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
90.5 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) | $91 |
| 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 +
| HUNTINGTON INGALLS INDUSTRIE | 2.1 % |
| TOPBUILD CORP | 1.6 % |
| RELIANCE STEEL & ALUMINUM | 1.6 % |
| UNITED THERAPEUTICS CORP | 1.5 % |
| OWENS CORNING | 1.5 % |
| POWELL INDUSTRIES INC | 1.5 % |
| TOLL BROTHERS INC | 1.4 % |
| BUILDERS FIRSTSOURCE INC | 1.4 % |
| DILLARDS INC-CL A | 1.4 % |
| CF INDUSTRIES HOLDINGS INC | 1.3 % |
Constituent Breakdown
| Number of holdings | 150 |
| Herfindahl-Hirschman Index | 83 |
| Wgt avg mkt cap (mns) | $6,501 |
| Large cap (>$10bn) | 24.9% |
| Mid cap ($2-10bn) | 47.6% |
| Small cap (<$2bn) | 27.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 83.9 % |
 |
IRELAND | 1.3 % |
 |
BERMUDA | 0.8 % |
 |
NETHERLANDS | 0.7 % |
 |
CANADA | 0.6 % |
 |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -6.5% | -7.3% | 4.9% | -- | -- | -- | -- | 12.2% |
| Dividend Yield | -3.3% | -6.9% | 1.2% | -- | -- | -- | -- | -3.3% |
| Total Returns | -9.8% | -14.2% | 6.1% | -- | -- | -- | -- | 8.8% | Ann. Volatility | 15.4% | 17.3% | 18.1% | -- | -- | -- | -- | 19.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.21 | 60% |
| MSCI EAFE | 1.00 | 49% |
| MSCI Emg Mkts | 0.79 | 36% |
Liquidity Measures
| Avg. volume (000) | 20 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $4,343 |
Technical Indicators
| Recent close | $30.17 |
| 30d moving avg. | $30.44 |
| Annualized volatility | 21.4% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 1.1% |
| 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 |
|---|---|---|---|---|
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 30.2% | +4 bp | -1.8% |
| SFLO | VictoryShares Small Cap Free Cash Flow ETF | 24.0% | -6 bp | -0.9% |
| SYLD | Cambria Shareholder Yield ETF | 20.7% | +4 bp | -1.6% |
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 19.8% | +15 bp | -1.9% |
| FLOW | Global X U.S. Cash Flow Kings 100 ETF | 18.9% | -30 bp | -1.9% |
| ECML | Euclidean Fundamental Value ETF | 16.2% | +40 bp | -0.4% |
| SQLV | Royce Quant Small-Cap Quality Value ETF | 15.3% | +5 bp | -3.6% |
| FYT | First Trust Small Cap Value AlphaDEX Fund | 15.2% | +18 bp | -1.8% |
| DFSV | Dimensional US Small Cap Value ETF | 15.2% | -24 bp | -2.9% |
| AFMC | First Trust Active Factor Mid Cap ETF | 14.7% | +10 bp | -5.2% |
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
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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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 4/29/2025
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
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
14.6%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. 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 | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 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 | 13.8 | 68.8 |
| Peer Avg. | 46.6 | 19.2 | 65.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .