TENIX — Transamerica Event Driven
Data updated: 2021-09-27
TENIX — Transamerica Event Driven. Emerging Markets Blend / Core Equity · $61.71M AUM · 1.41% expense ratio. Holdings, fees, performance and SEC filings.
TENIX Fund Overview
TENIX — Transamerica Event Driven is a US mutual fund managed by Transamerica Funds, categorised as Emerging Markets 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 Funds
- Category: Emerging Markets Blend / Core Equity
- Assets under management: $61.71M
- 1-year return: 7.5%
- Ticker: TENIX
- SEC CIK: 0000787623
- SEC series ID: S000048673
- Share class ID: C000153393
TENIX Investment Objective and Strategy
Transamerica Event Driven describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Transamerica Funds.
Investment objective
Seeks positive absolute returns.
Principal investment strategy
The funds sub-adviser, Advent Capital Management, LLC (the sub-adviser), normally invests the funds assets, directly or synthetically through derivatives, in securities of companies the sub-adviser believes are involved in a corporate or special situation event. Events may include, but are not limited to, stock repurchase programs, spinoffs, asset sales, restructurings, refinancings, mergers and acquisitions, earnings announcements, and investments driven by special features in bond indentures (such as ratchet clauses and poison puts). The sub-adviser may also invest in opportunities related to securities the sub-adviser believes are mispriced due to market volatility, the economic cycle or market liquidity. The fund may invest in a variety of securities within a companys capital structure, including, but not limited to, debt instruments, convertible securities, preferred securities, equity securities and warrants.
Such securities may be senior or subordinated securities. The funds strategy normally employs a substantial amount of leverage. A large portion of the funds long investment exposure to a companys securities may be established through total return swaps or other derivative instruments that have a leveraging effect on the fund. The fund may also take short positions which involve leverage. The sub-adviser utilizes fundamental research to select investments and seeks to attain the most optimal implementation of its fundamental views in the current market environment through direct investments and/or synthetically through derivatives. In executing its strategy, the fund generally seeks to capture the price difference between a securitys current market price and the anticipated value to be delivered through the successful completion of an extraordinary corporate transaction or a unique event-driven opportunity.
Intensive fundamental and security valuation analysis is applied by the sub-adviser in an effort to identify value and manage risk, as well as to calculate rates of return and monitor investment thesis progress. The fund will generally invest in transactions with identifiable time-frames and high expected returns. To execute the funds strategy, the sub-adviser may take long or short positions in the securities of a company based on fundamental research or technical factors, which may include, but are not limited to, valuation, anticipated earnings releases, technical trading characteristics, and specific corporate events (such as strikes, contract awards, FDA approvals, new product announcements, industry dynamics, or the effects of news from a competitor). The fund generally uses derivatives as part of the overall implementation of its strategy, and derivatives usage may be substantial.
Such derivatives may include total return swaps, credit default swaps, interest rate swaps, forward currency contracts, options on securities and futures transactions. Derivatives may be used in different ways within the fund. For example, derivatives may be used as a substitute for a direct investment in stocks, bonds or convertible securities. Derivatives also may be used for speculative or hedging purposes. Derivatives used by the fund may involve leverage. When the fund uses derivatives with a leveraging effect, changes in the value of the funds investments will have a larger effect on its share price than if it did not use such derivatives. Other risks also are magnified and there are costs associated with using leverage. The fund may have to liquidate portfolio positions when it may not be advantageous to do so to satisfy its obligations or to comply with the applicable segregation requirements.
The fund will invest primarily in companies in developed markets, but may invest up to 20% of its assets in companies located in emerging markets. The fund may invest without limit in companies in non-U.S. developed markets and in lower investment grade and non-investment grade fixed income securities (commonly known as junk bonds). The sub-adviser expects the average duration of the fixed income securities within the funds portfolio, including the negative duration of short positions in fixed income securities, to be between 3 and 4 years. Duration is a measure of the expected life of a fixed-income security that is used to determine the sensitivity of a security to changes in interest rates. The fund may invest in companies of any capitalization. The fund may have a portfolio turnover rate that is significantly higher than a comparable fund.
The fund is non-diversified.
TENIX Performance
Total returns for TENIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 7.5% |
| 3 years (annualised) | 6.9% |
TENIX Risk Information
Risk metrics for TENIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.7%
TENIX Costs and Fees
TENIX costs about $141 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.41%
- Gross expense ratio: 1.54%
- Portfolio turnover: 170%
- Brokerage commissions: 4.65 bps of average net assets (SEC N-CEN)
TENIX Cashflows
Over the 12 months to 2021-07, Transamerica Event Driven had net outflows of $15.93M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-07 | $29.92K |
| 2021-06 | $22.43K |
| 2021-05 | $81.49K |
| 2021-04 | $16.11K |
| 2021-03 | −$225.19K |
| 2021-02 | $96.52K |
TENIX Debt Constituents
No individual debt constituents are reported in Transamerica Event Driven's latest SEC N-PORT filing.
TENIX Prospectus and SEC Filings
Official Transamerica Event Driven 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 2021-09-27
- Portfolio holdings (N-PORT) — filed 2021-06-25
- Portfolio holdings (N-PORT) — filed 2021-03-26
- 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.