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Morningstar

Transamerica Floating Rate A TFLAX

Morningstar Medalist Rating
Medalist Rating as of | See Transamerica Investment Hub
  • NAV / 1-Day Return 9.04  /  +0.02 %
  • Total Assets 263.2 Mil
  • Adj. Expense Ratio
    0.980%
  • Expense Ratio 0.980%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 8.06%
  • Effective Duration 0.27 years

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 10:22 PM GMT+0

Morningstar’s Analysis TFLAX

Will TFLAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TFLAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TFLAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TFLAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Transamerica Floating Rate A's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings TFLAX

More TFLAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fixed Inc Clearing Corp.Repo

5.27 14.7 Mil
Cash and Equivalents

LIGHT AND WONDER INTERNATIONAL 2024 TERM LOAN

0.81 2.3 Mil
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FIRST BRANDS 2021 TERM LOAN

0.79 2.2 Mil
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PETSMART INC 2021 TERM LOAN B

0.77 2.1 Mil
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SOPHIA L P 2024 TERM LOAN B

0.75 2.1 Mil
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ABG INTERMEDIATE HOLDNGS 2 LLC 2021 TERM LOAN B1

0.73 2.0 Mil
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Verscend Holding Corp 2024 Fixed Term Loan B

0.72 2.0 Mil
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CAESARS ENTERTAINMENT INC. 2024 TERM LOAN B1

0.72 2.0 Mil
Corporate

BROOKFIELD WEC HOLDINGS INC 2024 TERM LOAN

0.71 2.0 Mil
Corporate

Nomad Foods Us Llc Term Loan B4

0.71 2.0 Mil
Corporate