Victory Capital Introduces VictoryShares® Free Cash Flow Growth ETF Further Expanding its ETF Suite
December 04 2024 - 8:30AM
Business Wire
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today announced that its wholly owned investment
adviser, Victory Capital Management Inc., has launched a new
rules-based exchange-traded fund (“ETF”), VictoryShares Free
Cash Flow Growth ETF (GFLW).
GFLW seeks to provide investment results that track the
performance of the Victory Free Cash Flow Growth Index (“the
Index”), which is composed of high-quality, large-cap growth
companies with the potential to compound free cash flow (FCF)
generation over time. The Index screens an initial universe of
companies for historical and projected free cash flows. It then
targets highly profitable companies by screening for the highest
FCF over invested capital. Finally, it selects those with the
highest growth prospects to seek better outcomes in a variety of
market environments with an added emphasis on profitability and
growth.
GFLW becomes the third strategy in the Company’s next-generation
FCF ETF suite, joining VictoryShares Free Cash Flow ETF (VFLO) and
VictoryShares Small Cap Free Cash Flow ETF (SFLO).
“Given the favorable response from financial advisors and
clients to both VFLO and SFLO, the addition of a free cash flow
alternative that sits on the growth side of the style box was a
natural evolution of our FCF suite,” said Mannik Dhillon, CFA®,
CAIA®, President, Investment Franchises and Solutions, for Victory
Capital. “GFLW builds on the innovative methodologies used by VFLO
and SFLO and allows investors to capitalize on companies with
attractive free cash flow profitability and strong growth prospects
in the large-cap growth allocation of their portfolios.”
About Victory Capital
Victory Capital is a diversified global asset management firm
with $176.5 billion in total client assets, as of October 31, 2024.
The Company employs a next-generation business strategy that
combines boutique investment qualities with the benefits of a fully
integrated, centralized operating and distribution platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With 11 autonomous Investment Franchises and a Solutions
Business, Victory Capital offers a wide array of investment
products and services, including mutual funds, ETFs, separately
managed accounts, alternative investments, third-party ETF model
strategies, collective investment trusts, private funds, a 529
Education Savings Plan, and brokerage services.
Victory Capital is headquartered in San Antonio, Texas, with
offices and investment professionals in the U.S. and around the
world. To learn more please visit www.vcm.com or follow Victory
Capital on Facebook, Twitter, and LinkedIn.
Past performance is not indicative of future results.
Carefully consider a fund’s investment objectives, risks,
charges and expenses before investing. To obtain a prospectus or
summary prospectus containing this and other important information,
visit www.vcm.com/prospectus. Read it carefully
before investing.
All investing involves risk, including the potential loss of
principal. The Fund has the same risks as the underlying
securities traded on the exchange throughout the day. Redemptions
are limited, and commissions are often charged on each trade. ETFs
may trade at a premium or discount to their net asset value. The
Fund invests in securities included in, or representative of
securities included in, the Index, regardless of their investment
merits. The performance of the Fund may diverge from that of the
Index. Large shareholders, including other funds advised by the
Adviser, may own a substantial amount of the Fund’s shares. The
actions of large shareholders, including large inflows or outflows,
may adversely affect other shareholders, including potentially
increasing capital gains. Investments in mid-cap companies
typically exhibit higher volatility. The value of your investment
is also subject to geopolitical risks such as wars, terrorism,
environmental disasters, and public health crises; the risk of
technology malfunctions or disruptions; and the responses to such
events by governments and/or individual companies.
The Fund is a recently organized management investment company
with no operating history. As a result, prospective investors do
not have a track record or history on which to base their
investment decisions.
Distributed by Foreside Fund Services, LLC (Foreside). Foreside
is not affiliated with Victory Capital Management Inc., the Fund’s
advisor.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241204822975/en/
Investors: Matthew Dennis, CFA Chief of Staff Director,
Investor Relations 216-898-2412 mdennis@vcm.com Media:
Jessica Davila Director, Global Communications 210-694-9693
jessica_davila@vcm.com
Victory Capital (NASDAQ:VCTR)
Historical Stock Chart
From Nov 2024 to Dec 2024
Victory Capital (NASDAQ:VCTR)
Historical Stock Chart
From Dec 2023 to Dec 2024