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 10/11/2024

Ticker DSTL
NAV 56.98
Market Price 56.99
Net Assets $2,091,133,811
Shares Outstanding 36,700,000
30-day SEC Yield as of 9/30/2024 1.25%
Inception 10/23/2018
Primary Exchange NYSE
CUSIP 26922A321
Expense Ratio 0.39%
Premium/Discount % 0.02
Median 30-day Bid/Ask Spread 0.07%

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 10/11/2024

 2023Q1 2024Q2 2024Q3 2024Q4 2024
Days at premium1533330425
Days at zero premium/discount285850
Days at discount662325174

DISTRIBUTIONS

Ex-Date Record Date Payable Date Amount Type
09/25/2024 09/25/2024 09/26/2024 $0.14932 Div Income
         
         
         

TOP 10 HOLDINGS

As of 10/14/2024

Percent Net Assets Name Identifier Shares Held Market Value
3.29% UnitedHealth Group Inc 91324P102 115,112.00 $68,842,731.60
2.65% Johnson & Johnson 478160104 342,797.00 $55,348,003.62
2.56% AbbVie Inc 00287Y109 275,348.00 $53,469,828.12
2.25% T-Mobile US Inc 872590104 221,142.00 $47,112,091.68
2.03% Cisco Systems Inc 17275R102 784,011.00 $42,532,596.75
1.86% Comcast Corp 20030N101 943,108.00 $38,912,636.08
1.81% Amgen Inc 031162100 114,973.00 $37,751,384.55
1.75% Salesforce Inc 79466L302 126,721.00 $36,508,320.10
1.60% Cigna Group/The 125523100 95,649.00 $33,505,844.70
1.59% QUALCOMM Inc 747525103 195,207.00 $33,181,285.86
1.45% Abbott Laboratories 002824100 261,970.00 $30,419,956.40
1.39% ELEVANCE HEALTH INC 036752103 57,935.00 $29,076,417.80
1.39% Altria Group Inc 02209S103 584,844.00 $29,148,624.96
1.37% Lowe's Cos Inc 548661107 103,667.00 $28,587,211.92
1.36% Booking Holdings Inc 09857L108 6,659.00 $28,532,017.07
1.34% Applied Materials Inc 038222105 136,838.00 $28,060,000.28
1.33% Blackrock Inc 09290D101 28,114.00 $27,840,169.64
1.31% Automatic Data Processing Inc 053015103 95,208.00 $27,454,178.88
1.29% Honeywell International Inc 438516106 124,438.00 $26,877,363.62
1.25% Lockheed Martin Corp 539830109 43,418.00 $26,231,853.06
1.18% McKesson Corp 58155Q103 48,876.00 $24,711,216.84
1.13% Lam Research Corp 512807306 285,590.00 $23,672,555.10
1.13% PayPal Holdings Inc 70450Y103 294,557.00 $23,714,784.07
1.12% Enterprise Products Partners LP 293792107 795,032.00 $23,413,692.40
1.12% PACCAR Inc 693718108 219,455.00 $23,437,794.00
1.10% Diamondback Energy Inc 25278X109 117,803.00 $22,966,872.88
1.08% FedEx Corp 31428X106 85,422.00 $22,582,159.92
1.06% MPLX LP 55336V100 500,879.00 $22,198,957.28
1.02% General Dynamics Corp 369550108 70,900.00 $21,230,296.00
1.01% Airbnb Inc 009066101 157,895.00 $21,221,088.00
0.99% CME Group Inc 12572Q105 93,769.00 $20,790,462.68
0.95% CRH PLC G25508105 216,170.00 $19,822,789.00
0.95% Paychex Inc 704326107 143,232.00 $19,893,492.48
0.93% Arthur J Gallagher & Co 363576109 67,515.00 $19,438,243.65
0.89% Cummins Inc 231021106 55,196.00 $18,549,719.72
0.89% Fidelity National Information Services Inc 31620M106 214,558.00 $18,612,906.50
0.88% Lennar Corp 526057104 103,413.00 $18,427,162.47
0.87% Kroger Co/The 501044101 329,572.00 $18,245,105.92
0.84% Corpay Inc 219948106 52,019.00 $17,651,087.08
0.84% Cognizant Technology Solutions Corp 192446102 230,954.00 $17,538,646.76
0.84% General Mills Inc 370334104 248,314.00 $17,583,114.34
0.84% Sysco Corp 871829107 235,937.00 $17,558,431.54
0.83% Jabil Inc 466313103 139,371.00 $17,314,059.33
0.83% Omnicom Group Inc 681919106 168,184.00 $17,299,406.24
0.83% Westinghouse Air Brake Technologies Corp 929740108 92,041.00 $17,299,105.95
0.82% PulteGroup Inc 745867101 123,911.00 $17,248,411.20
0.81% AMETEK Inc 031100100 99,134.00 $16,891,442.26
0.81% Electronic Arts Inc 285512109 118,369.00 $16,955,175.56
0.81% Ferguson Enterprises Inc 31488V107 85,476.00 $16,983,226.44
0.81% NetApp Inc 64110D104 133,209.00 $16,908,218.37
0.81% Owens Corning 690742101 94,034.00 $16,968,435.30
0.81% ON Semiconductor Corp 682189105 240,599.00 $16,921,327.67
0.80% Broadridge Financial Solutions Inc 11133T103 75,385.00 $16,640,484.90
0.79% GoDaddy Inc 380237107 101,237.00 $16,514,791.81
0.79% Hershey Co/The 427866108 88,778.00 $16,510,932.44
0.79% Permian Resources Corp 71424F105 1,144,008.00 $16,610,996.16
0.78% NVR Inc 62944T105 1,713.00 $16,332,067.47
0.78% SS&C Technologies Holdings Inc 78467J100 216,935.00 $16,365,576.40
0.78% Teledyne Technologies Inc 879360105 36,062.00 $16,375,032.96
0.77% Comfort Systems USA Inc 199908104 38,843.00 $16,145,869.81
0.77% ICON PLC G4705A100 54,377.00 $16,130,937.05
0.77% Smurfit WestRock PLC G8267P108 354,779.00 $16,177,922.40
0.77% Toll Brothers Inc 889478103 107,771.00 $16,150,562.06
0.76% Textron Inc 883203101 181,100.00 $15,929,556.00
0.75% Dropbox Inc 26210C104 601,946.00 $15,590,401.40
0.75% Masco Corp 574599106 186,963.00 $15,609,540.87
0.75% Packaging Corp of America 695156109 71,783.00 $15,645,104.85
0.75% VeriSign Inc 92343E102 83,312.00 $15,670,987.20
0.74% Jazz Pharmaceuticals PLC G50871105 142,645.00 $15,519,776.00
0.74% Skyworks Solutions Inc 83088M102 159,915.00 $15,559,729.50
0.73% Allegion plc G0176J109 104,051.00 $15,326,712.30
0.73% Cboe Global Markets Inc 12503M108 73,667.00 $15,175,402.00
0.73% Amdocs Ltd G02602103 173,667.00 $15,326,112.75
0.73% Genuine Parts Co 372460105 111,685.00 $15,327,649.40
0.73% Hormel Foods Corp 440452100 493,778.00 $15,346,620.24
0.73% US Foods Holding Corp 912008109 250,008.00 $15,322,990.32
0.73% WEX Inc 96208T104 71,568.00 $15,289,071.84
0.72% Avery Dennison Corp 053611109 69,485.00 $15,149,814.55
0.72% Quest Diagnostics Inc 74834L100 101,411.00 $15,076,773.37
0.72% Eastman Chemical Co 277432100 136,060.00 $15,044,154.20
0.72% Huntington Ingalls Industries Inc 446413106 57,967.00 $15,036,060.13
0.72% Lincoln Electric Holdings Inc 533900106 77,575.00 $15,075,149.75
0.72% Zoom Video Communications Inc 98980L101 214,157.00 $15,136,616.76
0.71% F5 Inc 315616102 66,948.00 $14,903,963.76
0.71% Graco Inc 384109104 172,699.00 $14,903,923.70
0.71% LKQ Corp 501889208 381,824.00 $14,906,408.96
0.71% Advanced Drainage Systems Inc 00790R104 96,483.00 $14,762,863.83
0.71% Williams-Sonoma Inc 969904101 103,109.00 $14,883,784.15
0.70% TopBuild Corp 89055F103 37,750.00 $14,608,872.50
0.70% Crocs Inc 227046109 104,791.00 $14,623,584.05
0.70% Dick's Sporting Goods Inc 253393102 70,841.00 $14,562,784.37
0.70% Qorvo Inc 74736K101 143,767.00 $14,639,793.61
0.69% Darden Restaurants Inc 237194105 91,466.00 $14,334,551.52
0.69% EPAM Systems Inc 29414B104 74,120.00 $14,455,623.60
0.69% Globus Medical Inc 379577208 204,668.00 $14,443,420.76
0.69% ULTA BEAUTY INC 90384S303 39,159.00 $14,511,542.22
0.68% A O Smith Corp 831865209 175,281.00 $14,174,974.47
0.68% Medpace Holdings Inc 58506Q109 41,147.00 $14,315,452.77
0.67% Universal Health Services Inc 913903100 64,935.00 $13,917,518.55
0.66% TEMPUR SEALY INTERNATIONAL INC 88023U101 274,007.00 $13,875,714.48
0.11% First American Government Obligations Fund 12/01/2031 31846V336 2,400,930.71 $2,400,930.71
0.06% Cash & Other Cash&Other 1,329,933.65 $1,329,933.65

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.