Distillate US Fundamental Stability & Value
ALTAR
Score™
7.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.6x P/Sales
ratio
1.6x
P/BV
ratio
4.1x Div.
yield
1.8%


  • 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) $56
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) $192,018
Large cap (>$10bn) 95.6%
Mid cap ($2-10bn) 4.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.0 %
MICROSOFT CORP 3.5 %
AT&T INC 2.5 %
JOHNSON & JOHNSON 2.2 %
UNITEDHEALTH GROUP INC 2.1 %
ABBVIE INC 2.0 %
FACEBOOK 2.0 %
WAL-MART STORES INC 1.7 %
INTEL CORP 1.6 %
VISA INC-CLASS A SHARES 1.6 %
Total 24.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.4 %
IRELAND 2.9 %
BRITAIN 0.8 %
SWITZERLAND 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
26.0% -- -- -- 14.3%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $29.85
30d moving avg. $29.04
Annualized volatility 0.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 82

Liquidity measures
Avg. volume (thou.) 16
Turnover 0.9%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $40,892

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Distillate US Fundamental Stability & Value 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™: 7.3%


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 QARP 37.6 19 20 6.5 -0.8
QLC FlexShares US Quality Large Cap 36.6 32 7 6.5 -0.7
FVAL Fidelity Value Factor 36.3 29 10 8.2 +0.9
DIVB iShares U.S. Dividend & Buyback 36.1 25 14 6.7 -0.6
SPXN ProShares S&P 500 Ex-Financials 35.7 27 12 5.9 -1.4
IUS Invesco Strategic US 34.9 19 20 6.7 -0.5
OQAL Invesco Russell 1000 Quality Factor ETF 34.8 19 20 5.3 -2.0
FQAL Fidelity Quality Factor 34.8 29 10 5.8 -1.5
JQUA JPMorgan U.S. Quality Factor 34.6 12 27 5.8 -1.5
FLQL Franklin LibertyQ U.S. Equity 34.2 15 24 6.9 -0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index 34.0 15 24 5.4 -1.8
XLG Invesco S&P Top 50 33.6 20 19 5.2 -2.1
OUSA O'Shares FTSE U.S. Quality Dividend 33.6 48 -9 5.9 -1.3
QUS SPDR MSCI USA Quality Mix 33.6 15 24 6.0 -1.3
XOUT GraniteShares XOUT US Large Cap 33.4 60 -21 5.1 -2.2
IWL iShares Russell Top 200 33.2 15 24 5.7 -1.6
DLN WisdomTree Large Cap Dividend 33.2 28 11 6.5 -0.7
OEF iShares S&P 100 33.2 20 19 5.5 -1.7
RECS Columbia Research Enhanced Core 33.1 15 24 5.8 -1.4
MGC Vanguard Mega Cap 300 ETF 32.9 7 32 5.8 -1.4

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
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 26.9 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.55
 
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.