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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Transamerica Floating Rate

TFLAX | Fund

$8.72

$242 M

6.19%

$0.54

1.01%

Vitals

YTD Return

1.7%

1 yr return

4.0%

3 Yr Avg Return

7.1%

5 Yr Avg Return

4.7%

Net Assets

$242 M

Holdings in Top 10

13.0%

52 WEEK LOW AND HIGH

$8.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.01%

SALES FEES

Front Load 4.75%

Deferred Load N/A

TRADING FEES

Turnover 41.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Transamerica Floating Rate

TFLAX | Fund

$8.72

$242 M

6.19%

$0.54

1.01%

TFLAX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.90%
DIVIDENDS
  • Dividend Yield 6.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Transamerica Floating Rate
  • Fund Family Name
    Transamerica
  • Inception Date
    Oct 31, 2013
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jason Felderman

Fund Description

Under normal circumstances the fund’s sub-adviser, Aegon USA Investment Management, LLC (the “sub-adviser”), seeks to achieve the fund’s objective by investing at least 80% of the fund’s net assets (plus the amount of borrowings, if any, for investment purposes) in floating rate loans or floating rate debt securities. Floating rate loans and floating rate debt securities have interest rates which float, adjust or vary periodically based upon a benchmark indicator, a specified adjustment schedule, or prevailing interest rates. The sub-adviser uses a combination of a global “top-down” analysis of the macroeconomic and interest rate environment and proprietary “bottom-up” research of sectors, industries and securities. In the sub-adviser’s “top-down” approach, the sub-adviser analyzes various fundamental, technical, sentiment and valuation factors that the sub-adviser believes affect the movement of markets and securities prices worldwide. In its proprietary “bottom-up” research, the sub-adviser considers various fundamental and other factors, such as creditworthiness, capital structure, collateral and covenants specific to individual issuers and loans. The sub-adviser uses this combined “top-down” and “bottom-up” approach to determine asset class, sector, security, yield curve and duration positions for the fund. The sub-adviser’s research analysts also generally integrate environmental, social and governance (“ESG”) matters within their analytical process for floating rate debt securities, unsecured fixed rate high yield bonds, certain asset-backed securities (including collateralized loan obligations (“CLOs”)), privately issued debt securities issued pursuant to Rule 144A or Regulation S and certain cash equivalents (including corporate commercial paper) alongside traditional credit metrics as a risk management tool and as a method to identify financially material ESG factors and arrive at an independent, comprehensive view of the investment. The sub-adviser’s research analysts typically do not consider ESG factors when analyzing other investments, including, but not limited to, investments in certain floating rate loans, certain first lien, senior secured term floating rate loans (“senior loans”) to corporate issuers, partnerships and other entities, certain unsecured floating rate loans and floating rate debt securities, certain second lien floating rate loans, certain subordinated bridge loans, money market instruments, certain other fixed rate debt securities, distressed securities that may be in default and have any or no credit rating, certain foreign borrowers and certain foreign debt securities (including emerging market debt securities), exchange traded funds (“ETFs”), cash, certain cash equivalent securities, asset-backed commercial paper, and repurchase agreements. Consideration of ESG matters is subjective and not determinative in the sub-adviser’s investment process. The sub-adviser may conclude that other attributes of an investment outweigh ESG considerations when making investment decisions. The sub-adviser’s research analysts do not take ESG factors into consideration with respect to every investment in the fund. The fund will normally primarily invest in senior loans to corporate issuers, partnerships and other entities. The fund 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 (that is, loans or securities rated below BBB by Standard & Poor’s or Fitch or below Baa by Moody’s or, if unrated, determined to be of comparable quality by the fund’s sub-adviser), and the fund may invest without limitation in such loans and securities. The issuers of the loans in which the fund invests may themselves be rated below investment grade even if the loan itself is not. The fund may invest up to 15% of its net assets in unsecured floating rate loans and floating rate debt securities and up to 15% of its net assets in second lien floating rate loans. The fund may also invest up to 20% of its net assets in subordinated bridge loans, unsecured fixed rate high yield bonds, money market instruments and other fixed rate debt securities, including distressed securities that may be in default and have any or no credit rating. The fund may invest no more than 10% of its net assets in asset-backed securities (including CLOs), and no more than 5% of its net assets in asset-backed securities that are rated below investment grade. The fund may invest in loans of foreign borrowers and foreign debt securities, including emerging market debt securities, but expects that the majority of its total assets will be invested in loans and debt securities of U.S. borrowers or issuers. The sub-adviser considers emerging market countries to be those generally classified by major international financial institutions, such as the World Bank, as less economically mature than developed nations. The fund may invest in ETFs to create exposure to asset classes. The fund may invest in privately issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended.
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TFLAX - Performance

Return Ranking - Trailing

Period TFLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -3.7% 5.5% 14.57%
1 Yr 4.0% -7.6% 7.5% 49.21%
3 Yr 7.1%* 0.0% 9.7% 61.42%
5 Yr 4.7%* 1.7% 7.4% 59.34%
10 Yr 4.1%* 2.6% 20.3% 71.66%

* Annualized

Return Ranking - Calendar

Period TFLAX Return Category Return Low Category Return High Rank in Category (%)
2025 -2.6% -19.1% 2.2% 62.35%
2024 0.0% -4.1% 2.7% 30.20%
2023 1.5% -12.0% 9.7% 90.59%
2022 -5.9% -22.9% 5.1% 19.76%
2021 0.7% -12.2% 11.1% 64.88%

Total Return Ranking - Trailing

Period TFLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -3.7% 5.5% 14.57%
1 Yr 4.0% -7.6% 7.5% 49.21%
3 Yr 7.1%* 0.0% 9.7% 61.42%
5 Yr 4.7%* 1.7% 7.4% 59.34%
10 Yr 4.1%* 2.6% 20.3% 71.66%

* Annualized

Total Return Ranking - Calendar

Period TFLAX Return Category Return Low Category Return High Rank in Category (%)
2025 5.6% -8.3% 8.4% 56.86%
2024 9.1% 4.9% 13.6% 43.92%
2023 10.6% -5.8% 27.3% 91.37%
2022 -1.4% -12.7% 11.7% 27.42%
2021 4.1% -10.2% 22.4% 76.86%

NAV & Total Return History

TFLAX - Holdings

Concentration Analysis

TFLAX Category Low Category High TFLAX % Rank
Net Assets 242 M 28.6 M 13.9 B 77.91%
Number of Holdings 304 2 2534 64.54%
Net Assets in Top 10 33.3 M -191 M 2.12 B 75.30%
Weighting of Top 10 13.00% 5.2% 100.6% 51.81%

Top 10 Holdings

  1. FIXED INC CLEARING CORP.REPO 5.19%
  2. Tenet Healthcare Corp. 1.20%
  3. Allied Universal Holdco LLC 0.93%
  4. Bausch Lomb Corp. 0.87%
  5. PetSmart, Inc. 0.87%
  6. BCPE North Star U.S. HoldCo 2, Inc. 0.86%
  7. Flynn Restaurant Group LP 0.79%
  8. BIFM U.S. Finance LLC 0.78%
  9. Apro LLC 0.77%
  10. Upfield BV 0.76%

Asset Allocation

Weighting Return Low Return High TFLAX % Rank
Bonds 		97.89% 0.00% 161.82% 17.13%
Other 		5.19% -52.39% 26.58% 11.16%
Stocks 		1.33% 0.00% 100.60% 45.82%
Convertible Bonds 		0.65% 0.00% 5.51% 6.43%
Cash 		0.52% -61.90% 16.36% 78.09%
Preferred Stocks 		0.00% -3.99% 8.16% 41.43%

Stock Sector Breakdown

Weighting Return Low Return High TFLAX % Rank
Utilities 		0.00% 0.00% 100.00% 95.56%
Technology 		0.00% 0.00% 100.00% 1.33%
Real Estate 		0.00% 0.00% 48.61% 92.89%
Industrials 		0.00% 0.00% 100.00% 93.33%
Healthcare 		0.00% 0.00% 100.00% 92.89%
Financial Services 		0.00% 0.00% 89.61% 94.22%
Energy 		0.00% 0.00% 100.00% 96.00%
Communication Services 		0.00% 0.00% 100.00% 97.33%
Consumer Defense 		0.00% 0.00% 100.00% 94.22%
Consumer Cyclical 		0.00% 0.00% 97.66% 95.56%
Basic Materials 		0.00% 0.00% 1.36% 93.33%

Stock Geographic Breakdown

Weighting Return Low Return High TFLAX % Rank
US 		1.33% -0.01% 100.60% 45.82%
Non US 		0.00% 0.00% 0.91% 94.02%

Bond Sector Breakdown

Weighting Return Low Return High TFLAX % Rank
Corporate 		98.24% 0.00% 99.80% 12.45%
Cash & Equivalents 		0.52% 0.00% 25.03% 71.71%
Government 		0.01% 0.00% 3.18% 26.91%
Derivative 		0.00% -17.74% 0.69% 82.87%
Securitized 		0.00% 0.00% 91.68% 93.98%
Municipal 		0.00% 0.00% 0.47% 87.55%

Bond Geographic Breakdown

Weighting Return Low Return High TFLAX % Rank
US 		97.89% 0.00% 136.29% 12.35%
Non US 		0.00% 0.00% 63.23% 95.22%

TFLAX - Expenses

Operational Fees

TFLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.03% 5.51% 60.78%
Management Fee 0.49% 0.00% 1.89% 14.23%
12b-1 Fee 0.25% 0.00% 1.00% 52.46%
Administrative Fee N/A 0.02% 0.27% 4.29%

Sales Fees

TFLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 1.00% 5.75% 14.00%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

TFLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

TFLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 4.00% 180.00% 30.17%

TFLAX - Distributions

Dividend Yield Analysis

TFLAX Category Low Category High TFLAX % Rank
Dividend Yield 6.19% 0.00% 10.52% 56.86%

Dividend Distribution Analysis

TFLAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

TFLAX Category Low Category High TFLAX % Rank
Net Income Ratio 2.90% 1.77% 9.82% 84.43%

Capital Gain Distribution Analysis

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

Distributions History

View More +

TFLAX - Fund Manager Analysis

Managers

Jason Felderman

Start Date

Tenure

Tenure Rank

Oct 31, 2013

8.59

8.6%

Jason Felderman, CFA, is a senior leveraged loans portfolio manager responsible for researching, analyzing and trading leveraged loans. Prior to his current role, Jason was employed at American Century Investments and at Deloitte & Touche. He has been in the industry since 2000 and started with the firm in 2003. Jason received his BBA in accounting from the University of Northern Iowa and his MBA from the University of Kansas. He is a CFA® charterholder.

John Bailey

Start Date

Tenure

Tenure Rank

Oct 31, 2013

8.59

8.6%

John Bailey, CFA, is head of leveraged loans responsible for overall management and development of all leveraged loans portfolios. Additionally, he leads the effort to grow the leveraged loan strategies including CLO’s, bank loan mutual funds and separate account portfolios. Prior to his current role, John was a private placement analyst at the firm for three years. Prior to joining the organization, he held various commercial lending positions at American National Bank and the Bank of Nova Scotia. John has been in the industry since 1990 and started with the firm and its affiliates in 1994. He received his BBA in finance and his MBA from the University of Iowa. John is a CFA® charterholder.

Zach Halstead

Start Date

Tenure

Tenure Rank

Mar 01, 2018

4.25

4.3%

Zach Halstead is a senior portfolio manager responsible for researching, analyzing and trading leveraged loans. Prior to his current role, Zach was a research analyst. Prior to joining the credit research team, he was an intern within the client investment solutions team and the Investment Accounting team. Zach has been in the industry since and started with the firm and its affiliates in 2014. He received his BBA from the University of Iowa.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.19 3.25

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