Distillate U.S. Fundamental Stability & Value ETF

DSTL

Distillate U.S. Fundamental Stability & Value ETF

Our economy has undergone tectonic changes over the last several decades, and we believe accounting rules have not kept up, rendering many traditional measures of value, quality, and risk unhelpful.

By drawing on decades of experience as fundamental investors, we have developed customized measures of value and quality that are particularly relevant to today’s long-term investors. We utilize these measures in our investment process to exploit behavioral biases and minimize risk by eliminating stocks that are either expensive, have volatile fundamentals, or are significantly indebted.

  • Rationally-defined value: utilizes Distillate Capital’s proprietary normalized cash yield methodology, which focuses on through-cycle durability of an asset’s cash generation and indebtedness.
  • Rationally-defined quality: focuses on long-term fundamental stability and leverage rather than short-term price volatility.
  • Rationally-defined risk: operates as a function of quality and value; de-emphasizes short-term price fluctuations.

DSTL is designed to offer investors exposure to an attractively valued portfolio of approximately 100 U.S. large-cap stocks that meet specific parameters including free cash flow-based valuation, long-term fundamental stability and balance sheet quality.

 

FUND DATA & PRICING
Net Assets as of 04/12/2024 $1756.82m
NAV $51.41
Shares Outstanding 34,175,000
Premium/discount Percentage 0.03%
Closing Price $51.42
Median 30-Day Bid/Ask Spread 0.02%

Data as of 04/12/2024

IOPV, or indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.

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.

PERFORMANCE Quarter end returns as of 12/31/2023
  AVG. ANNUALIZED
  Quarter 1 Year 5 Year Since Inception
Fund NAV 11.082% 22.670% 17.861% 15.371%
Market Price 11.083% 22.723% 17.955% 15.358%
S&P 500® Index 11.692% 26.288% 15.686% 13.206%

Expense ratio: 0.39%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. 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”). Shares are bought and sold at the market price, not NAV. 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). Performance current to the most recent month-end can be obtained by calling 1-800-617-0004.

DISTRIBUTION DETAIL
EX- Date Record Date Payable Date Amount Type
12/28/2018 12/31/2018 1/2/2019 $0.10206 Div Income
12/30/2019 12/31/2019 1/2/2020 $0.29725 Div Income
12/23/2020 12/24/2020 12/28/2020 $0.30298 Div Income
3/24/2021 3/25/2021 3/26/2021 $0.10351 Div Income
6/23/2021 6/24/2021 6/25/2021 $0.09591 Div Income
9/22/2021 9/23/2021 6/24/2021 $0.11952 Div Income
12/22/2021 12/23/2021 12/27/2021 $0.14979 Div Income
3/23/2022 3/24/2022 3/25/2022 $0.12287 Div Income
6/22/2022 6/23/2022 6/24/2022 $0.13385 Div Income
9/21/2022 9/22/2022 9/23/2022 $0.09864 Div Income
12/28/2022 12/29/2022 12/30/2022 $0.19408 Div Income
3/22/2023 3/23/2023 3/24/2023 $0.12951 Div Income
6/21/2023 6/22/2023 6/23/2023 $0.14864 Div Income
9/20/2023 9/21/2023 9/22/2023 $0.14454 Div Income
12/27/2023 12/28/2023 12/29/2023 $0.21743 Div Income
3/20/2024 3/21/2024 3/22/2024 $0.15402 Div Income
TOP 10 HOLDINGS Download Full Holdings
Percentage Of Net Assets Name Identifier Shares Held Market Value
2.80% UnitedHealth Group Inc UNH 112,155 49,258,476.00
2.40% Johnson & Johnson JNJ 286,151 42,212,995.52
2.26% AbbVie Inc ABBV 244,670 39,705,047.60
2.16% Alphabet Inc GOOGL 240,509 37,935,484.57
2.05% T-Mobile US Inc TMUS 225,373 36,070,948.65
1.69% Comcast Corp CMCSA 752,686 29,633,247.82
1.67% Bristol-Myers Squibb Co BMY 606,875 29,299,925.00
1.66% Cisco Systems Inc CSCO 601,229 29,153,594.21
1.58% Philip Morris International Inc PM 312,854 27,797,077.90
1.56% Amgen Inc AMGN 102,781 27,471,305.68
Data as of 04/15/2024. Holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security.