ITAAX: Transamerica Short-Term Bond A

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ITAAX Transamerica Short-Term Bond A


Profile

ITAAX - Profile

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $3.17 B
  • Holdings in Top 10 6.3%

52 WEEK LOW AND HIGH

$10.35
$10.10
$10.35

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

  • Front Load 2.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 60.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.16%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Transamerica Short-Term Bond Fund
  • Fund Family Name
    Transamerica
  • Inception Date
    Nov 01, 2007
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Doug Weih

Fund Description

The fund normally invests at least 80% of its 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. The manager 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").


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Categories

Performance

ITAAX - Performance

Return Ranking - Trailing

Period ITAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.2% 10.0% 87.19%
1 Yr 2.5% -3.0% 24.4% 82.30%
3 Yr 0.5%* -3.0% 5.8% 82.35%
5 Yr 0.1%* -2.9% 12.5% 68.37%
10 Yr 0.0%* -5.2% 3.9% 87.71%

* Annualized

Return Ranking - Calendar

Period ITAAX Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -1.7% 18.3% 77.39%
2018 -1.6% -11.7% 4.6% 26.47%
2017 0.2% -4.4% 8.3% 76.95%
2016 0.7% -7.8% 7.7% 26.23%
2015 -1.8% -18.3% 3.0% 63.82%

Total Return Ranking - Trailing

Period ITAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.2% 10.0% 87.19%
1 Yr 2.5% -3.0% 24.4% 82.30%
3 Yr 0.5%* -3.0% 8.1% 85.73%
5 Yr 0.1%* -2.9% 12.5% 75.13%
10 Yr 0.2%* -1.3% 7.0% 83.78%

* Annualized

Total Return Ranking - Calendar

Period ITAAX Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -1.7% 18.3% 77.50%
2018 -1.6% -11.7% 6.5% 34.70%
2017 0.2% -4.4% 10.4% 80.66%
2016 0.7% -7.8% 10.7% 32.95%
2015 -1.8% -12.6% 4.2% 71.34%

NAV & Total Return History


Holdings

ITAAX - Holdings

Concentration Analysis

ITAAX Category Low Category High ITAAX % Rank
Net Assets 3.17 B 690 K 259 B 20.29%
Number of Holdings 347 1 17668 43.37%
Net Assets in Top 10 198 M -216 M 21.4 B 38.98%
Weighting of Top 10 6.29% 2.5% 100.0% 96.00%

Top 10 Holdings

  1. International Lease Finance Corporation 8.25% 0.72%
  2. Duke Energy Corp 3.05% 0.70%
  3. Goldman Sachs Group, Inc. 2.88% 0.68%
  4. Morgan Stanley 2.75% 0.65%
  5. BPCE SA 2.75% 0.63%
  6. Wells Fargo Bank, National Association 2.6% 0.62%
  7. Aviation Capital Group Corp 7.12% 0.60%
  8. BNP Paribas 5% 0.59%
  9. American Tower Corporation 3% 0.56%
  10. Ashford Hospitality Trust Inc 3.08% 0.55%

Asset Allocation

Weighting Return Low Return High ITAAX % Rank
Bonds
95.20% 80.02% 159.74% 67.49%
Cash
3.09% -59.74% 19.63% 38.12%
Convertible Bonds
1.71% 0.00% 7.23% 10.65%
Stocks
0.00% -0.98% 25.43% 60.81%
Preferred Stocks
0.00% 0.00% 7.43% 65.09%
Other
0.00% -8.60% 31.85% 62.45%

Bond Sector Breakdown

Weighting Return Low Return High ITAAX % Rank
Corporate
60.22% 0.00% 99.62% 6.82%
Securitized
36.62% 0.00% 98.40% 21.44%
Cash & Equivalents
3.09% -29.57% 27.25% 41.98%
Government
0.07% -2.21% 122.41% 56.70%
Derivative
0.00% -0.83% 22.35% 63.52%
Municipal
0.00% 0.00% 100.11% 91.14%

Bond Geographic Breakdown

Weighting Return Low Return High ITAAX % Rank
US
76.60% 58.28% 156.78% 94.00%
Non US
18.60% -12.35% 26.76% 2.57%

Expenses

ITAAX - Expenses

Operational Fees

ITAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.01% 38.00% 42.75%
Management Fee 0.37% 0.00% 1.10% 44.03%
12b-1 Fee 0.25% 0.00% 1.00% 46.62%
Administrative Fee N/A 0.00% 0.50% 6.52%

Sales Fees

ITAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 0.50% 5.75% 73.33%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

ITAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

ITAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 0.00% 489.00% 61.89%

Distributions

ITAAX - Distributions

Dividend Yield Analysis

ITAAX Category Low Category High ITAAX % Rank
Dividend Yield 0.41% 0.00% 3.16% 49.70%

Dividend Distribution Analysis

ITAAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ITAAX Category Low Category High ITAAX % Rank
Net Income Ratio 2.16% 0.00% 6.30% 72.42%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

ITAAX - Fund Manager Analysis

Managers

Doug Weih


Start Date

Tenure

Tenure Rank

Mar 22, 2011

8.87

8.9%

Doug Weih, CFA joined AEGON in 2000. Doug is Head of U.S. Structured Finance Trading and Portfolio Management and is a Portfolio Manager. Doug’s responsibilities include the overall strategy, portfolio management, and trading of AUIM’s public structured portfolios. Prior to his current role at AEGON, Doug completed AEGON’s Leadership Development Program and held a marketing position in AEGON USA’s Extraordinary Markets business unit. Doug is a voting member of AEGON Realty Advisors Senior Executive Loan Committee. Before joining AEGON, Doug served in the treasury and investment management area

Glen Kneeland


Start Date

Tenure

Tenure Rank

Mar 01, 2014

5.92

5.9%

Portfolio Manager with Aegon USA Investment Management, LLC since 2006

Brian Westhoff


Start Date

Tenure

Tenure Rank

Mar 01, 2016

3.92

3.9%

Brian Westhoff, CFA, Head of Multi-Sector Portfolio Management & Strategy. Joined Aegon in 2003. Bachelor of Science in business administration from Drake University and MBA from Thunderbird School of Global Management. Industry start date: 2001. Brian is a Portfolio Manager for core-plus fixed income and corporate strategies, and manages core-plus fixed income.

Tyler Knight


Start Date

Tenure

Tenure Rank

May 24, 2017

2.69

2.7%

Tyler A. Knight, CFA, is portfolio Manager with Aegon USA Investment Management, LLC since 2008 and Head of Structured Finance since 2018.

Norbert King


Start Date

Tenure

Tenure Rank

May 24, 2017

2.69

2.7%

Portfolio Manager with Aegon USA Investment Management, LLC since 2011

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.42 0.08