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 |
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Assets Under Management1 |
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(unaudited; in millions) |
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As of: |
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By Asset Class |
May 31, 2020 |
April 30, 2020 |
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Fixed Income |
$ |
35,280 |
$ |
35,476 |
|
Solutions |
28,845 |
27,867 |
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U.S. Mid Cap Equity |
22,374 |
21,148 |
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U.S. Small Cap Equity |
14,097 |
13,280 |
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U.S. Large Cap Equity |
12,494 |
11,880 |
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Global / Non-U.S. Equity |
10,681 |
10,213 |
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Other |
194 |
183 |
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Total Long-Term Assets |
$ |
123,965 |
$ |
120,047 |
|
Money Market / Short Term Assets |
3,760 |
11,766 |
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Total Assets Under Management |
$ |
127,726 |
$ |
131,814 |
|
By Vehicle |
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Mutual Funds2 |
$ |
99,429 |
$ |
104,372 |
|
Separate Accounts and Other Vehicles3 |
24,852 |
24,070 |
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ETFs |
3,445 |
3,372 |
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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. |
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2Includes institutional and retail share classes, money market and VIP funds. |
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3Includes collective trust funds, wrap program accounts and unified managed accounts. |
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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
View source version on businesswire.com: https://www.businesswire.com/news/home/20200610005486/en/
Investors: Matthew Dennis, CFA Chief of Staff Director, Investor Relations 216-898-2412 mdennis@vcm.com
Media: Tricia Ross 310-622-8226 tross@finprofiles.com
Source: Victory Capital Holdings, Inc.