VFLO hits $7.5B AUM at three-year mark

The VictoryShares Free Cash Flow ETF (VFLO) launched on June 21, 2023, and reached more than $7.5 billion in assets as of its three-year anniversary on June 22, 2026. The fund tracks the Victory U.S. Large Cap Free Cash Flow Index.

The index selects U.S. large-cap stocks by expected free cash flow yield and a growth screen, then forms a focused 50-stock portfolio. Expected free cash flow is calculated as the average of trailing 12-month and forward 12-month FCF. Yield is measured using enterprise value (market capitalization plus debt minus cash) rather than market cap, which gives weight to companies with lower net debt. The index excludes Financials and Real Estate and is rebalanced and reconstituted quarterly.

From June 22, 2023, through June 22, 2026, VFLO posted a cumulative total return of 89.41% and an annualized return of 23.70%. The fund recorded a standard deviation of 16.10% and a maximum drawdown of -17.78% for the same period.

Comparative returns for the period were: Russell 1000 Value Index cumulative 67.58% (18.76% annualized); S&P 500 cumulative 77.58% (21.07% annualized); Russell 1000 Growth cumulative 82.71% (22.23% annualized). VFLO’s beta to the market was 0.81 and its forward price-to-earnings ratio 11.53.

The fund’s expected free cash flow yield was 9.01%, compared with 3.36% for the Russell 1000 Value Index and 2.78% for the S&P 500. Sector weights in the index as of June 19, 2026, were Information Technology 23.00%, Energy 22.80%, Health Care 20.56%, Consumer Discretionary 10.66%, Materials 7.73%, Industrials 7.47%, Communication Services 4.56% and Utilities 3.23%.

VettaFi LLC provides the index and receives a licensing fee; VettaFi is not the issuer, sponsor or seller of the ETF. Victory Capital Services distributes VictoryShares ETFs.

Regulatory disclosures note that investing involves risk, including the loss of principal. The fund may trade at a premium or discount to net asset value and its returns can diverge from the index. Other risks include sector concentration, market and geopolitical events, regulatory changes, company-specific factors that impair free cash flow, the use of derivatives, and higher fees or capital gains from frequent trading. Investors should read the prospectus for details on fees, risks and other important information.