Victory Capital Introduces VictoryShares® Free Cash Flow ETF Further Expanding its ETF Offerings
June 22 2023 - 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 ETF (VFLO).
VFLO seeks to provide investment results that track the
performance of the Victory U.S. Large Cap Free Cash Flow Index
(“the Index”), which invests in profitable U.S. large-cap companies
with high free cash flow yields and favorable growth prospects. The
Index screens an initial universe of companies for historical and
projected free cash flows. It then goes a step further by
eliminating companies with the worst growth characteristics to seek
better outcomes in a variety of market environments.
“With the launch of VFLO, we are evolving traditional value
strategies by leveraging well-researched methodologies designed to
provide investors with a compelling opportunity to capitalize on
companies with attractive free cash flow yields without sacrificing
growth potential,” said Mannik Dhillon, CFA, CAIA, President,
VictoryShares and Solutions. “It is a testament to our commitment
to developing innovative solutions designed to deliver improved
investment outcomes for our clients and investors.”
About Victory Capital
Victory Capital is a diversified global asset management firm
with $154.8 billion in assets under management as of May 31, 2023.
It was ranked No. 55 on the Fortune 100 Fastest-Growing Companies
list for 2022 and is one of only 24 companies to make the list for
the second consecutive year. 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 12 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 nationwide and investment professionals in the U.S. and
abroad. To learn more please visit www.vcm.com or follow Victory
Capital on Twitter and LinkedIn.
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.victorysharesliterature.com. Read it carefully before
investing.
The Victory U.S. Large Cap Free Cash Flow Index aims to select
high quality companies from its starting universe by applying
profitability screens. It then selects companies with the strongest
free cash flow yield that exhibit higher growth. The Index is
rebalanced and reconstituted quarterly.
This Index calculates free cash flow yield by dividing expected
free cash flow by enterprise value. Expected free cash flow is the
average of trailing 12-month FCF and next 12-month forward free
cash flow. Enterprise value (EV) measures a company's total value,
often used as a more comprehensive alternative to equity market
capitalization.
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. Derivatives may not work as intended and may result in
losses. Large shareholders, including other funds advised by the
Adviser, may own a substantial amount of the Fund’s shares. The
actions of 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.
Distributed by Foreside Fund Services, LLC (Foreside). Foreside
is not affiliated with Victory Capital Management Inc. (VCM), the
Fund's advisor. Neither Foreside nor VCM are affiliated with
VettaFi.
Investments involve risk including possible loss of
principal. ETFs have the same risks as the underlying
securities traded on the exchange throughout the day. Redemptions
are limited and often commissions are charged on each trade, and
ETFs may trade at a premium or discount to their net asset
value.
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is used under license. Fortune and Fortune Media IP Limited are not
affiliated with, and do not endorse products or services of,
Victory Capital Holdings, Inc.
The Fortune® annual list ranks the top performing, publicly
traded companies in revenues, profits and stock returns over the
three-year period ended April 30, 2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20230622119396/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
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