Victory Capital Reports May 2020 Assets Under Management
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20200610005486/en/