Victory Capital Holdings, Inc.

Victory Capital Holdings, Inc. is a diversified global asset management firm with $313.8 billion in total assets under management ("AUM") and $316.6 billion in total client assets as of December 31, 2025. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors. Its business model combines boutique investment qualities with a scaled, integrated, centralized operating and distribution platform. Victory Capital offers a wide array of investment products through multiple Investment Franchises and a Solutions Platform, which maintain autonomy in their investment processes. These products include actively and passively managed mutual funds, rules-based and active exchange traded funds ("ETFs"), institutional separate accounts, variable insurance products ("VIPs"), alternative investments, private closed end funds, and a 529 Education Savings Plan. Additionally, Victory Capital's strategies are offered through third-party investment products such as mutual funds, third-party ETF model strategies, retail separately managed accounts ("SMAs"), unified managed accounts ("UMAs") through wrap account programs, Collective Investment Trusts ("CITs"), and undertakings for the collective investment in transferable securities ("UCITS"). As of December 31, 2025, the Franchises and Solutions Platform collectively managed 187 diversified investment strategies. Victory Capital Holdings, Inc. was formed in 2013 to acquire Victory Capital Management ("VCM") and Victory Capital Services, Inc. ("VCS") from KeyCorp. VCM is a U.S. registered investment adviser ("RIA") managing assets through various vehicles including open-end mutual funds, institutional separate accounts, CITs, wrap account programs, UCITS, private funds, and ETFs.