DSMC vs. MRGR ETF Comparison

Comparison of Distillate Small/Mid Cash Flow ETF (DSMC) to ProShares Merger ETF (MRGR)

DSMC

Distillate Small/Mid Cash Flow ETF

DSMC Description

Distillate Small/Mid Cash Flow ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Distillate Capital Partners LLC and Vident Investment Advisory, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of companies across diversified market capitalization. It employs proprietary research to create its portfolio. Distillate Small/Mid Cash Flow ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$34.94

Average Daily Volume

10,589

Number of Holdings ^*

141

* may have additional holdings in another (foreign) market

MRGR

ProShares Merger ETF

MRGR Description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$42.15

Average Daily Volume

679

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DSMC	MRGR
30 Days	-1.88%	0.52%
60 Days	-2.01%	1.59%
90 Days	1.40%	3.01%
12 Months	18.16%	8.21%

2 Overlapping Holdings

	Symbol	Grade	Weight in DSMC	Weight in MRGR	Overlap
	CHX	F	0.56%	1.68%	0.56%
	EVRI	A	0.52%	2.39%	0.52%

DSMC Overweight 139 Positions Relative to MRGR

Symbol	Grade	Weight
DDS	C	1.68%
OC	B	1.63%
TOL	C	1.56%
WEX	F	1.49%
CROX	F	1.38%
CHRD	F	1.33%
IDCC	A	1.32%
QRVO	F	1.31%
ATKR	F	1.29%
CF	B	1.27%
AMR	F	1.24%
ETSY	D	1.16%
ARCH	B	1.14%
JAZZ	D	1.05%
KBH	D	1.03%
STRL	B	1.03%
SIG	C	0.95%
TPR	A	0.92%
CRI	F	0.91%
TAP	D	0.9%
RHI	C	0.89%
OSK	C	0.85%
CEIX	A	0.85%
ALSN	A	0.84%
BCC	D	0.84%
AGX	A	0.82%
DOX	B	0.81%
GPOR	F	0.8%
MATX	A	0.8%
OVV	F	0.8%
CALM	B	0.78%
THO	D	0.78%
BBWI	F	0.77%
VSCO	A	0.76%
BCO	D	0.73%
TMHC	A	0.73%
ASO	F	0.73%
DINO	F	0.71%
MTDR	D	0.71%
SM	F	0.7%
BWA	D	0.69%
IPG	F	0.69%
COLM	C	0.68%
APA	F	0.68%
CIVI	F	0.67%
LCII	D	0.67%
GMS	A	0.66%
LOPE	D	0.66%
SEIC	A	0.66%
AR	F	0.65%
EEFT	F	0.65%
HCC	A	0.64%
TEX	F	0.64%
CRC	B	0.63%
LKQ	F	0.62%
SLVM	B	0.62%
DBX	A	0.62%
VSTO	A	0.61%
MOS	B	0.61%
RRC	D	0.61%
VRTS	B	0.59%
TDC	B	0.59%
CLF	C	0.59%
XRAY	F	0.59%
FHI	A	0.59%
AMWD	D	0.59%
VCTR	A	0.58%
MGY	C	0.58%
G	C	0.58%
MUR	F	0.58%
BXC	A	0.57%
SHOO	D	0.57%
DIOD	F	0.57%
TPH	D	0.57%
GIII	C	0.57%
NSP	F	0.56%
NVST	A	0.56%
NX	C	0.56%
APOG	A	0.56%
AB	B	0.55%
WKC	D	0.55%
KFY	C	0.55%
PBH	A	0.55%
PCRX	C	0.55%
TRIP	C	0.54%
OXM	F	0.54%
APAM	A	0.54%
MD	A	0.54%
MBUU	A	0.53%
BKE	C	0.53%
KLIC	B	0.53%
ODP	C	0.52%
ZD	F	0.51%
ARLP	A	0.51%
WGO	D	0.51%
HSII	A	0.5%
EXPI	B	0.5%
MCRI	A	0.5%
ROCK	D	0.5%
MAN	F	0.5%
INSW	F	0.5%
PRG	C	0.5%
CNXN	F	0.49%
COLL	F	0.49%
DXC	D	0.49%
INVA	C	0.49%
SUPN	B	0.49%
IMXI	F	0.48%
CTS	A	0.48%
BSM	D	0.48%
HUBG	D	0.48%
KRP	B	0.48%
PINC	A	0.48%
HRMY	D	0.47%
RES	F	0.47%
RGR	F	0.47%
NTCT	C	0.47%
PRDO	B	0.46%
ETD	F	0.46%
SBH	B	0.46%
COHU	B	0.45%
GDEN	F	0.45%
SXC	A	0.45%
JBI	F	0.45%
ANDE	F	0.45%
EXTR	B	0.45%
PLAB	F	0.44%
SSTK	D	0.44%
WNC	F	0.43%
GNK	D	0.43%
REVG	D	0.43%
RPAY	D	0.43%
LPG	F	0.42%
WOR	F	0.42%
HLX	F	0.41%
CARS	D	0.41%
ASC	F	0.39%
SCHL	F	0.38%
CAL	F	0.37%

DSMC Underweight 27 Positions Relative to MRGR

Symbol	Grade	Weight
HTLF	A	-3.12%
IBTX	B	-2.79%
DFS	A	-2.57%
INFN	B	-2.54%
EDR	A	-2.48%
SASR	A	-2.44%
SMAR	A	-2.41%
LBPH	A	-2.4%
B	A	-2.39%
NAPA	A	-2.38%
K	A	-2.36%
ZUO	A	-2.36%
PETQ	A	-2.35%
ENV	A	-2.34%
RCM	A	-2.34%
INST	A	-2.33%
JNPR	A	-2.33%
SRCL	A	-2.32%
HCP	A	-2.29%
ALE	A	-2.29%
AXNX	A	-2.27%
CTLT	D	-2.21%
ANSS	C	-2.2%
SPR	C	-2.11%
MRO	C	-2.06%
HES	B	-1.87%
RVNC	C	-1.87%