Continue to site >
Trending ETFs

Transamerica High Yield ESG

mutual fund
TAKJX
Payout Change
Pending
Price as of:
$8.96 -0.01 -0.11%
primary theme
High Yield Bond
TAKJX (Mutual Fund)

Transamerica High Yield ESG

Payout Change
Pending
Price as of:
$8.96 -0.01 -0.11%
primary theme
High Yield Bond
TAKJX (Mutual Fund)

Transamerica High Yield ESG

Payout Change
Pending
Price as of:
$8.96 -0.01 -0.11%
primary theme
High Yield Bond

Name

As of 12/12/2024

Price

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

$8.96

$61.3 M

6.15%

$0.55

0.91%

Vitals

YTD Return

7.0%

1 yr return

9.4%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$61.3 M

Holdings in Top 10

18.1%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.91%

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 12/12/2024

Price

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

$8.96

$61.3 M

6.15%

$0.55

0.91%

TAKJX - Profile

Distributions

  • YTD Total Return 7.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.31%
DIVIDENDS
  • Dividend Yield 6.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Transamerica High Yield ESG
  • Fund Family Name
    Transamerica
  • Inception Date
    Jul 31, 2020
  • Shares Outstanding
    N/A
  • Share Class
    I2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Schaeffer

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, at least 80% of the fund’s net assets (plus the amount of borrowings, if any, for investment purposes) in high-yield securities. The sub-adviser focuses on investments that the sub-adviser views as having a favorable environmental, social and governance (“ESG”) profile based on the sub-adviser’s internal ESG evaluation process. The fund normally invests primarily in U.S. securities.High yield securities (commonly known as “junk” bonds) are high-risk debt securities rated, at the time of investment, 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. Normally, the high yield securities in which the fund invests are primarily corporate bonds.The sub-adviser identifies potential investments based on a number of fundamental and ESG considerations. The ESG considerations are evaluated as part of the sub-adviser’s fundamental research process. This process categorizes issuers into one of five ESG categories and is designed to enable the sub-adviser to identifyinvestments with favorable or lower risk ESG characteristics in the view of the sub-adviser. The sub-adviser invests the significant majority of the fund in the top three ESG categories as defined below. In addition, the sub-adviser minimizes exposure to companies considered by the sub-adviser as having less favorable ESG qualities(category four)andrestricts investments in companies judged by the sub-adviser as having the highest financially material ESG risks(category five).Category one includes companies viewed by the sub-adviser as having fundamentals that are positively affected by effective ESG practices. Category two companies are judged by the sub-adviser to have fundamentally low exposure to ESG risks or the presence of factors that mitigate ESG risks. Category three companies are those, in the view of the sub-adviser, with ESG risk exposures that could negatively affect fundamentals, but the effect is not measurable and the timing is uncertain. Category four companies are those which the sub-adviser views as having ESG risks resulting in negative pressure on fundamentals, but having a limited impact on its credit rating. Category five includes companies that, in the sub-adviser’s view, have ESG factors resulting in a negative material effect on fundamentals that may or may not be currently reflected in its credit rating.The fund’s investment universe consists of companies classified by the sub-adviser within categories one through four with the fund’s investments generally predominantly falling in categories one through three.When assessing a company’s ESG practices as part of the fundamental research and ESG categorization process, the sub-adviser may take into account a number of ESG considerations of an environmental, social or governance nature. Environmental considerations may include, but are not limited to, climate change and carbon emissions, energy efficiency, waste and pollution, water use and conservation, deforestation, natural resource use and renewable energy. Social considerations may include, but are not limited to, human rights and labor standards, product safety and liability, workplace safety, workplace benefits, employee relations, diversity/inclusion policies, data protection and privacy, community involvement, nutrition and health, and supply chain sourcing. Governance considerations may include, but are not limited to, board independence, board diversity, anti-corruption policies, shareholder rights, compensation structures, corporate political contributions and corporate behavior.The sub-adviser’s research-intensive process uses a combination of a global “top-down” analysis of the macroeconomic and interest rate environment and proprietary “bottom-up” research of corporate debt, stressed and distressed securities, and other debt instruments. In the sub-adviser’s “top-down” approach, the sub-adviser analyzes various fundamental, technical, sentiment, and valuation factors that it believes affect the movement of markets and securities prices worldwide. This “top-down” analysis assists the sub-adviser in analyzing fund risk and allocating assets among sectors, industries, and credit quality categories. In its proprietary “bottom-up” research, the sub-adviser considers various fundamental and other factors, such as creditworthiness and capital structure.The fund has no maturity or duration requirements or limitations. The fund may invest in foreign securities, including up to 10% of its net assets in emerging market securities. 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.To a lesser extent, the fund may invest in investment grade bonds, bank loans, preferred equity securities, common equity securities (received in connection with exchanges or restructurings) and cash equivalents. The fund may also invest in hybrid instruments having both debt and equity characteristics.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.All investments by the fund, with the exception of cash and certain cash equivalents (including asset-backed commercial paper), repurchase agreements and money market instruments, are subject to the sub-adviser's ESG assessment framework.
Read More

TAKJX - Performance

Return Ranking - Trailing

Period TAKJX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% -7.5% 17.7% 84.24%
1 Yr 9.4% -4.7% 18.4% 79.97%
3 Yr N/A* -14.4% 21.6% N/A
5 Yr N/A* -11.4% 37.2% N/A
10 Yr N/A* -4.7% 20.4% N/A

* Annualized

Return Ranking - Calendar

Period TAKJX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -4.7% 14.3% N/A
2022 N/A -33.4% 3.6% N/A
2021 N/A -8.4% 8.2% N/A
2020 N/A -13.2% 302.7% N/A
2019 N/A -4.4% 13.3% N/A

Total Return Ranking - Trailing

Period TAKJX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% -7.5% 17.7% 84.24%
1 Yr 9.4% -4.7% 18.4% 79.97%
3 Yr N/A* -14.4% 21.6% N/A
5 Yr N/A* -11.4% 37.2% N/A
10 Yr N/A* -4.7% 20.4% N/A

* Annualized

Total Return Ranking - Calendar

Period TAKJX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -4.7% 18.7% N/A
2022 N/A -33.4% 47.8% N/A
2021 N/A -8.4% 12.4% N/A
2020 N/A -9.6% 325.6% N/A
2019 N/A -3.8% 19.4% N/A

NAV & Total Return History


TAKJX - Holdings

Concentration Analysis

TAKJX Category Low Category High TAKJX % Rank
Net Assets 61.3 M 3.13 M 25.3 B 90.52%
Number of Holdings 218 2 4432 74.88%
Net Assets in Top 10 9.05 M -492 M 6.67 B 90.48%
Weighting of Top 10 18.11% 4.2% 146.0% 25.12%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 3.82%
  2. FIXED INC CLEARING CORP.REPO 2.51%
  3. Century Communities, Inc. 2.36%
  4. Pattern Energy Operations LP/Pattern Energy Operations, Inc. 1.88%
  5. Western Digital Corp. 1.35%
  6. Iron Mountain, Inc. 1.34%
  7. Clearway Energy Operating LLC 1.26%
  8. Advanced Drainage Systems, Inc. 1.22%
  9. Vmed O2 UK Financing I PLC 1.19%
  10. Enviri Corp. 1.18%

Asset Allocation

Weighting Return Low Return High TAKJX % Rank
Bonds
96.76% 0.00% 145.36% 33.99%
Cash
3.82% -52.00% 48.02% 45.48%
Other
2.51% -39.08% 99.23% 5.75%
Convertible Bonds
1.03% 0.00% 17.89% 51.72%
Stocks
0.00% 0.00% 97.54% 83.01%
Preferred Stocks
0.00% 0.00% 4.97% 63.38%

Bond Sector Breakdown

Weighting Return Low Return High TAKJX % Rank
Corporate
96.02% 0.00% 100.00% 43.26%
Cash & Equivalents
3.82% 0.00% 48.02% 39.74%
Derivative
0.00% -14.58% 42.26% 53.86%
Securitized
0.00% 0.00% 97.24% 65.95%
Municipal
0.00% 0.00% 1.17% 39.31%
Government
0.00% 0.00% 99.07% 57.07%

Bond Geographic Breakdown

Weighting Return Low Return High TAKJX % Rank
US
96.76% 0.00% 126.57% 25.78%
Non US
0.00% 0.00% 96.91% 61.90%

TAKJX - Expenses

Operational Fees

TAKJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.02% 38.33% 55.90%
Management Fee 0.55% 0.00% 1.75% 46.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

TAKJX 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

TAKJX 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.

TAKJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 1.00% 255.00% 11.31%

TAKJX - Distributions

Dividend Yield Analysis

TAKJX Category Low Category High TAKJX % Rank
Dividend Yield 6.15% 0.00% 11.76% 65.58%

Dividend Distribution Analysis

TAKJX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

TAKJX Category Low Category High TAKJX % Rank
Net Income Ratio 3.31% -2.39% 9.30% 89.13%

Capital Gain Distribution Analysis

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

Distributions History

View More +

TAKJX - Fund Manager Analysis

Managers

James Schaeffer


Start Date

Tenure

Tenure Rank

Jun 30, 2020

1.92

1.9%

Jim Schaeffer is global head of leveraged finance and serves as a portfolio manager for the various leveraged finance strategies. He is also responsible for stressed and special situation securities, and all restructuring and bankruptcy situations for the firm. In addition, he is a member of the Aegon Asset Management Steering Committee that sets global macro and asset allocation strategies (global macro views) and has responsibility for implementation of those views in the US. Prior to his current role, Jim served as a vice president at PPM America’s Distressed Debt and Workout group.

Benjamin Miller


Start Date

Tenure

Tenure Rank

Jun 30, 2020

1.92

1.9%

Ben Miller, CFA, is co-head of US high yield and a senior portfolio manager responsible for US and global high yield portfolio management. Prior to his current role, Ben held various investment responsibilities ranging from private placement analyst to public fixed income research analyst. He has been in the industry since and started with the firm and its affiliates in 1993. Ben received his BA from the University of Northern Iowa and his MBA from the University of Iowa. He is a CFA® charterholder.

Kevin Bakker


Start Date

Tenure

Tenure Rank

Jun 30, 2020

1.92

1.9%

Kevin Bakker, CFA, is co-head of US high yield and a senior portfolio manager responsible for US and global high yield portfolio management. Prior to his current role, he was a public fixed income research analyst covering high yield and investment grade corporate securities. Prior to joining the firm, Kevin was employed by Archer Daniels Midland in various roles within their commodities trading division. He has been in the industry since and started with the firm in 2003. Kevin received his BA from Loras College and his MBA from the University of Iowa. He is a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.31 8.17