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Transamerica ClearTrack 2040
mutual fund
TCRTX
Payout Change
Pending
Price as of:
$7.64
+0.01
+0.13%
primary theme
Target-Date 2040
share class
TCRTX (Mutual Fund)
Transamerica ClearTrack 2040
Payout Change
Pending
Price as of:
$7.64
+0.01
+0.13%
primary theme
Target-Date 2040
share class
TCRTX (Mutual Fund)
Transamerica ClearTrack 2040
Payout Change
Pending
Price as of:
$7.64
+0.01
+0.13%
primary theme
Target-Date 2040
share class
Name
As of 11/27/2024Price
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
14.9%
1 yr return
21.1%
3 Yr Avg Return
3.7%
5 Yr Avg Return
8.0%
Net Assets
$55.6 M
Holdings in Top 10
76.0%
52 WEEK LOW AND HIGH
$7.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 6.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/27/2024Price
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
TCRTX - Profile
Distributions
- YTD Total Return 14.9%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return 8.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.57%
- Dividend Yield 1.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameTransamerica ClearTrack 2040
-
Fund Family NameTransamerica
-
Inception DateMar 02, 2015
-
Shares OutstandingN/A
-
Share ClassR1
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAnthony Wicklund
Fund Description
The fund is a fund of funds – it invests in a combination of actively managed Transamerica funds (“funds”) and index-based exchange-traded funds (“ETFs”) managed by unaffiliated investment advisers.The fund seeks to achieve its objectives by investing normally in a combination of underlying funds and ETFs representing a variety of broad asset classes – including fixed-income, domestic equity, foreign equity, and real estate – and investment styles and focuses. Underlying fixed-income funds and ETFs may include funds that invest primarily in investment grade fixed-income securities, TIPS, or in high yield, high risk fixed-income securities rated below investment grade (commonly known as “junk bonds”). Underlying fixed-income funds and ETFs may invest in U.S. and non-U.S. issuers, including corporate, mortgage- and asset-backed, government and emerging markets debt securities. Underlying equity funds and ETFs may include, but are not limited to, large cap funds, mid cap funds, small cap funds, growth-oriented funds, value-oriented funds, international equity funds, emerging market equity funds, real return funds and funds that invest in real estate-related securities, including REITs. The fund may also invest in inflation-hedging positions that fall under the broader asset categories listed above.The fund is designed for investors expecting to retire around 2040. The fund’s asset-mix has been designed on the expectation that investors will begin to withdraw assets from the fund during 2040 and assumes a retirement age of 65. The fund generally seeks to maintain a static target allocation (the “Target Allocation”) to asset classes in accordance with its glide path, as described below. The fund’s sub-adviser, Wilshire Advisors LLC (the “sub-adviser” or “Wilshire”), may periodically adjust target asset class allocations in accordance with its investment process and, in the view of Wilshire, to appropriately position the fund in response to changing market environments. However, Wilshire may tactically over-weight or underweight asset classes at any time during the glide path period. This means at any time the fund’s asset mix may differ from the Target Allocation.The fund’s current Target Allocation for domestic equity, foreign equity, fixed-income, and real estate is shown in the table below. Due to rounding, the sum of the allocations may not equal 100%.Asset ClassFixed-IncomeFundsDomesticEquityFundsForeignEquityFundsRealEstateFundsTransamerica ClearTrack 204021.2%48.3%26.6%3.9%It is not possible to predict the extent to which the fund will be invested in a particular underlying fund or ETF at any time. The fund may be a significant shareholder in certain underlying funds or ETFs.Each underlying fund and ETF has its own investment objective, principal investment strategies and investment risks. The sub-adviser for each underlying fund and adviser or sub-adviser for each underlying ETF decides which securities to purchase and sell for that underlying fund or ETF. The fund’s ability to achieve its investment objective depends largely on the performance of the underlying funds and ETFs.The “Underlying Funds” section of the prospectus lists the underlying Transamerica Funds currently available for investment by the fund, provides a summary of their respective investment objectives and principal investment strategies, and identifies certain risks of those funds.The investment manager may change the available underlying Transamerica Funds, and the sub-adviser may change the fund’s asset allocations and underlying funds and ETFs, at any time without notice to shareholders and without shareholder approval.Glide Path PeriodOver time, the Target Allocation to asset classes will normally change according to a predetermined “glide path.” The glide path represents the shifting of these asset classes over time. Rebalancing and de-risking of the glide path will generally occur annually. The glide path is detailed in the chart below (note that “0” represents the fund’s target date and that the fund is currently “-16” years before its target date):During the time that the fund’s Target Allocation tracks the glide path, the fund’s asset mix will gradually become more conservative until approximately 2040 at which time the Target Allocation will become static. This reflects the goal of pursuing the highest total return, consistent with a reasonable amount of risk, during the investor’s pre-retirement. By following these investment strategies both before and after the fund reaches its target date, the fund seeks to reduce the likelihood that an investor will experience a significant loss of capital at a more advanced age.The Target Allocation reflected in the glide path is a “neutral” allocation, which does not reflect tactical decisions made by Wilshire to overweight or underweight a particular asset class. From time to time, Wilshire may make tactical increases or decreases to the fund’s investment in a particular asset class beyond the TargetAllocation, based on a broad range of market and economic trends and quantitative factors. Wilshire may also allow the relative weightings of the fund’s investments in asset classes to vary from its Target Allocation in response to the markets. When varying exposures among underlying funds and/or ETFs, Wilshire will examine, among other things, relative values and prospects among the underlying funds’ and/or ETFs’ asset classes, as well as the capacity of the underlying funds and/or ETFs to absorb additional cash flow.Static Allocation PeriodThe fund’s Target Allocation will become static at the target date. At that time, when the fund’s Target Allocation will match the Target Allocation of Transamerica ClearTrack® Retirement Income (the “Retirement Fund”), the fund’s Board of Trustees may combine the fund with the Retirement Fund without shareholder approval, and the fund’s shareholders will become shareholders of the Retirement Fund. This combination would occur approximately in the year 2040. This combination is currently expected to be tax-free under current law. Shareholders will be provided with additional information at that time. The Retirement Fund’s Target Allocation is currently 59.8% fixed-income, 26.2% domestic equity, 11.9% foreign equity, and 2.1% real estate. Wilshire may tactically overweight or underweight asset classes in the fund during the Static Allocation Period and in the Retirement Fund at any time.
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TCRTX - Performance
Return Ranking - Trailing
| Period | TCRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.9% | 10.9% | 24.3% | 79.68% |
| 1 Yr | 21.1% | 16.4% | 27.1% | 74.33% |
| 3 Yr | 3.7%* | -0.1% | 7.5% | 84.95% |
| 5 Yr | 8.0%* | 5.7% | 10.8% | 87.88% |
| 10 Yr | N/A* | 5.4% | 9.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | TCRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.7% | 9.0% | 18.3% | 41.40% |
| 2022 | -59.9% | -60.3% | -15.8% | 99.46% |
| 2021 | 8.2% | -6.3% | 17.5% | 40.11% |
| 2020 | 11.1% | 3.3% | 14.9% | 45.45% |
| 2019 | 19.8% | 6.0% | 22.6% | 18.99% |
Total Return Ranking - Trailing
| Period | TCRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.9% | 10.9% | 24.3% | 79.68% |
| 1 Yr | 21.1% | 16.4% | 27.1% | 74.33% |
| 3 Yr | 3.7%* | -0.1% | 7.5% | 84.95% |
| 5 Yr | 8.0%* | 5.7% | 10.8% | 87.88% |
| 10 Yr | N/A* | 5.4% | 9.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | TCRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.3% | 11.9% | 37.9% | 74.19% |
| 2022 | -18.7% | -29.4% | -2.8% | 81.72% |
| 2021 | 14.8% | 8.3% | 22.1% | 81.36% |
| 2020 | 14.3% | 8.2% | 22.1% | 72.12% |
| 2019 | 22.5% | 19.6% | 40.1% | 87.34% |
NAV & Total Return History
TCRTX - Holdings
Concentration Analysis
| TCRTX | Category Low | Category High | TCRTX % Rank | |
|---|---|---|---|---|
| Net Assets | 55.6 M | 7.86 M | 82.6 B | 83.96% |
| Number of Holdings | 20 | 3 | 590 | 56.15% |
| Net Assets in Top 10 | 43.3 M | 7.3 M | 93.1 B | 83.96% |
| Weighting of Top 10 | 75.99% | 41.1% | 139.0% | 69.73% |
Top 10 Holdings
- iShares Core SP 500 ETF 23.35%
- iShares Core MSCI EAFE ETF 12.45%
- Transamerica Large Cap Value 8.18%
- Transamerica Bond 7.05%
- Transamerica US Growth 4.90%
- Transamerica International Stock 4.29%
- Transamerica International Focus 4.22%
- iShares Global REIT ETF 4.05%
- iShares Core U.S. Aggregate Bond ETF 4.02%
- iShares 0-5 Year TIPS Bond ETF 3.48%
Asset Allocation
| Weighting | Return Low | Return High | TCRTX % Rank | |
|---|---|---|---|---|
| Stocks | 99.21% | 0.00% | 100.08% | 59.89% |
| Other | 0.85% | -0.02% | 3.30% | 1.60% |
| Convertible Bonds | 0.20% | 0.00% | 0.98% | 37.97% |
| Preferred Stocks | 0.00% | 0.00% | 0.03% | 94.12% |
| Cash | 0.00% | 0.00% | 40.33% | 99.47% |
| Bonds | 0.00% | 0.00% | 16.22% | 94.12% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TCRTX % Rank | |
|---|---|---|---|---|
| Technology | 18.40% | 13.94% | 24.03% | 63.10% |
| Financial Services | 13.89% | 13.11% | 18.83% | 80.21% |
| Healthcare | 13.23% | 10.75% | 14.53% | 39.04% |
| Industrials | 10.83% | 9.02% | 12.29% | 39.04% |
| Consumer Cyclical | 9.94% | 8.05% | 13.32% | 92.51% |
| Real Estate | 8.03% | 1.87% | 10.11% | 26.74% |
| Communication Services | 6.93% | 5.69% | 10.24% | 64.71% |
| Consumer Defense | 6.58% | 4.68% | 11.06% | 62.03% |
| Energy | 4.94% | 2.33% | 6.31% | 21.39% |
| Basic Materials | 4.15% | 3.14% | 6.86% | 79.68% |
| Utilities | 3.08% | 1.90% | 8.13% | 12.83% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TCRTX % Rank | |
|---|---|---|---|---|
| US | 99.21% | 0.00% | 100.08% | 59.89% |
| Non US | 0.00% | 0.00% | 31.64% | 94.12% |
TCRTX - Expenses
Operational Fees
| TCRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.34% | 0.01% | 6.94% | 17.11% |
| Management Fee | 0.10% | 0.00% | 0.86% | 39.13% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 83.87% |
| Administrative Fee | N/A | 0.01% | 0.29% | 17.25% |
Sales Fees
| TCRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| TCRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| TCRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 6.00% | 2.00% | 112.00% | 7.69% |
TCRTX - Distributions
Dividend Yield Analysis
| TCRTX | Category Low | Category High | TCRTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.24% | 0.00% | 8.83% | 81.28% |
Dividend Distribution Analysis
| TCRTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| TCRTX | Category Low | Category High | TCRTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.57% | -0.21% | 4.18% | 86.81% |
Capital Gain Distribution Analysis
| TCRTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.094 | OrdinaryDividend |
| Dec 29, 2022 | $5.924 | OrdinaryDividend |
| Dec 30, 2021 | $0.881 | OrdinaryDividend |
| Dec 30, 2020 | $0.384 | OrdinaryDividend |
| Dec 30, 2019 | $0.150 | OrdinaryDividend |
| Dec 30, 2019 | $0.122 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.601 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.162 | OrdinaryDividend |
| Dec 22, 2017 | $0.052 | CapitalGainLongTerm |
| Dec 22, 2017 | $0.140 | OrdinaryDividend |
| Dec 23, 2016 | $0.125 | OrdinaryDividend |
| Dec 29, 2015 | $0.063 | OrdinaryDividend |
| Dec 29, 2015 | $0.000 | CapitalGainShortTerm |
TCRTX - Fund Manager Analysis
Managers
Anthony Wicklund
Start Date
Tenure
Tenure Rank
Dec 06, 2021
0.48
0.5%
Tony Wicklund is a managing director of Wilshire Associates and a portfolio manager with Wilshire Funds Management. Mr. Wicklund has over 17 years of industry experience and is a portfolio manager for multi-manager portfolios, including target-risk, target-date, and alternative portfolios for a range of financial intermediary clients. Prior to joining Wilshire Associates in 2013, Mr. Wicklund was the director of risk management at Convergent Wealth Advisors, where he led the firm’s investment risk management and operational due diligence efforts. Additionally, he served as chairman of the firm’s Risk Management Oversight Committee and was a voting member of the Investment Committee. Previously, Mr. Wicklund was a senior analyst at Pacific Seafood where he evaluated acquisition targets, coordinated the integration of acquired companies, and performed internal operational audits and capital expenditure analyses. Mr. Wicklund earned his BS in business administration, with a concentration in finance from the University of Oregon. He also holds an MBA from the Marshall School of Business, University of Southern California, with a concentration in investments and financial markets. Mr. Wicklund holds the Chartered Financial Analyst® and Chartered Alternative Investment Analyst designations, and is a member of CFA Society Los Angeles, CFA Institute, and the CAIA Association.
Nathan Palmer
Start Date
Tenure
Tenure Rank
Dec 06, 2021
0.48
0.5%
Nathan Palmer is a managing director of Wilshire Associates and heads Wilshire Funds Management’s Portfolio Management Group. Mr. Palmer has more than 20 years of industry experience and is responsible for creating multi-asset class, multi-manager investment solutions for financial intermediary clients. He is the Chair of Wilshire Funds Management’s Investment Committee and Retirement Oversight Committee. Prior to joining Wilshire Associates, Mr. Palmer provided investment advice to endowment, foundation, and family office clients at Convergent Wealth Advisors. Previously, he managed the public market investment portfolios for the endowment at the California Institute of Technology and for the defined benefit and defined contribution retirement assets at Intel Corporation. Mr. Palmer began his career as a securities analyst, where he published equity research on the technology, media, and telecom industries. Mr. Palmer graduated phi beta kappa and cum laude from the University of Washington with a BA in business administration. He holds an MBA with High Distinction from the Stern School of Business, New York University, graduating as an Armando John Garville Memorial Scholar. Mr. Palmer holds the Chartered Financial Analyst® designation and is an active member of CFA Institute and CFA Society Los Angeles.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 17.59 | 5.77 | 2.41 |
