VIRTUAL EVENTS

Has AI Created a Free Cash Flow Problem? Finding Quality at a Discount

As investors look to navigate today’s unusual market environment, quality stocks stand out. With valuations at a historic high and concentration risk a real threat to portfolios, quality stocks are a potential diversifier. We believe that free cash flow (FCF) can be a powerful indicator of quality.

Join the experts at Victory Capital and VettaFi as they unpack how FCF can help portfolios navigate the risks of today’s market while capturing opportunities.

February 23, 2026

11 AM PT | 2 PM ET

1 CE Credit

SUMMARY

Topics covered will include:

What today’s market concentration means for portfolio construction
Why traditional valuation metrics might be missing the mark on delivering true quality exposure
The power of FCF as a quality indicator and how the VictoryShares FCF suite may help address both valuation and concentration risk

This program is accepted for one hour of continuing education (CE) credit by the Certified Financial Planner Board of Standards for the CFP® designation, The Investment and Wealth Institute for CIMA®, CPWA®, RMA®, and CIMC designations, The ETF Institute for the CETF® designation and The American College of Financial Services.

CFA Institute members are encouraged to self-document their continuing professional development activities in their online CE tracker.

SPEAKERS

Michael Mack

Client Portfolio Manager
VictoryShares and Solutions

Thomas Allman

Associate Portfolio Manager
VictoryShares and Solutions

Todd Rosenbluth

Head of 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.

VettaFi is the index provider for VFLO, GFLW, GRIN, IFLO, and SFLO, for which it receives an index licensing fee. However, VFLO, GFLW, GRIN, IFLO, and SFLO is not issued, sponsored, endorsed, or sold by VettaFi. VettaFi and its affiliates have no obligation or liability in connection with the issuance, administration, marketing, or trading of VFLO, GFLW, GRIN, IFLO, and SFLO.

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