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Trending ETFs

Transamerica Short-Term Bond

mutual fund
ITACX
Payout Change
Pending
Price as of:
$9.98 -0.01 -0.1%
primary theme
U.S. Short-Term Bond Duration
share class
C (ITACX) I (TSTIX) R6 (TASTX) A (ITAAX)
ITACX (Mutual Fund)

Transamerica Short-Term Bond

Payout Change
Pending
Price as of:
$9.98 -0.01 -0.1%
primary theme
U.S. Short-Term Bond Duration
share class
C (ITACX) I (TSTIX) R6 (TASTX) A (ITAAX)
ITACX (Mutual Fund)

Transamerica Short-Term Bond

Payout Change
Pending
Price as of:
$9.98 -0.01 -0.1%
primary theme
U.S. Short-Term Bond Duration
share class
C (ITACX) I (TSTIX) R6 (TASTX) A (ITAAX)

Name

As of 12/09/2024

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 Short-Term Bond

ITACX | Fund

$9.98

$3.03 B

3.23%

$0.32

1.50%

Vitals

YTD Return

4.2%

1 yr return

5.3%

3 Yr Avg Return

1.3%

5 Yr Avg Return

1.1%

Net Assets

$3.03 B

Holdings in Top 10

9.2%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.50%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 44.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/09/2024

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 Short-Term Bond

ITACX | Fund

$9.98

$3.03 B

3.23%

$0.32

1.50%

ITACX - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.51%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Transamerica Short-Term Bond
  • Fund Family Name
    Transamerica
  • Inception Date
    Dec 12, 2022
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Doug Weih

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 fixed-income securities. The fund’s portfolio weighted average duration will typically range from 1 to 2.5 years. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates.Securities in which the fund may invest include:•corporate debt securities of U.S. issuers;•debt securities of foreign issuers that are denominated in U.S. dollars, including foreign corporate issuers and foreign governments;•obligations issued or guaranteed by the U.S. government, its agencies and instrumentalities;•asset-backed securities and mortgage-backed securities, including commercial mortgage-backed securities;•dollar rolls; and•bank loans.The fund expects to typically invest no more than 10% of its net assets, but may invest up to 20% of its net assets, in high-yield debt securities (commonly known as “junk bonds”). 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 fund’s sub-adviser). The fund may invest 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.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 government debt, and other debt instruments. In the sub-adviser’s “top-down” approach, the sub-adviser analyzes various fundamental, technical, sentiment and valuation factors that affect the movement of markets and securities prices worldwide. In its proprietary “bottom-up” research, the sub-adviser considers various fundamental and other factors, such as creditworthiness, capital structure, covenants, cash flows and, as applicable, collateral. 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 corporate debt securities of U.S. issuers, debt securities of foreign issuers that are denominated in U.S. dollars (including foreign corporate issuers and foreign governments), emerging markets debt securities, certain asset-backed securities, private residential mortgage-backed securities, commercial mortgage-backed securities, 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, obligations issued or guaranteed by the U.S. government, its agencies and instrumentalities, mortgage-backed securities guaranteed by U.S. government agencies and instrumentalities, dollar rolls, certain bank loans, bank obligations, savings association obligations, derivatives, repurchase agreements, asset-backed commercial paper, cash, certain cash equivalent securities 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 may, but is not required to, engage in certain investment strategies involving derivatives, such as options, futures (including regularly employing interest rate futures), forward currency contracts and swaps, including, but not limited to, interest rate and total return swaps. These investment strategies may be employed as a hedging technique, as a means of altering investment characteristics of the fund’s portfolio (such as shortening or lengthening duration), in an attempt to enhance returns or for other purposes.The fund may purchase securities on a when-issued, delayed delivery, to be announced or forward commitment basis.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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ITACX - Performance

Return Ranking - Trailing

Period ITACX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% 1.1% 19.9% 85.80%
1 Yr 5.3% 2.6% 21.5% 91.17%
3 Yr 1.3%* -4.9% 6.1% 71.21%
5 Yr 1.1%* -3.7% 5.8% 86.21%
10 Yr 1.2%* -18.6% 170.6% 83.67%

* Annualized

Return Ranking - Calendar

Period ITACX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -1.6% 7.6% 51.15%
2022 -5.4% -17.7% -2.6% 17.61%
2021 -1.3% -4.0% 4.4% 20.72%
2020 1.3% -7.1% 7.6% 74.69%
2019 2.5% -2.3% 9.3% 27.66%

Total Return Ranking - Trailing

Period ITACX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% 1.1% 19.9% 85.80%
1 Yr 5.3% 2.6% 21.5% 91.17%
3 Yr 1.3%* -4.9% 6.1% 71.21%
5 Yr 1.1%* -3.7% 5.8% 86.21%
10 Yr 1.2%* -18.6% 170.6% 83.67%

* Annualized

Total Return Ranking - Calendar

Period ITACX Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% 1.8% 15.2% 80.77%
2022 -4.4% -17.3% -1.3% 37.38%
2021 -0.7% -2.7% 7.7% 76.86%
2020 2.6% -2.4% 14.5% 92.39%
2019 4.5% 0.6% 12.6% 57.66%

NAV & Total Return History

ITACX - Holdings

Concentration Analysis

ITACX Category Low Category High ITACX % Rank
Net Assets 3.03 B 14.5 K 57.3 B 26.25%
Number of Holdings 351 2 8314 59.39%
Net Assets in Top 10 292 M 1.05 M 6.81 B 46.17%
Weighting of Top 10 9.24% 2.0% 108.1% 91.00%

Top 10 Holdings

  1. U.S. Treasury Bills 1.25%
  2. FIXED INC CLEARING CORP.REPO 1.18%
  3. Wells Fargo Co. 1.04%
  4. U.S. Treasury Notes 0.98%
  5. GXO Logistics, Inc. 0.85%
  6. Bank of America Corp. 0.83%
  7. Barclays PLC 0.83%
  8. Citigroup, Inc. 0.80%
  9. Infor, Inc. 0.78%
  10. WEC Energy Group, Inc. 0.70%

Asset Allocation

Weighting Return Low Return High ITACX % Rank
Bonds 		86.48% 0.00% 131.65% 49.62%
Other 		11.61% -0.97% 73.75% 41.00%
Convertible Bonds 		3.84% 0.00% 27.71% 30.90%
Cash 		1.92% -20.59% 68.64% 56.32%
Stocks 		0.00% 0.00% 99.96% 50.77%
Preferred Stocks 		0.00% 0.00% 24.12% 49.62%

Bond Sector Breakdown

Weighting Return Low Return High ITACX % Rank
Corporate 		58.25% 0.00% 99.82% 21.69%
Securitized 		27.83% 0.00% 97.27% 38.20%
Government 		12.39% 0.00% 73.63% 63.92%
Cash & Equivalents 		1.49% 0.00% 68.64% 57.66%
Derivative 		0.04% -0.72% 25.70% 28.35%
Municipal 		0.00% 0.00% 14.41% 71.02%

Bond Geographic Breakdown

Weighting Return Low Return High ITACX % Rank
US 		86.48% 0.00% 126.86% 47.70%
Non US 		0.00% 0.00% 87.70% 48.08%

ITACX - Expenses

Operational Fees

ITACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.50% 0.01% 3.29% 7.88%
Management Fee 0.37% 0.00% 1.19% 65.90%
12b-1 Fee 1.00% 0.00% 1.00% 88.76%
Administrative Fee N/A 0.01% 0.41% 5.72%

Sales Fees

ITACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.50% 4.00% 33.93%

Trading Fees

ITACX 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.

ITACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 44.00% 2.00% 500.00% 24.68%

ITACX - Distributions

Dividend Yield Analysis

ITACX Category Low Category High ITACX % Rank
Dividend Yield 3.23% 0.00% 11.11% 89.46%

Dividend Distribution Analysis

ITACX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

ITACX Category Low Category High ITACX % Rank
Net Income Ratio 0.51% -1.27% 4.98% 83.04%

Capital Gain Distribution Analysis

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

Distributions History

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ITACX - Fund Manager Analysis

Managers

Doug Weih

Start Date

Tenure

Tenure Rank

Mar 22, 2011

11.2

11.2%

Doug Weih, CFA, is global co-head of core fixed income and a portfolio manager responsible for a broad range of multi-sector strategies and the oversight of the US client investment solutions and insurance team. 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.

Brian Westhoff

Start Date

Tenure

Tenure Rank

Mar 01, 2016

6.25

6.3%

Brian Westhoff, CFA, is the head of multi-sector portfolio management responsible for portfolio management of multi-sector and Emerging Market Debt strategies. Prior to his current role, he worked as a fixed income investment analyst at St. Paul Companies. He also held roles in equity research with Credit Suisse Asset Management in London and Merrill Lynch in Argentina. Brian has been in the industry since 1997 and started with the firm and its affiliates in 2003. He received his BS in business administration from Drake University and his MBA from the Thunderbird School of Global Management.

Tyler Knight

Start Date

Tenure

Tenure Rank

May 24, 2017

5.02

5.0%

Tyler Knight, CFA, is head of US public structured finance responsible for the overall strategy and portfolio management of structured finance-related strategies as well as leading a team of US structured finance investment managers. He is also a portfolio manager for multi-sector strategies. Prior to his current role, he structured CMBS transactions and supported CMBS trading on the Bear Stearns trading desk. Tyler also supported transaction closing deal teams in the Structured Finance Advisory Services group at Ernst & Young LLP. He has been in the industry since 2004 and started with the firm in 2008. Tyler received his BBA in finance from the University of Iowa. He is a CFA® charterholder.

Norbert King

Start Date

Tenure

Tenure Rank

May 24, 2017

5.02

5.0%

Norbert King is a senior portfolio manager responsible for the portfolio management of Investment Grade Credit strategies and multi-sector portfolios. Prior to his current role, Norbert was an investment grade credit trader responsible for trading across all investment grade credit and multi-sector mandates. He has been in the industry since and started with the firm and its affiliates in 2011. Norbert received his BA in accounting from the University of Lynchburg and an MBA with a concentration in finance from Villanova University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.16 2.41

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