Transamerica Long/Short Strategy
Data updated: 2020-03-27
C000040881 — Transamerica Long/Short Strategy. Real Estate · $9.15M AUM · 3.76% expense ratio. Holdings, fees, performance and SEC filings.
C000040881 Fund Overview
Transamerica Long/Short Strategy is a US mutual fund managed by Transamerica Funds, categorised as Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Transamerica Funds
- Category: Real Estate
- Assets under management: $9.15M
- SEC CIK: 0000787623
- SEC series ID: S000015033
- Share class ID: C000040881
C000040881 Investment Objective and Strategy
Transamerica Long/Short Strategy describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Transamerica Funds.
Investment objective
Seeks long-term capital appreciation.
Principal investment strategy
The funds sub-adviser, J.P. Morgan Investment Management Inc. (the sub-adviser), employs a long-short equity strategy by investing the funds assets in long and short positions in equity securities selected from a universe of mid- to large capitalization stocks. The equity securities will have market characteristics and capitalizations similar to those included in the Russell 1000 Index 1 and/or the S&P 500 at the time of purchase. In implementing its strategy, the fund invests primarily in common stocks, real estate investment trusts (REITs) and depositary receipts. The fund may also invest, long or short, in stocks of small capitalization companies. The fund purchases securities that the sub-adviser believes are undervalued and sells short securities that the sub-adviser believes are overvalued.
The funds net equity market exposure will typically range from approximately 20% to 40%; however, in response to market conditions, the fund may adjust its equity market exposure. Under normal market conditions, the funds net long equity market exposure will not exceed 60% and its net short equity market exposure will not exceed 20%. Further, the funds gross equity market exposure is limited to 200%. The fund may hold a substantial portion of its total assets in cash when it holds significant short positions. By taking both long and short positions, the fund seeks to provide some protection in down markets when compared to a fund that takes only long positions. Selling stocks short allows the fund to more fully exploit insights into stocks that the funds sub-adviser expects to underperform.
Short sales involve the sale of a security which the fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the fund must borrow the security, and the fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the fund. On behalf of the fund, the sub-adviser buys and sells, as well as shorts and covers shorts in, equity securities and derivatives on those securities according to its own policies, using the research and valuation rankings as a basis for its decisions. In general, the sub-adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. 1 Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell indexes.
Russell is a trademark of Russell Investment Group.
C000040881 Costs and Fees
C000040881 costs about $376 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.76%
- Gross expense ratio: 3.95%
- Portfolio turnover: 694%
- Brokerage commissions: 13.42 bps of average net assets (SEC N-CEN)
C000040881 Cashflows
Over the 12 months to 2020-01, Transamerica Long/Short Strategy had net outflows of $443.94K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-01 | −$478.00K |
| 2019-12 | $979.06K |
| 2019-11 | −$395.00K |
| 2019-10 | $15.00K |
| 2019-09 | $35.00K |
| 2019-08 | −$600.00K |
C000040881 Debt Constituents
No individual debt constituents are reported in Transamerica Long/Short Strategy's latest SEC N-PORT filing.
C000040881 Prospectus and SEC Filings
Official Transamerica Long/Short Strategy filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Real Estate 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.