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Transamerica Core Bond (formerly Transamerica Intermediate Bond)
mutual fund
TMBRX
Payout Change
Pending
Price as of:
$8.49
+0.01
+0.12%
primary theme
U.S. Intermediate-Term Bond Duration
share class
TMBRX (Mutual Fund)
Transamerica Core Bond (formerly Transamerica Intermediate Bond)
Payout Change
Pending
Price as of:
$8.49
+0.01
+0.12%
primary theme
U.S. Intermediate-Term Bond Duration
share class
TMBRX (Mutual Fund)
Transamerica Core Bond (formerly Transamerica Intermediate Bond)
Payout Change
Pending
Price as of:
$8.49
+0.01
+0.12%
primary theme
U.S. Intermediate-Term Bond Duration
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
$8.49
$1.93 B
3.72%
$0.32
0.92%
Vitals
YTD Return
0.9%
1 yr return
1.1%
3 Yr Avg Return
-2.8%
5 Yr Avg Return
-0.7%
Net Assets
$1.93 B
Holdings in Top 10
20.6%
52 WEEK LOW AND HIGH
$8.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.92%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 48.00%
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
$8.49
$1.93 B
3.72%
$0.32
0.92%
TMBRX - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return -2.8%
- 5 Yr Annualized Total Return -0.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.32%
- Dividend Yield 3.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameTransamerica Core Bond (formerly Transamerica Intermediate Bond)
-
Fund Family NameTransamerica
-
Inception DateMar 24, 2017
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Westhoff
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, primarily in investment grade debt securities, which may include: investment grade corporate securities, U.S. government obligations, mortgage-backed securities guaranteed by U.S. government agencies and instrumentalities, and private residential mortgage-backed securities. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in fixed-income 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 sub-adviser. The fund's weighted average duration will typically range from 3 to 10 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. The fund may also invest in U.S. Treasury and agency securities, municipal bonds, asset-backed securities (including collateralized loan obligations (“CLOs”), collateralized bond obligations (“CBOs”) and collateralized debt obligations (“CDOs”)), commercial mortgage-backed securities (“CMBS”), high quality short-term debt obligations, dollar rolls and repurchase agreements. The fund’s investments may include debt securities of foreign issuers, including emerging market debt securities. The fund may invest in securities that are denominated in U.S. dollars and in foreign currencies.The fund may invest up to 10% of its net assets in emerging market debt securities and up to 10% of its net assets in high-yield debt securities (commonly referred to as “junk bonds”), but may invest no more than 15% of its net assets in emerging market debt securities and high-yield debt securities combined. 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. 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 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, government and agency 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 movements 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 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 investment grade corporate debt securities, foreign government bonds and notes (including emerging markets), private residential mortgage-backed securities, certain asset-backed securities (including CLOs, CBOs and CDOs), CMBS, certain cash equivalents (including corporate commercial paper) 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 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, mortgage-backed securities guaranteed by U.S. government agencies and instrumentalities, U.S. Treasury and agency securities, municipal bonds, asset-backed commercial paper, dollar rolls, repurchase agreements, derivatives, 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, 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 (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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TMBRX - Performance
Return Ranking - Trailing
| Period | TMBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.9% | -7.8% | 11.6% | 77.39% |
| 1 Yr | 1.1% | -7.5% | 11.7% | 75.93% |
| 3 Yr | -2.8%* | -11.0% | 27.4% | 68.02% |
| 5 Yr | -0.7%* | -7.6% | 58.4% | 80.65% |
| 10 Yr | N/A* | -3.0% | 73.8% | 69.31% |
* Annualized
Return Ranking - Calendar
| Period | TMBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.6% | -16.2% | 8.1% | 70.48% |
| 2022 | -15.5% | -34.7% | 131.9% | 35.53% |
| 2021 | -4.3% | -11.6% | 4.4% | 85.87% |
| 2020 | 1.9% | -9.9% | 946.1% | 88.84% |
| 2019 | 6.0% | -1.7% | 16.9% | 35.17% |
Total Return Ranking - Trailing
| Period | TMBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.9% | -7.8% | 11.6% | 77.39% |
| 1 Yr | 1.1% | -7.5% | 11.7% | 75.93% |
| 3 Yr | -2.8%* | -11.0% | 27.4% | 68.02% |
| 5 Yr | -0.7%* | -7.6% | 58.4% | 80.65% |
| 10 Yr | N/A* | -3.0% | 73.8% | 65.09% |
* Annualized
Total Return Ranking - Calendar
| Period | TMBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.4% | -11.3% | 11.9% | 74.64% |
| 2022 | -13.6% | -32.2% | 131.9% | 50.96% |
| 2021 | -1.4% | -9.4% | 9.2% | 66.74% |
| 2020 | 7.2% | -1.9% | 1009.0% | 77.45% |
| 2019 | 8.5% | 1.1% | 21668.0% | 61.70% |
NAV & Total Return History
TMBRX - Holdings
Concentration Analysis
| TMBRX | Category Low | Category High | TMBRX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.93 B | 2.9 M | 314 B | 45.60% |
| Number of Holdings | 499 | 1 | 17880 | 62.93% |
| Net Assets in Top 10 | 435 M | 1.62 M | 35.1 B | 49.53% |
| Weighting of Top 10 | 20.58% | 4.7% | 3984.6% | 58.39% |
Top 10 Holdings
- Uniform Mortgage-Backed Security 4.02%
- Uniform Mortgage-Backed Security 3.64%
- Uniform Mortgage-Backed Security 2.86%
- Uniform Mortgage-Backed Security 2.00%
- Uniform Mortgage-Backed Security, TBA 1.80%
- Uniform Mortgage-Backed Security 1.78%
- Britannia Funding Co. LLC 1.17%
- LMA-Americas LLC 1.11%
- U.S. Treasury Notes 1.09%
- Uniform Mortgage-Backed Security, TBA 1.09%
Asset Allocation
| Weighting | Return Low | Return High | TMBRX % Rank | |
|---|---|---|---|---|
| Bonds | 93.10% | 0.00% | 9231.88% | 60.93% |
| Cash | 21.95% | -54.51% | 237.69% | 3.43% |
| Other | 5.44% | -27.25% | 1695.17% | 43.09% |
| Convertible Bonds | 0.70% | 0.00% | 7.93% | 75.94% |
| Preferred Stocks | 0.11% | 0.00% | 72.34% | 17.24% |
| Stocks | 0.00% | 0.00% | 99.98% | 63.94% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TMBRX % Rank | |
|---|---|---|---|---|
| Securitized | 31.69% | 0.00% | 98.40% | 43.72% |
| Corporate | 26.70% | 0.00% | 100.00% | 61.92% |
| Cash & Equivalents | 21.95% | 0.00% | 237.69% | 3.63% |
| Government | 21.49% | 0.00% | 86.23% | 59.52% |
| Municipal | 0.02% | 0.00% | 100.00% | 72.59% |
| Derivative | 0.00% | -6.56% | 43.84% | 43.82% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TMBRX % Rank | |
|---|---|---|---|---|
| US | 93.10% | 0.00% | 9042.62% | 52.86% |
| Non US | 0.00% | 0.00% | 189.26% | 65.42% |
TMBRX - Expenses
Operational Fees
| TMBRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.92% | 0.01% | 39.64% | 30.20% |
| Management Fee | 0.38% | 0.00% | 1.76% | 54.04% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 71.99% |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| TMBRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| TMBRX 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.
| TMBRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 48.00% | 2.00% | 493.39% | 16.99% |
TMBRX - Distributions
Dividend Yield Analysis
| TMBRX | Category Low | Category High | TMBRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.72% | 0.00% | 10.11% | 49.95% |
Dividend Distribution Analysis
| TMBRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Quarterly |
Net Income Ratio Analysis
| TMBRX | Category Low | Category High | TMBRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.32% | -1.28% | 4.79% | 73.82% |
Capital Gain Distribution Analysis
| TMBRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.026 | OrdinaryDividend |
| Oct 31, 2024 | $0.028 | OrdinaryDividend |
| Sep 30, 2024 | $0.028 | OrdinaryDividend |
| Aug 30, 2024 | $0.027 | OrdinaryDividend |
| Jul 31, 2024 | $0.030 | OrdinaryDividend |
| Apr 30, 2024 | $0.031 | OrdinaryDividend |
| Mar 28, 2024 | $0.027 | OrdinaryDividend |
| Feb 29, 2024 | $0.026 | OrdinaryDividend |
| Jan 31, 2024 | $0.029 | OrdinaryDividend |
| Dec 29, 2023 | $0.026 | OrdinaryDividend |
| Nov 30, 2023 | $0.027 | OrdinaryDividend |
| Oct 31, 2023 | $0.029 | OrdinaryDividend |
| Sep 29, 2023 | $0.025 | OrdinaryDividend |
| Aug 31, 2023 | $0.027 | OrdinaryDividend |
| Jul 31, 2023 | $0.027 | OrdinaryDividend |
| Jun 30, 2023 | $0.026 | OrdinaryDividend |
| May 31, 2023 | $0.027 | OrdinaryDividend |
| Apr 28, 2023 | $0.023 | OrdinaryDividend |
| Mar 31, 2023 | $0.027 | OrdinaryDividend |
| Feb 28, 2023 | $0.021 | OrdinaryDividend |
| Jan 30, 2023 | $0.024 | OrdinaryDividend |
| Dec 29, 2022 | $0.004 | OrdinaryDividend |
| Dec 21, 2022 | $0.015 | OrdinaryDividend |
| Nov 22, 2022 | $0.022 | OrdinaryDividend |
| Oct 27, 2022 | $0.022 | OrdinaryDividend |
| Sep 27, 2022 | $0.014 | OrdinaryDividend |
| Aug 25, 2022 | $0.019 | OrdinaryDividend |
| Jul 28, 2022 | $0.017 | OrdinaryDividend |
| Jun 24, 2022 | $0.016 | OrdinaryDividend |
| May 26, 2022 | $0.016 | OrdinaryDividend |
| Apr 27, 2022 | $0.014 | OrdinaryDividend |
| Mar 25, 2022 | $0.017 | OrdinaryDividend |
| Feb 24, 2022 | $0.014 | OrdinaryDividend |
| Jan 27, 2022 | $0.012 | OrdinaryDividend |
| Dec 21, 2021 | $0.010 | OrdinaryDividend |
| Dec 21, 2021 | $0.166 | CapitalGainLongTerm |
| Nov 23, 2021 | $0.011 | OrdinaryDividend |
| Oct 28, 2021 | $0.011 | OrdinaryDividend |
| Sep 27, 2021 | $0.012 | OrdinaryDividend |
| Aug 26, 2021 | $0.012 | OrdinaryDividend |
| Jul 29, 2021 | $0.012 | OrdinaryDividend |
| Jun 25, 2021 | $0.013 | OrdinaryDividend |
| May 27, 2021 | $0.012 | OrdinaryDividend |
| Apr 28, 2021 | $0.013 | OrdinaryDividend |
| Mar 26, 2021 | $0.012 | OrdinaryDividend |
| Feb 25, 2021 | $0.012 | OrdinaryDividend |
| Jan 28, 2021 | $0.011 | OrdinaryDividend |
| Dec 21, 2020 | $0.012 | OrdinaryDividend |
| Dec 21, 2020 | $0.162 | CapitalGainShortTerm |
| Dec 21, 2020 | $0.202 | CapitalGainLongTerm |
| Nov 24, 2020 | $0.013 | OrdinaryDividend |
| Oct 28, 2020 | $0.013 | OrdinaryDividend |
| Sep 25, 2020 | $0.015 | OrdinaryDividend |
| Aug 26, 2020 | $0.014 | OrdinaryDividend |
| Jul 29, 2020 | $0.012 | OrdinaryDividend |
| Jun 24, 2020 | $0.012 | OrdinaryDividend |
| May 27, 2020 | $0.014 | OrdinaryDividend |
| Apr 29, 2020 | $0.019 | OrdinaryDividend |
| Mar 25, 2020 | $0.018 | OrdinaryDividend |
| Feb 26, 2020 | $0.017 | OrdinaryDividend |
| Jan 29, 2020 | $0.019 | OrdinaryDividend |
| Dec 19, 2019 | $0.021 | OrdinaryDividend |
| Nov 26, 2019 | $0.018 | OrdinaryDividend |
| Oct 30, 2019 | $0.018 | OrdinaryDividend |
| Sep 25, 2019 | $0.022 | OrdinaryDividend |
| Aug 28, 2019 | $0.019 | OrdinaryDividend |
| Jul 30, 2019 | $0.019 | OrdinaryDividend |
| Jun 25, 2019 | $0.021 | OrdinaryDividend |
| May 29, 2019 | $0.020 | OrdinaryDividend |
| Apr 29, 2019 | $0.021 | OrdinaryDividend |
| Mar 25, 2019 | $0.019 | OrdinaryDividend |
| Feb 27, 2019 | $0.019 | OrdinaryDividend |
| Jan 30, 2019 | $0.021 | OrdinaryDividend |
| Dec 19, 2018 | $0.019 | OrdinaryDividend |
| Nov 29, 2018 | $0.020 | OrdinaryDividend |
| Oct 30, 2018 | $0.020 | OrdinaryDividend |
| Sep 25, 2018 | $0.020 | OrdinaryDividend |
| Aug 30, 2018 | $0.020 | OrdinaryDividend |
| Jul 30, 2018 | $0.020 | OrdinaryDividend |
| Jun 26, 2018 | $0.020 | OrdinaryDividend |
| May 30, 2018 | $0.019 | OrdinaryDividend |
| Apr 26, 2018 | $0.020 | OrdinaryDividend |
| Mar 26, 2018 | $0.020 | OrdinaryDividend |
| Feb 27, 2018 | $0.018 | OrdinaryDividend |
| Jan 26, 2018 | $0.017 | OrdinaryDividend |
| Dec 20, 2017 | $0.017 | OrdinaryDividend |
| Nov 29, 2017 | $0.017 | OrdinaryDividend |
| Oct 30, 2017 | $0.016 | OrdinaryDividend |
| Sep 26, 2017 | $0.019 | OrdinaryDividend |
| Aug 30, 2017 | $0.015 | OrdinaryDividend |
| Jul 28, 2017 | $0.017 | OrdinaryDividend |
| Jun 28, 2017 | $0.020 | OrdinaryDividend |
| May 30, 2017 | $0.006 | OrdinaryDividend |
| Apr 27, 2017 | $0.017 | OrdinaryDividend |
| Mar 28, 2017 | $0.002 | OrdinaryDividend |
TMBRX - Fund Manager Analysis
Managers
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.
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.
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.
Sivakumar Rajan
Start Date
Tenure
Tenure Rank
May 24, 2017
5.02
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 | 33.43 | 6.77 | 1.16 |
