v3.26.1
Investments
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Investments

NOTE 7. Investments

As of June 30, 2026 and December 31, 2025, the Company had investments in proprietary funds and deferred compensation plan investments. Investments in proprietary funds consist primarily of seed capital investments in certain Victory Funds. Deferred compensation plan investments include investments in affiliated and third party mutual funds held in a rabbi trust under a deferred compensation plan.

The following table presents the fair value of the Company's investments:

 

(in thousands)

 

June 30, 2026

 

 

December 31, 2025

 

Investments in Proprietary Funds

 

$

722

 

 

$

636

 

Deferred Compensation Plan Investments

 

 

90,950

 

 

 

98,758

 

 

Unrealized and realized gains and losses on investments in proprietary funds and deferred compensation plan investments are recorded in earnings as interest income and other income (expense).

The following table presents the unrealized gains/(losses) recognized during the three and six months ended June 30, 2026 and 2025:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Investments in Proprietary Funds

 

$

67

 

 

$

41

 

 

$

84

 

 

$

(2

)

Deferred Compensation Plan Investments

 

 

6,217

 

 

 

3,052

 

 

 

6,199

 

 

 

3,433