Distillate Capital’s Q1 2021 Investor Letter

Distillate Capital, an investment management firm, published its first-quarter 2021 investor letter – a copy of which can be downloaded here. Distillate Capital’s U.S. FSV strategy outperformed the S&P 500 Index by just over 3 percentage points in the first quarter of 2021and lagged the Russell 1000 Value ETF benchmark by around 2%. Distillate Capital’s International strategy trailed its MSCI ACWI ex-US benchmark by just under 2% in the quarter following substantial outperformance in 2020 You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.