VIRTUAL EVENTS

AI, Valuations, and Concentration Risks: Why Free Cash Flow Matters More Than Ever

Today’s markets are dominated by a handful of large-cap names, elevated valuations, and the ongoing AI-driven boom. But behind the headlines, massive capex spending by the Magnificent 7 is reshaping free cash flow (FCF) trends—and creating both risks and opportunities for investors.

FCF may offer a clearer lens for navigating this environment. It can help advisors cut through market noise, uncover less obvious opportunities, and potentially improve risk-adjusted returns across regions, sectors, and styles.

Join Michael Mack of Victory Capital and Roxanna Islam of VettaFi for a product due diligence session on a suite of FCF ETFs. Find out how advisors are applying FCF in portfolios and why a forward-looking lens is redefining the factor in today’s market.

October 2, 2025

9:30a PT | 12:30p ET

SUMMARY

Topics will include:

How AI-driven spending is reshaping FCF trends
Navigating elevated valuations and narrow leadership
Attractive valuation opportunities across broader technology
Why shifting policies and geopolitics may be creating opportunities in small cap and international investing

SPEAKERS

Michael Mack

Client Portfolio Manager
VictoryShares and Solutions

Roxanna Islam, CFA, CAIA

Head of Sector & Industry Research
VettaFi

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Important Disclosures

Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. To obtain a prospectus or summary prospectus containing this and other important information, visit http://www.vcm.com/prospectus. Read it carefully before investing.

All investing involves risk, including the potential loss of principal. An investment should only be made with an understanding of the risks involved with owning a particular security or asset class.

Free cash flow is the remaining cash a company has after covering all expenses. It can be used to invest in growing the business, pay dividends or pay down debt.

VictoryShares ETFs distributed by Victory Capital Services, Inc. (VCS). VCS is not affiliated with VettaFi.

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