DSTL vs. FQAL ETF Comparison

Comparison of Distillate U.S. Fundamental Stability & Value ETF (DSTL) to Fidelity Quality Factor ETF (FQAL)

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

$58.02

Average Daily Volume

88,551

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.55

Average Daily Volume

29,494

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	DSTL	FQAL
30 Days	2.15%	3.15%
60 Days	6.25%	9.40%
90 Days	9.64%	11.81%
12 Months	32.64%	37.01%

19 Overlapping Holdings

Symbol	Grade	Weight in DSTL	Weight in FQAL	Overlap
ABBV	B	2.7%	1.4%	1.4%
ABNB	D	1.06%	0.78%	0.78%
ADP	A	1.35%	0.63%	0.63%
AMAT	D	1.22%	0.85%	0.85%
AME	A	0.87%	0.46%	0.46%
AVY	F	0.7%	0.15%	0.15%
BKNG	B	1.56%	1.09%	1.09%
CME	B	1.02%	0.86%	0.86%
CPAY	B	0.84%	0.76%	0.76%
HSY	F	0.78%	0.26%	0.26%
JNJ	D	2.65%	1.41%	1.41%
LMT	D	1.15%	0.58%	0.58%
LOW	B	1.34%	1.0%	1.0%
LRCX	D	1.04%	0.74%	0.74%
MEDP	D	0.64%	0.59%	0.59%
MO	B	1.54%	0.4%	0.4%
PAYX	A	0.98%	0.49%	0.49%
QCOM	C	1.58%	0.96%	0.96%
WSM	F	0.68%	0.64%	0.64%

DSTL Overweight 78 Positions Relative to FQAL

Symbol	Grade	Weight
UNH	B	3.14%
TMUS	A	2.43%
CSCO	A	2.14%
CMCSA	B	1.96%
CRM	A	1.85%
AMGN	C	1.78%
ABT	B	1.51%
CI	F	1.46%
MCK	B	1.26%
HON	B	1.26%
ELV	F	1.19%
PCAR	B	1.13%
PYPL	A	1.13%
EPD	A	1.13%
FDX	B	1.13%
MPLX	B	1.09%
FANG	D	1.04%
GD	B	1.02%
FIS	C	0.94%
AJG	C	0.93%
KR	A	0.91%
SW	B	0.9%
EA	B	0.89%
CMI	B	0.88%
JBL	C	0.87%
SYY	C	0.87%
LEN	D	0.87%
CTSH	B	0.85%
WAB	A	0.85%
OMC	B	0.84%
OC	B	0.83%
GIS	F	0.83%
ON	D	0.82%
GDDY	A	0.82%
TDY	A	0.81%
PKG	B	0.81%
PHM	D	0.79%
ZM	A	0.79%
NVR	D	0.78%
TOL	B	0.78%
DGX	B	0.77%
PR	C	0.77%
DBX	C	0.77%
BR	A	0.77%
LECO	C	0.76%
USFD	B	0.76%
CBOE	D	0.76%
FFIV	B	0.76%
JAZZ	B	0.76%
GMED	B	0.75%
SSNC	C	0.75%
DOX	A	0.75%
NTAP	C	0.75%
ULTA	C	0.74%
MAS	D	0.74%
FIX	A	0.74%
HRL	F	0.74%
VRSN	D	0.73%
TXT	D	0.73%
WMS	D	0.72%
ALLE	C	0.71%
DRI	B	0.71%
LKQ	F	0.7%
GGG	C	0.7%
EPAM	C	0.69%
SWKS	F	0.69%
DKS	D	0.68%
EMN	D	0.67%
BLD	F	0.67%
UHS	D	0.66%
TPX	C	0.65%
AOS	F	0.64%
GPC	F	0.63%
WEX	F	0.6%
ICLR	F	0.58%
CROX	F	0.55%
HII	F	0.54%
QRVO	F	0.5%

DSTL Underweight 105 Positions Relative to FQAL

Symbol	Grade	Weight
NVDA	B	-7.14%
AAPL	B	-6.8%
MSFT	C	-6.6%
GOOGL	B	-3.75%
META	B	-2.69%
AVGO	B	-2.15%
LLY	D	-1.96%
V	B	-1.52%
MA	A	-1.47%
HD	B	-1.45%
XOM	B	-1.14%
MCD	D	-1.11%
ACN	C	-1.04%
GILD	B	-1.01%
BX	A	-1.0%
COST	B	-0.98%
PG	D	-0.97%
PGR	B	-0.96%
BMY	C	-0.96%
ADBE	F	-0.94%
SPGI	D	-0.9%
PANW	A	-0.9%
NFLX	A	-0.89%
VRTX	A	-0.88%
AMP	B	-0.85%
VEEV	B	-0.85%
ZTS	F	-0.85%
FICO	B	-0.85%
GRMN	B	-0.85%
ORLY	B	-0.81%
CAT	B	-0.76%
EWBC	B	-0.75%
JXN	B	-0.75%
ACGL	D	-0.74%
MCO	C	-0.74%
CFR	B	-0.73%
IDXX	F	-0.73%
YUM	C	-0.73%
AZO	D	-0.73%
MSCI	B	-0.72%
KLAC	F	-0.72%
KO	D	-0.71%
DPZ	C	-0.66%
PM	C	-0.65%
MTD	F	-0.65%
CVX	B	-0.63%
CBSH	A	-0.63%
KNSL	D	-0.61%
UNP	D	-0.61%
LIN	D	-0.56%
T	B	-0.56%
VZ	D	-0.56%
CTAS	A	-0.53%
ITW	B	-0.53%
QLYS	C	-0.53%
TDG	C	-0.52%
FAST	B	-0.51%
GWW	A	-0.51%
MMM	C	-0.5%
NEE	D	-0.49%
CSX	B	-0.47%
VRSK	A	-0.46%
CPRT	B	-0.45%
OTIS	B	-0.45%
TTD	B	-0.43%
ODFL	B	-0.43%
MDLZ	F	-0.42%
CEG	D	-0.42%
VST	B	-0.38%
COP	C	-0.38%
CL	F	-0.37%
SO	D	-0.37%
WMB	B	-0.32%
PLD	F	-0.31%
MNST	B	-0.31%
KMB	D	-0.31%
AMT	F	-0.3%
EOG	B	-0.29%
SHW	B	-0.29%
TPL	B	-0.27%
WEC	B	-0.26%
NRG	B	-0.26%
FCX	C	-0.26%
ECL	D	-0.25%
SPG	A	-0.24%
LNG	A	-0.24%
PSA	D	-0.23%
O	D	-0.22%
NFG	C	-0.2%
MLM	B	-0.2%
VICI	D	-0.19%
AVB	A	-0.19%
EXR	D	-0.19%
UGI	D	-0.19%
NUE	C	-0.18%
AM	B	-0.18%
CF	B	-0.17%
SBAC	D	-0.17%
EQR	D	-0.17%
RS	B	-0.16%
ESS	C	-0.16%
WHD	B	-0.16%
RGLD	B	-0.16%
EXP	B	-0.16%
GLPI	D	-0.15%