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Transamerica High Yield ESG
mutual fund
TAJEX
Payout Change
Pending
Price as of:
$8.81
+0.0
+0.0%
primary theme
High Yield Bond
share class
TAJEX (Mutual Fund)
Transamerica High Yield ESG
Payout Change
Pending
Price as of:
$8.81
+0.0
+0.0%
primary theme
High Yield Bond
share class
TAJEX (Mutual Fund)
Transamerica High Yield ESG
Payout Change
Pending
Price as of:
$8.81
+0.0
+0.0%
primary theme
High Yield Bond
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
5.7%
1 yr return
5.9%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$61.3 M
Holdings in Top 10
18.1%
52 WEEK LOW AND HIGH
$8.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.01%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 37.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
$1,000,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
TAJEX - Profile
Distributions
- YTD Total Return 5.7%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.29%
- Dividend Yield 6.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameTransamerica High Yield ESG
-
Fund Family NameTransamerica
-
Inception DateJul 31, 2020
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBenjamin 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 securities. The sub-adviser focuses on investments that the sub-adviser views as having a favorable environmental, social and governance (“ESG”) profile based on the sub-adviser’s internal ESG evaluation process. The fund normally invests primarily in U.S. securities.High yield securities (commonly known as “junk” bonds) are high-risk debt securities rated, at the time of investment, 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. Normally, the high yield securities in which the fund invests are primarily corporate bonds.The sub-adviser identifies potential investments based on a number of fundamental and ESG considerations. The ESG considerations are evaluated as part of the sub-adviser’s fundamental research process. This process categorizes issuers into one of five ESG categories and is designed to enable the sub-adviser to identifyinvestments with favorable or lower risk ESG characteristics in the view of the sub-adviser. The sub-adviser invests the significant majority of the fund in the top three ESG categories as defined below. In addition, the sub-adviser minimizes exposure to companies considered by the sub-adviser as having less favorable ESG qualities(category four)andrestricts investments in companies judged by the sub-adviser as having the highest financially material ESG risks(category five).Category one includes companies viewed by the sub-adviser as having fundamentals that are positively affected by effective ESG practices. Category two companies are judged by the sub-adviser to have fundamentally low exposure to ESG risks or the presence of factors that mitigate ESG risks. Category three companies are those, in the view of the sub-adviser, with ESG risk exposures that could negatively affect fundamentals, but the effect is not measurable and the timing is uncertain. Category four companies are those which the sub-adviser views as having ESG risks resulting in negative pressure on fundamentals, but having a limited impact on its credit rating. Category five includes companies that, in the sub-adviser’s view, have ESG factors resulting in a negative material effect on fundamentals that may or may not be currently reflected in its credit rating.The fund’s investment universe consists of companies classified by the sub-adviser within categories one through four with the fund’s investments generally predominantly falling in categories one through three.When assessing a company’s ESG practices as part of the fundamental research and ESG categorization process, the sub-adviser may take into account a number of ESG considerations of an environmental, social or governance nature. Environmental considerations may include, but are not limited to, climate change and carbon emissions, energy efficiency, waste and pollution, water use and conservation, deforestation, natural resource use and renewable energy. Social considerations may include, but are not limited to, human rights and labor standards, product safety and liability, workplace safety, workplace benefits, employee relations, diversity/inclusion policies, data protection and privacy, community involvement, nutrition and health, and supply chain sourcing. Governance considerations may include, but are not limited to, board independence, board diversity, anti-corruption policies, shareholder rights, compensation structures, corporate political contributions and corporate behavior.The sub-adviser’s research-intensive process uses a combination of a global “top-down” analysis of the macroeconomic and interest rate environment and proprietary “bottom-up” research of corporate 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 it 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 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, 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.All investments by the fund, with the exception of cash and certain cash equivalents (including asset-backed commercial paper), repurchase agreements and money market instruments, are subject to the sub-adviser's ESG assessment framework.
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TAJEX - Performance
Return Ranking - Trailing
| Period | TAJEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.7% | -8.8% | 17.7% | 86.80% |
| 1 Yr | 5.9% | -9.2% | 18.4% | 89.27% |
| 3 Yr | N/A* | -14.6% | 21.0% | N/A |
| 5 Yr | N/A* | -12.0% | 36.6% | N/A |
| 10 Yr | N/A* | -4.8% | 20.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | TAJEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -4.7% | 14.3% | N/A |
| 2022 | N/A | -33.4% | 3.6% | N/A |
| 2021 | N/A | -8.4% | 8.2% | N/A |
| 2020 | N/A | -13.2% | 302.7% | N/A |
| 2019 | N/A | -4.4% | 13.3% | N/A |
Total Return Ranking - Trailing
| Period | TAJEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.7% | -8.8% | 17.7% | 86.80% |
| 1 Yr | 5.9% | -9.2% | 18.4% | 89.27% |
| 3 Yr | N/A* | -14.6% | 21.0% | N/A |
| 5 Yr | N/A* | -12.0% | 36.6% | N/A |
| 10 Yr | N/A* | -4.8% | 20.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | TAJEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -4.7% | 18.7% | N/A |
| 2022 | N/A | -33.4% | 47.8% | N/A |
| 2021 | N/A | -8.4% | 12.4% | N/A |
| 2020 | N/A | -9.6% | 325.6% | N/A |
| 2019 | N/A | -3.8% | 21.6% | N/A |
NAV & Total Return History
TAJEX - Holdings
Concentration Analysis
| TAJEX | Category Low | Category High | TAJEX % Rank | |
|---|---|---|---|---|
| Net Assets | 61.3 M | 3.13 M | 25.3 B | 90.49% |
| Number of Holdings | 218 | 2 | 3879 | 75.12% |
| Net Assets in Top 10 | 9.05 M | -492 M | 5.25 B | 90.44% |
| Weighting of Top 10 | 18.11% | 4.2% | 146.0% | 25.21% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 3.82%
- FIXED INC CLEARING CORP.REPO 2.51%
- Century Communities, Inc. 2.36%
- Pattern Energy Operations LP/Pattern Energy Operations, Inc. 1.88%
- Western Digital Corp. 1.35%
- Iron Mountain, Inc. 1.34%
- Clearway Energy Operating LLC 1.26%
- Advanced Drainage Systems, Inc. 1.22%
- Vmed O2 UK Financing I PLC 1.19%
- Enviri Corp. 1.18%
Asset Allocation
| Weighting | Return Low | Return High | TAJEX % Rank | |
|---|---|---|---|---|
| Bonds | 96.76% | 0.00% | 145.36% | 31.80% |
| Cash | 3.82% | -52.00% | 48.02% | 46.13% |
| Other | 2.51% | -39.08% | 99.86% | 5.77% |
| Convertible Bonds | 1.03% | 0.00% | 17.89% | 51.89% |
| Stocks | 0.00% | 0.00% | 97.54% | 84.26% |
| Preferred Stocks | 0.00% | 0.00% | 4.97% | 71.99% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TAJEX % Rank | |
|---|---|---|---|---|
| Corporate | 96.02% | 0.00% | 100.00% | 43.07% |
| Cash & Equivalents | 3.82% | 0.00% | 48.02% | 39.04% |
| Derivative | 0.00% | -14.58% | 42.26% | 59.31% |
| Securitized | 0.00% | 0.00% | 97.24% | 74.26% |
| Municipal | 0.00% | 0.00% | 1.17% | 53.63% |
| Government | 0.00% | 0.00% | 99.07% | 66.67% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TAJEX % Rank | |
|---|---|---|---|---|
| US | 96.76% | 0.00% | 126.57% | 24.22% |
| Non US | 0.00% | 0.00% | 96.91% | 66.56% |
TAJEX - Expenses
Operational Fees
| TAJEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.01% | 0.02% | 38.33% | 46.71% |
| Management Fee | 0.55% | 0.00% | 1.75% | 46.96% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| TAJEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| TAJEX 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.
| TAJEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 37.00% | 1.00% | 255.00% | 11.15% |
TAJEX - Distributions
Dividend Yield Analysis
| TAJEX | Category Low | Category High | TAJEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.23% | 0.00% | 11.76% | 66.94% |
Dividend Distribution Analysis
| TAJEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| TAJEX | Category Low | Category High | TAJEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.29% | -2.39% | 9.30% | 89.60% |
Capital Gain Distribution Analysis
| TAJEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.046 | OrdinaryDividend |
| Oct 31, 2024 | $0.050 | OrdinaryDividend |
| Sep 30, 2024 | $0.050 | OrdinaryDividend |
| Aug 30, 2024 | $0.048 | OrdinaryDividend |
| Jul 31, 2024 | $0.054 | OrdinaryDividend |
| Apr 30, 2024 | $0.050 | OrdinaryDividend |
| Mar 28, 2024 | $0.043 | OrdinaryDividend |
| Feb 29, 2024 | $0.043 | OrdinaryDividend |
| Jan 31, 2024 | $0.049 | OrdinaryDividend |
| Dec 29, 2023 | $0.045 | OrdinaryDividend |
| Nov 30, 2023 | $0.044 | OrdinaryDividend |
| Oct 31, 2023 | $0.049 | OrdinaryDividend |
| Sep 29, 2023 | $0.042 | OrdinaryDividend |
| Aug 31, 2023 | $0.046 | OrdinaryDividend |
| Jul 31, 2023 | $0.044 | OrdinaryDividend |
| Jun 30, 2023 | $0.042 | OrdinaryDividend |
| May 31, 2023 | $0.045 | OrdinaryDividend |
| Apr 28, 2023 | $0.040 | OrdinaryDividend |
| Mar 31, 2023 | $0.046 | OrdinaryDividend |
| Feb 28, 2023 | $0.039 | OrdinaryDividend |
| Jan 31, 2023 | $0.045 | OrdinaryDividend |
| Dec 30, 2022 | $0.042 | OrdinaryDividend |
| Nov 30, 2022 | $0.040 | OrdinaryDividend |
| Oct 31, 2022 | $0.041 | OrdinaryDividend |
| Sep 30, 2022 | $0.033 | OrdinaryDividend |
| Aug 31, 2022 | $0.037 | OrdinaryDividend |
| Jul 29, 2022 | $0.033 | OrdinaryDividend |
| Jun 30, 2022 | $0.033 | OrdinaryDividend |
| May 31, 2022 | $0.035 | OrdinaryDividend |
| Apr 29, 2022 | $0.030 | OrdinaryDividend |
| Mar 31, 2022 | $0.034 | OrdinaryDividend |
| Feb 28, 2022 | $0.029 | OrdinaryDividend |
| Jan 31, 2022 | $0.032 | OrdinaryDividend |
| Dec 31, 2021 | $0.033 | OrdinaryDividend |
| Dec 21, 2021 | $0.020 | CapitalGainShortTerm |
| Nov 30, 2021 | $0.031 | OrdinaryDividend |
| Oct 29, 2021 | $0.031 | OrdinaryDividend |
| Sep 30, 2021 | $0.030 | OrdinaryDividend |
| Aug 31, 2021 | $0.032 | OrdinaryDividend |
| Jul 30, 2021 | $0.031 | OrdinaryDividend |
| Jun 30, 2021 | $0.034 | OrdinaryDividend |
| May 28, 2021 | $0.029 | OrdinaryDividend |
| Apr 30, 2021 | $0.032 | OrdinaryDividend |
| Mar 31, 2021 | $0.034 | OrdinaryDividend |
| Feb 26, 2021 | $0.029 | OrdinaryDividend |
| Jan 29, 2021 | $0.029 | OrdinaryDividend |
| Dec 31, 2020 | $0.033 | OrdinaryDividend |
| Nov 30, 2020 | $0.032 | OrdinaryDividend |
| Oct 30, 2020 | $0.032 | OrdinaryDividend |
| Sep 30, 2020 | $0.031 | OrdinaryDividend |
| Aug 31, 2020 | $0.029 | OrdinaryDividend |
TAJEX - Fund Manager Analysis
Managers
Benjamin Miller
Start Date
Tenure
Tenure Rank
Jun 30, 2020
1.92
1.9%
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
Jun 30, 2020
1.92
1.9%
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
Jun 30, 2020
1.92
1.9%
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 |
