Transamerica Unconstrained Bond
Data updated: 2026-09-28
C000149085 — Transamerica Unconstrained Bond. Intermediate Corporate Bond · $283.45M AUM · 0.63% expense ratio. Holdings, fees, performance and SEC filings.
C000149085 Fund Overview
Transamerica Unconstrained Bond is a US mutual fund managed by Transamerica Funds, categorised as Intermediate Corporate Bond. 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: Intermediate Corporate Bond
- Assets under management: $283.45M
- 1-year return: 4.5%
- SEC CIK: 0000787623
- SEC series ID: S000047479
- Share class ID: C000149085
C000149085 Investment Objective and Strategy
Transamerica Unconstrained Bond describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Transamerica Funds.
Investment objective
Seeks to maximize total return through a combination of interest income and capital appreciation.
Principal investment strategy
Under normal circumstances, the funds sub-adviser, PineBridge Investments LLC (the sub-adviser), invests at least 80% of the funds net assets (plus the amount of borrowings, if any, for investment purposes) in bonds. The fund may invest in investment grade and below investment grade (commonly known as junk bonds) fixed income securities issued by domestic and foreign issuers, including those in emerging market countries. The bonds in which the fund may invest may be issued by governments, their agencies or instrumentalities, and corporate issuers. The fund will not be constrained by management against an index. The fund may invest opportunistically across a broad array of fixed income segments including but not limited to U.S. government bonds, inflation-protected securities, international government bonds, municipal bonds, intermediate maturity corporate bonds, long maturity corporate bonds, bank loans (including loan participations and loan assignments), high yield bonds, emerging markets sovereign bonds, emerging market corporate bonds, emerging market local currency debt, asset-backed securities (including collateralized loan obligations (CLOs)), mortgage-backed securities, commercial mortgage-backed securities, other securitized assets, and cash/cash equivalents.
The fund has a broad investment universe that covers multiple sectors, quality segments, and security types. Yield curve exposure can be from U.S. or non-U.S. sectors. On a portfolio level, the fund actively manages duration and yield curve positioning. The average portfolio duration of the fund will normally vary from -3 to 10 years. During periods of market volatility, duration may deviate outside this range. Based on fundamental macroeconomic research and the resulting asset allocation output, the fund may rotate between the different fixed income segments and may exclude certain sectors based on relative attractiveness. No fixed income segment is expected to constitute more than 35% of the fund. While the fund will normally invest primarily in investment grade securities, it may invest without limit in below investment grade issues during periods when the sub-adviser believes there are attractive valuations supported by strong economic fundamentals.
Each segment will be actively managed, with a well-diversified and risk managed sub portfolio of directly invested securities with no more than 5% invested in any non-government issuer. Investments in preferred and convertible securities generally will not exceed 15% of the funds assets. The fund may invest up to 10% of its assets in CLOs. The fund may invest significantly in non-dollar denominated developed and emerging market bonds on a hedged or unhedged basis. The funds bank loan investments may include senior secured floating rate and fixed rate loans or debt, second lien or other subordinated or unsecured floating rate and fixed rate loans or debt and other types of secured or unsecured loans with fixed, floating or variable interest rates. The fund may also invest in To Be Announced (TBA) mortgages and dollar rolls.
The fund may use derivatives such as swaps, futures, forwards and structured investments, for investment purposes or in an effort to hedge and mitigate uncertainties from exposure to such factors as credit, interest rates, inflation, and exchange rates. Swaps, such as interest rate, inflation, or credit default (on indices or individual issues) are allowed as long as the maximum underlying notional value does not exceed 33% of the underlying market value of the fund. When segments are believed to be overvalued, the fund may short indices or individual issues.
C000149085 Holdings
Top 10 holdings of Transamerica Unconstrained Bond by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| State Street Global Advisors | 3.27% |
| United States Treasury | 2.82% |
| State Street Global Advisors | 1.84% |
| United States Treasury | 1.38% |
| Sculptor CLO Ltd | 1.30% |
| Sound Point CLO LTD | 0.79% |
| Dryden Senior Loan Fund | 0.75% |
| LCM Ltd Partnership | 0.74% |
| Canyon Capital CLO Ltd | 0.69% |
| Allegro CLO Ltd | 0.68% |
C000149085 Portfolio Allocation
Asset-class allocation of Transamerica Unconstrained Bond by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 63.6% |
| Securitized | 20.5% |
| Loans | 10.1% |
| Cash & Equivalents | 5.3% |
| Equity | 1.3% |
| Other | 0.1% |
C000149085 Performance
Total returns for C000149085 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.9% |
| 1 year | 4.5% |
| 3 years (annualised) | 6.0% |
| 5 years (annualised) | 2.8% |
C000149085 Risk Information
Risk metrics for C000149085, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.7%
C000149085 Costs and Fees
C000149085 costs about $63 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.63%
- Gross expense ratio: 0.73%
- Portfolio turnover: 65%
- Brokerage commissions: 0.18 bps of average net assets (SEC N-CEN)
C000149085 Cashflows
Over the 12 months to 2026-07, Transamerica Unconstrained Bond had net inflows of $60.46M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $6.70M |
| 2026-06 | $2.23M |
| 2026-05 | −$1.11M |
| 2026-04 | −$4.58M |
| 2026-03 | −$6.61M |
| 2026-02 | $11.45M |
C000149085 Debt Constituents
Largest debt holdings of Transamerica Unconstrained Bond by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 2.82% |
| United States Treasury | 1.38% |
| Hungary Government Bond | 0.58% |
| Land O'lakes, Inc. | 0.55% |
| Banco Mercantil De Norte | 0.54% |
| Fmc Corp. | 0.52% |
| Energy Transfer LP | 0.52% |
| Reinsurance Grp Of Amer | 0.52% |
| Commonwealth Of Bahamas | 0.51% |
| Nota Do Tesouro Nacional | 0.43% |
C000149085 Prospectus and SEC Filings
Official Transamerica Unconstrained Bond filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-05-29
- Prospectus (485BPOS) — filed 2025-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-18
- Portfolio holdings (N-PORT) — filed 2026-03-20
- Annual census (N-CEN) — filed 2026-01-12
- Annual census (N-CEN) — filed 2025-01-10
Related Funds
Other Intermediate Corporate Bond 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.