Form 8-K - Current report

VICTORY CAPITAL HOLDINGS, INC.

Date: March 11, 2024

/s/ MICHAEL D. POLICARPO

Michael D. Policarpo

President, Chief Financial Officer and Chief Administrative Officer

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

March 11, 2024

Date of Report (date of earliest event reported)

Victory Capital Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-38388

32-0402956

(State or other jurisdiction
of incorporation)

(Commission

File Number)

(IRS Employer
Identification No.)


15935 La Cantera Parkway; San Antonio, TX		78256
(Address of principal executive offices)		(Zip Code)

(216) 898-2400

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading
Symbol(s)

Name of each exchange

on which registered

Common Stock, Par Value $0.01

VCTR

NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.

Other Events.

On March 11, 2024, Victory Capital Holdings, Inc., (the “Company”) issued a press release reporting certain information about the Company’s assets under management (“AUM”) as of February 29, 2024. A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits


Exhibit Number		Description

99.1		Press release reporting February AUM dated March 11, 2024.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

- 2 -

SIGNATURE(S)

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

- 3 -

Exhibit 99.1


		News Release

Victory Capital Reports February 2024 Total Client Assets

San Antonio, Texas, March 11, 2024 — Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $164.9 billion, Other Assets of $5.5 billion, and Total Client Assets of $170.3 billion, as of February 29, 2024.

For the month of February, Average Total Assets Under Management was $162.8 billion, average Other Assets was $5.3 billion, and average Total Client Assets was $168.1 billion.

Victory Capital Holdings, Inc.

Total Client Assets(unaudited; in millions)¹


	As of:
	Feb 29, 2024		Jan 31, 2024
By Asset Class
Solutions	$	56,356	$	54,610
Fixed Income		24,217		24,307
U.S. Mid Cap Equity		31,300		29,977
U.S. Small Cap Equity		15,699		15,249
U.S. Large Cap Equity		13,501		12,800
Global / Non-U.S. Equity		17,050		16,492
Alternative Investments		3,411		3,446

Total Long-Term Assets	$	161,533	$	156,881
Money Market / Short Term Assets		3,330		3,294

Total Assets Under Management²	$	164,863	$	160,174


By Vehicle
Mutual Funds³	$	110,832	$	107,923
Separate Accounts and Other Pooled Vehicles⁴		49,024		47,360
ETFs⁵		5,007		4,891

Total Assets Under Management	$	164,863	$	160,174


Other Assets⁶
Institutional	$	5,471	$	5,322

Total Other Assets	$	5,471	$	5,322


Total Client Assets
Total Assets Under Management	$	164,863	$	160,174
Total Other Assets		5,471		5,322

Total Client Assets	$	170,334	$	165,496

¹	Due to rounding, numbers presented in these tables may not add up precisely to the totals provided.

²	Total AUM includes both discretionary asset under management and non-discretionary assets under advisement and excludes Other Assets.

³	Includes institutional and retail share classes, money market and VIP funds.

⁴	Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-U.S. domiciled pooled vehicles.

⁵	Represents only ETF assets held by third parties. Excludes ETF assets held by other Victory Capital products.

⁶

Includes low-fee (2 to 4 bps) institutional assets, previously reported in the Solutions asset class and in Separate Accounts and Other Pooled Vehicles. Prior-period values have been restated accordingly. 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 $164.9 billion, and $170.3 billion in total client assets, as of February 29, 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.

Contacts

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

Document and Entity Information	Mar. 11, 2024
Cover [Abstract]
Amendment Flag	false
Entity Central Index Key	0001570827
Document Type	8-K
Document Period End Date	Mar. 11, 2024
Entity Registrant Name	Victory Capital Holdings, Inc.
Entity Incorporation State Country Code	DE
Entity File Number	001-38388
Entity Tax Identification Number	32-0402956
Entity Address, Address Line One	15935 La Cantera Parkway
Entity Address, City or Town	San Antonio
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78256
City Area Code	(216)
Local Phone Number	898-2400
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Security 12b Title	Common Stock, Par Value $0.01
Trading Symbol	VCTR
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false