QVAL vs. DSTL ETF Comparison

Comparison of ValueShares U.S. Quantitative Value ETF (QVAL) to Distillate U.S. Fundamental Stability & Value ETF (DSTL)

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.73

Average Daily Volume

18,437

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DSTL

Distillate U.S. Fundamental Stability & Value ETF

DSTL Description

The investment seeks to track the performance, before fees and expenses, of the Distillate U.S. Fundamental Stability & Value Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2018 by Distillate Capital Partners LLC, the fund's investment adviser and index provider (the "Adviser"), and uses an objective, rules-based methodology to measure the performance of U.S.-listed, large-capitalization equity securities, selected based on certain fundamental factors.

Grade (RS Rating)

Last Trade

$58.17

Average Daily Volume

111,580

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QVAL	DSTL
30 Days	4.01%	3.53%
60 Days	2.30%	2.84%
90 Days	4.43%	4.59%
12 Months	26.73%	26.97%

12 Overlapping Holdings

Symbol	Grade	Weight in QVAL	Weight in DSTL	Overlap
CMCSA	B	1.99%	1.94%	1.94%
CROX	D	1.7%	0.5%	0.5%
CTSH	B	2.02%	0.86%	0.86%
DKS	C	1.94%	0.66%	0.66%
ELV	F	1.9%	1.1%	1.1%
JBL	B	2.02%	0.86%	0.86%
LEN	D	1.92%	0.83%	0.83%
MO	A	2.19%	1.57%	1.57%
OMC	C	1.89%	0.8%	0.8%
TOL	B	2.01%	0.78%	0.78%
UHS	D	1.87%	0.61%	0.61%
WSM	B	1.97%	0.87%	0.87%

QVAL Overweight 38 Positions Relative to DSTL

Symbol	Grade	Weight
TPR	B	2.28%
BKR	B	2.26%
UAL	A	2.22%
TAP	C	2.18%
FTI	A	2.15%
ALSN	B	2.14%
HES	B	2.14%
FOXA	B	2.12%
LRN	A	2.12%
GTES	A	2.11%
DAL	C	2.1%
SNA	A	2.1%
WFRD	D	2.07%
TGT	F	2.07%
URBN	C	2.06%
SM	B	2.06%
ANF	C	2.05%
SIG	B	2.02%
MHK	D	2.0%
HPQ	B	2.0%
MMM	D	1.99%
TEX	D	1.99%
UTHR	C	1.98%
CAT	B	1.97%
HRB	D	1.96%
CVS	D	1.95%
GPK	C	1.95%
BBY	D	1.94%
CNH	C	1.9%
THC	D	1.89%
LYB	F	1.88%
CNC	D	1.87%
FCX	D	1.87%
CRI	D	1.85%
IPG	D	1.8%
MAT	D	1.78%
MOH	F	1.76%
ASO	F	1.76%

QVAL Underweight 86 Positions Relative to DSTL

Symbol	Grade	Weight
UNH	C	-3.31%
JNJ	D	-2.52%
TMUS	B	-2.5%
ABBV	D	-2.21%
CSCO	B	-2.16%
CRM	B	-1.98%
BKNG	A	-1.61%
AMGN	D	-1.59%
CI	F	-1.48%
MCK	B	-1.46%
ABT	B	-1.46%
QCOM	F	-1.44%
BLK	C	-1.38%
ADP	B	-1.36%
HON	B	-1.35%
LOW	D	-1.31%
EPD	A	-1.21%
PYPL	B	-1.2%
FDX	B	-1.18%
PCAR	B	-1.16%
MPLX	A	-1.14%
AMAT	F	-1.12%
LMT	D	-1.11%
CME	A	-1.03%
ABNB	C	-1.02%
FANG	D	-1.02%
PAYX	C	-0.97%
CMI	A	-0.96%
AJG	B	-0.96%
LRCX	F	-0.96%
EA	A	-0.95%
SW	A	-0.95%
GD	F	-0.95%
AME	A	-0.92%
CPAY	A	-0.92%
GDDY	A	-0.92%
KR	B	-0.91%
FIX	A	-0.89%
FIS	C	-0.88%
OC	A	-0.87%
WAB	B	-0.86%
PR	B	-0.85%
PKG	A	-0.84%
SYY	B	-0.83%
EPAM	C	-0.83%
JAZZ	B	-0.82%
GMED	A	-0.82%
ZM	B	-0.81%
TDY	B	-0.81%
BR	A	-0.81%
USFD	A	-0.8%
NTAP	C	-0.79%
DBX	B	-0.78%
ON	D	-0.78%
FFIV	B	-0.78%
DGX	A	-0.78%
LECO	B	-0.76%
GIS	D	-0.76%
PHM	D	-0.76%
SSNC	B	-0.76%
CBOE	B	-0.74%
HSY	F	-0.74%
NVR	D	-0.74%
GGG	B	-0.73%
HRL	D	-0.72%
VRSN	F	-0.72%
TXT	D	-0.71%
DRI	B	-0.71%
ALLE	D	-0.7%
DOX	D	-0.7%
TPX	B	-0.7%
MAS	D	-0.69%
LKQ	D	-0.68%
AVY	D	-0.66%
EMN	D	-0.66%
GPC	D	-0.65%
BLD	D	-0.64%
SWKS	F	-0.64%
MEDP	D	-0.64%
ULTA	F	-0.64%
WEX	D	-0.62%
AOS	F	-0.6%
WMS	D	-0.59%
HII	D	-0.53%
ICLR	D	-0.53%
QRVO	F	-0.45%