# Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF (GFLW): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/gflw for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Victory Capital · Asset class: US Equity - Strategy: Passive Index · Inception: 2024-12-03 GFLW uses a rules-based methodology to construct a portfolio of profitable US large-cap growth companies. Companies are screened for positive free cash flow growth trends over the past five years, high free cash flow returns on invested capital, and positive projected earnings. Securities with negative projected free cash flow yields are excluded. The remaining companies are ranked by their free cash flow on invested capital, with the top 150 being considered. Each of these 150 companies is scored based on growth metrics, including sales, EBITDA trends, and long-term analyst growth projecti... ## Key Facts | Metric | Value | |---|---| | Price | $32.50 | | Expense Ratio | 0.50% | | Assets Under Management | $1.15B | | NAV | $32.15 | | Holdings Count | 0 | | Distribution Yield (TTM) | 0.35% | | Annual Distribution (TTM) | $0.11 /share | | Distribution Frequency | Irregular | | 52-Week Range | $25.00 – $34.94 | | Beta | 1.25 | ## Latest Distribution - Amount: $0.1129 /share - Ex-date: 2026-09-09 - Pay date: 2026-09-10 ## Frequently Asked Questions ### What does GFLW invest in? GFLW uses a rules-based methodology to construct a portfolio of profitable US large-cap growth companies. Companies are screened for positive free cash flow growth trends over the past five years, high free cash flow returns on invested capital, and positive projected earnings. Securities with negative projected free cash flow yields are excluded. The remaining companies are ranked by their free cash flow on invested capital, with the top 150 being considered. Each of these 150 companies is scored based on growth metrics, including sales, EBITDA trends, and long-term analyst growth projections, with the top 100 highest scoring selected for the portfolio. A higher weighting is given to companies with a strong combination of free cash flow and absolute momentum. For a more balanced representation, individual companies are capped at 4%, with a maximum allocation of 45% to those belonging to one sector. The index is rebalanced and reconstituted quarterly. ### What is the expense ratio of GFLW? Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF (GFLW) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is GFLW? Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF (GFLW) manages $1.15B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is GFLW actively managed or an index fund? GFLW is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (GFLW's is 0.50%) because there's no security selection cost. ### When was GFLW launched? Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF (GFLW) launched in December 2024 and is managed by Victory Capital. ### How has GFLW performed? GFLW's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does GFLW pay a dividend? Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF (GFLW) currently distributes little or no income. Trailing-twelve-month yield is 0.35%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does GFLW pay dividends? Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is GFLW's dividend yield? GFLW's trailing-twelve-month yield is 0.35%, calculated from the sum of dividends over the past year divided by the current price. ### When is GFLW's next ex-dividend date? The most recently announced ex-dividend date for GFLW was 2026-09-09. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will GFLW's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.50% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does GFLW charge its expense ratio? The expense ratio is deducted in tiny daily slices from GFLW's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does GFLW cost more than a fund like VOO? GFLW is a passive index fund (current expense ratio 0.50%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to GFLW? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as GFLW (0.50%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/gflw - Distribution history: https://www.dividenddata.com/funds/gflw/dividend - Holdings & diversification: https://www.dividenddata.com/funds/gflw/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/gflw/expenses - Peer comparison: https://www.dividenddata.com/funds/gflw/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.