SECURITIES ACT FILE NO. 333-
SECURITIES AND EXCHANGE COMMISSION
UNDER
THE SECURITIES ACT OF 1933
Lea Anne Copenhefer, Esq.
Bingham McCutchen LLP
One Federal Street, Boston, Massachusetts 02110
on behalf of its Series:
TRANSAMERICA PREMIER DIVERSIFIED EQUITY FUND
TRANSAMERICA PREMIER INSTITUTIONAL DIVERSIFIED EQUITY FUND
TRANSAMERICA PREMIER EQUITY FUND
TRANSAMERICA PREMIER INSTITUTIONAL EQUITY FUND
TRANSAMERICA PREMIER FOCUS FUND
TRANSAMERICA PREMIER GROWTH OPPORTUNITIES FUND
on behalf of its Series:
TRANSAMERICA VALUE BALANCED
TRANSAMERICA SCIENCE & TECHNOLOGY
TRANSAMERICA TEMPLETON GLOBAL
TRANSAMERICA CONVERTIBLE SECURITIES
on behalf of its Series:
TRANSAMERICA DIVERSIFIED EQUITY
TRANSAMERICA EQUITY
TRANSAMERICA LEGG MASON PARTNERS ALL CAP
TRANSAMERICA GROWTH OPPORTUNITIES
TRANSAMERICA FLEXIBLE INCOME
St. Petersburg, Florida 33716
(Toll free) 1-888-233-4339
Transamerica Funds
Transamerica Premier Funds
570 Carillon Parkway
St. Petersburg, Florida 33716
Chairman of the Board
Transamerica Asset Management Group
The information in this Information Statement/Prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This Information Statement/ Prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
TRANSAMERICA PREMIER DIVERSIFIED EQUITY FUND
TRANSAMERICA PREMIER INSTITUTIONAL DIVERSIFIED EQUITY FUND
TRANSAMERICA PREMIER EQUITY FUND
TRANSAMERICA PREMIER INSTITUTIONAL EQUITY FUND
TRANSAMERICA PREMIER FOCUS FUND
TRANSAMERICA PREMIER GROWTH OPPORTUNITIES FUND
TRANSAMERICA SCIENCE & TECHNOLOGY
TRANSAMERICA TEMPLETON GLOBAL
TRANSAMERICA DIVERSIFIED EQUITY
TRANSAMERICA EQUITY
TRANSAMERICA LEGG MASON PARTNERS ALL CAP
TRANSAMERICA GROWTH OPPORTUNITIES
TRANSAMERICA FLEXIBLE INCOME
St. Petersburg, Florida 33716
(Toll free) 1-888-233-4339
Reorganization | Target Fund & Shares | Destination Fund & Shares | Page | |||
Group 1 | Transamerica Premier Balanced Fund | Transamerica Balanced | 1 | |||
Investor Class | Class P | |||||
Transamerica Value Balanced | Transamerica Balanced | |||||
Class A | Class A | |||||
Class B | Class B | |||||
Class C | Class C |
Reorganization | Target Fund & Shares | Destination Fund & Shares | Page | |||
Group 2 | Transamerica Premier Diversified Equity Fund | Transamerica Diversified Equity* | 26 | |||
Investor Class | Class P | |||||
Transamerica Premier Institutional | Transamerica Diversified Equity* | |||||
Diversified Equity Fund | ||||||
Institutional Class | Class I | |||||
Transamerica Science & Technology | Transamerica Diversified Equity* | |||||
Class A | Class A | |||||
Class B | Class B | |||||
Class C | Class C | |||||
Class I | Class I | |||||
Transamerica Templeton Global | Transamerica Diversified Equity* | |||||
Class A | Class A | |||||
Class B | Class B | |||||
Class C | Class C | |||||
Group 3 | Transamerica Premier Equity Fund | Transamerica Equity | 60 | |||
Investor Class | Class P | |||||
Transamerica Premier Institutional Equity Fund | Transamerica Equity | |||||
Institutional Class | Class I | |||||
Group 4 | Transamerica Premier Focus Fund | Transamerica Legg Mason Partners | 78 | |||
Investor Class | All Cap** | |||||
Class P | ||||||
Group 5 | Transamerica Premier Growth Opportunities Fund | Transamerica Growth Opportunities | 90 | |||
Investor Class | Class P | |||||
Group 6 | Transamerica Convertible Securities | Transamerica Flexible Income | 102 | |||
Class A | Class A | |||||
Class B | Class B | |||||
Class C | Class C | |||||
Class I | Class I |
* | A newly-organized fund that will have substantially similar investment objectives and principal investment strategies and policies to those of Transamerica Premier Diversified Equity Fund. | |
** | The fund’s name, investment objective and principal investment strategies and policies, and sub-adviser are expected to change on or about November 6, 2009. It is expected that the fund will be renamed Transamerica Focus. |
Where to Get More Information | ||
Each Fund’s current prospectus and statement of additional information, including any applicable supplements thereto. | On file with the SEC (http://www.sec.gov) and available at no charge by calling our toll-free number: [1-800-851-9777] or by visiting our website at www.transamericafunds.com (select either “Transamerica Premier Funds” or “Transamerica Funds” for the Target Funds and “Transamerica Funds” for the Destination Funds). | |
Each Fund’s most recent annual and semi-annual reports to shareholders. | On file with the SEC (http://www.sec.gov) and available at no charge by calling our toll-free number: [1-800-851-9777] or by visiting our website at www.transamericafunds.com |
Where to Get More Information | ||
(select either “Transamerica Premier Funds” or “Transamerica Funds” for the Target Funds and “Transamerica Funds” for the Destination Funds). See “Available Information.” | ||
A statement of additional information for this Information Statement/Prospectus, dated [___], 2009 (the “SAI”). The SAI contains additional information about the Target Funds and the Destination Funds. | On file with the SEC (http://www.sec.gov) and available at no charge by calling our toll-free number: [1-800-851-9777] or by visiting our website at www.transamericafunds.com (select either “Transamerica Premier Funds” or “Transamerica Funds” for the Target Funds and “Transamerica Funds” for the Destination Funds). The SAI is incorporated by reference into this Information Statement/Prospectus. | |
To ask questions about this Information Statement/ Prospectus. | Call our toll-free telephone number: [1-800-851-9777]. |
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Target Funds: | ||||
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Destination Fund: | ||||
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Target Funds: | ||||
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42 | ||||
43 | ||||
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Destination Fund: | ||||
Transamerica Diversified Equity | ||||
60 | ||||
Target Funds: | ||||
67 | ||||
69 | ||||
Destination Fund: | ||||
69 | ||||
78 | ||||
Target Fund: | ||||
78 | ||||
Destination Fund: | ||||
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90 | ||||
Target Fund: | ||||
96 | ||||
Destination Fund: | ||||
97 | ||||
102 | ||||
Target Fund: | ||||
111 | ||||
Destination Fund: | ||||
112 | ||||
118 | ||||
119 | ||||
120 | ||||
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167 | ||||
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A-1 | ||||
B-1 |
• | Each Target Fund will transfer all of its property and assets to the corresponding Destination Fund. In exchange, each Destination Fund will assume all of the liabilities of the corresponding Target Fund and issue shares, as described below. | |
• | The consummation of a particular Reorganization is not contingent on the consummation of any other Reorganization. The Reorganizations are grouped and described together for convenience. | |
• | For each Reorganization involving a Target Fund that is a Transamerica Premier Fund, the Destination Fund will issue a number of its Class I shares or Class P shares to the Target Fund on the closing date of the Reorganization (the “Closing Date”) having a net asset value equal to the aggregate net asset value of such Target Fund’s Institutional Class shares or Investor Class shares, respectively. | |
• | For each Reorganization involving a Target Fund that is a Transamerica Fund, the Destination Fund will issue a number of its Class A shares, Class B shares, Class C shares and - as applicable - Class I shares on the Closing Date having a net asset value equal to the aggregate net asset value of such Target Fund’s Class A shares, Class B shares, Class C shares and - as applicable - Class I shares, respectively. | |
• | Shares of the corresponding class of each Destination Fund will then be distributed on the Closing Date to the corresponding Target Fund’s shareholders in complete liquidation of the Target Fund in proportion to the relative net asset value of their holdings of the applicable class of shares of the Target Fund. Therefore, on the Closing Date, upon completion of the applicable Reorganization, each Target Fund shareholder will hold shares of the corresponding class of the corresponding Destination Fund with the same aggregate net asset value as their holdings of the applicable class of shares of the Target Fund immediately prior to the Reorganization. The net asset value attributable to a class of shares of a Target Fund will be determined using the Target Fund’s valuation policies and procedures and the net asset value attributable to a class of shares of a Destination Fund will be determined using the Destination Fund’s valuation policies and procedures. The portfolio assets of each Target Fund and corresponding Destination Fund are valued using the same valuation policies and procedures. | |
• | Each Target Fund will then be terminated after the Closing Date. | |
• | No sales load, contingent deferred sales charge, commission, redemption fee or other transactional fee will be charged as a result of the Reorganizations. | |
• | Following the Reorganizations, Transamerica Asset Management, Inc. (“TAM”) will continue to act as investment adviser to each Destination Fund and Transamerica Investment Management, LLC (“TIM”) will serve as sub-adviser to each Destination Fund. In the case of Transamerica Legg Mason Partners All Cap — to be renamed Transamerica Focus — it is proposed that the sub-adviser be changed from ClearBridge Advisors, LLC to TIM; shareholder approval of this proposal is the subject of a separate proxy solicitation of shareholders of Transamerica Legg Mason Partners All Cap. In addition, following the Reorganization of Transamerica Templeton Global into Transamerica Diversified Equity, Templeton Investment Counsel, LLC will not sub-advise the combined Destination Fund. |
i
• | The exchange of Target Fund shares for Destination Fund shares in a Reorganization will not result in income, gain or loss being recognized for federal income tax purposes by an exchanging shareholder. The Reorganizations generally will not result in the recognition of gain or loss for federal income tax purposes by any Target Fund or Destination Fund. |
ii
TRANSAMERICA VALUE BALANCED
(each, a “Target Fund” and together, the “Target Funds”)
(the “Destination Fund”)
Target Fund & Shares | Destination Fund & Shares | |
Transamerica Premier Balanced Fund | Transamerica Balanced | |
Investor Class | Class P | |
Transamerica Value Balanced | Transamerica Balanced | |
Class A | Class A | |
Class B | Class B | |
Class C | Class C |
Transamerica Premier Balanced Fund | Transamerica Balanced | |||||||
Investment Objective | The Fund seeks to achieve long-term capital growth and current income with a secondary objective of capital preservation, by balancing investments among stocks, bonds, and cash or cash equivalents. | The objective of the Fund is to seek long-term capital growth and current income with a secondary objective of capital preservation, by balancing investments among stocks, bonds and cash or cash equivalents. | ||||||
Principal Investment Strategies and Policies | The Fund’s sub-adviser, Transamerica Investment Management, LLC (“TIM”), seeks to achieve the Fund’s objective by investing primarily in common stocks and bonds with maturities of less than 30 years. TIM may also invest in cash or cash equivalents such as money market funds and other short-term investment instruments. This requires the managers of each portion of the Fund to be flexible in managing the Fund’s assets. At times, TIM may shift portions held in bonds and stocks according to business and investment conditions. However, at all times, the Fund will hold at least | TIM seeks to achieve the Fund’s objective by investing primarily in common stocks and high quality bonds with maturities of less than 30 years. TIM may also invest in cash or cash equivalents such as money market funds and other short-term investment instruments. This requires the managers of each portion of the Fund to be flexible in managing the Fund’s assets. At times, TIM may shift portions held in bonds and stocks according to business and investment conditions. However, at all times the Fund will hold at least 25% of its assets in non-convertible fixed-income securities. |
1
Transamerica Premier Balanced Fund | Transamerica Balanced | |||||||
25% of its assets in non-convertible fixed-income securities. To achieve its goal, TIM invests in a diversified portfolio of common stocks, bonds, money market instruments and other short-term debt securities issued by companies of all sizes. TIM’s equity and fixed-income management teams work together to build a portfolio of growth stocks combined with bonds that TIM considers to be of good credit quality purchased at favorable prices. TIM uses a “bottom-up” approach to investing. It studies industry and economic trends, but focuses on researching individual issuers. The Fund is constructed one security at a time. Each issuer passes through a research process and stands on its own merits as a viable investment in TIM’s opinion. Equity Investments. TIM uses an intrinsic value discipline in selecting securities, based on strong earnings and cash flows to foster future growth, with the goal of producing a long-term, above-average rate of return. In projecting cash flows and determining earning potential and valuation, TIM uses multiple factors such as: | To achieve its goal, TIM invests in a diversified portfolio of common stocks, bonds, money market instruments and other short-term debt securities issued by companies of all sizes. TIM’s equity and fixed-income management teams work together to build a portfolio of growth stocks combined with bonds that TIM considers to be of good credit quality purchased at favorable prices. TIM uses a “bottom-up” approach to investing. It studies industry and economic trends, but focuses on researching individual issuers. The Fund is constructed one security at a time. Each issuer passes through a research process and stands on its own merits as a viable investment in TIM’s opinion. Equity Investments. TIM uses an intrinsic value discipline in selecting securities, based on strong earnings and cash flows to foster future growth, with the goal of producing a long term, above-average rate of return. In projecting free cash flows and determining earnings potential and valuation, TIM uses multiple factors such as: | |||||||
• the quality of the management team | • the quality of the management team | |||||||
• the company’s ability to earn returns on capital in excess of the cost of capital | • the company’s ability to earn returns on capital in excess of the cost of capital | |||||||
• competitive barriers to entry | • competitive barriers to entry | |||||||
• the financial condition of the company. | • the financial condition of the company. | |||||||
TIM takes a long-term approach to investing and views each investment in a company as owning a piece of the business. Fixed-Income Investments. TIM’s bond management team seeks out bonds with credit strength of the quality that it believes could warrant higher ratings, which, in turn, could lead to higher valuations. To identify these bonds, the bond research team performs in-depth income and credit analysis on companies issuing bonds under consideration for the Fund. It also compiles bond price information from many different bond markets and evaluates how these bonds can be expected to perform with respect to recent economic developments. TIM analyzes this market information daily, negotiating each trade and buying bonds at the best available prices. The Fund may invest in mortgage-backed securities and lower-rated bonds. The Fund may also invest in derivative securities, including futures, options and options on futures, swaps and foreign securities. The Fund may invest its assets in cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market | TIM takes a long-term approach to investing and views each investment in a company as owning a piece of the business. Fixed-Income Investments. TIM’s bond management team seeks out bonds with credit strength of the quality that it believes could warrant higher ratings, which, in turn, could lead to higher valuations. To identify these bonds, the bond research team performs in-depth income and credit analysis on companies issuing bonds under consideration for the Fund. It also compiles bond price information from many different bond markets and evaluates how these bonds can be expected to perform with respect to recent economic developments. TIM analyzes this market information daily, negotiating each trade and buying bonds at what TIM considers to be the best available prices. The Fund may invest in mortgage-backed securities and lower-rated bonds. The Fund may also invest in derivative securities, including futures, options and options on futures, swaps and foreign securities. The Fund may invest its assets in cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this |
2
Transamerica Premier Balanced Fund | Transamerica Balanced | |||||||
instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | |||||||
Investment Adviser | TAM | |||||||
Sub-Adviser | TIM | |||||||
Portfolio Managers | Gary U. Rollé, CFA Portfolio Manager (lead-equity) Gary U. Rollé is Principal, Managing Director, Chief Executive Officer and Chief Investment Officer of TIM. He manages sub-advised funds and institutional separate accounts in the Large Growth Equity discipline. Mr. Rollé joined Transamerica in 1967. From 1980 to 1983 he served as the Chief Investment Officer for SunAmerica then returned to Transamerica as Chief Investment Officer. Throughout his 23 year tenure as CIO, Mr. Rollé has been responsible for creating and guiding the TIM investment philosophy. He holds a B.S. in Chemistry and Economics from the University of California at Riverside and has earned the right to use the Chartered Financial Analyst designation. Mr. Rollé has 41 years of investment experience. | |||||||
Greg D. Haendel, CFA Portfolio Manager (lead-fixed income) Greg D. Haendel is a Portfolio Manager at TIM. Prior to joining TIM in 2003, he worked as a High Yield Intern for Metropolitan West Asset Management, as a Fixed Income Intern for Lehman Brothers in London, as a Mortgage-Backed Portfolio Manager for Co-Bank in Colorado, and as a Global Debt Analyst for Merrill Lynch in New York. Mr. Haendel holds an M.B.A. in Finance and Accounting from The Anderson School at UCLA and received a B.A. in Economics from Amherst College. Mr. Haendel has earned the right to use the Chartered Financial Analyst designation and has 11 years of investment experience. |
3
Transamerica Premier Balanced Fund | Transamerica Balanced | |||||||
Derek S. Brown, CFA Portfolio Manager (co-fixed income) Derek S. Brown is a Portfolio Manager and Director of Fixed Income at TIM. He manages mutual funds, sub-advised funds and institutional accounts in the Fixed Income discipline. Prior to joining TIM in 2005, he served in the portfolio management and fixed income trading departments at Bradford & Marzec, Inc. Mr. Brown also previously worked in the trading departments of Back Bay Advisors and The Boston Company Asset Management. He holds an M.B.A. from Boston College and received a B.A. in Communications Studies from University of Maine. Mr. Brown has earned the right to use the Chartered Financial Analyst designation and has 17 years of investment experience. | ||||||||
Edward S. Han Portfolio Manager (co-equity) Edward S. Han is Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in the Mid Growth Equity discipline and is a member of the Large Growth team. Prior to joining TIM in 1998, he was a Vice President of Corporate Banking at Bank of America. Mr. Han holds an M.B.A. from the Darden Graduate School of Business Administration at the University of Virginia and received his B.A. in Economics from the University of California at Irvine. Mr. Han has 14 years of investment experience. |
4
Transamerica Premier Balanced Fund | Transamerica Balanced | |||||||
John J. Huber, CFA Portfolio Manager (co-equity) John J. Huber is Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in the Mid Growth Equity discipline. Mr. Huber’s analytical responsibilities include covering the Financial Services sector. He joined TIM in 2005 when the firm acquired Westcap Investors, LLC. Prior to Westcap, Mr. Huber was a Senior Associate at Wilshire Associates and an Information Technology Consultant at Arthur Andersen. He earned a B.A. from Columbia University and an M.B.A. from University of California, Los Angeles. Mr. Huber has earned the right to use the Chartered Financial Analyst designation and has 10 years of investment experience. | ||||||||
Peter O. Lopez Portfolio Manager (co-fixed income) Peter O. Lopez is Principal and Director of Research at TIM. He co-manages sub-advised funds and institutional accounts in the Large Growth Equity and Convertible Securities disciplines. Prior to joining TIM in 2003, he was Managing Director at Centre Pacific, LLC. Mr. Lopez also previously served as Senior Fixed Income Analyst for Transamerica Investment Services from 1997-2000. He holds an M.B.A. in Finance and Accounting from the University of Michigan and received a B.A. in Economics from Arizona State University. Mr. Lopez has 17 years of investment experience. | ||||||||
Erik U. Rollé Portfolio Manager (co-equity) Erik U. Rollé is a Securities Analyst and Co-Portfolio Manager at TIM. He co-manages sub-advised funds and institutional separate accounts in the Growth Equity discipline. Prior to joining TIM in 2005, Mr. Rollé worked as a Research Associate at Bradford & Marzec where his primary responsibilities were within trading and credit research. He received a B.S. in Finance and a B.S. in Journalism from the University of Colorado at Boulder. Mr. Rollé has 6 years of investment experience. | ||||||||
Brian W. Westhoff, CFA Portfolio Manager (co-fixed income) Brian W. Westhoff is a Portfolio Manager at TIM. Prior to joining TIM in 2003, Mr. Westhoff worked as an Equity Research Intern with Credit Suisse Asset Management, as a Fixed Income Investment Analyst at St. Paul Companies, and as an Argentine/Oil and Gas Equity Research Intern with Merrill Lynch in Argentina. He holds an M.B.A. |
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Transamerica Premier Balanced Fund | Transamerica Balanced | |||||||
from Thunderbird, the Garvin Graduate School of International Management, and received a B.S. in Business Administration from Drake University. Mr. Westhoff has earned the right to use the Chartered Financial Analyst designation and has 11 years of investment experience. | ||||||||
The Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. | ||||||||
Business | A diversified open-end investment management company organized as a series of Transamerica Premier Funds, a Maryland corporation. | A diversified open-end investment management company organized as a series of Transamerica Funds, a Delaware statutory trust. | ||||||
Net Assets (as of June 30, 2009) | $283,228,011 | $91,211,291 |
Transamerica Premier Balanced Fund | Transamerica Balanced | |||
Sales Charges and Fees | Investor Class shares are offered without an initial sales charge. Investor Class shares are not subject to a contingent deferred sales charge. Investor Class shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.25% of the average daily net assets of the Fund. The fee accrues daily and is based on an annual percentage of the daily average net assets. | Class P shares are offered without an initial sales charge. Class P shares are available only to former investors in Investor Class shares of Transamerica Premier Funds. Class P shares are not subject to a contingent deferred sales charge. Class P shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.25% of the average daily net assets of the Fund. The fee accrues daily and is based on an annual percentage of the daily average net assets. | ||
Advisory Fees | TAM is entitled to receive an advisory fee based on an annual rate of the Fund’s average daily net assets: | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): | ||
• 0.75% for the first $1 billion; | • 0.75% for the first $500 million of assets; | |||
• 0.72% of the next $1 billion; and | • 0.65% for assets over $500 million and up to $1 billion; and | |||
• 0.70% of assets in excess of $2 billion. | • 0.60% for assets over $1 billion.* | |||
For the fiscal year ended December 31, 2008, the Fund paid advisory fees of 0.58% of the Fund’s average daily net assets. | For the fiscal year ended October 31, 2008, the Fund paid advisory fees of 0.80% of the Fund’s average daily net assets. | |||
Fee Waiver and Expense Limitations | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.10%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of | TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the Fund’s net expenses to 1.10% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the Fund through March 1, 2011. |
6
Transamerica Premier Balanced Fund | Transamerica Balanced | |||
such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.10% (other than interest, taxes, brokerage commissions and extraordinary expenses). | ||||
Gross and Net Expenses | For a comparison of the gross and net expenses of the Funds, please see the class fee tables in the “The Funds’ Fees and Expenses” section. |
* | The fee structure shown is the revised fee structure that will be implemented at the time of the Reorganization. The current fee structure is 0.80% for the first $250 million of assets, 0.75% for assets over $250 million and up to $500 million, 0.70% for assets over $500 million and up to $1.5 billion, and 0.625% for assets over $1.5 billion. |
Transamerica Value Balanced | Transamerica Balanced | |||
Investment Objective | The objective of the Fund is preservation of capital and competitive investment returns. | The objective of the Fund is to seek long-term capital growth and current income with a secondary objective of capital preservation, by balancing investments among stocks, bonds and cash or cash equivalents. | ||
Principal Investment Strategies and Policies | TIM seeks to achieve the Fund’s objective by investing Fund assets principally in: • domestic equities whose market capitalization generally exceeds $3 billion • debt obligations of U.S. and foreign issuers, some of which will be convertible into common stocks • U.S. Treasury bonds, notes and bills • money market instruments • mortgage-backed and asset-backed securities To achieve its goal the Fund invests in a diversified portfolio of common stocks, bonds, money market instruments and other short-term debt securities issued by companies of all sizes. TIM’s equity and fixed-income management teams work together to build a portfolio of growth stocks combined with bonds that TIM considers to be of good credit quality purchased at favorable prices. TIM uses a “bottom-up” approach to investing. It studies industry and economic trends, but focuses on researching individual issuers. The Fund is constructed one security at a time. Each issuer passes through a research process and stands on its own merits as a viable investment in TIM’s opinion. Although the Fund will invest primarily in publicly traded U.S. securities, it will be able to invest up to 10% of its total assets in foreign securities, including securities of issuers in emerging countries and securities quoted in foreign currencies. | TIM seeks to achieve the Fund’s objective by investing primarily in common stocks and high quality bonds with maturities of less than 30 years. TIM may also invest in cash or cash equivalents such as money market funds and other short-term investment instruments. This requires the managers of each portion of the Fund to be flexible in managing the Fund’s assets. At times, TIM may shift portions held in bonds and stocks according to business and investment conditions. However, at all times the Fund will hold at least 25% of its assets in non-convertible fixed-income securities. To achieve its goal, TIM invests in a diversified portfolio of common stocks, bonds, money market instruments and other short-term debt securities issued by companies of all sizes. TIM’s equity and fixed-income management teams work together to build a portfolio of growth stocks combined with bonds that TIM considers to be of good credit quality purchased at favorable prices. TIM uses a “bottom-up” approach to investing. It studies industry and economic trends, but focuses on researching individual issuers. The Fund is constructed one security at a time. Each issuer passes through a research process and stands on its own merits as a viable investment in TIM’s opinion. Equity Investments. TIM uses an intrinsic value discipline in selecting securities, based on strong earnings and cash flows to foster future growth, with the goal of producing a long term, above-average rate of return. In projecting free cash flows |
7
Transamerica Value Balanced | Transamerica Balanced | |||
TIM will seek to enhance returns in rising stock markets by increasing its allocation to equity, then seek to protect itself in falling stock markets by reducing equity exposure and shifting into fixed-income investments, as well as into money market funds. However at all times the Fund will hold at least 25% of its assets in non-convertible fixed-income securities. Equity Investments. TIM uses an intrinsic value discipline in selecting securities, based on strong earnings and cash flows to foster future growth, with the goal of producing a long term, above-average rate of return. In projecting free cash flows and determining earnings potential and valuation, TIM uses multiple factors such as: • the quality of the management team • the company’s ability to earn returns on capital in excess of the cost of capital • competitive barriers to entry • the financial condition of the company. Fixed-Income Investments. TIM’s bond management team seeks out bonds with credit strength of the quality that it believes could warrant higher ratings, which, in turn, could lead to higher valuations. To identify these bonds, the bond research team performs in-depth income and credit analysis on companies issuing bonds under consideration for the Fund. It also compiles bond price information from many different bond markets and evaluates how these bonds can be expected to perform with respect to recent economic developments. TIM analyzes this market information daily, negotiating each trade and buying bonds at what TIM considers to be the best available prices. The Fund may invest in mortgage-backed securities and lower-rated bonds. The Fund may also invest in derivative securities, including futures, options and options on futures, swaps and foreign securities. The Fund may invest its assets in cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund | and determining earnings potential and valuation, TIM uses multiple factors such as: • the quality of the management team • the company’s ability to earn returns on capital in excess of the cost of capital • competitive barriers to entry • the financial condition of the company. | |||
TIM takes a long-term approach to investing and views each investment in a company as owning a piece of the business. Fixed-Income Investments. TIM’s bond management team seeks out bonds with credit strength of the quality that it believes could warrant higher ratings, which, in turn, could lead to higher valuations. To identify these bonds, the bond research team performs in-depth income and credit analysis on companies issuing bonds under consideration for the Fund. It also compiles bond price information from many different bond markets and evaluates how these bonds can be expected to perform with respect to recent economic developments. TIM analyzes this market information daily, negotiating each trade and buying bonds at what TIM considers to be the best available prices. The Fund may invest in mortgage-backed securities and lower-rated bonds. The Fund may also invest in derivative securities, including futures, options and options on futures, swaps and foreign securities. The Fund may invest its assets in cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. |
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Transamerica Value Balanced | Transamerica Balanced | |||
has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | ||||
Investment Adviser | TAM | |||
Sub-Adviser | TIM | |||
Portfolio Managers | Greg D. Haendel, CFA Derek S. Brown, CFA Brian W. Westhoff, CFA The biographical information for these portfolio managers is provided above. Scott L. Dinsdale, CFA Portfolio Manager (co-equity) Scott L. Dinsdale is a Senior Securities Analyst at TIM. He re-joined TIM in 2005 after previously serving as a Fixed Income Analyst from 1999-2000. Mr. Dinsdale was a Portfolio Manager and Analyst in the High Yield and Convertible Securities group at Pacific Life Insurance Company and previously worked as a Director at Standard and Poor’s Ratings Group. He holds an M.B.A. in Finance and International Business from the Stern School of Business at New York University and received a B.A. in Business Administration from San Diego State University. Mr. Dinsdale has earned the right to use the Chartered Financial Analyst designation and has 20 years of investment experience. | Gary U. Rollé, CFA Greg D. Haendel, CFA Derek S. Brown, CFA Edward S. Han John J. Huber, CFA Peter O. Lopez Erik U. Rollé Brian W. Westhoff, CFA The biographical information for these portfolio managers is provided above. The Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. | ||
Kirk R. Feldhus Portfolio Manager (co-equity) Kirk R. Feldhus is a Securities Analyst at TIM. He co-manages institutional and retail portfolios for the diversified equity and all-cap value strategies. He joined TIM in 2005 when the firm acquired Westcap Investors LLC. Prior to Westcap, Mr. Feldhus served as vice president at Crystal Cove Capital. He has worked as a research associate at Bank of America Securities and as a management consultant at Ernst & Young. He holds an MBA from the Marshall School at the University of Southern California and earned a B.S. from Colorado State University. Mr. Feldhus has 9 years of investment experience. The Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. | ||||
Business | A diversified open-end investment management company organized as a series of Transamerica Funds, a Delaware statutory trust. | |||
Net Assets (as of June 30, 2009) | $26,032,389 | $91,211,291 |
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Transamerica Value Balanced | Transamerica Balanced | |||
Sales Charges and Fees | Class A shares are subject to a maximum initial sales charge of 5.50%. Certain purchases of Class A shares in amounts of $1 million or more are subject to a 1% contingent deferred sales charge for 24 months after purchase. | |||
Class B shares are subject to a maximum deferred sales charge of 5.00%, which declines during the first 5 years of purchase (5%-1st year; 4%-2nd year; 3%-3rd year; 2%-4th year; 1%-5th year; 0%-6th year and later). Class C shares are subject to maximum deferred sales charge of 1.00% if redeemed during the first 12 months of purchase. | ||||
Class A shares, Class B shares and Class C shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.35% for Class A shares, 1.00% for Class B shares and 1.00% Class C shares. | ||||
Advisory Fees | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): | ||
• 0.75% for the first $500 million of assets; | • 0.75% for the first $500 million of assets; | |||
• 0.65% for assets over $500 million and up to $1 billion; and | • 0.65% for assets over $500 million and up to $1 billion; and | |||
• 0.60% for assets over $1 billion. | • 0.60% for assets over $1 billion.* | |||
For the fiscal year ended October 31, 2008, the Fund paid advisory fees of 0.75% of the Fund’s average daily net assets. | For the fiscal year ended October 31, 2008, the Fund paid advisory fees of 0.80% of the Fund’s average daily net assets. | |||
Fee Waiver and Expense Limitations | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.20%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.20%, excluding 12b-1 fees and extraordinary expenses. The Fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. | Contractual arrangements have been made with TAM, through March 1, 2011, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.45%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.45%, excluding 12b-1 fees and extraordinary expenses. | ||
Gross and Net Expenses | For a comparison of the gross and net expenses of the Funds, please see the class fee tables in the “The Funds’ Fees and Expenses” section. |
* | The fee structure shown is the revised fee structure that will be implemented at the time of the Reorganization. The current fee structure is 0.80% for the first $250 million of assets, 0.75% for assets over $250 million and up to $500 million, 0.70% for assets over $500 million and up to $1.5 billion, and 0.625% for assets over $1.5 billion. |
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• | Market. The value of securities owned by the Fund may go up or down, sometimes rapidly or unpredictably. If the market prices of the securities owned by the Fund fall, the value of your investment in the Fund will decline. The value of a security may fall due to factors affecting securities markets generally or a particular sector of the securities markets or factors affecting particular industries or issuers. The equity and debt capital markets in the United States and internationally have experienced unprecedented volatility. This financial crisis has caused a significant decline in the value and liquidity of many securities. This environment could make identifying investment risks and opportunities especially difficult. These market conditions may continue or get worse. Changes in market conditions will not have the same impact on all types of securities. | ||
• | Stocks. Stocks may be volatile — their prices may go up and down dramatically over the shorter term. These price movements may result from factors affecting individual companies, industries, the securities market as a whole or the overall economy. Because the stocks the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down. | ||
• | Fixed-Income Securities. The value of fixed-income securities may change daily based on changes in interest rates, and other market conditions and factors. Risks include, without limitation: |
- | market risk: fluctuations in market value | ||
- | interest rate risk: the value of a fixed-income security generally decreases as interest rates rise. This may also be the case for dividend paying stocks. Increases in interest rates may cause the value of your investment to go down. The longer the maturity or duration, the more sensitive the value of a fixed-income security is to fluctuations in interest rates | ||
- | prepayment or call risk: declining interest rates may cause issuers of securities held by the Fund to pay principal earlier than scheduled or to exercise a right to call the securities, forcing the Fund to reinvest in lower yielding securities | ||
- | extension risk: rising interest rates may result in slower than expected principal prepayments, which effectively lengthens the maturity of affected securities, making them more sensitive to interest rate changes | ||
- | default or credit risk: issuers (or guarantors) defaulting on their obligations to pay interest or return principal, being perceived as being less creditworthy or having a credit rating downgraded, or the credit quality or value of any underlying asset declines. The Fund may incur expenses to protect the Fund’s interest in securities experiencing these events. If the Fund invests in securities that are subordinated to other securities, or which represent interests in pools of such subordinated securities, those investments may be disproportionately affected by a default or even a perceived decline in creditworthiness of the issuer. |
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• | Derivatives. The use of derivative instruments may involve risks and costs different from, and possibly greater than, the risks and costs associated with investing directly in securities or other traditional investments. The Fund’s use of certain derivatives may in some cases involve forms of financial leverage, which involves risk and may increase the volatility of the Fund’s net asset value. Even a small investment in derivatives can have a disproportionate impact on the Fund. Using derivatives can increase losses and reduce opportunities for gains when market prices, interest rates or currencies, or the derivative instruments themselves, behave in a way not anticipated by the Fund. The other parties to certain derivative contracts present the same types of default or credit risk as issuers of fixed income securities. Certain derivatives may be illiquid, which may reduce the return of the Fund if it cannot sell or terminate the derivative instrument at an advantageous time or price. Some derivatives may be difficult to value, or may be subject to the risk that changes in the value of the instrument may not correlate well with the underlying asset, rate or index. In addition, derivatives may be subject to market risk, interest rate risk and credit risk. The Fund could lose the entire amount of its investment in a derivative and, in some cases, could lose more than the principal amount invested. Also, suitable derivative instruments may not be available in all circumstances or at reasonable prices. The Sub-Adviser may not make use of derivatives for a variety of reasons. | ||
• | Mortgage-Related Securities. Mortgage-related securities in which the Fund may invest represent pools of mortgage loans assembled for sales to investors by various governmental agencies or government-related fluctuation organizations, as well as by private issuers such as commercial banks, savings and loan institutions, mortgage bankers and private mortgage insurance companies. Unlike mortgage-related securities issued or guaranteed by the U.S. government or its agencies and instrumentalities, mortgage- related securities issued by private issuers do not have a government or government-sponsored entity guarantee (but may have other credit enhancement), and may, and frequently do, have less favorable collateral, credit risk or other underwriting characteristics. Real estate markets have been particularly affected by the current financial crisis, which has had an adverse effect on mortgage-related securities. Mortgage-related securities are subject to special risks. The repayment of certain mortgage-related securities depends primarily on the cash collections received from the issuer’s underlying asset portfolio and, in certain cases, the issuer’s ability to issue replacement securities (such as asset-backed commercial paper). As a result, there could be losses to the Fund in the event of credit or market value deterioration in the issuer’s underlying portfolio, mismatches in the timing of the cash flows of the underlying asset interests and the repayment obligations of maturing securities, or the issuer’s inability to issue new or replacement securities. This is also true for other asset-backed securities. Upon the occurrence of certain triggering events or defaults, the investors in a security held by the Fund may become the holders of underlying assets at a time when those assets may be difficult to sell or may be sold only at a loss. The Fund’s investments in mortgage-related securities are also exposed to prepayment or call risk, which is the possibility that mortgage holders will repay their loans early during periods of falling interest rates, requiring the Fund to reinvest in lower-yielding instruments and receive less principal or income than originally was anticipated. Rising interest rates tend to extend the duration of mortgage-related securities, making them more sensitive to changes in interest rates. This is known as extension risk. | ||
• | Foreign Securities. Investments in foreign securities including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”), and European Depositary Receipts (“EDRs”) involve risks relating to political, social and economic developments abroad, as well as risks resulting from the differences between the regulations to which U.S. and foreign issuer markets are subject. These risks include, without limitation: |
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- | different accounting and reporting practices | ||
- | less information available to the public | ||
- | less (or different) regulation of securities markets | ||
- | more complex business negotiations | ||
- | less liquidity | ||
- | more fluctuations in prices | ||
- | delays in settling foreign securities transactions | ||
- | higher costs for holding shares (custodial fees) | ||
- | higher transaction costs | ||
- | vulnerability to seizure and taxes | ||
- | political or financial instability and small markets | ||
- | different market trading days |
• | Currency. When the Fund invests in securities denominated in foreign currencies, it is subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for reasons such as changes in interest rates, government intervention or political developments. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. | ||
• | High-Yield Debt Securities. High-yield debt securities, or junk bonds, are securities which are rated below “investment grade” or, if unrated, are considered by the Sub-Adviser to be of equivalent quality. High-yield debt securities range from those for which the prospect for repayment of principal and interest is predominantly speculative to those which are currently in default on principal or interest payments or in bankruptcy. A fund with high-yield debt securities may be more susceptible to credit risk and market risk than a fund that invests only in higher quality debt securities because these lower-rated debt securities are less secure financially and more sensitive to downturns in the economy. In addition, the secondary market for such securities may not be as liquid as that for more highly rated debt securities. As a result, the Fund’s Sub-Adviser may find it more difficult to sell these securities or may have to sell them at lower prices. High-yield securities are not generally meant for short-term investing. | ||
• | Small- or Medium-Sized Companies. Investing in small- and medium-sized companies involves greater risk than is customarily associated with more established companies. Stocks of such companies particularly developing companies, generally are subject to more volatility in price than larger company securities. Among the reasons for the greater price volatility are the less certain growth prospects of smaller companies, the lower degree of liquidity in the markets for such securities, and the greater sensitivity of smaller companies to changing economic conditions. Smaller companies often have limited product lines, markets, or financial resources and their management may lack depth and experience. Such companies usually do not pay significant dividends that could cushion returns in a falling market. |
• | Growth Stocks. Growth stocks can be volatile for several reasons. Since growth companies usually reinvest a high proportion of their earnings in their own businesses, they may lack the dividends often associated with the value stocks that could cushion their decline in a falling market. Also, since investors buy growth stocks because of their expected superior earnings growth, earnings disappointments often result in sharp price declines. Certain types of growth stocks, particularly technology stocks, can be extremely volatile and subject to greater price swings than the broader market. |
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• | Emerging Markets. Investing in the securities of issuers located in or principally doing business in emerging markets bear foreign risks as discussed above. In addition, the risks associated with investing in emerging markets are often greater than investing in developed foreign markets. Specifically, the economic structures in emerging markets countries are less diverse and mature than those in developed countries, and their political systems are less stable. Investments in emerging markets countries may be affected by national policies that restrict foreign investments. Emerging markets countries may have less developed legal structures, and the small size of their securities markets and low trading volumes can make investments illiquid and more volatile than investments in developed countries. As a result, a fund investing in emerging markets countries may be required to establish special custody or other arrangements before investing. |
(per year ended 12/31)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025703.gif)
Highest: | 14.63 | % | Quarter ended: | 12/31/1999 | ||||
Lowest: | (17.27 | )% | Quarter ended: | 12/31/2008 |
14
(for periods ended 12/31/2008) (1)
10 Years or | ||||||||||||
Transamerica Premier Balanced Fund | 1 Year | 5 Years | Life of Fund | |||||||||
Investor Class — Return before Taxes | (33.27 | )% | (0.51 | )% | 2.69 | % | ||||||
Investor Class — Return after taxes on distributions(2) | (34.01 | )% | (1.03 | )% | 1.78 | % | ||||||
Investor Class — Return after taxes on distributions and sale of fund shares(2) | (20.95 | )% | (0.44 | )% | 2.01 | % | ||||||
S&P 500 Index(3) | (37.00 | )% | (2.19 | )% | (1.38 | )% | ||||||
Barclays Capital U.S. Aggregate Index (“BCUSA Index”)(4) | 5.24 | % | 4.65 | % | 5.63 | % | ||||||
Barclays U.S. Government/Credit Bond Index(5) | 5.70 | % | 4.64 | % | 5.64 | % |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. | |
(2) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(3) | The S&P 500 Index consists of 500 widely held, publicly traded common stocks. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. | |
(4) | The BCUSA Index (formerly, Lehman Brothers U.S. Aggregate Index) is a broad-based market index that covers the U.S. dollar-denominated, investment-grade, fixed-rate, taxable bond market of SEC-registered securities, including U.S. Treasury issues, corporate and government-related debt issues, mortgage-backed securities, asset-backed securities and commercial mortgage-backed securities. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. | |
(5) | The Barclays Capital U.S. Government/Credit Bond Index (formerly, Lehman Brothers U.S. Government/Credit Bond Index), is a broad-based, unmanaged index of all government and corporate bonds that are investment grade with at least one year to maturity. This index served as the Fund’s secondary benchmark prior to January 1, 2009. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
(per year ended 12/31)
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025706.gif)
Highest: | 12.90 | % | Quarter ended: | 6/30/2003 | ||||
Lowest: | (16.08 | )% | Quarter ended: | 12/31/2008 |
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(for periods ended 12/31/2008)(1)
10 Years | ||||||||||||
or Life of | ||||||||||||
Transamerica Value Balanced | 1 Year | 5 Years | Fund(2) | |||||||||
Class A Return before taxes | (35.32 | )% | (2.21 | )% | 0.05 | % | ||||||
Return after taxes on distributions(3) | (35.89 | )% | (3.06 | )% | (0.97 | )% | ||||||
Return after taxes on distributions and sale of fund shares(3) | (22.82 | )% | (1.77 | )% | (0.24 | )% | ||||||
Class B (Return before Taxes Only) | (35.43 | )% | (1.92 | )% | 0.07 | % | ||||||
Class C (Return before Taxes Only) | (32.68 | )% | (1.71 | )% | 2.08 | % | ||||||
Russell 1000® Value Index(4)(5) | (36.85 | )% | (0.79 | )% | 1.36 | % | ||||||
BCUSA Index(5) | 5.24 | % | 4.65 | % | 5.63 | % |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. After-tax returns are presented for only one class and returns for other classes will vary. | |
(2) | Class A and Class B commenced operations on October 1, 1995. Class C commenced operations on November 11, 2002. | |
(3) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(4) | The Russell 1000® Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. | |
(5) | The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
(per year ended 12/31)
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025707.gif)
Highest: | 14.82 | % | Quarter ended: | 12/31/1999 | ||||
Lowest: | (16.46 | )% | Quarter ended: | 12/31/2008 |
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(for periods ended 12/31/2008)(1)
10 Years or | ||||||||||||
Life of | ||||||||||||
Transamerica Balanced | 1 Year | 5 Years | Fund(2) | |||||||||
Class A | ||||||||||||
Return Before Taxes | (36.41 | )% | (1.95 | )% | 0.66 | % | ||||||
Return after taxes on distributions(3) | (37.30 | )% | (2.43 | )% | 0.07 | % | ||||||
Return after taxes on distributions and sale of fund shares(3) | (22.78 | )% | (1.69 | )% | 0.35 | % | ||||||
Class B (Return before Taxes Only) | (36.29 | )% | (1.59 | )% | 0.72 | % | ||||||
Class C (Return before Taxes Only) | (33.73 | )% | (1.39 | )% | 0.62 | % | ||||||
S&P 500 Index(4) | (37.00 | )% | (2.19 | )% | (1.38 | )% | ||||||
BCUSA Index(4) | 5.24 | % | 4.65 | % | 5.63 | % | ||||||
Barclays Capital U.S. Government/Credit Bond Index(4)(5) | 5.70 | % | 4.64 | % | 5.64 | % |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. After-tax returns are presented for only one class and returns for other classes will vary. | |
(2) | Class A commenced operations on December 2, 1994. Class B commenced operations on October 1, 1995. Class C commenced operations on November 11, 2002. | |
(3) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(4) | The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. | |
(5) | This index served as one of the fund’s benchmarks prior to January 1, 2009, at which time it was replaced with the BCUSA Index. This benchmark index change was made to more accurately reflect the principal strategies and policies of the fund. |
Transamerica | Combined | |||||||||||
Premier | Transamerica | |||||||||||
Balanced | Transamerica | Balanced | ||||||||||
Fund | Balanced | (Pro Forma) | ||||||||||
Investor Class | Class P(a) | Class P | ||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | |||||||||
Maximum deferred sales charge (load) (as a % of offering price or redemption proceeds, whichever is lower) | N/A | N/A | N/A |
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Transamerica | Combined | |||||||||||
Premier | Transamerica | |||||||||||
Balanced | Transamerica | Balanced | ||||||||||
Fund | Balanced | (Pro Forma) | ||||||||||
Investor Class | Class P | Class P | ||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(b) | ||||||||||||
Management Fees | 0.71 | % | N/A | 0.75 | % | |||||||
Rule 12b-1 Fees | 0.25 | % | N/A | 0.25 | % | |||||||
Other Expenses | 0.30 | % | N/A | 0.30 | % | |||||||
Total | 1.26 | % | N/A | 1.30 | % | |||||||
Expense Reduction | 0.16 | %(c) | N/A | 0.20 | %(d) | |||||||
Net Operating Expenses | 1.10 | % | N/A | 1.10 | % |
(a) | Because Class P of Transamerica Balanced is a new share class, no fee and expense information is available for the twelve-month period ended April 30, 2009. | |
(b) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(c) | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.10%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.10% (other than interest, taxes, brokerage commissions and extraordinary expenses). | |
(d) | TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the combined Fund’s net expenses to 1.10% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the Fund through March 1, 2011. |
Combined | Combined | |||||||||||||||||||||||
Transamerica | Transamerica | Transamerica | ||||||||||||||||||||||
Transamerica | Transamerica | Balanced | Value | Transamerica | Balanced | |||||||||||||||||||
Value Balanced | Balanced | (Pro Forma) | Balanced | Balanced | (Pro Forma) | |||||||||||||||||||
Class A | Class A | Class A | Class B | Class B | Class B | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | 5.50 | % | 5.50 | % | N/A | N/A | N/A | |||||||||||||||
Maximum deferred sales charge (load) (as a % of offering price or redemption proceeds, whichever is lower) | N/A | (a) | N/A | (a) | N/A | (a) | 5.00 | %(b) | 5.00 | %(b) | 5.00 | %(b) | ||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(c) | ||||||||||||||||||||||||
Management Fees | 0.75 | % | 0.80 | % | 0.75 | % | 0.75 | % | 0.80 | % | 0.75 | % | ||||||||||||
Rule 12b-1 Fees | 0.35 | % | 0.35 | % | 0.35 | % | 1.00 | % | 1.00 | % | 1.00 | % | ||||||||||||
Other Expenses | 0.57 | % | 0.45 | % | 0.46 | % | 0.67 | % | 0.45 | % | 0.48 | % | ||||||||||||
Total | 1.67 | % | 1.60 | % | 1.56 | % | 2.42 | % | 2.25 | % | 2.23 | % | ||||||||||||
Expense Reduction | 0.12 | %(d) | 0.00 | %(e) | 0.00 | (f) | 0.22 | %(d) | 0.00 | %(e) | 0.00 | %(f) | ||||||||||||
Net Operating Expenses | 1.55 | % | 1.60 | % | 1.56 | % | 2.20 | % | 2.25 | % | 2.23 | % |
Combined | ||||||||||||
Transamerica | Transamerica | |||||||||||
Value | Transamerica | Balanced | ||||||||||
Balanced | Balanced | (Pro Forma) | ||||||||||
Class C | Class C | Class C | ||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | None | None | None | |||||||||
Maximum deferred sales charge (load) (as a % of offering price or redemption proceeds, whichever is lower) | 1.00 | %(g) | 1.00 | %(g) | 1.00 | %(g) | ||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(c) | ||||||||||||
Management Fees | 0.75 | % | 0.80 | % | 0.75 | % | ||||||
Rule 12b-1 Fees | 1.00 | % | 1.00 | % | 1.00 | % | ||||||
Other Expenses | 0.47 | % | 0.35 | % | 0.35 | % | ||||||
Total | 2.22 | % | 2.15 | % | 2.10 | % | ||||||
Expense Reduction | 0.02 | %(d) | 0.00 | %(e) | 0.00 | %(f) | ||||||
Net Operating Expenses | 2.20 | % | 2.15 | % | 2.10 | % |
(a) | Certain purchases of Class A shares in amounts of $1 million or more are subject to a 1% contingent deferred sales charge (“CDSC”) for 24 months after purchase. | |
(b) | Purchases of Class B shares are subject to declining CDSC if redeemed during the first 5 years of purchase (5%-1st year; 4%-2nd year; 3%-3rd year; 2%-4th year; 1%-5th year; 0%-6th year and later). | |
(c) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(d) | Contractual arrangements have been made TAM, through March 1, 2010, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.20%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.20%, excluding 12b-1 fees and extraordinary expenses. The Fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. | |
(e) | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the Fund’s total expenses exceed 1.45%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.45%, excluding 12b-1 fees and extraordinary expenses. | |
(f) | Contractual arrangements have been made with TAM, through March 1, 2011, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.45%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.45%, excluding 12b-1 fees and extraordinary expenses. | |
(g) | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
18
Combined | Combined | |||||||||||||||||||||||
Transamerica | Transamerica | Transamerica | Transamerica | |||||||||||||||||||||
Premier | Transamerica | Balanced | Value | Transamerica | Balanced | |||||||||||||||||||
Balanced Fund | Balanced | (Pro Forma) | Balanced | Balanced | (Pro Forma) | |||||||||||||||||||
Investor Class | Class P(a) | Class P | Class A | Class A | Class A | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | 5.50 | % | 5.50 | % | 5.50 | % | |||||||||||||||
Maximum deferred sales charge (load) (as a % of offering price or redemption proceeds, whichever is lower) | N/A | N/A | N/A | N/A | (b) | N/A | (b) | N/A | (b) | |||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(c) | ||||||||||||||||||||||||
Management Fees | 0.71 | % | N/A | 0.75 | % | 0.75 | % | 0.80 | % | 0.75 | % | |||||||||||||
Rule 12b-1 Fees | 0.25 | % | N/A | 0.25 | % | 0.35 | % | 0.35 | % | 0.35 | % | |||||||||||||
Other Expenses | 0.30 | % | N/A | 0.30 | % | 0.57 | % | 0.45 | % | 0.43 | % | |||||||||||||
Total | 1.26 | % | N/A | 1.30 | % | 1.67 | % | 1.60 | % | 1.53 | % | |||||||||||||
Expense Reduction | 0.16 | %(d) | N/A | 0.20 | %(e) | 0.12 | %(f) | 0.00 | %(g) | 0.00 | %(h) | |||||||||||||
Net Operating Expenses | 1.10 | % | N/A | 1.10 | % | 1.55 | % | 1.60 | % | 1.53 | % |
Combined | Combined | |||||||||||||||||||||||
Transamerica | Transamerica | Transamerica | Transamerica | |||||||||||||||||||||
Value | Transamerica | Balanced | Value | Transamerica | Balanced | |||||||||||||||||||
Balanced | Balanced | (Pro Forma) | Balanced | Balanced | (Pro Forma) | |||||||||||||||||||
Class B | Class B | Class B | Class C | Class C | Class C | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | None | None | None | ||||||||||||||||||
Maximum deferred sales charge (load) (as a % of offering price or redemption proceeds, whichever is lower) | 5.00 | %(i) | 5.00 | %(i) | 5.00 | %(i) | 1.00 | %(j) | 1.00 | %(j) | 1.00 | %(j) | ||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(c) | ||||||||||||||||||||||||
Management Fees | 0.75 | % | 0.80 | % | 0.75 | % | 0.75 | % | 0.80 | % | 0.75 | % | ||||||||||||
Rule 12b-1 Fees | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | ||||||||||||
Other Expenses | 0.67 | % | 0.45 | % | 0.45 | % | 0.47 | % | 0.35 | % | 0.32 | % | ||||||||||||
Total | 2.42 | % | 2.25 | % | 2.20 | % | 2.22 | % | 2.15 | % | 2.07 | % | ||||||||||||
Expense Reduction | 0.22 | %(f) | 0.00 | %(g) | 0.00 | %(h) | 0.02 | %(f) | 0.00 | %(g) | 0.00 | %(h) | ||||||||||||
Net Operating Expenses | 2.20 | % | 2.25 | % | 2.20 | % | 2.20 | % | 2.15 | % | 2.07 | % |
(a) | Because Class P of Transamerica Balanced is a new share class, no fee and expense information is available for the twelve-month period ended April 30, 2009. | |
(b) | Certain purchases of Class A shares in amounts of $1 million or more are subject to a 1% contingent deferred sales charge (“CDSC”) for 24 months after purchase. | |
(c) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(d) | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.10%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.10% (other than interest, taxes, brokerage commissions and extraordinary expenses). | |
(e) | TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the combined Fund’s net expenses to 1.10% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the Fund through March 1, 2011. | |
(f) | Contractual arrangements have been made TAM, through March 1, 2010, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.20%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.20%, excluding 12b-1 fees and extraordinary expenses. The Fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. | |
(g) | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the Fund’s total expenses exceed 1.45%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.45%, excluding 12b-1 fees and extraordinary expenses. | |
(h) | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.45%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.45%, excluding 12b-1 fees and extraordinary expenses. | |
(i) | Purchases of Class B shares are subject to declining CDSC if redeemed during the first 5 years of purchase (5%-1st year; 4%-2nd year; 3%-3rd year; 2%-4th year; 1%-5th year; 0%-6th year and later). | |
(j) | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
• | you invest $10,000 in each Fund; | ||
• | you reinvest all dividends and distributions without a sales charge; | ||
• | your investment has a 5% annual return (this assumption is required by the SEC and is not a prediction of the Fund’s future performance); and | ||
• | each Fund’s operating expenses remain the same. |
19
Combined | ||||||||
Transamerica | Transamerica | |||||||
Number of years | Premier Balanced | Balanced | ||||||
you own your shares | Fund | (Pro Forma) | ||||||
Investor Class / Class P | ||||||||
Year 1 | $ | 112 | $ | 112 | ||||
Year 3 | $ | 384 | $ | 392 | ||||
Year 5 | $ | 676 | $ | 694 | ||||
Year 10 | $ | 1,509 | $ | 1,550 |
Combined | ||||||||||||
Transamerica | ||||||||||||
Number of years | Transamerica | Transamerica | Balanced | |||||||||
you own your shares | Value Balanced | Balanced | (Pro Forma) | |||||||||
Class A | ||||||||||||
Year 1 | $ | 699 | $ | 703 | $ | 700 | ||||||
Year 3 | $ | 1,036 | $ | 1,024 | $ | 1,016 | ||||||
Year 5 | $ | 1,397 | $ | 1,368 | $ | 1,353 | ||||||
Year 10 | $ | 2,408 | $ | 2,335 | $ | 2,304 | ||||||
Class B* | ||||||||||||
Year 1 | $ | 723 | $ | 728 | $ | 726 | ||||||
Year 3 | $ | 1,034 | $ | 1,003 | $ | 997 | ||||||
Year 5 | $ | 1,371 | $ | 1,305 | $ | 1,295 | ||||||
Year 10 | $ | 2,554 | $ | 2,419 | $ | 2,396 | ||||||
Class C | ||||||||||||
Year 1 | $ | 323 | $ | 317 | $ | 313 | ||||||
Year 3 | $ | 692 | $ | 670 | $ | 658 | ||||||
Year 5 | $ | 1,188 | $ | 1,149 | $ | 1,129 | ||||||
Year 10 | $ | 2,553 | $ | 2,472 | $ | 2,431 |
Combined | ||||||||||||
Transamerica | ||||||||||||
Number of years | Transamerica | Transamerica | Balanced | |||||||||
you own your shares | Value Balanced | Balanced | (Pro Forma) | |||||||||
Class B* | ||||||||||||
Year 1 | $ | 223 | $ | 228 | $ | 226 | ||||||
Year 3 | $ | 734 | $ | 703 | $ | 697 | ||||||
Year 5 | $ | 1,271 | $ | 1,205 | $ | 1,195 | ||||||
Year 10 | $ | 2,554 | $ | 2,419 | $ | 2,396 | ||||||
Class C | ||||||||||||
Year 1 | $ | 223 | $ | 217 | $ | 213 |
20
Combined | ||||||||||||
Transamerica | ||||||||||||
Number of years | Transamerica | Transamerica | Balanced | |||||||||
you own your shares | Value Balanced | Balanced | (Pro Forma) | |||||||||
Year 3 | $ | 692 | $ | 670 | $ | 658 | ||||||
Year 5 | $ | 1,188 | $ | 1,149 | $ | 1,129 | ||||||
Year 10 | $ | 2,553 | $ | 2,472 | $ | 2,431 |
* | Examples for Class B shares assume conversion to Class A shares 8 years after purchase. |
Combined | ||||||||||||||||
Transamerica | Transamerica | |||||||||||||||
Number of years | Premier Balanced | Transamerica | Transamerica | Balanced | ||||||||||||
you own your shares | Fund | Value Balanced | Balanced | (Pro Forma) | ||||||||||||
Class A | ||||||||||||||||
Year 1 | N/A | $ | 699 | $ | 703 | $ | 697 | |||||||||
Year 3 | N/A | $ | 1,036 | $ | 1,024 | $ | 1,007 | |||||||||
Year 5 | N/A | $ | 1,397 | $ | 1,368 | $ | 1,338 | |||||||||
Year 10 | N/A | $ | 2,408 | $ | 2,335 | $ | 2,273 | |||||||||
Class B* | ||||||||||||||||
Year 1 | N/A | $ | 723 | $ | 728 | $ | 723 | |||||||||
Year 3 | N/A | $ | 1,034 | $ | 1,003 | $ | 988 | |||||||||
Year 5 | N/A | $ | 1,371 | $ | 1,305 | $ | 1,280 | |||||||||
Year 10 | N/A | $ | 2,554 | $ | 2,419 | $ | 2,365 | |||||||||
Class C | ||||||||||||||||
Year 1 | N/A | $ | 323 | $ | 317 | $ | 310 | |||||||||
Year 3 | N/A | $ | 692 | $ | 670 | $ | 649 | |||||||||
Year 5 | N/A | $ | 1,188 | $ | 1,149 | $ | 1,114 | |||||||||
Year 10 | N/A | $ | 2,553 | $ | 2,472 | $ | 2,400 | |||||||||
Investor Class / Class P | ||||||||||||||||
Year 1 | $ | 112 | N/A | N/A | $ | 112 | ||||||||||
Year 3 | $ | 384 | N/A | N/A | $ | 392 | ||||||||||
Year 5 | $ | 676 | N/A | N/A | $ | 694 | ||||||||||
Year 10 | $ | 1,509 | N/A | N/A | $ | 1,550 |
Combined | ||||||||||||
Transamerica | ||||||||||||
Number of years | Transamerica | Transamerica | Balanced | |||||||||
you own your shares | Value Balanced | Balanced | (Pro Forma) | |||||||||
Class B* | ||||||||||||
Year 1 | $ | 223 | $ | 228 | $ | 226 | ||||||
Year 3 | $ | 734 | $ | 703 | $ | 697 | ||||||
Year 5 | $ | 1,271 | $ | 1,205 | $ | 1,195 | ||||||
Year 10 | $ | 2,554 | $ | 2,419 | $ | 2,396 | ||||||
Class C | ||||||||||||
Year 1 | $ | 223 | $ | 217 | $ | 213 | ||||||
Year 3 | $ | 692 | $ | 670 | $ | 658 | ||||||
Year 5 | $ | 1,188 | $ | 1,149 | $ | 1,129 | ||||||
Year 10 | $ | 2,553 | $ | 2,472 | $ | 2,431 |
* | Examples for Class B shares assume conversion to Class A shares 8 years after purchase. |
21
• | The Board Members considered that the Reorganization presents an opportunity for the shareholders of each Target Fund to become investors in a combined fund that has a larger asset size without the obligation to pay commissions or other transaction costs that a fund normally incurs when purchasing securities. The Board Members considered TAM’s belief that this opportunity may give the combined Destination Fund the ability to diversify further its holdings and effect larger portfolio trading transactions, for the benefit of shareholders. |
• | The Board Members considered that the Reorganization could eliminate any confusion in the marketplace caused by having multiple funds with similar investment mandates and enhance the potential for the combined Destination Fund to achieve growth in assets. The Board Members noted that TAM believes that the combined Destination Fund may be better positioned to attract assets than each Target Fund, and that the larger size of the combined Destination Fund may offer the potential for greater economies of scale by enabling the combined Destination Fund to obtain better net prices on securities trades and by reducing per share expenses as fixed expenses are shared over a larger asset base. |
• | The Board Members considered that the Reorganization could eliminate certain redundancies and inefficiencies in the Transamerica fund complex product line offerings, which could strengthen TAM’s ability to pursue investment and marketing opportunities on behalf of the Transamerica funds. The Board Members also considered that the Reorganization is one of a number of reorganizations and other initiatives recently approved by the Board Members of the Transamerica funds. The Board Members noted that the initiatives are designed to streamline the Transamerica fund complex, to promote operating efficiencies, and to result in a more cohesive fund platform. |
• | For Transamerica Value Balanced, the Board Members considered that the pro forma gross expense ratios of the combined Destination Fund are expected to be lower for the Class A, Class B and Class C shares of the combined Destination Fund as compared to the corresponding class of shares of Transamerica Value Balanced. |
• | For Transamerica Premier Balanced Fund, the Board Members considered that the pro forma gross expense ratio of the combined Destination Fund is expected to be higher for the combined Destination Fund’s Class P shares than as compared to the corresponding class of shares of Transamerica Premier Balanced Fund. The Board Members also considered that TAM’s expectation that gross expense levels would remain generally the same for the combined Destination Fund’s Class P shares and that TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Destination Fund to the extent that the total operating expenses of Class P of the Destination Fund exceed certain operating expense levels. The Board |
22
Members considered that TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Destination Fund to the extent that the total operating expenses of Class A, Class B or Class C of the Destination Fund exceed certain operating expense levels. |
• | The Board Members considered that TAM agreed to lower its advisory fee for the Destination Fund. |
• | The Board Members considered that, given the expected costs and benefits of the Reorganization, the expenses associated with the preparation, printing and mailing of any shareholder communications, including this Information Statement/Prospectus, and any regulatory filings in connection with the Reorganization, would be shared by TAM, and, subject to certain limits, the Target Funds and the Destination Fund. |
• | The Board Members noted that the Destination Fund’s performance was higher than the performance of Transamerica Value Balanced for the 1-, 3-, 5- and 10-year periods ended February 28, 2009. The Board Members also noted that the Destination Fund’s performance was higher than the performance of Transamerica Premier Balanced Fund for the 1-year and 3-year periods ended February 28, 2009. However, the Board Members also noted that the performance of Transamerica Premier Balanced Fund was higher than the Destination Fund’s performance for the 5- and 10-year periods ended February 28, 2009. |
• | The Board Members considered the expected tax-free nature of the Reorganization for U.S. federal income tax purposes. |
• | The Board Members considered the investment objectives and policies of the Destination Fund and their compatibility with those of each Target Fund. |
• | The Board Members considered that TAM is the adviser and TIM is the sub-adviser to each Target Fund and the Destination Fund. |
• | The Board Members considered the terms and conditions of the Agreement and Plan of Reorganization. |
• | The Board Members considered that the portfolio managers of the combined Destination Fund may conclude that a significant number of holdings of the Target Funds may not be consistent with the combined Destination Fund’s long-term investment strategy, and may dispose of such positions, but that TAM represented that portfolio transition should not have a material adverse effect on the Funds and their shareholders. |
23
Transamerica | Transamerica | Pro Forma | ||||||||||||||
Premier Balanced | Transamerica | Balanced Pro Forma | Transamerica | |||||||||||||
Fund | Balanced | Adjustments | Balanced | |||||||||||||
Net Assets (000’s) | ||||||||||||||||
Class A | — | $ | 58,588 | $ | 58,588 | |||||||||||
Class B | — | $ | 19,670 | $ | 19,670 | |||||||||||
Class C | — | $ | 17,250 | $ | 17,250 | |||||||||||
Class P | — | — | $ | 302,648 | $ | 302,648 | ||||||||||
Investor Class(1) | $ | 302,648 | — | $ | (302,648 | ) | — | |||||||||
Net Asset Value Per Share | ||||||||||||||||
Class A | — | $ | 17.37 | $ | 17.37 | |||||||||||
Class B | — | $ | 17.29 | $ | 17.29 | |||||||||||
Class C | — | $ | 17.21 | $ | 17.21 | |||||||||||
Class P | — | — | 19.86 | $ | 19.86 | |||||||||||
Investor Class(1) | $ | 19.86 | — | $ | (19.86 | ) | — | |||||||||
Shares Outstanding (000’s) | ||||||||||||||||
Class A | — | 3,373 | 3,373 | |||||||||||||
Class B | — | 1,138 | 1,138 | |||||||||||||
Class C | — | 1,002 | 1,002 | |||||||||||||
Class P | — | — | 15,392 | 15,392 | ||||||||||||
Investor Class(1) | 15,392 | — | (15,392 | ) | — |
(1) | Investor Class shares of Transamerica Premier Balanced Fund will receive Class P shares of the Destination Fund following the Reorganization. |
Pro Forma | ||||||||||||||||
Transamerica | Transamerica | Transamerica Balanced | Transamerica | |||||||||||||
Value Balanced | Balanced | Pro Forma Adjustments | Balanced | |||||||||||||
Net Assets (000’s) | ||||||||||||||||
Class A | $ | 18,142 | $ | 58,588 | $ | 76,730 | ||||||||||
Class B | $ | 4,157 | $ | 19,670 | $ | 23,827 | ||||||||||
Class C | $ | 5,213 | $ | 17,250 | $ | 22,463 | ||||||||||
Net Asset Value Per Share | ||||||||||||||||
Class A | $ | 9.51 | $ | 17.37 | $ | (9.51 | ) | $ | 17.37 | |||||||
Class B | $ | 9.48 | $ | 17.29 | $ | (9.48 | ) | $ | 17.29 | |||||||
Class C | $ | 9.47 | $ | 17.21 | $ | (9.47 | ) | $ | 17.21 | |||||||
Shares Outstanding (000’s) | ||||||||||||||||
Class A | 1,907 | 3,373 | (863 | ) | 4,417 | |||||||||||
Class B | 438 | 1,138 | (198 | ) | 1,378 | |||||||||||
Class C | 550 | 1,002 | (247 | ) | 1,305 |
24
Transamerica | Transamerica | Transamerica | Pro Forma | |||||||||||||||||
Premier | Value | Transamerica | Balanced Pro | Transamerica | ||||||||||||||||
Balanced Fund | Balanced | Balanced | Forma Adjustments | Balanced | ||||||||||||||||
Net Assets (000’s) | ||||||||||||||||||||
Class A | — | $ | 18,142 | $ | 58,588 | $ | 76,730 | |||||||||||||
Class B | — | $ | 4,157 | $ | 19,670 | $ | 23,827 | |||||||||||||
Class C | — | $ | 5,213 | $ | 17,250 | $ | 22,463 | |||||||||||||
Class P / Investor Class(1) | $ | 302,648 | — | — | $ | 302,648 | ||||||||||||||
Net Asset Value Per Share | ||||||||||||||||||||
Class A | — | $ | 9.51 | $ | 17.37 | $ | (9.51 | ) | $ | 17.37 | ||||||||||
Class B | — | $ | 9.48 | $ | 17.29 | $ | (9.48 | ) | $ | 17.29 | ||||||||||
Class C | — | $ | 9.47 | $ | 17.21 | $ | (9.47 | ) | $ | 17.21 | ||||||||||
Class P / Investor Class(1) | $ | 19.66 | — | — | $ | 19.66 | ||||||||||||||
Shares Outstanding (000’s) | ||||||||||||||||||||
Class A | — | 1,907 | 3,373 | (863 | ) | 4,417 | ||||||||||||||
Class B | — | 438 | 1,138 | (198 | ) | 1,378 | ||||||||||||||
Class C | — | 550 | 1,002 | (247 | ) | 1,305 | ||||||||||||||
Class P / Investor Class(1) | 15,392 | — | — | 15,392 |
(1) | Investor Class shares of Transamerica Premier Balanced Fund will receive Class P shares of the Destination Fund following the Reorganization. |
25
TRANSAMERICA PREMIER INSTITUTIONAL DIVERSIFIED EQUITY FUND
TRANSAMERICA SCIENCE & TECHNOLOGY
TRANSAMERICA TEMPLETON GLOBAL
(each, a “Target Fund” and together, the “Target Funds”)
(the “Destination Fund”)
Target Fund & Shares | Destination Fund & Shares | |
Transamerica Premier Diversified Equity Fund Investor Class | Transamerica Diversified Equity* Class P | |
Transamerica Premier Institutional Diversified Equity Fund Institutional Class | Transamerica Diversified Equity* Class I | |
Transamerica Science & Technology Class A Class B Class C Class I | Transamerica Diversified Equity* Class A Class B Class C Class I | |
Transamerica Templeton Global Class A Class B Class C | Transamerica Diversified Equity* Class A Class B Class C |
* | A newly-organized fund. |
26
Diversified Equity Fund to Transamerica Diversified Equity
Transamerica Premier | ||||||
Transamerica Premier | Institutional Diversified Equity | Transamerica Diversified | ||||
Diversified Equity Fund | Fund | Equity | ||||
Investment Objective | The Fund seeks to maximize capital appreciation. | |||||
Principal Investment Strategies and Policies | The Fund’s sub-adviser, TIM, generally invests at least 80% of the Fund’s assets in a diversified portfolio of domestic equity securities. TIM uses an intrinsic valuation discipline in selecting securities, based on strong earnings and cash flows to foster future growth, with the goal of producing a long-term, above-average rate of return. The Fund typically limits its holdings to fewer than 60 companies. TIM uses a “bottom-up” approach to investing. It studies industry and economic trends, but focuses on researching individual companies. As part of TIM’s strategy, the Fund’s portfolio is constructed one company at a time. Each company passes through a rigorous research process and stands on its own merits as a viable investment in TIM’s opinion. In projecting cash flows and determining earnings potential, TIM uses multiple factors such as: | |||||
• the quality of the management team | ||||||
• the company’s ability to earn returns on capital in excess of the cost of capital | ||||||
• competitive barriers to entry | ||||||
• the financial condition of the company | ||||||
To achieve the Fund’s goal, TIM may invest in securities issued by companies of all sizes. Generally, however, TIM will invest in the securities of companies whose market capitalization (total market value of publicly traded securities) is greater than $500 million. Consistent with the Fund’s objective and other policies, TIM may, but need not, invest in derivatives, including futures, forwards, options and swaps, and also in foreign securities. The Fund may invest its assets in cash, cash equivalent securities or short-term securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | ||||||
Investment Adviser | TAM | |||||
Sub-Adviser | TIM | |||||
Portfolio Managers | Gary U. Rollé, CFA Portfolio Manager (lead) Gary U. Rollé is Principal, Managing Director, Chief Executive Officer and Chief Investment Officer of TIM. He manages sub-advised funds and institutional separate accounts in the Large Growth Equity discipline. Mr. Rollé joined Transamerica in 1967. From 1980 to 1983 he served as the Chief Investment Officer for SunAmerica then returned to Transamerica as Chief Investment Officer. Throughout his 23 year tenure as CIO, Mr. Rollé has been responsible for creating and guiding the TIM investment philosophy. He holds a B.S. in Chemistry and Economics from the University of California at Riverside and has earned the right to use the Chartered Financial Analyst designation. Mr. Rollé has 41 years of investment experience. | Gary U. Rollé, CFA Kirk R. Feldhus Thomas E. Larkin, III John D. Lawrence, CFA Peter O. Lopez The Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. | ||||
Geoffrey I. Edelstein, CFA, CIC | ||||||
Portfolio Manager (co) Geoffrey I. Edelstein is Principal, Managing Director and Portfolio Manager at TIM. He co-manages institutional and TIM’s private separate accounts and sub-advised funds in the Equity disciplines. Mr. Edelstein’s analytical responsibilities include the Consumer Staples sector. He joined TIM in 2005 when the firm acquired Westcap Investors, LLC. Westcap was co-founded by Mr. Edelstein |
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Transamerica Premier | ||||||
Transamerica Premier | Institutional Diversified Equity | Transamerica Diversified | ||||
Diversified Equity Fund | Fund | Equity | ||||
in 1992. Prior to Westcap, he practiced Corporate and Real Estate Law from 1988-1991. Mr. Edelstein earned a B.A. from University of Michigan and a J.D. from Northwestern University School of Law. He was a member of the AIMR Blue Ribbon Task Force on Soft Dollars, 1997, and has earned the right to use the Chartered Financial Analyst designation. He is also a member of the Board of Governors’ of the Investment Adviser Association and the Board of Directors of EMQ Families First, the largest children’s agency in California. Mr. Edelstein has 17 years of investment experience. | ||||||
Kirk R. Feldhus Portfolio Manager (co) Kirk R. Feldhus is a Securities Analyst at TIM. He co-manages institutional and retail portfolios for the diversified equity and all-cap value strategies. He joined TIM in 2005 when the firm acquired Westcap Investors, LLC. Prior to Westcap, Mr. Feldhus served as Vice President at Crystal Cove Capital. He has worked as a research associate at Bank of America Securities and as a management consultant at Ernst & Young. He holds an M.B.A. from The Marshall School at the University of Southern California and earned a B.S. from Colorado State University. Mr. Feldhus has 9 years of investment experience. | ||||||
Thomas E. Larkin, III Portfolio Manager (co) Mr. Larkin co-manages institutional and retail portfolios in the diversified equity strategy. In addition, his senior securities analyst responsibilities include covering the producer durables, autos and transportation, and the materials and processing sectors. He joined TIM in 2005 when the firm acquired Westcap Investors, LLC. Prior to Westcap, Mr. Larkin interned with Morgan Stanley in the Private Wealth Management Division and with Trust Company of the West as an analyst with their Worldwide Opportunities Emerging Markets Fund. He earned a B.A. in Economics from Duke University. Mr. Larkin is currently a CFA Level I candidate and has 8 years of investment experience. | ||||||
John D. Lawrence, CFA Portfolio Manager (co) John D. Lawrence is a Portfolio Manager at TIM. He has portfolio management responsibilities on sub-advised funds and institutional separate accounts in the Growth Equity discipline. Mr. Lawrence’s analyst responsibilities include covering the Energy, Consumer Discretionary and the Utilities sectors. He joined TIM in 2005 when the firm acquired Westcap Investors, LLC. Prior to Westcap, Mr. Lawrence was a Research Associate at Credit Suisse First Boston and an Assistant Vice President at Sanders Morris Harris. He holds an M.B.A. from University of California, Los Angeles and a B.A. from Rice University. Mr. Lawrence has earned the right to use the Chartered Financial Analyst designation and has 8 years of investment experience. |
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Transamerica Premier | ||||||
Transamerica Premier | Institutional Diversified Equity | Transamerica Diversified | ||||
Diversified Equity Fund | Fund | Equity | ||||
Peter O. Lopez Portfolio Manager (co) Peter O. Lopez is Principal and Director of Research at TIM. He co-manages sub-advised funds and institutional accounts in the Large Growth Equity and Convertible Securities disciplines. Prior to joining TIM in 2003, he was Managing Director at Centre Pacific, LLC. Mr. Lopez also previously served as a Senior Fixed Income Analyst for Transamerica Investment Services, Inc. from 1997-2000. He holds an M.B.A. in Finance and Accounting from The University of Michigan and received a B.A. in Economics from Arizona State University. Mr. Lopez has 18 years of investment experience. Each Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. | ||||||
Business | A diversified open-end investment management company organized as a series of Transamerica Premier Funds, a Maryland corporation. | A diversified open-end investment management company organized as a series of Transamerica Funds, a Delaware statutory trust. | ||||
Net Assets (as of June 30, 2009) | $225,928,512 | $1,785,602 | N/A |
Transamerica Premier | ||||||
Transamerica Premier | Institutional Diversified Equity | Transamerica Diversified | ||||
Diversified Equity Fund | Fund | Equity | ||||
Sales Charges and Fees | Investor Class shares are offered without an initial sales charge. Investor Class shares are not subject to a contingent deferred sales charge. Investor Class shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.25% of the average daily net assets of the Fund. The fee accrues daily and is based on an annual percentage of the daily average net assets. | Institutional Class shares are offered without an initial sales charge. Institutional Class shares are not subject to a contingent deferred sales charge. Institutional Class shares are not subject to distribution and service (12b-1) fees. | Class P shares are offered without an initial sales charge. Class P shares are available only to former investors in Investor Class shares of Transamerica Premier Funds. Class P shares are not subject to a contingent deferred sales charge. Class P shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.25% of the average daily net assets of the Fund. The fee accrues daily and is based on an annual percentage of the daily average net assets. Class I shares are offered without an initial sales charge. |
29
Transamerica Premier | ||||||
Transamerica Premier | Institutional Diversified Equity | Transamerica Diversified | ||||
Diversified Equity Fund | Fund | Equity | ||||
Class I shares are not subject to a contingent deferred sales charge. Class I shares are not subject to distribution and service (12b-1) fees. | ||||||
Advisory Fees | TAM is entitled to receive an advisory fee based on an annual rate of the Fund’s average daily net assets: • 0.75% for the first $1 billion of assets; • 0.72% of the next $1 billion of assets; and • 0.70% of assets in excess of $2 billion. For the fiscal year ended December 31, 2008, the Fund paid advisory fees of 0.58% of the Fund’s average daily net assets. | TAM is entitled to receive an advisory fee based on an annual rate of 0.73% of the Fund’s average daily net assets. The advisory fee is accrued daily and paid monthly. For the fiscal year ended December 31, 2008, the Fund paid advisory fees of 0.00% of the Fund’s average daily net assets. | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): • 0.73% for the first $500 million of assets; • 0.70% for assets over $500 million and up to $2.5 billion; and • 0.65% for assets over $2.5 billion. | |||
Fee Waiver and Expense Limitations | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.15%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.15% (other than interest, taxes, brokerage commissions and extraordinary expenses). | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 0.75%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 0.75% (other than interest, taxes, brokerage commissions and extraordinary expenses). | TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Fund to the extent that the total expenses of Class I exceed 1.17% (excluding 12b-1 fees (if any) and extraordinary expenses). There can be no assurance that TAM will extend its contractual obligations beyond March 1, 2011. TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the Fund’s net expenses to 1.15% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the Fund through March 1, 2011. | |||
Gross and Net Expenses | For a comparison of the gross and net expenses of the Funds please see the class fee tables in the “The Funds’ Fees and Expenses” section. |
30
Transamerica Science & Technology | Transamerica Diversified Equity | |||||
Investment Objective | The objective of the Fund is long-term growth of capital. | The Fund seeks to maximize capital appreciation. | ||||
Principal Investment Strategies and Policies | TIM seeks to achieve this objective by investing, under normal circumstances, at least 80% of its net assets in common stocks of companies that are expected to benefit from the development, advancement and use of science and technology. These companies may include, without limitation, companies that develop, produce or distribute products or services in the computer, semi-conductor, software, electronics, media, communications, health care, and biotechnology sectors. In choosing securities, the portfolio managers take a fundamental and research-driven approach to investing in growth stocks. The Fund generally invests in companies that rely extensively on technology in their product development or operations and have benefited from technological progress in their operating history or have enabled such progress in others, with a particular focus on companies in developing segments of the sector. The portfolio managers seek to identify the companies best positioned to benefit from change; generally those with superior business models, proven management teams and businesses that are producing substantial cash flow. Critical to the investment process is the identification of companies exhibiting the highest growth potential at the most attractive prices/valuations. TIM seeks to pay a fair price relative to a company’s intrinsic business value and/or projected growth rate or relative to alternative investments within an industry. The Fund may invest its assets in cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | TIM generally invests at least 80% of the Fund’s assets in a diversified portfolio of domestic equity securities. TIM, uses an intrinsic valuation discipline in selecting securities, based on strong earnings and cash flows to foster future growth, with the goal of producing a long-term, above-average rate of return. The Fund typically limits its holdings to fewer than 60 companies. TIM uses a “bottom-up” approach to investing. It studies industry and economic trends, but focuses on researching individual companies. As part of TIM’s strategy, the Fund’s portfolio is constructed one company at a time. Each company passes through a rigorous research process and stands on its own merits as a viable investment in TIM’s opinion. In projecting cash flows and determining earnings potential, TIM uses multiple factors such as: • the quality of the management team • the company’s ability to earn returns on capital in excess of the cost of capital • competitive barriers to entry • the financial condition of the company To achieve the Fund’s goal, TIM may invest in securities issued by companies of all sizes. Generally, however, TIM will invest in the securities of companies whose market capitalization (total market value of publicly traded securities) is greater than $500 million. Consistent with the Fund’s objective and other policies, TIM may, but need not, invest in derivatives, including futures, forwards, options and swaps, and also in foreign securities. The Fund may invest its assets in cash, cash equivalent securities or short-term securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | ||||
Investment Adviser | TAM | |||||
Sub-Adviser | TIM |
31
Transamerica Science & Technology | Transamerica Diversified Equity | |||||
Portfolio mangers | Kirk J. Kim Portfolio Manager (lead) Kirk J. Kim is a Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in TIM’s Convertible Securities discipline and is a member of TIM’s Concentrated All Cap Growth Equity investment team. Prior to joining TIM in 1997, Mr. Kim worked as a securities analyst for The Franklin Templeton Group. He holds a B.S. in Finance from the University of Southern California. Mr. Kim has 13 years of investment experience. Jeffrey J. Hoo, CFA Portfolio Manager (co) Jeffrey J. Hoo is a Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in the Microcap Equity discipline. Mr. Hoo’s analytical responsibilities include the healthcare sector and industries within the consumer discretionary sector. He joined TIM in 2005 when the firm acquired Westcap Investors, LLC. Prior to Westcap, Mr. Hoo worked at Sony Pictures Entertainment and KPMG. He is also a past Vice President and board member of the Asian Professional Exchange of Los Angeles. Mr. Hoo earned a B.A. from Duke University and an M.B.A. from the University of California, Los Angeles. He has earned the right to use the Chartered Financial Analyst designation. Mr. Hoo has 11 years of investment experience. Erik U. Rollé Portfolio Manager (co) Erik U. Rollé is a Securities Analyst and Co-Portfolio Manager at TIM. Mr. Rollé co-manages sub-advised funds and institutional separate accounts in the Growth Equity discipline. Prior to joining TIM in 2005, Mr. Rollé worked as a Research Associate at Bradford & Marzec where his primary responsibilities were within trading and credit research. He received a B.S. in Finance and a B.S. in Journalism from the University of Colorado at Boulder. Mr. Rollé has 6 years of investment experience. Joshua D. Shaskan, CFA Portfolio Manager (co) Joshua D. Shaskan is a Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in the Small and Small/Mid (SMID) Growth Equity disciplines. He joined TIM in 2005 when the firm acquired Westcap Investors LLC. Prior to Westcap, Mr. Shaskan served as an Investment Specialist for three years at Wells Fargo Securities and was also previously a Financial Advisor at Prudential Securities. He earned a B.A. from the University of California, Davis, and an M.B.A. from the University of California, Los Angeles. Mr. Shaskan has earned the right to use the Chartered Financial Analyst designation and has 16 years of investment experience. The Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. | Gary U. Rollé, CFA Kirk R. Feldhus Thomas E. Larkin, III John D. Lawrence, CFA Peter O. Lopez The biographical information for these portfolio managers is provided above. The Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. |
32
Transamerica Science & Technology | Transamerica Diversified Equity | |||||
Business | A non-diversified open-end investment management company organized as a series of Transamerica Funds, a Delaware statutory trust. | |||||
Net Assets (as of June 30, 2009) | $59,515,731 | N/A |
Transamerica Science & Technology | Transamerica Diversified Equity | |||
Sales Charges and Fees | Class A shares are subject to a maximum initial sales charge of 5.50%. Certain purchases of Class A shares in amounts of $1 million or more are subject to a 1% contingent deferred sales charge for 24 months after purchase. Class B shares are subject to a maximum deferred sales charge of 5.00%, which declines during the first 5 years of purchase (5%-1st year; 4%-2nd year; 3%-3rd year; 2%-4th year; 1%-5th year; 0%-6th year and later). Class C shares are subject to maximum deferred sales charge of 1.00% if redeemed during the first 12 months of purchase. Class A shares, Class B shares and Class C shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.35% for Class A shares, 1.00% for Class B shares and 1.00% Class C shares. Class I shares are offered without an initial sales charge. Class I shares are not subject to a contingent deferred sales charge. Class I shares are not subject to distribution and service (12b-1) fees. | |||
Advisory Fees | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): •�� 0.78% for the first $500 million of assets; and • 0.70% for assets over $500 million. | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): • 0.73% for the first $500 million of assets; • 0.70% for assets over $500 million and up to $2.5 billion; and | ||
For the fiscal year ended October 31, 2008, the Fund paid advisory fees of 0.78% of the Fund’s average daily net assets. | • 0.65% for assets over $2.5 billion. | |||
Fee waiver and expense limitation | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.18%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the fund of Fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.18%, excluding 12b-1 fees and extraordinary expenses. | TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Destination Fund to the extent that the total expenses of Class A, Class B, Class C or Class I of the Destination Fund exceed 1.17% (excluding 12b-1 fees (if any) and extraordinary expenses). There can be no assurance that TAM will extend its contractual obligations beyond March 1, 2011. |
Transamerica Templeton Global | Transamerica Diversified Equity | |||
Investment Objective | The objective of the Fund is to seek long-term growth of capital. | The Fund seeks to maximize capital appreciation. |
33
Transamerica Templeton Global | Transamerica Diversified Equity | |||
Principal Investment Strategies and Policies | The Fund’s assets are allocated between two sub-advisers, TIM and Templeton. TIM manages a portion of the Fund’s assets composed of domestic securities (called the “domestic portfolio”), and Templeton manages a portion of the Fund’s assets composed of non-U.S. securities (called the “international portfolio”). The percentage of assets allocated to each manager generally is based on the weighting of securities from U.S. and foreign issuers comprising the Morgan Stanley Capital International World Index (“MSCIW Index”), a market capitalization-weighted benchmark index made up of equities from 23 countries, including the U.S. Each of the domestic and international percentages of the Fund are adjusted periodically to account for changes that may be made in the composition of the MSCIW Index. Domestic Portfolio. The Fund will invest, under normal circumstances, at least 80% of its assets in the “domestic portfolio” in a diversified portfolio of domestic common stocks that are believed by TIM to have the defining feature of premier growth companies that are undervalued in the stock market. TIM uses a “bottom-up” approach to investing and builds the Fund’s portfolio one company at a time by investing Fund assets principally in equity securities. TIM believes in long-term investing and does not attempt to time the market. TIM buys securities of companies it believes have the defining features of premier growth companies that are undervalued in the stock market. Premier companies, in the opinion of TIM, have many or all of the following features — shareholder-oriented management, dominance in market share, cost production advantages, leading brands, self-financed growth and attractive reinvestment opportunities. International Portfolio. Templeton seeks to achieve the Fund’s objective by investing in foreign securities. Templeton normally will invest the assets of the “international portfolio” primarily in equity securities. An equity security, or stock, represents a proportionate share of the ownership of a company. Its value is based on the success of the company’s business, any income paid to stockholders, the value of the company’s assets and general market conditions. Common stocks, preferred stocks and convertible securities are examples of equity securities. Convertible securities generally are debt securities or preferred stock that may be converted into common stock after certain time periods or under certain circumstances. For purposes of the Fund’s investments, “foreign securities” means those securities issued by companies that: | TIM generally invests at least 80% of the Fund’s assets in a diversified portfolio of domestic equity securities. TIM, uses an intrinsic valuation discipline in selecting securities, based on strong earnings and cash flows to foster future growth, with the goal of producing a long-term, above-average rate of return. The Fund typically limits its holdings to fewer than 60 companies. TIM uses a “bottom-up” approach to investing. It studies industry and economic trends, but focuses on researching individual companies. As part of TIM’s strategy, the Fund’s portfolio is constructed one company at a time. Each company passes through a rigorous research process and stands on its own merits as a viable investment in TIM’s opinion. In projecting cash flows and determining earnings potential, TIM uses multiple factors such as: • the quality of the management team • the company’s ability to earn returns on capital in excess of the cost of capital • competitive barriers to entry • the financial condition of the company To achieve the Fund’s goal, TIM may invest in securities issued by companies of all sizes. Generally, however, TIM will invest in the securities of companies whose market capitalization (total market value of publicly traded securities) is greater than $500 million. Consistent with the Fund’s objective and other policies, TIM may, but need not, invest in derivatives, including futures, forwards, options and swaps, and also in foreign securities. The Fund may invest its assets in cash, cash equivalent securities or short-term securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | ||
• have their principal securities trading markets outside the U.S.; or |
34
Transamerica Templeton Global | Transamerica Diversified Equity | |||
• derive 50% or more of their total revenue from either goods or services produced or sales made in markets outside the U.S.; or | ||||
• have 50% or more of their assets outside the U.S.; or | ||||
• are linked to non-U.S. dollar currencies; or | ||||
• are organized under the laws of, or with principal offices in, another country. The Fund may invest a portion of its assets in smaller companies. The Fund considers smaller company stocks to be generally those with market capitalizations of less than $4 billion. Templeton may also invest in American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”), which are certificates issued typically by a bank or trust company that give their holders the right to receive securities issued by a foreign or domestic company. Templeton, from time to time, may have significant investments in one or more countries or in particular sectors such as technology companies and financial institutions. Depending upon current market conditions, Templeton generally invests a portion of its total assets in debt securities of companies and governments located anywhere in the world. Templeton may use various derivative strategies seeking to protect its assets, implement a cash or tax management strategy or enhance its returns. With derivatives, the manager attempts to predict whether an underlying investment will increase or decrease in value at some future time. The manager considers various factors, such as availability and cost, in deciding whether to use a particular instrument or strategy. When choosing equity investments, Templeton applies a “bottom-up,” value-oriented, long-term approach, focusing on the market price of a company’s securities relative to the manager’s evaluation of the company’s long-term earnings, asset value and cash flow potential. The manager also considers and analyzes various measures relevant to stock valuation, such as a company’s price/cash flow ratio, price/earnings ratio, profit margins and liquidation value. The Fund may invest its assets in cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market instruments Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. |
35
Transamerica Templeton Global | Transamerica Diversified Equity | |||
Investment Adviser | TAM | |||
Sub-Adviser(s) | TIM Templeton | TIM | ||
Portfolio Managers | TIM: Gary U. Rollé, CFA The biographical information for Mr. Rollé is provided above. Templeton: Tina Sadler, CFA, Vice President, Portfolio Manager and Research Analyst, joined Templeton in 1997 and currently has global research responsibilities for global wireless telecommunication services, small-cap telecommunications, as well as building and construction materials. Antonio T. Docal, CFA, Senior Vice President, joined the Templeton organization in 2001. With more than 20 years of investment experience, Mr. Docal has research responsibility for the global chemical industry, as well as the telecommunications equipment sector. Prior to joining Templeton, Mr. Docal was Vice President and Director at Evergreen Funds in Boston, managing the Evergreen Latin America Fund and co-managing the Evergreen Emerging Markets Growth Fund and the Evergreen Global Opportunities Fund. Mr. Docal earned a B.A. in economics from Trinity College in Connecticut and an M.B.A. with concentrations in finance and international management from the Sloan School of Management at the Massachusetts Institute of Technology. Gary Motyl, CFA, President and Chief Investment Officer, Templeton Institutional Global Equities, manages several institutional mutual funds and separate account portfolios and has research responsibility for the global automobile industry. Mr. Motyl joined Templeton in 1981. The Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. | Gary U. Rollé, CFA Kirk R. Feldhus Thomas E. Larkin, III John D. Lawrence, CFA Peter O. Lopez The biographical information for these portfolio managers is provided above. The Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. | ||
Business | A diversified open-end investment management company organized as a series of Transamerica Funds, a Delaware statutory trust. | |||
Net Assets (as of June 30, 2009) | $71,750,016 | N/A |
36
Transamerica Templeton Global | Transamerica Diversified Equity | |||
Sales Charges and Fees | Class A shares are subject to a maximum initial sales charge of 5.50%. Certain purchases of Class A shares in amounts of $1 million or more are subject to a 1% contingent deferred sales charge for 24 months after purchase. Class B shares are subject to a maximum deferred sales charge of 5.00%, which declines during the first 5 years of purchase (5%-1st year; 4%-2nd year; 3%-3rd year; 2%-4th year; 1%-5th year; 0%-6th year and later). Class C shares are subject to maximum deferred sales charge of 1.00% if redeemed during the first 12 months of purchase. Class A shares, Class B shares and Class C shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.35% for Class A shares, 1.00% for Class B shares and 1.00% Class C shares. | |||
Advisory Fees | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): | ||
• 0.80% for the first $500 million of assets; and | • 0.73% for the first $500 million of assets; | |||
• 0.70% for assets over $500 million. | • 0.70% for assets over $500 million and up to $2.5 billion; and | |||
For the fiscal year ended October 31, 2008, the Fund paid advisory fees of 0.80% of the Fund’s average daily net assets. | • 0.65% for assets over $2.5 billion. | |||
Fee waiver and expense limitation | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.20%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.20%, excluding 12b-1 fees and extraordinary expenses. | TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Destination Fund to the extent that the total expenses of Class A, Class B or Class C of the Destination Fund exceed 1.17% (excluding 12b-1 fees (if any) and extraordinary expenses). There can be no assurance that TAM will extend its contractual obligations beyond March 1, 2011. | ||
Gross and Net Expenses | For a comparison of the gross and net expenses of the Funds, please see the class fee tables in the “The Funds’ Fees and Expenses” section. |
• | Market. The value of securities owned by the Fund may go up or down, sometimes rapidly or unpredictably. If the market prices of the securities owned by the Fund fall, the value of your investment in the Fund will decline. The value of a security may fall due to factors affecting securities markets generally or a particular sector of the securities markets or factors affecting particular industries or issuers. The equity and debt capital markets in the United States and |
37
• | Stocks. Stocks may be volatile — their prices may go up and down dramatically over the shorter term. These price movements may result from factors affecting individual companies, industries, the securities market as a whole or the overall economy. Because the stocks the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down. |
• | Growth Stocks. Growth securities can be volatile for several reasons. Since growth companies usually reinvest a high proportion of their earnings in their own businesses, they may lack the dividends often associated with value stocks that could cushion their decline in a falling market. Also, since investors buy growth stocks because of their expected superior earnings growth, earnings disappointments often result in sharp price declines. Certain types of growth stocks, particularly technology stocks, can be extremely volatile and subject to greater price swings than the broader market. |
• | Derivatives. The use of derivative instruments may involve risks and costs different from, and possibly greater than, the risks and costs associated with investing directly in securities or other traditional investments. The Fund’s use of certain derivatives may in some cases involve forms of financial leverage, which involves risk and may increase the volatility of the Fund’s net asset value. Even a small investment in derivatives can have a disproportionate impact on the Fund. Using derivatives can increase losses and reduce opportunities for gains when market prices, interest rates or currencies, or the derivative instruments themselves, behave in a way not anticipated by the Fund. The other parties to certain derivative contracts present the same types of default or credit risk as issuers of fixed income securities. Certain derivatives may be illiquid, which may reduce the return of the Fund if it cannot sell or terminate the derivative instrument at an advantageous time or price. Some derivatives may be difficult to value or may be subject to the risk that changes in the value of the instrument may not correlate well with the underlying asset, rate or index. In addition, derivatives may be subject to market risk, interest rate risk and credit risk. The Fund could lose the entire amount of its investment in a derivative and, in some cases, could lose more than the principal amount invested. Also, suitable derivative instruments may not be available in all circumstances or at reasonable prices. The Sub-Adviser may not make use of derivatives for a variety of reasons. |
• | Foreign Securities. Investments in foreign securities including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”), and European Depositary Receipts (“EDRs”) involve risks relating to political, social and economic developments abroad, as well as risks resulting from the differences between the regulations to which U.S. and foreign issuer markets are subject. These risks include, without limitation: |
- | different accounting and reporting practices | ||
- | less information available to the public | ||
- | less (or different) regulation of securities markets | ||
- | more complex business negotiations | ||
- | less liquidity | ||
- | more fluctuations in prices | ||
- | delays in settling foreign securities transactions | ||
- | higher costs for holding shares (custodial fees) |
38
- | higher transaction costs | ||
- | vulnerability to seizure and taxes | ||
- | political or financial instability and small markets | ||
- | different market trading days |
• | Value Investing. The value approach to investing carries the risk that the market will not recognize a security’s intrinsic value for a long time, or that a stock judged to be undervalued may actually be appropriately priced. The Fund may underperform other equity funds that use different investing styles. The Fund may also underperform other equity funds using the value style. |
• | Focused Investing. To the extent the Fund invests in a limited number of issuers, its performance may be more volatile than funds that hold a greater variety of securities. |
• | Small- or Medium-Sized Companies. Investing in small and medium-sized companies involves greater risk than is customarily associated with more established companies. Stocks of such companies, particularly developing companies, generally are subject to more volatility in price than larger company securities. Among the reasons for the greater price volatility are the less certain growth prospects of smaller companies, the lower degree of liquidity in the markets for such securities, and the greater sensitivity of smaller companies to changing economic conditions. Smaller companies often have limited product lines, markets, or financial resources, and their management may lack depth and experience. Such companies usually do not pay significant dividends that could cushion returns in a falling market. |
• | Science and Technology Stocks. Securities of science and technology companies are strongly affected by worldwide scientific and technological developments and governmental policies, and, therefore, are generally dependent upon or associated with scientific technological issues. The entire value of the Fund may decrease if technology-related industries decline. Further, the prices of many science and technology companies have experienced considerable volatility in the past and may do so in the future. | ||
• | Health Care Sector. Health care companies are strongly affected by worldwide scientific or technological developments. Their products may rapidly become obsolete and are also often dependent on the developer’s ability to receive patents from regulatory agencies and then to enforce them in the market. A health care company’s valuation can often be based largely on the potential or actual performance of a limited number of products. A health care company’s valuation can be greatly affected if one of its products proves unsafe, ineffective or unprofitable. Many health care companies are also subject to significant government regulation and may be affected by changes in governmental policies. As a result, investments in the health and biotechnology segments | ||
• | Non-Diversification. Focusing investments in a small number of issuers, industries or foreign currencies increases risk. Because the Fund is non-diversified, it may be more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio might be. |
• | Currency. When the Fund invests in securities denominated in foreign currencies, it is subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for reasons such as changes in interest rates, government intervention or political developments. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. |
39
• | Convertible Securities. Convertible securities may include corporate notes or preferred stock, but ordinarily are a long-term debt obligation of the issuer convertible at a stated exchange rate into common stock of the issuer. As with most debt securities, the market value of convertible securities tends to decline as interest rates increase. Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. However, when the market price of the common stock underlying a convertible security exceeds the conversion price, the price of the convertible security tends to reflect the value of the underlying common stock. | ||
• | Smaller Companies. Investing in smaller companies involves greater risk than is customarily associated with more established companies. Stocks of such companies, particularly developing companies, generally are subject to more volatility in price than larger company securities. Among the reasons for the greater price volatility are the less certain growth prospects of smaller companies, the lower degree of liquidity in the markets for such securities, and the greater sensitivity of smaller companies to changing economic conditions. Smaller companies often have limited product lines, markets, or financial resources and their management may lack depth and experience. Such companies usually do not pay significant dividends that could cushion returns in a falling market. | ||
• | Emerging Markets. Investing in the securities of issuers located in or principally doing business in emerging markets bears foreign risks as discussed above. In addition, the risks associated with investing in emerging markets are often greater than investing in developed foreign markets. Specifically, the economic structures in emerging markets countries are less diverse and mature than those in developed countries, and their political systems are less stable. Investments in emerging markets countries may be affected by national policies that restrict foreign investments. Emerging markets countries may have less developed legal structures, and the small size of their securities markets and low trading volumes can make investments illiquid and more volatile than investments in developed countries. As a result, a fund investing in emerging markets countries may be required to establish special custody or other arrangements before investing. | ||
• | Fixed-Income Securities. The value of fixed-income securities may change daily based on changes in interest rates, and other market conditions and factors. Risks include, without limitation: |
- | market risk: fluctuations in market value | ||
- | interest rate risk: the value of a fixed-income security generally decreases as interest rates rise. This may also be the case for dividend paying stocks. Increases in interest rates may cause the value of your investment to go down. The longer the maturity or duration, the more sensitive the value of a fixed-income security is to fluctuations in interest rates | ||
- | prepayment or call risk: declining interest rates may cause issuers of securities held by the Fund to pay principal earlier than scheduled or to exercise a right to call the securities, forcing the Fund to reinvest in lower yielding securities | ||
- | extension risk: rising interest rates may result in slower than expected principal prepayments, which effectively lengthens the maturity of affected securities, making them more sensitive to interest rate changes | ||
- | default or credit risk: issuers (or guarantors) defaulting on their obligations to pay interest or return principal, being perceived as being less creditworthy or having a credit rating downgraded, or the credit quality or value of any underlying asset declines. The Fund may incur expenses to protect the Fund’s interest in securities experiencing these events. If the Fund invests in securities that are subordinated to other securities, or which represent interests in pools of such subordinated securities, those investments may be disproportionately affected by a default or even a perceived decline in creditworthiness of the issuer. |
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• | Country, Sector or Industry Focus. To the extent the Fund invests a significant portion of its assets in one or more countries, sectors or industries at any time, the Fund will face a greater risk of loss due to factors affecting the single country, sector or industry than if the Fund always maintained wide diversity among the countries, sectors and industries in which it invests. For example, technology companies involve risks due to factors such as the rapid pace of product change, technological developments and new competition. Their stocks historically have been volatile in price, especially over the short term, often without regard to the merits of individual companies. Banks and financial institutions are subject to potentially restrictive governmental controls and regulations that may limit or adversely affect profitability and share price. In addition, securities in that sector may be very sensitive to interest rate changes throughout the world. |
(per year ended 12/31)
![BAR GRAPH](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025716.gif)
Highest: | 16.18 | % | Quarter ended: | 3/31/2000 | ||||
Lowest: | (24.40 | )% | Quarter ended: | 12/31/2008 |
41
(for periods ended 12/31/2008)(1)
10 Years or | ||||||||||||
Transamerica Premier Diversified Equity Fund | 1 Year | 5 Years | Life of Fund | |||||||||
Investor Class – Return before Taxes | (40.93 | )% | (1.18 | )% | 0.35 | % | ||||||
Investor Class – Return after taxes on distributions(2) | (41.24 | )% | (1.40 | )% | 0.15 | % | ||||||
Investor Class – Return after taxes on distributions and sale of fund shares(2) | (26.29 | )% | (0.96 | )% | 0.30 | % | ||||||
S&P 500 Index(3) | (37.00 | )% | (2.19 | )% | (1.38 | )% |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. | |
(2) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(3) | The S&P 500 Index consists of 500 widely held, publicly traded common stocks. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
Shares
(per year ended 12/31)
![BAR GRAPH](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025704.gif)
Highest: | 7.50 | % | Quarter ended: | 9/30/2007 | ||||
Lowest: | (24.70 | )% | Quarter ended: | 12/31/2008 |
(for periods ended 12/31/2008)(1)
10 Years or Life | ||||||||
Transamerica Premier Institutional Diversified Equity Fund | 1 Year | of Fund(2) | ||||||
Institutional Class – Return before Taxes | (40.98 | )% | (3.47 | )% | ||||
Institutional Class – Return after taxes on distributions(3) | (41.51 | )% | (3.88 | )% | ||||
Institutional Class – Return after taxes on distributions and sale of fund shares(3) | (25.95 | )% | (2.84 | )% | ||||
S&P 500 Index(4) | (37.00 | )% | (4.72 | )% |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. |
(2) | The Fund commenced operations on February 1, 2005. | |
(3) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(4) | The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
42
(per year ended 12/31)
![BAR GRAPH](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025708.gif)
Highest: | 35.04 | % | Quarter ended: | 12/31/2001 | ||||
Lowest: | (34.51 | )% | Quarter ended: | 9/30/2001 |
(for periods ended 12/31/2008)(1)
Life of | ||||||||||||
Transamerica Science & Technology | 1 Year | 5 Years | Fund(2) | |||||||||
Class A | ||||||||||||
Return before taxes | (52.03 | )% | (7.10 | )% | (14.72 | )% | ||||||
Return after taxes on distributions(3) | (52.03 | )% | (7.28 | )% | (14.82 | )% | ||||||
Return after taxes on distributions and sale of fund shares(3) | (33.82 | )% | (5.83 | )% | (11.03 | )% | ||||||
Class B (Return before Taxes Only) | (52.11 | )% | (6.81 | )% | (14.75 | )% | ||||||
Class C (Return before Taxes Only) | (49.99 | )% | (6.63 | )% | 0.82 | % | ||||||
Class I (Return before Taxes Only) | (48.94 | )% | N/A | (10.85 | )% | |||||||
Dow Jones U.S. Technology Index(4) | (42.85 | )% | (5.21 | )% | (13.81 | )% |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. After-tax returns are presented for only one class and returns for other classes will vary. | |
(2) | Class A and Class B commenced operations on July 14, 2000. Class C commenced operations on November 11, 2002. Class I commenced operations on November 15, 2005. | |
(3) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(4) | The Dow Jones U.S. Technology Index is a widely recognized, unmanaged index of market performance that measures the performance of the technology sector of the U.S. equity market. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
43
(per year ended 12/31)
![BAR GRAPH](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025709.gif)
Highest: | 43.29 | % | Quarter ended: | 12/31/1999 | ||||
Lowest: | (21.89 | )% | Quarter ended: | 12/31/2008 |
(for periods ended 12/31/2008) (1)
10 Years or | ||||||||||||
Life of | ||||||||||||
Transamerica Templeton Global | 1 Year | 5 Years | Fund(2) | |||||||||
Class A | ||||||||||||
Return before taxes | (46.67 | )% | (4.06 | )% | (2.87 | )% | ||||||
Return after taxes on distributions(3) | (46.76 | )% | (4.18 | )% | (3.11 | )% | ||||||
Return after taxes on distributions and sale of fund shares(3) | (30.25 | )% | (3.37 | )% | (2.33 | )% | ||||||
Class B (Return before Taxes Only) | (46.80 | )% | (3.82 | )% | (2.84 | )% | ||||||
Class C (Return before Taxes Only) | (44.57 | )% | (3.65 | )% | 0.05 | % | ||||||
Morgan Stanley Capital International World ex U.S. Index (4) | (40.33 | )% | 0.00 | % | (0.19 | )% |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. After-tax returns are presented for only one class and returns for other classes will vary. | |
(2) | Class A commenced operations on October 1, 1992. Class B commenced operations on October 1, 1995. Class C commenced operations on November 11, 2002. | |
(3) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(4) | The Morgan Stanley Capital International World ex-U.S. Index is a widely recognized, unmanaged index of market performance made up of equities from over 20 countries, excluding the United States. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
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Transamerica | Transamerica | |||||||||||
Premier | Transamerica | Diversified | ||||||||||
Diversified | Diversified | Equity | ||||||||||
Equity Fund | Equity | (Pro Forma) | ||||||||||
Investor | ||||||||||||
Class | Class P(a) | Class P | ||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | |||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | N/A | N/A | |||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(b) | ||||||||||||
Management Fees | 0.72 | % | N/A | 0.73 | % | |||||||
Rule 12b-1 Fees | 0.25 | % | N/A | 0.25 | % | |||||||
Other Expenses | 0.35 | % | N/A | 0.35 | % | |||||||
Total | 1.32 | % | N/A | 1.33 | % | |||||||
Expense Reduction | 0.17 | %(c) | N/A | 0.18 | %(d) | |||||||
Net Operating Expenses | 1.15 | % | N/A | 1.15 | % |
(a) | Because Class P of Transamerica Diversified Equity is a new share class, no fee and expense information is available for the twelve-month period ended April 30, 2009. | |
(b) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(c) | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.15%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.15% (other than interest, taxes, brokerage commissions and extraordinary expenses). | |
(d) | TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the Fund’s net expenses to 1.15% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the Fund through March 1, 2011. |
Transamerica | Combined | |||||||||||
Premier | Transamerica | |||||||||||
Institutional | Transamerica | Diversified | ||||||||||
Diversified | Diversified | Equity | ||||||||||
Equity Fund | Equity | (Pro Forma) | ||||||||||
Institutional | ||||||||||||
Class | Class I(a) | Class I | ||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | |||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | N/A | N/A | |||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(b) | ||||||||||||
Management Fees | 0.58 | % | N/A | 0.73 | % | |||||||
Rule 12b-1 Fees | 0.00 | % | N/A | 0.00 | % | |||||||
Other Expenses | 9.46 | % | N/A | 9.46 | % | |||||||
Total | 10.04 | % | N/A | 10.19 | % | |||||||
Expense Reduction | 9.29 | %(c) | N/A | 9.02 | %(d) | |||||||
Net Operating Expenses | 0.75 | % | N/A | 1.17 | % |
(a) | Because Class I of Transamerica Diversified Equity is a new share class, no fee and expense information is available for the twelve-month period ended April 30, 2009. | |
(b) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(c) | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 0.75%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 0.75% (other than interest, taxes, brokerage commissions and extraordinary expenses). | |
(d) | TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Fund to the extent that the total expenses of Class I exceed 1.17% (excluding 12b-1 fees (if any) and extraordinary expenses). There can be no assurance that TAM will extend its contractual obligations beyond March 1, 2011. |
45
Combined | Combined | |||||||||||||||||||||||
Transamerica | Transamerica | |||||||||||||||||||||||
Transamerica | Transamerica | Diversified | Transamerica | Transamerica | Diversified | |||||||||||||||||||
Science & | Diversified | Equity | Science & | Diversified | Equity | |||||||||||||||||||
Technology | Equity | (Pro Forma) | Technology | Equity | (Pro Forma) | |||||||||||||||||||
Class A | Class A(a) | Class A | Class B | Class B(a) | Class B | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | N/A | 5.50 | % | N/A | N/A | N/A | ||||||||||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | (b) | N/A | N/A | (b) | 5.00 | %(c) | N/A | 5.00 | %(c) | ||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(d) | ||||||||||||||||||||||||
Management Fees | 0.78 | % | N/A | 0.73 | % | 0.78 | % | N/A | 0.73 | % | ||||||||||||||
Rule 12b-1 Fees | 0.35 | % | N/A | 0.35 | % | 1.00 | % | N/A | 1.00 | % | ||||||||||||||
Other Expenses | 0.78 | % | N/A | 0.78 | % | 1.05 | % | N/A | 1.06 | % | ||||||||||||||
Total | 1.91 | % | N/A | 1.86 | % | 2.83 | % | N/A | 2.79 | % | ||||||||||||||
Expense Reduction | 0.38 | %(e) | N/A | 0.34 | %(f) | 0.65 | %(e) | N/A | 0.62 | %(f) | ||||||||||||||
Net Operating Expenses | 1.53 | % | N/A | 1.52 | % | 2.18 | % | N/A | 2.17 | % |
Combined | Combined | |||||||||||||||||||||||
Transamerica | Transamerica | |||||||||||||||||||||||
Transamerica | Transamerica | Diversified | Transamerica | Transamerica | Diversified | |||||||||||||||||||
Science & | Diversified | Equity | Science & | Diversified | Equity | |||||||||||||||||||
Technology | Equity | (Pro Forma) | Technology | Equity | (Pro Forma) | |||||||||||||||||||
Class C | Class C(a) | Class C | Class I | Class I(a) | Class I | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | 1.00 | %(g) | N/A | 1.00 | %(g) | N/A | N/A | N/A | ||||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(d) | ||||||||||||||||||||||||
Management Fees | 0.78 | % | N/A | 0.73 | % | 0.78 | % | N/A | 0.73 | % | ||||||||||||||
Rule 12b-1 Fees | 1.00 | % | N/A | 1.00 | % | 0.00 | % | N/A | 0.00 | % | ||||||||||||||
Other Expenses | 0.77 | % | N/A | 0.77 | % | 0.20 | % | N/A | 0.20 | % | ||||||||||||||
Total | 2.55 | % | N/A | 2.50 | % | 0.98 | % | N/A | 0.93 | % | ||||||||||||||
Expense Reduction | 0.37 | %(e) | N/A | 0.33 | %(f) | 0.00 | %(e) | N/A | 0.00 | %(f) | ||||||||||||||
Net Operating Expenses | 2.18 | % | N/A | 2.17 | % | 0.98 | % | N/A | 0.93 | % |
(a) | Because each of Class A, Class B, Class C and Class I of Transamerica Diversified Equity is a new share class, no fee and expense information is available for the twelve-month period ended April 30, 2009. | |
(b) | Certain purchases of Class A shares in amounts of $1 million or more are subject to a 1% contingent deferred sales charge (“CDSC”) for 24 months after purchase. | |
(c) | Purchases of Class B shares are subject to declining CDSC if redeemed during the first 5 years of purchase (5%-1st year; 4%-2nd year; 3%-3rd year; 2%-4th year; 1%-5th year; 0%-6th year and later). | |
(d) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(e) | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.18%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the fund of Fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.18%, excluding 12b-1 fees and extraordinary expenses. | |
(f) | TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Destination Fund to the extent that the total expenses of Class A, Class B, Class C or Class I of the Destination Fund exceed 1.17% (excluding 12b-1 fees (if any) and extraordinary expenses). There can be no assurance that TAM will extend its contractual obligations beyond March 1, 2011. | |
(g) | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
46
Combined | Combined | |||||||||||||||||||||||
Transamerica | Transamerica | |||||||||||||||||||||||
Transamerica | Transamerica | Diversified | Transamerica | Transamerica | Diversified | |||||||||||||||||||
Templeton | Diversified | Equity | Templeton | Diversified | Equity | |||||||||||||||||||
Global | Equity | (Pro Forma) | Global | Equity | (Pro Forma) | |||||||||||||||||||
Class A | Class A(a) | Class A | Class B | Class B(a) | Class B | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | N/A | 5.50 | % | N/A | N/A | N/A | ||||||||||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | (b) | N/A | N/A | (b) | 5.00 | %(c) | N/A | 5.00 | %(c) | ||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(d) | ||||||||||||||||||||||||
Management Fees | 0.80 | % | N/A | 0.73 | % | 0.80 | % | N/A | 0.73 | % | ||||||||||||||
Rule 12b-1 Fees | 0.35 | % | N/A | 0.35 | % | 1.00 | % | N/A | 1.00 | % | ||||||||||||||
Other Expenses | 0.64 | % | N/A | 0.64 | % | 0.81 | % | N/A | 0.82 | % | ||||||||||||||
Total | 1.79 | % | N/A | 1.72 | % | 2.61 | % | N/A | 2.55 | % | ||||||||||||||
Expense Reduction | 0.24 | %(e) | N/A | 0.20 | %(f) | 0.41 | %(e) | N/A | 0.38 | %(f) | ||||||||||||||
Net Operating Expenses | 1.55 | % | N/A | 1.52 | % | 2.20 | % | N/A | 2.17 | % |
Combined | ||||||||||||
Transamerica | ||||||||||||
Transamerica | Transamerica | Diversified | ||||||||||
Templeton | Diversified | Equity | ||||||||||
Global | Equity | (Pro Forma) | ||||||||||
Class C | Class C(a) | Class C | ||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | |||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | 1.00 | %(g) | 1.00 | % | 1.00 | %(g) | ||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(d) | ||||||||||||
Management Fees | 0.80 | % | N/A | 0.73 | % | |||||||
Rule 12b-1 Fees | 1.00 | % | N/A | 1.00 | % | |||||||
Other Expenses | 0.58 | % | N/A | 0.58 | % | |||||||
Total | 2.38 | % | N/A | 2.31 | % | |||||||
Expense Reduction | 0.18 | %(e) | N/A | 0.14 | %(f) | |||||||
Net Operating Expenses | 2.20 | % | N/A | 2.17 | % |
(a) | Because each of Class A, Class B and Class C of Transamerica Diversified Equity is a new share class, no fee and expense information is available for the twelve-month period ended April 30, 2009. | |
(b) | Certain purchases of Class A shares in amounts of $1 million or more are subject to a 1% contingent deferred sales charge (“CDSC”) for 24 months after purchase. | |
(c) | Purchases of Class B shares are subject to declining CDSC if redeemed during the first 5 years of purchase (5%-1st year; 4%-2nd year; 3%-3rd year; 2%-4th year; 1%-5th year; 0%-6th year and later). | |
(d) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(e) | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.20%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.20%, excluding 12b-1 fees and extraordinary expenses. | |
(f) | TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Destination Fund to the extent that the total expenses of Class A, Class B or Class C of the Destination Fund exceed 1.17% (excluding 12b-1 fees (if any) and extraordinary expenses). There can be no assurance that TAM will extend its contractual obligations beyond March 1, 2011. | |
(g) | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
47
Transamerica | Combined | |||||||||||||||||||||||
Transamerica | Transamerica | Premier | Transamerica | |||||||||||||||||||||
Premier | Transamerica | Diversified | Institutional | Transamerica | Diversified | |||||||||||||||||||
Diversified | Diversified | Equity | Diversified | Diversified | Equity | |||||||||||||||||||
Equity Fund | Equity | (Pro Forma) | Equity Fund | Equity | (Pro Forma) | |||||||||||||||||||
Investor Class | Class P(a) | Class P | Institutional Class | Class I(a) | Class I | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(b) | ||||||||||||||||||||||||
Management Fees | 0.72 | % | N/A | 0.73 | % | 0.58 | % | N/A | 0.73 | % | ||||||||||||||
Rule 12b-1 Fees | 0.25 | % | N/A | 0.25 | % | 0.00 | % | N/A | 0.00 | % | ||||||||||||||
Other Expenses | 0.35 | % | N/A | 0.35 | % | 9.46 | % | N/A | 0.09 | % | ||||||||||||||
Total | 1.32 | % | N/A | 1.33 | % | 10.04 | % | N/A | 0.82 | % | ||||||||||||||
Expense Reduction | 0.17 | %(c) | N/A | 0.18 | %(d) | 9.29 | %(e) | N/A | 0.00 | %(f) | ||||||||||||||
Net Operating Expenses | 1.15 | % | N/A | 1.15 | % | 0.75 | % | N/A | 0.82 | % |
Combined | Combined | |||||||||||||||||||||||
Transamerica | Transamerica | |||||||||||||||||||||||
Transamerica | Transamerica | Diversified | Transamerica | Transamerica | Diversified | |||||||||||||||||||
Science & | Diversified | Equity | Science & | Diversified | Equity | |||||||||||||||||||
Technology | Equity | (Pro Forma) | Technology | Equity | (Pro Forma) | |||||||||||||||||||
Class A | Class A(a) | Class A | Class B | Class B(a) | Class B | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | N/A | 5.50 | % | N/A | N/A | N/A | ||||||||||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | (g) | N/A | N/A | (g) | 5.00 | %(h) | N/A | 5.00 | %(h) | ||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(b) | ||||||||||||||||||||||||
Management Fees | 0.78 | % | N/A | 0.73 | % | 0.78 | % | N/A | 0.73 | % | ||||||||||||||
Rule 12b-1 Fees | 0.35 | % | N/A | 0.35 | % | 1.00 | % | N/A | 1.00 | % | ||||||||||||||
Other Expenses | 0.78 | % | N/A | 0.63 | % | 1.05 | % | N/A | 0.83 | % | ||||||||||||||
Total | 1.91 | % | N/A | 1.71 | % | 2.83 | % | N/A | 2.56 | % | ||||||||||||||
Expense Reduction | 0.38 | %(i) | N/A | 0.19 | %(j) | 0.65 | %(i) | N/A | 0.39 | %(j) | ||||||||||||||
Net Operating Expenses | 1.53 | % | N/A | 1.52 | % | 2.18 | % | N/A | 2.17 | % |
Combined | Combined | |||||||||||||||||||||||
Transamerica | Transamerica | |||||||||||||||||||||||
Transamerica | Transamerica | Diversified | Transamerica | Transamerica | Diversified | |||||||||||||||||||
Science & | Diversified | Equity | Science & | Diversified | Equity | |||||||||||||||||||
Technology | Equity | (Pro Forma) | Technology | Equity | (Pro Forma) | |||||||||||||||||||
Class C | Class C(a) | Class C | Class I | Class I(a) | Class I | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | 1.00 | %(k) | N/A | 1.00 | %(k) | N/A | N/A | N/A | ||||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(b) | ||||||||||||||||||||||||
Management Fees | 0.78 | % | N/A | 0.73 | % | 0.78 | % | N/A | 0.73 | % | ||||||||||||||
Rule 12b-1 Fees | 1.00 | % | N/A | 1.00 | % | 0.00 | % | N/A | 0.00 | % | ||||||||||||||
Other Expenses | 0.77 | % | N/A | 0.58 | % | 0.20 | % | N/A | 0.09 | % | ||||||||||||||
Total | 2.55 | % | N/A | 2.31 | % | 0.98 | % | N/A | 0.82 | % | ||||||||||||||
Expense Reduction | 0.37 | %(i) | N/A | 0.14 | %(j) | 0.00 | %(i) | N/A | 0.00 | %(j) | ||||||||||||||
Net Operating Expenses | 2.18 | % | N/A | 2.17 | % | 0.98 | % | N/A | 0.82 | % |
48
Combined | Combined | |||||||||||||||||||||||
Transamerica | Transamerica | |||||||||||||||||||||||
Transamerica | Transamerica | Diversified | Transamerica | Transamerica | Diversified | |||||||||||||||||||
Templeton | Diversified | Equity | Templeton | Diversified | Equity | |||||||||||||||||||
Global | Equity | (Pro Forma) | Global | Equity | (Pro Forma) | |||||||||||||||||||
Class A | Class A(a) | Class A | Class B | Class B(a) | Class B | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | N/A | 5.50 | % | N/A | N/A | N/A | ||||||||||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | (g) | N/A | N/A | (g) | 5.00 | %(h) | N/A | 5.00 | %(h) | ||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(b) | ||||||||||||||||||||||||
Management Fees | 0.80 | % | N/A | 0.73 | % | 0.80 | % | N/A | 0.73 | % | ||||||||||||||
Rule 12b-1 Fees | 0.35 | % | N/A | 0.35 | % | 1.00 | % | N/A | 1.00 | % | ||||||||||||||
Other Expenses | 0.64 | % | N/A | 0.63 | % | 0.81 | % | N/A | 0.83 | % | ||||||||||||||
Total | 1.79 | % | N/A | 1.71 | % | 2.61 | % | N/A | 2.56 | % | ||||||||||||||
Expense Reduction | 0.24 | %(l) | N/A | 0.19 | %(j) | 0.41 | %(l) | N/A | 0.39 | %(j) | ||||||||||||||
Net Operating Expenses | 1.55 | % | N/A | 1.52 | % | 2.20 | % | N/A | 2.17 | % |
Combined | ||||||||||||
Transamerica | ||||||||||||
Transamerica | Transamerica | Diversified | ||||||||||
Templeton | Diversified | Equity | ||||||||||
Global | Equity | (Pro Forma) | ||||||||||
Class C | Class C(a) | Class C | ||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | |||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | 1.00 | %(k) | N/A | 1.00 | %(k) | |||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(b) | ||||||||||||
Management Fees | 0.80 | % | N/A | 0.73 | % | |||||||
Rule 12b-1 Fees | 1.00 | % | N/A | 1.00 | % | |||||||
Other Expenses | 0.58 | % | N/A | 0.58 | % | |||||||
Total | 2.38 | % | N/A | 2.31 | % | |||||||
Expense Reduction | 0.18 | %(l) | N/A | 0.14 | %(j) | |||||||
Net Operating Expenses | 2.20 | % | N/A | 2.17 | % |
(a) | Because Transamerica Diversified Equity is a new fund, no fee and expense information is available for any of its share classes for the twelve-month period ended April 30, 2009. | |
(b) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(c) | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.15%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.15% (other than interest, taxes, brokerage commissions and extraordinary expenses). | |
(d) | TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the Fund’s net expenses to 1.15% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the Fund through March 1, 2011. | |
(e) | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 0.75%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 0.75% (other than interest, taxes, brokerage commissions and extraordinary expenses). | |
(f) | TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Fund to the extent that the total expenses of Class I exceed 1.17% (excluding 12b-1 fees (if any) and extraordinary expenses). There can be no assurance that TAM will extend its contractual obligations beyond March 1, 2011. | |
(g) | Certain purchases of Class A shares in amounts of $1 million or more are subject to a 1% contingent deferred sales charge (“CDSC”) for 24 months after purchase. | |
(h) | Purchases of Class B shares are subject to declining CDSC if redeemed during the first 5 years of purchase (5%-1st year; 4%-2nd year; 3%-3rd year; 2%-4th year; 1%-5th year; 0%-6th year and later). | |
(i) | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.18%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the fund of Fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.18%, excluding 12b-1 fees and extraordinary expenses. | |
(j) | TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Destination Fund to the extent that the total expenses of Class A, Class B, Class C or Class I of the Destination Fund exceed 1.17% (excluding 12b-1 fees (if any) and extraordinary expenses). There can be no assurance that TAM will extend its contractual obligations beyond March 1, 2011. | |
(k) | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
(l) | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.20%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.20%, excluding 12b-1 fees and extraordinary expenses. |
• | you invest $10,000 in each Fund; | ||
• | you reinvest all dividends and distributions without a sales charge; | ||
• | your investment has a 5% annual return (this assumption is required by the SEC and is not a prediction of the Fund’s future performance); and | ||
• | each Fund’s operating expenses remain the same. |
49
Combined | ||||||||
Transamerica | Transamerica | |||||||
Premier | Diversified | |||||||
Number of years | Diversified | Equity | ||||||
you own your shares | Equity Fund | (Pro Forma) | ||||||
Investor Class / Class P | ||||||||
Year 1 | $ | 117 | $ | 117 | ||||
Year 3 | $ | 402 | $ | 404 | ||||
Year 5 | $ | 707 | $ | 712 | ||||
Year 10 | $ | 1,575 | $ | 1,586 |
Transamerica | Combined | |||||||
Premier | Transamerica | |||||||
Institutional | Diversified | |||||||
Number of years | Diversified | Equity | ||||||
you own your shares | Equity Fund | (Pro Forma) | ||||||
Institutional Class / Class I | ||||||||
Year 1 | $ | 77 | $ | 119 | ||||
Year 3 | $ | 2,066 | $ | 2,127 | ||||
Year 5 | $ | 3,859 | $ | 3,932 | ||||
Year 10 | $ | 7,610 | $ | 7,685 |
Combined | ||||||||
Transamerica | ||||||||
Transamerica | Diversified | |||||||
Number of years | Science & | Equity | ||||||
you own your shares | Technology | (Pro Forma) | ||||||
Class A | ||||||||
Year 1 | $ | 697 | $ | 696 | ||||
Year 3 | $ | 1,082 | $ | 1,071 | ||||
Year 5 | $ | 1,492 | $ | 1,471 | ||||
Year 10 | $ | 2,631 | $ | 2,584 | ||||
Class B* | ||||||||
Year 1 | $ | 721 | $ | 720 | ||||
Year 3 | $ | 1,116 | $ | 1,107 | ||||
Year 5 | $ | 1,536 | $ | 1,519 | ||||
Year 10 | $ | 2,890 | $ | 2,850 | ||||
Class C | ||||||||
Year 1 | $ | 321 | $ | 320 | ||||
Year 3 | $ | 758 | $ | 747 | ||||
Year 5 | $ | 1,322 | $ | 1,301 | ||||
Year 10 | $ | 2,858 | $ | 2,811 |
50
Combined | ||||||||
Transamerica | ||||||||
Transamerica | Diversified | |||||||
Number of years | Science & | Equity | ||||||
you own your shares | Technology | (Pro Forma) | ||||||
Class I | ||||||||
Year 1 | $ | 100 | $ | 95 | ||||
Year 3 | $ | 312 | $ | 296 | ||||
Year 5 | $ | 542 | $ | 515 | ||||
Year 10 | $ | 1,201 | $ | 1,143 |
Combined | ||||||||
Transamerica | Transamerica | |||||||
Number of years | Science & | Diversified Equity | ||||||
you own your shares | Technology | (Pro Forma) | ||||||
Class B* | ||||||||
Year 1 | $ | 221 | $ | 220 | ||||
Year 3 | $ | 816 | $ | 807 | ||||
Year 5 | $ | 1,436 | $ | 1,419 | ||||
Year 10 | $ | 2,890 | $ | 2,850 | ||||
Class C | ||||||||
Year 1 | $ | 221 | $ | 220 | ||||
Year 3 | $ | 758 | $ | 747 | ||||
Year 5 | $ | 1,322 | $ | 1,301 | ||||
Year 10 | $ | 2,858 | $ | 2,811 |
* | Examples for Class B shares assume conversion to Class A shares 8 years after purchase. |
Combined | ||||||||
Transamerica | ||||||||
Transamerica | Diversified | |||||||
Number of years | Templeton | Equity | ||||||
you own your shares | Global | (Pro Forma) | ||||||
Class A | ||||||||
Year 1 | $ | 699 | $ | 696 | ||||
Year 3 | $ | 1,060 | $ | 1,044 | ||||
Year 5 | $ | 1,445 | $ | 1,414 | ||||
Year 10 | $ | 2,521 | $ | 2,453 | ||||
Class B* | ||||||||
Year 1 | $ | 723 | $ | 720 | ||||
Year 3 | $ | 1,073 | $ | 1,057 | ||||
Year 5 | $ | 1,449 | $ | 1,421 | ||||
Year 10 | $ | 2,714 | $ | 2,653 | ||||
Class C | ||||||||
Year 1 | $ | 323 | $ | 320 | ||||
Year 3 | $ | 725 | $ | 708 | ||||
Year 5 | $ | 1,254 | $ | 1,223 | ||||
Year 10 | $ | 2,703 | $ | 2,635 |
51
Combined | ||||||||
Transamerica | ||||||||
Number of years | Transamerica | Diversified Equity | ||||||
you own your shares | Templeton Global | (Pro Forma) | ||||||
Class B* | ||||||||
Year 1 | $ | 223 | $ | 220 | ||||
Year 3 | $ | 773 | $ | 757 | ||||
Year 5 | $ | 1,349 | $ | 1,321 | ||||
Year 10 | $ | 2,714 | $ | 2,653 | ||||
Class C | ||||||||
Year 1 | $ | 223 | $ | 220 | ||||
Year 3 | $ | 725 | $ | 708 | ||||
Year 5 | $ | 1,254 | $ | 1,223 | ||||
Year 10 | $ | 2,703 | $ | 2,635 |
* | Examples for Class B shares assume conversion to Class A shares 8 years after purchase. |
Transamerica | Combined | |||||||||||||||||||
Transamerica | Premier | Transamerica | ||||||||||||||||||
Number of years | Premier | Institutional | Transamerica | Transamerica | Diversified | |||||||||||||||
you own your | Diversified | Diversified | Science & | Templeton | Equity | |||||||||||||||
shares | Equity Fund | Equity Fund | Technology | Global | (Pro Forma) | |||||||||||||||
Class A | ||||||||||||||||||||
Year 1 | N/A | N/A | $ | 697 | $ | 699 | $ | 696 | ||||||||||||
Year 3 | N/A | N/A | $ | 1,082 | $ | 1,060 | $ | 1,042 | ||||||||||||
Year 5 | N/A | N/A | $ | 1,492 | $ | 1,445 | $ | 1,410 | ||||||||||||
Year 10 | N/A | N/A | $ | 2,631 | $ | 2,521 | $ | 2,443 | ||||||||||||
Class B* | ||||||||||||||||||||
Year 1 | N/A | N/A | $ | 721 | $ | 723 | $ | 720 | ||||||||||||
Year 3 | N/A | N/A | $ | 1,116 | $ | 1,073 | $ | 1,059 | ||||||||||||
Year 5 | N/A | N/A | $ | 1,536 | $ | 1,449 | $ | 1,426 | ||||||||||||
Year 10 | N/A | N/A | $ | 2,890 | $ | 2,714 | $ | 2,658 | ||||||||||||
Class C | ||||||||||||||||||||
Year 1 | N/A | N/A | $ | 321 | $ | 323 | $ | 320 | ||||||||||||
Year 3 | N/A | N/A | $ | 758 | $ | 725 | $ | 708 | ||||||||||||
Year 5 | N/A | N/A | $ | 1,322 | $ | 1,254 | $ | 1,223 | ||||||||||||
Year 10 | N/A | N/A | $ | 2,858 | $ | 2,703 | $ | 2,635 | ||||||||||||
Investor Class / Class P | ||||||||||||||||||||
Year 1 | $ | 117 | N/A | N/A | N/A | $ | 117 | |||||||||||||
Year 3 | $ | 402 | N/A | N/A | N/A | $ | 404 | |||||||||||||
Year 5 | $ | 707 | N/A | N/A | N/A | $ | 712 | |||||||||||||
Year 10 | $ | 1,575 | N/A | N/A | N/A | $ | 1,586 | |||||||||||||
Institutional Class / Class I | ||||||||||||||||||||
Year 1 | N/A | $ | 77 | $ | 100 | N/A | $ | 84 | ||||||||||||
Year 3 | N/A | $ | 2,066 | $ | 312 | N/A | $ | 262 | ||||||||||||
Year 5 | N/A | $ | 3,859 | $ | 542 | N/A | $ | 455 | ||||||||||||
Year 10 | N/A | $ | 7,610 | $ | 1,201 | N/A | $ | 1,014 |
52
Combined | ||||||||||||
Transamerica | Transamerica | |||||||||||
Number of years | Science & | Transamerica | Diversified Equity | |||||||||
you own your shares | Technology | Templeton Global | (Pro Forma) | |||||||||
Class B* | ||||||||||||
Year 1 | $ | 221 | $ | 223 | $ | 220 | ||||||
Year 3 | $ | 816 | $ | 773 | $ | 759 | ||||||
Year 5 | $ | 1,436 | $ | 1,349 | $ | 1,326 | ||||||
Year 10 | $ | 2,890 | $ | 2,714 | $ | 2,658 | ||||||
Class C | ||||||||||||
Year 1 | $ | 221 | $ | 223 | $ | 220 | ||||||
Year 3 | $ | 758 | $ | 725 | $ | 708 | ||||||
Year 5 | $ | 1,322 | $ | 1,254 | $ | 1,223 | ||||||
Year 10 | $ | 2,858 | $ | 2,703 | $ | 2,635 |
* | Examples for Class B shares assume conversion to Class A shares 8 years after purchase. |
• | The Board Members considered that each Reorganization presents an opportunity for the shareholders of the Target Fund to become investors in a combined fund that has a larger asset size without the obligation to pay commissions or other transaction costs that a fund normally incurs when purchasing securities. The Board Members considered TAM’s belief that this opportunity may give the combined Destination Fund the ability to diversify further its holdings and effect larger portfolio trading transactions, for the benefit of shareholders. The Board Members considered that the Reorganization could, with regard to the Transamerica Premier Diversified Equity Fund and the Transamerica Premier Institutional Diversified Equity Fund, eliminate confusion in the marketplace caused by having multiple funds with similar investment mandates, and with regard to all the Funds, enhance the potential for the combined Destination Fund to achieve growth in assets. The Board Members noted that TAM believes that the Transamerica Science & Technology and Transamerica Templeton Global funds are dated in style and failing to attract assets. The Board Members noted that TAM believes that the combined Destination Fund may be better positioned to attract assets than each Target Fund, and that the larger size of the combined Destination Fund may offer the potential for greater economies of scale by enabling the combined Destination Fund to obtain better net prices on securities trades and by reducing per share expenses as fixed expenses are shared over a larger asset base. |
• | The Board Members considered that the Reorganization could eliminate certain redundancies and inefficiencies in the Transamerica fund complex product line offerings, which could strengthen TAM’s ability to pursue investment and marketing opportunities on behalf of the Transamerica funds. The Board Members also considered that the Reorganization is one of a number of reorganizations and other initiatives recently approved by the Board Members of the Transamerica funds. The Board Members noted that the initiatives are designed to streamline the Transamerica fund complex, to promote operating efficiencies, and to result in a more cohesive fund platform. |
• | The Board Members considered that the pro forma gross expense ratio of each class of shares of the combined Destination Fund is expected to be lower than the historical gross expense ratios of the corresponding class of shares of each Target Fund. |
• | The Board Members considered that, for each Target Fund except for the Transamerica Premier Institutional Diversified Equity, TAM has contractually undertaken to waive fees and/or reimburse expenses on behalf of the Destination Fund to the extent that the total expenses of corresponding classes of the Destination Fund exceed certain operating levels. |
• | The Board Members considered that, given the anticipated costs and benefits of the Reorganization, the expenses associated with the preparation, printing and mailing of any |
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shareholder communications, including this Information Statement/Prospectus, and any regulatory filings in connection with the Reorganization, would be shared by TAM, and, subject to certain limits, the Target Funds and the Destination Fund. |
• | The Board Members noted that, as a newly-organized fund, the Destination Fund did not have any performance history against which to evaluate the Target Funds’ performance. However, the Board Members considered the performance of Transamerica Premier Diversified Equity Fund, a fund with an investment objective and principal investment strategies and policies substantially similar to the Destination Fund and that was managed by the same portfolio managers who will manage the Destination Fund. The Board Members considered that the performance of the Funds was generally comparable over the 1- and 3-year periods ended February 28, 2009. The Board Members noted that the Transamerica Premier Diversified Equity Fund’s performance was higher than Transamerica Science & Technology’s for the 5- and 10-year periods ended February 28, 2009 and higher than Transamerica Templeton Global’s for the 10-year period ended February 28, 2009. | ||
Tax |
• | The Board Members considered the expected tax-free nature of the Reorganization for U.S. federal income tax purposes. |
• | The Board Members considered the investment objective and policies of the Destination Fund and their compatibility with those of each Target Fund. |
• | The Board Members considered that TAM is the adviser to each Target Fund and the Destination Fund. |
• | The Board Members considered the terms and conditions of the Agreement and Plan of Reorganization. |
• | The Board Members considered that the portfolio managers of the combined Destination Fund may conclude that a significant number of holdings of the Target Funds may not be consistent with the combined Destination Fund’s long-term investment strategy, and may dispose of such positions, but that TAM represented that portfolio transition should not have a material adverse effect on the Funds and their shareholders. |
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Transamerica | ||||||||||||||||
Transamerica | Diversified | Pro Forma | ||||||||||||||
Premier | Transamerica | EquityPro | Transamerica | |||||||||||||
Diversified | Diversified | Forma | Diversified | |||||||||||||
Equity Fund | Equity(1) | Adjustments | Equity | |||||||||||||
Net Assets (000’s) | ||||||||||||||||
Class A | — | — | — | |||||||||||||
Class B | — | — | — | |||||||||||||
Class C | — | — | — | |||||||||||||
Class P | — | — | $ | 249,714 | $ | 249,714 | ||||||||||
Class I | — | — | — | |||||||||||||
Investor Class(2) | $ | 249,714 | — | $ | (249,714 | ) | — | |||||||||
Net Asset Value Per Share | ||||||||||||||||
Class A | — | — | — | |||||||||||||
Class B | — | — | — | |||||||||||||
Class C | — | — | — | |||||||||||||
Class P | — | — | $ | 11.92 | $ | 11.92 | ||||||||||
Class I | — | — | — | |||||||||||||
Investor Class(2) | $ | 11.92 | — | $ | (11.92 | ) | — | |||||||||
Shares Outstanding (000’s) | ||||||||||||||||
Class A | — | — | — | |||||||||||||
Class B | — | — | — | |||||||||||||
Class C | — | — | — | |||||||||||||
Class P | — | — | 20,946 | 20,946 | ||||||||||||
Class I | — | — | — | |||||||||||||
Investor Class(2) | 20,946 | — | (20,946 | ) | — |
(1) | Transamerica Diversified Equity is a newly-created series of Transamerica Funds that will commence operations on the Closing Date. | |
(2) | Investor Class shares of Transamerica Premier Diversified Equity Fund will receive Class P shares of the Destination Fund following the Reorganization. |
Transamerica | Transamerica | |||||||||||||||
Premier | Diversified | Pro Forma | ||||||||||||||
Institutional | Transamerica | EquityPro | Transamerica | |||||||||||||
Diversified | Diversified | Forma | Diversified | |||||||||||||
Equity Fund | Equity(1) | Adjustments | Equity | |||||||||||||
Net Assets (000’s) | ||||||||||||||||
Class A | — | — | — | |||||||||||||
Class B | — | — | — | |||||||||||||
Class C | — | — | — | |||||||||||||
Class I | — | — | $ | 1,969 | $ | 1,969 | ||||||||||
Institutional Class(2) | $ | 1,969 | — | $ | (1,969 | ) | — | |||||||||
Net Asset Value Per Share | ||||||||||||||||
Class A | — | — | — | |||||||||||||
Class B | — | — | — | |||||||||||||
Class C | — | — | — | |||||||||||||
Class I | — | — | $ | 9.11 | $ | 9.11 | ||||||||||
Institutional Class(2) | $ | 9.11 | — | $ | (9.11 | ) | — |
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Transamerica | Transamerica | |||||||||||||||
Premier | Diversified | Pro Forma | ||||||||||||||
Institutional | Transamerica | EquityPro | Transamerica | |||||||||||||
Diversified | Diversified | Forma | Diversified | |||||||||||||
Equity Fund | Equity(1) | Adjustments | Equity | |||||||||||||
Shares Outstanding (000’s) | ||||||||||||||||
Class A | — | — | — | |||||||||||||
Class B | — | — | — | |||||||||||||
Class C | — | — | — | |||||||||||||
Class I | — | — | 216 | 216 | ||||||||||||
Institutional Class(2) | 216 | — | (216 | ) | — |
(1) | Transamerica Diversified Equity is a newly-created series of Transamerica Funds that will commence operations on the Closing Date. | |
(2) | Institutional Class shares of Transamerica Premier Institutional Diversified Equity Fund will receive Class I shares of the Destination Fund following the Reorganization. |
Transamerica | ||||||||||||||||
Diversified | Pro Forma | |||||||||||||||
Transamerica | Transamerica | EquityPro | Transamerica | |||||||||||||
Science & | Diversified | Forma | Diversified | |||||||||||||
Technology | Equity(1) | Adjustments | Equity | |||||||||||||
Net Assets (000’s) | ||||||||||||||||
Class A | $ | 5,228 | — | $ | 5,228 | |||||||||||
Class B | $ | 1,608 | — | $ | 1,608 | |||||||||||
Class C | $ | 1,550 | — | $ | 1,550 | |||||||||||
Class I | $ | 54,758 | — | $ | 54,758 | |||||||||||
Net Asset Value Per Share | ||||||||||||||||
Class A | $ | 3.45 | — | $ | 3.45 | |||||||||||
Class B | $ | 3.25 | — | $ | 3.25 | |||||||||||
Class C | $ | 3.24 | — | $ | 3.24 | |||||||||||
Class I | $ | 3.53 | — | $ | 3.53 | |||||||||||
Shares Outstanding (000’s) | ||||||||||||||||
Class A | 1,514 | — | 1,514 | |||||||||||||
Class B | 495 | — | 495 | |||||||||||||
Class C | 478 | — | 478 | |||||||||||||
Class I | 15,494 | — | 15,494 |
(1) | Transamerica Diversified Equity is a newly-created series of Transamerica Funds that will commence operations on the Closing Date. |
Transamerica | ||||||||||||
Diversified | Pro Forma | |||||||||||
Transamerica | Transamerica | EquityPro | Transamerica | |||||||||
Templeton | Diversified | Forma | Diversified | |||||||||
Global | Equity(1) | Adjustments | Equity | |||||||||
Net Assets (000’s) | ||||||||||||
Class A | $ | 14,210 | — | $ | 14,210 | |||||||
Class B | $ | 8,606 | — | $ | 8,606 | |||||||
Class C | $ | 77,224 | — | $ | 77,224 | |||||||
Net Asset Value Per Share | ||||||||||||
Class A | $ | 20.88 | — | $ | 20.88 |
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Transamerica | ||||||||||||
Diversified | Pro Forma | |||||||||||
Transamerica | Transamerica | EquityPro | Transamerica | |||||||||
Templeton | Diversified | Forma | Diversified | |||||||||
Global | Equity(1) | Adjustments | Equity | |||||||||
Class B | $ | 21.03 | — | $ | 21.03 | |||||||
Class C | $ | 22.34 | — | $ | 22.34 | |||||||
Shares Outstanding (000’s) | ||||||||||||
Class A | 680 | — | 680 | |||||||||
Class B | 409 | — | 409 | |||||||||
Class C | 3,456 | — | 3,456 |
(1) | Transamerica Diversified Equity is a newly-created series of Transamerica Funds that will commence operations on the Closing Date |
Transamerica | Transamerica | |||||||||||||||||||||||||||
Transamerica | Premier | Diversified | Pro Forma | |||||||||||||||||||||||||
Premier | Institutional | Transamerica | Transamerica | Transamerica | EquityPro | Transamerica | ||||||||||||||||||||||
Diversified | Diversified | Science & | Templeton | Diversified | Forma | Diversified | ||||||||||||||||||||||
Equity Fund | Equity Fund | Technology | Global | Equity(1) | Adjustments | Equity | ||||||||||||||||||||||
Net Assets (000’s) | ||||||||||||||||||||||||||||
Class A | — | — | $ | 5,228 | $ | 14,210 | — | $ | 19,438 | |||||||||||||||||||
Class B | — | — | $ | 1,608 | $ | 8,606 | — | $ | 10,214 | |||||||||||||||||||
Class C | — | — | $ | 1,550 | $ | 77,224 | — | $ | 78,774 | |||||||||||||||||||
Class P / Investor Class(2) | $ | 249,714 | — | — | — | — | $ | 249,714 | ||||||||||||||||||||
Class I / Institutional Class(3) | — | $ | 1,969 | $ | 54,758 | — | — | $ | 56,727 | |||||||||||||||||||
Net Asset Value Per Share | ||||||||||||||||||||||||||||
Class A | — | — | $ | 3.45 | $ | 20.88 | — | $ | (12.41 | ) | $ | 11.92 | ||||||||||||||||
Class B | — | — | $ | 3.25 | $ | 21.03 | — | $ | (12.36 | ) | $ | 11.92 | ||||||||||||||||
Class C | — | — | $ | 3.24 | $ | 22.34 | — | $ | (13.66 | ) | $ | 11.92 | ||||||||||||||||
Class P / Investor Class(2) | $ | 11.92 | — | — | — | — | $ | 11.92 | ||||||||||||||||||||
Class I / Institutional Class(3) | — | $ | 9.11 | $ | 3.53 | — | — | $ | (0.72 | ) | $ | 11.92 | ||||||||||||||||
Shares Outstanding (000’s) | ||||||||||||||||||||||||||||
Class A | — | — | 1,514 | 680 | — | (564 | ) | 1,630 | ||||||||||||||||||||
Class B | — | — | 495 | 409 | — | (48 | ) | 857 | ||||||||||||||||||||
Class C | — | — | 478 | 3,456 | — | 2,674 | 6,608 | |||||||||||||||||||||
Class P / Investor Class(2) | 20,946 | — | — | — | — | 20,946 | ||||||||||||||||||||||
Class I / Institutional Class(3) | — | 216 | 15,494 | — | — | (10,952 | ) | 4,758 |
(1) | Transamerica Diversified Equity is a newly-created series of Transamerica Funds that will commence operations on the Closing Date. | |
(2) | Investor Class shares of Transamerica Premier Diversified Equity Fund will receive Class P shares of the Destination Fund following the Reorganization. | |
(3) | Institutional Class shares of Transamerica Premier Institutional Diversified Equity Fund will receive Class I shares of the Destination Fund following the Reorganization. |
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TRANSAMERICA PREMIER INSTITUTIONAL EQUITY FUND
(each, a “Target Fund” and together, the “Target Funds”)
(the “Destination Fund”)
Target Fund & Shares | Destination Fund & Shares | |
Transamerica Premier Equity Fund | Transamerica Equity | |
Investor Class | Class P | |
Transamerica Premier Institutional Equity Fund | Transamerica Equity | |
Institutional Class | Class I |
to Transamerica Equity
Transamerica Premier Equity | Transamerica Premier | |||||
Fund | Institutional Equity Fund | Transamerica Equity | ||||
Investment Objective | The Fund seeks to maximize long-term growth. | The objective of the Fund is to maximize long-term growth. | ||||
Principal Investment Strategies and Policies | The Fund’s sub-adviser, Transamerica Investment Management, LLC (“TIM”), uses a “bottom-up” approach to investing and builds the Fund’s portfolio one company at a time by investing Fund assets principally in equity securities. When a sub-adviser uses a “bottom-up” approach, it looks primarily at individual companies against the context of broader market factors. TIM generally invests at least 80% of the Fund’s net assets in a diversified portfolio of domestic common stocks. TIM believes in long-term investing and does not attempt to time the market. TIM employs a rigorous research approach and buys securities of companies it believes have the defining features of premier growth companies that are undervalued in the stock market. Premier companies, in the opinion of TIM, have many of all of | TIM uses a “bottom-up” approach to investing and builds the Fund’s portfolio one company at a time by investing Fund assets principally in equity securities. TIM generally invests at least 80% of the Fund’s net assets in a diversified portfolio of domestic common stocks. TIM believes in long-term investing and does not attempt to time the market. TIM employs a rigorous research approach and buys securities of companies it believes have the defining |
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Transamerica Premier Equity | Transamerica Premier | |||||||
Fund | Institutional Equity Fund | Transamerica Equity | ||||||
the following features: • shareholder-oriented management • dominance in market share • cost production advantages • leading brands • self-financed growth • attractive reinvestment opportunities While TIM invests principally in domestic common stocks, the Fund may, to a lesser extent, invest in other securities or use other investment strategies in pursuit of its investment objective. Consistent with the Fund’s objective and other policies, TIM may, but need not, invest in derivatives, including futures, forwards, options and swaps, and also in foreign securities. The Fund may invest its assets in cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | features of premier growth companies that are undervalued in the stock market. Premier companies, in the opinion of TIM, have many or all of the following features: • shareholder-oriented management • dominance in market share • cost production advantages • leading brands • self-financed growth • attractive reinvestment opportunities While TIM invests principally in domestic common stocks, the Fund may, to a lesser extent, invest in other securities or use other investment strategies in pursuit of its investment objective. The Fund may invest its assets in cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | |||||||
Investment Adviser | TAM | |||||||
Sub-Adviser | TIM | |||||||
Portfolio Managers | Gary U. Rollé, CFA Portfolio Manager (lead) Gary U. Rollé is Principal, Managing Director, Chief Executive Officer and Chief Investment Officer of TIM. He manages sub-advised funds and institutional separate accounts in the Large Growth Equity discipline. Mr. Rollé joined Transamerica in 1967. From 1980 to 1983 he served as the Chief Investment Officer for SunAmerica then returned to Transamerica as Chief Investment Officer. Throughout his 23 year tenure as CIO, Mr. Rollé has been responsible for creating and guiding the TIM investment philosophy. He holds a B.S. in Chemistry and Economics from the University of California at Riverside and has earned the right to use the Chartered Financial Analyst designation. Mr. Rollé has 41 years of investment experience. | |||||||
Edward S. Han Portfolio Manager (co) Edward S. Han is Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in the Mid Growth Equity discipline and is a member of the Large Growth team. Prior to joining TIM in 1998, he was a Vice President of Corporate Banking at Bank of America. Mr. Han holds an M.B.A. from the Darden Graduate School of Business Administration at the University of Virginia and received his B.A. in Economics from the University of California at Irvine. Mr. Han has 14 years of investment experience. |
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Transamerica Premier Equity | Transamerica Premier | |||||||
Fund | Institutional Equity Fund | Transamerica Equity | ||||||
John J. Huber, CFA Portfolio Manager (co) John J. Huber is Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in the Mid Growth Equity discipline. Mr. Huber’s analytical responsibilities include covering the Financial Services sector. He joined TIM in 2005 when the firm acquired Westcap Investors, LLC. Prior to Westcap, Mr. Huber was a Senior Associate at Wilshire Associates and an Information Technology Consultant at Arthur Andersen. He earned a B.A. from Columbia University and an M.B.A. from University of California, Los Angeles. Mr. Huber has earned the right to use the Chartered Financial Analyst designation and has 10 years of investment experience. | ||||||||
Peter O. Lopez Portfolio Manager (co) Peter O. Lopez is Principal and Director of Research at TIM. He co-manages sub-advised funds and institutional accounts in the Large Growth Equity and Convertible Securities disciplines. Prior to joining TIM in 2003, he was Managing Director at Centre Pacific, LLC. Mr. Lopez also previously served as Senior Fixed Income Analyst for Transamerica Investment Services from 1997-2000. He holds an M.B.A. in Finance and Accounting from the University of Michigan and received a B.A. in Economics from Arizona State University. Mr. Lopez has 17 years of investment experience. | ||||||||
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Transamerica Premier Equity | Transamerica Premier | |||||||
Fund | Institutional Equity Fund | Transamerica Equity | ||||||
Erik U. Rollé Portfolio Manager (co) Erik U. Rollé is a Securities Analyst and Co-Portfolio Manager at TIM. He co-manages sub-advised funds and institutional separate accounts in the Growth Equity discipline. Prior to joining TIM in 2005, Mr. Rollé worked as a Research Associate at Bradford & Marzec where his primary responsibilities were within trading and credit research. He received a B.S. in Finance and a B.S. in Journalism from the University of Colorado at Boulder. Mr. Rollé has 6 years of investment experience. | ||||||||
Each Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. | ||||||||
Business | A diversified open-end investment management company organized as a series of Transamerica Premier Funds, a Maryland corporation. | A diversified open-end investment management company organized as a series of Transamerica Funds, a Delaware statutory trust. | ||||||
Net Assets (as of June 30, 2009) | $443,532,579 | $75,225,316 | $909,803,105 |
Transamerica Premier | ||||||
Transamerica Premier Equity Fund | Institutional Equity Fund | Transamerica Equity | ||||
Sales Charges and Fees | Investor Class shares are offered without an initial sales charge. Investor Class shares are not subject to a contingent deferred sales charge. Investor Class shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.25% of the average daily net assets of the Fund. The fee accrues daily and is based on an annual percentage of the daily average net assets. | Institutional Class shares are offered without an initial sales charge. Institutional Class shares are not subject to a contingent deferred sales charge. Institutional Class shares are not subject to distribution and service (12b-1) fees. | Class P shares are offered without an initial sales charge. Class P shares are available only to former investors in Investor Class shares of Transamerica Premier Funds. Class P shares are not subject to a contingent deferred sales charge. Class P shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.25% of the average daily net assets of the Fund. The fee accrues daily and is based on an |
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Transamerica Premier | ||||||
Transamerica Premier Equity Fund | Institutional Equity Fund | Transamerica Equity | ||||
annual percentage of the daily average net assets. Class I shares are offered without an initial sales charge. Class I shares are not subject to a contingent deferred sales charge. Class I shares are not subject to distribution and service (12b-1) fees. |
Advisory Fees | TAM is entitled to receive an advisory fee based on an annual rate of the Fund’s average daily net assets: • 0.85% for the first $1 billion; • 0.82% of the next $1 billion; and | TAM is entitled to receive an advisory fee based on an annual rate of 0.73% of the Fund’s average daily net assets. The advisory fee is accrued daily and paid monthly. | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): • 0.73% for the first $500 million of assets; | |||
• 0.80% of assets in excess of $2 billion. For the fiscal year ended December 31, 2008, the Fund paid advisory fees of 0.67% of the Fund’s average daily net assets. | For the fiscal year ended December 31, 2008, the Fund paid advisory fees of 0.63% of the Fund’s average daily net assets. | • 0.70% for assets over $500 million and up to $2.5 billion; and • 0.65% for assets over $2.5 billion.* For the fiscal year ended October 31, 2008, the Fund paid advisory fees of 0.72% of the Fund’s average daily net assets. |
Fee Waivers and Expense Limitations | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2011, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.15%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.15% (other than interest, taxes, brokerage commissions and extraordinary expenses). | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 0.75%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 0.75% (other than interest, taxes, brokerage commissions and extraordinary expenses). | TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Fund to the extent that the total expenses of Class I exceed 1.17% (excluding 12b-1 fees (if any) and extraordinary expenses). TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.17%, excluding 12b-1 fees and extraordinary expenses. The Fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. There can be no assurance that TAM will extend its contractual obligations beyond March 1, 2011. TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the Fund’s net expenses to 1.15% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the |
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Fund through March 1, 2011. | ||||||
Gross and Net Expenses | For a comparison of the gross and net expenses of the Funds, please see the class fee tables in the “The Funds’ Fees and Expenses” section. |
* | The fee structure shown is the revised fee structure that will be implemented at the time of the Reorganization. The current fee structure is 0.75% for the first $500 million of assets; otherwise, there is no difference between the current and revised fee structures. |
• | Market. The value of securities owned by the fund may go up or down, sometimes rapidly or unpredictably. If the market prices of the securities owned by the fund fall, the value of your investment in the fund will decline. The value of a security may fall due to factors affecting securities markets generally or a particular sector of the securities markets or factors affecting particular industries or issuers. The equity and debt capital markets in the United States and internationally have experienced unprecedented volatility. This financial crisis has caused a significant decline in the value and liquidity of many securities. This environment could make identifying investment risks and opportunities especially difficult. These market conditions may continue or get worse. Changes in market conditions will not have the same impact on all types of securities. | ||
• | Stocks. Stocks may be volatile — their prices may go up and down dramatically over the shorter term. These price movements may result from factors affecting individual companies, industries, the securities market as a whole or the overall economy. Because the stocks the fund holds fluctuate in price, the value of your investment in the fund will go up and down. | ||
• | Fixed-Income Securities. The value of fixed-income securities may change daily based on changes in interest rates, and other market conditions and factors. Risks include, without limitation: |
- | market risk: fluctuations in market value | ||
- | interest rate risk: the value of a fixed-income security generally decreases as interest rates rise. This may also be the case for dividend paying stocks. Increases in interest rates may cause the value of your investment to go down. The longer the maturity or duration, the more sensitive the value of a fixed-income security is to fluctuations in interest rates | ||
- | prepayment or call risk: declining interest rates may cause issuers of securities held by the fund to pay principal earlier than scheduled or to exercise a right to call the securities, forcing the fund to reinvest in lower yielding securities | ||
- | extension risk: rising interest rates may result in slower than expected principal prepayments, which effectively lengthens the maturity of affected securities, making them more sensitive to interest rate changes | ||
- | default or credit risk: issuers (or guarantors) defaulting on their obligations to pay interest or return principal, being perceived as being less creditworthy or having a credit rating downgraded, or the credit quality or value of any underlying asset declines. The fund may incur expenses to protect the fund’s interest in securities experiencing these events. If the fund invests in securities that are subordinated to other securities, or which represent interests in pools of such subordinated securities, those investments may be disproportionately affected by a default or even a perceived decline in creditworthiness of the issuer. |
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If, after purchase, the credit rating on a security is downgraded or the credit quality deteriorates, or if the maturity is extended, the fund’s sub-adviser will decide whether the security should be held or sold. Upon the occurrence of certain triggering events or defaults on a security held by the fund, or if an issuer of such a security has difficulty meeting its obligations, the fund may become the holder of a restructured security or of underlying assets. In that case, the fund may become the holder of securities or other assets that it could not otherwise purchase at a time when those assets may be difficult to sell or can be sold only at a loss. | |||
• | Derivatives. The use of derivative instruments may involve risks and costs different from, and possibly greater than, the risks and costs associated with investing directly in securities or other traditional investments. The fund’s use of certain derivatives may in some cases involve forms of financial leverage, which involves risk and may increase the volatility of the fund’s net asset value. Even a small investment in derivatives can have a disproportionate impact on the fund. Using derivatives can increase losses and reduce opportunities for gains when market prices, interest rates or currencies, or the derivative instruments themselves, behave in a way not anticipated by the fund. The other parties to certain derivative contracts present the same types of default or credit risk as issuers of fixed income securities. Certain derivatives may be illiquid, which may reduce the return of the fund if it cannot sell or terminate the derivative instrument at an advantageous time or price. Some derivatives may be difficult to value, or may be subject to the risk that changes in the value of the instrument may not correlate well with the underlying asset, rate or index. In addition, derivatives may be subject to market risk, interest rate risk and credit risk. The fund could lose the entire amount of its investment in a derivative and, in some cases, could lose more than the principal amount invested. Also, suitable derivative instruments may not be available in all circumstances or at reasonable prices. The fund’s sub-adviser may not make use of derivatives for a variety of reasons. | ||
• | Growth Stocks. Growth stocks can be volatile for several reasons. Since growth companies usually reinvest a high proportion of their earnings in their own businesses, they may lack the dividends often associated with the value stocks that could cushion their decline in a falling market. Also, since investors buy growth stocks because of their expected superior earnings growth, earnings disappointments often result in sharp price declines. Certain types of growth stocks, particularly technology stocks, can be extremely volatile and subject to greater price swings than the broader market. | ||
• | Small- or Medium-Sized Companies. Investing in small- and medium-sized companies involves greater risk than is customarily associated with more established companies. Stocks of such companies, particularly developing companies, generally are subject to more volatility in price than larger company securities. Among the reasons for their greater price volatility are the less certain growth prospects of smaller companies, the lower degree of liquidity in the markets for such securities and the greater sensitivity of smaller companies to changing economic conditions. Smaller companies often have limited product lines, markets, or financial resources, and their management may lack depth and experience. Such companies usually do not pay significant dividends that could cushion returns in a falling market. | ||
• | Foreign Securities. Investments in foreign securities including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”), and European Depositary Receipts (“EDRs”) involve risks relating to political, social and economic developments abroad, as well as risks resulting from the differences between the regulations to which U.S. and foreign issuer markets are subject. These risks include, without limitation: |
- | changes in currency values | ||
- | currency speculation |
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- | currency trading costs | ||
- | different accounting and reporting practices | ||
- | less information available to the public | ||
- | less (or different) regulation of securities markets | ||
- | more complex business negotiations | ||
- | less liquidity | ||
- | more fluctuations in prices | ||
- | delays in settling foreign securities transactions | ||
- | higher costs for holding shares (custodial fees) | ||
- | higher transaction costs | ||
- | vulnerability to seizure and taxes | ||
- | political instability and small markets | ||
- | different market trading days |
• | Currency. When the fund invests in securities denominated in foreign currencies, it is subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for reasons such as changes in interest rates, government intervention or political developments. As a result, the fund’s investments in foreign currency denominated securities may reduce the returns of the fund. | ||
• | Focused Investing. To the extent the fund invests in a limited number of issuers, its performance may be more volatile than funds that hold a greater variety of securities. |
(per year ended 12/31)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025701.gif)
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Highest: | 29.80 | % | Quarter ended: | 12/31/1999 | ||||||
Lowest: | (23.94 | )% | Quarter ended: | 12/31/2008 |
(for periods ended 12/31/2008)(1)
Transamerica Premier Equity Fund | 1 Year | 5 Years | Life of Fund | |||||||||
Investor Class — Return before Taxes | (44.74 | )% | (1.78 | )% | (1.56 | )% | ||||||
Investor Class — Return after taxes on distributions(2) | (44.88 | )% | (2.09 | )% | (2.27 | )% | ||||||
Investor Class — Return after taxes on distributions and sale of fund shares(2) | (28.89 | )% | (1.38 | )% | (1.24 | )% | ||||||
Russell 1000® Growth Index(3) | (38.44 | )% | (3.42 | )% | (4.27 | )% | ||||||
S&P 500 Index(4) | (37.00 | )% | (2.19 | )% | (1.38 | )% |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. | |
(2) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(3) | The Russell 1000® Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. | |
(4) | The S&P 500 Index consists of 500 widely held, publicly traded common stocks. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
(per year ended 12/31)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025705.gif)
Highest: | 10.69 | % | Quarter ended: | 9/30/2005 | ||||||
Lowest: | (23.58 | )% | Quarter ended: | 12/31/2008 |
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(for periods ended 12/31/2008)(1)
Life of | ||||||||
Transamerica Premier Institutional Equity Fund | 1 Year | Fund(2) | ||||||
Institutional Class — Return before Taxes | (43.92 | )% | (2.02 | )% | ||||
Institutional Class — Return after taxes on distributions(3) | (44.02 | )% | (3.19 | )% | ||||
Institutional Class — Return after taxes on distributions and sale of fund shares(3) | (28.41 | )% | (2.04 | )% | ||||
Russell 1000® Growth Index(4) | (38.44 | )% | (4.03 | )% | ||||
S&P 500 Index(4) | (37.00 | )% | (2.69 | )% |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. | |
(2) | Transamerica Premier Institutional Equity Fund commenced operations on June 1, 2004. | |
(3) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(4) | The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
(per year ended 12/31)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025710.gif)
Highest: | 12.85 | % | Quarter ended: | 12/31/2001 | ||||||
Lowest: | (24.04 | )% | Quarter ended: | 12/31/2008 |
(for periods ended 12/31/2008)(1)
Life of | ||||||||||||
Transamerica Equity | 1 Year | 5 Years | Fund(2) | |||||||||
Class A — Return before Taxes | (48.45 | )% | (3.18 | )% | (5.40 | )% | ||||||
Class A — Return after taxes on distributions(3) | (48.45 | )% | (3.25 | )% | (5.44 | )% | ||||||
Class A — Return after taxes on distributions and sale of fund shares(3) | (31.49 | )% | (2.66 | )% | (4.42 | )% | ||||||
Russell 1000® Growth Index(4) | (38.44 | )% | (3.42 | )% | (7.85 | )% |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. | |
(2) | Class A commenced operations on March 1, 2000. | |
(3) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. |
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(4) | The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
(per year ended 12/31)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025715.gif)
Highest: | 7.15 | % | Quarter ended: | 9/30/2007 | ||||||
Lowest: | (23.92 | )% | Quarter ended: | 12/31/2008 |
(for periods ended 12/31/2008)(1)
Life of | ||||||||
Transamerica Equity | 1 Year | Fund(2) | ||||||
Class I — Return before Taxes | (45.09 | )% | (10.40 | )% | ||||
Class I — Return after taxes on distributions(3) | (45.22 | )% | (10.50 | )% | ||||
Class I — Return after taxes on distributions and sale of fund shares(3) | (29.31 | )% | (8.70 | )% | ||||
Russell 1000® Growth Index(4) | (38.44 | )% | (8.38 | )% |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. | |
(2) | Class I commenced operations on November 15, 2005. | |
(3) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(4) | The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
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Transamerica | ||||||||||||
Premier | Transamerica | |||||||||||
Equity Fund | Transamerica | Equity | ||||||||||
Equity | (Pro Forma) | |||||||||||
Investor Class | Class P(a) | Class P | ||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | |||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | N/A | N/A | |||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(b) | ||||||||||||
Management Fees | 0.82 | % | N/A | 0.71 | % | |||||||
Rule 12b-1 Fees | 0.25 | % | N/A | 0.25 | % | |||||||
Other Expenses | 0.26 | % | N/A | 0.25 | % | |||||||
Total | 1.33 | % | N/A | 1.21 | % | |||||||
Expense Reduction | 0.18 | %(c) | N/A | 0.06 | %(d) | |||||||
Net Operating Expenses | 1.15 | % | N/A | 1.15 | % |
(a) | Because Class P of Transamerica Equity is a new share class, no fee and expense information is available for the twelve-month period ended April 30, 2009. | |
(b) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(c) | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.15%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.15% (other than interest, taxes, brokerage commissions and extraordinary expenses). | |
(d) | TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the Fund’s net expenses to 1.15% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the Fund through March 1, 2011. |
Transamerica | ||||||||||||
Premier | ||||||||||||
Institutional | Transamerica | |||||||||||
Equity Fund | Transamerica | Equity | ||||||||||
Institutional | Equity | (Pro Forma) | ||||||||||
Class | Class I | Class I | ||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | |||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | N/A | N/A | |||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(a) | ||||||||||||
Management Fees | 0.73 | % | 0.72 | % | 0.71 | % | ||||||
Rule 12b-1 Fees | 0.00 | % | 0.00 | % | 0.00 | % | ||||||
Other Expenses | 0.14 | % | 0.06 | % | 0.06 | % | ||||||
Total | 0.87 | % | 0.78 | % | 0.77 | % | ||||||
Expense Reduction | 0.12 | %(b) | 0.00 | 0.00 | %(c) | |||||||
Net Operating Expenses | 0.75 | % | 0.78 | % | 0.77 | % |
(a) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(b) | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 0.75%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 0.75% (other than interest, taxes, brokerage commissions and extraordinary expenses). | |
(c) | TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Fund to the extent that the total expenses of Class I exceed 1.17% (excluding 12b-1 fees (if any) and extraordinary expenses). TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.17%, excluding 12b-1 fees and extraordinary expenses. The Fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. There can be no assurance that TAM will extend its contractual obligations beyond March 1, 2011. |
Transamerica | ||||||||||||||||||||||||
Premier | Combined | |||||||||||||||||||||||
Transamerica | Transamerica | Institutional | Transamerica | |||||||||||||||||||||
Premier | Transamerica | Equity | Equity Fund | Transamerica | Equity | |||||||||||||||||||
Equity Fund | Equity | (Pro Forma) | Institutional | Equity | (Pro Forma) | |||||||||||||||||||
Investor Class | Class P(a) | Class P | Class | Class I | Class I | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(b) | ||||||||||||||||||||||||
Management Fees | 0.82 | % | N/A | 0.71 | % | 0.73 | % | 0.72 | % | 0.71 | % | |||||||||||||
Rule 12b-1 Fees | 0.25 | % | N/A | 0.25 | % | 0.00 | % | 0.00 | % | 0.00 | % | |||||||||||||
Other Expenses | 0.26 | % | N/A | 0.25 | % | 0.14 | % | 0.06 | % | 0.06 | % | |||||||||||||
Total | 1.33 | % | N/A | 1.21 | % | 0.87 | % | 0.78 | % | 0.77 | % | |||||||||||||
Expense Reduction | 0.18 | %(c) | N/A | 0.06 | %(d) | 0.12 | %(e) | 0.00 | % | 0.00 | %(f) | |||||||||||||
Net Operating Expenses | 1.15 | % | N/A | 1.15 | % | 0.75 | % | 0.78 | % | 0.77 | % |
(a) | Because Class P of Transamerica Equity is a new share class, no fee and expense information is available for the twelve-month period ended April 30, 2009. | |
(b) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(c) | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.15%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.15% (other than interest, taxes, brokerage commissions and extraordinary expenses). | |
(d) | TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the Fund’s net expenses to 1.15% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the Fund through March 1, 2011. | |
(e) | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 0.75%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 0.75% (other than interest, taxes, brokerage commissions and extraordinary expenses). | |
(f) | TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Fund to the extent that the total expenses of Class I exceed 1.17% (excluding 12b-1 fees (if any) and extraordinary expenses). TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.17%, excluding 12b-1 fees and extraordinary expenses. The Fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. There can be no assurance that TAM will extend its contractual obligations beyond March 1, 2011. |
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• | you invest $10,000 in each Fund; | ||
• | you reinvest all dividends and distributions without a sales charge; | ||
• | you hold your shares for the time periods shown and then redeem all of your shares at the end of those periods; | ||
• | your investment has a 5% annual return (this assumption is required by the SEC and is not a prediction of the Fund’s future performance); and | ||
• | each Fund’s operating expenses remain the same. |
Combined | ||||||||||||
Transamerica | Transamerica | |||||||||||
Number of years | Premier Equity | Transamerica | Equity | |||||||||
you own your shares | Fund | Equity | (Pro Forma) | |||||||||
Investor Class / Class P | ||||||||||||
Year 1 | $ | 117 | N/A | $ | 117 | |||||||
Year 3 | $ | 404 | N/A | $ | 378 | |||||||
Year 5 | $ | 712 | N/A | $ | 659 | |||||||
Year 10 | $ | 1,586 | N/A | $ | 1,461 |
Transamerica | Combined | |||||||||||
Number of years | Premier Institutional | Transamerica | Transamerica Equity | |||||||||
you own your shares | Equity | Equity | (Pro Forma) | |||||||||
Institutional Class / Class I | ||||||||||||
Year 1 | $ | 77 | $ | 80 | $ | 79 | ||||||
Year 3 | $ | 266 | $ | 249 | $ | 246 | ||||||
Year 5 | $ | 470 | $ | 433 | $ | 428 | ||||||
Year 10 | $ | 1,061 | $ | 966 | $ | 954 |
Combined | ||||||||||||||||
Transamerica | Transamerica | Transamerica | ||||||||||||||
Number of years | Premier Equity | Premier Institutional | Transamerica | Equity | ||||||||||||
you own your shares | Fund | Equity | Equity | (Pro Forma) | ||||||||||||
Investor Class / Class P | ||||||||||||||||
Year 1 | $ | 117 | N/A | N/A | $ | 117 | ||||||||||
Year 3 | $ | 404 | N/A | N/A | $ | 378 | ||||||||||
Year 5 | $ | 712 | N/A | N/A | $ | 659 | ||||||||||
Year 10 | $ | 1,586 | N/A | N/A | $ | 1,461 |
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Combined | ||||||||||||||||
Transamerica | Transamerica | Transamerica | ||||||||||||||
Number of years | Premier Equity | Premier Institutional | Transamerica | Equity | ||||||||||||
you own your shares | Fund | Equity | Equity | (Pro Forma) | ||||||||||||
Institutional Class / Class I | ||||||||||||||||
Year 1 | N/A | $ | 77 | $ | 80 | $ | 79 | |||||||||
Year 3 | N/A | $ | 266 | $ | 249 | $ | 246 | |||||||||
Year 5 | N/A | $ | 470 | $ | 433 | $ | 428 | |||||||||
Year 10 | N/A | $ | 1,061 | $ | 966 | $ | 954 |
• | The Board Members considered that the Reorganization presents an opportunity for the shareholders of the Target Fund to become investors in a combined fund that has a larger asset size without the obligation to pay commissions or other transaction costs that a fund normally incurs when purchasing securities. The Board Members considered TAM’s belief that this opportunity may give the combined Destination Fund the ability to diversify further its holdings and effect larger portfolio trading transactions, for the benefit of shareholders. |
• | The Board Members considered that the Reorganization could eliminate any confusion in the marketplace caused by having multiple funds with similar investment mandates and enhance the potential for the combined Destination Fund to achieve growth in assets. The Board Members noted that TAM believes that the combined Destination Fund may be better positioned to attract assets than the Target Fund, and that the larger size of the combined Destination Fund may offer the potential for greater economies of scale by enabling the combined Destination Fund to obtain better net prices on securities trades and by reducing per share expenses as fixed expenses are shared over a larger asset base. |
• | The Board Members considered that the Reorganization could eliminate certain redundancies and inefficiencies in the Transamerica fund complex product line offerings, which could strengthen TAM’s ability to pursue investment and marketing opportunities on behalf of the Transamerica funds. The Board Members also considered that the Reorganization is one of a number of reorganizations and other initiatives recently approved by the Board Members of the Transamerica funds. The Board Members noted that the initiatives are designed to streamline the Transamerica fund complex, to promote operating efficiencies, and to result in a more cohesive fund platform. | ||
Fees and Expenses |
• | For Transamerica Premier Equity Fund, the Board Members considered that the pro forma gross expense ratio of the combined Destination Fund is expected to be lower for Class P of the combined Destination Fund as compared to the corresponding class of shares of that Target Fund. Furthermore, the Board Members of Transamerica Premier Equity Fund considered that TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Destination Fund to the extent that the total expenses of Class P of the Destination Fund exceed certain operating levels. |
• | For Transamerica Premier Institutional Equity Fund, the Board Members considered that the pro forma gross expense ratio of the combined Destination Fund is expected to be lower for Class I as compared to the corresponding class of shares of that Target Fund. Furthermore, the Board Members of Transamerica Premier Institutional Equity Fund considered that TAM has contractually undertaken through March 1, 2010 to waive fees and/or reimburse expenses on |
73
behalf of the Destination Fund to the extent that the total expenses of Class I of the Destination Fund exceed certain operating levels. |
• | The Board Members considered that TAM agreed to lower its advisory fee for the Destination Fund. |
• | The Board Members considered that, given the anticipated costs and benefits of the Reorganization, the expenses associated with the preparation, printing and mailing of any shareholder communications, including this Information Statement/Prospectus, and any regulatory filings in connection with the Reorganization, would be shared by TAM, and, subject to certain limits, the Target Funds and the Destination Fund. |
• | The Board Members noted that the performance of the Funds was generally comparable for the 1- and 3-year periods ended February 28, 2009. For Transamerica Premier Equity Fund, the Board Members noted that the Destination Fund’s performance was higher than the performance of that Target Fund for the 3-year period ended February 28, 2009. However, the Board Members also noted that the performance of Transamerica Premier Equity Fund was higher than the Destination Fund’s performance for the 1- and 5-year periods ended February 28, 2009. For Transamerica Premier Institutional Equity Fund, the Board Members noted that the performance of that Target Fund was higher than the Destination Fund’s performance for the 1- and 3-year periods ended February 28, 2009. | ||
Tax |
• | The Board Members considered the expected tax-free nature of the Reorganization for U.S. federal income tax purposes. |
• | The Board Members considered the investment objective and policies of the Destination Fund and their compatibility with those of each Target Fund. |
• | The Board Members considered that considered TAM is the adviser and TIM is the sub-adviser to each Target Fund and the Destination Fund. |
• | The Board Members considered the terms and conditions of the Agreement and Plan of Reorganization. |
• | The Board Members considered that the portfolio managers of the combined Destination Fund may conclude that a significant number of holdings of the Target Funds may not be consistent with the combined Destination Fund’s long-term investment strategy, and may dispose of such positions, but that TAM represented that portfolio transition should not have a material adverse effect on the Funds and their shareholders. |
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Transamerica | Transamerica Equity | Pro Forma | ||||||||||||||
Premier Equity | Transamerica | Pro Forma | Transamerica | |||||||||||||
Fund | Equity | Adjustments | Equity | |||||||||||||
Net Assets (000’s) | ||||||||||||||||
Class A | — | $ | 296,989 | $ | 296,989 | |||||||||||
Class B | — | $ | 42,854 | $ | 42,854 | |||||||||||
Class C | — | $ | 39,597 | $ | 39,597 | |||||||||||
Class P | — | — | $ | 452,542 | $ | 452,542 | ||||||||||
Class I | — | $ | 509,125 | $ | 509,125 | |||||||||||
Class T | — | $ | 87,675 | $ | 87,675 | |||||||||||
Investor Class(1) | $ | 452,542 | — | $ | (452,542 | ) | — | |||||||||
Net Asset Value Per Share | ||||||||||||||||
Class A | — | $ | 7.37 | $ | 7.37 | |||||||||||
Class B | — | $ | 6.86 | $ | 6.86 | |||||||||||
Class C | — | $ | 6.89 | $ | 6.89 | |||||||||||
Class P | — | — | $ | 16.23 | $ | 16.23 | ||||||||||
Class I | — | $ | 7.51 | $ | 7.51 | |||||||||||
Class T | — | $ | 20.66 | $ | 20.66 | |||||||||||
Investor Class(1) | $ | 16.23 | — | $ | (16.23 | ) | — | |||||||||
Shares Outstanding (000’s) | ||||||||||||||||
Class A | — | 40,296 | 40,296 | |||||||||||||
Class B | — | 6,244 | 6,244 | |||||||||||||
Class C | — | 5,744 | 5,744 | |||||||||||||
Class P | — | — | 27,880 | 27,880 | ||||||||||||
Class I | — | 67,807 | 67,807 | |||||||||||||
Class T | — | 4,244 | 4,244 | |||||||||||||
Investor Class(1) | 27,880 | — | (27,880 | ) | — |
(1) | Investor Class shares of Transamerica Premier Equity Fund will receive Class P shares of the Destination Fund following the Reorganization. |
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Transamerica | ||||||||||||||||
Premier | Transamerica Equity | Pro Forma | ||||||||||||||
Institutional | Transamerica | Pro Forma | Transamerica | |||||||||||||
Equity Fund | Equity | Adjustments | Equity | |||||||||||||
Net Assets (000’s) | ||||||||||||||||
Class A | — | $ | 296,989 | $ | 296,989 | |||||||||||
Class B | — | $ | 42,854 | $ | 42,854 | |||||||||||
Class C | — | $ | 39,597 | $ | 39,597 | |||||||||||
Class I | — | $ | 509,125 | $ | 83,256 | $ | 592,381 | |||||||||
Class T | — | $ | 87,675 | $ | 87,675 | |||||||||||
Institutional Class(1) | $ | 83,256 | — | $ | (83,256 | ) | — | |||||||||
Net Asset Value Per Share | ||||||||||||||||
Class A | — | $ | 7.37 | $ | 7.37 | |||||||||||
Class B | — | $ | 6.86 | $ | 6.86 | |||||||||||
Class C | — | $ | 6.89 | $ | 6.89 | |||||||||||
Class I | — | $ | 7.51 | $ | 7.51 | |||||||||||
Class T | — | $ | 20.66 | $ | 20.66 | |||||||||||
Institutional Class(1) | $ | 8.71 | — | $ | (8.71 | ) | — | |||||||||
Shares Outstanding (000’s) | ||||||||||||||||
Class A | — | 40,296 | 40,296 | |||||||||||||
Class B | — | 6,244 | 6,244 | |||||||||||||
Class C | — | 5,744 | 5,744 | |||||||||||||
Class I | — | 67,807 | 11,088 | 78,895 | ||||||||||||
Class T | — | 4,244 | 4,244 | |||||||||||||
Institutional Class(1) | 9,555 | — | (9,555 | ) | — |
(1) | Investor Class shares of Transamerica Premier Equity Fund will receive Class P shares of the Destination Fund following the Reorganization. |
Transamerica | ||||||||||||||||||||
Transamerica | Premier | Transamerica | Pro Forma | |||||||||||||||||
Premier Equity | Institutional | Transamerica | Equity Pro Forma | Transamerica | ||||||||||||||||
Fund | Equity Fund | Equity | Adjustments | Equity | ||||||||||||||||
Net Assets (000’s) | ||||||||||||||||||||
Class A | — | — | $ | 296,989 | $ | 296,989 | ||||||||||||||
Class B | — | — | $ | 42,854 | $ | 42,854 | ||||||||||||||
Class C | — | — | $ | 39,597 | $ | 39,597 | ||||||||||||||
Class P / Investor Class(1) | $ | 452,542 | — | — | $ | 452,542 | ||||||||||||||
Class T | — | — | $ | 87,675 | $ | 87,675 | ||||||||||||||
Class I / Institutional Class(2) | — | $ | 83,256 | $ | 509,125 | $ | 592,381 |
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Transamerica | ||||||||||||||||||||
Transamerica | Premier | Transamerica | Pro Forma | |||||||||||||||||
Premier Equity | Institutional | Transamerica | Equity Pro Forma | Transamerica | ||||||||||||||||
Fund | Equity Fund | Equity | Adjustments | Equity | ||||||||||||||||
Net Asset Value Per Share | ||||||||||||||||||||
Class A | — | — | $ | 7.37 | $ | 7.37 | ||||||||||||||
Class B | — | — | $ | 6.86 | $ | 6.86 | ||||||||||||||
Class C | — | — | $ | 6.89 | $ | 6.89 | ||||||||||||||
Class P / Investor Class(1) | $ | 16.23 | — | — | $ | 16.23 | ||||||||||||||
Class T | — | — | $ | 20.66 | $ | 20.66 | ||||||||||||||
Class I / Institutional Class(2) | — | $ | 8.71 | $ | 7.51 | $ | (8.71 | ) | $ | 7.51 | ||||||||||
Shares Outstanding (000’s) | ||||||||||||||||||||
Class A | — | — | 40,296 | 40,296 | ||||||||||||||||
Class B | — | — | 6,244 | 6,244 | ||||||||||||||||
Class C | — | — | 5,744 | 5,744 | ||||||||||||||||
Class P / Investor Class(1) | 27,880 | — | — | 27,880 | ||||||||||||||||
Class T | — | — | 4,244 | 4,244 | ||||||||||||||||
Class I / Institutional Class(2) | — | 9,555 | 67,807 | 1,533 | 78,895 |
(1) | Investor Class shares of Transamerica Premier Equity Fund will receive Class P shares of the Destination Fund following the Reorganization. | |
(2) | Institutional Class shares of Transamerica Premier Institutional Equity Fund will receive Class I shares of the Destination Fund following the Reorganization. |
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(the “Target Fund”)
(the “Destination Fund”)
Transamerica Premier Focus Fund | Transamerica Focus | |||
Investment Objective | The Fund seeks to maximize long-term growth. | The Fund seeks to maximize long-term growth. | ||
Principal Investment Strategies and Policies | The Fund invests primarily in domestic equity securities that, in TIM’s opinion, are trading at a material discount to intrinsic value. TIM assesses intrinsic value primarily through discounted cash flow analysis, though acquisition and comparable company valuation analyses may be used to a lesser extent. The Fund generally invests in domestic equity securities of any size. The Fund may also invest up to 10% of its assets in short sale positions. The Fund is non-diversified. | |||
TIM uses a “bottom-up” approach to investing. It studies industry and economic trends, but focuses on researching individual companies. The portfolio is constructed one company at a time. Each company passes through a research process and stands on its own merits as a viable investment in TIM’s opinion. | ||||
TIM’s equity management team selects U.S. companies showing: | ||||
• strong potential for shareholder value creation | ||||
• high barriers to competition | ||||
• solid free cash flow generating ability | ||||
• excellent capital allocation discipline | ||||
• experienced management aligned with shareholder interests |
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Transamerica Premier Focus Fund | Transamerica Focus | |||
TIM seeks out dominant business franchises where the long-term, value-creating potential has not fully been recognized by the market. | ||||
Consistent with the Fund’s objective and other policies, TIM may, but need not, invest in derivatives, including futures, forwards, options and swaps, and also in foreign securities. In the event TIM is unable to identify sufficient investments that meet the Fund’s criteria, the Fund may maintain a balance in cash and cash equivalents that may range up to 40% of total assets. Since the Fund may hold as much as 40% in cash or cash equivalents from time to time, it may not perform as favorably as a fund which is invested more fully. | ||||
The Fund may invest its assets in cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | ||||
Investment Adviser | TAM | |||
Sub-Adviser | TIM | |||
Portfolio Managers | Edward S. Han Lead Portfolio Manager (co) Edward S. Han is Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in the Mid Growth Equity discipline and is a member of the Large Growth team. Prior to joining TIM in 1998, he was a Vice President of Corporate Banking at Bank of America. Mr. Han holds an M.B.A. from the Darden Graduate School of Business Administration at the University of Virginia and received his B.A. in Economics from the University of California at Irvine. Mr. Han has 14 years of investment experience. | |||
Kirk J. Kim Lead Portfolio Manager (co) Kirk J. Kim is Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in TIM’s Convertible Securities discipline and is a member of TIM’s Concentrated All Cap Growth Equity investment team. Prior to joining TIM in 1997, Mr. Kim worked as a securities analyst for The Franklin Templeton Group. He holds a B.S. in Finance from the University of Southern California. Mr. Kim has 13 years of investment experience. | ||||
Joshua D. Shaskan, CFA Lead Portfolio Manager (co) Joshua D. Shaskan is Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in the Small and Small/Mid (SMID) Growth Equity disciplines. He joined TIM in 2005 when the firm acquired Westcap Investors, LLC. Prior to Westcap, Mr. Shaskan served as an Investment Specialist for three years at Wells Fargo Securities and was also previously a Financial Advisor at Prudential Securities. He earned a B.A. from University of California, Davis and an M.B.A. from University California, Los Angeles. Mr. Shaskan has earned the right to use the Chartered Financial Analyst designation and has 16 years of investment experience. Each Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. | ||||
Business | A non-diversified open-end investment | A non-diversified open-end investment | ||
management company organized as a series of | management company organized as a series of | |||
Transamerica Premier Funds, a Maryland corporation. | Transamerica Funds, a Delaware statutory trust. | |||
Net Assets (as of | $58,920,101 | $64,648,783 | ||
June 30, 2009) |
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Transamerica Premier Focus Fund | Transamerica Focus | |||
Sales Charges and Fees | Investor Class shares are offered without an initial sales charge. Investor Class shares are not subject to a contingent deferred sales charge. Investor Class shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.25% of the average daily net assets of the Fund. The fee accrues daily and is based on an annual percentage of the daily average net assets. | Class P shares are offered without an initial sales charge. Class P shares are available only to former investors in Investor Class shares of Transamerica Premier Funds. Class P shares are not subject to a contingent deferred sales charge. Class P shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.25% of the average daily net assets of the Fund. The fee accrues daily and is based on an annual percentage of the daily average net assets. | ||
Advisory Fees | TAM is entitled to receive an advisory fee based on an annual rate of the Fund’s average daily net assets: • 0.85% for the first $1 billion of assets; • 0.82% of the next $1 billion of assets; and • 0.80% of assets in excess of $2 billion. For the fiscal year ended December 31, 2008, the Fund paid advisory fees of 0.80% of the Fund’s average daily net assets. | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): • 0.80% on the first $500 million of assets; and • 0.675% on assets over $500 million. | ||
Fee Waiver and Expense Limitations | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.40%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.40% (other than interest, taxes, brokerage commissions and extraordinary expenses). | TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the Fund’s net expenses to 1.40% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the Fund through March 1, 2011. | ||
Gross and Net Expenses | For a comparison of the gross and net expenses of the Funds, please see the class fee tables in the “The Funds’ Fees and Expenses” section. |
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• | Market. The value of securities owned by the Fund may go up or down, sometimes rapidly or unpredictably. If the market prices of the securities owned by the Fund fall, the value of your investment in the Fund will decline. The value of a security may fall due to factors affecting securities markets generally or a particular sector of the securities markets or factors affecting particular industries or issuers. The equity and debt capital markets in the United States and internationally have experienced unprecedented volatility. This financial crisis has caused a significant decline in the value and liquidity of many securities. This environment could make identifying investment risks and opportunities especially difficult. These market conditions may continue or get worse. Changes in market conditions will not have the same impact on all types of securities. | ||
• | Stocks. Stocks may be volatile — their prices may go up and down dramatically over the shorter term. These price movements may result from factors affecting individual companies, industries, the securities market as a whole or the overall economy. Because the stocks the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down. | ||
• | Value Investing. The value approach to investing carries the risk that the market will not recognize a security’s intrinsic value for a long time or that a stock judged to be undervalued may actually be appropriately priced. The Fund may underperform other equity funds that use different investing styles. The Fund may also underperform other equity funds using the value style. | ||
• | Small- or Medium-Sized Companies. Investing in small and medium-sized companies involves greater risk than is customarily associated with more established companies. Stocks of such companies, particularly developing companies, generally are subject to more volatility in price than larger company securities. Among the reasons for the greater price volatility are the less certain growth prospects of smaller companies, the lower degree of liquidity in the markets for such securities, and the greater sensitivity of smaller companies to changing economic conditions. Smaller companies often have limited product lines, markets, or financial resources, and their management may lack depth and experience. Such companies usually do not pay significant dividends that could cushion returns in a falling market. | ||
• | Short Sales. A short sale may be effected by selling a security that the Fund does not own. In order to deliver the security to the purchaser, the Fund borrows the security, typically from a broker-dealer or an institutional investor. The Fund later closes out the position by returning the security to the lender. If the price of the security sold short increases, the Fund would incur a loss; conversely, if the price declines, the Fund will realize a gain. Although the gain is limited by the price at which the security was sold short, the loss is potentially unlimited. The Fund’s use of short sales in an attempt to improve performance or to reduce overall portfolio risk may not be successful and may result in greater losses or lower positive returns than if the Fund held only long positions. The Fund may be unable to close out a short position at an acceptable price, and may have to sell related long positions at disadvantageous times to produce cash to unwind a short position. Short selling involves higher transaction costs than typical long-only investing. | ||
A short sale may also be effected “against the box” if, at all times when the short position is open, the Fund contemporaneously owns or has the right to obtain at no additional cost securities identical to those sold short. In the event that the Fund were to sell securities short “against the box” and the price of such securities were to then increase rather than decrease, the Fund would forego the potential realization of the increased value of the shares sold short. |
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• | Derivatives. The use of derivative instruments may involve risks and costs different from, and possibly greater than, the risks and costs associated with investing directly in securities or other traditional investments. The Fund’s use of certain derivatives may in some cases involve forms of financial leverage, which involves risk and may increase the volatility of the Fund’s net asset value. Even a small investment in derivatives can have a disproportionate impact on the Fund. Using derivatives can increase losses and reduce opportunities for gains when market prices, interest rates or currencies, or the derivative instruments themselves, behave in a way not anticipated by the Fund. The other parties to certain derivative contracts present the same types of default or credit risk as issuers of fixed income securities. Certain derivatives may be illiquid, which may reduce the return of the Fund if it cannot sell or terminate the derivative instrument at an advantageous time or price. Some derivatives may be difficult to value, or may be subject to the risk that changes in the value of the instrument may not correlate well with the underlying asset, rate or index. In addition, derivatives may be subject to market risk, interest rate risk and credit risk. The Fund could lose the entire amount of its investment in a derivative and, in some cases, could lose more than the principal amount invested. Also, suitable derivative instruments may not be available in all circumstances or at reasonable prices. The Sub-Adviser may not make use of derivatives for a variety of reasons. | ||
• | Foreign Securities. Investments in foreign securities including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”), and European Depositary Receipts (“EDRs”) involve risks relating to political, social and economic developments abroad, as well as risks resulting from the differences between the regulations to which U.S. and foreign issuer markets are subject. These risks include, without limitation: |
- | different accounting and reporting practices | ||
- | less information available to the public | ||
- | less (or different) regulation of securities markets | ||
- | more complex business negotiations | ||
- | less liquidity | ||
- | more fluctuations in prices | ||
- | delays in settling foreign securities transactions | ||
- | higher costs for holding shares (custodial fees) | ||
- | higher transaction costs | ||
- | vulnerability to seizure and taxes | ||
- | political or financial instability and small markets | ||
- | different market trading days |
• | Currency. When the Fund invests in securities denominated in foreign currencies, it is subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for reasons such as changes in interest rates, government intervention or political developments. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. | ||
• | Fixed-Income Securities. The value of fixed-income securities may change daily based on changes in interest rates, and other market conditions and factors. Risks include, without limitation: |
- | market risk: fluctuations in market value | ||
- | interest rate risk: the value of a fixed-income security generally decreases as interest rates rise. This may also be the case for dividend paying stocks. Increases in interest rates may cause the value of your investment to go down. The longer the maturity or duration, the more sensitive the |
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value of a fixed-income security is to fluctuations in interest rates | |||
- | prepayment or call risk: declining interest rates may cause issuers of securities held by the Fund to pay principal earlier than scheduled or to exercise a right to call the securities, forcing the Fund to reinvest in lower yielding securities | ||
- | extension risk: rising interest rates may result in slower than expected principal prepayments, which effectively lengthens the maturity of affected securities, making them more sensitive to interest rate changes | ||
- | default or credit risk: issuers (or guarantors) defaulting on their obligations to pay interest or return principal, being perceived as being less creditworthy or having a credit rating downgraded, or the credit quality or value of any underlying asset declines. The Fund may incur expenses to protect the Fund’s interest in securities experiencing these events. If the Fund invests in securities that are subordinated to other securities, or which represent interests in pools of such subordinated securities, those investments may be disproportionately affected by a default or even a perceived decline in creditworthiness of the issuer. |
If, after purchase, the credit rating on a security is downgraded or the credit quality deteriorates, or if the maturity is extended, the Fund’s Sub-Adviser will decide whether the security should be held or sold. Upon the occurrence of certain triggering events or defaults on a security held by the Fund, or if an issuer of such a security has difficulty meeting its obligations, the Fund may become the holder of a restructured security or of underlying assets. In that case, the Fund may become the holder of securities or other assets that it could not otherwise purchase at a time when those assets may be difficult to sell or can be sold only at a loss. | |||
• | Non-Diversification. As a non-diversified investment company, the Fund can invest a larger percentage of assets in a smaller number of individual companies than a diversified investment company. As a result, any single adverse event affecting a company within the portfolio could negatively impact the value of the Fund’s performance more than it would for a diversified investment company. | ||
• | Focused Investing. To the extent the Fund invests in a limited number of issuers, its performance may be more volatile than funds that hold a greater variety of securities. |
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(per year ended 12/31)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025700.gif)
Highest: | 38.39 | % | Quarter ended: | 12/31/1999 | ||||
Lowest: | (27.55 | )% | Quarter ended: | 12/31/2000 |
(for periods ended 12/31/2008)(1)
Transamerica Premier Focus Fund | 1 Year | 5 Years | 10 Years | |||||||||
Investor Class — Return before Taxes | (41.19 | )% | 0.06 | % | (0.41 | )% | ||||||
Investor Class — Return after taxes on distributions(2) | (41.81 | )% | (0.16 | )% | (1.29 | )% | ||||||
Investor Class — Return after taxes on distributions and sale of fund shares(2) | (26.49 | )% | (0.03 | )% | (0.36 | )% | ||||||
S&P 500(3) | (37.00 | )% | (2.19 | )% | (1.38 | )% |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. | |
(2) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(3) | The S&P 500 Index consists of 500 widely held, publicly traded common stocks. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
(per year ended 12/31)(1)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025711.gif)
Highest: | 22.99 | % | Quarter ended: | 6/30/2003 | ||||
Lowest: | (23.77 | )% | Quarter ended: | 12/31/2008 |
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(for periods ended 12/31/2008)(1)
Life of | ||||||||||||
Transamerica Focus | 1 Year | 5 Years | Fund(2) | |||||||||
Class A — Return before Taxes | (41.33 | )% | (4.78 | )% | 2.03 | % | ||||||
Class A — Return after taxes on distributions(3) | (41.47 | )% | (5.59 | )% | 1.37 | % | ||||||
Class A — Return after taxes on distributions and sale of fund shares(3) | (26.67 | )% | (3.66 | )% | 1.81 | % | ||||||
Russell 3000® Index(4) | (37.31 | )% | (1.95 | )% | (0.78 | )% |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. | |
(2) | Class A commenced operations on March 1, 1999. | |
(3) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(4) | The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
Transamerica | Transamerica | |||||||||||
Premier Focus | Transamerica | Focus | ||||||||||
Fund | Focus | (Pro Forma) | ||||||||||
Investor Class | Class P(a) | Class P | ||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | |||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | N/A | N/A | |||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(b) | ||||||||||||
Management Fees | 0.85 | % | N/A | 0.80 | % | |||||||
Rule 12b-1 Fees | 0.25 | % | N/A | 0.25 | % | |||||||
Other Expenses | 0.36 | % | N/A | 0.32 | % | |||||||
Total | 1.46 | % | N/A | 1.37 | % | |||||||
Expense Reduction | 0.06 | %(c) | N/A | 0.00 | %(d) | |||||||
Net Operating Expenses | 1.40 | % | N/A | 1.37 | % |
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(a) | Because Class P of Transamerica Focus is a new share class, no fee and expense information is available for the twelve-month period ended April 30, 2009. | |
(b) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(c) | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.40%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.40% (other than interest, taxes, brokerage commissions and extraordinary expenses). | |
(d) | TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the Fund’s net expenses to 1.40% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the Fund through March 1, 2011. |
• | you invest $10,000 in each Fund; | ||
• | you reinvest all dividends and distributions without a sales charge; | ||
• | you hold your shares for the time periods shown and then redeem all of your shares at the end of those periods; | ||
• | your investment has a 5% annual return (this assumption is required by the SEC and is not a prediction of the Fund’s future performance); and | ||
• | each Fund’s operating expenses remain the same. |
Transamerica | Combined | |||||||||||
Number of years | Premier Focus | Transamerica | Transamerica Focus | |||||||||
you own your shares | Fund | Focus | (Pro Forma) | |||||||||
Investor Class / Class P | ||||||||||||
Year 1 | $ | 143 | N/A | $ | 139 | |||||||
Year 3 | $ | 456 | N/A | $ | 434 | |||||||
Year 5 | $ | 792 | N/A | $ | 750 | |||||||
Year 10 | $ | 1,741 | N/A | $ | 1,646 |
• | The Board Members considered that the Reorganization presents an opportunity for the shareholders of the Target Fund to become investors in a combined fund that has a larger asset size without the obligation to pay commissions or other transaction costs that a fund normally incurs when purchasing securities. The Board Members considered TAM’s belief that this opportunity may give the combined Destination Fund the ability to diversify further its holdings and effect larger portfolio trading transactions, for the benefit of shareholders. |
• | The Board Members considered that the Reorganization could eliminate any confusion in the marketplace caused by having two funds with similar investment mandates and enhance the potential for the combined Destination Fund to achieve growth in assets. The Board Members noted that TAM believes that the combined Destination Fund may be better positioned to attract assets than the Target Fund, and that the larger size of the combined Destination Fund may offer the potential for greater economies of scale by enabling the combined Destination Fund to obtain better net prices on securities trades and by reducing per share expenses as fixed expenses are shared over a larger asset base. |
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• | The Board Members considered that the Reorganization could eliminate certain redundancies and inefficiencies in the Transamerica fund complex product line offerings, which could strengthen TAM’s ability to pursue investment and marketing opportunities on behalf of the Transamerica funds. The Board Members also considered that the Reorganization is one of a number of reorganizations and other initiatives recently approved by the Board Members of the Transamerica funds. The Board Members noted that the initiatives are designed to streamline the Transamerica fund complex, to promote operating efficiencies, and to result in a more cohesive fund platform. |
• | The Board Members considered that the pro forma gross expense ratio of the combined Destination Fund is expected to be lower for the Class P shares of the combined Destination Fund as compared to the corresponding class of shares of the Target Fund. Furthermore, the Board considered that TAM has contractually undertaken through March 1, 2011 to waive fees and or reimburse expenses on behalf of the Destination Fund to the extent that the total operating expenses of Class P of the Destination Fund exceed a certain operating expense level. |
• | The Board Members considered that, given the anticipated costs and benefits of the Reorganization, the expenses associated with the preparation, printing and mailing of any shareholder communications, including this Information Statement/Prospectus, and any regulatory filings in connection with the Reorganization, would be shared by TAM, and, subject to certain limits, the Target Fund and the Destination Fund. |
• | The Board Members noted that the performance of the Target Fund was higher than the Destination Fund’s historical performance for the 1-, 3- and 5-year periods ended February 28, 2009, but that this performance is attributable to a prior investment sub-adviser and a different investment program and that the Destination Fund would be managed in a manner substantially similar to the Target Fund, which has a stronger investment record. |
• | The Board Members considered the expected tax-free nature of the Reorganization for U.S. federal income tax purposes. |
• | The Board Members considered that, in connection with the proposed Reorganization, the Destination Fund will be renamed, will change sub-advisers and will undergo a change in its investment program, such that the resulting Fund has a substantially similar investment objective and investment strategy as the Target Fund. |
• | The Board Members considered the terms and conditions of the Agreement and Plan of Reorganization. |
• | The Board Members considered that the portfolio managers of the combined Destination Fund may conclude that a significant number of holdings of the Destination Fund (due to its prior investment program and sub-adviser) may not be consistent with the combined Destination Fund’s long-term investment strategy, and may dispose of such positions, but that TAM represented that portfolio transition should not have a material adverse effect on the Funds and their shareholders. |
• | The Board Members considered the affiliations that exist among TAM and the sub-advisers to each Fund as well as certain arrangements between TIM and TAM, and noted that assets under management by sub-advisers affiliated with TAM may increase as a result of the Reorganization. |
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Transamerica | ||||||||||||||||
Premier Focus | Transamerica Focus | Pro Forma | ||||||||||||||
Fund | Transamerica Focus | Pro Forma Adjustments | Transamerica Focus | |||||||||||||
Net Assets (000’s) | ||||||||||||||||
Class A | — | $ | 36,342 | $ | 36,342 | |||||||||||
Class B | — | $ | 21,197 | $ | 21,197 | |||||||||||
Class C | — | $ | 13,824 | $ | 13,824 | |||||||||||
Class P / Investor Class (1) | $ | 62,875 | — | $ | 62,875 | |||||||||||
Net Asset Value Per Share | ||||||||||||||||
Class A | — | $ | 10.92 | $ | 10.92 | |||||||||||
Class B | — | $ | 10.18 | $ | 10.18 | |||||||||||
Class C | — | $ | 10.17 | $ | 10.17 | |||||||||||
Class P / Investor Class (1) | $ | 16.92 | — | $ | 16.92 | |||||||||||
Shares Outstanding (000’s) | ||||||||||||||||
Class A | — | 3,329 | 3,329 | |||||||||||||
Class B | — | 2,083 | 2,083 | |||||||||||||
Class C | — | 1,359 | 1,359 | |||||||||||||
Class P / Investor Class (1) | 3,717 | — | 3,717 |
(1) | Investor Class shares of Transamerica Premier Focus Fund will receive Class P shares of the Destination Fund following the Reorganization. |
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(the “Target Fund”)
(the “Destination Fund”)
Transamerica Premier Growth Opportunities | ||||
Fund | Transamerica Growth Opportunities | |||
Investment Objective | The Fund seeks to maximize long-term growth. | The objective of the Fund is to maximize long-term growth. | ||
Principal Investment Strategies and Policies | The Fund’s sub-adviser, Transamerica Investment Management, LLC (“TIM”), uses a “bottom-up” approach to investing and builds the Fund’s portfolio one company at a time by investing fund assets principally in: equity securities such as common stocks, preferred stocks, rights, warrants and securities convertible into or exchangeable for common stocks of small and medium capitalization companies. TIM, under normal market conditions, invests at least 65% of the Fund’s assets in a diversified portfolio of equity securities. The companies issuing these securities are companies with small- and medium-sized market capitalization whose market capitalization or annual revenues are no more than $10 billion at the time of purchase. It is the opinion of TIM that companies with smaller and medium-sized capitalization levels are less actively followed by security analysts, and, therefore, they may be undervalued, providing strong opportunities for a rise in value. TIM uses a “bottom-up” approach in investing. When a sub-adviser uses a “bottom-up” approach, it looks primarily at individual companies against | TIM uses a “bottom-up” approach to investing and builds the Fund’s portfolio one company at a time by investing Fund assets principally in equity securities such as common stocks, preferred stocks, rights, warrants and securities convertible into or exchangeable for common stocks of small and medium capitalization companies. TIM, under normal market conditions, invests at least 65% of the Fund’s assets in a diversified portfolio of equity securities. The companies issuing these securities are companies with small- and medium-sized market capitalization whose market capitalization or annual revenues are no more than $10 billion at the time of purchase. TIM selects stocks that are issued by U.S. companies which, in its opinion, show: • strong potential for steady growth • high barriers to competition • experienced management incentivized along shareholder interests It is the opinion of TIM that companies with smaller and medium-sized capitalization levels are less actively followed by security analysts, and, |
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Transamerica Premier Growth Opportunities | ||||
Fund | Transamerica Growth Opportunities | |||
the context of broader market factors. TIM selects stocks that are issued by U.S. companies which, in its opinion, show: • strong potential for steady growth • high barriers to competition • experienced management incentivized along shareholder interests While the Fund invests principally in equity securities, TIM may also, to a lesser extent, invest in debt securities or other securities and investment strategies in pursuit of its investment objective. The Fund may invest in assets its cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | therefore, they may be undervalued, providing strong opportunities for a rise in value. While the Fund invests principally in equity securities, TIM may also, to a lesser extent, invest in debt securities or other securities and investment strategies in pursuit of its investment objective. The Fund may invest its assets in cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | |||
Investment Adviser | TAM | |||
Sub-Adviser | TIM | |||
Portfolio Managers | Edward S. Han Portfolio Manager (lead) Edward S. Han is Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in the Mid Growth Equity discipline and is a member of the Large Growth team. Prior to joining TIM in 1998, he was a Vice President of Corporate Banking at Bank of America. Mr. Han holds an M.B.A. from the Darden Graduate School of Business Administration at the University of Virginia and received his B.A. in Economics from the University of California at Irvine. Mr. Han has 14 years of investment experience. John J. Huber, CFA Portfolio Manager (lead) John J. Huber is Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in the Mid Growth Equity discipline. Mr. Huber’s analytical responsibilities include covering the Financial Services sector. He joined TIM in 2005 when the firm acquired Westcap Investors, LLC. Prior to Westcap, Mr. Huber was a Senior Associate at Wilshire Associates and an Information Technology Consultant at Arthur Andersen. He earned a B.A. from Columbia University and an M.B.A. from University of California, Los Angeles. Mr. Huber has earned the right to use the Chartered Financial Analyst designation and has 10 years of investment experience. Each Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the fund. | |||
Business | A diversified open-end investment management company organized as a series of Transamerica Premier Funds, a Maryland corporation. | A diversified open-end investment management company organized as a series of Transamerica Funds, a Delaware statutory trust. | ||
Net Assets (as of June 30, 2009) | $83,939,000 | $168,599,512 |
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Transamerica Premier Growth Opportunities | ||||
Fund | Transamerica Growth Opportunities | |||
Sales Charges and Fees | Investor Class shares are offered without an initial sales charge. Investor Class shares are not subject to a contingent deferred sales charge. Investor Class shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.25% of the average daily net assets of the Fund. The fee accrues daily and is based on an annual percentage of the daily average net assets. | Class P shares are offered without an initial sales charge. Class P shares are available only to former investors in Investor Class shares of Transamerica Premier Funds. Class P shares are not subject to a contingent deferred sales charge. Class P shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.25% of the average daily net assets of the Fund. The fee accrues daily and is based on an annual percentage of the daily average net assets. | ||
Advisory Fees | TAM is entitled to receive an advisory fee based on an annual rate of the Fund’s average daily net assets: • 0.85% for the first $1 billion of assets; • 0.82% of the next $1 billion of assets; and | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): • 0.80% for the first $250 million of assets; | ||
• 0.80% of assets in excess of $2 billion. | • 0.75% for assets over $250 million and up to | |||
$500 million; and | ||||
For the fiscal year ended December 31, 2008, the Fund paid advisory fees of 0.80% of the Fund’s average daily net assets. | • 0.70% for assets in excess of $500 million. | |||
For the fiscal year ended October 31, 2008, the Fund paid advisory fees of 0.79% of the Fund’s average daily net assets. | ||||
Fee Waiver and Expense Limitations | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.40%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.40% (other than interest, taxes, brokerage commissions and extraordinary expenses). | TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the Fund’s net expenses to 1.40% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the Fund through March 1, 2011. | ||
Gross and Net Expenses | For a comparison of the gross and net expenses of the Funds, please see the class fee tables in the “The Funds’ Fees and Expenses” section. |
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• | Market. The value of securities owned by the Fund may go up or down, sometimes rapidly or unpredictably. If the market prices of the securities owned by the Fund fall, the value of your investment in the Fund will decline. The value of a security may fall due to factors affecting securities markets generally or a particular sector of the securities markets or factors affecting particular industries or issuers. The equity and debt capital markets in the United States and internationally have experienced unprecedented volatility. This financial crisis has caused a significant decline in the value and liquidity of many securities. This environment could make identifying investment risks and opportunities especially difficult. These market conditions may continue or get worse. Changes in market conditions will not have the same impact on all types of securities. | ||
• | Stocks. Stocks may be volatile — their prices may go up and down dramatically over the shorter term. These price movements may result from factors affecting individual companies, industries, the securities market as a whole or the overall economy. Because the stocks the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down. | ||
• | Growth Stocks. Growth stocks can be volatile for several reasons. Since growth companies usually reinvest a high proportion of their earnings in their own businesses, they may lack the dividends often associated with the value stocks that could cushion their decline in a falling market. Also, since investors buy growth stocks because of their expected superior earnings growth, earnings disappointments often result in sharp price declines. Certain types of growth stocks, particularly technology stocks, can be extremely volatile and subject to greater price swings than the broader market. | ||
• | Preferred Stocks. Preferred stock represents an interest in a company that generally entitles the holder to receive, in preference to the holders of the company’s common stock, dividends and a fixed share of the proceeds resulting from any liquidation of the company. Preferred stock’s right to dividends and liquidation proceeds is junior to the rights of a company’s debt securities. Preferred stocks may pay fixed or adjustable rates of return. The value of preferred stock may be subject to factors that affect fixed income and equity securities, including changes in interest rates and in a company’s creditworthiness. Shareholders of preferred stock may suffer a loss of value if dividends are not paid. Preferred stock does not generally carry voting rights. | ||
• | Warrants and Rights. Warrants and rights may be considered more speculative than certain other types of investments because they do not entitle a holder to the dividends or voting rights for the securities that may be purchased. They do not represent any rights in the assets of the issuing company. Also, the value of a warrant or right does not necessarily change with the value of the underlying securities. A warrant or right ceases to have value if it is not exercised prior to the expiration date. | ||
• | Convertible Securities. Convertible securities may include corporate notes or preferred stock, but ordinarily are a long-term debt obligation of the issuer convertible at a stated exchange rate into common stock of the issuer. As with most debt securities, the market value of convertible securities tends to decline as interest rates increase. Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. However, when the market price |
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of the common stock underlying a convertible security exceeds the conversion price, the price of the convertible security tends to reflect the value of the underlying common stock. |
• | Value Investing. The value approach carries the risk that the market will not recognize a security’s intrinsic value for a long time, or that a stock considered to be undervalued may actually be appropriately priced. The Fund may underperform other equity funds that use different investing styles. The Fund may also underperform other equity funds using the value style. | ||
• | Derivatives. The use of derivative instruments may involve risks and costs different from, and possibly greater than, the risks and costs associated with investing directly in securities or other traditional investments. The Fund’s use of certain derivatives may in some cases involve forms of financial leverage, which involves risk and may increase the volatility of the Fund’s net asset value. Even a small investment in derivatives can have a disproportionate impact on the Fund. Using derivatives can increase losses and reduce opportunities for gains when market prices, interest rates or currencies, or the derivative instruments themselves, behave in a way not anticipated by the Fund. The other parties to certain derivative contracts present the same types of default or credit risk as issuers of fixed income securities. Certain derivatives may be illiquid, which may reduce the return of the Fund if it cannot sell or terminate the derivative instrument at an advantageous time or price. Some derivatives may be difficult to value, or may be subject to the risk that changes in the value of the instrument may not correlate well with the underlying asset, rate or index. In addition, derivatives may be subject to market risk, interest rate risk and credit risk. The Fund could lose the entire amount of its investment in a derivative and, in some cases, could lose more than the principal amount invested. Also, suitable derivative instruments may not be available in all circumstances or at reasonable prices. The Fund’s sub-adviser may not make use of derivatives for a variety of reasons. | ||
• | Foreign Securities. Investments in foreign securities including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”), and European Depositary Receipts (“EDRs”) involve risks relating to political, social and economic developments abroad, as well as risks resulting from the differences between the regulations to which U.S. and foreign issuer markets are subject. These risks include, without limitation: |
- | different accounting and reporting practices | ||
- | less information available to the public | ||
- | less (or different) regulation of securities markets | ||
- | more complex business negotiations | ||
- | less liquidity | ||
- | more fluctuations in prices | ||
- | delays in settling foreign securities transactions | ||
- | higher costs for holding shares (custodial fees) | ||
- | higher transaction costs | ||
- | vulnerability to seizure and taxes | ||
- | political or financial instability and small markets | ||
- | different market trading days |
• | Currency. When the Fund invests in securities denominated in foreign currencies, it is subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for reasons |
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such as changes in interest rates, government intervention or political developments. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. |
• | Small- or Medium-Sized Companies. Investing in small- and medium-sized companies involves greater risk than is customarily associated with more established companies. Stocks of such companies, particularly developing companies, generally are subject to more volatility in price than larger company securities. Among the reasons for the greater price volatility are the less certain growth prospects of smaller companies, the lower degree of liquidity in the markets for such securities, and the greater sensitivity of smaller companies to changing economic conditions. Smaller companies often have limited product lines, markets, or financial resources and their management may lack depth and experience. Such companies usually do not pay significant dividends that could cushion returns in a falling market. | ||
• | Fixed-Income Securities. The value of fixed-income securities may change daily based on changes in interest rates, and other market conditions and factors. Risks include, without limitation: |
- | market risk: fluctuations in market value | ||
- | interest rate risk: the value of a fixed-income security generally decreases as interest rates rise. This may also be the case for dividend paying stocks. Increases in interest rates may cause the value of your investment to go down. The longer the maturity or duration, the more sensitive the value of a fixed-income security is to fluctuations in interest rates | ||
- | prepayment or call risk: declining interest rates may cause issuers of securities held by the Fund to pay principal earlier than scheduled or to exercise a right to call the securities, forcing the Fund to reinvest in lower yielding securities | ||
- | extension risk: rising interest rates may result in slower than expected principal prepayments, which effectively lengthens the maturity of affected securities, making them more sensitive to interest rate changes | ||
- | default or credit risk: issuers (or guarantors) defaulting on their obligations to pay interest or return principal, being perceived as being less creditworthy or having a credit rating downgraded, or the credit quality or value of any underlying asset declines. The Fund may incur expenses to protect the Fund’s interest in securities experiencing these events. If the Fund invests in securities that are subordinated to other securities, or which represent interests in pools of such subordinated securities, those investments may be disproportionately affected by a default or even a perceived decline in creditworthiness of the issuer. |
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(per year ended 12/31)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025702.gif)
Highest: | 53.56 | % | Quarter ended: | 12/31/1999 | ||||
Lowest: | (36.17 | )% | Quarter ended: | 3/31/2001 |
(for periods ended 12/31/2008)(1)
Transamerica Premier Growth Opportunities Fund | 1 Year | 5 Years | 10 Years | |||||||||
Investor Class — Return before Taxes | (40.85 | )% | 0.13 | % | 2.08 | % | ||||||
Investor Class — Return after taxes on distributions(2) | (40.85 | )% | (0.01 | )% | 1.10 | % | ||||||
Investor Class — Return after taxes on distributions and sale of fund shares(2) | (26.56 | )% | 0.19 | % | 1.74 | % | ||||||
Russell Midcap® Growth Index(3) | (44.32 | )% | (2.33 | )% | (0.19 | )% | ||||||
Russell 2500® Growth Index(4) | (41.50 | )% | (2.24 | )% | 0.75 | % |
(1) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(2) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(3) | The Russell Midcap® Growth Index measures the performance of mid-cap growth companies (mid-cap companies with high price-to-book ratios and high forecasted growth values). Effective September 18, 2008, the Russell Midcap® Growth Index became the Fund’s primary benchmark to better align the Fund’s benchmark to reflect the universe of securities in the Fund’s portfolio. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. | |
(4) | The Russell 2500® Growth Index is a widely recognized, unmanaged index of market performance which measures the performance of those Russell 2500 companies with lower price-to-book ratios and lower forecasted growth values. This index served as the Fund’s primary benchmark prior to September 18, 2008, at which time it was replaced with the Russell Midcap® Growth Index. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
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(per year ended 12/31)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025712.gif)
Highest: | 23.35 | % | Quarter ended: | 12/31/2001 | ||||
Lowest: | (34.23 | )% | Quarter ended: | 3/31/2001 |
(for periods ended 12/31/2008)(1)
Life of | ||||||||||||
Transamerica Growth Opportunities | 1 Year | 5 Years | Fund(2) | |||||||||
Class A — Return before Taxes | (44.44 | )% | (1.37 | )% | (5.95 | )% | ||||||
Class A — Return after taxes on distributions(3) | (44.44 | )% | (1.37 | )% | (5.95 | )% | ||||||
Class A — Return after taxes on distributions and sale of fund shares(3) | (28.89 | )% | (1.16 | )% | (4.86 | )% | ||||||
Russell Midcap® Growth Index(4) | (44.32 | )% | (2.33 | )% | (6.81 | )% |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. | |
(2) | Class A commenced operations on March 1, 2000. | |
(3) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(4) | The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
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Transamerica | ||||||||||||
Premier | Transamerica | |||||||||||
Growth | Transamerica | Growth | ||||||||||
Opportunities | Growth | Opportunities | ||||||||||
Fund | Opportunities | (Pro Forma) | ||||||||||
Investor Class | Class P(a) | Class P | ||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | |||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | N/A | N/A | |||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(b) | ||||||||||||
Management Fees | 0.85 | % | N/A | 0.79 | % | |||||||
Rule 12b-1 Fees | 0.25 | % | N/A | 0.25 | % | |||||||
Other Expenses | 0.37 | % | N/A | 0.33 | % | |||||||
Total | 1.47 | % | N/A | 1.37 | % | |||||||
Expense Reduction | 0.07 | %(c) | N/A | 0.00 | %(d) | |||||||
Net Operating Expenses | 1.40 | % | N/A | 1.37 | % |
(a) | Because Class P of Transamerica Growth Opportunities is a new share class, no fee and expense information is available for the twelve-month period ended April 30, 2009. | |
(b) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(c) | Through an expense limitation agreement, TAM has contractually agreed, through April 30, 2010, to waive part of its advisory fee and/or to reimburse any other operating expenses to ensure that annualized expenses for the Fund (other than interest, taxes, brokerage commissions and extraordinary expenses) will not exceed 1.40%. To the extent that TAM waives fees or reduces fees, TIM will reimburse TAM for the total amount of such waiver or reduction. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement on any day the estimated annualized Fund operating expenses are less than 1.40% (other than interest, taxes, brokerage commissions and extraordinary expenses). | |
(d) | TAM has contractually agreed to limit ordinary operating expense to the extent required to reduce the Fund’s net expenses to 1.40% of the average daily net assets attributable to Class P shares, excluding extraordinary expenses. This expense limitation will be in effect for the Fund through March 1, 2011. |
• | you invest $10,000 in each Fund; | ||
• | you reinvest all dividends and distributions without a sales charge; | ||
• | you hold your shares for the time periods shown and then redeem all of your shares at the end of those periods; | ||
• | your investment has a 5% annual return (this assumption is required by the SEC and is not a prediction of the Fund’s future performance); and | ||
• | each Fund’s operating expenses remain the same. |
Combined | ||||||||||||
Transamerica | ||||||||||||
Transamerica | Transamerica | Growth | ||||||||||
Number of years | Premier Growth | Growth | Opportunities | |||||||||
you own your shares | Opportunities Fund | Opportunities | (Pro Forma) | |||||||||
Investor Class / Class P | ||||||||||||
Year 1 | $ | 143 | N/A | $ | 139 | |||||||
Year 3 | $ | 458 | N/A | $ | 434 | |||||||
Year 5 | $ | 796 | N/A | $ | 750 | |||||||
Year 10 | $ | 1,751 | N/A | $ | 1,646 |
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• | The Board Members considered that the Reorganization presents an opportunity for the shareholders of the Target Fund to become investors in a combined fund that has a larger asset size without the obligation to pay commissions or other transaction costs that a fund normally incurs when purchasing securities. The Board Members considered TAM’s belief that this opportunity may give the combined Destination Fund the ability to diversify further its holdings and effect larger portfolio trading transactions, for the benefit of shareholders. |
• | The Board Members considered that the Reorganization could eliminate any confusion in the marketplace caused by having two funds with similar investment mandates and enhance the potential for the combined Destination Fund to achieve growth in assets. The Board Members noted that TAM believes that the combined Destination Fund may be better positioned to attract assets than the Target Fund, and that the larger size of the combined Destination Fund may offer the potential for greater economies of scale by enabling the combined Destination Fund to obtain better net prices on securities trades and by reducing per share expenses as fixed expenses are shared over a larger asset base. |
• | The Board Members considered that the Reorganization could eliminate certain redundancies and inefficiencies in the Transamerica fund complex product line offerings, which could strengthen TAM’s ability to pursue investment and marketing opportunities on behalf of the Transamerica funds. The Board Members also considered that the Reorganization is one of a number of reorganizations and other initiatives recently approved by the Board Members of the Transamerica funds. The Board Members noted that the initiatives are designed to streamline the Transamerica fund complex, to promote operating efficiencies, and to result in a more cohesive fund platform. |
• | The Board Members considered that the pro forma gross expense ratio of the combined Destination Fund is expected to be lower for the Class P shares of the combined Destination Fund as compared to the corresponding class of shares of the Target Fund. Furthermore, the Board Members considered that TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the combined Destination Fund to the extent that the total operating expenses of Class P shares of the combined Destination Fund exceed certain operating expense levels. |
• | The Board Members considered that, given the anticipated costs and benefits of the Reorganization, the expenses associated with the preparation, printing and mailing of any shareholder communications, including this Information Statement/Prospectus, and any |
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regulatory filings in connection with the Reorganization, would be shared by TAM, and, subject to certain limits, the Target Fund and the Destination Fund. |
• | The Board Members considered that the performance of the Funds was generally comparable over the 1-, 3- and 5-year periods ended February 28, 2009. The Board Members noted, however, that the Target Fund’s performance was higher for each of the 1-, 3- and 5-year periods. |
• | The Board Members considered the expected tax-free nature of the Reorganization for U.S. federal income tax purposes. |
• | The Board Members considered the investment objective and policies of the Destination Fund and their compatibility with those of the Target Fund. |
• | The Board Members considered that TAM is the adviser and TIM is the sub-adviser to the Target Fund and the Destination Fund. |
• | The Board Members considered the terms and conditions of the Agreement and Plan of Reorganization. |
• | The Board Members considered that the portfolio managers of the combined Destination Fund may conclude that a significant number of holdings of the Target Fund may not be consistent with the combined Destination Fund’s long-term investment strategy, and may dispose of such positions, but that TAM represented that portfolio transition should not have a material adverse effect on the Funds and their shareholders. |
Transamerica | ||||||||||||||||
Premier Growth | Transamerica | Transamerica Growth | Pro Forma | |||||||||||||
Opportunities | Growth | Opportunities Pro | Transamerica Growth | |||||||||||||
Fund | Opportunities | Forma Adjustments | Opportunities | |||||||||||||
Net Assets (000’s) | ||||||||||||||||
Class A | — | $ | 49,768 | $ | 49,768 | |||||||||||
Class B | — | $ | 15,060 | $ | 15,060 | |||||||||||
Class C | — | $ | 11,098 | $ | 11,098 | |||||||||||
Class P | — | — | $ | 91,913 | $ | 91,913 | ||||||||||
Class I | — | $ | 108,778 | $ | 108,778 | |||||||||||
Investor Class(1) | $ | 91,913 | — | $ | (91,913 | ) | — | |||||||||
Net Asset Value Per Share | ||||||||||||||||
Class A | — | $ | 7.57 | $ | 7.57 | |||||||||||
Class B | — | $ | 7.03 | $ | 7.03 |
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Transamerica | ||||||||||||||||
Premier Growth | Transamerica | Transamerica Growth | Pro Forma | |||||||||||||
Opportunities | Growth | Opportunities Pro | Transamerica Growth | |||||||||||||
Fund | Opportunities | Forma Adjustments | Opportunities | |||||||||||||
Class C | — | $ | 7.06 | $ | 7.06 | |||||||||||
Class P | — | — | $ | 20.30 | $ | 20.30 | ||||||||||
Class I | — | $ | 7.81 | $ | 7.81 | |||||||||||
Investor Class(1) | $ | 20.30 | — | $ | (20.30 | ) | — | |||||||||
Shares Outstanding (000’s) | ||||||||||||||||
Class A | — | 6,571 | 6,571 | |||||||||||||
Class B | — | 2,141 | 2,141 | |||||||||||||
Class C | — | 1,571 | 1,571 | |||||||||||||
Class P | — | — | 4,529 | 4,529 | ||||||||||||
Class I | — | 13,920 | 13,920 | |||||||||||||
Investor Class(1) | 4,529 | — | (4,529 | ) | — |
(1) | Investor Class shares of Transamerica Premier Growth Opportunities Fund will receive Class P shares of the Destination Fund following the Reorganization. |
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(the “Target Fund”)
(the “Destination Fund”)
Target Fund & Shares | Destination Fund & Shares | |
Transamerica Convertible Securities | Transamerica Flexible Income | |
Class A | Class A | |
Class B | Class B | |
Class C | Class C | |
Class I | Class I |
Transamerica Convertible Securities | Transamerica Flexible Income | |||
Investment Objective | The objective of the Fund is to seek maximum total return through a combination of current income and capital appreciation. | The objective of the Fund is to seek to provide a high total return through a combination of current income and capital appreciation.* | ||
Principal Investment Strategies and Policies | The Fund’s sub-adviser, Transamerica Investment Management, LLC (“TIM”), seeks to achieve this objective by investing principally in convertible securities. In seeking its investment objective, TIM will normally invest at least 80% of net assets in convertible securities, which are across the credit spectrum and perform more like a stock when the underlying share price is high relative to the conversion price and more like a bond when the underlying share price is low relative to the conversion price. TIM may also invest the Fund’s assets in other types of securities, including common stock. TIM may invest the Fund’s assets in securities of foreign issuers in addition to securities of domestic issuers. | TIM uses a “bottom up” approach to investing and builds the Fund’s portfolio one company at a time. The Fund will generally invest at least 80% of net assets in a broad range of fixed-income securities including: • U.S. Government and foreign government bonds and notes (including emerging market countries); • Mortgage-backed, commercial mortgage-backed, and asset-backed securities (including collateralized mortgage obligations); • Corporate bonds of issuers in the U.S. and foreign countries (including emerging market countries); • Convertible bonds and other convertible securities; |
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Transamerica Convertible Securities | Transamerica Flexible Income | |||
In buying and selling securities for the Fund, TIM relies on fundamental analysis of each issuer and its potential for success in light of its current financial condition, industry position, and economic market conditions. Factors considered include growth potential, earnings estimates, and quality of management. TIM may use various techniques, such as buying and selling futures contracts, to increase or decrease the Fund’s exposure to changing security prices or other factors that affect security values. The Fund may also invest in other securities and investment strategies in pursuit of its investment objective. The Fund may invest its assets in cash, cash equivalent securities or short-term debt securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | • Bank loans and loan participations; • Structured notes; and • Preferred securities. With respect to these investments: 1. Under normal market conditions, at least 50% of the value of the Fund’s assets will be invested in (a) debt securities which have a rating within the four highest grades as determined by Moody’s Investors Service, Inc. (“Moody’s”) (“Aaa, Aa, A or Baa”) or Standard & Poor’s Corporation (“S&P”) (“AAA, AA, A or BBB”); (b) securities issued or guaranteed by the United States Government or its agencies or instrumentalities; (c) commercial paper rated Prime, Prime-1 or Prime-2 by NCO/Moody’s Commercial Paper Division, (“Moody’s”), or A-1 or A-2 by S&P; or (d) cash or cash equivalents; 2. Up to 50% of the value of the Fund’s assets may be invested in other debt securities which are not rated by Moody’s or S&P or, if so rated, are not within the grades or ratings referred to above; and 3. The Fund may engage in options and futures transactions, foreign currency transactions, and swap transactions. The Fund may invest up to 20% of its total assets in equity securities, such as common stocks, rights, warrants or preferred stock. Ordinarily, the Fund will purchase debt securities having call or refunding protection or securities which are not considered by the Fund likely to be called or refunded in the near term, in order to preserve initial annual yields to the Fund. The Fund may invest in securities of any maturity and does not have a target average duration. Short-Term Trading. The Fund may use short-term trading as a means of managing its portfolio to achieve its investment objectives. As used herein, “short-term trading” means selling securities held for a relatively brief period of time, usually less than three months. Short-term trading will be used by the Fund primarily in two situations: | |||
(a) Market Developments. A security may be sold to avoid depreciation in what the Fund anticipates will be a market decline (a rise in interest rates), or a security may be purchased in anticipation of a market rise (a decline in interest rates) and later sold; and (b) Yield Disparities. A security may be sold and another of comparable quality purchased at approximately the same time in order to take |
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Transamerica Convertible Securities | Transamerica Flexible Income | |||
advantage of what the Fund believes is a temporary disparity in the normal yield relationship between the two securities (a “yield disparity”). Short-term trading to take advantage of a yield disparity may be undertaken even if levels of interest rates remain unchanged. Yield disparities occur frequently for reasons not directly related to the investment quality of the respective issues or the general movement of interest rates, but may result from changes in the overall demand for or supply of various types of bonds, changes in the investment objectives or the cash requirements of investors, and the requirements of dealers to correct long or short inventory positions. Short-term trading techniques will be used principally in connection with higher quality, non-convertible debt securities, which are often better suited for short-term trading because the market in such securities is generally of greater depth and offers greater liquidity than the market in debt securities of lower quality. It is anticipated that short-term trading will be less applicable to any convertible securities which the Fund may own, since such securities will usually be purchased when the Fund believes that the market value of the underlying equity security is likely to appreciate over a period of time. The Fund will engage in short-term trading if it believes the transactions, net of costs (including commission, if any), will result in improving the appreciation potential or income of its portfolio. Whether any improvement will be realized by short-term trading will depend upon the ability of the Fund to evaluate particular securities and anticipate relevant market factors, including interest rate trends and variations from such trends. Short-term trading such as that contemplated by the Fund places a premium upon the ability of the Fund to obtain relevant information, evaluate it promptly, and take advantage of its evaluations by completing transactions on a favorable basis. By virtue of short-term trading, the Fund may engage in greater buying and selling activity than investment companies which are not permitted to employ such a policy in seeking their investment objectives. Such activity can result in greater costs of operation than is the case with other investment companies, and risks of loss in portfolio value could be greater. Accordingly, an investment in Fund shares may be more speculative than an investment in shares of an investment company which cannot engage in short-term trading. The sub-adviser may sell the Fund’s securities when its expectations regarding market interest rates change or the quality or return changes on investment. The Fund may invest its assets in cash, cash |
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Transamerica Convertible Securities | Transamerica Flexible Income | |||
equivalent securities or short-term debt securities, repurchase agreements and money market instruments. Under adverse or unstable market, economic or political conditions, the Fund may do so without limit. Although the Fund would do this only in seeking to avoid losses, the Fund may be unable to pursue its investment objective during that time, and it could reduce the benefit from any upswing in the market. To the extent that the Fund has any uninvested cash, the Fund would also be subject to risk with respect to the depository institution holding the cash. | ||||
Investment Adviser | TAM | |||
Sub-Adviser | TIM | |||
Portfolio | Kirk J. Kim | Kirk J. Kim | ||
Managers | Portfolio Manager (lead) Kirk J. Kim is a Principal and Portfolio Manager at TIM. He manages sub-advised funds and institutional separate accounts in TIM’s Convertible Securities discipline and is a member of TIM’s Concentrated All Cap Growth Equity investment team. Prior to joining TIM in 1997, Mr. Kim worked as a securities analyst for The Franklin Templeton Group. He holds a B.S. in Finance from the University of Southern California. Mr. Kim has 13 years of investment experience. Peter O. Lopez Portfolio Manager (lead) Peter O. Lopez is Principal and Director of Research at TIM. He co-manages sub-advised funds and institutional accounts in the Large Growth Equity and Convertible Securities disciplines. Prior to joining TIM in 2003, he was Managing Director at Centre Pacific, LLC. Mr. Lopez also previously served as Senior Fixed Income Analyst for Transamerica Investment Services from 1997-2000. He holds an M.B.A. in Finance and Accounting from the University of Michigan and received a B.A. in Economics from Arizona State University. Mr. Lopez has 17 years of investment experience. The Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. | Peter O. Lopez Brian W. Westhoff, CFA Portfolio Manager (lead) Brian W. Westhoff is a Portfolio Manager at TIM. Prior to joining TIM in 2003, Mr. Westhoff worked as an Equity Research intern with Credit Suisse Asset Management, as a Fixed Income Investment Analyst at St. Paul Companies, and as an Argentine/Oil and Gas Equity Research Intern with Merrill Lynch in Argentina. He holds an M.B.A. from Thunderbird, the Garvin Graduate School of International Management, and received a B.S. in Business Administration from Drake University. Mr. Westhoff has earned the right to use the Chartered Financial Analyst designation and has 11 years of investment experience. Derek S. Brown, CFA Portfolio Manager (co) Derek S. Brown is a Portfolio Manager and Director of Fixed Income at TIM. He manages mutual funds, sub-advised funds and institutional accounts in the Fixed Income discipline. Prior to joining TIM in 2005, he served in the portfolio management and fixed income trading departments at Bradford & Marzec, Inc. Mr. Brown also previously worked in the trading departments of Back Bay Advisors and The Boston Company Asset Management. He holds an M.B.A. from Boston College and received a B.A. in Communications Studies from University of Maine. Mr. Brown has earned the right to use the Chartered Financial Analyst designation and has 17 years of investment experience. Greg D. Haendel, CFA Portfolio Manager (co) Greg D. Haendel is a Portfolio Manager at TIM. |
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Transamerica Convertible Securities | Transamerica Flexible Income | |||
Prior to joining TIM in 2003, he worked as a High Yield Intern for Metropolitan West Asset Management, as a Fixed Income Intern for Lehman Brothers in London, as a Mortgage-Backed Portfolio Manager for Co-Bank in Colorado, and as a Global Debt Analyst for Merrill Lynch in New York. Mr. Haendel holds an M.B.A. in Finance and Accounting from The Anderson School at UCLA and received a B.A. in Economics from Amherst College. Mr. Haendel has earned the right to use the Chartered Financial Analyst designation and has 11 years of investment experience. The Fund’s statement of additional information provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers, and the portfolio managers’ ownership of securities in the Fund. | ||||
Business | A diversified open-end investment management company organized as a series of Transamerica Funds, a Delaware statutory trust. | |||
Net Assets (as of June 30, 2009) | $65,121,769 | $141,078,936 |
* | The Fund’s investment objective will change on or before the Closing Date. The Fund’s current investment objective is to seek to provide as high a level of current income for distribution as is consistent with prudent investment, with capital appreciation as only a secondary objective. |
Transamerica Convertible Securities | Transamerica Flexible Income | |||
Sales Charges and Fees | Class A shares are subject to a maximum initial sales charge of 4.75%. Certain purchases of Class A shares in amounts of $1 million or more are subject to a 1% contingent deferred sales charge for 24 months after purchase. | |||
Class B shares are subject to a maximum deferred sales charge of 5.00%, which declines during the first 5 years of purchase (5%-1st year; 4%-2nd year; 3%-3rd year; 2%-4th year; 1%-5th year; 0%-6th year and later). | ||||
Class C shares are subject to maximum deferred sales charge of 1.00% if redeemed during the first 12 months of purchase. | ||||
Class A shares, Class B shares and Class C shares pay a distribution and service (12b-1) fee, which is used to pay distribution and service fees for the sale and distribution of the Fund’s shares and to pay for non-distribution activities and services provided to shareholders. These services include compensation to financial intermediaries that sell Fund shares and/or service shareholder accounts. The annual 12b-1 fee is 0.35% for Class A shares, 1.00% for Class B shares and 1.00% Class C shares. | ||||
Class I shares are offered without an initial sales charge. | ||||
Class I shares are not subject to a contingent deferred sales charge. | ||||
Class I shares are not subject to distribution and service (12b-1) fees. | ||||
Advisory Fees | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): | TAM receives compensation, calculated daily and paid monthly, from the Fund at the indicated annual rates (expressed as a specified percentage of the Fund’s average daily net assets): | ||
• 0.75% for the first $250 million of assets; and | • 0.725% for the first $250 million of assets; | |||
• 0.70% for in excess of $250 million. | • 0.675% for assets over $250 million and up to $350 million; and | |||
For the fiscal year ended October 31, 2008, the Fund paid advisory fees of 0.75% of the Fund’s average daily net assets. | • 0.625% for assets in excess of $350 million. For the fiscal year ended October 31, 2008, the Fund paid advisory fees of 0.71% of the Fund’s average daily net assets. | |||
Fee Waiver and Expense Limitations | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.35%, excluding 12b-1 fees and extraordinary expenses. TAM is | Contractual arrangements have been made with TAM, through March 1, 2011, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.50%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled |
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Transamerica Convertible Securities | Transamerica Flexible Income | |||
entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.35%, excluding 12b-1 fees and extraordinary expenses. | to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.50%, excluding 12b-1 fees and extraordinary expenses. | |||
Gross and Net Expenses | For a comparison of the gross and net expenses of the Funds, please see the class fee tables in the “The Funds’ Fees and Expenses” section. |
• | Market. The value of securities owned by the Fund may go up or down, sometimes rapidly or unpredictably. If the market prices of the securities owned by the Fund fall, the value of your investment in the Fund will decline. The value of a security may fall due to factors affecting securities markets generally or a particular sector of the securities markets or factors affecting particular industries or issuers. The equity and debt capital markets in the United States and internationally have experienced unprecedented volatility. This financial crisis has caused a significant decline in the value and liquidity of many securities. This environment could make identifying investment risks and opportunities especially difficult. These market conditions may continue or get worse. Changes in market conditions will not have the same impact on all types of securities. | ||
• | Convertible Securities. Convertible securities may include corporate notes or preferred stock, but ordinarily are a long-term debt obligation of the issuer convertible at a stated exchange rate into common stock of the issuer. As with most debt securities, the market value of convertible securities tends to decline as interest rates increase. Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. However, when the market price of the common stock underlying a convertible security exceeds the conversion price, the price of the convertible security tends to reflect the value of the underlying common stock. | ||
• | Stocks. Stocks may be volatile — their prices may go up and down dramatically over the shorter term. These price movements may result from factors affecting individual companies, industries, the securities market as a whole or the overall economy. Because the stocks the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down. | ||
• | Derivatives. The use of derivative instruments may involve risks and costs different from, and possibly greater than, the risks and costs associated with investing directly in securities or other traditional investments. The Fund’s use of certain derivatives may in some cases involve forms of financial leverage, which involves risk and may increase the volatility of the Fund’s net asset value. Even a small investment in derivatives can have a disproportionate impact on the Fund. Using derivatives can increase losses and reduce opportunities for gains when market prices, interest rates or currencies, or the derivative instruments themselves, behave in a way not anticipated by the Fund. The other parties to certain derivative contracts present the same types of default or credit risk as issuers of fixed income securities. |
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• | Fixed-Income Securities. The value of fixed-income securities may change daily based on changes in interest rates, and other market conditions and factors. Risks include, without limitation: |
- | market risk: fluctuations in market value | ||
- | interest rate risk: the value of a fixed-income security generally decreases as interest rates rise. This may also be the case for dividend paying stocks. Increases in interest rates may cause the value of your investment to go down. The longer the maturity or duration, the more sensitive the value of a fixed-income security is to fluctuations in interest rates | ||
- | prepayment or call risk: declining interest rates may cause issuers of securities held by the Fund to pay principal earlier than scheduled or to exercise a right to call the securities, forcing the Fund to reinvest in lower yielding securities | ||
- | extension risk: rising interest rates may result in slower than expected principal prepayments, which effectively lengthens the maturity of affected securities, making them more sensitive to interest rate changes | ||
- | default or credit risk: issuers (or guarantors) defaulting on their obligations to pay interest or return principal, being perceived as being less creditworthy or having a credit rating downgraded, or the credit quality or value of any underlying asset declines. The Fund may incur expenses to protect the Fund’s interest in securities experiencing these events. If the Fund invests in securities that are subordinated to other securities, or which represent interests in pools of such subordinated securities, those investments may be disproportionately affected by a default or even a perceived decline in creditworthiness of the issuer. |
• | Foreign Securities. Investments in foreign securities, including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”), involve risks relating to political, social and economic developments abroad, as well as risks resulting from the differences between the regulations to which U.S. and foreign issuer markets are subject. These risks include, without limitation: |
- | different accounting and reporting practices | ||
- | less information available to the public | ||
- | less (or different) regulation of securities markets | ||
- | more complex business negotiations | ||
- | less liquidity | ||
- | more fluctuations in prices | ||
- | delays in settling foreign securities transactions |
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- | higher costs for holding shares (custodial fees) | ||
- | higher transaction costs | ||
- | vulnerability to seizure and taxes | ||
- | political or financial instability and small markets | ||
- | different market trading days |
• | Currency. When the Fund invests in securities denominated in foreign currencies, it is subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for reasons such as changes in interest rates, government intervention or political developments. As a result, the Fund’s investments in foreign currency denominated securities may reduce the returns of the Fund. |
• | Mortgage-Related Securities. Mortgage-related securities in which the Fund may invest represent pools of mortgage loans assembled for sales to investors by various governmental agencies or government-related fluctuation organizations, as well as by private issuers such as commercial banks, savings and loan institutions, mortgage bankers and private mortgage insurance companies. Unlike mortgage-related securities issued or guaranteed by the U.S. government or its agencies and instrumentalities, mortgage-related securities issued by private issuers do not have a government or government-sponsored entity guarantee (but may have other credit enhancement), and may, and frequently do, have less favorable collateral, credit risk or other underwriting characteristics. Real estate markets have been particularly affected by the current financial crisis, which has had an adverse effect on mortgage-related securities. Mortgage-related securities are subject to special risks. The repayment of certain mortgage-related securities depends primarily on the cash collections received from the issuer’s underlying asset portfolio and, in certain cases, the issuer’s ability to issue replacement securities (such as asset-backed commercial paper). As a result, there could be losses to the Fund in the event of credit or market value deterioration in the issuer’s underlying portfolio, mismatches in the timing of the cash flows of the underlying asset interests and the repayment obligations of maturing securities, or the issuer’s inability to issue new or replacement securities. This is also true for other asset-backed securities. Upon the occurrence of certain triggering events or defaults, the investors in a security held by the Fund may become the holders of underlying assets at a time when those assets may be difficult to sell or may be sold only at a loss. The Fund’s investments in mortgage-related securities are also exposed to prepayment or call risk, which is the possibility that mortgage holders will repay their loans early during periods of falling interest rates, requiring the Fund to reinvest in lower-yielding instruments and receive less principal or income than originally was anticipated. Rising interest rates tend to extend the duration of mortgage-related securities, making them more sensitive to changes in interest rates. This is known as extension risk. |
• | Emerging Markets. Investing in the securities of issuers located in or principally doing business in emerging markets bear foreign risks as discussed above. In addition, the risks associated with investing in emerging markets are often greater than investing in developed foreign markets. Specifically, the economic structures in emerging markets countries are less diverse and mature than those in developed countries, and their political systems are less stable. Investments in emerging markets countries may be affected by national policies that restrict foreign investments. Emerging markets countries may have less developed legal structures, and the small size of their securities markets and low trading volumes can make investments illiquid and more volatile than investments in developed countries. As a result, a fund investing in emerging markets countries may be required to establish special custody or other arrangements before investing. |
• | Loans. The Fund may invest in certain commercial loans, including loans generally known as |
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“syndicated bank loans,” by acquiring participations or assignments in such loans. The lack of a liquid secondary market for such securities may have an adverse impact on the value of the securities and a fund’s ability to dispose of particular assignments or participations when necessary to meet redemptions of shares or to meet the fund’s liquidity needs. When purchasing a participation, a fund may be subject to the credit risks of both the borrower and the lender that is selling the participation. When purchasing a loan assignment, a fund acquires direct rights against the borrowers, but only to the extent of those held by the assigning lender. Investment in loans through a direct assignment from the financial institution’s interests with respect to a loan may involve additional risks to a fund. It is also unclear whether loans and other forms of direct indebtedness offer securities law protections against fraud and misrepresentation. In the absence of definitive regulatory guidance, a fund relies on its sub-adviser’s research in an attempt to avoid situations where fraud or misrepresentation could adversely affect the fund. | ||
• | Structured Notes. The Fund may invest in various types of structured instruments, including securities that have demand, tender or put features, or interest rate rest features. Structured instruments may take the form of participation interests or receipts in underlying securities or other assets, and in some cases are backed by a financial institution serving as a liquidity provider. Some of these instruments may have an interest rate swap feature which substitutes a floating or variable interest rate for the fixed interest rate on an underlying security, and some may be asset-backed or mortgage-backed securities. Structured instruments are a type of derivative instrument and the payment and credit qualities of these instruments derive from the assets embedded in the structure from which they are issued. | |
• | High-Yield Debt Securities. High-yield debt securities, or junk bonds, are securities that are rated below “investment grade” or, if unrated, are considered by the sub-adviser to be of equivalent quality. High-yield debt securities range from those for which the prospect for repayment of principal and interest is predominantly speculative to those which are currently in default on principal or interest payments or in bankruptcy. A fund with high-yield debt securities may be more susceptible to credit risk and market risk than a fund that invests only in higher-quality debt securities because these lower-rated debt securities are less secure financially and more sensitive to downturns in the economy. In addition, the secondary market for such securities may not be as liquid as that for more highly rated debt securities. As a result, the Fund’s sub-adviser may find it more difficult to sell these securities or may have to sell them at lower prices. High-yield securities are not generally meant for short-term investing. | |
• | Preferred Stock. Preferred stock represents an interest in a company that generally entitles the holder to receive, in preference to the holders of the company’s common stock, dividends and a fixed share of the proceeds resulting from any liquidation of the company. Preferred stock’s right to dividends and liquidation proceeds is junior to the rights of a company’s debt securities. Preferred stocks may pay fixed or adjustable rates of return. The value of preferred stock may be subject to factors that affect fixed income and equity securities, including changes in interest rates and in a company’s creditworthiness. Shareholders of preferred stock may suffer a loss of value if dividends are not paid. Preferred stock does not generally carry voting rights. | |
• | Warrants and Rights. Warrants and rights may be considered more speculative than certain other types of investments because they do not entitle a holder to the dividends or voting rights for the securities that may be purchased. They do not represent any rights in the assets of the issuing company. Also, the value of a warrant or right does not necessarily change with the value of the underlying securities. A warrant or right ceases to have value if it is not exercised prior to the expiration date. | |
• | Active Trading. The Fund is actively managed and, under appropriate circumstances, may purchase and sell securities without regard to the length of time held. A high portfolio turnover rate |
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may increase transaction costs and generate a high level of taxable short-term capital gains, both of which may negatively impact the Fund’s performance. |
(per year ended 12/31)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025713.gif)
Highest: | 11.89 | % | Quarter ended: | 6/30/2003 | ||||||||
Lowest: | (17.71 | )% | Quarter ended: | 12/31/2008 |
(for periods ended 12/31/2008)(1)
Life of | ||||||||||||
Transamerica Convertible Securities | 1 Year | 5 Years | Fund(2) | |||||||||
Class A | ||||||||||||
Return before taxes | (39.09 | )% | (1.37 | )% | 1.70 | % | ||||||
Return after taxes on distributions(3) | (39.45 | )% | (3.33 | )% | (0.07 | )% | ||||||
Return after taxes on distributions and sale of fund shares(3) | (25.36 | )% | (1.45 | )% | 1.05 | % | ||||||
Class B (Return before Taxes Only) | (39.54 | )% | (1.21 | )% | 1.75 | % | ||||||
Class C (Return before Taxes Only) | (37.00 | )% | (1.11 | )% | 2.94 | % | ||||||
Class I (Return before Taxes Only) | (35.62 | )% | N/A | (4.48 | )% | |||||||
Merrill Lynch All U.S. Convertibles Index(4) | (35.74 | )% | (3.44 | )% | (0.29 | )% |
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(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. After-tax returns are presented for only one class and returns for other classes will vary. | |
(2) | Class A and Class B commenced operations on March 1, 2002. Class C commenced operations on November 11, 2002. Class I commenced operations on November 15, 2005. | |
(3) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(4) | The Merrill Lynch All U.S. Convertibles Index is a widely recognized, unmanaged index of market performance that is a market capitalization-weighted index of domestic corporate convertible securities that are convertible to common stock only. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
(per year ended 12/31)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g2025714.gif)
Highest: | 5.43 | % | Quarter ended: | 9/30/2002 | ||||||||
Lowest: | (12.66 | )% | Quarter ended: | 12/31/2008 |
(for periods ended 12/31/2008)(1)
10 Years or Life of | ||||||||||||
Transamerica Flexible Income | 1 Year | 5 Years | Fund(2) | |||||||||
Class A | ||||||||||||
Return before taxes | (22.66 | )% | (2.70 | )% | 1.41 | % | ||||||
Return after taxes on distributions(3) | (24.20 | )% | (4.49 | )% | (0.52 | )% | ||||||
Return after taxes on distributions and sale of fund shares(3) | (14.59 | )% | (3.09 | )% | 0.16 | % | ||||||
Class B (Return before Taxes Only) | (23.18 | )% | (2.58 | )% | 1.36 | % | ||||||
Class C (Return before Taxes Only) | (20.07 | )% | (2.41 | )% | (0.99 | )% | ||||||
Class I (Return before Taxes Only) | (18.34 | )% | N/A | (2.62 | )% | |||||||
Barclays Capital U.S. Aggregate Index(4) | 5.24 | % | 4.65 | % | 5.63 | % | ||||||
Barclays Capital U.S. Government/Credit Bond Index(5) | 5.70 | % | 4.64 | % | 5.64 | % |
(1) | Actual after-tax returns may depend on the investor’s individual tax situation and may differ from those shown. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account. After-tax returns are presented for only one class and returns for other classes will vary. |
112
(2) | Class A commenced operations on June 29, 1987. Class B commenced operations on October 1, 1995. Class C commenced operations on November 11, 2002. Class I commenced operations on November 8, 2004. | |
(3) | The after-tax returns are calculated using the historic highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |
(4) | The Barclays Capital U.S. Aggregate Index (formerly, Lehman Brothers U.S. Aggregate Index) is a broad-based market index that covers the U.S. dollar-denominated, investment-grade, fixed-rate, taxable bond market of SEC-registered securities, including U.S. Treasury issues, corporate and government-related debt issues, mortgage-backed securities, asset-backed securities and commercial mortgage-backed securities. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. | |
(5) | The Barclays Capital U.S. Government/Credit Bond Index (formerly, Lehman Brothers U.S. Government/Credit Bond Index), is a broad-based, unmanaged index of all government and corporate bonds that are investment grade with at least one year to maturity. This index served as the Fund’s benchmark prior to January 1, 2009, at which time it was replaced with the BCUSA Index. This benchmark index change was made to more accurately reflect the principal strategies and policies of the Fund. The index does not reflect any commissions, fees or taxes which would be incurred by an investor purchasing the securities it represents. |
Combined | ||||||||||||||||||||||||
Transamerica | ||||||||||||||||||||||||
Transamerica | Transamerica | Transamerica | Transamerica | Transamerica | Flexible | |||||||||||||||||||
Convertible | Flexible | Flexible Income | Convertible | Flexible | Income | |||||||||||||||||||
Securities | Income | (Pro Forma) | Securities | Income | (Pro Forma) | |||||||||||||||||||
Class A | Class A | Class A | Class B | Class B | Class B | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 4.75 | % | 4.75 | % | 4.75 | % | N/A | N/A | N/A | |||||||||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | N/A | (a) | N/A | (a) | N/A | (a) | 5.00 | %(b) | 5.00 | %(b) | 5.00 | %(b) | ||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(c) | �� | |||||||||||||||||||||||
Management Fees | 0.75 | % | 0.71 | % | 0.71 | % | 0.75 | % | 0.71 | % | 0.71 | % | ||||||||||||
Rule 12b-1 Fees | 0.35 | % | 0.35 | % | 0.35 | % | 1.00 | % | 1.00 | % | 1.00 | % | ||||||||||||
Other Expenses | 0.30 | % | 0.36 | % | 0.33 | % | 0.33 | % | 0.40 | % | 0.37 | % | ||||||||||||
Total | 1.40 | % | 1.42 | % | 1.39 | % | 2.08 | % | 2.11 | % | 2.08 | % | ||||||||||||
Expense Reduction | 0.00 | %(d) | 0.00 | %(e) | 0.00 | %(f) | 0.00 | %(d) | 0.00 | %(e) | 0.00 | %(f) | ||||||||||||
Net Operating Expenses | 1.40 | % | 1.42 | % | 1.39 | % | 2.08 | % | 2.11 | % | 2.08 | % |
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Combined | ||||||||||||||||||||||||
Combined | Transamerica | |||||||||||||||||||||||
Transamerica | Transamerica | Transamerica | Transamerica | Flexible | ||||||||||||||||||||
Convertible | Transamerica | Flexible Income | Convertible | Flexible | Income | |||||||||||||||||||
Securities | Flexible Income | (Pro Forma) | Securities | Income | (Pro Forma) | |||||||||||||||||||
Class C | Class C | Class C | Class I | Class I | Class I | |||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Maximum deferred sales charge (load) (as a % of purchase price or redemption proceeds, whichever is lower) | 1.00 | %(g) | 1.00 | %(g) | 1.00 | %(g) | N/A | N/A | N/A | |||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)(c) | ||||||||||||||||||||||||
Management Fees | 0.75 | % | 0.71 | % | 0.71 | % | 0.75 | % | 0.71 | % | 0.71 | % | ||||||||||||
Rule 12b-1 Fees | 1.00 | % | 1.00 | % | 1.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | ||||||||||||
Other Expenses | 0.23 | % | 0.30 | % | 0.25 | % | 0.10 | % | 0.09 | % | 0.08 | % | ||||||||||||
Total | 1.98 | % | 2.01 | % | 1.96 | % | 0.85 | % | 0.80 | % | 0.79 | % | ||||||||||||
Expense Reduction | 0.00 | %(d) | 0.00 | %(e) | 0.00 | %(f) | 0.00 | %(d) | 0.00 | %(e) | 0.00 | %(f) | ||||||||||||
Net Operating Expenses | 1.98 | % | 2.01 | % | 1.96 | % | 0.85 | % | 0.80 | % | 0.79 | % |
(a) | Certain purchases of Class A shares in amounts of $1 million or more are subject to a 1% contingent deferred sales charge (“CDSC”) for 24 months after purchase. | |
(b) | Purchases of Class B shares are subject to declining CDSC if redeemed during the first 5 years of purchase (5%-1st year; 4%-2nd year; 3%-3rd year; 2%-4th year; 1%-5th year; 0%-6th year and later). | |
(c) | Annual fund operating expenses are based on each Fund’s expenses for the twelve-month period ended April 30, 2009. | |
(d) | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.35%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.35%, excluding 12b-1 fees and extraordinary expenses. | |
(e) | Contractual arrangements have been made with TAM, through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the Fund’s total expenses exceed 1.50%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.50%, excluding 12b-1 fees and extraordinary expenses. | |
(f) | Contractual arrangements have been made with TAM, through March 1, 2011, to waive fees and/or reimburse Fund expenses to the extent that the Fund’s total expenses exceed 1.50%, excluding 12b-1 fees and extraordinary expenses. TAM is entitled to reimbursement by the Fund of fees waived or expenses reduced during any of the previous 36 months beginning on the date of the expense limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.50%, excluding 12b-1 fees and extraordinary expenses. | |
(g) | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
• | you invest $10,000 in each Fund; | ||
• | you reinvest all dividends and distributions without a sales charge; | ||
• | your investment has a 5% annual return (this assumption is required by the SEC and is not a prediction of the Fund’s future performance); and | ||
• | each Fund’s operating expenses remain the same. |
Transamerica | Combined Transamerica | |||||||||||
Number of years | Convertible | Transamerica | Flexible Income | |||||||||
you own your shares | Securities | Flexible Income | (Pro Forma) | |||||||||
Class A | ||||||||||||
Year 1 | $ | 611 | $ | 613 | $ | 610 | ||||||
Year 3 | $ | 897 | $ | 903 | $ | 894 | ||||||
Year 5 | $ | 1,204 | $ | 1,214 | $ | 1,199 | ||||||
Year 10 | $ | 2,075 | $ | 2,096 | $ | 2,064 | ||||||
Class B* | ||||||||||||
Year 1 | $ | 711 | $ | 714 | $ | 711 | ||||||
Year 3 | $ | 952 | $ | 961 | $ | 952 | ||||||
Year 5 | $ | 1,219 | $ | 1,234 | $ | 1,219 | ||||||
Year 10 | $ | 2,237 | $ | 2,266 | $ | 2,237 | ||||||
Class C | ||||||||||||
Year 1 | $ | 301 | $ | 304 | $ | 299 | ||||||
Year 3 | $ | 621 | $ | 630 | $ | 615 | ||||||
Year 5 | $ | 1,068 | $ | 1,083 | $ | 1,057 | ||||||
Year 10 | $ | 2,306 | $ | 2,338 | $ | 2,285 | ||||||
Class I | ||||||||||||
Year 1 | $ | 87 | $ | 82 | $ | 81 | ||||||
Year 3 | $ | 271 | $ | 255 | $ | 252 | ||||||
Year 5 | $ | 471 | $ | 444 | $ | 439 | ||||||
Year 10 | $ | 1,049 | $ | 990 | $ | 978 |
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Transamerica | Combined Transamerica | |||||||||||
Number of years | Convertible | Transamerica | Flexible Income | |||||||||
you own your shares | Securities | Flexible Income | (Pro Forma) | |||||||||
Class B* | ||||||||||||
Year 1 | $ | 211 | $ | 214 | $ | 211 | ||||||
Year 3 | $ | 652 | $ | 661 | $ | 652 | ||||||
Year 5 | $ | 1,119 | $ | 1,134 | $ | 1,119 | ||||||
Year 10 | $ | 2,237 | $ | 2,266 | $ | 2,234 | ||||||
Class C | ||||||||||||
Year 1 | $ | 201 | $ | 204 | $ | 199 | ||||||
Year 3 | $ | 621 | $ | 630 | $ | 615 | ||||||
Year 5 | $ | 1,068 | $ | 1,083 | $ | 1,057 | ||||||
Year 10 | $ | 2,306 | $ | 2,338 | $ | 2,285 |
* | Examples for Class B shares assume conversion to Class A shares 8 years after purchase. |
• | The Board Members considered that the Reorganization presents an opportunity for the shareholders of the Target Fund to become investors in a combined fund that has a larger asset size without the obligation to pay commissions or other transaction costs that a fund normally incurs when purchasing securities. The Board Members considered TAM’s belief that this opportunity may give the combined Destination Fund the ability to diversify further its holdings and effect larger portfolio trading transactions, for the benefit of shareholders. |
• | The Board Members considered that the Reorganization could eliminate any confusion in the marketplace caused by having two funds with similar investment mandates and enhance the potential for the combined Destination Fund to achieve growth in assets. The Board Members noted that TAM believes that the combined Destination Fund may be better positioned to attract assets than the Target Fund, and that the larger size of the combined Destination Fund may offer the potential for greater economies of scale by enabling the combined Destination Fund to obtain better net prices on securities trades and by reducing per share expenses as fixed expenses are shared over a larger asset base. |
• | The Board Members considered that the Reorganization could eliminate certain redundancies and inefficiencies in the Transamerica fund complex product line offerings, which could strengthen TAM’s ability to pursue investment and marketing opportunities on behalf of the Transamerica funds. The Board Members also considered that the Reorganization is one of a number of reorganizations and other initiatives recently approved by the Board Members of the Transamerica funds. The Board Members noted that the initiatives are designed to streamline the Transamerica fund complex, to promote operating efficiencies, and to result in a more cohesive fund platform. |
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• | The Board Members considered that the pro forma gross expense ratio of the combined Destination Fund is expected to be lower for Class I shares of the combined Destination Fund as compared to the corresponding class of the Target Fund. The Board Members also considered that the pro forma gross expense ratios of the combined Destination Fund are expected to be higher for Class A shares, Class B shares and Class C shares of the combined Destination Fund as compared to the corresponding classes of the Target Fund. The Board Members considered that TAM has contractually undertaken through March 1, 2011 to waive fees and/or reimburse expenses on behalf of the Destination Fund, to the extent that the total operating expenses of Class A, Class B, Class C or Class I of the Destination Fund exceed certain operating expense levels. |
• | The Board Members considered that, given the anticipated costs and benefits of the Reorganization, the expenses associated with the preparation, printing and mailing of any shareholder communications, including this Information Statement/Prospectus, and any regulatory filings in connection with the Reorganization, would be shared by TAM, and, subject to certain limits, the Target Fund and the Destination Fund. |
• | The Board Members noted that the performance of the Destination Fund was higher than the Target Fund’s performance for the 1-, 3- and 5-year periods ended February 28, 2009. |
• | The Board Members considered the expected tax-free nature of the Reorganization for U.S. federal income tax purposes. |
• | The Board Members considered the investment objectives and policies of the Destination Fund and their compatibility with those of the Target Fund. |
• | The Board Members considered that TAM is the adviser and TIM is the sub-adviser to the Target Fund and the Destination Fund. |
• | The Board Members considered the terms and conditions of the Agreement and Plan of Reorganization. |
• | The Board Members considered that the portfolio managers of the combined Destination Fund may conclude that a significant number of holdings of the Target Fund may not be consistent with the combined Destination Fund’s long-term investment strategy, and may dispose of such positions, but that TAM represented that portfolio transition should not have a material adverse effect on the Funds and their shareholders. |
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Transamerica | Transamerica Flexible | Pro Forma | ||||||||||||||
Convertible | Transamerica | Income Pro Forma | Transamerica Flexible | |||||||||||||
Securities | Flexible Income | Adjustments | Income | |||||||||||||
Net Assets (000’s) | ||||||||||||||||
Class A | $ | 12,061 | $ | 18,549 | $ | 30,610 | ||||||||||
Class B | $ | 2,427 | $ | 7,998 | $ | 10,425 | ||||||||||
Class C | $ | 5,844 | $ | 8,710 | $ | 14,555 | ||||||||||
Class I | $ | 49,490 | $ | 119,879 | $ | 169,369 | ||||||||||
Net Asset Value Per Share | ||||||||||||||||
Class A | $ | 8.10 | $ | 8.02 | $ | (8.10 | ) | $ | 8.02 | |||||||
Class B | $ | 8.04 | $ | 8.02 | $ | (8.04 | ) | $ | 8.02 | |||||||
Class C | $ | 8.00 | $ | 8.00 | $ | (8.00 | ) | $ | 8.00 | |||||||
Class I | $ | 8.11 | $ | 8.05 | $ | (8.11 | ) | $ | 8.05 | |||||||
Shares Outstanding (000’s) | ||||||||||||||||
Class A | 1,489 | 2,313 | 16 | 3,818 | ||||||||||||
Class B | 302 | 997 | 1 | 1,300 | ||||||||||||
Class C | 730 | 1,089 | 1,819 | |||||||||||||
Class I | 6,102 | 14,891 | 45 | 21,038 |
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CONCERNING THE REORGANIZATIONS
Fund | Expiring in 2009 | Expiring in 2010 | Expiring in 2011 | Expiring in 2012 | Expiring in 2013 | Expiring in 2014 | Expiring in 2015 | Expiring in 2016 | Total | |||||||||||||||||||||||||||
Transamerica Premier Balanced Fund | — | — | — | — | — | — | — | — | $ | 0 | ||||||||||||||||||||||||||
Transamerica Value Balanced | — | — | — | — | — | — | — | $ | 3,593,664 | $ | 3,593,664 | |||||||||||||||||||||||||
Transamerica Premier Diversified Equity Fund | — | — | — | — | — | — | — | — | $ | 0 | ||||||||||||||||||||||||||
Transamerica Premier Institutional Diversified Equity Fund | — | — | — | — | — | — | — | — | $ | 0 | ||||||||||||||||||||||||||
Transamerica Science & Technology | — | — | — | — | — | — | — | $ | 503,939 | $ | 503,939 | |||||||||||||||||||||||||
Transamerica Templeton Global | $ | 33,613,381 | $ | 205,202,944 | $ | 57,944,467 | — | — | — | — | — | $ | 296,760,792 | |||||||||||||||||||||||
Transamerica Premier Equity Fund | — | — | — | — | — | — | — | $ | 72,430,260 | $ | 72,430,260 | |||||||||||||||||||||||||
Transamerica Premier Institutional Equity Fund | — | — | — | — | — | — | — | $ | 8,387,271 | $ | 8,387,271 | |||||||||||||||||||||||||
Transamerica Premier Focus Fund | — | — | — | — | — | — | — | $ | 2,363,260 | $ | 2,363,260 | |||||||||||||||||||||||||
Transamerica Premier Growth Opportunities Fund | — | — | — | — | — | — | — | $ | 11,348,518 | $ | 11,348,518 | |||||||||||||||||||||||||
Transamerica Convertible Securities | — | — | — | — | — | — | — | $ | 17,337,782 | $ | 17,337,782 | |||||||||||||||||||||||||
As of December 31, 2008, the Destination Funds had the following unused capital loss carryforwards: | ||||||||||||||||||||||||||||||||||||
Expiring in | Expiring in | Expiring in | Expiring | Expiring | Expiring in | Expiring in | Expiring in | |||||||||||||||||||||||||||||
Fund | 2009 | 2010 | 2011 | in 2012 | in 2013 | 2014 | 2015 | 2016 | Total | |||||||||||||||||||||||||||
Transamerica Growth Opportunities | $ | 99,198,407 | $ | 4,618,369 | $ | 7,347,066 | — | — | — | — | $ | 20,294,858 | $ | 131,458,700 | ||||||||||||||||||||||
Transamerica Balanced | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Transamerica Flexible Income | — | — | — | — | $ | 890,475 | $ | 5,058,097 | $ | 6,945,572 | $ | 34,692,321 | $ | 47,586,465 | ||||||||||||||||||||||
Transamerica Equity | $ | 308,383,637 | $ | 94,611,945 | — | — | — | — | — | $ | 52,412,955 | $ | 455,408,537 | |||||||||||||||||||||||
Transamerica High Yield Bond | — | — | $ | 1,545,596 | — | — | — | — | $ | 9,181,271 | $ | 10,726,867 | ||||||||||||||||||||||||
Transamerica Focus | — | — | — | — | — | — | — | $ | 2,253,582 | $ | 2,253,582 |
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Fund | Amount | |||
Transamerica Value Balanced | $ | 1,232,566 | ||
Transamerica Premier Diversified Equity Fund | $ | 11,187,177 | ||
Transamerica Premier Institutional Diversified Equity Fund | $ | 88,223 | ||
Transamerica Science & Technology | $ | 2,828,849 | ||
Transamerica Templeton Global | $ | 4,481,780 | ||
Transamerica Premier Equity Fund | $ | 20,273,883 | ||
Transamerica Premier Institutional Equity Fund | $ | 3,729,888 | ||
Transamerica Premier Focus Fund | $ | 2,816,811 | ||
Transamerica Premier Growth Opportunities Fund | $ | 4,117,711 | ||
Transamerica Convertible Securities | $ | 3,128,032 | ||
Transamerica Balanced | $ | 4,278,756 |
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• | Each Target Fund will transfer all of its property and assets to the corresponding Destination Fund. In exchange, each Destination Fund will assume all of the liabilities of the corresponding Target Fund and issue shares, as described below. |
• | The consummation of a particular Reorganization is not contingent on the consummation of any other Reorganization. The Reorganizations are grouped and described together for convenience. |
• | For each Reorganization involving a Target Fund that is a Transamerica Premier Fund, the Destination Fund will issue a number of its Class I shares or Class P shares to the Target Fund on the Closing Date having a net asset value equal to the aggregate net asset value of such Target Fund’s Institutional Class shares or Investor Class shares, respectively. |
• | For each Reorganization involving a Target Fund that is a Transamerica Fund, the Destination Fund will issue a number of its Class A shares, Class B shares, Class C shares and -as applicable- Class I shares on the Closing Date having a net asset value equal to the aggregate net asset value of such Target Fund’s Class A shares, Class B shares, Class C shares and -as applicable- Class I shares, respectively. |
• | Shares of the corresponding class of each Destination Fund will then be distributed on the Closing Date to the corresponding Target Fund’s shareholders in complete liquidation of the Target Fund in proportion to the relative net asset value of their holdings of the applicable class of shares of the Target Fund. Therefore, on the Closing Date, upon completion of the applicable Reorganization, each Target Fund shareholder will hold shares of the corresponding class of the corresponding Destination Fund with the same aggregate net asset value as their holdings of the applicable class of shares of the Target Fund immediately prior to the Reorganization. The net asset value attributable to a class of shares of a Target Fund will be determined using the Target Fund’s valuation policies and procedures and the net asset value attributable to a class of shares of a Destination Fund will be determined using the Destination Fund’s valuation policies and procedures. The portfolio assets of each Target Fund and corresponding Destination Fund are valued using the same valuation policies and procedures. |
• | Each Target Fund will then be terminated after the Closing Date. |
• | No sales load, contingent deferred sales charge, commission, redemption fee or other transactional fee will be charged as a result of the Reorganizations. |
• | Following the Reorganizations, TAM will continue to act as investment adviser to each Destination Fund and TIM will serve as sub-adviser to each Destination Fund. In the case of Transamerica Legg Mason Partners All Cap — to be renamed Transamerica Focus — it is proposed that the sub-adviser be changed from ClearBridge to TIM; shareholder approval of this proposal is the subject of a separate proxy solicitation of shareholders of Transamerica Legg Mason Partners All Cap. In addition, following the Reorganization of Transamerica Templeton Global into Transamerica Diversified Equity, Templeton will not sub-advise the combined Destination Fund. |
• | The exchange of Target Fund shares for Destination Fund shares in a Reorganization will not result in income, gain or loss being recognized for federal income tax purposes by an exchanging shareholder. The |
120
• | The transfer of all of the applicable Target Fund’s assets to the Destination Fund in exchange solely for the issuance of the Destination Fund shares to the Target Fund and the assumption of the Target Fund’s liabilities by the Destination Fund, followed by the distribution of the Destination Fund shares to the Target Fund shareholders in complete liquidation of the Target Fund, will constitute a “reorganization” within the |
121
meaning of Section 368(a) of the Code, and each of the Funds will be a “party to a reorganization” within the meaning of Section 368(b) of the Code; | ||
• | No gain or loss will be recognized by the applicable Destination Fund upon receipt of the assets of the corresponding Target Fund and the assumption by such Destination Fund of all of the liabilities of the Target Fund; | |
• | The tax basis of the assets of the applicable Target Fund in the hands of the corresponding Destination Fund will be the same as the tax basis of such assets in the hands of the Target Fund immediately before the transfer of the assets, increased by the amount of gain (or decreased by the amount of loss), if any, recognized by the Target Fund upon the transfer; | |
• | The holding period of each asset of the applicable Target Fund in the hands of the corresponding Destination Fund will include the period during which the asset was held by the Target Fund (except where investment activities of the Destination Fund have the effect of reducing or eliminating the holding period with respect to an asset); | |
• | No gain or loss will be recognized by the applicable Target Fund upon the transfer of its assets to the corresponding Destination Fund in exchange for the Destination Fund shares and the assumption by such Destination Fund of all of the liabilities of the Target Fund, or upon the distribution of the Destination Fund shares by the Target Fund to its shareholders in complete liquidation, except for (1) any gain or loss that may be recognized with respect to contracts subject to Section 1256 of the Code, (2) any gain that may be recognized on the transfer of stock in a “passive foreign investment company” as defined in Section 1297(a) of the Code, or (3) (except in the case of Transamerica Premier Diversified Equity Fund) any other gain or loss that may be required to be recognized as a result of the closing of the Target Fund’s taxable year or upon transfer of an asset regardless of whether the transfer would otherwise be a non-taxable transaction under the Code; | |
• | No gain or loss will be recognized by the applicable Target Fund shareholders upon the exchange of their Target Fund shares solely for the shares of the corresponding Destination Fund as part of the Reorganization; | |
• | The aggregate tax basis of the applicable Destination Fund shares received by each shareholder of the corresponding Target Fund in connection with the Reorganization will be the same as the aggregate tax basis of the shares of the Target Fund surrendered in exchange therefor; and | |
• | The holding period of applicable Destination Fund shares received by a Target Fund shareholder will include the holding period of the shares of the Target Fund that were surrendered in exchange therefor, provided that the shareholder held the Target Fund shares as capital assets on the date of the exchange. |
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Distribution amount | |||||
Fund | (per share) | ||||
Transamerica Premier Balanced Fund | $ | 0.36908 | |||
Transamerica Value Balanced | $ | 0.27387 | |||
Transamerica Premier Diversified Equity Fund | $ | 0.04915 | |||
Transamerica Premier Institutional Diversified Equity Fund | $ | 0.02980 | |||
Transamerica Science & Technology | $ | 0 | |||
Transamerica Templeton Global | $ | 0.28995 | |||
Transamerica Premier Equity Fund | $ | 0.09303 | |||
Transamerica Premier Institutional Equity Fund | $ | 0.06598 | |||
Transamerica Premier Focus Fund | $ | 0 | |||
Transamerica Premier Growth Opportunities Fund | $ | 0 | |||
Transamerica Convertible Securities | $ | 0.33226 |
Transamerica Funds | ||||
Transamerica Premier Funds | (Includes Certain Target Funds and the | |||
(Includes Target Funds Only) | Destination Funds) | |||
Borrowing | Each Transamerica Premier Fund may not borrow money, except as permitted under the 1940 Act, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. | Each Transamerica Fund may not borrow money, except as permitted under the 1940 Act, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. | ||
Senior Securities | Each Transamerica Premier Fund may not issue any senior security, except as permitted under the 1940 | Each Transamerica Fund may not issue any senior security, except as permitted under the 1940 Act, |
123
Transamerica Funds | ||||
Transamerica Premier Funds | (Includes Certain Target Funds and the | |||
(Includes Target Funds Only) | Destination Funds) | |||
Act, and as interpreted, modified or otherwise interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. | and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. | |||
Underwriting | Each Transamerica Premier Fund may not act as an underwriter of securities, within the meaning of the Securities Act of 1933, as amended (the “Securities Act”) except as permitted under the Securities Act and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. Among other things, to the extent that a Transamerica Premier Fund may be deemed to be an underwriter within the meaning of the Securities Act, each Transamerica Premier Fund may act as an underwriter of securities in connection with the purchase and sale of its portfolio securities in the ordinary course of pursuing its investment objective, investment policies and investment program. | Each Transamerica Fund may not act as an underwriter of securities within the meaning of the Securities Act, except as permitted under the Securities Act, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. Among other things, to the extent that a Transamerica Fund may be deemed to be an underwriter within the meaning of the Securities Act, each Transamerica Fund may act as an underwriter of securities in connection with the purchase and sale of its portfolio securities in the ordinary course of pursuing its investment objective, investment policies and investment program. | ||
Real Estate | Each Transamerica Premier Fund may not purchase or sell real estate or any interests therein, except as permitted under the 1940 Act, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. Notwithstanding this limitation, a Transamerica Premier Fund may, among other things, (i) acquire or lease office space for its own use, (ii) invest in securities of issuers that invest in real estate or interests therein, (iii) invest in mortgage-related securities and other securities that are secured by real estate or interests therein, or (iv) hold and sell real estate acquired by the portfolio as a result of the ownership of securities. | Each Transamerica Fund may not purchase or sell real estate or any interests therein, except as permitted under the 1940 Act, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. Notwithstanding this limitation, a Transamerica Fund may, among other things, (i) acquire or lease office space for its own use; (ii) invest in securities of issuers that invest in real estate or interests therein; (iii) invest in mortgage-related securities and other securities that are secured by real estate or interests therein; or (iv) hold and sell real estate acquired by the fund as a result of the ownership of securities. | ||
Lending | Each Transamerica Premier Fund may make loans only as permitted under the 1940 Act, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. | Each Transamerica Fund may not make loans, except as permitted under the 1940 Act, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. | ||
Concentration | Each Transamerica Premier Fund may not “concentrate” its investments in a particular industry or group of industries, except as permitted under the 1940 Act, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time, provided that, without limiting the generality of the foregoing, this limitation will not apply to securities issued or guaranteed as to principal and/or interest by the U.S. government, its agencies or instrumentalities. | Each Transamerica Fund may not “concentrate” its investments in a particular industry or group of industries, except as permitted under the 1940 Act, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction from time to time, provided that, without limiting the generality of the foregoing, this limitation will not apply to securities issued or guaranteed as to principal and/or interest by the U.S. government, its agencies or instrumentalities. | ||
Commodities | Each Transamerica Premier Fund may not purchase physical commodities or contracts relating to physical commodities, except as permitted under the 1940 Act, and as interpreted or otherwise permitted by regulatory authority having jurisdiction, from time to time. | Each Transamerica Fund may not purchase physical commodities or contracts relating to physical commodities, except as permitted under the 1940 Act, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
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Transamerica Funds | ||||
Transamerica Premier Funds | (Includes Certain Target Funds and the | |||
(Includes Target Funds Only) | Destination Funds) | |||
Diversification | Transamerica Premier Funds Except Transamerica Premier Focus Fund No stated policy. Each Transamerica Premier Fund is currently classified as a diversified fund under the 1940 Act. This means that each such Transamerica Premier Fund may not purchase securities of any one issuer (other than cash, cash items, securities issued or guaranteed by the U.S. government, its agencies or instrumentalities or any certificate of deposit thereof, and securities of other investment companies) if, as a result, with respect to 75% of the value of its total assets, (a) more than 5% of the value of each Transamerica Premier Fund’s total assets would be invested in securities of that issuer, or (b) each Transamerica Premier Fund would hold more than 10% of the outstanding voting securities of that issuer. The 1940 Act requires any change from diversified to non-diversified status of a fund to be approved in advance by fund shareholders. | Transamerica Funds Except Transamerica Legg Mason Partners All Cap and Transamerica Science & Technology Each Destination Fund shall be a “diversified company” as that term is defined in the 1940 Act and as interpreted or modified by regulatory authority having jurisdiction, from time to time. Transamerica Legg Mason Partners All Cap and Transamerica Science & Technology Transamerica Legg Mason Partners All Cap and Transamerica Science & Technology are each currently a “non-diversified company” as that term is defined in the 1940 Act. | ||
Transamerica Premier Focus Fund | ||||
Transamerica Premier Focus Fund currently operates as a non-diversified fund, but reserves the right to become a diversified fund as defined in the 1940 Act. |
Transamerica Funds | ||||
Transamerica Premier Funds | (Includes Certain Target Funds and the | |||
(Includes Target Funds Only) | Destination Funds) | |||
Buying Shares | Purchase requests initiated through an automated service that exceed $50,000 per day are not permitted and must be submitted in writing. Fund shares may be purchased by check, by Automatic Investment Plan, by telephone, through an authorized dealer, by the internet, by payroll deduction and by wire transfer. If your check, draft or electronic transfer is returned unpaid by your bank, you will be charged a fee of $20 for each item that has been returned. Transamerica Premier Funds reserves the right to terminate your electronic draft privileges if the drafts are returned unpaid by your bank. Transamerica Premier Funds or its agents may reject a request for purchase of shares at any time, in whole or in part, including any purchase under the exchange privilege. | Investors may purchase shares of the Funds at the “offering price” of the shares, which is the net asset value per share plus any applicable initial sales charge. Purchase requests initiated through an automated service that exceed $50,000 per day are not permitted and must be submitted in writing. Fund shares may be purchased by check, by Automatic Investment Plan, by telephone, through an authorized dealer, by the internet, by payroll deduction and by wire transfer. Class I shares of the Funds are currently primarily offered for investment in certain affiliated funds of funds (also referred to as “strategic asset allocation funds”). Shares of the Funds are also made available to other investors, including institutional investors such as foreign insurers, domestic insurance companies, and their separate accounts, and eligible |
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Transamerica Funds | ||||
Transamerica Premier Funds | (Includes Certain Target Funds and the | |||
(Includes Target Funds Only) | Destination Funds) | |||
retirement plans whose recordkeepers or financial service firm intermediaries have entered into agreements with Transamerica Funds or its agents. If your check, draft or electronic transfer is returned unpaid by your bank, you will be charged a fee of $20 for each item that has been returned. Transamerica Funds reserves the right to terminate your electronic draft privileges if the drafts are returned unpaid by your bank. Transamerica Funds or its agents may reject a request for purchase of shares at any time, in whole or in part, including any purchase under the exchange privilege and any purchase request that does not include an investment representative or an approved broker-dealer. To the extent authorized by law, Transamerica Funds and each Fund reserves the right to discontinue offering shares at any time or to cease operating entirely. | ||||
Minimum Initial Investment | Investor Class shares: The minimum initial investment (per fund account) must be $1,000 for regular accounts, $250 for IRAs (traditional and Roth) and Coverdell ESAs, $250 for Uniform Gift to Minors (“UGMA”) or Transfer to Minors (“UTMA”) accounts, and $50 for payroll deduction and automatic investment plan accounts. Transamerica Premier Funds reserves the right to change the amount of these minimums from time to time or to waive them in whole or in part. Institutional Class shares: The minimum investment is $250,000. The minimum initial investment may be waived from time to time by Transamerica Premier Funds at its discretion. The minimum initial investment requirements have been waived for wrap programs at broker-dealer firms having applicable selling and wrap agreements with Transamerica Premier Funds and certain qualified retirement plans, excluding IRAs. | Class A, Class B, Class C and Class P shares: The minimum initial investment (per fund account) must be $1,000 for regular accounts, $1,000 for IRAs (traditional and Roth) and Coverdell ESAs, $1,000 for employer-sponsored retirement plans (includes 403(b), SEP and SIMPLE IRA plans), $1,000 for UGMA or UTMA accounts, and $500 for payroll deduction and automatic investment plan accounts. Transamerica Funds reserves the right to change the amount of these minimums from time to time or to waive them in whole or in part. Omnibus accounts maintained on behalf of certain 401(k) and other retirement plans are not subject to these account minimum requirements. The minimums may be waived for certain employer-sponsored retirement plans under which the employee limits his or her salary deferral purchase to one fund account. There are no minimums for “wrap” accounts for the benefit of clients of certain broker-dealers, financial institutions, or financial planners who have entered into arrangements with Transamerica Funds or TCI, and for investments made by a retirement plan described in Section 401(a), 401(k), 401(m), 403(b) or 457 of the Code. Class I shares: No minimum initial investment requirements. | ||
Minimum Subsequent Investment | Investor Class shares: The minimum subsequent investment (per fund account) must be $50 for regular accounts, $50 for IRAs (traditional and Roth) and Coverdell ESAs, $50 for Uniform Gift to Minors (“UGMA”) or Transfer to Minors (“UTMA”) accounts, and $50 (minimum per monthly fund account investment) | Class A, Class B, Class C and Class P shares: The minimum subsequent investment (per fund account) must be $50 for regular accounts, $50 for IRAs (traditional and Roth) and Coverdell ESAs, $50 for employer-sponsored retirement plans (includes 403(b), SEP and SIMPLE IRA plans), $50 for Uniform Gift to Minors (“UGMA”) or Transfer |
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Transamerica Funds | ||||
Transamerica Premier Funds | (Includes Certain Target Funds and the | |||
(Includes Target Funds Only) | Destination Funds) | |||
for payroll deduction and automatic investment plan accounts. The minimum subsequent investment requirements have been waived for wrap programs at broker-dealer firms having applicable selling and wrap agreements with Transamerica Premier Funds and certain qualified retirement plans, excluding IRAs. Institutional Class shares: No minimum subsequent investment requirements. | to Minors (“UTMA”) accounts, and $50 (minimum per monthly fund account investment) for payroll deduction and automatic investment plan accounts. Omnibus accounts maintained on behalf of certain 401(k) and other retirement plans are not subject to these account minimum requirements. The minimums may be waived for certain employer-sponsored retirement plans under which the employee limits his or her salary deferral purchase to one fund account. There are no minimums for “wrap” accounts for the benefit of clients of certain broker-dealers, financial institutions, or financial planners who have entered into arrangements with Transamerica Funds or TCI, and for investments made by a retirement plan described in Section 401(a), 401(k), 401(m), 403(b) or 457 of the Code. Class I shares: No minimum subsequent investment requirements. | |||
Selling shares | Selling shares is also referred to as “redeeming” shares. You can redeem your Fund shares on any day the Funds are open for business. Proceeds from the redemption of your Fund shares will usually be sent within three business days after receipt in good order of your request for redemption (unless you request to receive payment by wire or another option described below). However, Transamerica Premier Funds has the right to take up to seven days to pay your redemption proceeds, and may postpone payment under certain circumstances, as authorized by law. In cases where Fund shares have recently been purchased and the purchase money is not yet available, redemption proceeds will be withheld for 15 calendar days from the date of purchase for funds to clear. Certain exceptions may apply. Fund shares purchased by wire are immediately available and are not subject to the 15 day holding period. Redemption requests greater than $50,000 per day must be submitted in writing. In addition, amounts greater than $50,000 cannot be sent via Automated Clearing House (“ACH”) (check or federal funds wire only). Additionally, requests totaling more than $100,000 must be in writing with an original signature guarantee by all shareholders. The electronic bank link option must be established in advance for payments made electronically to a shareholder’s bank such as ACH or expedited wire redemptions. | Selling shares is also referred to as “redeeming” shares. You can redeem your Fund shares on any day the Funds are open for business. Proceeds from the redemption of your Fund shares will usually be sent within three business days after receipt in good order of your request for redemption (unless you request to receive payment by wire or another option described below). However, Transamerica Funds has the right to take up to seven days to pay your redemption proceeds, and may postpone payment under certain circumstances, as authorized by law. In cases where Fund shares have recently been purchased and the purchase money is not yet available, redemption proceeds will be withheld for 15 calendar days from the date of purchase for funds to clear. Certain exceptions may apply. Fund shares purchased by wire are immediately available and are not subject to the 15 day holding period. Redemption requests greater than $50,000 per day must be submitted in writing. In addition, amounts greater than $50,000 cannot be sent via Automated Clearing House (“ACH”) (check or federal funds wire only). Additionally, requests totaling more than $100,000 must be in writing with an original signature guarantee by all shareholders. The electronic bank link option must be established in advance for payments made electronically to a shareholder’s bank such as ACH or expedited wire redemptions. | ||
Exchanging Shares | You may request an exchange in writing, by phone or by accessing your account through the internet. You can exchange shares in one Fund for shares of another fund offered in the same prospectus as a Fund. | You may request an exchange in writing, by phone or by accessing your account through the internet. You can exchange shares in one Fund for shares of another fund offered in the same prospectus as the Fund. |
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Transamerica Funds | ||||
Transamerica Premier Funds | (Includes Certain Target Funds and the | |||
(Includes Target Funds Only) | Destination Funds) | |||
For Investor Class shares, the minimum exchange to a new fund account is $1,000, unless your account is a UGMA, UTMA, or IRA, in which event it is $250. If you want to exchange between existing fund accounts, the required minimum will be $50. An exchange is treated as a redemption of a Fund’s shares, followed by a purchase of the shares of the fund into which you exchanged. Prior to making exchanges into a fund that you do not own, please read that fund’s prospectus carefully. If you exchange all your Fund shares to a new fund, any active systematic plan that you maintain with Transamerica Premier Funds will also carry over to this new fund unless otherwise instructed. Transamerica Premier Funds reserves the right to modify or terminate the exchange privilege at any time upon 60 days written notice. Transamerica Premier Funds reserves the right to deny any request involving transactions between classes of Fund shares. | For Class A, Class B, Class C and Class P shares, the minimum exchange to a new fund account is $1,000. This minimum is reduced to $500 per fund account if you elect to establish an AIP and invest a minimum of $50 per month, per fund account. If you want to exchange between existing fund accounts, the required minimum will be $50 per fund account. An exchange is treated as a redemption of a Fund’s shares, followed by a purchase of the shares of the fund into which you exchanged. Prior to making exchanges into a fund that you do not own, please read that fund’s prospectus carefully. If you exchange all your Fund shares to a new fund, any active systematic plan that you maintain with Transamerica Funds will also carry over to this new fund unless otherwise instructed. Transamerica Funds reserves the right to modify or terminate the exchange privilege at any time upon 60 days written notice. Transamerica Funds reserves the right to deny any request involving transactions between classes of Fund shares. | |||
Net Asset Value | The net asset value of the Funds is determined on each day the New York Stock Exchange (“NYSE”) is open for business. The net asset value of each Fund is calculated by taking the value of its net assets and dividing by the number of shares of the Fund that are then outstanding. In general, securities and other investments are valued based on market prices at the close of regular trading on the NYSE. Fund securities listed or traded on domestic securities exchanges or the NASDAQ/NMS, including dollar-dominated foreign securities or ADRs, are valued at the closing price on the exchange or system where the security is principally traded. | The net asset value of the Funds is determined on each day the NYSE is open for business. The net asset value of each Fund is calculated by taking the value of its net assets and dividing by the number of shares of the Fund that are then outstanding. In general, securities and other investments are valued based on market prices at the close of regular trading on the NYSE. Fund securities listed or traded on domestic securities exchanges or the NASDAQ/NMS, including dollar-dominated foreign securities or ADRs, are valued at the closing price on the exchange or system where the security is principally traded. | ||
Distributions | Each Fund will distribute all or substantially all of its net investment income and net capital gains to its shareholders each year. Although a Fund will not have to pay income tax on amounts it distributes to shareholders, shareholders that are not generally tax-exempt will be taxed on amounts they receive. Shareholders who are not subject to tax on their income, such as qualified retirement accounts and other tax-exempt investors, generally will not be required to pay any tax on distributions. If a Fund declares a dividend in October, November, or December, payable to shareholders of record in such a month, and pays it in January of the following year, shareholders will be taxed on the dividend as if they received it in the year in which it was declared. Each Fund pays its dividend distributions monthly. You normally will be taxed on distributions you receive from a Fund, regardless of whether they are paid to you in cash or are reinvested in additional Fund shares. | Each Fund will distribute all or substantially all of its net investment income and net capital gains to its shareholders each year. Although a Fund will not have to pay income tax on amounts it distributes to shareholders, most shareholders will be taxed on amounts they receive. If a Fund declares a dividend in October, November, or December payable to shareholders of record in such a month, but pays it in the following January, shareholders will be taxed on the dividend as if they received it in the year in which it was declared. Each Fund pays its dividend distributions monthly. If necessary, each Fund may make distributions at other times as well. You normally will be taxed on distributions you receive from a Fund, regardless of whether they are paid to you in cash or are reinvested in additional Fund shares. |
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(1) | employ a new unaffiliated sub-adviser for a fund pursuant to the terms of a new investment sub-advisory agreement, either as a replacement for an existing sub-adviser or as an additional sub-adviser; | ||
(2) | materially change the terms of any sub-advisory agreement; and | ||
(3) | continue the employment of an existing sub-adviser on sub-advisory contract terms where a contract has been assigned because of a change of control of the sub-adviser. |
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– | Make your check payable and send to Transamerica Fund Services, Inc. | ||
– | If you are opening a new account, send your completed application along with your check. | ||
– | If you are purchasing shares in an existing account(s), please reference your account numbers(s) and the Destination Fund(s) you wish to invest in. If you do not specify the Destination Fund(s) in which you wish to invest, and your referenced account is invested in one Fund, your check will be deposited into such Fund. | ||
– | Redemption proceeds will be withheld for 15 calendar days from the date of purchase for funds to clear. Certain exceptions may apply. | ||
– | Transamerica Funds does not accept money orders, traveler’s checks, starter checks, credit card convenience checks or cash. Cashier checks and third-party checks may be accepted, subject to approval by Transamerica Funds. |
– | With an Automatic Investment Plan (“AIP”), a level dollar amount is invested monthly and payment is deducted electronically from your bank account. Due to your bank’s requirements, please allow up to 30 |
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days for your AIP to begin. Investments may be made between the 3rd and 28th of each month only, and will occur on the 15th if no selection is made. Call Customer Service for information on how to establish an AIP or visit the Destination Funds’ website to obtain an AIP request form. |
– | You may request an electronic transfer of funds from your bank account to your account with Transamerica Funds. The electronic bank link option must be established in advance before Automated Clearing House (“ACH”) purchases will be accepted. Call Customer Service or visit the Destination Funds’ website for information on how to establish an electronic bank link. Due to your bank’s requirements, please allow up to 30 days to establish this option. |
– | If your dealer has already established your account for you, no additional documentation is needed. Call your dealer to place your order. Transamerica Funds must receive your payment within three business days after your order is accepted. |
– | You may request an electronic transfer of funds from your bank account to your account with Transamerica Funds. The electronic bank link option must be established in advance before ACH purchases will be accepted. Call Customer Service or visit the Destination Funds’ website for information on how to establish an electronic bank link. |
– | You may have money transferred regularly from your payroll to your account with Transamerica Funds. Call Customer Service to establish this deduction. |
– | You may request that your bank wire funds to your account with Transamerica Funds (note that your bank may charge a fee for such service). You must have an existing account to make a payment by wire transfer. Ask your bank to send your payment to: |
Bank of America, NA, Charlotte, NC, ABA# 026009593, Credit: Transamerica Funds Acct # 3600622064, Ref: Shareholder name, fund and account numbers. |
– | Shares will be purchased at the next determined net asset value after receipt of your wire if you have supplied all other required information. |
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– | You may request an “ACH redemption” in writing, by phone or by internet access to your account. Payment should usually be received by your bank account 2-4 banking days after your request is received in good order. Transamerica Funds does not charge for this payment option. Certain IRAs and qualified retirement plans may not be eligible via the internet. |
– | You may request an expedited wire redemption in writing, or by phone. The electronic bank link must be established in advance. Otherwise, an original signature guarantee will be required. Wire redemptions have a minimum of $1,000 per wire. Payment should be received by your bank account the next banking day after your request is received in good order. Transamerica Funds charges $10 for this service. Your bank may charge a fee as well. |
– | Written Request: Send a letter requesting a withdrawal to Transamerica Funds. Specify the Destination Fund, account number, and dollar amount or number of shares you wish to redeem. Be sure to include all shareholders’ signatures and any additional documents, as well as an original signature guarantee(s) if required. If you are requesting a distribution from an IRA, federal tax withholding of 10% will apply unless you elect otherwise. If you elect to withhold, the minimum tax withholding rate is 10%. | ||
– | Telephone or Internet Request: You may request your redemption by phone or internet. Certain IRAs and qualified retirement plans may not be eligible. |
– | This request must be in writing, regardless of amount, signed by all account owners with an original signature guarantee. |
– | You can establish a Systematic Withdrawal Plan (“SWP”) either at the time you open your account or at a later date. Call Customer Service for information on how to establish a SWP or visit the Destination Funds’ website to obtain the appropriate form to complete. |
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– | You may redeem your Destination Fund shares through an authorized dealer (they may impose a service charge). Contact your Registered Representative or call Customer Service for assistance. |
– | The type of account you have and if there is more than one shareholder. | ||
– | The dollar amount you are requesting; redemptions over $50,000 must be in writing and those redemptions totaling more than $100,000 require a written request with an original signature guarantee for all shareholders on the account. | ||
– | A written request and original signature guarantee may be required if there have been recent changes made to your account (such as an address change) or other such circumstances. For your protection, if an address change was made in the last 10 days, Transamerica Funds requires a redemption request in writing, signed by all account owners with an original signature guarantee. | ||
– | When redeeming all shares from an account with an active AIP, your AIP will automatically be stopped. Please contact Customer Service if you wish to re-activate your AIP. | ||
– | Each Destination Fund reserves the right to refuse a telephone redemption request if it is believed it is advisable to do so. The telephone redemption option may be suspended or terminated at any time without advance notice. | ||
– | Redemption proceeds will be withheld for 15 calendar days from the date of purchase for funds to clear. Certain exceptions may apply. | ||
– | Destination Fund shares will normally be redeemed for cash, although each Destination Fund retains the right to redeem its shares in kind. Please see the statement of additional information of the Destination Funds for more details. | ||
– | If you request that a withdrawal check be delivered overnight, a $20 overnight fee will be charged; for Saturday delivery, a $30 overnight fee will be charged. |
– | You can exchange shares in one fund for shares in the same class of another fund offered in the same prospectus as the Destination Funds. | ||
– | The minimum exchange to a new fund account is $1,000. This minimum is reduced to $500 per fund account if you elect to establish an AIP and invest a minimum of $50 per month, per fund account. If you want to exchange between existing fund accounts, the required minimum will be $50 per fund account. | ||
– | An exchange is treated as a redemption of a Destination Fund’s shares, followed by a purchase of the shares of the fund into which you exchanged. Prior to making exchanges into a fund that you do not own, please read the prospectus of that fund carefully. |
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– | If you exchange all your Destination Fund shares to a new fund, any active systematic plan that you maintain with Transamerica Funds will also carry over to this new fund unless otherwise instructed. | ||
– | Transamerica Funds reserves the right to modify or terminate the exchange privilege at any time upon 60 days’ written notice. | ||
– | Transamerica Funds reserves the right to deny any exchange request involving transactions between classes of shares. Please review your individual circumstances with your financial professional. | ||
– | The minimum exchange amount may be waived with respect to transactions in omnibus accounts maintained on behalf of certain 401(k) and other retirement plans. |
Account Balance (per fund account) | Fee Assessment (per fund account) | |
If your balance is below $1,000 per fund account | $25 annual fee assessed, until balance reaches $1,000 |
– | accounts opened within the preceding 12 months | ||
– | accounts with an active monthly AIP or payroll deduction ($50 minimum per fund account) | ||
– | accounts owned by an individual which, when combined by Social Security Number, have a balance of $5,000 or more |
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– | accounts owned by individuals in the same household (by address) that have a combined balance of $5,000 or more | ||
– | accounts for which Transamerica Funds in its discretion has waived the minimum account balance requirements | ||
– | UTMA/UGMA accounts (held at Transamerica Funds) | ||
– | State Street Custodial Accounts (held at Transamerica Funds) | ||
– | Coverdell ESA accounts (held at Transamerica Funds) | ||
– | Omnibus and Network Level 3 accounts | ||
– | B-share accounts whose shares have started to convert to A-share accounts (as long as combined value of both accounts is at least $1,000) |
– | You request a redemption or distribution transaction totaling more than $100,000 or, in the case of an IRA with a market value in excess of $100,000, you request a custodian to custodian transfer. | ||
– | You would like a check made payable to anyone other than the shareholder(s) of record. | ||
– | You would like a check mailed to an address which has been changed within 10 days of the redemption request. |
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– | You would like a check mailed to an address other than the address of record. | ||
– | You would like your redemption proceeds wired to a bank account other than a bank account of record. | ||
– | You are adding or removing a shareholder from an account. | ||
– | You are changing ownership of an account. | ||
– | When establishing an electronic bank link, if Transamerica Funds account holder’s name does not appear on the check. |
– | It does not appear valid or in good form. | ||
– | The transaction amount exceeds the surety bond limit of the original signature guarantee. | ||
– | The guarantee stamp has been reported as stolen, missing or counterfeit. |
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– | Distributions of net capital gain (i.e., the excess of net long-term capital gain over net short-term capital loss) will be taxed at a maximum rate of 15% (5% for individuals in the 10% and 15% federal tax brackets). | ||
– | Distributions designated by a Destination Fund as “qualified dividend income” will also be taxed at a maximum rate of 15% (5% for individuals in the 10% and 15% federal tax brackets). Qualified dividend income generally is income derived from dividends from U.S. corporations or certain foreign corporations that are either incorporated in a U.S. possession or eligible for tax benefits under certain U.S. income tax treaties. In addition, dividends that a Destination Fund receives in respect of stock of certain foreign corporations will be qualified dividend income if that stock is readily tradable on an established U.S. securities market. | ||
– | Other distributions generally will be taxed at the ordinary income tax rate applicable to the shareholder. |
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Transamerica Balanced | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 16.44 | $ | 25.70 | $ | 22.05 | $ | 19.90 | $ | 18.53 | $ | 17.43 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(a) | 0.16 | 0.28 | 0.17 | 0.12 | 0.15 | 0.14 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.31 | (8.64 | ) | 3.62 | 2.12 | 1.41 | 1.08 | |||||||||||||||||
Total from investment operations | 0.47 | (8.36 | ) | 3.79 | 2.24 | 1.56 | 1.22 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.17 | ) | (0.24 | ) | (0.14 | ) | (0.09 | ) | (0.19 | ) | (0.12 | ) | ||||||||||||
Net realized gains on investments | (1.03 | ) | (0.66 | ) | — | — | — | — | ||||||||||||||||
Total distributions | (1.20 | ) | (0.90 | ) | (0.14 | ) | (0.09 | ) | (0.19 | ) | (0.12 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 15.71 | $ | 16.44 | $ | 25.70 | $ | 22.05 | $ | 19.90 | $ | 18.53 | ||||||||||||
Total return(b) | 3.37 | %(c) | (33.55 | )% | 17.28 | % | 11.27 | % | 8.41 | % | 7.03 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 51,144 | $ | 49,917 | $ | 61,565 | $ | 55,547 | $ | 62,440 | $ | 72,997 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.72 | %(d) | 1.52 | % | 1.56 | % | 1.58 | % | 1.59 | % | 1.70 | % | ||||||||||||
Before reimbursement/fee waiver | 1.72 | %(d) | 1.52 | % | 1.56 | % | 1.58 | % | 1.59 | % | 1.70 | % | ||||||||||||
Net investment income, to average net assets (e) | 2.11 | %(d) | 1.27 | % | 0.73 | % | 0.57 | % | 0.75 | % | 0.76 | % | ||||||||||||
Portfolio turnover rate | 63 | %(c) | 52 | % | 52 | % | 51 | % | 27 | % | 107 | % |
Transamerica Balanced | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 16.37 | $ | 25.58 | $ | 21.98 | $ | 19.88 | $ | 18.47 | $ | 17.39 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(a) | 0.10 | 0.13 | 0.04 | — | (f) | 0.04 | 0.04 | |||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.30 | (8.58 | ) | 3.60 | 2.12 | 1.40 | 1.08 | |||||||||||||||||
Total from investment operations | 0.40 | (8.45 | ) | 3.64 | 2.12 | 1.44 | 1.12 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.11 | ) | (0.10 | ) | (0.04 | ) | (0.02 | ) | (0.03 | ) | (0.04 | ) | ||||||||||||
Net realized gains on investments | (1.03 | ) | (0.66 | ) | — | — | — | — | ||||||||||||||||
Total distributions | (1.14 | ) | (0.76 | ) | (0.04 | ) | (0.02 | ) | (0.03 | ) | (0.04 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 15.63 | $ | 16.37 | $ | 25.58 | $ | 21.98 | $ | 19.88 | $ | 18.47 | ||||||||||||
Total return(b) | 2.92 | %(c) | (33.95 | )% | 16.57 | % | 10.65 | % | 7.80 | % | 6.44 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 22,921 | $ | 32,469 | $ | 96,573 | $ | 118,286 | $ | 142,479 | $ | 170,630 | ||||||||||||
143
Transamerica Balanced | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.45 | %(d) | 2.15 | % | 2.14 | % | 2.15 | % | 2.14 | % | 2.26 | % | ||||||||||||
Before reimbursement/fee waiver | 2.50 | %(d) | 2.15 | % | 2.14 | % | 2.15 | % | 2.14 | % | 2.26 | % | ||||||||||||
Net investment income, to average net assets (e) | 1.39 | %(d) | 0.59 | % | 0.15 | % | 0.01 | % | 0.20 | % | 0.19 | % | ||||||||||||
Portfolio turnover rate | 63 | %(c) | 52 | % | 52 | % | 51 | % | 27 | % | 107 | % |
Transamerica Balanced | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 16.30 | $ | 25.50 | $ | 21.91 | $ | 19.82 | $ | 18.45 | $ | 17.39 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(a) | 0.11 | 0.15 | 0.04 | 0.01 | 0.04 | (0.01 | ) | |||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.32 | (8.56 | ) | 3.59 | 2.10 | 1.41 | 1.11 | |||||||||||||||||
Total from investment operations | 0.43 | (8.41 | ) | 3.63 | 2.11 | 1.45 | 1.10 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.13 | ) | (0.13 | ) | (0.04 | ) | (0.02 | ) | (0.08 | ) | (0.04 | ) | ||||||||||||
Net realized gains on investments | (1.03 | ) | (0.66 | ) | — | — | — | — | ||||||||||||||||
Total distributions | (1.16 | ) | (0.79 | ) | (0.04 | ) | (0.02 | ) | (0.08 | ) | (0.04 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 15.57 | $ | 16.30 | $ | 25.50 | $ | 21.91 | $ | 19.82 | $ | 18.45 | ||||||||||||
Total return(b) | 3.09 | %(c) | (33.92 | )% | 16.61 | % | 10.64 | % | 7.85 | % | 6.33 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 16,077 | $ | 17,719 | $ | 32,569 | $ | 36,750 | $ | 43,276 | $ | 53,990 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.28 | %(d) | 2.08 | % | 2.11 | % | 2.12 | % | 2.13 | % | 2.28 | % | ||||||||||||
Before reimbursement/fee waiver | 2.28 | %(d) | 2.08 | % | 2.11 | % | 2.12 | % | 2.13 | % | 2.28 | % | ||||||||||||
Net investment income (loss), to average net assets(e) | 1.55 | %(d) | 0.69 | % | 0.18 | % | 0.03 | % | 0.21 | % | (0.08 | )% | ||||||||||||
Portfolio turnover rate | 63 | %(c) | 52 | % | 52 | % | 51 | % | 27 | % | 107 | % |
Transamerica Value Balanced | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.91 | $ | 14.38 | $ | 13.30 | $ | 11.95 | $ | 12.11 | $ | 11.49 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(a) | 0.14 | 0.30 | 0.28 | 0.23 | 0.24 | 0.18 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.49 | ) | (4.74 | ) | 1.41 | 1.54 | 0.69 | 0.61 | ||||||||||||||||
Total from investment operations | (0.35 | ) | (4.44 | ) | 1.69 | 1.77 | 0.93 | 0.79 | ||||||||||||||||
144
Transamerica Value Balanced | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.12 | ) | (0.31 | ) | (0.23 | ) | (0.24 | ) | (0.25 | ) | (0.17 | ) | ||||||||||||
Net realized gains on investments | — | (0.72 | ) | (0.38 | ) | (0.18 | ) | (0.84 | ) | — | ||||||||||||||
Total distributions | (0.12 | ) | (1.03 | ) | (0.61 | ) | (0.42 | ) | (1.09 | ) | (0.17 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 8.44 | $ | 8.91 | $ | 14.38 | $ | 13.30 | $ | 11.95 | $ | 12.11 | ||||||||||||
Total return(b) | (3.87 | )%(c) | (32.94 | )% | 13.11 | % | 15.09 | % | 7.79 | % | 6.99 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 16,077 | $ | 18,666 | $ | 32,485 | $ | 32,666 | $ | 32,934 | $ | 37,393 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.55 | %(d) | 1.55 | % | 1.55 | % | 1.55 | % | 1.55 | % | 1.55 | % | ||||||||||||
Before reimbursement/fee waiver | 1.89 | %(d) | 1.56 | % | 1.58 | % | 1.63 | % | 1.59 | % | 1.63 | % | ||||||||||||
Net investment income, to average net assets(e) | 3.19 | %(d) | 2.51 | % | 2.06 | % | 1.84 | % | 2.03 | % | 1.50 | % | ||||||||||||
Portfolio turnover rate | 55 | %(c) | 50 | % | 42 | % | 42 | % | 57 | % | 122 | % |
Transamerica Value Balanced | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.88 | $ | 14.32 | $ | 13.25 | $ | 11.91 | $ | 12.07 | $ | 11.46 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(a) | 0.11 | 0.22 | 0.19 | 0.15 | 0.17 | 0.10 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.49 | ) | (4.72 | ) | 1.41 | 1.53 | 0.68 | 0.61 | ||||||||||||||||
Total from investment operations | (0.38 | ) | (4.50 | ) | 1.60 | 1.68 | 0.85 | 0.71 | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.09 | ) | (0.22 | ) | (0.15 | ) | (0.16 | ) | (0.17 | ) | (0.10 | ) | ||||||||||||
Net realized gains on investments | — | (0.72 | ) | (0.38 | ) | (0.18 | ) | (0.84 | ) | — | ||||||||||||||
Total distributions | (0.09 | ) | (0.94 | ) | (0.53 | ) | (0.34 | ) | (1.01 | ) | (0.10 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 8.41 | $ | 8.88 | $ | 14.32 | $ | 13.25 | $ | 11.91 | $ | 12.07 | ||||||||||||
Total return(b) | (4.20 | )%(c) | (33.37 | )% | 12.40 | % | 14.28 | % | 7.13 | % | 6.23 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 4,592 | $ | 6,414 | $ | 17,508 | $ | 20,405 | $ | 24,072 | $ | 29,409 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.20 | %(d) | 2.20 | % | 2.20 | % | 2.20 | % | 2.20 | % | 2.20 | % | ||||||||||||
Before reimbursement/fee waiver | 2.75 | %(d) | 2.30 | % | 2.27 | % | 2.28 | % | 2.27 | % | 2.30 | % | ||||||||||||
Net investment income, to average net assets(e) | 2.55 | %(d) | 1.83 | % | 1.43 | % | 1.20 | % | 1.39 | % | 0.81 | % | ||||||||||||
Portfolio turnover rate | 55 | %(c) | 50 | % | 42 | % | 42 | % | 57 | % | 122 | % |
Transamerica Value Balanced | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 8.87 | $ | 14.31 | $ | 13.25 | $ | 11.91 | $ | 12.07 | $ | 11.46 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(a) | 0.11 | 0.22 | 0.19 | 0.15 | 0.17 | 0.11 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.48 | ) | (4.72 | ) | 1.41 | 1.53 | 0.69 | 0.60 | ||||||||||||||||
Total from investment operations | (0.37 | ) | (4.50 | ) | 1.60 | 1.68 | 0.86 | 0.71 | ||||||||||||||||
145
Transamerica Value Balanced | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.09 | ) | (0.22 | ) | (0.16 | ) | (0.16 | ) | (0.18 | ) | (0.10 | ) | ||||||||||||
Net realized gains on investments | — | (0.72 | ) | (0.38 | ) | (0.18 | ) | (0.84 | ) | — | ||||||||||||||
Total distributions | (0.09 | ) | (0.94 | ) | (0.54 | ) | (0.34 | ) | (1.02 | ) | (0.10 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 8.41 | $ | 8.87 | $ | 14.31 | $ | 13.25 | $ | 11.91 | $ | 12.07 | ||||||||||||
Total return(b) | (4.10 | )%(c) | (33.33 | )% | 12.40 | % | 14.33 | % | 7.18 | % | 6.31 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 4,803 | $ | 5,833 | $ | 11,674 | $ | 11,316 | $ | 11,926 | $ | 14,285 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.20 | %(d) | 2.13 | % | 2.17 | % | 2.20 | % | 2.16 | % | 2.20 | % | ||||||||||||
Before reimbursement/fee waiver | 2.41 | %(d) | 2.13 | % | 2.17 | % | 2.20 | % | 2.16 | % | 2.39 | % | ||||||||||||
Net investment income, to average net assets(e) | 2.54 | %(d) | 1.92 | % | 1.44 | % | 1.19 | % | 1.43 | % | 0.78 | % | ||||||||||||
Portfolio turnover rate | 55 | %(c) | 50 | % | 42 | % | 42 | % | 57 | % | 122 | % |
Transamerica Science & Technology | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 2.84 | $ | 5.67 | $ | 3.91 | $ | 3.82 | $ | 3.80 | $ | 3.61 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(a) | (0.01 | ) | (0.04 | ) | (0.05 | ) | (0.03 | ) | 0.03 | (0.04 | ) | |||||||||||||
Net realized and unrealized gain (loss) on investments | 0.06 | (2.61 | ) | 1.81 | 0.18 | 0.02 | 0.23 | |||||||||||||||||
Total from investment operations | 0.05 | (2.65 | ) | 1.76 | 0.15 | 0.05 | 0.19 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | — | — | — | (0.03 | ) | — | |||||||||||||||||
Net realized gains on investments | — | (0.18 | ) | — | (0.06 | ) | — | — | ||||||||||||||||
Total distributions | — | (0.18 | ) | — | (0.06 | ) | (0.03 | ) | — | |||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 2.89 | $ | 2.84 | $ | 5.67 | $ | 3.91 | $ | 3.82 | $ | 3.80 | ||||||||||||
Total return(b) | 1.76 | %(c) | (48.18 | )% | 45.01 | % | 3.78 | % | 1.23 | % | 5.26 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 3,839 | $ | 3,778 | $ | 7,874 | $ | 5,616 | $ | 65,423 | $ | 119,985 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.53 | %(d) | 1.53 | % | 1.53 | % | 1.53 | % | 1.32 | % | 1.36 | % | ||||||||||||
Before reimbursement/fee waiver | 2.23 | %(d) | 1.70 | % | 1.77 | % | 1.67 | % | 1.32 | % | 1.36 | % | ||||||||||||
Net investment income (loss), to average net assets(e) | (0.83 | )%(d) | (1.02 | )% | (1.03 | )% | (0.72 | )% | 0.63 | % | (1.12 | )% | ||||||||||||
Portfolio turnover rate | 36 | %(c) | 47 | % | 66 | % | 94 | % | 73 | % | 41 | % |
146
Transamerica Science & Technology | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 2.68 | $ | 5.40 | $ | 3.74 | $ | 3.68 | $ | 3.68 | $ | 3.51 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(a) | (0.02 | ) | (0.07 | ) | (0.07 | ) | (0.06 | ) | (0.02 | ) | (0.06 | ) | ||||||||||||
Net realized and unrealized gain (loss) on investments | 0.06 | (2.47 | ) | 1.73 | 0.18 | 0.02 | 0.23 | |||||||||||||||||
Total from investment operations | 0.04 | (2.54 | ) | 1.66 | 0.12 | — | 0.17 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net realized gains on investments | — | (0.18 | ) | — | (0.06 | ) | — | — | ||||||||||||||||
Total distributions | — | (0.18 | ) | — | (0.06 | ) | — | — | ||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 2.72 | $ | 2.68 | $ | 5.40 | $ | 3.74 | $ | 3.68 | $ | 3.68 | ||||||||||||
Total return(b) | 1.49 | %(c) | (48.56 | )% | 44.39 | % | 3.10 | % | — | %(j) | 4.84 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 1,640 | $ | 2,094 | $ | 4,913 | $ | 4,208 | $ | 5,316 | $ | 6,874 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.18 | %(d) | 2.18 | % | 2.18 | % | 2.18 | % | 2.20 | % | 1.91 | % | ||||||||||||
Before reimbursement/fee waiver | 3.20 | %(d) | 2.53 | % | 2.53 | % | 2.57 | % | 2.68 | % | 1.91 | % | ||||||||||||
Net investment loss, to average net assets(e) | (1.48 | )%(d) | (1.67 | )% | (1.67 | )% | (1.58 | )% | (0.58 | )% | (1.68 | )% | ||||||||||||
Portfolio turnover rate | 36 | %(c) | 47 | % | 66 | % | 94 | % | 73 | % | 41 | % |
Transamerica Science & Technology | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 2.68 | $ | 5.39 | $ | 3.73 | $ | 3.67 | $ | 3.67 | $ | 3.51 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(a) | (0.02 | ) | (0.07 | ) | (0.07 | ) | (0.06 | ) | (0.02 | ) | (0.07 | ) | ||||||||||||
Net realized and unrealized gain (loss) on investments | 0.06 | (2.46 | ) | 1.73 | 0.18 | 0.02 | 0.23 | |||||||||||||||||
Total from investment operations | 0.04 | (2.53 | ) | 1.66 | 0.12 | — | 0.16 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net realized gains on investments | — | (0.18 | ) | — | (0.06 | ) | — | — | ||||||||||||||||
Total distributions | — | (0.18 | ) | — | (0.06 | ) | — | — | ||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 2.72 | $ | 2.68 | $ | 5.39 | $ | 3.73 | $ | 3.67 | $ | 3.67 | ||||||||||||
Total return(b) | 1.49 | %(c) | (48.46 | )% | 44.50 | % | 3.11 | % | — | %(j) | 4.56 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 1,259 | $ | 1,417 | $ | 2,799 | $ | 2,045 | $ | 2,779 | $ | 4,089 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.18 | %(d) | 2.18 | % | 2.18 | % | 2.18 | % | 2.20 | % | 2.20 | % | ||||||||||||
Before reimbursement/fee waiver | 2.74 | %(d) | 2.31 | % | 2.36 | % | 2.35 | % | 2.65 | % | 2.60 | % | ||||||||||||
Net investment loss, to average net assets(e) | (1.48 | )%(d) | (1.67 | )% | (1.63 | )% | (1.57 | )% | (0.51 | )% | (1.94 | )% | ||||||||||||
Portfolio turnover rate | 36 | %(c) | 47 | % | 66 | % | 94 | % | 73 | % | 41 | % |
147
Transamerica Science & Technology | ||||||||||||||||
Class I | ||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | |||||||||||||
(unaudited) | 2008 | 2007 | 2006(g) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 2.89 | $ | 5.74 | $ | 3.93 | $ | 3.98 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (loss)(a) | — | (f) | (0.02 | ) | (0.02 | ) | (0.01 | ) | ||||||||
Net realized and unrealized gain (loss) on investments | 0.06 | (2.65 | ) | 1.83 | 0.02 | |||||||||||
Total from investment operations | 0.06 | (2.67 | ) | 1.81 | 0.01 | |||||||||||
Distributions | ||||||||||||||||
Net investment income | — | — | — | — | ||||||||||||
Net realized gains on investments | — | (0.18 | ) | — | (0.06 | ) | ||||||||||
Total distributions | — | (0.18 | ) | — | (0.06 | ) | ||||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 2.95 | $ | 2.89 | $ | 5.74 | $ | 3.93 | ||||||||
Total return(b) | 2.08 | %(c) | (47.93 | )% | 46.06 | % | 0.12 | %(c) | ||||||||
Net assets end of period/year (thousands) | $ | 45,789 | $ | 46,222 | $ | 84,206 | $ | 57,642 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/fee waiver | 1.06 | %(d) | 0.91 | % | 0.92 | % | 0.92 | %(d) | ||||||||
Before reimbursement/fee waiver | 1.06 | %(d) | 0.91 | % | 0.92 | % | 0.92 | %(d) | ||||||||
Net investment income (loss), to average net assets(e) | (0.36 | )%(d) | (0.41 | )% | (0.41 | )% | (0.35 | )%(d) | ||||||||
Portfolio turnover rate | 36 | %(c) | 47 | % | 66 | % | 94 | %(c) |
Transamerica Templeton Global | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 19.63 | $ | 35.83 | $ | 29.28 | $ | 24.68 | $ | 22.57 | $ | 21.41 | ||||||||||||
148
Transamerica Templeton Global | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(a) | 0.12 | 0.33 | 0.19 | 0.15 | 0.21 | (0.07 | ) | |||||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.75 | ) | (16.19 | ) | 6.70 | 4.45 | 2.14 | 1.23 | ||||||||||||||||
Total from investment operations | (0.63 | ) | (15.86 | ) | 6.89 | 4.60 | 2.35 | 1.16 | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.18 | ) | (0.34 | ) | (0.34 | ) | — | (f) | (0.24 | ) | — | |||||||||||||
Total distributions | (0.18 | ) | (0.34 | ) | (0.34 | ) | — | (f) | (0.24 | ) | — | |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 18.82 | $ | 19.63 | $ | 35.83 | $ | 29.28 | $ | 24.68 | $ | 22.57 | ||||||||||||
Total return(b) | (3.23 | )%(c) | (44.68 | )% | 23.74 | % | 18.65 | % | 10.41 | % | 5.41 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 66,649 | $ | 73,721 | $ | 118,738 | $ | 117,367 | $ | 385,504 | $ | 226,517 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.55 | %(d) | 1.55 | % | 1.55 | % | 1.55 | % | 1.42 | % | 1.85 | % | ||||||||||||
Before reimbursement/fee waiver | 2.10 | %(d) | 1.61 | % | 1.63 | % | 1.62 | % | 1.42 | % | 1.85 | % | ||||||||||||
Net investment income (loss), to average net assets(e) | 1.30 | %(d) | 1.13 | % | 0.59 | % | 0.55 | % | 0.85 | % | (0.31 | )% | ||||||||||||
Portfolio turnover rate | 14 | %(c) | 28 | % | 30 | % | 55 | % | 79 | % | 140 | % |
Transamerica Templeton Global | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 18.41 | $ | 33.52 | $ | 27.40 | $ | 23.24 | $ | 21.23 | $ | 20.25 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(a) | 0.05 | 0.08 | (0.02 | ) | (0.01 | ) | 0.02 | (0.20 | ) | |||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.71 | ) | (15.14 | ) | 6.28 | 4.17 | 1.99 | 1.18 | ||||||||||||||||
Total from investment operations | (0.66 | ) | (15.06 | ) | 6.26 | 4.16 | 2.01 | 0.98 | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (0.05 | ) | (0.14 | ) | — | — | (f) | — | |||||||||||||||
Total distributions | — | (0.05 | ) | (0.14 | ) | — | — | (f) | — | |||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 17.75 | $ | 18.41 | $ | 33.52 | $ | 27.40 | $ | 23.24 | $ | 21.23 | ||||||||||||
Total return(b) | (3.59 | )%(c) | (44.99 | )% | 22.94 | % | 17.90 | % | 9.48 | % | 4.83 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 8,209 | $ | 10,746 | $ | 63,876 | $ | 75,711 | $ | 90,877 | $ | 117,409 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.20 | %(d) | 2.20 | % | 2.20 | % | 2.20 | % | 2.20 | % | 2.49 | % | ||||||||||||
Before reimbursement/fee waiver | 3.25 | %(d) | 2.44 | % | 2.39 | % | 2.42 | % | 2.41 | % | 2.49 | % | ||||||||||||
Net investment income (loss), to average net assets(e) | 0.62 | %(d) | 0.29 | % | (0.07 | )% | (0.05 | )% | 0.07 | % | (0.93 | )% | ||||||||||||
Portfolio turnover rate | 14 | %(c) | 28 | % | 30 | % | 55 | % | 79 | % | 140 | % |
Transamerica Templeton Global | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 18.27 | $ | 33.47 | $ | 27.37 | $ | 23.21 | $ | 21.21 | $ | 20.25 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(a) | 0.05 | 0.12 | (0.02 | ) | (0.01 | ) | 0.02 | (0.15 | ) |
149
Transamerica Templeton Global | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.70 | ) | (15.10 | ) | 6.27 | 4.17 | 1.99 | 1.11 | ||||||||||||||||
Total from investment operations | (0.65 | ) | (14.98 | ) | 6.25 | 4.16 | 2.01 | 0.96 | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (0.22 | ) | (0.15 | ) | — | (0.01 | ) | — | |||||||||||||||
Total distributions | — | (0.22 | ) | (0.15 | ) | — | (0.01 | ) | — | |||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 17.62 | $ | 18.27 | $ | 33.47 | $ | 27.37 | $ | 23.21 | $ | 21.21 | ||||||||||||
Total return(b) | (3.56 | )%(c) | (45.05 | )% | 22.95 | % | 17.87 | % | 9.52 | % | 4.74 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 12,406 | $ | 14,286 | $ | 31,506 | $ | 32,341 | $ | 36,938 | $ | 48,378 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.20 | %(d) | 2.20 | % | 2.20 | % | 2.20 | % | 2.20 | % | 2.18 | % | ||||||||||||
Before reimbursement/fee waiver | 2.73 | %(d) | 2.26 | % | 2.31 | % | 2.35 | % | 2.38 | % | 2.18 | % | ||||||||||||
Net investment income (loss), to average net assets(e) | 0.64 | %(d) | 0.43 | % | (0.07 | )% | (0.05 | )% | 0.07 | % | (0.72 | )% | ||||||||||||
Portfolio turnover rate | 14 | %(c) | 28 | % | 30 | % | 55 | % | 79 | % | 140 | % |
Transamerica Equity | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 6.85 | $ | 12.07 | $ | 9.83 | $ | 8.87 | $ | 7.44 | $ | 6.86 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(a) | 0.02 | (0.01 | ) | (0.05 | ) | (0.07 | ) | (0.02 | ) | (0.07 | ) | |||||||||||||
Net realized and unrealized gain (loss) on investments | (0.33 | ) | (5.21 | ) | 2.29 | 1.11 | 1.58 | 0.65 | ||||||||||||||||
Total from investment operations | (0.31 | ) | (5.22 | ) | 2.24 | 1.04 | 1.56 | 0.58 | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net realized gains on investments | — | — | — | (0.08 | ) | (0.13 | ) | — | ||||||||||||||||
Total distributions | — | — | — | (0.08 | ) | (0.13 | ) | — | ||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 6.54 | $ | 6.85 | $ | 12.07 | $ | 9.83 | $ | 8.87 | $ | 7.44 | ||||||||||||
Total return(b) | (4.53 | )%(c) | (43.25 | )% | 22.79 | % | 11.71 | % | 21.16 | % | 8.45 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 270,559 | $ | 300,140 | $ | 532,251 | $ | 500,483 | $ | 301,635 | $ | 176,851 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.52 | %(d) | 1.39 | % | 1.40 | % | 1.51 | % | 1.36 | % | 1.50 | % | ||||||||||||
Before reimbursement/fee waiver | 1.66 | %(d) | 1.39 | % | 1.40 | % | 1.51 | % | 1.36 | % | 1.50 | % | ||||||||||||
Net investment income (loss), to average net assets(e) | 0.51 | %(d) | (0.07 | )% | (0.48 | )% | (0.70 | )% | (0.27 | )% | (0.90 | )% | ||||||||||||
Portfolio turnover rate | 23 | %(c) | 33 | % | 62 | % | 19 | % | 39 | % | 97 | % |
150
Transamerica Equity | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 6.42 | $ | 11.39 | $ | 9.35 | $ | 8.49 | $ | 7.19 | $ | 6.68 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(a) | — | (f) | (0.08 | ) | (0.12 | ) | (0.12 | ) | (0.08 | ) | (0.11 | ) | ||||||||||||
Net realized and unrealized gain (loss) on investments | (0.32 | ) | (4.89 | ) | 2.16 | 1.06 | 1.51 | 0.62 | ||||||||||||||||
Total from investment operations | (0.32 | ) | (4.97 | ) | 2.04 | 0.94 | 1.43 | 0.51 | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net realized gains on investments | — | — | — | (0.08 | ) | (0.13 | ) | — | ||||||||||||||||
Total distributions | — | — | — | (0.08 | ) | (0.13 | ) | — | ||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 6.10 | $ | 6.42 | $ | 11.39 | $ | 9.35 | $ | 8.49 | $ | 7.19 | ||||||||||||
Total return(b) | (4.98 | )%(c) | (43.63 | )% | 21.82 | % | 11.06 | % | 20.03 | % | 7.68 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 44,507 | $ | 59,479 | $ | 191,007 | $ | 222,144 | $ | 49,865 | $ | 47,928 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.17 | %(d) | 2.17 | % | 2.17 | % | 2.17 | % | 2.18 | % | 2.20 | % | ||||||||||||
Before reimbursement/fee waiver | 2.64 | %(d) | 2.21 | % | 2.21 | % | 2.34 | % | 2.61 | % | 2.72 | % | ||||||||||||
Net investment loss, to average net assets(e) | (0.12 | )%(d) | (0.87 | )% | (1.25 | )% | (1.34 | )% | (0.99 | )% | (1.62 | )% | ||||||||||||
Portfolio turnover rate | 23 | %(c) | 33 | % | 62 | % | 19 | % | 39 | % | 97 | % |
Transamerica Equity | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 6.44 | $ | 11.42 | $ | 9.37 | $ | 8.50 | $ | 7.20 | $ | 6.68 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(a) | — | (f) | (0.07 | ) | (0.11 | ) | (0.12 | ) | (0.08 | ) | (0.11 | ) | ||||||||||||
Net realized and unrealized gain (loss) on investments | (0.31 | ) | (4.91 | ) | 2.16 | 1.07 | 1.51 | 0.63 | ||||||||||||||||
Total from investment operations | (0.31 | ) | (4.98 | ) | 2.05 | 0.95 | 1.43 | 0.52 | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net realized gains on investments | — | — | — | (0.08 | ) | (0.13 | ) | — | ||||||||||||||||
Total distributions | — | — | — | (0.08 | ) | (0.13 | ) | — | ||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 6.13 | $ | 6.44 | $ | 11.42 | $ | 9.37 | $ | 8.50 | $ | 7.20 | ||||||||||||
Total return(b) | (4.81 | )%(c) | (43.61 | )% | 21.88 | % | 11.16 | % | 20.05 | % | 7.78 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 37,088 | $ | 46,676 | $ | 101,226 | $ | 97,047 | $ | 23,656 | $ | 21,808 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.17 | %(d) | 2.04 | % | 2.07 | % | 2.10 | % | 2.18 | % | 2.20 | % | ||||||||||||
Before reimbursement/fee waiver | 2.35 | %(d) | 2.04 | % | 2.07 | % | 2.10 | % | 2.31 | % | 2.55 | % | ||||||||||||
Net investment loss, to average net assets(e) | (0.13 | )%(d) | (0.72 | )% | (1.15 | )% | (1.27 | )% | (1.00 | )% | (1.63 | )% | ||||||||||||
Portfolio turnover rate | 23 | %(c) | 33 | % | 62 | % | 19 | % | 39 | % | 97 | % |
151
Transamerica Equity | ||||||||||||||||
Class I | ||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | |||||||||||||
(unaudited) | 2008 | 2007 | 2006(g) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 6.99 | $ | 12.23 | $ | 9.90 | $ | 9.17 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(a) | 0.04 | 0.06 | 0.01 | — | (f) | |||||||||||
Net realized and unrealized gain (loss) on investments | (0.34 | ) | (5.30 | ) | 2.32 | 0.81 | ||||||||||
Total from investment operations | (0.30 | ) | (5.24 | ) | 2.33 | 0.81 | ||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.04 | ) | — | — | — | |||||||||||
Net realized gains on investments | — | — | — | (0.08 | ) | |||||||||||
Total distributions | (0.04 | ) | — | — | (0.08 | ) | ||||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 6.65 | $ | 6.99 | $ | 12.23 | $ | 9.90 | ||||||||
Total return(b) | (4.25 | )%(c) | (42.85 | )% | 23.54 | % | 8.83 | %(c) | ||||||||
Net assets end of period/year (thousands) | $ | 454,741 | $ | 500,722 | $ | 888,019 | $ | 714,803 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/fee waiver | 0.80 | %(d) | 0.75 | % | 0.78 | % | 0.81 | %(d) | ||||||||
Before reimbursement/fee waiver | 0.80 | %(d) | 0.75 | % | 0.78 | % | 0.81 | %(d) | ||||||||
Net investment income, to average net assets(e) | 1.23 | %(d) | 0.55 | % | 0.13 | % | 0.02 | %(d) | ||||||||
Portfolio turnover rate | 23 | %(c) | 33 | % | 62 | % | 19 | %(c) |
Transamerica Equity | ||||||||||||||||
Class T | ||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | |||||||||||||
(unaudited) | 2008 | 2007 | 2006(h) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 19.14 | $ | 33.53 | $ | 27.18 | $ | 27.10 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(a) | 0.08 | 0.12 | — | — | (f) | |||||||||||
Net realized and unrealized gain (loss) on investments | (0.92 | ) | (14.51 | ) | 6.35 | 0.08 | ||||||||||
Total from investment operations | (0.84 | ) | (14.39 | ) | 6.35 | 0.08 | ||||||||||
Distributions | ||||||||||||||||
Net investment income | — | (f) | — | — | — | |||||||||||
Total distributions | — | (f) | — | — | — | |||||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 18.30 | $ | 19.14 | $ | 33.53 | $ | 27.18 | ||||||||
Total return(b) | (4.38 | )%(c) | (42.92 | )% | 23.36 | % | 0.30 | %(c) | ||||||||
Net assets end of period/year (thousands) | $ | 79,859 | $ | 90,881 | $ | 183,495 | $ | 195,420 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/fee waiver | 1.02 | %(d) | 0.89 | % | 0.91 | % | 0.84 | %(d) | ||||||||
Before reimbursement/fee waiver | 1.02 | %(d) | 0.89 | % | 0.91 | % | 0.84 | %(d) | ||||||||
Net investment income (loss), to average net assets(e) | 1.01 | %(d) | 0.42 | % | 0.01 | % | (0.21 | )%(d) | ||||||||
Portfolio turnover rate | 23 | %(c) | 33 | % | 62 | % | 19 | %(c) |
152
Transamerica Legg Mason Partners All Cap | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value (thousands) | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.98 | $ | 17.08 | $ | 18.18 | $ | 16.10 | $ | 14.80 | $ | 13.95 | ||||||||||||
�� | ||||||||||||||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(a) | 0.05 | 0.12 | 0.07 | 0.09 | 0.06 | (0.03 | ) | |||||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.80 | ) | (5.73 | ) | 1.49 | 2.55 | 1.24 | 0.88 | ||||||||||||||||
Total from investment operations | (0.75 | ) | (5.61 | ) | 1.56 | 2.64 | 1.30 | 0.85 | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.15 | ) | — | (0.06 | ) | (0.01 | ) | — | (f) | — | ||||||||||||||
Net realized gains on investments | — | (1.49 | ) | (2.60 | ) | (0.55 | ) | — | — | |||||||||||||||
Total distributions | (0.15 | ) | (1.49 | ) | (2.66 | ) | (0.56 | ) | — | (f) | — | |||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 9.08 | $ | 9.98 | $ | 17.08 | $ | 18.18 | $ | 16.10 | $ | 14.80 | ||||||||||||
Total return(b) | (7.58 | )%(c) | (35.81 | )% | 9.27 | % | 16.74 | % | 8.79 | % | 6.09 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 26,920 | $ | 28,237 | $ | 49,938 | $ | 55,622 | $ | 173,929 | $ | 438,047 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.55 | %(d) | 1.55 | % | 1.55 | % | 1.55 | % | 1.32 | % | 1.33 | % | ||||||||||||
Before reimbursement/fee waiver | 1.91 | %(d) | 1.59 | % | 1.56 | % | 1.57 | % | 1.32 | % | 1.33 | % | ||||||||||||
Net investment income (loss), to average net assets(e) | 1.15 | %(d) | 0.85 | % | 0.42 | % | 0.52 | % | 0.36 | % | (0.17 | )% | ||||||||||||
Portfolio turnover rate | 15 | %(c) | 27 | % | 17 | % | 25 | % | 27 | % | 25 | % |
Transamerica Legg Mason Partners All Cap | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.24 | $ | 16.01 | $ | 17.24 | $ | 15.39 | $ | 14.27 | $ | 13.53 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(a) | 0.02 | 0.02 | (0.03 | ) | (0.03 | ) | (0.09 | ) | (0.11 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.75 | ) | (5.30 | ) | 1.40 | 2.43 | 1.21 | 0.85 | ||||||||||||||||
Total from investment operations | (0.73 | ) | (5.28 | ) | 1.37 | 2.40 | 1.12 | 0.74 | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.03 | ) | — | — | — | (f) | — | — | ||||||||||||||||
Net realized gains on investments | — | (1.49 | ) | (2.60 | ) | (0.55 | ) | — | — | |||||||||||||||
Total distributions | (0.03 | ) | (1.49 | ) | (2.60 | ) | (0.55 | ) | — | — | ||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 8.48 | $ | 9.24 | $ | 16.01 | $ | 17.24 | $ | 15.39 | $ | 14.27 | ||||||||||||
Total return(b) | (7.93 | )%(c) | (36.18 | )% | 8.57 | % | 15.97 | % | 7.84 | % | 5.48 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 23,175 | $ | 33,670 | $ | 88,268 | $ | 109,567 | $ | 123,494 | $ | 150,829 | ||||||||||||
153
Transamerica Legg Mason Partners All Cap | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.20 | %(d) | 2.20 | % | 2.19 | % | 2.20 | % | 2.19 | % | 1.97 | % | ||||||||||||
Before reimbursement/fee waiver | 2.66 | %(d) | 2.24 | % | 2.19 | % | 2.21 | % | 2.19 | % | 1.97 | % | ||||||||||||
Net investment income (loss), to average net assets(e) | 0.57 | %(d) | 0.20 | % | (0.22 | )% | (0.17 | )% | (0.58 | )% | (0.80 | )% | ||||||||||||
Portfolio turnover rate | 15 | %(c) | 27 | % | 17 | % | 25 | % | 27 | % | 25 | % |
Transamerica Legg Mason Partners All Cap | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.26 | $ | 16.04 | $ | 17.25 | $ | 15.39 | $ | 14.26 | $ | 13.53 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income (loss)(a) | 0.02 | 0.03 | (0.02 | ) | (0.02 | ) | (0.08 | ) | (0.12 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.76 | ) | (5.32 | ) | 1.41 | 2.43 | 1.21 | 0.85 | ||||||||||||||||
Total from investment operations | (0.74 | ) | (5.29 | ) | 1.39 | 2.41 | 1.13 | 0.73 | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.05 | ) | — | — | — | (f) | — | — | ||||||||||||||||
Net realized gains on investments | — | (1.49 | ) | (2.60 | ) | (0.55 | ) | — | — | |||||||||||||||
Total distributions | (0.05 | ) | (1.49 | ) | (2.60 | ) | (0.55 | ) | — | — | ||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 8.47 | $ | 9.26 | $ | 16.04 | $ | 17.25 | $ | 15.39 | $ | 14.26 | ||||||||||||
Total return(b) | (7.97 | )%(c) | (36.17 | )% | 8.70 | % | 16.04 | % | 7.89 | % | 5.43 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 12,396 | $ | 15,316 | $ | 35,568 | $ | 41,340 | $ | 49,909 | $ | 65,391 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.20 | %(d) | 2.15 | % | 2.13 | % | 2.15 | % | 2.15 | % | 1.99 | % | ||||||||||||
Before reimbursement/fee waiver | 2.44 | %(d) | 2.15 | % | 2.13 | % | 2.15 | % | 2.15 | % | 1.99 | % | ||||||||||||
Net investment income (loss), to average net assets(e) | 0.54 | %(d) | 0.26 | % | (0.15 | )% | (0.12 | )% | (0.53 | )% | (0.83 | )% | ||||||||||||
Portfolio turnover rate | 15 | %(c) | 27 | % | 17 | % | 25 | % | 27 | % | 25 | % |
Transamerica Growth Opportunities | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 6.57 | $ | 11.40 | $ | 8.36 | $ | 7.85 | $ | 6.61 | $ | 5.95 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(a) | (0.01 | ) | (0.06 | ) | (0.09 | ) | (0.07 | ) | (0.02 | ) | (0.03 | ) | ||||||||||||
Net realized and unrealized gain (loss) on investments | 0.03 | (4.77 | ) | 3.13 | 0.58 | 1.26 | 0.69 | |||||||||||||||||
Total from investment operations | 0.02 | (4.83 | ) | 3.04 | 0.51 | 1.24 | 0.66 | |||||||||||||||||
154
Transamerica Growth Opportunities | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 6.59 | $ | 6.57 | $ | 11.40 | $ | 8.36 | $ | 7.85 | $ | 6.61 | ||||||||||||
Total return(b) | 0.30 | %(c) | (42.37 | )% | 36.20 | % | 6.62 | % | 18.76 | % | 11.09 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 42,495 | $ | 41,005 | $ | 64,825 | $ | 56,588 | $ | 256,559 | $ | 230,633 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.75 | %(d) | 1.75 | % | 1.75 | % | 1.72 | % | 1.41 | % | 1.43 | % | ||||||||||||
Before reimbursement/fee waiver | 2.27 | %(d) | 1.81 | % | 1.77 | % | 1.72 | % | 1.41 | % | 1.43 | % | ||||||||||||
Net investment loss, to average net assets (e) | (0.23 | )%(d) | (0.69 | )% | (1.00 | )% | (0.89 | )% | (0.30 | )% | (0.47 | )% | ||||||||||||
Portfolio turnover rate | 34 | %(c) | 45 | % | 85 | % | 59 | % | 34 | % | 43 | % |
Transamerica Growth Opportunities | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 6.13 | $ | 10.72 | $ | 7.92 | $ | 7.48 | $ | 6.37 | $ | 5.79 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(a) | (0.02 | ) | (0.12 | ) | (0.14 | ) | (0.13 | ) | (0.09 | ) | (0.09 | ) | ||||||||||||
Net realized and unrealized gain (loss) on investments | 0.02 | (4.47 | ) | 2.94 | 0.57 | 1.20 | 0.67 | |||||||||||||||||
Total from investment operations | — | (4.59 | ) | 2.80 | 0.44 | 1.11 | 0.58 | |||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 6.13 | $ | 6.13 | $ | 10.72 | $ | 7.92 | $ | 7.48 | $ | 6.37 | ||||||||||||
Total return(b) | — | %(c) | (42.82 | )% | 35.35 | % | 5.88 | % | 17.43 | % | 10.02 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 16,006 | $ | 20,823 | $ | 65,123 | $ | 66,098 | $ | 74,589 | $ | 77,869 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.40 | %(d) | 2.40 | % | 2.40 | % | 2.40 | % | 2.40 | % | 2.40 | % | ||||||||||||
Before reimbursement/fee waiver | 2.99 | %(d) | 2.46 | % | 2.45 | % | 2.46 | % | 2.61 | % | 2.64 | % | ||||||||||||
Net investment loss, to average net assets (e) | (0.83 | )%(d) | (1.39 | )% | (1.66 | )% | (1.57 | )% | (1.29 | )% | (1.44 | )% | ||||||||||||
Portfolio turnover rate | 34 | %(c) | 45 | % | 85 | % | 59 | % | 34 | % | 43 | % |
Transamerica Growth Opportunities | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 6.16 | $ | 10.74 | $ | 7.94 | $ | 7.49 | $ | 6.38 | $ | 5.79 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment loss(a) | (0.02 | ) | (0.11 | ) | (0.14 | ) | (0.12 | ) | (0.09 | ) | (0.10 | ) | ||||||||||||
Net realized and unrealized gain (loss) on investments | 0.02 | (4.47 | ) | 2.94 | 0.57 | 1.20 | 0.69 | |||||||||||||||||
Total from investment operations | — | (4.58 | ) | 2.80 | 0.45 | 1.11 | 0.59 | |||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 6.16 | $ | 6.16 | $ | 10.74 | $ | 7.94 | $ | 7.49 | $ | 6.38 | ||||||||||||
Total return(b) | — | %(c),(j) | (42.64 | )% | 35.26 | % | 6.01 | % | 17.40 | % | 10.19 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 9,820 | $ | 10,619 | $ | 22,656 | $ | 21,688 | $ | 25,432 | $ | 28,103 | ||||||||||||
155
Transamerica Growth Opportunities | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.40 | %(d) | 2.34 | % | 2.36 | % | 2.38 | % | 2.40 | % | 2.40 | % | ||||||||||||
Before reimbursement/fee waiver | 2.72 | %(d) | 2.34 | % | 2.36 | % | 2.38 | % | 2.54 | % | 2.65 | % | ||||||||||||
Net investment loss, to average net assets (e) | (0.86 | )%(d) | (1.29 | )% | (1.61 | )% | (1.54 | )% | (1.29 | )% | (1.58 | )% | ||||||||||||
Portfolio turnover rate | 34 | %(c) | 45 | % | 85 | % | 59 | % | 34 | % | 43 | % |
Transamerica Growth Opportunities | ||||||||||||||||
Class I | ||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | |||||||||||||
(unaudited) | 2008 | 2007 | 2006(g) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 6.74 | $ | 11.59 | $ | 8.43 | $ | 7.99 | ||||||||
Investment operations | ||||||||||||||||
Net investment income (loss)(a) | 0.02 | 0.01 | (0.01 | ) | — | (f) | ||||||||||
Net realized and unrealized gain (loss) on investments | 0.02 | (4.86 | ) | 3.17 | 0.44 | |||||||||||
Total from investment operations | 0.04 | (4.85 | ) | 3.16 | 0.44 | |||||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 6.78 | $ | 6.74 | $ | 11.59 | $ | 8.43 | ||||||||
Total return(b) | 0.59 | %(c) | (41.85 | )% | 37.49 | % | 5.51 | %(c) | ||||||||
Net assets end of period/year (thousands) | $ | 89,788 | $ | 86,425 | $ | 206,863 | $ | 214,775 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/fee waiver | 0.91 | %(d) | 0.86 | % | 0.88 | % | 0.88 | %(d) | ||||||||
Before reimbursement/fee waiver | 0.91 | %(d) | 0.86 | % | 0.88 | % | 0.88 | %(d) | ||||||||
Net investment income (loss), to average net assets(e) | 0.61 | %(d) | 0.15 | % | (0.15 | )% | (0.06 | )%(d) | ||||||||
Portfolio turnover rate | 34 | %(c) | 45 | % | 85 | % | 59 | %(c) |
Transamerica Flexible Income | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 7.22 | $ | 9.14 | $ | 9.38 | $ | 9.31 | $ | 9.68 | $ | 10.21 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(a) | 0.22 | 0.44 | 0.48 | 0.43 | 0.37 | 0.38 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.02 | (1.89 | ) | (0.25 | ) | 0.05 | (0.32 | ) | 0.14 | |||||||||||||||
Total from investment operations | 0.24 | (1.45 | ) | 0.23 | 0.48 | 0.05 | 0.52 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.22 | ) | (0.47 | ) | (0.47 | ) | (0.41 | ) | (0.38 | ) | (0.38 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | — | (0.63 | ) | |||||||||||||||||
Return of capital | — | — | — | — | (0.04 | ) | (0.04 | ) | ||||||||||||||||
Total distributions | (0.22 | ) | (0.47 | ) | (0.47 | ) | (0.41 | ) | (0.42 | ) | (1.05 | ) | ||||||||||||
156
Transamerica Flexible Income | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 7.24 | $ | 7.22 | $ | 9.14 | $ | 9.38 | $ | 9.31 | $ | 9.68 | ||||||||||||
Total return(b) | 3.52 | %(c) | (16.57 | )% | 2.42 | % | 5.34 | % | 0.47 | % | 5.72 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 15,386 | $ | 13,360 | $ | 15,409 | $ | 17,005 | $ | 140,203 | $ | 80,201 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.49 | %(d) | 1.39 | % | 1.40 | % | 1.47 | % | 1.25 | % | 1.43 | % | ||||||||||||
Before reimbursement/fee waiver | 1.49 | %(d) | 1.39 | % | 1.40 | % | 1.47 | % | 1.25 | % | 1.43 | % | ||||||||||||
Net investment income, to average net assets (e) | 6.13 | %(d) | 5.12 | % | 5.12 | % | 4.64 | % | 3.85 | % | 3.89 | % | ||||||||||||
Portfolio turnover rate | 90 | %(c) | 98 | % | 108 | % | 110 | % | 58 | % | 169 | % |
Transamerica Flexible Income | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 7.23 | $ | 9.14 | $ | 9.39 | $ | 9.32 | $ | 9.68 | $ | 10.20 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(a) | 0.19 | 0.38 | 0.42 | 0.38 | 0.29 | 0.32 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.03 | (1.88 | ) | (0.26 | ) | 0.06 | (0.32 | ) | 0.15 | |||||||||||||||
Total from investment operations | 0.22 | (1.50 | ) | 0.16 | 0.44 | (0.03 | ) | 0.47 | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.20 | ) | (0.41 | ) | (0.41 | ) | (0.37 | ) | (0.29 | ) | (0.32 | ) | ||||||||||||
Net realized gains on investments | — | — | — | — | — | (0.63 | ) | |||||||||||||||||
Return of capital | — | — | — | — | (0.04 | ) | (0.04 | ) | ||||||||||||||||
Total distributions | (0.20 | ) | (0.41 | ) | (0.41 | ) | (0.37 | ) | (0.33 | ) | (0.99 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 7.25 | $ | 7.23 | $ | 9.14 | $ | 9.39 | $ | 9.32 | $ | 9.68 | ||||||||||||
Total return(b) | 3.15 | %(c) | (17.03 | )% | 1.66 | % | 4.81 | % | (0.36 | )% | 5.13 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 8,431 | $ | 8,628 | $ | 17,007 | $ | 23,501 | $ | 32,560 | $ | 45,338 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.21 | %(d) | 2.05 | % | 2.04 | % | 2.08 | % | 2.08 | % | 2.03 | % | ||||||||||||
Before reimbursement/fee waiver | 2.21 | %(d) | 2.05 | % | 2.04 | % | 2.08 | % | 2.08 | % | 2.03 | % | ||||||||||||
Net investment income, to average net assets (e) | 5.39 | %(d) | 4.42 | % | 4.48 | % | 4.08 | % | 3.02 | % | 3.25 | % | ||||||||||||
Portfolio turnover rate | 90 | %(c) | 98 | % | 108 | % | 110 | % | 58 | % | 169 | % |
Transamerica Flexible Income | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 7.21 | $ | 9.12 | $ | 9.36 | $ | 9.30 | $ | 9.67 | $ | 10.20 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(a) | 0.19 | 0.39 | 0.42 | 0.39 | 0.29 | 0.33 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.02 | (1.88 | ) | (0.25 | ) | 0.04 | (0.33 | ) | 0.13 | |||||||||||||||
Total from investment operations | 0.21 | (1.49 | ) | 0.17 | 0.43 | (0.04 | ) | 0.46 | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.20 | ) | (0.42 | ) | (0.41 | ) | (0.37 | ) | (0.29 | ) | (0.32 | ) |
157
Transamerica Flexible Income | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net realized gains on investments | — | — | — | — | — | (0.63 | ) | |||||||||||||||||
Return of capital | — | — | — | — | (0.04 | ) | (0.04 | ) | ||||||||||||||||
Total distributions | (0.20 | ) | (0.42 | ) | (0.41 | ) | (0.37 | ) | (0.33 | ) | (0.99 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 7.22 | $ | 7.21 | $ | 9.12 | $ | 9.36 | $ | 9.30 | $ | 9.67 | ||||||||||||
Total return(b) | 3.10 | %(c) | (16.98 | )% | 1.81 | % | 4.74 | % | (0.40 | )% | 5.02 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 6,752 | $ | 5,981 | $ | 8,982 | $ | 12,519 | $ | 13,439 | $ | 19,675 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.10 | %(d) | 1.97 | % | 2.00 | % | 2.07 | % | 2.11 | % | 2.10 | % | ||||||||||||
Before reimbursement/fee waiver | 2.10 | %(d) | 1.97 | % | 2.00 | % | 2.07 | % | 2.11 | % | 2.10 | % | ||||||||||||
Net investment income, to average net assets (e) | 5.52 | %(d) | 4.52 | % | 4.51 | % | 4.15 | % | 2.99 | % | 3.37 | % | ||||||||||||
Portfolio turnover rate | 90 | %(c) | 98 | % | 108 | % | 110 | % | 58 | % | 169 | % |
Transamerica Flexible Income | ||||||||||||||||||||
Class I | ||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | ||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005(i) | ||||||||||||||||
Net asset value | ||||||||||||||||||||
Beginning of period/year | $ | 7.25 | $ | 9.17 | $ | 9.42 | $ | 9.35 | $ | 9.68 | ||||||||||
Investment operations | ||||||||||||||||||||
Net investment income(a) | 0.23 | 0.50 | 0.53 | 0.50 | 0.40 | |||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.04 | (1.90 | ) | (0.26 | ) | 0.05 | (0.32 | ) | ||||||||||||
Total from investment operations | 0.27 | (1.40 | ) | 0.27 | 0.55 | 0.08 | ||||||||||||||
Distributions | ||||||||||||||||||||
Net investment income | (0.25 | ) | (0.52 | ) | (0.52 | ) | (0.48 | ) | (0.37 | ) | ||||||||||
Net realized gains on investments | — | — | — | — | (0.04 | ) | ||||||||||||||
Total distributions | (0.25 | ) | (0.52 | ) | (0.52 | ) | (0.48 | ) | (0.41 | ) | ||||||||||
Net asset value | ||||||||||||||||||||
End of period/year | $ | 7.27 | $ | 7.25 | $ | 9.17 | $ | 9.42 | $ | 9.35 | ||||||||||
Total return(b) | 3.89 | %(c) | (16.02 | )% | 2.93 | % | 6.04 | % | 0.85 | %(c) | ||||||||||
Net assets end of period/year (thousands) | $ | 95,851 | $ | 128,108 | $ | 370,611 | $ | 221,116 | $ | 110,709 | ||||||||||
Ratio and supplemental data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
After reimbursement/fee waiver | 0.85 | %(d) | 0.77 | % | 0.80 | % | 0.86 | % | 0.85 | %(d) | ||||||||||
Before reimbursement/fee waiver | 0.85 | %(d) | 0.77 | % | 0.80 | % | 0.86 | % | 0.85 | %(d) | ||||||||||
Net investment income, to average net assets (e) | 6.73 | %(d) | 5.67 | % | 5.71 | % | 5.35 | % | 4.25 | %(d) | ||||||||||
Portfolio turnover rate | 90 | %(c) | 98 | % | 108 | % | 110 | % | 58 | %(c) |
158
Transamerica Convertible Securities | ||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 7.18 | $ | 15.30 | $ | 12.76 | $ | 11.56 | $ | 11.00 | $ | 11.32 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(a) | 0.11 | 0.13 | 0.10 | 0.07 | 0.20 | 0.21 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.03 | (4.92 | ) | 3.22 | 1.33 | 0.81 | 0.56 | |||||||||||||||||
Total from investment operations | 0.14 | (4.79 | ) | 3.32 | 1.40 | 1.01 | 0.77 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.12 | ) | (0.10 | ) | (0.11 | ) | (0.07 | ) | (0.20 | ) | (0.22 | ) | ||||||||||||
Net realized gains on investments | — | (3.23 | ) | (0.67 | ) | (0.13 | ) | (0.25 | ) | (0.87 | ) | |||||||||||||
Total distributions | (0.12 | ) | (3.33 | ) | (0.78 | ) | (0.20 | ) | (0.45 | ) | (1.09 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 7.20 | $ | 7.18 | $ | 15.30 | $ | 12.76 | $ | 11.56 | $ | 11.00 | ||||||||||||
Total return(b) | 2.05 | %(c) | (38.92 | )% | 27.41 | % | 12.15 | % | 9.24 | % | 7.06 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 10,890 | $ | 10,748 | $ | 11,276 | $ | 6,350 | $ | 209,374 | $ | 188,049 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.48 | %(d) | 1.33 | % | 1.33 | % | 1.25 | % | 1.17 | % | 1.20 | % | ||||||||||||
Before reimbursement/fee waiver | 1.48 | %(d) | 1.33 | % | 1.33 | % | 1.25 | % | 1.17 | % | 1.20 | % | ||||||||||||
Net investment income, to average net assets (e) | 3.13 | %(d) | 1.23 | % | 0.75 | % | 0.59 | % | 1.74 | % | 1.83 | % | ||||||||||||
Portfolio turnover rate | 87 | %(c) | 91 | % | 92 | % | 69 | % | 87 | % | 157 | % |
Transamerica Convertible Securities | ||||||||||||||||||||||||
Class B | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 7.13 | $ | 15.22 | $ | 12.71 | $ | 11.54 | $ | 11.00 | $ | 11.31 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(a) | 0.08 | 0.04 | 0.01 | — | (f) | 0.09 | 0.14 | |||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.03 | (4.87 | ) | 3.21 | 1.32 | 0.80 | 0.57 | |||||||||||||||||
Total from investment operations | 0.11 | (4.83 | ) | 3.22 | 1.32 | 0.89 | 0.71 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.10 | ) | (0.03 | ) | (0.04 | ) | (0.02 | ) | (0.10 | ) | (0.15 | ) | ||||||||||||
Net realized gains on investments | — | (3.23 | ) | (0.67 | ) | (0.13 | ) | (0.25 | ) | (0.87 | ) | |||||||||||||
Total distributions | (0.10 | ) | (3.26 | ) | (0.71 | ) | (0.15 | ) | (0.35 | ) | (1.02 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 7.14 | $ | 7.13 | $ | 15.22 | $ | 12.71 | $ | 11.54 | $ | 11.00 | ||||||||||||
Total return(b) | 1.57 | %(c) | (39.32 | )% | 26.54 | % | 11.47 | % | 8.09 | % | 6.52 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 2,297 | $ | 2,920 | $ | 6,533 | $ | 6,651 | $ | 6,656 | $ | 6,379 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.23 | %(d) | 2.02 | % | 1.99 | % | 1.99 | % | 2.15 | % | 1.79 | % | ||||||||||||
Before reimbursement/fee waiver | 2.23 | %(d) | 2.02 | % | 1.99 | % | 1.99 | % | 2.15 | % | 1.79 | % | ||||||||||||
Net investment income, to average net assets(e) | 2.25 | %(d) | 0.40 | % | 0.10 | % | — | %(j) | 0.76 | % | 1.24 | % | ||||||||||||
Portfolio turnover rate | 87 | %(c) | 91 | % | 92 | % | 69 | % | 87 | % | 157 | % |
159
Transamerica Convertible Securities | ||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net asset value | ||||||||||||||||||||||||
Beginning of period/year | $ | 7.10 | $ | 15.17 | $ | 12.66 | $ | 11.50 | $ | 10.97 | $ | 11.31 | ||||||||||||
Investment operations | ||||||||||||||||||||||||
Net investment income(a) | 0.08 | 0.07 | 0.02 | — | (f) | 0.08 | 0.11 | |||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.03 | (4.87 | ) | 3.20 | 1.31 | 0.82 | 0.57 | |||||||||||||||||
Total from investment operations | 0.11 | (4.80 | ) | 3.22 | 1.31 | 0.90 | 0.68 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | (0.10 | ) | (0.04 | ) | (0.04 | ) | (0.02 | ) | (0.12 | ) | (0.15 | ) | ||||||||||||
Net realized gains on investments | — | (3.23 | ) | (0.67 | ) | (0.13 | ) | (0.25 | ) | (0.87 | ) | |||||||||||||
Total distributions | (0.10 | ) | (3.27 | ) | (0.71 | ) | (0.15 | ) | (0.37 | ) | (1.02 | ) | ||||||||||||
Net asset value | ||||||||||||||||||||||||
End of period/year | $ | 7.11 | $ | 7.10 | $ | 15.17 | $ | 12.66 | $ | 11.50 | $ | 10.97 | ||||||||||||
Total return(b) | 1.66 | %(c) | (39.24 | )% | 26.69 | % | 11.44 | % | 8.17 | % | 6.33 | % | ||||||||||||
Net assets end of period/year (thousands) | $ | 6,255 | $ | 7,070 | $ | 3,598 | $ | 3,551 | $ | 4,465 | $ | 5,204 | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 2.04 | %(d) | 1.94 | % | 1.94 | % | 1.94 | % | 2.16 | % | 2.05 | % | ||||||||||||
Before reimbursement/fee waiver | 2.04 | %(d) | 1.94 | % | 1.94 | % | 1.94 | % | 2.16 | % | 2.05 | % | ||||||||||||
Net investment income, to average net assets(e) | 2.52 | %(d) | 0.72 | % | 0.15 | % | 0.02 | % | 0.73 | % | 0.98 | % | ||||||||||||
Portfolio turnover rate | 87 | %(c) | 91 | % | 92 | % | 69 | % | 87 | % | 157 | % |
Transamerica Convertible Securities | ||||||||||||||||
Class I | ||||||||||||||||
April 30, 2009 | October 31, | October 31, | October 31, | |||||||||||||
(unaudited) | 2008 | 2007 | 2006(g) | |||||||||||||
Net asset value | ||||||||||||||||
Beginning of period/year | $ | 7.19 | $ | 15.31 | $ | 12.76 | $ | 11.71 | ||||||||
Investment operations | ||||||||||||||||
Net investment income(a) | 0.12 | 0.18 | 0.16 | 0.14 | ||||||||||||
Net realized and unrealized gain (loss) on investments | 0.03 | (4.92 | ) | 3.23 | 1.17 | |||||||||||
Total from investment operations | 0.15 | (4.74 | ) | 3.39 | 1.31 | |||||||||||
Distributions | ||||||||||||||||
Net investment income | (0.14 | ) | (0.15 | ) | (0.17 | ) | (0.13 | ) | ||||||||
Net realized gains on investments | — | (3.23 | ) | (0.67 | ) | (0.13 | ) | |||||||||
Total distributions | (0.14 | ) | (3.38 | ) | (0.84 | ) | (0.26 | ) | ||||||||
Net asset value | ||||||||||||||||
End of period/year | $ | 7.20 | $ | 7.19 | $ | 15.31 | 11.26 | %(c) | ||||||||
Total return(b) | 2.22 | %(c) | (38.58 | )% | 28.10 | % | $ | 12.76 | ||||||||
Net assets end of period/year (thousands) | $ | 43,958 | $ | 91,679 | $ | 148,562 | $ | 256,474 | ||||||||
Ratio and supplemental data | ||||||||||||||||
Expenses to average net assets | ||||||||||||||||
After reimbursement/fee waiver | 0.87 | %(d) | 0.84 | % | 0.82 | % | 0.82 | %(d) | ||||||||
Before reimbursement/fee waiver | 0.87 | %(d) | 0.84 | % | 0.82 | % | 0.82 | %(d) | ||||||||
Net investment income, to average net assets(e) | 3.44 | %(d) | 1.65 | % | 1.24 | % | 1.20 | %(d) | ||||||||
Portfolio turnover rate | 87 | %(c) | 91 | % | 92 | % | 69 | %(c) |
160
(a) | Calculated based on average number of shares outstanding. | |
(b) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. | |
(c) | Not annualized. | |
(d) | Annualized. | |
(e) | Includes Redemption Fees, if any. The impact of Redemption Fees is less than 0.01%. | |
(f) | Rounds to less than $(0.01) or $0.01. | |
(g) | Commenced operations on November 15, 2006. | |
(h) | Commenced operations on October 27, 2006. | |
(i) | Commenced operations on November 8, 2004. | |
(j) | Rounds to less than (0.01)% or 0.01%. |
Transamerica Premier Balanced Fund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||
June 30, 2009 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net Asset Value | ||||||||||||||||||||||||
Beginning of period/year | $ | 17.01 | $ | 27.14 | $ | 25.24 | $ | 23.63 | $ | 22.60 | $ | 20.22 | ||||||||||||
Investment Operations | ||||||||||||||||||||||||
Net investment income (loss)(a) | 0.20 | 0.39 | 0.33 | 0.25 | 0.26 | (0.22 | ) | |||||||||||||||||
Net realized and unrealized gain (loss) on investments | 1.21 | (9.43 | ) | 2.97 | 1.69 | 1.04 | 2.83 | |||||||||||||||||
Total from investment operations | 1.41 | (9.04 | ) | 3.30 | 1.94 | 1.30 | 2.61 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (0.39 | ) | (0.38 | ) | (0.19 | ) | (0.27 | ) | (0.23 | ) | |||||||||||||
Net realized gains on investments | — | (0.03 | ) | — | — | — | — | |||||||||||||||||
Return of capital | — | (0.67 | ) | (1.02 | ) | (0.14 | ) | — | — | |||||||||||||||
Total distributions | — | (1.09 | ) | (1.40 | ) | (0.33 | ) | (0.27 | ) | (0.23 | ) | |||||||||||||
Net Asset Value | ||||||||||||||||||||||||
End of period/year | $ | 18.42 | $ | 17.01 | $ | 27.14 | $ | 25.24 | $ | 23.63 | $ | 22.60 | ||||||||||||
Total Return(b) | 8.29 | %(c) | (33.27 | )% | 13.04 | % | 8.20 | % | 5.81 | % | 12.92 | % | ||||||||||||
161
Transamerica Premier Balanced Fund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||
June 30, 2009 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Ratio and Supplemental Data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.10 | %(d) | 1.10 | % | 1.10 | % | 1.10 | % | 1.08 | % | 1.29 | % | ||||||||||||
Before reimbursement/fee waiver | 1.40 | %(d) | 1.24 | % | 1.10 | % | 1.10 | % | 1.14 | % | 1.29 | % | ||||||||||||
Net investment income (loss), to average net assets | 2.42 | %(d) | 1.68 | % | 1.21 | % | 1.02 | % | 1.14 | % | (1.04 | )% | ||||||||||||
Portfolio turnover rate | 69 | %(c) | 69 | % | 58 | % | 45 | % | 53 | % | 47 | % | ||||||||||||
Net assets End of Period/Year (in thousands) | $ | 283,228 | $ | 279,515 | $ | 475,238 | $ | 376,686 | $ | 305,892 | $ | 245,138 |
Transamerica Premier Diversified Equity Fund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||
June 30, 2009 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net Asset Value | ||||||||||||||||||||||||
Beginning of period/year | $ | 9.82 | $ | 17.15 | $ | 14.84 | $ | 13.69 | $ | 12.70 | $ | 11.17 | ||||||||||||
Investment Operations | ||||||||||||||||||||||||
Net investment income(a) | 0.03 | 0.05 | 0.01 | 0.01 | 0.02 | 0.03 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 1.00 | (7.08 | ) | 2.77 | 1.28 | 0.99 | 1.51 | |||||||||||||||||
Total from investment operations | 1.03 | (7.03 | ) | 2.78 | 1.29 | 1.01 | 1.54 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (0.02 | ) | — | (e) | — | (0.02 | ) | (0.01 | ) | ||||||||||||||
Net realized gains on investments | — | (0.28 | ) | (0.47 | ) | (0.14 | ) | — | — | |||||||||||||||
Total distributions | — | (0.30 | ) | (0.47 | ) | (0.14 | ) | (0.02 | ) | (0.01 | ) | |||||||||||||
Net Asset Value | ||||||||||||||||||||||||
End of period/year | $ | 10.85 | $ | 9.82 | $ | 17.15 | $ | 14.84 | $ | 13.69 | $ | 12.70 | ||||||||||||
Total Return(b) | 10.49 | %(c) | (40.93 | )% | 18.68 | % | 9.42 | % | 7.93 | % | 13.81 | % | ||||||||||||
Ratio and Supplemental Data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.15 | %(d) | 1.15 | % | 1.15 | % | 1.15 | % | 1.10 | % | 1.20 | % | ||||||||||||
Before reimbursement/fee waiver | 1.40 | %(d) | 1.29 | % | 1.15 | % | 1.15 | % | 1.31 | % | 1.47 | % | ||||||||||||
Net investment income, to average net assets | 0.63 | %(d) | 0.35 | % | 0.08 | % | 0.04 | % | 0.13 | % | 0.28 | % | ||||||||||||
Portfolio turnover rate | 13 | %(c) | 44 | % | 29 | % | 36 | % | 35 | % | 30 | % | ||||||||||||
Net assets End of Period/Year (in thousands) | $ | 225,929 | $ | 194,445 | $ | 305,343 | $ | 207,607 | $ | 148,927 | $ | 71,487 |
162
Transamerica Premier Institutional Diversified Equity Fund | ||||||||||||||||||||
Institutional Class | ||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Period Ended | ||||||||||||||||
June 30, 2009 | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005(e) | ||||||||||||||||
Net Asset Value | ||||||||||||||||||||
Beginning of period/year | $ | 7.79 | $ | 14.06 | $ | 12.21 | $ | 11.14 | $ | 10.00 | ||||||||||
Investment Operations | ||||||||||||||||||||
Net investment income(a) | 0.06 | 0.09 | 0.06 | 0.05 | 0.05 | |||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.41 | (5.87 | ) | 2.43 | 1.02 | 1.14 | ||||||||||||||
Total from investment operations | 0.47 | (5.78 | ) | 2.49 | 1.07 | 1.19 | ||||||||||||||
Distributions | ||||||||||||||||||||
Net investment income | — | (0.09 | ) | (0.06 | ) | — | (0.05 | ) | ||||||||||||
Net realized gains on investments | — | (0.40 | ) | (0.58 | ) | — | — | |||||||||||||
Total distributions | — | (0.49 | ) | (0.64 | ) | — | (0.05 | ) | ||||||||||||
Net Asset Value | ||||||||||||||||||||
End of period/year | $ | 8.26 | $ | 7.79 | $ | 14.06 | $ | 12.21 | $ | 11.14 | ||||||||||
Total Return(b) | 6.03 | %(c) | (41.06 | )% | 20.34 | % | 9.61 | % | 11.88 | %(c) | ||||||||||
Ratio and Supplemental Data | ||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||
After reimbursement/fee waiver | 0.75 | %(d) | 0.75 | % | 0.75 | % | 0.75 | % | 0.75 | %(d) | ||||||||||
Before reimbursement/fee waiver | 7.51 | %(d) | 8.87 | % | 9.02 | % | 8.90 | % | 9.27 | %(d) | ||||||||||
Net investment income, to average net assets | 1.52 | %(d) | 0.74 | % | 0.44 | % | 0.40 | % | 0.52 | %(d) | ||||||||||
Portfolio turnover rate | 13 | %(c) | 46 | % | 31 | % | 40 | % | 38 | %(c) | ||||||||||
Net assets End of Period/Year (in thousands) | $ | 1,786 | $ | 436 | $ | 738 | $ | 613 | $ | 559 |
163
Transamerica Premier Equity Fund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||
June 30, 2009 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net Asset Value | ||||||||||||||||||||||||
Beginning of period/year | $ | 13.90 | $ | 25.60 | $ | 22.52 | $ | 22.05 | $ | 19.46 | $ | 16.90 | ||||||||||||
Investment Operations | ||||||||||||||||||||||||
Net investment income (loss)(a) | 0.04 | 0.06 | (0.03 | ) | (0.07 | ) | (0.08 | ) | (0.02 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | 1.04 | (11.52 | ) | 3.45 | 1.74 | 3.19 | 2.58 | |||||||||||||||||
Total from investment operations | 1.08 | (11.46 | ) | 3.42 | 1.67 | 3.11 | 2.56 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (0.05 | ) | — | — | — | — | |||||||||||||||||
Net realized gains on investments | — | (0.19 | ) | (0.34 | ) | (1.20 | ) | (0.52 | ) | — | ||||||||||||||
Total distributions | — | (0.24 | ) | (0.34 | ) | (1.20 | ) | (0.52 | ) | — | ||||||||||||||
Net Asset Value | ||||||||||||||||||||||||
End of period/year | $ | 14.98 | $ | 13.90 | $ | 25.60 | $ | 22.52 | $ | 22.05 | $ | 19.46 | ||||||||||||
Total Return(b) | 7.77 | %(c) | (44.74 | )% | 15.19 | % | 7.54 | % | 15.96 | % | 15.15 | % | ||||||||||||
Ratio and Supplemental Data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.15 | %(d) | 1.15 | % | 1.15 | % | 1.15 | % | 1.09 | % | 1.29 | % | ||||||||||||
Before reimbursement/fee waiver | 1.42 | %(d) | 1.30 | % | 1.15 | % | 1.15 | % | 1.09 | % | 1.29 | % | ||||||||||||
Net investment income (loss), to average net assets | 0.63 | %(d) | 0.29 | % | (0.14 | )% | (0.28 | )% | (0.38 | )% | (0.13 | )% | ||||||||||||
Portfolio turnover rate | 18 | %(c) | 47 | % | 40 | % | 37 | % | 32 | % | 34 | % | ||||||||||||
Net assets End of Period/Year (in thousands) | $ | 443,533 | $ | 507,636 | $ | 1,046,412 | $ | 570,680 | $ | 423,181 | $ | 179,454 |
164
Transamerica Premier Institutional Equity Fund | ||||||||||||||||||||||||
Institutional Class | ||||||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Year Ended | Period Ended | |||||||||||||||||||
June 30, 2009 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004(d) | |||||||||||||||||||
Net Asset Value | ||||||||||||||||||||||||
Beginning of period/year | $ | 7.45 | $ | 13.45 | $ | 12.21 | $ | 11.41 | $ | 11.11 | $ | 10.00 | ||||||||||||
Investment Operations | ||||||||||||||||||||||||
Net investment income (loss)(a) | 0.04 | 0.08 | 0.04 | 0.01 | (0.01 | ) | 0.08 | |||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.58 | (5.99 | ) | 1.79 | 0.93 | 1.91 | 1.40 | |||||||||||||||||
Total from investment operations | 0.62 | (5.91 | ) | 1.83 | 0.94 | 1.90 | 1.48 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net investment income | — | (0.07 | ) | (0.01 | ) | (0.01 | ) | — | (0.36 | ) | ||||||||||||||
Net realized gains on investments | — | (0.02 | ) | (0.58 | ) | (0.13 | ) | (1.60 | ) | (0.01 | ) | |||||||||||||
Total distributions | — | (0.09 | ) | (0.59 | ) | (0.14 | ) | (1.60 | ) | (0.37 | ) | |||||||||||||
Net Asset Value | ||||||||||||||||||||||||
End of period/year | $ | 8.07 | $ | 7.45 | $ | 13.45 | $ | 12.21 | $ | 11.41 | $ | 11.11 | ||||||||||||
Total Return(b) | 8.32 | %(c) | (43.92 | )% | 14.96 | % | 8.22 | % | 17.03 | % | 11.51 | %(c) | ||||||||||||
Ratio and Supplemental Data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 0.75 | %(d) | 0.75 | % | 0.75 | % | 0.75 | % | 0.75 | % | 0.75 | %(d) | ||||||||||||
Before reimbursement/fee waiver | 0.91 | %(d) | 0.85 | % | 0.90 | % | 0.93 | % | 1.05 | % | 0.90 | %(d) | ||||||||||||
Net investment income (loss), to average net assets | 1.05 | %(d) | 0.74 | % | 0.28 | % | 0.09 | % | (0.06 | )% | 1.31 | %(d) | ||||||||||||
Portfolio turnover rate | 18 | %(c) | 35 | % | 47 | % | 31 | % | 122 | % | 18 | %(c) | ||||||||||||
Net assets End of Period/Year (in thousands) | $ | 75,225 | $ | 72,739 | $ | 98,169 | $ | 58,448 | $ | 44,106 | $ | 62,110 |
Transamerica Premier Focus Fund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||
June 30, 2009 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net Asset Value | ||||||||||||||||||||||||
Beginning of period/year | $ | 13.28 | $ | 23.64 | $ | 19.65 | $ | 18.59 | $ | 16.01 | $ | 13.87 | ||||||||||||
Investment Operations | ||||||||||||||||||||||||
Net investment loss(a) | (0.05 | ) | (0.10 | ) | (0.11 | ) | (0.11 | ) | (0.06 | ) | (0.07 | ) | ||||||||||||
Net realized and unrealized gain (loss) on investments | 2.32 | (9.65 | ) | 4.11 | 1.17 | 2.64 | 2.21 | |||||||||||||||||
Total from investment operations | 2.27 | (9.75 | ) | 4.00 | 1.06 | 2.58 | 2.14 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net realized gains on investments | — | (0.61 | ) | (0.01 | ) | — | — | — | ||||||||||||||||
Total distributions | — | (0.61 | ) | (0.01 | ) | — | — | — | ||||||||||||||||
165
Transamerica Premier Focus Fund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||
June 30, 2009 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net Asset Value | ||||||||||||||||||||||||
End of period/year | $ | 15.55 | $ | 13.28 | $ | 23.64 | $ | 19.65 | $ | 18.59 | $ | 16.01 | ||||||||||||
Total Return(b) | 17.09 | %(c) | (41.19 | )% | 20.35 | % | 5.70 | % | 16.12 | % | 15.43 | % | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.40 | %(d) | 1.37 | % | 1.18 | % | 1.20 | % | 1.32 | % | 1.36 | % | ||||||||||||
Before reimbursement/fee waiver | 1.57 | %(d) | 1.37 | % | 1.18 | % | 1.20 | % | 1.32 | % | 1.36 | % | ||||||||||||
Net investment loss, to average net assets | (0.74 | )%(d) | (0.52 | )% | (0.50 | )% | (0.61 | )% | (0.38 | )% | (0.48 | )% | ||||||||||||
Portfolio turnover rate | 32 | %(c) | 66 | % | 51 | % | 46 | % | 67 | % | 64 | % | ||||||||||||
Net assets End of Period/Year (in thousands) | $58,920 | $50,834 | $95,372 | $87,200 | $111,705 | $92,565 |
�� | ||||||||||||||||||||||||
Transamerica Premier Growth Opportunities Fund | ||||||||||||||||||||||||
Investor Class | ||||||||||||||||||||||||
Period Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||
June 30, 2009 | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||
(unaudited) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Net Asset Value | ||||||||||||||||||||||||
Beginning of period/year | $ | 16.33 | $ | 27.61 | $ | 23.50 | $ | 22.56 | $ | 19.73 | $ | 16.99 | ||||||||||||
Investment Operations | ||||||||||||||||||||||||
Net investment loss(a) | (0.01 | ) | (0.11 | ) | (0.14 | ) | (0.10 | ) | (0.05 | ) | (0.08 | ) | ||||||||||||
Net realized and unrealized gain (loss) on investments | 2.18 | (11.17 | ) | 5.56 | 1.04 | 2.88 | 2.82 | |||||||||||||||||
Total from investment operations | 2.17 | (11.28 | ) | 5.42 | 0.94 | 2.83 | 2.74 | |||||||||||||||||
Distributions | ||||||||||||||||||||||||
Net realized gains on investments | — | — | (1.31 | ) | — | — | — | |||||||||||||||||
Total distributions | — | — | (1.31 | ) | — | — | — | |||||||||||||||||
Net Asset Value | ||||||||||||||||||||||||
End of period/year | $ | 18.50 | $ | 16.33 | $ | 27.61 | $ | 23.50 | $ | 22.56 | $ | 19.73 | ||||||||||||
Total Return(b) | 13.29 | %(c) | (40.85 | )% | 23.01 | % | 4.17 | % | 14.36 | % | 16.13 | % | ||||||||||||
Ratio and supplemental data | ||||||||||||||||||||||||
Expenses to average net assets | ||||||||||||||||||||||||
After reimbursement/fee waiver | 1.40 | %(d) | 1.38 | % | 1.17 | % | 1.17 | % | 1.31 | % | 1.36 | % | ||||||||||||
Before reimbursement/fee waiver | 1.60 | %(d) | 1.38 | % | 1.17 | % | 1.17 | % | 1.31 | % | 1.36 | % | ||||||||||||
Net investment loss, to average net assets | (0.09 | )%(d) | (0.50 | )% | (0.52 | )% | (0.43 | )% | (0.24 | )% | (0.44 | )% | ||||||||||||
Portfolio turnover rate | 33 | %(c) | 56 | % | 77 | % | 64 | % | 52 | % | 37 | % | ||||||||||||
Net assets end of period/year (in thousands) | $83,939 | $78,056 | $146,851 | $131,991 | $152,064 | $118,442 | ||||||||||||||||||
166
(a) | Calculation based on the average number of shares outstanding during the period. | |
(b) | Total Return represents aggregate total return for each period. | |
(c) | Not annualized. | |
(d) | Annualized. | |
(e) | Rounds to less than $0.01 or $(0.01) per share. | |
(f) | Commenced operations on June 1, 2004. | |
(g) | Commenced operations on February 1, 2005. |
Beneficial | ||||||||||||||
Fund | Share Class | Name and Address | Number of Shares | or Record | Pct | |||||||||
Transamerica Convertible Securities | I | Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | 3,072,644 | Beneficial | 50.37 | % | ||||||||
Transamerica Convertible Securities | I | Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | 2,933,220 | Beneficial | 48.08 | % | ||||||||
Transamerica Convertible Securities | C | Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | 378,277 | Beneficial | 51.83 | % | ||||||||
Transamerica Convertible Securities | A | NFS LLC FEBO State Street Bank Trust Co Ttee Various Retirement Plans 4 Manhattanville Rd Purchase NY 10577-2139 | 262,280 | Beneficial | 17.63 | % | ||||||||
Transamerica Convertible Securities | A | Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | 221,673 | Beneficial | 14.90 | % | ||||||||
Transamerica Convertible Securities | A | NFS LLC FEBO Transamerica Life Ins Company 1150 S Olive St Ste 2700 Los Angeles CA 90015-2211 | 85,116 | Beneficial | 5.72 | % | ||||||||
Transamerica Convertible Securities | A | Gary U Rolle Ttee Gary U And Della V Rolle Rev Family Trust Dtd 11/10/87 2727 Mandeville Canyon Rd Los Angeles CA 90049-1005 | 84,743 | Record | 5.70 | % | ||||||||
Transamerica Convertible Securities | C | Citigroup Global Markets Inc 00109801250 House Account Attn: Peter Booth 333 W 34Th St Fl 7 New York NY 10001-2402 | 52,728 | Beneficial | 7.23 | % | ||||||||
Transamerica Convertible Securities | C | Transamerica Asset Management Inc Seed Money Account Attn Karen Heburn Mailbin 305E600 570 Carillon Pkwy St Petersburg FL 33716-1294 | 41,004 | Beneficial | 5.62 | % | ||||||||
Transamerica Convertible Securities | B | Citigroup Global Markets Inc 00109801250 House Account Attn: Peter Booth 333 W 34Th St Fl 7 New York NY 10001-2402 | 31,364 | Beneficial | 10.39 | % | ||||||||
Transamerica Convertible Securities | B | Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | 26,456 | Beneficial | 8.76 | % | ||||||||
Transamerica Premier Balanced Fund | Investor | National Financial Services 1 World Financial Ctr 200 Liberty St Fl 5 New York NY 10281-5503 | 8,385,603 | Beneficial | 54.50 | % | ||||||||
Transamerica Premier Balanced Fund | Investor | Prudential Investment Mgmt Svcs For The Benefit Of Mutual Fd Client 100 Mulberry St, 3 Gateway Center Fl 11, Mail Stp NJ 05-11-20 Newark NJ 07102 | 2,157,711 | Beneficial | 14.02 | % | ||||||||
Transamerica Premier Balanced Fund | Investor | Charles Schwab & Co Inc Mutual Funds Dept 101 Montgomery St San Francisco CA 94104-4151 | 1,466,637 | Beneficial | 9.53 | % | ||||||||
Transamerica Premier Balanced Fund | Investor | Transamerica Occidental Life Ins Corp Acct 11111 Santa Monica Blvd Ste 800 Attn: Irshana Pichai — Operations Los Angeles CA 90025-3333 | 775,382 | Beneficial | 5.04 | % |
167
Beneficial | ||||||||||||||
Fund | Share Class | Name and Address | Number of Shares | or Record | Pct | |||||||||
Transamerica Premier Diversified Equity Fund | Investor | National Financial Services 1 World Financial Ctr 200 Liberty St 5th Fl New York NY 10281-5503 | 10,300,987 | Beneficial | 49.16 | % | ||||||||
Transamerica Premier Diversified Equity Fund | Investor | Kansas Postsecondary Education Savings Plan-695 Moderate Agg PO Box 418210 Kansas City MO 64141-9210 | 2,995,560 | Beneficial | 14.30 | % | ||||||||
Transamerica Premier Diversified Equity Fund | Investor | Kansas Postsecondary Education Savings Plan-694 Aggressive PO Box 418210 Kansas City MO 64141-9210 | 2,764,844 | Beneficial | 13.19 | % | ||||||||
Transamerica Premier Diversified Equity Fund | Investor | Kansas Postsecondary Education Savings Plan-696 Moderate PO Box 418210 Kansas City MO 64141-9210 | 1,255,180 | Beneficial | 5.99 | % | ||||||||
Transamerica Premier Equity Fund | Investor | Charles Schwab & Co Inc Mutual Funds Dept 101 Montgomery St San Francisco CA 94104-4151 | 14,019,604 | Beneficial | 50.30 | % | ||||||||
Transamerica Premier Equity Fund | Investor | National Financial Services 1 World Financial Ctr 200 Liberty St Fl 5 New York NY 10281-5503 | 7,476,476 | Beneficial | 26.83 | % | ||||||||
Transamerica Premier Focus Fund | Investor | National Financial Services 1 World Financial Ctr 200 Liberty St Fl 5 New York NY 10281-5503 | 884,889 | Beneficial | 23.86 | % | ||||||||
Transamerica Premier Focus Fund | Investor | ARC Reinsurance Corporation AEGON Management Attn Eileen Lynch 4333 Edgewood Rd NE Cedar Rapids IA 52499-0001 | 810,314 | Beneficial | 21.85 | % | ||||||||
Transamerica Premier Focus Fund | Investor | Charles Schwab & Co Inc Mutual Funds Dept 101 Montgomery St San Francisco CA 94104-4151 | 387,564 | Beneficial | 10.45 | % | ||||||||
Transamerica Premier Growth Opportunities Fund | Investor | National Financial Services 1 World Financial Ctr 200 Liberty St Fl 5 New York NY 10281-5503 | 2,028,028 | Beneficial | 44.76 | % | ||||||||
Transamerica Premier Growth Opportunities Fund | Investor | ARC Reinsurance Corporation AEGON Management Attn Eileen Lynch 4333 Edgewood Rd NE Cedar Rapids IA 52499-0001 | 847,119 | Beneficial | 18.70 | % | ||||||||
Transamerica Premier Growth Opportunities Fund | Investor | Charles Schwab & Co Inc Mutual Funds Dept 101 Montgomery St San Francisco CA 94104-4151 | 358,281 | Beneficial | 7.91 | % | ||||||||
Transamerica Premier Institutional Diversified Equity Fund | Institutional | Tommar LLC C/O Thomas E Larkin Jr 865 S Figueroa St Los Angeles CA 90017-2543 | 68,478 | Record | 31.69 | % | ||||||||
Transamerica Premier Institutional Diversified Equity Fund | Institutional | Thomas E Larkin Jr Ttee Larkin Family Charitable Remainder UNITR UA Dtd 06/27/2001 C/O Thomas E Larkin Jr 865 S Figueroa St Los Angeles CA 90017-2543 | 59,790 | Record | 27.67 | % | ||||||||
Transamerica Premier Institutional Diversified Equity Fund | Institutional | Transamerica Investment Management Seed Money Account Attn: Travis Weimer 109 N Main St Ste 700 Dayton OH 45402-1127 | 55,830 | Beneficial | 25.83 | % | ||||||||
Transamerica Premier Institutional Diversified Equity Fund | Institutional | Martom LLC C/O Thomas E Larkin Jr 865 S Figueroa St Los Angeles CA 90017-2543 | 31,864 | Beneficial | 14.74 | % | ||||||||
Transamerica Premier Institutional Equity Fund | Institutional | Charles Schwab & Co Inc Mutual Funds Dept 101 Montgomery St San Francisco CA 94104-4151 | 3,581,939 | Beneficial | 37.67 | % | ||||||||
Transamerica Premier Institutional Equity Fund | Institutional | Reliance Trust Company Ttee FBO Lifestyles R/R PO Box 48529 Atlanta GA 30362-1529 | 2,451,350 | Beneficial | 25.78 | % |
168
Beneficial | ||||||||||||||
Fund | Share Class | Name and Address | Number of Shares | or Record | Pct | |||||||||
Transamerica Premier Institutional Equity Fund | Institutional | SEI Private Trust Company C/O Id835 Citizens Flint One Freedom Valley Dr Oaks PA 19456-9989 | 628,639 | Beneficial | 6.61 | % | ||||||||
Transamerica Premier Institutional Equity Fund | Institutional | Reliance Trust Company Ttee FBO Lifestyles C/R PO Box 48529 Atlanta GA 30362-1529 | 581,155 | Beneficial | 6.11 | % | ||||||||
Transamerica Science & Technology | I | Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | 7,516,965 | Beneficial | 48.52 | % | ||||||||
Transamerica Science & Technology | I | Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | 4,276,855 | Beneficial | 27.61 | % | ||||||||
Transamerica Science & Technology | I | Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | 2,696,616 | Beneficial | 17.41 | % | ||||||||
Transamerica Science & Technology | I | Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | 902,032 | Beneficial | 5.82 | % | ||||||||
Transamerica Science & Technology | C | Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | 45,442 | Beneficial | 9.50 | % | ||||||||
Transamerica Templeton Global | C | Citigroup Global Markets Inc 00109801250 House Account Attn: Peter Booth 333 W 34Th St Fl 7 New York NY 10001-2402 | 63,683 | Beneficial | 9.37 | % |
169
Beneficial | ||||||||||||||
Fund | Share Class | Name and Address | Number of Shares | or Record | Pct | |||||||||
Transamerica Balanced | C | Citigroup Global Markets Inc 00109801250 House Account Attn: Peter Booth 333 W 34Th St Fl 7 New York NY 10001-2402 | 89,842 | Beneficial | 8.96 | % | ||||||||
Transamerica Equity | I | Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | 31,352,988 | Beneficial | 46.24 | % | ||||||||
Transamerica Equity | I | Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | 20,147,190 | Beneficial | 29.71 | % | ||||||||
Transamerica Equity | I | Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | 12,473,646 | Beneficial | 18.40 | % | ||||||||
Transamerica Equity | I | Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | 3,393,933 | Beneficial | 5.01 | % | ||||||||
Transamerica Equity | C | Citigroup Global Markets Inc 00109801250 House Account Attn: Peter Booth 333 W 34Th St Fl 7 New York NY 10001-2402 | 450,281 | Beneficial | 7.84 | % | ||||||||
Transamerica Flexible Income | I | Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | 3,394,945 | Beneficial | 22.77 | % | ||||||||
Transamerica Flexible Income | I | Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | 2,995,642 | Beneficial | 20.10 | % | ||||||||
Transamerica Flexible Income | I | Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | 2,582,471 | Beneficial | 17.32 | % | ||||||||
Transamerica Flexible Income | I | Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | 2,100,227 | Beneficial | 14.09 | % | ||||||||
Transamerica Flexible Income | I | Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | 1,909,499 | Beneficial | 12.81 | % | ||||||||
Transamerica Flexible Income | I | Transamerica Asset Allocation — Conservative VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | 1,850,995 | Beneficial | 12.42 | % | ||||||||
Transamerica Flexible Income | C | Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | 160,817 | Beneficial | 14.76 | % |
170
Beneficial | ||||||||||||||
Fund | Share Class | Name and Address | Number of Shares | or Record | Pct | |||||||||
Transamerica Flexible Income | C | Citigroup Global Markets Inc 00109801250 House Account Attn: Peter Booth 333 W 34Th St Fl 7 New York NY 10001-2402 | 105,712 | Beneficial | 9.70 | % | ||||||||
Transamerica Flexible Income | B | Merrill Lynch Pierce Fenner & Smith Inc FBO of Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | 94,657 | Beneficial | 9.50 | % | ||||||||
Transamerica Growth Opportunities | I | Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | 6,308,264 | Beneficial | 45.31 | % | ||||||||
Transamerica Growth Opportunities | I | Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | 4,277,090 | Beneficial | 30.72 | % | ||||||||
Transamerica Growth Opportunities | I | Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | 2,202,984 | Beneficial | 15.82 | % | ||||||||
Transamerica Growth Opportunities | I | Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | 1,021,920 | Beneficial | 7.34 | % |
171
Dennis P. Gallagher, Esq., Secretary
Transamerica Investors, Inc.
[ ], 2009
172
A-1
1. | TRANSFER OF ASSETS OF EACH ACQUIRED FUND TO THE CORRESPONDING ACQUIRING FUND IN EXCHANGE FOR ACQUIRING FUND SHARES IN SUCH ACQUIRING FUND, ASSUMPTION OF ALL LIABILITIES OF THAT ACQUIRED FUND AND TERMINATION OF THAT ACQUIRED FUND |
A-2
A-3
A-4
A-5
A-6
A-7
A-8
A-9
A-10
A-11
8. | FURTHER CONDITIONS PRECEDENT TO OBLIGATIONS OF EACH ACQUIRING FUND AND EACH CORRESPONDING ACQUIRED FUND |
A-12
A-13
A-14
A-15
15. | HEADINGS; COUNTERPARTS; GOVERNING LAW; SEVERABILITY; ASSIGNMENT; LIMITATION OF LIABILITY |
A-16
By: | ||||
Name: | ||||
Title: | ||||
By: | ||||
Name: | ||||
Title: | ||||
A-17
Acquired Fund/Classes | Acquiring Fund/Classes | |
[Acquired Fund] [Class] [Class] | [Acquiring Fund] [Class] [Class] | |
[Acquired Fund] [Class] [Class] | [Acquiring Fund] [Class] [Class] | |
[Acquired Fund] [Class] [Class] | [Acquiring Fund] [Class] [Class] | |
[Acquired Fund] [Class] [Class] | [Acquiring Fund] [Class] [Class] | |
[Acquired Fund] [Class] [Class] | [Acquiring Fund] [Class] [Class] |
A-18
A-19
A-20
PORTFOLIO MANAGEMENT DISCUSSION
(unaudited)
B-1
Geoffrey I. Edelstein, CFA, CIC
Edward S. Han
John J. Huber, CFA
Peter O. Lopez
Erik U. Rollé
Greg D. Haendel, CFA
Derek S. Brown, CFA
Brian W. Westhoff, CFA
Transamerica Investment Management, LLC
B-2
(unaudited)
B-3
Geoffrey I. Edelstein, CFA, CIC
Derek S. Brown, CFA
Scott L. Dinsdale, CFA
Kirk R. Feldhus
Brian W. Westhoff, CFA
Transamerica Investment Management, LLC
B-4
(unaudited)
B-5
Greg D. Haendel, CFA
Derek S. Brown, CFA
Geoffrey I. Edelstein, CFA, CIC
Edward S. Han
John J. Huber, CFA
Peter O. Lopez
Erik U. Rollé
Brian W. Westhoff, CFA
Transamerica Investment Management, LLC
B-6
(unaudited)
B-7
Geoffrey I. Edelstein, CFA, CIC
Kirk R. Feldhus
Thomas E. Larkin, III
John D. Lawrence, CFA
Peter O. Lopez
Co-Portfolio Managers
Transamerica Investment Management, LLC
B-8
(unaudited)
Geoffrey I. Edelstein, CFA, CIC
Kirk R. Fedlhus
Thomas E. Larkin, III
B-9
Peter O. Lopez
Transamerica Investment Management, LLC
B-10
(unaudited)
B-11
Jeffrey J. Hoo, CFA
Erik U. Rollé
Transamerica Investment Management, LLC
B-12
(unaudited)
B-13
B-14
Transamerica Investment Management, LLC
Antonio T. Docal, CFA
Gary Motyl, CFA
Templeton Investment Counsel, LLC
B-15
(unaudited)
B-16
Geoffrey I. Edelstein, CFA, CIC
Edward S. Han
John J. Huber, CFA
Peter O. Lopez
Erik U. Rollé
Transamerica Investment Management, LLC
B-17
(unaudited)
B-18
Geoffrey I. Edelstein, CFA, CIC
Edward S. Han
John J. Huber, CFA
Peter O. Lopez
Erik U. Rollé
Transamerica Investment Management, LLC
B-19
(unaudited)
Geoffrey I. Edelstein, CFA, CIC
Edward S. Han
John J. Huber, CFA
Peter O. Lopez
B-20
Transamerica Investment Management, LLC
B-21
(unaudited)
B-22
Kirk J. Kim
Joshua D. Shaskan, CFA
Transamerica Investment Management, LLC
B-23
(unaudited)
Peter J. Hable
ClearBridge Advisors, LLC
B-24
(unaudited)
B-25
John J. Huber, CFA
Transamerica Investment Management, LLC
B-26
(unaudited)
John J. Huber, CFA
B-27
Transamerica Investment Management, LLC
B-28
(unaudited)
B-29
Transamerica Investment Management, LLC
B-30
(unaudited)
B-31
Kirk J. Kim
Greg D. Haendel, CFA
Peter O. Lopez
Brian W. Westhoff, CFA
Transamerica Investment Management, LLC
B-32
The information in this Statement of Additional Information is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This Statement of Additional Information is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
on behalf of its Series:
TRANSAMERICA BALANCED
TRANSAMERICA DIVERSIFIED EQUITY
TRANSAMERICA EQUITY
TRANSAMERICA LEGG MASON PARTNERS ALL CAP
TRANSAMERICA GROWTH OPPORTUNITIES
TRANSAMERICA FLEXIBLE INCOME
(each, a “Destination Fund” and together, the “Destination Funds”)
St. Petersburg, Florida 33716
(Toll free) [1-888-233-4339]
Reorganization | Target Fund & Shares | Destination Fund & Shares | ||
Group 1 | Transamerica Premier Balanced Fund | Transamerica Balanced | ||
Investor Class | Class P | |||
Transamerica Value Balanced | Transamerica Balanced | |||
Class A | Class A | |||
Class B | Class B | |||
Class C | Class C |
Reorganization | Target Fund & Shares | Destination Fund & Shares | ||
Group 2 | Transamerica Premier Diversified Equity Fund | Transamerica Diversified Equity* | ||
Investor Class | Class P | |||
Transamerica Premier Institutional Diversified Equity Fund | Transamerica Diversified Equity* | |||
Institutional Class | Class I | |||
Transamerica Science & Technology | Transamerica Diversified Equity* | |||
Class A | Class A | |||
Class B | Class B | |||
Class C | Class C | |||
Class I | Class I | |||
Transamerica Templeton Global | Transamerica Diversified Equity* | |||
Class A | Class A | |||
Class B | Class B | |||
Class C | Class C | |||
Group 3 | Transamerica Premier Equity Fund | Transamerica Equity | ||
Investor Class | Class P | |||
Transamerica Premier Institutional Equity Fund | Transamerica Equity | |||
Institutional Class | Class I | |||
Group 4 | Transamerica Premier Focus Fund | Transamerica Legg Mason Partners All Cap** | ||
Investor Class | Class P | |||
Group 5 | Transamerica Premier Growth Opportunities Fund | Transamerica Growth Opportunities | ||
Investor Class | Class P | |||
Group 6 | Transamerica Convertible Securities | Transamerica Flexible Income | ||
Class A | Class A | |||
Class B | Class B | |||
Class C | Class C | |||
Class I | Class I |
* | A newly-organized fund that will have substantially similar investment objectives and principal investment strategies and policies to those of Premier Diversified Equity. | |
** | The fund’s name, investment objective and principal investment strategies and policies, and sub-adviser are expected to change on or about November 6, 2009. It is expected that the fund will be renamed Transamerica Focus. |
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1. | The Destination Funds’ Statement of Additional Information dated July 1, 2009 (File Nos. 811-04556 and 033-02659), as filed with the SEC on July 1, 2009 (Accession No. 0000950123-09-000051) is incorporated herein by reference. | ||
2. | The Destination Funds’ Annual Report for the fiscal year ended October 31, 2008 (File No. 811-04556), as filed with the SEC on January 9, 2009 (Accession No. 0001104659-09-001481) is incorporated herein by reference. | ||
3. | The Destination Funds’ Semi-Annual Report filed the fiscal period ended April 30, 2009 (File No. 811-04556), as filed with the SEC on June 26, 2009 (Accession No. 0001104659-09-040361) is incorporated herein by reference. | ||
4. | For Target Funds that are series of Transamerica Premier Funds, the Target Funds’ Statement of Additional Information dated May 1, 2009 (File Nos. 811-09010 and 033-90888), as filed with the SEC on April 29, 2009 (Accession No. 0000950144-09-003685) is incorporated herein by reference. | ||
5. | For Target Funds that are series of Transamerica Funds, the Target Funds’ Statement of Additional Information dated July 1, 2009 (File Nos. 811-04556 and 033-02659), as filed with the SEC on July 1, 2009 (Accession No. 0000950123-09-000051) is incorporated herein by reference. | ||
6. | For Target Funds that are series of Transamerica Premier Funds, the Target Funds’ Annual Report for the fiscal year ended December 31, 2008 (File No. 811-09010), as filed with the SEC on March 9, 2009 (Accession No. 0001104659-09-015539) is incorporated herein by reference. | ||
7. | For Target Funds’ that are series of Transamerica Funds, the Target Funds’ Annual Report for the fiscal year ended October 31, 2008 (File No. 811-04556), as filed with the SEC on January 9, 2009 (Accession No. 0001104659-09-001481) is incorporated herein by reference. | ||
8. | For Target Funds’ that are series of Transamerica Funds, the Target Funds’ Semi-Annual Report for the fiscal period ended April 30, 2009 (File No. 811-04556), as filed with the SEC on June 26, 2009 (Accession No. 0001104659-09-040361) is incorporated herein by reference. | ||
9. | For Target Funds that are series of Transamerica Premier Funds, the Target Fund’s Semi-Annual Report for the fiscal period ended June 30, 2009 (File No. 811-09010), as filed with the SEC on August 28, 2009 (Accession No. 0001104659-09-052356) is incorporated herein by reference. |
S-1
PRO FORMA SCHEDULE OF INVESTMENTS
At April 30, 2009
(all amounts except per share amounts in thousands)
Transamerica Premier Balanced | |||||||||||||||||||||||||||||||||||
Fund | Transamerica Value Balanced | Transamerica Balanced | Pro Forma Fund | ||||||||||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | Shares | Value | ||||||||||||||||||||||||||||
COMMON STOCK (62.1%) | |||||||||||||||||||||||||||||||||||
Aerospace & Defense | |||||||||||||||||||||||||||||||||||
Boeing Co. | 65,000 | $ | 2,603 | 6,006 | $ | 241 | 20,000 | $ | 801 | 91,006 | $ | 3,645 | |||||||||||||||||||||||
Raytheon Co. | — | — | 8,215 | 372 | — | — | 8,215 | 372 | |||||||||||||||||||||||||||
Air Freight & Logistics | |||||||||||||||||||||||||||||||||||
CH Robinson Worldwide, Inc. | 82,000 | 4,359 | — | — | 27,000 | 1,435 | 109,000 | 5,794 | |||||||||||||||||||||||||||
Expeditors International of Washington, Inc. | 20,000 | 694 | — | — | 15,000 | 521 | 35,000 | 1,215 | |||||||||||||||||||||||||||
United Parcel Service, Inc. -Class B | — | — | 3,200 | 167 | — | — | 3,200 | 167 | |||||||||||||||||||||||||||
Auto Components | |||||||||||||||||||||||||||||||||||
BorgWarner, Inc. | 140,000 | 4,053 | 18,153 | 526 | 50,000 | 1,448 | 208,153 | 6,027 | |||||||||||||||||||||||||||
Johnson Controls, Inc. | 220,000 | 4,182 | — | — | 72,000 | 1,369 | 292,000 | 5,551 | |||||||||||||||||||||||||||
Biotechnology | |||||||||||||||||||||||||||||||||||
Gilead Sciences, Inc. | 130,000 | 5,954 | — | — | 40,000 | 1,832 | 170,000 | 7,786 | |||||||||||||||||||||||||||
Capital Markets | |||||||||||||||||||||||||||||||||||
BlackRock, Inc. -Class A | — | — | 1,530 | 224 | — | — | 1,530 | 224 | |||||||||||||||||||||||||||
Charles Schwab Corp. | 400,000 | 7,392 | — | — | 130,000 | 2,402 | 530,000 | 9,794 | |||||||||||||||||||||||||||
Eaton Vance Corp. | — | — | 6,000 | 164 | — | — | 6,000 | 164 | |||||||||||||||||||||||||||
T. Rowe Price Group, Inc. | 118,829 | 4,577 | — | — | 39,843 | 1,535 | 158,672 | 6,112 | |||||||||||||||||||||||||||
Chemicals | |||||||||||||||||||||||||||||||||||
Praxair, Inc. | — | — | 7,200 | 537 | — | — | 7,200 | 537 | |||||||||||||||||||||||||||
Sigma-Aldrich Corp. | 150,000 | 6,576 | — | — | 50,000 | 2,192 | 200,000 | 8,768 | |||||||||||||||||||||||||||
Communications Equipment | |||||||||||||||||||||||||||||||||||
Qualcomm, Inc. | 155,000 | 6,560 | — | — | 50,000 | 2,116 | 205,000 | 8,676 | |||||||||||||||||||||||||||
Computers & Peripherals | |||||||||||||||||||||||||||||||||||
Apple, Inc. | 60,000 | 7,550 | — | — | 22,000 | 2,768 | 82,000 | 10,318 | |||||||||||||||||||||||||||
Hewlett-Packard Co. | — | — | 9,800 | 353 | — | — | 9,800 | 353 | |||||||||||||||||||||||||||
International Business Machines Corp. | — | — | 3,150 | 325 | — | — | 3,150 | 325 | |||||||||||||||||||||||||||
Construction & Engineering | |||||||||||||||||||||||||||||||||||
Jacobs Engineering Group, Inc. | 64,000 | 2,435 | 5,418 | 206 | 24,000 | 913 | 93,418 | 3,554 | |||||||||||||||||||||||||||
Diversified Financial Services | |||||||||||||||||||||||||||||||||||
CME Group, Inc. -Class A | — | — | 1,660 | 367 | — | — | 1,660 | 367 | |||||||||||||||||||||||||||
JPMorgan Chase & Co. | 145,000 | 4,785 | 15,500 | 512 | 48,000 | 1,584 | 208,500 | 6,881 | |||||||||||||||||||||||||||
Diversified Telecommunication Services | |||||||||||||||||||||||||||||||||||
AT&T, Inc. | — | — | 14,087 | 361 | — | — | 14,087 | 361 | |||||||||||||||||||||||||||
Verizon Communications, Inc. | 220,000 | 6,675 | — | — | 60,000 | 1,820 | 280,000 | 8,495 | |||||||||||||||||||||||||||
Electronic Equipment & Instruments | |||||||||||||||||||||||||||||||||||
Tyco Electronics, Ltd. | 219,000 | 3,819 | 13,700 | 239 | 53,300 | 930 | 286,000 | 4,988 | |||||||||||||||||||||||||||
Food & Staples Retailing | |||||||||||||||||||||||||||||||||||
Wal-Mart Stores, Inc. | 75,000 | 3,780 | — | — | 24,000 | 1,210 | 99,000 | 4,990 | |||||||||||||||||||||||||||
Food Products | |||||||||||||||||||||||||||||||||||
Kraft Foods, Inc. -Class A | — | — | 13,600 | 318 | — | — | 13,600 | 318 | |||||||||||||||||||||||||||
Health Care Equipment & Supplies | |||||||||||||||||||||||||||||||||||
Becton Dickinson & Co. | 75,000 | 4,536 | 8,423 | 509 | 22,000 | 1,331 | 105,423 | 6,376 | |||||||||||||||||||||||||||
Covidien, Ltd. | 50,000 | 1,649 | — | — | 25,000 | 825 | 75,000 | 2,474 | |||||||||||||||||||||||||||
Varian Medical Systems, Inc. | 40,000 | 1,335 | — | — | 13,000 | 434 | 53,000 | 1,769 | |||||||||||||||||||||||||||
Household Products | |||||||||||||||||||||||||||||||||||
Colgate-Palmolive Co. | — | — | 7,000 | 413 | — | — | 7,000 | 413 | |||||||||||||||||||||||||||
Kimberly-Clark Corp. | — | — | 5,000 | 246 | — | — | 5,000 | 246 | |||||||||||||||||||||||||||
Industrial Conglomerates | |||||||||||||||||||||||||||||||||||
General Electric Co. | 345,000 | 4,364 | — | — | 125,000 | 1,581 | 470,000 | 5,945 | |||||||||||||||||||||||||||
Internet & Catalog Retail | |||||||||||||||||||||||||||||||||||
Amazon.com, Inc. | 105,000 | 8,455 | — | — | 35,000 | 2,818 | 140,000 | 11,273 | |||||||||||||||||||||||||||
Internet Software & Services | |||||||||||||||||||||||||||||||||||
Google, Inc. -Class A | 19,000 | 7,523 | — | — | 6,200 | 2,455 | 25,200 | 9,978 | |||||||||||||||||||||||||||
IT Services | |||||||||||||||||||||||||||||||||||
Automatic Data Processing, Inc. | 152,000 | 5,350 | 4,000 | 141 | 44,000 | 1,549 | 200,000 | 7,040 | |||||||||||||||||||||||||||
Life Sciences Tools & Services | |||||||||||||||||||||||||||||||||||
Thermo Fisher Scientific, Inc. | — | — | 12,000 | 421 | — | — | 12,000 | 421 | |||||||||||||||||||||||||||
Machinery | |||||||||||||||||||||||||||||||||||
Caterpillar, Inc. | 85,000 | 3,024 | 5,100 | 181 | 25,000 | 890 | 115,100 | 4,095 | |||||||||||||||||||||||||||
Kennametal, Inc. | 350,000 | 7,158 | — | — | 100,000 | 2,045 | 450,000 | 9,203 | |||||||||||||||||||||||||||
PACCAR, Inc. | 230,000 | 8,151 | — | — | 72,000 | 2,551 | 302,000 | 10,702 | |||||||||||||||||||||||||||
Media | |||||||||||||||||||||||||||||||||||
Walt Disney Co. | — | — | 22,500 | 493 | — | — | 22,500 | 493 | |||||||||||||||||||||||||||
Metals & Mining | |||||||||||||||||||||||||||||||||||
Cia Vale do Rio Doce -Class B ADR | — | — | 18,500 | 305 | — | — | 18,500 | 305 | |||||||||||||||||||||||||||
Multi-Utilities | |||||||||||||||||||||||||||||||||||
Dominion Resources, Inc. | — | — | 6,000 | 181 | — | — | 6,000 | 181 | |||||||||||||||||||||||||||
Oil, Gas & Consumable Fuels | |||||||||||||||||||||||||||||||||||
Anadarko Petroleum Corp. | — | — | 11,000 | 474 | — | — | 11,000 | 474 | |||||||||||||||||||||||||||
BP PLC ADR | — | — | 9,485 | 403 | — | — | 9,485 | 403 | |||||||||||||||||||||||||||
Exxon Mobil Corp. | — | — | 10,700 | 713 | — | — | 10,700 | 713 | |||||||||||||||||||||||||||
XTO Energy, Inc. | — | — | 15,000 | 520 | — | — | 15,000 | 520 | |||||||||||||||||||||||||||
Paper & Forest Products | |||||||||||||||||||||||||||||||||||
Weyerhaeuser Co. | 180,000 | 6,347 | 7,280 | 257 | 60,000 | 2,115 | 247,280 | 8,719 | |||||||||||||||||||||||||||
Pharmaceuticals | |||||||||||||||||||||||||||||||||||
Bristol-Myers Squibb Co. | — | — | 29,000 | 557 | — | — | 29,000 | 557 | |||||||||||||||||||||||||||
Merck & Co., Inc. | — | — | 5,300 | 128 | — | — | 5,300 | 128 | |||||||||||||||||||||||||||
Teva Pharmaceutical Industries, Ltd. ADR | — | — | 9,200 | 404 | — | — | 9,200 | 404 | |||||||||||||||||||||||||||
Real Estate Investment Trusts | |||||||||||||||||||||||||||||||||||
Plum Creek Timber Co., Inc. | 40,000 | 1,381 | 17,600 | 608 | 14,000 | 483 | 71,600 | 2,472 | |||||||||||||||||||||||||||
Road & Rail | |||||||||||||||||||||||||||||||||||
Burlington Northern Santa Fe Corp. | 60,000 | 4,049 | — | — | 15,000 | 1,012 | 75,000 | 5,061 | |||||||||||||||||||||||||||
Union Pacific Corp. | — | — | 11,400 | 560 | — | — | 11,400 | 560 | |||||||||||||||||||||||||||
Semiconductors & Semiconductor Equipment | |||||||||||||||||||||||||||||||||||
Intel Corp. | 380,000 | 5,996 | — | — | 154,000 | 2,430 | 534,000 | 8,426 | |||||||||||||||||||||||||||
Software | |||||||||||||||||||||||||||||||||||
Adobe Systems, Inc. | 255,000 | 6,974 | — | — | 87,000 | 2,379 | 342,000 | 9,353 | |||||||||||||||||||||||||||
Intuit, Inc. | 135,000 | 3,123 | — | — | 44,000 | 1,018 | 179,000 | 4,141 | |||||||||||||||||||||||||||
Oracle Corp. | 340,000 | 6,576 | 17,500 | 338 | 115,000 | 2,223 | 472,500 | 9,137 | |||||||||||||||||||||||||||
Salesforce.com, Inc. | 110,000 | 4,709 | — | — | 23,500 | 1,006 | 133,500 | 5,715 | |||||||||||||||||||||||||||
Symantec Corp. | — | — | 12,605 | 217 | — | — | 12,605 | 217 | |||||||||||||||||||||||||||
Specialty Retail | |||||||||||||||||||||||||||||||||||
Gap, Inc. | — | — | 24,790 | 385 | — | — | 24,790 | 385 | |||||||||||||||||||||||||||
Home Depot, Inc. | — | — | 15,500 | 408 | — | — | 15,500 | 408 | |||||||||||||||||||||||||||
Textiles, Apparel & Luxury Goods | |||||||||||||||||||||||||||||||||||
Nike, Inc. -Class B | — | — | 3,100 | 163 | — | — | 3,100 | 163 | |||||||||||||||||||||||||||
Tobacco | |||||||||||||||||||||||||||||||||||
Lorillard, Inc. | — | — | 8,000 | 505 | — | — | 8,000 | 505 | |||||||||||||||||||||||||||
Philip Morris International, Inc. | — | — | 18,750 | 678 | — | — | 18,750 | 678 | |||||||||||||||||||||||||||
Trading Companies & Distributors | |||||||||||||||||||||||||||||||||||
WW Grainger, Inc. | 60,000 | 5,033 | — | — | 20,000 | 1,678 | 80,000 | 6,711 | |||||||||||||||||||||||||||
171,727 | 15,120 | 55,699 | 242,546 | ||||||||||||||||||||||||||||||||
Total Cost $(189,508 | ) | Total Cost $(15,097 | ) | Total Cost $(61,849 | ) | Total Cost $(266,454 | ) |
S-2
Transamerica Premier Balanced | |||||||||||||||||||||||||||||||||||||||
Fund | Transamerica Value Balanced | Transamerica Balanced | Pro Forma Fund | ||||||||||||||||||||||||||||||||||||
Principal | Value | Principal | Value | Principal | Value | Principal | Value | ||||||||||||||||||||||||||||||||
CORPORATE DEBT SECURITY (18.7%) | |||||||||||||||||||||||||||||||||||||||
Airlines | |||||||||||||||||||||||||||||||||||||||
Continental Airlines, Inc., 7.49%, 10/02/2010 | $ | 638 | 600 | $ | 75 | $ | 71 | $ | — | $ | — | $ | 713 | $ | 671 | ||||||||||||||||||||||||
Delta Air Lines, Inc., 7.57%, 11/18/2010 | 585 | 544 | 85 | 79 | 270 | 251 | 940 | 874 | |||||||||||||||||||||||||||||||
Auto Components | |||||||||||||||||||||||||||||||||||||||
Johnson Controls, Inc., 5.25%, 01/15/2011 | 1,344 | 1,323 | 124 | 122 | 458 | 451 | 1,926 | 1,896 | |||||||||||||||||||||||||||||||
Beverages | |||||||||||||||||||||||||||||||||||||||
Anheuser-Busch InBev Worldwide, Inc., 8.20%, 01/15/2039 | -144A | 833 | 835 | 80 | 80 | 283 | 284 | 1,196 | 1,199 | ||||||||||||||||||||||||||||||
Bacardi, Ltd., 7.45%, 04/01/2014 | -144A | 690 | 699 | — | — | 230 | 233 | 920 | 932 | ||||||||||||||||||||||||||||||
Capital Markets | |||||||||||||||||||||||||||||||||||||||
Goldman Sachs Group, Inc., 6.00%, 05/01/2014 | 1,050 | 1,046 | 105 | 105 | 355 | 354 | 1,510 | 1,505 | |||||||||||||||||||||||||||||||
Chemicals | |||||||||||||||||||||||||||||||||||||||
Dow Chemical Co., 6.13%, 02/01/2011 | 1,138 | 1,137 | — | — | 385 | 385 | 1,523 | 1,522 | |||||||||||||||||||||||||||||||
Lubrizol Corp., 8.88%, 02/01/2019 | — | — | 100 | 108 | — | — | 100 | 108 | |||||||||||||||||||||||||||||||
Potash Corp. of Saskatchewan, Inc., 6.50%, 05/15/2019 | — | — | 88 | 91 | — | — | 88 | 91 | |||||||||||||||||||||||||||||||
Commercial Banks | |||||||||||||||||||||||||||||||||||||||
Barclays Bank PLC, 7.70%, 04/25/2018 | -144A | 1,090 | 687 | 120 | 76 | 395 | 249 | 1,605 | 1,012 | ||||||||||||||||||||||||||||||
BB&T Corp., 6.85%, 04/30/2019 | 985 | 959 | 100 | 97 | 335 | 326 | 1,420 | 1,382 | |||||||||||||||||||||||||||||||
M&I Marshall & Ilsley Bank, 1.54%, 12/04/2012 | 700 | 501 | — | — | — | — | 700 | 501 | |||||||||||||||||||||||||||||||
PNC Bank NA, 6.88%, 04/01/2018 | 745 | 710 | 110 | 105 | 270 | 257 | 1,125 | 1,072 | |||||||||||||||||||||||||||||||
PNC Bank NA, 6.00%, 12/07/2017 | 425 | 382 | — | — | 250 | 225 | 675 | 607 | |||||||||||||||||||||||||||||||
Wells Fargo Bank NA, 4.75%, 02/09/2015 | — | — | 130 | 112 | — | — | 130 | 112 | |||||||||||||||||||||||||||||||
Wells Fargo Bank NA, 5.75%, 05/16/2016 | 1,000 | 891 | — | — | 300 | 267 | 1,300 | 1,158 | |||||||||||||||||||||||||||||||
Commercial Services & Supplies | |||||||||||||||||||||||||||||||||||||||
Allied Waste North America, Inc., 6.50%, 11/15/2010 | 1,000 | 1,020 | — | — | 365 | 372 | 1,365 | 1,392 | |||||||||||||||||||||||||||||||
Construction Materials | |||||||||||||||||||||||||||||||||||||||
CRH America, Inc., 5.30%, 10/15/2013 | — | — | 100 | 84 | — | — | 100 | 84 | |||||||||||||||||||||||||||||||
Lafarge SA, 6.15%, 07/15/2011 | 1,335 | 1,298 | 125 | 122 | 455 | 442 | 1,915 | 1,862 | |||||||||||||||||||||||||||||||
Martin Marietta Materials, Inc., 1.19%, 04/30/2010 | — | — | 112 | 107 | — | — | 112 | 107 | |||||||||||||||||||||||||||||||
Consumer Finance | |||||||||||||||||||||||||||||||||||||||
American Express Credit Corp., 1.84%, 05/27/2010 | 700 | 670 | — | — | — | — | 700 | 670 | |||||||||||||||||||||||||||||||
Discover Financial Services, 1.86%, 06/11/2010 | 1,173 | 1,034 | 95 | 84 | 432 | 381 | 1,700 | 1,499 | |||||||||||||||||||||||||||||||
Containers & Packaging | |||||||||||||||||||||||||||||||||||||||
Rexam PLC, 6.75%, 06/01/2013 | -144A | 880 | 800 | — | — | 315 | 286 | 1,195 | 1,086 | ||||||||||||||||||||||||||||||
Diversified Financial Services | |||||||||||||||||||||||||||||||||||||||
American Honda Finance Corp., 1.40%, 01/29/2010 | -144A | — | — | 130 | 130 | — | — | 130 | 130 | ||||||||||||||||||||||||||||||
Bank of America Corp., 5.75%, 12/01/2017 | 1,385 | 1,131 | 130 | 106 | 470 | 384 | 1,985 | 1,621 | |||||||||||||||||||||||||||||||
Bear Stearns Cos., Inc., 7.25%, 02/01/2018 | 1,111 | 1,135 | 103 | 105 | 378 | 386 | 1,592 | 1,626 | |||||||||||||||||||||||||||||||
General Electric Capital Corp., 6.88%, 01/10/2039 | 845 | 662 | 80 | 63 | 290 | 227 | 1,215 | 952 | |||||||||||||||||||||||||||||||
Glencore Funding LLC, 6.00%, 04/15/2014 | -144A | 706 | 434 | 80 | 49 | 200 | 123 | 986 | 606 | ||||||||||||||||||||||||||||||
Harley-Davidson Funding Corp., 5.25%, 12/15/2012 | -144A | 700 | 538 | — | — | 235 | 181 | 935 | 719 | ||||||||||||||||||||||||||||||
Merrill Lynch & Co., Inc., 5.45%, 02/05/2013 | 1,260 | 1,103 | 150 | 131 | 475 | 416 | 1,885 | 1,650 | |||||||||||||||||||||||||||||||
Pemex Finance, Ltd., 9.03%, 02/15/2011 | 432 | 447 | 100 | 104 | 340 | 352 | 872 | 903 | |||||||||||||||||||||||||||||||
Electric Utilities | |||||||||||||||||||||||||||||||||||||||
EDF SA, 6.95%, 01/26/2039 | -144A | 860 | 907 | 80 | 84 | 270 | 285 | 1,210 | 1,276 | ||||||||||||||||||||||||||||||
Energy Equipment & Services | |||||||||||||||||||||||||||||||||||||||
DCP Midstream LLC, 9.75%, 03/15/2019 | -144A | 628 | 623 | 60 | 60 | 215 | 213 | 903 | 896 | ||||||||||||||||||||||||||||||
Halliburton Co., 6.15%, 09/15/2019 | 1,300 | 1,380 | 120 | 127 | 445 | 472 | 1,865 | 1,979 | |||||||||||||||||||||||||||||||
NGPL Pipeco LLC, 6.51%, 12/15/2012 | -144A | 980 | 968 | — | — | 330 | 326 | 1,310 | 1,294 | ||||||||||||||||||||||||||||||
Weatherford International, Ltd., 7.00%, 03/15/2038 | 830 | 614 | 80 | 59 | 285 | 211 | 1,195 | 884 | |||||||||||||||||||||||||||||||
Food & Staples Retailing | |||||||||||||||||||||||||||||||||||||||
Stater Brothers Holdings, Inc., 8.13%, 06/15/2012 | 650 | 642 | 100 | 99 | 225 | 222 | 975 | 963 | |||||||||||||||||||||||||||||||
Food Products | |||||||||||||||||||||||||||||||||||||||
Michael Foods, Inc., 8.00%, 11/15/2013 | 500 | 473 | 90 | 85 | 320 | 302 | 910 | 860 | |||||||||||||||||||||||||||||||
Hotels, Restaurants & Leisure | |||||||||||||||||||||||||||||||||||||||
Royal Caribbean Cruises, Ltd., 8.75%, 02/02/2011 | 715 | 669 | 70 | 65 | 252 | 236 | 1,037 | 970 | |||||||||||||||||||||||||||||||
Insurance | |||||||||||||||||||||||||||||||||||||||
MetLife, Inc., 5.38%, 12/15/2012 | 950 | 904 | 96 | 91 | 320 | 304 | 1,366 | 1,299 | |||||||||||||||||||||||||||||||
Oil Insurance, Ltd., 7.56%, 06/30/2011 | -144A | 460 | 151 | 80 | 26 | 270 | 88 | 810 | 265 | ||||||||||||||||||||||||||||||
IT Services | |||||||||||||||||||||||||||||||||||||||
Aramark Corp., 8.50%, 02/01/2015 | 600 | 573 | — | — | — | — | 600 | 573 | |||||||||||||||||||||||||||||||
Machinery | |||||||||||||||||||||||||||||||||||||||
PACCAR, Inc., 6.88%, 02/15/2014 | 940 | 984 | 85 | 89 | 320 | 335 | 1,345 | 1,408 | |||||||||||||||||||||||||||||||
Media | |||||||||||||||||||||||||||||||||||||||
Time Warner Cable, Inc., 6.75%, 07/01/2018 | 1,220 | 1,234 | 125 | 126 | — | — | 1,345 | 1,360 | |||||||||||||||||||||||||||||||
Time Warner Cable, Inc., 8.25%, 04/01/2019 | — | — | — | — | 200 | 221 | 200 | 221 | |||||||||||||||||||||||||||||||
Metals & Mining | |||||||||||||||||||||||||||||||||||||||
Anglo American Capital PLC, 9.38%, 04/08/2019 | -144A | — | — | 106 | 108 | — | — | 106 | 108 | ||||||||||||||||||||||||||||||
ArcelorMittal, 5.38%, 06/01/2013 | 1,380 | 1,242 | 130 | 117 | 440 | 396 | 1,950 | 1,755 | |||||||||||||||||||||||||||||||
BHP Billiton Finance USA, Ltd., 6.50%, 04/01/2019 | 1,060 | 1,151 | 96 | 104 | 360 | 391 | 1,516 | 1,646 | |||||||||||||||||||||||||||||||
Falconbridge, Ltd., 7.35%, 06/05/2012 | 540 | 477 | 55 | 49 | 183 | 161 | 778 | 687 | |||||||||||||||||||||||||||||||
Rio Tinto Finance USA, Ltd., 9.00%, 05/01/2019 | 975 | 1,002 | 100 | 103 | 330 | 339 | 1,405 | 1,444 | |||||||||||||||||||||||||||||||
Multi-Utilities | |||||||||||||||||||||||||||||||||||||||
Sempra Energy, 9.80%, 02/15/2019 | 1,125 | 1,283 | 105 | 120 | 380 | 434 | 1,610 | 1,837 | |||||||||||||||||||||||||||||||
Office Electronics | |||||||||||||||||||||||||||||||||||||||
Xerox Corp., 7.13%, 06/15/2010 | 1,195 | 1,207 | — | — | 400 | 404 | 1,595 | 1,611 | |||||||||||||||||||||||||||||||
Oil, Gas & Consumable Fuels | |||||||||||||||||||||||||||||||||||||||
EnCana Corp., 6.50%, 05/15/2019 | — | — | 71 | 73 | — | — | 71 | 73 | |||||||||||||||||||||||||||||||
Energy Transfer Partners, LP, 9.70%, 03/15/2019 | 805 | 894 | 75 | 83 | 275 | 306 | 1,155 | 1,283 | |||||||||||||||||||||||||||||||
Enterprise Products Operating, LP, 7.50%, 02/01/2011 | 1,180 | 1,213 | 120 | 123 | 400 | 411 | 1,700 | 1,747 | |||||||||||||||||||||||||||||||
Hess Corp., 8.13%, 02/15/2019 | 1,220 | 1,337 | 110 | 121 | 410 | 449 | 1,740 | 1,907 | |||||||||||||||||||||||||||||||
Husky Energy, Inc., 6.25%, 06/15/2012 | 1,025 | 1,018 | 105 | 104 | 348 | 346 | 1,478 | 1,468 | |||||||||||||||||||||||||||||||
PetroHawk Energy Corp., 9.13%, 07/15/2013 | 500 | 490 | 100 | 98 | 360 | 353 | 960 | 941 | |||||||||||||||||||||||||||||||
Teppco Partners, LP, 7.00%, 06/01/2067 | 500 | 271 | — | — | 300 | 163 | 800 | 434 | |||||||||||||||||||||||||||||||
Valero Logistics Operations, LP, 6.88%, 07/15/2012 | 850 | 827 | — | — | 450 | 439 | 1,300 | 1,266 | |||||||||||||||||||||||||||||||
Paper & Forest Products | |||||||||||||||||||||||||||||||||||||||
Celulosa Arauco y Constitucion SA, 8.63%, 08/15/2010 | — | — | 171 | 179 | — | — | 171 | 179 | |||||||||||||||||||||||||||||||
Weyerhaeuser Co., 6.75%, 03/15/2012 | 1,085 | 1,083 | 100 | 100 | 380 | 379 | 1,565 | 1,562 | |||||||||||||||||||||||||||||||
Pharmaceuticals | |||||||||||||||||||||||||||||||||||||||
Allergan, Inc., 5.75%, 04/01/2016 | 925 | 886 | — | — | — | — | 925 | 886 | |||||||||||||||||||||||||||||||
Real Estate Investment Trusts | |||||||||||||||||||||||||||||||||||||||
PPF Funding, Inc., 5.35%, 04/15/2012 | -144A | 1,646 | 1,205 | — | — | 781 | 572 | 2,427 | 1,777 | ||||||||||||||||||||||||||||||
Wea Finance LLC / WCI Finance LLC, 5.40%, 10/01/2012 | -144A | 1,250 | 1,150 | 168 | 155 | 520 | 478 | 1,938 | 1,783 | ||||||||||||||||||||||||||||||
Weingarten Realty Investors, 5.26%, 05/15/2012 | 1,000 | 801 | — | — | — | — | 1,000 | 801 | |||||||||||||||||||||||||||||||
Real Estate Management & Development | |||||||||||||||||||||||||||||||||||||||
Post Apartment Homes, LP, 6.30%, 06/01/2013 | 537 | 426 | 91 | 72 | 349 | 277 | 977 | 775 | |||||||||||||||||||||||||||||||
Road & Rail | |||||||||||||||||||||||||||||||||||||||
Hertz Corp., 8.88%, 01/01/2014 | 470 | 364 | 75 | 58 | 200 | 155 | 745 | 577 | |||||||||||||||||||||||||||||||
Specialty Retail | |||||||||||||||||||||||||||||||||||||||
Staples, Inc., 9.75%, 01/15/2014 | 1,205 | 1,322 | 115 | 126 | 415 | 455 | 1,735 | 1,903 | |||||||||||||||||||||||||||||||
Wireless Telecommunication Services | |||||||||||||||||||||||||||||||||||||||
Centennial Communications Corp., 6.96%, 01/01/2013 | 500 | 501 | — | — | 170 | 170 | 670 | 671 | |||||||||||||||||||||||||||||||
50,858 | 4,935 | 17,125 | 72,918 | ||||||||||||||||||||||||||||||||||||
Total Cost $(53,766 | ) | Total Cost $(5,121 | ) | Total Cost $(18,200 | ) | Total Cost $(77,087 | ) |
S-3
Transamerica Premier Balanced | Combined | ||||||||||||||||||||||||||||||||||||||
Fund | Transamerica Value Balanced | Transamerica Balanced | Pro Forma Fund | ||||||||||||||||||||||||||||||||||||
Principal | Value | Principal | Value | Principal | Value | Principal | Value | ||||||||||||||||||||||||||||||||
MORTGAGE-BACKED SECURITY (1.7%) | |||||||||||||||||||||||||||||||||||||||
American Tower Trust, Series 2007-1A, -Class AFX, 5.42%, 04/15/2037 | -144A | 1,315 | 1,170 | — | — | 450 | 401 | 1,765 | 1,571 | ||||||||||||||||||||||||||||||
American Tower Trust, Series 2007-1A, -Class C, 5.62%, 04/15/2037 | -144A | — | — | 155 | 131 | — | — | 155 | 131 | ||||||||||||||||||||||||||||||
Crown Castle Towers LLC, Series 2006-1A, -Class AFX, 5.24%, 11/15/2036 | -144A | 1,778 | 1,636 | 115 | 106 | 739 | 680 | 2,632 | 2,422 | ||||||||||||||||||||||||||||||
Small Business Administration CMBS Trust, Series 2006-1A, -Class A, 5.31%, 11/15/2036 | -144A | 1,770 | 1,655 | 150 | 140 | 680 | 635 | 2,600 | 2,430 | ||||||||||||||||||||||||||||||
4,461 | 377 | 1,716 | 6,554 | ||||||||||||||||||||||||||||||||||||
Total Cost $(4,709 | ) | Total Cost $(411 | ) | Total Cost $(1,816 | ) | Total Cost $(6,936 | ) | ||||||||||||||||||||||||||||||||
MUNICIPAL GOVERNMENT OBLIGATION (0.1%) | |||||||||||||||||||||||||||||||||||||||
Metropolitan Transportation Authority, 7.34%, 11/15/2039 | — | — | 71 | 76 | — | — | 71 | 76 | |||||||||||||||||||||||||||||||
State of California, 7.55%, 04/01/2039 | — | — | 75 | 78 | 250 | 261 | 325 | 339 | |||||||||||||||||||||||||||||||
— | 154 | 261 | 415 | ||||||||||||||||||||||||||||||||||||
Total Cost $(0 | ) | Total Cost $(149 | ) | Total Cost $(261 | ) | Total Cost $(410 | ) | ||||||||||||||||||||||||||||||||
U.S. GOVERNMENT AGENCY OBLIGATION (15.8%) | |||||||||||||||||||||||||||||||||||||||
Fannie Mae, 4.50%, 07/25/2021 | 1,695 | 1,726 | — | — | 572 | 582 | 2,267 | 2,308 | |||||||||||||||||||||||||||||||
Fannie Mae, 4.72%, 10/01/2035 | — | — | 318 | 327 | — | — | 318 | 327 | |||||||||||||||||||||||||||||||
Fannie Mae, 5.00%, 02/01/2036 | 3,685 | 3,798 | 375 | 387 | — | — | 4,060 | 4,185 | |||||||||||||||||||||||||||||||
Fannie Mae, 5.00%, 03/01/2036 | — | — | 392 | 404 | — | — | 392 | 404 | |||||||||||||||||||||||||||||||
Fannie Mae, 5.00%, 03/01/2039 | — | — | 359 | 370 | — | — | 359 | 370 | |||||||||||||||||||||||||||||||
Fannie Mae, 5.00%, 04/25/2034 | 3,210 | 3,366 | — | — | 700 | 734 | 3,910 | 4,100 | |||||||||||||||||||||||||||||||
Fannie Mae, 5.00%, 05/01/2018 | — | — | 82 | 85 | — | — | 82 | 85 | |||||||||||||||||||||||||||||||
Fannie Mae, 5.00%, 09/01/2037 | 3,268 | 3,365 | 187 | 192 | 1,400 | 1,442 | 4,855 | 4,999 | |||||||||||||||||||||||||||||||
Fannie Mae, 5.50%, 01/01/2038 | — | — | 427 | 443 | — | — | 427 | 443 | |||||||||||||||||||||||||||||||
Fannie Mae, 5.50%, 04/01/2037 | 2,084 | 2,161 | — | — | 1,406 | 1,458 | 3,490 | 3,619 | |||||||||||||||||||||||||||||||
Fannie Mae, 5.50%, 07/01/2019 | — | — | 74 | 78 | — | — | 74 | 78 | |||||||||||||||||||||||||||||||
Fannie Mae, 5.50%, 11/01/2038 | 3,356 | 3,480 | — | — | 1,151 | 1,193 | 4,507 | 4,673 | |||||||||||||||||||||||||||||||
Fannie Mae, 5.77%, 12/01/2036 | 1,986 | 2,074 | — | — | 1,192 | 1,245 | 3,178 | 3,319 | |||||||||||||||||||||||||||||||
Fannie Mae, 6.00%, 08/01/2036 | — | — | 461 | 483 | — | — | 461 | 483 | |||||||||||||||||||||||||||||||
Fannie Mae, 6.00%, 12/01/2037 | — | — | 197 | 206 | — | — | 197 | 206 | |||||||||||||||||||||||||||||||
Freddie Mac, 4.79%, 03/01/2035 | 1,401 | 1,433 | — | — | 458 | 469 | 1,859 | 1,902 | |||||||||||||||||||||||||||||||
Freddie Mac, 5.00%, 01/01/2039 | 3,862 | 3,974 | — | — | 1,321 | 1,360 | 5,183 | 5,334 | |||||||||||||||||||||||||||||||
Freddie Mac, 5.00%, 02/01/2024 | 4,059 | 4,200 | — | — | 1,373 | 1,421 | 5,432 | 5,621 | |||||||||||||||||||||||||||||||
Freddie Mac, 5.00%, 04/01/2018 | — | — | 138 | 144 | — | — | 138 | 144 | |||||||||||||||||||||||||||||||
Freddie Mac, 5.00%, 05/15/2028 | — | — | — | — | 636 | 651 | 636 | 651 | |||||||||||||||||||||||||||||||
Freddie Mac, 5.00%, 07/01/2035 | 3,832 | 3,946 | — | — | 1,277 | 1,315 | 5,109 | 5,261 | |||||||||||||||||||||||||||||||
Freddie Mac, 5.00%, 10/15/2030 | — | — | 400 | 417 | — | — | 400 | 417 | |||||||||||||||||||||||||||||||
Freddie Mac, 5.00%, 11/15/2032 | 2,783 | 2,853 | 404 | 414 | — | — | 3,187 | 3,267 | |||||||||||||||||||||||||||||||
Freddie Mac, 5.50%, 09/01/2018 | — | — | 42 | 44 | — | — | 42 | 44 | |||||||||||||||||||||||||||||||
Freddie Mac, 5.50%, 11/01/2018 | — | — | 89 | 92 | — | — | 89 | 92 | |||||||||||||||||||||||||||||||
Freddie Mac, 5.53%, 09/01/2037 | — | — | 334 | 348 | — | — | 334 | 348 | |||||||||||||||||||||||||||||||
Freddie Mac, 6.00%, 12/01/2037 | 4,123 | 4,345 | — | — | 1,409 | 1,484 | 5,532 | 5,829 | |||||||||||||||||||||||||||||||
Ginnie Mae, 4.50%, 02/20/2037 | 2,338 | 2,364 | — | — | 789 | 798 | 3,127 | 3,162 | |||||||||||||||||||||||||||||||
43,085 | 4,434 | 14,152 | 61,671 | ||||||||||||||||||||||||||||||||||||
Total Cost $(42,134 | ) | Total Cost $(4,300 | ) | Total Cost $(13,919 | ) | Total Cost $(60,353 | ) | ||||||||||||||||||||||||||||||||
U.S. GOVERNMENT OBLIGATION (1.1%) | |||||||||||||||||||||||||||||||||||||||
U.S. Treasury Bond, 4.50%, 05/15/2038 | 567 | 610 | 6 | 6 | 48 | 52 | 621 | 668 | |||||||||||||||||||||||||||||||
U.S. Treasury Inflation Indexed Bond, 1.75%, 01/15/2028 | 1,246 | 1,121 | 122 | 109 | 425 | 383 | 1,793 | 1,613 | |||||||||||||||||||||||||||||||
U.S. Treasury Inflation Indexed Bond, 2.50%, 01/15/2029 | 1,334 | 1,358 | 124 | 126 | 455 | 462 | 1,913 | 1,946 | |||||||||||||||||||||||||||||||
U.S. Treasury Inflation Indexed Note, 1.38%, 07/15/2018 | — | — | 49 | 48 | — | — | 49 | 48 | |||||||||||||||||||||||||||||||
U.S. Treasury Note, 2.75%, 02/15/2019 | — | — | 76 | 74 | — | — | 76 | 74 | |||||||||||||||||||||||||||||||
3,089 | 363 | 897 | 4,349 | ||||||||||||||||||||||||||||||||||||
Total Cost $(2,970 | ) | Total Cost $(349 | ) | Total Cost $(851 | ) | Total Cost $(4,170 | ) | ||||||||||||||||||||||||||||||||
REPURCHASE AGREEMENT (0.9%) | |||||||||||||||||||||||||||||||||||||||
State Street Repurchase Agreement | 2,429 | 2,429 | 294 | 294 | 929 | 929 | 3,652 | 3,652 | |||||||||||||||||||||||||||||||
0.01%, dated 04/30/09, to be repurchased | 2,429 | 294 | 929 | 3,652 | |||||||||||||||||||||||||||||||||||
at $3,652 on 05/01/2009 | Total Cost $(2,429 | ) | Total Cost $(294 | ) | Total Cost $(929 | ) | Total Cost $(3,652 | ) | |||||||||||||||||||||||||||||||
Total Investment Securities Cost | 295,516 | 25,721 | 97,825 | 419,062 | |||||||||||||||||||||||||||||||||||
Total Investment Securities Value | 275,649 | 25,677 | 90,779 | 392,105 | |||||||||||||||||||||||||||||||||||
Other Assets and Liabilities, net | (952 | ) | (213 | ) | (643 | ) | (1,808 | ) | |||||||||||||||||||||||||||||||
Net Assets | $ | 274,697 | $ | 25,464 | $ | 90,136 | $ | 390,297 | |||||||||||||||||||||||||||||||
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2009, these securities aggregated to $19,637, or 5.03%, of the Fund’s net assets. |
S-4
Transamerica Balanced
PRO FORMA STATEMENT OF ASSETS AND LIABILITIES
At April 30, 2009
(all amounts except per share amounts in thousands)
Assuming only the Transamerica Premier Balanced | Assuming only the Transamerica Value Balanced | |||||||||||||||||||||||||||||||||||
Transamerica | Fund Reorganization | Reorganization | ||||||||||||||||||||||||||||||||||
Premier Balanced | Transamerica | Transamerica | Combined | Combined | Combined | |||||||||||||||||||||||||||||||
Fund | Value Balanced | Balanced | Adjustments | Pro Forma Fund | Adjustments | Pro Forma Fund | Adjustments | Pro Forma Fund | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||||||||||
Investment securities, at value | $ | 273,220 | $ | 25,383 | $ | 89,850 | $ | $ | 388,453 | $ | $ | 363,070 | $ | $ | 115,233 | |||||||||||||||||||||
Repurchase agreement, at value | 2,429 | 294 | 929 | 3,652 | 3,358 | 1,223 | ||||||||||||||||||||||||||||||
Receivables: | ||||||||||||||||||||||||||||||||||||
Investment securities sold | — | 360 | 212 | 572 | 212 | 572 | ||||||||||||||||||||||||||||||
Shares sold | 24 | 3 | 17 | 44 | 41 | 20 | ||||||||||||||||||||||||||||||
Interest | 1,093 | 103 | 385 | 1,581 | 1,478 | 488 | ||||||||||||||||||||||||||||||
Dividends | 240 | 33 | 72 | 345 | 312 | 105 | ||||||||||||||||||||||||||||||
Dividend reclaims | 2 | — | 60 | 62 | 62 | 60 | ||||||||||||||||||||||||||||||
Other | — | 16 | 41 | 57 | 41 | 57 | ||||||||||||||||||||||||||||||
277,008 | 26,192 | 91,566 | — | 394,766 | — | 368,574 | — | 117,758 | ||||||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||||||
Accounts payable and accrued liabilities: | — | |||||||||||||||||||||||||||||||||||
Investment securities purchased | 2,033 | 608 | 950 | 3,591 | 2,983 | 1,558 | ||||||||||||||||||||||||||||||
Shares redeemed | 15 | 44 | 261 | 320 | 276 | 305 | ||||||||||||||||||||||||||||||
Management and advisory fees | 109 | 15 | 64 | 188 | 173 | 79 | ||||||||||||||||||||||||||||||
Distribution and service fees | 55 | 12 | 46 | 113 | 101 | 58 | ||||||||||||||||||||||||||||||
Administration fees | 7 | — | 1 | 8 | 8 | 1 | ||||||||||||||||||||||||||||||
Trustees fees | 2 | 16 | 42 | 60 | 44 | 58 | ||||||||||||||||||||||||||||||
Transfer agent fees | 61 | 10 | 29 | 100 | 90 | 39 | ||||||||||||||||||||||||||||||
Other | 29 | 23 | 37 | 89 | 66 | 60 | ||||||||||||||||||||||||||||||
2,311 | 728 | 1,430 | 4,469 | 3,741 | 2,158 | |||||||||||||||||||||||||||||||
Net Assets | $ | 274,697 | $ | 25,464 | $ | 90,136 | $ | $ | 390,297 | $ | $ | 364,833 | $ | $ | 115,600 | |||||||||||||||||||||
Net Assets Consist of: | ||||||||||||||||||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 327,658 | $ | 31,994 | $ | 106,968 | $ | (39,573) | (a) | $ | 427,047 | $ | (33,094) | (a) | $ | 401,532 | $ | (6,479) | (a) | $ | 132,483 | |||||||||||||||
Undistributed net investment income | 2,882 | 404 | 125 | (3,286) | (a) | 125 | (2,882) | (a) | 125 | (404) | (a) | 125 | ||||||||||||||||||||||||
Accumulated net realized loss from investment securities and foreign currency transactions | (35,976 | ) | (6,883 | ) | (9,899 | ) | 42,859 | (a) | (9,899 | ) | 35,976 | (a) | (9,899 | ) | 6,883 | (a) | (9,899 | ) | ||||||||||||||||||
Net unrealized depreciation on: | — | — | ||||||||||||||||||||||||||||||||||
Investment securities | (19,867 | ) | (51 | ) | (7,064 | ) | (26,982 | ) | (26,931 | ) | (7,115 | ) | ||||||||||||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | 6 | 6 | 6 | 6 | ||||||||||||||||||||||||||||||
Net Assets | $ | 274,697 | $ | 25,464 | $ | 90,136 | $ | 0 | $ | 390,297 | $ | 0 | $ | 364,833 | $ | 0 | $ | 115,600 | ||||||||||||||||||
Net Assets by Class: | ||||||||||||||||||||||||||||||||||||
Class A | $ | $ | 16,075 | $ | 51,144 | $ | $ | 67,219 | $ | $ | 51,144 | $ | $ | 67,219 | ||||||||||||||||||||||
Class B | 4,591 | 22,915 | 27,506 | 22,915 | 27,506 | |||||||||||||||||||||||||||||||
Class C | 4,798 | 16,077 | 20,875 | 16,077 | 20,875 | |||||||||||||||||||||||||||||||
Class P | 274,697 | (b) | 274,697 | 274,697 | (b) | 274,697 | — | |||||||||||||||||||||||||||||
Investor Class | 274,697 | (274,697) | (b) | — | (274,697) | (b) | — | — | ||||||||||||||||||||||||||||
Shares Outstanding: | ||||||||||||||||||||||||||||||||||||
Class A | 1,905 | 3,255 | (882) | (c) | 4,278 | 3,255 | (882) | (c) | 4,278 | |||||||||||||||||||||||||||
Class B | 546 | 1,466 | (252) | (c) | 1,760 | 1,466 | (252) | (c) | 1,760 | |||||||||||||||||||||||||||
Class C | 571 | 1,033 | (263) | (c) | 1,341 | 1,033 | (263) | (c) | 1,341 | |||||||||||||||||||||||||||
Class P | 15,448 | (c) | 15,448 | 15,448 | (c) | 15,448 | — | |||||||||||||||||||||||||||||
Investor Class | 15,448 | (15,448) | (c) | — | (15,448) | (c) | — | — | ||||||||||||||||||||||||||||
Net Asset Value and Offering Price Per Share: | ||||||||||||||||||||||||||||||||||||
Class A | $ | $ | 8.44 | $ | 15.71 | $ | (8.44) | (d) | $ | 15.71 | $ | $ | 15.71 | $ | (8.44) | (d) | $ | 15.71 | ||||||||||||||||||
Class B | 8.41 | 15.63 | (8.41) | (d) | 15.63 | 15.63 | (8.41) | (d) | 15.63 | |||||||||||||||||||||||||||
Class C | 8.41 | 15.57 | (8.41) | (d) | 15.57 | 15.57 | (8.41) | (d) | 15.57 | |||||||||||||||||||||||||||
Class P | 17.78 | (d) | 17.78 | 17.78 | (d) | 17.78 | — | |||||||||||||||||||||||||||||
Investor Class | 17.78 | (17.78) | (d) | — | (17.78) | (d) | — | — | ||||||||||||||||||||||||||||
Investment Securities, at cost | $ | 293,087 | $ | 25,427 | $ | 96,896 | $ | — | $ | 415,410 | $ | — | $ | 389,983 | $ | — | $ | 122,323 | ||||||||||||||||||
Repurchase agreement, at cost | 2,429 | 294 | 929 | 3,652 | 3,358 | 1,223 |
(a) - (j) | See Note 2 of the Notes to the Pro Forma Financial Statements. |
S-5
Transamerica Balanced
PRO FORMA STATEMENT OF OPERATIONS
For the twelve months ended April 30, 2009
(all amounts in thousands)
Assuming only the Transamerica Premier Balanced | Assuming only the Transamerica Value Balanced | |||||||||||||||||||||||||||||||||||
Transamerica | Fund Reorganization | Reorganization | ||||||||||||||||||||||||||||||||||
Premier Balanced | Transamerica Value | Transamerica | Combined | Combined | Combined | |||||||||||||||||||||||||||||||
Fund | Balanced | Balanced | Adjustments | Pro Forma Fund | Adjustments | Pro Forma Fund | Adjustments | Pro Forma Fund | ||||||||||||||||||||||||||||
Investment Income: | ||||||||||||||||||||||||||||||||||||
Dividend Income | $ | 3,373 | $ | 834 | $ | 1,124 | $ | $ | 5,331 | $ | $ | 4,497 | $ | $ | 1,958 | |||||||||||||||||||||
Withholding taxes on foreign dividends | 1 | (3 | ) | — | (2 | ) | 1 | (3 | ) | |||||||||||||||||||||||||||
Interest | 6,676 | 711 | 2,406 | 9,793 | 9,082 | 3,117 | ||||||||||||||||||||||||||||||
Income from loaned securities-net | 241 | 29 | 92 | 362 | 333 | 121 | ||||||||||||||||||||||||||||||
10,291 | 1,571 | 3,622 | — | 15,484 | — | 13,913 | — | 5,193 | ||||||||||||||||||||||||||||
Expenses: | ||||||||||||||||||||||||||||||||||||
Management and advisory fees | 2,400 | 261 | 904 | 80 | (e) | 3,645 | 79 | (e) | 3,383 | (55) | (e) | 1,110 | ||||||||||||||||||||||||
Printing and shareholder reports | 43 | (5 | ) | (3 | ) | 35 | 40 | (8 | ) | |||||||||||||||||||||||||||
Custody fees | 47 | 18 | 24 | (37) | (f) | 52 | (22) | (f) | 49 | (15) | (f) | 27 | ||||||||||||||||||||||||
Administration fees | 76 | 8 | 23 | 107 | 99 | 31 | ||||||||||||||||||||||||||||||
Legal fees | 17 | 1 | 3 | 21 | 20 | 4 | ||||||||||||||||||||||||||||||
Audit fees | 29 | 22 | 20 | (38) | (g) | 33 | (24) | (g) | 25 | (14) | (g) | 28 | ||||||||||||||||||||||||
Trustees fees | 18 | 1 | 3 | 22 | 21 | 4 | ||||||||||||||||||||||||||||||
Registration fees | 35 | 1 | 13 | 49 | 48 | 14 | ||||||||||||||||||||||||||||||
Distribution and service fees: | ||||||||||||||||||||||||||||||||||||
Class A | 73 | 193 | 266 | 193 | 266 | |||||||||||||||||||||||||||||||
Class B | 73 | 381 | 454 | 381 | 454 | |||||||||||||||||||||||||||||||
Class C | 67 | 200 | 267 | 200 | 267 | |||||||||||||||||||||||||||||||
Class P | 843 | (h) | 843 | 843 | (h) | 843 | — | |||||||||||||||||||||||||||||
Investor Class | 843 | (843) | (h) | — | (843) | (h) | — | — | ||||||||||||||||||||||||||||
Transfer agent fees | ||||||||||||||||||||||||||||||||||||
Class A | 74 | 192 | 266 | 192 | 266 | |||||||||||||||||||||||||||||||
Class B | 34 | 135 | 169 | 135 | 169 | |||||||||||||||||||||||||||||||
Class C | 16 | 49 | 65 | 49 | 65 | |||||||||||||||||||||||||||||||
Class P | 752 | (i) | 752 | 752 | (i) | 752 | — | |||||||||||||||||||||||||||||
Investor Class | 752 | (752) | (i) | — | (752) | (i) | — | — | ||||||||||||||||||||||||||||
Other | 4 | 31 | 25 | 60 | 29 | 56 | ||||||||||||||||||||||||||||||
Total expenses | 4,264 | 675 | 2,162 | 5 | 7,106 | 33 | 6,459 | (84 | ) | 2,753 | ||||||||||||||||||||||||||
Class expense reimbursed (recaptured): | ||||||||||||||||||||||||||||||||||||
Class A | (26 | ) | 26 | (j) | — | — | 26 | (j) | — | |||||||||||||||||||||||||||
Class B | (16 | ) | 16 | (j) | — | — | 16 | (j) | — | |||||||||||||||||||||||||||
Class C | (1 | ) | 1 | (j) | — | — | 1 | (j) | — | |||||||||||||||||||||||||||
Class P | (676) | (j) | (676 | ) | (676) | (j) | (676 | ) | — | |||||||||||||||||||||||||||
Investor Class | (547 | ) | 547 | (j) | — | 547 | (j) | — | — | |||||||||||||||||||||||||||
Total reimbursement of expenses | (547 | ) | (44 | ) | (86 | ) | (676 | ) | (129 | ) | (676 | ) | 44 | — | ||||||||||||||||||||||
Net Investment Income | 6,574 | 940 | 1,460 | 81 | 9,054 | 96 | 8,130 | 40 | 2,440 | |||||||||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||||||||||||||||||
Investment securities | (31,772 | ) | (7,410 | ) | (9,780 | ) | — | (48,962 | ) | (41,552 | ) | (17,190 | ) | |||||||||||||||||||||||
Futures Contracts | 1 | 1 | 1 | 1 | ||||||||||||||||||||||||||||||||
(31,772 | ) | (7,410 | ) | (9,779 | ) | — | (48,961 | ) | — | (41,551 | ) | — | (17,189 | ) | ||||||||||||||||||||||
Net Increase (Decrease) in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||||||||||||||||||
Investment securities | (197,959 | ) | (6,579 | ) | (29,112 | ) | — | (233,650 | ) | (227,071 | ) | (35,691 | ) | |||||||||||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | (6 | ) | — | (6 | ) | (6 | ) | (6 | ) | |||||||||||||||||||||||||
(197,959 | ) | (6,579 | ) | (29,118 | ) | — | (233,656 | ) | — | (227,077 | ) | — | (35,697 | ) | ||||||||||||||||||||||
Net Realized and Unrealized Loss | (229,731 | ) | (13,989 | ) | (38,897 | ) | — | (282,617 | ) | — | (268,628 | ) | — | (52,886 | ) | |||||||||||||||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (223,157 | ) | $ | (13,049 | ) | $ | (37,437 | ) | $ | 81 | $ | (273,563 | ) | $ | 96 | $ | (260,498 | ) | $ | 40 | $ | (50,446 | ) | ||||||||||||
(a) - (j) | See Note 2 of the Notes to the Pro Forma Financial Statements. |
S-6
At April 30, 2009
(all amounts except per share amounts in thousands)
Transamerica Premier | ||||||||||||||||||||||||||||||||||||||||||||||||||
Transamerica Premier | Institutional Diversified | Transamerica Science & | Transamerica Templeton | Combined | ||||||||||||||||||||||||||||||||||||||||||||||
Diversified Equity Fund | Equity Fund | Technology | Global | Pro Forma Fund | ||||||||||||||||||||||||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | Shares | Value | Shares | Value | |||||||||||||||||||||||||||||||||||||||||
COMMON STOCK (97.7%) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aerospace & Defense | ||||||||||||||||||||||||||||||||||||||||||||||||||
BAE Systems PLC | — | $ | — | — | $ | — | — | $ | — | 112,160 | $ | 594 | 112,160 | $ | 594 | |||||||||||||||||||||||||||||||||||
Boeing Co. | 22,500 | 901 | 50 | 2 | — | — | — | — | 22,550 | 903 | ||||||||||||||||||||||||||||||||||||||||
Empresa Brasileira de Aeronautica SA ADR | — | — | — | — | — | — | 25,360 | 411 | 25,360 | 411 | ||||||||||||||||||||||||||||||||||||||||
Hexcel Corp. | — | — | — | — | 136,000 | 1,304 | — | — | 136,000 | 1,304 | ||||||||||||||||||||||||||||||||||||||||
Lockheed Martin Corp. | 40,000 | 3,141 | 85 | 7 | — | — | — | — | 40,085 | 3,148 | ||||||||||||||||||||||||||||||||||||||||
Precision Castparts Corp. | 90,000 | 6,737 | 210 | 16 | — | — | — | — | 90,210 | 6,753 | ||||||||||||||||||||||||||||||||||||||||
Raytheon Co. | — | — | — | — | — | — | 31,000 | 1,402 | 31,000 | 1,402 | ||||||||||||||||||||||||||||||||||||||||
Rolls-Royce Group PLC | § | — | — | — | — | — | — | 120,661 | 603 | 120,661 | 603 | |||||||||||||||||||||||||||||||||||||||
Rolls-Royce Group PLC -Class C | ə | — | — | — | — | — | — | 10,352,713 | 15 | 10,352,713 | 15 | |||||||||||||||||||||||||||||||||||||||
Air Freight & Logistics | ||||||||||||||||||||||||||||||||||||||||||||||||||
CH Robinson Worldwide, Inc. | 40,000 | 2,126 | 90 | 5 | — | — | — | — | 40,090 | 2,131 | ||||||||||||||||||||||||||||||||||||||||
Deutsche Post AG | — | — | — | — | — | — | 42,130 | 488 | 42,130 | 488 | ||||||||||||||||||||||||||||||||||||||||
Expeditors International of Washington, Inc. | 58,000 | 2,013 | 130 | 5 | — | — | 26,000 | 902 | 84,130 | 2,920 | ||||||||||||||||||||||||||||||||||||||||
Auto Components | ||||||||||||||||||||||||||||||||||||||||||||||||||
BorgWarner, Inc. | 200,000 | 5,790 | 500 | 14 | — | — | 37,300 | 1,080 | 237,800 | 6,884 | ||||||||||||||||||||||||||||||||||||||||
Johnson Controls, Inc. | 330,000 | 6,273 | 720 | 14 | — | — | 75,000 | 1,426 | 405,720 | 7,713 | ||||||||||||||||||||||||||||||||||||||||
Michelin -Class B | — | — | — | — | — | — | 10,407 | 537 | 10,407 | 537 | ||||||||||||||||||||||||||||||||||||||||
Automobiles | ||||||||||||||||||||||||||||||||||||||||||||||||||
Bayerische Motoren Werke AG | — | — | — | — | — | — | 21,040 | 731 | 21,040 | 731 | ||||||||||||||||||||||||||||||||||||||||
Toyota Motor Corp. | — | — | — | — | — | — | 13,100 | 511 | 13,100 | 511 | ||||||||||||||||||||||||||||||||||||||||
Beverages | ||||||||||||||||||||||||||||||||||||||||||||||||||
PepsiCo, Inc. | 40,000 | 1,990 | 100 | 5 | — | — | — | — | 40,100 | 1,995 | ||||||||||||||||||||||||||||||||||||||||
Biotechnology | ||||||||||||||||||||||||||||||||||||||||||||||||||
Gilead Sciences, Inc. | — | — | — | — | 20,700 | 948 | 51,500 | 2,359 | 72,200 | 3,307 | ||||||||||||||||||||||||||||||||||||||||
Capital Markets | ||||||||||||||||||||||||||||||||||||||||||||||||||
BlackRock, Inc. -Class A | 34,000 | 4,982 | 80 | 12 | — | — | — | — | 34,080 | 4,994 | ||||||||||||||||||||||||||||||||||||||||
Charles Schwab Corp. | 410,000 | 7,577 | 900 | 17 | — | — | 70,285 | 1,299 | 481,185 | 8,893 | ||||||||||||||||||||||||||||||||||||||||
T. Rowe Price Group, Inc. | 140,000 | 5,393 | 200 | 8 | — | — | 30,000 | 1,156 | 170,200 | 6,557 | ||||||||||||||||||||||||||||||||||||||||
UBS AG | — | — | — | — | — | — | 17,015 | 238 | 17,015 | 238 | ||||||||||||||||||||||||||||||||||||||||
Chemicals | ||||||||||||||||||||||||||||||||||||||||||||||||||
Akzo Nobel NV | — | — | — | — | — | — | 5,540 | 234 | 5,540 | 234 | ||||||||||||||||||||||||||||||||||||||||
Ecolab, Inc. | 128,000 | 4,934 | 290 | 11 | — | — | 31,500 | 1,214 | 159,790 | 6,159 | ||||||||||||||||||||||||||||||||||||||||
Monsanto Co. | 30,000 | 2,547 | 70 | 6 | — | — | 4,300 | 365 | 34,370 | 2,918 | ||||||||||||||||||||||||||||||||||||||||
Praxair, Inc. | — | — | — | — | — | — | 31,000 | 2,313 | 31,000 | 2,313 | ||||||||||||||||||||||||||||||||||||||||
Sigma-Aldrich Corp. | 135,000 | 5,918 | 310 | 14 | — | — | 36,000 | 1,578 | 171,310 | 7,510 | ||||||||||||||||||||||||||||||||||||||||
Commercial Banks | ||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander SA | — | — | — | — | — | — | 25,719 | 247 | 25,719 | 247 | ||||||||||||||||||||||||||||||||||||||||
DBS Group Holdings, Ltd. ADR | — | — | — | — | — | — | 132,410 | 926 | 132,410 | 926 | ||||||||||||||||||||||||||||||||||||||||
HSBC Holdings PLC ADR | — | — | — | — | — | — | 39,039 | 286 | 39,039 | 286 | ||||||||||||||||||||||||||||||||||||||||
KB Financial Group, Inc. ADR | — | — | — | — | — | — | 8,150 | 260 | 8,150 | 260 | ||||||||||||||||||||||||||||||||||||||||
Mitsubishi UFJ Financial Group, Inc. ADR | — | — | — | — | — | — | 32,270 | 175 | 32,270 | 175 | ||||||||||||||||||||||||||||||||||||||||
National Australia Bank, Ltd. | — | — | — | — | — | — | 34,025 | 510 | 34,025 | 510 | ||||||||||||||||||||||||||||||||||||||||
Nordea Bank AB | — | — | — | — | — | — | 67,010 | 492 | 67,010 | 492 | ||||||||||||||||||||||||||||||||||||||||
UniCredit SpA | — | — | — | — | — | — | 173,709 | 430 | 173,709 | 430 | ||||||||||||||||||||||||||||||||||||||||
Wells Fargo & Co. | — | — | — | — | — | — | 58,800 | 1,177 | 58,800 | 1,177 | ||||||||||||||||||||||||||||||||||||||||
Commercial Services & Supplies | ||||||||||||||||||||||||||||||||||||||||||||||||||
Brambles, Ltd. | — | — | — | — | — | — | 55,748 | 240 | 55,748 | 240 | ||||||||||||||||||||||||||||||||||||||||
Group 4 Securicor PLC | — | — | — | — | — | — | 161,830 | 452 | 161,830 | 452 | ||||||||||||||||||||||||||||||||||||||||
Loomis AB | — | — | — | — | — | — | 5,150 | 44 | 5,150 | 44 | ||||||||||||||||||||||||||||||||||||||||
Communications Equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||
Cisco Systems, Inc. | — | — | — | — | 30,000 | 580 | 50,000 | 966 | 80,000 | 1,546 | ||||||||||||||||||||||||||||||||||||||||
F5 Networks, Inc. | — | — | — | — | 55,500 | 1,513 | — | — | 55,500 | 1,513 | ||||||||||||||||||||||||||||||||||||||||
Juniper Networks, Inc. | — | — | — | — | 45,000 | 974 | — | — | 45,000 | 974 | ||||||||||||||||||||||||||||||||||||||||
Palm, Inc. | — | — | — | — | 221,500 | 2,324 | — | — | 221,500 | 2,324 | ||||||||||||||||||||||||||||||||||||||||
Polycom, Inc. | — | — | — | — | 120,000 | 2,237 | — | — | 120,000 | 2,237 | ||||||||||||||||||||||||||||||||||||||||
Qualcomm, Inc. | 90,000 | 3,809 | 210 | 9 | 33,000 | 1,397 | 51,500 | 2,179 | 174,710 | 7,394 | ||||||||||||||||||||||||||||||||||||||||
Computers & Peripherals | ||||||||||||||||||||||||||||||||||||||||||||||||||
Apple, Inc. | 62,000 | 7,801 | 150 | 19 | 15,900 | 2,001 | 20,100 | 2,529 | 98,150 | 12,350 | ||||||||||||||||||||||||||||||||||||||||
Data Domain, Inc. | — | — | — | — | 135,500 | 2,247 | — | — | 135,500 | 2,247 | ||||||||||||||||||||||||||||||||||||||||
EMC Corp. -Series MA | — | — | — | — | 85,500 | 1,071 | — | — | 85,500 | 1,071 | ||||||||||||||||||||||||||||||||||||||||
Hewlett-Packard Co. | 195,000 | 7,016 | 450 | 16 | — | — | 11,000 | 396 | 206,450 | 7,428 | ||||||||||||||||||||||||||||||||||||||||
International Business Machines Corp. | — | — | — | — | — | — | 9,500 | 980 | 9,500 | 980 | ||||||||||||||||||||||||||||||||||||||||
Lite-On Technology Corp. GDR | — | — | — | — | — | — | 30,712 | 246 | 30,712 | 246 | ||||||||||||||||||||||||||||||||||||||||
Construction & Engineering | ||||||||||||||||||||||||||||||||||||||||||||||||||
Jacobs Engineering Group, Inc. | 85,000 | 3,233 | 200 | 8 | — | — | 20,000 | 761 | 105,200 | 4,002 | ||||||||||||||||||||||||||||||||||||||||
Construction Materials | ||||||||||||||||||||||||||||||||||||||||||||||||||
CRH PLC | — | — | — | — | — | — | 21,612 | 564 | 21,612 | 564 | ||||||||||||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||||||||||||||||||||
Promise Co., Ltd. | — | — | — | — | — | — | 26,150 | 344 | 26,150 | 344 | ||||||||||||||||||||||||||||||||||||||||
Diversified Consumer Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Capella Education Co. | — | — | — | — | 11,100 | 570 | — | — | 11,100 | 570 | ||||||||||||||||||||||||||||||||||||||||
Diversified Financial Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Bank of America Corp. | 180,495 | 1,612 | 403 | 4 | — | — | — | — | 180,898 | 1,616 | ||||||||||||||||||||||||||||||||||||||||
ING Groep NV ADR | — | — | — | — | — | — | 42,040 | 391 | 42,040 | 391 | ||||||||||||||||||||||||||||||||||||||||
JPMorgan Chase & Co. | 170,000 | 5,610 | 370 | 12 | — | — | — | — | 170,370 | 5,622 |
S-7
Transamerica Premier | ||||||||||||||||||||||||||||||||||||||||||||||||||
Transamerica Premier | Institutional Diversified | Transamerica Science & | Transamerica Templeton | Combined | ||||||||||||||||||||||||||||||||||||||||||||||
Diversified Equity Fund | Equity Fund | Technology | Global | Pro Forma Fund | ||||||||||||||||||||||||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | Shares | Value | Shares | Value | |||||||||||||||||||||||||||||||||||||||||
Diversified Telecommunication Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
AT&T, Inc. | — | — | — | — | 54,100 | 1,386 | 37,000 | 948 | 91,100 | 2,334 | ||||||||||||||||||||||||||||||||||||||||
China Telecom Corp., Ltd. | — | — | — | — | — | — | 670,000 | 333 | 670,000 | 333 | ||||||||||||||||||||||||||||||||||||||||
Chunghwa Telecom Co., Ltd. ADR | — | — | — | — | — | — | 11,348 | 214 | 11,348 | 214 | ||||||||||||||||||||||||||||||||||||||||
France Telecom SA | — | — | — | — | — | — | 47,180 | 1,053 | 47,180 | 1,053 | ||||||||||||||||||||||||||||||||||||||||
Singapore Telecommunications, Ltd. | — | — | — | — | — | — | 378,000 | 654 | 378,000 | 654 | ||||||||||||||||||||||||||||||||||||||||
Telefonica SA | — | — | — | — | — | — | 57,454 | 1,095 | 57,454 | 1,095 | ||||||||||||||||||||||||||||||||||||||||
Telekom Austria AG | — | — | — | — | — | — | 41,880 | 555 | 41,880 | 555 | ||||||||||||||||||||||||||||||||||||||||
Telenor ASA | — | — | — | — | — | — | 88,850 | 558 | 88,850 | 558 | ||||||||||||||||||||||||||||||||||||||||
Verizon Communications, Inc. | 255,000 | 7,737 | 600 | 18 | 45,000 | 1,365 | — | — | 300,600 | 9,120 | ||||||||||||||||||||||||||||||||||||||||
Electric Utilities | ||||||||||||||||||||||||||||||||||||||||||||||||||
E.ON AG ADR | — | — | — | — | — | — | 24,540 | 826 | 24,540 | 826 | ||||||||||||||||||||||||||||||||||||||||
Electrical Equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||
Emerson Electric Co. | — | — | — | — | — | — | 23,500 | 800 | 23,500 | 800 | ||||||||||||||||||||||||||||||||||||||||
Vestas Wind Systems | — | — | — | — | — | — | 6,730 | 444 | 6,730 | 444 | ||||||||||||||||||||||||||||||||||||||||
Electronic Equipment & Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||
DTS, Inc. | — | — | — | — | 32,000 | 853 | — | — | 32,000 | 853 | ||||||||||||||||||||||||||||||||||||||||
Flextronics International, Ltd. | — | — | — | — | — | — | 61,830 | 240 | 61,830 | 240 | ||||||||||||||||||||||||||||||||||||||||
FLIR Systems, Inc. | — | — | — | — | 53,500 | 1,187 | — | — | 53,500 | 1,187 | ||||||||||||||||||||||||||||||||||||||||
Fujifilm Holdings Corp. | — | — | — | — | — | — | 16,700 | 423 | 16,700 | 423 | ||||||||||||||||||||||||||||||||||||||||
Itron, Inc. | — | — | — | — | 24,000 | 1,104 | — | — | 24,000 | 1,104 | ||||||||||||||||||||||||||||||||||||||||
Mabuchi Motor Co., Ltd. | — | — | — | — | — | — | 12,400 | 560 | 12,400 | 560 | ||||||||||||||||||||||||||||||||||||||||
Tyco Electronics, Ltd. | 230,000 | 4,011 | 520 | 9 | — | — | 36,945 | 644 | 267,465 | 4,664 | ||||||||||||||||||||||||||||||||||||||||
Energy Equipment & Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Aker Kvaerner ASA | — | — | — | — | — | — | 17,210 | 106 | 17,210 | 106 | ||||||||||||||||||||||||||||||||||||||||
Schlumberger, Ltd. | 30,000 | 1,470 | 75 | 4 | — | — | — | — | 30,075 | 1,474 | ||||||||||||||||||||||||||||||||||||||||
Food & Staples Retailing | ||||||||||||||||||||||||||||||||||||||||||||||||||
Costco Wholesale Corp. | 78,000 | 3,791 | 170 | 8 | — | — | — | — | 78,170 | 3,799 | ||||||||||||||||||||||||||||||||||||||||
Tesco PLC | — | — | — | — | — | — | 103,780 | 518 | 103,780 | 518 | ||||||||||||||||||||||||||||||||||||||||
Wal-Mart Stores, Inc. | — | — | — | — | — | — | 15,985 | 806 | 15,985 | 806 | ||||||||||||||||||||||||||||||||||||||||
Food Products | ||||||||||||||||||||||||||||||||||||||||||||||||||
Cadbury PLC | — | — | — | — | — | — | 38,348 | 288 | 38,348 | 288 | ||||||||||||||||||||||||||||||||||||||||
Nestle SA ADR | — | — | — | — | — | — | 24,375 | 791 | 24,375 | 791 | ||||||||||||||||||||||||||||||||||||||||
Unilever PLC | — | — | — | — | — | — | 34,487 | 677 | 34,487 | 677 | ||||||||||||||||||||||||||||||||||||||||
Health Care Equipment & Supplies | ||||||||||||||||||||||||||||||||||||||||||||||||||
Becton Dickinson & Co. | 75,000 | 4,536 | 175 | 11 | — | — | 14,000 | 847 | 89,175 | 5,394 | ||||||||||||||||||||||||||||||||||||||||
Covidien, Ltd. | 55,000 | 1,814 | 130 | 4 | 24,700 | 815 | — | — | 79,830 | 2,633 | ||||||||||||||||||||||||||||||||||||||||
Intuitive Surgical, Inc. | — | — | — | — | 9,700 | 1,394 | — | — | 9,700 | 1,394 | ||||||||||||||||||||||||||||||||||||||||
NuVasive, Inc. | — | — | — | — | 38,000 | 1,440 | — | — | 38,000 | 1,440 | ||||||||||||||||||||||||||||||||||||||||
Olympus Corp. | — | — | — | — | — | — | 27,800 | 451 | 27,800 | 451 | ||||||||||||||||||||||||||||||||||||||||
Varian Medical Systems, Inc. | — | — | — | — | — | — | 22,015 | 735 | 22,015 | 735 | ||||||||||||||||||||||||||||||||||||||||
Celesio AG | — | — | — | — | — | — | 19,660 | 437 | 19,660 | 437 | ||||||||||||||||||||||||||||||||||||||||
Hotels, Restaurants & Leisure | ||||||||||||||||||||||||||||||||||||||||||||||||||
Accor SA | — | — | — | — | — | — | 7,040 | 300 | 7,040 | 300 | ||||||||||||||||||||||||||||||||||||||||
Autogrill SpA | — | — | — | — | — | — | 32,781 | 251 | 32,781 | 251 | ||||||||||||||||||||||||||||||||||||||||
Compass Group PLC | — | — | — | — | — | — | 92,320 | 442 | 92,320 | 442 | ||||||||||||||||||||||||||||||||||||||||
Household Durables | ||||||||||||||||||||||||||||||||||||||||||||||||||
Sony Corp. ADR | — | — | — | — | — | — | 10,560 | 273 | 10,560 | 273 | ||||||||||||||||||||||||||||||||||||||||
Industrial Conglomerates | ||||||||||||||||||||||||||||||||||||||||||||||||||
General Electric Co. | — | — | — | — | — | — | 92,000 | 1,164 | 92,000 | 1,164 | ||||||||||||||||||||||||||||||||||||||||
Hutchison Whampoa, Ltd. | — | — | — | — | — | — | 59,000 | 350 | 59,000 | 350 | ||||||||||||||||||||||||||||||||||||||||
Koninklijke Philips Electronics NV | — | — | — | — | — | — | 33,360 | 607 | 33,360 | 607 | ||||||||||||||||||||||||||||||||||||||||
Siemens AG | — | — | — | — | — | — | 11,760 | 794 | 11,760 | 794 | ||||||||||||||||||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||
ACE, Ltd. | — | — | — | — | — | — | 18,590 | 861 | 18,590 | 861 | ||||||||||||||||||||||||||||||||||||||||
Aviva PLC | — | — | — | — | — | — | 92,990 | 434 | 92,990 | 434 | ||||||||||||||||||||||||||||||||||||||||
AXA SA | — | — | — | — | — | — | 36,800 | 621 | 36,800 | 621 | ||||||||||||||||||||||||||||||||||||||||
Muenchener Rueckversicherungs AG | — | — | — | — | — | — | 4,810 | 666 | 4,810 | 666 | ||||||||||||||||||||||||||||||||||||||||
Swiss Reinsurance | — | — | — | — | — | — | 11,470 | 276 | 11,470 | 276 | ||||||||||||||||||||||||||||||||||||||||
Internet & Catalog Retail | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amazon.com, Inc. | 105,000 | 8,455 | 240 | 19 | 29,500 | 2,375 | 34,000 | 2,738 | 168,740 | 13,587 | ||||||||||||||||||||||||||||||||||||||||
priceline.com, Inc. | — | — | — | — | 11,400 | 1,107 | — | — | 11,400 | 1,107 | ||||||||||||||||||||||||||||||||||||||||
Internet Software & Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Equinix, Inc. | — | — | — | — | 30,200 | 2,121 | — | — | 30,200 | 2,121 | ||||||||||||||||||||||||||||||||||||||||
Google, Inc. -Class A | 13,000 | 5,148 | 30 | 12 | 3,900 | 1,544 | 5,000 | 1,980 | 21,930 | 8,684 | ||||||||||||||||||||||||||||||||||||||||
Vocus, Inc. | — | — | — | — | 74,538 | 1,267 | — | — | 74,538 | 1,267 | ||||||||||||||||||||||||||||||||||||||||
IT Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Automatic Data Processing, Inc. | — | — | — | — | — | — | 23,330 | 821 | 23,330 | 821 | ||||||||||||||||||||||||||||||||||||||||
Leisure Equipment & Products | ||||||||||||||||||||||||||||||||||||||||||||||||||
Hasbro, Inc. | 113,300 | 3,021 | 250 | 7 | — | — | — | — | 113,550 | 3,028 | ||||||||||||||||||||||||||||||||||||||||
Life Sciences Tools & Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Lonza Group AG | — | — | — | — | — | — | 7,370 | 679 | 7,370 | 679 | ||||||||||||||||||||||||||||||||||||||||
Millipore Corp. | 35,000 | 2,069 | 80 | 5 | — | — | — | — | 35,080 | 2,074 | ||||||||||||||||||||||||||||||||||||||||
Machinery | ||||||||||||||||||||||||||||||||||||||||||||||||||
Caterpillar, Inc. | 70,000 | 2,491 | 160 | 6 | — | — | 17,695 | 630 | 87,855 | 3,127 | ||||||||||||||||||||||||||||||||||||||||
Donaldson Co., Inc. | 100,000 | 3,299 | 240 | 8 | — | — | — | — | 100,240 | 3,307 | ||||||||||||||||||||||||||||||||||||||||
Kennametal, Inc. | 320,000 | 6,544 | 720 | 15 | — | — | — | — | 320,720 | 6,559 | ||||||||||||||||||||||||||||||||||||||||
PACCAR, Inc. | 155,000 | 5,493 | 350 | 12 | — | — | 36,000 | 1,276 | 191,350 | 6,781 | ||||||||||||||||||||||||||||||||||||||||
Media | ||||||||||||||||||||||||||||||||||||||||||||||||||
British Sky Broadcasting Group PLC | — | — | — | — | — | — | 79,790 | 575 | 79,790 | 575 | ||||||||||||||||||||||||||||||||||||||||
Pearson PLC | — | — | — | — | — | — | 31,090 | 325 | 31,090 | 325 | ||||||||||||||||||||||||||||||||||||||||
Reed Elsevier NV | — | — | — | — | — | — | 26,984 | 298 | 26,984 | 298 | ||||||||||||||||||||||||||||||||||||||||
Vivendi | — | — | — | — | — | — | 26,410 | 715 | 26,410 | 715 | ||||||||||||||||||||||||||||||||||||||||
Walt Disney Co. | 250,000 | 5,475 | 555 | 12 | — | — | 38,000 | 832 | 288,555 | 6,319 | ||||||||||||||||||||||||||||||||||||||||
Metals & Mining | ||||||||||||||||||||||||||||||||||||||||||||||||||
Alumina, Ltd. | § | — | — | — | — | — | — | 96,049 | 104 | 96,049 | 104 | |||||||||||||||||||||||||||||||||||||||
Cia Vale do Rio Doce — Class B ADR | — | — | — | — | — | — | 15,230 | 251 | 15,230 | 251 | ||||||||||||||||||||||||||||||||||||||||
Multi-Utilities | ||||||||||||||||||||||||||||||||||||||||||||||||||
GDF Suez | — | — | — | — | — | — | 14,448 | 522 | 14,448 | 522 | ||||||||||||||||||||||||||||||||||||||||
Suez Environnement SA | — | — | — | — | — | — | 3,787 | 58 | 3,787 | 58 | ||||||||||||||||||||||||||||||||||||||||
Office Electronics | ||||||||||||||||||||||||||||||||||||||||||||||||||
Konica Minolta Holdings, Inc. | — | — | — | — | — | — | 54,500 | 443 | 54,500 | 443 | ||||||||||||||||||||||||||||||||||||||||
Oil, Gas & Consumable Fuels | ||||||||||||||||||||||||||||||||||||||||||||||||||
Anadarko Petroleum Corp. | 49,000 | 2,110 | 115 | 5 | — | — | — | — | 49,115 | 2,115 |
S-8
Transamerica Premier | ||||||||||||||||||||||||||||||||||||||||||||||||||
Transamerica Premier | Institutional Diversified | Transamerica Science & | Transamerica Templeton | Combined | ||||||||||||||||||||||||||||||||||||||||||||||
Diversified Equity Fund | Equity Fund | Technology | Global | Pro Forma Fund | ||||||||||||||||||||||||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | Shares | Value | Shares | Value | |||||||||||||||||||||||||||||||||||||||||
BP PLC ADR | — | — | — | — | — | — | 18,170 | 771 | 18,170 | 771 | ||||||||||||||||||||||||||||||||||||||||
ENI SpA ADR | — | — | — | — | — | — | 17,185 | 734 | 17,185 | 734 | ||||||||||||||||||||||||||||||||||||||||
Petroleo Brasileiro SA -Class A ADR | — | — | — | — | — | — | 13,480 | 364 | 13,480 | 364 | ||||||||||||||||||||||||||||||||||||||||
Royal Dutch Shell PLC -Class B | — | — | — | — | — | — | 29,130 | 671 | 29,130 | 671 | ||||||||||||||||||||||||||||||||||||||||
Sasol, Ltd. ADR | — | — | — | — | — | — | 16,850 | 507 | 16,850 | 507 | ||||||||||||||||||||||||||||||||||||||||
Statoilhydro ASA | — | — | — | — | — | — | 11,180 | 213 | 11,180 | 213 | ||||||||||||||||||||||||||||||||||||||||
Total SA | — | — | — | — | — | — | 21,742 | 1,103 | 21,742 | 1,103 | ||||||||||||||||||||||||||||||||||||||||
Paper & Forest Products | ||||||||||||||||||||||||||||||||||||||||||||||||||
Weyerhaeuser Co. | 160,000 | 5,641 | 350 | 11 | — | — | — | — | 160,350 | 5,652 | ||||||||||||||||||||||||||||||||||||||||
Pharmaceuticals | ||||||||||||||||||||||||||||||||||||||||||||||||||
Allergan, Inc. | — | — | — | — | 24,200 | 1,129 | 6,730 | 314 | 30,930 | 1,443 | ||||||||||||||||||||||||||||||||||||||||
GlaxoSmithKline PLC | — | — | — | — | — | — | 44,309 | 688 | 44,309 | 688 | ||||||||||||||||||||||||||||||||||||||||
Merck KGAA | — | — | — | — | — | — | 6,870 | 618 | 6,870 | 618 | ||||||||||||||||||||||||||||||||||||||||
Novartis AG ADR | — | — | — | — | — | — | 16,740 | 635 | 16,740 | 635 | ||||||||||||||||||||||||||||||||||||||||
Roche Holding AG-Genusschein | — | — | — | — | — | — | 2,640 | 334 | 2,640 | 334 | ||||||||||||||||||||||||||||||||||||||||
Sanofi-Aventis SA | — | — | — | — | — | — | 16,139 | 935 | 16,139 | 935 | ||||||||||||||||||||||||||||||||||||||||
Takeda Pharmaceutical Co., Ltd. | — | — | — | — | — | — | 8,300 | 295 | 8,300 | 295 | ||||||||||||||||||||||||||||||||||||||||
Teva Pharmaceutical Industries, Ltd. ADR | — | — | — | — | — | — | 12,495 | 548 | 12,495 | 548 | ||||||||||||||||||||||||||||||||||||||||
Professional Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Adecco SA | — | — | — | — | — | — | 12,770 | 506 | 12,770 | 506 | ||||||||||||||||||||||||||||||||||||||||
Randstad Holding NV | — | — | — | — | — | — | 12,460 | 288 | 12,460 | 288 | ||||||||||||||||||||||||||||||||||||||||
Real Estate Investment Trusts | ||||||||||||||||||||||||||||||||||||||||||||||||||
Plum Creek Timber Co., Inc. | 130,000 | 4,488 | 320 | 11 | — | — | — | — | 130,320 | 4,499 | ||||||||||||||||||||||||||||||||||||||||
Real Estate Management & Development | ||||||||||||||||||||||||||||||||||||||||||||||||||
Cheung Kong Holdings, Ltd. | — | — | — | — | — | — | 47,000 | 489 | 47,000 | 489 | ||||||||||||||||||||||||||||||||||||||||
Road & Rail | ||||||||||||||||||||||||||||||||||||||||||||||||||
Burlington Northern Santa Fe Corp. | 60,000 | 4,049 | 140 | 9 | — | — | — | — | 60,140 | 4,058 | ||||||||||||||||||||||||||||||||||||||||
Union Pacific Corp. | — | — | — | — | — | — | 23,000 | 1,130 | 23,000 | 1,130 | ||||||||||||||||||||||||||||||||||||||||
Semiconductors & Semiconductor Equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||
Intel Corp. | 255,000 | 4,024 | 500 | 8 | 32,000 | 505 | — | — | 287,500 | 4,537 | ||||||||||||||||||||||||||||||||||||||||
Samsung Electronics Co., Ltd. GDR | -144A | — | — | — | — | — | — | 4,030 | 915 | 4,030 | 915 | |||||||||||||||||||||||||||||||||||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | — | — | — | — | — | — | 62,781 | 664 | 62,781 | 664 | ||||||||||||||||||||||||||||||||||||||||
Software | ||||||||||||||||||||||||||||||||||||||||||||||||||
Activision Blizzard, Inc. | 160,000 | 1,723 | 400 | 4 | 182,500 | 1,966 | — | — | 342,900 | 3,693 | ||||||||||||||||||||||||||||||||||||||||
Adobe Systems, Inc. | 238,000 | 6,508 | 515 | 14 | 41,000 | 1,121 | — | — | 279,515 | 7,643 | ||||||||||||||||||||||||||||||||||||||||
Check Point Software Technologies | — | — | — | — | — | — | 24,050 | 557 | 24,050 | 557 | ||||||||||||||||||||||||||||||||||||||||
Concur Technologies, Inc. | — | — | — | — | 47,500 | 1,286 | — | — | 47,500 | 1,286 | ||||||||||||||||||||||||||||||||||||||||
Informatica Corp. | — | — | — | — | 63,000 | 1,002 | — | — | 63,000 | 1,002 | ||||||||||||||||||||||||||||||||||||||||
Intuit, Inc. | 160,000 | 3,701 | 350 | 8 | — | — | — | — | 160,350 | 3,709 | ||||||||||||||||||||||||||||||||||||||||
Nintendo Co., Ltd. — ADR | — | — | — | — | 30,200 | 1,016 | 2,200 | 587 | 32,400 | 1,603 | ||||||||||||||||||||||||||||||||||||||||
Nuance Communications, Inc. | — | — | — | — | 140,000 | 1,869 | — | — | 140,000 | 1,869 | ||||||||||||||||||||||||||||||||||||||||
Oracle Corp. | 215,000 | 4,158 | 475 | 9 | — | — | — | — | 215,475 | 4,167 | ||||||||||||||||||||||||||||||||||||||||
Salesforce.com, Inc. | 113,000 | 4,838 | 260 | 11 | 52,500 | 2,248 | — | — | 165,760 | 7,097 | ||||||||||||||||||||||||||||||||||||||||
SAP AG | — | — | — | — | — | — | 17,410 | 668 | 17,410 | 668 | ||||||||||||||||||||||||||||||||||||||||
Specialty Retail | ||||||||||||||||||||||||||||||||||||||||||||||||||
Kingfisher PLC ADR | — | — | — | — | — | — | 175,510 | 618 | 175,510 | 618 | ||||||||||||||||||||||||||||||||||||||||
USS Co., Ltd. | — | — | — | — | — | — | 7,410 | 334 | 7,410 | 334 | ||||||||||||||||||||||||||||||||||||||||
Textiles, Apparel & Luxury Goods | ||||||||||||||||||||||||||||||||||||||||||||||||||
Nike, Inc. -Class B | 100,000 | 5,247 | 200 | 10 | — | — | — | — | 100,200 | 5,257 | ||||||||||||||||||||||||||||||||||||||||
Trading Companies & Distributors | ||||||||||||||||||||||||||||||||||||||||||||||||||
Wolseley PLC | — | — | — | — | — | — | 14,163 | 257 | 14,163 | 257 | ||||||||||||||||||||||||||||||||||||||||
WW Grainger, Inc. | 62,000 | 5,201 | 100 | 8 | — | — | — | — | 62,100 | 5,209 | ||||||||||||||||||||||||||||||||||||||||
Wireless Telecommunication Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
American Tower Corp. -Class A | — | — | — | — | 32,000 | 1,016 | — | — | 32,000 | 1,016 | ||||||||||||||||||||||||||||||||||||||||
NII Holdings, Inc. | — | — | — | — | 60,600 | 979 | — | — | 60,600 | 979 | ||||||||||||||||||||||||||||||||||||||||
SBA Communications Corp. -Class A | — | — | — | — | 39,000 | 983 | — | — | 39,000 | 983 | ||||||||||||||||||||||||||||||||||||||||
Sprint Nextel Corp. | — | — | — | — | 370,000 | 1,613 | — | — | 370,000 | 1,613 | ||||||||||||||||||||||||||||||||||||||||
Turkcell Iletisim Hizmet AS ADR | — | — | — | — | — | — | 47,270 | 600 | 47,270 | 600 | ||||||||||||||||||||||||||||||||||||||||
Vodafone Group PLC | — | — | — | — | — | — | 618,342 | 1,140 | 618,342 | 1,140 | ||||||||||||||||||||||||||||||||||||||||
206,445 | 462 | 51,857 | 85,823 | 344,587 | ||||||||||||||||||||||||||||||||||||||||||||||
Total Cost $(237,242) | Total Cost $(516) | Total Cost $(53,572) | Total Cost $(111,883) | Total Cost $(403,213) |
Principal | Value | Principal | Value | Principal | Value | Principal | Value | Principal | Value | |||||||||||||||||||||||||||||||||||||
REPURCHASE AGREEMENT (2.1%) | ||||||||||||||||||||||||||||||||||||||||||||||
State Street Repurchase Agreement | $ | 5,732 | 5,732 | $ | 4 | 4 | $ | 693 | 693 | $ | 1,069 | 1,069 | $ | 7,498 | 7,498 | |||||||||||||||||||||||||||||||
0.01%, dated 04/30/09, to be repurchased at $7,498 on 05/01/2009 | 5,732 | 4 | 693 | 1,069 | 7,498 | |||||||||||||||||||||||||||||||||||||||||
Total Cost $(5,732) | Total Cost $(4) | Total Cost $(693 | ) | Total Cost $(1,069 | ) | Total Cost $(7,498) | ||||||||||||||||||||||||||||||||||||||||
Total Investment Securities Cost | 242,974 | 520 | 54,265 | 112,952 | 410,711 | |||||||||||||||||||||||||||||||||||||||||
Total Investment Securities Value | 212,177 | 466 | 52,550 | 86,892 | 352,085 | |||||||||||||||||||||||||||||||||||||||||
Other Assets and Liabilities, net | 176 | (6 | ) | (22 | ) | 354 | 502 | |||||||||||||||||||||||||||||||||||||||
Net Assets | $ | 212,353 | $ | 460 | $ | 52,528 | $ | 87,246 | $ | 352,587 | ||||||||||||||||||||||||||||||||||||
§ | Illiquid. These securities aggregated to $707, or 0.20%, of the Fund’s net assets. | |
ə | Securities fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. | |
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2009, these securities aggregated to $915, or 0.26%, of the Fund’s net assets. |
S-9
Assuming only the Transamerica Premier Diversified Equity | Assuming only the Transamerica Premier Diversified Institutional Equity | Assuming only the Transamerica Science and Technology | Assuming only the Transamerica Templeton Global | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Transamerica | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transamerica | Premier | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Premier | Institutional | Transamerica | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Diversified | Diversified | Science & | Transamerica | Combined | Combined | Combined | Combined | Combined | ||||||||||||||||||||||||||||||||||||||||||||||||
Equity Fund | Equity Fund | Technology | Templeton Global | Adjustments | Pro Forma Fund | Adjustments | Pro Forma Fund | Adjustments | Pro Forma Fund | Adjustments | Pro Forma Fund | Adjustments | Pro Forma Fund | |||||||||||||||||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities, at value | $ | 206,445 | $ | 462 | $ | 51,857 | $ | 85,823 | $ | $ | 344,587 | $ | 206,445 | $ | 462 | $ | 51,857 | $ | 85,823 | |||||||||||||||||||||||||||||||||||||
Repurchase agreement, at value | 5,732 | 4 | 693 | 1,069 | 7,498 | 5,732 | 4 | 693 | 1,069 | |||||||||||||||||||||||||||||||||||||||||||||||
Foreign Currency, at value | 303 | 303 | — | — | — | 303 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Cash Receivables: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities sold | — | — | — | 106 | 106 | — | — | — | 106 | |||||||||||||||||||||||||||||||||||||||||||||||
Shares sold | 134 | — | 16 | 12 | 162 | 134 | — | 16 | 12 | |||||||||||||||||||||||||||||||||||||||||||||||
Income from loaned securities | 1 | — | — | — | 1 | 1 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Dividends | 263 | 1 | 47 | 260 | 571 | 263 | 1 | 47 | 260 | |||||||||||||||||||||||||||||||||||||||||||||||
Dividend reclaims | 2 | — | — | 186 | 188 | 2 | — | — | 186 | |||||||||||||||||||||||||||||||||||||||||||||||
Due from advisor | — | 4 | — | — | 4 | — | 4 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Other | — | — | 4 | 119 | 123 | — | — | 4 | 119 | |||||||||||||||||||||||||||||||||||||||||||||||
212,577 | 471 | 52,617 | 87,878 | — | 353,543 | — | 212,577 | — | 471 | — | 52,617 | — | 87,878 | |||||||||||||||||||||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities purchased | — | — | — | 233 | 233 | — | — | — | 233 | |||||||||||||||||||||||||||||||||||||||||||||||
Shares redeemed | 3 | — | 4 | 118 | 125 | 3 | — | 4 | 118 | |||||||||||||||||||||||||||||||||||||||||||||||
Management and advisory fees | 84 | — | 26 | 26 | 136 | 84 | — | 26 | 26 | |||||||||||||||||||||||||||||||||||||||||||||||
Distribution and service fees | 41 | — | 3 | 35 | 79 | 41 | — | 3 | 35 | |||||||||||||||||||||||||||||||||||||||||||||||
Administration fees | 5 | — | 1 | 1 | 7 | 5 | — | 1 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||
Trustees fees | 1 | — | 4 | 120 | 125 | 1 | — | 4 | 120 | |||||||||||||||||||||||||||||||||||||||||||||||
Transfer agent fees | 68 | — | 4 | 57 | 129 | 68 | — | 4 | 57 | |||||||||||||||||||||||||||||||||||||||||||||||
Other | 22 | 11 | 47 | �� | 42 | 122 | 22 | 11 | 47 | 42 | ||||||||||||||||||||||||||||||||||||||||||||||
224 | 11 | 89 | 632 | — | 956 | — | 224 | — | 11 | — | 89 | — | 632 | |||||||||||||||||||||||||||||||||||||||||||
Net Assets | $ | 212,353 | $ | 460 | $ | 52,528 | $ | 87,246 | $ | — | $ | 352,587 | — | $ | 212,353 | — | $ | 460 | — | $ | 52,528 | — | $ | 87,246 | ||||||||||||||||||||||||||||||||
Net Assets Consist of: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 263,398 | $ | 561 | $ | 67,381 | $ | 424,150 | $ | (323,964 | )(a) | $ | 431,526 | $ | 263,398 | (46 | )(a) | $ | 515 | (13,136 | )(a) | $ | 54,245 | (310,782 | )(a) | $ | 113,368 | |||||||||||||||||||||||||||||
Undistributed net investment income | 939 | 2 | (108 | ) | 221 | (115 | )(a) | 939 | 939 | (2 | )(a) | — | 108 | (a) | — | (221 | )(a) | — | ||||||||||||||||||||||||||||||||||||||
Accumulated net realized loss from investment securities and foreign currency transactions | (21,187 | ) | (48 | ) | (13,028 | ) | (311,003 | ) | 324,079 | (a) | (21,187 | ) | (21,187 | ) | 48 | (a) | — | 13,028 | (a) | — | 311,003 | (a) | — | |||||||||||||||||||||||||||||||||
Net unrealized depreciation on: | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities | (30,797 | ) | (55 | ) | (1,717 | ) | (26,114 | ) | (58,683 | ) | (30,797 | ) | (55 | ) | (1,717 | ) | (26,114 | ) | ||||||||||||||||||||||||||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | — | (8 | ) | (8 | ) | — | — | — | (8 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Net Assets | $ | 212,353 | $ | 460 | $ | 52,528 | $ | 87,246 | $ | — | $ | 352,587 | — | $ | 212,353 | — | $ | 460 | — | $ | 52,528 | — | $ | 87,246 | ||||||||||||||||||||||||||||||||
Net Assets by Class: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | $ | $ | $ | 3,837 | $ | 66,634 | $ | $ | 70,471 | $ | — | $ | — | $ | 3,837 | $ | 66,634 | |||||||||||||||||||||||||||||||||||||||
Class B | 1,642 | 8,208 | 9,850 | — | — | 1,642 | 8,208 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class C | 1,260 | 12,404 | 13,664 | — | — | 1,260 | 12,404 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class I | 45,789 | 460 | (b) | 46,249 | — | 460 | (b) | 460 | 45,789 | — | ||||||||||||||||||||||||||||||||||||||||||||||
Class P | 212,353 | (b) | 212,353 | 212,353 | (b) | 212,353 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Investor Class | 212,353 | (212,353 | )(b) | — | (212,353 | )(b) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||
Institutional Class | 460 | (460 | )(b) | — | — | (460 | )(b) | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||
Shares Outstanding: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | 1,327 | 3,541 | 6,770 | (c) | 11,638 | — | — | (958 | )(c) | 369 | 2,860 | (c) | 6,401 | |||||||||||||||||||||||||||||||||||||||||||
Class B | 603 | 463 | 946 | (c) | 2,012 | — | — | (445 | )(c) | 158 | 325 | (c) | 788 | |||||||||||||||||||||||||||||||||||||||||||
Class C | 463 | 704 | 1,313 | (c) | 2,480 | — | — | (342 | )(c) | 121 | 488 | (c) | 1,192 | |||||||||||||||||||||||||||||||||||||||||||
Class I | 15,496 | 4,387 | (c) | 19,883 | — | 47 | (c) | 47 | (11,097 | )(c) | 4,399 | — | ||||||||||||||||||||||||||||||||||||||||||||
Class P | 20,393 | (c) | 20,393 | 20,393 | (c) | 20,393 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Investor Class | 20,393 | (20,393 | )(c) | — | (20,393 | )(c) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||
Institutional Class | 56 | (56 | )(c) | — | — | (56 | )(c) | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value and Offering Price Per Share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | 2.89 | 18.82 | (11.30 | )(d) | 10.41 | — | — | 7.52 | (d) | 10.41 | (8.41 | )(d) | 10.41 | |||||||||||||||||||||||||||||||||||||||||||
Class B | 2.72 | 17.75 | (10.06 | )(d) | 10.41 | — | — | 7.69 | (d) | 10.41 | (7.34 | )(d) | 10.41 | |||||||||||||||||||||||||||||||||||||||||||
Class C | 2.72 | 17.62 | (9.93 | )(d) | 10.41 | — | — | 7.69 | (d) | 10.41 | (7.21 | )(d) | 10.41 | |||||||||||||||||||||||||||||||||||||||||||
Class I | 2.95 | 7.46 | (d) | 10.41 | — | 10.41 | (d) | 10.41 | 7.46 | (d) | 10.41 | — | ||||||||||||||||||||||||||||||||||||||||||||
Class P | 10.41 | (d) | 10.41 | 10.41 | (d) | 10.41 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Investor Class | 10.41 | (10.41 | )(d) | — | (10.41 | )(d) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||
Institutional Class | 8.21 | (8.21 | )(d) | — | — | (8.21 | )(d) | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||
Investment Securities, at cost | $ | 237,242 | $ | 516 | $ | 53,572 | $ | 111,883 | $ | 403,213 | $ | 237,242.00 | $ | 516 | $ | 53,572 | $ | 111,883 | ||||||||||||||||||||||||||||||||||||||
Repurchase agreement, at cost | 5,732 | 4 | 693 | 1,069 | 7,498 | 5,732.00 | 4 | 693 | 1,069 | |||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency, at cost | — | — | — | 313 | 313 | — | — | — | 313 |
(a) – (j) | See Note 2 of the Notes to the Pro Forma Financial Statements. |
S-10
PRO FORMA STATEMENT OF OPERATIONS
For the twelve months ended April 30, 2009
(all amounts in thousands)
Assuming only the Transamerica Premier | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assuming only the Transamerica Premier | Institutional Diversified Equity Fund | Assuming only the Transamerica Science | Assuming only the Transamerica | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Transamerica | Diversified Equity Fund Reorganization | Reorganization | & Technology Reorganization | Templeton Global Reorganization | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Premier | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transamerica | Institutional | Transamerica | Transamerica | Combined | Combined | Combined | Combined | Combined | ||||||||||||||||||||||||||||||||||||||||||||||||
Premier Diversified | Diversified | Science & | Templeton | Pro Forma | Pro Forma | Pro Forma | Pro Forma | Pro Forma | ||||||||||||||||||||||||||||||||||||||||||||||||
Equity Fund | Equity Fund | Technology | Global | Adjustments | Fund | Adjustments | Fund | Adjustments | Fund | Adjustments | Fund | Adjustments | Fund | |||||||||||||||||||||||||||||||||||||||||||
Investment Income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dividend Income | $ | 3,528 | $ | 7 | $ | 236 | $ | 3,474 | $ | $ | 7,245 | $ | $ | 3,528 | $ | $ | 7 | $ | $ | 236 | $ | $ | 3,474 | |||||||||||||||||||||||||||||||||
Withholding taxes on foreign dividends | — | — | — | (247 | ) | (247 | ) | — | — | — | (247 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Interest | 67 | — | 11 | 28 | 106 | 67 | — | 11 | 28 | |||||||||||||||||||||||||||||||||||||||||||||||
Income from loaned securities-net | 194 | 1 | 140 | 101 | 436 | 194 | 1 | 140 | 101 | |||||||||||||||||||||||||||||||||||||||||||||||
3,789 | 8 | 387 | 3,356 | — | 7,540 | — | 3,789 | — | 8 | — | 387 | — | 3,356 | |||||||||||||||||||||||||||||||||||||||||||
Expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Management and advisory fees | 1,630 | 3 | 479 | 934 | (78) | (e) | 2,968 | 31 | (e) | 1,661 | 1 | (e) | 4 | (29) | (e) | 450 | (81) | (e) | 853 | |||||||||||||||||||||||||||||||||||||
Printing and shareholder reports | 26 | — | 9 | (28 | ) | 7 | 26 | — | 9 | (28 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Custody fees | 28 | 4 | 12 | 66 | (69) | (f) | 41 | 28 | 4 | 12 | 66 | |||||||||||||||||||||||||||||||||||||||||||||
Administration fees | 51 | — | 13 | 24 | 88 | 51 | — | 13 | 24 | |||||||||||||||||||||||||||||||||||||||||||||||
Legal fees | 11 | — | 2 | 4 | 17 | 11 | — | 2 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||
Audit fees | 26 | 22 | 19 | 25 | (49) | (g) | 43 | 26 | 22 | 19 | 25 | |||||||||||||||||||||||||||||||||||||||||||||
Trustees fees | 12 | — | 1 | 3 | 16 | 12 | — | 1 | 3 | |||||||||||||||||||||||||||||||||||||||||||||||
Registration fees | 37 | 25 | 20 | 7 | 89 | 37 | 25 | 20 | 7 | |||||||||||||||||||||||||||||||||||||||||||||||
Distribution and service fees: | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | 16 | 296 | 312 | — | — | 16 | 296 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class B | 24 | 152 | 176 | — | — | 24 | 152 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class C | 16 | 169 | 185 | — | — | 16 | 169 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class P | 569 | (h) | 569 | 569 | (h) | 569 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Investor Class | 569 | (569) | (h) | — | (569) | (h) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||
Transfer agent fees | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | 26 | 462 | 488 | — | — | 26 | 462 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class B | 21 | 112 | 133 | — | — | 21 | 112 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class C | 9 | 84 | 93 | — | — | 9 | 84 | |||||||||||||||||||||||||||||||||||||||||||||||||
Class P | 607 | (i) | 607 | 607 | (i) | 607 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Investor Class | 607 | (607) | (i) | — | (607) | (i) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||
Other | — | (2 | ) | 47 | 6 | 51 | — | (2 | ) | 47 | 6 | |||||||||||||||||||||||||||||||||||||||||||||
Total expenses | 2,997 | 52 | 714 | 2,316 | (196 | ) | 5,883 | 31 | 3,028 | 1 | 53 | (29 | ) | 685 | (81 | ) | 2,235 | |||||||||||||||||||||||||||||||||||||||
Class expense reimbursed (recaptured): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | (17 | ) | (201 | ) | 44 | (j) | (174 | ) | — | — | 2 | (j) | (15 | ) | 34 | (j) | (167 | ) | ||||||||||||||||||||||||||||||||||||||
Class B | (16 | ) | (63 | ) | 11 | (j) | (69 | ) | — | — | 1 | (j) | (15 | ) | 6 | (j) | (57 | ) | ||||||||||||||||||||||||||||||||||||||
Class C | (6 | ) | (31 | ) | 10 | (j) | (27 | ) | — | — | 1 | (j) | (5 | ) | 7 | (j) | (24 | ) | ||||||||||||||||||||||||||||||||||||||
Class I | — | — | — | 47 | (j) | 47 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Class P | (417) | (j) | (417 | ) | (411) | (j) | (411 | ) | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Investor Class | (380 | ) | 380 | (j) | — | 380 | (j) | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Institutional Class | — | (48 | ) | 48 | (j) | — | — | (48 | ) | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Total reimbursement of expenses | (380 | ) | (48 | ) | (39 | ) | (295 | ) | 76 | (687 | ) | (31 | ) | (411 | ) | 47 | (1 | ) | 4 | (35 | ) | 46 | (249 | ) | ||||||||||||||||||||||||||||||||
Net Investment Income | 1,172 | 4 | (288 | ) | 1,335 | 120 | 2,344 | — | 1,172 | (48 | ) | (44 | ) | 25 | (263 | ) | 35 | 1,370 | ||||||||||||||||||||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities | (25,516 | ) | (57 | ) | (15,016 | ) | (19,325 | ) | — | (59,914 | ) | — | (25,516 | ) | — | (57 | ) | — | (15,016 | ) | — | (19,325 | ) | |||||||||||||||||||||||||||||||||
Foreign currency transactions | — | — | (1 | ) | (545 | ) | (546 | ) | — | — | (1 | ) | (545 | ) | ||||||||||||||||||||||||||||||||||||||||||
(25,516 | ) | (57 | ) | (15,017 | ) | (19,870 | ) | — | (25,573 | ) | — | (25,516 | ) | — | (57 | ) | — | (15,017 | ) | — | (19,870 | ) | ||||||||||||||||||||||||||||||||||
Net Increase (Decrease) in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities | (137,447 | ) | (373 | ) | (13,246 | ) | (48,733 | ) | — | (199,799 | ) | — | (137,447 | ) | — | (373 | ) | — | (13,246 | ) | — | (48,733 | ) | |||||||||||||||||||||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | 1 | (35 | ) | (34 | ) | — | — | 1 | (35 | ) | ||||||||||||||||||||||||||||||||||||||||||||
(137,447 | ) | (373 | ) | (13,245 | ) | (48,768 | ) | — | (199,833 | ) | — | (137,447 | ) | — | (373 | ) | — | (13,245 | ) | — | (48,768 | ) | ||||||||||||||||||||||||||||||||||
Net Realized and Unrealized Loss | (162,963 | ) | (430 | ) | (28,262 | ) | (68,638 | ) | — | (260,293 | ) | — | (162,963 | ) | — | (430 | ) | — | (28,262 | ) | — | (68,638 | ) | |||||||||||||||||||||||||||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (161,791 | ) | $ | (426 | ) | $ | (28,550 | ) | $ | (67,303 | ) | $ | 120 | $ | (257,949 | ) | $ | — | $ | (161,791 | ) | $ | (48 | ) | $ | (48 | ) | $ | 25 | $ | 25 | $ | 35 | $ | 35 | ||||||||||||||||||||
(a) – (j) | See Note 2 of the Notes to the Pro Forma Financial Statements. |
S-11
PRO FORMA SCHEDULE OF INVESTMENTS
At April 30, 2009
(all amounts except per share amounts in thousands)
Transamerica Premier Institutional | Combined | ||||||||||||||||||||||||||||||||||
Transamerica Premier Equity Fund | Equity Fund | Transamerica Equity | Pro Forma Fund | ||||||||||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | Shares | Value | ||||||||||||||||||||||||||||
COMMON STOCK (98.8%) | |||||||||||||||||||||||||||||||||||
Aerospace & Defense | |||||||||||||||||||||||||||||||||||
Raytheon Co. | 341,896 | $ | 15,464 | 58,000 | $ | 2,623 | 690,000 | $ | 31,209 | 1,089,896 | $ | 49,296 | |||||||||||||||||||||||
Air Freight & Logistics | |||||||||||||||||||||||||||||||||||
Expeditors International of Washington, Inc. | 279,733 | 9,710 | 47,000 | 1,631 | 565,000 | 19,611 | 891,733 | 30,952 | |||||||||||||||||||||||||||
Auto Components | |||||||||||||||||||||||||||||||||||
BorgWarner, Inc. | 414,715 | 12,006 | 68,500 | 1,983 | 793,400 | 22,969 | 1,276,615 | 36,958 | |||||||||||||||||||||||||||
Johnson Controls, Inc. | 817,005 | 15,531 | 130,000 | 2,471 | 1,630,000 | 30,986 | 2,577,005 | 48,988 | |||||||||||||||||||||||||||
Biotechnology | |||||||||||||||||||||||||||||||||||
Gilead Sciences, Inc. | 470,661 | 21,556 | 77,300 | 3,540 | 1,100,000 | 50,380 | 1,647,961 | 75,476 | |||||||||||||||||||||||||||
Capital Markets | |||||||||||||||||||||||||||||||||||
Charles Schwab Corp. | 719,421 | 13,295 | 114,965 | 2,125 | 1,536,280 | 28,390 | 2,370,666 | 43,810 | |||||||||||||||||||||||||||
T. Rowe Price Group, Inc. | 331,239 | 12,759 | 60,000 | 2,311 | 660,000 | 25,423 | 1,051,239 | 40,493 | |||||||||||||||||||||||||||
Chemicals | |||||||||||||||||||||||||||||||||||
Ecolab, Inc. | 195,368 | 7,531 | 40,000 | 1,542 | 670,000 | 25,829 | 905,368 | 34,902 | |||||||||||||||||||||||||||
Monsanto Co. | 50,000 | 4,245 | 10,000 | 849 | 100,000 | 8,489 | 160,000 | 13,583 | |||||||||||||||||||||||||||
Praxair, Inc. | 337,456 | 25,178 | 56,000 | 4,178 | 674,000 | 50,287 | 1,067,456 | 79,643 | |||||||||||||||||||||||||||
Sigma-Aldrich Corp. | 412,939 | 18,103 | 70,000 | 3,069 | 770,000 | 33,757 | 1,252,939 | 54,929 | |||||||||||||||||||||||||||
Commercial Banks | |||||||||||||||||||||||||||||||||||
Wells Fargo & Co. | 639,395 | 12,794 | 110,000 | 2,201 | 1,280,000 | 25,613 | 2,029,395 | 40,608 | |||||||||||||||||||||||||||
Communications Equipment | |||||||||||||||||||||||||||||||||||
Cisco Systems, Inc. | 546,150 | 10,552 | 100,000 | 1,932 | 1,060,000 | 20,479 | 1,706,150 | 32,963 | |||||||||||||||||||||||||||
Qualcomm, Inc. | 586,114 | 24,804 | 92,000 | 3,893 | 1,100,000 | 46,552 | 1,778,114 | 75,249 | |||||||||||||||||||||||||||
Computers & Peripherals | |||||||||||||||||||||||||||||||||||
Apple, Inc. | 222,010 | 27,936 | 32,100 | 4,039 | 422,000 | 53,100 | 676,110 | 85,075 | |||||||||||||||||||||||||||
Hewlett-Packard Co. | 119,885 | 4,313 | 20,000 | 720 | 240,000 | 8,635 | 379,885 | 13,668 | |||||||||||||||||||||||||||
International Business Machines Corp. | 103,014 | 10,632 | 16,400 | 1,693 | 206,000 | 21,261 | 325,414 | 33,586 | |||||||||||||||||||||||||||
Construction & Engineering | |||||||||||||||||||||||||||||||||||
Jacobs Engineering Group, Inc. | 213,131 | 8,108 | 35,000 | 1,331 | 420,000 | 15,977 | 668,131 | 25,416 | |||||||||||||||||||||||||||
Diversified Telecommunication Services | |||||||||||||||||||||||||||||||||||
AT&T, Inc. | 417,379 | 10,693 | 67,000 | 1,717 | 810,000 | 20,752 | 1,294,379 | 33,162 | |||||||||||||||||||||||||||
Electrical Equipment | |||||||||||||||||||||||||||||||||||
Emerson Electric Co. | 254,867 | 8,676 | 50,000 | 1,702 | 511,000 | 17,394 | 815,867 | 27,772 | |||||||||||||||||||||||||||
Electronic Equipment & Instruments | |||||||||||||||||||||||||||||||||||
Tyco Electronics, Ltd. | 403,605 | 7,039 | 66,825 | 1,165 | 806,285 | 14,062 | 1,276,715 | 22,266 | |||||||||||||||||||||||||||
Food & Staples Retailing | |||||||||||||||||||||||||||||||||||
Wal-Mart Stores, Inc. | 150,080 | 7,564 | 24,000 | 1,210 | 350,955 | 17,688 | 525,035 | 26,462 | |||||||||||||||||||||||||||
Health Care Equipment & Supplies | |||||||||||||||||||||||||||||||||||
Becton Dickinson & Co. | 230,890 | 13,964 | 40,000 | 2,419 | 435,000 | 26,309 | 705,890 | 42,692 | |||||||||||||||||||||||||||
Varian Medical Systems, Inc. | 244,303 | 8,152 | 40,020 | 1,335 | 488,225 | 16,292 | 772,548 | 25,779 | |||||||||||||||||||||||||||
Industrial Conglomerates | |||||||||||||||||||||||||||||||||||
General Electric Co. | 959,093 | 12,133 | 155,000 | 1,961 | 1,925,000 | 24,351 | 3,039,093 | 38,445 | |||||||||||||||||||||||||||
Internet & Catalog Retail | |||||||||||||||||||||||||||||||||||
Amazon.com, Inc. | 304,618 | 24,528 | 54,000 | 4,348 | 725,000 | 58,377 | 1,083,618 | 87,253 | |||||||||||||||||||||||||||
Internet Software & Services | |||||||||||||||||||||||||||||||||||
Google, Inc. -Class A | 53,283 | 21,098 | 8,700 | 3,445 | 105,000 | 41,577 | 166,983 | 66,120 | |||||||||||||||||||||||||||
IT Services | |||||||||||||||||||||||||||||||||||
Automatic Data Processing, Inc. | 254,415 | 8,955 | 50,620 | 1,782 | 509,275 | 17,926 | 814,310 | 28,663 | |||||||||||||||||||||||||||
Machinery | |||||||||||||||||||||||||||||||||||
Caterpillar, Inc. | 192,782 | 6,859 | 30,920 | 1,100 | 385,900 | 13,730 | 609,602 | 21,689 | |||||||||||||||||||||||||||
PACCAR, Inc. | 386,297 | 13,690 | 64,000 | 2,269 | 774,000 | 27,431 | 1,224,297 | 43,390 | |||||||||||||||||||||||||||
Media | |||||||||||||||||||||||||||||||||||
Walt Disney Co. | 417,382 | 9,141 | 66,000 | 1,445 | 830,000 | 18,177 | 1,313,382 | 28,763 | |||||||||||||||||||||||||||
Pharmaceuticals | |||||||||||||||||||||||||||||||||||
Allergan, Inc. | 96,796 | 4,517 | 16,000 | 747 | 142,055 | 6,628 | 254,851 | 11,892 | |||||||||||||||||||||||||||
Teva Pharmaceutical Industries, Ltd. ADR | 124,325 | 5,457 | 22,000 | 966 | 272,840 | 11,976 | 419,165 | 18,399 | |||||||||||||||||||||||||||
Road & Rail | |||||||||||||||||||||||||||||||||||
Union Pacific Corp. | 248,651 | 12,219 | 42,000 | 2,064 | 490,000 | 24,079 | 780,651 | 38,362 | |||||||||||||||||||||||||||
429,202 | 71,806 | 875,696 | 1,376,704 | ||||||||||||||||||||||||||||||||
Total Cost $(506,077) | Total Cost $(85,879) | Total Cost $(969,233) | Total Cost $(1,561,189) | ||||||||||||||||||||||||||||||||
Principal | Value | Principal | Value | Principal | Value | Principal | Value | ||||||||||||||||||||||||||||
REPURCHASE AGREEMENT (1.6%) | |||||||||||||||||||||||||||||||||||
State Street Repurchase Agreement | $ | 6,084 | 6,084 | $ | 2,167 | 2,167 | $ | 14,045 | 14,045 | $ | 22,296 | 22,296 | |||||||||||||||||||||||
0.01%, dated 04/30/09, to be repurchased | 6,084 | 2,167 | 14,045 | 22,296 | |||||||||||||||||||||||||||||||
at $22,296 on 05/01/2009 | Total Cost $(6,084) | Total Cost $(2,167) | Total Cost $(14,045) | Total Cost $(22,296) | |||||||||||||||||||||||||||||||
Total Investment Securities Cost | 512,161 | 88,046 | 983,278 | 1,583,485 | |||||||||||||||||||||||||||||||
Total Investment Securities Value | 435,286 | 73,973 | 889,741 | 1,399,000 | |||||||||||||||||||||||||||||||
Other Assets and Liabilities, net | (774 | ) | (1,505 | ) | (3,202 | ) | (5,481 | ) | |||||||||||||||||||||||||||
Net Assets | $ | 434,512 | $ | 72,468 | $ | 886,539 | $ | 1,393,519 | |||||||||||||||||||||||||||
S-12
PRO FORMA STATEMENT OF ASSETS AND LIABILITIES
At April 30, 2009
(all amounts except per share amounts in thousands)
Assuming only the Transamerica Premier Equity Fund | Assuming only the Transamerica Premier Institutional | |||||||||||||||||||||||||||||||||||
Transamerica | Transamerica | Reorganization | Equity Fund Reorganization | |||||||||||||||||||||||||||||||||
Premier Equity | Premier Institutional | Transamerica | Combined | Combined | Combined | |||||||||||||||||||||||||||||||
Fund | Equity Fund | Equity | Adjustments | Pro Forma Fund | Adjustments | Pro Forma Fund | Adjustments | Pro Forma Fund | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||||||||||
Investment securities, at value | $ | 429,201 | $ | 71,806 | $ | 875,696 | $ | $ | 1,376,703 | $ | $ | 1,304,897 | $ | $ | 947,502 | |||||||||||||||||||||
Repurchase agreement, at value | 6,084 | 2,167 | 14,045 | 22,296 | 20,129 | 16,212 | ||||||||||||||||||||||||||||||
Receivables: | ||||||||||||||||||||||||||||||||||||
Investment securities sold | — | — | 2,236 | 2,236 | 2,236 | 2,236 | ||||||||||||||||||||||||||||||
Shares sold | 525 | 29 | 376 | 930 | 901 | 405 | ||||||||||||||||||||||||||||||
Dividends | 423 | 69 | 837 | 1,329 | 1,260 | 906 | ||||||||||||||||||||||||||||||
Dividend reclaims | — | — | 369 | 369 | 369 | 369 | ||||||||||||||||||||||||||||||
Other | — | — | 422 | 422 | 422 | 422 | ||||||||||||||||||||||||||||||
436,233 | 74,071 | 893,981 | 1,404,285 | 1,330,214 | 968,052 | |||||||||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||||||||||||||||||
Investment securities purchased | — | 1,551 | 5,261 | 6,812 | 5,261 | 6,812 | ||||||||||||||||||||||||||||||
Shares redeemed | 1,254 | — | 672 | 1,926 | 1,926 | 672 | ||||||||||||||||||||||||||||||
Management and advisory fees | 226 | 32 | 677 | 935 | 903 | 709 | ||||||||||||||||||||||||||||||
Distribution and service fees | 87 | — | 139 | 226 | 226 | 139 | ||||||||||||||||||||||||||||||
Administration fees | 12 | 2 | 14 | 28 | 26 | 16 | ||||||||||||||||||||||||||||||
Trustees fees | 3 | — | 427 | 430 | 430 | 427 | ||||||||||||||||||||||||||||||
Transfer agent fees | 110 | 2 | 141 | 253 | 251 | 143 | ||||||||||||||||||||||||||||||
Other | 29 | 16 | 111 | 156 | 140 | 127 | ||||||||||||||||||||||||||||||
1,721 | 1,603 | 7,442 | 10,766 | 9,163 | 9,045 | |||||||||||||||||||||||||||||||
Net Assets | $ | 434,512 | $ | 72,468 | $ | 886,539 | $ | $ | 1,393,519 | $ | $ | 1,321,051 | $ | $ | 959,007 | |||||||||||||||||||||
Net Assets Consist of: | ||||||||||||||||||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 764,080 | $ | 112,057 | $ | 1,618,988 | $ | (278,208 | )(a) | $ | 2,216,917 | $ | (252,692 | )(a) | $ | 2,130,376 | $ | (25,516 | )(a) | $ | 1,705,529 | |||||||||||||||
Undistributed net investment income | 1,835 | 364 | 2,765 | (2,199 | )(a) | 2,765 | (1,835 | )(a) | 2,765 | (364 | )(a) | 2,765 | ||||||||||||||||||||||||
Accumulated net realized loss from investment securities and foreign currency transactions | (254,527 | ) | (25,880 | ) | (641,518 | ) | 280,407 | (a) | (641,518 | ) | 254,527 | (a) | (641,518 | ) | 25,880 | (a) | (641,518 | ) | ||||||||||||||||||
Net unrealized depreciation on: | ||||||||||||||||||||||||||||||||||||
Investment securities | (76,876 | ) | (14,073 | ) | (93,731 | ) | (184,680 | ) | (170,607 | ) | (107,804 | ) | ||||||||||||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | — | 35 | 35 | 35 | 35 | ||||||||||||||||||||||||||||||
Net Assets | $ | 434,512 | $ | 72,468 | $ | 886,539 | $ | $ | 1,393,519 | $ | $ | 1,321,051 | $ | $ | 959,007 | |||||||||||||||||||||
Net Assets by Class: | ||||||||||||||||||||||||||||||||||||
Class A | $ | $ | $ | 270,387 | $ | $ | 270,387 | $ | $ | 270,387 | $ | $ | 270,387 | |||||||||||||||||||||||
Class B | 44,497 | 44,497 | 44,497 | 44,497 | ||||||||||||||||||||||||||||||||
Class C | 37,055 | 37,055 | 37,055 | 37,055 | ||||||||||||||||||||||||||||||||
Class I | 454,741 | 72,468 | (b) | 527,209 | 454,741 | 72,468 | (b) | 527,209 | ||||||||||||||||||||||||||||
Class P | 434,512 | (b) | 434,512 | 434,512 | (b) | 434,512 | — | |||||||||||||||||||||||||||||
Class T | 79,859 | 79,859 | 79,859 | 79,859 | ||||||||||||||||||||||||||||||||
Investor Class | 434,512 | (434,512 | )(b) | — | (434,512 | )(b) | — | — | ||||||||||||||||||||||||||||
Institutional Class | 72,468 | (72,468 | )(b) | — | — | (72,468 | )(b) | — | ||||||||||||||||||||||||||||
Shares Outstanding: | ||||||||||||||||||||||||||||||||||||
Class A | 41,383 | 41,383 | 41,383 | 41,383 | ||||||||||||||||||||||||||||||||
Class B | 7,298 | 7,298 | 7,298 | 7,298 | ||||||||||||||||||||||||||||||||
Class C | 6,054 | 6,054 | 6,054 | 6,054 | ||||||||||||||||||||||||||||||||
Class I | 68,414 | 10,897 | (c) | 79,311 | 68,414 | 10,897 | (c) | 79,311 | ||||||||||||||||||||||||||||
Class P | 30,219 | (c) | 30,219 | 30,219 | (c) | 30,219 | — | |||||||||||||||||||||||||||||
Class T | 4,364 | 4,364 | 4,364 | 4,364 | ||||||||||||||||||||||||||||||||
Investor Class | 30,219 | (30,219 | )(c) | — | (30,219 | )(c) | — | — | ||||||||||||||||||||||||||||
Institutional Class | 9,363 | (9,363 | )(c) | — | — | (9,363 | )(c) | — | ||||||||||||||||||||||||||||
Net Asset Value and Offering Price Per Share: | ||||||||||||||||||||||||||||||||||||
Class A | $ | $ | $ | 6.54 | $ | $ | 6.54 | $ | $ | 6.54 | $ | $ | 6.54 | |||||||||||||||||||||||
Class B | 6.10 | 6.10 | 6.10 | 6.10 | ||||||||||||||||||||||||||||||||
Class C | 6.13 | 6.13 | 6.13 | 6.13 | ||||||||||||||||||||||||||||||||
Class I | 6.65 | 6.65 | 6.65 | 6.65 | ||||||||||||||||||||||||||||||||
Class P | 14.38 | (d) | 14.38 | 14.38 | (d) | 14.38 | — | |||||||||||||||||||||||||||||
Class T | 18.30 | 18.30 | 18.30 | 18.30 | ||||||||||||||||||||||||||||||||
Investor Class | 14.38 | (14.38 | )(d) | — | (14.38 | )(d) | — | — | ||||||||||||||||||||||||||||
Institutional Class | 7.74 | (7.74 | )(d) | — | — | (7.74 | )(d) | — | ||||||||||||||||||||||||||||
Investment Securities, at cost | $ | 506,077 | $ | 85,879 | $ | 969,233 | $ | 1,561,189 | $ | 1,475,310 | $ | 1,055,112 | ||||||||||||||||||||||||
Repurchase agreement, at cost | $ | 6,084 | $ | 2,167 | $ | 14,045 | $ | 22,296 | $ | 20,129 | $ | 16,212 |
S-13
PRO FORMA STATEMENT OF OPERATIONS
For the twelve months ended April 30, 2009
(all amounts in thousands)
Assuming only the Transamerica Premier | Assuming only the Transamerica Premier | |||||||||||||||||||||||||||||||||||
Transamerica | Equity Fund Reorganization | Institutional Equity Fund Reorganization | ||||||||||||||||||||||||||||||||||
Premier | Combined | Combined | Combined | |||||||||||||||||||||||||||||||||
Transamerica | Institutional | Transamerica | Pro Forma | Pro Forma | Pro Forma | |||||||||||||||||||||||||||||||
Premier Equity Fund | Equity Fund | Equity | Adjustments | Fund | Adjustments | Fund | Adjustments | Fund | ||||||||||||||||||||||||||||
Investment Income: | ||||||||||||||||||||||||||||||||||||
Dividend Income | $ | 10,433 | $ | 1,346 | $ | 16,490 | $ | $ | 28,269 | $ | $ | 26,923 | $ | $ | 17,836 | |||||||||||||||||||||
Interest | 195 | 39 | 283 | 517 | 478 | 322 | ||||||||||||||||||||||||||||||
Income from loaned securities-net | 334 | 65 | 529 | 928 | 863 | 594 | ||||||||||||||||||||||||||||||
10,962 | 1,450 | 17,302 | 29,714 | 28,264 | 18,752 | |||||||||||||||||||||||||||||||
Expenses: | ||||||||||||||||||||||||||||||||||||
Management and advisory fees | 5,882 | 662 | 8,190 | (963 | )(e) | 13,771 | (938 | )(e) | 13,134 | (111 | )(e) | 8,741 | ||||||||||||||||||||||||
Printing and shareholder reports | 110 | 9 | 93 | 212 | 203 | 102 | ||||||||||||||||||||||||||||||
Custody fees | 84 | 14 | 150 | (37 | )(f) | 211 | (30 | )(f) | 204 | (7 | )(f) | 157 | ||||||||||||||||||||||||
Administration fees | 159 | 20 | 227 | 406 | 386 | 247 | ||||||||||||||||||||||||||||||
Legal fees | 34 | 6 | 36 | 76 | 70 | 42 | ||||||||||||||||||||||||||||||
Audit fees | 28 | 23 | 22 | (41 | )(g) | 32 | (23 | )(g) | 27 | (18 | )(g) | 27 | ||||||||||||||||||||||||
Trustees fees | 37 | 5 | 24 | 66 | 61 | 29 | ||||||||||||||||||||||||||||||
Registration fees | 125 | 35 | (13 | ) | 147 | 112 | 22 | |||||||||||||||||||||||||||||
Distribution and service fees: | ||||||||||||||||||||||||||||||||||||
Class A | 1,191 | 1,191 | 1,191 | 1,191 | ||||||||||||||||||||||||||||||||
Class B | 716 | 716 | 716 | 716 | ||||||||||||||||||||||||||||||||
Class C | 541 | 541 | 541 | 541 | ||||||||||||||||||||||||||||||||
Class P | 1,792 | (h) | 1,792 | 1,792 | (h) | 1,792 | — | |||||||||||||||||||||||||||||
Investor Class | 1,792 | (1,792 | )(h) | — | (1,792 | )(h) | — | — | ||||||||||||||||||||||||||||
Transfer agent fees | ||||||||||||||||||||||||||||||||||||
Class A | 1,303 | 1,303 | 1,303 | 1,303 | ||||||||||||||||||||||||||||||||
Class B | 398 | 398 | 398 | 398 | ||||||||||||||||||||||||||||||||
Class C | 203 | 203 | 203 | 203 | ||||||||||||||||||||||||||||||||
Class I | 17 | (i) | 17 | — | 17 | (i) | 17 | |||||||||||||||||||||||||||||
Class P | 1,327 | (i) | 1,327 | 1,327 | (i) | 1,327 | — | — | ||||||||||||||||||||||||||||
Class T | 171 | 171 | 171 | 171 | ||||||||||||||||||||||||||||||||
Investor Class | 1,327 | (1,327 | )(i) | — | (1,327 | )(i) | — | — | — | |||||||||||||||||||||||||||
Institutional Class | 17 | (17 | )(i) | — | — | (17 | )(i) | — | ||||||||||||||||||||||||||||
Other | 8 | (4 | ) | 99 | 103 | 107 | 95 | |||||||||||||||||||||||||||||
Total expenses | 9,586 | 787 | 13,351 | (1,041 | ) | 22,683 | (991 | ) | 21,946 | (136 | ) | 14,002 | ||||||||||||||||||||||||
Class expense reimbursed: | ||||||||||||||||||||||||||||||||||||
Class B | (115 | ) | 3 | (j) | (112 | ) | 3 | (j) | (112 | ) | 3 | (j) | (112 | ) | ||||||||||||||||||||||
Class P | (404 | )(j) | (404 | ) | (404 | )(j) | (404 | ) | — | (j) | — | |||||||||||||||||||||||||
Investor Class | (1,323 | ) | 1,323 | (j) | — | 1,323 | (j) | — | (j) | — | ||||||||||||||||||||||||||
Institutional Class | (105 | ) | 105 | (j) | — | — | — | 105 | (j) | — | ||||||||||||||||||||||||||
(1,323 | ) | (105 | ) | (115 | ) | 1,028 | (516 | ) | 923 | (516 | ) | 108 | (112 | ) | ||||||||||||||||||||||
Net Investment Income | 2,699 | 768 | 4,066 | 13 | 7,547 | 68 | 6,834 | 28 | 4,862 | |||||||||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||||||||||||||||||
Investment securities | (245,154 | ) | (24,932 | ) | (254,477 | ) | — | (524,563 | ) | — | (499,631 | ) | (279,409 | ) | ||||||||||||||||||||||
(245,154 | ) | (24,932 | ) | (254,477 | ) | — | (524,563 | ) | — | (499,631 | ) | — | (279,409 | ) | ||||||||||||||||||||||
Net Increase (Decrease) in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||||||||||||||||||
Investment securities | (354,569 | ) | (40,287 | ) | (366,565 | ) | — | (761,421 | ) | — | (721,134 | ) | (406,852 | ) | ||||||||||||||||||||||
(354,569 | ) | (40,287 | ) | (366,565 | ) | — | (761,421 | ) | — | (721,134 | ) | — | (406,852 | ) | ||||||||||||||||||||||
Net Realized and Unrealized Loss | (599,723 | ) | (65,219 | ) | (621,042 | ) | — | (1,285,984 | ) | — | (1,220,765 | ) | — | (686,261 | ) | |||||||||||||||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (597,024 | ) | $ | (64,451 | ) | $ | (616,976 | ) | $ | 13 | $ | (1,278,437 | ) | $ | 68 | $ | (1,213,931 | ) | $ | 28 | $ | (681,399 | ) | ||||||||||||
S-14
PRO FORMA SCHEDULE OF INVESTMENTS
At April 30, 2009
(all amounts except per share amounts in thousands)
Transamerica Legg Mason Partners | Combined | |||||||||||||||||||||||||||||||||
Transamerica Premier Focus Fund | All Cap | Pro Forma Fund | ||||||||||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | |||||||||||||||||||||||||||||
COMMON STOCK (87.1%) | ||||||||||||||||||||||||||||||||||
Aerospace & Defense | ||||||||||||||||||||||||||||||||||
97023105 | Boeing Co. | — | $ | — | 17,860 | $ | 715 | 17,860 | $ | 715 | ||||||||||||||||||||||||
438516106 | Honeywell International, Inc. | — | — | 31,120 | 971 | 31,120 | 971 | |||||||||||||||||||||||||||
666807102 | Northrop Grumman Corp. | — | — | 6,950 | 336 | 6,950 | 336 | |||||||||||||||||||||||||||
Air Freight & Logistics | ||||||||||||||||||||||||||||||||||
12541W209 | CH Robinson Worldwide, Inc. | 34,500 | 1,833 | — | — | 34,500 | 1,833 | |||||||||||||||||||||||||||
911312106 | United Parcel Service, Inc. -Class B | — | — | 26,690 | 1,397 | 26,690 | 1,397 | |||||||||||||||||||||||||||
Beverages | ||||||||||||||||||||||||||||||||||
20441W203 | Cia de Bebidas das Americas ADR | 10,000 | 564 | — | — | 10,000 | 564 | |||||||||||||||||||||||||||
Biotechnology | ||||||||||||||||||||||||||||||||||
375558103 | Gilead Sciences, Inc. | 16,400 | 751 | — | — | 16,400 | 751 | |||||||||||||||||||||||||||
Building Products | ||||||||||||||||||||||||||||||||||
829073105 | Simpson Manufacturing Co., Inc. | — | — | 10,970 | 244 | 10,970 | 244 | |||||||||||||||||||||||||||
Capital Markets | ||||||||||||||||||||||||||||||||||
354613101 | Franklin Resources, Inc. | — | — | 21,900 | 1,325 | 21,900 | 1,325 | |||||||||||||||||||||||||||
2386827 | Gamco Investors, Inc. -Class A | — | — | 6,000 | 301 | 6,000 | 301 | |||||||||||||||||||||||||||
857477103 | State Street Corp. | — | — | 35,290 | 1,204 | 35,290 | 1,204 | |||||||||||||||||||||||||||
B64SQL4 | Teton Advisors, Inc. | ə | — | — | 89 | — | 89 | — | ||||||||||||||||||||||||||
Chemicals | ||||||||||||||||||||||||||||||||||
74005P104 | Praxair, Inc. | 12,150 | 907 | — | — | 12,150 | 907 | |||||||||||||||||||||||||||
Commercial Banks | ||||||||||||||||||||||||||||||||||
200340107 | Comerica, Inc. | — | — | 29,410 | 617 | 29,410 | 617 | |||||||||||||||||||||||||||
27579R104 | East-West Bancorp, Inc. | — | — | 16,425 | 112 | 16,425 | 112 | |||||||||||||||||||||||||||
97650W108 | Wintrust Financial Corp. | 35,800 | 609 | — | — | 35,800 | 609 | |||||||||||||||||||||||||||
Commercial Services & Supplies | ||||||||||||||||||||||||||||||||||
767744105 | Ritchie Bros. Auctioneers, Inc. | 55,000 | 1,232 | — | — | 55,000 | 1,232 | |||||||||||||||||||||||||||
Communications Equipment | ||||||||||||||||||||||||||||||||||
17275R102 | Cisco Systems, Inc. | — | — | 93,130 | 1,799 | 93,130 | 1,799 | |||||||||||||||||||||||||||
315616102 | F5 Networks, Inc. | 23,800 | 649 | — | — | 23,800 | 649 | |||||||||||||||||||||||||||
696643105 | Palm, Inc. | 70,000 | 734 | — | — | 70,000 | 734 | |||||||||||||||||||||||||||
73172K104 | Polycom, Inc. | 33,400 | 623 | — | — | 33,400 | 623 | |||||||||||||||||||||||||||
747525103 | Qualcomm, Inc. | 91,815 | 3,885 | — | — | 91,815 | 3,885 | |||||||||||||||||||||||||||
294821608 | Telefonaktiebolaget LM Ericsson ADR | — | — | 41,970 | 358 | 41,970 | 358 | |||||||||||||||||||||||||||
Computers & Peripherals | ||||||||||||||||||||||||||||||||||
37833100 | Apple, Inc. | 26,100 | 3,284 | — | — | 26,100 | 3,284 | |||||||||||||||||||||||||||
459200101 | International Business Machines Corp. | — | — | 13,340 | 1,377 | 13,340 | 1,377 | |||||||||||||||||||||||||||
Construction & Engineering | ||||||||||||||||||||||||||||||||||
343412102 | Fluor Corp. | — | — | 14,320 | 542 | 14,320 | 542 | |||||||||||||||||||||||||||
469814107 | Jacobs Engineering Group, Inc. | — | — | 6,850 | 261 | 6,850 | 261 | |||||||||||||||||||||||||||
713839108 | Perini Corp. | — | — | 9,530 | 165 | 9,530 | 165 | |||||||||||||||||||||||||||
Diversified Consumer Services | ||||||||||||||||||||||||||||||||||
863236105 | Strayer Education, Inc. | 15,535 | 2,942 | — | — | 15,535 | 2,942 | |||||||||||||||||||||||||||
Diversified Financial Services | ||||||||||||||||||||||||||||||||||
60505104 | Bank of America Corp. | — | — | 146,380 | 1,307 | 146,380 | 1,307 | |||||||||||||||||||||||||||
46625H100 | JPMorgan Chase & Co. | 65,750 | 2,170 | 65,190 | 2,151 | 130,940 | 4,321 | |||||||||||||||||||||||||||
Electronic Equipment & Instruments | ||||||||||||||||||||||||||||||||||
302445101 | FLIR Systems, Inc. | 39,000 | 865 | — | — | 39,000 | 865 | |||||||||||||||||||||||||||
465741106 | Itron, Inc. | 12,120 | 558 | — | — | 12,120 | 558 | |||||||||||||||||||||||||||
Energy Equipment & Services | ||||||||||||||||||||||||||||||||||
57224107 | Baker Hughes, Inc. | — | — | 27,250 | 970 | 27,250 | 970 | |||||||||||||||||||||||||||
406216101 | Halliburton Co. | — | — | 46,940 | 949 | 46,940 | 949 | |||||||||||||||||||||||||||
806857108 | Schlumberger, Ltd. | — | — | 24,490 | 1,200 | 24,490 | 1,200 | |||||||||||||||||||||||||||
B3KFWW1 | Transocean, Ltd. | — | — | 5,926 | 400 | 5,926 | 400 | |||||||||||||||||||||||||||
B5KL6S7 | Weatherford International, Ltd. | — | — | 46,550 | 774 | 46,550 | 774 | |||||||||||||||||||||||||||
Food & Staples Retailing | ||||||||||||||||||||||||||||||||||
931142103 | Wal-Mart Stores, Inc. | — | — | 28,460 | 1,434 | 28,460 | 1,434 | |||||||||||||||||||||||||||
Food Products | ||||||||||||||||||||||||||||||||||
B10RZP7 | Unilever PLC | — | — | 41,575 | 816 | 41,575 | 816 | |||||||||||||||||||||||||||
904767704 | Unilever PLC ADR | — | — | 34,949 | 680 | 34,949 | 680 | |||||||||||||||||||||||||||
Health Care Equipment & Supplies | ||||||||||||||||||||||||||||||||||
B1YR434 | Covidien, Ltd. | 48,500 | 1,600 | — | — | 48,500 | 1,600 | |||||||||||||||||||||||||||
Health Care Providers & Services | ||||||||||||||||||||||||||||||||||
58155Q103 | McKesson Corp. | — | — | 19,870 | 735 | 19,870 | 735 | |||||||||||||||||||||||||||
65411N105 | Nighthawk Radiology Holdings, Inc. | 158,930 | 567 | — | — | 158,930 | 567 | |||||||||||||||||||||||||||
Hotels, Restaurants & Leisure | ||||||||||||||||||||||||||||||||||
143658300 | Carnival Corp. | — | — | 23,200 | 624 | 23,200 | 624 | |||||||||||||||||||||||||||
571903202 | Marriott International, Inc. -Class A | — | — | 8,700 | 205 | 8,700 | 205 | |||||||||||||||||||||||||||
705560100 | Peet’s Coffee & Tea, Inc. | 34,000 | 928 | — | — | 34,000 | 928 | |||||||||||||||||||||||||||
Household Durables | ||||||||||||||||||||||||||||||||||
889478103 | Toll Brothers, Inc. | — | — | 33,600 | 681 | 33,600 | 681 | |||||||||||||||||||||||||||
Industrial Conglomerates | ||||||||||||||||||||||||||||||||||
369604103 | General Electric Co. | — | — | 60,460 | 765 | 60,460 | 765 | |||||||||||||||||||||||||||
580037109 | McDermott International, Inc. | — | — | 81,380 | 1,313 | 81,380 | 1,313 | |||||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||||||||||
B18S7H8 | Allied World Assurance Co. Holdings, Ltd. | — | — | 16,380 | 608 | 16,380 | 608 | |||||||||||||||||||||||||||
171232101 | Chubb Corp. | — | — | 36,150 | 1,408 | 36,150 | 1,408 | |||||||||||||||||||||||||||
Internet & Catalog Retail | ||||||||||||||||||||||||||||||||||
23135106 | Amazon.com, Inc. | 37,105 | 2,987 | — | — | 37,105 | 2,987 | |||||||||||||||||||||||||||
741503403 | priceline.com, Inc. | 7,300 | 709 | — | — | 7,300 | 709 | |||||||||||||||||||||||||||
Internet Software & Services | ||||||||||||||||||||||||||||||||||
278642103 | eBay, Inc. | — | — | 59,630 | 982 | 59,630 | 982 | |||||||||||||||||||||||||||
38259P508 | Google, Inc. -Class A | 6,900 | 2,731 | — | — | 6,900 | 2,731 | |||||||||||||||||||||||||||
92046N102 | Valueclick, Inc. | 52,045 | 552 | — | — | 52,045 | 552 | |||||||||||||||||||||||||||
Leisure Equipment & Products | ||||||||||||||||||||||||||||||||||
418056107 | Hasbro, Inc. | 28,500 | 760 | — | — | 28,500 | 760 |
S-15
Transamerica Legg Mason Partners | Combined | |||||||||||||||||||||||||||||||||
Transamerica Premier Focus Fund | All Cap | Pro Forma Fund | ||||||||||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | |||||||||||||||||||||||||||||
Life Sciences Tools & Services | ||||||||||||||||||||||||||||||||||
294100102 | ENZO Biochem, Inc. | — | — | 133,887 | 549 | 133,887 | 549 | |||||||||||||||||||||||||||
Machinery | ||||||||||||||||||||||||||||||||||
260003108 | Dover Corp. | — | — | 21,550 | 663 | 21,550 | 663 | |||||||||||||||||||||||||||
693718108 | PACCAR, Inc. | 26,400 | 936 | 17,200 | 610 | 43,600 | 1,546 | |||||||||||||||||||||||||||
701094104 | Parker Hannifin Corp. | — | — | 9,700 | 440 | 9,700 | 440 | |||||||||||||||||||||||||||
Media | ||||||||||||||||||||||||||||||||||
254687106 | Walt Disney Co. | — | — | 69,520 | 1,522 | 69,520 | 1,522 | |||||||||||||||||||||||||||
Metals & Mining | ||||||||||||||||||||||||||||||||||
88606108 | BHP Billiton, Ltd. ADR | — | — | 3,200 | 154 | 3,200 | 154 | |||||||||||||||||||||||||||
670346105 | Nucor Corp. | — | — | 7,440 | 303 | 7,440 | 303 | |||||||||||||||||||||||||||
Oil, Gas & Consumable Fuels | ||||||||||||||||||||||||||||||||||
32511107 | Anadarko Petroleum Corp. | — | — | 23,250 | 1,001 | 23,250 | 1,001 | |||||||||||||||||||||||||||
166764100 | Chevron Corp. | — | — | 8,460 | 559 | 8,460 | 559 | |||||||||||||||||||||||||||
20825C104 | ConocoPhillips | — | — | 7,040 | 289 | 7,040 | 289 | |||||||||||||||||||||||||||
30231G102 | Exxon Mobil Corp. | — | — | 10,570 | 705 | 10,570 | 705 | |||||||||||||||||||||||||||
626717102 | Murphy Oil Corp. | — | — | 3,250 | 155 | 3,250 | 155 | |||||||||||||||||||||||||||
71654V101 | Petroleo Brasileiro SA -Class A ADR | 29,300 | 791 | — | — | 29,300 | 791 | |||||||||||||||||||||||||||
71654V408 | Petroleo Brasileiro SA ADR | 20,600 | 692 | — | — | 20,600 | 692 | |||||||||||||||||||||||||||
Paper & Forest Products | ||||||||||||||||||||||||||||||||||
962166104 | Weyerhaeuser Co. | — | — | 19,210 | 677 | 19,210 | 677 | |||||||||||||||||||||||||||
Pharmaceuticals | ||||||||||||||||||||||||||||||||||
2824100 | Abbott Laboratories | — | — | 31,990 | 1,339 | 31,990 | 1,339 | |||||||||||||||||||||||||||
18490102 | Allergan, Inc. | 30,300 | 1,414 | — | — | 30,300 | 1,414 | |||||||||||||||||||||||||||
478160104 | Johnson & Johnson | — | — | 27,780 | 1,455 | 27,780 | 1,455 | |||||||||||||||||||||||||||
589331107 | Merck & Co., Inc. | — | — | 51,068 | 1,238 | 51,068 | 1,238 | |||||||||||||||||||||||||||
66987V109 | Novartis AG ADR | — | — | 38,270 | 1,451 | 38,270 | 1,451 | |||||||||||||||||||||||||||
Professional Services | ||||||||||||||||||||||||||||||||||
770323103 | Robert Half International, Inc. | — | — | 8,420 | 202 | 8,420 | 202 | |||||||||||||||||||||||||||
Real Estate Investment Trusts | ||||||||||||||||||||||||||||||||||
44107P104 | Host Hotels & Resorts, Inc. | 150,406 | 1,157 | 13,350 | 103 | 163,756 | 1,260 | |||||||||||||||||||||||||||
517942108 | LaSalle Hotel Properties | — | — | 18,130 | 217 | 18,130 | 217 | |||||||||||||||||||||||||||
Road & Rail | ||||||||||||||||||||||||||||||||||
485170302 | Kansas City Southern | 29,660 | 452 | — | — | 29,660 | 452 | |||||||||||||||||||||||||||
515098101 | Landstar System, Inc. | 29,420 | 1,047 | — | — | 29,420 | 1,047 | |||||||||||||||||||||||||||
Semiconductors & Semiconductor Equipment | ||||||||||||||||||||||||||||||||||
38222105 | Applied Materials, Inc. | — | — | 159,960 | 1,953 | 159,960 | 1,953 | |||||||||||||||||||||||||||
670008101 | Novellus Systems, Inc. | — | — | 52,930 | 956 | 52,930 | 956 | |||||||||||||||||||||||||||
B01D632 | Samsung Electronics Co., Ltd. GDR | -144A | — | — | 13,300 | 3,019 | 13,300 | 3,019 | ||||||||||||||||||||||||||
874039100 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | — | — | 133,457 | 1,411 | 133,457 | 1,411 | |||||||||||||||||||||||||||
882508104 | Texas Instruments, Inc. | — | — | 86,000 | 1,553 | 86,000 | 1,553 | |||||||||||||||||||||||||||
922207105 | Varian Semiconductor Equipment Associates, Inc. | — | — | 6,070 | 155 | 6,070 | 155 | |||||||||||||||||||||||||||
B170G56 | Verigy, Ltd. | — | — | 9,211 | 101 | 9,211 | 101 | |||||||||||||||||||||||||||
Software | ||||||||||||||||||||||||||||||||||
177376100 | Citrix Systems, Inc. | — | — | 14,710 | 420 | 14,710 | 420 | |||||||||||||||||||||||||||
45666Q102 | Informatica Corp. | 86,800 | 1,380 | — | — | 86,800 | 1,380 | |||||||||||||||||||||||||||
52078P102 | Lawson Software, Inc. | — | — | 74,960 | 404 | 74,960 | 404 | |||||||||||||||||||||||||||
55611C108 | Macrovision Solutions Corp. | 40,120 | 811 | — | — | 40,120 | 811 | |||||||||||||||||||||||||||
594918104 | Microsoft Corp. | — | — | 73,410 | 1,487 | 73,410 | 1,487 | |||||||||||||||||||||||||||
Specialty Retail | ||||||||||||||||||||||||||||||||||
364760108 | Gap, Inc. | — | — | 49,070 | 763 | 49,070 | 763 | |||||||||||||||||||||||||||
437076102 | Home Depot, Inc. | — | — | 71,370 | 1,878 | 71,370 | 1,878 | |||||||||||||||||||||||||||
70959W103 | Penske Auto Group, Inc. | — | — | 20,450 | 271 | 20,450 | 271 | |||||||||||||||||||||||||||
969904101 | Williams-Sonoma, Inc. | — | — | 22,840 | 320 | 22,840 | 320 | |||||||||||||||||||||||||||
Textiles, Apparel & Luxury Goods | ||||||||||||||||||||||||||||||||||
654106103 | Nike, Inc. -Class B | 18,700 | 981 | — | — | 18,700 | 981 | |||||||||||||||||||||||||||
Wireless Telecommunication Services | ||||||||||||||||||||||||||||||||||
852061100 | Sprint Nextel Corp. | 330,000 | 1,439 | — | — | 330,000 | 1,439 | |||||||||||||||||||||||||||
92857W209 | Vodafone Group PLC ADR | — | — | 72,007 | 1,321 | 72,007 | 1,321 | |||||||||||||||||||||||||||
43,540 | 59,370 | 102,910 | ||||||||||||||||||||||||||||||||
Total Cost $ (43,873 | ) | Total Cost $ (71,592 | ) | Total Cost $ (115,465 | ) |
Principal | Value | Principal | Value | Principal | Value | |||||||||||||||||||||||
REPURCHASE AGREEMENT (13.3%) | ||||||||||||||||||||||||||||
85799F003 | State Street Repurchase Agreement | $ | 12,067 | $ | 12,067 | $ | 3,667 | $ | 3,667 | $ | 15,734 | $ | 15,734 | |||||||||||||||
0.01%, dated 04/30/09, to be repurchased | 12,067 | 3,667 | 15,734 | |||||||||||||||||||||||||
at $15,734 on 05/01/2009 | Total Cost $ (12,067 | ) | Total Cost $ (3,668 | ) | Total Cost $ (15,734 | ) | ||||||||||||||||||||||
Total Investment Securities Cost | 55,940 | 72,560 | 131,199 | |||||||||||||||||||||||||
Total Investment Securities Value | 55,607 | 63,037 | 118,644 | |||||||||||||||||||||||||
Other Assets and Liabilities, net | (1 | ) | (561 | ) | (562 | ) | ||||||||||||||||||||||
Net Assets | $ | 55,606 | $ | 62,476 | $ | 118,082 | ||||||||||||||||||||||
ə | Securities fair valued as determined in good faith in accordance with procedures established by the Board of Trustees. | |
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2009, these securities aggregated to $3,019, or 2.56%, of the Fund’s net assets. |
S-16
PRO FORMA STATEMENT OF ASSETS AND LIABILITIES
At April 30, 2009
(all amounts except per share amounts in thousands)
Transamerica | Transamerica Legg | |||||||||||||||
Premier Focus | Mason Partners All | Combined | ||||||||||||||
Fund | Cap | Adjustments | Pro Forma Fund | |||||||||||||
Assets: | ||||||||||||||||
Investment securities, at value | $ | 43,540 | $ | 59,370 | $ | $ | 102,910 | |||||||||
Repurchase agreement, at value | 12,067 | 3,667 | 15,734 | |||||||||||||
Receivables: | ||||||||||||||||
Investment securities sold | — | 82 | 82 | |||||||||||||
Shares sold | 3 | 23 | 26 | |||||||||||||
Dividends | 50 | 44 | 94 | |||||||||||||
Dividend reclaims | 1 | 26 | 27 | |||||||||||||
Other | — | 28 | 28 | |||||||||||||
55,661 | 63,240 | — | 118,901 | |||||||||||||
Liabilities: | ||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||
Investment securities purchased | — | 570 | 570 | |||||||||||||
Shares redeemed | — | 47 | 47 | |||||||||||||
Management and advisory fees | 24 | 36 | 60 | |||||||||||||
Distribution and service fees | 11 | 36 | 47 | |||||||||||||
Administration fees | 1 | 1 | 2 | |||||||||||||
Trustees fees | — | 28 | 28 | |||||||||||||
Transfer agent fees | 11 | 26 | 37 | |||||||||||||
Other | 8 | 20 | 28 | |||||||||||||
55 | 764 | 819 | ||||||||||||||
Net Assets | $ | 55,606 | $ | 62,476 | $ | $ | 118,082 | |||||||||
Net Assets Consist of: | ||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 67,584 | $ | 82,354 | $ | (7,642) | (a) | $ | 142,296 | |||||||
Undistributed net investment income | (498 | ) | 164 | (164) | (a) | (498 | ) | |||||||||
Accumulated net realized loss from investment securities and foreign currency transactions | (11,147 | ) | (7,806 | ) | 7,806 | (a) | (11,147 | ) | ||||||||
Net unrealized depreciation on: | ||||||||||||||||
Investment securities | (333 | ) | (12,236 | ) | (12,569 | ) | ||||||||||
Net Assets | $ | 55,606 | $ | 62,476 | $ | 0 | $ | 118,082 | ||||||||
Net Assets by Class: | ||||||||||||||||
Class A | $ | — | $ | 26,916 | $ | $ | 26,916 | |||||||||
Class B | — | 23,173 | 23,173 | |||||||||||||
Class C | — | 12,387 | 12,387 | |||||||||||||
Class P | — | — | 55,606 | (b) | 55,606 | |||||||||||
Investor Class | 55,606 | — | (55,606) | (b) | — | |||||||||||
Shares Outstanding: | ||||||||||||||||
Class A | — | 2,964 | 2,964 | |||||||||||||
Class B | — | 2,733 | 2,733 | |||||||||||||
Class C | — | 1,463 | 1,463 | |||||||||||||
Class P | — | — | 3,777 | (c) | 3,777 | |||||||||||
Investor Class | 3,777 | — | (3,777) | (c) | — | |||||||||||
Net Asset Value and Offering Price Per Share: | ||||||||||||||||
Class A | $ | — | $ | 9.08 | $ | $ | 9.08 | |||||||||
Class B | — | 8.48 | 8.48 | |||||||||||||
Class C | — | 8.47 | 8.47 | |||||||||||||
Class P | — | — | 14.72 | (d) | 14.72 | |||||||||||
Investor Class | 14.72 | — | (14.72) | (d) | — | |||||||||||
Investment Securities, at cost | $ | 43,873 | $ | 71,593 | $ | 115,466 | ||||||||||
Repurchase agreement, at cost | $ | 12,067 | $ | 3,667 | $ | 15,734 |
(a) - (j) | See Note 2 of the Notes to the Pro Forma Financial Statements. |
S-17
PRO FORMA STATEMENT OF OPERATIONS
For the twelve months ended April 30, 2009
(all amounts in thousands)
Transamerica | Transamerica | Combined | ||||||||||||||
Premier Focus | Legg Mason | Pro Forma | ||||||||||||||
Fund | Parners All Cap | Adjustments | Fund | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 453 | $ | 2,282 | $ | $ | 2,735 | |||||||||
Withholding taxes on foreign dividends | (6 | ) | (48 | ) | (54 | ) | ||||||||||
Interest | 45 | 16 | 61 | |||||||||||||
Income from loaned securities-net | 73 | 77 | 150 | |||||||||||||
565 | 2,327 | 2,892 | ||||||||||||||
Expenses: | ||||||||||||||||
Management and advisory fees | 531 | 691 | (28) | (e) | 1,194 | |||||||||||
Printing and shareholder reports | 9 | (1 | ) | 8 | ||||||||||||
Custody fees | 10 | 31 | (25) | (f) | 16 | |||||||||||
Administration fees | 14 | 18 | 32 | |||||||||||||
Legal fees | 3 | 2 | 5 | |||||||||||||
Audit fees | 23 | 20 | (15) | (g) | 28 | |||||||||||
Trustees fees | 3 | 2 | 5 | |||||||||||||
Registration fees | 28 | (10 | ) | 18 | ||||||||||||
Distribution and service fees: | ||||||||||||||||
Class A | 108 | 108 | ||||||||||||||
Class B | 381 | 381 | ||||||||||||||
Class C | 172 | 172 | ||||||||||||||
Class P | 156 | (h) | 156 | |||||||||||||
Investor Class | 156 | (156) | (h) | — | ||||||||||||
Transfer agent fees | ||||||||||||||||
Class A | 138 | 138 | ||||||||||||||
Class B | 171 | 171 | ||||||||||||||
Class C | 56 | 56 | ||||||||||||||
Class P | 140 | (i) | 140 | |||||||||||||
Investor Class | 140 | (140) | (i) | — | ||||||||||||
Other | (5 | ) | 30 | 25 | ||||||||||||
Total expenses | 912 | 1,809 | (68 | ) | 2,653 | |||||||||||
Class expense reimbursed: | ||||||||||||||||
Class A | (44 | ) | 4 | (j) | (41 | ) | ||||||||||
Class B | (57 | ) | 4 | (j) | (53 | ) | ||||||||||
Class C | (4 | ) | 2 | (j) | (2 | ) | ||||||||||
Class P | ||||||||||||||||
Investor Class | (36 | ) | 36 | (j) | — | |||||||||||
Total reimbursement of expenses | (36 | ) | (106 | ) | 46 | (96 | ) | |||||||||
Net Investment Income | (311 | ) | 624 | 22 | 335 | |||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||
Investment securities | (13,155 | ) | (11,732 | ) | (24,887 | ) | ||||||||||
(13,155 | ) | (11,732 | ) | (24,887 | ) | |||||||||||
Net Increase (Decrease) in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investment securities | (29,262 | ) | (32,355 | ) | (61,617 | ) | ||||||||||
(29,262 | ) | (32,355 | ) | (61,617 | ) | |||||||||||
Net Realized and Unrealized Loss | (42,417 | ) | (44,087 | ) | (86,504 | ) | ||||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (42,728 | ) | $ | (43,463 | ) | $ | 22 | $ | (86,169 | ) | |||||
(a) - (j) | See Note 2 of the Notes to the Pro Forma Financial Statements. | |
THE NOTES TO THE PRO FORMA FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS REPORT. |
S-18
PRO FORMA SCHEDULE OF INVESTMENTS
At April 30, 2009
(all amounts except per share amounts in thousands)
Transamerica Premier Growth | Combined | |||||||||||||||||||||||||
Opportunities Fund | Transamerica Growth Opportunities | Pro Forma Fund | ||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | |||||||||||||||||||||
COMMON STOCK (95.3%) | ||||||||||||||||||||||||||
Aerospace & Defense | ||||||||||||||||||||||||||
Precision Castparts Corp. | 41,000 | $ | 3,069 | 77,300 | $ | 5,787 | 118,300 | $ | 8,856 | |||||||||||||||||
Rockwell Collins, Inc. | 10,900 | 418 | 21,500 | 825 | 32,400 | 1,243 | ||||||||||||||||||||
Air Freight & Logistics | ||||||||||||||||||||||||||
CH Robinson Worldwide, Inc. | 60,900 | 3,237 | 116,900 | 6,214 | 177,800 | 9,451 | ||||||||||||||||||||
Auto Components | ||||||||||||||||||||||||||
BorgWarner, Inc. | 104,600 | 3,028 | 196,200 | 5,680 | 300,800 | 8,708 | ||||||||||||||||||||
Johnson Controls, Inc. | 49,900 | 949 | 98,100 | 1,865 | 148,000 | 2,814 | ||||||||||||||||||||
Capital Markets | ||||||||||||||||||||||||||
Greenhill & Co., Inc. | 33,895 | 2,628 | 68,070 | 5,277 | 101,965 | 7,905 | ||||||||||||||||||||
T. Rowe Price Group, Inc. | 70,557 | 2,718 | 143,430 | 5,525 | 213,987 | 8,243 | ||||||||||||||||||||
Chemicals | ||||||||||||||||||||||||||
Ecolab, Inc. | 35,800 | 1,380 | 70,700 | 2,725 | 106,500 | 4,105 | ||||||||||||||||||||
Communications Equipment | ||||||||||||||||||||||||||
Juniper Networks, Inc. | 49,600 | 1,074 | 97,400 | 2,109 | 147,000 | 3,183 | ||||||||||||||||||||
Polycom, Inc. | 109,000 | 2,032 | 212,400 | 3,959 | 321,400 | 5,991 | ||||||||||||||||||||
Computers & Peripherals | ||||||||||||||||||||||||||
Data Domain, Inc. | 23,445 | 389 | 46,050 | 764 | 69,495 | 1,153 | ||||||||||||||||||||
Construction & Engineering | ||||||||||||||||||||||||||
Jacobs Engineering Group, Inc. | 25,700 | 978 | 49,300 | 1,875 | 75,000 | 2,853 | ||||||||||||||||||||
Construction Materials | ||||||||||||||||||||||||||
Martin Marietta Materials, Inc. | 12,200 | 1,025 | 27,200 | 2,286 | 39,400 | 3,311 | ||||||||||||||||||||
Diversified Consumer Services | ||||||||||||||||||||||||||
Strayer Education, Inc. | 9,100 | 1,724 | 17,100 | 3,239 | 26,200 | 4,963 | ||||||||||||||||||||
Electrical Equipment | ||||||||||||||||||||||||||
Cooper Industries, Ltd. -Class A | 49,000 | 1,607 | 93,500 | 3,066 | 142,500 | 4,673 | ||||||||||||||||||||
Electronic Equipment & Instruments | ||||||||||||||||||||||||||
FLIR Systems, Inc. | 63,000 | 1,397 | 123,000 | 2,728 | 186,000 | 4,125 | ||||||||||||||||||||
Health Care Equipment & Supplies | ||||||||||||||||||||||||||
Idexx Laboratories, Inc. | 33,000 | 1,297 | 64,300 | 2,527 | 97,300 | 3,824 | ||||||||||||||||||||
Intuitive Surgical, Inc. | 8,250 | 1,186 | 15,900 | 2,285 | 24,150 | 3,471 | ||||||||||||||||||||
Varian Medical Systems, Inc. | 10,600 | 354 | 20,400 | 681 | 31,000 | 1,035 | ||||||||||||||||||||
Health Care Technology | ||||||||||||||||||||||||||
Cerner Corp. | 17,800 | 958 | 34,600 | 1,861 | 52,400 | 2,819 | ||||||||||||||||||||
Hotels, Restaurants & Leisure | ||||||||||||||||||||||||||
Burger King Holdings, Inc. | 53,900 | 881 | 105,010 | 1,716 | 158,910 | 2,597 | ||||||||||||||||||||
Internet & Catalog Retail | ||||||||||||||||||||||||||
priceline.com, Inc. | 9,930 | 964 | 19,310 | 1,875 | 29,240 | 2,839 |
S-19
Transamerica Premier Growth | Combined | |||||||||||||||||||||||||
Opportunities Fund | Transamerica Growth Opportunities | Pro Forma Fund | ||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | |||||||||||||||||||||
Leisure Equipment & Products | ||||||||||||||||||||||||||
Hasbro, Inc. | 65,200 | 1,738 | 123,000 | 3,279 | 188,200 | 5,017 | ||||||||||||||||||||
Life Sciences Tools & Services | ||||||||||||||||||||||||||
Covance, Inc. | 23,700 | 931 | 44,600 | 1,752 | 68,300 | 2,683 | ||||||||||||||||||||
Techne Corp. | 31,100 | 1,780 | 59,900 | 3,427 | 91,000 | 5,207 | ||||||||||||||||||||
Machinery | ||||||||||||||||||||||||||
Donaldson Co., Inc. | 40,700 | 1,343 | 80,100 | 2,642 | 120,800 | 3,985 | ||||||||||||||||||||
Kennametal, Inc. | 128,100 | 2,620 | 246,300 | 5,037 | 374,400 | 7,657 | ||||||||||||||||||||
PACCAR, Inc. | 86,500 | 3,065 | 174,900 | 6,198 | 261,400 | 9,263 | ||||||||||||||||||||
Multiline Retail | ||||||||||||||||||||||||||
Nordstrom, Inc. | 22,420 | 507 | 44,040 | 997 | 66,460 | 1,504 | ||||||||||||||||||||
Oil, Gas & Consumable Fuels | ||||||||||||||||||||||||||
Range Resources Corp. | 17,100 | 683 | 33,100 | 1,323 | 50,200 | 2,006 | ||||||||||||||||||||
Pharmaceuticals | ||||||||||||||||||||||||||
Allergan, Inc. | 47,100 | 2,198 | 89,000 | 4,153 | 136,100 | 6,351 | ||||||||||||||||||||
Professional Services | ||||||||||||||||||||||||||
FTI Consulting, Inc. | 26,000 | 1,427 | 50,000 | 2,744 | 76,000 | 4,171 | ||||||||||||||||||||
Real Estate Investment Trusts | ||||||||||||||||||||||||||
Plum Creek Timber Co., Inc. | 83,200 | 2,872 | 152,300 | 5,257 | 235,500 | 8,129 | ||||||||||||||||||||
Real Estate Management & Development | ||||||||||||||||||||||||||
St. Joe Co. | 43,900 | 1,092 | 85,500 | 2,127 | 129,400 | 3,219 | ||||||||||||||||||||
Software | ||||||||||||||||||||||||||
Activision Blizzard, Inc. | 244,500 | 2,633 | 473,300 | 5,097 | 717,800 | 7,730 | ||||||||||||||||||||
Adobe Systems, Inc. | 100,300 | 2,743 | 196,825 | 5,383 | 297,125 | 8,126 | ||||||||||||||||||||
Informatica Corp. | 97,500 | 1,550 | 190,100 | 3,023 | 287,600 | 4,573 | ||||||||||||||||||||
Intuit, Inc. | 105,700 | 2,444 | 204,000 | 4,719 | 309,700 | 7,163 | ||||||||||||||||||||
Macrovision Solutions Corp. | 32,000 | 647 | 60,900 | 1,231 | 92,900 | 1,878 | ||||||||||||||||||||
Quality Systems, Inc. | 16,000 | 858 | 30,100 | 1,614 | 46,100 | 2,472 | ||||||||||||||||||||
Salesforce.com, Inc. | 54,300 | 2,325 | 103,900 | 4,448 | 158,200 | 6,773 | ||||||||||||||||||||
Specialty Retail | ||||||||||||||||||||||||||
Gap, Inc. | 126,900 | 1,972 | 241,595 | 3,754 | 368,495 | 5,726 | ||||||||||||||||||||
Guess, Inc. | 124,400 | 3,238 | 235,200 | 6,125 | 359,600 | 9,363 | ||||||||||||||||||||
Textiles, Apparel & Luxury Goods | ||||||||||||||||||||||||||
Carter’s, Inc. | 73,600 | 1,574 | 148,500 | 3,175 | 222,100 | 4,749 | ||||||||||||||||||||
Under Armour, Inc. -Class A | 16,380 | 386 | 32,100 | 756 | 48,480 | 1,142 | ||||||||||||||||||||
Trading Companies & Distributors | ||||||||||||||||||||||||||
WW Grainger, Inc. | 44,422 | 3,726 | 84,700 | 7,105 | 129,122 | 10,831 | ||||||||||||||||||||
77,645 | 150,235 | 227,880 | ||||||||||||||||||||||||
Total Cost $ (83,283) | Total Cost $ (165,336) | Total Cost $ (248,619) | ||||||||||||||||||||||||
Principal | Value | Principal | Value | Principal | Value | |||||||||||||||||||||
REPURCHASE AGREEMENT (5.7%) | ||||||||||||||||||||||||||
State Street Repurchase Agreement | $ | 4,017 | 4,017 | $ | 9,526 | 9,526 | $ | 13,543 | 13,543 | |||||||||||||||||
0.01%, dated 04/30/09, to be repurchased | 4,017 | 9,526 | 13,543 | |||||||||||||||||||||||
at $13,543 on 05/01/2009 | Total Cost $ (4,017) | Total Cost $ (9,526) | Total Cost $ (13,543) | |||||||||||||||||||||||
Total Investment Securities Cost | 87,300 | 174,862 | 262,162 | |||||||||||||||||||||||
Total Investment Securities Value | 81,662 | 159,761 | 241,423 | |||||||||||||||||||||||
Other Assets and Liabilities, net | (715 | ) | (1,654 | ) | (2,369 | ) | ||||||||||||||||||||
Net Assets | $ | 80,947 | $ | 158,107 | $ | 239,054 | ||||||||||||||||||||
S-20
PRO FORMA STATEMENT OF ASSETS AND LIABILITIES
At April 30, 2009
(all amounts except per share amounts in thousands)
Transamerica | ||||||||||||||||||||
Premier Growth | Transamerica | |||||||||||||||||||
Opportunities | Growth | Combined | ||||||||||||||||||
Fund | Opportunities Fund | Adjustments | Pro Forma Fund | |||||||||||||||||
Assets: | ||||||||||||||||||||
Investment securities, at value | $ | 77,645 | $ | 150,235 | $ | $ | 227,880 | |||||||||||||
Repurchase agreement, at value | 4,017 | 9,526 | 13,543 | |||||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | 527 | 887 | 1,414 | |||||||||||||||||
Shares sold | — | 26 | 26 | |||||||||||||||||
Income from loaned securities | 1 | — | 1 | |||||||||||||||||
Dividends | 13 | 25 | 38 | |||||||||||||||||
Other | — | 18 | 18 | |||||||||||||||||
82,203 | 160,717 | 242,920 | ||||||||||||||||||
Liabilities: | ||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||
Investment securities purchased | 1,180 | 2,377 | 3,557 | |||||||||||||||||
Shares redeemed | 1 | 30 | 31 | |||||||||||||||||
Management and advisory fees | 28 | 77 | 105 | |||||||||||||||||
Distribution and service fees | 16 | 32 | 48 | |||||||||||||||||
Administration fees | 2 | 2 | 4 | |||||||||||||||||
Trustees fees | — | 19 | 19 | |||||||||||||||||
Transfer agent fees | 18 | 47 | 65 | |||||||||||||||||
Other | 11 | 26 | 37 | |||||||||||||||||
1,256 | 2,610 | 3,866 | ||||||||||||||||||
Net Assets | $ | 80,947 | $ | 158,107 | $ | $ | 239,054 | |||||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 107,525 | $ | 321,268 | $ | (20,940 | ) | (a | ) | $ | 407,853 | |||||||||
Undistributed net investment income | (600 | ) | 67 | 600 | (a | ) | 67 | |||||||||||||
Accumulated net realized loss from investment securities and foreign currency transactions | (20,340 | ) | (148,119 | ) | 20,340 | (a | ) | (148,119 | ) | |||||||||||
Net unrealized depreciation on: | ||||||||||||||||||||
Investment securities | (5,638 | ) | (15,109 | ) | (20,747 | ) | ||||||||||||||
Net Assets | $ | 80,947 | $ | 158,107 | $ | $ | 239,054 | |||||||||||||
Net Assets by Class: | ||||||||||||||||||||
Class A | $ | $ | 42,498 | $ | $ | 42,498 | ||||||||||||||
Class B | 16,006 | 16,006 | ||||||||||||||||||
Class C | 9,815 | 9,815 | ||||||||||||||||||
Class I | 89,788 | 89,788 | ||||||||||||||||||
Class P | 80,947 | (b | ) | 80,947 | ||||||||||||||||
Investor Class | 80,947 | (80,947 | ) | (b | ) | — | ||||||||||||||
Shares Outstanding: | ||||||||||||||||||||
Class A | 6,448 | 6,448 | ||||||||||||||||||
Class B | 2,611 | 2,611 | ||||||||||||||||||
Class C | 1,595 | 1,595 | ||||||||||||||||||
Class I | 13,236 | 13,236 | ||||||||||||||||||
Class P | 4,595 | (c | ) | 4,595 | ||||||||||||||||
Investor Class | 4,595 | (4,595 | ) | (c | ) | — | ||||||||||||||
Net Asset Value and Offering Price Per Share: | ||||||||||||||||||||
Class A | $ | $ | 6.59 | $ | $ | 6.59 | ||||||||||||||
Class B | 6.13 | 6.13 | ||||||||||||||||||
Class C | 6.16 | 6.16 | ||||||||||||||||||
Class I | 6.78 | 6.78 | ||||||||||||||||||
Class P | 17.61 | (d | ) | 17.61 | ||||||||||||||||
Investor Class | 17.61 | (17.61 | ) | (d | ) | — | ||||||||||||||
Investment Securities, at cost | $ | 83,283 | $ | 165,336 | $ | 248,619 | ||||||||||||||
Repurchase agreement, at cost | $ | 4,017 | $ | 9,526 | $ | 13,543 |
(a) - (j) | See Note 2 of the Notes to the Pro Forma Financial Statements. |
S-21
Transamerica | Transamerica | Combined | ||||||||||||||||||
Premier Growth | Growth | Pro Forma | ||||||||||||||||||
Opportunities Fund | Opportunities | Adjustments | Fund | |||||||||||||||||
Investment Income: | ||||||||||||||||||||
Dividend Income | $ | 825 | $ | 1,647 | $ | $ | 2,472 | |||||||||||||
Withholding taxes on foreign dividends | (2 | ) | (3 | ) | (5 | ) | ||||||||||||||
Interest | 34 | 66 | 100 | |||||||||||||||||
Income from loaned securities-net | 185 | 709 | 894 | |||||||||||||||||
1,042 | 2,419 | 3,461 | ||||||||||||||||||
Expenses: | ||||||||||||||||||||
Management and advisory fees | 805 | 1,504 | (57 | ) | (e | ) | 2,252 | |||||||||||||
Printing and shareholder reports | 14 | 2 | 16 | |||||||||||||||||
Custody fees | 15 | 31 | (8 | ) | (f | ) | 38 | |||||||||||||
Administration fees | 22 | 38 | 60 | |||||||||||||||||
Legal fees | 5 | 5 | 10 | |||||||||||||||||
Audit fees | 24 | 19 | (19 | ) | (g | ) | 24 | |||||||||||||
Trustees fees | 4 | 3 | 7 | |||||||||||||||||
Registration fees | 29 | (12 | ) | 17 | ||||||||||||||||
Distribution and service fees: | ||||||||||||||||||||
Class A | 159 | 159 | ||||||||||||||||||
Class B | 243 | 243 | ||||||||||||||||||
Class C | 120 | 120 | ||||||||||||||||||
Class P | 237 | (h | ) | 237 | ||||||||||||||||
Investor Class | 237 | (237 | ) | (h | ) | — | ||||||||||||||
Transfer agent fees | ||||||||||||||||||||
Class A | 374 | 374 | ||||||||||||||||||
Class B | 183 | 183 | ||||||||||||||||||
Class C | 75 | 75 | ||||||||||||||||||
Class P | 242 | (i | ) | 242 | ||||||||||||||||
Investor Class | 242 | — | (242 | ) | (i | ) | — | |||||||||||||
Other | (4 | ) | 39 | 35 | ||||||||||||||||
Total expenses | 1,393 | 2,783 | (84 | ) | 4,092 | |||||||||||||||
Class expense reimbursed: | ||||||||||||||||||||
Class A | (131 | ) | (2 | ) | (j | ) | (133 | ) | ||||||||||||
Class B | (52 | ) | (1 | ) | (j | ) | (53 | ) | ||||||||||||
Class C | (9 | ) | (9 | ) | ||||||||||||||||
Class P | ||||||||||||||||||||
Investor Class | (64 | ) | — | 64 | (j | ) | — | |||||||||||||
Total reimbursement of expenses | (64 | ) | (192 | ) | 61 | (195 | ) | |||||||||||||
Net Investment Income | (287 | ) | (172 | ) | 23 | (436 | ) | |||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||
Investment securities | (20,818 | ) | (38,368 | ) | (59,186 | ) | ||||||||||||||
(20,818 | ) | (38,368 | ) | (59,186 | ) | |||||||||||||||
Net Increase (Decrease) in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||
Investment securities | (41,047 | ) | (35,164 | ) | (76,211 | ) | ||||||||||||||
(41,047 | ) | (35,164 | ) | (76,211 | ) | |||||||||||||||
Net Realized and Unrealized Loss | (61,865 | ) | (73,532 | ) | (135,397 | ) | ||||||||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (62,152 | ) | $ | (73,704 | ) | $ | 23 | $ | (135,833 | ) | |||||||||
(a) - (j) | See Note 2 of the Notes to the Pro Forma Financial Statements. |
S-22
PRO FORMA SCHEDULE OF INVESTMENTS
At April 30, 2009
(all amounts except per share amounts in thousands)
Transamerica Convertible | Combined | |||||||||||||||||||||||||||||
Securities | Transamerica Flexible Income | Pro Forma Fund | ||||||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | |||||||||||||||||||||||||
CONVERTIBLE PREFERRED STOCK (2.3%) | ||||||||||||||||||||||||||||||
Diversified Financial Services | ||||||||||||||||||||||||||||||
Vale Capital, Ltd., 5.50% | 60,900 | $ | 2,132 | — | $ | — | 60,900 | $ | 2,132 | |||||||||||||||||||||
Pharmaceuticals | ||||||||||||||||||||||||||||||
Mylan, Inc., 6.50% | 2,055 | 1,751 | — | — | 2,055 | 1,751 | ||||||||||||||||||||||||
Road & Rail | ||||||||||||||||||||||||||||||
Kansas City Southern, 5.13% | — | — | 880 | 564 | 880 | 564 | ||||||||||||||||||||||||
3,883 | 564 | 4,447 | ||||||||||||||||||||||||||||
Total Cost $ (3,536) | Total Cost $ (751) | Total Cost $ (4,287) | ||||||||||||||||||||||||||||
PREFERRED STOCK (1.4%) | ||||||||||||||||||||||||||||||
Commercial Services & Supplies | ||||||||||||||||||||||||||||||
Avery Dennison Corp., 7.88% | 52,000 | 1,586 | — | — | 52,000 | 1,586 | ||||||||||||||||||||||||
Diversified Telecommunication Services | ||||||||||||||||||||||||||||||
Centaur Funding Corp., 9.08% | -144A | — | — | 1,661 | 1,033 | 1,661 | 1,033 | |||||||||||||||||||||||
1,586 | 1,033 | 2,619 | ||||||||||||||||||||||||||||
Total Cost $ (1,674) | Total Cost $ (2,153) | Total Cost $ (3,827) | ||||||||||||||||||||||||||||
REVERSE CONVERTIBLE BOND (1.4%) | ||||||||||||||||||||||||||||||
Capital Markets | ||||||||||||||||||||||||||||||
Goldman Sachs Group, Inc. | -144A | 162,000 | 2,579 | — | — | 162,000 | 2,579 | |||||||||||||||||||||||
2,579 | — | 2,579 | ||||||||||||||||||||||||||||
Total Cost $ (2,603) | Total Cost $ (0) | Total Cost $ (2,603) | ||||||||||||||||||||||||||||
Principal | Value | Principal | Value | Principal | Value | |||||||||||||||||||||||||
U.S. GOVERNMENT AGENCY OBLIGATION (10.9%) | ||||||||||||||||||||||||||||||
Fannie Mae, 4.50%, 07/25/2021 | $ | — | — | $ | 2,678 | 2,727 | $ | 2,678 | 2,727 | |||||||||||||||||||||
Fannie Mae, 5.00%, 06/25/2019 | — | — | 2,060 | 2,150 | 2,060 | 2,150 | ||||||||||||||||||||||||
Fannie Mae, 5.00%, 09/01/2037 | — | — | 2,661 | 2,740 | 2,661 | 2,740 | ||||||||||||||||||||||||
Fannie Mae, 5.00%, 03/01/2039 | — | — | 3,593 | 3,699 | 3,593 | 3,699 | ||||||||||||||||||||||||
Fannie Mae, 5.50%, 07/01/2038 | — | — | 4,878 | 5,060 | 4,878 | 5,060 | ||||||||||||||||||||||||
Fannie Mae, 5.50%, 11/01/2038 | — | — | 4,142 | 4,295 | 4,142 | 4,295 | ||||||||||||||||||||||||
— | 20,671 | 20,671 | ||||||||||||||||||||||||||||
Total Cost $ (0) | Total Cost $ (20,196) | Total Cost $ (20,196) | ||||||||||||||||||||||||||||
U.S. GOVERNMENT OBLIGATION (1.5%) | ||||||||||||||||||||||||||||||
U.S. Treasury Inflation Indexed Bond, 1.75%, 01/15/2028 | — | — | 1,415 | 1,272 | 1,415 | 1,272 | ||||||||||||||||||||||||
U.S. Treasury Note, 1.75%, 03/31/2014 | — | — | 1,015 | 1,004 | 1,015 | 1,004 | ||||||||||||||||||||||||
U.S. Treasury Note, 2.75%, 02/15/2019 | — | — | 586 | 568 | 586 | 568 | ||||||||||||||||||||||||
— | 2,844 | 2,844 | ||||||||||||||||||||||||||||
Total Cost $ (0) | Total Cost $ (2,910) | Total Cost $ (2,910) | ||||||||||||||||||||||||||||
FOREIGN GOVERNMENT OBLIGATION (2.5%) | ||||||||||||||||||||||||||||||
France Government Bond, 4.00%, 04/25/2018 | EUR | — | — | 3,500 | 4,801 | 3,500 | 4,801 | |||||||||||||||||||||||
— | 4,801 | 4,801 | ||||||||||||||||||||||||||||
Total Cost $ (0) | Total Cost $ (4,461) | Total Cost $ (4,461) | ||||||||||||||||||||||||||||
MORTGAGE-BACKED SECURITY (3.5%) | ||||||||||||||||||||||||||||||
American Tower Trust, Series 2007-1A ,Class C, 5.62%, 04/15/2037 | -144A | — | $ | — | 2,090 | $ | 1,766 | 2,090 | $ | 1,766 | ||||||||||||||||||||
Crown Castle Towers LLC, Series 2006-1A ,Class C, 5.47%, 11/15/2036 | -144A | — | — | 2,000 | 1,810 | 2,000 | 1,810 | |||||||||||||||||||||||
Small Business Administration Trust, Series 2006-1A ,Class D, 5.85%, 11/15/2036 | -144A | — | — | 2,054 | 1,849 | 2,054 | 1,849 | |||||||||||||||||||||||
Small Business Administration Trust, Series 2006-1A ,Class E, 6.17%, 11/15/2036 | -144A | — | — | 1,460 | 1,299 | 1,460 | 1,299 | |||||||||||||||||||||||
— | 6,724 | 6,724 | ||||||||||||||||||||||||||||
Total Cost $ (0) | Total Cost $ (7,610) | Total Cost $ (7,610) | ||||||||||||||||||||||||||||
CONVERTIBLE BOND (27.0%) | ||||||||||||||||||||||||||||||
Aerospace & Defense | ||||||||||||||||||||||||||||||
Alliant Techsystems, Inc., 2.75%, 02/15/2024 | 1,575 | 1,660 | — | — | 1,575 | 1,660 | ||||||||||||||||||||||||
Auto Components | ||||||||||||||||||||||||||||||
Johnson Controls, Inc., 6.50%, 09/30/2012 | — | — | 775 | 1,396 | 775 | 1,396 | ||||||||||||||||||||||||
Beverages | ||||||||||||||||||||||||||||||
Molson Coors Brewing Co., 2.50%, 07/30/2013 | 1,925 | 2,043 | — | — | 1,925 | 2,043 | ||||||||||||||||||||||||
Biotechnology | ||||||||||||||||||||||||||||||
Gilead Sciences, Inc., 0.63%, 05/01/2013 | 1,450 | 1,867 | — | — | 1,450 | 1,867 | ||||||||||||||||||||||||
Commercial Services & Supplies | ||||||||||||||||||||||||||||||
Covanta Holding Corp., 1.00%, 02/01/2027 | 2,350 | 1,918 | — | — | 2,350 | 1,918 | ||||||||||||||||||||||||
Communications Equipment | ||||||||||||||||||||||||||||||
Ciena Corp., 0.88%, 06/15/2017 | 2,250 | 1,148 | — | — | 2,250 | 1,148 | ||||||||||||||||||||||||
Computers & Peripherals | ||||||||||||||||||||||||||||||
Maxtor Corp., 6.80%, 04/30/2010 | 1,950 | 1,921 | — | — | 1,950 | 1,921 | ||||||||||||||||||||||||
Construction & Engineering | ||||||||||||||||||||||||||||||
Quanta Services, Inc., 3.75%, 04/30/2026 | 1,075 | 1,226 | — | — | 1,075 | 1,226 | ||||||||||||||||||||||||
Containers & Packaging | ||||||||||||||||||||||||||||||
Sealed Air Corp., 3.00%, 06/30/2033 | -144A | 1,675 | 1,581 | 500 | 472 | 2,175 | 2,053 | |||||||||||||||||||||||
Diversified Telecommunication Services | ||||||||||||||||||||||||||||||
Global Crossing, Ltd., 5.00%, 05/15/2011 | 745 | 484 | — | — | 745 | 484 | ||||||||||||||||||||||||
Lucent Technologies, Inc., 2.88%, 06/15/2023 | 2,050 | 1,883 | 1,350 | 1,240 | 3,400 | 3,123 | ||||||||||||||||||||||||
Electronic Equipment & Instruments | ||||||||||||||||||||||||||||||
Itron, Inc., 2.50%, 08/01/2026 | 2,137 | 2,164 | — | — | 2,137 | 2,164 | ||||||||||||||||||||||||
Energy Equipment & Services | ||||||||||||||||||||||||||||||
Transocean, Inc., 1.63%, 12/15/2037 | 2,005 | 1,867 | — | — | 2,005 | 1,867 | ||||||||||||||||||||||||
Health Care Equipment & Supplies | ||||||||||||||||||||||||||||||
NuVasive, Inc., 2.25%, 03/15/2013 | -144A | 1,578 | 1,608 | — | — | 1,578 | 1,608 | |||||||||||||||||||||||
Industrial Conglomerates | ||||||||||||||||||||||||||||||
Textron, Inc., 4.50%, 05/01/2013 | 1,750 | 1,892 | — | — | 1,750 | 1,892 | ||||||||||||||||||||||||
Internet Software & Services | ||||||||||||||||||||||||||||||
Equinix, Inc., 3.00%, 10/15/2014 | 1,525 | 1,252 | — | — | 1,525 | 1,252 | ||||||||||||||||||||||||
Leisure Equipment & Products | ||||||||||||||||||||||||||||||
Hasbro, Inc., 2.75%, 12/01/2021 | 1,650 | 2,141 | — | — | 1,650 | 2,141 | ||||||||||||||||||||||||
Machinery | ||||||||||||||||||||||||||||||
Danaher Corp., 0.01%, 01/22/2021 | 2,120 | 1,903 | — | — | 2,120 | 1,903 | ||||||||||||||||||||||||
Metals & Mining | ||||||||||||||||||||||||||||||
ArcelorMittal, 5.00%, 05/15/2014 | 640 | 661 | — | — | 640 | 661 | ||||||||||||||||||||||||
Newmont Mining Corp., 1.25%, 07/15/2014 | 1,375 | 1,539 | — | — | 1,375 | 1,539 | ||||||||||||||||||||||||
U.S. Steel Corp., 4.00%, 05/15/2014 | 3,100 | 3,099 | — | — | 3,100 | 3,099 | ||||||||||||||||||||||||
Oil, Gas & Consumable Fuels | ||||||||||||||||||||||||||||||
Quicksilver Resources, Inc., 1.88%, 11/01/2024 | 940 | 807 | — | — | 940 | 807 | ||||||||||||||||||||||||
Pharmaceuticals | ||||||||||||||||||||||||||||||
Allergan, Inc., 1.50%, 04/01/2026 | 2,505 | 2,558 | — | — | 2,505 | 2,558 | ||||||||||||||||||||||||
Sepracor, Inc., 0.01%, 12/15/2010 | 1,525 | 1,331 | — | — | 1,525 | 1,331 | ||||||||||||||||||||||||
Software | ||||||||||||||||||||||||||||||
Nuance Communications, Inc., 2.75%, 08/15/2027 | 2,710 | 2,439 | — | — | 2,710 | 2,439 | ||||||||||||||||||||||||
Symantec Corp., 0.75%, 06/15/2011 | 1,860 | 1,979 | 775 | 824 | 2,635 | 2,803 | ||||||||||||||||||||||||
Wireless Telecommunication Services | ||||||||||||||||||||||||||||||
Nextel Communications, Inc., 5.25%, 01/15/2010 | 1,920 | 1,884 | — | — | 1,920 | 1,884 | ||||||||||||||||||||||||
SBA Communications Corp., 1.88%, 05/01/2013 | -144A | 3,000 | 2,520 | — | — | 3,000 | 2,520 | |||||||||||||||||||||||
47,375 | 3,932 | 51,307 | ||||||||||||||||||||||||||||
Total Cost $ (49,484) | Total Cost $ (3,391) | Total Cost $ (52,875) |
S-23
Transamerica Convertible | Combined | |||||||||||||||||||||||||||||
Securities | Transamerica Flexible Income | Pro Forma Fund | ||||||||||||||||||||||||||||
Principal | Value | Principal | Value | Principal | Value | |||||||||||||||||||||||||
CORPORATE DEBT SECURITY (42.6%) | ||||||||||||||||||||||||||||||
Auto Components | ||||||||||||||||||||||||||||||
Johnson Controls, Inc., 5.25%, 01/15/2011 | — | — | 1,565 | 1,540 | 1,565 | 1,540 | ||||||||||||||||||||||||
Tenneco, Inc., 8.13%, 11/15/2015 | — | — | 1,180 | 472 | 1,180 | 472 | ||||||||||||||||||||||||
Automobiles | ||||||||||||||||||||||||||||||
Daimler Finance North America LLC, 8.00%, 06/15/2010 | — | — | 1,360 | 1,392 | 1,360 | 1,392 | ||||||||||||||||||||||||
Beverages | ||||||||||||||||||||||||||||||
Anheuser-Busch InBev Worldwide, Inc., 8.20%, 01/15/2039 | -144A | — | — | 1,000 | 1,002 | 1,000 | 1,002 | |||||||||||||||||||||||
Bacardi, Ltd., 7.45%, 04/01/2014 | -144A | — | — | 525 | 532 | 525 | 532 | |||||||||||||||||||||||
Capital Markets | ||||||||||||||||||||||||||||||
Xstrata Finance Dubai, Ltd., 1.27%, 11/13/2009 | -144A | — | — | 1,095 | 1,075 | 1,095 | 1,075 | |||||||||||||||||||||||
Chemicals | ||||||||||||||||||||||||||||||
Dow Chemical Co., 6.13%, 02/01/2011 | — | — | 1,115 | 1,114 | 1,115 | 1,114 | ||||||||||||||||||||||||
Lubrizol Corp., 8.88%, 02/01/2019 | — | — | 1,300 | 1,410 | 1,300 | 1,410 | ||||||||||||||||||||||||
Momentive Performance Materials, Inc., 9.75%, 12/01/2014 | — | — | 1,005 | 344 | 1,005 | 344 | ||||||||||||||||||||||||
Nalco Co., 7.75%, 11/15/2011 | — | — | 1,000 | 1,010 | 1,000 | 1,010 | ||||||||||||||||||||||||
Commercial Banks | ||||||||||||||||||||||||||||||
Barclays Bank PLC, 7.70%, 04/25/2018 | -144A | — | — | 1,850 | 1,166 | 1,850 | 1,166 | |||||||||||||||||||||||
BB&T Corp., 6.85%, 04/30/2019 | — | — | 1,190 | 1,159 | 1,190 | 1,159 | ||||||||||||||||||||||||
M&I Marshall & Ilsley Bank, 1.54%, 12/04/2012 | — | — | 2,000 | 1,431 | 2,000 | 1,431 | ||||||||||||||||||||||||
Construction Materials | ||||||||||||||||||||||||||||||
CRH America, Inc., 5.30%, 10/15/2013 | — | — | 1,140 | 959 | 1,140 | 959 | ||||||||||||||||||||||||
Lafarge SA, 6.15%, 07/15/2011 | — | — | 1,880 | 1,828 | 1,880 | 1,828 | ||||||||||||||||||||||||
Martin Marietta Materials, Inc., 1.19%, 04/30/2010 | — | — | 1,340 | 1,281 | 1,340 | 1,281 | ||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||
Cardtronics, Inc., 9.25%, 08/15/2013 | — | — | 835 | 605 | 835 | 605 | ||||||||||||||||||||||||
Discover Financial Services, 1.86%, 06/11/2010 | — | — | 1,130 | 996 | 1,130 | 996 | ||||||||||||||||||||||||
Containers & Packaging | ||||||||||||||||||||||||||||||
Rexam PLC, 6.75%, 06/01/2013 | -144A | — | — | 2,365 | 2,149 | 2,365 | 2,149 | |||||||||||||||||||||||
Diversified Financial Services | ||||||||||||||||||||||||||||||
Bank of America Corp., 5.75%, 12/01/2017 | — | — | 2,200 | 1,797 | 2,200 | 1,797 | ||||||||||||||||||||||||
Bank of America Corp., 8.00%, 01/30/2018 | — | — | 2,250 | 1,278 | 2,250 | 1,278 | ||||||||||||||||||||||||
Bear Stearns Cos., Inc., 7.25%, 02/01/2018 | — | — | 2,000 | 2,042 | 2,000 | 2,042 | ||||||||||||||||||||||||
General Electric Capital Corp., 6.88%, 01/10/2039 | — | — | 2,000 | 1,567 | 2,000 | 1,567 | ||||||||||||||||||||||||
Glencore Funding LLC, 6.00%, 04/15/2014 | -144A | — | — | 2,000 | 1,230 | 2,000 | 1,230 | |||||||||||||||||||||||
GMAC LLC, 6.88%, 09/15/2011 | -144A | — | — | 750 | 653 | 750 | 653 | |||||||||||||||||||||||
JPMorgan Chase & Co., 7.90%, 04/30/2018 | — | — | 1,750 | 1,331 | 1,750 | 1,331 | ||||||||||||||||||||||||
Pemex Finance, Ltd., 9.03%, 02/15/2011 | — | — | 2,540 | 2,629 | 2,540 | 2,629 | ||||||||||||||||||||||||
Sensus Metering Systems, Inc., 8.63%, 12/15/2013 | — | — | 500 | 425 | 500 | 425 | ||||||||||||||||||||||||
Diversified Telecommunication Services | ||||||||||||||||||||||||||||||
Sprint Capital Corp., 7.63%, 01/30/2011 | — | — | 1,300 | 1,253 | 1,300 | 1,253 | ||||||||||||||||||||||||
Energy Equipment & Services | ||||||||||||||||||||||||||||||
DCP Midstream LLC, 9.75%, 03/15/2019 | -144A | — | — | 725 | 719 | 725 | 719 | |||||||||||||||||||||||
Weatherford International, Ltd., 9.63%, 03/01/2019 | — | — | 1,500 | 1,619 | 1,500 | 1,619 | ||||||||||||||||||||||||
Food & Staples Retailing | ||||||||||||||||||||||||||||||
Stater Brothers Holdings, Inc., 8.13%, 06/15/2012 | — | — | 1,000 | 988 | 1,000 | 988 | ||||||||||||||||||||||||
Food Products | ||||||||||||||||||||||||||||||
ConAgra Foods, Inc., 9.75%, 03/01/2021 | — | — | 325 | 388 | 325 | 388 | ||||||||||||||||||||||||
Michael Foods, Inc., 8.00%, 11/15/2013 | — | — | 1,575 | 1,488 | 1,575 | 1,488 | ||||||||||||||||||||||||
Hotels, Restaurants & Leisure | ||||||||||||||||||||||||||||||
Carrols Corp., 9.00%, 01/15/2013 | — | — | 500 | 463 | 500 | 463 | ||||||||||||||||||||||||
MGM Mirage, Inc., 6.00%, 10/01/2009 | — | — | 1,000 | 840 | 1,000 | 840 | ||||||||||||||||||||||||
Pokagon Gaming Authority, 10.38%, 06/15/2014 | -144A | — | — | 650 | 601 | 650 | 601 | |||||||||||||||||||||||
Station Casinos, Inc., 6.88%, 03/01/2016 | — | — | 700 | 23 | 700 | 23 | ||||||||||||||||||||||||
Yum! Brands, Inc., 8.88%, 04/15/2011 | — | — | 920 | 988 | 920 | 988 | ||||||||||||||||||||||||
Household Durables | ||||||||||||||||||||||||||||||
Whirlpool Corp., 8.00%, 05/01/2012 | — | — | 1,265 | 1,287 | 1,265 | 1,287 | ||||||||||||||||||||||||
Household Products | ||||||||||||||||||||||||||||||
Sealy Mattress Co., 8.25%, 06/15/2014 | — | — | 250 | 166 | 250 | 166 | ||||||||||||||||||||||||
Industrial Conglomerates | ||||||||||||||||||||||||||||||
Susser Holdings LLC, 10.63%, 12/15/2013 | — | — | 582 | 588 | 582 | 588 | ||||||||||||||||||||||||
Insurance | ||||||||||||||||||||||||||||||
MetLife, Inc., 7.72%, 02/15/2019 | — | — | 1,750 | 1,755 | 1,750 | 1,755 | ||||||||||||||||||||||||
Oil Insurance, Ltd., 7.56%, 06/30/2011 | -144A | — | — | 2,245 | 735 | 2,245 | 735 | |||||||||||||||||||||||
IT Services | ||||||||||||||||||||||||||||||
Aramark Corp., 8.50%, 02/01/2015 | — | — | 500 | 478 | 500 | 478 | ||||||||||||||||||||||||
Machinery | ||||||||||||||||||||||||||||||
PACCAR, Inc., 6.88%, 02/15/2014 | — | — | 1,750 | 1,832 | 1,750 | 1,832 | ||||||||||||||||||||||||
Polypore, Inc., 8.75%, 05/15/2012 | — | — | 550 | 426 | 550 | 426 | ||||||||||||||||||||||||
Titan International, Inc., 8.00%, 01/15/2012 | — | — | 1,200 | 960 | 1,200 | 960 | ||||||||||||||||||||||||
Media | ||||||||||||||||||||||||||||||
Comcast Cable Holdings LLC, 9.80%, 02/01/2012 | — | — | 2,000 | 2,156 | 2,000 | 2,156 | ||||||||||||||||||||||||
Metals & Mining | ||||||||||||||||||||||||||||||
Anglo American Capital PLC, 9.38%, 04/08/2019 | -144A | — | — | 1,240 | 1,262 | 1,240 | 1,262 | |||||||||||||||||||||||
ArcelorMittal, 5.38%, 06/01/2013 | — | — | 750 | 675 | 750 | 675 | ||||||||||||||||||||||||
Falconbridge, Ltd., 7.35%, 06/05/2012 | — | — | 645 | 569 | 645 | 569 | ||||||||||||||||||||||||
Rio Tinto Finance USA, Ltd., 9.00%, 05/01/2019 | — | — | 1,165 | 1,198 | 1,165 | 1,198 | ||||||||||||||||||||||||
Multiline Retail | ||||||||||||||||||||||||||||||
Macy’s Retail Holdings, Inc., 5.35%, 03/15/2012 | — | — | 1,480 | 1,351 | 1,480 | 1,351 | ||||||||||||||||||||||||
Multi-Utilities | ||||||||||||||||||||||||||||||
Sempra Energy, 9.80%, 02/15/2019 | — | — | 1,455 | 1,659 | 1,455 | 1,659 | ||||||||||||||||||||||||
Oil, Gas & Consumable Fuels | ||||||||||||||||||||||||||||||
Energy Transfer Partners, LP, 9.70%, 03/15/2019 | — | — | 900 | 1,000 | 900 | 1,000 | ||||||||||||||||||||||||
Enterprise Products Operating, LP, 8.38%, 08/01/2066 | — | — | 1,150 | 794 | 1,150 | 794 | ||||||||||||||||||||||||
Opti Canada, Inc., 8.25%, 12/15/2014 | — | — | 1,800 | 990 | 1,800 | 990 | ||||||||||||||||||||||||
PetroHawk Energy Corp., 9.13%, 07/15/2013 | — | — | 1,255 | 1,230 | 1,255 | 1,230 | ||||||||||||||||||||||||
Petroleum Development Corp., 12.00%, 02/15/2018 | — | — | 1,000 | 675 | 1,000 | 675 | ||||||||||||||||||||||||
Valero Logistics Operations, LP, 6.88%, 07/15/2012 | — | — | 1,500 | 1,460 | 1,500 | 1,460 | ||||||||||||||||||||||||
Paper & Forest Products | ||||||||||||||||||||||||||||||
Exopack Holding, Inc., 11.25%, 02/01/2014 | — | — | 2,000 | 1,400 | 2,000 | 1,400 | ||||||||||||||||||||||||
Weyerhaeuser Co., 6.75%, 03/15/2012 | — | — | 1,300 | 1,297 | 1,300 | 1,297 | ||||||||||||||||||||||||
Professional Services | ||||||||||||||||||||||||||||||
FTI Consulting, Inc., 7.75%, 10/01/2016 | — | — | 480 | 487 | 480 | 487 | ||||||||||||||||||||||||
Real Estate Investment Trusts | ||||||||||||||||||||||||||||||
Healthcare Realty Trust, Inc., 8.13%, 05/01/2011 | — | — | 1,480 | 1,422 | 1,480 | 1,422 | ||||||||||||||||||||||||
Wea Finance LLC / WCI Finance LLC, 5.40%, 10/01/2012 | -144A | — | — | 2,100 | 1,932 | 2,100 | 1,932 | |||||||||||||||||||||||
Road & Rail | ||||||||||||||||||||||||||||||
CSX Corp., 6.75%, 03/15/2011 | — | — | 1,675 | 1,723 | 1,675 | 1,723 | ||||||||||||||||||||||||
Hertz Corp., 10.50%, 01/01/2016 | — | — | 340 | 241 | 340 | 241 | ||||||||||||||||||||||||
Kansas City Southern de Mexico SA de CV, 7.63%, 12/01/2013 | — | — | 360 | 294 | 360 | 294 | ||||||||||||||||||||||||
Kansas City Southern de Mexico SA de CV, 12.50%, 04/01/2016 | -144A | — | — | 1,000 | 966 | 1,000 | 966 | |||||||||||||||||||||||
Specialty Retail | ||||||||||||||||||||||||||||||
Michaels Stores, Inc., 11.38%, 11/01/2016 | — | — | 1,200 | 594 | 1,200 | 594 | ||||||||||||||||||||||||
Penske Auto Group, Inc., 7.75%, 12/15/2016 | — | — | 750 | 548 | 750 | 548 | ||||||||||||||||||||||||
Staples, Inc., 9.75%, 01/15/2014 | — | — | 1,435 | 1,575 | 1,435 | 1,575 | ||||||||||||||||||||||||
Tobacco | ||||||||||||||||||||||||||||||
Alliance One International, Inc., 11.00%, 05/15/2012 | — | — | 425 | 414 | 425 | 414 | ||||||||||||||||||||||||
Wireless Telecommunication Services | ||||||||||||||||||||||||||||||
Centennial Communications Corp., 6.96%, 01/01/2013 | — | — | 1,000 | 1,003 | 1,000 | 1,003 | ||||||||||||||||||||||||
— | 80,929 | 80,929 | ||||||||||||||||||||||||||||
Total Cost $ (0) | Total Cost $ (87,534) | Total Cost $ (87,534) | ||||||||||||||||||||||||||||
REPURCHASE AGREEMENT (3.3%) | ||||||||||||||||||||||||||||||
State Street Repurchase Agreement | 2,471 | 2,471 | 3,739 | 3,739 | 6,210 | 6,210 | ||||||||||||||||||||||||
0.01%, dated 04/30/09, to be repurchased at $6,210 on 05/01/2009 | 2,471 | 3,739 | 6,210 | |||||||||||||||||||||||||||
Total Cost $ (2,471) | Total Cost $ (3,739) | Total Cost $ (6,210) | ||||||||||||||||||||||||||||
Total Investment Securities Cost | 59,768 | 132,745 | 192,513 | |||||||||||||||||||||||||||
Total Investment Securities Value | 57,894 | 125,237 | 183,131 | |||||||||||||||||||||||||||
Other Assets and Liabilities, net | 5,506 | 1,183 | 6,689 | |||||||||||||||||||||||||||
Net Assets | $ | 63,400 | $ | 126,420 | $ | 189,820 | ||||||||||||||||||||||||
Currency | Sold | Settlement Date | Amount in U.S. Dollars Sold | Net Unrealized Depreciation | ||||||||||||
Euro | (3,642 | ) | 7/31/2009 | $ (4,752 | ) | (64 | ) |
144A | 144A Securities are registered pursuant to Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At 04/30/2009, these securities aggregated to $30,539, or 16.09%, of the Fund’s net assets. |
EUR | Euro |
S-24
PRO FORMA STATEMENT OF ASSETS AND LIABILITIES
At April 30, 2009
(all amounts except per share amounts in thousands)
Transamerica | Combined | |||||||||||||||
Convertible | Transamerica | Pro Forma | ||||||||||||||
Securities | Flexible Income | Adjustments | Fund | |||||||||||||
Assets: | ||||||||||||||||
Investment securities, at value | $ | 55,423 | $ | 121,498 | $ | $ | 176,921 | |||||||||
Repurchase agreement, at value | 2,471 | 3,739 | 6,210 | |||||||||||||
Receivables: | ||||||||||||||||
Investment securities sold | 10,568 | 3,054 | 13,622 | |||||||||||||
Shares sold | 160 | 99 | 259 | |||||||||||||
Interest | 247 | 1,918 | 2,165 | |||||||||||||
Dividends | 112 | 11 | 123 | |||||||||||||
Other | 8 | 16 | 24 | |||||||||||||
68,989 | 130,335 | — | 199,324 | |||||||||||||
Liabilities: | ||||||||||||||||
Accounts payable and accrued liabilities: | — | |||||||||||||||
Investment securities purchased | 5,490 | 3,591 | 9,081 | |||||||||||||
Shares redeemed | 11 | 104 | 115 | |||||||||||||
Management and advisory fees | 40 | 73 | 113 | |||||||||||||
Distribution and service fees | 10 | 16 | 26 | |||||||||||||
Administration fees | 1 | 2 | 3 | |||||||||||||
Trustees fees | 9 | 17 | 26 | |||||||||||||
Transfer agent fees | 3 | 5 | 8 | |||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | 64 | 64 | |||||||||||||
Other | 25 | 43 | 68 | |||||||||||||
5,589 | 3,915 | 9,504 | ||||||||||||||
Net Assets | $ | 63,400 | $ | 126,420 | $ | $ | 189,820 | |||||||||
Net Assets Consist of: | ||||||||||||||||
Shares of beneficial interest, unlimited shares authorized, no par value | $ | 106,092 | $ | 205,727 | $ | (40,814) | (a) | $ | 271,005 | |||||||
Undistributed net investment income | 261 | 533 | (261) | (a) | 533 | |||||||||||
Accumulated net realized loss from investment securities and foreign currency transactions | (41,075 | ) | (72,260 | ) | 41,075 | (a) | (72,260 | ) | ||||||||
Net unrealized depreciation on: | ||||||||||||||||
Investment securities | (1,878 | ) | (7,516 | ) | (9,394 | ) | ||||||||||
Translation of assets and liabilities denominated in foreign currencies | — | (64 | ) | (64 | ) | |||||||||||
Net Assets | $ | 63,400 | $ | 126,420 | $ | $ | 189,820 | |||||||||
Net Assets by Class: | ||||||||||||||||
Class A | $ | 10,890 | $ | 15,386 | $ | $ | 26,271 | |||||||||
Class B | 2,297 | 8,431 | 10,728 | |||||||||||||
Class C | 6,255 | 6,752 | 13,007 | |||||||||||||
Class I | 43,958 | 95,851 | 139,809 | |||||||||||||
Shares Outstanding: | ||||||||||||||||
Class A | 1,513 | 2,124 | (9 | )(b) | 3,628 | |||||||||||
Class B | 322 | 1,163 | (5 | )(b) | 1,480 | |||||||||||
Class C | 880 | 935 | (14 | )(b) | 1,801 | |||||||||||
Class I | 6,102 | 13,184 | (56 | )(b) | 19,230 | |||||||||||
Net Asset Value and Offering Price Per Share: | ||||||||||||||||
Class A | $ | 7.20 | $ | 7.24 | $ | (7.20 | )(c) | $ | 7.24 | |||||||
Class B | 7.14 | 7.25 | (7.14 | )(c) | 7.25 | |||||||||||
Class C | 7.11 | 7.22 | (7.11 | )(c) | 7.22 | |||||||||||
Class I | 7.20 | 7.27 | (7.20 | )(c) | 7.27 | |||||||||||
Investment Securities, at cost | $ | 57,297 | $ | 129,006 | $ | 186,303 | ||||||||||
Repurchase agreement, at cost | $ | 2,471 | $ | 3,739 | $ | 6,210 |
S-25
PRO FORMA STATEMENT OF OPERATIONS
For the twelve months ended April 30, 2009
(all amounts in thousands)
Transamerica | Transamerica | Combined | ||||||||||||||
Convertible | Flexible | Pro Forma | ||||||||||||||
Securities | Income | Adjustments | Fund | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 1,172 | $ | 257 | $ | $ | 1,429 | |||||||||
Interest | 3,152 | 14,970 | 18,122 | |||||||||||||
Income from loaned securities-net | 73 | (56 | ) | 17 | ||||||||||||
4,397 | 15,171 | 19,568 | ||||||||||||||
Expenses: | ||||||||||||||||
Management and advisory fees | 944 | 1,593 | (56 | )(e) | 2,481 | |||||||||||
Printing and shareholder reports | 24 | 38 | 62 | |||||||||||||
Custody fees | 19 | 35 | (10 | )(f) | 44 | |||||||||||
Administration fees | 25 | 44 | 69 | |||||||||||||
Legal fees | 4 | 7 | 11 | |||||||||||||
Audit fees | 19 | 19 | (14 | )(g) | 24 | |||||||||||
Trustees fees | 3 | 6 | 9 | |||||||||||||
Registration fees | (6 | ) | 2 | (4 | ) | |||||||||||
Distribution and service fees: | ||||||||||||||||
Class A | 47 | 51 | 98 | |||||||||||||
Class B | 35 | 96 | 131 | |||||||||||||
Class C | 78 | 67 | 145 | |||||||||||||
Transfer agent fees | ||||||||||||||||
Class A | 26 | 40 | 66 | |||||||||||||
Class B | 8 | 29 | 37 | |||||||||||||
Class C | 10 | 14 | 24 | |||||||||||||
Other | 38 | 38 | 76 | |||||||||||||
Total expenses | 1,274 | 2,079 | (80 | ) | 3,273 | |||||||||||
Net Investment Income | 3,123 | 13,092 | 80 | 16,295 | ||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||
Investment securities | (37,621 | ) | (48,580 | ) | (86,201 | ) | ||||||||||
Futures Contracts | 2 | 2 | ||||||||||||||
Foreign currency transactions | 819 | 819 | ||||||||||||||
(37,621 | ) | (47,759 | ) | (85,380 | ) | |||||||||||
Net Increase (Decrease) in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investment securities | (21,167 | ) | 4,859 | (16,308 | ) | |||||||||||
Translation of assets and liabilities denominated in foreign currencies | (64 | ) | (64 | ) | ||||||||||||
(21,167 | ) | 4,795 | (16,372 | ) | ||||||||||||
Net Realized and Unrealized Loss | (58,788 | ) | (42,964 | ) | (101,752 | ) | ||||||||||
Net Decrease in Net Assets Resulting from Operations | $ | (55,665 | ) | $ | (29,872 | ) | $ | 80 | $ | (85,457 | ) | |||||
S-26
For the period ended April 30, 2009
(All amounts in thousands)
(Unaudited)
Reorganization | Target Fund & Shares | Destination Fund & Shares | ||
Group 1 | Transamerica Premier Balanced Fund | Transamerica Balanced | ||
Investor Class | Class P | |||
Transamerica Value Balanced | Transamerica Balanced | |||
Class A | Class A | |||
Class B | Class B | |||
Class C | Class C | |||
Group 2 | Transamerica Premier Diversified Equity Fund | Transamerica Diversified Equity | ||
Investor Class | Class P | |||
Transamerica Premier Institutional Diversified Equity Fund | Transamerica Diversified Equity | |||
Institutional Class | Class I | |||
Transamerica Science & Technology | Transamerica Diversified Equity | |||
Class A | Class A | |||
Class B | Class B | |||
Class C | Class C | |||
Class I | Class I | |||
Transamerica Templeton Global | Transamerica Diversified Equity | |||
Class A | Class A | |||
Class B | Class B | |||
Class C | Class C | |||
Group 3 | Transamerica Premier Equity Fund | Transamerica Equity | ||
Investor Class | Class P | |||
Transamerica Premier Institutional Equity Fund | Transamerica Equity | |||
Institutional Class | Class I | |||
Group 4 | Transamerica Premier Focus Fund | Transamerica Legg Mason Partners All Cap | ||
Investor Class | Class P | |||
Group 5 | Transamerica Premier Growth Opportunities Fund | Transamerica Growth Opportunities | ||
Investor Class | Class P | |||
Group 6 | Transamerica Convertible Securities | Transamerica Flexible Income | ||
Class A | Class A | |||
Class B | Class B | |||
Class C | Class C | |||
Class I | Class I |
S-27
S-28
(a) | To adjust the Pro Forma Funds Shares of beneficial interest by the Undistributed net investment income and Accumulated net realized loss amounts of the Target Funds. | |
(b) | To adjust Net Assets by Class of the Pro Forma Funds to reflect the appropriate class net assets of each Pro Forma share class. | |
(c) | To adjust Shares Outstanding of the Pro Forma Fund based on combining the Fund at the Acquiring Fund’s net asset value. | |
(d) | To adjust Net Asset Value and Offering Price Per Share of the Pro Forma Fund based on combining the Target Fund at the Acquiring Fund’s net asset value. | |
(e) | To restate management and advisory fees using the Acquiring Fund advisory fee rates for the Pro Forma Funds at the combined average daily net assets of the Target Funds and Acquiring Funds. | |
(f) | To remove duplicate Custody fees. | |
(g) | To remove duplicate Audit fees. | |
(h) | To move Distribution and service fees from Target Funds’ Investor Class to Acquiring Funds’ Class P. | |
(i) | To move Transfer agent fees from Target Funds’ Investor Class to Acquiring Funds’ Class P. | |
(j) | To adjust Fund expense reimbursed and Class expense reimbursed of the Pro Forma Funds to bring total reimbursements to required levels for Pro Forma Funds to not exceed the Pro Forma expense limitations for each Class. |
S-29
Transamerica Balanced | Transamerica Diversified Equity | |
0.80% of the first $250 million | 0.73% of the first $500 million | |
0.75% over $250 million up to $500 million | 0.70% over $500 million up to $2.5 billion | |
0.70% over $500 million up to $1.5 billion | 0.65% over $2.5 billion | |
0.625% over $1.5 billion |
Transamerica Equity | Transamerica Legg Mason Partners All Cap | |
0.75% of the first $500 million | 0.80% of the first $500 million | |
0.70% over $500 million up to $2.5 billion | 0.675% over $500 million | |
0.65% over $2.5 billion |
Transamerica Growth Opportunities | Transamerica Flexible Income | |
0.80% of the first $250 million | 0.725% of the first $250 million | |
0.75% over $250 million up to $500 million | 0.675% over $250 million up to $350 million | |
0.70% over $500 million | 0.625% over $350 million |
Transamerica Balanced | Transamerica Diversified Equity | |
0.75% of the first $500 million | 0.73% of the first $500 million | |
0.65% over $500 million up to $1 billion | 0.70% over $500 million up to $2.5 billion | |
0.60% over $1 billion | 0.65% over $2.5 billion |
Transamerica Equity | Transamerica Legg Mason Partners All Cap | |
0.73% of the first $500 million | 0.80% of the first $500 million | |
0.70% over $500 million up to $2.5 billion | 0.675% over $500 million | |
0.65% over $2.5 billion |
Transamerica Growth Opportunities | Transamerica Flexible Income | |
0.80% of the first $250 million | 0.725% of the first $250 million | |
0.75% over $250 million up to $500 million | 0.675% over $250 million up to $350 million | |
0.70% over $500 million | 0.625% over $350 million |
S-30
Class A, Class B, | ||||||||
Class C, Class I, | ||||||||
Class T* | Class P** | |||||||
Transamerica Balanced | 1.45 | % | 1.10 | % | ||||
Transamerica Diversified Equity | 1.17 | % | 1.15 | % | ||||
Transamerica Equity | 1.17 | % | 1.15 | % | ||||
Transamerica Legg Mason Partners All Cap | 1.20 | % | 1.40 | % | ||||
Transamerica Growth Opportunities | 1.40 | % | 1.40 | % | ||||
Transamerica Flexible Income | 1.50 | % | N/A |
* | Limit is for operating expenses, excluding 12b-1 fees. | |
** | Limit is for operating expenses, including 12b-1 fees. |
Reorganization | Fund | Estimated costs (in thousands) | ||||||
Group 1 | Transamerica Value Balanced Transamerica Balanced | $ | 49 25 | |||||
Group 2 | Transamerica Premier Institutional Diversified Equity Transamerica Science & Technology Transamerica Templeton Global | 106 2 1 | ||||||
Group 3 | Transamerica Premier Equity Transamerica Premier Institutional Equity Transamerica Equity | 15 9 1 | ||||||
Group 4 | Transamerica Premier Focus Transamerica Legg Mason Partners All Cap | 40 4 | ||||||
Group 5 | Transamerica Growth Opportunities | 45 | ||||||
Group 6 | Transamerica Convertible Securities | 42 |
S-31
S-32
- | Compensation to employees of TCI; | ||
- | Compensation to and expenses of TCI and other selected dealers who engage in or otherwise support the distribution of shares or who service shareholder accounts; | ||
- | Payment for services to and for maintenance of existing shareholder accounts and compensation of broker-dealers or other intermediaries for past sales and distribution efforts; | ||
- | The costs of printing and distributing prospectuses, statements of additional information and reports for other than existing shareholders; and | ||
- | The cost of preparing, printing and distributing sales literature and advertising materials. |
S-33
S-34
S-35
S-36
S-37
S-38
S-39
S-40
S-41
S-42
S-43
S-44
S-45
S-46
S-47
S-48
S-49
S-50
S-51
S-52
S-53
S-54
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S-56
S-57
S-58
S-59
S-60
S-61
S-62
S-63
S-64
S-65
S-66
S-67
• | 0.73% for the first $500 million; | ||
• | 0.70% over $500 million up to $2.5 billion; and | ||
• | 0.65% in excess of $2.5 billion. |
S-68
• | 0.35% of the first $500 million; | ||
• | 0.30% over $500 million up to $2.5 billion; and | ||
• | 0.25% in excess of $2.5 billion. |
S-69
S-70
S-71
• | TIM’s knowledge of currently available negotiated commission rates or prices of securities and other current transaction costs; | ||
• | The nature of the security being traded; | ||
• | The size and type of the transaction; | ||
• | The nature and character of the markets for the security to be purchased or sold; | ||
• | The desired timing of the trade; | ||
• | The activity existing and expected in the market for the particular security; | ||
• | The quality of the execution, clearance and settlement services; | ||
• | Financial stability; | ||
• | The existence of actual or apparent operational problems of any broker or dealer; and | ||
• | Research products and services provided. |
• | Furnishing advice, either directly or through publications or writings, as to the value of securities, the advisability of purchasing or selling specific securities and the availability of securities or purchasers or sellers of securities; | ||
• | Furnishing seminars, information, analyses and reports concerning issuers, industries, securities, trading markets and methods, legislative developments, changes in accounting practices, economic factors and trends and portfolio strategy; | ||
• | Access to research analysts, corporate management personnel, industry experts, economists and government officials; and | ||
• | Comparative performance evaluation and technical measurement services and quotation services, and other services (such as third party publications, reports and analyses, and computer and electronic access, equipment, software, information and accessories that deliver process or otherwise utilize |
S-72
information, including the research described above) that assist the sub-adviser in carrying out its responsibilities. |
S-73
Number of | ||||||||||
Funds in | ||||||||||
Complex | ||||||||||
Term of Office | Overseen | |||||||||
Position(s) Held | and Length of | Principal Occupation(s) During | by Board | Other | ||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||
INTERESTED BOARD MEMBER** | ||||||||||
John K. Carter (1961) | Chairman, Board Member, President, and Chief Executive Officer | Since 1999 | Chairman and Board Member (2008 — present), President (2007 — present), Chief Executive Officer (2006 — present), Vice President, Secretary and Chief Compliance Officer (2003 — 2006), TII; | 185 | N/A | |||||
Chairman, Board Member, President and Chief Executive Officer, TPP, TPFG, TPFG II and TAAVF (2007 — present); | ||||||||||
Chairman (2007 — present), Board Member (2006 — present), President and Chief Executive Officer (2006 — present), Senior Vice President (1999 — 2006), Chief Compliance Officer, General Counsel and Secretary (1999 — 2006), Transamerica Funds and TST; | ||||||||||
Chairman (2007 — present), Board Member (2006 — present), President and Chief Executive Officer (2006 — present), Senior Vice President (2002 — 2006), General Counsel, Secretary and Chief Compliance Officer (2002 — 2006), TIS; | ||||||||||
President and Chief Executive Officer (2006 — present), Senior Vice President (1999 — 2006), Director (2000 — present), General Counsel and Secretary (2000 — 2006), Chief Compliance Officer (2004 — 2006), TAM; |
S-74
Number of | ||||||||||
Funds in | ||||||||||
Complex | ||||||||||
Term of Office | Overseen | |||||||||
Position(s) Held | and Length of | Principal Occupation(s) During | by Board | Other | ||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||
President and Chief Executive Officer (2006 — present), Senior Vice President (1999 — 2006), Director (2001 — present), General Counsel and Secretary (2001 — 2006), Transamerica Fund Services, Inc. (“TFS”); | ||||||||||
Vice President, AFSG Securities Corporation (2001 —present); | ||||||||||
Senior Vice President, General Counsel and Secretary, Transamerica Index Funds, Inc. (“TIF”) (2002 — 2004); and | ||||||||||
Director, (2008 — present), Vice President, Transamerica Investment Services, Inc. (“TISI”) (2003 — 2005) and Transamerica Investment Management, LLC (“TIM”) (2001 — 2005). | ||||||||||
INDEPENDENT BOARD MEMBERS*** | ||||||||||
Sandra N. Bane (1952) | Board Member | Since 2008 | Retired, KPMG (1999 — present); Board Member, TII (2003 — present); and Board Member, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2008 — present). | 185 | Big 5 Sporting Goods (2002 — present); AGL Resources, Inc. (energy services holding company) (2008 — present) | |||||
Leo J. Hill (1956) | Lead Independent Board Member | Since 2002 | Principal, Advisor Network Solutions, LLC (business consulting) (2006 — present); | 185 | N/A | |||||
Board Member, TST (2001 — present); | ||||||||||
Board Member, Transamerica Funds and TIS (2002 — present); | ||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (2007 — present); | ||||||||||
Board Member, TII (2008 — present); | ||||||||||
Owner and President, Prestige Automotive Group (2001 — 2005); |
S-75
Number of | ||||||||||
Funds in | ||||||||||
Complex | ||||||||||
Term of Office | Overseen | |||||||||
Position(s) Held | and Length of | Principal Occupation(s) During | by Board | Other | ||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||
President, L. J. Hill & Company (1999 — present); | ||||||||||
Market President, Nations Bank of Sun Coast Florida (1998 — 1999); | ||||||||||
President and Chief Executive Officer, Barnett Banks of Treasure Coast Florida (1994 — 1998); | ||||||||||
Executive Vice President and Senior Credit Officer, Barnett Banks of Jacksonville, Florida (1991 — 1994); and | ||||||||||
Senior Vice President and Senior Loan Administration Officer, Wachovia Bank of Georgia (1976 — 1991). | ||||||||||
David W. Jennings (1946) | Board Member | Since 2009 | Board Member, Transamerica Funds, TST, TII, TIS, TPP, TPFG, TPFG II and TAAVF (July 2009 — present); | 185 | N/A | |||||
Principal, Maxam Capital Management, LLC (2006 — 2008); and | ||||||||||
Principal, Cobble Creek Management LP (2004 — 2006). | ||||||||||
Neal M. Jewell (1935) | Board Member | Since 2007 | Retired (2004 — present); Board Member, TPP, TPFG, TPFG II and TAAVF (1993 — present); Board Member, Transamerica Funds, TST and TIS (2007 — present); | 185 | N/A | |||||
Board Member, TII (2008 — present); and | ||||||||||
Independent Trustee, EAI Select Managers Equity Fund (a mutual fund) (1996 — 2004). | ||||||||||
Russell A. Kimball, Jr. (1944) | Board Member | 1986 — 1990 and 2002 — Present | General Manager, Sheraton Sand Key Resort (1975 — present); Board Member, TST (1986 — present); | 185 | N/A | |||||
Board Member, Transamerica Funds, (1986 — 1990), (2002 — present); | ||||||||||
Board Member, TIS (2002 — present); |
S-76
Number of | ||||||||||
Funds in | ||||||||||
Complex | ||||||||||
Term of Office | Overseen | |||||||||
Position(s) Held | and Length of | Principal Occupation(s) During | by Board | Other | ||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||
Board Member, TPP, TPFG, TPFG II and TAAVF (2007 — present); and | ||||||||||
Board Member, TII (2008 — present). | ||||||||||
Eugene M. Mannella (1954) | Board Member | Since 2007 | Chief Executive Officer, HedgeServ Corporation (hedge fund administration) (2008 — present); | 185 | N/A | |||||
Self-employed consultant (2006 — present); | ||||||||||
President, ARAPAHO Partners LLC (limited purpose broker-dealer) (1998 — 2008); | ||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (1994 — present); | ||||||||||
Board Member, Transamerica Funds, TST and TIS (2007 — present); | ||||||||||
Board Member, TII (2008 — present); and President, International Fund Services (alternative asset administration) (1993 — 2005). | ||||||||||
Norman R. Nielsen (1939) | Board Member | Since 2006 | Retired (2005 — present); Board Member, Transamerica Funds, TST and TIS (2006 — present); Board Member, TPP, TPFG, TPFG II and TAAVF (2007 — present); | 185 | Buena Vista University Board of Trustees (2004 — present) | |||||
Board Member, TII (2008 — present); | ||||||||||
Director, Iowa Student Loan Service Corporation (2006 — present); | ||||||||||
Director, League for Innovation in the Community Colleges (1985 — 2005); | ||||||||||
Director, Iowa Health Systems (1994 — 2003); |
S-77
Number of | ||||||||||
Funds in | ||||||||||
Complex | ||||||||||
Term of Office | Overseen | |||||||||
Position(s) Held | and Length of | Principal Occupation(s) During | by Board | Other | ||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||
Director, U.S. Bank (1987 — 2006); and | ||||||||||
President, Kirkwood Community College (1985 — 2005). | ||||||||||
Joyce G. Norden (1939) | Board Member | Since 2007 | Retired (2004 — present); Board Member, TPFG, TPFG II and TAAVF (1993 — present); Board Member, TPP (2002 — present); Board Member, Transamerica Funds, TST and TIS (2007 — present); | 185 | Board of Governors, Reconstructionist Rabbinical College (2007 - present) | |||||
Board Member, TII (2008 — present); and | ||||||||||
Vice President, Institutional Advancement, Reconstructionist Rabbinical College (1996 — 2004). | ||||||||||
Patricia L. Sawyer (1950) | Board Member | Since 2007 | Retired (2007 — present); President/Founder, Smith & Sawyer LLC (management consulting) (1989 — 2007); | 185 | N/A | |||||
Board Member, Transamerica Funds, TST and TIS (2007 — present); | ||||||||||
Board Member, TII (2008 — present); | ||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (1993 — present); | ||||||||||
Vice President, American Express (1987 — 1989); | ||||||||||
Vice President, The Equitable (1986 — 1987); and | ||||||||||
Strategy Consultant, Booz, Allen & Hamilton (1982 — 1986). | ||||||||||
John W. Waechter (1952) | Board Member | Since 2005 | Attorney, Englander & Fischer, P.A. (2008 — present); | 185 | Operation Par, Inc. (2008 — present); West |
S-78
Number of | ||||||||||
Funds in | ||||||||||
Complex | ||||||||||
Term of Office | Overseen | |||||||||
Position(s) Held | and Length of | Principal Occupation(s) During | by Board | Other | ||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||
Retired (2004 — 2008); Board Member, TST and TIS (2004 — present); Board Member, Transamerica Funds (2005 — present); Board Member, TPP, TPFG, TPFG II and TAAVF (2007 — present); Board Member, TII (2008 — present); Employee, RBC Dain Rauscher (securities dealer) (2004); | Central Florida Council — Boy Scouts of America (2008 — present) | |||||||||
Executive Vice President, Chief Financial Officer and Chief Compliance Officer, William R. Hough & Co. (securities dealer) (1979 — 2004); and | ||||||||||
Treasurer, The Hough Group of Funds (1993 — 2004). |
* | Each Board Member shall hold office until: 1) his or her successor is elected and qualified or 2) he or she resigns, retires or his or her term as a Board Member is terminated in accordance with the Trust’s Declaration of Trust. | |
** | May be deemed an “interested person” (as that term is defined in the 1940 Act) of the Trust because of his employment with TAM or an affiliate of TAM. | |
*** | Independent Board Member means a Board Member who is not an “interested person” (as defined under the 1940 Act) of the Trust. |
S-79
Term of Office | ||||||
and Length of | Principal Occupation(s) or | |||||
Name and Age | Position | Time Served* | Employment During Past 5 Years | |||
John K. Carter (1961) | Chairman, Board Member, President, and Chief Executive Officer | Since 1999 | See the table above. | |||
Dennis P. Gallagher (1970) | Vice President, General Counsel and Secretary | Since 2006 | Vice President, General Counsel and Secretary, TII, Transamerica Funds, TST and TIS (2006 — present); | |||
Vice President, General Counsel and Secretary, TPP, TPFG, TPFG II and TAAVF (2007 — present); | ||||||
Director, Senior Vice President, General Counsel and Secretary, TAM and TFS (2006 — present); | ||||||
Assistant Vice President, TCI (2007 — present); and | ||||||
Director, Deutsche Asset Management (1998 — 2006). | ||||||
Joseph P. Carusone (1965) | Vice President, Treasurer and Principal Financial Officer | Since 2007 | Vice President, Treasurer and Principal Financial Officer, Transamerica Funds, TST, TIS and TII (2007 — present); | |||
Vice President (2007 — present), Treasurer and Principal Financial Officer (2001 — present), TPP, TPFG, TPFG II and TAAVF; | ||||||
Senior Vice President, TAM and TFS (2007 — present); | ||||||
Senior Vice President (2008 — present), Vice President (2001 — 2008); Diversified Investment Advisors, Inc. (“DIA”); | ||||||
Director and President, Diversified Investors Securities Corp. (“DISC”) (2007 — present); | ||||||
Director, Transamerica Financial Life Insurance Company |
S-80
Term of Office | ||||||
and Length of | Principal Occupation(s) or | |||||
Name and Age | Position | Time Served* | Employment During Past 5 Years | |||
(“TFLIC”) (2004 — present); and | ||||||
Treasurer, Diversified Actuarial Services, Inc. (2002 — present). | ||||||
Christopher A. Staples (1970) | Vice President and Chief Investment Officer | Since 2005 | Vice President and Chief Investment Officer (2007 — present); Vice President - Investment Administration (2005 — 2007), TII; | |||
Vice President and Chief Investment Officer (2007 — present), Senior Vice President — Investment Management (2006 — 2007), Vice President — Investment Management (2005 — 2006), | ||||||
Transamerica Funds, TST and TIS; | ||||||
Vice President and Chief Investment Officer, TPP, TPFG, TPFG II and TAAVF (2007 — present); | ||||||
Director (2005 — present), Senior Vice President — Investment Management (2006 — present) and Chief Investment Officer (2007 — present), TAM; | ||||||
Director, TFS (2005 — present); and | ||||||
Assistant Vice President, Raymond James & Associates (1999 — 2004). | ||||||
Rick B. Resnik (1967) | Vice President, Chief Compliance Officer and Conflicts of Interest Officer | Since 2008 | Chief Compliance Officer, TPP, TPFG, TPFG II and TAAVF (2004 — present); Chief Compliance Officer, Transamerica Funds, TST, TIS and TII (2008 — present); Vice President and Conflicts of Interest Officer, TPP, TPFG, TPFG II, TAAVF, Transamerica Funds, TST, TIS and TII (2008 — present); | |||
Senior Vice President and Chief Compliance Officer, TAM (2008 — present); | ||||||
Senior Vice President, TFS (2008 — present); | ||||||
Vice President and Chief Compliance Officer, DIA (2004 — present); with DIA since 1988; | ||||||
Director (1999 — present), Vice President and Chief Compliance Officer (1996 — present), DISC; | ||||||
Assistant Vice President, TFLIC (1999 — present); and | ||||||
Chief Compliance Officer, Transamerica Partners Variable Funds (2004 — present). | ||||||
Robert A. DeVault, Jr. (1965) | Assistant Treasurer | Since 2009 | Assistant Treasurer, Transamerica Funds, TST, TIS, TII, TPP, TPFG, TPFG II and TAAVF (January 2009 — present); and |
S-81
Term of Office | ||||||
and Length of | Principal Occupation(s) or | |||||
Name and Age | Position | Time Served* | Employment During Past 5 Years | |||
Assistant Vice President (2007 — present) and Manager, Fund Administration, (2002 — 2007), TFS. | ||||||
Suzanne Valerio- Montemurro (1964) | Assistant Treasurer | Since 2007 | Assistant Treasurer, Transamerica Funds, TST, TIS, TII, TPP, TPFG, TPFG II and TAAVF (2007 — present); and | |||
Vice President, DIA (1998 — present). | ||||||
Sarah L. Bertrand (1967) | Assistant Secretary | Since 2009 | Assistant Secretary, Transamerica Funds, TST, TIS, TII, TPP, TPFG, TPFG II and TAAVF (January 2009 — present); | |||
Assistant Vice President and Manager, Legal Administration, TAM and TFS (2007 — present); | ||||||
Assistant Secretary and Chief Compliance Officer, 40 | 86 Series Trust and 40 | 86 Strategic Income Fund (2000 — 2007); and | ||||||
Second Vice President and Assistant Secretary, Legal and Compliance, 40 | 86 Capital Management, Inc. (1994 — 2007). | ||||||
Timothy J. Bresnahan (1968) | Assistant Secretary | Since 2009 | Assistant Secretary, Transamerica Funds, TST, TIS, TII, TPP, TPFG, TPFG II and TAAVF (January 2009 — present); | |||
Counsel, TAM (2008 — present); | ||||||
Counsel (contract), Massachusetts Financial Services, Inc. (2007); | ||||||
Assistant Counsel, BISYS Fund Services Ohio, Inc. (2005 — 2007); and | ||||||
Associate, Greenberg Traurig, P.A. (2004 — 2005). | ||||||
Richard E. Shield, Jr. (1974) | Tax Officer | Since 2008 | Tax Officer, Transamerica Funds, TST, TIS, TII, TPP, TPFG, TPFG II and TAAVF (2008 — present); | |||
Tax Manager, Jeffrey P. McClanathan, CPA (2006 — 2007) and Gregory, Sharer & Stuart (2005 — 2006); | ||||||
Tax Senior, Kirkland, Russ, Murphy & Tapp, P.A. (2003 — 2005); and | ||||||
Certified Public Accountant, Schultz, Chaipel & Co., LLP (1998 — 2003). |
* | Elected and serves at the pleasure of the Board of the Trust. |
S-82
S-83
NUMBER OF | ||||||||
MEETINGS | ||||||||
HELD DURING | ||||||||
LAST FISCAL | ||||||||
COMMITTEE | FUNCTIONS | MEMBERS | YEAR 10/31/2008 | |||||
AUDIT | The Audit Committee (1) oversees the accounting and reporting policies and practices of the Trust; (2) oversees the quality and integrity of the financial statements of the Trust; (3) approves, prior to appointment, the engagement of the Trust’s independent auditors; and (4) reviews and evaluates the independent auditors’ qualifications, independence and performance. The independent auditors for the Trust shall report directly to the Audit Committee. | John W. Waechter, Chairperson Sandra N. Bane Leo J. Hill David W. Jennings Neal M. Jewell Russell A. Kimball, Jr. Eugene M. Mannella Norman R. Nielsen Joyce G. Norden Patricia L. Sawyer | 4 | |||||
NOMINATING | The primary purposes and responsibilities of the Committee are to (i) identify individuals qualified to become members of the Board in the event that a position is vacated or created, (ii) consider all candidates proposed to become members of the Board, subject to the procedures and policies set forth in this Charter or resolutions of the Board, (iii) select and nominate, or recommend for nomination by the Board, candidates for election as Trustees and (iv) set any necessary standards or qualifications for service on the Board. | Patricia L. Sawyer, Chairperson Sandra N. Bane Leo J. Hill David W. Jennings Neal M. Jewell Russell A. Kimball, Jr. Eugene M. Mannella Norman R. Nielsen Joyce G. Norden John W. Waechter | 0 | |||||
Shareholders may recommend candidates for Board positions by forwarding their correspondence by U.S. mail or courier service to Secretary, 570 Carillon Parkway, St. Petersburg, Florida 33716. |
S-84
Aggregate Dollar Range of Equity | ||
Securities in Transamerica Asset | ||
Name of Trustee | Management Group | |
John K. Carter* | Over $100,000 | |
Sandra N. Bane | None | |
Leo J. Hill | Over $100,000 | |
Neal M. Jewell | Over $100,000 | |
Russell A. Kimball, Jr. | Over $100,000 | |
Eugene M. Mannella | None | |
Norman R. Nielsen | Over $100,000 | |
Joyce G. Norden | None | |
Patricia L. Sawyer | None | |
John W. Waechter | Over $100,000 |
* | Interested person under the 1940 Act by virtue of his position with TAM and its affiliates. |
S-85
Pension or Retirement Benefits | Total Compensation Paid to | |||
Accrued as Part of Fund | Trustees from Transamerica Asset | |||
Name of Trustee | Expenses(1) | Management Group(1)(2) | ||
Sandra N. Bane | $0 | $120,550 | ||
Leo J. Hill | $0 | $185,200 | ||
Neal M. Jewell | $0 | $218,701 | ||
Russell A. Kimball, Jr. | $0 | $185,200 | ||
Eugene M. Mannella | $0 | $177,534 | ||
Norman R. Nielsen | $0 | $185,200 | ||
Joyce G. Norden | $0 | $177,534 | ||
Patricia L. Sawyer | $0 | $190,784 | ||
John W. Waechter | $0 | $188,534 |
(1) | No information is shown for the Fund as the Fund had not commenced operations prior to the date of this SAI. | |
(2) | Of this aggregate compensation, the total amounts deferred from the series of Transamerica Funds (including earnings and dividends) and accrued for the benefit of the participating Trustees for the fiscal year ended October 31, 2008 were as follows: Sandra N. Bane, $0: Leo J. Hill, $6,745; Neal M. Jewell, $21,191; Russell A. Kimball, Jr., $12,219; Eugene M. Mannella, $0; Norman R. Nielsen, $0; Joyce G. Norden, $0; Patricia L. Sawyer, $0; and John W. Waechter, $0. |
Transamerica Funds
c/o Secretary
570 Carillon Parkway
St. Petersburg, Florida 33716
S-86
Reallowance to Dealers as a Percent | ||
Amount of Purchase | of Offering Price | |
Under $50 Thousand | 4.75% | |
$50 Thousand to under $100 Thousand | 4.00% | |
$100 Thousand to under $250 Thousand | 2.75% | |
$250 Thousand to under $500 Thousand | 2.25% | |
$500 Thousand to under $1 Million | 1.75% | |
For purchases of $1 Million and above: | ||
$1 Million to under $5 Million | 1.00%* | |
$5 Million to under $50 Million | Plus 0.50%* | |
$50 Million and above | Plus 0.25%* |
* | No Dealer Reallowance is paid on purchases made on behalf of wrap accounts for the benefit of certain broker-dealers, financial institutions, or financial planners who have entered into arrangements with Transamerica Funds or TCI , and for purchases made by a retirement plan described in Section 401(a), 401(k), 401(m), or 457 of the Internal Revenue Code. |
Reallowance to Dealers as a Percent | ||
Amount of Purchase | of Offering Price | |
All purchases | 4.00%* |
Reallowance to Dealers as a Percent | ||
Amount of Purchase | of Offering Price | |
All purchases | 1.00%** |
S-87
* | From time to time, TCI may reallow to a dealer an amount less than 4% on sales of Class B shares. In such circumstances, TCI will benefit directly to the extent the reallowance percentage is reduced below 4% on any purchase of Class B shares. | |
** | From time to time, TCI may enter into agreements with brokers and dealers whereby the dealer allowance may be less than the amount indicated. Such agreements would also provide that the applicable shares could be subject to a contingent deferred sales charge for a period less than the otherwise applicable period. |
• | Compensation to employees of TCI; | ||
• | Compensation to and expenses of TCI and other selected dealers who engage in or otherwise support the distribution of shares or who service shareholder accounts; | ||
• | In the case that the Fund or a class of the Fund’s shares is closed to new investors or investments, payment for services to and for maintenance of existing shareholder accounts and compensation of broker-dealers or other intermediaries for past sales and distribution efforts; | ||
• | The costs of printing and distributing prospectuses, statements of additional information and reports for other than existing shareholders; and |
S-88
• | The cost of preparing, printing and distributing sales literature and advertising materials. |
S-89
S-90
S-91
The Fund will waive the CDSC on redemptions following the death or total disability (as evidenced by a determination of the federal Social Security Administration) of a shareholder, but in the case of total disability
S-92
A shareholder may elect to participate in a systematic withdrawal plan (“SWP”) with respect to the shareholder’s investment in the Fund. Under the SWP, a dollar amount of a participating shareholder’s investment in the Fund will be redeemed systematically by the Fund on a periodic basis, and the proceeds paid in accordance with the shareholder’s instructions. The amount to be redeemed and frequency of the systematic withdrawals will be specified by the shareholder upon his or her election to participate in the SWP. The CDSC will be waived on redemptions made under the SWP subject to the limitations described below.
CDSC is also waived for accounts opened prior to April 1, 2000, on withdrawals from IRS qualified and nonqualified retirement plans, individual retirement accounts, tax-sheltered accounts, and deferred compensation plans, where such withdrawals are permitted under the terms of the plan or account. (This waiver does not apply to transfer of asset redemptions, broker directed accounts or omnibus accounts.)
Exchanges of Class C shares into a Transamerica Fund established on or after March 1, 2006 through Merrill Lynch, Pierce, Fenner & Smith Incorporated that previously were not subject to a CDSC will continue to not be subject to such fee. This CDSC waiver may be terminated at any time. New and/or subsequent purchases into Transamerica Funds established on or after March 1, 2006 will be subject to a 1.00% CDSC if shares are redeemed within 12 months of purchase.
S-93
S-94
• | Distributions of net capital gain (i.e., the excess of net long-term capital gain over net short-term capital loss) will be taxed at a maximum rate of 15% (5% for individuals in the 10% and 15% federal tax brackets). | ||
• | Distributions designated by a fund as “qualified dividend income,” as described below, may also be taxed at a maximum rate of 15% (5% for individuals in the 10% and 15% federal tax brackets). | ||
• | Other distributions, including distributions of earnings from other dividends paid to the fund, interest income, other types of ordinary income and short-term capital gains, will be taxed at the ordinary income tax rate applicable to the taxpayer. | ||
• | Qualified dividend income generally means dividend income received from a fund’s investments in common and preferred stock of U.S. companies and stock of certain “qualified foreign corporations,” provided that certain holding period and other requirements are met by both the fund and the shareholders. If 95% or more of a fund’s gross income (calculated without taking into account net capital gain from sales or other dispositions of stock or securities) consists of qualified dividend income, that fund may designate all distributions of such income as qualified dividend income. |
S-95
S-96
S-97
S-98
S-99
S-100
S-101
S-102
A-1
• | An auditor has a financial interest in or association with the company, and is therefore not independent | ||
• | Fees for non-audit services are excessive, or | ||
• | There is reason to believe that the independent auditor has rendered an opinion that is neither accurate nor indicative of the company’s financial position. |
A-2
Vote FOR proposals to lower supermajority vote requirements.
Vote FOR proposals to create a new class of nonvoting or subvoting common stock if:
A-3
It is not designed to preserve the voting power of an insider or significant shareholder
Vote AGAINST equity plans that explicitly permit repricing or where the company has a history of repricing without shareholder approval.
Vote FOR employee stock purchase plans where all of the following apply:
• | Purchase price is at least 85 percent of fair market value | ||
• | Offering period is 27 months or less, and | ||
• | Potential voting power dilution (VPD) is ten percent or less. |
A-4
A-5
• | An auditor has a financial interest in or association with the company, and is therefore not independent | ||
• | Fees for non-audit services are excessive, or | ||
• | There is reason to believe that the independent auditor has rendered an opinion that is neither accurate nor indicative of the company’s financial position. |
Vote FOR shareholder proposals asking that board audit, compensation, and/or nominating committees be composed exclusively of independent directors if they currently do not meet that standard.
A-6
A-7
Vote AGAINST equity plans that explicitly permit repricing or where the company has a history of repricing without shareholder approval.
Vote FOR employee stock purchase plans where all of the following apply:
• | Purchase price is at least 85 percent of fair market value | ||
• | Offering period is 27 months or less, and | ||
• | Potential voting power dilution (VPD) is ten percent or less. |
A-8
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Gary U. Rollé (lead)1 | 13 | $4.17 billion | 1 | $88.2 million | 80 | $1.43 billion | ||||||||||||||||||
Kirk R. Feldhus (co)1 | 0 | $0 | 1 | $10.92 million | 0 | $0 | ||||||||||||||||||
Thomas E. Larkin (co)1 | 0 | $0 | 1 | $11.02 million | 0 | $0 | ||||||||||||||||||
John D. Lawrence (co)2 | 0 | $0 | 1 | $20.32 million | 1 | $20.78 million | ||||||||||||||||||
Peter O. Lopez (co)1 | 3 | $236.4 million | 1 | $11.3 million | 1 | $23.56 million | ||||||||||||||||||
Fee Based Accounts (The number of accounts and the total assets in the accounts managed by each portfolio manager with respect to which the advisory fee is based on the performance of the account | ||||||||||||||||||||||||
Gary U. Rollé (lead)1 | 0 | $0 | 0 | $0 | 0 | $0 | ||||||||||||||||||
Kirk R. Feldhus (co)1 | 0 | $0 | 0 | $0 | 0 | $0 | ||||||||||||||||||
Thomas E. Larkin (co)1 | 0 | $0 | 0 | $0 | 0 | $0 | ||||||||||||||||||
John D. Lawrence (co)2 | 0 | $0 | 0 | $0 | 0 | $0 | ||||||||||||||||||
Peter O. Lopez (co)1 | 0 | $0 | 0 | $0 | 0 | $0 |
1 | As of October 31, 2008. | |
2 | As of December 31, 2008. |
• | 80% Objective-portfolio performance-based calculation; based upon relative rankings of track record and return formula criteria. A portion of the objective component is necessarily subjective taking into account such items as co/multi-management responsibilities; portfolio performance upon assignment; length of time managing portfolio; customized client benchmarks; etc., in determining the portfolio manager’s relative ranking. TIM’s senior management and its board of directors determine the criteria to be used for evaluating how the rankings are determined for each portfolio manager under this objective component. | ||
• | 20% Subjective-based upon additional contributions to the firm as a whole and consistent with responsibilities identified on position descriptions—for example, general research contribution, |
B-1
behavioral competencies (e.g. team contributions; decision making capabilities; work ethic), quality of investment ideas, managerial duties outside of core responsibility, as determined by the executive team. |
B-2
(1) | Amended and Restated Declaration of Trust (1) | |
(2) | By-laws (1) | |
(3) | Not applicable | |
(4) | Form of Agreement and Plan of Reorganization (See Exhibit A to the Information Statement/Prospectus) | |
(5) | See Exhibits 1 and 2 |
(6) | (a) | Investment Advisory Agreements |
(i) | Transamerica Balanced (2) | ||
(ii) | Transamerica Diversified Equity (to be filed by amendment) | ||
(iii) | Transamerica Equity (3) | ||
(iv) | Transamerica Legg Mason Partners All Cap (4) | ||
(v) | Transamerica Growth Opportunities (3) | ||
(vi) | Transamerica Flexible Income (1) |
(b) | Sub-Advisory Agreements |
(i) | Transamerica Balanced (2) | ||
(ii) | Transamerica Diversified Equity (to be filed by amendment) | ||
(iii) | Transamerica Equity (3) | ||
(iv) | Transamerica Legg Mason Partners All Cap (1) |
(v) | Transamerica Growth Opportunities (3) | ||
(vi) | Transamerica Flexible Income (4) |
(7) | (a) | Underwriting Agreement (1) |
(i) | Amended Schedule I dated July 1, 2009 (5) | ||
(ii) | Amended Schedule I dated ______ (to be filed by amendment) |
(b) | Dealer’s Sales Agreement (6) | ||
(c) | Service Agreement (7) | ||
(d) | Wholesaler’s Agreement (8) |
(8) | Amended and Restated Board Members Deferred Compensation Plan dated May 1, 2008 (9) | |
(9) | Custody Agreement (10) |
(a) | Amended Fee Schedule dated February 1, 2008 (9) | ||
(10) | (a) | Amended and Restated Plan of Distribution of the Registrant under Rule 12b-1 (1) |
(i) | Amended Schedule A dated July 1, 2009 (5) | ||
(ii) | Amended Schedule A dated ______ (to be filed by amendment) |
(b) | Amended and Restated Plan for Multiple Classes of Shares dated March 1, 2009 (9) |
(i) | Amendment dated as of May 5, 2009 (5) | ||
(ii) | Amended Schedule A dated July 1, 2009 (5) | ||
(iii) | Amended Schedule A dated ______ (to be filed by amendment) |
(11) | Opinions and Consent of Counsel as to the legality of the securities being registered (filed herein) | |
(12) | Form of Opinion of counsel supporting tax matters and consequences to shareholders discussed in Part A of the Registration Statement on Form N-14 (filed herein) |
(13) | (a) | Transfer Agency Agreement (11) |
(i) | Amended Fee Schedule dated July 1, 2008 (9) |
(b) | Administrative Services Agreement (10) |
(i) | Amendment to Administrative Services Agreement (12) |
(c) | Form of amended and restated Expense Limitation Agreement (filed herein) |
(14) | Consents of Independent Registered Certified Public Accounting Firms (filed herein) | |
(15) | Not applicable |
(16) | (a) | Powers of Attorney (filed herein) | |
(17) | (a) | Code of Ethics — Joint Transamerica Funds and Transamerica Asset Management, Inc. (1) | |
(b) | Code of Ethics — Transamerica Investment Management, LLC (15) | ||
(c) | Prospectuses dated March 1, 2009 and Statement of Additional Information of Transamerica Funds dated July 1, 2009, as supplemented, are filed herewith. | ||
(d) | Annual Report of Transamerica Funds for the year ended October 31, 2008 is filed herewith. | ||
(e) | Semi-Annual Report of Transamerica Funds for the period ended April 30, 2009 is filed herewith. |
(f) | Prospectuses and Statement of Additional Information of Transamerica Premier Funds dated May 1, 2009, as supplemented, are filed herewith. | ||
(g) | Annual Report of Transamerica Premier Funds for the year ended December 31, 2008 is filed herewith. | ||
(h) | Semi-Annual Report of Transamerica Premier Funds for the period ended June 30, 2009 is filed herewith. |
(1) | Filed previously with Post-Effective Amendment No. 89 to Registration Statement on February 28, 2008 (File No. 033-02659). | |
(2) | Filed previously with Post-Effective Amendment No. 61 to Registration Statement on October 1, 2004 (File No. 033-02659). | |
(3) | Filed previously with Post-Effective Amendment No. 83 to Registration Statement on December 21, 2006 (File No. 033-02659). | |
(4) | Filed previously with Post-Effective Amendment No. 85 to Registration Statement on March 1, 2007 (File No. 033-02659). | |
(5) | Filed previously with Post-Effective Amendment No. 97 to Registration Statement on July 1, 2009 (File No. 033-02659). | |
(6) | Filed previously with Post-Effective Amendment No. 50 to Registration Statement on November 12, 2002 (File No. 033-02659). | |
(7) | Filed previously with Post-Effective Amendment No. 31 to Registration Statement filed on September 2, 1999 (File No. 033-02659). | |
(8) | Filed previously with Post-Effective Amendment No. 25 to Registration Statement filed on January 31, 1997 (File No. 033-02659). | |
(9) | Filed previously with Post-Effective Amendment No. 95 to Registrant Statement on February 27, 2009 (File No. 033-02659). | |
(10) | Filed previously with Post-Effective Amendment No. 49 to Registration Statement on September 12, 2002 (File No. 033-02659). | |
(11) | Filed previously with Post-Effective Amendment No. 20 to Registration Statement filed on November 16, 1995 (File No. 033-02659). | |
(12) | Filed previously with Post-Effective Amendment No. 67 to Registration Statement on February 25, 2005 (File No. 033-02659). | |
(13) | Filed previously with Post-Effective Amendment No. 51 to Registration Statement on December 13, 2002 (File No. 033-02659). | |
(14) | Filed previously with Post-Effective Amendment No. 91 to Registrant Statement on June 10, 2008 (File No. 033-02659). | |
(15) | Filed previously with Post-Effective Amendment No. 77 to Registration Statement on March 1, 2006 (File No. 033-02659). |
(1) | The undersigned registrant agrees that prior to any public reoffering of the securities registered through the use of a prospectus which is a part of this Registration Statement by any person or party who is deemed to be an underwriter within the meaning of Rule 145(c) of the 1933 Act, the reoffering prospectus will contain the information called for by the applicable registration form for the reofferings by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable form. |
(2) | The undersigned registrant agrees that every prospectus that is filed under paragraph (1) above will be filed as a part of an amendment to the Registration Statement and will not be used until the amendment is effective, and that, in determining any liability under the 1933 Act, each post-effective amendment shall be deemed to be a new registration statement for the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering of them. | |
(3) | The undersigned registrant undertakes to file, by post-effective amendment, the final opinion of Bingham McCutchen LLP supporting the tax consequences of the proposed reorganizations as soon as practicable after the closing of the reorganizations. |
TRANSAMERICA FUNDS | ||||
By: | /s/ John K. Carter | |||
John K. Carter | ||||
President and Chief Executive Officer | ||||
/s/ John K. Carter | Chairperson, Trustee, President and Chief Executive Officer | September 1, 2009 | ||
/s/ Sandra N. Bane | Trustee | September 1, 2009 | ||
/s/ Leo J. Hill | Trustee | September 1, 2009 | ||
/s/ David W. Jennings | Trustee | September 1, 2009 | ||
/s/ Neal M. Jewell | Trustee | September 1, 2009 | ||
/s/ Russell A. Kimball, Jr. | Trustee | September 1, 2009 | ||
/s/ Eugene M. Mannella | Trustee | September 1, 2009 | ||
/s/ Norman R. Nielsen | Trustee | September 1, 2009 | ||
/s/ Joyce G. Norden | Trustee | September 1, 2009 | ||
/s/ Patricia Sawyer | Trustee | September 1, 2009 | ||
/s/ John W. Waechter | Trustee | September 1, 2009 | ||
/s/ Joseph P. Carusone | Vice President, Treasurer and Principal Financial Officer | September 1, 2009 |
* By: | /s/ Dennis P. Gallagher | September 1, 2009 | ||||
Dennis P. Gallagher** |
** | Attorney-in-fact pursuant to powers of attorney previously filed or, with respect to David W. Jennings, pursuant to a power of attorney filed herein. |
Form N-14
Exhibit Number | Description of Exhibit | |
(11) | Opinion and Consent of Counsel | |
(12) | Forms of Opinion and Consent of Bingham McCutchen LLP | |
(13)(c) | Form of amended and restated Expense Limitation Agreement | |
(14) | Consents of Independent Registered Certified Public Accounting Firms | |
(16) | Powers of Attorney | |
(17)(c) | Prospectuses dated March 1, 2009 and Statement of Additional Information of Transamerica Funds dated July 1, 2009, as supplemented | |
(17)(d) | Annual Report of Transamerica Funds for the year ended October 31, 2008 | |
(17)(e) | Semi-Annual Report of Transamerica Funds for the period ended April 30, 2009 | |
(17)(f) | Prospectuses and Statement of Additional Information of Transamerica Premier Funds dated May 1, 2009, as supplemented | |
(17)(g) | Annual Report of Transamerica Premier Funds for the year ended December 31, 2008 | |
(17)(h) | �� | Semi-Annual Report of Transamerica Premier Funds for the period ended June 30, 2009 |