SFLO ETF: What Is It? Returns, Expense Ratio, Holdings and Alternative ETFs
The VictoryShares Small Cap Free Cash Flow ETF is a passive product that invests in U.S. small-cap stocks with strong free cash flow. The key points to check are its fees, volatility and growth outlook, and comparison with a generic small-cap value ETF is the main selection criterion. Its trading ticker is SFLO.
SubscribeWhat Is the VictoryShares Small Cap Free Cash Flow ETF?
This is a passive ETF that tracks an index selecting profitable, undervalued U.S. small-cap companies with high free cash flow yields and solid growth prospects. Its focus is free cash flow.
It suits value and quality oriented investors who want to diversify across small-cap stocks with strong free cash flow and are willing to accept small-cap volatility.
It is a passively managed (index tracking) ETF run by VictoryShares.
How Does the VictoryShares Small Cap Free Cash Flow ETF Invest?
| Item | Details |
|---|---|
| Tracked index | U.S. Small Cap Free Cash Flow Index |
| Management style | Passive (index tracking) |
| Rebalancing frequency | Regular (per index rules) |
| Dividend frequency | Monthly |
| Total expense ratio | 0.49% |
It selects profitable, undervalued U.S. small-cap companies with high free cash flow yields and solid growth prospects. By using free cash flow yield as its core criterion, it offers small-cap exposure with a quality tilt that differs from simple value indexes that rely on accounting earnings.
- Selection based mainly on free cash flow yield
- Small-cap exposure that reflects both profitability and growth
VictoryShares Small Cap Free Cash Flow ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $886.5M, and the expense ratio is 0.49% per year.
Unlike a simple small-cap value ETF, it reflects free cash flow and profitability, so its performance can diverge from the market, and volatility tends to be high given the nature of small caps.
VictoryShares Small Cap Free Cash Flow ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeSmall-cap value and quality stocks react sensitively to the economic cycle, risk appetite and investor preference for value and quality factors. They can hold up relatively well when companies with solid cash flow are in favor, but volatility can rise when growth small caps lead the market or when investors turn risk averse.
Money tends to flow into cash flow ETFs when interest in free cash flow and quality investing rises, while inflows can slow relatively when growth small caps lead the market.
VictoryShares Small Cap Free Cash Flow ETF Strengths and Weaknesses
Its strength is diversification across small-cap stocks with strong free cash flow, while its weaknesses are high volatility, factor deviation and economic sensitivity.
💪 Key Strengths
⚠️ Points to Watch
VictoryShares Small Cap Free Cash Flow ETF Alternative ETFs and Related Products
The VIG, SCHD and VYM shown in the table are large-cap focused dividend ETFs, with different market capitalization ranges and criteria. For more small-cap exposure, you can also compare the small-cap cash flow ETF CALF, the small-cap value focused AVUV and the S&P 600 small-cap value ETF IJS. These differ in selection criteria, market capitalization range and fees, so it is best to choose according to your investment style.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 SCHD | Schwab US Dividend Equity ETF | $35.61 | +1.5% | $118.4B | 0.06% | 2.96% | +33.2% |
 VIG | Vanguard Dividend Appreciation FTF | $249.16 | +1.3% | $114.8B | 0.04% | 1.46% | +14.2% |
 VYM | Vanguard High Dividend Yield Indx ETF | $164.82 | +0.9% | $83.1B | 0.04% | 2.23% | +16.6% |
 DFAC | U.S. Core Equity 2 Portfolio-ETF Class Shares | $45.49 | +0.3% | $49.7B | 0.18% | 0.87% | +15.8% |
 RDVY | First Trust Rising Dividend Achievers ETF | $79.95 | +0.8% | $25.5B | 0.47% | 0.85% | +17.7% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 GDDY | Godaddy Inc | 0.02% | $105.89 | -0.6% | $13.4B | 15.7 | - |
 OSCR | Oscar Health Inc | 0.02% | $30.79 | +1.0% | $9.5B | 22.5 | - |
 SYM | Symbotic Inc | 0.03% | $37.40 | -4.0% | $22.6B | 414.6 | - |
 LYFT | Lyft Inc | 0.03% | $16.41 | +0.4% | $6.2B | 2.3 | - |
 SM | SM Energy Co | 0.01% | $39.58 | +0.1% | $9.4B | 7.8 | 2.39% |
 STNG | Scorpio Tankers Inc | 0.01% | $95.07 | +7.2% | $4.8B | 5.1 | 2.32% |
 JAZZ | Jazz Pharmaceuticals plc | 0.01% | $207.83 | +1.4% | $13.5B | 14.3 | - |
 DOCU | DocuSign Inc | 0.01% | $81.54 | -2.5% | $15.2B | 49.6 | - |
VictoryShares Small Cap Free Cash Flow ETF Investor Checkpoints
Here are the points to review before investing in SFLO. As a small-cap cash flow ETF, it is important to check volatility, factor deviation, economic sensitivity and fee levels in advance.
| Checkpoint | What to check | Current status |
|---|---|---|
| 💵 Expense ratio | Check the fees of a passive factor ETF | Needs checking |
| 📉 Volatility | Confirm the large swings typical of small caps | High |
| 📊 Factor deviation | Performance gaps from cash flow screening | May vary |
| 🔄 Economic sensitivity | Performance swings across the economic cycle | Sensitive |
Volatility is high given the nature of small caps, and the free cash flow screen can create performance gaps versus the market. You should also consider that losses can widen during economic slowdowns or risk-averse phases.
It is a passive ETF suited to value and quality oriented investors who want to diversify across small-cap stocks with strong free cash flow. If you want simple small-cap value, a small-cap value ETF may be the better fit, and if you prefer cash flow based selection, SFLO can be an alternative.
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 June 5, 2026.
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