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
103.8 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 +
| SKYWORKS SOLUTIONS INC | 1.3 % |
| MOSAIC CO/THE | 1.1 % |
| DXC TECHNOLOGY CO. | 1.1 % |
| HF SINCLAIR CORPORATION | 1.1 % |
| APA CORP. | 1.0 % |
| OWENS CORNING | 1.0 % |
| ETSY, INC. | 1.0 % |
| DILLARDS INC-CL A | 1.0 % |
| ANTERO RESOURCES CORP | 1.0 % |
| ATKORE INTERNATIONAL GROUP INC. | 1.0 % |
Constituent Breakdown
| Number of holdings | 150 |
| Herfindahl-Hirschman Index | 70 |
| Wgt avg mkt cap (mns) | $4,916 |
| Large cap (>$10bn) | 9.8% |
| Mid cap ($2-10bn) | 54.2% |
| Small cap (<$2bn) | 35.1% |
| Developed mkts. | 97.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.5 % |
 |
BERMUDA | 1.5 % |
 |
IRELAND | 1.1 % |
 |
CANADA | 0.9 % |
 |
SWITZERLAND | 0.7 % |
 |
PUERTO RICO | 0.5 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -1.0% | -0.7% | 9.2% | 9.5% | -- | -- | -- | 11.4% |
| Dividend Yield | 0.2% | 0.2% | 0.8% | 0.9% | -- | -- | -- | 0.9% |
| Total Returns | -0.8% | -0.4% | 10.0% | 10.4% | -- | -- | -- | 12.3% | Ann. Volatility | 24.8% | 24.0% | 21.2% | 21.1% | -- | -- | -- | 21.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.19 | 56% |
| MSCI EAFE | 0.82 | 35% |
| MSCI Emg Mkts | 0.65 | 26% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| Recent close | $34.59 |
| 30d moving avg. | $35.49 |
| Annualized volatility | 20.4% |
| Relative strength (RSI) | 46 |
| Short interest | 0.5% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 29.4% | +4 bp | +10.6% |
| SFLO | VictoryShares Small Cap Free Cash Flow ETF | 27.9% | -6 bp | +11.0% |
| SQLV | Royce Quant Small-Cap Quality Value ETF | 23.0% | +5 bp | +9.6% |
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 21.8% | +15 bp | +11.1% |
| FYT | First Trust Small Cap Value AlphaDEX Fund | 19.6% | +18 bp | +12.2% |
| ECML | Euclidean Fundamental Value ETF | 18.3% | +40 bp | +10.8% |
| AFMC | First Trust Active Factor Mid Cap ETF | 17.7% | +10 bp | +8.4% |
| MYLD | Cambria Micro and Small Cap Shareholder Yield ETF | 17.6% | +4 bp | +12.9% |
| FLOW | Global X U.S. Cash Flow Kings 100 ETF | 17.5% | -30 bp | +12.4% |
| AVUV | Avantis U.S. Small Cap Value ETF | 17.0% | -30 bp | +9.9% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 11/1/2025
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
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
12.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 997 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. DSMC's ALTAR Score™ is approximately
3.0 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 | 402 |
| Avg. Expense Ratio | 63.7 bp |
| Std. Deviation | 35.5 bp |
| DSMC (55 bp) Percentile rank | 40 |
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 | 15.0 | 70.0 |
| Peer Avg. | 63.7 | 20.8 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .