Distillate US Fundamental Stability & Value ETF
ALTAR
Score™
6.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.4x P/Sales
ratio
1.7x
P/BV
ratio
4.0x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Distillate U.S. Fundamental Stability & Value ETF tracks an index of 100 US large-cap stocks that score highly for financial indebtedness, fundamental stability, and valuation. The portfolio is equally weighted, modified by free cash flow.

FUND BASICS
Category US Equities
Fund Sponsor Distillate Capital Partners
Website distillatefunds.com
Inception date Oct 24, 2018
Assets (mns) $97
Currency USD
Expense ratio 39 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 103
Wgt avg mkt cap (mns) $181,374
Large cap (>$10bn) 92.9%
Mid cap ($2-10bn) 7.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.8 %
FACEBOOK 2.8 %
AT&T INC 2.4 %
ABBVIE INC 2.2 %
JOHNSON & JOHNSON 2.1 %
UNITEDHEALTH GROUP INC 2.1 %
WAL-MART STORES INC 1.8 %
INTEL CORP 1.7 %
HOME DEPOT INC 1.6 %
CISCO SYSTEMS INC 1.6 %
Total 24.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.9 %
IRELAND 2.8 %
BRITAIN 1.7 %
SWITZERLAND 0.8 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.2% 4.5% -- -- 8.9%

Market Correlations
versus... Beta R-squared
S&P500 1.02 99%
MSCI EAFE 1.08 88%
MSCI Emg. Mkts. 0.83 77%

Technical Indicators
Recent close $30.15
30d moving avg. $27.83
Annualized volatility 23.2%
Short interest (ETF) 0.2%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 35
Turnover 1.1%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $54,869

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Distillate US Fundamental Stability & Value ETF ETF based on the alternatives' overlap in portfolio holdings with DSTL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DSTL Expense: 39 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DSTL
Ticker Fund
Name
Overlap1
vs DSTL
(%)
Expense
ratio
(bp)
Savings
vs DSTL
(bp)
ALTAR
Score™
(%)
ALTAR
vs DSTL
(%)
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 37.1 19 20 5.8 -0.8
FQAL Fidelity Quality Factor ETF 36.5 29 10 5.5 -1.0
OUSA O'Shares FTSE US Quality Dividend ETF 36.3 48 -9 5.8 -0.8
IUS Invesco Strategic US ETF 34.6 19 20 6.4 -0.2
RECS Columbia Research Enhanced Core ETF 34.6 15 24 5.8 -0.8
DIVB iShares U.S. Dividend & Buyback ETF 34.3 25 14 6.6 +0.0
FLQL Franklin LibertyQ U.S. Equity ETF 34.1 15 24 6.4 -0.2
FDRR Fidelity Dividend ETF for Rising Rates 34.0 29 10 7.1 +0.5
EPS WisdomTree U.S. Earnings 500 Fund 33.4 8 31 6.6 +0.0
QLC FlexShares US Quality Large Cap Index Fund 32.9 32 7 5.6 -0.9
SPXN ProShares S&P 500 Ex-Financials ETF 32.4 27 12 5.2 -1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 32.4 28 11 6.5 -0.1
JQUA JPMorgan U.S. Quality Factor ETF 32.2 12 27 5.3 -1.2
FVAL Fidelity Value Factor ETF 31.7 29 10 8.4 +1.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 31.6 25 14 6.7 +0.1
QDEF FlexShares Quality Dividend Defensive Index Fund 31.4 37 2 6.4 -0.2
PBP Invesco S&P 500 BuyWrite ETF 31.3 49 -10 5.3 -1.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 31.0 60 -21 4.6 -2.0
IWL iShares Russell Top 200 ETF 30.9 15 24 5.3 -1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 30.9 15 24 6.4 -0.2
HSPX Global X S&P 500 Covered Call ETF 30.8 65 -26 5.2 -1.4
OEF iShares S&P 100 ETF 30.5 20 19 5.0 -1.6
JKD iShares Morningstar Large-Cap ETF 30.5 20 19 6.0 -0.6
MGC Vanguard Mega Cap Index Fund 30.4 7 32 5.4 -1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 30.4 20 19 5.6 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 30.4 27 12 5.5 -1.1
XLG Invesco S&P 500 Top 50 ETF 30.3 20 19 4.7 -1.8
QDF FlexShares Quality Dividend Index Fund 30.3 37 2 6.9 +0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 30.2 49 -10 4.3 -2.3
PFM Invesco Dividend Achievers ETF 29.9 54 -15 5.4 -1.1
DGRO iShares Core Dividend Growth ETF 29.9 8 31 6.6 +0.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 29.8 25 14 6.7 +0.1
AFLG First Trust Active Factor Large Cap ETF 29.6 55 -16 6.0 -0.6
ROUS Hartford Multifactor US Equity ETF 29.6 19 20 7.3 +0.8
QDYN FlexShares Quality Dividend Dynamic Index Fund 29.6 37 2 6.9 +0.3
DTD WisdomTree U.S.Total Dividend Fund 29.6 28 11 6.7 +0.1
VEGN US Vegan Climate ETF 29.5 60 -21 5.4 -1.2
SPLG SPDR Portfolio Large Cap ETF 29.5 3 36 5.6 -1.0
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 29.5 29 10 4.4 -2.2
SPY SPDR S&P 500 ETF Trust 29.5 9 30 5.6 -1.0
IVV iShares Core S&P 500 ETF 29.5 4 35 5.6 -1.0
VALQ American Century STOXX U.S. Quality Value ETF 29.4 29 10 9.1 +2.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 29.4 9 30 5.7 -0.9
VOO VANGUARD S&P 500 ETF 29.2 3 36 5.6 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 29.0 15 24 5.9 -0.7
FDLO Fidelity Low Volatility Factor ETF 28.9 29 10 5.3 -1.3
MGV Vanguard Mega Cap Value ETF 28.9 7 32 7.2 +0.7
VTV Vanguard Value Index Fund 28.8 4 35 7.4 +0.8
QUAL iShares MSCI Usa Quality Factor ETF 28.7 15 24 5.5 -1.1
PBUS Invesco PureBeta MSCI USA ETF 28.6 4 35 5.6 -0.9
JVAL JPMorgan U.S. Value Factor ETF 28.4 12 27 9.0 +2.4
VV Vanguard Large-Cap Index Fund 28.3 4 35 5.5 -1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 28.2 20 19 5.2 -1.4
SPYV SPDR Portfolio S&P 500 Value ETF 28.2 4 35 7.4 +0.9
IVE iShares S&P 500 Value ETF 28.2 18 21 7.3 +0.7
CATH Global X S&P 500 Catholic Values Custom ETF 28.2 29 10 5.5 -1.1
ESGU iShares MSCI USA ESG Optimized ETF 28.0 15 24 5.3 -1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 27.9 2 37 5.6 -1.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 27.7 30 9 6.9 +0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 27.6 25 14 6.2 -0.4
VOOV Vanguard S&P 500 Value ETF 27.5 15 24 7.3 +0.8
SCHX Schwab U.S. Large-Cap ETF 27.4 3 36 5.5 -1.1
RNDV US Equity Dividend Select ETF 27.4 50 -11 8.1 +1.5
RWL Invesco S&P 500 Revenue ETF 27.4 39 0 7.0 +0.4
IWY iShares Russell Top 200 Growth ETF 27.4 20 19 4.4 -2.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 27.3 75 -36 6.1 -0.4
SPTM SPDR Portfolio Total Stock Market ETF 27.2 3 36 5.7 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 27.2 27 12 5.3 -1.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 27.2 28 11 6.6 +0.1
SCHV Schwab U.S. Large-Cap Value ETF 27.1 4 35 7.2 +0.6
IUSV iShares Core S&P U.S. Value ETF 26.8 4 35 7.5 +1.0
USDY Pacific Global US Equity Income ETF 26.7 29 10 8.0 +1.4
IWB iShares Russell 1000 ETF 26.7 15 24 5.4 -1.2
VONG Vanguard Russell 1000 Growth Index Fund 26.7 8 31 4.5 -2.1
IWF iShares Russell 1000 Growth ETF 26.7 19 20 4.4 -2.2
RAFE PIMCO RAFI ESG U.S. ETF 26.7 29 10 7.8 +1.3
ACIO Aptus Collared Income Opportunity ETF 26.7 79 -40 4.6 -2.0
IQSU IQ Candriam ESG US Equity ETF 26.6 9 30 5.4 -1.2
SCHK Schwab 1000 Index ETF 26.5 5 34 5.5 -1.1
HLAL Wahed FTSE USA Shariah ETF 26.5 50 -11 4.8 -1.8
VONE Vanguard Russell 1000 ETF 26.4 8 31 5.5 -1.1
JHML John Hancock Multifactor Large Cap ETF 26.3 34 5 5.7 -0.9
SPHQ Invesco S&P 500 Quality ETF 26.3 15 24 5.2 -1.4
IYY iShares Dow Jones U.S. ETF 26.3 20 19 5.4 -1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 26.3 12 27 5.2 -1.4
PRF Invesco FTSE RAFI US 1000 ETF 26.2 39 0 7.0 +0.4
RNLC Large Cap US Equity Select ETF 26.0 60 -21 6.4 -0.1
ESG FlexShares STOXX US ESG Impact Index Fund 26.0 32 7 5.3 -1.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 25.9 17 22 7.1 +0.5
SNPE Xtrackers S&P 500 ESG ETF 25.8 11 28 5.3 -1.3
EXT WisdomTree U.S. Total Earnings Fund 25.4 28 11 5.9 -0.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 25.4 25 14 6.1 -0.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 25.4 75 -36 3.8 -2.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 25.3 29 10 6.3 -0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 25.3 75 -36 4.7 -1.9
SCHB Schwab U.S. Broad Market ETF 25.2 3 36 5.5 -1.1
TMFC Motley Fool 100 Index ETF 25.1 50 -11 4.1 -2.5
IWV iShares Russell 3000 ETF 25.1 20 19 5.3 -1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 25.1 3 36 5.4 -1.2
SPXT ProShares S&P 500 Ex-Technology ETF 25.1 27 12 5.8 -0.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Distillate US Fundamental Stability & Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 26.1 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.