THCYX: Transamerica High Yield Muni C

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THCYX Transamerica High Yield Muni C


Profile

THCYX - Profile

Vitals

  • YTD Return -10.1%
  • 3 Yr Annualized Return -1.4%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $97.1 M
  • Holdings in Top 10 17.8%

52 WEEK LOW AND HIGH

$10.80
$10.38
$12.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.81%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 54.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -10.1%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Transamerica High Yield Muni
  • Fund Family Name
    Transamerica
  • Inception Date
    Jul 31, 2013
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew Dalton

Fund Description

The fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in municipal fixed-income securities the interest from which is exempt from federal income tax and the federal alternative minimum tax ("AMT") applicable to individuals. It invests primarily in general obligation and revenue bonds issued by U.S. municipal issuers, as well as issuers in U.S. territories and possessions. The fund is non-diversified.


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Categories

Performance

THCYX - Performance

Return Ranking - Trailing

Period THCYX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.1% -15.1% 0.9% 64.14%
1 Yr -7.1% -14.6% 9.9% 53.13%
3 Yr -1.4%* -3.6% 4.5% 40.48%
5 Yr -1.2%* -3.3% 1.9% 34.31%
10 Yr N/A* -1.1% 1.9% N/A

* Annualized

Return Ranking - Calendar

Period THCYX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% -0.7% 9.1% 30.73%
2018 -3.1% -5.7% 9.2% 75.98%
2017 6.3% -9.7% 8.6% 4.38%
2016 -4.6% -6.1% -0.8% 95.42%
2015 2.9% -5.6% 2.9% 1.47%

Total Return Ranking - Trailing

Period THCYX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.1% -15.1% 0.9% 64.14%
1 Yr -7.1% -14.6% 10.7% 53.13%
3 Yr -1.4%* -3.6% 4.5% 43.45%
5 Yr -1.2%* -3.3% 1.9% 40.15%
10 Yr N/A* -1.1% 4.7% N/A

* Annualized

Total Return Ranking - Calendar

Period THCYX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% -0.7% 9.9% 33.85%
2018 -3.1% -5.7% 9.2% 75.98%
2017 6.3% -9.7% 8.8% 8.13%
2016 -4.6% -6.1% 1.0% 95.42%
2015 2.9% -5.6% 5.3% 5.15%

NAV & Total Return History


Holdings

THCYX - Holdings

Concentration Analysis

THCYX Category Low Category High THCYX % Rank
Net Assets 97.1 M 395 K 19.3 B 90.00%
Number of Holdings 335 6 4048 70.71%
Net Assets in Top 10 21 M -40.6 M 2.72 B 90.40%
Weighting of Top 10 17.84% 4.6% 98.9% 21.72%

Top 10 Holdings

  1. COLORADO HEALTH FACS AUTH REV 4% 2.92%
  2. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 2.40%
  3. MONTGOMERY CNTY OHIO SR LIVING REV 6% 1.94%
  4. PAINTED PRAIRIE MET DIST NO 2 COLO 5.25% 1.81%
  5. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.81%
  6. NEW YORK CNTYS TOB TR VI 3.75% 1.56%
  7. CHICAGO ILL 5.43% 1.47%
  8. TOBACCO SETTLEMENT FING CORP N J 5% 1.32%
  9. WESTERN ILL ECONOMIC DEV AUTH HOSP REV 4% 1.32%
  10. CARDINAL OHIO LOC SCH DIST CTFS PARTN 5.25% 1.30%

Asset Allocation

Weighting Return Low Return High THCYX % Rank
Bonds
95.89% 81.55% 142.87% 94.95%
Cash
3.73% -4.51% 17.48% 11.62%
Preferred Stocks
0.37% -43.10% 0.37% 2.02%
Convertible Bonds
0.01% 0.00% 0.01% 2.02%
Stocks
0.00% 0.00% 0.35% 95.96%
Other
0.00% -5.17% 2.08% 87.88%

Bond Sector Breakdown

Weighting Return Low Return High THCYX % Rank
Municipal
94.30% 83.27% 100.00% 88.38%
Cash & Equivalents
3.84% 0.00% 16.36% 12.63%
Corporate
1.59% 0.00% 4.40% 6.06%
Government
0.12% -2.36% 5.69% 11.11%
Derivative
0.11% 0.00% 0.22% 5.05%
Securitized
0.05% 0.00% 0.09% 4.55%

Bond Geographic Breakdown

Weighting Return Low Return High THCYX % Rank
US
86.20% 74.35% 136.82% 94.95%
Non US
9.69% 0.00% 14.36% 17.17%

Expenses

THCYX - Expenses

Operational Fees

THCYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.81% 0.21% 2.89% 9.14%
Management Fee 0.54% 0.00% 1.25% 75.62%
12b-1 Fee 1.00% 0.00% 1.00% 99.14%
Administrative Fee N/A 0.01% 0.35% 11.84%

Sales Fees

THCYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load 1.00% 1.00% 5.50% 97.62%

Trading Fees

THCYX 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.

THCYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 54.00% 6.16% 125.00% 89.90%

Distributions

THCYX - Distributions

Dividend Yield Analysis

THCYX Category Low Category High THCYX % Rank
Dividend Yield 0.00% 0.00% 4.49% 95.50%

Dividend Distribution Analysis

THCYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

THCYX Category Low Category High THCYX % Rank
Net Income Ratio 3.05% 1.99% 5.67% 85.79%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

THCYX - Fund Manager Analysis

Managers

Matthew Dalton


Start Date

Tenure

Tenure Rank

Jul 31, 2013

6.67

6.7%

Matthew Dalton is the Chief Executive Officer and Chief Investment Officer of Belle Haven Investments. Matt has worked exclusively in the fixed income asset class since 1985. Matt left the family farm in central Indiana and began his career at Shearson Lehman Brothers in Chicago. There, he rose to Senior Vice President of the Municipal Trading and Sales Department. In 1994, Matt was recruited to Rodman and Renshaw to head their Municipal Bond Department until joining Belle Haven in 1996. Matt assumed his current position in 2002, utilizing his years of experience in the institutional muni market to launch and guide the firm in the direction of investment management. Matt is the lead portfolio manager for all of Belle Haven’s strategies. Belle Haven’s SMA strategies have earned recognition and awards from Lipper and PSN Top Guns. Matt has been named the top portfolio manager in the United States by Citywire for his management of the Transamerica Intermediate Municipal mutual fund, an effort which earned the fund a 2016 Lipper Fund Award in Lipper’s Three Years Intermediate Municipal Debt Funds category and a 2018 Lipper Fund Award in Lipper’s Five Years Intermediate Municipal Debt Funds category. Matt’s expert commentary has appeared regularly in such publications as The Wall Street Journal, Debtwire, Reuters, The Bond Buyer and Bloomberg News. Matt resides in Katonah, New York with his wife, Chris, and their three children.

Brian Steeves


Start Date

Tenure

Tenure Rank

Mar 01, 2018

2.08

2.1%

Brian Steeves is a portfolio manager and joined Belle Haven Investments, L.P. in 2008.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 28.27 7.02 0.36