Transamerica Multi-Manager Alternative Strategies VP

C000132312 Fund Overview

Transamerica Multi-Manager Alternative Strategies VP is a US mutual fund managed by Transamerica Series Trust, 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 Series Trust
• Category: Capital Appreciation / Growth Allocation
• Assets under management: $4.07M
• SEC CIK: 0000778207
• SEC series ID: S000042775
• Share class ID: C000132312

C000132312 Investment Objective and Strategy

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

Investment objective

Seeks long-term capital appreciation.

Principal investment strategy

The portfolio seeks to achieve its investment objective by investing primarily in underlying Transamerica funds (underlying Transamerica portfolios). Under normal circumstances, the portfolio expects to invest primarily in underlying Transamerica portfolios that use alternative investment strategies as their principal investment strategies and/or that 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 portfolio may invest from time to time in underlying Transamerica portfolios that use traditional core investment strategies (e.g., invest in developed market equity securities or U.S. investment grade fixed income securities). The portfolio may also invest directly in U.S. government securities, short-term commercial paper and/or repurchase agreements. In managing the portfolio of investments, Goldman Sachs Asset Management, L.P. (the sub-adviser) will develop a target asset allocation for the portfolio using quantitative and qualitative techniques and factors. The sub-advisers approach to asset allocation seeks to budget the portfolios 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 portfolios asset allocation at any time without notice to shareholders. The sub-adviser normally adjusts the portfolios 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 portfolios 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 portfolios 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 portfolios among which the sub-adviser may allocate the portfolios assets and overseeing the management of the underlying Transamerica portfolios.

Each underlying Transamerica portfolio has its own investment objective, principal investment strategies and investment risks. The sub-adviser for each underlying Transamerica portfolio decides which securities to purchase and sell for that underlying Transamerica portfolio. The portfolios ability to achieve its investment objective depends largely on the performance of the underlying Transamerica portfolio. The sub-adviser may determine (in its sole discretion) that there are multiple underlying Transamerica portfolios 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 portfolios assets allocated to that strategy or asset class equally among those underlying Transamerica portfolios using the risk budgeting approach described above.

The Underlying Portfolios section of the prospectus lists the underlying Transamerica portfolios currently available for investment by the portfolio and provides a summary of their respective investment objectives and principal investment strategies, and identifies certain risks of the underlying Transamerica portfolios. It is not possible to predict the extent to which the portfolio will be invested in a particular underlying Transamerica portfolio at any time, and the portfolio may be a significant shareholder in certain underlying Transamerica portfolios. 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 portfolio, but not otherwise accessible through available underlying Transamerica portfolios.

The portfolio 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 portfolio may also have exposure to derivatives instruments, such as options, futures or forward contracts and swaps through its investments in the underlying Transamerica portfolios and underlying ETFs. The portfolio may invest without restriction as to issuer capitalization, country, market, currency, maturity or credit rating.

C000132312 Costs and Fees

C000132312 costs about $195 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.95%
• Gross expense ratio: 2.39%
• Portfolio turnover: 25%
• Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)

C000132312 Cashflows

Over the 12 months to 2020-03, Transamerica Multi-Manager Alternative Strategies VP had net inflows of $621.20K, from monthly SEC N-PORT filings.

C000132312 Debt Constituents

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

C000132312 Prospectus and SEC Filings

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

• Prospectus (485BPOS) — filed 2019-05-16
• Prospectus (485BPOS) — filed 2018-05-21
• Prospectus (485BPOS) — filed 2017-05-19
• Portfolio holdings (N-PORT) — filed 2020-05-28
• Portfolio holdings (N-PORT) — filed 2020-02-27
• Portfolio holdings (N-PORT) — filed 2019-11-25
• Annual census (N-CEN) — filed 2020-03-13
• Annual census (N-CEN) — filed 2019-03-18

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.