Victory Capital Reports November 2024 Total Client Assets

Rhea-AI Summary

Victory Capital Holdings (NASDAQ: VCTR) reported its November 2024 assets data, showing Total Client Assets of $184.0 billion. This includes $179.7 billion in Assets Under Management (AUM) and $4.3 billion in Other Assets. The company's average Total Client Assets for November were $180.7 billion.

By asset class, Solutions led with $64.5 billion, followed by U.S. Mid Cap Equity at $33.3 billion and Fixed Income at $24.9 billion. By vehicle type, Mutual Funds dominated with $118.8 billion, while Separate Accounts and Other Pooled Vehicles held $53.4 billion, and ETFs accounted for $7.6 billion.

Positive

• Total Client Assets increased to $184.0 billion from $176.5 billion in October 2024
• Solutions assets grew to $64.5 billion from $61.4 billion month-over-month
• ETF assets increased to $7.6 billion from $6.8 billion
• U.S. Mid Cap Equity assets rose to $33.3 billion from $31.3 billion

Negative

• Alternative Investments decreased to $3.0 billion from $3.1 billion
• Money Market/Short Term Assets slightly declined to $3.39 billion from $3.42 billion

Insights

Financial Analyst

Victory Capital's November AUM shows strong momentum with $179.7B in total AUM, up 4.3% from October. Solutions segment leads with $64.5B, indicating robust demand for their diversified investment strategies. The significant growth in U.S. Mid Cap ($33.3B) and Small Cap ($16.6B) equity segments reflects market recovery and investor confidence. ETF assets showed impressive growth of 11.4% to $7.6B, suggesting increasing adoption of their passive investment products. The balanced distribution across vehicles, with mutual funds at $118.8B and separate accounts at $53.4B, demonstrates a healthy diversification of revenue streams.

Market Research Analyst

The monthly AUM growth outpaces typical industry averages, particularly in the ETF segment. The 10.3% increase in Small Cap equity assets signals strong market positioning in a recovering sector. The stability in fixed income assets ($24.9B) despite market volatility demonstrates effective risk management. Notable is the minimal decline in money market assets, suggesting client retention during market shifts. The expansion in institutional assets under Other Assets category to $4.3B indicates growing trust from sophisticated investors. This comprehensive growth across multiple asset classes strengthens Victory Capital's competitive position in the asset management industry.

SAN ANTONIO--(BUSINESS WIRE)-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $179.7 billion, Other Assets of $4.3 billion, and Total Client Assets of $184.0 billion, as of November 30, 2024.

For the month of November, average Total AUM was $176.4 billion, average Other Assets was $4.3 billion, and average Total Client Assets was $180.7 billion.

Victory Capital Holdings, Inc.
Total Client Assets (unaudited; in millions) 1
	As of:
By Asset Class	November 30, 2024			October 31, 2024
Solutions	$	64,510		$	61,409
Fixed Income		24,855			24,739
U.S. Mid Cap Equity		33,317			31,312
U.S. Small Cap Equity		16,562			15,228
U.S. Large Cap Equity		14,813			14,039
Global / Non-U.S. Equity		19,223			19,123
Alternative Investments		3,007			3,057
Total Long-Term Assets	$	176,286		$	168,908
Money Market / Short Term Assets		3,385			3,423
Total Assets Under Management2	$	179,672		$	172,331
By Vehicle
Mutual Funds3	$	118,755		$	114,393
Separate Accounts and Other Pooled Vehicles4		53,352			51,151
ETFs5		7,564			6,787
Total Assets Under Management	$	179,672		$	172,331
Other Assets6
Institutional	$	4,311		$	4,205
Total Other Assets	$	4,311		$	4,205
Total Client Assets
Total Assets Under Management	$	179,672		$	172,331
Total Other Assets		4,311			4,205
Total Client Assets	$	183,982		$	176,536
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 $179.7 billion, and $184.0 billion in total client assets, as of November 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/20241210338256/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 AUM in November 2024?

Victory Capital's total Assets Under Management (AUM) in November 2024 was $179.7 billion.

How much were Victory Capital's (VCTR) mutual fund assets in November 2024?

Victory Capital's mutual fund assets were $118.8 billion in November 2024.

What was the value of Victory Capital's (VCTR) ETF assets in November 2024?

Victory Capital's ETF assets were $7.6 billion in November 2024.

How did Victory Capital's (VCTR) Solutions segment perform in November 2024?

Victory Capital's Solutions segment reached $64.5 billion in November 2024, increasing from $61.4 billion in October.