SAN ANTONIO--(BUSINESS WIRE)-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported assets under management (AUM) of $127.7 billion on May 31, 2020.
As previously announced, the closing of The Charles Schwab Company’s acquisition of USAA’s Investment Management Company on May 26 caused a transfer of assets primarily comprised of short-term money market funds that were subject to a revenue sharing arrangement and did not contribute to Victory Capital’s profitability. To a lesser extent, certain long-term assets also transferred out due to the acquisition’s closing. The impact of these asset transfers is reflected in the table below.
Victory Capital Holdings, Inc. and Subsidiaries | |||||
Assets Under Management1 | |||||
(unaudited; in millions) | |||||
As of: | |||||
By Asset Class | May 31, 2020 | April 30, 2020 | |||
Fixed Income | $ | 35,280 | $ | 35,476 | |
Solutions | 28,845 | 27,867 | |||
U.S. Mid Cap Equity | 22,374 | 21,148 | |||
U.S. Small Cap Equity | 14,097 | 13,280 | |||
U.S. Large Cap Equity | 12,494 | 11,880 | |||
Global / Non-U.S. Equity | 10,681 | 10,213 | |||
Other | 194 | 183 | |||
Total Long-Term Assets | $ | 123,965 | $ | 120,047 | |
Money Market / Short Term Assets | 3,760 | 11,766 | |||
Total Assets Under Management | $ | 127,726 | $ | 131,814 | |
By Vehicle | |||||
Mutual Funds2 | $ | 99,429 | $ | 104,372 | |
Separate Accounts and Other Vehicles3 | 24,852 | 24,070 | |||
ETFs | 3,445 | 3,372 | |||
Total Assets Under Management | $ | 127,726 | $ | 131,814 | |
1Due 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 collective trust funds, wrap program accounts and unified managed accounts. | |||||
About Victory Capital
Victory Capital is a diversified global asset management firm with $127.7 billion in assets under management as of May 31, 2020. 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 nine autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a wide array of investment styles and investment vehicles including, actively managed mutual funds, separately managed accounts, rules-based and active ETFs, multi-asset class strategies, custom-designed solutions and a 529 College Savings Plan.
For more information, please visit www.vcm.com or follow us: Twitter and LinkedIn
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Investors: Matthew Dennis, CFA Chief of Staff Director, Investor Relations 216-898-2412 [email protected]
Media: Tricia Ross 310-622-8226 [email protected]
Source: Victory Capital Holdings, Inc.