GFLW Fees and Costs — VictoryShares Free Cash Flow Growth ETF
Data updated: 2026-09-11
The net expense ratio is 0.39%: a 0.35% management fee plus 0.15% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $349K in broker commissions, 0.0535% of average net assets, and portfolio turnover was 96%.
GFLW Fees and Expenses
Annual operating expenses and sales charges of GFLW. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.15% |
| Gross expense ratio | 0.50% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GFLW Costs Over Time
On $10,000 invested in GFLW, assuming 5% a year before costs, total costs come to $281 over 5 years, cutting the return by 0.47% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $153 | $281 |
| Value after costs | $10,453 | $11,423 | $12,482 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
GFLW Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0535%
- Total broker commissions: $349K
- Bought from dealers (principal trades, not a cost): $894.9M
- Portfolio turnover (prospectus): 96%
- Securities on loan, average value: $3K
- Net income from securities lending: $423 (0.000% of average net assets)
GFLW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $151K | 43.37% |
| UBS Securities LLC | $112K | 31.98% |
| Jane Street Capital, LLC | $86K | 24.53% |
| Jefferies LLC | $212 | 0.06% |
| Goldman Sachs & Co. LLC | $211 | 0.06% |
| Susquehanna Securities | $15 | 0.00% |
GFLW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $458.5M | 51.24% |
| BofA Securities, Inc. | $180.2M | 20.14% |
| Goldman Sachs & Co. LLC | $106.0M | 11.85% |
| Virtu Americas LLC | $84.7M | 9.46% |
| RBC Capital Markets, LLC | $52.8M | 5.90% |
| J.P. Morgan Securities LLC | $12.6M | 1.41% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.