Skip to content

VictoryShares International Free Cash Flow Growth ETF

GRINNasdaqVictory CapitalD

$30.97−0.03 (−0.10%)

At close: Nov 2, 2026, 4:00 PM ET

Intraday session: down, 79 prints from 31.00 to 30.97. Range 30.97 to 31.38. Use the arrow keys to read each point.31.1031.2031.3010 AM12 PM2 PM4 PM
Expense ratio
0.56%*
Fund size
$346M
1Y total return
+12.7%
Yield · Last 12 months
0.67%
Holdings
103
Avg volume · 30D
34.4K sh
52W range
low $25.75high $34.70
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Oct 31, 2027. Without it: 0.63%.

The ETF.net GRIN Grade

D

Score 36 out of 100

Rank
14 of 15
Six-pillar profile for GRIN. Scores out of 100: Cost 25, Risk 16, Mission 71, Tradability 26, Holdings 40, Durability 20. Strongest: Mission (71). Weakest: Risk (16). Leans toward Mission.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D25 out of 100
    Rank 11 of 15
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A71 out of 100
    Rank 6 of 9
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F16 out of 100
    Rank 15 of 15
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D26 out of 100
    Rank 12 of 15
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C40 out of 100
    Rank 12 of 15
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F20 out of 100
    Rank 14 of 15

Our read on GRIN

ETF.net Research

In short

DFree-cash-flow funds abroad usually hunt cheap cash cows. GRIN runs the math the other way: non-US developed large caps ranked on cash generated per dollar of invested capital, then screened for sales and profit growth.

Stated mandate

The fund is designed to provide exposure to equity securities of growth companies in non-U.S. developed markets, using free-cash-flow-oriented profitability measures in the index methodology.

Why people hold it

  • The screen is concrete: expected free cash flow divided by invested capital, then the strongest growth scores from sales and EBITDA trends, with sector, country and single-stock weight caps.b-cdn.net
  • It points the free-cash-flow framework Victory already runs on US large caps at non-US developed markets, rather than a one-off idea built for a single launch.vcm.comvcm.com 2
  • Roughly 110 developed-market names, with index limits on sector, country and stock weight, so one hot market cannot quietly become the whole portfolio.b-cdn.net
  • Rules, not hunches: it tracks a published index, so the methodology tells you exactly what earns a spot and what gets cut at rebalance.b-cdn.net

Worth knowing

  • Cost is the trade-off: a 1.06% gross expense ratio against rules-based international factor peers such as QLVD (0.15%), ACWV (0.20%) and IDMO (0.25%).
  • The lower net fee comes from a contractual waiver with an expiration date (October 31, 2026), so check the prospectus for the figure currently in force.vcm.com
  • It launched in June 2025 and trades thinly, so there is little live history to judge and spreads can widen on quiet days. Distributions are irregular, not scheduled.

GRIN Performance

Launched Jun 25, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
GRIN$11,275
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GRIN $11,275. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GRIN. Periods over one year show the average yearly return.
PeriodGRIN
Year to date+12.9%
1 month−4.6%
3 months−1.1%
1 year+12.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GRIN
YearReturn barGRIN
2026 YTD+12.9%
2025+8.7%

History from Jun 26, 2025

GRIN in the news

GRIN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.67%Last 12 months
Payout per share
$0.21Last 12 months
Last payment
$0.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 12 payments from 2025 to 2026 YTD. Jul 10, 2025 $0.0056; Sep 8, 2025 $0.01; Oct 9, 2025 $0.01; Dec 11, 2025 $0.01; Feb 9, 2026 $0.0071; Mar 10, 2026 $0.02; Apr 9, 2026 $0.04; May 8, 2026 $0.03; Jun 9, 2026 $0.03; Jul 9, 2026 $0.0051; Sep 9, 2026 $0.0084; Oct 8, 2026 $0.05. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 8, 2026Oct 9, 2026$0.05
Sep 9, 2026Sep 10, 2026$0.0084
Jul 9, 2026Jul 10, 2026$0.0051
Jun 9, 2026Jun 10, 2026$0.03
May 8, 2026May 11, 2026$0.03
Apr 9, 2026Apr 10, 2026$0.04
Mar 10, 2026Mar 11, 2026$0.02
Feb 9, 2026Feb 10, 2026$0.0071
Dec 11, 2025Dec 12, 2025$0.01
Oct 9, 2025Oct 10, 2025$0.01
Sep 8, 2025Sep 9, 2025$0.01
Jul 10, 2025Jul 11, 2025$0.0056

$10,000 in GRIN 1 year ago paid $74.84 in dividends.

GRIN Risk

How much the fund’s monthly returns vary, scaled to a year.
19.5%
Annualised · 16 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.63
vs 3-month T-bills · 16 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−14.3%
16 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.14
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GRIN Cost

Overpaying vs VDG, cheapest in International Factor Index

$9,399

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GRIN 0.56%

    $11,088

  • VDG 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • GRIN 0.56%
  • VDG 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530GRIN $11,088VDG $1,689

Year by year

YearGRINVDGOverpaying
10$1,006$147$859
20$3,855$575$3,280
30$11,088$1,689$9,399
How the 0.56% is worked out

Full fee 0.63%− waiver 0.07%= you pay 0.56%

The waiver ends Oct 31, 2027. After that the fee is 0.63% unless Victory Capital renews it. Source: prospectus, Oct 2026.

Other funds in International Factor Index