DSTL Fees and Costs — Distillate U.S. Fundamental Stability & Value ETF
Data updated: 2026-08-27
The net expense ratio is 0.39%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $406K in broker commissions, 0.0241% of average net assets, and portfolio turnover was 70%.
DSTL Fees and Expenses
Annual operating expenses and sales charges of DSTL. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DSTL Costs Over Time
On $10,000 invested in DSTL, assuming 5% a year before costs, total costs come to $262 over 5 years, cutting the return by 0.43% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $143 | $262 |
| Value after costs | $10,457 | $11,433 | $12,501 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
DSTL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0241%
- Total broker commissions: $406K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
DSTL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $331K | 81.50% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $75K | 18.41% |
| GOLDMAN SACHS & CO. LLC | $323 | 0.08% |
| RBC CAPITAL MARKETS, LLC | $10 | 0.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.