Key stats
About Distillate Small/Mid Cash Flow ETF
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Inception date
Oct 5, 2022
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Distillate Capital Partners LLC
Distributor
Quasar Distributors LLC
DSMC seeks to identify undervalued companies using free cash flow. The fund targets the US mid- and small-cap space, which the adviser defines as the bottom 15% of the total US market capitalization. To be eligible for inclusion, companies must: i) be headquartered in the US, ii) have sufficient liquidity, iii) have reported free cash flow data for the last three fiscal years, and iv) have forward EBITDA estimates. The funds initial universe excludes companies with negative forward 12-month free cash flow estimates from FactSet Research Systems. Eligible companies are then reviewed using a proprietary analysis that focuses on free cash flow yield, which the adviser believes indicates a companys valuation. In addition, the fund adviser also considers a companys leverage calculation to measure quality. As an actively managed fund, the adviser has the discretion to include or exclude companies based on unusual data or fundamental conditions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Producer Manufacturing
Stocks99.82%
Producer Manufacturing10.72%
Energy Minerals9.86%
Consumer Durables9.27%
Retail Trade8.98%
Health Technology7.43%
Commercial Services7.09%
Electronic Technology6.78%
Technology Services6.44%
Process Industries6.15%
Consumer Non-Durables5.80%
Finance4.35%
Transportation4.15%
Consumer Services3.74%
Industrial Services3.57%
Distribution Services2.41%
Non-Energy Minerals2.16%
Health Services0.48%
Miscellaneous0.45%
Bonds, Cash & Other0.18%
Cash0.11%
Mutual fund0.08%
Stock breakdown by region
North America98.53%
Europe1.47%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history