Distillate Capital Partners LLC

Distillate Capital Partners LLC, established in 2017 and based in Chicago, is a registered investment advisor specializing in separately managed accounts (SMAs) and registered investment companies, including exchange-traded funds (ETFs). The firm's investment philosophy aims to provide long-term investors with strong returns by leveraging behavioral biases and accounting distortions while managing risk. Distillate offers SMAs with a minimum initial investment of $5,000,000, where the firm typically maintains full discretion over investment selection and trading. For ETFs, Distillate serves as the primary adviser and index provider, with Vident Advisory, LLC as the sub-adviser for certain funds. The firm's fee structure for SMAs is tiered based on account size, with fees ranging from 0.30% to 0.55%. Distillate does not accept performance-based fees and does not participate in wrap fee programs. The firm does not have any disciplinary events to disclose and does not receive compensation from third parties for advice rendered to clients. Distillate exercises investment discretion for most accounts and is responsible for voting client securities unless directed otherwise. The firm has implemented a Code of Ethics and restrictions on personal trading to mitigate conflicts of interest. Distillate does not have custody of client assets beyond fee deduction purposes and maintains financial transparency without prepayment requirements or financial impairments. For more information, clients can contact Distillate directly.