MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, January 8, 2024 A $159.6B-AUM AM Adds a Small-Cap ETF The team at a $159.6-billion-AUM (as of November 30), publicly traded fund firm is rolling out a new ETF. Last month, Mannik Dhillon, president of investment franchises and solutions for San Antonio, Texas-based Victory Capital Holdings, Inc. [profile], unveiled the launch of the VictoryShares Small Cap Free Cash Flow ETF (SFLO on the Nasdaq). The new, rules-based fund is a series of Victory Portfolios II. SFLO comes with an expense ratio of 49 basis points, which bakes in a 27bps fee waiver promised through December 31, 2024. The new ETF's inception date was December 21, 2023. Victory Capital Management Inc. serves as investment advisor to SFLO, Victory Capital Services, Inc. serves as administrator and fund accountant, and VettaFi LLC serves as index provider. The new fund is designed to track the Victory U.S. Small Cap Free Cash Flow Index. The fund's PM team includes Dhillon and Lance Humphrey, senior portfolio manager for VictoryShares and Solutions. Dhillon describes SFLO as bringing to the small cap segment "the innovative methodologies employed" by VFLO, another Victory ETF. "Investors will now be able to capitalize on companies with attractive free cash flow yields without sacrificing growth potential in the small cap allocation of their portfolios," Dhillon states. SFLO's other service providers include: Citi Fund Services Ohio, Inc. as sub-administrator and sub-fund accountant; Citibank, N.A. as custodian, securities lending agent, and transfer agent; Cohen & Company, Ltd. as independent accounting firm; Foreside Fund Services, LLC as distributor; and Sidley Austin LLP as counsel. Printed from: MFWire.com/story.asp?s=66897 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |