VictoryShares Free Cash Flow Growth ETF

GFLW

Market cap $649M

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.

VettaFi's Head of Research Todd Rosenbluth discussed the VictoryShares Free Cash Flow Growth ETF (GFLW) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and strategy, visit the Free Cash Flow Content Hub.

With the S&P 500 posting multiple record highs this year, many investors are questioning whether valuations have peaked—and whether now is the right time to commit new capital. That uncertainty can lead to hesitation or even sitting on the sidelines.

Artificial intelligence (AI) continues to be a prime catalyst for large-cap ETFs tilted toward growth. Companies integral to meeting the hardware demands of AI infrastructure buildout may be Broadcom, Palantir, and Nvidia.

The fourth quarter is typically – seasonally – positive for U.S. equities. An ongoing government shutdown is not a strong backdrop for markets, but major indices remain close to record highs, waiting for new data for direction.

The VictoryShares Free Cash Flow Growth ETF is a passively managed ETF focused on FCF-rich companies with convincing FCF growth prospects. I upgraded it to a Buy in June, and I maintain this rating today. GFLW has outperformed the market since December 2024. Since the beginning of the year, it has beaten most of its peers in the Large Growth subclass.

When seeking growth investments, advisors and investors find themselves with an ever-expanding array of strategies to choose from. However, for those with an eye for capturing sustainable growth, ETFs like the VictoryShares Free Cash Flow Growth ETF (GFLW) that focus on return on invested capital are worth consideration.