Victory Capital Reports September 2025 Total Client Assets

Schedules Third-Quarter Financial Results Conference Call for November 7

SAN ANTONIO--(BUSINESS WIRE)-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $310.6 billion, Other Assets of $2.7 billion, and Total Client Assets of $313.4 billion, as of September 30, 2025.

For the month of September, Average Total AUM was $308.0 billion, average Other Assets was $2.7 billion, and average Total Client Assets was $310.7 billion.

For the third quarter, the Company reported long-term AUM net flows of -$244 million.

Victory Capital Holdings, Inc.
Total Client Assets (unaudited; in millions) 1
		As of:
By Asset Class		September 30, 2025			August 31, 2025
Solutions		$	86,963		$	83,492
Fixed Income			80,386			79,950
U.S. Mid Cap Equity			31,877			32,080
U.S. Small Cap Equity			12,722			12,925
U.S. Large Cap Equity			63,061			61,892
Global / Non-U.S. Equity			28,960			26,674
Alternative Investments			3,016			3,020
Total Long-Term Assets		$	306,985		$	300,033
Money Market / Short Term Assets			3,660			3,691
Total Assets Under Management2		$	310,644		$	303,724
By Vehicle
Mutual Funds3		$	172,923		$	170,354
Separate Accounts and Other Pooled Vehicles4			123,935			120,399
ETFs5			13,786			12,971
Total Assets Under Management2		$	310,644		$	303,724
Other Assets6
Institutional		$	2,726		$	2,664
Total Other Assets		$	2,726		$	2,664
Total Client Assets
Total Assets Under Management		$	310,644		$	303,724
Total Other Assets			2,726			2,664
Total Client Assets		$	313,370		$	306,388
By Region
U.S.		$	261,210		$	256,622
Non-U.S.			52,160			49,766
Total Client Assets		$	313,370		$	306,388

Third-Quarter Conference Call and Webcast Details

Victory Capital will report third-quarter 2025 financial results after the market closes on Thursday, November 6, 2025. The Company will host a conference call the following morning, Friday, November 7, at 8:00 a.m. ET to discuss the results. Victory Capital’s earnings release and supplemental materials will be available on the investor relations section of the Company’s website at https://ir.vcm.com before the conference call begins.

To participate in the conference call, please call 1-800-715-9871 (domestic) or 1-646-307-1963 (international), shortly before 8:00 a.m. ET and reference the Victory Capital Conference Call. A live, listen-only webcast will also be available via the investor relations section of the Company’s website at https://ir.vcm.com. For anyone who is unable to join the live event, an archive of the webcast will be available for replay, at the same location, shortly after the call concludes.

1	Due to rounding, numbers presented in these tables may not add up precisely to the totals provided.
2	Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets.
3	Includes institutional and retail share classes, money market and VIP funds.
4	Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-U.S. domiciled pooled vehicles.
5	Represents only ETF assets held by third parties and excludes ETF assets held by other Victory Capital products.
6	Includes 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 $313 billion in total client assets, as of September 30, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251009356466/en/

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.