Transamerica BlackRock Global Allocation Managed Risk - Balanced VP
Data updated: 2026-08-26
C000147921 — Transamerica BlackRock Global Allocation Managed Risk - Balanced VP. Holdings, fees, performance and SEC filings.
C000147921 Fund Overview
Transamerica BlackRock Global Allocation Managed Risk - Balanced VP is a US mutual fund managed by Transamerica Series Trust, categorised as United States Multi-Cap / All-Cap Blend / Core 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 Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $178.30M
- 1-year return: 12.1%
- SEC CIK: 0000778207
- SEC series ID: S000047203
- Share class ID: C000147921
C000147921 Investment Objective and Strategy
Transamerica BlackRock Global Allocation Managed Risk - 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 capital appreciation and income while seeking to manage volatility.
Principal investment strategy
The portfolios sub-adviser, Milliman Financial Risk Management LLC (the sub-adviser), seeks to achieve the portfolios objective by investing, under normal circumstances, at least 80% of the portfolios net assets (plus the amount of borrowings, if any, for investment purposes) in Transamerica Morgan Stanley Global Allocation VP (the Underlying Portfolio). The portfolio employs a risk management strategy in an effort to manage return volatility. Under normal circumstances, the Underlying Portfolios sub-adviser, Morgan Stanley Investment Management Inc. (Morgan Stanley), seeks to achieve the portfolios investment objective by investing primarily in a blend of equity and fixed-income securities of U.S. and non-U.S. issuers. Equity securities may include common and preferred stocks, depositary receipts, convertible securities, equity-linked securities, real estate investment trusts (REITs), rights and warrants to purchase equity securities and limited partnership interests.
Fixed-income securities may include mortgage-related or mortgage-backed securities, inflation-linked fixed-income securities, securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities, securities issued or guaranteed by non-U.S. governments, their agencies or instrumentalities, corporate bonds and notes issued by U.S. and non-U.S. entities. The Underlying Portfolios neutral allocation is 60% of net assets in equity securities and 40% of net assets in fixed-income securities, including cash and cash equivalent securities, although this allocation may change and vary significantly in response to changing market conditions, as the sub-adviser to the Underlying Portfolio tactically allocates the Underlying Portfolios assets. The Underlying Portfolios sub-adviser utilizes a top-down investment approach that focuses on asset class, sector, region, country and currency and thematic allocations.
The Underlying Portfolios sub-advisers investment and allocation decisions for the Underlying Portfolio are based on that sub-advisers evaluations, analyses and judgments, taking into account results of its fundamental market research and recommendations generated by the Underlying Portfolios quantitative inputs. The Underlying Portfolios sub-advisers research process generally focuses on the following factors across asset classes: 1) valuation (both relative and absolute), 2) dynamics, including earnings revisions, interest rate policy and inflation expectations and 3) sentiment, such as investor flows and positioning. The Underlying Portfolio may invest in any country, including developing or emerging market countries. The Underlying Portfolio allocates its assets among various countries, including the U.S.
(but in no fewer than three countries). Under normal market conditions and over a full market cycle, the Underlying Portfolios U.S. and non-U.S. exposures will be generally consistent with those of the Underlying Portfolios global multi-asset secondary benchmark, the Transamerica Morgan Stanley Global Allocation VP Blended Benchmark, which consists of the MSCI All Country World Index (60%) and Bloomberg Global Aggregate Index (40%). The Underlying Portfolios investments may be U.S. and non-U.S. dollar denominated. In determining whether to sell a security, the Underlying Portfolios sub-adviser considers a number of factors, including changes in capital appreciation potential, or the overall assessment of asset class, sector, region, country, and currency and thematic allocation shifts. The Underlying Portfolio may invest in equity securities of companies of all capitalization ranges.
The Underlying Portfolio has no credit quality, maturity or duration requirements with respect to its fixed-income investments. The mortgage-backed securities in which the Underlying Portfolio may invest include mortgage pass-through securities that represent a participation interest in a pool of mortgage loans originated by U.S. governmental or private lenders such as banks. The Underlying Portfolio may, but is not required to, use derivative instruments for a variety of purposes, including hedging, risk management, portfolio construction, capital appreciation, or to earn income. Derivatives may be used to increase (long) or decrease (short) exposure to markets and asset classes (equities, bonds, commodities, and/or currencies) as part of the active strategy, or to hedge against currency or broad market risks.
The Underlying Portfolios use of derivatives may involve the purchase and sale of derivative instruments such as futures, options, swaps and structured investments (including commodity-linked notes), and other related instruments and techniques. The Underlying Portfolio may utilize foreign currency forward exchange contracts, which are also derivatives, in connection with its investments in foreign securities. Derivative instruments used by the Underlying Portfolio will be counted toward the portfolios exposure to the types of securities listed above to the extent they have economic characteristics similar to such securities. The Underlying Portfolio may, consistent with its principal investment strategies, invest up to 25% of its total assets in a wholly-owned subsidiary of the Underlying Portfolio organized as a company under the laws of the Cayman Islands (the Subsidiary).
The Subsidiary may invest, directly or indirectly through the use of derivatives, in securities, commodities, commodity-related instruments and other investments, primarily futures, swaps and notes. The Subsidiary has the same investment objective as the Underlying Portfolio and is managed by TAM and sub-advised by Morgan Stanley. Investments in the Subsidiary are intended to provide the portfolio with exposure to commodities markets within the limitations of the federal tax requirements that apply to the portfolio. The Subsidiary primarily obtains its commodity exposure by investing in commodity-linked derivative instruments, which may include, but are not limited to, total return swaps, commodity (U.S. or foreign) futures and commodity-linked notes. The Subsidiary may also invest in other instruments, including fixed-income securities, either as investments or to serve as margin or collateral for its swap positions, and foreign currency transactions (including forward contracts).
The Underlying Portfolio may invest up to 10% of its assets in China A-shares (equity securities of Chinese companies) listed and traded on Chinese stock exchanges such as the Shanghai Stock Exchange or the Shenzhen Stock Exchange. The portfolio seeks to manage return volatility by employing a managed risk strategy. The portfolios managed risk strategy seeks to stabilize the volatility of the portfolio around a target volatility level. Managing to the portfolios volatility target is expected to, on average over time, result in approximately 60% equity-related exposure and approximately 40% fixed-income exposure. Managing to the target volatility level may, at times, result in the portfolios exposures varying significantly from this asset mix goal. The sub-adviser may use derivative instruments to accomplish this goal, which may include: equity futures contracts, treasury futures contracts, currency futures contracts, and other derivative instruments judged by the sub-adviser to be beneficial to achieve the goals of the managed risk strategy.
The sub-adviser may also buy or sell derivative instruments based on one or more market indices in an attempt to maintain the portfolios volatility at the targeted level in an environment in which the sub-adviser expects market volatility to decrease or increase, respectively. The sub-adviser selects individual derivative instruments that it believes will have prices that are highly correlated to the Underlying Portfolios positions. The sub-adviser adjusts derivative instruments to manage overall net portfolio risk exposure, in an attempt to stabilize the volatility of the portfolio around a predetermined target level and reduce the potential for portfolio losses during periods of significant market declines. The sub-adviser seeks to monitor and forecast volatility in the markets using a proprietary model, and adjust the portfolios derivative instruments accordingly.
In addition, the sub-adviser will monitor liquidity levels of relevant derivative instruments and transparency provided by exchanges or the counterparties in derivatives transactions. The sub-adviser may, during periods of rising security prices, implement strategies in an attempt to preserve gains on the portfolios positions. The sub-adviser may, during periods of falling security prices, implement additional strategies in an effort to reduce losses in adverse market conditions. In these situations, the sub-advisers activity could significantly reduce the portfolios net economic exposure to equity securities. Following market declines, a downside rebalancing strategy may be used to decrease the amount of derivative instruments used to hedge the portfolio. The sub-adviser also may adjust derivative instruments to realign individual positions when the portfolios asset allocation profile is rebalanced.
The target volatility level will be set from time to time by the investment manager and sub-adviser and may be adjusted if deemed advisable in the judgment of the investment manager and sub-adviser. Depending on market conditions, scenarios may occur where the portfolio has no positions in any derivative instruments. The portfolio is non-diversified.
C000147921 Holdings
Top 2 holdings of Transamerica BlackRock Global Allocation Managed Risk - Balanced VP by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Transamerica Morgan Stanley Global Allocation VP | 96.88% |
| ICE Futures Europe - Financial Products Division | 0.00% |
C000147921 Portfolio Allocation
Asset-class allocation of Transamerica BlackRock Global Allocation Managed Risk - Balanced VP by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.9% |
C000147921 Performance
Total returns for C000147921 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.0% |
| 1 year | 12.1% |
| 3 years (annualised) | 9.8% |
| 5 years (annualised) | 3.1% |
C000147921 Risk Information
Risk metrics for C000147921, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.2%
C000147921 Costs and Fees
C000147921 costs about $120 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.20%
- Gross expense ratio: 1.24%
- Portfolio turnover: 0%
- Brokerage commissions: 0.07 bps of average net assets (SEC N-CEN)
C000147921 Cashflows
Over the 12 months to 2026-06, Transamerica BlackRock Global Allocation Managed Risk - Balanced VP had net outflows of $15.93M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$3.15M |
| 2026-05 | −$2.24M |
| 2026-04 | −$2.65M |
| 2026-03 | −$4.39M |
| 2026-02 | −$3.44M |
| 2026-01 | −$3.09M |
C000147921 Debt Constituents
No individual debt constituents are reported in Transamerica BlackRock Global Allocation Managed Risk - Balanced VP's latest SEC N-PORT filing.
C000147921 Prospectus and SEC Filings
Official Transamerica BlackRock Global Allocation Managed Risk - 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 United States Multi-Cap / All-Cap Blend / Core 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.