Transamerica Funds - Transamerica Floating Rate (TFLAX)
| Fund Assets | 252.32M |
| Expense Ratio | 0.98% |
| Min. Investment | $1,000 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.73 |
| Dividend Yield | 7.68% |
| Dividend Growth | 1.76% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 29, 2024 |
| Previous Close | 9.06 |
| YTD Return | 7.03% |
| 1-Year Return | 7.72% |
| 5-Year Return | 18.03% |
| 52-Week Low | 8.98 |
| 52-Week High | 9.08 |
| Beta (5Y) | n/a |
| Holdings | 276 |
| Inception Date | Oct 31, 2013 |
About TFLAX
Under normal circumstances the fund's sub-adviser seeks to achieve the fund's objective by investing at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in floating rate loans or floating rate debt securities. It can invest in senior loans of any maturity and quality. The majority of the fund's total assets generally will be invested in floating rate loans or floating rate debt securities rated below investment grade, and the fund may invest without limitation in such loans and securities.
Performance
TFLAX had a total return of 7.72% in the past year. Since the fund's inception, the average annual return has been 3.42%, including dividends.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFHCX | Fidelity | Fidelity Series Floating Rate High Income Fund | n/a |
Top 10 Holdings
12.19% of assets| Name | Symbol | Weight |
|---|---|---|
| Fixed Inc Clearing Corp.Repo | n/a | 4.33% |
| BROADSTREET PARTNERS INC 2024 TERM LOAN B4 | BROPAR L 06.16.31 16 | 1.17% |
| EPICOR SOFTWARE CORPORATION 2024 TERM LOAN E | EGLPT L 05.30.31 11 | 1.02% |
| Allied Universal Holdco LLC / Allied Universal Finance Corporation 7.875% | UNSEAM 7.875 02.15.31 144A | 0.88% |
| MAGENTA SECURITY HOLDINGS LLC 2024 SUPER PRIORITY TERM LOAN | MAGBUY L 07.27.28 5 | 0.84% |
| PETSMART INC 2021 TERM LOAN B | PETM L 02.14.28 1 | 0.82% |
| FIRST BRANDS 2021 TERM LOAN | TRICGR L 03.30.27 5 | 0.80% |
| MH SUB I LLC 2023 TERM LOAN | INET L 05.03.28 18 | 0.80% |
| ABG INTERMEDIATE HLDINGS 2 LLC 2024 TERM LOAN B | AUTBRA L 12.21.28 17 | 0.78% |
| Verscend Holding Corp 2024 Fixed Term Loan B | n/a | 0.77% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 29, 2024 | $0.05755 | Nov 29, 2024 |
| Oct 31, 2024 | $0.06057 | Oct 31, 2024 |
| Sep 30, 2024 | $0.06564 | Sep 30, 2024 |
| Aug 30, 2024 | $0.06169 | Aug 30, 2024 |
| Jul 31, 2024 | $0.06593 | Jul 31, 2024 |
| Jun 28, 2024 | $0.05552 | Jun 28, 2024 |