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  • Professor Andrea M. Armani, University of Southern California
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  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Victory Capital Reports July 2025 Total Client Assets

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.

Contacts

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

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