QUALCOMM

Merck

General Motors

Exxon Mobil

Chevron

Cigna

Gilead Sciences

Expedia

Pfizer

ConocoPhillips

VictoryShares Free Cash Flow ETF

VFLO tracks an index composed of the largest U.S. companies based on profit that are perceived to have strong free cash flow yields and high growth metrics.

Free cash flow (FCF) is the cash remaining after a company has paid its expenses, taxes, interest, and long-term investments. It can be used to invest in growing the business, buying back stock, paying dividends, and paying down debt.

Why Free Cash Flow May Be the True Measure of a Company's Value

If an investor had to choose between two companies with the same valuation, it would make sense to select the one that's growing faster. At least that's the philosophy behind the VictoryShares Free Cash Flow ETF (VFLO).

Combine Strong Free Cash Flows & Strong Growth With VFLO

Many investors and advisors peruse companies' earnings statements to see if they're on track to offer growth. However, traditional metrics like earnings or revenue growth often fail to identify which stocks have the most growth potential.

Beyond Earnings: Navigating Future Growth with Expected Free Cash Flow Yield

VFLO has a 50-strong portfolio of stocks with solid FCF yields and promising growth prospects. Debuted in June 2023, VFLO has already made a solid impression, outperforming the market and a few peers. I believe FCF-focused investors should consider VFLO at this point as it is offering a 7.8% FCF/EV, high single-digit forward EBITDA and revenue growth rates, and robust quality.

Why Should FCF-Focused Investors Consider VFLO?

Free cash flow factor underperformed in 2023, though the factor has rebounded over recent months as the stock market rally broadens out. The Victoryshares Free Cash Flow ETF offers a promising construct and impressive performance so far its in life, and I highlight why it has produced such strong returns. VFLO has a value tilt and low P/E ratio, and the ETF has outperformed the S&P 500 lately, though I don't see its growth screening as having much influence.

VFLO: Free Cash Flow Focus, More Value Than Growth, An Alternative To COWZ

Historically, value stocks have tended to outperform growth companies for nearly a century, based on Fama/French Research.¹ However, value investing has a few challenges over the shorter time horizon.

Considering Value as Part of the Bigger Picture

Over the years, many companies have transitioned from asset-heavy to asset-light business models, where intangible assets drive most of their growth. Tangible assets are assets that appear on a company's balance sheet.

See Tangible Results Targeting Intangible Assets

Traditional value metrics like book value convey how much capital a company has invested in the business. But the sign of a truly profitable business is that it generates more free cash flow (FCF) than it needs.

Why Truly Profitable Companies Generate Excessive Free Cash Flow

Dividend strategies have been popular for years. Arguably, the source of those sustainable dividend payments is strong free cash flow (FCF).

How Dividend Growth & Free Cash Flow Go Hand in Hand

Warren Buffett once wrote: “Growth is always a component in the calculation of value.”[1] This makes a lot of sense.

Avoid Value Traps With VFLO's Growth Filter

Free cash flow (FCF) represents the cash a company generates after accounting for cash payments to support operations and maintain its capital assets. It allows companies to reinvest cash, pay dividends, or repay debts.

How Growth & Value Go Hand in Hand

Many use market capitalization to gauge a company's valuation and growth potential. However, during a webcast hosted by VettaFi, Michael Mack, Associate Portfolio Manager for VictoryShares and Solutions, noted how market capitalization can sometimes be misleading.

Looking Beyond Market Cap: Does Free Cash Flow Redefine How to Assess Company Value?

Free cash flow (FCF) represents the cash a company generates after accounting for cash payments to support operations and maintain its capital assets. It allows companies to reinvest cash, pay dividends, or pay off debt.

Under the Hood of VFLO

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Good morning, VettaFi Voices! Third-quarter earnings announcements have almost come and gone, with yesterday being the last big burst of companies.

VettaFi Voices On: Third-Quarter Earnings Season

Free cash flow (FCF) is the cash a business has left over after it has paid its capital expenditures. It is also arguably a better metric to measure a company's long-term profitability.

How Intangible Assets and IP Drive Profitability – and Free Cash Flow

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Good Morning, VettaFi Voices! Growth has blown value out of the water in 2023. It's not even close. The Vanguard Value ETF (VTV) is up less than 1% year to date. Meanwhile, the Vanguard Growth ETF (VUG), the growth fund, is up 32%. That's a big difference, and clearly we're in a growth regime.

VettaFi Voices On: The Nature of Value

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Approximately $140 billion of net inflows went into market-cap-weighted equity index ETFs in the first nine months of 2023. The Vanguard S&P 500 ETF (VOO) is an example of such a popular ETF.

Fundamentals Matter to ETF Investors

Free cash flow (FCF) is the cash a company has after paying its capital expenditures. Its use is to buy back stocks, pay dividends, or participate in mergers and acquisitions.

Sectors Like Healthcare Take Center Stage in the VFLO Index's Pursuit of Value

Free cash flow (FCF) is the cash a company has after it's paid its capital expenditures. It's used to buy back stocks, pay dividends, or participate in mergers and acquisitions.

Why Enterprise Value Paints a Fuller Picture of a Company's Free Cash Flow

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Hello, VettaFi Voices! Whenever I read about the economy in 2023, the one word that comes up repeatedly in various forms is “uncertain.

VettaFi Voices On: Risk Management in an Uncertain Economy

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My family has been rocked by an unrelenting string of medical and life crises. Fortunately, my family's charity hedge fund is saving us from bankruptcy and despair. I've updated my family's ZEUS Income Growth fund plan to include my best ideas right now. In other words, if I had $2.5 million in cash, this is what I'd buy. This portfolio yields 4.2%, has 13.7% long-term return potential, better than the Nasdaq, and analysts expect it to potentially quadruple over the next decade.

How I'd Invest $2.5 Million Right Now

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The summer's optimism about the U.S. consumer and economy has waned, with the Consumer Confidence Index dropping in September. According to data released on Tuesday by the Conference Board, the index fell to 103 from August's 108.7, marking the most significant monthly decline since December 2020, as reported by Wells Fargo Economics, as quoted on Yahoo Finance.

Time for Quality ETFs as Consumer Confidence Wanes?

Many investors often use earnings to measure a company's profitability. But high free cash flow (FCF) yields can often indicate that a company is capable of sustaining long-term growth.

Why Companies With Strong Free Cash Flow Are Often Self-Sufficient

While free cash flow (FCF) may arguably be a better metric than earnings or income to gauge a company's value, VictoryShares & Solutions contends that it's a company's projected future FCF, not its trailing FCF, that really matters.

A Company's Value is Based on its Future Free Cash Flow

Free cash flow (FCF) is the cash a business has left over after it has paid its capital expenditures¹ (capex). Some see FCF as a better metric for measuring a company's profitability.

How Free Cash Flow Reliably Indicates a Sector's Profitability

News for VictoryShares Free Cash Flow ETF ETF (VFLO)