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Victory Capital Reports September 2022 Assets Under Management and Positive Year-to-Date Long-term Net Flows
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Rhea-AI Summary
Victory Capital Holdings (NASDAQ: VCTR) reported Assets Under Management (AUM) of $147.3 billion as of September 30, 2022. The average AUM for the third quarter was $158.9 billion. Long-term net flows showed an improvement to -$553 million in Q3, leading to a positive year-to-date total of $1.860 billion. The company will release its financial results on November 3, 2022, followed by a conference call on November 4, 2022.
Positive
Assets Under Management reached $147.3 billion.
Year-to-date long-term net flows improved to $1.860 billion.
Negative
Long-term net flows for Q3 were -$553 million.
Schedules Third-Quarter Financial Results Conference Call for November 4
SAN ANTONIO, Texas--(BUSINESS WIRE)--
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported assets under management (AUM) of $147.3 billion as of September 30, 2022, and average assets under management for the third quarter period of $158.9 billion. The Company also reported long-term net flows in the third quarter improved to -$553 million, resulting in positive year-to-date long-term net flows of $1.860 billion.
Victory Capital Holdings, Inc.
Assets Under Management1
(unaudited; in millions)
As of:
By Asset Class
Sep. 30, 2022
Aug. 31, 2022
Solutions
$
48,551
$
52,710
Fixed Income
27,198
28,625
U.S. Mid Cap Equity
25,754
27,643
U.S. Small Cap Equity
14,109
15,551
U.S. Large Cap Equity
10,762
11,925
Global / Non-U.S. Equity
12,293
13,758
Alternative Investments
5,334
5,648
Total Long-Term Assets
$
144,001
$
155,861
Money Market / Short Term Assets
3,256
3,217
Total Assets Under Management
$
147,257
$
159,078
By Vehicle
Mutual Funds2
$
96,591
$
104,652
Separate Accounts and Other Pooled Vehicles3
45,557
48,924
ETFs4
5,110
5,503
Total Assets Under Management
$
147,257
$
159,078
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.
Third-Quarter Conference Call and Webcast Details
Victory Capital will report third-quarter 2022 financial results after the market closes on Thursday, November 3, 2022. The Company will host a conference call the following morning, November 4, 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.
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.
About Victory Capital
Victory Capital is a diversified global asset management firm with $147.3 billion in assets under management as of September 30, 2022. It was ranked ninth on Fortune’s list of the 100 Fastest Growing Companies for 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 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.
Fortune’s annual list ranks the top performing, publicly traded companies in revenues, profits and stock returns over the three-year period ended April 30, 2021.
