ETF Evaluator:
VictoryShares Intl Free Csh Flow ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Foreign Large Value Over the Last Year
| 42.4% | GMO International Value ETF (GMOI) |
| 42.0% | JPMorgan International Value ETF (JIVE) |
| 40.1% | Schwab Fundamental International Eq ETF (FNDF) |
| 39.7% | Cambria Global Value ETF (GVAL) |
| 39.3% | Invesco RAFI Developed Markets ex-US ETF (PXF) |
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ETF Details
VictoryShares Intl Free Csh Flow ETF Overview
VictoryShares Intl Free Csh Flow ETF (IFLO) is a passively managed International Equity Foreign Large Value exchange-traded fund (ETF). Victory Capital Management Inc. launched the ETF in 2025.
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Victory International Free Cash Flow Index.
Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of non-U.S. developed markets within the parent index that have high free cash flow yields, which is a financial valuation metric that compares the free cash flow a company is expected to earn against its market value adjusted for a company’s debt and cash.
About VictoryShares Intl Free Csh Flow ETF (IFLO)
There are 3 members of the management team with an average tenure of 1.10 years: Mannik Dhillon (2025), Lance Humphrey (2025) and Lela Dunlap (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Victory International Free CF TR USD index with a weighting of 100%. VictoryShares Intl Free Csh Flow ETF has 102 securities in its portfolio. The top 10 holdings constitute 19.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VictoryShares Intl Free Csh Flow ETF is part of the Equity global asset class and is within the International Equity ETF group. VictoryShares Intl Free Csh Flow ETF has 99.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.8% There is 99.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VictoryShares Intl Free Csh Flow ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $196 million in total assets, which is below the $2 billion average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IFLO Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VictoryShares Intl Free Csh Flow ETF expense ratio is average compared to funds in the Foreign Large Value category. VictoryShares Intl Free Csh Flow ETF has an expense ratio of 0.56%, which is 21% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VictoryShares Intl Free Csh Flow ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 44% for the Foreign Large Value category.
Recently, in the month of July 2026, VictoryShares Intl Free Csh Flow ETF returned 5.0%, which earned it a grade of C, as the Foreign Large Value category had an average return of 4.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VictoryShares Intl Free Csh Flow ETF has a trailing yield of 1.52%, which is below the 3.26% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VictoryShares Intl Free Csh Flow ETF Grades
Year to date, the ETF has returned 22.7%, 7.7 percentage points better than the category, which translates into a grade of A. The fund has returned 37.1% over the past year (grade of A).
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IFLO Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IFLO Return (NAV) | 5.0% | 7.8% | 37.1% | na | na | na |
| IFLO Return (Price) | 4.5% | 7.5% | 36.8% | na | na | na |
| NAV +/- Price Return | 0.496% | 0.216% | 0.329% | na | na | na |
| Foreign Large Value Avg | 4.5% | 5.1% | 30.8% | 19.8% | 12.1% | 9.9% |
| IFLO Grade (NAV) | C | A | A | na | na | na |
| +/- Category (NAV) | 0.5% | 2.6% | 6.3% | na | na | na |
| IFLO Tax-Cost Ratio | na | na | 0.6% | na | na | na |
IFLO Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IFLO Return (NAV) | 22.7% | na | na | na | na | na | na | na | na | na | na |
| IFLO Return (Price) | 22.6% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.004% | na | na | na | na | na | na | na | na | na | na |
| Foreign Large Value Avg | 15.0% | 38.6% | 4.7% | 16.7% | -8.9% | 12.3% | -0.7% | 18.8% | -13.7% | 23.2% | 6.9% |
| IFLO Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 7.7% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.5% |
| Total Assets: | $ 197 Mil |
| Share Class Assets: | $ 197 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.56% |
| Index Fund: | Yes |
| Index Tracked: | Victory International Free CF TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.1 years | |||
| Average Tenure: 1.1 years | |||
| Managers (Year): Dhillon Mannik (2025), Humphrey Lance (2025), Dunlap Lela (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 102 |
| % in Top 10 Holdings: | 19.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 99.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.8% |
| Foreign Stock: | 99.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Victory Capital Management Inc. |
| Phone Number: | 800-539-3863 |
| Website: | www.CompassEMPFunds.com |
| Inception Date: | June 25, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.56% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.46% |
