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Transamerica Sustainable Bond
mutual fund
TAQOX
Payout Change
Pending
Price as of:
$8.29
+0.0
+0.0%
primary theme
N/A
share class
TAQOX (Mutual Fund)
Transamerica Sustainable Bond
Payout Change
Pending
Price as of:
$8.29
+0.0
+0.0%
primary theme
N/A
share class
TAQOX (Mutual Fund)
Transamerica Sustainable Bond
Payout Change
Pending
Price as of:
$8.29
+0.0
+0.0%
primary theme
N/A
share class
Name
As of 10/25/2024Price
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
3.5%
1 yr return
12.3%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$23.1 M
Holdings in Top 10
31.4%
52 WEEK LOW AND HIGH
$8.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.08%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 43.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/25/2024Price
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
TAQOX - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.35%
- Dividend Yield 3.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameTransamerica Sustainable Bond
-
Fund Family NameTransamerica
-
Inception DateJul 31, 2020
-
Shares OutstandingN/A
-
Share ClassI2
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCharles Foster
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 fixed-income securities.The fund’s investments in fixed-income securities may include U.S. government and foreign government bonds and notes (including emerging markets), mortgage-backed, commercial mortgage-backed, and asset-backed securities (including collateralized mortgage obligations), investment grade and below (commonly known as “junk bonds”) corporate bonds of issuers in the U.S. and foreign countries (including emerging markets), convertible bonds and other convertible securities, bank loans and loan participations, structured notes, municipal bonds and preferred securities.The fund’s investment in fixed-income securities may also include dollar rolls, inflation-protected securities, repurchase agreements and to be announced (“TBA”) transactions.The fund may invest in securities of any maturity and does not have a target average duration.Under normal circumstances, the fund has an average credit rating of investment grade.The fund’s sub-adviser focuses on fixed-income securities of issuers that are, in the sub-adviser’s view, aligned with sustainability initiatives. The fund’s investment universe is defined by the sub-adviser’s Sustainable Investment Committee (“SIC”) which consists of employees of the sub-adviser and affiliated entities within the global Aegon Asset Management organization, who have responsible investing expertise.Potential investments, except as described below, are screened utilizing the sub-adviser’s proprietary sustainability assessment framework which evaluates issuers or securities using internal and external inputs. The sub-adviser uses positive screening to identify issuers and securities that the sub-adviser believes align with sustainability themes. Using this approach, the sub-adviser avoids investments in issuers, industries or sectors that are in its view inconsistent with its sustainable investing philosophy. The sub-adviser does not utilize a specific exclusions list as part of its sustainability assessment framework.Eligible investments include issuers or securities that are viewed by the sub-adviser as offering products or services that are aligned with long-term sustainability initiatives including, but not limited to, various environmental and societal initiatives.The sub-adviser’s sustainability assessment focuses on key sustainability pillars, including climate change, eco solutions, resource efficiency, health and well-being, inclusion and sustainable growth. These sustainable investment opportunities may also align with many of the United Nations’ Sustainable Development Goals (“SDGs”), a set of goals that seek to address the world’s most pressing sustainability issues. While the SDGs provide a helpful framework for identifying sustainable themes, the sub-adviser relies on its proprietary sustainability assessment to determine the eligible investment universe.The sub-adviser uses a research-driven process in an effort to identify sustainable investment opportunities. The process consists of five primary steps:1. Sustainability research: The sub-adviser generates sustainable investment ideas using a sustainability assessment process to identify fixed-income investments that the sub-adviser believes will contribute to or benefit from the long-term sustainability of the global economy, environment and society. The process combines internal expertise alongside external data to analyze a potential investment’s sustainability profile. Sustainable investment ideas are presented to the SIC for further evaluation.2. Sustainability determination: The SIC reviews the sustainability research and ultimately determines the sustainable investment universe for the fund. The SIC reviews investments for alignment with sustainable initiatives and identifies an eligible investment universe consisting of issuers or securities that are viewed as offering products or services that are aligned with long-term sustainability. Issuers and securities are classified into one of five categories depending on their level of alignment with sustainability initiatives. As an example, category one, category two, and category three may include companies with varying levels of revenues tied to products or services aligned with sustainability initiatives (category one representing “leaders” with the highest amount of such revenues, and category three representing “improvers” with the lowest amount of such revenues). Category four may include companies that the sub-adviser believes do not have a material amount of revenues aligned with sustainability initiatives but are likely not involved in activities that are counter to sustainable initiatives. Category five may include companies that may be involved in controversial activities that are against sustainable initiatives. The sustainability criteria is tailored to the fixed-income sector.3. Economic research and recommendation: 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’s research analysts also generally integrate environmental, social and governance (“ESG”) matters within their analytical process for private residential mortgage-backed securities, commercial mortgage-backed securities, certain asset-backed securities (including collateralized loan obligations), investment grade and below (commonly known as “junk bonds”), corporate bonds of issuers in the U.S. and foreign countries (including emerging markets), certain bank loans and loan participations, structured notes, certain preferred securities and certain cash equivalents (including corporate commercial paper) 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 obligations issued or guaranteed by the U.S. government, its agencies and instrumentalities, convertible bonds, other convertible securities, municipal bonds, derivatives instruments, dollar rolls, inflation-protected securities, repurchase agreements, to be announced transactions, cash and certain cash equivalents. Consideration of ESG matters is subjective and not determinative in the investment process. ESG factors are evaluated separately from the sustainability analysis, and the sub-adviser may conclude that other attributes of an investment outweigh ESG considerations. While the sub-adviser performs sustainability analysis on all holdings in the fund, except as described below, the sub-adviser does not take ESG factors into consideration with respect to every investment in the fund.4. Portfolio construction: The sub-adviser combines the proprietary “bottom-up” research with “top-down” analysis of the macroeconomic and interest rate environments. In the sub-adviser’s “top-down” approach, the sub-adviser analyzes various fundamental, technical, sentiment, and valuation factors that affect the movement of markets and securities prices worldwide. This “top-down” analysis includes a relative value assessment across asset classes as the sub-adviser constructs a sustainability-themed portfolio based on the eligible sustainable investment universe set by the SIC. The fund invests in issuers or securities within categories one through three of the sub-adviser’s sustainability criteria described above.5. Engagement: The sub-adviser’s dedicated Responsible Investment team may engage with issuers in an effort to encourage issuers to enhance the sustainability of their businesses and make positive change.The fund may,but is not required to, utilize 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’s portfolio (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 or forward-commitment basis.All investments by the fund, with the exception of cash, cash equivalents and derivatives instruments, in each case used for duration and/or temporary cashflow management purposes, are subject to the sub-adviser’s sustainability screening process.
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TAQOX - Performance
Return Ranking - Trailing
| Period | TAQOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -4.7% | 11.2% | 18.39% |
| 1 Yr | 12.3% | -0.8% | 24.9% | 22.88% |
| 3 Yr | N/A* | -9.7% | 27.9% | N/A |
| 5 Yr | N/A* | -7.3% | 58.8% | N/A |
| 10 Yr | N/A* | -2.8% | 73.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | TAQOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | N/A | -16.2% | 8.1% | N/A |
| 2024 | N/A | -34.7% | 131.9% | N/A |
| 2023 | N/A | -11.6% | 4.4% | N/A |
| 2022 | N/A | -10.1% | 946.1% | N/A |
| 2021 | N/A | -1.7% | 16.9% | N/A |
Total Return Ranking - Trailing
| Period | TAQOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -4.7% | 11.2% | 18.39% |
| 1 Yr | 12.3% | -0.8% | 24.9% | 22.88% |
| 3 Yr | N/A* | -9.7% | 27.9% | N/A |
| 5 Yr | N/A* | -7.3% | 58.8% | N/A |
| 10 Yr | N/A* | -2.8% | 73.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | TAQOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | N/A | -11.3% | 11.9% | N/A |
| 2024 | N/A | -32.2% | 131.9% | N/A |
| 2023 | N/A | -9.4% | 9.2% | N/A |
| 2022 | N/A | -1.9% | 1009.0% | N/A |
| 2021 | N/A | 1.1% | 21668.0% | N/A |
NAV & Total Return History
TAQOX - Holdings
Concentration Analysis
| TAQOX | Category Low | Category High | TAQOX % Rank | |
|---|---|---|---|---|
| Net Assets | 23.1 M | 2.9 M | 314 B | 97.76% |
| Number of Holdings | 155 | 1 | 17787 | 90.80% |
| Net Assets in Top 10 | 7.12 M | 1.62 M | 36.1 B | 97.24% |
| Weighting of Top 10 | 31.39% | 4.4% | 432.9% | 27.62% |
Top 10 Holdings
- U.S. Treasury Bills 4.35%
- FIXED INC CLEARING CORP.REPO 3.57%
- U.S. Treasury Notes 3.46%
- U.S. Treasury Bonds 3.21%
- Uniform Mortgage-Backed Security 3.13%
- Roche Holdings, Inc. 3.06%
- U.S. Treasury Bonds 2.92%
- Uniform Mortgage-Backed Security, TBA 2.83%
- U.S. Treasury Bonds 2.70%
- State Street Navigator Securities Lending Government Money Market Portfolio 2.16%
Asset Allocation
| Weighting | Return Low | Return High | TAQOX % Rank | |
|---|---|---|---|---|
| Bonds | 84.76% | 0.00% | 993.61% | 82.86% |
| Other | 16.27% | -16.55% | 52.94% | 12.07% |
| Cash | 11.33% | -54.51% | 237.69% | 14.83% |
| Convertible Bonds | 1.64% | 0.00% | 7.93% | 43.15% |
| Stocks | 0.00% | 0.00% | 99.99% | 94.80% |
| Preferred Stocks | 0.00% | 0.00% | 71.02% | 94.07% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TAQOX % Rank | |
|---|---|---|---|---|
| Corporate | 42.77% | 0.00% | 100.00% | 18.23% |
| Securitized | 37.20% | 0.00% | 98.40% | 27.39% |
| Cash & Equivalents | 11.33% | -0.46% | 237.69% | 14.93% |
| Government | 7.64% | 0.00% | 86.23% | 88.77% |
| Derivative | 0.00% | -1.41% | 44.82% | 79.75% |
| Municipal | 0.00% | 0.00% | 100.00% | 97.22% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TAQOX % Rank | |
|---|---|---|---|---|
| US | 84.76% | 0.00% | 993.61% | 80.57% |
| Non US | 0.00% | 0.00% | 35.41% | 93.76% |
TAQOX - Expenses
Operational Fees
| TAQOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.08% | 0.01% | 39.64% | 22.40% |
| Management Fee | 0.41% | 0.00% | 1.76% | 74.59% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| TAQOX 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
| TAQOX 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.
| TAQOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 43.00% | 2.00% | 493.39% | 14.20% |
TAQOX - Distributions
Dividend Yield Analysis
| TAQOX | Category Low | Category High | TAQOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.38% | 0.00% | 10.11% | 85.82% |
Dividend Distribution Analysis
| TAQOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| TAQOX | Category Low | Category High | TAQOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.35% | -1.28% | 4.79% | 72.09% |
Capital Gain Distribution Analysis
| TAQOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.023 | OrdinaryDividend |
| Aug 30, 2024 | $0.023 | OrdinaryDividend |
| Jul 31, 2024 | $0.025 | OrdinaryDividend |
| Apr 30, 2024 | $0.024 | OrdinaryDividend |
| Mar 28, 2024 | $0.022 | OrdinaryDividend |
| Feb 29, 2024 | $0.022 | OrdinaryDividend |
| Jan 31, 2024 | $0.026 | OrdinaryDividend |
| Dec 29, 2023 | $0.022 | OrdinaryDividend |
| Nov 30, 2023 | $0.021 | OrdinaryDividend |
| Oct 31, 2023 | $0.024 | OrdinaryDividend |
| Sep 29, 2023 | $0.022 | OrdinaryDividend |
| Aug 31, 2023 | $0.023 | OrdinaryDividend |
| Jul 31, 2023 | $0.022 | OrdinaryDividend |
| Jun 30, 2023 | $0.020 | OrdinaryDividend |
| May 31, 2023 | $0.022 | OrdinaryDividend |
| Apr 28, 2023 | $0.018 | OrdinaryDividend |
| Mar 31, 2023 | $0.023 | OrdinaryDividend |
| Feb 28, 2023 | $0.019 | OrdinaryDividend |
| Jan 31, 2023 | $0.021 | OrdinaryDividend |
| Dec 30, 2022 | $0.020 | OrdinaryDividend |
| Nov 30, 2022 | $0.019 | OrdinaryDividend |
| Oct 31, 2022 | $0.020 | OrdinaryDividend |
| Sep 30, 2022 | $0.018 | OrdinaryDividend |
| Aug 31, 2022 | $0.020 | OrdinaryDividend |
| Jul 29, 2022 | $0.017 | OrdinaryDividend |
| Jun 30, 2022 | $0.016 | OrdinaryDividend |
| May 31, 2022 | $0.017 | OrdinaryDividend |
| Apr 29, 2022 | $0.015 | OrdinaryDividend |
| Mar 31, 2022 | $0.017 | OrdinaryDividend |
| Feb 28, 2022 | $0.013 | OrdinaryDividend |
| Jan 31, 2022 | $0.014 | OrdinaryDividend |
| Dec 31, 2021 | $0.015 | OrdinaryDividend |
| Nov 30, 2021 | $0.013 | OrdinaryDividend |
| Oct 29, 2021 | $0.014 | OrdinaryDividend |
| Sep 30, 2021 | $0.013 | OrdinaryDividend |
| Aug 31, 2021 | $0.013 | OrdinaryDividend |
| Jul 30, 2021 | $0.013 | OrdinaryDividend |
| Jun 30, 2021 | $0.014 | OrdinaryDividend |
| May 28, 2021 | $0.011 | OrdinaryDividend |
| Apr 30, 2021 | $0.012 | OrdinaryDividend |
| Mar 31, 2021 | $0.014 | OrdinaryDividend |
| Feb 26, 2021 | $0.010 | OrdinaryDividend |
| Jan 29, 2021 | $0.012 | OrdinaryDividend |
| Dec 31, 2020 | $0.012 | OrdinaryDividend |
| Nov 30, 2020 | $0.012 | OrdinaryDividend |
| Oct 30, 2020 | $0.011 | OrdinaryDividend |
| Sep 30, 2020 | $0.010 | OrdinaryDividend |
| Aug 31, 2020 | $0.009 | OrdinaryDividend |
TAQOX - Fund Manager Analysis
Managers
Charles Foster
Start Date
Tenure
Tenure Rank
Jun 30, 2020
1.92
1.9%
Chuck Foster, CFA, is a senior portfolio manager within the client investment solutions group responsible for overseeing highly customized, multi-sector insurance company product portfolios in addition to LDI mandates. He also serves on the portfolio management team for multi-sector and government strategies. Prior to his current role, Chuck held positions in structured finance research and portfolio management, RMBS trading and portfolio management, and US government and money market trading and portfolio management. He has been in the industry since and started with the firm in 2003. Chuck received his BSE and his MBA from the University of Iowa. He is a CFA® charterholder.
James Rich
Start Date
Tenure
Tenure Rank
Jun 30, 2020
1.92
1.9%
James Rich is a senior portfolio manager on the US Sustainable Fixed Income strategy and a member of the Sustainable Investment Committee. He was a key architect of the US Sustainable Fixed Income strategy and led the establishment of the sustainability framework that is used to set the eligible investment universe. Leveraging his portfolio management and deep credit experience, James combines a passion for sustainable investing with fixed income expertise and ESG integration insights to manage the strategy and help the firm develop other ESG/sustainability-focused fixed income strategies. He is also a portfolio manager on the Impact Venture Credit strategy. Prior to his current role, he was a member of the special situation and distressed credit research team, where he applied his bankruptcy and restructuring expertise to the firm’s exposure to global stressed, distressed, and special situation securities. Prior to joining the firm, James worked in private equity at Madison Dearborn Partners and in private equity and investment banking at Morgan Stanley. James has been in the industry since 2003 and started with the firm in 2008. He received his Sc.B. from Brown University and his MBA with Distinction from the Kellogg School of Management at Northwestern University. James maintains his Series 3 registration with the National Futures Association.
Bradley Doyle
Start Date
Tenure
Tenure Rank
Jun 30, 2020
1.92
1.9%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.78 | 1.16 |
