Free Cash Flow Yield: Finding Value Without Sacrificing Growth Potential
It can be challenging for investors to determine which fundamental metrics matter the most. Free cash flow is often overlooked. Companies with healthy free cash flow tend to have both Value and Quality characteristics, but what about their prospects for Growth? Investors looking to achieve greater success need a way to assess high quality, Value companies that exhibit relative growth potential.
Join the experts from VictoryShares to learn how free cash flow yield can provide a potential solution.
Discover the potential to generate resilient returns when owning Value in a Growth market
Learn how investing in high free cash flow companies can help incorporate value and quality characteristics without sacrificing relative growth potential based on trailing and forward-looking metrics
Dispel common misperceptions surrounding the Value / Growth spectrum of investments
Explore why some managers believe free cash flow yield may be an attractive valuation metric, and why some value-oriented approaches may be missing the mark
Accepted for one hour of CFP/IWI/The American College Board CE credit for live and on-demand attendees
CFA Institute members are encouraged to self-document their continuing professional
development activities in their online CE tracker.
Scott Kefer, CFA
Senior Portfolio Manager
VictoryShares and Solutions
Associate Portfolio Manager
VictoryShares and Solutions
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 www.victorysharesliterature.com. Read it carefully before investing.
All investing involves risk, including the potential loss of principal. The Fund has the same risks as the underlying securities traded on the exchange throughout the day. Redemptions are limited, and commissions are often charged on each trade. ETFs may trade at a premium or discount to their net asset value. The Fund invests in securities included in, or representative of securities included in, the Index, regardless of their investment merits. The performance of the Fund may diverge from that of the Index. Investments concentrated in an industry or group of industries may face more risks and exhibit higher volatility than investments that are more broadly diversified over industries or sectors. Derivatives may not work as intended and may result in losses. Large shareholders, including other funds advised by the Adviser, may own a substantial amount of the Fund’s shares. The actions of large shareholders, including large inflows or outflows, may adversely affect other shareholders, including potentially increasing capital gains. Investments in mid-cap companies typically exhibit higher volatility. The value of your investment is also subject to geopolitical risks such as wars, terrorism, environmental disasters, and public health crises; the risk of technology malfunctions or disruptions; and the responses to such events by governments and/or individual companies.
Distributed by Foreside Fund Services, LLC (Foreside). Foreside is not affiliated with Victory Capital Management Inc. (VCM), the Fund’s advisor. Neither Foreside nor VCM are affiliated with VettaFi.