TENIX: Transamerica Event Driven I

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TENIX Transamerica Event Driven I


Profile

TENIX - Profile

Vitals

  • YTD Return 2.3%
  • 3 Yr Annualized Return 3.2%
  • 5 Yr Annualized Return N/A
  • Net Assets $92.4 M
  • Holdings in Top 10 29.4%

52 WEEK LOW AND HIGH

$11.20
$10.22
$11.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.69%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA $1,000,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Transamerica Event Driven Fund
  • Fund Family Name
    Transamerica
  • Inception Date
    Nov 11, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Odell Lambroza

Fund Description

The fund normally invests its assets, directly or synthetically through derivatives, in securities of companies the sub-adviser believes are involved in a corporate or special situation event. The sub-adviser may take long or short positions in seeking to capture idiosyncratic alpha, express a directional view, and/or hedge risks. The fund's portfolio holdings could include, but may not be limited to, convertible securities, debt instruments (whether senior or subordinated), preferred securities, equity securities and/or warrants. It is non-diversified.


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Categories

TENIX - Mutual Fund Categories


Performance

TENIX - Performance

Return Ranking - Trailing

Period TENIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -25.9% 9.9% 16.36%
1 Yr 9.1% -41.4% 22.4% 8.75%
3 Yr 3.2%* -13.9% 11.7% 16.67%
5 Yr N/A* -19.1% 5.7% N/A
10 Yr N/A* -15.7% 10.6% N/A

* Annualized

Return Ranking - Calendar

Period TENIX Return Category Return Low Category Return High Rank in Category (%)
2019 11.3% -39.6% 40.4% 15.63%
2018 -5.4% -32.1% 18.9% 43.26%
2017 3.8% -24.8% 48.2% 48.85%
2016 N/A -51.7% 12.8% N/A
2015 N/A -17.3% 18.1% N/A

Total Return Ranking - Trailing

Period TENIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -25.9% 9.9% 16.36%
1 Yr 9.1% -41.4% 22.4% 8.75%
3 Yr 3.2%* -13.9% 11.7% 22.73%
5 Yr N/A* -19.1% 5.7% N/A
10 Yr N/A* -15.7% 10.6% N/A

* Annualized

Total Return Ranking - Calendar

Period TENIX Return Category Return Low Category Return High Rank in Category (%)
2019 11.3% -39.6% 40.4% 15.63%
2018 -5.4% -32.1% 18.9% 47.52%
2017 3.8% -19.4% 48.2% 61.07%
2016 N/A -51.7% 12.8% N/A
2015 N/A -17.3% 18.1% N/A

NAV & Total Return History


Holdings

TENIX - Holdings

Concentration Analysis

TENIX Category Low Category High TENIX % Rank
Net Assets 92.4 M 559 K 7.8 B 49.71%
Number of Holdings 68 1 2747 69.93%
Net Assets in Top 10 20.7 M -2.97 B 833 M 35.29%
Weighting of Top 10 29.37% 0.0% 200.7% 58.97%

Top 10 Holdings

  1. E-mini S&P 500 Futures Mar20 4.67%
  2. Cyber-Ark Software Limited 0.01% 3.51%
  3. PROOFPOINT, INC. 0.25% 2.99%
  4. Twitter Inc 0.25% 2.83%
  5. RH 0% 2.77%
  6. Jazz Investments I LTD 1.88% 2.65%
  7. Snap Inc 0.75% 2.63%
  8. BofA Finance LLC 0.25% 2.58%
  9. Zillow Group Inc 0.75% 2.38%
  10. Splunk Inc 0.5% 2.35%

Asset Allocation

Weighting Return Low Return High TENIX % Rank
Convertible Bonds
69.19% 0.00% 69.19% 0.65%
Cash
23.69% 0.55% 434.00% 76.47%
Stocks
3.56% -17.84% 93.79% 82.47%
Bonds
2.73% -353.33% 76.05% 62.34%
Preferred Stocks
0.83% 0.00% 9.22% 17.65%
Other
0.00% -194.96% 94.35% 78.43%

Stock Sector Breakdown

Weighting Return Low Return High TENIX % Rank
Consumer Cyclical
32.80% -6.55% 32.80% 0.77%
Technology
20.56% -1.27% 55.61% 4.62%
Communication Services
14.14% -0.18% 14.14% 0.77%
Utilities
13.99% -0.17% 23.75% 3.85%
Energy
6.99% -0.28% 71.39% 33.85%
Consumer Defense
6.25% -0.41% 20.50% 53.85%
Healthcare
2.99% -0.73% 34.26% 80.77%
Financial Services
2.29% -0.86% 25.15% 91.54%
Real Estate
0.00% -0.14% 78.35% 95.38%
Industrials
0.00% -0.55% 38.93% 98.46%
Basic Materials
0.00% -0.13% 13.08% 97.69%

Stock Geographic Breakdown

Weighting Return Low Return High TENIX % Rank
US
3.06% -13.20% 68.75% 57.52%
Non US
0.50% -6.41% 37.45% 79.08%

Bond Sector Breakdown

Weighting Return Low Return High TENIX % Rank
Corporate
75.28% 0.00% 75.28% 0.65%
Cash & Equivalents
24.72% 2.07% 186.99% 77.78%
Derivative
0.00% -0.51% 80.59% 77.12%
Securitized
0.00% 0.00% 24.89% 60.78%
Municipal
0.00% 0.00% 2.75% 54.25%
Government
0.00% -132.75% 97.93% 83.66%

Bond Geographic Breakdown

Weighting Return Low Return High TENIX % Rank
Non US
1.91% -790.03% 47.37% 46.41%
US
0.82% -301.57% 806.32% 62.09%

Expenses

TENIX - Expenses

Operational Fees

TENIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.69% 0.62% 17.48% 68.55%
Management Fee 1.18% 0.39% 1.90% 77.19%
12b-1 Fee 0.00% 0.00% 1.00% 5.10%
Administrative Fee N/A 0.04% 0.45% N/A

Sales Fees

TENIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TENIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TENIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 387.80% 97.63%

Distributions

TENIX - Distributions

Dividend Yield Analysis

TENIX Category Low Category High TENIX % Rank
Dividend Yield 0.00% 0.00% 1.34% 40.94%

Dividend Distribution Analysis

TENIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

TENIX Category Low Category High TENIX % Rank
Net Income Ratio -0.15% -1.60% 5.43% 86.16%

Capital Gain Distribution Analysis

TENIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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Fund Manager Analysis

TENIX - Fund Manager Analysis

Managers

Odell Lambroza


Start Date

Tenure

Tenure Rank

Mar 31, 2015

4.84

4.8%

Mr. Lambroza serves as Portfolio Manager of Advent Capital Management. Prior to joining Advent Capital Management, LLC, Mr. Lambroza was Managing Director of the Convertible Securities Department at SG Cowen, where he managed the trading desk and ran the sales effort. He also managed the US convertible departments at HSBC Securities and Bankers Trust. Mr. Lambroza began his career in the Convertible Securities Department at Merrill Lynch, where he spent nine years working with Mr. Maitland. He graduated from Cornell University with a BS in Computer Engineering.

Tracy Maitland


Start Date

Tenure

Tenure Rank

Mar 31, 2015

4.84

4.8%

Mr. Maitland serves as President & Chief Investment Officer of Advent Capital Management, LLC, overseeing all investment activities of the firm. Prior to founding Advent, he was a Director in the Convertible Securities Department at Merrill Lynch. His experience spans trading, sales, origination and portfolio management of convertible securities. He is a graduate of Columbia University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 39.11 4.67 5.91