Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF
Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF (NASDAQ: GFLW) is an exchange-traded fund listed on NASDAQ, trading at $33.41 (about ₹3,209 a unit) as of 30 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.5%. Indian residents can buy GFLW through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$33.38
Today's high
$33.66
52 week low
$20.30
52 week high
$34.94
GFLW opened at $33.62, closed previously at $33.50, and has traded between $20.30 and $34.94 over the past 52 weeks.
About
GFLW uses a rules-based methodology to construct a portfolio of profitable US large-cap growth companies. Companies are screened for positive free cash flow growth trends over the past five years, high free cash flow returns on invested capital, and positive projected earnings. Securities with negative projected free cash flow yields are excluded. The remaining companies are ranked by their free cash flow on invested capital, with the top 150 being considered. Each of these 150 companies is scored based on growth metrics, including sales, EBITDA trends, and long-term analyst growth projections, with the top 100 highest scoring selected for the portfolio. A higher weighting is given to companies with a strong combination of free cash flow and absolute momentum. For a more balanced representation, individual companies are capped at 4%, with a maximum allocation of 45% to those belonging to one sector. The index is rebalanced and reconstituted quarterly.
Key statistics
Expense ratio
0.5%
Assets (AUM)
$1.1B
Holdings
—
NAV
$33.41
Avg. volume
—
1-year price change
+16.49%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 29.0% of the fund.
Where the money is invested
Sectors
Countries
How to buy GFLW from India
Indian residents can buy GFLW units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search GFLW and buy
Find the fund by its ticker, GFLW, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in GFLW from India
Trading and taxes when buying GFLW from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the GFLW price today?
Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF (GFLW) last traded at $33.41 on NASDAQ, as of 30 Sep 2026, 4:00 PM ET. That is ₹3,209 a unit at the 29 Sep 2026 USD/INR rate.
When does GFLW trade, in Indian time?
NASDAQ trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is GFLW, and what does it cost to hold?
Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF manages about $1.1B. Its expense ratio is 0.5% a year, deducted inside the fund. It launched in 2024.
What are GFLW's largest holdings?
The top three are ELI LILLY & CO (3.7%), NVIDIA CORP. (3.4%) and SANDISK CORP/DE (3.4%). GFLW's 10 largest positions make up 29.0% of the fund.
Does GFLW pay dividends?
Yes. GFLW is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on GFLW taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of GFLW?
Yes. You can buy GFLW by amount rather than by whole unit, and there is no minimum trade size.
How has GFLW performed?
GFLW's price is up 16.5% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.