What Is the GFLW ETF? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
GFLW, the flagship of the VictoryShares FCF Growth ETF, tracks dividend growth stocks selected on free cash flow. It focuses on profitable, high-quality companies and aims for long-term asset growth.
SubscribeWhat Is the VictoryShares FCF Growth ETF?
This is a growth-oriented index-tracking ETF that invests in roughly 500 large-cap stocks with strong free cash flow (FCF) generation. The portfolio is built to capture the long-term value appreciation of highly profitable companies.
It suits long-term investors who want to grow their assets through high-quality stocks with strong cash generation.
The ETF is passively managed (index tracking) by Victory Capital.
How Does the VictoryShares FCF Growth ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | Victory Free Cash Flow Growth Index |
| Management Style | Passive (index tracking) |
| Selection Criteria | Free cash flow and profitability screens |
| Dividend Frequency | Quarterly |
| Expense Ratio | 0.39% |
From a broad large-cap universe that excludes financials and real estate, the fund selects companies with strong free cash flow generation and returns on investment. It caps holding concentration to maintain diversification while giving higher weight to highly profitable companies.
- Pursues performance driven by free cash flow
- Diversified portfolio of high-quality companies
VictoryShares FCF Growth ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $1.1B, and the Expense Ratio is 0.39% per year.
Compared with other ETFs that track similar indexes, it is distinguished by a diversified structure with lower individual stock weights.
VictoryShares FCF Growth ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe fund has continued to experience volatility amid shifting preferences for growth stocks and changes in the interest rate environment. Its strategy is drawing attention as the relative value of companies with strong cash generation is being reassessed.
Fund inflows are expanding as institutional and retail demand for high-quality growth stocks increases. Net inflows have been especially notable in a market that prizes cash generation and profitability.
VictoryShares FCF Growth ETF Pros and Cons
Its strengths are a portfolio of high-quality growth stocks and a profitability-focused strategy, while its fee sits at a mid-range level.
💪 Key Strengths
⚠️ Points of Caution
VictoryShares FCF Growth ETF Alternatives and Related Products
Similar growth-oriented options worth considering include DGRO, a broad dividend growth ETF with a lower fee, NUGO, which pursues higher growth, and COWG, which centers on cash generation. Also compare it with VUG, a general growth ETF, to understand how it differs from a cash-generation-focused strategy.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 DGRO | iShares Core Dividend Growth ETF | $82.54 | +2.2% | $45.1B | 0.08% | 1.81% | +22.2% |
 NUGO | Nuveen Growth Opportunities ETF | $41.47 | -0.2% | $2.3B | 0.50% | - | +2.2% |
 BGIG | Bahl & Gaynor Income Growth ETF | $37.47 | +1.1% | $2.3B | 0.45% | 1.66% | +18.3% |
 COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | $39.18 | +0.7% | $2.3B | 0.49% | 0.76% | +9.8% |
 SMIG | Bahl & Gaynor Small/Mid Cap Income Growth ETF | $32.55 | +0.6% | $1.5B | 0.60% | 1.66% | +14.9% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| SNDK | Sandisk Corp | 0.07% | $1037.40 | -7.9% | $147.6B | 8.3 | - |
| CAT | Caterpillar Inc | 0.04% | $591.30 | -5.2% | $271.8B | 23.2 | 1.05% |
| NVDA | NVIDIA Corp | 0.07% | $200.13 | -3.2% | $4.82T | 25.3 | 0.39% |
| NEM | Newmont Corp | 0.04% | $118.11 | +9.9% | $122.7B | 13.7 | 0.88% |
| AVGO | Broadcom Inc | 0.03% | $325.48 | -2.0% | $1.55T | 41.5 | 0.8% |
| AMAT | Applied Materials Inc | 0.03% | $369.40 | -3.3% | $293.2B | 31.9 | 0.52% |
| GEV | GE Vernova Inc | 0.03% | $832.83 | -9.3% | $220.4B | 21.9 | 0.24% |
| LRCX | Lam Research Corp | 0.03% | $221.43 | -4.0% | $276.6B | 33.0 | 0.59% |
VictoryShares FCF Growth ETF Investor Checkpoints
Here are the points to review before investing in GFLW. The fund seeks a balance of cash generation and growth, but you should check in advance the volatility of growth stocks and the liquidity that comes with its size.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Cumulative impact over a long holding period | Mid-range |
| 💧 Liquidity | Trading volume and bid-ask spread | Small ETF |
| 📊 Growth stock exposure | Sensitivity to economic swings | Medium to high |
| 🎯 Portfolio concentration | Cap on holding weights | Diversification maintained |
The main considerations are the volatility of growth stock investing and the liquidity constraints that come with the fund's size. It may underperform relatively when the market rotates from growth to value.
It is a suitable choice for investors who want to invest in high-quality growth stocks with strong cash generation. Pairing it with a broad growth ETF can help build a profitability-focused investment strategy.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of May 16, 2026.
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