Transamerica Multi-Manager Alternative Strategies Portfolio

C000040887 Fund Overview

Transamerica Multi-Manager Alternative Strategies Portfolio is a US mutual fund managed by Transamerica Funds, categorised as Capital Appreciation / Growth 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 Funds
• Category: Capital Appreciation / Growth Allocation
• Assets under management: $39.31M
• SEC CIK: 0000787623
• SEC series ID: S000015038
• Share class ID: C000040887

C000040887 Investment Objective and Strategy

Transamerica Multi-Manager Alternative Strategies Portfolio 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, Goldman Sachs Asset Management, L.P. (the sub-adviser), seeks to achieve the funds investment objective by investing its assets primarily in underlying Transamerica funds (underlying Transamerica funds). Under normal circumstances, the fund expects to invest primarily in underlying Transamerica funds that use alternative investment strategies as their principal investment strategies and/or invest primarily in alternative asset classes which may include, but are not limited to: Long-short and market-neutral strategies; Tactical, strategic or dynamic investment strategies (bond and/or equity); Arbitrage strategies; Event driven strategies; Real estate strategies; Managed futures strategies; Global macro strategies; Commodities and/or natural resources and/or precious metals; Foreign currency trading strategies; and/or Non-core investments (such as micro-cap stocks, international small cap stocks, high yield credit, emerging markets equities and debt, Treasury Inflation-Protected Securities (TIPS), master limited partnerships (MLPs) and foreign bonds).

The fund may invest from time to time in underlying Transamerica funds that use traditional core investment strategies (e.g., invest in developed market equity securities or U.S. investment grade fixed income securities). The fund may also invest directly in U.S. government securities, short-term commercial paper and/or repurchase agreements. In managing the funds portfolio of investments, the sub-adviser will develop a target asset allocation for the fund using quantitative and qualitative techniques and factors. The sub-advisers approach to asset allocation seeks to budget the funds long term investment risk exposure across risk factors, such as equity risk, interest rate risk, convexity/credit risk, emerging markets risk, commodities risk, equity style factor risk, time series momentum risk and active risk.

An important component of the sub-advisers process is allocating risk across asset classes and strategies to increase diversification and, potentially, reduce volatility. The sub-adviser may change the funds asset allocation at any time without notice to shareholders. The sub-adviser normally adjusts the funds strategic asset allocation as part of its tactical investment process in order to react to changes in the markets, the economic cycle and the macroeconomic environment. The funds portfolio positioning may therefore change over time based on the sub-advisers short- to medium-term market views on dislocations and attractive investment opportunities. The funds investment manager, Transamerica Asset Management, Inc. (the manager) will, among other things, oversee and monitor the sub-adviser and will be solely responsible for selecting the underlying Transamerica funds among which the sub-adviser may allocate the funds assets and overseeing the management of the underlying Transamerica funds.

Each underlying Transamerica fund has its own investment objective, principal investment strategies and investment risks. The sub-adviser for each underlying Transamerica fund decides which securities to purchase and sell for that underlying Transamerica fund. The funds ability to achieve its investment objective depends largely on the performance of the underlying Transamerica funds. The sub-adviser may determine (in its sole discretion) that there are multiple Transamerica funds pursuing an investment strategy or investing principally in an asset class represented in the sub-advisers target asset allocation; in those cases, the sub-adviser may allocate the portion of the funds assets allocated to that strategy or asset class equally among those Transamerica funds using the risk budgeting approach described above.

The Underlying Funds section of the prospectus lists the Transamerica funds currently available for investment by the fund and provides a summary of their respective investment objectives and principal investment strategies, and identifies certain risks of the Transamerica funds. It is not possible to predict the extent to which the fund will be invested in a particular Transamerica fund at any time, and the fund may be a significant shareholder in certain Transamerica funds. The sub-adviser may invest in index-based underlying exchange-traded funds (underlying ETFs) that it selects to gain exposure to asset classes, regions, countries, strategies or sectors that are a part of the sub-advisers asset allocation for the fund, but not otherwise accessible through available Transamerica funds.

The fund may, but is not required to, invest directly in futures contracts as part of the sub-advisers tactical asset allocation and to express the sub-advisers short or medium-term investment views. The use of futures would generally be limited to exchange-traded developed market equity index and U.S. Treasury futures. The fund may also have exposure to derivatives instruments, such as options, futures or forward contracts and swaps through its investments in the Transamerica funds and underlying ETFs. The fund may invest without restriction as to issuer capitalization, country, market, currency, maturity or credit rating.

C000040887 Costs and Fees

C000040887 costs about $290 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.90%
• Gross expense ratio: 2.90%
• Portfolio turnover: 1%
• Brokerage commissions: 0.02 bps of average net assets (SEC N-CEN)

C000040887 Cashflows

Over the 12 months to 2020-04, Transamerica Multi-Manager Alternative Strategies Portfolio had net outflows of $48.83M, from monthly SEC N-PORT filings.

C000040887 Debt Constituents

No individual debt constituents are reported in Transamerica Multi-Manager Alternative Strategies Portfolio's latest SEC N-PORT filing.

C000040887 Prospectus and SEC Filings

Official Transamerica Multi-Manager Alternative Strategies Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-03-20
• Prospectus (485BPOS) — filed 2019-03-21
• Prospectus (485BPOS) — filed 2018-03-22
• Portfolio holdings (N-PORT) — filed 2020-06-24
• Portfolio holdings (N-PORT) — filed 2020-03-27
• Portfolio holdings (N-PORT) — filed 2019-12-20
• Annual census (N-CEN) — filed 2020-01-10
• Annual census (N-CEN) — filed 2019-01-14

Related Funds

Other Capital Appreciation / Growth Allocation funds tracked on ABC INVEST:

• Catalyst/Millburn Hedge Strategy Fund (MBXAX)
• Roundhill Magnificent Seven ETF (MAGS)
• SPDR Bridgewater All Weather ETF (ALLW)
• Capital Appreciation Value Fund (JCAVX)
• Goldman Sachs Growth Strategy Portfolio (GGSIX)

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.