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Transamerica Inflation Opportunities
mutual fund
ITIOX
Payout Change
Pending
Price as of:
$9.73
-0.03
-0.31%
primary theme
TIPS
share class
ITIOX (Mutual Fund)
Transamerica Inflation Opportunities
Payout Change
Pending
Price as of:
$9.73
-0.03
-0.31%
primary theme
TIPS
share class
ITIOX (Mutual Fund)
Transamerica Inflation Opportunities
Payout Change
Pending
Price as of:
$9.73
-0.03
-0.31%
primary theme
TIPS
share class
Name
As of 12/13/2024Price
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
3.1%
1 yr return
3.2%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
2.0%
Net Assets
$187 M
Holdings in Top 10
30.0%
52 WEEK LOW AND HIGH
$9.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.70%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 48.00%
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 12/13/2024Price
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
ITIOX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return -0.6%
- 5 Yr Annualized Total Return 2.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.31%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameTransamerica Inflation Opportunities
-
Fund Family NameTransamerica
-
Inception DateMar 01, 2014
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Vanden Assem
Fund Description
The fund’s sub-adviser, PineBridge Investments LLC (the “sub-adviser”), seeks to achieve the fund’s investment objective by normally investing the fund’s assets primarily in inflation-indexed fixed-income securities issued by domestic and foreign governments, their agencies or instrumentalities, and corporations.Inflation-indexed fixed-income securities are structured to provide protection against the negative effects of inflation. The value of an inflation-indexed fixed-income security’s principal or the interest income paid on the fixed-income security is adjusted to track changes in an official inflation measure, usually the Consumer Price Index for All Urban Consumers (“CPI-U”) with respect to domestic issuers.The fund may also invest in debt securities that are not inflation-indexed, including but not limited to securities issued or guaranteed by national governments, their agencies, instrumentalities, and political sub-divisions, securities of supranational organizations such as bonds, corporate debt securities, adjustable rate bonds, floating rate bonds, principal only bonds, Eurobonds, Eurodollar bonds and Yankee dollar instruments, zero coupon bonds, convertible notes, commercial paper, and commercial mortgage-backed and mortgage-backed and asset-backed securities. The fund also may invest in money market instruments with remaining maturities of one year or less, as well as repurchase agreements, cash and cash equivalents.The fund may invest in securities of any maturity and does not have a target average duration. 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 normally invests primarily in investment grade securities, but may invest up to 20% of its total assets in high yield securities (often referred to as “junk bonds”) rated BB or below by Moody’s Investors Service, Inc., or equivalently rated by Standard & Poor’s Corporation or Fitch, Inc., or, if unrated, determined by the sub-adviser to be of comparable quality.The sub-adviser uses both “top-down” and “bottom-up” analysis to determine security and duration positions for the fund. Both “top-down” and “bottom-up” approaches rely upon the same fundamental, valuation and technical framework and analysis of factors the sub-adviser believes affect pricing, including interest rates, inflation rates, liquidity and currency exposures. These factors are jointly determined and are interdependent. Security sales decisions are driven by the same criteria as purchase decisions.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 or foreign currency transactions, total return and credit default swaps), provided that the fund’s maximum swap underlying notional value exposure does not exceed 40% of the underlying market value of the fund’s portfolio. The sub-adviser regularly uses currency swaps, futures and/or forwards to hedge non-U.S. dollar currency exposure. These investment strategies may be employed in an effort to either mitigate risk or generate income.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.The fund's investments in securities issued by foreign governments may include securities issued by governments of emerging market countries. The sub-adviser considers emerging market countries as countries that major international financial institutions and financial organizations, such as the World Bank and Bloomberg, generally consider to be less economically mature than developed nations.
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ITIOX - Performance
Return Ranking - Trailing
| Period | ITIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.1% | -11.2% | 11.6% | 40.80% |
| 1 Yr | 3.2% | -8.5% | 15.1% | 37.31% |
| 3 Yr | -0.6%* | -15.6% | 4.9% | 40.82% |
| 5 Yr | 2.0%* | -7.2% | 5.0% | 51.85% |
| 10 Yr | 2.1%* | -2.3% | 3.7% | 44.27% |
* Annualized
Return Ranking - Calendar
| Period | ITIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.7% | -8.7% | 5.1% | 2.51% |
| 2022 | -15.6% | -52.3% | -4.0% | 41.33% |
| 2021 | 0.4% | -7.9% | 7.7% | 65.10% |
| 2020 | 7.6% | -29.4% | 23.0% | 52.38% |
| 2019 | 7.4% | 0.8% | 16.7% | 11.17% |
Total Return Ranking - Trailing
| Period | ITIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.1% | -11.2% | 11.6% | 40.80% |
| 1 Yr | 3.2% | -8.5% | 15.1% | 37.31% |
| 3 Yr | -0.6%* | -15.6% | 4.9% | 40.82% |
| 5 Yr | 2.0%* | -7.2% | 5.0% | 51.85% |
| 10 Yr | 2.1%* | -2.3% | 3.7% | 44.27% |
* Annualized
Total Return Ranking - Calendar
| Period | ITIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.0% | -5.2% | 9.5% | 2.01% |
| 2022 | -10.8% | -40.1% | 9.2% | 42.86% |
| 2021 | 4.0% | -2.7% | 37.6% | 88.54% |
| 2020 | 8.9% | -0.5% | 27.5% | 61.38% |
| 2019 | 8.8% | 2.8% | 19.3% | 12.23% |
NAV & Total Return History
ITIOX - Holdings
Concentration Analysis
| ITIOX | Category Low | Category High | ITIOX % Rank | |
|---|---|---|---|---|
| Net Assets | 187 M | 963 K | 51.8 B | 85.57% |
| Number of Holdings | 104 | 2 | 1463 | 50.75% |
| Net Assets in Top 10 | 52.6 M | 913 K | 25.5 B | 92.04% |
| Weighting of Top 10 | 30.04% | 9.4% | 100.0% | 87.00% |
Top 10 Holdings
- U.S. Treasury Inflation-Indexed Notes 5.83%
- U.S. Treasury Inflation-Protected Indexed Bonds 3.08%
- U.S. Treasury Inflation-Protected Indexed Notes 3.01%
- U.S. Treasury Inflation-Protected Indexed Notes 3.00%
- U.S. Treasury Inflation-Protected Indexed Notes 2.70%
- U.S. Treasury Inflation-Protected Indexed Bonds 2.60%
- U.S. Treasury Inflation-Protected Indexed Notes 2.58%
- U.S. Treasury Inflation-Indexed Notes 2.44%
- U.S. Treasury Inflation-Protected Indexed Notes 2.42%
- U.S. Treasury Inflation-Protected Indexed Notes 2.38%
Asset Allocation
| Weighting | Return Low | Return High | ITIOX % Rank | |
|---|---|---|---|---|
| Bonds | 98.61% | 0.00% | 206.20% | 40.80% |
| Convertible Bonds | 3.96% | 0.00% | 3.96% | 1.99% |
| Cash | 1.06% | -42.00% | 15.77% | 41.79% |
| Other | 0.48% | -58.58% | 66.48% | 63.68% |
| Stocks | 0.00% | 0.00% | 100.03% | 46.77% |
| Preferred Stocks | 0.00% | 0.00% | 1.89% | 50.25% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | ITIOX % Rank | |
|---|---|---|---|---|
| Government | 79.82% | 6.70% | 112.97% | 73.13% |
| Corporate | 19.45% | 0.00% | 50.64% | 12.94% |
| Cash & Equivalents | 1.06% | 0.00% | 15.13% | 38.81% |
| Securitized | 0.00% | 0.00% | 58.03% | 86.07% |
| Municipal | 0.00% | 0.00% | 1.28% | 55.22% |
| Derivative | -0.10% | -26.67% | 16.13% | 99.00% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | ITIOX % Rank | |
|---|---|---|---|---|
| US | 92.60% | 0.00% | 184.29% | 76.12% |
| Non US | 6.01% | 0.00% | 42.19% | 13.43% |
ITIOX - Expenses
Operational Fees
| ITIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.70% | 0.03% | 22.29% | 45.23% |
| Management Fee | 0.38% | 0.00% | 0.99% | 69.15% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 3.00% |
| Administrative Fee | N/A | 0.01% | 0.40% | 17.14% |
Sales Fees
| ITIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| ITIOX 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.
| ITIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 48.00% | 0.00% | 246.00% | 42.71% |
ITIOX - Distributions
Dividend Yield Analysis
| ITIOX | Category Low | Category High | ITIOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.01% | 0.00% | 14.25% | 83.08% |
Dividend Distribution Analysis
| ITIOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Annual |
Net Income Ratio Analysis
| ITIOX | Category Low | Category High | ITIOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.31% | -0.06% | 6.71% | 65.15% |
Capital Gain Distribution Analysis
| ITIOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 26, 2024 | $0.033 | OrdinaryDividend |
| Oct 25, 2024 | $0.030 | OrdinaryDividend |
| Sep 23, 2024 | $0.028 | OrdinaryDividend |
| Aug 28, 2024 | $0.031 | OrdinaryDividend |
| Jul 25, 2024 | $0.029 | OrdinaryDividend |
| Apr 25, 2024 | $0.018 | OrdinaryDividend |
| Mar 21, 2024 | $0.011 | OrdinaryDividend |
| Dec 21, 2023 | $0.025 | OrdinaryDividend |
| Nov 21, 2023 | $0.032 | OrdinaryDividend |
| Oct 26, 2023 | $0.027 | OrdinaryDividend |
| Sep 25, 2023 | $0.026 | OrdinaryDividend |
| Aug 29, 2023 | $0.028 | OrdinaryDividend |
| Jul 27, 2023 | $0.029 | OrdinaryDividend |
| Jun 26, 2023 | $0.033 | OrdinaryDividend |
| May 25, 2023 | $0.029 | OrdinaryDividend |
| Apr 27, 2023 | $0.028 | OrdinaryDividend |
| Mar 27, 2023 | $0.025 | OrdinaryDividend |
| Jan 26, 2023 | $0.019 | OrdinaryDividend |
| Dec 21, 2022 | $0.017 | OrdinaryDividend |
| Dec 21, 2022 | $0.189 | CapitalGainLongTerm |
| Nov 22, 2022 | $0.023 | OrdinaryDividend |
| Oct 27, 2022 | $0.006 | OrdinaryDividend |
| Sep 27, 2022 | $0.034 | OrdinaryDividend |
| Aug 25, 2022 | $0.043 | OrdinaryDividend |
| Jul 28, 2022 | $0.040 | OrdinaryDividend |
| Jun 24, 2022 | $0.038 | OrdinaryDividend |
| May 26, 2022 | $0.032 | OrdinaryDividend |
| Apr 27, 2022 | $0.032 | OrdinaryDividend |
| Mar 25, 2022 | $0.037 | OrdinaryDividend |
| Feb 24, 2022 | $0.029 | OrdinaryDividend |
| Jan 27, 2022 | $0.032 | OrdinaryDividend |
| Dec 21, 2021 | $0.040 | OrdinaryDividend |
| Dec 21, 2021 | $0.045 | CapitalGainLongTerm |
| Nov 23, 2021 | $0.038 | OrdinaryDividend |
| Oct 28, 2021 | $0.052 | OrdinaryDividend |
| Sep 27, 2021 | $0.063 | OrdinaryDividend |
| Aug 26, 2021 | $0.062 | OrdinaryDividend |
| Jul 29, 2021 | $0.041 | OrdinaryDividend |
| Jun 25, 2021 | $0.031 | OrdinaryDividend |
| May 27, 2021 | $0.013 | OrdinaryDividend |
| Feb 25, 2021 | $0.013 | OrdinaryDividend |
| Jan 28, 2021 | $0.005 | OrdinaryDividend |
| Dec 21, 2020 | $0.030 | OrdinaryDividend |
| Nov 24, 2020 | $0.028 | OrdinaryDividend |
| Oct 28, 2020 | $0.020 | OrdinaryDividend |
| Sep 25, 2020 | $0.018 | OrdinaryDividend |
| Apr 29, 2020 | $0.010 | OrdinaryDividend |
| Mar 25, 2020 | $0.006 | OrdinaryDividend |
| Feb 26, 2020 | $0.012 | OrdinaryDividend |
| Jan 29, 2020 | $0.007 | OrdinaryDividend |
| Dec 19, 2019 | $0.026 | OrdinaryDividend |
| Nov 26, 2019 | $0.012 | OrdinaryDividend |
| Oct 30, 2019 | $0.004 | OrdinaryDividend |
| Sep 25, 2019 | $0.005 | OrdinaryDividend |
| Aug 28, 2019 | $0.010 | OrdinaryDividend |
| Jul 30, 2019 | $0.028 | OrdinaryDividend |
| Jun 25, 2019 | $0.027 | OrdinaryDividend |
| May 29, 2019 | $0.022 | OrdinaryDividend |
| Dec 19, 2018 | $0.034 | OrdinaryDividend |
| Nov 29, 2018 | $0.037 | OrdinaryDividend |
| Oct 30, 2018 | $0.011 | OrdinaryDividend |
| Sep 25, 2018 | $0.008 | OrdinaryDividend |
| Aug 30, 2018 | $0.030 | OrdinaryDividend |
| Jul 30, 2018 | $0.032 | OrdinaryDividend |
| Jun 26, 2018 | $0.032 | OrdinaryDividend |
| May 30, 2018 | $0.029 | OrdinaryDividend |
| Apr 26, 2018 | $0.022 | OrdinaryDividend |
| Mar 26, 2018 | $0.014 | OrdinaryDividend |
| Feb 27, 2018 | $0.008 | OrdinaryDividend |
| Jan 26, 2018 | $0.005 | OrdinaryDividend |
| Nov 29, 2017 | $0.046 | OrdinaryDividend |
| Oct 30, 2017 | $0.019 | OrdinaryDividend |
| Aug 30, 2017 | $0.009 | OrdinaryDividend |
| Jul 28, 2017 | $0.011 | OrdinaryDividend |
| Jun 28, 2017 | $0.023 | OrdinaryDividend |
| May 30, 2017 | $0.013 | OrdinaryDividend |
| Apr 27, 2017 | $0.017 | OrdinaryDividend |
| Mar 28, 2017 | $0.021 | OrdinaryDividend |
| Dec 20, 2016 | $0.016 | OrdinaryDividend |
| Nov 22, 2016 | $0.017 | OrdinaryDividend |
| Dec 23, 2014 | $0.010 | CapitalGainShortTerm |
| Dec 23, 2014 | $0.019 | OrdinaryDividend |
| Nov 25, 2014 | $0.012 | OrdinaryDividend |
| Sep 25, 2014 | $0.004 | OrdinaryDividend |
| Aug 28, 2014 | $0.025 | OrdinaryDividend |
| Jul 30, 2014 | $0.013 | OrdinaryDividend |
| Jun 25, 2014 | $0.033 | OrdinaryDividend |
| May 29, 2014 | $0.033 | OrdinaryDividend |
| Apr 29, 2014 | $0.026 | OrdinaryDividend |
| Mar 25, 2014 | $0.034 | OrdinaryDividend |
ITIOX - Fund Manager Analysis
Managers
Robert Vanden Assem
Start Date
Tenure
Tenure Rank
Mar 03, 2014
8.25
8.3%
Robert A. Vanden Assem, CFA, is a Porfolio Manager, Managing Director and Head of Developed Markets Investment Grade Fixed Income. Robert joined PineBridge in 2001 and is a Managing Director and Head of Developed Markets Investment Grade Fixed Income. He is responsible for the management of high-grade institutional and retail fixed-income portfolios. He received a BS in Accounting from Fairleigh Dickinson University and an MBA in Finance from New York University. He is a CFA charterholder.
Roberto Coronado
Start Date
Tenure
Tenure Rank
Nov 04, 2016
5.57
5.6%
Roberto joined PineBridge in 2014 and is a Senior Vice President and Senior Portfolio Manager of Investment Grade Fixed Income team. He is responsible for managing portfolio allocations to European investment grade credits across a range of globally invested portfolios. He received a BBA in Finance from the University of Texas at Arlington and an MSc in International Business and Finance from the Stockholm School of Economics.
Gunter Seeger
Start Date
Tenure
Tenure Rank
Mar 01, 2018
4.25
4.3%
Gunter H. Seeger joined the firm in 2009 and is a Senior Vice President, Senior Portfolio Manager, and Research Analyst on PineBridge Investments’ Fixed Income team. He covers Structured Products, US TIPS, and interest-rate trade and hedging strategies. Previously, he spent 15 years in various Sales and Trading roles for Wall Street firms, including Deutsche Bank, Nomura Securities, and Credit Suisse-First Boston. Mr. Seeger worked as a senior member of the Sales and Trading group at Nomura Securities.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 20.51 | 6.56 | 11.1 |
