News Release

Victory Capital Receives Nine 2024 US LSEG Lipper Fund Awards
San Antonio, Texas, March 14, 2024 ― Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” orthe “Company”) today announced that it received nine distinguished 2024 US LSEG Lipper Fund Awards basedon risk-adjusted returns for the period ended November 30, 2023.
"Receiving nine prestigious LSEG Lipper Fund Awards is an honor," said David Brown, Chairman and Chief
Executive Officer of Victory Capital. "Earning these notable awards highlights the dedication of our investment
professionals and further emphasizes our commitment to consistently deliver excellent, long-term, risk-adjusted
returns to our fund shareholders."

Fund

Victory Funds
2024 LSEG Lipper Fund Awards
Category2024 LSEG LipperAward
10 yearsVictory Sycamore
Established Value Fund,
Institutional (VEVIX)

Mid-Cap Core (out of 71 fundsand 217 share classes)

Victory Nasdaq-100 Index
Fund, Fund (USNQX)

Large-Cap Growth (out of 140
funds and 447 share classes)

10 yearsVictory Nasdaq-100 Index
Fund, R6 (URNQX)

Large-Cap Growth (out of 155
funds and 571 share classes)

5 yearsVictory Ultra Short-Term
Bond Fund, R6 (URUSX )Ultra-Short Obligations (out of43 funds and 116 shareclasses)

5 years

Victory Fund for Income,Institutional (VFFIX)

GNMA (out of 13 funds and 49share classes)

5 years

Victory Fund for Income,Institutional (VFFIX)

GNMA (out of 13 funds and 52
share classes)

3 years

Victory Government
Securities Fund, R6(URGSX)Intermediate U.S. Government(out of 12 funds and 55 shareclasses)

5 years

Victory Government
Securities Fund, R6(URGSX)Intermediate U.S. Government(out of 13 funds and 58 shareclasses)

3 yearsVictory Target Retirement
Income Fund (URINX)

Mixed-Asset Target Today (outof 31 funds and 136 shareclasses)

3 years

The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled indelivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards
are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measurecalculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (EffectiveReturn) value in each eligible classification wins the LSEG Lipper Fund Award.
Only one share class (the one with the best Lipper Leader score) is used for each portfolio in determining asset
class awards. Past performance is not indicative of future results.
About Victory Capital
Victory Capital is a diversified global asset management firm with $170.3 billion in total client assets as ofFebruary 29, 2024. The Company employs a next-generation business strategy that combines boutiqueinvestment 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 Capitaloffers 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.
Contacts:Investors:
Matthew Dennis, CFA
Chief of Staff
Director, Investor Relations
216-898-2412
mdennis@vcm.com
Media:
Jessica Davila
Director, Global Communications
210-694-9693
jessica_davila@vcm.com
Carefully consider a fund's investment objectives, risks, charges and expenses before investing. To
obtain a prospectus or summary prospectus containing this and other important information,
visit www.vcm.com/prospectus. Read it carefully before investing.
Investments involve risk including possible loss of principal, and an investment should be made with anunderstanding of the risks involved with owning a particular security or asset class. Interested parties are strongly
encouraged to seek advice from qualified tax and financial experts regarding the best options for your particular
circumstances.
For more information, see lipperfundawards.com. Although LSEG makes reasonable efforts to ensure theaccuracy and reliability of the data contained herein, the accuracy is not guaranteed by LSEG Lipper.
LSEG Lipper Fund Awards, ©2024 LSEG. All rights reserved. Used under license.