TBDRX — Transamerica High Quality Bond
Data updated: 2022-12-29
TBDRX — Transamerica High Quality Bond. Bond · $125.56M AUM · 0.95% expense ratio · -5.3% 1-yr return. Holdings, fees, performance and SEC filings.
TBDRX Fund Overview
TBDRX — Transamerica High Quality Bond is a US mutual fund managed by Transamerica Funds, categorised as 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: Bond
- Assets under management: $125.56M
- 1-year return: -5.3%
- Ticker: TBDRX
- SEC CIK: 0000787623
- SEC series ID: S000054679
- Share class ID: C000171793
TBDRX Investment Objective and Strategy
Transamerica High Quality Bond describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Transamerica Funds.
Investment objective
Seeks to provide a high risk-adjusted return while focusing on the preservation of capital.
Principal investment strategy
The fund normally invests primarily in high quality debt securities with short and intermediate maturities, such as corporate bonds and notes, mortgage-backed and asset-backed securities, U.S. Treasury and government agency obligations, securities of foreign issuers (such as Yankee bonds) and repurchase agreements. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in high quality bonds and other investments with similar economic characteristics. The dollar-weighted average effective maturity of the fund generally does not exceed three years under normal circumstances. Individual securities held by the fund may have longer maturities. Short- term debt securities generally fluctuate less in price, and have lower yields, than longer-term securities of comparable quality.
The funds duration generally is between one and three years. Duration is a way of measuring the funds overall sensitivity to interest rate fluctuations. The net asset value of a fund with a shorter duration will generally fluctuate less in response to interest rate changes than that of a fund with a longer duration. The fund considers securities rated BBB- or better by Standard and Poors or Fitch or Baa3 or better by Moodys (and securities that the funds sub-adviser believes are of comparable quality) to be high quality. Investments in higher quality instruments may result in a lower yield than would be available from investments in lower quality instruments. The portfolio managers of the fund use a bottom-up analysis, focusing on the relative value of individual securities. They also analyze the yield curve under multiple market conditions in making maturity and duration decisions for portfolio securities.
The managers of the fund then attempt to select securities that will enable the fund to maintain a stable share price and at the same time to achieve a high level of income. The managers use the same bottom-up approach when deciding which securities to sell. Securities are sold when the fund needs cash to meet redemptions, or when the managers believe that better opportunities exist or that particular securities no longer fit within the overall strategy for achieving the funds goal.
TBDRX Performance
Total returns for TBDRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.3% |
| 3 years (annualised) | -0.9% |
TBDRX Risk Information
Risk metrics for TBDRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.9%
TBDRX Costs and Fees
TBDRX costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 0.95%
- Portfolio turnover: 74%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
TBDRX Cashflows
Over the 12 months to 2022-10, Transamerica High Quality Bond had net outflows of $32.75M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-10 | −$4.78M |
| 2022-09 | −$689.36K |
| 2022-08 | −$6.37M |
| 2022-07 | −$5.71M |
| 2022-06 | $267.40K |
| 2022-05 | −$15.31M |
TBDRX Debt Constituents
No individual debt constituents are reported in Transamerica High Quality Bond's latest SEC N-PORT filing.
TBDRX Prospectus and SEC Filings
Official Transamerica High Quality Bond filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-03-20
- Portfolio holdings (N-PORT) — filed 2022-12-29
- Portfolio holdings (N-PORT) — filed 2022-09-23
- Portfolio holdings (N-PORT) — filed 2022-06-27
- Annual census (N-CEN) — filed 2022-01-12
- Annual census (N-CEN) — filed 2021-01-13
Related Funds
Other 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.