489.00 $19,458,528.18
0.91% General Dynamics Corp 369550108 70,372.00 $19,362,855.80
0.91% Smurfit WestRock PLC G8267P108 352,128.00 $19,286,050.56
0.90% AMETEK Inc 031100100 98,397.00 $19,057,530.96
0.90% Comfort Systems USA Inc 199908104 38,557.00 $19,168,226.98
0.90% Sysco Corp 871829107 234,177.00 $19,148,653.29
0.89% Corpay Inc 219948106 51,634.00 $18,979,625.72
0.89% Jabil Inc 466313103 138,337.00 $18,783,397.86
0.88% Owens Corning 690742101 93,330.00 $18,680,932.80
0.88% Williams-Sonoma Inc 969904101 102,339.00 $18,720,873.27
0.87% Cognizant Technology Solutions Corp 192446102 229,227.00 $18,505,495.71
0.87% Westinghouse Air Brake Technologies Corp 929740108 91,359.00 $18,539,481.87
0.86% Ferguson Enterprises Inc 31488V107 84,838.00 $18,255,440.84
0.86% Fidelity National Information Services Inc 31620M106 212,952.00 $18,205,266.48
0.85% US Foods Holding Corp 912008109 248,138.00 $17,947,821.54
0.84% Zoom Communications Inc 98980L101 212,562.00 $17,719,168.32
0.83% Broadridge Financial Solutions Inc 11133T103 74,824.00 $17,651,729.84
0.83% EPAM Systems Inc 29414B104 73,570.00 $17,684,020.90
0.82% Jazz Pharmaceuticals PLC G50871105 141,578.00 $17,433,914.92
0.82% Packaging Corp of America 695156109 71,255.00 $17,410,446.70
0.82% Permian Resources Corp 71424F105 1,135,439.00 $17,338,153.53
0.81% Dropbox Inc 26210C104 597,436.00 $17,164,336.28
0.81% F5 Inc 315616102 66,453.00 $17,081,743.65
0.81% Omnicom Group Inc 681919106 166,930.00 $17,217,160.20
0.80% Globus Medical Inc 379577208 203,139.00 $16,878,819.51
0.80% Lennar Corp 526057104 102,643.00 $16,935,068.57
0.80% NetApp Inc 64110D104 132,219.00 $17,028,485.01
0.80% Teledyne Technologies Inc 879360105 35,798.00 $17,065,622.56
0.78% SS&C Technologies Holdings Inc 78467J100 215,318.00 $16,465,367.46
0.78% Toll Brothers Inc 889478103 106,968.00 $16,488,047.52
0.77% Lincoln Electric Holdings Inc 533900106 77,003.00 $16,324,636.00
0.76% General Mills Inc 370334104 246,455.00 $16,155,125.25
0.76% Hormel Foods Corp 440452100 490,082.00 $16,104,094.52
0.75% Quest Diagnostics Inc 74834L100 100,652.00 $15,955,355.04
0.74% ON Semiconductor Corp 682189105 238,806.00 $15,699,106.44
0.74% PulteGroup Inc 745867101 122,987.00 $15,726,347.69
0.74% VeriSign Inc 92343E102 82,696.00 $15,626,236.16
0.73% Darden Restaurants Inc 237194105 90,784.00 $15,539,497.28
0.72% Cboe Global Markets Inc 12503M108 73,117.00 $15,248,550.35
0.72% Graco Inc 384109104 171,412.00 $15,272,809.20
0.72% Hershey Co/The 427866108 88,118.00 $15,376,591.00
0.72% NVR Inc 62944T105 1,702.00 $15,241,427.02
0.72% ULTA BEAUTY INC 90384S303 38,873.00 $15,272,035.51
0.71% Amdocs Ltd G02602103 172,369.00 $15,004,721.45
0.71% LKQ Corp 501889208 378,964.00 $15,052,450.08
0.71% TEMPUR SEALY INTERNATIONAL INC 88023U101 271,961.00 $15,020,406.03
0.70% Masco Corp 574599106 185,566.00 $14,917,650.74
0.70% Textron Inc 883203101 179,747.00 $14,938,773.17
0.69% Dick's Sporting Goods Inc 253393102 70,313.00 $14,675,729.36
0.68% Allegion plc G0176J109 103,281.00 $14,492,389.92
0.66% Avery Dennison Corp 053611109 68,968.00 $14,020,504.72
0.66% TopBuild Corp 89055F103 37,475.00 $14,019,772.25
0.66% Medpace Holdings Inc 58506Q109 40,839.00 $13,979,189.70
0.65% Eastman Chemical Co 277432100 135,048.00 $13,708,722.48
0.65% Genuine Parts Co 372460105 110,849.00 $13,703,153.38
0.65% Skyworks Solutions Inc 83088M102 158,727.00 $13,717,187.34
0.61% WEX Inc 96208T104 71,040.00 $12,979,008.00
0.60% Universal Health Services Inc 913903100 64,451.00 $12,635,618.55
0.59% A O Smith Corp 831865209 173,972.00 $12,581,655.04
0.58% Advanced Drainage Systems Inc 00790R104 95,768.00 $12,329,172.32
0.54% Crocs Inc 227046109 104,010.00 $11,431,739.10
0.53% ICON PLC G4705A100 53,970.00 $11,306,175.30
0.51% Huntington Ingalls Industries Inc 446413106 57,538.00 $10,867,777.44
0.46% Qorvo Inc 74736K101 142,700.00 $9,802,063.00
0.29% First American Government Obligations Fund 12/01/2031 31846V336 6,131,932.64 $6,131,932.64
0.09% Cash & Other Cash&Other 1,883,420.75 $1,883,420.75

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).

Equity Market Risk: The equity securities held in the Fund’s portfolio may experience sudden, unpredictable drops in value or long periods of decline in value. This may occur because of factors that affect securities markets generally or factors affecting specific issuers, industries, or sectors in which the Fund invests. Management Risk: The Fund is actively managed and may not meet its investment objective based on the Adviser’s success or failure to implement investment strategies for the Fund.

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.
S&P 500 Index: Tracks the performance of roughly 500 of the largest U.S. stocks. It is not possible to invest directly in an index.

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