Victory Capital Reports March 2021 Assets Under Management

Rhea-AI Summary

Victory Capital Holdings (NASDAQ: VCTR) reported a significant increase in assets under management (AUM), reaching $154.3 billion as of March 31, 2021. This growth stems partly from the acquisition of THB Asset Management, contributing $547 million in transferred assets. The company offers a diverse range of investment strategies through its nine autonomous Investment Franchises, focusing on mutual funds, separately managed accounts, and ETFs. A conference call to discuss first-quarter 2021 financial results is scheduled for May 7, 2021.

Positive

• AUM increased to $154.3 billion as of March 31, 2021.
• $547 million in assets transferred from THB Asset Management acquisition.

Negative

• None.

Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported assets under management (AUM) of $154.3 billion as of March 31, 2021.

Victory Capital Holdings, Inc. and Subsidiaries
Assets Under Management1
(unaudited; in millions)
	As of:
By Asset Class	March 31, 2021			February 28, 2021
Fixed Income	$	36,776		$	36,662
Solutions		35,356			34,201
U.S. Mid Cap Equity		29,156			27,875
U.S. Small Cap Equity1		20,230			19,633
U.S. Large Cap Equity		14,448			14,191
Global / Non-U.S. Equity1		14,652			14,269
Other		341			326
Total Long-Term Assets	$	150,958		$	147,157
Money Market / Short Term Assets		3,373			3,437
Total Assets Under Management	$	154,331		$	150,594
By Vehicle
Mutual Funds2	$	117,830		$	115,592
Separate Accounts and Other Pooled Vehicles3		32,061			30,822
ETFs		4,441			4,180
Total Assets Under Management	$	154,331		$	150,594
1Reflects the transfer in of $547 million of assets associated with the THB Asset Management acquisition, which closed on March 1, 2021. The majority of transferred assets are reflected in the U.S. Small Cap Equity assets class, with a minor portion included in the Global / Non-U.S. Equity asset class. Due to rounding, numbers presented in these tables may not add up precisely to the totals provided.
2 Includes institutional and retail share classes, money market and VIP funds.
3 Includes collective trust funds, wrap program accounts, UMAs, UCITS, private funds and non-U.S. domiciled pooled vehicles.

First-Quarter Conference Call and Webcast Details

The Company also announced that it will report first-quarter 2021 financial results after the market closes on Thursday, May 6, 2021. The Company’s management team will host a conference call the following morning, May 7, 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 (877) 823-8673 (domestic) or (647) 689-4067 (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 $154.3 billion in assets under management as of March 31, 2021. 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 nine autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a wide array of investment styles and investment vehicles including, actively managed mutual funds, separately managed accounts, active ETFs, multi-asset class strategies, custom-designed solutions and a 529 College Savings Plan.

For more information, please visit www.vcm.com or follow us: Twitter and LinkedIn

View source version on businesswire.com: https://www.businesswire.com/news/home/20210413005964/en/

FAQ

What was Victory Capital's assets under management as of March 31, 2021?

Victory Capital reported assets under management of $154.3 billion as of March 31, 2021.

What contributed to the increase in AUM for Victory Capital?

The increase includes $547 million from the acquisition of THB Asset Management.

When will Victory Capital report its first-quarter financial results?

Victory Capital will report its first-quarter 2021 financial results on May 6, 2021.

What is the date and time for Victory Capital's conference call?

The conference call is scheduled for May 7, 2021, at 8:00 a.m. ET.