25 Victory Capital ETFs

Victory Capital runs 25 US-listed ETFs, from CFO in 2014 to 2 launched this year. The median Victory Capital ETF charges 0.35% a year, and the cheapest charges 0.18%.

Funds25in 13 categories

Assets$29.4BAcross all 25 funds

Weighted expense ratio0.37%

ETFs since2014

Launched in 202622 in the last 12 months

Grades

A3B8C8D4F0—2not graded

About Victory Capital

Victory Capital is based in San Antonio, Texas. Its holding company, Victory Capital Holdings, Inc., was formed in 2013 to acquire Victory Capital Management from KeyCorp. The holding company is publicly traded on Nasdaq under the ticker VCTR. As of February 26, 2026, David C. Brown served as Chief Executive Officer and Chairman.sec.gov

The firm entered US-listed ETFs in 2015 by acquiring the strategic-beta ETF business of Compass EMP. Compass EMP had launched domestic ETFs in July 2015, and on August 20, 2015, Victory announced its own first ETF launches, CIL and CID.vcm.com

Victory Capital offers its ETFs under the VictoryShares brand, with Victory Capital Management Inc. serving as adviser. The lineup includes rules-based index ETFs built on volatility weighting or factors, along with some actively managed ETFs. The indexes they track come from the firm's own CEMP Volatility Weighted Indexes and from Nasdaq.sec.gov vcm.com

Every Victory Capital ETF

Select a column heading to sort.Sorted by · showing

Every Victory Capital ETF. Select a column heading to sort.
Grade
B	VictoryShares Free Cash FlowVFLO · US Quality IndexVFLO	US Quality Index	Cost 0.39%	$12.1B	1Y +41.1%	5Y No data	Yield 1.18%
B	VictoryShares Short-Term BondUSTB · US Aggregate BondUSTB	US Aggregate Bond	Cost 0.33%	$2.83B	1Y +3.1%	5Y +3.7%	Yield 4.56%
A	VictoryShares Core Intermediate BondUITB · US Aggregate BondUITB	US Aggregate Bond	Cost 0.25%	$2.67B	1Y +0.2%	5Y +0.3%	Yield 4.42%
B	VictoryShares Core Plus BondUBND · US Aggregate BondUBND	US Aggregate Bond	Cost 0.40%	$1.98B	1Y +0.7%	5Y +0.9%	Yield 5.03%
A	VictoryShares US Small Mid Cap Value MomentumUSVM · US MultifactorUSVM	US Multifactor	Cost 0.22%	$1.81B	1Y +21.9%	5Y +8.6%	Yield 1.91%
C	Victoryshares Free Cash Flow GrowthGFLW · US Growth IndexGFLW	US Growth Index	Cost 0.39%	$1.07B	1Y +8.9%	5Y No data	Yield 0.37%
A	VictoryShares WestEnd U.S. SectorMODL · US Active EquityMODL	US Active Equity	Cost 0.46%	$1.05B	1Y +12.8%	5Y No data	Yield 0.69%
C	VictoryShares Small Cap Free Cash FlowSFLO · US Quality IndexSFLO	US Quality Index	Cost 0.49%	$874M	1Y +37.8%	5Y No data	Yield 0.88%
B	VictoryShares US EQ Income Enhanced Volatility WtdCDC · US Dividend IndexCDC	US Dividend Index	Cost 0.35%	$738M	1Y +23.4%	5Y +6.6%	Yield 3.06%
D	VictoryShares Pioneer Asset-Based IncABI · Collateralized Loan Obligations (CLO)ABI	Collateralized Loan Obligations (CLO)	Cost 0.65%	$550M	1Y +4.6%	5Y No data	Yield 5.98%
C	VictoryShares US 500 Volatility WtdCFA · US Low Volatility IndexCFA	US Low Volatility Index	Cost 0.35%	$530M	1Y +15.4%	5Y +7.6%	Yield 1.20%
C	VictoryShares US 500 Enhanced Volatility WtdCFO · US Low Volatility IndexCFO	US Low Volatility Index	Cost 0.35%	$410M	1Y +15.4%	5Y +3.7%	Yield 1.20%
B	VictoryShares US Large Cap High Div Volatility WtdCDL · US Dividend IndexCDL	US Dividend Index	Cost 0.35%	$409M	1Y +23.4%	5Y +10.3%	Yield 3.05%
D	VictoryShares International Free Cash Flow GrowthGRIN · International Factor IndexGRIN	International Factor Index	Cost 0.56%	$332M	1Y +16.8%	5Y No data	Yield 0.67%
C	VictoryShares International Value MomentumUIVM · International MultifactorUIVM	International Multifactor	Cost 0.35%	$326M	1Y +26.4%	5Y +12.8%	Yield 4.24%
D	VictoryShares International Free Cash FlowIFLO · International MultifactorIFLO	International Multifactor	Cost 0.56%	$295M	1Y +36.2%	5Y No data	Yield 1.68%
B	VictoryShares US Value MomentumULVM · US MultifactorULVM	US Multifactor	Cost 0.20%	$263M	1Y +21.7%	5Y +10.9%	Yield 1.79%
B	VictoryShares US Small Cap High Div Volatility WtdCSB · US Dividend IndexCSB	US Dividend Index	Cost 0.35%	$244M	1Y +20.5%	5Y +5.0%	Yield 3.08%
C	VictoryShares Emerging Markets Value MomentumUEVM · Emerging Markets MultifactorUEVM	Emerging Markets Multifactor	Cost 0.45%	$231M	1Y +3.3%	5Y +7.6%	Yield 3.34%
B	VictoryShares Dividend AcceleratorVSDA · US Dividend IndexVSDA	US Dividend Index	Cost 0.35%	$227M	1Y +23.9%	5Y +8.7%	Yield 2.39%
D	VictoryShares US Multi-Factor Minimum VolatilityVSMV · US Low Volatility IndexVSMV	US Low Volatility Index	Cost 0.35%	$163M	1Y +17.1%	5Y +10.6%	Yield 1.31%
C	VictoryShares Corporate BondUCRD · Investment Grade CorporateUCRD	Investment Grade Corporate	Cost 0.40%	$147M	1Y +0.3%	5Y +0.1%	Yield 4.28%
C	VictoryShares WestEnd Global EquityGLOW · Global Active EquityGLOW	Global Active Equity	Cost 0.74%	$76M	1Y +15.5%	5Y No data	Yield 1.13%
—	VictoryShares Municipal High YieldVMHYVMHY	No data	Cost 0.34%	$24M	1Y No data	5Y No data	Yield No data
—	VictoryShares Short-Duration MunicipalVMSDVMSD	No data	Cost 0.18%	$24M	1Y No data	5Y No data	Yield No data

Victory Capital ETFs by category

EquityFixed Income

Launches

2funds launched in the last 12 months

September 2026

—VMHYVictoryShares Municipal High YieldSep 22 —VMSDVictoryShares Short-Duration MunicipalSep 22

Questions

How many ETFs does Victory Capital run?: Victory Capital runs 25 US-listed ETFs: 18 equity funds and 7 fixed income funds, across 13 categories.
What is the largest Victory Capital ETF?: VictoryShares Free Cash Flow ETF (VFLO) is the largest, with $12.1B in assets. VictoryShares Short-Term Bond ETF (USTB) is second.
What is the cheapest Victory Capital ETF?: VictoryShares Short-Duration Municipal ETF (VMSD) is the cheapest, at 0.18% a year. The median Victory Capital ETF charges 0.35%.
What does the Grade on each fund mean?: Each A–F Grade compares a fund with the other funds in its own category, on cost, mission, risk, tradability, holdings and durability. It does not rate Victory Capital, and Grades in different categories do not compare.
When did Victory Capital launch its first ETF?: VictoryShares US 500 Enhanced Volatility Wtd ETF (CFO) launched on Jul 1, 2014. Victory Capital has launched 2 ETFs so far in 2026.