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Morningstar

Transamerica Bond C IFLLX

Morningstar Medalist Rating
Medalist Rating as of | See Transamerica Investment Hub
  • NAV / 1-Day Return 7.64  /  0.14 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    1.530%
  • Expense Ratio 1.530%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.70%
  • Effective Duration 6.43 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis IFLLX

Will IFLLX 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 IFLLX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the IFLLX 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 IFLLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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.

by Max Curtin
Published on

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Portfolio Holdings IFLLX

More IFLLX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 472
  • Other Holdings 24
  • % Assets in Top 10 Holdings 19.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fixed Inc Clearing Corp.Repo

3.03
52,084,285
Cash and Equivalents

United States Treasury Notes 1.125%

2.84
48,863,614
Government

United States Treasury Notes 3.375%

2.51
43,277,998
Government

United States Treasury Bonds 2.375%

2.48
42,605,776
Government

Federal National Mortgage Association 2%

2.24
38,545,513
Securitized

United States Treasury Bonds 2.75%

2.06
35,479,442
Government

United States Treasury Notes 2.875%

2.04
35,046,162
Government

United States Treasury Bonds 1.25%

1.83
31,535,527
Government

United States Treasury Bills 0.01%

1.46
25,101,924
Government

United States Treasury Notes 4.125%

1.31
22,589,200
Government