8-K
Victory Capital Holdings, Inc. (VCTR)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
February 9, 2023
Date of Report (date of earliest event reported)
Victory Capital Holdings, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-38388 | 32-0402956 |
|---|---|---|
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
| 15935 La Cantera Parkway; San Antonio, Texas | 78256 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
(216) 898-2400
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8‑K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a‑12 under the Exchange Act (17 CFR 240.14a‑12)
☐ Pre-commencement communications pursuant to Rule 14d‑2(b) under the Exchange Act (17 CFR 240.14d‑2(b))
☐ Pre-commencement communications pursuant to Rule 13e‑4(c) under the Exchange Act (17 CFR 240.13e‑4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, Par Value $0.01 | VCTR | NASDAQ |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b‑2 of the Securities Exchange Act of 1934 (§240.12b‑2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On February 9, 2023, Victory Capital Holdings, Inc., (the “Company”) issued a press release reporting certain information about the Company’s assets under management (“AUM”) as of January 31, 2023. A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | |
|---|---|
| Number | Description |
| 99.1 | Press release reporting January AUM dated February 9, 2023. |
- 2 -
SIGNATURE(S)
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| VICTORY CAPITAL HOLDINGS, INC. | ||
|---|---|---|
| Date: February 9, 2023 | By: | /s/ MICHAEL D. POLICARPO |
| Name: Michael D. Policarpo | ||
| Title: President, Chief Financial Officer and Chief Administrative Officer |
- 3 -
Exhibit 99.1
Victory Capital Reports January 2023 Assets Under Management
SAN ANTONIO--(BUSINESS WIRE)--February 9, 2023--Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported assets under management (AUM) of $161.4 billion as of January 31, 2023. The Company also reported average assets under management for the month of January of $157.1 billion.
| Victory Capital Holdings, Inc. | ||||
|---|---|---|---|---|
| Assets Under Management^1^ | ||||
| (unaudited; in millions) | ||||
| As of: | ||||
| By Asset Class | Jan. 31, 2023 | Dec. 31, 2022 | ||
| Solutions | $ | 54,654 | $ | 51,507 |
| Fixed Income | 26,835 | 26,353 | ||
| U.S. Mid Cap Equity | 29,964 | 27,892 | ||
| U.S. Small Cap Equity | 16,383 | 15,103 | ||
| U.S. Large Cap Equity | 11,512 | 10,973 | ||
| Global / Non-U.S. Equity | 15,197 | 14,160 | ||
| Alternative Investments | 3,512 | 3,663 | ||
| Total Long-Term Assets | $ | 158,058 | $ | 149,649 |
| Money Market / Short Term Assets | 3,353 | 3,302 | ||
| Total Assets Under Management | $ | 161,410 | $ | 152,952 |
| By Vehicle | ||||
| Mutual Funds^2^ | $ | 104,765 | $ | 99,447 |
| Separate Accounts and Other Pooled Vehicles^3^ | 50,754 | 47,877 | ||
| ETFs^4^ | 5,892 | 5,627 | ||
| Total Assets Under Management | $ | 161,410 | $ | 152,952 |
| ^1^Total AUM includes both discretionary and non-discretionary client assets. Due to rounding, numbers presented in these tables may not add up precisely to the totals provided. | ||||
| ^2^Includes institutional and retail share classes, money market and VIP funds. | ||||
| ^3^Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-U.S. domiciled pooled vehicles. | ||||
| ^4^Represents only ETF assets held by third parties. Excludes ETF assets held by other Victory Capital products. |
About Victory Capital
Victory Capital is a diversified global asset management firm with $161.4 billion in assets under management as of January 31, 2023. It was ranked No. 55 on the Fortune 100 Fastest-Growing Companies list for 2022 and is one of only 24 companies to make the list for the second consecutive year. The Company operates a next-generation business model combining boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.
Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 12 autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a wide array of investment products, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, and a 529 Education Savings Plan.
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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