Transamerica Multi-Managed Balanced VP

C000021483 Fund Overview

Transamerica Multi-Managed Balanced VP is a US mutual fund managed by Transamerica Series Trust, categorised as Balanced Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Transamerica Series Trust
• Category: Balanced Allocation
• Assets under management: $1.28B
• 1-year return: 12.7%
• SEC CIK: 0000778207
• SEC series ID: S000007919
• Share class ID: C000021483

C000021483 Investment Objective and Strategy

Transamerica Multi-Managed Balanced VP describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Transamerica Series Trust.

Investment objective

Seeks to provide a high total investment return through investments in a broadly diversified portfolio of stocks, bonds and money market instruments.

Principal investment strategy

Under normal circumstances, the portfolio invests approximately 60% of its net assets in equity securities and approximately 40% of its net assets in fixed-income securities (investing at least 25% of its net assets in fixed-income senior securities being those securities that rank above another security in the event of the companys bankruptcy or liquidation). The portfolio has two sub-advisers. J.P. Morgan Investment Management Inc. (the equity sub-adviser) manages the equity component of the portfolio and Aegon USA Investment Management, LLC (the fixed-income sub-adviser) manages the fixed-income component of the portfolio. The portfolio's investment manager, Transamerica Asset Management, Inc., monitors the allocation of the portfolio's assets between the equity sub-adviser and the fixed-income sub-adviser and rebalances the allocation periodically to maintain these approximate allocations.

Each sub-adviser varies the percentage of assets invested in any one type of security in accordance with its interpretation of economic and market conditions, fiscal and monetary policy, and underlying securities values. Equity component The equity sub-adviser seeks to achieve the portfolio's objective by investing, under normal circumstances, at least 80% of the equity components net assets in equity securities of large- and medium-capitalization U.S. companies. The portfolio may invest in foreign companies. The equity sub-adviser will normally keep the equity component as fully invested in equity securities as practicable. Industry by industry, the portfolio's weightings are generally similar to those of the S&P 500 Index. The equity sub-adviser normally does not look to overweight or underweight industries.

Holdings by industry sector will normally approximate those of the S&P 500 Index. The equity sub-adviser may, but is not required to, use index futures to equitize cash in order to gain general equity market exposure. As part of its investment process, the equity sub-adviser seeks to assess the impact of environmental, social and governance (ESG) factors on many issuers in the universe in which the portfolio invests. The equity sub-advisers assessment is based on an analysis of what it views as key opportunities and risks across industries to seek to identify financially material issues with respect to the portfolios investments in securities and ascertain key issues that merit engagement with issuers. These assessments may not be conclusive and securities of issuers may be purchased and retained by the portfolio for reasons other than material ESG factors while the portfolio may divest or not invest in securities of issuers that may be positively impacted by such factors.

Fixed-income component Under normal circumstances, the fixed-income component of the portfolio is invested primarily in investment grade debt securities, which may include: investment grade corporate debt securities, U.S. government obligations, mortgage-backed securities guaranteed by U.S. government agencies and instrumentalities, and private residential mortgage-backed securities. Investment grade debt securities carry a rating of at least BBB from Standard & Poor's or Fitch or Baa from Moody's or are of comparable quality as determined by the fixed-income sub-adviser. The fixed-income components portfolio weighted average duration will typically range from 3 to 10 years. The fixed-income sub-adviser may also invest the portfolio's assets in U.S. Treasury and agency securities, municipal bonds, asset-backed securities (including collateralized loan obligations (CLOs), collateralized bond obligations (CBOs) and collateralized debt obligations (CDOs)), commercial mortgage-backed securities (CMBS), high quality short-term debt obligations, dollar rolls and repurchase agreements.

The fixed-income sub-advisers investments for the portfolio may include debt securities of foreign issuers, including emerging market debt securities. The fixed-income sub-adviser may invest the portfolio's assets in securities that are denominated in U.S. dollars and in foreign currencies. The portfolio may invest up to 10% of the fixed-income components net assets in emerging market debt securities and up to 10% of the fixed-income components net assets in high-yield debt securities (commonly referred to as junk bonds), but may invest no more than 15% of the fixed-income components net assets in emerging market debt securities and high-yield debt securities combined. The fixed-income sub-adviser considers emerging market countries to be those generally classified by major international financial institutions, such as the World Bank, as less economically mature than developed nations.

Junk bonds are high-risk debt securities rated below investment grade (that is, securities rated below BBB by Standard & Poors or Fitch or below Baa by Moodys or, if unrated, determined to be of comparable quality by the portfolios sub-adviser). In managing the portfolios fixed-income component, the fixed-income sub-adviser uses a combination of a global top-down analysis of the macroeconomic and interest rate environment and proprietary bottom-up research of corporate and government debt, and other debt instruments. In the fixed-income sub-advisers top-down approach, the fixed-income sub-adviser analyzes various fundamental, technical, sentiment and valuation factors that affect the movement of markets and securities prices worldwide. In its proprietary bottom-up research, the fixed-income sub-adviser considers various fundamental and other factors, such as creditworthiness, capital structure, covenants, cash flows and, as applicable, collateral.

The fixed-income sub-adviser uses this combined top-down and bottom-up approach to determine sector, security, yield curve positioning, and duration positions for the fixed-income component of the portfolio. The fixed-income sub-advisers research analysts also generally integrate ESG matters within their analytical process for investment grade debt securities, investment grade corporate debt securities, private residential mortgage-backed securities, certain asset-backed securities (including CLOs, CBOs and CDOs), CMBS, certain cash equivalents (including corporate commercial paper), foreign issuers (including emerging markets debt securities) denominated in U.S. dollars or foreign currency and privately issued debt securities issued pursuant to Rule 144A or Regulation S 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 fixed-income sub-advisers research analysts typically do not consider ESG factors when analyzing other investments, including, but not limited to, investments in U.S. government obligations, mortgage-backed securities guaranteed by U.S. government agencies and instrumentalities, U.S. Treasury and agency securities, municipal bonds, dollars rolls, repurchase agreements, derivatives, asset-backed commercial paper, cash, certain cash equivalent securities and money market instruments. Consideration of ESG matters is subjective and not determinative in the fixed-income sub-advisers investment process. The fixed-income sub-adviser may conclude that other attributes of an investment outweigh ESG considerations when making investment decisions. The fixed-income sub-advisers research analysts do not take ESG factors into consideration with respect to every investment in the portfolio.

The portfolio may, but is not required to, engage in certain investment strategies involving 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 portfolio (such as shortening or lengthening duration), in an attempt to enhance returns or for other purposes. The portfolio may purchase securities on a when-issued, delayed delivery, to be announced or forward commitment basis. The portfolio 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.

C000021483 Holdings

Top 10 holdings of Transamerica Multi-Managed Balanced VP by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000021483 holdings

C000021483 Portfolio Allocation

Asset-class allocation of Transamerica Multi-Managed Balanced VP by percentage of net assets, from the latest SEC N-PORT filing.

C000021483 Performance

Total returns for C000021483 (as of 2026-10-01), from SEC filings.

C000021483 Risk Information

Risk metrics for C000021483, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 8.2%

C000021483 Costs and Fees

C000021483 costs about $64 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.64%
• Gross expense ratio: 0.64%
• Portfolio turnover: 44%
• Brokerage commissions: 0.50 bps of average net assets (SEC N-CEN)

C000021483 Cashflows

Over the 12 months to 2026-06, Transamerica Multi-Managed Balanced VP had net outflows of $70.94M, from monthly SEC N-PORT filings.

C000021483 Debt Constituents

Largest debt holdings of Transamerica Multi-Managed Balanced VP by percentage of net assets, from the latest SEC N-PORT filing.

C000021483 Prospectus and SEC Filings

Official Transamerica Multi-Managed Balanced VP filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-04-30
• Prospectus (485BPOS) — filed 2025-04-30
• Prospectus (485BPOS) — filed 2024-04-29
• Portfolio holdings (N-PORT) — filed 2026-08-26
• Portfolio holdings (N-PORT) — filed 2026-05-26
• Portfolio holdings (N-PORT) — filed 2026-02-25
• Annual census (N-CEN) — filed 2026-03-13
• Annual census (N-CEN) — filed 2025-03-13

Related Funds

Other Balanced Allocation funds tracked on ABC INVEST:

• American Balanced Fund (ABALX)
• Vanguard Wellington Fund (VWELX)
• Franklin Income Fund (FKINX)
• T. Rowe Price Capital Appreciation Fund, Inc. (PRWCX)
• Vanguard Balanced Index Fund (VBINX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.