Victory Capital Reports September 2023 Assets Under Management

Rhea-AI Summary

Victory Capital Holdings reports Q3 financial results, with AUM of $153.5 billion as of September 30, 2023.

Positive

• Victory Capital's assets under management (AUM) as of September 30, 2023, were $153.5 billion.
• The Company reported average AUM for September of $158.1 billion.

Negative

• The Company experienced long-term net outflows of -$1.7 billion in the third quarter.

Schedules Third-Quarter Financial Results Conference Call for November 3

SAN ANTONIO--(BUSINESS WIRE)-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported assets under management (AUM) of $153.5 billion as of September 30, 2023, and average assets under management for September of $158.1 billion. The Company also reported long-term net flows in the third quarter of -$1.7 billion.

During September, the Company consolidated INCORE’s AUM of approximately $3.9 billion under Victory Income Investors. In addition, the Company sold certain accounts totaling approximately $1.3 billion of AUM (reflected in the table below) and the INCORE brand was decommissioned. The consolidation, elimination of the INCORE brand, and sale will not have a material impact on the Company’s financial results.

Victory Capital Holdings, Inc.
Assets Under Management1
(unaudited; in millions)
	As of:
By Asset Class	Sept. 30, 2023				August 31, 2023
Solutions	$	53,998		$	56,452
Fixed Income		23,790			25,862
U.S. Mid Cap Equity		28,235			29,789
U.S. Small Cap Equity		14,650			15,715
U.S. Large Cap Equity		11,596			12,198
Global / Non-U.S. Equity		14,807			15,438
Alternative Investments		3,222			3,217
Total Long-Term Assets	$	150,298		$	158,672
Money Market / Short Term Assets		3,208			3,191
Total Assets Under Management	$	153,506		$	161,863
By Vehicle
Mutual Funds2	$	101,138		$	105,780
Separate Accounts and Other Pooled Vehicles3		47,658			51,011
ETFs4		4,710			5,072
Total Assets Under Management	$	153,506		$	161,863
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.

Third-Quarter Conference Call and Webcast Details

Victory Capital will report third-quarter 2023 financial results after the market closes on Thursday, November 2, 2023. The Company will host a conference call the following morning, November 3, 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 $153.5 billion in assets under management as of September 30, 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 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 nationwide and investment professionals in the U.S. and abroad. To learn more please visit www.vcm.com or follow Victory Capital on Twitter and LinkedIn.

From Fortune. © 2022 Fortune Media IP Limited All rights reserved. Fortune is a registered trademark of Fortune Media IP Limited and is used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Victory Capital Holdings, Inc.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231010846855/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 were Victory Capital's assets under management as of September 30, 2023?

Victory Capital's assets under management were $153.5 billion as of September 30, 2023.

What were the average assets under management for September?

The average assets under management for September were $158.1 billion.

How much were the long-term net flows in the third quarter?

The long-term net flows in the third quarter were -$1.7 billion.

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

Victory Capital will report its third-quarter financial results on November 2, 2023.

When is the conference call to discuss the results?

The conference call to discuss the results will be held on November 3, 2023, at 8:00 a.m. ET.

How can I participate in the conference call?

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.

Where can I find the earnings release and supplemental materials?

The 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.

Will there be a webcast of the conference call?

Yes, a live, listen-only webcast will be available via the investor relations section of the Company's website at https://ir.vcm.com.

Will there be a replay of the webcast?

Yes, an archive of the webcast will be available for replay at the same location shortly after the call concludes.