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Victory Capital Reports December 2022 Assets Under Management
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Victory Capital Holdings (NASDAQ: VCTR) reported assets under management (AUM) of $153.0 billion as of December 31, 2022, with an average AUM of $154.6 billion for Q4 2022. The company faced challenges, reporting long-term net outflows of -$4.4 billion during the fourth quarter, resulting in total year-to-date net flows of -$2.5 billion. A conference call to discuss the fourth-quarter financial results is scheduled for February 10, 2023.
Positive
Ranked No. 55 on Fortune's 100 Fastest-Growing Companies list for 2022.
Diversified global asset management firm with $153.0 billion in AUM.
Negative
Reported long-term net outflows of -$4.4 billion in Q4 2022.
Total year-to-date long-term net flows of -$2.5 billion.
Schedules Fourth-Quarter Financial Results Conference Call for February 10
SAN ANTONIO--(BUSINESS WIRE)--
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported assets under management (AUM) of $153.0 billion as of December 31, 2022, and average assets under management for the fourth quarter period of $154.6 billion. The Company also reported long-term net flows in the fourth quarter were -$4.4 billion, resulting in year-to-date long-term net flows of -$2.5 billion.
Victory Capital Holdings, Inc.
Assets Under Management1
(unaudited; in millions)
As of:
By Asset Class
Dec. 31, 2022
Nov. 30, 2022
Solutions
$
51,507
$
54,329
Fixed Income
26,353
26,957
U.S. Mid Cap Equity
27,892
29,962
U.S. Small Cap Equity
15,103
16,114
U.S. Large Cap Equity
10,973
11,795
Global / Non-U.S. Equity
14,160
14,644
Alternative Investments
3,663
4,366
Total Long-Term Assets
$
149,649
$
158,166
Money Market / Short Term Assets
3,302
3,284
Total Assets Under Management
$
152,952
$
161,450
By Vehicle
Mutual Funds2
$
99,447
$
104,606
Separate Accounts and Other Pooled Vehicles3
47,877
51,034
ETFs4
5,627
5,810
Total Assets Under Management
$
152,952
$
161,450
1Total AUM includes both discretionary and non-discretionary client assets. Due to rounding, numbers presented in these tables may not add up precisely to the totals provided.
2Includes institutional and retail share classes, money market and VIP funds.
3Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-U.S. domiciled pooled vehicles.
4Represents only ETF assets held by third parties. Excludes ETF assets held by other Victory Capital products.
Fourth-Quarter Conference Call and Webcast Details
Victory Capital will report fourth-quarter 2022 financial results after the market closes on Thursday, February 9, 2023. The Company will host a conference call the following morning, February 10, at 8:00 a.m. ET to discuss the results. Victory Capital’s earnings release and supplemental materials will be available on the investor relations section of the Company’s website at https://ir.vcm.com before the conference call begins.
To participate in the conference call, please call 1-888-330-3571 (domestic) or 1-646-960-0657 (international), shortly before 8:00 a.m. ET and reference the Victory Capital Conference Call. A live, listen-only webcast will also be available via the investor relations section of the Company’s website at https://ir.vcm.com. For anyone who is unable to join the live event, an archive of the webcast will be available for replay, at the same location, shortly after the call concludes.
About Victory Capital
Victory Capital is a diversified global asset management firm with $153.0 billion in assets under management as of December 31, 2022. It was ranked No. 55 on the Fortune 100 Fastest-Growing Companies list for 2022 and is one of only 24 companies to make the list for the second consecutive year. The Company operates a next-generation business model combining 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 12 autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a wide array of investment products, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, and a 529 Education Savings Plan.
The Fortune annual list ranks the top performing, publicly traded companies in revenues, profits and stock returns over the three-year period ended April 30, 2022.
