ETF Education Report: VictoryShares Free Cash Flow ETF (VFLO)

What this ETF is trying to do

The VictoryShares Free Cash Flow ETF (VFLO) is an exchange-traded fund listed on the NASDAQ. While the specific investment strategy isn't detailed in the data, it holds a variety of different companies. Based on its top holdings, it includes companies from sectors like technology and energy.

What the numbers show

When looking at an ETF, it is important to understand two different types of returns: price return and total return.

• Price Return: This measures only the change in the share price.

• Total Return: This includes both the share price change and any cash distributions (dividends) paid out.

For VFLO, the numbers show growth over different time periods:

• Year-to-Date (YTD): The price return is approximately 33.77%, while the total return is approximately 34.65%.

• One Year: The price return was approximately 40.67%, and the total return was approximately 42.37%.

• Three Years: The price return was approximately 102.96%, and the total return was approximately 111.50%.

To visualize this, the estimated price from roughly one year ago was $37.45. The current price is $52.68.

Income and distribution explanation

Some investors look for ETFs that pay out cash, known as distributions. VFLO has a distribution yield of approximately 0.99%. This means the cash distributed is about 0.99% of the ETF's price. The trailing distributions were $0.522 per share, and these are usually paid out monthly (with 10 payouts recorded in the last 12 months).

It is important to remember that a distribution yield is not the same as total return. A high yield does not guarantee that an investor will earn that same percentage in overall profit.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases significantly. Some investors worry that high payouts might cause this. However, for VFLO, the erosion-risk score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this ETF.

Pros

• The ETF has shown positive price returns and total returns over the last year and three years.

• The erosion-risk measurement is rated as "good."

Cons

• The distribution yield (0.99%) is relatively low compared to some high-income funds.

• The top holdings list is partial, meaning the fund contains more companies than those listed here.

Beginner takeaway

VFLO has experienced significant share-price growth over the last three years. While it does provide some monthly cash distributions, its main performance driver has been the increase in its share price. Always remember to look at both price return and total return to see the full picture of how an ETF has performed.

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Top Holdings (Partial List):

• Micron Technology Inc (4.58%)

• Sandisk Corp Ordinary Shares (4.13%)

• Accenture PLC Class A (3.71%)

• Marathon Petroleum Corp (3.52%)

• Adobe Inc (3.32%)

• ExxonMobil Holdings Corp (3.26%)

• Centene Corp (3.18%)

• Intuit Inc (2.88%)

• Expedia Group Inc (2.67%)

• The Cigna Group (2.59%)

*Note: Holdings can change over time. This list is partial and based on data updated as of October 4, 2026.*