Press release content from Business Wire. The AP news staff was not involved in its creation.
Related topics

Victory Capital Reports December 2022 Assets Under Management

PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.
January 11, 2023 GMT

SAN ANTONIO--(BUSINESS WIRE)--Jan 11, 2023--

Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported assets under management (AUM) of $153.0 billion as of December 31, 2022, and average assets under management for the fourth quarter period of $154.6 billion. The Company also reported long-term net flows in the fourth quarter were -$4.4 billion, resulting in year-to-date long-term net flows of -$2.5 billion.

Victory Capital Holdings, Inc.

Assets Under Management1

(unaudited; in millions)

 

As of:

By Asset Class

Dec. 31, 2022

Nov. 30, 2022

Solutions

$

51,507

 

$

54,329

Fixed Income

 

26,353

 

 

26,957

U.S. Mid Cap Equity

 

27,892

 

 

29,962

U.S. Small Cap Equity

 

15,103

 

 

16,114

U.S. Large Cap Equity

 

10,973

 

 

11,795

Global / Non-U.S. Equity

 

14,160

 

 

14,644

Alternative Investments

 

3,663

 

 

4,366

Total Long-Term Assets

$

149,649

$

158,166

 

Money Market / Short Term Assets

 

3,302

 

 

3,284

Total Assets Under Management

$

152,952

 

$

161,450

 

 

 

 

By Vehicle

 

 

 

Mutual Funds 2

$

99,447

 

$

104,606

Separate Accounts and Other Pooled Vehicles 3

 

47,877

 

 

51,034

ETFs 4

 

5,627

 

 

5,810

Total Assets Under Management

$

152,952

 

$

161,450

 

 

 

 

1 Total 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.

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

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

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

Fourth-Quarter Conference Call and Webcast Details

Victory Capital will report fourth-quarter 2022 financial results after the market closes on Thursday, February 9, 2023. The Company will host a conference call the following morning, February 10, 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 $153.0 billion in assets under management as of December 31, 2022. 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 operates a next-generation business model combining 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 Platform, Victory Capital offers a wide array of investment products, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, and a 529 Education Savings Plan.

For more information, please visit vcm.com or follow us: 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/20230111005752/en/

CONTACT: 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

KEYWORD: TEXAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: OTHER CONSUMER CONSTRUCTION & PROPERTY HUMAN RESOURCES FINANCE REIT PROFESSIONAL SERVICES FAMILY CONSUMER OTHER PROFESSIONAL SERVICES

SOURCE: Victory Capital Holdings, Inc.

Copyright Business Wire 2023.

PUB: 01/11/2023 04:30 PM/DISC: 01/11/2023 04:33 PM

http://www.businesswire.com/news/home/20230111005752/en