Victory Capital Reports August 2024 Total Client Assets

Rhea-AI Summary

Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported its Total Client Assets for August 2024. The company's Total Assets Under Management (AUM) reached $173.8 billion, with Other Assets at $4.9 billion, bringing Total Client Assets to $178.8 billion as of August 31, 2024. The average Total AUM for August was $171.1 billion, while average Total Client Assets stood at $176.0 billion.

The report provides a breakdown of assets by class and vehicle. Notable figures include Solutions at $61.3 billion, U.S. Mid Cap Equity at $32.1 billion, and Fixed Income at $24.9 billion. By vehicle, Mutual Funds led with $115.9 billion, followed by Separate Accounts and Other Pooled Vehicles at $51.6 billion.

Positive

• Total Assets Under Management (AUM) increased to $173.8 billion from $172.1 billion in the previous month
• Total Client Assets grew to $178.8 billion from $177.0 billion in July 2024
• Solutions asset class saw an increase to $61.3 billion from $59.9 billion
• ETF assets held by third parties rose to $6.4 billion from $5.9 billion

Negative

• U.S. Small Cap Equity assets decreased to $15.7 billion from $16.1 billion in the previous month

Insights

Financial Analyst

Victory Capital's August 2024 report shows positive momentum in asset management. Total Client Assets reached $178.8 billion, with AUM at $173.8 billion and Other Assets at $4.9 billion. This represents a 1.03% increase in Total Client Assets from July, indicating steady growth. The Solutions category, at $61.3 billion, remains the largest asset class, showing a 2.29% month-over-month increase. Notably, ETF assets grew by 8.05% to $6.4 billion, suggesting increasing investor interest in this vehicle. While U.S. Small Cap Equity saw a slight decline, most other categories experienced growth, reflecting a balanced portfolio strategy. This overall positive trend in AUM could potentially lead to increased revenue for Victory Capital, assuming fee structures remain stable.

Market Research Analyst

The August 2024 figures for Victory Capital reflect broader market trends and investor sentiment. The growth in Total Client Assets to $178.8 billion suggests continued investor confidence despite potential economic uncertainties. The 2.29% increase in the Solutions category indicates a preference for diversified, managed portfolios. The significant 8.05% jump in ETF assets to $6.4 billion aligns with the industry-wide shift towards low-cost, passive investment vehicles. However, the slight decrease in U.S. Small Cap Equity assets might signal some investor caution towards higher-risk segments. The stability in Fixed Income assets at $24.9 billion suggests a balanced approach to risk management. Overall, these figures indicate Victory Capital's ability to adapt to evolving market dynamics and investor preferences, potentially positioning them well against competitors in the asset management space.

SAN ANTONIO, Texas--(BUSINESS WIRE)-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $173.8 billion, Other Assets of $4.9 billion, and Total Client Assets of $178.8 billion, as of August 31, 2024.

For the month of August, average Total AUM was $171.1 billion, average Other Assets was $4.9 billion, and average Total Client Assets was $176.0 billion.

Victory Capital Holdings, Inc.
Total Client Assets (unaudited; in millions) 1
	As of:
By Asset Class	August 31, 2024			July 31, 2024
Solutions	$	61,315		$	59,942
Fixed Income		24,887			24,799
U.S. Mid Cap Equity		32,136			31,938
U.S. Small Cap Equity		15,688			16,100
U.S. Large Cap Equity		14,103			14,030
Global / Non-U.S. Equity		19,143			18,784
Alternative Investments		3,190			3,203
Total Long-Term Assets	$	170,462		$	168,795
Money Market / Short Term Assets		3,368			3,347
Total Assets Under Management2	$	173,830		$	172,142
By Vehicle
Mutual Funds3	$	115,877		$	114,889
Separate Accounts and Other Pooled Vehicles4		51,562			51,338
ETFs5		6,391			5,915
Total Assets Under Management	$	173,830		$	172,142
Other Assets6
Institutional	$	4,942		$	4,809
Total Other Assets	$	4,942		$	4,809
Total Client Assets
Total Assets Under Management	$	173,830		$	172,142
Total Other Assets		4,942			4,809
Total Client Assets	$	178,772		$	176,951

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 $173.8 billion, and $178.8 billion in total client assets, as of August 31, 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/20240911470646/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 was Victory Capital's (VCTR) Total Assets Under Management as of August 31, 2024?

Victory Capital's (VCTR) Total Assets Under Management (AUM) was $173.8 billion as of August 31, 2024.

How much did Victory Capital's (VCTR) Total Client Assets amount to in August 2024?

Victory Capital's (VCTR) Total Client Assets amounted to $178.8 billion as of August 31, 2024.

What was the largest asset class for Victory Capital (VCTR) in August 2024?

The largest asset class for Victory Capital (VCTR) in August 2024 was Solutions, with $61.3 billion in assets.

How much did Victory Capital's (VCTR) ETF assets held by third parties increase to in August 2024?

Victory Capital's (VCTR) ETF assets held by third parties increased to $6.4 billion in August 2024, up from $5.9 billion in the previous month.