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Transamerica Bond A IDITX Fund Analysis

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A Team-Oriented Approach Softens the Blow of a Manager Loss at Transamerica Bond; Ratings Unchanged

null Max Curtin

Max Curtin

Analyst Note

Transamerica Bond’s former senior portfolio manager Jeremy Mead departed this subadvised strategy and Aegon USA Investment Management effective Dec. 14, 2022. Mead spent more than 20 years with Aegon over two separate stints, the most recent of which began in 2016. The strategy’s collaborative approach blends the collective expertise of its comanagers. This team-oriented process mitigates the impact of Mead’s departure. Remaining comanagers include Brian Westhoff, Bradley Doyle, and Tyler Knight, who collectively average 24 years of industry experience; Westhoff remains the longest-tenured on this strategy (since 2005) and is the de facto lead manager. The firm named senior manager Sivakumar Rajan to this strategy in response to the loss. Replacing one Aegon veteran manager with another, this remains an experienced manager cohort. Rajan is a generalist by trade and is primarily responsible for portfolio management of investment-grade credit and multisector strategies; he has been with Aegon since 2007 and has 18 years of industry experience. The strategy’s Morningstar Analyst Ratings remain unchanged, ranging from Neutral to Negative depending on share class fees.

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