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Cash Flow King: How Victory Capital Built a Multi-Billion-Dollar ETF Suite

BY | ETF Database

8:01 am ET 08/31/26 | 11 VIEWS

Related Symbols
VFLO
GFLW
SFLO

I recently sat down in our New York office with Mannik Dhillon, president of investment franchises & solutions and head of ETFs for Victory Capital. We dove straight into one of the most compelling factor stories in the ETF marketplace today: free cash flow investing.The VictoryShares Free Cash Flow ETF (VFLO B+), has emerged as a poster child for this shift. VFLO recently hit its three-year anniversary while crossing an impressive $10 billion in assets under management. VFLO earns a coveted five-star rating from Morningstar.A Portfolio Ecosystem: Expanding from Large-Cap Value to Growth, Small-Caps & International What started as a single strategy has quickly evolved into a robust suite of cash-flow-focused solutions. The VictoryShares Free Cash Flow Growth ETF (GFLW ) has surged past $1 billion in assets, while the VictoryShares Small Cap Free Cash Flow ETF (SFLO ) is fast approaching the threshold as well. Two international ETFs are also gaining traction. In our conversation, Dhillon explained how Victory built its rules-based FCF framework. He also shared why these products are outperforming legacy benchmarks without holding mega-cap tech darlings and how advisors are pairing them to construct well-rounded portfolios. Watch and hopefully enjoy. For more news, information, and analysis, visit the Equity ETF Content Hub. VettaFi LLC (“VettaFi”) is the index provider for SFLO VFLO and GFLW, for which it receives an index licensing fee. However, SFLO, VFLO and GFLW are not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of SFLO, VFLO or GFLW.

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