Transamerica Torray Concentrated Growth VP
Data updated: 2019-11-25
C000021508 — Transamerica Torray Concentrated Growth VP. United States Growth Equity · $219.43M AUM. Holdings, fees, performance and SEC filings.
C000021508 Fund Overview
Transamerica Torray Concentrated Growth VP is a US mutual fund managed by Transamerica Series Trust, categorised as United States Growth Equity. 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: United States Growth Equity
- Assets under management: $219.43M
- SEC CIK: 0000778207
- SEC series ID: S000007931
- Share class ID: C000021508
C000021508 Investment Objective and Strategy
Transamerica Torray Concentrated Growth VP describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Transamerica Series Trust.
Investment objective
Seeks to achieve long-term growth of capital.
Principal investment strategy
Under normal circumstances, the portfolios sub-adviser, Torray LLC (the sub-adviser), will invest at least 80% of the portfolios net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities of large capitalization companies with proven records of increasing earnings on a consistent and sustainable basis. The portfolio considers large capitalization companies to be those companies with market capitalizations of $5 billion or more at the time of purchase. Sustainable growth is a product of businesses generally characterized by durable competitive advantages, high returns on and efficient use of capital, low financial and operating volatility, high levels of recurring revenue and low exposure to cyclical trends. Companies are reviewed on a fundamental basis in the context of long-term secular themes.
The portfolio employs a concentrated approach, investing in 25 to 30 stocks, with a long-term orientation and a quality focus. Correlation of securities and underlying businesses is considered in an effort to minimize risk within the portfolio. Initial positions range from 2% to 3% of assets and may be increased over time to between 5% and 7%. Individual positions will not exceed 7%. Sector weights are independent of benchmarks, ranging from 0% to 35%, and cash is not employed in a tactical or strategic manner. Risk control is an integral part of the sub-advisers process. In the context of security selection, the focus is on quality, which is defined as businesses demonstrating consistent financial and operating metrics through a full business cycle, high returns on capital, appropriate leverage and reasonable valuation.
Risk control is also a primary part of portfolio construction. In order to achieve effective diversification, correlation among existing and prospective holdings is measured through multiple periods, assigning preference to issues exhibiting low correlation to the portfolio and among sectors. Excess (positive or negative) relative performance also initiates a review of a security by the sub-adviser. Positions are reduced or sold if they exhibit excess valuation, reach sector or position limits, show increased business volatility, are replaced by higher conviction ideas or fail to fulfill the original investment thesis.
C000021508 Costs and Fees
C000021508 costs about $97 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.97%
- Gross expense ratio: 0.97%
- Portfolio turnover: 20%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000021508 Cashflows
Over the 12 months to 2019-09, Transamerica Torray Concentrated Growth VP had net inflows of $9.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-09 | −$1.75M |
| 2019-08 | $12.95M |
| 2019-07 | −$1.68M |
C000021508 Debt Constituents
No individual debt constituents are reported in Transamerica Torray Concentrated Growth VP's latest SEC N-PORT filing.
C000021508 Prospectus and SEC Filings
Official Transamerica Torray Concentrated Growth VP filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Growth Equity funds tracked on ABC INVEST:
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.