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Trending ETFs

Transamerica High Yield Bond

mutual fund
INCLX
Payout Change
Pending
Price as of:
$8.16 -0.01 -0.12%
primary theme
High Yield Bond
share class
A (IHIYX) I3 (TAHTX) C (INCLX) R6 (TAHBX) R (TAHRX) R4 (TAHFX) I (TDHIX)
INCLX (Mutual Fund)

Transamerica High Yield Bond

Payout Change
Pending
Price as of:
$8.16 -0.01 -0.12%
primary theme
High Yield Bond
share class
A (IHIYX) I3 (TAHTX) C (INCLX) R6 (TAHBX) R (TAHRX) R4 (TAHFX) I (TDHIX)
INCLX (Mutual Fund)

Transamerica High Yield Bond

Payout Change
Pending
Price as of:
$8.16 -0.01 -0.12%
primary theme
High Yield Bond
share class
A (IHIYX) I3 (TAHTX) C (INCLX) R6 (TAHBX) R (TAHRX) R4 (TAHFX) I (TDHIX)

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Transamerica High Yield Bond

INCLX | Fund

$8.16

$1.32 B

5.35%

$0.44

1.74%

Vitals

YTD Return

7.7%

1 yr return

10.6%

3 Yr Avg Return

1.2%

5 Yr Avg Return

2.4%

Net Assets

$1.32 B

Holdings in Top 10

14.7%

52 WEEK LOW AND HIGH

$8.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.74%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 37.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Transamerica High Yield Bond

INCLX | Fund

$8.16

$1.32 B

5.35%

$0.44

1.74%

INCLX - Profile

Distributions

  • YTD Total Return 7.7%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.37%
DIVIDENDS
  • Dividend Yield 5.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Transamerica High Yield Bond
  • Fund Family Name
    Transamerica
  • Inception Date
    Mar 24, 2017
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Benjamin Miller

Fund Description

The fund's sub-adviser, Aegon USA Investment Management, LLC (the “sub-adviser”), seeks to achieve the fund's objective by investing, under normal circumstances, at least 80% of the fund's net assets (plus the amount of borrowings, if any, for investment purposes) in high-yield bonds (commonly known as “junk bonds”). The fund normally invests primarily in U.S. securities.Junk bonds are high-risk debt securities rated below investment grade (that is, securities rated below BBB by Standard & Poor’s or Fitch or below Baa by Moody’s or, if unrated, determined to be of comparable quality by the sub-adviser). The sub-adviser seeks to achieve high returns for the fund while maintaining a reasonable risk profile.The sub-adviser uses a combination of a global “top-down” analysis of the macroeconomic and interest rate environment and proprietary “bottom-up” research of corporate and sovereign debt, stressed and distressed securities, and other debt instruments. In the sub-adviser’s “top-down” approach, the sub-adviser analyzes various fundamental, technical, sentiment, and valuation factors that the sub-adviser believes affect the movement of markets and securities prices worldwide. This “top-down” analysis assists the sub-adviser in analyzing fund risk and allocating assets among sectors, industries, and credit quality categories. In its proprietary “bottom-up” research, the sub-adviser considers various fundamental and other factors, such as creditworthiness and capital structure. The sub-adviser uses this combined “top-down” and “bottom-up” approach to determine asset class, sector, security, yield curve and duration positions for the fund.The sub-adviser’s research analysts also generally integrate environmental, social and governance (“ESG”) matters within their analytical process for high-yield bonds, foreign securities (including emerging markets), investment grade bonds, certain asset-backed securities, private residential mortgage-backed securities, certain preferred equity, privately issued debt securities issued pursuant to Rule 144A or Regulation S and certain cash equivalents (including corporate commercial paper) alongside traditional credit metrics as a risk management tool and as a method to identify financially material ESG factors and arrive at an independent, comprehensive view of the investment. The sub-adviser’s research analysts typically do not consider ESG factors when analyzing other investments, including, but not limited to, investments in certain bank loans, U.S. Treasury and agency mortgage-backed securities, common equity, cash, certain cash equivalent securities, asset-backed commercial paper, repurchase agreements and money market instruments. Consideration of ESG matters is subjective and not determinative in the sub-adviser’s investment process. The sub-adviser may conclude that other attributes of an investment outweigh ESG considerations when making investment decisions. The sub-adviser’s research analysts do not take ESG factors into consideration with respect to every investment in the fund.The fund has no maturity or duration requirements or limitations. The fund may invest in foreign securities, including up to 10% of its net assets in emerging market securities. The sub-adviser considers emerging market countries as countries that major international financial institutions, such as the World Bank, generally consider to be less economically mature than developed nations.To a lesser extent, the fund may invest in investment grade bonds, bank loans, asset backed and mortgage backed securities, preferred equity securities, common equity securities (received in connection with exchanges or restructurings) and cash equivalents. The fund may also invest in hybrid instruments having both debt and equity characteristics.The fund may invest in privately issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended.
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INCLX - Performance

Return Ranking - Trailing

Period INCLX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% -7.5% 18.1% 72.09%
1 Yr 10.6% -4.6% 18.6% 71.26%
3 Yr 1.2%* -14.4% 21.6% 90.50%
5 Yr 2.4%* -11.4% 37.2% 92.17%
10 Yr 3.3%* -4.7% 20.4% 83.41%

* Annualized

Return Ranking - Calendar

Period INCLX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -4.7% 14.3% 70.49%
2022 -16.0% -33.4% 3.6% 58.77%
2021 1.3% -8.4% 8.2% 19.76%
2020 -1.4% -13.2% 302.7% 75.93%
2019 7.8% -4.4% 13.3% 54.83%

Total Return Ranking - Trailing

Period INCLX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% -7.5% 18.1% 72.09%
1 Yr 10.6% -4.6% 18.6% 71.26%
3 Yr 1.2%* -14.4% 21.6% 90.50%
5 Yr 2.4%* -11.4% 37.2% 92.17%
10 Yr 3.3%* -4.7% 20.4% 83.41%

* Annualized

Total Return Ranking - Calendar

Period INCLX Return Category Return Low Category Return High Rank in Category (%)
2023 9.9% -4.7% 18.7% 87.38%
2022 -12.1% -33.4% 47.8% 78.15%
2021 5.2% -8.4% 12.4% 45.36%
2020 3.2% -9.6% 325.6% 82.65%
2019 13.3% -3.8% 19.4% 58.29%

NAV & Total Return History

INCLX - Holdings

Concentration Analysis

INCLX Category Low Category High INCLX % Rank
Net Assets 1.32 B 3.13 M 25.3 B 33.50%
Number of Holdings 363 2 4432 50.25%
Net Assets in Top 10 195 M -492 M 6.67 B 33.17%
Weighting of Top 10 14.71% 4.2% 146.0% 45.16%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 5.56%
  2. FIXED INC CLEARING CORP.REPO 2.12%
  3. Vmed O2 U.K. Financing I PLC 1.27%
  4. ILFC E-Capital Trust I 1.13%
  5. Smyrna Ready Mix Concrete LLC 0.89%
  6. VZ Secured Financing BV 0.84%
  7. Constellium SE 0.80%
  8. Venture Global LNG, Inc. 0.76%
  9. CrownRock LP/CrownRock Finance, Inc. 0.68%
  10. Avient Corp. 0.65%

Asset Allocation

Weighting Return Low Return High INCLX % Rank
Bonds 		98.25% 0.00% 145.36% 10.29%
Cash 		5.56% -52.00% 48.02% 27.09%
Other 		2.12% -39.08% 99.23% 8.37%
Convertible Bonds 		1.99% 0.00% 17.89% 24.47%
Stocks 		0.12% 0.00% 97.54% 59.80%
Preferred Stocks 		0.00% 0.00% 4.97% 65.52%

Stock Sector Breakdown

Weighting Return Low Return High INCLX % Rank
Utilities 		0.00% 0.00% 100.00% 62.03%
Technology 		0.00% 0.00% 33.17% 62.91%
Real Estate 		0.00% 0.00% 86.71% 56.07%
Industrials 		0.00% 0.00% 93.12% 64.46%
Healthcare 		0.00% 0.00% 22.17% 57.40%
Financial Services 		0.00% 0.00% 100.00% 62.47%
Energy 		0.00% 0.00% 100.00% 6.18%
Communication Services 		0.00% 0.00% 99.99% 76.38%
Consumer Defense 		0.00% 0.00% 100.00% 58.50%
Consumer Cyclical 		0.00% 0.00% 100.00% 67.11%
Basic Materials 		0.00% 0.00% 100.00% 60.71%

Stock Geographic Breakdown

Weighting Return Low Return High INCLX % Rank
US 		0.12% 0.00% 97.54% 59.93%
Non US 		0.00% -0.01% 0.83% 52.05%

Bond Sector Breakdown

Weighting Return Low Return High INCLX % Rank
Corporate 		98.53% 0.00% 100.00% 9.54%
Cash & Equivalents 		5.56% 0.00% 48.02% 23.97%
Securitized 		0.04% 0.00% 97.24% 41.78%
Derivative 		0.00% -14.58% 42.26% 54.02%
Municipal 		0.00% 0.00% 1.17% 42.27%
Government 		0.00% 0.00% 99.07% 58.72%

Bond Geographic Breakdown

Weighting Return Low Return High INCLX % Rank
US 		98.25% 0.00% 126.57% 8.05%
Non US 		0.00% 0.00% 96.91% 64.86%

INCLX - Expenses

Operational Fees

INCLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% 0.02% 38.33% 14.26%
Management Fee 0.55% 0.00% 1.75% 46.48%
12b-1 Fee 1.00% 0.00% 1.00% 87.04%
Administrative Fee N/A 0.00% 0.50% 3.21%

Sales Fees

INCLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 45.57%

Trading Fees

INCLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

INCLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 1.00% 255.00% 10.95%

INCLX - Distributions

Dividend Yield Analysis

INCLX Category Low Category High INCLX % Rank
Dividend Yield 5.35% 0.00% 11.76% 83.85%

Dividend Distribution Analysis

INCLX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

INCLX Category Low Category High INCLX % Rank
Net Income Ratio 3.37% -2.39% 9.30% 88.29%

Capital Gain Distribution Analysis

INCLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

INCLX - Fund Manager Analysis

Managers

Benjamin Miller

Start Date

Tenure

Tenure Rank

Aug 01, 2006

15.84

15.8%

Ben Miller, CFA, is co-head of US high yield and a senior portfolio manager responsible for US and global high yield portfolio management. Prior to his current role, Ben held various investment responsibilities ranging from private placement analyst to public fixed income research analyst. He has been in the industry since and started with the firm and its affiliates in 1993. Ben received his BA from the University of Northern Iowa and his MBA from the University of Iowa. He is a CFA® charterholder.

Kevin Bakker

Start Date

Tenure

Tenure Rank

May 31, 2007

15.01

15.0%

Kevin Bakker, CFA, is co-head of US high yield and a senior portfolio manager responsible for US and global high yield portfolio management. Prior to his current role, he was a public fixed income research analyst covering high yield and investment grade corporate securities. Prior to joining the firm, Kevin was employed by Archer Daniels Midland in various roles within their commodities trading division. He has been in the industry since and started with the firm in 2003. Kevin received his BA from Loras College and his MBA from the University of Iowa. He is a CFA® charterholder.

James Schaeffer

Start Date

Tenure

Tenure Rank

Mar 31, 2011

11.18

11.2%

Jim Schaeffer is global head of leveraged finance and serves as a portfolio manager for the various leveraged finance strategies. He is also responsible for stressed and special situation securities, and all restructuring and bankruptcy situations for the firm. In addition, he is a member of the Aegon Asset Management Steering Committee that sets global macro and asset allocation strategies (global macro views) and has responsibility for implementation of those views in the US. Prior to his current role, Jim served as a vice president at PPM America’s Distressed Debt and Workout group.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.31 8.17

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