Schedules First-Quarter Financial Results Conference Call for May 5

Victory Capital Holdings, Inc. (NASDAQ:VCTR) ("Victory Capital" or the "Company") today reported assets under management (AUM) of $158.6 billion as of March 31, 2023, and average assets under management for the first quarter of $157.8 billion. The Company also reported long-term net flows in the first quarter of -$1.2 billion.

Victory Capital Holdings, Inc.
Assets Under Management¹
*(unaudited; in millions)*

	As of:
By Asset Class	Mar. 31, 2023		Feb. 28, 2023
Solutions	$	54,416	$	52,835
Fixed Income		26,535		26,356
U.S. Mid Cap Equity		29,035		29,506
U.S. Small Cap Equity		15,648		16,319
U.S. Large Cap Equity		11,425		11,191
Global / Non-U.S. Equity		14,868		14,668
Alternative Investments		3,317		3,423
Total Long-Term Assets	$	155,244	$	154,298
Money Market / Short Term Assets		3,377		3,392
Total Assets Under Management	$	158,621	$	157,691

By Vehicle
Mutual Funds²	$	103,246	$	102,788
Separate Accounts and Other Pooled Vehicles³		49,819		49,214
ETFs⁴		5,555		5,689
Total Assets Under Management	$	158,621	$	157,691

¹Total 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.
²Includes institutional and retail share classes, money market and VIP funds.
³Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-U.S. domiciled pooled vehicles.
⁴Represents only ETF assets held by third parties. Excludes ETF assets held by other Victory Capital products.

First-Quarter Conference Call and Webcast Details

Victory Capital will report first-quarter 2023 financial results after the market closes on Thursday, May 4, 2023. The Company will host a conference call the following morning, May 5, 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 1-888-330-3571 (domestic) or 1-646-960-0657 (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.

About Victory Capital

Victory Capital is a diversified global asset management firm with $158.6 billion in assets under management as of March 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.

For more information, please visit vcm.com or follow us: Twitter and LinkedIn

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Victory Capital Reports March 2023 Assets Under Management