DSMC
Distillate Small/Mid Cash Flow ETF
DSMC holds approximately 150 small- and mid-cap U.S.-listed stocks, systematically selected using the firm's proprietary measures of quality and free cash flow based valuation.
US
EQUITY
Active
MANAGEMENT STYLE
104.3 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Distillate Capital |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 05, 2022 |
| Assets (mns) | $104 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CHESAPEAKE ENERGY CORP | 2.2 % |
| DILLARDS INC-CL A | 1.8 % |
| OWENS CORNING | 1.7 % |
| TOLL BROTHERS INC | 1.6 % |
| INTERDIGITAL INC | 1.5 % |
| ALPHA METALLURGICAL RESOURCES, INC. | 1.4 % |
| ATKORE INTERNATIONAL GROUP INC. | 1.3 % |
| ARCH COAL INC CLASS A | 1.3 % |
| CF INDUSTRIES HOLDINGS INC | 1.3 % |
| CHORD ENERGY CORPORATION | 1.3 % |
Constituent Breakdown
| Number of holdings | 148 |
| Herfindahl-Hirschman Index | 80 |
| Wgt avg mkt cap (mns) | $5,114 |
| Large cap (>$10bn) | 13.1% |
| Mid cap ($2-10bn) | 58.8% |
| Small cap (<$2bn) | 26.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.8 % |
 |
BERMUDA | 1.6 % |
 |
IRELAND | 1.1 % |
 |
CANADA | 0.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.0% | 21.5% | -- | -- | -- | -- | 16.4% | Volatility | 17.0% | 18.0% | 19.5% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.17 | 57% |
| MSCI EAFE | 1.04 | 63% |
| MSCI Emg Mkts | 0.81 | 48% |
Liquidity Measures
| Avg. volume (000) | 9 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $7,032 |
Technical Indicators
| Recent close | $37.26 |
| 30d moving avg. | $35.68 |
| Annualized volatility | 20.6% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DSMC |
Expenses vs. DSMC |
ALTAR Score™ vs. DSMC |
|---|---|---|---|---|
| SFLO | VictoryShares Small Cap Free Cash Flow ETF | 33.6% | -6 bp | -2.1% |
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 26.5% | +4 bp | -7.1% |
| ECML | Euclidean Fundamental Value ETF | 23.7% | +40 bp | +0.1% |
| SQLV | Royce Quant Small-Cap Quality Value ETF | 23.5% | +5 bp | -5.0% |
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 22.4% | +15 bp | -2.2% |
| AFSM | First Trust Active Factor Small Cap ETF | 22.2% | +20 bp | -5.8% |
| AVUV | Avantis U.S. Small Cap Value ETF | 21.5% | -30 bp | -3.3% |
| SYLD | Cambria Shareholder Yield ETF | 20.4% | +4 bp | -1.3% |
| XSHQ | Invesco S&P SmallCap Quality ETF | 18.6% | -26 bp | -3.8% |
| GRPZ | Invesco S&P SmallCap 600 GARP ETF | 18.2% | -20 bp | -2.4% |
Risk and Returns: DSMC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DSMC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
DSMC
12.0%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. DSMC's ALTAR Score™ is approximately
2.8 standard deviations
above
the category average. This places DSMC in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DSMCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| DSMC (55 bp) Percentile rank | 39 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DSMC | 55.0 | 13.8 | 68.8 |
| Peer Avg. | 42.5 | 19.0 | 61.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .