Victory Capital Reports September 2023 Assets Under Management
10 Octobre 2023 - 10:29PM
Business Wire
Schedules Third-Quarter Financial Results
Conference Call for November 3
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
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