Victory Capital Reports January 2026 Total Client Assets

SAN ANTONIO--(BUSINESS WIRE)--Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $320.2 billion, Other Assets of $3.0 billion, and Total Client Assets of $323.2 billion, as of January 31, 2026.

For the month of January, Average Total AUM was $318.3 billion, average Other Assets was $2.9 billion, and average Total Client Assets was $321.2 billion.

Victory Capital Holdings, Inc.
Total Client Assets(unaudited; in millions)^1
	As of:
By Asset Class	Jan. 31, 2026		Dec. 31, 2025
Solutions	$	94,075	$	91,228
Fixed Income		80,429		80,544
U.S. Mid Cap Equity		30,863		29,993
U.S. Small Cap Equity		11,416		11,179
U.S. Large Cap Equity		64,340		63,380
Global / Non-U.S. Equity		32,441		30,680
Alternative Investments		2,868		3,038
Total Long-Term Assets	$	316,432	$	310,042
Money Market / Short Term Assets		3,773		3,733
Total Assets Under Management^2	$	320,205	$	313,775
By Vehicle
Mutual Funds^3	$	175,017	$	172,203
Separate Accounts and Other Pooled Vehicles^4		129,213		126,523
ETFs^5		15,976		15,049
Total Assets Under Management^2	$	320,205	$	313,775

Other Assets^6
Institutional	$	2,976	$	2,846
Total Other Assets	$	2,976	$	2,846
Total Client Assets
Total Assets Under Management	$	320,205	$	313,775
Total Other Assets		2,976		2,846
Total Client Assets	$	323,181	$	316,621
By Region
U.S.	$	266,847	$	261,821
Non-U.S.		56,334		54,799
Total Client Assets	$	323,181	$	316,621

^1Due to rounding, numbers presented in these tables may not add up precisely to the totals provided.

^2Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets.

^3Includes institutional and retail share classes, money market and VIP funds.

^4Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-U.S. domiciled pooled vehicles.

^5Represents only ETF assets held by third parties and excludes ETF assets held by other Victory Capital products.

^6Includes low-fee (2 to 4 bps) institutional assets. These assets are included as part of Victory’s Regulatory Assets Under Management reported in Form ADV Part 1.

About Victory Capital

Victory Capital (NASDAQ: VCTR) is a diversified global asset management firm with $323.2 billion in total client assets, as of January 31, 2026. We serve institutional, intermediary, and individual clients through our Investment Franchises and Solutions Platform, which manage specialized investment strategies across traditional and alternative asset classes. Our differentiated approach combines the power of investment autonomy with the support of a robust, fully integrated operational and distribution platform. Clients have access to focused, top-tier investment talent equipped with comprehensive resources designed to deliver competitive long-term performance.

Victory Capital is headquartered in San Antonio, Texas. To learn more, visit www.vcm.com or follow us on Facebook, Twitter (X), and LinkedIn.