UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Events.
On April 9, 2024, Victory Capital Holdings, Inc., (the “Company”) issued a press release reporting certain information about the Company’s assets under management (“AUM”) as of March 31, 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 March AUM dated April 9, 2024. |
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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.
VICTORY CAPITAL HOLDINGS, INC. | ||||||
Date: April 9, 2024 | By: | /s/ MICHAEL D. POLICARPO | ||||
Name: Michael D. Policarpo | ||||||
Title: President, Chief Financial Officer and Chief Administrative Officer |
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Exhibit 99.1
News Release |
Victory Capital Reports March 2024 Total Client Assets
Schedules First-Quarter Financial Results Conference Call for May 10
San Antonio, Texas, April 9, 2024 Victory Capital Holdings, Inc. (NASDAQ: VCTR) (Victory Capital or the Company) today reported Total Assets Under Management (AUM) of $170.3 billion, Other Assets of $5.1 billion, and Total Client Assets of $175.5 billion, as of March 31, 2024.
For the month of March, Average Total AUM was $167.6 billion, average Other Assets was $5.3 billion, and average Total Client Assets was $172.9 billion.
For the first quarter, the Company reported long-term AUM net flows of -$1.0 billion.
Victory Capital Holdings, Inc.
Total Client Assets (unaudited; in millions) 1
As of: | ||||||||
Mar 31, 2024 | Feb 29, 2024 | |||||||
By Asset Class |
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Solutions |
$ | 57,833 | $ | 56,356 | ||||
Fixed Income |
24,481 | 24,217 | ||||||
U.S. Mid Cap Equity |
32,918 | 31,300 | ||||||
U.S. Small Cap Equity |
16,297 | 15,699 | ||||||
U.S. Large Cap Equity |
13,895 | 13,501 | ||||||
Global / Non-U.S. Equity |
18,200 | 17,050 | ||||||
Alternative Investments |
3,465 | 3,411 | ||||||
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Total Long-Term Assets |
$ | 167,089 | $ | 161,533 | ||||
Money Market / Short Term Assets |
3,253 | 3,330 | ||||||
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Total Assets Under Management2 |
$ | 170,342 | $ | 164,863 | ||||
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By Vehicle |
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Mutual Funds3 |
$ | 113,897 | $ | 110,832 | ||||
Separate Accounts and Other Pooled Vehicles4 |
51,217 | 49,024 | ||||||
ETFs5 |
5,229 | 5,007 | ||||||
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Total Assets Under Management |
$ | 170,342 | $ | 164,863 | ||||
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Other Assets6 |
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Institutional |
$ | 5,117 | $ | 5,471 | ||||
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Total Other Assets |
$ | 5,117 | $ | 5,471 | ||||
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Total Client Assets |
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Total Assets Under Management |
$ | 170,342 | $ | 164,863 | ||||
Total Other Assets |
5,117 | 5,471 | ||||||
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Total Client Assets |
$ | 175,459 | $ | 170,334 | ||||
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1 | Due to rounding, numbers presented in these tables may not add up precisely to the totals provided. |
2 | Total AUM includes both discretionary assets 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 and 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 within the by asset class table and in Separate Accounts and Other Pooled Vehicles within the by vehicle table. These assets are included as part of Victorys Regulatory Assets Under Management reported in Form ADV Part 1. |
First-Quarter Conference Call and Webcast Details
Victory Capital will report first-quarter 2024 financial results after the market closes on Thursday, May 9, 2024. The Company will host a conference call the following morning, May 10, at 8:00 a.m. ET to discuss the results. Victory Capitals earnings release and supplemental materials will be available on the investor relations section of the Companys 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 Companys 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 total assets under management of $170.3 billion, and $175.5 billion in total client assets, as of March 31, 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 |
Apr. 09, 2024 |
---|---|
Cover [Abstract] | |
Amendment Flag | false |
Entity Central Index Key | 0001570827 |
Document Type | 8-K |
Document Period End Date | Apr. 09, 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 |
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