Victory Capital Reports July 2025 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 $299.8 billion, Other Assets of $3.1 billion, and Total Client Assets of $302.9 billion, as of July 31, 2025.

For the month of July, Average Total AUM was $300.3 billion, average Other Assets was $3.1 billion, and average Total Client Assets was $303.4 billion.

Victory Capital Holdings, Inc.
Total Client Assets (unaudited; in millions) 1
	As of:
By Asset Class	July 31, 2025					June 30, 2025
Solutions		$	80,858				$	79,988
Fixed Income			79,721					79,752
U.S. Mid Cap Equity			31,966					31,643
U.S. Small Cap Equity			12,567					13,140
U.S. Large Cap Equity			62,256					61,844
Global / Non-U.S. Equity			25,760					25,576
Alternative Investments			2,991					2,986
Total Long-Term Assets		$	296,118				$	294,930
Money Market / Short Term Assets			3,715					3,633
Total Assets Under Management2		$	299,834				$	298,563
By Vehicle
Mutual Funds3		$	169,026				$	167,973
Separate Accounts and Other Pooled Vehicles4			118,713					118,615
ETFs5			12,095					11,975
Total Assets Under Management2		$	299,834				$	298,563
Other Assets6
Institutional		$	3,066				$	3,050
Total Other Assets		$	3,066				$	3,050
Total Client Assets
Total Assets Under Management		$	299,834				$	298,563
Total Other Assets			3,066					3,050
Total Client Assets		$	302,899				$	301,613
By Region
U.S.		$	253,832				$	253,085
Non-U.S.			49,067					48,528
Total Client Assets		$	302,899				$	301,613

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 $303 billion in total client assets, as of July 31, 2025. 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.

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Investors:

Matthew Dennis, CFA

Chief of Staff

Director, Investor Relations

216-898-2412

mdennis@vcm.com

Media:

Jessica Davila

Director of Global Communications

210-694-9693

Jessica_davila@vcm.com

Source: Victory Capital Holdings, Inc.