Distillate US Fundamental Stability & Value ETF
ALTAR
Score™
5.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.9x P/Sales
ratio
2.1x
P/BV
ratio
4.9x Div.
yield
1.4%


  • 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 23, 2018
Assets (mns) $239
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 101
Wgt avg mkt cap (mns) $141,793
Large cap (>$10bn) 96.8%
Mid cap ($2-10bn) 3.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 2.4 %
UNITEDHEALTH GROUP INC 2.3 %
INTEL CORP 2.3 %
WAL-MART STORES INC 2.2 %
ALPHABET INC. CLASS A 2.1 %
HOME DEPOT INC 1.9 %
PROCTER & GAMBLE CO/THE 1.8 %
CISCO SYSTEMS INC 1.8 %
AMGEN INC 1.7 %
BROADCOM INC. 1.7 %
Total 20.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
IRELAND 2.8 %
BRITAIN 0.9 %
SWITZERLAND 0.9 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.3% 19.3% -- -- 20.2%

Market Correlations
versus... Beta R-squared
S&P500 1.01 98%
MSCI EAFE 0.95 85%
MSCI Emg. Mkts. 0.77 67%

Technical Indicators
Recent close $37.56
30d moving avg. $36.51
Annualized volatility 21.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 34
Turnover 0.5%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $37,148

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 5.6%


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
(%)
FLQL Franklin LibertyQ U.S. Equity ETF 34.1 15 24 5.9 +0.3
OUSA O'Shares FTSE US Quality Dividend ETF 33.6 48 -9 5.5 -0.2
DGRO iShares Core Dividend Growth ETF 31.7 8 31 6.0 +0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 31.4 28 11 6.0 +0.4
JQUA JPMorgan U.S. Quality Factor ETF 30.9 12 27 5.0 -0.6
PFM Invesco Dividend Achievers ETF 30.7 53 -14 5.0 -0.6
VIG Vanguard Dividend Appreciation Index Fund 30.5 6 33 5.0 -0.7
FQAL Fidelity Quality Factor ETF 29.4 29 10 5.0 -0.7
MGV Vanguard Mega Cap Value ETF 29.2 7 32 6.4 +0.8
REVS Columbia Research Enhanced Value ETF 28.9 19 20 6.7 +1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 28.8 28 11 6.1 +0.5
FUNL CornerCap Fundametrics Large-Cap ETF 28.7 50 -11 7.2 +1.5
EPS WisdomTree U.S. Earnings 500 Fund 28.6 8 31 5.9 +0.3
FDLO Fidelity Low Volatility Factor ETF 28.5 29 10 4.9 -0.7
QUS SPDR MSCI USA StrategicFactors ETF 28.5 15 24 5.2 -0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 28.3 19 20 5.3 -0.4
FTCS First Trust Capital Strength ETF 28.2 58 -19 5.0 -0.6
RECS Columbia Research Enhanced Core ETF 28.0 15 24 5.1 -0.6
LSAF LeaderShares AlphaFactor US Core Equity ETF 27.9 75 -36 5.2 -0.5
VOOV Vanguard S&P 500 Value ETF 27.7 10 29 6.6 +0.9
QLC FlexShares US Quality Large Cap Index Fund 27.3 32 7 4.4 -1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 27.3 15 24 5.8 +0.2
JKF iShares Morningstar Large Cap Value ETF 27.2 25 14 6.6 +1.0
ROUS Hartford Multifactor US Equity ETF 27.2 19 20 5.8 +0.2
JOET Virtus Terranova US Quality Momentum ETF 27.1 29 10 4.6 -1.1
QDEF FlexShares Quality Dividend Defensive Index Fund 26.9 37 2 5.5 -0.1
FVAL Fidelity Value Factor ETF 26.8 29 10 6.8 +1.2
LRGF iShares Edge MSCI Multifactor USA ETF 26.7 20 19 6.0 +0.4
FLRG Fidelity U.S. Multifactor ETF 26.7 29 10 5.9 +0.2
VTV Vanguard Value Index Fund 26.7 4 35 6.5 +0.9
DTD WisdomTree U.S.Total Dividend Fund 26.5 28 11 6.2 +0.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 26.5 17 22 6.1 +0.4
DIVB iShares U.S. Dividend & Buyback ETF 26.4 25 14 5.9 +0.2
QUAL iShares MSCI Usa Quality Factor ETF 26.2 15 24 5.0 -0.7
QDF FlexShares Quality Dividend Index Fund 26.1 37 2 5.5 -0.2
KLCD KFA Large Cap Quality Dividend Index ETF 26.0 42 -3 5.0 -0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.0 49 -10 3.4 -2.2
FDRR Fidelity Dividend ETF for Rising Rates 26.0 29 10 6.0 +0.3
IWX iShares Russell Top 200 Value ETF 25.9 20 19 6.0 +0.4
JVAL JPMorgan U.S. Value Factor ETF 25.9 12 27 7.1 +1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 25.8 10 29 4.8 -0.8
SUSL iShares ESG MSCI USA Leaders ETF 25.7 10 29 4.8 -0.8
USMV iShares Edge MSCI Min Vol USA ETF 25.6 15 24 5.3 -0.3
SPHQ Invesco S&P 500 Quality ETF 25.4 15 24 4.4 -1.3
AFLG First Trust Active Factor Large Cap ETF 25.4 55 -16 4.7 -1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 25.3 9 30 4.8 -0.9
CCOR Core Alternative ETF 25.3 109 -70 4.2 -1.4
RNLC Large Cap US Equity Select ETF 25.0 60 -21 5.2 -0.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 25.0 25 14 5.8 +0.2
VALQ American Century STOXX U.S. Quality Value ETF 25.0 29 10 7.8 +2.2
PSET Principal Price Setters Index ETF 25.0 15 24 4.6 -1.0
RAFE PIMCO RAFI ESG U.S. ETF 24.8 30 9 6.6 +1.0
VYM Vanguard High Dividend Yield Index ETF 24.7 6 33 6.6 +1.0
SCHV Schwab U.S. Large-Cap Value ETF 24.7 4 35 6.0 +0.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 24.2 37 2 5.3 -0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 24.1 60 -21 3.6 -2.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 24.1 60 -21 4.6 -1.0
NULC Nuveen ESG Large-Cap ETF 23.8 20 19 4.2 -1.5
SPLV Invesco S&P 500 Low Volatility ETF 23.7 25 14 5.6 -0.1
USXF iShares ESG Advanced MSCI USA ETF 23.6 10 29 4.5 -1.1
SPYV SPDR Portfolio S&P 500 Value ETF 23.4 4 35 6.4 +0.7
IVE iShares S&P 500 Value ETF 23.3 18 21 6.2 +0.6
SPXN ProShares S&P 500 Ex-Financials ETF 23.1 27 12 4.3 -1.3
HLAL Wahed FTSE USA Shariah ETF 23.0 50 -11 3.8 -1.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 22.9 30 9 5.0 -0.6
DEF Invesco Defensive Equity ETF 22.8 55 -16 5.2 -0.4
FLLV Franklin Liberty U.S. Low Volatility ETF 22.8 29 10 4.9 -0.7
ESGV Vanguard ESG U.S. Stock ETF 22.8 12 27 4.5 -1.2
MGC Vanguard Mega Cap Index Fund 22.7 7 32 4.6 -1.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 22.5 15 24 4.6 -1.0
JHMI John Hancock Multifactor Industrials ETF 22.5 40 -1 5.0 -0.6
FCPI Fidelity Stocks for Inflation ETF 22.5 29 10 5.7 +0.1
TPHD Timothy Plan High Dividend Stock ETF 22.4 52 -13 5.6 -0.1
IUS Invesco Strategic US ETF 22.4 19 20 5.4 -0.2
VONV Vanguard Russell 1000 Value Index Fund 22.4 8 31 6.1 +0.5
IQSU IQ Candriam ESG US Equity ETF 22.3 9 30 4.5 -1.1
SYV SPDR MFS Systematic Value Equity ETF 22.3 60 -21 5.9 +0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 22.2 25 14 5.6 -0.1
GBLO Global Beta Low Beta ETF 22.2 29 10 7.3 +1.7
DSI iShares MSCI KLD 400 Social ETF 22.1 25 14 4.5 -1.1
RYT Invesco S&P 500 Equal Weight Technology ETF 22.1 40 -1 5.6 +0.0
SUSA iShares MSCI USA ESG Select ETF 22.1 25 14 4.2 -1.4
HUSV First Trust Horizon Managed Volatility Domestic ETF 22.1 70 -31 4.8 -0.8
RWL Invesco S&P 500 Revenue ETF 22.0 39 0 6.2 +0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 22.0 20 19 4.8 -0.9
ACIO Aptus Collared Income Opportunity ETF 21.9 79 -40 3.8 -1.8
IUSV iShares Core S&P U.S. Value ETF 21.8 4 35 6.4 +0.8
PBP Invesco S&P 500 BuyWrite ETF 21.8 49 -10 4.3 -1.3
JHML John Hancock Multifactor Large Cap ETF 21.8 29 10 4.8 -0.8
PWV Invesco Dynamic Large Cap Value ETF 21.7 56 -17 6.8 +1.2
SPXT ProShares S&P 500 Ex-Technology ETF 21.7 27 12 4.8 -0.8
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 21.6 35 4 6.6 +1.0
SPXE ProShares S&P 500 Ex-Energy ETF 21.6 27 12 4.6 -1.0
XYLG Global X S&P 500 Covered Call & Growth ETF 21.5 60 -21 4.4 -1.3
IWD iShares Russell 1000 Value ETF 21.5 19 20 6.0 +0.4
JKD iShares Morningstar Large-Cap ETF 21.4 20 19 4.7 -0.9
VOO VANGUARD S&P 500 ETF 21.3 3 36 4.8 -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:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 24.9 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.49
 
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.