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Transamerica Balanced II
mutual fund
TBLRX
Payout Change
Pending
Price as of:
$11.92
-1.46
-10.91%
primary theme
U.S. Balanced Allocation
share class
TBLRX (Mutual Fund)
Transamerica Balanced II
Payout Change
Pending
Price as of:
$11.92
-1.46
-10.91%
primary theme
U.S. Balanced Allocation
share class
TBLRX (Mutual Fund)
Transamerica Balanced II
Payout Change
Pending
Price as of:
$11.92
-1.46
-10.91%
primary theme
U.S. Balanced Allocation
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
14.5%
1 yr return
14.7%
3 Yr Avg Return
4.3%
5 Yr Avg Return
8.6%
Net Assets
$112 M
Holdings in Top 10
23.8%
52 WEEK LOW AND HIGH
$13.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 37.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
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
TBLRX - Profile
Distributions
- YTD Total Return 14.5%
- 3 Yr Annualized Total Return 4.3%
- 5 Yr Annualized Total Return 8.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.55%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameTransamerica Balanced II
-
Fund Family NameTransamerica
-
Inception DateJul 05, 1994
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRaffaele Zingone
Fund Description
Under normal circumstances, the fund invests approximately 60% of its net assets in equity securities and approximately 40% of its net assets in fixed-income securities (investing at least 25% of its net assets in fixed-income senior securities).The fund has two sub-advisers. J.P. Morgan Investment Management Inc. (the “equity sub-adviser”) manages the equity component of the fund and Aegon USA Investment Management, LLC (the “fixed-income sub-adviser”) manages the fixed-income component of the fund. Each sub-adviser varies the percentage of assets invested in any one type of security in accordance with its interpretation of economic and market conditions, fiscal and monetary policy, and underlying securities values. The fund’s investment manager, Transamerica Asset Management, Inc., monitors the allocation of the fund's assets between the equity sub-adviser and the fixed-income sub-adviser and rebalances the allocation periodically to maintain these approximate allocations.●Equity component – The equity sub-adviser seeks to achieve the fund's objective by investing, under normal circumstances, at least 80% of the equity component’s net assets in equity securities of large- and medium- capitalization U.S. companies. The fund may invest in foreign companies. The equity sub-adviser will normally keep the equity component as fully invested in equity securities as practicable. Industry by industry, the fund's weightings are generally similar to those of the S&P 500® Index. The equity sub-adviser normally does not look to overweight or underweight industries. Holdings by industry sector will normally approximate those of the S&P 500®Index. The equity sub-adviser may, but is not required to, use index futures to equitize cash in order to gain general equity market exposure.As part of its investment process, the equity sub-adviser seeks to assess the impact of environmental, social and governance (“ESG”) factors on many issuers in the universe in which the fund invests. The equity sub-adviser’s assessment is based on an analysis of key opportunities and risks across industries to seek to identify financially material issues with respect to the fund’s investments in securities and ascertain key issues that merit engagement with issuers. These assessments may not be conclusive and securities of issuers may be purchased and retained by the fund for reasons other than material ESG factors while the fund may divest or not invest in securities of issuers that may be positively impacted by such factors.●Fixed-income component – Under normal circumstances, the fixed-income component of the fund is invested primarily in investment grade debt securities, which may include: investment grade corporate debt securities, U.S. government obligations, mortgage-backed securities guaranteed by U.S. government agencies and instrumentalities, and private residential mortgage-backed securities. Investment grade debt securities carry a rating of at least BBB from Standard & Poor’s or Fitch or Baa from Moody’s or are of comparable quality as determined by the fixed-income sub-adviser. The fixed-income component’s portfolio weighted average duration will typically range from 3 to 10 years.The fixed-income sub-adviser may also invest the fund's assets in U.S. Treasury and agency securities, municipal bonds, asset-backed securities (including collateralized loan obligations (“CLO”s), collateralized bond obligations (“CBO”s) and collateralized debt obligations (“CDO”s)), commercial mortgage-backed securities (“CMBS”), high quality short-term debt obligations and repurchase agreements. The fixed-income sub-adviser’s investments for the fund may include debt securities of foreign issuers, including emerging market debt securities. The fixed-income sub-adviser may invest the fund's assets in securities that are denominated in U.S. dollars and in foreign currencies.The fund may invest up to 10% of the fixed-income component’s net assets in emerging market debt securities and up to 10% of the fixed-income component’s net assets in high-yield debt securities (commonly referred to as “junk bonds”), but may invest no more than 15% of the fixed-income component’s net assets in emerging market debt securities and high-yield debt securities combined. The fixed-income 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. Junk bonds are high-risk debt securities rated below investment grade.In managing the fund’s fixed-income component, the fixed-income 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 fixed-income sub-adviser’s “top-down” approach, the fixed-income 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 fixed-income sub-adviser considers various fundamental and other factors, such as creditworthiness, capital structure, covenants, cash flows and, as applicable, collateral. The fixed-income sub-adviser uses this combined “top-down” and “bottom-up” approach to determine sector, security, yield curve positioning, and duration positions for the fixed-income component of the fund. The fixed-income sub-adviser’s research analysts also generally integrate ESG matters within their analytical process for investment grade corporate debt securities, private residential mortgage-backed securities, certain asset-backed securities (including CLOs, CBOs and CDOs), certain cash equivalents (including corporate commercial paper), foreign issuers (including emerging markets debt securities) denominated in U.S. dollars and in foreign currencies and privately issued debt securities issued pursuant to Rule 144A or Regulation S 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 fixed-income sub-adviser’s research analysts typically do not consider ESG factors when analyzing other investments, including, but not limited to, investments in U.S. government obligations, U.S. Treasury and agency securities, municipal bonds, repurchase agreements, derivatives, asset-backed commercial paper, cash, certain cash equivalent securities and money market instruments. Consideration of ESG matters is subjective and not determinative in the fixed-income sub-adviser’s investment process. The fixed-income sub-adviser may conclude that other attributes of an investment outweigh ESG considerations when making investment decisions. The fixed-income 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, forward currency contracts and swaps, including, but not limited to, interest rate, total return and credit default 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 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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TBLRX - Performance
Return Ranking - Trailing
| Period | TBLRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.5% | -2.7% | 72.6% | 97.94% |
| 1 Yr | 14.7% | -1.8% | 67.6% | 98.53% |
| 3 Yr | 4.3%* | -5.1% | 20.7% | 92.19% |
| 5 Yr | 8.6%* | -3.8% | 21.1% | 57.12% |
| 10 Yr | N/A* | 0.7% | 13.6% | 18.87% |
* Annualized
Return Ranking - Calendar
| Period | TBLRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.3% | -12.2% | 23.9% | 9.59% |
| 2022 | -20.9% | -34.7% | 2.8% | 78.41% |
| 2021 | 6.5% | -11.9% | 18.1% | 41.42% |
| 2020 | 9.9% | -20.9% | 39.7% | 31.23% |
| 2019 | 17.0% | 0.8% | 25.7% | 13.50% |
Total Return Ranking - Trailing
| Period | TBLRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.5% | -2.7% | 72.6% | 97.94% |
| 1 Yr | 14.7% | -1.8% | 67.6% | 98.53% |
| 3 Yr | 4.3%* | -5.1% | 20.7% | 92.19% |
| 5 Yr | 8.6%* | -3.8% | 21.1% | 57.12% |
| 10 Yr | N/A* | 0.7% | 13.6% | 16.97% |
* Annualized
Total Return Ranking - Calendar
| Period | TBLRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.2% | -12.2% | 26.8% | 9.73% |
| 2022 | -16.5% | -29.0% | 10.9% | 79.76% |
| 2021 | 16.5% | -3.0% | 27.3% | 14.68% |
| 2020 | 15.1% | -19.5% | 40.6% | 28.48% |
| 2019 | 21.3% | 2.2% | 32.7% | 26.17% |
NAV & Total Return History
TBLRX - Holdings
Concentration Analysis
| TBLRX | Category Low | Category High | TBLRX % Rank | |
|---|---|---|---|---|
| Net Assets | 112 M | 861 K | 235 B | 83.02% |
| Number of Holdings | 554 | 2 | 16143 | 21.53% |
| Net Assets in Top 10 | 27 M | 859 K | 66.9 B | 87.61% |
| Weighting of Top 10 | 23.84% | 10.8% | 122.7% | 84.96% |
Top 10 Holdings
- Microsoft Corp. 4.42%
- Apple, Inc. 4.30%
- NVIDIA Corp. 3.97%
- Amazon.com, Inc. 2.51%
- FIXED INC CLEARING CORP.REPO 1.67%
- Uniform Mortgage-Backed Security 1.58%
- Meta Platforms, Inc. 1.56%
- Uniform Mortgage-Backed Security 1.43%
- Alphabet, Inc. 1.30%
- Uniform Mortgage-Backed Security 1.11%
Asset Allocation
| Weighting | Return Low | Return High | TBLRX % Rank | |
|---|---|---|---|---|
| Stocks | 59.58% | 0.00% | 100.10% | 77.43% |
| Bonds | 36.76% | 0.00% | 77.71% | 16.67% |
| Cash | 8.46% | -7.92% | 100.00% | 8.70% |
| Other | 3.24% | -42.55% | 113.97% | 12.09% |
| Convertible Bonds | 0.38% | 0.00% | 23.84% | 69.54% |
| Preferred Stocks | 0.02% | 0.00% | 24.59% | 23.30% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TBLRX % Rank | |
|---|---|---|---|---|
| Technology | 24.18% | 0.00% | 44.21% | 13.11% |
| Healthcare | 14.38% | 0.00% | 29.35% | 35.47% |
| Financial Services | 13.89% | 0.00% | 38.77% | 64.08% |
| Consumer Cyclical | 11.61% | 0.00% | 19.36% | 19.97% |
| Communication Services | 8.45% | 0.00% | 38.10% | 22.35% |
| Industrials | 8.36% | 0.00% | 24.37% | 83.46% |
| Consumer Defense | 6.14% | 0.00% | 15.14% | 70.49% |
| Energy | 4.83% | 0.00% | 85.65% | 49.33% |
| Utilities | 3.02% | 0.00% | 99.55% | 45.01% |
| Real Estate | 2.68% | 0.00% | 65.01% | 66.02% |
| Basic Materials | 2.46% | 0.00% | 25.57% | 78.99% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TBLRX % Rank | |
|---|---|---|---|---|
| US | 59.58% | 0.00% | 100.10% | 71.09% |
| Non US | 0.00% | 0.00% | 42.80% | 97.49% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TBLRX % Rank | |
|---|---|---|---|---|
| Securitized | 31.01% | 0.00% | 92.13% | 12.33% |
| Corporate | 26.33% | 0.00% | 98.21% | 63.74% |
| Government | 23.02% | 0.00% | 97.26% | 64.49% |
| Cash & Equivalents | 8.46% | 0.00% | 99.92% | 7.52% |
| Derivative | 0.00% | -4.58% | 41.29% | 20.35% |
| Municipal | 0.00% | 0.00% | 24.80% | 97.77% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TBLRX % Rank | |
|---|---|---|---|---|
| US | 36.76% | 0.00% | 77.71% | 13.72% |
| Non US | 0.00% | 0.00% | 15.37% | 97.05% |
TBLRX - Expenses
Operational Fees
| TBLRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.09% | 0.03% | 27.98% | 42.67% |
| Management Fee | 0.48% | 0.00% | 1.83% | 54.90% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 70.43% |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| TBLRX 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
| TBLRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 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.
| TBLRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 37.00% | 0.83% | 343.00% | 47.16% |
TBLRX - Distributions
Dividend Yield Analysis
| TBLRX | Category Low | Category High | TBLRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.47% | 0.00% | 17.90% | 25.04% |
Dividend Distribution Analysis
| TBLRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| TBLRX | Category Low | Category High | TBLRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.55% | -2.34% | 13.92% | 79.13% |
Capital Gain Distribution Analysis
| TBLRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Semi-Monthly |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.049 | OrdinaryDividend |
| Mar 21, 2024 | $0.044 | OrdinaryDividend |
| Dec 21, 2023 | $0.056 | OrdinaryDividend |
| Dec 21, 2023 | $0.220 | CapitalGainLongTerm |
| Sep 25, 2023 | $0.043 | OrdinaryDividend |
| Jun 26, 2023 | $0.036 | OrdinaryDividend |
| Mar 27, 2023 | $0.035 | OrdinaryDividend |
| Dec 21, 2022 | $0.508 | OrdinaryDividend |
| Sep 27, 2022 | $0.029 | OrdinaryDividend |
| Jun 24, 2022 | $0.025 | OrdinaryDividend |
| Mar 25, 2022 | $0.023 | OrdinaryDividend |
| Dec 21, 2021 | $1.140 | OrdinaryDividend |
| Sep 27, 2021 | $0.016 | OrdinaryDividend |
| Jun 25, 2021 | $0.015 | OrdinaryDividend |
| Mar 26, 2021 | $0.021 | OrdinaryDividend |
| Dec 21, 2020 | $0.480 | OrdinaryDividend |
| Sep 25, 2020 | $0.024 | OrdinaryDividend |
| Jun 24, 2020 | $0.027 | OrdinaryDividend |
| Mar 25, 2020 | $0.030 | OrdinaryDividend |
| Dec 19, 2019 | $0.033 | OrdinaryDividend |
| Dec 19, 2019 | $0.041 | CapitalGainShortTerm |
| Dec 19, 2019 | $0.227 | CapitalGainLongTerm |
| Sep 25, 2019 | $0.032 | OrdinaryDividend |
| Jun 25, 2019 | $0.035 | OrdinaryDividend |
| Mar 25, 2019 | $0.034 | OrdinaryDividend |
| Dec 19, 2018 | $0.050 | OrdinaryDividend |
| Dec 19, 2018 | $0.290 | CapitalGainLongTerm |
| Sep 25, 2018 | $0.032 | OrdinaryDividend |
| Jun 26, 2018 | $0.031 | OrdinaryDividend |
| Mar 26, 2018 | $0.025 | OrdinaryDividend |
| Dec 20, 2017 | $0.029 | OrdinaryDividend |
| Dec 20, 2017 | $0.043 | CapitalGainLongTerm |
TBLRX - Fund Manager Analysis
Managers
Raffaele Zingone
Start Date
Tenure
Tenure Rank
Jul 09, 2010
11.9
11.9%
Raffaele Zingone, managing director, is a portfolio manager on the U.S. Disciplined Equity Team. An employee since 1991, Ralph is responsible for the Research Enhanced Index (REI) strategies. Prior to this role, he was a research analyst following the aerospace, environmental, and diversified manufacturing sectors. Upon joining the firm, he was a quantitative equity analyst and later served as a U.S. Equity portfolio manager in London and New York. Ralph received his B.A. in mathematics and economics from the College of the Holy Cross and his M.B.A. in finance from New York University. He is a CFA charterholder.
Timothy Snyder
Start Date
Tenure
Tenure Rank
May 01, 2013
9.09
9.1%
Tim Snyder, executive director of J.P. Morgan Investment Management Inc., is a portfolio manager on the U.S. Disciplined Equity Team. An employee since 2003, his responsibilities include managing Research Enhanced Index (REI) strategies. Tim joined the portfolio management team in 2004 as an analyst and worked on the daily implementation and maintenance of the REI and Analyst Fund portfolios. He holds a B.S. in finance and economics from the University of Delaware and is a holder of the CFA and CMT designations.
Brian Westhoff
Start Date
Tenure
Tenure Rank
May 01, 2014
8.09
8.1%
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.
Bradley Doyle
Start Date
Tenure
Tenure Rank
Oct 01, 2015
6.67
6.7%
Brad Doyle, CFA, is head of investment grade credit and a portfolio manager responsible for the portfolio management of Investment Grade Credit strategies, multi-sector portfolios and Sustainable Fixed Income strategy. Prior to his current role, Brad served as a senior corporate bond trader and portfolio manager for Strong Capital Management. He has been in the industry since 1994 and started with the firm in 2004. Brad received his BA in accounting from the University of North Dakota. He is a CFA® charterholder.
Tyler Knight
Start Date
Tenure
Tenure Rank
Oct 01, 2015
6.67
6.7%
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.
Sivakumar Rajan
Start Date
Tenure
Tenure Rank
May 31, 2017
5.0
5.0%
Siva Rajan is a senior portfolio manager responsible for the portfolio management of Investment Grade Credit strategies and multi-sector strategies. Siva is also responsible for implementing consistent investment themes and rate calls across multi-sector mandates. Prior to his current role, Siva held various roles in the portfolio management and quantitative solutions teams. Before to joining the firm, Siva was a credit analyst at HSBC, and prior to that he was an engineering associate. He has been in the industry since 2004 and started with the firm in 2007. Siva received his BE in electronics engineering from Madras University, India, and his MS in electrical engineering and MA in economics from the University of Illinois at Chicago.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.39 | 2.41 |
