Victory Capital Holdings, Inc.

We are a diversified global asset management firm with total assets under management ( AUM ) of $313.8 billion, and $316.6 billion in total client assets, as of December 31, 2025. Our differentiated business model combines boutique investment qualities with the benefits of a scaled, integrated, centralized (not standardized) operating and distribution platform. Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With multiple Investment Franchises and a Solutions Platform that maintain autonomy in their respective investment processes, Victory Capital offers a wide array of investment products, including 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 3 Table of Contents end funds, and a 529 Education Savings Plan. Victory Capital’s strategies are also offered through third-party investment products, including mutual funds, third-party ETF model strategies, retail separately managed accounts ( SMAs ) and 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, our Franchises and our Solutions Platform collectively managed a diversified set of 187 investment strategies.