Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of
For the month of May, Average Total AUM was
Second-Quarter Guidance Update
As previously disclosed, the Company issued 5.4 million shares of its preferred stock to Amundi S.A., on May 23, 2025, increasing the total number of fully diluted shares to approximately 88.3 million shares. Based on the timing of share issuances, the estimated fully diluted shares outstanding in the second quarter period is expected to be approximately 85 million shares.
Moreover, following the successful integration of the Pioneer Investment business on April 1st, the Company’s consolidated fee rate realization beginning in the second quarter and going forward is projected to be in the range of 46 to 47 basis points. In addition to differences in average fee rates for the two legacy organizations, to align with Victory Capital’s accounting policy, certain Pioneer Fund Administration reimbursements and Broker Dealer commissions will be shown on a net basis whereas, prior to the transaction closing, Pioneer Investments recorded these on a gross basis. The different accounting treatment is the primary driver for the change in projected fee rate realization and there is no expected impact to EBITDA or EBITDA margin resulting from this accounting treatment. The total amount of net expense synergies and the timing to realize them are unchanged.
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Victory Capital Holdings, Inc. |
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Total Client Assets (unaudited; in millions) 1 |
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As of: |
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By Asset Class |
May 31, 2025 |
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April 30, 2025 |
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Solutions |
$ |
76,395 |
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$ |
72,635 |
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Fixed Income |
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78,952 |
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78,569 |
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31,074 |
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30,049 |
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12,849 |
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12,421 |
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|
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58,921 |
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55,363 |
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Global / Non- |
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24,549 |
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23,607 |
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Alternative Investments |
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2,965 |
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2,933 |
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Total Long-Term Assets |
$ |
285,705 |
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$ |
275,579 |
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Money Market / Short Term Assets |
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3,681 |
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3,703 |
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Total Assets Under Management2 |
$ |
289,386 |
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$ |
279,282 |
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By Vehicle |
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Mutual Funds3 |
$ |
163,421 |
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$ |
157,758 |
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Separate Accounts and Other Pooled Vehicles4 |
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114,732 |
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111,064 |
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ETFs5 |
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11,233 |
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10,460 |
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Total Assets Under Management2 |
$ |
289,386 |
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$ |
279,282 |
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Other Assets6 |
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Institutional |
$ |
3,711 |
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$ |
3,555 |
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Total Other Assets |
$ |
3,711 |
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$ |
3,555 |
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Total Client Assets |
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Total Assets Under Management |
$ |
289,386 |
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$ |
279,282 |
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Total Other Assets |
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3,711 |
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3,555 |
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Total Client Assets |
$ |
293,097 |
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$ |
282,836 |
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By Region |
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$ |
246,520 |
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$ |
237,794 |
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Non- |
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46,578 |
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45,043 |
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Total Client Assets |
$ |
293,097 |
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$ |
282,836 |
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1Due to rounding, numbers presented in these tables may not add up precisely to the totals provided. |
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2Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets. |
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3Includes institutional and retail share classes, money market and VIP funds. |
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4Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non- |
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5Represents only ETF assets held by third parties and excludes ETF assets held by other Victory Capital products. |
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6Includes 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 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
Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 12 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20250610286052/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
Source: Victory Capital Holdings, Inc.
