Investing involves risks and you may incur a profit or a loss. Past performance is no guarantee of future results.
* 2019 performance represents the period from 3/31/19 (inception) to 12/31/2019.
** Since inception performance represents the period from 3/31/19 (inception) to present (the date noted on the chart or table).
Free Cash Flow to Market Cap reflects next-twelve-month consensus (FactSet) free cash flow estimates divided by market capitalization, excluding those stocks >50% and <-20%. Free Cash Flow to Enterprise Value reflects next-twelve-month consensus (FactSet) free cash flow divided by enterprise value (market capitalization plus adjusted net debt), excluding those stocks >100% and <-100%. P/E is a measure of per share market value compared to next-twelve-month consensus (FactSet) EPS estimates. It excludes PE ratios less than 0 or greater than 250. Leverage is a measure of a company’s Adjusted Net Debt divided by the average of its estimated FY1 and FY2 Earnings Before Interest Taxes Depreciation & Amortization (FactSet).
Data for Small QV reflects the constituents of a representative composite account.
Distillate Capital Partners, LLC (“Distillate”), is an investment adviser registered with the United States Securities and Exchange Commission in accordance with the Investment Advisers Act of 1940. Registration as an investment advisor does not imply a certain level of skill or training. Distillate claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. To receive a GIPS Report and/or our firm’s list of composite descriptions please email your request to firstname.lastname@example.org. A copy of our International FSV GIPS Report can be downloaded HERE.
Returns are presented net of management fees and include the reinvestment of all income. Net of fee performance was calculated using an annual management fee rate of 0.55% applied 1/12th monthly, which is the highest investment management fee that may be charged for this composite. Policies for valuing portfolios, calculating performance, and preparing GIPS Reports are available upon request.
ETFs representing the Russell 2000 and and Russell 2000 Value indexes are provided as investable benchmarks for SMALL QV. The Russell 2000 Index reflects the investment results of small capitalization U.S. equities. The Russell 2000 Value Index reflects the investment results of small capitalization U.S. equities that meet FTSE Russell’s valuation criteria. Returns are calculated using the net asset value of the ETFs.