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Victory Capital Holdings Inc

Victory Capital Reports November 2025 Total Client Assets

SAN ANTONIO--(BUSINESS WIRE)--Dec. 10, 2025-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $314.8 billion, Other Assets of $2.8 billion, and Total Client Assets of $317.7 billion, as of November 30, 2025.

For the month of November, Average Total AUM was $312.4 billion, average Other Assets was $2.8 billion, and average Total Client Assets was $315.2 billion.

Victory Capital Holdings, Inc.

Total Client Assets (unaudited; in millions) 1

 

 

 

As of:

By Asset Class

Nov. 30, 2025

 

Oct. 31, 2025

Solutions

$

90,131

 

$

88,725

Fixed Income

 

80,827

 

 

 

80,555

 

U.S. Mid Cap Equity

 

31,024

 

 

 

30,682

 

U.S. Small Cap Equity

 

12,242

 

 

 

12,230

 

U.S. Large Cap Equity

 

63,624

 

 

 

64,409

 

Global / Non-U.S. Equity

 

30,229

 

 

 

29,719

 

Alternative Investments

 

2,993

 

 

 

2,975

 

Total Long-Term Assets

$

311,070

 

 

$

309,294

 

Money Market / Short Term Assets

 

3,777

 

 

 

3,745

 

Total Assets Under Management 2

$

314,846

 

 

$

313,039

 

 

 

 

 

By Vehicle

 

 

 

Mutual Funds3

$

173,496

 

 

$

173,579

 

Separate Accounts and Other Pooled Vehicles4

 

126,671

 

 

 

125,310

 

ETFs5

 

14,679

 

 

 

14,150

 

Total Assets Under Management 2

$

314,846

 

 

$

313,039

 

 

 

 

 

Other Assets 6

 

 

 

Institutional

$

2,818

 

 

$

2,762

 

Total Other Assets

$

2,818

 

 

$

2,762

 

 

 

 

 

Total Client Assets

 

 

 

Total Assets Under Management

$

314,846

 

 

$

313,039

 

Total Other Assets

 

2,818

 

 

 

2,762

 

Total Client Assets

$

317,664

 

 

$

315,801

 


 

 

 

 

By Region

 

 

 

U.S.

$

263,706

 

 

$

262,576

 

Non-U.S.

 

53,958

 

 

 

53,225

 

Total Client Assets

$

317,664

 

 

$

315,801

 

 

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 $317.7 billion in total client assets, as of November 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.

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.