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Transamerica Energy Infrastructure
TMLPX (Mutual Fund)
Transamerica Energy Infrastructure
Name
As of 12/03/2024Price
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
44.3%
1 yr return
46.7%
3 Yr Avg Return
18.9%
5 Yr Avg Return
13.9%
Net Assets
$125 M
Holdings in Top 10
64.3%
52 WEEK LOW AND HIGH
$9.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.28%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 18.00%
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 12/03/2024Price
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
TMLPX - Profile
Distributions
- YTD Total Return 44.3%
- 3 Yr Annualized Total Return 18.9%
- 5 Yr Annualized Total Return 13.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.70%
- Dividend Yield 3.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameTransamerica Energy Infrastructure
-
Fund Family NameTransamerica
-
Inception DateApr 30, 2013
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Frey
Fund Description
Under normal circumstances, the fund’s sub‑adviser, Kayne Anderson Capital Advisors, L.P. (the “sub‑adviser”), seeks to achieve the fund’s stated objective by investing at least 80% of the fund’s net assets (plus the amount of borrowings, if any, for investment purposes) in the equity and debt securities of energy infrastructure companies. The fund considers energy infrastructure companies to include midstream companies (such as master limited partnerships (“MLPs”) and US and Canadian midstream corporations), renewable energy infrastructure companies and other issuers in the energy sector.
Midstream companies are companies that own and operate assets used in energy logistics, including transporting, storing, gathering, processing, fractionating, distributing, or marketing of natural gas, natural gas liquids, crude oil or refined products.
Renewable energy infrastructure companies include utilities, independent power producers, developers and other companies that own, provide services for or operate any assets used in the generation, production, distribution, transportation, transmission, storage and marketing of renewable energy, including, but not limited to, solar, wind, hydroelectric, geothermal, biomass power and organic waste.
The sub‑adviser considers the “energy sector” to consist of companies involved in exploring, developing, producing, generating, transporting, transmitting, storing, gathering, processing, fractionating, refining, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products, electricity or renewable energy (“energy-related assets”). Investments in other issuers in the energy sector will consist of companies that own, operate or provide services to energy-related assets.
Investments by the fund may include securities of any capitalization that are publicly traded on an exchange or in the over‑the counter market.
The fund may invest no more than 20% of its total assets in the debt securities of issuers in the energy sector, and no more than 10% of its total assets in debt securities that are rated below investment grade (commonly known as “junk bonds”), including defaulted securities.
The fund may directly invest up to, but not more than, 25% of its total assets in equity or debt securities of MLPs and other entities that are treated as qualified publicly traded partnerships for federal income tax purposes.
The fund may invest in long or short positions using call or put options. The sub‑adviser may take long and short positions in an effort to provide some protection in down markets when compared to a fund that takes only long positions. The fund may also invest in foreign securities, but generally will not invest more than 25% of fund assets in foreign securities.
Options trading is not a core strategy of the fund but may be used by the sub‑adviser to monetize existing positions when price targets are reached, to generate income or for hedging purposes.
The fund may invest a significant portion of its assets in cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market instruments to serve as collateral for the positions the fund takes, to earn income, and for cash management purposes.
The sub‑adviser’s investment process typically includes the identification of entry and exit prices. These prices may be based on the sub‑adviser’s fundamental analysis of the value of the investment, its relative value analysis where the entry or exit price should be based on dollar or yield spreads, or both. The sub‑adviser also routinely discusses sell prices in order to evaluate the relative attractiveness of existing positions versus proposed investments.
The above investment restrictions apply at the time of purchase, and the fund will not be required to reduce a position due solely to market value fluctuations in order to comply with these restrictions.
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 attempts to pay quarterly dividends at a relatively consistent level, but there can be no assurance the fund can continue to do so. This dividend practice can be expected to result in the fund returning capital to its shareholders from time to time. When the fund returns capital, the net asset value of your shares in the fund goes down to reflect that. When a distribution includes what the fund estimates to be a return of capital, the fund will send shareholders a written notice. The tax status of certain distributions may be recharacterized at year-end.
The fund is non‑diversified.
TMLPX - Performance
Return Ranking - Trailing
| Period | TMLPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 44.3% | 17.2% | 57.9% | 45.00% |
| 1 Yr | 46.7% | 17.4% | 53.3% | 34.00% |
| 3 Yr | 18.9%* | 11.4% | 42.3% | 88.54% |
| 5 Yr | 13.9%* | 1.5% | 40.3% | 87.37% |
| 10 Yr | 3.6%* | -4.8% | 12.9% | 60.66% |
* Annualized
Return Ranking - Calendar
| Period | TMLPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -2.4% | -14.9% | 18.2% | 94.12% |
| 2022 | 4.0% | -7.0% | 29.9% | 94.90% |
| 2021 | 18.1% | 4.2% | 42.7% | 88.78% |
| 2020 | -17.5% | -57.4% | 155.1% | 11.34% |
| 2019 | 9.5% | -8.9% | 18.9% | 24.14% |
Total Return Ranking - Trailing
| Period | TMLPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 44.3% | 17.2% | 57.9% | 45.00% |
| 1 Yr | 46.7% | 17.4% | 53.3% | 34.00% |
| 3 Yr | 18.9%* | 11.4% | 42.3% | 88.54% |
| 5 Yr | 13.9%* | 1.5% | 40.3% | 87.37% |
| 10 Yr | 3.6%* | -4.8% | 12.9% | 60.66% |
* Annualized
Total Return Ranking - Calendar
| Period | TMLPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.0% | -9.3% | 25.5% | 94.12% |
| 2022 | 9.1% | -1.2% | 38.8% | 95.92% |
| 2021 | 23.5% | 14.5% | 56.2% | 93.88% |
| 2020 | -11.3% | -53.9% | 155.1% | 9.28% |
| 2019 | 15.7% | -3.4% | 22.4% | 16.09% |
NAV & Total Return History
TMLPX - Holdings
Concentration Analysis
| TMLPX | Category Low | Category High | TMLPX % Rank | |
|---|---|---|---|---|
| Net Assets | 125 M | 22 M | 53.1 B | 79.63% |
| Number of Holdings | 24 | 17 | 89 | 70.59% |
| Net Assets in Top 10 | 80 M | 23.7 M | 3.63 B | 80.39% |
| Weighting of Top 10 | 64.29% | 39.1% | 116.1% | 57.84% |
Top 10 Holdings
- ONEOK, Inc. 8.76%
- Targa Resources Corp. 8.49%
- Williams Cos., Inc. 8.41%
- MPLX LP 7.13%
- Energy Transfer LP 6.68%
- Enterprise Products Partners LP 5.65%
- FIXED INC CLEARING CORP.REPO 5.12%
- Cheniere Energy, Inc. 4.86%
- Western Midstream Partners LP 4.60%
- Kinder Morgan, Inc. 4.59%
Asset Allocation
| Weighting | Return Low | Return High | TMLPX % Rank | |
|---|---|---|---|---|
| Stocks | 94.63% | 53.33% | 136.34% | 89.22% |
| Other | 5.12% | -36.30% | 5.12% | 0.98% |
| Cash | 0.25% | 0.00% | 13.09% | 73.53% |
| Preferred Stocks | 0.00% | 0.00% | 2.23% | 21.57% |
| Convertible Bonds | 0.00% | 0.00% | 5.29% | 16.67% |
| Bonds | 0.00% | 0.00% | 40.73% | 18.63% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TMLPX % Rank | |
|---|---|---|---|---|
| Energy | 69.31% | 53.73% | 100.00% | 94.12% |
| Utilities | 29.20% | 0.00% | 41.78% | 4.90% |
| Basic Materials | 1.49% | 0.00% | 6.40% | 13.73% |
| Technology | 0.00% | 0.00% | 2.43% | 38.24% |
| Real Estate | 0.00% | 0.00% | 0.00% | 15.69% |
| Industrials | 0.00% | 0.00% | 4.54% | 45.10% |
| Healthcare | 0.00% | 0.00% | 0.00% | 15.69% |
| Financial Services | 0.00% | 0.00% | 0.66% | 20.59% |
| Communication Services | 0.00% | 0.00% | 0.00% | 15.69% |
| Consumer Defense | 0.00% | 0.00% | 0.82% | 23.53% |
| Consumer Cyclical | 0.00% | 0.00% | 1.07% | 24.51% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TMLPX % Rank | |
|---|---|---|---|---|
| US | 94.63% | 48.92% | 136.34% | 52.94% |
| Non US | 0.00% | 0.00% | 39.30% | 63.73% |
TMLPX - Expenses
Operational Fees
| TMLPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.28% | 0.35% | 8.81% | 77.23% |
| Management Fee | 1.05% | 0.35% | 1.38% | 69.44% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 6.35% |
| Administrative Fee | N/A | 0.04% | 0.15% | 6.67% |
Sales Fees
| TMLPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| TMLPX 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.
| TMLPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 6.00% | 166.00% | 8.33% |
TMLPX - Distributions
Dividend Yield Analysis
| TMLPX | Category Low | Category High | TMLPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.73% | 0.00% | 15.34% | 25.00% |
Dividend Distribution Analysis
| TMLPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| TMLPX | Category Low | Category High | TMLPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.70% | -2.83% | 5.84% | 14.85% |
Capital Gain Distribution Analysis
| TMLPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.086 | OrdinaryDividend |
| Mar 21, 2024 | $0.076 | OrdinaryDividend |
| Dec 21, 2023 | $0.271 | OrdinaryDividend |
| Sep 25, 2023 | $0.073 | OrdinaryDividend |
| Jun 26, 2023 | $0.071 | OrdinaryDividend |
| Mar 27, 2023 | $0.070 | OrdinaryDividend |
| Dec 21, 2022 | $0.079 | ReturnOfCapital |
| Oct 18, 2022 | $0.004 | OrdinaryDividend |
| Sep 27, 2022 | $0.078 | ReturnOfCapital |
| Jun 24, 2022 | $0.083 | ReturnOfCapital |
| Mar 25, 2022 | $0.082 | ReturnOfCapital |
| Dec 21, 2021 | $0.072 | OrdinaryDividend |
| Sep 27, 2021 | $0.073 | ReturnOfCapital |
| Jun 25, 2021 | $0.075 | ReturnOfCapital |
| Mar 26, 2021 | $0.063 | ReturnOfCapital |
| Dec 21, 2020 | $0.082 | OrdinaryDividend |
| Sep 25, 2020 | $0.082 | OrdinaryDividend |
| Jun 24, 2020 | $0.084 | OrdinaryDividend |
| Mar 25, 2020 | $0.089 | OrdinaryDividend |
| Dec 19, 2019 | $0.091 | OrdinaryDividend |
| Sep 25, 2019 | $0.093 | OrdinaryDividend |
| Jun 25, 2019 | $0.096 | OrdinaryDividend |
| Mar 25, 2019 | $0.098 | OrdinaryDividend |
| Dec 19, 2018 | $0.087 | OrdinaryDividend |
| Sep 25, 2018 | $0.100 | OrdinaryDividend |
| Jun 26, 2018 | $0.097 | OrdinaryDividend |
| Mar 26, 2018 | $0.088 | OrdinaryDividend |
| Dec 20, 2017 | $0.098 | OrdinaryDividend |
| Sep 26, 2017 | $0.100 | OrdinaryDividend |
| Jun 28, 2017 | $0.107 | OrdinaryDividend |
| Mar 28, 2017 | $0.114 | OrdinaryDividend |
| Dec 20, 2016 | $0.112 | OrdinaryDividend |
| Sep 28, 2016 | $0.114 | OrdinaryDividend |
| Jun 28, 2016 | $0.050 | OrdinaryDividend |
| Mar 29, 2016 | $0.041 | OrdinaryDividend |
| Dec 23, 2015 | $0.076 | OrdinaryDividend |
| Sep 24, 2015 | $0.086 | OrdinaryDividend |
| Jun 24, 2015 | $0.089 | OrdinaryDividend |
| Mar 24, 2015 | $0.108 | OrdinaryDividend |
| Dec 23, 2014 | $0.029 | OrdinaryDividend |
| Dec 23, 2014 | $0.054 | CapitalGainShortTerm |
| Dec 23, 2014 | $0.018 | CapitalGainLongTerm |
| Sep 25, 2014 | $0.072 | OrdinaryDividend |
| Jun 25, 2014 | $0.081 | OrdinaryDividend |
| Mar 25, 2014 | $0.080 | OrdinaryDividend |
| Dec 20, 2013 | $0.063 | OrdinaryDividend |
| Dec 20, 2013 | $0.048 | CapitalGainShortTerm |
| Sep 25, 2013 | $0.054 | OrdinaryDividend |
| Jun 25, 2013 | $0.005 | OrdinaryDividend |
TMLPX - Fund Manager Analysis
Managers
John Frey
Start Date
Tenure
Tenure Rank
Apr 30, 2013
9.09
9.1%
J.C. Frey is a managing partner and co-founder for Kayne Anderson Capital Advisors’ energy infrastructure marketable securities group. He is also the co-head of the renewable energy infrastructure group. He is responsible for overseeing more than $7 billion in assets consisting of the equity and debt securities of energy infrastructure companies including MLP/midstream, LNG infrastructure and renewable energy infrastructure companies. Mr. Frey joined the Kayne Anderson in 1997 and has held various positions including research analyst, co-portfolio manager and portfolio manager. He has been the portfolio manager of the largest and longest tenured MLP hedge fund, Kayne Anderson MLP Fund, L.P. (KAMLP), since its inception in 2000. He is co-founding partner of Kayne Anderson Fund Advisors and is responsible for public investments Kayne Anderson MLP Investment Company (NYSE: KYN), the largest publicly traded MLP-focused closed-end fund in the market today and for Kayne Anderson Midstream/Energy Fund (NYSE:KMF). Additionally, Mr. Frey manages several other co-mingled partnerships and separate accounts on behalf of a distinguished list of high net worth, family office and institutional clients. Prior to joining Kayne Anderson, Mr. Frey was an audit manager in KPMG Peat Marwick’s financial services group, specializing in banking and finance clients, and loan securitizations. Mr. Frey is a Certified Public Accountant and earned a B.S. in Accounting from Loyola Marymount University in 1990 and a Master of Taxation from the University of Southern California in 1991.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 15.78 | 7.75 | 12.18 |
