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 06/21/2024

Ticker DSTL
NAV 51.90
Market Price 51.93
Net Assets $1,813,973,698
Shares Outstanding 34,950,000
30-day SEC Yield as of 5/31/2024
1.51%
Inception 10/23/2018
Primary Exchange NYSE
CUSIP 26922A321
Expense Ratio 0.39%
Premium/Discount % 0.05
Median 30-day Bid/Ask Spread 0.04%

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

10/23/2018-3/31/2024

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 5 YR SINCE INCEPTION2
1DSTL NAV 9.57% 26.75% 12.37% 17.08% 16.57%
2DSTL MKT 9.51% 26.68% 12.31% 17.07% 16.54%
3S&P 500 TR 10.56% 29.88% 11.49% 15.05% 14.67%

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 06/21/2024

 2023Q1 2024
Days at premium15333
Days at zero premium/discount285
Days at discount6623

DISTRIBUTIONS

Ex-Date Record Date Payable Date Amount Type
03/20/2024 03/21/2024 03/22/2024 $0.15402 Div Income
12/27/2023 12/28/2023 12/29/2023 $0.21743 Div Income
9/20/2023 9/21/2023 9/22/2023 $0.14454 Div Income
6/21/2023 6/22/2023 6/23/2023 $0.14864 Div Income
3/22/2023 3/23/2023 3/24/2023 $0.12951 Div Income
12/28/2022 12/29/2022 12/30/2022 $0.19408 Div Income
9/21/2022 9/22/2022 9/23/2022 $0.09864 Div Income
6/22/2022 6/23/2022 6/24/2022 $0.13385 Div Income
3/23/2022 3/24/2022 3/25/2022 $0.12287 Div Income
12/22/2021 12/23/2021 12/27/2021 $0.14979 Div Income
9/22/2021 9/23/2021 9/24/2021 $0.11952 Div Income
6/23/2021 6/24/2021 6/25/2021 $0.09591 Div Income
3/24/2021 3/25/2021 3/26/2021 $0.10351 Div Income
12/23/2020 12/24/2020 12/28/2020 $0.30298 Div Income
12/30/2019 12/31/2019 1/2/2020 $0.29725 Div Income
12/28/2018 12/31/2018 1/2/2019 $0.10206 Div Income

TOP 10 HOLDINGS

As of 06/24/2024

Percent Net Assets Name Identifier Shares Held Market Value
3.05% UnitedHealth Group Inc 91324P102 114,708.00 $55,356,933.72
2.40% Johnson & Johnson 478160104 292,641.00 $43,530,348.75
2.35% AbbVie Inc 00287Y109 250,210.00 $42,633,281.90
2.34% Alphabet Inc 02079K305 235,945.00 $42,382,800.35
2.25% T-Mobile US Inc 872590104 230,468.00 $40,730,609.64
1.81% QUALCOMM Inc 747525103 154,579.00 $32,852,674.87
1.79% Amgen Inc 031162100 105,106.00 $32,389,464.96
1.76% Philip Morris International Inc 718172109 319,933.00 $31,967,705.36
1.63% Comcast Corp 20030N101 769,791.00 $29,621,557.68
1.60% Cisco Systems Inc 17275R102 614,849.00 $29,076,209.21
1.51% ELEVANCE HEALTH INC 036752103 51,193.00 $27,358,563.06
1.48% Cigna Group/The 125523100 79,208.00 $26,929,135.84
1.48% Altria Group Inc 02209S103 587,352.00 $26,865,480.48
1.43% Bristol-Myers Squibb Co 110122108 620,652.00 $26,023,938.36
1.41% Booking Holdings Inc 09857L108 6,402.00 $25,538,218.20
1.30% Honeywell International Inc 438516106 109,770.00 $23,610,429.30
1.25% Lockheed Martin Corp 539830109 48,388.00 $22,626,228.80
1.20% CVS Health Corp 126650100 355,731.00 $21,831,211.47
1.20% Lowe's Cos Inc 548661107 95,119.00 $21,743,252.21
1.20% McKesson Corp 58155Q103 36,208.00 $21,836,320.64
1.17% BlackRock Inc 09247X101 26,873.00 $21,165,174.80
1.17% Vertex Pharmaceuticals Inc 92532F100 45,263.00 $21,215,220.73
1.14% Regeneron Pharmaceuticals Inc 75886F107 19,588.00 $20,628,906.32
1.13% Automatic Data Processing Inc 053015103 82,797.00 $20,531,172.09
1.12% General Dynamics Corp 369550108 68,203.00 $20,341,544.75
1.12% 3M Co 88579Y101 198,713.00 $20,346,224.07
1.11% Enterprise Products Partners LP 293792107 707,181.00 $20,204,161.17
1.02% Exxon Mobil Corp 30231G102 167,626.00 $18,566,255.76
1.01% Diamondback Energy Inc 25278X109 95,650.00 $18,257,672.00
0.99% Arthur J Gallagher & Co 363576109 68,022.00 $17,998,621.20
0.97% NetApp Inc 64110D104 137,309.00 $17,526,120.76
0.95% PayPal Holdings Inc 70450Y103 285,742.00 $17,318,822.62
0.92% CME Group Inc 12572Q105 85,477.00 $16,623,566.96
0.92% GoDaddy Inc 380237107 120,635.00 $16,606,614.10
0.92% Microchip Technology Inc 595017104 182,468.00 $16,710,419.44
0.92% Paychex Inc 704326107 132,396.00 $16,676,600.16
0.91% Westinghouse Air Brake Technologies Corp 929740108 102,609.00 $16,523,127.27
0.90% General Mills Inc 370334104 242,833.00 $16,289,237.64
0.89% Electronic Arts Inc 285512109 115,542.00 $16,067,270.52
0.89% Lennar Corp 526057104 106,306.00 $16,110,674.30
0.88% Aon PLC G0403H108 53,541.00 $15,926,305.86
0.87% PACCAR Inc 693718108 149,321.00 $15,822,053.16
0.86% Brown & Brown Inc 115236101 168,240.00 $15,649,684.80
0.86% Cummins Inc 231021106 56,558.00 $15,663,172.52
0.85% Corpay Inc 219948106 57,956.00 $15,482,945.40
0.85% Quest Diagnostics Inc 74834L100 110,307.00 $15,328,260.72
0.85% Kroger Co/The 501044101 308,402.00 $15,484,864.42
0.84% Cardinal Health Inc 14149Y108 146,055.00 $15,281,734.65
0.84% CRH PLC G25508105 201,569.00 $15,272,883.13
0.84% Cognizant Technology Solutions Corp 192446102 221,759.00 $15,155,010.06
0.84% Owens Corning 690742101 85,422.00 $15,179,489.40
0.84% PulteGroup Inc 745867101 135,983.00 $15,171,623.31
0.83% Omnicom Group Inc 681919106 166,164.00 $15,032,857.08
0.83% Skyworks Solutions Inc 83088M102 141,091.00 $15,009,260.58
0.83% United Rentals Inc 911363109 23,382.00 $14,982,717.96
0.82% Hershey Co/The 427866108 81,958.00 $14,923,732.22
0.81% Universal Health Services Inc 913903100 78,101.00 $14,768,899.10
0.80% Dick's Sporting Goods Inc 253393102 63,644.00 $14,595,478.52
0.80% ON Semiconductor Corp 682189105 212,248.00 $14,543,232.96
0.79% ICON PLC G4705A100 44,966.00 $14,334,261.48
0.79% NVR Inc 62944T105 1,880.00 $14,337,669.60
0.79% Westlake Corp 960413102 96,307.00 $14,250,546.79
0.78% SS&C Technologies Holdings Inc 78467J100 226,140.00 $14,077,215.00
0.77% Cboe Global Markets Inc 12503M108 78,912.00 $13,881,409.92
0.77% Chesapeake Energy Corp 165167735 170,286.00 $14,034,972.12
0.77% US Foods Holding Corp 912008109 261,559.00 $13,977,712.96
0.77% Williams-Sonoma Inc 969904101 46,264.00 $14,034,647.04
0.76% Eastman Chemical Co 277432100 139,996.00 $13,805,005.56
0.76% Packaging Corp of America 695156109 75,682.00 $13,874,781.06
0.76% Qorvo Inc 74736K101 121,411.00 $13,782,576.72
0.76% VeriSign Inc 92343E102 75,690.00 $13,752,116.10
0.73% A O Smith Corp 831865209 156,806.00 $13,193,656.84
0.73% Neurocrine Biosciences Inc 64125C109 98,202.00 $13,215,043.14
0.73% Teledyne Technologies Inc 879360105 34,187.00 $13,285,068.20
0.73% Toll Brothers Inc 889478103 113,366.00 $13,277,425.92
0.72% Jazz Pharmaceuticals PLC G50871105 121,719.00 $13,142,000.43
0.72% Permian Resources Corp 71424F105 852,416.00 $13,135,730.56
0.72% Snap-on Inc 833034101 49,249.00 $13,137,170.75
0.72% Textron Inc 883203101 149,859.00 $12,998,769.66
0.71% Teleflex Inc 879369106 63,143.00 $12,843,286.20
0.70% Knight-Swift Transportation Holdings Inc 499049104 262,692.00 $12,701,158.20
0.69% Dropbox Inc 26210C104 569,126.00 $12,594,758.38
0.69% Etsy Inc 29786A106 206,823.00 $12,444,539.91
0.69% Masco Corp 574599106 184,930.00 $12,545,651.20
0.68% TopBuild Corp 89055F103 31,801.00 $12,350,872.38
0.68% F5 Inc 315616102 72,926.00 $12,368,249.60
0.67% Amdocs Ltd G02602103 155,263.00 $12,185,040.24
0.67% Jabil Inc 466313103 107,167.00 $12,130,232.73
0.66% Allegion plc G0176J109 103,224.00 $11,997,725.52
0.66% WillScot Mobile Mini Holdings Corp 971378104 303,128.00 $12,000,837.52
0.65% Huntington Ingalls Industries Inc 446413106 47,255.00 $11,762,242.05
0.65% TEMPUR SEALY INTERNATIONAL INC 88023U101 243,314.00 $11,822,627.26
0.63% LKQ Corp 501889208 275,496.00 $11,477,163.36
0.62% Middleby Corp/The 596278101 88,790.00 $11,178,661.00
0.62% Vail Resorts Inc 91879Q109 62,380.00 $11,200,952.80
0.62% Robert Half Inc 770323103 174,106.00 $11,325,595.30
0.61% Eagle Materials Inc 26969P108 50,851.00 $11,008,224.48
0.61% ULTA BEAUTY INC 90384S303 28,806.00 $11,057,183.10
0.57% WEX Inc 96208T104 59,308.00 $10,309,509.64
0.56% Builders FirstSource Inc 12008R107 71,525.00 $10,241,664.75
0.36% First American Government Obligations Fund 12/01/2031 31846V336 6,601,872.96 $6,601,872.96
0.21% Cash & Other Cash&Other 3,795,179.19 $3,795,179.19
0.14% Solventum Corp 83444M101 49,657.00 $2,599,543.95

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.