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
99.0 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) | $99 |
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 +
CHESAPEAKE ENERGY CORP | 2.0 % |
DILLARDS INC-CL A | 1.6 % |
TOLL BROTHERS INC | 1.5 % |
OWENS CORNING | 1.5 % |
CROCS INC | 1.5 % |
WEX INC | 1.4 % |
ALPHA METALLURGICAL RESOURCES, INC. | 1.4 % |
CHORD ENERGY CORPORATION | 1.4 % |
CF INDUSTRIES HOLDINGS INC | 1.3 % |
QORVO INC | 1.3 % |
Constituent Breakdown
Number of holdings | 149 |
Herfindahl-Hirschman Index | 79 |
Wgt avg mkt cap (mns) | $5,348 |
Large cap (>$10bn) | 12.6% |
Mid cap ($2-10bn) | 59.3% |
Small cap (<$2bn) | 26.9% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 95.4 % | |
BERMUDA | 1.6 % | |
IRELAND | 1.0 % | |
CANADA | 0.9 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 5.6% | 19.3% | -- | -- | -- | -- | 19.3% | Volatility | 14.6% | 17.0% | -- | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.16 | 56% |
MSCI EAFE | 1.07 | 63% |
MSCI Emg Mkts | 0.83 | 49% |
Liquidity Measures
Avg. volume (000) | 15 |
Turnover | 0.6% |
Avg. Bid/Ask (% of price) | 0.14% |
ADV of underlying (mns) | $9,199 |
Technical Indicators
Recent close | $36.00 |
30d moving avg. | $34.80 |
Annualized volatility | 21.3% |
Relative strength (RSI) | 49 |
Short interest (ETF) | 0.3% |
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 | 26.6% | +4 bp | -7.1% |
SQLV | Royce Quant Small-Cap Quality Value ETF | 24.3% | +5 bp | -5.0% |
ECML | Euclidean Fundamental Value ETF | 22.1% | +40 bp | +0.4% |
SYLD | Cambria Shareholder Yield ETF | 21.9% | +4 bp | -1.5% |
AFSM | First Trust Active Factor Small Cap ETF | 21.8% | +20 bp | -6.0% |
AVUV | Avantis U.S. Small Cap Value ETF | 21.5% | -30 bp | -3.2% |
XSHQ | Invesco S&P SmallCap Quality ETF | 19.3% | -26 bp | -3.8% |
VAMO | Cambria Value & Momentum ETF | 18.5% | +6 bp | -4.0% |
FNK | First Trust Mid Cap Value AlphaDEX Fund | 18.5% | +15 bp | -2.2% |
GRPZ | Invesco S&P SmallCap 600 GARP ETF | 17.6% | -20 bp | -2.0% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
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
2023 | 2024E | Fwd Est | 2025E | |
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 10/4/2024
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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
12.5%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. DSMC's ALTAR Score™ is approximately
2.9 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 | 39 |
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. | 42.1 | 19.3 | 61.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .