Victory Capital Reports April 2024 Total Client Assets

Rhea-AI Summary

Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported Total Assets Under Management (AUM) of $163.6 billion, Other Assets of $4.7 billion, and Total Client Assets of $168.3 billion as of April 30, 2024. The average Total AUM for April was $166.3 billion, with Solutions being the largest asset class at $55.7 billion. Victory Capital's Total Client Assets cover a diverse range of asset classes including Fixed Income, U.S. Mid Cap Equity, U.S. Small Cap Equity, U.S. Large Cap Equity, Global/Non-U.S. Equity, and Alternative Investments.

Positive

• Victory Capital reported a robust Total Assets Under Management (AUM) of $163.6 billion in April 2024, showcasing strong financial stability and growth potential.

• The company's diverse range of asset classes, including Solutions, Fixed Income, and U.S. Mid Cap Equity, positions it well to weather market fluctuations and provide value to investors.

Negative

• While Victory Capital's Total Client Assets stood at $168.3 billion, the decrease from the previous month indicates a potential challenge in retaining and attracting clients, which could impact future revenue streams.

• The decline in average Total AUM from $170.3 billion in March to $166.3 billion in April raises concerns about the company's ability to maintain consistent growth in a competitive market environment.

SAN ANTONIO--(BUSINESS WIRE)-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $163.6 billion, Other Assets of $4.7 billion, and Total Client Assets of $168.3 billion, as of April 30, 2024.

For the month of April, average Total AUM was $166.3 billion, average Other Assets was $4.9 billion, and average Total Client Assets was $171.2 billion.

Victory Capital Holdings, Inc.
Total Client Assets (unaudited; in millions) 1
	As of:
By Asset Class	April 30, 2024			March 31, 2024
Solutions	$	55,683		$	57,833
Fixed Income		24,047			24,481
U.S. Mid Cap Equity		31,022			32,918
U.S. Small Cap Equity		15,187			16,297
U.S. Large Cap Equity		13,135			13,895
Global / Non-U.S. Equity		17,805			18,200
Alternative Investments		3,461			3,465
Total Long-Term Assets	$	160,339		$	167,089
Money Market / Short Term Assets		3,265			3,253
Total Assets Under Management2	$	163,604		$	170,342
By Vehicle
Mutual Funds3	$	109,365		$	113,897
Separate Accounts and Other Pooled Vehicles4		49,111			51,217
ETFs5		5,128			5,229
Total Assets Under Management	$	163,604		$	170,342
Other Assets6
Institutional	$	4,682		$	5,117
Total Other Assets	$	4,682		$	5,117
Total Client Assets
Total Assets Under Management	$	163,604		$	170,342
Total Other Assets		4,682			5,117
Total Client Assets	$	168,286		$	175,459

¹Due to rounding, numbers presented in these tables may not add up precisely to the totals provided.
²Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets.
³Includes institutional and retail share classes, money market and VIP funds.
⁴Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-U.S. domiciled pooled vehicles.
⁵Represents only ETF assets held by third parties and excludes ETF assets held by other Victory Capital products.
⁶Includes low-fee (2 to 4 bps) institutional assets, previously reported in the Solutions asset class within the by asset class table and in Separate Accounts and Other Pooled Vehicles within the by vehicle table. These assets are included as part of Victory’s Regulatory Assets Under Management reported in Form ADV Part 1.

About Victory Capital

Victory Capital is a diversified global asset management firm with total assets under management of $163.6 billion, and $168.3 billion in total client assets, as of April 30, 2024. The Company employs a next-generation business strategy that combines boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.

Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 11 autonomous Investment Franchises and a Solutions Business, Victory Capital offers a wide array of investment products and services, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, a 529 Education Savings Plan, and brokerage services.

Victory Capital is headquartered in San Antonio, Texas, with offices and investment professionals in the U.S. and around the world. To learn more please visit www.vcm.com or follow Victory Capital on Facebook, Twitter, and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240509860138/en/

Investors:

Matthew Dennis, CFA

Chief of Staff

Director, Investor Relations

216-898-2412

mdennis@vcm.com

Media:

Jessica Davila

Director of Global Communications

210-694-9693

Jessica_davila@vcm.com

Source: Victory Capital Holdings, Inc.

FAQ

What were Victory Capital's Total Client Assets as of April 30, 2024?

Victory Capital reported Total Client Assets of $168.3 billion as of April 30, 2024.

Which asset class had the largest amount in Victory Capital's Total Client Assets?

The Solutions asset class was the largest in Victory Capital's Total Client Assets, totaling $55.7 billion.

What was the average Total AUM for Victory Capital in April 2024?

The average Total AUM for Victory Capital in April 2024 was $166.3 billion.

What does Victory Capital's Total Assets Under Management (AUM) include?

Victory Capital's Total Assets Under Management (AUM) include both discretionary assets under management and non-discretionary assets under advisement, excluding Other Assets.