Guang. Thanks
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Additionally, XX% from our and this XX% segment to management non-performance revenue fees. fees of comes in
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liquid segment processes. over and Turning strong performance generated through to team third This disciplined for segment periods time has on investment segment, slide long-term XX. our and clients quality maintained investment high alpha a long
on elevated by touched and earlier, $X.X $X U.S. $X the quarter of to USAA billion of billion, client large-cap strategy. we continued saw reallocation was sub-advisory acquisition As billion we approximately which this a flows specific Victory's in of related from was
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QX left-hand decreased out which fee basis. where our for XX, XXXX the metrics to a in XX.X from bps to bottom quarter. compare on on on consolidated we this our slide want rate weighted prior this XX.X QX to call XXXX slide, key bps quarters, Moving to I average side,
the placement two primarily management depreciation with touched mainly decrease These which that driven factors This contra as earlier, agent emerging along EPS we led increase in the $X.XX. to market was our to fee equities $X.XX in against revenue. directly from as higher fee decline item such a in on fees by markets the reduced asset classes
the net client by The revenue next flows left-hand shows alternatives liquid of the positive been our impact the The side net net segment on chart flows flows for quant/solutions XX, shows segment. with our in and segment, and slide, negative generally flows cash have alpha segment. concentrated slide
had billion quant/solutions flows, of this flows. For positive net segment of net had liquid outflows quarter, and while alternatives $X.X $X.X alpha -- segment net negative billion
billion. $X.X flows negative Total was net client cash
while billion, acquisition $X billion, $XX.X growth $X.X the clients. declined gross to billion included the Victory's the $X.X billion to the Our mentioned sub-advisory quarter-over-quarter billion sales from $X of USAA slightly from billion we $X.X outflows from and weakened from which
Inflows of XX were were lower fee concentration migration higher at in fee outflows and strategies. the XX outflows bps, our again bps, while toward continued highlighting products
on note NCCF granularity reinvested distributions this realizations Please and income of flows. impact more reflect and our and on revenue of and excludes includes flows to more page that our accurately provide by now NCCF sources to clients recurring
reflects also appendix, XX where XX and point to other granularity key slides Note corporate-level the expenses headquarter as your attention I provide on and such our column Now, we and do that our in taxes. here primarily additional segments. items the interests
back any may turn to to questions the you to like operator answer I'd call have. Now, happy the we're and
