The Distillate Small/Mid Cash Flow ETF (DSMC) offers exposure to approximately 150 U.S. small and mid-cap stocks. Accounting-based measures of valuation are no longer effective as the ETF measures quality, risk and value as seen through a free cashflow lens. Top holdings include DXC Technology (DXC), Interpublic Group (IPG), AutoNation (AN), PulteGroup (PHM), and Macy's (M). "We look for better stability and quality combined with better valuation," says Thomas Cole.
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