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Victory Capital Reports March 2023 Assets Under Management
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
Victory Capital Holdings (NASDAQ: VCTR) reported assets under management (AUM) of $158.6 billion as of March 31, 2023. The average AUM for the first quarter was $157.8 billion. However, the company experienced long-term net outflows of $1.2 billion during the same period. The firm is scheduled to announce its first-quarter financial results after market close on May 4, 2023, with a conference call set for May 5, 2023, at 8:00 a.m. ET. Victory Capital is recognized for its diversified investment strategies and was ranked No. 55 on the Fortune 100 Fastest-Growing Companies list for 2022.
Positive
Assets under management increased to $158.6 billion as of March 31, 2023.
Average assets under management for Q1 2023 were $157.8 billion.
Ranked No. 55 on the Fortune 100 Fastest-Growing Companies list for 2022.
Negative
Long-term net outflows of $1.2 billion in the first quarter of 2023.
Schedules First-Quarter Financial Results Conference Call for May 5
SAN ANTONIO--(BUSINESS WIRE)--
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported assets under management (AUM) of $158.6 billion as of March 31, 2023, and average assets under management for the first quarter of $157.8 billion. The Company also reported long-term net flows in the first quarter of -$1.2 billion.
Victory Capital Holdings, Inc.
Assets Under Management1
(unaudited; in millions)
As of:
By Asset Class
Mar. 31, 2023
Feb. 28, 2023
Solutions
$
54,416
$
52,835
Fixed Income
26,535
26,356
U.S. Mid Cap Equity
29,035
29,506
U.S. Small Cap Equity
15,648
16,319
U.S. Large Cap Equity
11,425
11,191
Global / Non-U.S. Equity
14,868
14,668
Alternative Investments
3,317
3,423
Total Long-Term Assets
$
155,244
$
154,298
Money Market / Short Term Assets
3,377
3,392
Total Assets Under Management
$
158,621
$
157,691
By Vehicle
Mutual Funds2
$
103,246
$
102,788
Separate Accounts and Other Pooled Vehicles3
49,819
49,214
ETFs4
5,555
5,689
Total Assets Under Management
$
158,621
$
157,691
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.
First-Quarter Conference Call and Webcast Details
Victory Capital will report first-quarter 2023 financial results after the market closes on Thursday, May 4, 2023. The Company will host a conference call the following morning, May 5, 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 $158.6 billion in assets under management as of March 31, 2023. 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.
