GRIN

VictoryShares International Free Cash Flow Growth ETF seeks to offer exposure to high-quality, international large-cap stocks that have strong free cash flow and favorable growth prospects. GRIN seeks to provide investment results that closely track the performance of the Victory International Free Cash Flow Growth Index, before fees and expenses. Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the Index. VettaFi LLC (the "Index Provider") constructs the Index in accordance with a rules-based methodology that selects 100 companies from the VettaFi Developed Market Ex US Index (the "Parent Index"). The Index is designed to deliver exposure to equity securities of non-U.S. developed markets within the Parent Index that have high free cash flow yields, which is a financial valuation metric that compares the free cash flow a company is expected to earn against its market value adjusted for a company's debt and cash. The Index employs a rules-based methodology that assigns scores to certain attributes related to free cash flows. The rules-based methodology assigns weightings by measuring a combination of total free cash flow and free cash flow yield.