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Launched

Distillate Small/Mid Cash Flow ETF

DSMCNYSEDistillateC

$45.60+0.37 (+0.81%)

As of Nov 2, 2026, 3:59 PM ET

C54/ 100

Rank 20 of 47 in US Active Small/Mid-Cap

C54/100Rank 20 of 47inUS Active Small/Mid-Cap
Intraday session: up, 77 prints from 45.24 to 45.60. Range 45.40 to 46.06. Use the arrow keys to read each point.45.4045.8046.0010 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$149M
1Y total return
+32.5%
Yield · Last 12 months
1.11%
Holdings
150
Avg volume · 30D
6.83K sh
52W range
low $32.94high $45.26
Launched

The ETF.net DSMC Grade

C

Score 54 out of 100

Category
US Active Small/Mid-Cap⁠
Rank
20 of 47
Six-pillar profile for DSMC. Scores out of 100: Cost 54, Risk 58, Mission 74, Tradability 42, Holdings 70, Durability 58. Strongest: Mission (74). Weakest: Tradability (42). Leans toward Mission and Holdings.

Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C54 out of 100
    Rank 20 of 47

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A74 out of 100
    Rank 8 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B58 out of 100
    Rank 20 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 29 of 47

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 out of 100
    Rank 15 of 47

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 19 of 47

Our read on DSMC

ETF.net Research

In short

CSmall-cap value usually means buying whatever screens cheap. Distillate ranks on free cash flow instead and typically skips heavily indebted companies, so the bargain bin arrives pre-sorted for balance sheets.

Stated mandate

The fund seeks long-term capital appreciation through an actively managed strategy focused on securities with attractive valuation and cash-flow and quality characteristics.

Why people hold it

  • 0.55% a year, below the median for active US stock ETFs. Active stock picking without the old-school active price tag.
  • The screen scores valuation on free cash flow and quality on a proprietary debt-to-income measure, and typically avoids companies carrying significant leverage.distillatecapital.com
  • A tight book of roughly 100 small and mid caps, and what it owns stands among the stronger portfolios in its active US equity peer group. Pays quarterly.

Worth knowing

  • Thinly traded and modest in size next to index giants, so spreads can run wider. Limit orders matter more here than on a mega-cap fund.
  • Cash-flow and leverage screens cut out sizeable slices of the small-cap market, so sector weights and results can wander well away from a plain small-cap index.distillatecapital.com
  • Smaller companies move harder in both directions than large caps, a risk the fund's own prospectus spells out. Launched in 2022, so the live record is short.distillatecapital.com

DSMC Performance

Launched Oct 5, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
DSMC$13,250
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DSMC $13,250. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DSMC. Periods over one year show the average yearly return.
PeriodDSMC
Year to date+28.7%
1 month+8.4%
3 months+6.5%
1 year+32.5%
3 yearsper year+17.4%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DSMC
YearReturn barDSMC
2026 YTD+28.7%
2025+2.7%
2024+2.8%
2023+29.5%
2022+8.7%

History from Oct 6, 2022

DSMC in the news

DSMC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.11%Last 12 months
Payout per share
$0.50Last 12 months
Last payment
$0.12 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 16 payments from 2022 to 2026 YTD. Dec 28, 2022 $0.07; Mar 22, 2023 $0.07; Jun 21, 2023 $0.09; Sep 20, 2023 $0.09; Dec 27, 2023 $0.11; Mar 20, 2024 $0.10; Jun 26, 2024 $0.10; Sep 25, 2024 $0.10; Dec 27, 2024 $0.16; Mar 26, 2025 $0.08; Jun 25, 2025 $0.11; Sep 24, 2025 $0.09; Dec 29, 2025 $0.15; Mar 26, 2026 $0.11; Jun 25, 2026 $0.12; Sep 24, 2026 $0.12. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 25, 2026$0.12
Jun 25, 2026Jun 26, 2026$0.12
Mar 26, 2026Mar 27, 2026$0.11
Dec 29, 2025Dec 30, 2025$0.15
Sep 24, 2025Sep 25, 2025$0.09
Jun 25, 2025Jun 26, 2025$0.11
Mar 26, 2025Mar 27, 2025$0.08
Dec 27, 2024Dec 30, 2024$0.16
Sep 25, 2024Sep 26, 2024$0.10
Jun 26, 2024Jun 27, 2024$0.10
Mar 20, 2024Mar 22, 2024$0.10
Dec 27, 2023No data$0.11

— Pay date not on file.

See all 16 payments⁠

$10,000 in DSMC 3 years ago paid $439 in dividends.⁠

DSMC Risk

Risk pillarB58 out of 100Rank 20 of 44 in US Active Small/Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
17.4%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.76
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−28.6%
48 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.68
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DSMC Cost

Compare DSMC and AVMC

Overpaying vs AVMC, cheapest in US Active Small/Mid-Cap

$7,155

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DSMC 0.55%

    $10,904

  • AVMC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • DSMC 0.55%
  • AVMC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530DSMC $10,904AVMC $3,749

Year by year

YearDSMCAVMCOverpaying
10$988$328$660
20$3,790$1,281$2,509
30$10,904$3,749$7,155

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