Content and data provided by various third parties and Fidelity − Terms of Use | Help/Glossary
Research > ETFs > ETF / ETP Commentary > 

Free Cash Flow Trio Shows Strong Assets, Flows & Performance

BY | ETF Database
9:46 am ET 07/31/26 | 7 VIEWS
Free cash flow strategies are ideal for investors searching for quality fundamental factors, especially in current times where certain large-cap valuations are suspect. VictoryShares and Solutions offer a suite of free cash flow (FCF) ETFs in the VictoryShares Free Cash Flow ETF (VFLO B+), VictoryShares Free Cash Flow Growth ETF (GFLW ), and VictoryShares Small Cap Free Cash Flow ETF (SFLO ). This trio has demonstrated expanding assets, steady inflows, and robust returns.Key Takeaways: The VictoryShares free cash flow ETF suite is drawing strong investor demand, propelled by solid performance metrics and rapid growth in assets under management across large-cap, growth, and small-cap strategies. VFLO leads the product lineup in size after expanding its asset base to $9.1 billion, supported by more than $6.6 billion in net inception-to-date inflows and a robust 41.3% total return over the trailing 12 months. Meanwhile, SFLO leads short-term momentum with a 27.5% year-to-date gain as investors seek quality small-cap strategies, while GFLW provides targeted growth exposure with an 18.3% 12-month return and steady net inflows. See More: VFLO Marks 3 Years of Next-Gen Free Cash Flow InvestingRising AUM, Inflows, and PerformanceAt the top of the list for assets under management (AUM), VFLO has rapidly built scale by growing its assets from $5.6 billion to $9.1 billion since its inception in the middle of 2023. This reflects a 62.6% expansion and $3.5 billion in raw dollar growth. Net inflows since inception stand at over $6.6 billion. Additionally, strong performance continues to fuel demand as VFLO is delivering a 26.5% year-to-date return and a compelling 41.3% return over the last 12 months.On the growth side of cash flow, GFLW offers expanded its asset footprint by 34.2% from $641.7 million to $860.9 million. The fund has gathered over $700 million in inflows since its late-2024 launch. While recent monthly headwinds pulled short-term performance down about 7%, GFLW remains firmly positive over the long term with a 13.2% year-to-date gain and an 18.3% total return over the past 12 months.SFLO has established its own momentum within a small-cap segment that’s been rallying this year as large-cap valuations could potentially be overstretched. SFLO increased total assets by 54.5% from $445.2 million to $687.9 million, supported by close to $500 million in total inception-to-date inflows. The fund currently paces the trio in short-term momentum with a 27.5% year-to-date total return and a 38.5% gain over the past year. Recent month-to-date gains of 9.37% further highlight renewed appetite for small-cap stocks.Adding FCF to Investor PortfoliosFCF ETFs from VictoryShares target companies with strong excess cash generation after covering operational and capital expenditures. Within a portfolio, these funds can provide fundamental factor tilts that blend value, quality, and growth. Investors can utilize them as core equity building blocks or satellite allocations with plug-and-play flexibility. Across value-focused, growth, and small-cap market strategies, Victory’s FCF suite continues to capture substantial investor capital while delivering attractive performance results. For more news, information, and analysis, visit the Equity ETF Content Hub. VettaFi LLC (“VettaFi”) is the index provider for VFLO, GFLW, and SFLO, for which it receives an index licensing fee. However, VFLO, GFLW, and SFLO 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 VFLO, GFLW, and SFLO.

More Commentary

Tech Defies Volatility in Fidelitys Latest Sector ETF Flows
BY | ETF Database
11:20 am ET 07/31/26 | 4 VIEWS
Supermajor Earnings: Exxon & Chevrons Impact on ETF Market
BY | ETF Database
10:58 am ET 07/31/26 | 5 VIEWS
Semiconductor ETFs Draw Cash This Week as Chip Stocks Rally
BY | ETF Database
11:27 am ET 07/31/26 | 3 VIEWS
View more Commentary

Search Commentary

Enter Keyword(s)
Filter Results

Performance data shown is past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. For standard quarterly performance, go to the fund's Snapshot page by clicking on the ETF/ETP's symbol.

ETFs may trade at a premium or discount to their NAV and are subject to the market fluctuations of their underlying investments.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

FBS receives compensation from the fund's advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETF's prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

News, commentary (including "Related Symbols") and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.