IGTIX — Transamerica Dynamic Income
Data updated: 2021-06-25
IGTIX — Transamerica Dynamic Income. Income Allocation · $107.28M AUM · 1.09% expense ratio · 14.4% 1-yr return. Holdings, fees, performance and SEC filings.
IGTIX Fund Overview
IGTIX — Transamerica Dynamic Income is a US mutual fund managed by Transamerica Funds, categorised as Income 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: Income Allocation
- Assets under management: $107.28M
- 1-year return: 14.4%
- Ticker: IGTIX
- SEC CIK: 0000787623
- SEC series ID: S000034479
- Share class ID: C000105977
IGTIX Investment Objective and Strategy
Transamerica Dynamic Income describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Transamerica Funds.
Investment objective
Seeks high current income as the primary objective
Principal investment strategy
The funds sub-adviser, QS Investors, LLC (the sub-adviser), seeks to achieve the funds objective by investing primarily in a combination of underlying exchange-traded funds (ETFs). The sub-adviser utilizes a dynamic optimization approach that seeks to maximize current income though the use of a proprietary quantitative model. The dynamic approach reallocates the portfolios assets in an effort to maximize income, within the context of the level of risk taken. The model is used as a tool by the sub-adviser in seeking to achieve the funds objective, however the sub-adviser has the ability to use discretion throughout the portfolio implementation process. The sub-advisers asset allocation strategy involves making adjustments to the funds asset mix, utilizing among other things the sub-advisers research on various risk and income considerations, in an effort to maximize yields relative to risks as market and economic conditions change.
The sub-advisers selections of individual ETFs to a given asset class may be driven by income, risk, diversification, liquidity, fees, or other investment considerations. Under normal circumstances, the funds equity allocation will generally vary between approximately 30% and 35% of its net assets. The equity allocation normally involves a combination of domestic and non-U.S. ETFs, consisting of any mixture of large, medium and small-cap styles and pursuing growth or value strategies. The funds allocation to non-U.S. equity ETFs will generally not exceed more than 18% of the total net assets of the fund. The funds allocation to bond ETFs (which may include domestic and non-U.S. government, corporate, high yield and structured bonds, including emerging markets) will generally vary between approximately 65% and 70% of net assets.
The sum of the funds allocation to high yield (commonly known as junk bonds) and emerging market fixed income asset classes will generally not exceed 60% of the funds net assets. The funds allocation to non-U.S. fixed income ETFs will generally not exceed 35% of the net assets of the fund. The sub-adviser dynamically rebalances assets on a monthly basis and rotates the funds assets semi-annually, or as needed dependent upon market conditions, among various asset classes in an effort to take advantage of changing conditions that the sub-adviser believes favor one asset class over another. Based on the analysis of risk and income characteristics, the sub-adviser will increase the allocation to the asset classes that the sub-adviser believes have a higher probability of contributing to a higher yield at a reasonable risk level.
The investment process incorporates a limit of 20% to any single ETF and also employs diversification measures in an effort to ensure the fund includes exposure to multiple asset classes. The sub-adviser uses a largely quantitative process to seek an income focused portfolio that has a high yield and corresponds to a desired risk level. As part of the investment process, the sub-adviser defines a universe of ETFs that generate regular income and then estimates the yield on each ETF. The sub-adviser incorporates various inputs focused on income and risk into the model and includes constraints and metrics that limit asset class exposures to ensure portfolio diversification. The sub-adviser may exercise its judgment in managing the fund and may, in its discretion, adjust, change, or even disregard the quantitative model at any time.
The desired output of the process is a well-diversified income portfolio. It is the fund's goal to pay a monthly dividend that is generally consistent in amount based on current market conditions, including current interest rates. The dividend will be calculated based on estimates of expected dividends from the funds holdings. Actual dividends received by the fund may vary from the estimates, and subsequent monthly dividends will be adjusted accordingly. Each underlying ETF has its own investment objective, principal investment strategies and investment risks. It is not possible to predict the extent to which the fund will be invested in a particular underlying ETF at any time. The fund may be a significant shareholder in certain underlying ETFs. The sub-adviser may change the funds asset allocations and underlying ETFs at any time without investor approval and without notice to investors.
IGTIX Performance
Total returns for IGTIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 14.4% |
IGTIX Risk Information
Risk metrics for IGTIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.0%
IGTIX Costs and Fees
IGTIX costs about $109 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.09%
- Gross expense ratio: 1.15%
- Portfolio turnover: 38%
- Brokerage commissions: 6.10 bps of average net assets (SEC N-CEN)
IGTIX Cashflows
Over the 12 months to 2021-04, Transamerica Dynamic Income had net outflows of $33.30M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-04 | −$3.03M |
| 2021-03 | −$2.60M |
| 2021-02 | −$3.96M |
| 2021-01 | −$2.26M |
| 2020-12 | −$3.83M |
| 2020-11 | −$2.43M |
IGTIX Debt Constituents
No individual debt constituents are reported in Transamerica Dynamic Income's latest SEC N-PORT filing.
IGTIX Prospectus and SEC Filings
Official Transamerica Dynamic Income filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-03-20
- Prospectus (485BPOS) — filed 2019-03-21
- Portfolio holdings (N-PORT) — filed 2021-06-25
- Portfolio holdings (N-PORT) — filed 2021-03-26
- Portfolio holdings (N-PORT) — filed 2020-12-28
- Annual census (N-CEN) — filed 2021-01-13
- Annual census (N-CEN) — filed 2020-01-10
Related Funds
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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.