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Launched

VictoryShares Small Cap Free Cash Flow ETF

SFLONasdaqVictory CapitalC

$38.45−0.32 (−0.81%)

As of Nov 10, 2026, 11:25 AM ET

C49/ 100

Rank 18 of 26 in US Quality Index

C49/100Rank 18 of 26inUS Quality Index
Intraday session: down, 24 prints from 38.77 to 38.45. Range 38.25 to 38.54. Use the arrow keys to read each point.38.3038.6038.7010 AM12 PM2 PM4 PM
Expense ratio
0.49%*
Fund size
$874M
1Y total return
+37.8%
Yield · Last 12 months
0.88%
Holdings
200
Avg volume · 30D
172K sh
52W range
low $27.45high $42.00
Launched

*After a fee waiver that ends Oct 31, 2027. Without it: 0.53%.

The ETF.net SFLO Grade

C

Score 49 out of 100

Category
US Quality Index⁠
Rank
18 of 26
Six-pillar profile for SFLO. Scores out of 100: Cost 26, Risk 46, Mission 66, Tradability 51, Holdings 83, Durability 50. Strongest: Holdings (83). Weakest: Cost (26). Leans toward Holdings.

Score 49 of 100 falls in the C 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.
    D26 out of 100
    Rank 17 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B66 out of 100
    Rank 13 of 19

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C46 out of 100
    Rank 15 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 13 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A83 out of 100
    Rank 3 of 26

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C50 out of 100
    Rank 14 of 26

Our read on SFLO

ETF.net Research

In short

CSmall caps are famous for companies that lose money. SFLO screens that universe for free cash flow and growth, then holds roughly 200 names, and it pays out monthly.

Stated mandate

The Fund seeks to track, before fees and expenses, the Victory U.S. Small Cap Free Cash Flow Index. It normally emphasizes U.S. small-cap equity securities selected through a rules-based free-cash-flow and growth methodology.

Why people hold it

  • The whole point: a rules-based screen that ranks U.S. small caps on free cash flow and growth, so the cash-burners that populate the broad small-cap benchmarks get filtered out.
  • Roughly 200 stocks. Concentrated enough that the cash-flow screen actually shows up in the portfolio, broad enough that no single name runs the show.
  • Pays monthly, which is rare in small-cap equity funds where quarterly is the norm.
  • It tracks a published index rather than a stock-picker's hunches, so the rules are the same every rebalance.

Worth knowing

  • The screen costs you: 0.56% a year, more than double the typical small-cap ETF, and many times what plain trackers like VB (0.03%), SCHA (0.03%) and IWM (0.19%) charge.
  • Launched in December 2023, so the strategy has yet to be tested across a full market cycle.
  • Trading is moderate rather than heavy, so spreads can be wider than the household-name small-cap funds, especially around the open and close.

SFLO Performance

Launched Dec 20, 2023

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.
SFLO$13,779
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. SFLO $13,779. SPY $11,339. Use the arrow keys to read each point.$10,000$12,000$14,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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 SFLO. Periods over one year show the average yearly return.
PeriodSFLO
Year to date+32.6%
1 month+0.9%
3 months+0.2%
1 year+37.8%
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 SFLO
YearReturn barSFLO
2026 YTD+32.6%
2025+11.9%
2024+6.5%
2023−0.2%

History from Dec 21, 2023

SFLO in the news

SFLO 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 Nov 9, 2026.
0.88%Last 12 months
Payout per share
$0.34Last 12 months
Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2024–2026

One bar per payment. 33 payments from 2024 to 2026 YTD. Feb 9, 2024 $0.01; Mar 11, 2024 $0.04; Apr 11, 2024 $0.04; May 9, 2024 $0.01; Jun 12, 2024 $0.06; Jul 10, 2024 $0.02; Aug 8, 2024 $0.002; Sep 11, 2024 $0.06; Oct 8, 2024 $0.02; Nov 7, 2024 $0.01; Dec 12, 2024 $0.08; Jan 8, 2025 $0.0023; Feb 7, 2025 $0.02; Mar 10, 2025 $0.04; Apr 10, 2025 $0.05; May 8, 2025 $0.02; Jun 9, 2025 $0.04; Jul 10, 2025 $0.02; Aug 6, 2025 $0.01; Sep 8, 2025 $0.03; Oct 9, 2025 $0.02; Nov 7, 2025 $0.0054; Dec 11, 2025 $0.05; Jan 8, 2026 $0.0064; Feb 9, 2026 $0.0087; Mar 10, 2026 $0.02; Apr 9, 2026 $0.06; Jun 9, 2026 $0.02; Jul 9, 2026 $0.03; Aug 7, 2026 $0.002; Sep 9, 2026 $0.05; Oct 8, 2026 $0.03; Nov 6, 2026 $0.06. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Nov 6, 2026Nov 9, 2026$0.06
Oct 8, 2026Oct 9, 2026$0.03
Sep 9, 2026Sep 10, 2026$0.05
Aug 7, 2026Aug 10, 2026$0.002
Jul 9, 2026Jul 10, 2026$0.03
Jun 9, 2026Jun 10, 2026$0.02
Apr 9, 2026Apr 10, 2026$0.06
Mar 10, 2026Mar 11, 2026$0.02
Feb 9, 2026Feb 10, 2026$0.0087
Jan 8, 2026Jan 9, 2026$0.0064
Dec 11, 2025Dec 12, 2025$0.05
Nov 7, 2025Nov 10, 2025$0.0054

See all 33 payments⁠

$10,000 in SFLO 1 year ago paid $118 in dividends.⁠

SFLO Risk

Risk pillarC46 out of 100Rank 15 of 26 in US Quality Index
How much the fund’s monthly returns vary, scaled to a year.
17.6%
Annualised · 34 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.
0.82
vs 3-month T-bills · 34 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.
−26.6%
34 months · trough Apr 2025
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.
0.85
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.

SFLO Cost

Compare SFLO and JQUA

Overpaying vs JQUA, cheapest in US Quality Index

$7,272

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

  • SFLO 0.49%

    $9,792

  • JQUA 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • SFLO 0.49%
  • JQUA 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530SFLO $9,792JQUA $2,520

Year by year

YearSFLOJQUAOverpaying
10$883$220$663
20$3,394$859$2,535
30$9,792$2,520$7,272
How the 0.49% is worked out

Full fee 0.53%− waiver 0.04%= you pay 0.49%

The waiver ends Oct 31, 2027. After that the fee is 0.53% unless Victory Capital renews it. Source: prospectus, Oct 2026.

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