secwatch.observer — SEC 8-K summary
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Issuer:     Victory Capital Holdings, Inc. (VCTR)
CIK:        0001570827
Form:       8-K
Filed at:   2025-06-10T23:59:59+00:00
Accession:  0000950170-25-084416
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Victory Capital reports May AUM of $289.4B; guides Q2 fee rate 46-47 bps
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- Total AUM $289.4B as of May 31, 2025, up from $279.3B in April; average AUM $285.5B.
- Issued 5.4M preferred shares to Amundi on May 23; estimated fully diluted shares ~85M for Q2.
- Post-Pioneer integration, consolidated fee rate guidance 46-47 bps; no EBITDA impact from net accounting.
- Pioneer Fund administration reimbursements and broker-dealer commissions now shown on net basis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1570827/000095017025084416/0000950170-25-084416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1570827/000095017025084416/vctr-20250610.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-084416

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer