Victory Capital Reports June 2023 Assets Under Management
July 12 2023 - 4:30PM
Business Wire
Schedules Second-Quarter Financial Results
Conference Call for August 4
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today reported assets under management (AUM) of
$161.6 billion as of June 30, 2023, and average assets under
management for June of $158.7 billion. The Company also reported
long-term net flows in the second quarter of -$2.1 billion, which
included the previously disclosed $1.1 billion institutional
redemption. That isolated redemption was from a passive equity
strategy priced at three basis points and made no meaningful margin
contribution.
Victory Capital Holdings,
Inc.
Assets Under
Management1
(unaudited; in
millions)
As of:
By Asset Class
June 30, 2023
May 31, 2023
Solutions
$
55,836
$
53,480
Fixed Income
26,098
26,087
U.S. Mid Cap Equity
30,007
27,813
U.S. Small Cap Equity
15,664
14,625
U.S. Large Cap Equity
12,170
11,454
Global / Non-U.S. Equity
15,392
14,755
Alternative Investments
3,301
3,355
Total Long-Term Assets
$
158,469
$
151,570
Money Market / Short Term Assets
3,152
3,186
Total Assets Under Management
$
161,622
$
154,756
By Vehicle
Mutual Funds2
$
105,916
$
101,499
Separate Accounts and Other Pooled
Vehicles3
50,513
48,095
ETFs4
5,193
5,163
Total Assets Under Management
$
161,622
$
154,756
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.
Second-Quarter Conference Call and Webcast Details
Victory Capital will report second-quarter 2023 financial
results after the market closes on Thursday, August 3, 2023. The
Company will host a conference call the following morning, August
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.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $161.6 billion in assets under management as of June 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 12 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.
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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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230712045114/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
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