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
|
|
Assets Under Management
1
|
|
(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/
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.