Victory Capital Reports August 2025 Total Client Assets

SAN ANTONIO, September 10, 2025--(BUSINESS WIRE)--Victory Capital Holdings, Inc. (NASDAQ: VCTR) ("Victory Capital" or the "Company") today reported Total Assets Under Management (AUM) of $303.7 billion, Other Assets of $2.7 billion, and Total Client Assets of $306.4 billion, as of August 31, 2025.

For the month of August, Average Total AUM was $302.4 billion, average Other Assets was $2.9 billion, and average Total Client Assets was $305.3 billion.

Victory Capital Holdings, Inc. Total Client Assets(unaudited; in millions) 1 As of: By Asset Class August 31,

2025 July 31,

2025 Solutions $ 83,492 $ 80,858 Fixed Income 79,950 79,721 U.S. Mid Cap Equity 32,080 31,966 U.S. Small Cap Equity 12,925 12,567 U.S. Large Cap Equity 61,892 62,256 Global / Non-U.S. Equity 26,674 25,760 Alternative Investments 3,020 2,991 Total Long-Term Assets $ 300,033 $ 296,118 Money Market / Short Term Assets 3,691 3,715 Total Assets Under Management2 $ 303,724 $ 299,834 By Vehicle Mutual Funds3 $ 170,354 $ 169,026 Separate Accounts and Other Pooled Vehicles4 120,399 118,713 ETFs5 12,971 12,095 Total Assets Under Management2 $ 303,724 $ 299,834 Other Assets6 Institutional $ 2,664 $ 3,066 Total Other Assets $ 2,664 $ 3,066 Total Client Assets Total Assets Under Management $ 303,724 $ 299,834 Total Other Assets 2,664 3,066 Total Client Assets $ 306,388 $ 302,899 By Region U.S. $ 256,622 $ 253,832 Non-U.S. 49,766 49,067 Total Client Assets $ 306,388 $ 302,899

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 $306 billion in total client assets, as of August 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.

Story Continues

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/20250910276521/en/

Contacts

Investors:
Matthew Dennis, CFA
Chief of Staff
Director, Investor Relations
216-898-2412
[email protected]

Media:
Jessica Davila
Director of Global Communications
210-694-9693
[email protected]

View Comments