VictoryShares International Free Cash Flow Growth ETF (GRIN)

Overview

The VictoryShares International Free Cash Flow Growth ETF (IFCG) seeks to provide investment results that track the performance of the Nasdaq International Free Cash Flow Select Index. It focuses on companies located in developed markets outside the U.S. with high free cash flow and growth potential, aiming for long-term capital appreciation.

Reputation and Reliability

Victory Capital Management is a well-established asset manager with a history of providing various investment solutions. They are considered reputable, though their ETF offerings are not as widely known as some larger firms.

Management Expertise

The management team responsible for the ETF has experience in quantitative investing and international equities. Their expertise lies in identifying companies with strong financial metrics and growth prospects.

Goal

The investment objective of IFCG is to seek long-term capital appreciation by investing in international companies with high free cash flow and growth potential.

Investment Approach and Strategy

Strategy: IFCG aims to track the performance of the Nasdaq International Free Cash Flow Select Index.

Composition The ETF primarily holds stocks of companies located in developed markets outside the U.S. that exhibit strong free cash flow characteristics. It may also hold a small percentage of cash or cash equivalents.

Market Share: IFCG holds a small to medium market share within the international equity ETF space.

Total Net Assets (AUM): 69768157

Key Competitors

• iShares MSCI EAFE ETF (EFA)
• Vanguard FTSE Developed Markets ETF (VEA)
• Schwab International Equity ETF (SCHF)

Competitive Landscape

The international equity ETF market is highly competitive, dominated by larger, more established funds like EFA and VEA. IFCG differentiates itself through its focus on free cash flow and growth, which may appeal to investors seeking a specific factor tilt. However, its smaller size and higher expense ratio compared to some competitors may be a disadvantage.

Historical Performance: Historical performance data should be retrieved from financial data providers. (e.g., Morningstar, Yahoo Finance, etc.) and presented to understand the ETFu2019s performance over different time periods.

Benchmark Comparison: Compare the ETFu2019s performance to the Nasdaq International Free Cash Flow Select Index to gauge its effectiveness.

Expense Ratio: 0.5

Average Trading Volume

IFCG's average trading volume suggests moderate liquidity, which may impact ease of entry and exit for larger trades.

Bid-Ask Spread

The bid-ask spread provides an indication of trading costs, typically being a small percentage of the share price.

Market Environment Factors

Economic indicators in developed international markets, currency fluctuations, and global trade policies can all affect IFCG's performance. Sector growth prospects within the ETF's holdings also play a significant role.

Growth Trajectory

IFCG's growth trajectory depends on its ability to attract assets and maintain its performance relative to its benchmark. Changes in the underlying index methodology and the ETF's holdings can also impact its growth.

Competitive Edge

IFCG's competitive edge lies in its distinct focus on free cash flow and growth factors within the international equity universe. Its selection process aims to identify companies with sustainable profitability and strong potential for future growth. This factor-based approach differentiates it from broad-based international ETFs, potentially leading to superior risk-adjusted returns over the long term. The ETF could be more volatile than those broader funds.

Volatility

IFCG's volatility is expected to be comparable to other international equity ETFs, but might increase depending on the specific allocation strategy, particularly due to its focus on specific factors.

Market Risk

IFCG is subject to market risk, currency risk, and political risk associated with investing in international equities. Fluctuations in global markets and economic conditions in specific countries can impact its performance.

Ideal Investor Profile

The ideal investor for IFCG is one who seeks international equity exposure with a focus on free cash flow and growth. These investors often have a long-term investment horizon and are willing to accept moderate to high risk.

Market Risk

IFCG may be suitable for long-term investors seeking capital appreciation through international equities, especially those who believe in the value of free cash flow as a measure of financial health.

The VictoryShares International Free Cash Flow Growth ETF (IFCG) offers a unique approach to international equity investing by focusing on companies with high free cash flow and growth potential. While the ETF offers potential for higher returns, investors need to be mindful of the risks associated with international markets and factor-based investing. The competitive landscape is dominated by larger funds, but IFCG's distinct strategy may appeal to specific investors. A thorough evaluation of your investment objectives and risk tolerance is essential when considering this ETF.

Data Sources:

• VictoryShares Website
• Nasdaq Website
• Morningstar
• Yahoo Finance

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share data might be delayed.