ETF Evaluator:
VictoryShares Intl Free Csh Flow Gr ETF (GRIN)
Follow This ETF
(as of Jul 31)
Best Performing in Foreign Large Growth Over the Last Year
| 72.2% | Renaissance International IPO ETF (IPOS) |
| 49.3% | Wahed Dow Jones Islamic World ETF (UMMA) |
| 47.7% | First Trust International Eq Opps ETF (FPXI) |
| 43.3% | SP Funds S&P World ETF (SPWO) |
| 36.2% | Invesco S&P International Dev Qual ETF (IDHQ) |
Risk
Index
Risk
Index
ETF Details
VictoryShares Intl Free Csh Flow Gr ETF Overview
VictoryShares Intl Free Csh Flow Gr ETF (GRIN) is a passively managed International Equity Foreign Large Growth 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 Growth 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 of growth companies.
About VictoryShares Intl Free Csh Flow Gr ETF (GRIN)
There are 3 members of the management team with an average tenure of 1.01 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 Inter Growth Free CF TR USD index with a weighting of 100%. VictoryShares Intl Free Csh Flow Gr ETF has 103 securities in its portfolio. The top 10 holdings constitute 27.2% 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 Gr ETF is part of the Equity global asset class and is within the International Equity ETF group. VictoryShares Intl Free Csh Flow Gr ETF has 95.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 4.8% There is 95.2% 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 Gr ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $286 million in total assets, which is below the $1 billion average for the Foreign Large Growth 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.
GRIN 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 Gr ETF expense ratio is average compared to funds in the Foreign Large Growth category. VictoryShares Intl Free Csh Flow Gr ETF has an expense ratio of 0.56%, which is 4% lower 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 Intl Free Csh Flow Gr 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 57% for the Foreign Large Growth category.
Recently, in the month of June 2026, VictoryShares Intl Free Csh Flow Gr ETF returned 4.4%, which earned it a grade of A, as the Foreign Large Growth category had an average return of 1.8%. 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 Gr ETF has a trailing yield of 0.52%, which is below the 1.28% 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 Gr ETF Grades
Year to date, the ETF has returned 21.2%, 9.3 percentage points better than the category, which translates into a grade of A. The fund has returned 30.6% over the past year (grade of A).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about VictoryShares Intl Free Csh Flow Gr ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
GRIN Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GRIN Return (NAV) | 4.4% | 23.4% | 30.6% | na | na | na |
| GRIN Return (Price) | 5.3% | 22.6% | 31.6% | na | na | na |
| NAV +/- Price Return | -0.941% | 0.761% | -1.028% | na | na | na |
| Foreign Large Growth Avg | 1.8% | 16.0% | 17.8% | 14.8% | 4.7% | 9.4% |
| GRIN Grade (NAV) | A | A | A | na | na | na |
| +/- Category (NAV) | 2.6% | 7.4% | 12.7% | na | na | na |
| GRIN Tax-Cost Ratio | na | na | 0.2% | na | na | na |
GRIN Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GRIN Return (NAV) | 21.2% | na | na | na | na | na | na | na | na | na | na |
| GRIN Return (Price) | 22.7% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.070% | na | na | na | na | na | na | na | na | na | na |
| Foreign Large Growth Avg | 11.9% | 21.7% | 5.0% | 15.2% | -23.7% | 7.9% | 22.1% | 31.3% | -15.6% | 31.7% | -1.2% |
| GRIN Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 9.3% | 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: | 0.5% |
| Total Assets: | $ 287 Mil |
| Share Class Assets: | $ 287 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.56% |
| Index Fund: | Yes |
| Index Tracked: | Victory Inter Growth 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: 1.0 years | |||
| Average Tenure: 1.0 years | |||
| Managers (Year): Dhillon Mannik (2025), Humphrey Lance (2025), Dunlap Lela (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 103 |
| % in Top 10 Holdings: | 27.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 95.2% |
Portfolio Allocation |
|
| Domestic Stock: | 4.8% |
| Foreign Stock: | 95.2% |
| 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: | 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 (%): | 0.59% |
