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 07/18/2024

Ticker DSTL
NAV 53.75
Market Price 53.79
Net Assets $1,887,836,255
Shares Outstanding 35,125,000
30-day SEC Yield as of 6/30/2024 1.50%
Inception 10/23/2018
Primary Exchange NYSE
CUSIP 26922A321
Expense Ratio 0.39%
Premium/Discount % 0.08
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

10/23/2018-6/30/2024

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 5 YR SINCE INCEPTION2
1DSTL NAV 4.85% 15.26% 8.69% 15.00% 14.89%
2DSTL MKT 4.80% 15.18% 8.68% 14.97% 14.87%
3S&P 500 TR 15.29% 24.56% 10.01% 15.05% 14.83%

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 07/18/2024

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

DISTRIBUTIONS

Ex-Date Record Date Payable Date Amount Type
06/26/2024 06/26/2024 06/27/2024 $0.20262 Div Income
         
         
         

TOP 10 HOLDINGS

As of 07/19/2024

Percent Net Assets Name Identifier Shares Held Market Value
3.68% UnitedHealth Group Inc 91324P102 123,371.00 $69,623,190.14
2.69% Johnson & Johnson 478160104 327,318.00 $50,871,763.56
2.52% AbbVie Inc 00287Y109 278,912.00 $47,732,999.68
2.19% T-Mobile US Inc 872590104 227,200.00 $41,416,288.00
2.01% Home Depot Inc/The 437076102 104,191.00 $38,142,241.28
1.96% Comcast Corp 20030N101 923,698.00 $37,077,237.72
1.87% Amgen Inc 031162100 107,043.00 $35,428,021.71
1.73% Cisco Systems Inc 17275R102 683,399.00 $32,830,487.96
1.57% Cigna Group/The 125523100 87,161.00 $29,680,063.72
1.53% Salesforce Inc 79466L302 117,403.00 $29,039,632.05
1.49% Altria Group Inc 02209S103 572,606.00 $28,246,653.98
1.40% Lowe's Cos Inc 548661107 110,583.00 $26,470,252.71
1.38% ELEVANCE HEALTH INC 036752103 51,641.00 $26,064,245.52
1.33% Abbott Laboratories 002824100 251,566.00 $25,174,209.62
1.27% Booking Holdings Inc 09857L108 6,102.00 $23,984,277.12
1.26% BlackRock Inc 09247X101 28,832.00 $23,901,728.00
1.21% Honeywell International Inc 438516106 105,213.00 $22,901,713.71
1.19% Lockheed Martin Corp 539830109 47,476.00 $22,598,576.00
1.16% Enterprise Products Partners LP 293792107 733,893.00 $21,892,028.19
1.12% Fiserv Inc 337738108 134,839.00 $21,262,761.91
1.11% Diamondback Energy Inc 25278X109 100,207.00 $21,046,476.21
1.07% Automatic Data Processing Inc 053015103 81,591.00 $20,185,613.40
1.05% PACCAR Inc 693718108 180,220.00 $19,820,595.60
1.04% Lennar Corp 526057104 115,690.00 $19,670,770.70
1.04% McKesson Corp 58155Q103 34,164.00 $19,761,482.52
1.04% PayPal Holdings Inc 70450Y103 328,522.00 $19,711,320.00
1.01% General Dynamics Corp 369550108 65,113.00 $19,095,689.51
1.00% CME Group Inc 12572Q105 94,783.00 $19,014,417.63
1.00% CRH PLC G25508105 238,416.00 $18,985,066.08
1.00% Parker-Hannifin Corp 701094104 34,725.00 $19,017,840.75
1.00% United Rentals Inc 911363109 25,874.00 $18,847,915.30
0.96% Illinois Tool Works Inc 452308109 72,803.00 $18,149,059.87
0.96% Kroger Co/The 501044101 333,199.00 $18,262,637.19
0.94% Airbnb Inc 009066101 120,931.00 $17,762,345.28
0.93% Cognizant Technology Solutions Corp 192446102 231,121.00 $17,558,262.37
0.92% Arthur J Gallagher & Co 363576109 64,177.00 $17,361,803.81
0.92% PulteGroup Inc 745867101 139,422.00 $17,399,865.60
0.89% Cummins Inc 231021106 56,784.00 $16,934,692.32
0.87% ON Semiconductor Corp 682189105 218,796.00 $16,503,782.28
0.86% Builders FirstSource Inc 12008R107 102,562.00 $16,301,204.28
0.86% Skyworks Solutions Inc 83088M102 138,200.00 $16,223,298.00
0.85% Fidelity National Information Services Inc 31620M106 212,252.00 $16,139,642.08
0.85% General Mills Inc 370334104 245,768.00 $16,102,719.36
0.85% Hershey Co/The 427866108 83,000.00 $16,047,220.00
0.84% NVR Inc 62944T105 1,889.00 $15,882,069.74
0.84% Paychex Inc 704326107 127,530.00 $15,844,327.20
0.83% Electronic Arts Inc 285512109 107,021.00 $15,680,716.92
0.83% Sysco Corp 871829107 212,087.00 $15,770,789.32
0.83% Toll Brothers Inc 889478103 119,423.00 $15,687,405.28
0.82% Corpay Inc 219948106 52,616.00 $15,467,525.52
0.82% EPAM Systems Inc 29414B104 71,693.00 $15,591,076.71
0.82% Omnicom Group Inc 681919106 168,078.00 $15,478,303.02
0.81% TopBuild Corp 89055F103 34,326.00 $15,406,538.58
0.80% AMETEK Inc 031100100 88,265.00 $15,157,748.45
0.80% LKQ Corp 501889208 332,738.00 $15,119,614.72
0.80% SS&C Technologies Holdings Inc 78467J100 223,769.00 $15,131,259.78
0.79% ICON PLC G4705A100 45,453.00 $14,899,493.40
0.78% Cboe Global Markets Inc 12503M108 80,212.00 $14,754,195.28
0.78% GoDaddy Inc 380237107 102,577.00 $14,815,196.11
0.78% Masco Corp 574599106 200,837.00 $14,749,469.28
0.78% Permian Resources Corp 71424F105 912,010.00 $14,820,162.50
0.78% Qorvo Inc 74736K101 118,267.00 $14,734,885.53
0.78% Textron Inc 883203101 159,905.00 $14,810,401.10
0.77% Fortinet Inc 34959E109 250,438.00 $14,557,960.94
0.76% Akamai Technologies Inc 00971T101 150,141.00 $14,382,006.39
0.76% Amdocs Ltd G02602103 170,964.00 $14,318,235.00
0.76% Teledyne Technologies Inc 879360105 35,835.00 $14,302,465.20
0.75% Allegion plc G0176J109 111,224.00 $14,171,049.84
0.75% Dropbox Inc 26210C104 608,354.00 $14,132,063.42
0.75% Huntington Ingalls Industries Inc 446413106 52,960.00 $14,151,441.60
0.75% Lincoln Electric Holdings Inc 533900106 69,494.00 $14,280,322.06
0.75% ULTA BEAUTY INC 90384S303 36,324.00 $14,279,690.88
0.74% A O Smith Corp 831865209 156,651.00 $13,945,072.02
0.74% Packaging Corp of America 695156109 72,471.00 $13,955,015.76
0.74% WEX Inc 96208T104 75,331.00 $13,959,587.61
0.73% Etsy Inc 29786A106 217,370.00 $13,837,774.20
0.73% F5 Inc 315616102 78,055.00 $13,812,612.80
0.73% Globus Medical Inc 379577208 191,821.00 $13,797,684.53
0.73% Jabil Inc 466313103 123,306.00 $13,837,399.32
0.73% Owens Corning 690742101 78,724.00 $13,728,678.36
0.73% Teleflex Inc 879369106 63,096.00 $13,898,155.92
0.73% WillScot Mobile Mini Holdings Corp 971378104 338,171.00 $13,807,521.93
0.72% Align Technology Inc 016255101 54,700.00 $13,711,102.00
0.72% Graco Inc 384109104 164,462.00 $13,596,073.54
0.72% Genuine Parts Co 372460105 97,712.00 $13,705,085.12
0.72% Jazz Pharmaceuticals PLC G50871105 125,708.00 $13,682,058.72
0.72% NetApp Inc 64110D104 108,815.00 $13,720,483.35
0.72% VeriSign Inc 92343E102 76,267.00 $13,547,307.21
0.72% Williams-Sonoma Inc 969904101 91,914.00 $13,621,654.80
0.71% IDEX Corp 45167R104 65,222.00 $13,448,776.40
0.71% Zoom Video Communications Inc 98980L101 228,018.00 $13,487,264.70
0.70% Eastman Chemical Co 277432100 132,910.00 $13,220,557.70
0.70% Middleby Corp/The 596278101 102,646.00 $13,162,296.58
0.70% US Foods Holding Corp 912008109 251,575.00 $13,330,959.25
0.69% Darden Restaurants Inc 237194105 91,530.00 $13,076,891.10
0.69% Robert Half Inc 770323103 197,135.00 $13,142,990.45
0.68% Dick's Sporting Goods Inc 253393102 59,530.00 $12,857,884.70
0.68% Vail Resorts Inc 91879Q109 71,808.00 $12,896,716.80
0.68% Universal Health Services Inc 913903100 70,855.00 $12,858,765.40
0.61% Crocs Inc 227046109 88,312.00 $11,617,443.60
0.29% First American Government Obligations Fund 12/01/2031 31846V336 5,570,785.28 $5,570,785.28
0.09% Cash & Other Cash&Other 1,698,836.49 $1,698,836.49

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.