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 |
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April 30, 2020 |
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Fixed Income |
$ |
35,280 |
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$ |
35,476 |
Solutions |
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28,845 |
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27,867 |
U.S. Mid Cap Equity |
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22,374 |
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21,148 |
U.S. Small Cap Equity |
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14,097 |
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13,280 |
U.S. Large Cap Equity |
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12,494 |
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11,880 |
Global / Non-U.S. Equity |
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10,681 |
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10,213 |
Other |
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194 |
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183 |
Total Long-Term Assets |
$ |
123,965 |
$ |
120,047 |
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Money Market / Short Term Assets |
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3,760 |
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11,766 |
Total Assets Under Management |
$ |
127,726 |
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$ |
131,814 |
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By Vehicle |
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Mutual Funds2 |
$ |
99,429 |
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$ |
104,372 |
Separate Accounts and Other Vehicles3 |
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24,852 |
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24,070 |
ETFs |
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3,445 |
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3,372 |
Total Assets Under Management |
$ |
127,726 |
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$ |
131,814 |
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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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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. |
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