
The VictoryShares International Free Cash Flow Growth ETF, identified by its ticker symbol GRIN, is an investment fund created to provide investors with access to a carefully chosen portfolio of high-caliber, large international corporations. These companies are selected based on their robust generation of free cash flow and their promising outlook for future growth. The primary aim of GRIN is to mirror the financial performance of the Victory International Free Cash Flow Growth Index as accurately as possible, prior to accounting for any associated charges or expenses.
Is GRIN's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

The VictoryShares International Free Cash Flow Growth ETF (GRIN) tracks an index that is built on a rigorous methodology that identifies non-U.S. companies with a positive free cash flow (FCF) trend and high levels of profitability. It focuses on businesses that generate high FCF relative to their invested capital.

For years, the search for high-quality, cash-generating businesses has been a predominantly American story. But that is changing, and for advisors building portfolios in an era of historically concentrated domestic markets, the shift carries real implications.

Investing in international equities presents unique challenges across markets. This is where a flexible metric that can span international borders can be beneficial — free cash flow (FCF).

A weakening U.S. dollar and stretched valuations in domestic markets are driving a shift toward international equities. In January 2026, the VictoryShares International Free Cash Flow Growth ETF (GRIN) emerged as a strong performer, easily outpacing the S&P 500.

With the S&P 500 Index pushing to new highs, many advisors are confronting a familiar challenge: how to maintain equity exposure without taking on unnecessary valuation risk.