AVMC vs DSMC

AVMCAAvantis U.S. Mid Cap Equity ETF

DSMCCDistillate Small/Mid Cash Flow ETF

In short

AVMC The forgotten middle of the US market, run the Avantis way: roughly 600 mid-cap names tilted toward cheaper stocks with stronger profits, at 0.18% a year. Systematic active management priced like an index fund.

DSMC Small-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

AVMC Seeks long-term capital appreciation through a broad portfolio of U.S. mid-cap companies, emphasizing securities with lower valuations and higher profitability ratios.

DSMC 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

• AVMC 0.18% a year, against a 0.65% median for active US equity funds. Index-fund pricing on an active mandate.
• Spreads the value-and-profitability tilt across roughly 600 mid-caps, so it leans on the screen rather than a handful of concentrated picks.avantisinvestors.com
• One of the strongest implementations in our active US equity group, sitting with large-cap sibling AVLC and the Dimensional core funds.
• Pure mid-cap exposure with a quarterly distribution, filling the gap most portfolios leave between mega-caps and small caps.

• DSMC 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

• AVMC Trades lighter than the giant index ETFs, which can mean wider bid-ask spreads at the moment you transact.
• Launched in 2023, so the live record is short. There's no published index behind it either: outcomes come from Avantis' own valuation and profitability rules.
• All mid-cap, no mega-cap ballast, plus a tilt away from expensive names. Both can put it out of step with a market led by the largest growth stocks.

• DSMC 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

Full AVMC profile⁠

Full DSMC profile⁠