ETF Evaluator:
VictoryShares Small Cap Fr CA Flw ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Small Value Over the Last Year
| 44.0% | EA Bridgeway Omni Small-Cap Value ETF (BSVO) |
| 43.5% | Cambria Micro and Smcp Shld Yld ETF (MYLD) |
| 42.4% | First Trust Small Cap Val AlphaDEX® ETF (FYT) |
| 42.0% | Invesco S&P SmallCap 600® Pure Value ETF (RZV) |
| 41.7% | EA Bridgeway Ultra-Small Company Mkt ETF (BUSM) |
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ETF Details
VictoryShares Small Cap Fr CA Flw ETF Overview
VictoryShares Small Cap Fr CA Flw ETF (SFLO) is a passively managed U.S. Equity Small Value exchange-traded fund (ETF). Victory Capital Management Inc. launched the ETF in 2023.
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Victory U.S. Small Cap 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 and at least 80% of its assets in equity securities with small market capitalizations. The index is designed to deliver exposure to equity securities of U.S. issuers within the parent index that have high free cash flow yields.
About VictoryShares Small Cap Fr CA Flw ETF (SFLO)
There are 3 members of the management team with an average tenure of 2.32 years: Mannik Dhillon (2023), Lance Humphrey (2023) and Lela Dunlap (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 TR USD index with a weighting of 100%. VictoryShares Small Cap Fr CA Flw ETF has 201 securities in its portfolio. The top 10 holdings constitute 13.5% 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 Small Cap Fr CA Flw ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. VictoryShares Small Cap Fr CA Flw ETF has 0.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.0% There is 0.9% 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 Small Cap Fr CA Flw ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $684 million in total assets, which is below the $2 billion average for the Small 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.
SFLO 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 Small Cap Fr CA Flw ETF expense ratio is average compared to funds in the Small Value category. VictoryShares Small Cap Fr CA Flw ETF has an expense ratio of 0.49%, which is 2% higher than its category average, making the fund expense ratio grade a C. 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 Small Cap Fr CA Flw ETF has a portfolio turnover rate of 125%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 60% for the Small Value category.
Recently, in the month of July 2026, VictoryShares Small Cap Fr CA Flw ETF returned 9.8%, which earned it a grade of A, as the Small Value category had an average return of 1.2%. 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 Small Cap Fr CA Flw ETF has a trailing yield of 0.72%, which is below the 1.71% 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 Small Cap Fr CA Flw ETF Grades
Year to date, the ETF has returned 28.0%, 8.3 percentage points better than the category, which translates into a grade of A. The fund has returned 40.5% over the past year (grade of A).
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SFLO 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 |
|
| SFLO Return (NAV) | 9.8% | 15.8% | 40.5% | na | na | na |
| SFLO Return (Price) | 9.8% | 15.7% | 40.5% | na | na | na |
| NAV +/- Price Return | 0.029% | 0.036% | -0.023% | na | na | na |
| Small Value Avg | 1.2% | 6.4% | 31.1% | 13.1% | 8.6% | 10.2% |
| SFLO Grade (NAV) | A | A | A | na | na | na |
| +/- Category (NAV) | 8.7% | 9.4% | 9.4% | na | na | na |
| SFLO Tax-Cost Ratio | na | na | 0.3% | na | na | na |
SFLO Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SFLO Return (NAV) | 28.0% | 11.9% | 6.5% | na | na | na | na | na | na | na | na |
| SFLO Return (Price) | 27.9% | 11.9% | 6.5% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.005% | -0.003% | 0.006% | na | na | na | na | na | na | na | na |
| Small Value Avg | 19.7% | 7.0% | 7.8% | 17.1% | -10.9% | 33.0% | 4.1% | 21.2% | -12.2% | 9.8% | 29.4% |
| SFLO Grade (NAV) | A | A | D | na | na | na | na | na | na | na | na |
| +/- Category | 8.3% | 4.9% | -1.3% | 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: | 0.7% |
| Total Assets: | $ 685 Mil |
| Share Class Assets: | $ 685 Mil |
| Turnover: | 125.0% |
| Expense Ratio: | 0.49% |
| Index Fund: | Yes |
| Index Tracked: | Russell 3000 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: 2.6 years | |||
| Average Tenure: 2.3 years | |||
| Managers (Year): Dhillon Mannik (2023), Humphrey Lance (2023), Dunlap Lela (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 201 |
| % in Top 10 Holdings: | 13.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.9% |
Portfolio Allocation |
|
| Domestic Stock: | 99.0% |
| Foreign Stock: | 0.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Victory Capital Management Inc. |
| Phone Number: | 866-376-7890 |
| Website: | www.CompassEMPFunds.com |
| Inception Date: | December 20, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.49% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.48% |
