Victory Capital Reports October 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 $313.0 billion, Other Assets of $2.8 billion, and Total Client Assets of $315.8 billion, as of October 31, 2025.

For the month of October, Average Total AUM was $311.8 billion, average Other Assets was $2.7 billion, and average Total Client Assets was $314.5 billion.

Victory Capital Holdings, Inc.
Total Client Assets (unaudited; in millions) 1
	As of:
By Asset Class		Oct. 31, 2025			Sept. 30, 2025
Solutions		$	88,725		$	86,963
Fixed Income			80,555			80,386
U.S. Mid Cap Equity			30,682			31,877
U.S. Small Cap Equity			12,230			12,722
U.S. Large Cap Equity			64,409			63,061
Global / Non-U.S. Equity			29,719			28,960
Alternative Investments			2,975			3,016
Total Long-Term Assets		$	309,294		$	306,985
Money Market / Short Term Assets			3,745			3,660
Total Assets Under Management2		$	313,039		$	310,644
By Vehicle
Mutual Funds3		$	173,579		$	172,923
Separate Accounts and Other Pooled Vehicles4			125,310			123,935
ETFs5			14,150			13,786
Total Assets Under Management2		$	313,039		$	310,644
Other Assets6
Institutional		$	2,762		$	2,726
Total Other Assets		$	2,762		$	2,726
Total Client Assets
Total Assets Under Management		$	313,039		$	310,644
Total Other Assets			2,762			2,726
Total Client Assets		$	315,801		$	313,370
By Region
U.S.		$	262,576		$	261,210
Non-U.S.			53,225			52,160
Total Client Assets		$	315,801		$	313,370
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 $315.8 billion in total client assets, as of October 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.