Victory Capital Reports October 2024 Total Client Assets

Rhea-AI Summary

Victory Capital Holdings (NASDAQ: VCTR) reported Total Client Assets of $176.5 billion as of October 31, 2024, comprising $172.3 billion in Assets Under Management (AUM) and $4.2 billion in Other Assets. The company's average Total Client Assets for October were $179.6 billion. Assets are distributed across various categories, with Solutions being the largest at $61.4 billion, followed by U.S. Mid Cap Equity at $31.3 billion. By vehicle type, Mutual Funds represent the largest portion at $114.4 billion, followed by Separate Accounts at $51.2 billion.

Positive

• None.

Negative

• Total Client Assets decreased from $181.1B in September to $176.5B in October 2024
• Solutions assets declined from $62.5B to $61.4B
• U.S. Mid Cap Equity assets dropped from $32.3B to $31.3B
• Mutual Fund assets decreased from $117.0B to $114.4B

Insights

Financial Analyst

Victory Capital's October AUM report shows a 2.2% decline in Total Client Assets from $181.1 billion to $176.5 billion month-over-month. The decrease was broad-based across asset classes, with Solutions, U.S. Mid Cap Equity and Global/Non-U.S. Equity experiencing the largest absolute declines. This aligns with broader market challenges seen in October.

The most significant shifts were in mutual funds, which decreased by $2.65 billion and separate accounts, which fell by $1.22 billion. However, ETF assets showed resilience with a slight increase to $6.79 billion. The company's diversified asset mix and vehicle offerings provide some buffer against market volatility, though the overall trend reflects challenging market conditions impacting AUM-based revenues.

SAN ANTONIO, Texas--(BUSINESS WIRE)-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $172.3 billion, Other Assets of $4.2 billion, and Total Client Assets of $176.5 billion, as of October 31, 2024.

For the month of October, average Total AUM was $175.0 billion, average Other Assets was $4.6 billion, and average Total Client Assets was $179.6 billion.

Victory Capital Holdings, Inc.
Total Client Assets (unaudited; in millions) 1
	As of:
By Asset Class	October 31, 2024		September 30,2024
Solutions	$	61,409		$	62,544
Fixed Income		24,739			25,081
U.S. Mid Cap Equity		31,312			32,333
U.S. Small Cap Equity		15,228			15,591
U.S. Large Cap Equity		14,039			14,239
Global / Non-U.S. Equity		19,123			19,752
Alternative Investments		3,057			3,178
Total Long-Term Assets	$	168,908		$	172,720
Money Market / Short Term Assets		3,423			3,393
Total Assets Under Management2	$	172,331		$	176,113
By Vehicle
Mutual Funds3	$	114,393		$	117,044
Separate Accounts and Other Pooled Vehicles4		51,151			52,375
ETFs5		6,787			6,694
Total Assets Under Management	$	172,331		$	176,113
Other Assets6
Institutional	$	4,205		$	4,981
Total Other Assets	$	4,205		$	4,981
Total Client Assets
Total Assets Under Management	$	172,331		$	176,113
Total Other Assets		4,205			4,981
Total Client Assets	$	176,536		$	181,094

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 $172.3 billion, and $176.5 billion in total client assets, as of October 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/20241111077288/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 as of October 31, 2024?

Victory Capital's total Assets Under Management (AUM) was $172.3 billion as of October 31, 2024.

How much were Victory Capital's (VCTR) Total Client Assets in October 2024?

Victory Capital's Total Client Assets were $176.5 billion as of October 31, 2024.

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

Solutions was the largest asset class with $61.4 billion in assets as of October 31, 2024.

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

Victory Capital's mutual fund assets were $114.4 billion as of October 31, 2024.