VictoryShares Small Cap Free Cash Flow ETF (SFLO US)
SFLO US$39.85
20 minute delayed
14 days free access
Join Market Matters and get full access to all our Opinion + Action
Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 39.85
- Change
- ▼ -0.01 (-0.03)
- Bid / Ask
- 32.20 - 39.92
- Volume
- 25,763
- Turnover
- 883,592
- Open
- 39.76
- Day Range
- 39.63 - 40.02
- VWAP
- 39.83
- Prev Close
- 39.86
- Last Trade
- 28/10 3:59pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$885.3M
OCT 2026
Distributions
Monthly
Since inception
2.9 yrs
DEC 2023
- Legal name
- Victoryshares Small Cap Free Cash Flow ETF
- Issuer
- Victory Capital Management Inc.
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Index fund
- Morningstar category
- Small Value
- Category index
- Russell 2000 Value TR USD
- Benchmark
- Russell 3000 TR USD
- ETF net assets
- $885.3M
- Units on issue
- 22.1M
- Management fee
- 0.45% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 20 DEC 2023
- Listed
- 21 DEC 2023
- Index provider
- Russell Index
Objective and strategy
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Victory U.S. Small Cap Free Cash Flow Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index and at least 80% of its assets in equity securities with small market capitalizations. The index is designed to deliver exposure to equity securities of U.S. issuers within the parent index that have high free cash flow yields.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 98.40%Non-US equity 1.59%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.99 | 99.99 | — |
| Bond | 0.00 | 0.00 | — |
| Cash | 0.01 | 0.01 | — |
| Other | 0.00 | 0.00 | — |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 18.68%Sensitive 63.68%Defensive 17.63%
- Basic Materials
- 0.99%
- Consumer Cyclical
- 16.84%
- Financial Services
- 0.86%
- Real Estate
- 0.00%
- Communication Services
- 9.46%
- Energy
- 18.19%
- Industrials
- 9.54%
- Technology
- 26.51%
- Consumer Defensive
- 5.65%
- Healthcare
- 11.98%
- Utilities
- 0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 99.16%Emerging markets 0.84%
- North America
- 98.41%
- Latin America
- 0.00%
- United Kingdom
- 0.00%
- Europe Developed
- 0.40%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.35%
- Japan
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 0.00%
- Asia Emerging
- 0.84%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 98.41%
- India
- 0.84%
- Switzerland
- 0.40%
- Israel
- 0.35%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Small Value
Size score
-4
Small
Mid
Large
Value-growth score
62
Value
Blend
Growth
Economic moat
Wide 0%Narrow 38%None 62%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 0.00%
- Large
- 0.00%
- Mid
- 1.59%
- Small
- 50.74%
- Micro
- 47.67%
Mid 2%Small 51%Micro 48%
- Average market cap
- $3.35B
- Number of holdings
- 202
- Shares held
- 200
Portfolio statistics · 21 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 12.33
- Price / book
- 2.02
- Price / sales
- 0.84
- Price / cash flow
- 6.14
- Dividend yield
- 1.28%
- Assets in top 10
- 13.25%
- Return on equity
- 20.80%
- Net margin
- 10.60%
- Earnings growth (3 yr)
- 14.37%
Top holdings · top 10 = 12.59% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Oscar Health Inc Class A OSCR | 1.66 | MAR 2026 | 13.2M | USD | 426,616 | Healthcare | United States | |
| Lyft Inc Class A LYFT | 1.42 | SEP 2024 | 11.3M | USD | 749,993 | Technology | United States | |
| GoDaddy Inc Class A GDDY | 1.35 | JUN 2026 | 10.7M | USD | 112,073 | Technology | United States | |
| Pinterest Inc Class A PINS | 1.34 | JUN 2026 | 10.6M | USD | 562,513 | Communication Services | United States | |
| Chord Energy Corp Ordinary Shares - New CHRD | 1.29 | DEC 2023 | 10.2M | USD | 76,392 | Energy | United States | |
| Viper Energy Inc Ordinary Shares - Class A VNOM | 1.12 | DEC 2025 | 8.8M | USD | 221,835 | Energy | United States | |
| Par Pacific Holdings Inc PARR | 1.11 | JUN 2026 | 8.8M | USD | 107,679 | Energy | United States | |
| Magnolia Oil & Gas Corp Class A MGY | 1.11 | JUN 2026 | 8.8M | USD | 373,729 | Energy | United States | |
| Talos Energy Inc Ordinary Shares TALO | 1.11 | SEP 2026 | 8.8M | USD | 537,009 | Energy | United States | |
| Century Aluminum Co CENX | 1.10 | MAR 2025 | 8.7M | USD | 241,452 | Basic Materials | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-7.4
3M
8.9
6M
24.4
YTD
26.9
1Y
28.9
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -7.37 | -7.20 | -7.33 | 94 / 480 |
| 3 months | 8.91 | 9.02 | 9.04 | 1 / 477 |
| 6 months | 24.39 | 24.48 | 24.69 | 1 / 475 |
| Year to date | 26.92 | 26.95 | 27.39 | 2 / 474 |
| 1 year | 28.89 | 28.94 | 29.52 | 2 / 473 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2024
6.5
2025
11.9
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 11.93 | 10.77 | 17 / 483 |
| 2024 | 6.50 | 5.15 | 71 / 488 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 16.35 | — | — | — |
| Beta | 0.57 | — | — | — |
| R-squared | 21.51 | — | — | — |
| Standard deviation | 16.29 | — | — | — |
| Sharpe ratio | 1.41 | — | — | — |
| Sortino ratio | 2.83 | — | — | — |
| Tracking error | 15.50 | — | — | — |
| Information ratio | 0.85 | — | — | — |
| Upside capture % | 96.60 | — | — | — |
| Downside capture % | -59.52 | — | — | — |
| Maximum drawdown % | -1.81 | — | — | — |
Measured against S&P 500 (TR) (1970) with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
91.4
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Tracking volatility
- 0.171
- Est. holding cost %
- 0.785
- Market impact cost %
- 0.008
- Best quarter
- 18.11% · JUL 2025
- Worst quarter
- -16.34% · APR 2025
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.45% p.a.
- PDS dated
- 1 NOV 2025
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.0342
- Ex Date
- 8 OCT 2026
- Record Date
- 8 OCT 2026
- Pay Date
- 9 OCT 2026
- NAV at ex date
- 38.42
- Paid this year
- 0.2313
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.3
2023
0.3
| Year | Per unit ($) |
|---|---|
| 2024 | 0.3073 |
| 2023 | 0.3407 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 8 OCT 2026 | 0.0342 |
| 9 SEP 2026 | 0.0498 |
| 7 AUG 2026 | 0.0020 |
| 9 JUL 2026 | 0.0251 |
| 9 JUN 2026 | 0.0231 |
| 9 APR 2026 | 0.0575 |
| 10 MAR 2026 | 0.0246 |
| 9 FEB 2026 | 0.0087 |
| 8 JAN 2026 | 0.0064 |
| 11 DEC 2025 | 0.0537 |
| 7 NOV 2025 | 0.0054 |
| 9 OCT 2025 | 0.0231 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Average
ESG risk score
24.75
Negligible
Low
Medium
High
Severe
Category average 25.65
- Rank in category
- 31st percentile of 1,846 funds
- Environmental risk
- 1.93
- Social risk
- 3.58
- Governance risk
- 1.75
- Portfolio covered
- 96.8%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 0.35%
- Low
- 34.37%
- Medium
- 42.37%
- High
- 11.02%
- Severe
- 11.90%
0.74% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
11.38
Low
Medium
High
Severe
Category average 14.86
- Carbon risk
- Medium Risk
- Rank in category
- 41st percentile of 570 funds
- Fossil fuel involvement
- 15.78%
- Category average
- 10.86%
- Low Carbon Designation
- No
- Portfolio covered
- 96.6%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Mannik S. Dhillon
- Lance Humphrey
- Lela Dunlap
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 3
- Average tenure
- 2.5 years
- Longest tenure
- 2.8 years
- Longest serving
- Mannik S. Dhillon, Lance Humphrey · since 20 DEC 2023
- Most recent appointment
- Lela Dunlap · since 1 NOV 2024
- Managed since
- 20 DEC 2023
- Other funds managed
- 62
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
No opinions for this company yet.
Action
No actions for this company yet.
Relevant suggested news and content from the site
Video
WATCH
Webinar Recording: Are commodities entering a Supercycle?
Recorded Wednesday 24th June @ 12.30pm
Podcast
LISTEN
Thursday 11th September – Dow off -220pts, SPI off -20pts
Daily Podcast Direct from the Desk
Video
WATCH
Buy Hold Sell: The 6 income stocks readers love, plus 2 expert ideas
Recorded 10th June 2026
Podcast
LISTEN
Wednesday 10th September – Dow up +196pts, SPI down -4pts
Daily Podcast Direct from the Desk
