For educational purposes only. Nothing on this site constitutes investment advice. Disclaimers
Alpha Stacking
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For educational purposes only. Nothing on this site constitutes investment advice. Disclaimers
Alpha Stacking
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For educational purposes only. Nothing on this site constitutes investment advice. Disclaimers
VFLO targets large-cap U.S. names with attractive free-cash-flow yield versus a broad large/mid benchmark—a “cash cows” equity factor sleeve.
Total return (Yahoo adjusted close—dividends and splits per Yahoo), normalized to $10,000 at first available trade date. Educational only.
Victory’s index sorts the eligible universe for free-cash-flow yield and related quality screens, then weights toward names that convert accounting earnings into distributable cash—expect persistent tilts to cash-rich sectors (tech platforms with ads, healthcare cash machines, selective industrials) versus asset-heavy cyclicals.
FCF yield is backward-looking: commodity or consumer cycles can flip cash conversion faster than annual statements. Comparing VFLO to profitability-focused indexes shows where capex timing changes the picture.
Victory Capital runs multi-affiliate equity boutiques under one listed holding company; VictoryShares benefits from shared index governance and capital markets coverage while the FCF methodology is Victory’s proprietary ruleset.
With about $314 billion in total client assets at year-end 2025, Victory has institutional-grade operations for a $6B factor sleeve—meaningful scale for creation/redemption even when value/cash-flow factors fall out of favor.
Outperforms when investors pay up for balance-sheet quality and punish levered story stocks, late cycle, credit tightening, or macro ranges where cash deployment (buybacks, dividends, M&A) drives returns.
Underperforms in speculative rallies where multiples expand on thin cash flows; favorable tape is fundamentals-first leadership, not meme liquidity.
Read the factor investing guide for the return driver, failure modes, and how this type of sleeve fits in an alpha stacking portfolio.
| Ticker | Name | Score | MER | AUM |
|---|---|---|---|---|
| VFLO | VictoryShares Free Cash Flow ETF | A+ | 0.44% | ~$6B |
| COWZ | Pacer U.S. Cash Cows 100 ETF | B | 0.49% | ~$30B |
| SFLO | VictoryShares Small Cap Free Cash Flow ETF | B | 0.49% | ~$481M |
| GARP | iShares MSCI USA Quality GARP ETF | A | 0.15% | ~$3.6B |
| SGRT | SMART Earnings Growth 30 ETF | A+ | 0.59% | ~$58M |
| VAMO | Cambria Value and Momentum ETF | B | 0.65% | ~$83M |
| AVUV | Avantis U.S. Small Cap Value ETF | B | 0.25% | ~$24B |
| COPY | Tweedy, Browne Insider + Value ETF | A+ | 0.80% | ~$367M |
| AVDV | Avantis International Small Cap Value ETF | A | 0.36% | ~$15B |
| Portfolio | Category | Portfolio rating | Allocation |
|---|---|---|---|
| 60/40 Alpha Stack | Retirement | A+ | 15% |
| Alpha Quadrants | Multi-Strat | A | 10% |
| Factor - Momentum & Value Barbell | Factor | A | 20% |
| Trend - CTA / Managed Futures | Trend / CTA | A | 10% |
| US + Gold & Alt Blend | Multi-Strat | B+ | 15% |
Use the issuer and regulatory documents below to verify current holdings, fees, exposure, and risk disclosures.