Schedules Fourth-Quarter Financial Results Conference Call for February 9

Victory Capital Holdings, Inc. (NASDAQ:VCTR) ("Victory Capital" or the "Company") today reported assets under management (AUM) of $166.6 billion as of December 31, 2023, and average assets under management for December of $163.5 billion. The Company also reported long-term net flows in the fourth quarter of -$1.1 billion.

Victory Capital Holdings, Inc. Assets Under Management¹ *(unaudited; in millions)*
	As of:
By Asset Class	Dec 31, 2023		Nov 30, 2023
Solutions	$	59,585		$	57,004
Fixed Income		24,355			23,994
U.S. Mid Cap Equity		30,604			29,050
U.S. Small Cap Equity		15,959			14,586
U.S. Large Cap Equity		12,635			12,192
Global / Non-U.S. Equity		16,772			16,143
Alternative Investments		3,431			3,366
Total Long-Term Assets	$	163,340		$	156,335
Money Market / Short Term Assets		3,271			3,266
Total Assets Under Management	$	166,611		$	159,600

By Vehicle
Mutual Funds²	$	108,802		$	104,863
Separate Accounts and Other Pooled Vehicles³		52,840			49,968
ETFs⁴		4,970			4,769
Total Assets Under Management	$	166,611		$	159,600

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.

Fourth-Quarter Conference Call and Webcast Details

Victory Capital will report Fourth-quarter 2023 financial results after the market closes on Thursday, February 8, 2024. The Company will host a conference call the following morning, February 9, 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 $166.6 billion in assets under management as of December 31, 2023. The Company employs a next-generation business strategy that combines 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 11 autonomous Investment Franchises and a Solutions Business, Victory Capital offers a wide array of investment products and services, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, a 529 Education Savings Plan, and brokerage services.

Victory Capital is headquartered in San Antonio, Texas, with offices and investment professionals in the U.S. and around the world. To learn more please visit www.vcm.com or follow Victory Capital on Facebook, Twitter, and LinkedIn.

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Victory Capital Reports December 2023 Assets Under Management