VictoryShares Free Cash Flow Growth ETF

GFLW

Market cap $793M

The ubiquity of Nvidia is evident with its appearance in over 2,000 ETFs, according to data extrapolated from ETF Database. With that, its fiscal 2027 Q1 earnings were highly anticipated as a bellwether for not just the semiconductor and broader tech sectors, but as a directional compass for the current market environment.

After a more volatile first quarter, the second quarter of 2026 has been a period where growth has been rewarded. Yet some advisors remain cautiously optimistic and are looking to lean on companies with stronger financial profiles.

Each quarter, the index powering the VictoryShares Free Cash Flow Growth ETF (GFLW) reconstitutes according to its methodology. This March's reconstitution brought a fresh set of free cash flow (FCF) leaders into focus.

In a market where the Magnificent Seven (Mag 7)1 account for more than 30% of the S&P 500 Index, The VictoryShares free cash flow (FCF) suite of ETFs takes a different road.

Investors have no shortage of metrics to evaluate equities, but not all measures capture the same economic reality. In an environment defined by elevated capital spending and market concentration, earnings-based measures may not fully reflect how efficiently companies convert investment into cash.

Spending on artificial intelligence (AI) could increase the growth prospects of companies like Nvidia, which is currently a holding in the VictoryShares Free Cash Flow Growth ETF (GFLW). The hope is that spending will eventually translate into increased revenue and ultimately, free cash flow (FCF) for both companies.

Large cap growth companies propelled much of the market gains for 2025. As investors note signs of frothy and elevated valuations, some may be reassessing whether value-oriented exposures could play a more meaningful role in portfolios.

The VictoryShares Free Cash Flow Growth ETF (GFLW) targets large-cap stocks with strong growth profiles, emphasizing high free cash flow return on invested capital. GFLW manages approximately $650 million in assets and charges a 0.39% expense ratio. By focusing on free cash flow-driven growth, GFLW is positioned to outperform in the near term, given the current macro regime and outlook.

On this episode of the “ETF of the Week” podcast, VettaFi's Head of Research, Todd Rosenbluth, discussed the VictoryShares Free Cash Flow Growth ETF (GFLW) with Chuck Jaffe of Money Life. The pair discussed several topics related to the fund to give investors a deeper understanding of the ETF.

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.