and the Statement of Additional Information dated July 1, 2009, each as previously supplemented
• | 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 |
- | 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. |
2
Transamerica Funds
Transamerica Series Trust
Transamerica Investors, Inc.
Transamerica Partners Funds Group
Transamerica Partners Funds Group II (each, a “fund”)
Date of Prospectus | ||
Fund | and Statement of Additional Information | |
Transamerica Funds | Prospectus — March 1, 2009 | |
Transamerica American Century Large Company Value | Statement of Additional Information — July 1, 2009 | |
Transamerica Balanced | ||
Transamerica Convertible Securities | ||
Transamerica Diversified Equity | ||
Transamerica Equity | ||
Transamerica Evergreen Health Care | ||
Transamerica Evergreen International Small Cap | ||
Transamerica Flexible Income | ||
Transamerica Growth Opportunities | ||
Transamerica High Yield Bond | ||
Transamerica Legg Mason Partners All Cap | ||
Transamerica Marsico Growth | ||
Transamerica Marsico International Growth | ||
Transamerica Money Market | ||
Transamerica Science & Technology | ||
Transamerica Templeton Global | ||
Transamerica Value Balanced | ||
Transamerica Series Trust | May 1, 2009 | |
Transamerica American Century Large Company Value VP | ||
Transamerica Balanced VP | ||
Transamerica BlackRock Large Cap Value VP | ||
Transamerica Diversified Equity VP | ||
Transamerica Jennison Growth VP | ||
Transamerica Legg Mason Partners All Cap VP | ||
Transamerica Marsico Growth VP | ||
Transamerica Munder Net 50 VP | ||
Transamerica Science & Technology VP | ||
Transamerica T. Rowe Price Equity Income VP | ||
Transamerica T. Rowe Price Growth Stock VP | ||
Transamerica Templeton Global VP | ||
Transamerica Value Balanced VP | ||
Transamerica Investors, Inc. | May 1, 2009 | |
Transamerica Premier Balanced Fund | ||
Transamerica Premier Cash Reserve Fund | ||
Transamerica Premier Diversified Equity Fund | ||
Transamerica Premier Equity Fund | ||
Transamerica Premier Focus Fund | ||
Transamerica Premier Growth Opportunities Fund | ||
Transamerica Premier High Yield Bond Fund | ||
Transamerica Premier Institutional Bond Fund | ||
Transamerica Premier Institutional Diversified Equity Fund | ||
Transamerica Premier Institutional Equity Fund | ||
Transamerica Premier Institutional Small Cap Value Fund |
Date of Prospectus | ||
Fund | and Statement of Additional Information | |
Transamerica Partners Funds Group | May 1, 2009 | |
Transamerica Partners Core Bond | ||
Transamerica Partners Growth | ||
Transamerica Partners Large Growth | ||
Transamerica Partners Large Value | ||
Transamerica Partners Total Return Bond | ||
Transamerica Partners Value | ||
Transamerica Partners Funds Group II | May 1, 2009 | |
Transamerica Partners Institutional Core Bond | ||
Transamerica Partners Institutional Growth | ||
Transamerica Partners Institutional Large Growth | ||
Transamerica Partners Institutional Large Value | ||
Transamerica Partners Institutional Total Return Bond | ||
Transamerica Partners Institutional Value |
Target Fund(s) | Destination Fund | |
Transamerica Premier Balanced Fund | Transamerica Balanced | |
Transamerica Value Balanced | ||
Transamerica Premier Cash Reserve Fund* | Transamerica Money Market | |
Transamerica Premier Diversified Equity Fund | Transamerica Diversified Equity | |
Transamerica Premier Institutional Diversified Equity Fund | ||
Transamerica Science & Technology | ||
Transamerica Templeton Global | ||
Transamerica Premier Equity Fund | Transamerica Equity | |
Transamerica Premier Institutional Equity Fund | ||
Transamerica Premier Focus Fund | Transamerica Legg Mason Partners All Cap | |
Transamerica Premier Growth Opportunities Fund | Transamerica Growth Opportunities | |
Transamerica Premier High Yield Bond Fund* | Transamerica High Yield Bond | |
Transamerica Convertible Securities | Transamerica Flexible Income | |
Transamerica Partners Value | Transamerica Partners Large Value | |
Transamerica Partners Growth | Transamerica Partners Large Growth | |
Transamerica Partners Total Return Bond | Transamerica Partners Core Bond | |
Transamerica Partners Institutional Value | Transamerica Partners Institutional Large Value | |
Transamerica Partners Institutional Growth | Transamerica Partners Institutional Large Growth | |
Transamerica Partners Total Institutional Return Bond | Transamerica Partners Institutional Core Bond |
* | Requires shareholder approval. |
Target Fund(s) | Destination Fund | |
Transamerica Templeton Global VP | Transamerica Diversified Equity VP | |
Transamerica Science & Technology VP | ||
Transamerica Munder Net 50 VP* | ||
Transamerica Value Balanced VP | Transamerica Balanced VP | |
Transamerica American Century Large Company Value VP* | Transamerica BlackRock Large Cap Value VP | |
Transamerica T. Rowe Price Equity Income VP* | ||
Transamerica Marsico Growth VP | Transamerica Jennison Growth VP | |
Transamerica T. Rowe Price Growth Stock VP |
* | Requires shareholder approval. |
Fund | ||
Transamerica American Century Large Company Value | ||
Transamerica Evergreen Health Care | ||
Transamerica Evergreen International Small Cap | ||
Transamerica Marsico Growth | ||
Transamerica Marsico International Growth | ||
Transamerica Premier Institutional Bond Fund | ||
Transamerica Premier Institutional Small Cap Value Fund |
Fund | Proposed New Subadviser | |
Transamerica Legg Mason Partners All Cap | Transamerica Investment Management, LLC | |
Transamerica Legg Mason Partners All Cap VP | Transamerica Investment Management, LLC |
Transamerica Asset Allocation – Moderate Growth Portfolio
Transamerica Asset Allocation – Moderate Portfolio
Transamerica Asset Allocation – Conservative Portfolio
Transamerica Multi-Manager Alternative Strategies Portfolio
Transamerica Balanced
Transamerica Convertible Securities
Transamerica Equity
Transamerica Flexible Income
Transamerica Growth Opportunities
Transamerica Legg Mason Partners All Cap
Transamerica Multi-Manager International
Transamerica Science & Technology
Transamerica Small/Mid Cap Value
Transamerica Templeton Global
Transamerica Value Balanced
Transamerica Money Market
Transamerica Asset Allocation – Moderate Portfolio
Transamerica Asset Allocation – Conservative Portfolio
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | None | None | ||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5.00 | %b | 1.00 | %c |
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Management fees | 0.80 | % | 0.80 | % | 0.80 | % | ||||||
Distribution and service (12b-1) fees | 0.35 | % | 1.00 | % | 1.00 | % | ||||||
Other expenses | 0.57 | % | 0.70 | % | 0.48 | % | ||||||
Total annual fund operating expenses | 1.72 | % | 2.50 | % | 2.28 | % | ||||||
Expense reductione | 0.00 | % | 0.05 | % | 0.00 | % | ||||||
Net operating expenses | 1.72 | % | 2.45 | % | 2.28 | % |
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
d | Annual fund operating expenses have been restated to reflect expenses the fund expects to incur during its current fiscal year. | |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 715 | $ | 1,062 | $ | 1,432 | $ | 2,469 | ||||||||
B† | $ | 748 | $ | 1,074 | $ | 1,426 | $ | 2,640 | ||||||||
C | $ | 331 | $ | 712 | $ | 1,220 | $ | 2,615 |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 715 | $ | 1,062 | $ | 1,432 | $ | 2,469 | ||||||||
B† | $ | 248 | $ | 774 | $ | 1,326 | $ | 2,640 | ||||||||
C | $ | 231 | $ | 712 | $ | 1,220 | $ | 2,615 |
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
2
Transamerica Convertible Securities
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 4.75 | % | None | None | ||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5.00 | %b | 1.00 | %c |
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Management fees | 0.75 | % | 0.75 | % | 0.75 | % | ||||||
Distribution and service (12b-1) fees | 0.35 | % | 1.00 | % | 1.00 | % | ||||||
Other expenses | 0.38 | % | 0.48 | % | 0.28 | % | ||||||
Total annual fund operating expenses | 1.48 | % | 2.23 | % | 2.03 | % | ||||||
Expense reductione | 0.00 | % | 0.00 | % | 0.00 | % | ||||||
Net operating expenses | 1.48 | % | 2.23 | % | 2.03 | % |
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
d | Annual fund operating expenses have been restated to reflect expenses the fund expects to incur during its current fiscal year. | |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 618 | $ | 921 | $ | 1,245 | $ | 2,159 | ||||||||
B† | $ | 726 | $ | 997 | $ | 1,295 | $ | 2,376 | ||||||||
C | $ | 306 | $ | 637 | $ | 1,093 | $ | 2,358 |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 618 | $ | 921 | $ | 1,245 | $ | 2,159 | ||||||||
B† | $ | 226 | $ | 697 | $ | 1,195 | $ | 2,376 | ||||||||
C | $ | 206 | $ | 637 | $ | 1,093 | $ | 2,358 |
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
3
Class of Shares | ||||||||||||||||
A | B | C | T* | |||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | None | None | 8.50 | % | ||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5.00 | %b | 1.00 | %c | None |
Class of Shares | ||||||||||||||||
A | B | C | T* | |||||||||||||
Management fees | 0.73 | % | 0.73 | % | 0.73 | % | 0.73 | % | ||||||||
Distribution and service (12b-1) fees | 0.35 | % | 1.00 | % | 1.00 | % | 0.00 | % | ||||||||
Other expenses | 0.58 | % | 0.91 | % | 0.62 | % | 0.29 | % | ||||||||
Total annual fund operating expenses | 1.66 | % | 2.64 | % | 2.35 | % | 1.02 | % | ||||||||
Expense reductione | 0.14 | % | 0.47 | % | 0.18 | % | 0.00 | % | ||||||||
Net operating expenses | 1.52 | % | 2.17 | % | 2.17 | % | 1.02 | % |
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
d | Annual fund operating expenses have been restated to reflect expenses the fund expects to incur during its current fiscal year. | |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”) through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.17%, 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 1.17%, excluding 12b-1 fees and extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. | |
* | Not available to new investors. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 696 | $ | 1,032 | $ | 1,390 | $ | 2,396 | ||||||||
B† | $ | 720 | $ | 1,076 | $ | 1,458 | $ | 2,700 | ||||||||
C | $ | 320 | $ | 716 | $ | 1,239 | $ | 2,672 | ||||||||
T | $ | 945 | $ | 1,147 | $ | 1,365 | $ | 1,992 |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 696 | $ | 1,032 | $ | 1,390 | $ | 2,396 | ||||||||
B† | $ | 220 | $ | 776 | $ | 1,358 | $ | 2,700 | ||||||||
C | $ | 220 | $ | 716 | $ | 1,239 | $ | 2,672 | ||||||||
T | $ | 945 | $ | 1,147 | $ | 1,365 | $ | 1,992 |
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
4
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 4.75 | % | None | None | ||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5.00 | %b | 1.00 | %c |
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Management fees | 0.73 | % | 0.73 | % | 0.73 | % | ||||||
Distribution and service (12b-1) fees | 0.35 | % | 1.00 | % | 1.00 | % | ||||||
Other expenses | 0.41 | % | 0.48 | % | 0.37 | % | ||||||
Total annual fund operating expenses | 1.49 | % | 2.21 | % | 2.10 | % | ||||||
Expense reductione | 0.00 | % | 0.00 | % | 0.00 | % | ||||||
Net operating expenses | 1.49 | % | 2.21 | % | 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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
d | Annual fund operating expenses have been restated to reflect expenses the fund expects to incur during its current fiscal year. | |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 619 | $ | 924 | $ | 1,250 | $ | 2,170 | ||||||||
B† | $ | 724 | $ | 991 | $ | 1,285 | $ | 2,362 | ||||||||
C | $ | 313 | $ | 658 | $ | 1,129 | $ | 2,431 |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 619 | $ | 924 | $ | 1,250 | $ | 2,170 | ||||||||
B† | $ | 224 | $ | 691 | $ | 1,185 | $ | 2,362 | ||||||||
C | $ | 213 | $ | 658 | $ | 1,129 | $ | 2,431 |
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
5
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | None | None | ||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5.00 | %b | 1.00 | %c |
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Management fees | 0.80 | % | 0.80 | % | 0.80 | % | ||||||
Distribution and service (12b-1) fees | 0.35 | % | 1.00 | % | 1.00 | % | ||||||
Other expenses | 1.12 | % | 1.19 | % | 0.92 | % | ||||||
Total annual fund operating expenses | 2.27 | % | 2.99 | % | 2.72 | % | ||||||
Expense reductione | 0.52 | % | 0.59 | % | 0.32 | % | ||||||
Net operating expenses | 1.75 | % | 2.40 | % | 2.40 | % |
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
d | Annual fund operating expenses have been restated to reflect expenses the fund expects to incur during its current fiscal year. | |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.40%, 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 1.40%, excluding 12b-1 fees and extraordinary expenses. This fund may not recapture any fees waived and or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 718 | $ | 1,173 | $ | 1,654 | $ | 2,974 | ||||||||
B† | $ | 743 | $ | 1,169 | $ | 1,620 | $ | 3,098 | ||||||||
C | $ | 343 | $ | 814 | $ | 1,411 | $ | 3,028 |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 718 | $ | 1,173 | $ | 1,654 | $ | 2,974 | ||||||||
B† | $ | 243 | $ | 869 | $ | 1,520 | $ | 3,098 | ||||||||
C | $ | 243 | $ | 814 | $ | 1,411 | $ | 3,028 |
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
6
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | None | None | ||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5.00 | %b | 1.00 | %c |
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Management fees | 0.80 | % | 0.80 | % | 0.80 | % | ||||||
Distribution and service (12b-1) fees | 0.35 | % | 1.00 | % | 1.00 | % | ||||||
Other expenses | 0.76 | % | 0.86 | % | 0.64 | % | ||||||
Total annual fund operating expenses | 1.91 | % | 2.66 | % | 2.44 | % | ||||||
Expense reductione | 0.36 | % | 0.46 | % | 0.24 | % | ||||||
Net operating expenses | 1.55 | % | 2.20 | % | 2.20 | % |
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
d | Annual fund operating expenses have been restated to reflect expenses the fund expects to incur during its current fiscal year. | |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. This fund may not recapture any fees waived and or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 699 | $ | 1,084 | $ | 1,493 | $ | 2,632 | ||||||||
B† | $ | 723 | $ | 1,083 | $ | 1,469 | $ | 2,777 | ||||||||
C | $ | 323 | $ | 738 | $ | 1,279 | $ | 2,758 |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 699 | $ | 1,084 | $ | 1,493 | $ | 2,632 | ||||||||
B† | $ | 223 | $ | 783 | $ | 1,369 | $ | 2,777 | ||||||||
C | $ | 223 | $ | 738 | $ | 1,279 | $ | 2,758 |
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
7
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | None | None | ||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5.00 | %b | 1.00 | %c |
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Management fees | 0.10 | % | 0.10 | % | 0.10 | % | ||||||
Distribution and service (12b-1) fees | 0.35 | % | 1.00 | % | 1.00 | % | ||||||
Other expenses | 0.36 | % | 0.56 | % | 0.42 | % | ||||||
Acquired fund fees and expenses (fees and expenses of underlying funds) | 1.10 | % | 1.10 | % | 1.10 | % | ||||||
Total annual fund operating expenses | 1.91 | % | 2.76 | % | 2.62 | % | ||||||
Expense reductione | 0.01 | % | 0.21 | % | 0.07 | % | ||||||
Net operating expenses | 1.90 | % | 2.55 | % | 2.55 | % |
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
d | Annual fund operating expenses have been restated to reflect expenses the fund expects to incur during its current fiscal year. | |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 0.45%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and 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 0.45%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and expenses. This fund may not recapture any fees waived and or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 732 | $ | 1,116 | $ | 1,524 | $ | 2,659 | ||||||||
B† | $ | 758 | $ | 1,136 | $ | 1,541 | $ | 2,870 | ||||||||
C | $ | 358 | $ | 808 | $ | 1,384 | $ | 2,949 |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 732 | $ | 1,116 | $ | 1,524 | $ | 2,659 | ||||||||
B† | $ | 258 | $ | 836 | $ | 1,441 | $ | 2,870 | ||||||||
C | $ | 258 | $ | 808 | $ | 1,384 | $ | 2,949 |
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
8
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | None | None | ||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5.00 | %b | 1.00 | %c |
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Management fees | 0.78 | % | 0.78 | % | 0.78 | % | ||||||
Distribution and service (12b-1) fees | 0.35 | % | 1.00 | % | 1.00 | % | ||||||
Other expenses | 1.10 | % | 1.42 | % | 0.96 | % | ||||||
Total annual fund operating expenses | 2.23 | % | 3.20 | % | 2.74 | % | ||||||
Expense reductione | 0.70 | % | 1.02 | % | 0.56 | % | ||||||
Net operating expenses | 1.53 | % | 2.18 | % | 2.18 | % |
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
d | Annual fund operating expenses have been restated to reflect expenses the fund expects to incur during its current fiscal year. | |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 697 | $ | 1,145 | $ | 1,619 | $ | 2,922 | ||||||||
B† | $ | 721 | $ | 1,191 | $ | 1,685 | $ | 3,208 | ||||||||
C | $ | 321 | $ | 797 | $ | 1,400 | $ | 3,030 |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 697 | $ | 1,145 | $ | 1,619 | $ | 2,922 | ||||||||
B† | $ | 221 | $ | 891 | $ | 1,585 | $ | 3,208 | ||||||||
C | $ | 221 | $ | 797 | $ | 1,400 | $ | 3,030 |
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
9
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | None | None | ||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5.00 | %b | 1.00 | %c |
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Management fees | 0.80 | % | 0.80 | % | 0.80 | % | ||||||
Distribution and service (12b-1) fees | 0.35 | % | 1.00 | % | 1.00 | % | ||||||
Other expenses | 0.60 | % | 0.54 | % | 0.49 | % | ||||||
Total annual fund operating expenses | 1.75 | % | 2.34 | % | 2.29 | % | ||||||
Expense reductione | 0.00 | % | 0.00 | % | 0.00 | % | ||||||
Net operating expenses | 1.75 | % | 2.34 | % | 2.29 | % |
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
d | Annual fund operating expenses have been restated to reflect expenses the fund expects to incur during its current fiscal year. | |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.40%, 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 1.40%, excluding 12b-1 fees and extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 718 | $ | 1,071 | $ | 1,447 | $ | 2,499 | ||||||||
B† | $ | 737 | $ | 1,030 | $ | 1,350 | $ | 2,529 | ||||||||
C | $ | 332 | $ | 715 | $ | 1,225 | $ | 2,626 |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 718 | $ | 1,071 | $ | 1,447 | $ | 2,499 | ||||||||
B† | $ | 237 | $ | 730 | $ | 1,250 | $ | 2,529 | ||||||||
C | $ | 232 | $ | 715 | $ | 1,225 | $ | 2,626 |
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
10
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | None | None | ||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5.00 | %b | 1.00 | %c |
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Management fees | 0.80 | % | 0.80 | % | 0.80 | % | ||||||
Distribution and service (12b-1) fees | 0.35 | % | 1.00 | % | 1.00 | % | ||||||
Other expenses | 0.95 | % | 1.44 | % | 0.93 | % | ||||||
Total annual fund operating expenses | 2.10 | % | 3.24 | % | 2.73 | % | ||||||
Expense reductione | 0.55 | % | 1.04 | % | 0.53 | % | ||||||
Net operating expenses | 1.55 | % | 2.20 | % | 2.20 | % |
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
d | Annual fund operating expenses have been restated to reflect expenses the fund expects to incur during its current fiscal year. | |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 699 | $ | 1,122 | $ | 1,569 | $ | 2,806 | ||||||||
B† | $ | 723 | $ | 1,201 | $ | 1,703 | $ | 3,205 | ||||||||
C | $ | 323 | $ | 797 | $ | 1,398 | $ | 3,022 |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 699 | $ | 1,122 | $ | 1,569 | $ | 2,806 | ||||||||
B† | $ | 223 | $ | 901 | $ | 1,603 | $ | 3,205 | ||||||||
C | $ | 223 | $ | 797 | $ | 1,398 | $ | 3,022 |
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
11
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.50 | % | None | None | ||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5.00 | %b | 1.00 | %c |
Class of Shares | ||||||||||||
A | B | C | ||||||||||
Management fees | 0.75 | % | 0.75 | % | 0.75 | % | ||||||
Distribution and service (12b-1) fees | 0.35 | % | 1.00 | % | 1.00 | % | ||||||
Other expenses | 0.79 | % | 1.00 | % | 0.66 | % | ||||||
Total annual fund operating expenses | 1.89 | % | 2.75 | % | 2.41 | % | ||||||
Expense reductione | 0.34 | % | 0.55 | % | 0.21 | % | ||||||
Net operating expenses | 1.55 | % | 2.20 | % | 2.20 | % |
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
d | Annual fund operating expenses have been restated to reflect expenses the fund expects to incur during its current fiscal year. | |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. This fund may not recapture any fees waived and or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 699 | $ | 1,080 | $ | 1,485 | $ | 2,614 | ||||||||
B† | $ | 723 | $ | 1,101 | $ | 1,506 | $ | 2,833 | ||||||||
C | $ | 323 | $ | 732 | $ | 1,267 | $ | 2,730 |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 699 | $ | 1,080 | $ | 1,485 | $ | 2,614 | ||||||||
B† | $ | 223 | $ | 801 | $ | 1,406 | $ | 2,833 | ||||||||
C | $ | 223 | $ | 732 | $ | 1,267 | $ | 2,730 |
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
12
Class of Shares | ||||||
A | B | C | ||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | None | None | None | |||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | None | 5.00%a | 1.00%b |
Class of Shares | ||||||
A | B | C | ||||
Management fees | 0.40% | 0.40% | 0.40% | |||
Distribution and service (12b-1) fees | 0.35% | 1.00% | 1.00% | |||
Other expenses | 0.39% | 0.40% | 0.31% | |||
Total annual fund operating expenses | 1.14% | 1.80% | 1.71% | |||
Expense reductiond,e | 0.25% | 0.27% | 0.19% | |||
Net operating expenses | 0.89% | 1.53% | 1.52% |
a | Purchases of Class B shares are subject to a declining contingent deferred sales charge (“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). | |
b | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. | |
c | Annual fund operating expenses are based upon the fund’s expenses for the fiscal year ended October 31, 2008, restated to include an adjustment of 0.06%, 0.05% and 0.04% for Class A, Class B and Class C, respectively, as a result of the U.S. Treasury’s Temporary Guarantee Program for Money Market Funds (the “Program”). This adjustment represents costs associated with participation in the Program for the period November 1, 2008 through September 18, 2009, and are not covered by the contractual expense cap currently in effect. The Program has currently been extended through September 18, 2009. | |
d | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010 to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 0.48%, 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 0.48%, excluding 12b-1 fees and extraordinary expenses. | |
e | In order to avoid a negative yield, TAM or any of its affiliates may waive fees or reimburse expenses of one or more classes of the fund. Any such waiver or expense reimbursement would be voluntary, could be discontinued at any time, and is subject in certain circumstances to reimbursement by the fund to TAM or its affiliates. There is no guarantee that the fund will be able to avoid a negative yield. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 91 | $ | 325 | $ | 577 | $ | 1,300 | ||||||||
B† | $ | 656 | $ | 830 | $ | 1,028 | $ | 1,867 | ||||||||
C | $ | 255 | $ | 512 | $ | 893 | $ | 1,964 |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
A | $ | 91 | $ | 325 | $ | 577 | $ | 1,300 | ||||||||
B† | $ | 156 | $ | 530 | $ | 928 | $ | 1,867 | ||||||||
C | $ | 155 | $ | 512 | $ | 893 | $ | 1,964 |
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
13
• | Transamerica BlackRock Large Cap Value seeks long-term capital growth by investing primarily in a diversified portfolio of equity securities of large cap companies located in the United States. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of large cap companies that, at the time of purchase, comprise the fund’s benchmark, the Russell 1000® Value Index. The principal risks of investing in this underlying fund are: market risk; stock risk; value investing risk; and preferred stock risk. |
14
![(Graphic)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257coverart.gif)
• ASSET ALLOCATION FUNDS Transamerica Asset Allocation – Growth Portfolio Transamerica Asset Allocation – Moderate Growth Portfolio Transamerica Asset Allocation – Moderate Portfolio Transamerica Asset Allocation – Conservative Portfolio • MULTI-MANAGER SERIES FUNDS Transamerica Multi-Manager Alternative Strategies Portfolio Transamerica Multi-Manager International Portfolio • U.S. STOCK FUNDS Transamerica Legg Mason Partners All Cap Transamerica Equity Transamerica Growth Opportunities Transamerica Small/Mid Cap Value • SPECIALTY FUNDS Transamerica Convertible Securities Transamerica Science & Technology | • GLOBAL AND INTERNATIONAL STOCK FUNDS Transamerica Templeton Global • BALANCED FUNDS Transamerica Balanced Transamerica Value Balanced • BOND FUNDS Transamerica High Yield Bond Transamerica Flexible Income Transamerica Short-Term Bond • MONEY MARKET FUNDS Transamerica Money Market |
![]() | Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense. |
Not insured by FDIC or any federal government agency. | May lose value. | Not a deposit of or guaranteed by any bank, bank affiliate, or credit union. | ||||
Section A — Fund Descriptions | ||||
n ASSET ALLOCATION FUNDS | ||||
Transamerica Asset Allocation – Growth Portfolio | 4 | |||
Transamerica Asset Allocation – Moderate Growth Portfolio | 9 | |||
Transamerica Asset Allocation – Moderate Portfolio | 14 | |||
Transamerica Asset Allocation – Conservative Portfolio | 19 | |||
n MULTI-MANAGER SERIES FUNDS | ||||
Transamerica Multi-Manager Alternative Strategies Portfolio | 24 | |||
Transamerica Multi-Manager International Portfolio | 29 | |||
n U.S. STOCK FUNDS | ||||
Transamerica Legg Mason Partners All Cap | 34 | |||
Transamerica Equity | 38 | |||
Transamerica Growth Opportunities | 43 | |||
Transamerica Small/Mid Cap Value | 48 | |||
n SPECIALTY FUNDS | ||||
Transamerica Convertible Securities | 52 | |||
Transamerica Science & Technology | 56 | |||
n GLOBAL AND INTERNATIONAL STOCK FUNDS | ||||
Transamerica Templeton Global | 60 | |||
n BALANCED FUNDS | ||||
Transamerica Balanced | 65 | |||
Transamerica Value Balanced | 71 | |||
n BOND FUNDS | ||||
Transamerica High Yield Bond | 77 | |||
Transamerica Flexible Income | 81 | |||
Transamerica Short-Term Bond | 87 | |||
n MONEY MARKET FUNDS | ||||
Transamerica Money Market | 91 | |||
Financial Highlights | 94 | |||
Section B — Description of Certain Underlying Funds | 131 |
![]() | OBJECTIVE What is the fund’s investment objective? Learn about your fund’s goal or objective. | |
![]() | PRINCIPAL STRATEGIES AND POLICIES How does a fund go about trying to meet its goal? Read about the key types of investments each fund contains and what style of investment philosophy it employs. | |
![]() | LIST OF UNDERLYING FUNDS What are the underlying funds in which the asset allocation portfolios may invest? See the list of all underlying funds. | |
![]() | PRINCIPAL RISKS What are the specific key risks for an investor in the funds? Find out what key types of risks are associated with each fund. | |
![]() | PAST PERFORMANCE What is the investment performance of the fund? See how well each fund has performed in the past year, five years, ten years or since its inception. | |
![]() | FEES AND EXPENSES How much does it cost to invest in a fund? Learn about each fund’s fees and expenses. | |
![]() | ADDITIONAL INFORMATION Who manages the fund and how much are they paid? See information about each fund’s advisers, as well as the fees paid to them. |
1
Section C — Shareholder Information
n INVESTMENT ADVISER | 135 | |||
n TO CONTACT TRANSAMERICA FUNDS | 135 | |||
n THE FOLLOWING INFORMATION APPLIES TO CLASS A, CLASS B, CLASS C AND CLASS T SHARES (CLASS T SHARES ARE CLOSED TO NEW INVESTORS) | 135 | |||
n OPENING AN ACCOUNT | 135 | |||
Minimum Investment | 135 | |||
By Mail | 136 | |||
Through an Authorized Dealer | 136 | |||
n BUYING SHARES | 136 | |||
By Check | 136 | |||
By Automatic Investment Plan | 136 | |||
By Telephone | 136 | |||
Through an Authorized Dealer | 136 | |||
By the Internet | 136 | |||
By Payroll Deduction | 136 | |||
By Wire Transfer | 136 | |||
Other Information | 136 | |||
n SELLING SHARES | 137 | |||
Direct Deposit – ACH | 137 | |||
Direct Deposit – Wire | 137 | |||
Check to Address of Record | 137 | |||
Check to Another Party/Address | 137 | |||
Systematic Withdrawal Plan (by Direct Deposit — ACH or Check) | 137 | |||
Through an Authorized Dealer | 137 | |||
Involuntary Redemptions | 137 | |||
n EXCHANGING SHARES | 138 | |||
n FEATURES AND POLICIES | 138 | |||
Checkwriting Service (For Class A Shares of Transamerica Money Market only) | 138 | |||
Customer Service | 138 | |||
Uncashed Checks Issued on Your Account | 138 | |||
Minimum Dividend Check Amounts | 138 | |||
Minimum Account Balance | 139 | |||
Telephone Transactions | 139 | |||
Retirement and ESA State Street Account Maintenance Fees | 139 | |||
Professional Fees | 139 | |||
Signature Guarantee | 139 | |||
Employer Sponsored Accounts | 139 | |||
E-mail Communication | 140 | |||
Reinvestment Privilege | 140 | |||
Statements and Reports | 140 | |||
e-Delivery | 140 | |||
n CHOOSING A SHARE CLASS | 140 | |||
Class A Shares – Front Load | 140 | |||
Class B Shares – Back Load | 140 | |||
Class C Shares – Level Load | 141 | |||
Class T Shares – Front Load (Transamerica Equity only) | 141 | |||
Contingent Deferred Sales Charge | 141 | |||
n WAIVERS AND/OR REDUCTIONS OF CHARGES | 141 | |||
Class A and Class T Sales Charge Reductions | 141 | |||
Waiver of Class A and Class T Initial Sales Charges | 143 | |||
Waiver of Class A, Class B, Class C, and Class T Contingent Deferred Sales Charges | 143 | |||
n THE FOLLOWING INFORMATION APPLIES TO CLASS R SHARES | 143 | |||
n CLASS R AVAILABILITY | 144 | |||
n OPENING AN ACCOUNT AND PURCHASING SHARES | 144 |
2
n SELLING SHARES | 144 | |||
n EXCHANGING SHARES | 144 | |||
n THE FOLLOWING INFORMATION APPLIES TO ALL SHARE CLASSES | 144 | |||
Market Timing/Excessive Trading | 144 | |||
n PRICING OF SHARES | 145 | |||
How Share Price Is Determined | 145 | |||
When Share Price Is Determined | 145 | |||
How NAV Is Calculated | 145 | |||
n DISTRIBUTION OF SHARES | 146 | |||
Distribution Plans | 146 | |||
Distribution of Class A Shares | 146 | |||
Distribution of Class B Shares | 146 | |||
Distribution of Class C Shares | 146 | |||
Distribution of Class R Shares | 146 | |||
Class T Shares (Transamerica Equity only) | 146 | |||
The Effect of Rule 12b-1 Plans | 146 | |||
n UNDERWRITING AGREEMENT | 146 | |||
n OTHER DISTRIBUTION OR SERVICE ARRANGEMENTS | 146 | |||
n DISTRIBUTIONS AND TAXES | 147 | |||
Taxes on Distributions in General | 147 | |||
Taxes on the Sale or Exchange of Shares | 148 | |||
Withholding Taxes | 148 | |||
Non-Resident Alien Withholding | 148 | |||
Other Tax Information | 149 | |||
Asset Allocation Funds | 149 | |||
Investment Policy Changes | 149 | |||
n APPENDIX A – MORE ON STRATEGIES AND RISKS | APPENDIX A-1 | |||
n APPENDIX B – BOND RATINGS | APPENDIX B-1 |
3
![]() | Objective |
![]() | Principal Strategies and Policies |
n | Under normal market conditions, it expects to invest primarily in underlying funds that invest primarily in equities. |
n | Allocation of assets among the underlying funds is based on such things as prudent diversification principles, general market outlooks (both domestic and global), historical performance, global markets’ current valuations, and other global economic factors. |
n | The fund may periodically adjust its allocations to favor investments in those underlying funds that it believes will provide the most favorable outlook for achieving its investment objective. |
n | The fund may also invest directly in U.S. government securities and/or short-term commercial paper. |
![]() | List of Underlying Funds |
n | Transamerica AllianceBernstein International Value |
n | Transamerica American Century Large Company Value |
n | Transamerica Balanced |
n | Transamerica Bjurman, Barry Micro Emerging Growth |
n | Transamerica BlackRock Global Allocation |
n | Transamerica BlackRock Large Cap Value |
n | Transamerica BlackRock Natural Resources |
n | Transamerica BNY Mellon Market Neutral Strategy |
n | Transamerica Clarion Global Real Estate Securities |
n | Transamerica Equity |
n | Transamerica Evergreen Health Care |
n | Transamerica Evergreen International Small Cap |
n | Transamerica Federated Market Opportunity |
n | Transamerica Growth Opportunities |
n | Transamerica Jennison Growth |
n | Transamerica JPMorgan Mid Cap Value |
n | Transamerica Legg Mason Partners Investors Value |
n | Transamerica MFS International Equity |
n | Transamerica Marsico Growth |
n | Transamerica Marsico International Growth |
n | Transamerica Money Market |
n | Transamerica Neuberger Berman International |
n | Transamerica Oppenheimer Developing Markets |
n | Transamerica Oppenheimer Small- & Mid-Cap Value |
n | Transamerica Schroders International Small Cap |
n | Transamerica Science & Technology |
n | Transamerica Small/Mid Cap Value |
n | Transamerica Third Avenue Value |
n | Transamerica Thornburg International Value |
n | Transamerica UBS Dynamic Alpha |
n | Transamerica UBS Large Cap Value |
n | Transamerica Value Balanced |
n | Transamerica Van Kampen Mid-Cap Growth |
n | Transamerica Van Kampen Small Company Growth |
n | Transamerica WMC Emerging Markets |
![]() | Principal Risks |
n | Market |
n | Asset Allocation |
4
n | Underlying Funds |
n | Stocks |
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 |
n | 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 |
n | 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. |
n | Investment Companies |
5
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677764.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 6/30/2003 | 15 | .84% | ||||||||
Worst Quarter: | 12/31/2008 | (22 | .63)% | ||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (43 | .48)% | (2 | .55)% | (1 | .26)% | ||||||||||||
Return after taxes on distributions3 | (43 | .70)% | (3 | .12)% | (1 | .68)% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (28 | .05)% | (2 | .11)% | (1 | .03)% | ||||||||||||
Class B (Return before taxes only) | (43 | .52)% | (2 | .24)% | (1 | .09)% | ||||||||||||
Class C (Return before taxes only) | (41 | .14)% | (2 | .02)% | 2 | .78% | ||||||||||||
Class R (Return before taxes only) | (40 | .22)% | N/A | (11 | .09)% | |||||||||||||
Wilshire 5000 Index (reflects no deduction for fees, expenses or taxes) | (37 | .33)% | (1 | .67)% | (0 | .14)% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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 R commenced operations on June 15, 2006. |
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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||
Class of Shares | ||||||||||||||||||||||
A | B | C | R | |||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | None | |||||||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | None | ||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | ||||||||||||||||||||||
Class of Shares | ||||||||||||||||||||||
A | B | C | R | |||||||||||||||||||
Management fees | 0 | .10% | 0 | .10% | 0 | .10% | 0 | .10% | ||||||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | 0 | .50% | ||||||||||||||
Other expenses | 0 | .20% | 0 | .20% | 0 | .16% | 0 | .23% | ||||||||||||||
Acquired Fund Fees and Expenses (fees and expenses of underlying funds) | 0 | .93% | 0 | .93% | 0 | .93% | 0 | .93% | ||||||||||||||
Total annual fund operating expensesf | 1 | .58% | 2 | .23% | 2 | .19% | 1 | .76% | ||||||||||||||
Expense reductione | 0 | .00% | 0 | .00% | 0 | .00% | 0 | .00% | ||||||||||||||
Net operating expensesf | 1 | .58% | 2 | .23% | 2 | .19% | 1 | .76% | ||||||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008, restated to reflect deduction of distribution and service (“12b-1”) fees from the fund’s assets only, and not (in part) from the assets of the underlying funds. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 0.45%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and 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 0.45%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and expenses. |
f | Fund operating expenses do not correlate to the ratios of expenses to average net assets in the financial highlights table, which do not include acquired (i.e., underlying) funds’ fees and expenses. |
6
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 702 | $ | 1,021 | $ | 1,363 | $ | 2,325 | ||||||||||
B† | $ | 726 | $ | 997 | $ | 1,295 | $ | 2,401 | ||||||||||
C | $ | 322 | $ | 685 | $ | 1,175 | $ | 2,524 | ||||||||||
R | $ | 179 | $ | 554 | $ | 954 | $ | 2,073 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 702 | $ | 1,021 | $ | 1,363 | $ | 2,325 | ||||||||||
B† | $ | 226 | $ | 697 | $ | 1,195 | $ | 2,401 | ||||||||||
C | $ | 222 | $ | 685 | $ | 1,175 | $ | 2,524 | ||||||||||
R | $ | 179 | $ | 554 | $ | 954 | $ | 2,073 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
22 West Washington Street
Chicago, Illinois 60602
7
8
![]() | Objective |
![]() | Principal Strategies and Policies |
n | Under normal market conditions, expectations are to adjust the investments in underlying funds to achieve a mix over time of approximately 70% of assets in equities and 30% of assets in fixed-income, which may include bonds, cash, cash equivalents and other money market instruments. These percentages may vary at different times. |
n | Allocation of assets among the underlying funds is based on such things as prudent diversification principles, general market outlooks (both domestic and global), historical performance, global markets’ current valuations, and other global economic factors. |
n | The fund may periodically adjust its allocations to favor investments in those underlying funds that it believes will provide the most favorable outlook for achieving its investment objective. |
n | The fund may also invest directly in U.S. government securities and/or short-term commercial paper. |
![]() | List of Underlying Funds |
n | Transamerica AllianceBernstein International Value |
n | Transamerica American Century Large Company Value |
n | Transamerica Balanced |
n | Transamerica Bjurman, Barry Micro Emerging Growth |
n | Transamerica BlackRock Global Allocation |
n | Transamerica BlackRock Large Cap Value |
n | Transamerica BlackRock Natural Resources |
n | Transamerica BNY Mellon Market Neutral Strategy |
n | Transamerica Clarion Global Real Estate Securities |
n | Transamerica Convertible Securities |
n | Transamerica Equity |
n | Transamerica Evergreen Health Care |
n | Transamerica Evergreen International Small Cap |
n | Transamerica Federated Market Opportunity |
n | Transamerica Flexible Income |
n | Transamerica Growth Opportunities |
n | Transamerica High Yield Bond |
n | Transamerica Jennison Growth |
n | Transamerica JPMorgan International Bond |
n | Transamerica JPMorgan Mid Cap Value |
n | Transamerica Legg Mason Partners Investors Value |
n | Transamerica Loomis Sayles Bond |
n | Transamerica MFS International Equity |
n | Transamerica Marsico Growth |
n | Transamerica Marsico International Growth |
n | Transamerica Money Market |
n | Transamerica Neuberger Berman International |
n | Transamerica Oppenheimer Developing Markets |
n | Transamerica Oppenheimer Small- & Mid-Cap Value |
n | Transamerica PIMCO Real Return TIPS |
n | Transamerica PIMCO Total Return |
n | Transamerica Schroders International Small Cap |
n | Transamerica Science & Technology |
n | Transamerica Short-Term Bond |
n | Transamerica Small/Mid Cap Value |
n | Transamerica Third Avenue Value |
n | Transamerica Thornburg International Value |
n | Transamerica UBS Dynamic Alpha |
n | Transamerica UBS Large Cap Value |
n | Transamerica Value Balanced |
n | Transamerica Van Kampen Emerging Markets Debt |
n | Transamerica Van Kampen Mid-Cap Growth |
n | Transamerica Van Kampen Small Company Growth |
n | Transamerica WMC Emerging Markets |
![]() | Principal Risks |
n | Market |
9
n | Asset Allocation |
n | Underlying Funds |
n | Stocks |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 |
n | 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 |
n | 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. |
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | Investment Companies |
10
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677763.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 6/30/2003 | 13 | .35% | ||||||||
Worst Quarter: | 12/31/2008 | (17 | .63)% | ||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (36 | .44)% | (1 | .23)% | 0 | .14% | ||||||||||||
Return after taxes on distributions3 | (37 | .07)% | (2 | .12)% | (0 | .59)% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (23 | .47)% | (1 | .24)% | (0 | .07)% | ||||||||||||
Class B (Return before taxes only) | (36 | .41)% | (0 | .92)% | 0 | .31% | ||||||||||||
Class C (Return before taxes only) | (33 | .84)% | (0 | .72)% | 3 | .44% | ||||||||||||
Class R (Return before taxes only) | (32 | .84)% | N/A | (7 | .85)% | |||||||||||||
Wilshire 5000 Index (reflects no deduction for fees, expenses or taxes) | (37 | .33)% | (1 | .67)% | (0 | .14)% | ||||||||||||
BCUSA Index (secondary) (reflects no deduction for fees, expenses or taxes) | 5 | .24% | 4 | .65% | 5 | .21% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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 R commenced operations on June 15, 2006. |
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. |
![]() | Fees and Expenses |
Shareholder fees (fees paid directly from your investment) | ||||||||||||||||||||||
Class of Shares | ||||||||||||||||||||||
A | B | C | R | |||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | None | |||||||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | None | ||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | ||||||||||||||||||||||
Class of Shares | ||||||||||||||||||||||
A | B | C | R | |||||||||||||||||||
Management fees | 0 | .10% | 0 | .10% | 0 | .10% | 0 | .10% | ||||||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | 0 | .50% | ||||||||||||||
Other expenses | 0 | .15% | 0 | .17% | 0 | .13% | 0 | .16% | ||||||||||||||
Acquired Fund Fees and Expenses (fees and expenses of underlying funds) | 0 | .88% | 0 | .88% | 0 | .88% | 0 | .88% | ||||||||||||||
Total annual fund operating expensesf | 1 | .48% | 2 | .15% | 2 | .11% | 1 | .64% | ||||||||||||||
Expense reductione | 0 | .00% | 0 | .00% | 0 | .00% | 0 | .00% | ||||||||||||||
Net operating expensesf | 1 | .48% | 2 | .15% | 2 | .11% | 1 | .64% | ||||||||||||||
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. |
11
b | Purchases of Class B shares are subject to a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008, restated to reflect deduction of distribution and service (“12b-1”) fees from the fund’s assets only, and not (in part) from the assets of the underlying funds. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 0.45%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and 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 0.45%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and expenses. |
f | Fund operating expenses do not correlate to the ratios of expenses to average net assets in the financial highlights table, which do not include acquired (i.e., underlying) funds’ fees and expenses. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 692 | $ | 992 | $ | 1,314 | $ | 2,221 | ||||||||||
B† | $ | 718 | $ | 973 | $ | 1,254 | $ | 2,313 | ||||||||||
C | $ | 314 | $ | 661 | $ | 1,134 | $ | 2,441 | ||||||||||
R | $ | 167 | $ | 517 | $ | 892 | $ | 1,944 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 692 | $ | 992 | $ | 1,314 | $ | 2,221 | ||||||||||
B† | $ | 218 | $ | 673 | $ | 1,154 | $ | 2,313 | ||||||||||
C | $ | 214 | $ | 661 | $ | 1,134 | $ | 2,441 | ||||||||||
R | $ | 167 | $ | 517 | $ | 892 | $ | 1,944 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
22 West Washington Street
Chicago, Illinois 60602
12
13
![]() | Objective |
![]() | Principal Strategies and Policies |
n | Under normal market conditions, expectations are to adjust the investments in underlying funds to achieve a mix over time of approximately 50% of assets in equities and 50% of assets in fixed income, which may include bonds, cash, cash equivalents, and other money market instruments. These percentages may vary at different times. |
n | Allocation of assets among the underlying funds is based on such things as prudent diversification principles, general market outlooks (both domestic and global), historical performance, global markets’ current valuations, and other global economic factors. |
n | The fund may periodically adjust its allocations to favor investments in those underlying funds that it believes will provide the most favorable outlook for achieving its investment objective. |
n | The fund may also invest directly in U.S. government securities and/or short-term commercial paper. |
![]() | List of Underlying Funds |
n | Transamerica AllianceBernstein International Value |
n | Transamerica American Century Large Company Value |
n | Transamerica Balanced |
n | Transamerica Bjurman, Barry Micro Emerging Growth |
n | Transamerica BlackRock Global Allocation |
n | Transamerica BlackRock Large Cap Value |
n | Transamerica BlackRock Natural Resources |
n | Transamerica BNY Mellon Market Neutral Strategy |
n | Transamerica Clarion Global Real Estate Securities |
n | Transamerica Convertible Securities |
n | Transamerica Equity |
n | Transamerica Evergreen Health Care |
n | Transamerica Evergreen International Small Cap |
n | Transamerica Federated Market Opportunity |
n | Transamerica Flexible Income |
n | Transamerica Growth Opportunities |
n | Transamerica High Yield Bond |
n | Transamerica Jennison Growth |
n | Transamerica JPMorgan International Bond |
n | Transamerica JPMorgan Mid Cap Value |
n | Transamerica Legg Mason Partners Investors Value |
n | Transamerica Loomis Sayles Bond |
n | Transamerica MFS International Equity |
n | Transamerica Marsico Growth |
n | Transamerica Marsico International Growth |
n | Transamerica Money Market |
n | Transamerica Neuberger Berman International |
n | Transamerica Oppenheimer Developing Markets |
n | Transamerica Oppenheimer Small- & Mid-Cap Value |
n | Transamerica PIMCO Real Return TIPS |
n | Transamerica PIMCO Total Return |
n | Transamerica Schroders International Small Cap |
n | Transamerica Science & Technology |
n | Transamerica Short-Term Bond |
n | Transamerica Small/Mid Cap Value |
n | Transamerica Third Avenue Value |
n | Transamerica Thornburg International Value |
n | Transamerica UBS Dynamic Alpha |
n | Transamerica UBS Large Cap Value |
n | Transamerica Value Balanced |
n | Transamerica Van Kampen Emerging Markets Debt |
n | Transamerica Van Kampen Mid-Cap Growth |
n | Transamerica Van Kampen Small Company Growth |
n | Transamerica WMC Emerging Markets |
![]() | Principal Risks |
n | Market |
14
n | Asset Allocation |
n | Underlying Funds |
n | Stocks |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 |
n | 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 |
n | 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. |
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | Investment Companies |
15
![]() | Past Performance |
![(Bar Chart)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677732.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 6/30/2003 | 11 | .74% | ||||||||
Worst Quarter: | 12/31/2008 | (13 | .46)% | ||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (30 | .42)% | (0 | .33)% | 1 | .16% | ||||||||||||
Return after taxes on distributions3 | (31 | .39)% | (1 | .51)% | 0 | .15% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (19 | .61)% | (0 | .68)% | 0 | .61% | ||||||||||||
Class B (Return before taxes only) | (30 | .40)% | (0 | .01)% | 1 | .32% | ||||||||||||
Class C (Return before taxes only) | (27 | .55)% | 0 | .21% | 3 | .83% | ||||||||||||
Class R (Return before taxes only) | (26 | .52)% | N/A | (5 | .40)% | |||||||||||||
Wilshire 5000 Index (reflects no deduction for fees, expenses or taxes) | (37 | .33)% | (1 | .67)% | (0 | .14)% | ||||||||||||
BCUSA Index (secondary) (reflects no deduction for fees, expenses or taxes) | 5 | .24% | 4 | .65% | 5 | .21% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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 R commenced operations on June 15, 2006. |
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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||
Class of Shares | ||||||||||||||||||||||
A | B | C | R | |||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | None | |||||||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | None | ||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | ||||||||||||||||||||||
Class of Shares | ||||||||||||||||||||||
A | B | C | R | |||||||||||||||||||
Management fees | 0 | .10% | 0 | .10% | 0 | .10% | 0 | .10% | ||||||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | 0 | .50% | ||||||||||||||
Other expenses | 0 | .14% | 0 | .15% | 0 | .11% | 0 | .27% | ||||||||||||||
Acquired Fund Fees and Expenses (fees and expenses of underlying funds) | 0 | .85% | 0 | .85% | 0 | .85% | 0 | .85% | ||||||||||||||
Total annual fund operating expensesf | 1 | .44% | 2 | .10% | 2 | .06% | 1 | .72% | ||||||||||||||
Expense reductione | 0 | .00% | 0 | .00% | 0 | .00% | 0 | .00% | ||||||||||||||
Net operating expensesf | 1 | .44% | 2 | .10% | 2 | .06% | 1 | .72% | ||||||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
16
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008, restated to reflect deduction of distribution and service (“12b-1”) fees from the fund’s assets only, and not (in part) from the assets of the underlying funds. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 0.45%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and 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 0.45%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and expenses. |
f | Fund operating expenses do not correlate to the ratios of expenses to average net assets in the financial highlights table, which do not include acquired (i.e., underlying) funds’ fees and expenses. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 689 | $ | 980 | $ | 1,294 | $ | 2,179 | ||||||||||
B† | $ | 713 | $ | 958 | $ | 1,229 | $ | 2,263 | ||||||||||
C | $ | 309 | $ | 646 | $ | 1,108 | $ | 2,390 | ||||||||||
R | $ | 175 | $ | 542 | $ | 933 | $ | 2,030 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 689 | $ | 980 | $ | 1,294 | $ | 2,179 | ||||||||||
B† | $ | 213 | $ | 658 | $ | 1,129 | $ | 2,263 | ||||||||||
C | $ | 209 | $ | 646 | $ | 1,108 | $ | 2,390 | ||||||||||
R | $ | 175 | $ | 542 | $ | 933 | $ | 2,030 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
22 West Washington Street
Chicago, Illinois 60602
17
18
![]() | Objective |
![]() | Principal Strategies and Policies |
n | Under normal market conditions, expectations are to adjust the investments in underlying funds to achieve a mix over time of approximately 35% of assets in equities and 65% of assets in fixed-income, which may include bonds, cash, cash equivalents, and other money market instruments. These percentages may vary at different times. |
n | Allocation of assets among the underlying funds is based on such things as prudent diversification principles, general market outlooks (both domestic and global), historical performance, global markets’ current valuations, and other global economic factors. |
n | The fund may periodically adjust its allocations to favor investments in those underlying funds that it believes will provide the most favorable outlook for achieving its investment objective. |
n | The fund may also invest directly in U.S. government securities and/or short-term commercial paper. |
![]() | List of Underlying Funds |
n | Transamerica AllianceBernstein International Value |
n | Transamerica American Century Large Company Value |
n | Transamerica Balanced |
n | Transamerica Bjurman, Barry Micro Emerging Growth |
n | Transamerica BlackRock Global Allocation |
n | Transamerica BlackRock Large Cap Value |
n | Transamerica BlackRock Natural Resources |
n | Transamerica BNY Mellon Market Neutral Strategy |
n | Transamerica Clarion Global Real Estate Securities |
n | Transamerica Convertible Securities |
n | Transamerica Equity |
n | Transamerica Evergreen Health Care |
n | Transamerica Evergreen International Small Cap |
n | Transamerica Federated Market Opportunity |
n | Transamerica Flexible Income |
n | Transamerica Growth Opportunities |
n | Transamerica High Yield Bond |
n | Transamerica Jennison Growth |
n | Transamerica JPMorgan International Bond |
n | Transamerica JPMorgan Mid Cap Value |
n | Transamerica Legg Mason Partners Investors Value |
n | Transamerica Loomis Sayles Bond |
n | Transamerica MFS International Equity |
n | Transamerica Marsico Growth |
n | Transamerica Marsico International Growth |
n | Transamerica Money Market |
n | Transamerica Neuberger Berman International |
n | Transamerica Oppenheimer Developing Markets |
n | Transamerica Oppenheimer Small- & Mid-Cap Value |
n | Transamerica PIMCO Real Return TIPS |
n | Transamerica PIMCO Total Return |
n | Transamerica Schroders International Small Cap |
n | Transamerica Science & Technology |
n | Transamerica Short-Term Bond |
n | Transamerica Small/Mid Cap Value |
n | Transamerica Third Avenue Value |
n | Transamerica Thornburg International Value |
n | Transamerica Value Balanced |
n | Transamerica UBS Dynamic Alpha |
n | Transamerica UBS Large Cap Value |
n | Transamerica Van Kampen Emerging Markets Debt |
n | Transamerica Van Kampen Mid-Cap Growth |
n | Transamerica Van Kampen Small Company Growth |
n | Transamerica WMC Emerging Markets |
![]() | Principal Risks |
n | Market |
19
n | Asset Allocation |
n | Underlying Funds |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 |
n | 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 |
n | 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. |
n | Stocks |
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | Investment Companies |
20
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677761.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 6/30/2003 | 9 | .83% | ||||||||
Worst Quarter: | 12/31/2008 | (10 | .98)% | ||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (26 | .01)% | (0 | .09)% | 1 | .79% | ||||||||||||
Return after taxes on distributions3 | (27 | .15)% | (1 | .57)% | 0 | .49% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (16 | .77)% | (0 | .67)% | 0 | .96% | ||||||||||||
Class B (Return before taxes only) | (25 | .89)% | 0 | .24% | 1 | .96% | ||||||||||||
Class C (Return before taxes only) | (22 | .84)% | 0 | .42% | 3 | .63% | ||||||||||||
Class R (Return before taxes only) | (21 | .70)% | N/A | (3 | .84)% | |||||||||||||
BCUSA Index (reflects no deduction for fees, expenses or taxes) | 5 | .24% | 4 | .65% | 5 | .21% | ||||||||||||
Wilshire 5000 Index (secondary) (reflects no deduction for fees, expenses or taxes) | (37 | .33)% | (1 | .67)% | (0 | .14)% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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 R commenced operations on June 15, 2006. |
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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||
Class of Shares | ||||||||||||||||||||||
A | B | C | R | |||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | None | |||||||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | None | ||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | ||||||||||||||||||||||
Class of Shares | ||||||||||||||||||||||
A | B | C | R | |||||||||||||||||||
Management fees | 0 | .10% | 0 | .10% | 0 | .10% | 0 | .10% | ||||||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | 0 | .50% | ||||||||||||||
Other expenses | 0 | .17% | 0 | .14% | 0 | .12% | 0 | .22% | ||||||||||||||
Acquired Fund Fees and Expenses (fees and expenses of underlying funds) | 0 | .81% | 0 | .81% | 0 | .81% | 0 | .81% | ||||||||||||||
Total annual fund operating expensesf | 1 | .43% | 2 | .05% | 2 | .03% | 1 | .63% | ||||||||||||||
Expense reductione | 0 | .00% | 0 | .00% | 0 | .00% | 0 | .00% | ||||||||||||||
Net operating expensesf | 1 | .43% | 2 | .05% | 2 | .03% | 1 | .63% | ||||||||||||||
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 a 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). |
21
c | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008, restated to reflect deduction of distribution and service (“12b-1”) fees from the fund’s assets only, and not (in part) from the assets of the underlying funds. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 0.45%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and 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 0.45%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and expenses. |
f | Fund operating expenses do not correlate to the ratios of expenses to average net assets in the financial highlights table, which do not include acquired (i.e., underlying) funds’ fees and expenses. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 688 | $ | 978 | $ | 1,289 | $ | 2,169 | ||||||||||
B† | $ | 708 | $ | 943 | $ | 1,203 | $ | 2,220 | ||||||||||
C | $ | 306 | $ | 637 | $ | 1,093 | $ | 2,358 | ||||||||||
R | $ | 166 | $ | 514 | $ | 887 | $ | 1,933 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 688 | $ | 978 | $ | 1,289 | $ | 2,169 | ||||||||||
B† | $ | 208 | $ | 643 | $ | 1,103 | $ | 2,220 | ||||||||||
C | $ | 206 | $ | 637 | $ | 1,093 | $ | 2,358 | ||||||||||
R | $ | 166 | $ | 514 | $ | 887 | $ | 1,933 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
22 West Washington Street
Chicago, Illinois 60602
22
23
![]() | Objective |
![]() | Principal Strategies and Policies |
n | Under normal market conditions, the fund expects to invest primarily in underlying funds that use alternative investment strategies and invest in alternative asset classes, including but not limited to: |
n | Long-short and market neutral strategies; | |
n | Bear-market strategies; | |
n | Tactical investment strategies (bond and/or equity); | |
n | Foreign currency trading strategies; | |
n | Real estate securities; | |
n | Commodities and/or natural resources and/or precious metals; and | |
n | Non-traditional investments (such as micro-cap stocks and emerging market equities). |
n | Allocation of assets among the underlying funds is intended to achieve moderate capital appreciation with limited volatility and correlation with the mainstream equity and bond markets. |
n | The fund seeks to periodically and gradually adjust its allocations to favor investments in those underlying funds that are expected to provide the most favorable outlook for achieving its investment objective. |
n | The fund may also invest directly in U.S. government securities and/or short-term commercial paper. |
![]() | List of Underlying Funds |
n | Transamerica Bjurman, Barry Micro Emerging Growth |
n | Transamerica BlackRock Global Allocation |
n | Transamerica BlackRock Natural Resources |
n | Transamerica BNY Mellon Market Neutral Strategy |
n | Transamerica Clarion Global Real Estate Securities |
n | Transamerica Evergreen International Small Cap |
n | Transamerica Federated Market Opportunity |
n | Transamerica JPMorgan International Bond |
n | Transamerica Loomis Sayles Bond |
n | Transamerica Money Market |
n | Transamerica Oppenheimer Developing Markets |
n | Transamerica Schroders International Small Cap |
n | Transamerica Third Avenue Value |
n | Transamerica UBS Dynamic Alpha |
n | Transamerica WMC Emerging Markets |
![]() | Principal Risks |
n | Market |
n | Derivatives |
24
n | Real Estate Securities |
n | declining real estate value |
n | risks relating to general and local economic conditions |
n | over-building |
n | increased competition for assets in local and regional markets |
n | increases in property taxes |
n | increases in operating expenses or interest rates |
n | change in neighborhood value or the appeal of properties to tenants |
n | insufficient levels of occupancy |
n | inadequate rents to cover operating expenses |
n | Asset Allocation |
n | Underlying Funds |
n | Stocks |
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | Investment Companies |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 | |
n | 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 |
25
n | 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. |
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677739.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 9/30/2007 | 3 | .12% | ||||||||
Worst Quarter: | 12/31/2008 | (10 | .35)% | ||||||||
Life of | ||||||||||||
1 Year | Fund2 | |||||||||||
Class A | ||||||||||||
Return before taxes | (23 | .56)% | (9 | .98)% | ||||||||
Return after taxes on distributions3 | (24 | .29)% | (10 | .79)% | ||||||||
Return after taxes on distributions and sale of fund shares3 | (15 | .03)% | (8 | .77)% | ||||||||
Class C (Return before taxes only) | (20 | .36)% | (7 | .98)% | ||||||||
ML 3-Month T-Bill Index (reflects no deduction for fees, expenses or taxes) | 5 | .16% | 6 | .67% | ||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. After-tax returns are presented for only one class and returns for other classes will vary. |
2 | The fund commenced operations on December 28, 2006. |
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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | ||||||||||||
Class of Shares | ||||||||||||
A | C | |||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | |||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 1 | ..00%b | |||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)c | ||||||||||||
Class of Shares | ||||||||||||
A | C | |||||||||||
Management fees | 0 | .20% | 0 | .20% | ||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | ||||||||
Other expenses | 0 | .22% | 0 | .23% | ||||||||
Acquired Fund Fees and Expenses (fees and expenses of underlying funds) | 1 | .09% | 1 | .09% | ||||||||
Total annual fund operating expensese | 1 | .86% | 2 | .52% | ||||||||
Expense reductiond | 0 | .00% | 0 | .00% | ||||||||
Net operating expensese | 1 | .86% | 2 | .52% | ||||||||
26
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 C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
c | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008, restated to reflect deduction of distribution and service (“12b-1”) fees from the fund’s assets only, and not (in part) from the assets of the underlying funds. |
d | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent such expenses exceed 0.55%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and 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 0.55%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and expenses. |
e | Fund operating expenses do not correlate to the ratios of expenses to average net assets in the financial highlights table, which do not include acquired (i.e., underlying) funds’ fees and expenses. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 729 | $ | 1,103 | $ | 1,501 | $ | 2,610 | ||||||||||
C | $ | 355 | $ | 785 | $ | 1,340 | $ | 2,856 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 729 | $ | 1,103 | $ | 1,501 | $ | 2,610 | ||||||||||
C | $ | 255 | $ | 785 | $ | 1,340 | $ | 2,856 | ||||||||||
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
First $500 million | 0.20% | |||
Over $500 million up to $1 billion | 0.19% | |||
Over $1 billion | 0.18% |
22 West Washington Street
Chicago, Illinois 60602
First $500 million | 0.20% | |||
Over $500 million up to $1 billion | 0.19% | |||
Over $1 billion | 0.18% |
27
28
![]() | Objective |
![]() | Principal Strategies and Policies |
n | Under normal market conditions, the fund expects to invest primarily in underlying funds that invest primarily in international (developed and emerging markets) equities. The underlying funds generally expect to be invested in more than three different countries. |
n | Allocation of assets among the underlying funds is based on such things as prudent diversification principles, general market outlooks (both domestic and global), historical performance, global markets’ current valuations, and other global economic factors. |
n | The fund seeks to periodically adjust its allocations to favor investments in those underlying funds that it believes will provide the most favorable outlook for achieving its investment objective. |
n | The fund may also invest directly in U.S. government securities and/or short-term commercial paper. |
![]() | List of Underlying Funds |
n | Transamerica AllianceBernstein International Value |
n | Transamerica BlackRock Global Allocation |
n | Transamerica Clarion Global Real Estate Securities |
n | Transamerica Evergreen International Small Cap |
n | Transamerica Federated Market Opportunity |
n | Transamerica MFS International Equity |
n | Transamerica Marsico International Growth |
n | Transamerica Neuberger Berman International |
n | Transamerica Oppenheimer Developing Markets |
n | Transamerica Schroders International Small Cap |
n | Transamerica Thornburg International Value |
n | Transamerica UBS Dynamic Alpha |
n | Transamerica WMC Emerging Markets |
![]() | Principal Risks |
n | Market |
n | Asset Allocation |
n | Underlying Funds |
29
n�� | Stocks |
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | Emerging Markets |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 | |
n | 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 |
n | 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. |
n | Investment Companies |
30
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677738.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 6/30/2007 | 7 | .71% | ||||||||
Worst Quarter: | 12/31/2008 | (22 | .43)% | ||||||||
Life of | ||||||||||||
1 Year | Fund2 | |||||||||||
Class A | ||||||||||||
Return before taxes | (48 | .12)% | (12 | .98)% | ||||||||
Return after taxes on distributions3 | (48 | .20)% | (13 | .60)% | ||||||||
Return after taxes on distributions and sale of fund shares3 | (31 | .22)% | (10 | .79)% | ||||||||
Class B (Return before taxes only) | (48 | .25)% | (12 | .73)% | ||||||||
Class C (Return before taxes only) | (46 | .03)% | (11 | .81)% | ||||||||
MSCIW ex-U.S. Index (reflects no deduction for fees, expenses or taxes) | (43 | .23)% | (9 | .07)% | ||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. After tax returns are presented for only one class and returns for other classes will vary. |
2 | The fund commenced operations on March 1, 2006. |
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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | |||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | ||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets)d | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Management fees | 0 | .10% | 0 | .10% | 0 | .10% | |||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | |||||||||||
Other expenses | 0 | .20% | 0 | .32% | 0 | .21% | |||||||||||
Acquired Fund Fees and Expenses (fees and expenses of underlying funds) | 1 | .10% | 1 | .10% | 1 | .10% | |||||||||||
Total annual fund operating expensesf | 1 | .75% | 2 | .52% | 2 | .41% | |||||||||||
Expense reductione | 0 | .00% | 0 | .00% | 0 | .00% | |||||||||||
Net operating expensesf | 1 | .75% | 2 | .52% | 2 | .41% | |||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008, restated to reflect deduction of distribution and service (“12b-1”) fees from the fund’s assets only, and not (in part) from the assets of the underlying funds. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent such expenses exceed 0.45%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and 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 annual operating expenses are less than 0.45%, excluding 12b-1 fees, extraordinary expenses and acquired (i.e., underlying) funds’ fees and expenses. This fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
f | Fund operating expenses do not correlate to the ratios of expenses to average net assets in the financial highlights table, which do not include acquired (i.e., underlying) funds’ fees and expenses. |
31
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 718 | $ | 1,071 | $ | 1,447 | $ | 2,499 | ||||||||||
B† | $ | 755 | $ | 1,085 | $ | 1,440 | $ | 2,667 | ||||||||||
C | $ | 344 | $ | 751 | $ | 1,285 | $ | 2,746 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 718 | $ | 1,071 | $ | 1,447 | $ | 2,499 | ||||||||||
B† | $ | 255 | $ | 785 | $ | 1,340 | $ | 2,667 | ||||||||||
C | $ | 244 | $ | 751 | $ | 1,285 | $ | 2,746 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
22 West Washington Street
Chicago, Illinois 60602
32
33
![]() | Objective |
![]() | Principal Strategies and Policies |
n | low market valuations measured by ClearBridge’s valuation models. |
n | positive changes in earnings prospects because of factors such as: |
n | new, improved or unique products and services | |
n | new or rapidly expanding markets for the company’s products | |
n | new management | |
n | changes in the economic, financial, regulatory or political environment particularly affecting the company | |
n | effective research, product development and marketing | |
n | a business strategy not yet recognized by the marketplace |
![]() | Principal Risks |
n | Market |
n | Stocks |
34
n | Preferred Stock |
n | Convertible Securities |
n | Value Investing |
n | Derivatives |
n | Small- or Medium-Sized Companies |
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | Non-Diversification |
35
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677710.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 6/30/2003 | 22 | .99% | ||||||||
Worst Quarter: | 12/31/2008 | (23 | .77)% | ||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (41 | .33)% | (4 | .78)% | 2 | .03% | ||||||||||||
Return after taxes on distributions3 | (41 | .47)% | (5 | .59)% | 1 | .37% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (26 | .67)% | (3 | .66)% | 1 | .81% | ||||||||||||
Class B (Return before taxes only) | (41 | .45)% | (4 | .52)% | 2 | .07% | ||||||||||||
Class C (Return before taxes only) | (38 | .91)% | (4 | .32)% | 1 | .84% | ||||||||||||
Russell 3000® Index (reflects no deduction for fees, expenses or taxes) | (37 | .31)% | (1 | .95)% | (0 | .78)% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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, 1999. 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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | |||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | ||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Management fees | 0 | .80% | 0 | .80% | 0 | .80% | |||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | |||||||||||
Other expenses | 0 | .44% | 0 | .44% | 0 | .35% | |||||||||||
Total annual fund operating expenses | 1 | .59% | 2 | .24% | 2 | .15% | |||||||||||
Expense reductione | 0 | .04% | 0 | .04% | 0 | .00% | |||||||||||
Net operating expenses | 1 | .55% | 2 | .20% | 2 | .15% | |||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
36
e | Contractual arrangements have been made with the fund’s investment adviser Transamerica Asset Management, Inc. (“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 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. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 699 | $ | 1,021 | $ | 1,364 | $ | 2,332 | ||||||||||
B† | $ | 723 | $ | 996 | $ | 1,296 | $ | 2,408 | ||||||||||
C | $ | 318 | $ | 673 | $ | 1,154 | $ | 2,483 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 699 | $ | 1,021 | $ | 1,364 | $ | 2,332 | ||||||||||
B† | $ | 223 | $ | 696 | $ | 1,196 | $ | 2,408 | ||||||||||
C | $ | 218 | $ | 673 | $ | 1,154 | $ | 2,483 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
First $500 million | 0.80% | |||
Over $500 million | 0.675% |
620 Eighth Avenue
New York, New York 10018
First $100 million | 0.425% | |||
Over $100 million up to $500 million | 0.40% | |||
Over $500 million | 0.35% |
37
![]() | Objective |
![]() | Principal Strategies and Policies |
n | equity securities |
n | shareholder-oriented management |
n | dominance in market share |
n | cost production advantages |
n | leading brands |
n | self-financed growth |
n | attractive reinvestment opportunities |
![]() | Principal Risks |
n | Market |
n | Stocks |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 |
n | 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 |
n | 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. |
38
n | Derivatives |
n | Growth Stocks |
n | Small- or Medium-Sized Companies |
n | Foreign Securities |
n | changes in currency values |
n | currency speculation |
n | currency trading costs |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political instability and small markets |
n | different market trading days |
n | Currency |
n | Focused Investing |
39
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677705.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 12/31/2001 | 12 | .85% | ||||||||
Worst Quarter: | 12/31/2008 | (24 | .04)% | ||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (48 | .45)% | (3 | .18)% | (5 | .40)% | ||||||||||||
Return after taxes on distributions3 | (48 | .45)% | (3 | .25)% | (5 | .44)% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (31 | .49)% | (2 | .66)% | (4 | .42)% | ||||||||||||
Class B (Return before taxes only) | (48 | .59)% | (3 | .00)% | (5 | .44)% | ||||||||||||
Class C (Return before taxes only) | (46 | .39)% | (2 | .75)% | 2 | .26% | ||||||||||||
Class T (Return before taxes only) | (49 | .84)% | N/A | (21 | .11)% | |||||||||||||
Russell 1000® Growth Index (reflects no deduction for fees, expenses or taxes) | (38 | .44)% | (3 | .42)% | (7 | .85)% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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, 2000. Class C commenced operations on November 11, 2002. Class T commenced operations on October 27, 2006. |
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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||
Class of Shares | ||||||||||||||||||||||
A | B | C | T* | |||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | 8 | .50% | ||||||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | None | ||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | ||||||||||||||||||||||
Class of Shares | ||||||||||||||||||||||
A | B | C | T* | |||||||||||||||||||
Management fees | 0 | .72% | 0 | .72% | 0 | .72% | 0 | .72% | ||||||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | 0 | .00% | ||||||||||||||
Other expenses | 0 | .32% | 0 | .49% | 0 | .32% | 0 | .17% | ||||||||||||||
Total annual fund operating expenses | 1 | .39% | 2 | .21% | 2 | .04% | 0 | .89% | ||||||||||||||
Expense reductione | 0 | .00% | 0 | .04% | 0 | .00% | 0 | .00% | ||||||||||||||
Net operating expenses | 1 | .39% | 2 | .17% | 2 | .04% | 0 | .89% | ||||||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based upon the fund’s expenses for the fiscal year ended October 31, 2008. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”) through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.17%, 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 1.17%, excluding 12b-1 fees and extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
* | Not available to new investors. |
40
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 684 | $ | 996 | $ | 1,269 | $ | 2,127 | ||||||||||
B† | $ | 720 | $ | 987 | $ | 1,281 | $ | 2,334 | ||||||||||
C | $ | 307 | $ | 640 | $ | 1,098 | $ | 2,369 | ||||||||||
T | $ | 933 | $ | 1,110 | $ | 1,301 | $ | 1,853 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 684 | $ | 996 | $ | 1,269 | $ | 2,127 | ||||||||||
B† | $ | 220 | $ | 687 | $ | 1,181 | $ | 2,334 | ||||||||||
C | $ | 207 | $ | 640 | $ | 1,098 | $ | 2,369 | ||||||||||
T | $ | 933 | $ | 1,110 | $ | 1,301 | $ | 1,853 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
First $500 million | 0.75% | |||
Over $500 million up to $2.5 billion | 0.70% | |||
Over $2.5 billion | 0.65% |
11111 Santa Monica Blvd., Suite 820
Los Angeles, California 90025
First $500 million | 0.35% | |||
Over $500 million up to $2.5 billion | 0.30% | |||
Over $2.5 billion | 0.25% |
Portfolio Manager (lead)
Portfolio Manager (co)
41
Portfolio Manager (co)
Portfolio Manager (co)
Portfolio Manager (co)
Portfolio Manager (co)
42
![]() | Objective |
![]() | Principal Strategies and Policies |
n | 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 |
n | strong potential for steady growth |
n | high barriers to competition |
n | experienced management incentivized along shareholder interests |
![]() | Principal Risks |
n | Market |
n | Stocks |
n | Growth Stocks |
n | Preferred Stocks |
43
n | Warrants and Rights |
n | Convertible Securities |
n | Value Investing |
n | Derivatives |
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | Small- or Medium-Sized Companies |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | prepayment or call risk: declining interest rates may cause issuers of securities held by the fund to pay principal earlier |
44
than scheduled or to exercise a right to call the securities, forcing the fund to reinvest in lower yielding securities |
n | 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 |
n | 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. |
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677712.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 12/31/2001 | 23 | .35% | ||||||||
Worst Quarter: | 3/31/2001 | (34 | .23)% | ||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (44 | .44)% | (1 | .37)% | (5 | .95)% | ||||||||||||
Return after taxes on distributions3 | (44 | .44)% | (1 | .37)% | (5 | .95)% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (28 | .89)% | (1 | .16)% | (4 | .86)% | ||||||||||||
Class B (Return before taxes only) | (44 | .53)% | (1 | .28)% | (6 | .02)% | ||||||||||||
Class C (Return before taxes only) | (42 | .17)% | (0 | .98)% | 3 | .66% | ||||||||||||
Russell Midcap® Growth Index (reflects no deduction for fees, expenses or taxes) | (44 | .32)% | (2 | .33)% | (6 | .81)% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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, 2000. 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. |
45
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | |||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | ||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Management fees | 0 | .79% | 0 | .79% | 0 | .79% | |||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | |||||||||||
Other expenses | 0 | .67% | 0 | .67% | 0 | .55% | |||||||||||
Total annual fund operating expenses | 1 | .81% | 2 | .46% | 2 | .34% | |||||||||||
Expense reductione | 0 | .06% | 0 | .06% | 0 | .00% | |||||||||||
Net operating expenses | 1 | .75% | 2 | .40% | 2 | .34% | |||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based upon the fund’s expenses for the fiscal year ended October 31, 2008. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”) through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.40%, 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 1.40%, excluding 12b-1 fees and extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 718 | $ | 1,083 | $ | 1,471 | $ | 2,555 | ||||||||||
B† | $ | 743 | $ | 1,061 | $ | 1,405 | $ | 2,632 | ||||||||||
C | $ | 337 | $ | 730 | $ | 1,250 | $ | 2,676 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 718 | $ | 1,083 | $ | 1,471 | $ | 2,555 | ||||||||||
B† | $ | 243 | $ | 761 | $ | 1,305 | $ | 2,632 | ||||||||||
C | $ | 237 | $ | 730 | $ | 1,250 | $ | 2,676 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
First $250 million | 0.80% | |||
Over $250 million up to $500 million | 0.75% | |||
Over $500 million | 0.70% |
11111 Santa Monica Blvd., Suite 820
Los Angeles, California 90025
First $100 million | 0.40% | |||
Over $100 million | 0.35% |
46
Portfolio Manager (lead)
Portfolio Manager (lead)
47
![]() | Objective |
![]() | Principal Strategies and Policies |
![]() | Principal Risks |
n | Market |
n | Stocks |
n | Small- or Medium-Sized Companies |
n | Value Investing |
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
48
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | Emerging Markets |
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677731.gif)
Class A Shares: | Quarter Ended | Return | |||||||||
Best Quarter: | 6/30/2003 | 30 | .88% | ||||||||
Worst Quarter: | 9/30/2002 | (26 | .15)% | ||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (42 | .28)% | 2 | .14% | 6 | .02% | ||||||||||||
Return after taxes on distributions3 | (42 | .52)% | 0 | .78% | 5 | .10% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (27 | .18)% | 1 | .76% | 5 | .20% | ||||||||||||
Class B (Return before taxes only) | (42 | .27)% | 2 | .43% | 6 | .07% | ||||||||||||
Class C (Return before taxes only) | (39 | .87)% | 2 | .57% | 9 | .57% | ||||||||||||
Russell 2500® Value Index (reflects no deduction for fees, expenses or taxes) | (31 | .99)% | (0 | .15)% | 4 | .93% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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 April 2, 2001. 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. |
49
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | |||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | ||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Management fees | 0 | .78% | 0 | .78% | 0 | .78% | |||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | |||||||||||
Other expenses | 0 | .28% | 0 | .29% | 0 | .26% | |||||||||||
Total annual fund operating expenses | 1 | .41% | 2 | .07% | 2 | .04% | |||||||||||
Expense reductione | 0 | .00% | 0 | .00% | 0 | .00% | |||||||||||
Net operating expenses | 1 | .41% | 2 | .07% | 2 | .04% | |||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.40%, 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 on any day the estimated annualized fund operating expenses are less than 1.40% excluding 12b-1 fees and extraordinary expenses. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 686 | $ | 972 | $ | 1,279 | $ | 2,148 | ||||||||||
B† | $ | 710 | $ | 949 | $ | 1,214 | $ | 2,231 | ||||||||||
C | $ | 307 | $ | 640 | $ | 1,098 | $ | 2,369 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 686 | $ | 972 | $ | 1,279 | $ | 2,148 | ||||||||||
B† | $ | 210 | $ | 649 | $ | 1,114 | $ | 2,231 | ||||||||||
C | $ | 207 | $ | 640 | $ | 1,098 | $ | 2,369 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
First $500 million | 0.80% | |||
Over $500 million | 0.75% |
11111 Santa Monica Blvd., Suite 820
Los Angeles, California 90025
First $500 million | 0.375% | |||
Over $500 million | 0.325% |
50
Portfolio Manager (lead)
Portfolio Manager (lead)
Portfolio Manager (co)
51
![]() | Objective |
![]() | Principal Strategies and Policies |
n | convertible securities |
![]() | Principal Risks |
n | Market |
n | Convertible Securities |
n | Stocks |
n | Derivatives |
52
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 |
n | 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 |
n | 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. |
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677781.gif)
53
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 6/30/2003 | 11 | .89% | ||||||||
Worst Quarter: | 12/31/2008 | (17 | .71)% | ||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (39 | .09)% | (1 | .37)% | 1 | .70% | ||||||||||||
Return after taxes on distributions3 | (39 | .45)% | (3 | .33)% | (0 | .07)% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (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% | ||||||||||||
MLUSCI (reflects no deduction for fees, expenses or taxes) | (35 | .74)% | (3 | .44)% | 0 | .29% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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. |
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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 4 | .75% | None | None | |||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | ||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Management fees | 0 | .75% | 0 | .75% | 0 | .75% | |||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | |||||||||||
Other expenses | 0 | .23% | 0 | .27% | 0 | .19% | |||||||||||
Total annual fund operating expenses | 1 | .33% | 2 | .02% | 1 | .94% | |||||||||||
Expense reductione | 0 | .00% | 0 | .00% | 0 | .00% | |||||||||||
Net operating expenses | 1 | .33% | 2 | .02% | 1 | .94% | |||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 604 | $ | 876 | $ | 1,169 | $ | 2,000 | ||||||||||
B† | $ | 705 | $ | 934 | $ | 1,188 | $ | 2,171 | ||||||||||
C | $ | 297 | $ | 609 | $ | 1,047 | $ | 2,264 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 604 | $ | 876 | $ | 1,169 | $ | 2,000 | ||||||||||
B† | $ | 205 | $ | 634 | $ | 1,088 | $ | 2,171 | ||||||||||
C | $ | 197 | $ | 609 | $ | 1,047 | $ | 2,264 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
54
First $250 million | 0.75% | |||
Over $250 million | 0.70% |
11111 Santa Monica Blvd., Suite 820
Los Angeles, California 90025
Portfolio Manager (lead)
Portfolio Manager (lead)
55
![]() | Objective |
![]() | Principal Strategies and Policies |
![]() | Principal Risks |
n | Market |
n | Stocks |
n | Science and Technology Stocks |
n | Health Care Sector |
56
n | Growth Stocks |
n | Non-Diversification |
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677719.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 12/31/2001 | 35 | .04% | ||||||||
Worst Quarter: | 9/30/2001 | (34 | .51)% | ||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (52 | .03)% | (7 | .10)% | (14 | .72)% | ||||||||||||
Return after taxes on distributions3 | (52 | .03)% | (7 | .28)% | (14 | .82)% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (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% | ||||||||||||
Dow Jones U.S. Technology Index (reflects no deduction for fees, expenses, or taxes) | (42 | .85)% | (5 | .21)% | (13 | .81)% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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. |
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. |
57
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | |||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | ||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Management fees | 0 | .78% | 0 | .78% | 0 | .78% | |||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | |||||||||||
Other expenses | 0 | .57% | 0 | .75% | 0 | .53% | |||||||||||
Total annual fund operating expenses | 1 | .70% | 2 | .53% | 2 | .31% | |||||||||||
Expense reductione | 0 | .17% | 0 | .35% | 0 | .13% | |||||||||||
Net operating expenses | 1 | .53% | 2 | .18% | 2 | .18% | |||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 697 | $ | 1,041 | $ | 1,407 | $ | 2,435 | ||||||||||
B† | $ | 721 | $ | 1,054 | $ | 1,414 | $ | 2,635 | ||||||||||
C | $ | 321 | $ | 709 | $ | 1,223 | $ | 2,636 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 697 | $ | 1,041 | $ | 1,407 | $ | 2,435 | ||||||||||
B† | $ | 221 | $ | 754 | $ | 1,314 | $ | 2,635 | ||||||||||
C | $ | 221 | $ | 709 | $ | 1,223 | $ | 2,636 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
First $500 million | 0.78% | |||
Over $500 million | 0.70% |
11111 Santa Monica Blvd., Suite 820
Los Angeles, California 90025
First $250 million | 0.35% | |||
Over $250 million up to $500 million | 0.30% | |||
Over $500 million | 0.25% |
58
Portfolio Manager (lead)
Portfolio Manager (co)
Portfolio Manager (co)
Portfolio Manager (co)
59
![]() | Objective |
![]() | Principal Strategies and Policies |
n | Domestic Portfolio |
n | International Portfolio |
n | have their principal securities trading markets outside the U.S.; or |
n | derive 50% or more of their total revenue from either goods or services produced or sales made in markets outside the U.S.; or |
n | have 50% or more of their assets outside the U.S.; or |
n | are linked to non-U.S. dollar currencies; or |
n | are organized under the laws of, or with principal offices in, another country |
![]() | Principal Risks |
60
n | Market |
n | Stocks |
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | Growth Stocks |
n | Convertible Securities |
n | Smaller Companies |
n | Emerging Markets |
n | Derivatives |
61
n | Value Investing |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 |
n | 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 |
n | 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. |
n | Country, Sector or Industry Focus |
![]() | Past Performance |
62
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677780.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 12/31/1999 | 43 | .29% | ||||||||
Worst Quarter: | 12/31/2008 | (21 | .89)% | ||||||||
10 Years or | ||||||||||||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (46 | .67)% | (4 | .06)% | (2 | .87)% | ||||||||||||
Return after taxes on distributions3 | (46 | .76)% | (4 | .18)% | (3 | .11)% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (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% | ||||||||||||
MSCIW Index (reflects no deduction for fees, expenses or taxes) | (40 | .33)% | 0 | .00% | (0 | .19)% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||
Class of Shares | ||||||||||||||||||||||
A | B | C | ||||||||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | ||||||||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | |||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | ||||||||||||||||||||||
Class of Shares | ||||||||||||||||||||||
A | B | C | ||||||||||||||||||||
Management fees | 0 | .80% | 0 | .80% | 0 | .80% | ||||||||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | ||||||||||||||||
Other expenses | 0 | .46% | 0 | .64% | 0 | .46% | ||||||||||||||||
Total annual fund operating expenses | 1 | .61% | 2 | .44% | 2 | .26% | ||||||||||||||||
Expense reductione | 0 | .06% | 0 | .24% | 0 | .06% | ||||||||||||||||
Net operating expenses | 1 | .55% | 2 | .20% | 2 | .20% | ||||||||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. |
63
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 699 | $ | 1,025 | $ | 1,373 | $ | 2,351 | ||||||||||
B† | $ | 723 | $ | 1,038 | $ | 1,379 | $ | 2,553 | ||||||||||
C | $ | 323 | $ | 701 | $ | 1,205 | $ | 2,590 | ||||||||||
If the shares are not redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 699 | $ | 1,025 | $ | 1,373 | $ | 2,351 | ||||||||||
B† | $ | 223 | $ | 738 | $ | 1,279 | $ | 2,553 | ||||||||||
C | $ | 223 | $ | 701 | $ | 1,205 | $ | 2,590 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after you purchase them. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
First $500 million | 0.80% | |||
Over $500 million | 0.70% |
11111 Santa Monica Blvd., Suite 820
Los Angeles, California 90025
500 E. Broward Blvd, Suite 2100
Fort Lauderdale, FL 33394
First $500 million | 0.35% | |||
Over $500 million | 0.30% |
First $500 million | 0.40% | |||
Over $500 million up to $1.5 billion | 0.375% | |||
Over $1.5 billion | 0.35% |
Portfolio Manager (co)
64
![]() | Objective |
![]() | Principal Strategies and Policies |
n | Equity Investments |
n | the quality of the management team; |
n | the company’s ability to earn returns on capital in excess of the cost of capital; |
n | competitive barriers to entry; and |
n | the financial condition of the company. |
n | Fixed-Income Investments |
![]() | Principal Risks |
n | Market |
65
n | Stocks |
n | Growth Stocks |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 |
n | 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 |
n | 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. |
n | Derivatives |
n | Mortgage-Related Securities |
66
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | High-Yield Debt Securities |
n | Small- or Medium-Sized Companies |
![]() | Past Performance |
67
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677769.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 12/31/1999 | 14 | .82% | ||||||||
Worst Quarter: | 12/31/2008 | (16 | .46)% | ||||||||
10 Years or | ||||||||||||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (36 | .41)% | (1 | .95)% | 0 | .66% | ||||||||||||
Return after taxes on distributions3 | (37 | .30)% | (2 | .43)% | 0 | .07% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (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 (reflects no deduction for fees, expenses or taxes) | (37 | .00)% | (2 | .19)% | (1 | .38)% | ||||||||||||
BCUSA Index (reflects no deduction for fees, expenses or taxes) | 5 | .24% | 4 | .65% | 5 | .63% | ||||||||||||
Barclays Capital U.S. Government/Credit Bond Index (reflects no deduction for fees, expenses or taxes)4 | 5 | .70% | 4 | .64% | 5 | .64% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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 | 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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | |||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | ||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Management fees | 0 | .80% | 0 | .80% | 0 | .80% | |||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | |||||||||||
Other expenses | 0 | .37% | 0 | .35% | 0 | .28% | |||||||||||
Total annual fund operating expenses | 1 | .52% | 2 | .15% | 2 | .08% | |||||||||||
Expense reductione | 0 | .00% | 0 | .00% | 0 | .00% | |||||||||||
Net operating expenses | 1 | .52% | 2 | .15% | 2 | .08% | |||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. |
68
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 696 | $ | 1,004 | $ | 1,333 | $ | 2,263 | ||||||||||
B† | $ | 718 | $ | 973 | $ | 1,254 | $ | 2,323 | ||||||||||
C | $ | 311 | $ | 652 | $ | 1,119 | $ | 2,410 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 696 | $ | 1,004 | $ | 1,333 | $ | 2,263 | ||||||||||
B† | $ | 218 | $ | 673 | $ | 1,154 | $ | 2,323 | ||||||||||
C | $ | 211 | $ | 652 | $ | 1,119 | $ | 2,410 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
First $250 million | 0.80% | |||
Over $250 million up to $500 million | 0.75% | |||
Over $500 million up to $1.5 billion | 0.70% | |||
Over $1.5 billion | 0.625% |
11111 Santa Monica Blvd., Suite 820
Los Angeles, California 90025
First $250 million | 0.35% | |||
Over $250 million up to $500 million | 0.325% | |||
Over $500 million up to $1.5 billion | 0.30% | |||
Over $1.5 billion | 0.25% |
Portfolio Manager (lead-equity)
Portfolio Manager (lead-fixed income)
Portfolio Manager (co-fixed income)
Portfolio Manager (co-equity)
69
Portfolio Manager (co-equity)
Portfolio Manager (co-equity)
Portfolio Manager (co-fixed income)
Portfolio Manager (co-equity)
Portfolio Manager (co-fixed income)
70
![]() | Objective |
![]() | Principal Strategies and Policies |
n | domestic equities whose market capitalization generally exceeds $3 billion |
n | debt obligations of U.S. and foreign issuers, some of which will be convertible into common stocks |
n | U.S. Treasury bonds, notes and bills |
n | money market instruments |
n | mortgage-backed and asset-backed securities |
n | Equity Investments |
n | the quality of the management team; |
n | the company’s ability to earn returns on capital in excess of the cost of capital; |
n | competitive barriers to entry; and |
n | the financial condition of the company. |
n | Fixed-Income Investments |
![]() | Principal Risks |
n | Market |
71
n | Stocks |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 |
n | 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 |
n | 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. |
n | Derivatives |
n | Mortgage-Related Securities |
72
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | Emerging Markets |
n | High-Yield Debt Securities |
n | Small- or Medium-Sized Companies |
![]() | Past Performance |
73
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677715.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 6/30/2003 | 12 | .90% | ||||||||
Worst Quarter: | 12/31/2008 | (16 | .08)% | ||||||||
10 Years or | ||||||||||||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (35 | .32)% | (2 | .21)% | 0 | .05% | ||||||||||||
Return after taxes on distributions3 | (35 | .89)% | (3 | .06)% | (0 | .97)% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (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 (reflects no deduction for fees, expenses or taxes) | (36 | .85)% | (0 | .79)% | 1 | .36% | ||||||||||||
BCUSA Index (secondary) (reflects no deduction for fees, expenses or taxes) | 5 | .24% | 4 | .65% | 5 | .63% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. 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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5 | .50% | None | None | |||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | ||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Management fees | 0 | .75% | 0 | .75% | 0 | .75% | |||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | |||||||||||
Other expenses | 0 | .46% | 0 | .55% | 0 | .38% | |||||||||||
Total annual fund operating expenses | 1 | .56% | 2 | .30% | 2 | .13% | |||||||||||
Expense reductione | 0 | .01% | 0 | .10% | 0 | .00% | |||||||||||
Net operating expenses | 1 | .55% | 2 | .20% | 2 | .13% | |||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. |
74
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 699 | $ | 1,015 | $ | 1,352 | $ | 2,304 | ||||||||||
B† | $ | 723 | $ | 1,009 | $ | 1,321 | $ | 2,443 | ||||||||||
C | $ | 316 | $ | 667 | $ | 1,144 | $ | 2,462 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 699 | $ | 1,015 | $ | 1,352 | $ | 2,304 | ||||||||||
B† | $ | 223 | $ | 709 | $ | 1,221 | $ | 2,443 | ||||||||||
C | $ | 216 | $ | 667 | $ | 1,144 | $ | 2,462 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
First $500 million | 0.75% | |||
Over $500 million up to $1 billion | 0.65% | |||
Over $1 billion | 0.60% |
11111 Santa Monica Blvd., Suite 820
Los Angeles, California 90025
First $500 million | 0.35% | |||
Over $500 million up to $1 billion | 0.325% | |||
Over $1 billion | 0.30% |
Portfolio Manager (lead-fixed income)
Portfolio Manager (lead-equity)
Portfolio Manager (co-fixed income)
75
Portfolio Manager (co-equity)
Portfolio Manager (co-equity)
Portfolio Manager (co-equity)
76
![]() | Objective |
![]() | Principal Strategies and Policies |
n | high-yield/high-risk bonds (commonly known as “junk bonds”) |
![]() | Principal Risks |
n | Market |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
77
n | 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 |
n | 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 |
n | 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. |
n | High-Yield Debt Securities |
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677721.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 6/30/2003 | 7 | .12% | ||||||||
Worst Quarter: | 12/31/2008 | (16 | .73)% | ||||||||
10 Years or | ||||||||||||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (28 | .82)% | (2 | .59)% | 1 | .17% | ||||||||||||
Return after taxes on distributions3 | (30 | .96)% | (4 | .88)% | (1 | .37)% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (18 | .50)% | (3 | .27)% | (0 | .40)% | ||||||||||||
Class B (Return before taxes only) | (29 | .38)% | (2 | .49)% | 1 | .13% | ||||||||||||
Class C (Return before taxes only) | (26 | .52)% | (2 | .34)% | 1 | .43% | ||||||||||||
ML High Yield Index (reflects no deduction for fees, expenses or taxes) | (26 | .21)% | (0 | .84)% | 2 | .27% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a |
78
tax-exempt or tax-deferred account, such as a 401(k) plan. After-tax returns are presented for only one class and returns for other classes will vary. |
2 | Class A commenced operations on June 14, 1985. 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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 4 | .75% | None | None | |||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | ||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Management fees | 0 | .59% | 0 | .59% | 0 | .59% | |||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | |||||||||||
Other expenses | 0 | .22% | 0 | .26% | 0 | .21% | |||||||||||
Total annual fund operating expenses | 1 | .16% | 1 | .85% | 1 | .80% | |||||||||||
Expense reductione | 0 | .00% | 0 | .00% | 0 | .00% | |||||||||||
Net operating expenses | 1 | .16% | 1 | .85% | 1 | .80% | |||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc., (“TAM”) through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.24%, 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 1.24%, excluding 12b-1 fees and extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 588 | $ | 826 | $ | 1,083 | $ | 1,817 | ||||||||||
B† | $ | 688 | $ | 882 | $ | 1,101 | $ | 1,989 | ||||||||||
C | $ | 283 | $ | 566 | $ | 975 | $ | 2,116 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 588 | $ | 826 | $ | 1,083 | $ | 1,817 | ||||||||||
B† | $ | 188 | $ | 582 | $ | 1,001 | $ | 1,989 | ||||||||||
C | $ | 183 | $ | 566 | $ | 975 | $ | 2,116 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
First $400 million | 0.59% | |||
Over $400 million up to $750 million | 0.575% | |||
Over $750 million | 0.55% |
4333 Edgewood Road NE
Cedar Rapids, Iowa 52499-5338
79
First $400 million | 0.28% | |||
Over $400 million up to $750 million | 0.25% | |||
Over $750 million | 0.20% |
Senior Vice President — Portfolio Manager
Senior Vice President, Director — High Yield
High Yield Portfolio Manager
80
![]() | Objective |
![]() | Principal Strategies and Policies |
n | U.S. Government and foreign government bonds and notes (including emerging market countries); |
n | Mortgage-backed, commercial mortgage-backed, and asset-backed securities (including collateralized mortgage obligations); |
n | Corporate bonds of issuers in the U.S. and foreign countries (including emerging market countries); |
n | Convertible bonds and other convertible securities; |
n | Bank loans and loan participations: |
n | Structured notes; and |
n | Preferred securities. |
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; (see Appendix B of this prospectus for a description of these ratings); |
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. |
n | Short-Term Trading |
81
![]() | Principal Risks |
n | Market |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 |
n | 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 |
n | 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. |
n | Mortgage-Related Securities |
82
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Currency |
n | Emerging Markets |
n | Convertible Securities |
n | Loans |
n | Structured Notes |
n | Derivatives |
83
n | High-Yield Debt Securities |
n | Preferred Stock |
n | Stocks |
n | Warrants and Rights |
n | Active Trading |
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677720.gif)
84
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 9/30/2002 | 5 | .43% | ||||||||
Worst Quarter: | 12/31/2008 | (12 | .66)% | ||||||||
10 Years or | ||||||||||||||||||
Life of | ||||||||||||||||||
1 Year | 5 Years | Fund2 | ||||||||||||||||
Class A | ||||||||||||||||||
Return before taxes | (22 | .66)% | (2 | .70)% | 1 | .41% | ||||||||||||
Return after taxes on distributions3 | (24 | .20)% | (4 | .49)% | (0 | .52)% | ||||||||||||
Return after taxes on distributions and sale of fund shares3 | (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)% | ||||||||||||
BCUSA Index (reflects no deduction for fees, expenses or taxes) | 5 | .24% | 4 | .65% | 5 | .63% | ||||||||||||
Barclays Capital U.S. Government/Credit Bond Index (reflects no deduction for fees, expenses or taxes)4 | 5 | .70% | 4 | .64% | 5 | .64% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. After-tax returns are presented for only one class and returns for other classes will vary. |
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. |
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 | 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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 4 | .75% | None | None | |||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 5 | ..00%b | 1 | ..00%c | ||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)d | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Management fees | 0 | .71% | 0 | .71% | 0 | .71% | |||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | |||||||||||
Other expenses | 0 | .33% | 0 | .34% | 0 | .26% | |||||||||||
Total annual fund operating expenses | 1 | .39% | 2 | .05% | 1 | .97% | |||||||||||
Expense reductione | 0 | .00% | 0 | .00% | 0 | .00% | |||||||||||
Net operating expenses | 1 | .39% | 2 | .05% | 1 | .97% | |||||||||||
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 a 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 | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
d | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
e | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 610 | $ | 894 | $ | 1,199 | $ | 2,064 | ||||||||||
B† | $ | 708 | $ | 943 | $ | 1,203 | $ | 2,210 | ||||||||||
C | $ | 300 | $ | 618 | $ | 1,062 | $ | 2,296 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 610 | $ | 894 | $ | 1,199 | $ | 2,064 | ||||||||||
B† | $ | 208 | $ | 643 | $ | 1,103 | $ | 2,210 | ||||||||||
C | $ | 200 | $ | 618 | $ | 1,062 | $ | 2,296 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
85
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
First $250 million | 0.725% | |||
Over $250 million up to $350 million | 0.675% | |||
Over $350 million | 0.625% |
11111 Santa Monica Blvd., Suite 820
Los Angeles, California 90025
First $250 million | 0.30% | |||
Over $250 million up to $350 million | 0.25% | |||
Over $350 million | 0.20% |
Portfolio Manager (lead)
Portfolio Manager (lead)
Portfolio Manager (lead)
Portfolio Manager (co)
Portfolio Manager (co)
86
![]() | Objective |
![]() | Principal Strategies and Policies |
n | short-term and intermediate-term investment-grade corporate obligations |
n | obligations issued or guaranteed by the U.S. and foreign governments and their agencies and instrumentalities |
n | mortgage-backed securities |
n | asset-backed securities |
![]() | Principal Risks |
n | Market |
n | Fixed-Income Securities |
n | market risk: fluctuations in market value |
n | 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 |
n | 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 |
n | 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 |
n | 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. |
87
n | Mortgage-Related Securities |
n | Foreign Securities |
n | different accounting and reporting practices |
n | less information available to the public |
n | less (or different) regulation of securities markets |
n | more complex business negotiations |
n | less liquidity |
n | more fluctuations in prices |
n | delays in settling foreign securities transactions |
n | higher costs for holding shares (custodial fees) |
n | higher transaction costs |
n | vulnerability to seizure and taxes |
n | political or financial instability and small markets |
n | different market trading days |
n | Derivatives |
![]() | Past Performance |
88
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677797.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 3/31/2008 | 0 | .72% | ||||||||
Worst Quarter: | 12/31/2008 | (2 | .36)% | ||||||||
Life of | ||||||||||||
1 Year | Fund2 | |||||||||||
Class A | ||||||||||||
Return before taxes | (4 | .11)% | (3 | .36)% | ||||||||
Return after taxes on distributions3 | (5 | .43)% | (4 | .79)% | ||||||||
Return after taxes on distributions and sale of fund shares3 | (2 | .65)% | (3 | .65)% | ||||||||
Class C (Return before taxes only) | (3 | .30)% | (1 | .86)% | ||||||||
MLUSCG 1-3 Year Index (reflects no deduction for fees, expenses, or taxes) | 4 | .69% | 5 | .55% | ||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. After-tax returns are presented for only one class and returns for other classes will vary. |
2 | Class A and Class C commenced operations on November 1, 2007. |
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. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | ||||||||||||
Class of Shares | ||||||||||||
A | C | |||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 2 | .50% | None | |||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | Nonea | 1 | ..00%b | |||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)c | ||||||||||||
Class of Shares | ||||||||||||
A | C | |||||||||||
Management fees | 0 | .62% | 0 | .62% | ||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | ||||||||
Other expenses | 0 | .14% | 0 | .14% | ||||||||
Total annual fund operating expenses | 1 | .11% | 1 | .76% | ||||||||
Expense reductiond | 0 | .00% | 0 | .00% | ||||||||
Net operating expenses | 1 | .11% | 1 | .76% | ||||||||
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 C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
c | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
d | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent such expenses exceed 0.85%, excluding 12b-1 fees and certain 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 0.85% of average daily net assets, excluding 12b-1 fees and certain extraordinary expenses. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 360 | $ | 594 | $ | 846 | $ | 1,568 | ||||||||||
C | $ | 279 | $ | 554 | $ | 954 | $ | 2,073 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 360 | $ | 594 | $ | 846 | $ | 1,568 | ||||||||||
C | $ | 179 | $ | 554 | $ | 954 | $ | 2,073 | ||||||||||
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
89
First $250 million | 0.65% | |||
Over $250 million up to $500 million | 0.60% | |||
Over $500 million up to $1 billion | 0.575% | |||
Over $1 billion | 0.55% |
11111 Santa Monica Blvd., Suite 820
Los Angeles, California 90025
Up to $250 million | 0.25% | |||
Over $250 million up to $500 million | 0.20% | |||
From $500 million up to $1 billion | 0.175% | |||
Over $1 billion | 0.15% |
Portfolio Manager (lead)
Portfolio Manager (co)
90
![]() | Objective |
![]() | Principal Strategies and Policies |
n | short-term corporate obligations, including commercial paper, notes and bonds |
n | obligations issued or guaranteed by the U.S. and foreign governments and their agencies and instrumentalities |
n | obligations of U.S. and foreign banks, or their foreign branches, and U.S. savings banks |
n | repurchase agreements involving any of the securities mentioned above |
n | investing in securities which TIM believes present minimal credit risk; and |
n | maintaining the average maturity of obligations held in the fund’s portfolio at 90 days or less. |
![]() | Principal Risks |
n | Market |
n | Interest Rates |
n | Credit |
n | Bank Obligations |
n | Yield Fluctuation |
91
![]() | Past Performance |
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1677779.gif)
Class A Shares | Quarter Ended | Return | |||||||||
Best Quarter: | 9/30/2006 | 1 | .15% | ||||||||
Worst Quarter: | 9/30/2003 | 0 | .06% | ||||||||
Life of | ||||||||||||||||||
Return Before Taxes | 1 Year | 5 Years | Fund3 | |||||||||||||||
Class A | 1 | .98% | 2 | .77% | 2 | .16% | ||||||||||||
Class B | (3 | .69)% | 2 | .00% | 1 | .65% | ||||||||||||
Class C | 0 | .32% | 2 | .19% | 1 | .80% | ||||||||||||
1 | Call Customer Service (1-888-233-4339) for the current 7-day yield. |
2 | Actual returns may depend on the investor’s individual tax situation. |
3 | Class A and Class B commenced operations on March 1, 2002. Class C commenced operations on November 11, 2002. |
![]() | Fees and Expenses |
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Maximum sales charge (load) imposed on purchases (as a % of offering price) | None | None | None | ||||||||||||||
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | None | 5 | ..00%a | 1 | ..00%b | ||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from fund assets)c | |||||||||||||||||
Class of Shares | |||||||||||||||||
A | B | C | |||||||||||||||
Management fees | 0 | .40% | 0 | .40% | 0 | .40% | |||||||||||
Distribution and service (12b-1) fees | 0 | .35% | 1 | .00% | 1 | .00% | |||||||||||
Other expenses | 0 | .36% | 0 | .38% | 0 | .30% | |||||||||||
Total annual fund operating expenses | 1 | .11% | 1 | .78% | 1 | .70% | |||||||||||
Expense reductiond,e | 0 | .25% | 0 | .27% | 0 | .19% | |||||||||||
Net operating expenses | 0 | .86% | 1 | .51% | 1 | .51% | |||||||||||
a | Purchases of Class B shares are subject to a declining contingent deferred sales charge (“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). |
b | Purchases of Class C shares are subject to a 1% CDSC if redeemed during the first 12 months of purchase. |
c | Annual fund operating expenses are based upon the fund’s expenses for the fiscal year ended October 31, 2008, restated to include an adjustment of 0.03% for Class A, Class B and Class C as a result of the U.S. Treasury’s Temporary Guarantee Program for Money Market Funds (the “Program”). The Program expenses were incurred for the period September 19, 2008 through April 30, 2009, and are not covered by the contractual expense cap currently in effect. It is not currently known whether the Program will be extended or if the fund will continue to participate in the Program beyond April 30, 2009. |
d | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010 to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 0.48%, 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 0.48%, excluding 12b-1 fees and extraordinary expenses. |
e | In order to avoid a negative yield, TAM or any of its affiliates may waive fees or reimburse expenses of one or more classes of the fund. Any such waiver or expense reimbursement would be voluntary, could be |
92
discontinued at any time, and is subject in certain circumstances to reimbursement by the fund to TAM or its affiliates. There is no guarantee that the fund will be able to avoid a negative yield. |
If the shares are redeemed at the end of each period: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 88 | $ | 319 | $ | 571 | $ | 1,295 | ||||||||||
B† | $ | 654 | $ | 825 | $ | 1,024 | $ | 1,863 | ||||||||||
C | $ | 254 | $ | 508 | $ | 890 | $ | 1,960 | ||||||||||
If the shares are not redeemed: | ||||||||||||||||||
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||
A | $ | 88 | $ | 319 | $ | 571 | $ | 1,295 | ||||||||||
B† | $ | 154 | $ | 525 | $ | 924 | $ | 1,863 | ||||||||||
C | $ | 154 | $ | 508 | $ | 890 | $ | 1,960 | ||||||||||
† | Examples for Class B shares assume conversion to Class A shares eight years after purchase. |
![]() | Additional Information |
570 Carillon Parkway
St. Petersburg, Florida 33716-1202
11111 Santa Monica Blvd., Suite 820
Los Angeles, California 90025
93
Transamerica Asset Allocation — Growth Portfolio | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $15.46 | $13.44 | $11.99 | $10.75 | $9.82 | ||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.15 | 0.23 | 0.03 | 0.05 | (0.02) | ||||||||||
From net realized and unrealized gain (loss) on investments | (6.29) | 2.53 | 1.89 | 1.38 | 0.95 | ||||||||||
Total from investment operations | (6.14) | 2.76 | 1.92 | 1.43 | 0.93 | ||||||||||
Distributions | �� | ||||||||||||||
Net investment income | (0.02) | (0.29) | (0.11) | (0.12) | – | ||||||||||
Net realized gains on investments | (0.43) | (0.45) | (0.36) | (0.07) | – | ||||||||||
Total distributions | (0.45) | (0.74) | (0.47) | (0.19) | – | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $8.87 | $15.46 | $13.44 | $11.99 | $10.75 | ||||||||||
Total Return(c) | (40.75%) | 21.35% | 16.38% | 13.42% | 9.47% | ||||||||||
Net Assets End of Period | $ 495,257 | $ 781,872 | $ 502,488 | $ 286,412 | $ 171,708 | ||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 0.65% | 0.64% | 0.65% | 0.34% | 0.43%(g) | ||||||||||
Before reimbursement/fee waiver | 0.65% | 0.64% | 0.65% | 0.34% | 0.43%(g) | ||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 1.20% | 1.62% | 0.22% | 0.42% | (0.22%) | ||||||||||
Portfolio turnover rate | 12% | 18% | 22% | 35% | 5% | ||||||||||
94
Transamerica Asset Allocation — Growth Portfolio | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $15.13 | $13.17 | $11.77 | $10.57 | $9.71 | ||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.08 | 0.14 | (0.05) | (0.03) | (0.09) | ||||||||||
From net realized and unrealized gain (loss) on investments | (6.15) | 2.47 | 1.85 | 1.36 | 0.95 | ||||||||||
Total from investment operations | (6.07) | 2.61 | 1.80 | 1.33 | 0.86 | ||||||||||
Distributions | |||||||||||||||
Net investment income | – | (0.20) | (0.04) | (0.06) | – | ||||||||||
Net realized gains on investments | (0.43) | (0.45) | (0.36) | (0.07) | – | ||||||||||
Total distributions | (0.43) | (0.65) | (0.40) | (0.13) | – | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $8.63 | $15.13 | $13.17 | $11.77 | $10.57 | ||||||||||
Total Return(c) | (41.15%) | 20.54% | 15.57% | 12.55% | 8.96% | ||||||||||
Net Assets End of Period | $ 196,817 | $ 368,186 | $ 288,719 | $ 211,904 | $ 160,959 | ||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 1.30% | 1.29% | 1.31% | 0.99% | 1.05%(g) | ||||||||||
Before reimbursement/fee waiver | 1.30% | 1.29% | 1.31% | 0.99% | 1.05%(g) | ||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 0.67% | 1.02% | (0.42%) | (0.24%) | (0.82%) | ||||||||||
Portfolio turnover rate | 12% | 18% | 22% | 35% | 5% | ||||||||||
Transamerica Asset Allocation — Growth Portfolio | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $15.13 | $13.18 | $11.78 | $10.57 | $9.71 | ||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.08 | 0.14 | (0.05) | (0.02) | (0.08) | ||||||||||
From net realized and unrealized gain (loss) on investments | (6.14) | 2.48 | 1.85 | 1.37 | 0.94 | ||||||||||
Total from investment operations | (6.06) | 2.62 | 1.80 | 1.35 | 0.86 | ||||||||||
Distributions | |||||||||||||||
Net investment income | – | (0.22) | (0.04) | (0.07) | – | ||||||||||
Net realized gains on investments | (0.43) | (0.45) | (0.36) | (0.07) | – | ||||||||||
Total distributions | (0.43) | (0.67) | (0.40) | (0.14) | – | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $8.64 | $15.13 | $13.18 | $11.78 | $10.57 | ||||||||||
Total Return(c) | (41.08%) | 20.60% | 15.61% | 12.82% | 8.86% | ||||||||||
Net Assets End of Period | $ 751,881 | $ 1,270,635 | $ 876,768 | $ 528,211 | $ 356,543 | ||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 1.26% | 1.25% | 1.26% | 0.93% | 0.99%(g) | ||||||||||
Before reimbursement/fee waiver | 1.26% | 1.25% | 1.26% | 0.93% | 0.99%(g) | ||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 0.62% | 1.03% | (0.38%) | (0.17%) | (0.78%) | ||||||||||
Portfolio turnover rate | 12% | 18% | 22% | 35% | 5% | ||||||||||
95
Transamerica Asset Allocation — Growth Portfolio | |||||||||||||||
Class R | |||||||||||||||
October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(h) | |||||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $15.40 | $13.43 | $12.36 | ||||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.07 | 0.13 | 0.05 | ||||||||||||
From net realized and unrealized gain (loss) on investments | (6.20) | 2.60 | 1.02 | ||||||||||||
Total from investment operations | (6.13) | 2.73 | 1.07 | ||||||||||||
Distributions | |||||||||||||||
Net investment income | – | (0.31) | – | ||||||||||||
Net realized gains on investments | (0.43) | (0.45) | – | ||||||||||||
Total distributions | (0.43) | (0.76) | – | ||||||||||||
Net Asset Value | |||||||||||||||
End of period | $8.84 | $15.40 | $13.43 | ||||||||||||
Total Return(c) | (40.81%) | 21.20% | 8.66%(i) | ||||||||||||
Net Assets End of Period | $ 1,570 | $ 884 | $ 85 | ||||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 0.83% | 0.68% | 0.67%(j) | ||||||||||||
Before reimbursement/fee waiver | 0.83% | 0.68% | 0.67%(j) | ||||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 0.57% | 0.94% | 1.08%(j) | ||||||||||||
Portfolio turnover rate | 12% | 18% | 22%(i) | ||||||||||||
96
Transamerica Asset Allocation — Moderate Growth Portfolio | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $14.58 | $13.05 | $11.88 | $10.97 | $10.13 | ||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.26 | 0.33 | 0.15 | 0.16 | 0.05 | ||||||||||
From net realized and unrealized gain (loss) on investments | (5.04) | 1.86 | 1.53 | 1.00 | 0.87 | ||||||||||
Total from investment operations | (4.78) | 2.19 | 1.68 | 1.16 | 0.92 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.19) | (0.34) | (0.20) | (0.20) | (0.08) | ||||||||||
Net realized gains on investments | (0.41) | (0.32) | (0.31) | (0.05) | – | ||||||||||
Total distributions | (0.60) | (0.66) | (0.51) | (0.25) | (0.08) | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $9.20 | $14.58 | $13.05 | $11.88 | $10.97 | ||||||||||
Total Return(c) | (34.01%) | 17.48% | 14.59% | 10.69% | 9.09% | ||||||||||
Net Assets End of Period | $ 901,766 | $ 1,295,568 | $ 914,835 | $ 560,231 | $ 352,852 | ||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 0.60% | 0.60% | 0.61% | 0.28% | 0.32%(k) | ||||||||||
Before reimbursement/fee waiver | 0.60% | 0.60% | 0.61% | 0.28% | 0.32%(k) | ||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 2.12% | 2.42% | 1.17% | 1.37% | 0.45% | ||||||||||
Portfolio turnover rate | 13% | 19% | 21% | 26% | 3% | ||||||||||
Transamerica Asset Allocation — Moderate Growth Portfolio | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $14.45 | $12.94 | $11.80 | $10.90 | $10.09 | ||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.19 | 0.24 | 0.06 | 0.08 | (0.02) | ||||||||||
From net realized and unrealized gain (loss) on investments | (5.01) | 1.85 | 1.52 | 1.01 | 0.85 | ||||||||||
Total from investment operations | (4.82) | 2.09 | 1.58 | 1.09 | 0.83 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.10) | (0.26) | (0.13) | (0.14) | (0.02) | ||||||||||
Net realized gains on investments | (0.41) | (0.32) | (0.31) | (0.05) | – | ||||||||||
Total distributions | (0.51) | (0.58) | (0.44) | (0.19) | (0.02) | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $9.12 | $14.45 | $12.94 | $11.80 | $10.90 | ||||||||||
Total Return(c) | (34.44%) | 16.69% | 13.74% | 10.05% | 8.25% | ||||||||||
Net Assets End of Period | $ 389,429 | $ 651,359 | $ 549,040 | $ 428,677 | $ 333,533 | ||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 1.27% | 1.27% | 1.28% | 0.95% | 0.97%(k) | ||||||||||
Before reimbursement/fee waiver | 1.27% | 1.27% | 1.28% | 0.95% | 0.97%(k) | ||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 1.54% | 1.78% | 0.51% | 0.68% | (0.19%) | ||||||||||
Portfolio turnover rate | 13% | 19% | 21% | 26% | 3% | ||||||||||
97
Transamerica Asset Allocation — Moderate Growth Portfolio | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $14.45 | $12.95 | $11.80 | $10.91 | $10.09 | ||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.18 | 0.24 | 0.07 | 0.08 | (0.02) | ||||||||||
From net realized and unrealized gain (loss) on investments | (5.00) | 1.85 | 1.52 | 1.01 | 0.86 | ||||||||||
Total from investment operations | (4.82) | 2.09 | 1.59 | 1.09 | 0.84 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.11) | (0.27) | (0.13) | (0.15) | (0.02) | ||||||||||
Net realized gains on investments | (0.41) | (0.32) | (0.31) | (0.05) | – | ||||||||||
Total distributions | (0.52) | (0.59) | (0.44) | (0.20) | (0.02) | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $9.11 | $14.45 | $12.95 | $11.80 | $10.91 | ||||||||||
Total Return(c) | (34.44%) | 16.74% | 13.87% | 10.02% | 8.35% | ||||||||||
Net Assets End of Period | $ 1,455,012 | $ 2,098,087 | $ 1,520,489 | $ 981,156 | $ 675,562 | ||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 1.23% | 1.23% | 1.24% | 0.90% | 0.92%(k) | ||||||||||
Before reimbursement/fee waiver | 1.23% | 1.23% | 1.24% | 0.90% | 0.92%(k) | ||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 1.49% | 1.79% | 0.55% | 0.74% | (0.15%) | ||||||||||
Portfolio turnover rate | 13% | 19% | 21% | 26% | 3% | ||||||||||
Transamerica Asset Allocation — Moderate Growth Portfolio | |||||||||||||||
Class R | |||||||||||||||
October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(h) | |||||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $14.54 | $13.05 | $12.13 | ||||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.22 | 0.24 | 0.10 | ||||||||||||
From net realized and unrealized gain (loss) on investments | (5.00) | 1.93 | 0.82 | ||||||||||||
Total from investment operations | (4.78) | 2.17 | 0.92 | ||||||||||||
Distributions | |||||||||||||||
Net investment income | (0.17) | (0.36) | – | ||||||||||||
Net realized gains on investments | (0.41) | (0.32) | – | ||||||||||||
Total distributions | (0.58) | (0.68) | – | ||||||||||||
Net Asset Value | |||||||||||||||
End of period | $9.18 | $14.54 | $13.05 | ||||||||||||
Total Return(c) | (34.08%) | 17.31% | 7.58%(i) | ||||||||||||
Net Assets End of Period | $ 1,969 | $ 1,983 | $ 54 | ||||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 0.76% | 0.67% | 0.66%(j) | ||||||||||||
Before reimbursement/fee waiver | 0.76% | 0.67% | 0.66%(j) | ||||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 1.74% | 1.80% | 2.08%(j) | ||||||||||||
Portfolio turnover rate | 13% | 19% | 21%(i) | ||||||||||||
98
Transamerica Asset Allocation — Moderate Portfolio | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $13.69 | $12.64 | $11.78 | $11.23 | $10.42 | ||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.33 | 0.36 | 0.24 | 0.27 | 0.12 | ||||||||||
From net realized and unrealized gain (loss) on investments | (4.05) | 1.40 | 1.15 | 0.67 | 0.84 | ||||||||||
Total from investment operations | (3.72) | 1.76 | 1.39 | 0.94 | 0.96 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.28) | (0.37) | (0.28) | (0.33) | (0.15) | ||||||||||
Net realized gains on investments | (0.40) | (0.34) | (0.25) | (0.06) | – | ||||||||||
Total distributions | (0.68) | (0.71) | (0.53) | (0.39) | (0.15) | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $9.29 | $13.69 | $12.64 | $11.78 | $11.23 | ||||||||||
Total Return(c) | (28.41%) | 14.51% | 12.22% | 8.54% | 9.32% | ||||||||||
Net Assets End of Period | $ 545,646 | $ 665,013 | $ 471,902 | $ 329,797 | $ 232,748 | ||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 0.59% | 0.59% | 0.58% | 0.26% | 0.28% | ||||||||||
Before reimbursement/fee waiver | 0.59% | 0.59% | 0.58% | 0.26% | 0.28% | ||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 2.79% | 2.83% | 1.98% | 2.31% | 1.13% | ||||||||||
Portfolio turnover rate | 12% | 23% | 22% | 19% | 1% | ||||||||||
Transamerica Asset Allocation — Moderate Portfolio | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $13.59 | $12.55 | $11.70 | $11.16 | $10.37 | ||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.27 | 0.28 | 0.16 | 0.18 | 0.05 | ||||||||||
From net realized and unrealized gain (loss) on investments | (4.05) | 1.39 | 1.15 | 0.68 | 0.83 | ||||||||||
Total from investment operations | (3.78) | 1.67 | 1.31 | 0.86 | 0.88 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.18) | (0.28) | (0.21) | (0.26) | (0.09) | ||||||||||
Net realized gains on investments | (0.40) | (0.34) | (0.25) | (0.06) | – | ||||||||||
Total distributions | (0.58) | (0.62) | (0.46) | (0.32) | (0.09) | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $9.23 | $13.59 | $12.55 | $11.70 | $11.16 | ||||||||||
Total Return(c) | (28.87%) | 13.73% | 11.50% | 7.81% | 8.62% | ||||||||||
Net Assets End of Period | $ 223,209 | $ 357,175 | $ 336,385 | $ 295,649 | $ 261,772 | ||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 1.25% | 1.25% | 1.25% | 0.92% | 0.93% | ||||||||||
Before reimbursement/fee waiver | 1.25% | 1.25% | 1.25% | 0.92% | 0.93% | ||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 2.26% | 2.21% | 1.31% | 1.61% | 0.48% | ||||||||||
Portfolio turnover rate | 12% | 23% | 22% | 19% | 1% | ||||||||||
99
Transamerica Asset Allocation — Moderate Portfolio | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $13.58 | $12.55 | $11.70 | $11.17 | $10.37 | ||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.26 | 0.28 | 0.16 | 0.19 | 0.05 | ||||||||||
From net realized and unrealized gain (loss) on investments | (4.03) | 1.39 | 1.14 | 0.67 | 0.84 | ||||||||||
Total from investment operations | (3.77) | 1.67 | 1.30 | 0.86 | 0.89 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.20) | (0.30) | (0.21) | (0.27) | (0.09) | ||||||||||
Net realized gains on investments | (0.40) | (0.34) | (0.25) | (0.06) | – | ||||||||||
Total distributions | (0.60) | (0.64) | (0.46) | (0.33) | (0.09) | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $9.21 | $13.58 | $12.55 | $11.70 | $11.17 | ||||||||||
Total Return(c) | (28.87%) | 13.86% | 11.46% | 7.85% | 8.67% | ||||||||||
Net Assets End of Period | $ 876,977 | $ 1,159,220 | $ 905,061 | $ 678,783 | $ 518,527 | ||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 1.21% | 1.21% | 1.22% | 0.89% | 0.89% | ||||||||||
Before reimbursement/fee waiver | 1.21% | 1.21% | 1.22% | 0.89% | 0.89% | ||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 2.21% | 2.22% | 1.35% | 1.67% | 0.50% | ||||||||||
Portfolio turnover rate | 12% | 23% | 22% | 19% | 1% | ||||||||||
Transamerica Asset Allocation — Moderate Portfolio | |||||||||||||||
Class R | |||||||||||||||
October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(h) | |||||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $13.65 | $12.64 | $11.86 | ||||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.28 | 0.31 | 0.13 | ||||||||||||
From net realized and unrealized gain (loss) on investments | (4.02) | 1.42 | 0.65 | ||||||||||||
Total from investment operations | (3.74) | 1.73 | 0.78 | ||||||||||||
Distributions | |||||||||||||||
Net investment income | (0.23) | (0.38) | – | ||||||||||||
Net realized gains on investments | (0.40) | (0.34) | – | ||||||||||||
Total distributions | (0.63) | (0.72) | – | ||||||||||||
Net Asset Value | |||||||||||||||
End of period | $9.28 | $13.65 | $12.64 | ||||||||||||
Total Return(c) | (28.57%) | 14.31% | 6.58%(i) | ||||||||||||
Net Assets End of Period | $ 959 | $ 610 | $ 53 | ||||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 0.87% | 0.72% | 0.66%(j) | ||||||||||||
Before reimbursement/fee waiver | 0.87% | 0.72% | 0.66%(j) | ||||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 2.37% | 2.44% | 2.73%(j) | ||||||||||||
Portfolio turnover rate | 12% | 23% | 22%(i) | ||||||||||||
100
Transamerica Asset Allocation — Conservative Portfolio | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $12.40 | $11.76 | $11.35 | $11.07 | $10.67 | ||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.36 | 0.38 | 0.28 | 0.32 | 0.17 | ||||||||||
From net realized and unrealized gain (loss) on investments | (3.21) | 0.82 | 0.80 | 0.37 | 0.77 | ||||||||||
Total from investment operations | (2.85) | 1.20 | 1.08 | 0.69 | 0.94 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.32) | (0.24) | (0.35) | (0.22) | (0.51) | ||||||||||
Net realized gains on investments | (0.24) | (0.32) | (0.32) | (0.19) | (0.03) | ||||||||||
Total distributions | (0.56) | (0.56) | (0.67) | (0.41) | (0.54) | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $8.99 | $12.40 | $11.76 | $11.35 | $11.07 | ||||||||||
Total Return(c) | (23.86%) | 12.06% | 9.90% | 6.30% | 8.97% | ||||||||||
Net Assets End of Period | $ 268,516 | $ 242,342 | $ 165,071 | $ 129,724 | $ 99,811 | ||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 0.62% | 0.62% | 0.60% | 0.28% | 0.29%(k) | ||||||||||
Before reimbursement/fee waiver | 0.62% | 0.62% | 0.60% | 0.28% | 0.29%(k) | ||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 3.22% | 3.18% | 2.44% | 2.85% | 1.55% | ||||||||||
Portfolio turnover rate | 10% | 32% | 29% | 32% | 11% | ||||||||||
Transamerica Asset Allocation — Conservative Portfolio | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $12.36 | $11.73 | $11.32 | $11.05 | $10.66 | ||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.31 | 0.30 | 0.20 | 0.24 | 0.10 | ||||||||||
From net realized and unrealized gain (loss) on investments | (3.22) | 0.86 | 0.81 | 0.38 | 0.76 | ||||||||||
Total from investment operations | (2.91) | 1.16 | 1.01 | 0.62 | 0.86 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.24) | (0.21) | (0.28) | (0.16) | (0.44) | ||||||||||
Net realized gains on investments | (0.24) | (0.32) | (0.32) | (0.19) | (0.03) | ||||||||||
Total distributions | (0.48) | (0.53) | (0.60) | (0.35) | (0.47) | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $8.97 | $12.36 | $11.73 | $11.32 | $11.05 | ||||||||||
Total Return(c) | (24.36%) | 11.34% | 9.19% | 5.65% | 8.21% | ||||||||||
Net Assets End of Period | $ 93,268 | $ 116,569 | $ 110,701 | $ 106,449 | $ 106,601 | ||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 1.24% | 1.25% | 1.26% | 0.93% | 0.92%(k) | ||||||||||
Before reimbursement/fee waiver | 1.24% | 1.25% | 1.26% | 0.93% | 0.92%(k) | ||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 2.72% | 2.59% | 1.78% | 2.15% | 0.93% | ||||||||||
Portfolio turnover rate | 10% | 32% | 29% | 32% | 11% | ||||||||||
101
Transamerica Asset Allocation — Conservative Portfolio | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $12.35 | $11.73 | $11.32 | $11.05 | $10.66 | ||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.29 | 0.30 | 0.21 | 0.25 | 0.10 | ||||||||||
From net realized and unrealized gain (loss) on investments | (3.19) | 0.86 | 0.80 | 0.37 | 0.76 | ||||||||||
Total from investment operations | (2.90) | 1.16 | 1.01 | 0.62 | 0.86 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.25) | (0.22) | (0.28) | (0.16) | (0.44) | ||||||||||
Net realized gains on investments | (0.24) | (0.32) | (0.32) | (0.19) | (0.03) | ||||||||||
Total distributions | (0.49) | (0.54) | (0.60) | (0.35) | (0.47) | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $8.96 | $12.35 | $11.73 | $11.32 | $11.05 | ||||||||||
Total Return(c) | (24.30%) | 11.31% | 9.25% | 5.61% | 8.26% | ||||||||||
Net Assets End of Period | $ 364,153 | $ 336,981 | $ 257,675 | $ 208,959 | $ 182,112 | ||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 1.22% | 1.22% | 1.23% | 0.90% | 0.93%(k) | ||||||||||
Before reimbursement/fee waiver | 1.22% | 1.22% | 1.23% | 0.90% | 0.93%(k) | ||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 2.61% | 2.60% | 1.82% | 2.21% | 0.89% | ||||||||||
Portfolio turnover rate | 10% | 32% | 29% | 32% | 11% | ||||||||||
Transamerica Asset Allocation — Conservative Portfolio | |||||||||||||||
Class R | |||||||||||||||
October 31, | |||||||||||||||
2008 | October 31, 2007 | October 31, 2006(h) | |||||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $12.47 | $11.84 | $11.30 | ||||||||||||
Investment Operations | |||||||||||||||
From net investment income (loss)(a),(b) | 0.35 | 0.33 | 0.13 | ||||||||||||
From net realized and unrealized gain (loss) on investments | (3.23) | 0.85 | 0.47 | ||||||||||||
Total from investment operations | (2.88) | 1.18 | 0.60 | ||||||||||||
Distributions | |||||||||||||||
Net investment income | (0.30) | (0.23) | (0.06) | ||||||||||||
Net realized gains on investments | (0.24) | (0.32) | – | ||||||||||||
Total distributions | (0.54) | (0.55) | (0.06) | ||||||||||||
Net Asset Value | |||||||||||||||
End of period | $9.05 | $12.47 | $11.84 | ||||||||||||
Total Return(c) | (23.98%) | 11.89% | 5.35%(i) | ||||||||||||
Net Assets End of Period | $ 1,089 | $ 645 | $ 53 | ||||||||||||
Ratio and Supplemental Data | |||||||||||||||
Expenses to average net assets:(b),(d) | |||||||||||||||
After reimbursement/fee waiver | 0.82% | 0.86% | 0.66%(j) | ||||||||||||
Before reimbursement/fee waiver | 0.82% | 0.86% | 0.66%(j) | ||||||||||||
Net investment income (loss), to average net assets(b),(e),(f) | 3.14% | 2.71% | 3.03%(j) | ||||||||||||
Portfolio turnover rate | 10% | 32% | 29%(i) | ||||||||||||
102
Transamerica Multi-Manager Alternative Strategies Portfolio | ||||||||||||
Class A | ||||||||||||
October 31, | October 31, | |||||||||||
2008 | 2007(l) | |||||||||||
Net Asset Value | ||||||||||||
Beginning of period | $10.78 | $10.00 | ||||||||||
Investment Operations | ||||||||||||
From net investment income (loss)(a) | 0.20 | 0.05 | ||||||||||
From net realized and unrealized gain (loss) on investments | (2.43) | 0.73 | ||||||||||
Total from investment operations | (2.23) | 0.78 | ||||||||||
Distributions | ||||||||||||
Net investment income | (0.25) | – | ||||||||||
Net realized gains on investments | – | – | ||||||||||
Total distributions | (0.25) | – | ||||||||||
Net Asset Value | ||||||||||||
End of period | $8.30 | $10.78 | ||||||||||
Total Return(c) | (21.08%) | 7.80%(i) | ||||||||||
Net Assets End of Period | $ 97,482 | $ 38,870 | ||||||||||
Ratio and Supplemental Data | ||||||||||||
Expenses to average net assets:(d) | ||||||||||||
After reimbursement/fee waiver | 0.84%(o) | 0.90%(j) | ||||||||||
Before reimbursement/fee waiver | 0.84%(o) | 1.29%(j) | ||||||||||
Net investment income (loss), to average net assets(e),(f) | 1.98% | 0.58%(j) | ||||||||||
Portfolio turnover rate | 5% | –%(i),(m) | ||||||||||
Transamerica Multi-Manager Alternative Strategies Portfolio | ||||||||||||
Class C | ||||||||||||
October 31, | October 31, | |||||||||||
2008 | 2007(l) | |||||||||||
Net Asset Value | ||||||||||||
Beginning of period | $10.72 | $10.00 | ||||||||||
Investment Operations | ||||||||||||
From net investment income (loss)(a) | 0.15 | (0.01) | ||||||||||
From net realized and unrealized gain (loss) on investments | (2.42) | 0.73 | ||||||||||
Total from investment operations | (2.27) | 0.72 | ||||||||||
Distributions | ||||||||||||
Net investment income | (0.22) | – | ||||||||||
Net realized gains on investments | – | – | ||||||||||
Total distributions | (0.22) | – | ||||||||||
Net Asset Value | ||||||||||||
End of period | $8.23 | $10.72 | ||||||||||
Total Return(c) | (21.52%) | 7.20%(i) | ||||||||||
Net Assets End of Period | $ 89,701 | $ 49,306 | ||||||||||
Ratio and Supplemental Data | ||||||||||||
Expenses to average net assets:(d) | ||||||||||||
After reimbursement/fee waiver | 1.52%(o) | 1.55%(j) | ||||||||||
Before reimbursement/fee waiver | 1.52%(o) | 1.99%(j) | ||||||||||
Net investment income (loss), to average net assets(e),(f) | 1.53% | (0.07%)(j) | ||||||||||
Portfolio turnover rate | 5% | –%(i),(m) | ||||||||||
103
Transamerica Multi-Manager International Portfolio | |||||||||||||
Class A | |||||||||||||
October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006(n) | |||||||||||
Net Asset Value | |||||||||||||
Beginning of period | $13.24 | $10.63 | $10.00 | ||||||||||
Investment Operations | |||||||||||||
From net investment income (loss)(a) | 0.27 | 0.32 | (0.04) | ||||||||||
From net realized and unrealized gain (loss) on investments | (6.53) | 2.87 | 0.67 | ||||||||||
Total from investment operations | (6.26) | 3.19 | 0.63 | ||||||||||
Distributions | |||||||||||||
Net investment income | (0.32) | (0.58) | – | ||||||||||
Net realized gains on investments | (0.09) | – | – | ||||||||||
Total distributions | (0.41) | (0.58) | – | ||||||||||
Net Asset Value | |||||||||||||
End of period | $6.57 | $13.24 | $10.63 | ||||||||||
Total Return(c) | (48.61%) | 31.30% | 6.30%(i) | ||||||||||
Net Assets End of Period | $ 103,077 | $ 178,422 | $ 58,142 | ||||||||||
Ratio and Supplemental Data | |||||||||||||
Expenses to average net assets:(d) | |||||||||||||
After reimbursement/fee waiver | 0.65% | 0.65% | 0.80%(j) | ||||||||||
Before reimbursement/fee waiver | 0.65% | 0.65% | 0.88%(j) | ||||||||||
Net investment income (loss), to average net assets(e),(f) | 2.59% | 2.78% | (0.67%)(j) | ||||||||||
Portfolio turnover rate | 38% | 1% | 1%(i) | ||||||||||
Transamerica Multi-Manager International Portfolio | |||||||||||||
Class B | |||||||||||||
October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006(n) | |||||||||||
Net Asset Value | |||||||||||||
Beginning of period | $13.13 | $10.59 | $10.00 | ||||||||||
Investment Operations | |||||||||||||
From net investment income (loss)(a) | 0.21 | 0.23 | (0.09) | ||||||||||
From net realized and unrealized gain (loss) on investments | (6.50) | 2.86 | 0.68 | ||||||||||
Total from investment operations | (6.29) | 3.09 | 0.59 | ||||||||||
Distributions | |||||||||||||
Net investment income | (0.25) | (0.55) | – | ||||||||||
Net realized gains on investments | (0.09) | – | – | ||||||||||
Total distributions | (0.34) | (0.55) | – | ||||||||||
Net Asset Value | |||||||||||||
End of period | $6.50 | $13.13 | $10.59 | ||||||||||
Total Return(c) | (49.04%) | 30.32% | 5.90%(i) | ||||||||||
Net Assets End of Period | $ 15,781 | $ 30,060 | $ 9,849 | ||||||||||
Ratio and Supplemental Data | |||||||||||||
Expenses to average net assets:(d) | |||||||||||||
After reimbursement/fee waiver | 1.42% | 1.43% | 1.45%(j) | ||||||||||
Before reimbursement/fee waiver | 1.42% | 1.43% | 1.69%(j) | ||||||||||
Net investment income (loss), to average net assets(e),(f) | 1.95% | 1.98% | (1.32%)(j) | ||||||||||
Portfolio turnover rate | 38% | 1% | 1%(i) | ||||||||||
104
Transamerica Multi-Manager International Portfolio | |||||||||||||
Class C | |||||||||||||
October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006(n) | |||||||||||
Net Asset Value | |||||||||||||
Beginning of period | $13.13 | $10.58 | $10.00 | ||||||||||
Investment Operations | |||||||||||||
From net investment income (loss)(a) | 0.21 | 0.24 | (0.09) | ||||||||||
From net realized and unrealized gain (loss) on investments | (6.49) | 2.86 | 0.67 | ||||||||||
Total from investment operations | (6.28) | 3.10 | 0.58 | ||||||||||
Distributions | |||||||||||||
Net investment income | (0.26) | (0.55) | – | ||||||||||
Net realized gains on investments | (0.09) | – | – | ||||||||||
Total distributions | (0.35) | (0.55) | – | ||||||||||
Net Asset Value | |||||||||||||
End of period | $6.50 | $13.13 | $10.58 | ||||||||||
Total Return(c) | (48.98%) | 30.45% | 5.80%(i) | ||||||||||
Net Assets End of Period | $ 128,742 | $ 250,419 | $ 76,650 | ||||||||||
Ratio and Supplemental Data | |||||||||||||
Expenses to average net assets:(d) | |||||||||||||
After reimbursement/fee waiver | 1.31% | 1.31% | 1.45%(j) | ||||||||||
Before reimbursement/fee waiver | 1.31% | 1.31% | 1.53%(j) | ||||||||||
Net investment income (loss), to average net assets(e),(f) | 2.01% | 2.08% | (1.32%)(j) | ||||||||||
Portfolio turnover rate | 38% | 1% | 1%(i) | ||||||||||
105
Transamerica Legg Mason Partners All Cap | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $17.08 | $18.18 | $16.10 | $14.80 | $13.95 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.12 | 0.07 | 0.09 | 0.06 | (0.03) | ||||||||||
Net realized and unrealized gain (loss) on investments | (5.73) | 1.49 | 2.55 | 1.24 | 0.88 | ||||||||||
Total from investment operations | (5.61) | 1.56 | 2.64 | 1.30 | 0.85 | ||||||||||
Distributions | |||||||||||||||
Net investment income | – | (0.06) | (0.01) | –(p) | – | ||||||||||
Net realized gains on investments | (1.49) | (2.60) | (0.55) | – | – | ||||||||||
Total distributions | (1.49) | (2.66) | (0.56) | –(p) | – | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $9.98 | $17.08 | $18.18 | $16.10 | $14.80 | ||||||||||
Total Return(c) | (35.81%) | 9.27% | 16.74% | 8.79% | 6.09% | ||||||||||
Net Assets End of Period/Year | $ 28,237 | $ 49,938 | $ 55,622 | $ 173,929 | $ 438,047 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.55% | 1.55% | 1.55% | 1.32% | 1.33% | ||||||||||
Before reimbursement/fee waiver | 1.59% | 1.56% | 1.57% | 1.32% | 1.33% | ||||||||||
Net investment income (loss), to average net assets(e) | 0.85% | 0.42% | 0.52% | 0.36% | (0.17%) | ||||||||||
Portfolio turnover rate | 27% | 17% | 25% | 27% | 25% | ||||||||||
Transamerica Legg Mason Partners All Cap | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $16.01 | $17.24 | $15.39 | $14.27 | $13.53 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.02 | (0.03) | (0.03) | (0.09) | (0.11) | ||||||||||
Net realized and unrealized gain (loss) on investments | (5.30) | 1.40 | 2.43 | 1.21 | 0.85 | ||||||||||
Total from investment operations | (5.28) | 1.37 | 2.40 | 1.12 | 0.74 | ||||||||||
Distributions | |||||||||||||||
Net investment income | – | – | –(p) | – | – | ||||||||||
Net realized gains on investments | (1.49) | (2.60) | (0.55) | – | – | ||||||||||
Total distributions | (1.49) | (2.60) | (0.55) | – | – | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $9.24 | $16.01 | $17.24 | $15.39 | $14.27 | ||||||||||
Total Return(c) | (36.18%) | 8.57% | 15.97% | 7.84% | 5.48% | ||||||||||
Net Assets End of Period/Year | $ 33,670 | $ 88,268 | $ 109,567 | $ 123,494 | $ 150,829 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.20% | 2.19% | 2.20% | 2.19% | 1.97% | ||||||||||
Before reimbursement/fee waiver | 2.24% | 2.19% | 2.21% | 2.19% | 1.97% | ||||||||||
Net investment income (loss), to average net assets(e) | 0.20% | (0.22%) | (0.17%) | (0.58%) | (0.80%) | ||||||||||
Portfolio turnover rate | 27% | 17% | 25% | 27% | 25% | ||||||||||
106
Transamerica Legg Mason Partners All Cap | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $16.04 | $17.25 | $15.39 | $14.26 | $13.53 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.03 | (0.02) | (0.02) | (0.08) | (0.12) | ||||||||||
Net realized and unrealized gain (loss) on investments | (5.32) | 1.41 | 2.43 | 1.21 | 0.85 | ||||||||||
Total from investment operations | (5.29) | 1.39 | 2.41 | 1.13 | 0.73 | ||||||||||
Distributions | |||||||||||||||
Net investment income | – | – | –(p) | – | – | ||||||||||
Net realized gains on investments | (1.49) | (2.60) | (0.55) | – | – | ||||||||||
Total distributions | (1.49) | (2.60) | (0.55) | – | – | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $9.26 | $16.04 | $17.25 | $15.39 | $14.26 | ||||||||||
Total Return(c) | (36.17%) | 8.70% | 16.04% | 7.89% | 5.43% | ||||||||||
Net Assets End of Period/Year | $ 15,316 | $ 35,568 | $ 41,340 | $ 49,909 | $ 65,391 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.15% | 2.13% | 2.15% | 2.15% | 1.99% | ||||||||||
Before reimbursement/fee waiver | 2.15% | 2.13% | 2.15% | 2.15% | 1.99% | ||||||||||
Net investment income (loss), to average net assets(e) | 0.26% | (0.15%) | (0.12%) | (0.53%) | (0.83%) | ||||||||||
Portfolio turnover rate | 27% | 17% | 25% | 27% | 25% | ||||||||||
107
Transamerica Equity | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $12.07 | $9.83 | $8.87 | $7.44 | $6.86 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | (0.01) | (0.05) | (0.07) | (0.02) | (0.07) | ||||||||||
Net realized and unrealized gain (loss) on investments | (5.21) | 2.29 | 1.11 | 1.58 | 0.65 | ||||||||||
Total from investment operations | (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 | $6.85 | $12.07 | $9.83 | $8.87 | $7.44 | ||||||||||
Total Return(c) | (43.25%) | 22.79% | 11.71% | 21.16% | 8.45% | ||||||||||
Net Assets End of Period/Year | $ 300,140 | $ 532,251 | $ 500,483 | $ 301,635 | $ 176,851 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.39% | 1.40% | 1.51% | 1.36% | 1.50% | ||||||||||
Before reimbursement/fee waiver | 1.39% | 1.40% | 1.51% | 1.36% | 1.50% | ||||||||||
Net investment income (loss), to average net assets(e) | (0.07%) | (0.48%) | (0.70%) | (0.27%) | (0.90%) | ||||||||||
Portfolio turnover rate | 33% | 62% | 19% | 39% | 97% | ||||||||||
Transamerica Equity | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $11.39 | $9.35 | $8.49 | $7.19 | $6.68 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | (0.08) | (0.12) | (0.12) | (0.08) | (0.11) | ||||||||||
Net realized and unrealized gain (loss) on investments | (4.89) | 2.16 | 1.06 | 1.51 | 0.62 | ||||||||||
Total from investment operations | (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 | $6.42 | $11.39 | $9.35 | $8.49 | $7.19 | ||||||||||
Total Return(c) | (43.63%) | 21.82% | 11.06% | 20.03% | 7.68% | ||||||||||
Net Assets End of Period/Year | $ 59,479 | $ 191,007 | $ 222,144 | $ 49,865 | $ 47,928 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.17% | 2.17% | 2.17% | 2.18% | 2.20% | ||||||||||
Before reimbursement/fee waiver | 2.21% | 2.21% | 2.34% | 2.61% | 2.72% | ||||||||||
Net investment income (loss), to average net assets(e) | (0.87%) | (1.25%) | (1.34%) | (0.99%) | (1.62%) | ||||||||||
Portfolio turnover rate | 33% | 62% | 19% | 39% | 97% | ||||||||||
108
Transamerica Equity | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $11.42 | $9.37 | $8.50 | $7.20 | $6.68 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | (0.07) | (0.11) | (0.12) | (0.08) | (0.11) | ||||||||||
Net realized and unrealized gain (loss) on investments | (4.91) | 2.16 | 1.07 | 1.51 | 0.63 | ||||||||||
Total from investment operations | (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 | $6.44 | $11.42 | $9.37 | $8.50 | $7.20 | ||||||||||
Total Return(c) | (43.61%) | 21.88% | 11.16% | 20.05% | 7.78% | ||||||||||
Net Assets End of Period/Year | $ 46,676 | $ 101,226 | $ 97,047 | $ 23,656 | $ 21,808 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.04% | 2.07% | 2.10% | 2.18% | 2.20% | ||||||||||
Before reimbursement/fee waiver | 2.04% | 2.07% | 2.10% | 2.31% | 2.55% | ||||||||||
Net investment income (loss), to average net assets(e) | (0.72%) | (1.15%) | (1.27%) | (1.00%) | (1.63%) | ||||||||||
Portfolio turnover rate | 33% | 62% | 19% | 39% | 97% | ||||||||||
Transamerica Equity | |||||||||||||||
Class T | |||||||||||||||
October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(q) | |||||||||||||
Beginning of year | $33.53 | $27.18 | $27.10 | ||||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.12 | – | –(p) | ||||||||||||
Net realized and unrealized gain (loss) on investments | (14.51) | 6.35 | 0.08 | ||||||||||||
Total from investment operations | (14.39) | 6.35 | 0.08 | ||||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $19.14 | $33.53 | $27.18 | ||||||||||||
Total Return(c) | (42.92%) | 23.36% | 0.30%(i) | ||||||||||||
Net Assets End of Period/Year | $ 90,881 | $ 183,495 | $ 195,420 | ||||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 0.89% | 0.91% | 0.84%(j) | ||||||||||||
Before reimbursement/fee waiver | 0.89% | 0.91% | 0.84%(j) | ||||||||||||
Net investment income (loss), to average net assets(e) | 0.42% | 0.01% | (0.21%)(j) | ||||||||||||
Portfolio turnover rate | 33% | 62% | 19%(i) | ||||||||||||
109
Transamerica Growth Opportunities | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $11.40 | $8.36 | $7.85 | $6.61 | $5.95 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | (0.06) | (0.09) | (0.07) | (0.02) | (0.03) | ||||||||||
Net realized and unrealized gain (loss) on investments | (4.77) | 3.13 | 0.58 | 1.26 | 0.69 | ||||||||||
Total from investment operations | (4.83) | 3.04 | 0.51 | 1.24 | 0.66 | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $6.57 | $11.40 | $8.36 | $7.85 | $6.61 | ||||||||||
Total Return(c) | (42.37%) | 36.20% | 6.62% | 18.76% | 11.09% | ||||||||||
Net Assets End of Period/Year | $ 41,005 | $ 64,825 | $ 56,588 | $ 256,559 | $ 230,633 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.75% | 1.75% | 1.72% | 1.41% | 1.43% | ||||||||||
Before reimbursement/fee waiver | 1.81% | 1.77% | 1.72% | 1.41% | 1.43% | ||||||||||
Net investment income (loss), to average net assets(e) | (0.69%) | (1.00%) | (0.89%) | (0.30%) | (0.47%) | ||||||||||
Portfolio turnover rate | 45% | 85% | 59% | 34% | 43% | ||||||||||
Transamerica Growth Opportunities | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $10.72 | $7.92 | $7.48 | $6.37 | $5.79 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | (0.12) | (0.14) | (0.13) | (0.09) | (0.09) | ||||||||||
Net realized and unrealized gain (loss) on investments | (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 | $10.72 | $7.92 | $7.48 | $6.37 | ||||||||||
Total Return(c) | (42.82%) | 35.35% | 5.88% | 17.43% | 10.02% | ||||||||||
Net Assets End of Period/Year | $ 20,823 | $ 65,123 | $ 66,098 | $ 74,589 | $ 77,869 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.40% | 2.40% | 2.40% | 2.40% | 2.40% | ||||||||||
Before reimbursement/fee waiver | 2.46% | 2.45% | 2.46% | 2.61% | 2.64% | ||||||||||
Net investment income (loss), to average net assets(e) | (1.39%) | (1.66%) | (1.57%) | (1.29%) | (1.44%) | ||||||||||
Portfolio turnover rate | 45% | 85% | 59% | 34% | 43% | ||||||||||
110
Transamerica Growth Opportunities | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $10.74 | $7.94 | $7.49 | $6.38 | $5.79 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | (0.11) | (0.14) | (0.12) | (0.09) | (0.10) | ||||||||||
Net realized and unrealized gain (loss) on investments | (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 | $10.74 | $7.94 | $7.49 | $6.38 | ||||||||||
Total Return(c) | (42.64%) | 35.26% | 6.01% | 17.40% | 10.19% | ||||||||||
Net Assets End of Period/Year | $ 10,619 | $ 22,656 | $ 21,688 | $ 25,432 | $ 28,103 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.34% | 2.36% | 2.38% | 2.40% | 2.40% | ||||||||||
Before reimbursement/fee waiver | 2.34% | 2.36% | 2.38% | 2.54% | 2.65% | ||||||||||
Net investment income (loss), to average net assets(e) | (1.29%) | (1.61%) | (1.54%) | (1.29%) | (1.58%) | ||||||||||
Portfolio turnover rate | 45% | 85% | 59% | 34% | 43% | ||||||||||
111
Transamerica Small/Mid Cap Value | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $23.78 | $17.78 | $16.69 | $14.32 | $12.94 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.21 | 0.14 | 0.28 | 0.03 | 0.04 | ||||||||||
Net realized and unrealized gain (loss) on investments | (8.64) | 6.30 | 1.96 | 2.85 | 2.56 | ||||||||||
Total from investment operations | (8.43) | 6.44 | 2.24 | 2.88 | 2.60 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.16) | (0.13) | (0.03) | (0.09) | – | ||||||||||
Net realized gains on investments | (2.49) | (0.31) | (1.12) | (0.42) | (1.22) | ||||||||||
Total distributions | (2.65) | (0.44) | (1.15) | (0.51) | (1.22) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $12.70 | $23.78 | $17.78 | $16.69 | $14.32 | ||||||||||
Total Return(c) | (39.47%) | 36.99% | 13.97% | 20.41% | 20.61% | ||||||||||
Net Assets End of Period/Year | $ 199,210 | $ 96,667 | $ 47,014 | $ 386,346 | $ 334,763 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.41% | 1.41% | 1.39% | 1.24% | 1.32% | ||||||||||
Before reimbursement/fee waiver | 1.41% | 1.41% | 1.39% | 1.24% | 1.32% | ||||||||||
Net investment income (loss), to average net assets(e) | 1.18% | 0.71% | 1.61% | 0.20% | 0.31% | ||||||||||
Portfolio turnover rate | 48% | 22% | 21% | 42% | 81% | ||||||||||
Transamerica Small/Mid Cap Value | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $22.89 | $17.12 | $16.21 | $13.97 | $12.73 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.06 | 0.02 | (0.01) | (0.11) | (0.06) | ||||||||||
Net realized and unrealized gain (loss) on investments | (8.27) | 6.06 | 2.07 | 2.77 | 2.52 | ||||||||||
Total from investment operations | (8.21) | 6.08 | 2.06 | 2.66 | 2.46 | ||||||||||
Distributions | |||||||||||||||
Net investment income | – | – | (0.03) | – | – | ||||||||||
Net realized gains on investments | (2.49) | (0.31) | (1.12) | (0.42) | (1.22) | ||||||||||
Total distributions | (2.49) | (0.31) | (1.15) | (0.42) | (1.22) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $12.19 | $22.89 | $17.12 | $16.21 | $13.97 | ||||||||||
Total Return(c) | (39.85%) | 36.09% | 13.21% | 19.30% | 19.85% | ||||||||||
Net Assets End of Period/Year | $ 31,716 | $ 53,285 | $ 47,007 | $ 46,410 | $ 40,477 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.07% | 2.07% | 2.10% | 2.14% | 1.97% | ||||||||||
Before reimbursement/fee waiver | 2.07% | 2.07% | 2.10% | 2.14% | 1.97% | ||||||||||
Net investment income (loss), to average net assets(e) | 0.34% | 0.12% | (0.06%) | (0.70%) | (0.43%) | ||||||||||
Portfolio turnover rate | 48% | 22% | 21% | 42% | 81% | ||||||||||
112
Transamerica Small/Mid Cap Value | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $22.81 | $17.09 | $16.18 | $13.96 | $12.73 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.09 | 0.02 | –(p) | (0.12) | (0.01) | ||||||||||
Net realized and unrealized gain (loss) on investments | (8.24) | 6.05 | 2.06 | 2.77 | 2.46 | ||||||||||
Total from investment operations | (8.15) | 6.07 | 2.06 | 2.65 | 2.45 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.07) | (0.04) | (0.03) | (0.01) | – | ||||||||||
Net realized gains on investments | (2.49) | (0.31) | (1.12) | (0.42) | (1.22) | ||||||||||
Total distributions | (2.56) | (0.35) | (1.15) | (0.43) | (1.22) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $12.10 | $22.81 | $17.09 | $16.18 | $13.96 | ||||||||||
Total Return(c) | (39.84%) | 36.16% | 13.23% | 19.22% | 19.78% | ||||||||||
Net Assets End of Period/Year | $ 95,729 | $ 63,856 | $ 29,105 | $ 21,532 | $ 19,678 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.04% | 2.04% | 2.08% | 2.20% | 2.07% | ||||||||||
Before reimbursement/fee waiver | 2.04% | 2.04% | 2.08% | 2.20% | 2.07% | ||||||||||
Net investment income (loss), to average net assets(e) | 0.52% | 0.10% | (0.03%) | (0.76%) | (0.02%) | ||||||||||
Portfolio turnover rate | 48% | 22% | 21% | 42% | 81% | ||||||||||
113
Transamerica Convertible Securities | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $15.30 | $12.76 | $11.56 | $11.00 | $11.32 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.13 | 0.10 | 0.07 | 0.20 | 0.21 | ||||||||||
Net realized and unrealized gain (loss) on investments | (4.92) | 3.22 | 1.33 | 0.81 | 0.56 | ||||||||||
Total from investment operations | (4.79) | 3.32 | 1.40 | 1.01 | 0.77 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (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 | (3.33) | (0.78) | (0.20) | (0.45) | (1.09) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $7.18 | $15.30 | $12.76 | $11.56 | $11.00 | ||||||||||
Total Return(c) | (38.92%) | 27.41% | 12.15% | 9.24% | 7.06% | ||||||||||
Net Assets End of Period/Year | $ 10,748 | $ 11,276 | $ 6,350 | $ 209,374 | $ 188,049 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.33% | 1.33% | 1.25% | 1.17% | 1.20% | ||||||||||
Before reimbursement/fee waiver | 1.33% | 1.33% | 1.25% | 1.17% | 1.20% | ||||||||||
Net investment income (loss), to average net assets(e) | 1.23% | 0.75% | 0.59% | 1.74% | 1.83% | ||||||||||
Portfolio turnover rate | 91% | 92% | 69% | 87% | 157% | ||||||||||
Transamerica Convertible Securities | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $15.22 | $12.71 | $11.54 | $11.00 | $11.31 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.04 | 0.01 | –(p) | 0.09 | 0.14 | ||||||||||
Net realized and unrealized gain (loss) on investments | (4.87) | 3.21 | 1.32 | 0.80 | 0.57 | ||||||||||
Total from investment operations | (4.83) | 3.22 | 1.32 | 0.89 | 0.71 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (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 | (3.26) | (0.71) | (0.15) | (0.35) | (1.02) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $7.13 | $15.22 | $12.71 | $11.54 | $11.00 | ||||||||||
Total Return(c) | (39.32%) | 26.54% | 11.47% | 8.09% | 6.52% | ||||||||||
Net Assets End of Period/Year | $ 2,920 | $ 6,533 | $ 6,651 | $ 6,656 | $ 6,379 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.02% | 1.99% | 1.99% | 2.15% | 1.79% | ||||||||||
Before reimbursement/fee waiver | 2.02% | 1.99% | 1.99% | 2.15% | 1.79% | ||||||||||
Net investment income (loss), to average net assets(e) | 0.40% | 0.10% | –%(m) | 0.76% | 1.24% | ||||||||||
Portfolio turnover rate | 91% | 92% | 69% | 87% | 157% | ||||||||||
114
Transamerica Convertible Securities | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $15.17 | $12.66 | $11.50 | $10.97 | $11.31 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.07 | 0.02 | –(p) | 0.08 | 0.11 | ||||||||||
Net realized and unrealized gain (loss) on investments | (4.87) | 3.20 | 1.31 | 0.82 | 0.57 | ||||||||||
Total from investment operations | (4.80) | 3.22 | 1.31 | 0.90 | 0.68 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (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 | (3.27) | (0.71) | (0.15) | (0.37) | (1.02) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $7.10 | $15.17 | $12.66 | $11.50 | $10.97 | ||||||||||
Total Return(c) | (39.24%) | 26.69% | 11.44% | 8.17% | 6.33% | ||||||||||
Net Assets End of Period/Year | $ 7,070 | $ 3,598 | $ 3,551 | $ 4,465 | $ 5,204 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.94% | 1.94% | 1.94% | 2.16% | 2.05% | ||||||||||
Before reimbursement/fee waiver | 1.94% | 1.94% | 1.94% | 2.16% | 2.05% | ||||||||||
Net investment income (loss), to average net assets(e) | 0.72% | 0.15% | 0.02% | 0.73% | 0.98% | ||||||||||
Portfolio turnover rate | 91% | 92% | 69% | 87% | 157% | ||||||||||
115
Transamerica Science & Technology | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $5.67 | $3.91 | $3.82 | $3.80 | $3.61 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | (0.04) | (0.05) | (0.03) | 0.03 | (0.04) | ||||||||||
Net realized and unrealized gain (loss) on investments | (2.61) | 1.81 | 0.18 | 0.02 | 0.23 | ||||||||||
Total from investment operations | (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 | $2.84 | $5.67 | $3.91 | $3.82 | $3.80 | ||||||||||
Total Return(c) | (48.18%) | 45.01% | 3.78% | 1.23% | 5.26% | ||||||||||
Net Assets End of Period/Year | $ 3,778 | $ 7,874 | $ 5,616 | $ 65,423 | $ 119,985 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.53% | 1.53% | 1.53% | 1.32% | 1.36% | ||||||||||
Before reimbursement/fee waiver | 1.70% | 1.77% | 1.67% | 1.32% | 1.36% | ||||||||||
Net investment income (loss), to average net assets(e) | (1.02%) | (1.03%) | (0.72%) | 0.63% | (1.12%) | ||||||||||
Portfolio turnover rate | 47% | 66% | 94% | 73% | 41% | ||||||||||
Transamerica Science & Technology | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $5.40 | $3.74 | $3.68 | $3.68 | $3.51 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | (0.07) | (0.07) | (0.06) | (0.02) | (0.06) | ||||||||||
Net realized and unrealized gain (loss) on investments | (2.47) | 1.73 | 0.18 | 0.02 | 0.23 | ||||||||||
Total from investment operations | (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 | $2.68 | $5.40 | $3.74 | $3.68 | $3.68 | ||||||||||
Total Return(c) | (48.56%) | 44.39% | 3.10% | –%(m) | 4.84% | ||||||||||
Net Assets End of Period/Year | $ 2,094 | $ 4,913 | $ 4,208 | $ 5,316 | $ 6,874 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.18% | 2.18% | 2.18% | 2.20% | 1.91% | ||||||||||
Before reimbursement/fee waiver | 2.53% | 2.53% | 2.57% | 2.68% | 1.91% | ||||||||||
Net investment income (loss), to average net assets(e) | (1.67%) | (1.67%) | (1.58%) | (0.58%) | (1.68%) | ||||||||||
Portfolio turnover rate | 47% | 66% | 94% | 73% | 41% | ||||||||||
116
Transamerica Science & Technology | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $5.39 | $3.73 | $3.67 | $3.67 | $3.51 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | (0.07) | (0.07) | (0.06) | (0.02) | (0.07) | ||||||||||
Net realized and unrealized gain (loss) on investments | (2.46) | 1.73 | 0.18 | 0.02 | 0.23 | ||||||||||
Total from investment operations | (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 | $2.68 | $5.39 | $3.73 | $3.67 | $3.67 | ||||||||||
Total Return(c) | (48.46%) | 44.50% | 3.11% | –%(m) | 4.56% | ||||||||||
Net Assets End of Period/Year | $ 1,417 | $ 2,799 | $ 2,045 | $ 2,779 | $ 4,089 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.18% | 2.18% | 2.18% | 2.20% | 2.20% | ||||||||||
Before reimbursement/fee waiver | 2.31% | 2.36% | 2.35% | 2.65% | 2.60% | ||||||||||
Net investment income (loss), to average net assets(e) | (1.67%) | (1.63%) | (1.57%) | (0.51%) | (1.94%) | ||||||||||
Portfolio turnover rate | 47% | 66% | 94% | 73% | 41% | ||||||||||
117
Transamerica Templeton Global | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $35.83 | $29.28 | $24.68 | $22.57 | $21.41 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.33 | 0.19 | 0.15 | 0.21 | (0.07) | ||||||||||
Net realized and unrealized gain (loss) on investments | (16.19) | 6.70 | 4.45 | 2.14 | 1.23 | ||||||||||
Total from investment operations | (15.86) | 6.89 | 4.60 | 2.35 | 1.16 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.34) | (0.34) | –(p) | (0.24) | – | ||||||||||
Total distributions | (0.34) | (0.34) | –(p) | (0.24) | – | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $19.63 | $35.83 | $29.28 | $24.68 | $22.57 | ||||||||||
Total Return(c) | (44.68%) | 23.74% | 18.65% | 10.41% | 5.41% | ||||||||||
Net Assets End of Period/Year | $ 73,721 | $ 118,738 | $ 117,367 | $ 385,504 | $ 226,517 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.55% | 1.55% | 1.55% | 1.42% | 1.85% | ||||||||||
Before reimbursement/fee waiver | 1.61% | 1.63% | 1.62% | 1.42% | 1.85% | ||||||||||
Net investment income (loss), to average net assets(e) | 1.13% | 0.59% | 0.55% | 0.85% | (0.31%) | ||||||||||
Portfolio turnover rate | 28% | 30% | 55% | 79% | 140% | ||||||||||
Transamerica Templeton Global | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $33.52 | $27.40 | $23.24 | $21.23 | $20.25 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.08 | (0.02) | (0.01) | 0.02 | (0.20) | ||||||||||
Net realized and unrealized gain (loss) on investments | (15.14) | 6.28 | 4.17 | 1.99 | 1.18 | ||||||||||
Total from investment operations | (15.06) | 6.26 | 4.16 | 2.01 | 0.98 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.05) | (0.14) | – | –(p) | – | ||||||||||
Total distributions | (0.05) | (0.14) | – | –(p) | – | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $18.41 | $33.52 | $27.40 | $23.24 | $21.23 | ||||||||||
Total Return(c) | (44.99%) | 22.94% | 17.90% | 9.48% | 4.83% | ||||||||||
Net Assets End of Period/Year | $ 10,746 | $ 63,876 | $ 75,711 | $ 90,877 | $ 117,409 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.20% | 2.20% | 2.20% | 2.20% | 2.49% | ||||||||||
Before reimbursement/fee waiver | 2.44% | 2.39% | 2.42% | 2.41% | 2.49% | ||||||||||
Net investment income (loss), to average net assets(e) | 0.29% | (0.07%) | (0.05%) | 0.07% | (0.93%) | ||||||||||
Portfolio turnover rate | 28% | 30% | 55% | 79% | 140% | ||||||||||
118
Transamerica Templeton Global | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $33.47 | $27.37 | $23.21 | $21.21 | $20.25 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.12 | (0.02) | (0.01) | 0.02 | (0.15) | ||||||||||
Net realized and unrealized gain (loss) on investments | (15.10) | 6.27 | 4.17 | 1.99 | 1.11 | ||||||||||
Total from investment operations | (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 | $18.27 | $33.47 | $27.37 | $23.21 | $21.21 | ||||||||||
Total Return(c) | (45.05%) | 22.95% | 17.87% | 9.52% | 4.74% | ||||||||||
Net Assets End of Period/Year | $ 14,286 | $ 31,506 | $ 32,341 | $ 36,938 | $ 48,378 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.20% | 2.20% | 2.20% | 2.20% | 2.18% | ||||||||||
Before reimbursement/fee waiver | 2.26% | 2.31% | 2.35% | 2.38% | 2.18% | ||||||||||
Net investment income (loss), to average net assets(e) | 0.43% | (0.07%) | (0.05%) | 0.07% | (0.72%) | ||||||||||
Portfolio turnover rate | 28% | 30% | 55% | 79% | 140% | ||||||||||
119
Transamerica Balanced | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $25.70 | $22.05 | $19.90 | $18.53 | $17.43 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.28 | 0.17 | 0.12 | 0.15 | 0.14 | ||||||||||
Net realized and unrealized gain (loss) on investments | (8.64) | 3.62 | 2.12 | 1.41 | 1.08 | ||||||||||
Total from investment operations | (8.36) | 3.79 | 2.24 | 1.56 | 1.22 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.24) | (0.14) | (0.09) | (0.19) | (0.12) | ||||||||||
Net realized gains on investments | (0.66) | – | – | – | – | ||||||||||
Total distributions | (0.90) | (0.14) | (0.09) | (0.19) | (0.12) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $16.44 | $25.70 | $22.05 | $19.90 | $18.53 | ||||||||||
Total Return(c) | (33.55%) | 17.28% | 11.27% | 8.41% | 7.03% | ||||||||||
Net Assets End of Period/Year | $ 49,917 | $ 61,565 | $ 55,547 | $ 62,440 | $ 72,997 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.52% | 1.56% | 1.58% | 1.59% | 1.70% | ||||||||||
Before reimbursement/fee waiver | 1.52% | 1.56% | 1.58% | 1.59% | 1.70% | ||||||||||
Net investment income (loss), to average net assets(e) | 1.27% | 0.73% | 0.57% | 0.75% | 0.76% | ||||||||||
Portfolio turnover rate | 52% | 52% | 51% | 27% | 107% | ||||||||||
Transamerica Balanced | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $25.58 | $21.98 | $19.88 | $18.47 | $17.39 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.13 | 0.04 | –(p) | 0.04 | 0.04 | ||||||||||
Net realized and unrealized gain (loss) on investments | (8.58) | 3.60 | 2.12 | 1.40 | 1.08 | ||||||||||
Total from investment operations | (8.45) | 3.64 | 2.12 | 1.44 | 1.12 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.10) | (0.04) | (0.02) | (0.03) | (0.04) | ||||||||||
Net realized gains on investments | (0.66) | – | – | – | – | ||||||||||
Total distributions | (0.76) | (0.04) | (0.02) | (0.03) | (0.04) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $16.37 | $25.58 | $21.98 | $19.88 | $18.47 | ||||||||||
Total Return(c) | (33.95%) | 16.57% | 10.65% | 7.80% | 6.44% | ||||||||||
Net Assets End of Period/Year | $ 32,469 | $ 96,573 | $ 118,286 | $ 142,479 | $ 170,630 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.15% | 2.14% | 2.15% | 2.14% | 2.26% | ||||||||||
Before reimbursement/fee waiver | 2.15% | 2.14% | 2.15% | 2.14% | 2.26% | ||||||||||
Net investment income (loss), to average net assets(e) | 0.59% | 0.15% | 0.01% | 0.20% | 0.19% | ||||||||||
Portfolio turnover rate | 52% | 52% | 51% | 27% | 107% | ||||||||||
120
Transamerica Balanced | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $25.50 | $21.91 | $19.82 | $18.45 | $17.39 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.15 | 0.04 | 0.01 | 0.04 | (0.01) | ||||||||||
Net realized and unrealized gain (loss) on investments | (8.56) | 3.59 | 2.10 | 1.41 | 1.11 | ||||||||||
Total from investment operations | (8.41) | 3.63 | 2.11 | 1.45 | 1.10 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.13) | (0.04) | (0.02) | (0.08) | (0.04) | ||||||||||
Net realized gains on investments | (0.66) | – | – | – | – | ||||||||||
Total distributions | (0.79) | (0.04) | (0.02) | (0.08) | (0.04) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $16.30 | $25.50 | $21.91 | $19.82 | $18.45 | ||||||||||
Total Return(c) | (33.92%) | 16.61% | 10.64% | 7.85% | 6.33% | ||||||||||
Net Assets End of Period/Year | $ 17,719 | $ 32,569 | $ 36,750 | $ 43,276 | $ 53,990 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.08% | 2.11% | 2.12% | 2.13% | 2.28% | ||||||||||
Before reimbursement/fee waiver | 2.08% | 2.11% | 2.12% | 2.13% | 2.28% | ||||||||||
Net investment income (loss), to average net assets(e) | 0.69% | 0.18% | 0.03% | 0.21% | (0.08%) | ||||||||||
Portfolio turnover rate | 52% | 52% | 51% | 27% | 107% | ||||||||||
121
Transamerica Value Balanced | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $14.38 | $13.30 | $11.95 | $12.11 | $11.49 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.30 | 0.28 | 0.23 | 0.24 | 0.18 | ||||||||||
Net realized and unrealized gain (loss) on investments | (4.74) | 1.41 | 1.54 | 0.69 | 0.61 | ||||||||||
Total from investment operations | (4.44) | 1.69 | 1.77 | 0.93 | 0.79 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (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 | (1.03) | (0.61) | (0.42) | (1.09) | (0.17) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $8.91 | $14.38 | $13.30 | $11.95 | $12.11 | ||||||||||
Total Return(c) | (32.94%) | 13.11% | 15.09% | 7.79% | 6.99% | ||||||||||
Net Assets End of Period/Year | $ 18,666 | $ 32,485 | $ 32,666 | $ 32,934 | $ 37,393 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | ||||||||||
Before reimbursement/fee waiver | 1.56% | 1.58% | 1.63% | 1.59% | 1.63% | ||||||||||
Net investment income (loss), to average net assets(e) | 2.51% | 2.06% | 1.84% | 2.03% | 1.50% | ||||||||||
Portfolio turnover rate | 50% | 42% | 42% | 57% | 122% | ||||||||||
Transamerica Value Balanced | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $14.32 | $13.25 | $11.91 | $12.07 | $11.46 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.22 | 0.19 | 0.15 | 0.17 | 0.10 | ||||||||||
Net realized and unrealized gain (loss) on investments | (4.72) | 1.41 | 1.53 | 0.68 | 0.61 | ||||||||||
Total from investment operations | (4.50) | 1.60 | 1.68 | 0.85 | 0.71 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (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 | (0.94) | (0.53) | (0.34) | (1.01) | (0.10) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $8.88 | $14.32 | $13.25 | $11.91 | $12.07 | ||||||||||
Total Return(c) | (33.37%) | 12.40% | 14.28% | 7.13% | 6.23% | ||||||||||
Net Assets End of Period/Year | $ 6,414 | $ 17,508 | $ 20,405 | $ 24,072 | $ 29,409 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.20% | 2.20% | 2.20% | 2.20% | 2.20% | ||||||||||
Before reimbursement/fee waiver | 2.30% | 2.27% | 2.28% | 2.27% | 2.30% | ||||||||||
Net investment income (loss), to average net assets(e) | 1.83% | 1.43% | 1.20% | 1.39% | 0.81% | ||||||||||
Portfolio turnover rate | 50% | 42% | 42% | 57% | 122% | ||||||||||
122
Transamerica Value Balanced | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $14.31 | $13.25 | $11.91 | $12.07 | $11.46 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.22 | 0.19 | 0.15 | 0.17 | 0.11 | ||||||||||
Net realized and unrealized gain (loss) on investments | (4.72) | 1.41 | 1.53 | 0.69 | 0.60 | ||||||||||
Total from investment operations | (4.50) | 1.60 | 1.68 | 0.86 | 0.71 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (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 | (0.94) | (0.54) | (0.34) | (1.02) | (0.10) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $8.87 | $14.31 | $13.25 | $11.91 | $12.07 | ||||||||||
Total Return(c) | (33.33%) | 12.40% | 14.33% | 7.18% | 6.31% | ||||||||||
Net Assets End of Period/Year | $ 5,833 | $ 11,674 | $ 11,316 | $ 11,926 | $ 14,285 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.13% | 2.17% | 2.20% | 2.16% | 2.20% | ||||||||||
Before reimbursement/fee waiver | 2.13% | 2.17% | 2.20% | 2.16% | 2.39% | ||||||||||
Net investment income (loss), to average net assets(e) | 1.92% | 1.44% | 1.19% | 1.43% | 0.78% | ||||||||||
Portfolio turnover rate | 50% | 42% | 42% | 57% | 122% | ||||||||||
123
Transamerica High Yield Bond | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $9.12 | $9.19 | $8.97 | $9.37 | $9.08 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.64 | 0.60 | 0.61 | 0.56 | 0.52 | ||||||||||
Net realized and unrealized gain (loss) on investments | (2.83) | (0.07) | 0.19 | (0.37) | 0.29 | ||||||||||
Total from investment operations | (2.19) | 0.53 | 0.80 | 0.19 | 0.81 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.62) | (0.60) | (0.58) | (0.59) | (0.52) | ||||||||||
Total distributions | (0.62) | (0.60) | (0.58) | (0.59) | (0.52) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $6.31 | $9.12 | $9.19 | $8.97 | $9.37 | ||||||||||
Total Return(c) | (25.46%) | 5.90% | 9.27% | 2.06% | 9.23% | ||||||||||
Net Assets End of Period/Year | $ 24,506 | $ 35,147 | $ 43,514 | $ 336,340 | $ 309,223 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.16% | 1.15% | 1.16% | 1.05% | 1.08% | ||||||||||
Before reimbursement/fee waiver | 1.16% | 1.15% | 1.16% | 1.05% | 1.08% | ||||||||||
Net investment income (loss), to average net assets(e) | 7.65% | 6.45% | 6.77% | 6.04% | 5.67% | ||||||||||
Portfolio turnover rate | 38% | 80% | 73% | 71% | 49% | ||||||||||
Transamerica High Yield Bond | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $9.11 | $9.18 | $8.97 | $9.37 | $9.08 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.58 | 0.53 | 0.55 | 0.48 | 0.46 | ||||||||||
Net realized and unrealized gain (loss) on investments | (2.83) | (0.06) | 0.19 | (0.37) | 0.29 | ||||||||||
Total from investment operations | (2.25) | 0.47 | 0.74 | 0.11 | 0.75 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.56) | (0.54) | (0.53) | (0.51) | (0.46) | ||||||||||
Total distributions | (0.56) | (0.54) | (0.53) | (0.51) | (0.46) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $6.30 | $9.11 | $9.18 | $8.97 | $9.37 | ||||||||||
Total Return(c) | (26.04%) | 5.19% | 8.53% | 1.21% | 8.52% | ||||||||||
Net Assets End of Period/Year | $ 9,091 | $ 21,370 | $ 27,753 | $ 37,006 | $ 49,422 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.85% | 1.83% | 1.83% | 1.85% | 1.72% | ||||||||||
Before reimbursement/fee waiver | 1.85% | 1.83% | 1.83% | 1.85% | 1.72% | ||||||||||
Net investment income (loss), to average net assets(e) | 6.83% | 5.77% | 6.12% | 5.18% | 5.05% | ||||||||||
Portfolio turnover rate | 38% | 80% | 73% | 71% | 49% | ||||||||||
124
Transamerica High Yield Bond | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $9.10 | $9.17 | $8.96 | $9.36 | $9.08 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.58 | 0.53 | 0.55 | 0.47 | 0.46 | ||||||||||
Net realized and unrealized gain (loss) on investments | (2.82) | (0.06) | 0.19 | (0.36) | 0.28 | ||||||||||
Total from investment operations | (2.24) | 0.47 | 0.74 | 0.11 | 0.74 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.56) | (0.54) | (0.53) | (0.51) | (0.46) | ||||||||||
Total distributions | (0.56) | (0.54) | (0.53) | (0.51) | (0.46) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $6.30 | $9.10 | $9.17 | $8.96 | $9.36 | ||||||||||
Total Return(c) | (25.89%) | 5.21% | 8.54% | 1.21% | 8.41% | ||||||||||
Net Assets End of Period/Year | $ 5,429 | $ 10,160 | $ 11,317 | $ 15,880 | $ 25,379 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.80% | 1.83% | 1.83% | 1.88% | 1.78% | ||||||||||
Before reimbursement/fee waiver | 1.80% | 1.83% | 1.83% | 1.88% | 1.78% | ||||||||||
Net investment income (loss), to average net assets(e) | 6.93% | 5.77% | 6.12% | 5.11% | 4.95% | ||||||||||
Portfolio turnover rate | 38% | 80% | 73% | 71% | 49% | ||||||||||
125
Transamerica Flexible Income | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $9.14 | $9.38 | $9.31 | $9.68 | $10.21 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.44 | 0.48 | 0.43 | 0.37 | 0.38 | ||||||||||
Net realized and unrealized gain (loss) on investments | (1.89) | (0.25) | 0.05 | (0.32) | 0.14 | ||||||||||
Total from investment operations | (1.45) | 0.23 | 0.48 | 0.05 | 0.52 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (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 | (0.47) | (0.47) | (0.41) | (0.42) | (1.05) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $7.22 | $9.14 | $9.38 | $9.31 | $9.68 | ||||||||||
Total Return(c) | (16.57%) | 2.42% | 5.34% | 0.47% | 5.72% | ||||||||||
Net Assets End of Period/Year | $ 13,360 | $ 15,409 | $ 17,005 | $ 140,203 | $ 80,201 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.39% | 1.40% | 1.47% | 1.25% | 1.43% | ||||||||||
Before reimbursement/fee waiver | 1.39% | 1.40% | 1.47% | 1.25% | 1.43% | ||||||||||
Net investment income (loss), to average net assets(e) | 5.12% | 5.12% | 4.64% | 3.85% | 3.89% | ||||||||||
Portfolio turnover rate | 98% | 108% | 110% | 58% | 169% | ||||||||||
Transamerica Flexible Income | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $9.14 | $9.39 | $9.32 | $9.68 | $10.20 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.38 | 0.42 | 0.38 | 0.29 | 0.32 | ||||||||||
Net realized and unrealized gain (loss) on investments | (1.88) | (0.26) | 0.06 | (0.32) | 0.15 | ||||||||||
Total from investment operations | (1.50) | 0.16 | 0.44 | (0.03) | 0.47 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (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 | (0.41) | (0.41) | (0.37) | (0.33) | (0.99) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $7.23 | $9.14 | $9.39 | $9.32 | $9.68 | ||||||||||
Total Return(c) | (17.03%) | 1.66% | 4.81% | (0.36%) | 5.13% | ||||||||||
Net Assets End of Period/Year | $ 8,628 | $ 17,007 | $ 23,501 | $ 32,560 | $ 45,338 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 2.05% | 2.04% | 2.08% | 2.08% | 2.03% | ||||||||||
Before reimbursement/fee waiver | 2.05% | 2.04% | 2.08% | 2.08% | 2.03% | ||||||||||
Net investment income (loss), to average net assets(e) | 4.42% | 4.48% | 4.08% | 3.02% | 3.25% | ||||||||||
Portfolio turnover rate | 98% | 108% | 110% | 58% | 169% | ||||||||||
126
Transamerica Flexible Income | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $9.12 | $9.36 | $9.30 | $9.67 | $10.20 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.39 | 0.42 | 0.39 | 0.29 | 0.33 | ||||||||||
Net realized and unrealized gain (loss) on investments | (1.88) | (0.25) | 0.04 | (0.33) | 0.13 | ||||||||||
Total from investment operations | (1.49) | 0.17 | 0.43 | (0.04) | 0.46 | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.42) | (0.41) | (0.37) | (0.29) | (0.32) | ||||||||||
Net realized gains on investments | – | – | – | – | (0.63) | ||||||||||
Return of capital | – | – | – | (0.04) | (0.04) | ||||||||||
Total distributions | (0.42) | (0.41) | (0.37) | (0.33) | (0.99) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $7.21 | $9.12 | $9.36 | $9.30 | $9.67 | ||||||||||
Total Return(c) | (16.98%) | 1.81% | 4.74% | (0.40%) | 5.02% | ||||||||||
Net Assets End of Period/Year | $ 5,981 | $ 8,982 | $ 12,519 | $ 13,439 | $ 19,675 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.97% | 2.00% | 2.07% | 2.11% | 2.10% | ||||||||||
Before reimbursement/fee waiver | 1.97% | 2.00% | 2.07% | 2.11% | 2.10% | ||||||||||
Net investment income (loss), to average net assets(e) | 4.52% | 4.51% | 4.15% | 2.99% | 3.37% | ||||||||||
Portfolio turnover rate | 98% | 108% | 110% | 58% | 169% | ||||||||||
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Transamerica Short-Term Bond | |||||||||||||||
Class A(r) | Class C(r) | ||||||||||||||
October 31, | October 31, | ||||||||||||||
2008 | 2008 | ||||||||||||||
Net Asset Value | |||||||||||||||
Beginning of Period | $10.00 | $10.00 | |||||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.38 | 0.32 | |||||||||||||
Net realized and unrealized gain (loss) on investments | (0.54) | (0.55) | |||||||||||||
Total from investment operations | (0.16) | (0.23) | |||||||||||||
Distributions | |||||||||||||||
Net investment income | (0.40) | (0.35) | |||||||||||||
Total distributions | (0.40) | (0.35) | |||||||||||||
Net Asset Value | |||||||||||||||
End of Period | $9.44 | $9.42 | |||||||||||||
Total Return(c) | (1.70%)(i) | (2.43%)(i) | |||||||||||||
Net Assets End of Period | $ 5,663 | $ 7,263 | |||||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.11%(j) | 1.76%(j) | |||||||||||||
Before reimbursement/fee waiver | 1.11%(j) | 1.76%(j) | |||||||||||||
Net investment income (loss), to average net assets(e) | 3.92%(j) | 3.28%(j) | |||||||||||||
Portfolio turnover rate | 67%(i) | 67%(i) | |||||||||||||
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Transamerica Money Market | |||||||||||||||
Class A | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.02 | 0.05 | 0.04 | 0.02 | –(p) | ||||||||||
Net realized and unrealized gain on investments | –(p) | – | – | – | – | ||||||||||
Total from investment operations | 0.02 | 0.05 | 0.04 | 0.02 | –(p) | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.02) | (0.05) | (0.04) | (0.02) | –(p) | ||||||||||
Net realized gains on investments | – | –(p) | – | – | – | ||||||||||
Total distributions | (0.02) | (0.05) | (0.04) | (0.02) | –(p) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | ||||||||||
Total Return(c) | 2.52% | 4.61% | 4.09% | 2.10% | 0.42% | ||||||||||
Net Assets End of Period/Year | $ 142,456 | $ 95,766 | $ 78,716 | $ 150,804 | $ 185,311 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% | ||||||||||
Before reimbursement/fee waiver | 1.08% | 1.20% | 1.23% | 1.05% | 1.19% | ||||||||||
Net investment income (loss), to average net assets(e) | 2.40% | 4.54% | 3.98% | 2.08% | 0.45% | ||||||||||
Transamerica Money Market | |||||||||||||||
Class B | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.02 | 0.04 | 0.03 | 0.02 | –(p) | ||||||||||
Net realized and unrealized gain on investments | –(p) | – | – | – | – | ||||||||||
Total from investment operations | 0.02 | 0.04 | 0.03 | 0.02 | –(p) | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.02) | (0.04) | (0.03) | (0.02) | –(p) | ||||||||||
Net realized gains on investments | – | –(p) | – | – | – | ||||||||||
Total distributions | (0.02) | (0.04) | (0.03) | (0.02) | –(p) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | ||||||||||
Total Return(c) | 1.83% | 3.92% | 3.41% | 1.60% | 0.14% | ||||||||||
Net Assets End of Period/Year | $ 40,110 | $ 23,324 | $ 25,727 | $ 31,647 | $ 40,203 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.48% | 1.48% | 1.48% | 1.32% | 1.10% | ||||||||||
Before reimbursement/fee waiver | 1.75% | 1.83% | 1.80% | 1.79% | 1.81% | ||||||||||
Net investment income (loss), to average net assets(e) | 1.75% | 3.87% | 3.50% | 1.57% | 0.13% | ||||||||||
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Transamerica Money Market | |||||||||||||||
Class C | |||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of year | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(a) | 0.02 | 0.04 | 0.03 | 0.02 | –(p) | ||||||||||
Net realized and unrealized gain on investments | –(p) | – | – | – | – | ||||||||||
Total from investment operations | 0.02 | 0.04 | 0.03 | 0.02 | –(p) | ||||||||||
Distributions | |||||||||||||||
Net investment income | (0.02) | (0.04) | (0.03) | (0.02) | –(p) | ||||||||||
Net realized gains on investments | – | –(p) | – | – | – | ||||||||||
Total distributions | (0.02) | (0.04) | (0.03) | (0.02) | –(p) | ||||||||||
Net Asset Value | |||||||||||||||
End of Period/Year | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | ||||||||||
Total Return(c) | 1.86% | 3.92% | 3.16% | 1.87% | 0.14% | ||||||||||
Net Assets End of Period/Year | $ 59,991 | $ 19,638 | $ 17,286 | $ 15,997 | $ 22,277 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.48% | 1.48% | 1.48% | 1.26% | 0.98% | ||||||||||
Before reimbursement/fee waiver | 1.67% | 1.73% | 1.82% | 1.89% | 1.96% | ||||||||||
Net investment income (loss), to average net assets(e) | 1.65% | 3.88% | 3.40% | 1.61% | 0.43% | ||||||||||
(a) | Calculation is based on average shares outstanding. |
(b) | On November 15, 2005, the Fund was authorized under the 12b-1 plan to pay fees on each class up to the following limits: Class A 0.35%, Class B 1.00%, Class C 1.00%, Class R 0.50%. |
(c) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(d) | Does not include expenses of the underlying investment companies in which the Fund invests. |
(e) | Includes Redemption Fees, if any. The impact of Redemption Fees is less than 0.01% for Class A, Class B, Class C, Class R and Class T, respectively. |
(f) | Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the underlying investment companies in which the Fund invests. |
(g) | Includes recaptured expenses by the investment adviser. The impact of recaptured expenses was 0.05%, 0.05% and 0.05% for Class A, Class B, and Class C, respectively. |
(h) | Commenced operations on June 15, 2006. |
(i) | Not annualized. |
(j) | Annualized. |
(k) | Includes recaptured expenses by the investment adviser. The impact of recaptured expenses was 0.01%, 0.01% and 0.01% for Class A, Class B, and Class C, respectively. |
(l) | Commenced operations on December 28, 2006. |
(m) | Rounds to less than 0.01% or (0.01%). |
(n) | Commenced operations on March 1, 2006. |
(o) | Includes recaptured expenses by the investment adviser. The impact of recaptured expenses was 0.07% and 0.09% for Class A and Class C, respectively. |
(p) | Rounds to less than ($0.01) or $0.01. |
(q) | Commenced operations on October 27, 2006. |
(r) | Commenced operations on November 1, 2007. |
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n | Transamerica AllianceBernstein International Value seeks long-term growth of capital by investing primarily in equity securities of established companies from a variety of industries and developed countries. The fund primarily invests in issuers that are economically tied to a number of countries throughout the world and expects to be invested in more than three different foreign countries. The fund’s investment policies emphasize investments that are determined to be undervalued by the fund’s sub-adviser. The principal risks of investing in this underlying fund are: market risk; stock risk; value investing risk; foreign securities risk; currency risk; liquidity risk; derivatives risk; short sales risk; repurchase agreements risk; currency hedging risk; warrants and rights risk; securities lending risk; convertible securities risk; and leveraging risk. |
n | Transamerica American Century Large Company Value seeks long-term capital growth with income as a secondary goal by investing principally in U.S. large-capitalization companies. The fund’s sub-adviser considers large capitalization companies to be companies that comprise the Russell 1000®Index. Under normal market conditions, the fund will have at least 80% of its net assets in equity securities of companies comprising the Russell 1000®Index. The fund’s sub-adviser uses a value investment strategy that looks for companies temporarily out of favor in the market. The principal risks of investing in this underlying fund are: market risk; stock risk; value investing risk; foreign securities risk; currency risk; fixed-income securities risk; and derivatives risk. |
n | Transamerica Bjurman, Barry Micro Emerging Growth seeks capital appreciation by investing, under normal market conditions, at least 80% of its net assets in common stocks of emerging growth U.S. companies whose total market capitalization at the time of investment is generally between $30 million and $1 billion, and which, in the opinion of the sub-adviser, have superior earnings growth characteristics. The fund’s sub-adviser uses quantitative models that emphasize both growth and value attributes. The principal risks of investing in this underlying fund are: market risk; stock risk; small- or micro-sized companies risk; risk of investing aggressively; growth stock risk; industry focus risk; and emerging growth companies risk. |
n | Transamerica BlackRock Global Allocation seeks to provide high total investment return through a fully managed investment policy utilizing U.S. and foreign equity securities, debt, and money market securities, the combination of which may be varied from time to time both with respect to types of securities and markets. The fund will invest in issuers located in a number of countries throughout the world, and it generally seeks diversification across markets, industries and issuers as one of its strategies to reduce volatility. The principal risks of investing in this underlying fund are: market risk; stock risk; foreign securities risk; currency risk; small- or medium-sized companies risk; liquidity risk; preferred stock risk; convertible securities risk; fixed-income securities risk; distressed securities risk; commodities risk; high-yield debt securities risk; sovereign debt risk; precious metal related securities risk; real estate securities risk; warrants and rights risk; short sales risk; currency hedging risk; derivatives risk; securities lending risk; emerging markets risk; and loans risk. |
n | Transamerica BlackRock Large Cap Value seeks long-term capital growth by investing primarily in a diversified portfolio of equity securities of large cap companies located in the United States. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of large cap companies. The fund considers a large cap company to be one that, at the time of purchase, has a market capitalization equal to or greater than a company in the top 80% of the companies that comprise the Russell 1000®Index. The principal risks of investing in this underlying fund are: market risk; stock risk; value investing risk; foreign securities risk; currency risk; securities lending risk; convertible securities risk; preferred stock risk; and fixed-income securities risk. |
n | Transamerica BlackRock Natural Resources seeks to achieve long-term capital growth and to protect the purchasing power of shareholders’ capital by investing in a portfolio of equity securities of domestic and foreign companies with substantial natural resource assets. Under normal circumstances, the fund will invest at least 80% of its net assets in equities of companies with substantial natural resource assets, or in securities the value of which is related to the market value of some natural resource asset. The fund may invest in both U.S. and non-U.S. companies of any market capitalization. The principal risks of investing in this underlying fund are: market risk; stock risk; asset-based securities-natural resources risk; foreign securities risk; currency risk; emerging markets risk; small-or medium-sized companies risk; preferred stock risk; convertible securities risk; value investing risk; derivatives risk; leveraging risk; liquidity risk; country, sector or industry focus risk; and non-diversification risk. |
n | Transamerica BNY Mellon Market Neutral Strategy seeks investment returns exceeding the 3-month U.S. Treasury Bill from a broadly diversified portfolio of U.S. stocks while neutralizing the general risks associated with stock market investing. The sub-adviser seeks to achieve this objective by using a market neutral strategy and investing, under normal circumstances, at least 80% of the fund’s assets in equity securities (excluding cash collateral). The sub-adviser seeks to construct a diversified portfolio that has limited exposure to the U.S. equity general market risk and near neutral exposure to specific industries, sectors and capitalization ranges. The principal risks of investing in this underlying fund are: market risk; stock risk; short sales risk; derivatives risk; foreign securities risk; currency risk; leveraging risk; and portfolio turnover risk. |
n | Transamerica Clarion Global Real Estate Securities seeks long-term total return from investments principally in equity securities of real estate companies that include common stocks and convertible securities. Under normal conditions, the fund will invest at least 80% of its net assets in a portfolio of issuers |
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that are principally engaged in the real estate industry. Total return consists of realized and unrealized capital gains and losses plus income. The fund’s portfolio will be composed of investments in issuers that are economically tied to at least three different countries, including the United States. The principal risks of investing in this underlying fund are: market risk; stock risk; foreign securities risk; currency risk; real estate securities risk; REITs risk; small- or medium-sized companies risk; portfolio turnover risk; convertible securities risk; fixed-income securities risk; mortgage-related securities risk; and non-diversification risk. |
n | Transamerica Evergreen Health Care seeks long-term capital appreciation by investing, under normal circumstances, at least 80% of the fund’s net assets in the equity securities of health care companies. These include, but are not limited to, pharmaceutical companies, biotechnology companies, medical device and supply companies, managed care companies and health care information and service providers. The principal risks of investing in this underlying fund are: market risk; stock risk; health care sector risk; foreign securities risk; currency risk; small- or medium-sized companies risk; derivatives risk; currency hedging risk; short sales risk; non-diversification risk; and portfolio turnover risk. |
n | Transamerica Evergreen International Small Cap seeks capital growth by investing principally in equity securities of small companies located in at least three countries, one of which may be the United States. The fund normally invests at least 80% of its net assets in equity securities such as common stocks, convertible securities, preferred stocks, ADRs, GDRs and EDRs of small cap issuers. The fund seeks to invest in equity securities of issuers that the sub-adviser believes are well managed and positioned to achieve above-average increases in revenue and earnings and have strong prospects for continued revenue growth. The principal risks of investing in this underlying fund are: market risk; stock risk; foreign securities risk; currency risk; emerging markets risk; small- or medium-sized companies risk; growth stock risk; value investing risk; fixed-income securities risk; preferred stock risk; convertible securities risk; real estate securities risk; REITs risk; derivatives risk; and currency hedging risk. |
n | Transamerica Federated Market Opportunity seeks to provide moderate capital appreciation and high current income by investing, under normal market conditions, in domestic and foreign securities that the fund’s sub-adviser deems to be undervalued or out-of-favor or securities that it believes are attractive due to their income-producing potential. The principal risks of investing in this underlying fund are: market risk; stock risk; value investing risk; foreign securities risk; currency risk; emerging markets risk; fixed-income securities risk; high-yield debt securities risk; country, sector or industry focus risk; convertible securities risk; REITs risk; currency hedging risk; hybrid instruments risk; commodities risk; liquidity risk; leveraging risk; derivatives risk; investment companies risk; exchange-traded funds risk; and portfolio turnover risk. |
n | Transamerica JPMorgan International Bond seeks high total return by investing in high-quality, non-dollar denominated government and corporate debt securities of foreign issuers. The sub-adviser seeks to achieve this objective by investing at least 80% of the fund’s net assets in high-quality bonds. The sub-adviser determines whether to buy and sell securities using a combination of fundamental research and bond currency valuation models. The principal risks of investing in this underlying fund are: market risk; fixed-income securities risk; foreign securities risk; currency risk; emerging markets risk; country, sector or industry focus risk; derivatives risk; currency hedging risk; liquidity risk; and non-diversification risk. |
n | Transamerica JPMorgan Mid Cap Value seeks growth from capital appreciation by investing primarily (at least 80% of net assets under normal conditions) in a broad portfolio of common stocks of companies with market capitalizations of $1 billion to $20 billion at the time of purchase that the fund’s sub-adviser believes to be undervalued. The principal risks of investing in this underlying fund are: market risk; stock risk; foreign securities risk; currency risk; value investing risk; derivatives risk; REITs risk; preferred stock risk; convertible securities risk; and medium-sized companies risk. |
n | Transamerica Jennison Growth seeks long-term growth of capital by investing substantially all of its total assets in equity securities (principally common stocks, preferred stocks, warrants, rights and depositary receipts) of U.S. companies with market capitalizations of at least $1 billion and above average prospects for growth. The principal risks of investing in this underlying fund are: market risk; stock risk; growth stock risk; medium-sized companies risk; foreign securities risk; currency risk; preferred stock risk; and warrants and rights risk. |
n | Transamerica Legg Mason Partners Investors Value seeks long-term growth of capital with current income as a secondary objective by investing principally in common stocks of established U.S. companies. The fund’s sub-adviser focuses on large capitalization companies and seeks to identify companies with favorable valuations and attractive growth potential. To a lesser degree, the fund invests in income producing securities such as debt securities. The principal risks of investing in this underlying fund are: market risk; stock risk; value investing risk; and fixed-income securities risk. |
n | Transamerica Loomis Sayles Bond seeks high total investment return through a combination of current income and capital appreciation by investing fund assets principally in fixed-income securities. The fund normally invests at least 80% of its net assets in fixed-income securities, primarily investment-grade, fixed-income securities, although it may invest up to 35% of its assets in lower-rated fixed-income securities (“junk bonds”) and up to 20% of its assets in preferred stocks. The principal risks of investing in this underlying fund are: market risk; fixed-income securities risk; high-yield debt securities risk; bank loans risk; stock risk; preferred stock risk; foreign securities risk; currency risk; emerging markets risk; mortgage-related securities risk; REITs risk; repurchase agreements risk; Rule 144A securities risk; convertible securities risk; structured notes risk; derivatives risk; currency hedging risk; and liquidity risk. |
n | Transamerica MFS International Equity seeks capital growth by investing primarily in equity securities of foreign companies. Under normal market conditions, at least 80% of the fund’s net assets are invested in common stocks and related equity securities, such as preferred stock, convertible securities and depositary receipts of issuers economically tied to a number of |
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countries throughout the world, including emerging markets. The fund may invest a relatively high percentage of its assets in a single country, a small number of countries, or a particular geographic region. The fund may invest its assets in the stocks of companies it believes to have above average earnings growth potential compared to other companies (growth companies), in the stocks of companies it believes are undervalued compared to their perceived worth (value companies), or in a combination of both. The principal risks of investing in this underlying fund are: market risk; stock risk; foreign securities risk; currency risk; emerging markets risk; small- or medium-sized companies risk; geographic concentration risk; growth stock risk; value investing risk; derivatives risk; preferred stock risk; and convertible securities risk. |
n | Transamerica Marsico Growth seeks long-term growth of capital by investing principally in common stocks. Under normal circumstances, the fund invests primarily in common stocks of large companies selected for their long-term growth potential. The fund’s sub-adviser uses an approach that combines “top down” macro-economic analysis with “bottom up” stock selection. The principal risks of investing in this underlying fund are: market risk; stock risk; growth stock risk; foreign securities risk; currency risk; and emerging markets risk. |
n | Transamerica Marsico International Growth seeks long-term growth of capital by investing primarily in common stocks of foreign companies that are selected for their long-term growth potential. The fund may invest in companies of any size throughout the world, and normally invests in the securities of issuers that are economically tied to one or more foreign countries, and expects to be invested in at least four different foreign countries. The fund may invest in securities of companies economically tied to emerging markets. The principal risks of investing in this underlying fund are: market risk; stock risk; growth stock risk; foreign securities risk; currency risk; emerging markets risk; and small- or medium-sized companies risk. |
n | Transamerica Neuberger Berman International seeks long-term growth of capital by investing primarily in common stocks of foreign companies of any size, including companies in developed and emerging industrialized markets. The fund looks for well-managed and profitable companies that show growth potential and whose stock prices are undervalued. The principal risks of investing in this underlying fund are: market risk; stock risk; value investing risk; foreign securities risk; currency risk; country, sector or industry focus risk; emerging markets risk; small- or medium-sized companies risk; derivatives risk; currency hedging risk; securities lending risk; liquidity risk; and leveraging risk. |
n | Transamerica Oppenheimer Developing Markets aggressively seeks capital appreciation by investing, under normal market conditions, at least 80% of its net assets in equity securities of issuers that are economically tied to one or more emerging markets countries. In selecting securities, the fund’s sub-adviser looks primarily for foreign companies in developing markets with high growth potential. The principal risks of investing in this underlying fund are: market risk; stock risk; growth stock risk; foreign securities risk; currency risk; emerging markets risk; country, sector or industry focus risk; small- or medium-sized companies risk; fixed-income securities risk; convertible securities risk; preferred stock risk; liquidity risk; derivatives risk; currency hedging risk; warrants and rights risk; and portfolio turnover risk. |
n | Transamerica Oppenheimer Small- & Mid-Cap Value seeks capital appreciation by investing, under normal market conditions, 80% of its net assets in equity securities of small-cap and mid-cap domestic and foreign issuers. The fund’s sub-adviser uses a value approach to investing by searching for securities it believes to be undervalued in the marketplace. The principal risks of investing in this underlying fund are: market risk; stock risk; small- or medium-sized companies risk; value investing risk; derivatives risk; foreign securities risk; currency risk; preferred stock risk; fixed-income securities risk; convertible securities risk; currency hedging risk; liquidity risk; and portfolio turnover risk. |
n | Transamerica PIMCO Real Return TIPS seeks maximum real return, consistent with preservation of real capital and prudent investment management by investing principally in Treasury Inflation-Protected Securities (or “TIPS”). The fund’s sub-adviser invests, under normal circumstances, at least 80% of the fund’s net assets in TIPS of varying maturities. The principal risks of investing in this underlying fund are: market risk; fixed-income securities risk; interest rate risk; foreign securities risk; currency risk; derivatives risk; leveraging risk; emerging markets risk; high-yield debt securities risk; stock risk; preferred stock risk; currency hedging risk; tax consequences risk; CPIU measurement risk; liquidity risk; mortgage-related securities risk; and non-diversification risk. |
n | Transamerica PIMCO Total Return seeks maximum total return consistent with preservation of capital and prudent investment management by investing principally in a diversified portfolio of fixed-income securities of varying maturities. The fund may invest its assets in derivative instruments. The principal risks of investing in this underlying fund are: market risk; fixed-income securities risk; derivatives risk; mortgage-related securities risk; foreign securities risk; currency risk; currency hedging risk; leveraging risk; emerging markets risk; high-yield debt securities risk; stock risk; preferred stock risk; and liquidity risk. |
n | Transamerica Schroders International Small Cap seeks to provide long-term capital appreciation by investing primarily in the equity securities of smaller companies located outside the U.S. The sub-adviser employs a fundamental investment approach that considers macroeconomic factors while focusing primarily on company-specific factors, including the company’s potential for long-term growth, financial condition, quality of management and sensitivity to cyclical factors, as well as the relative value of the company’s securities compared to the market as a whole. The principal risks of investing in this underlying fund are: market risk; stock risk; foreign securities risk; currency risk; growth stock risk; smaller companies risk; investment style risk; emerging markets risk; country/regional risk; liquidity risk; and derivatives risk. |
n | Transamerica Third Avenue Value seeks long-term capital appreciation by investing, under normal circumstances, at least 80% of its assets in common stocks of U.S. and non-U.S. issuers. The fund invests in companies regardless of market capitalization, with the mix of its investments at any time |
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depending on the industries and types of securities its sub-adviser believes represent the best values consistent with the fund’s strategies and restrictions. The principal risks of investing in this underlying fund are: market risk; stock risk; foreign securities risk; currency risk; fixed-income securities risk; small- or medium-sized companies risk; high-yield debt securities risk; non-diversification risk; and value investing risk. |
n | Transamerica Thornburg International Value seeks long-term capital appreciation by investing, under normal circumstances, at least 75% of its assets in foreign securities of issuers that are located in a number of countries throughout the world. The fund may invest in emerging markets. The fund’s principal focus will be on traditional or basic stocks; however, the fund’s sub-adviser may include stocks that it believes provide value in a broader or different context. The fund may invest in companies of any size, but invests primarily in the large and middle range of public company market capitalizations. The principal risks of investing in this underlying fund are: market risk; stock risk; foreign securities risk; currency risk; emerging markets risk; small- or medium-sized companies risk; value investing risk; fixed-income securities risk; derivatives risk; and currency hedging risk. |
n | Transamerica UBS Dynamic Alpha seeks to maximize total return, consisting of capital appreciation and current income by investing principally in equity and fixed-income securities of U.S. and foreign issuers and other financial instruments to gain exposure to global equity, global fixed-income and cash equivalent markets including global currencies. The fund is a multi-asset fund. The asset classes in which the fund may invest include, but are not limited to: U.S. and non-U.S. equity securities (including emerging markets equity securities); U.S. and non-U.S. fixed-income securities (including U.S. high-yield, fixed-income and emerging markets debt); and cash equivalents. The principal risks of investing in this underlying fund are: market risk; stock risk; value investing risk, growth stock risk; small- or medium-sized companies risk; fixed-income securities risk; high-yield debt securities risk; prepayment risk; U.S. government agency obligations risk; foreign securities risk; currency risk; emerging markets risk; convertible securities risk; preferred stock risk; derivatives risk; short sales risk; leveraging risk; country, sector or industry focus risk; liquidity risk; non-diversification risk; active trading risk; and investing in other funds risk. |
n | Transamerica UBS Large Cap Value seeks to maximize total return, consisting of capital appreciation and current income by investing, under normal circumstances, at least 80% of its net assets in equity securities of U.S. large capitalization companies. In selecting securities, the fund’s sub-adviser focuses on, among other things, identifying discrepancies between a security’s fundamental value and its market price. The principal risks of investing in this underlying fund are: market risk; stock risk; value investing risk; preferred stock risk; convertible securities risk; warrants and rights risk; and derivatives risk. |
n | Transamerica Van Kampen Emerging Markets Debt seeks high total return by investing primarily in fixed-income securities of government and government-related issuers and, to a lesser extent, of corporate issuers in emerging markets countries. Under normal circumstances, at least 80% of the fund’s net assets will be invested in debt securities of issuers located in emerging markets countries. The principal risks of investing in this underlying fund are: market risk; fixed-income securities risk; foreign securities risk; currency risk; emerging markets risk; derivatives risk; non-diversification risk; and liquidity risk. |
n | Transamerica Van Kampen Mid-Cap Growth seeks capital appreciation by investing, under normal circumstances, at least 80% of its net assets in securities of medium-sized companies at the time of investment. The fund may also invest in common stocks and other equity securities of small- and large- cap companies, as well as preferred stocks, convertible securities, rights and warrants and debt securities. The principal risks of investing in this underlying fund are: market risk; stock risk; growth stock risk; small- or medium-sized companies risk; derivatives risk; foreign securities risk; currency risk; emerging markets risk; convertible securities risk; preferred stock risk; warrants and rights risk; fixed-income securities risk; REITs risk; and investing aggressively risk. |
n | Transamerica Van Kampen Small Company Growth seeks long-term capital appreciation by investing primarily in growth-oriented equity securities of small capitalization companies (under normal circumstances, at least 80% of the fund’s net assets will be invested in such securities). The principal risks of investing in this underlying fund are: market risk; stock risk; smaller companies risk; growth stock risk; foreign securities risk; currency risk; derivatives risk; fixed-income securities risk; emerging markets risk; and REITs risk. |
n | Transamerica WMC Emerging Markets seeks long-term capital appreciation by investing, under normal circumstances, at least 80% of its assets in equity securities of companies that conduct their principal business activities in emerging markets, are organized under the laws of or maintain their principal place of business in emerging markets, or whose securities are traded principally on exchanges in emerging markets. The fund’s sub-adviser considers emerging markets to be markets with rapidly growing economies. The portfolio manager concentrates first on analysis of individual companies, then on analysis of individual sectors, countries and regions. The principal risks of investing in this underlying fund are: market risk; stock risk; growth stock risk; foreign securities risk; currency risk; emerging markets risk; country, sector or industry focus risk; small- or medium-sized companies risk; fixed-income securities risk; convertible securities risk; preferred stock risk; liquidity risk; derivatives risk; currency hedging risk; warrants and rights risk; and portfolio turnover risk. |
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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. |
- Customer Service: | 1-888-233-4339 | |
- Internet: | www.transamericafunds.com | |
- Fax: | 1-888-329-4339 | |
Mailing Address: | Transamerica Fund Services, Inc. | |
P.O. Box 219945 | ||
Kansas City, MO 64121-9945 | ||
Overnight Address: | Transamerica Fund Services, Inc. | |
330 W. 9th Street | ||
Kansas City, MO 64105 |
Minimum | Minimum | |||||||
Initial | Subsequent | |||||||
Investment | Investment | |||||||
(per fund | (per fund | |||||||
Type of Account | account) | account) | ||||||
Regular Accounts | $ | 1,000 | $ | 50 | ||||
IRA, Roth IRA or Coverdell ESA | $ | 1,000 | $ | 50 | ||||
Employer-sponsored Retirement Plans (includes 403(b), SEP and SIMPLE IRA plans) | $ | 1,000 | $ | 50 | ||||
Uniform Gift to Minors (“UGMA”) or Transfer to Minors (“UTMA”) | $ | 1,000 | $ | 50 | ||||
Payroll Deduction and Automatic Investment Plans | $ | 500 | $ | 50 | * |
* | Minimum per monthly fund account investment. |
Note: | 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 |
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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 Transamerica Capital, Inc. (“TCI”), and for investments made by a retirement plan described in Section 401(a), 401(k), 401(m), 403(b) or 457 of the Internal Revenue Code. |
n | Send your completed application and check made payable to Transamerica Fund Services, Inc. |
n | The dealer is responsible for opening your account and providing Transamerica Funds with your taxpayer identification number. |
n | Make your check payable and send to Transamerica Fund Services, Inc. |
n | If you are opening a new account, send your completed application along with your check. |
n | If you are purchasing shares in an existing account(s), please reference your account numbers(s) and the Transamerica fund(s) you wish to invest in. If you do not specify the 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. |
n | Redemption proceeds will be withheld for 15 calendar days from the date of purchase for funds to clear. Certain exceptions may apply. |
n | 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. |
n | 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 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 our website to obtain an AIP request form. |
n | You may request an electronic transfer of funds from your bank account to your Transamerica Funds account. The electronic bank link option must be established in advance before Automated Clearing House (“ACH”) purchases will be accepted. Call Customer Service or visit our 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. |
n | 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. |
n | You may request an electronic transfer of funds from your bank account to your Transamerica Funds account. The electronic bank link option must be established in advance before ACH purchases will be accepted. Call Customer Service or visit our website for information on how to establish an electronic bank link. |
n | You may have money transferred regularly from your payroll to your Transamerica Funds account. Call Customer Service to establish this deduction. |
n | You may request that your bank wire funds to your Transamerica Funds account (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: |
n | Shares will be purchased at the next determined NAV after receipt of your wire if you have supplied all other required information. |
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n | 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. |
n | 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. |
n | Written Request: Send a letter requesting a withdrawal to Transamerica Funds. Specify the 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%. |
n | Telephone or Internet Request: You may request your redemption by phone or internet. Certain IRAs and qualified retirement plans may not be eligible. |
n | This request must be in writing, regardless of amount, signed by all account owners with an original signature guarantee. |
n �� | 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 our website to obtain the appropriate form to complete. |
n | You may redeem your shares through an authorized dealer (they may impose a service charge). Contact your Registered Representative or call Customer Service for assistance. |
n | The type of account you have and if there is more than one shareholder. |
n | 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. |
n | 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. |
n | 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. |
n | Each 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. |
n | Redemption proceeds will be withheld for 15 calendar days from the date of purchase for funds to clear. Certain exceptions may apply. |
n | Shares will normally be redeemed for cash, although each fund retains the right to redeem its shares in kind. Please see the SAI for more details. |
n | 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. |
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n | You may request an exchange in writing, by phone, or by accessing your account through the internet. |
n | You can exchange shares in one fund for shares in the same class of another fund offered in this prospectus. |
n | 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. |
n | 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 the prospectus of that fund carefully. |
n | If you exchange all your 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. |
n | Class T shares of Transamerica Equity may be exchanged for only Class A shares of any Transamerica fund offered in this prospectus, other than Transamerica Equity. |
n | You may not exchange other classes of shares of the Transamerica Funds for Class T shares of Transamerica Equity. |
n | Transamerica Funds reserves the right to modify or terminate the exchange privilege at any time upon 60 days’ written notice. |
n | 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. |
n | 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. |
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Account Balance | Fee Assessment | |
(per fund account) | (per fund account) | |
If your balance is below $1,000 per fund account | $25 annual fee assessed, until balance reaches $1,000 | |
n | accounts opened within the preceding 12 months |
n | accounts with an active monthly Automatic Investment Plan or payroll deduction ($50 minimum per fund account) |
n | accounts owned by an individual which, when combined by Social Security Number, have a balance of $5,000 or more |
n | accounts owned by individuals in the same household (by address) that have a combined balance of $5,000 or more |
n | accounts for which Transamerica Funds in its discretion has waived the minimum account balance requirements |
n | UTMA/UGMA accounts (held at Transamerica Funds) |
n | State Street Custodial Accounts (held at Transamerica Funds) |
n | Coverdell ESA accounts (held at Transamerica Funds) |
n | Omnibus and Network Level 3 accounts |
n | 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) |
n | 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. |
n | You would like a check made payable to anyone other than the shareholder(s) of record. |
n | You would like a check mailed to an address which has been changed within 10 days of the redemption request. |
n | You would like a check mailed to an address other than the address of record. |
n | You would like your redemption proceeds wired to a bank account other than a bank account of record. |
n | You are adding or removing a shareholder from an account. |
n | You are changing ownership of an account. |
n | When establishing an electronic bank link, if the Transamerica Funds’ account holder’s name does not appear on the check. |
n | It does not appear valid or in good form. |
n | The transaction amount exceeds the surety bond limit of the original signature guarantee. |
n | The guarantee stamp has been reported as stolen, missing or counterfeit. |
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As a % of Dollar | ||||
Amount (Subject | ||||
Year after Purchasing | to Change) | |||
First | 5 | % | ||
Second | 4 | % | ||
Third | 3 | % | ||
Fourth | 2 | % | ||
Fifth | 1 | % | ||
Sixth and Later | 0 | % |
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Charges
n | Substantial investments receive lower sales charge rates (see tables below). |
n | The “rights of accumulation” allows you, your spouse and children under age 21 to include the value of your existing holdings in any class of shares of the Transamerica Funds to determine your Class A or Class T sales charge. Breakpoints are derived from the daily NAV at the market close, the current combined NAV value at the time of the purchase and the gross amount of the new purchase. |
n | A Letter of Intent (“LOI”) allows you, your spouse and children under the age of 21 to count all share investments, up to a maximum of $1 million, in a Transamerica fund over the next 13 months, as if you were making them all at once, to qualify for reduced sales charges on your Class A or Class T investments. The 13 month period will begin on the date of your first purchase following the execution of your LOI. The market value of your existing holdings eligible to be aggregated as of the trading day immediately before the start of your LOI period will be credited toward satisfying your LOI. Purchases made at NAV after the establishment of your LOI (as a result of another waiver or sales charge reduction) shall not count toward meeting the amount |
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stated in your LOI. Transamerica Funds will reserve a portion of your shares to cover any additional sales charge that may apply if your LOI amount is not met. |
n | By investing as part of a qualified group. An individual who is a member of a qualified group may purchase Class A or Class T shares at the reduced sales charge applicable to that group as a whole. A “qualified group” is one which has at least ten members; has been in existence for at least six months; has some purpose in addition to the purchase of mutual fund shares at a discount; has agreed to include fund sales publications in mailings to members; has arrangements made for access to the group which are satisfactory to Transamerica Funds’ transfer agent; has arrangements satisfactory to Transamerica Funds’ transfer agent established for verification that the group meets these requirements; and the group’s sole organizational nexus or connection is not that the members are credit card holders of a company, policy holders of an insurance company, customers of a bank or a broker-dealer, clients of an investment adviser or security holders of a company. Transamerica Funds reserves the right to waive the requirement that the group continue to meet the minimum membership requirement or the requirement that an investor continues to belong to the group in order to qualify for lower sales charges (but not to waive either of these requirements initially). To establish a group purchase program, both the group itself and each participant must complete an application. Please contact Customer Service (1-888-233-4339) for further information and assistance. Qualified group accounts are not eligible to be counted under a rights of accumulation or LOI sales charge reduction or waiver with accounts other than accounts in the qualified group. |
n | By investing in a SIMPLE IRA plan, you and all plan participants will receive a reduced sales charge on all plan contributions that exceed quantity discount amounts. SIMPLE IRA plan accounts are not eligible to be counted under a rights of accumulation or LOI sales charge reduction or waiver with accounts other than accounts in the SIMPLE IRA plan. |
Class A Share Quantity Discounts | ||||||||||
(all funds except Transamerica bond funds | ||||||||||
and Transamerica Money Market1) | ||||||||||
Sales | Sales | |||||||||
Charge as | Charge | |||||||||
% of | as % of | |||||||||
Offering | Amount | |||||||||
Amount of Purchase* | Price | Invested | ||||||||
Under $50,000 | 5.50 | % | 5.82 | % | ||||||
$50,000 to under $100,000 | 4.75 | % | 4.99 | % | ||||||
$100,000 to under $250,000 | 3.50 | % | 3.63 | % | ||||||
$250,000 to under $500,000 | 2.75 | % | 2.83 | % | ||||||
$500,000 to under $1,000,000 | 2.00 | % | 2.04 | % | ||||||
$1,000,000 and over | 0.00 | % | 0.00 | % | ||||||
Class A Share Quantity Discounts | ||||||||||
(Transamerica bond funds2 except | ||||||||||
Transamerica Short-Term Bond) | ||||||||||
Sales | Sales | |||||||||
Charge as | Charge | |||||||||
% of | as % of | |||||||||
Offering | Amount | |||||||||
Amount of Purchase* | Price | Invested | ||||||||
Under $50,000 | 4.75 | % | 4.99 | % | ||||||
$50,000 to under $100,000 | 4.00 | % | 4.17 | % | ||||||
$100,000 to under $250,000 | 3.50 | % | 3.63 | % | ||||||
$250,000 to under $500,000 | 2.25 | % | 2.30 | % | ||||||
$500,000 to under $1,000,000 | 1.25 | % | 1.27 | % | ||||||
$1,000,000 and over | 0.00 | % | 0.00 | % | ||||||
Class T Share Quantity Discounts | ||||||||||
(Transamerica Equity) | ||||||||||
Sales | Sales | |||||||||
Charge as | Charge | |||||||||
% of | as % of | |||||||||
Offering | Amount | |||||||||
Amount of Purchase* | Price | Invested | ||||||||
Under $10,000 | 8.50 | % | 9.29 | % | ||||||
$10,000 to under $25,000 | 7.75 | % | 8.40 | % | ||||||
$25,000 to under $50,000 | 6.25 | % | 6.67 | % | ||||||
$50,000 to under $75,000 | 5.75 | % | 6.10 | % | ||||||
$75,000 to under $100,000 | 5.00 | % | 5.26 | % | ||||||
$100,000 to under $250,000 | 4.25 | % | 4.44 | % | ||||||
$250,000 to under $500,000 | 3.00 | % | 3.09 | % | ||||||
$500,000 to under $1,000,000 | 1.25 | % | 1.27 | % | ||||||
$1,000,000 and over | 0.00 | % | 0.00 | % | ||||||
Class A Share Quantity Discounts | ||||||||||
(Transamerica Short-Term Bond) | ||||||||||
Sales | Sales | |||||||||
Charge as | Charge | |||||||||
% of | as % of | |||||||||
Offering | Amount | |||||||||
Amount of Purchase* | Price | Invested | ||||||||
Under $500,000 | 2.50 | % | 2.56 | % | ||||||
$500,000 to under $750,000 | 2.00 | % | 2.04 | % | ||||||
$750,000 to under $1,000,000 | 1.50 | % | 1.52 | % | ||||||
$1,000,000 and over | 0.00 | % | 0.00 | % | ||||||
1 | There is no sales charge on Class A Shares of Transamerica Money Market. |
2 | Transamerica bond funds include Transamerica Flexible Income, Transamerica Convertible Securities, Transamerica High Yield Bond and Transamerica Short-Term Bond. |
* | The transfer agent, TFS, must be notified when a purchase is made that qualifies under any of the above provisions. Consequently, when a purchaser acquires shares directly from Transamerica Funds, he/she must indicate in his/her purchase order that such purchase qualifies under any of the above provisions, and must provide enough information to substantiate that claim. When a purchaser acquires shares through a dealer or other financial intermediary, he/she must inform his/her dealer or other financial intermediary of any facts that may qualify a purchase for any of the above provisions, such as, for example, |
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information about other holdings of Class A or Class T shares of the funds that the purchaser has, directly with Transamerica Funds, or through other accounts with dealers or financial intermediaries. To substantiate a claim, it may be necessary for a purchaser to provide TFS or his/her dealer or other financial intermediary information or records regarding shares of Transamerica Funds held in all accounts (e.g., retirement plan accounts) of the purchaser directly with Transamerica Funds or with one or several dealers or other financial intermediaries, including to substantiate “rights of accumulation” accounts held by a spouse and children under age 21. |
n | Current and former trustees, directors, officers, and employees of Transamerica Funds and its affiliates; employees of Transamerica Funds sub-advisers; sales representatives and employees of dealers having a sales agreement with Transamerica Funds’ distributor, TCI; and any family members thereof; |
n | Any trust, pension, profit-sharing or other benefit plan for any of the foregoing persons; |
n | “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; |
n | Employer-sponsored retirement plans described in Section 401(a), 401(k), 401(m), or 457 of the Internal Revenue Code with assets of $1 million or more and whose accounts are held through an Omnibus or Network Level 3 account arrangement; |
n | Retirement plans described in Section 401(a), 401(k), 401(m), or 457 of the Internal Revenue Code whose accounts are held through an Omnibus or Network Level 3 account arrangement that purchased Class A shares without a sales charge prior to August 31, 2007; |
n | Other retirement plans that purchased Class A shares without a sales charge prior to April 28, 2006; |
n | Other retirement plans whose accounts are held through an arrangement with Morgan Stanley & Co. Incorporated; |
n | Other retirement plans whose accounts are held through an arrangement with Ascensus (formerly BISYS Retirement); |
n | Other retirement plans, non-qualified brokerage accounts, and other accounts that are held through an arrangement with Transamerica Retirement Management; and |
n | Other individual retirement accounts held in the Merrill Lynch Investor Choice Annuity (IRA Series) with Merrill Lynch Life Insurance Company and ML Life Insurance Company of New York. |
n | Following the death of the shareholder on redemptions from the deceased person’s account only. If this deceased person’s account is re-registered to another name, sales charges would continue to apply to this new account. The transfer agent will require satisfactory proof of death before it determines to waive the CDSC fee. |
n | Following the total disability of the shareholder (as determined by the Social Security Administration — applies only to shares held at the time the disability is determined). The transfer agent will require satisfactory proof of disability before it determines to waive the CDSC fee. |
n | On redemptions made under Transamerica Funds’ systematic withdrawal plan (may not exceed 12% of the account value per fund on the day the systematic withdrawal plan was established). NOTE: The amount redeemed under this waiver does not need to be under a systematic withdrawal plan. If it is not under a systematic withdrawal plan, it is limited to one redemption per calendar year up to 12% of your account balance per fund at the time of redemption. |
n | If you redeem your shares and reinvest the proceeds in the same class of any fund within 90 days of redeeming, the sales charge on the first redemption is waived. |
to Class R Shares
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n | 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase plans, defined-benefit plans and non-qualified deferred compensation plans (eligible retirement plans). |
n | Class R shares are available only to eligible retirement plans where Class R shares are held on the books of the funds through omnibus or Network Level 3 accounts (either at the plan level or at the level of the financial service firm serving as an intermediary). |
n | The plan’s recordkeeper or financial service firm serving as an intermediary must have an agreement with Transamerica Funds or its agents to utilize Class R shares in certain investment products or programs. |
to All Share Classes
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145
146
147
n | 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). |
n | Distributions designated by the 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 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. |
n | Other distributions generally will be taxed at the ordinary income tax rate applicable to the shareholder. |
148
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APPENDIX A-1
n | CHANGES IN INTEREST RATES. Bond prices tend to move inversely to interest rates. Why? Because when interest rates on new bond issues go up, rates on existing bonds stay the same and they become less desirable. When rates go down, the reverse happens. This is also true for most preferred stocks and some convertible securities. |
n | LENGTH OF TIME TO MATURITY. When a bond matures, the issuer must pay the owner its face value. If the maturity date is a long way off, many things can affect its value, so a bond generally is more volatile the farther it is from maturity. As that date approaches, fluctuations usually become smaller and the price gets closer to face value. |
n | DEFAULTS. Bond issuers make at least two promises: (1) to pay interest during the bond’s term; and (2) to return principal when it matures. If an issuer fails to keep one or both of these promises, the bond will probably drop in price dramatically, and may even become worthless. |
n | DECLINES IN RATINGS. At the time of issue, most bonds are rated by professional rating services, such as Moody’s Investors Service (“Moody’s”) and Standard & Poors Ratings Group (“S&P”). The stronger the financial backing behind the bond, the higher the rating. If this backing is weakened or lost, the rating service may downgrade the bond’s rating. This is virtually certain to cause the bond to drop in price. |
n | LOW QUALITY. High-yield/high-risk securities (commonly known as “junk bonds”) have greater credit risk; are more sensitive to interest rate movements; are considered more speculative; have a greater vulnerability to economic changes, subject to greater price volatility; and are less liquid than higher quality fixed-income securities. These securities may be more susceptible to credit risk and market risk than higher quality debt securities because their issuers may be 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 higher quality debt securities. As a result, a sub-adviser of a fund 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. |
n | LOSS OF LIQUIDITY. If a bond is downgraded, or for other reasons drops in price, or if the bond is a type of investment that falls out of favor with investors, the market demand for it may “dry up.” In that case, the bond may be hard to sell or “liquidate” (convert to cash). Please see Appendix B for a description of bond ratings. |
n | CHANGES IN CURRENCY VALUES. Foreign securities may be sold in currencies other than U.S. dollars. If a currency’s value drops relative to the dollar, the value of your fund shares could drop too. Also, dividend and interest payments may be lower. Factors affecting exchange rates include, without limitation: differing interest rates among countries; balances of trade; amount of a country’s overseas investments; and intervention by banks. Some funds also invest in American Depositary Receipts (“ADRs”) and American Depositary Shares (“ADSs”). They represent securities of foreign companies traded on U.S. exchanges, and their values are expressed in U.S. dollars. Changes in the value of the underlying foreign currency will change the value of the ADRs or ADSs. The fund may incur costs when it converts other currencies into dollars, and vice-versa. |
n | CURRENCY SPECULATION. The foreign currency market is largely unregulated and subject to speculation. A fund’s investments in foreign currency-denominated securities may reduce the returns of the fund. |
n | DIFFERING ACCOUNTING AND REPORTING PRACTICES. Foreign tax laws are different, as are laws, practices and standards for accounting, auditing and reporting data to investors. |
n | LESS INFORMATION AVAILABLE TO THE PUBLIC. Foreign companies usually make far less information available to the public. |
n | LESS REGULATION. Securities regulations in many foreign countries are more lax than in the U.S. In addition, regulation of banks and capital markets can be weak. |
n | MORE COMPLEX NEGOTIATIONS. Because of differing business and legal procedures, a fund might find it hard to enforce obligations or negotiate favorable brokerage commission rates. |
n | LESS LIQUIDITY/MORE VOLATILITY. Some foreign securities are harder to convert to cash than U.S. securities, and their prices may fluctuate more dramatically. |
n | SETTLEMENT DELAYS. “Settlement” is the process of completing payment and delivery of a securities transaction. In many countries, this process takes longer than it does in the U.S. |
n | HIGHER CUSTODIAL CHARGES. Fees charged by the fund’s custodian for holding shares are higher for foreign securities than those of domestic securities. |
n | VULNERABILITY TO SEIZURE AND TAXES. Some governments can seize assets. They may also limit movement of assets from the country. Fund interest, dividends and capital gains may be subject to foreign withholding taxes. |
APPENDIX A-2
n | POLITICAL OR FINANCIAL INSTABILITY AND SMALL MARKETS. Developing countries can be politically unstable. Economies can be dominated by a few industries, and markets may trade a small number of securities. |
n | DIFFERENT MARKET TRADING DAYS. Foreign markets may not be open for trading the same days as U.S. markets are open, and asset values can change before a transaction occurs. |
n | CURRENCY HEDGING. A fund may enter into forward currency contracts to hedge against declines in the value of securities denominated in, or whose value is tied to, a currency other than the U.S. dollar or to reduce the impact of currency fluctuation on purchases and sales of such securities. Shifting a fund’s currency exposure from one currency to another removes the fund’s opportunity to profit from the original currency and involves a risk of increased losses for the fund if the sub-adviser’s projection of future exchange rates is inaccurate. |
n | EMERGING MARKETS RISK. Investing in the securities of issuers located in or principally doing business in emerging markets bears foreign exposure 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 typically 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, more difficult to value and more volatile than investments in developed countries. In addition, a fund investing in emerging markets countries may be required to establish special custody or other arrangements before investing. |
n | MANAGEMENT RISK. Derivative products are highly specialized instruments that require investment techniques and risk analyses different from those associated with stocks and bonds. The use of a derivative requires an understanding not only of the underlying instrument but also of the derivative itself, without the benefit of observing the performance of the derivative under all possible market conditions. |
n | CREDIT RISK. The use of a derivative instrument involves the risk that a loss may be sustained as a result of the failure of another party to the contract (counterparty) to make required payments or otherwise comply with the contract’s terms. Additionally, credit default swaps could result in losses if a fund does not correctly evaluate the creditworthiness of the company on which the credit default swap is based. |
n | LIQUIDITY RISK. Liquidity risk exists when particular investments are difficult to sell. Although most of the fund’s securities must be liquid at the time of investment, securities may become illiquid after purchase by the fund, particularly during periods of market turmoil. When the fund holds illiquid investments, the portfolio may be harder to value, especially in changing markets, and if the fund is forced to sell these investments to meet redemptions or for other cash needs, the fund may suffer a loss. In addition, when there is illiquidity in the market for certain securities, the fund, due to limitations on investments in illiquid securities, may be unable to achieve its desired level of exposure to a certain sector. |
APPENDIX A-3
n | LEVERAGE RISK. When the fund engages in transactions that have a leveraging effect on the fund’s portfolio, the value of the fund will be more volatile and all other risks will tend to be compounded. This is because leverage generally magnifies the effect of any increase or decrease in the value of the fund’s underlying assets or creates investment risk with respect to a larger pool of assets than the fund would otherwise have. The fund may take on leveraging risk by, among other things, engaging in derivative, when-issued, delayed-delivery, forward commitment or forward roll transactions or reverse repurchase agreements. Engaging in such transactions may cause the fund to liquidate positions when it may not be advantageous to do so to satisfy its obligations or meet segregation requirements. |
n | LACK OF AVAILABILITY. Suitable derivatives transactions may not be available in all circumstances for risk management or other purposes. There is no assurance that a fund will engage in derivatives transactions at any time or from time to time. A fund’s ability to use derivatives may be limited by certain regulatory and tax considerations. |
n | MARKET AND OTHER RISKS. Like most other investments, derivative instruments are subject to the risk that the market value of the instrument will change in a way that is detrimental to a fund’s interest. If a fund manager incorrectly forecasts the value of securities, currencies or interest rates or other economic factors in using derivatives for a fund, the fund might have been in a better position if it had not entered into the transaction at all. While some strategies involving derivative instruments can reduce the risk of loss, the can also reduce the opportunity for gain or even result in losses by offsetting favorable price movements in other fund investments. A fund may also have to buy or sell a security at a disadvantageous time or price because the fund is legally required to maintain offsetting positions or asset coverage in connection with certain derivative transactions. |
n | securities issued or guaranteed by the U.S. Government, its agencies or government-sponsored enterprises, including issues by non-government-sponsored entities (like financial institutions) that carry direct guarantees from U.S. government agencies as part of government initiatives in response to the market crisis or otherwise (“U.S. Government Securities”); |
n | corporate debt securities of U.S. and non-U.S. issuers, including convertible securities and corporate commercial paper; |
n | mortgage-backed and other asset-backed securities; |
n | inflation-indexed bonds issued both by governments and corporations; |
n | structured notes, including hybrid or “indexed” securities, event-linked bonds and loan participations; |
n | delayed funding loans and revolving credit facilities; |
n | bank certificates of deposit, fixed time deposits and bankers’ acceptances; |
n | repurchase agreements and reverse repurchase agreements; |
n | debt securities issued by states or local governments and their agencies, authorities and other government-sponsored enterprises; |
n | obligations of non-U.S. governments or their subdivisions, agencies and government-sponsored enterprises; and |
n | obligations of international agencies or supranational entities. |
n | market risk: fluctuations in market value |
n | 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 |
APPENDIX A-4
or duration, the more sensitive the value of a fixed-income security is to fluctuations in interest rates |
n | 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 |
n | 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 |
n | 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. |
APPENDIX A-5
APPENDIX A-6
n | declining real estate value |
n | risks relating to general and local economic conditions |
n | over-building |
n | increased competition for assets in local and regional markets |
n | increases in property taxes |
n | increases in operating expenses or interest rates |
n | change in neighborhood value or the appeal of properties to tenants |
n | insufficient levels of occupancy |
n | inadequate rents to cover operating expenses |
APPENDIX A-7
n | COMMODITY SWAPS. An investment in a commodity swap agreement may, for example, involve the exchange of floating-rate interest payments for the total return on a commodity index. In a total return commodity swap, a fund will receive the price appreciation of a commodity index, a portion of the index, or a single commodity in exchange for paying an agreed-upon fee. If the commodity swap is for one period, the fund may pay a fixed fee, established at the outset of the swap. However, if the term of the commodity swap is more than one period, with interim swap payments, the fund may pay an adjustable or floating fee. With a “floating” rate, the fee may be pegged to a base rate, such as the London Interbank Offered Rate, and is adjusted each period. Therefore, if interest rates increase over the term of the swap contract, the fund may be required to pay a higher fee at each swap reset date. |
n | INTEREST RATE SWAPS. Interest rate swaps involve the exchange by a fund with another party of their respective commitments to pay or receive interest, e.g., an exchange of floating rate payments for fixed rate payments. The exchange commitments can involve payments to be made in the same currency or in different currencies. The purchase of an interest rate cap entitles the purchaser, to the extent that a specified index exceeds a predetermined interest rate, to receive payments of interest on a contractually based principal amount from the party selling the interest rate cap. The purchase of an interest rate floor entitles the purchaser, to the extent that a specified index falls below a predetermined interest rate, to receive payments of interest on a contractually based principal amount from the party selling the interest rate floor. |
APPENDIX A-8
n | a new product or process; |
n | a management change; |
n | a technological breakthrough; |
n | an extraordinary corporate event; or |
n | a temporary imbalance in the supply of, and demand for, the securities of an issuer. |
(1) | Whenever the sub-adviser intends to make a sale, the sub-adviser will seek to always sell the highest cost lots; when the manager expects the sale will result in a capital gain, the manager looks for a capital loss that can be taken in another stock where the sale also makes economic sense. |
(2) | When taxable dividends and interest accumulates, the sub-adviser looks for short term losses to take to offset the income. In either case, the sub-adviser tries to accomplish this tax efficiency without compromising the investment opportunity in the fund. |
APPENDIX A-9
n | high volatility; |
n | no track record for consideration; |
n | securities may be illiquid; and |
n | earnings are less predictable. |
APPENDIX A-10
APPENDIX A-11
Bond Rating | Explanation | |||
Standard & Poor’s Corporation | AAA | Highest rating; extremely strong capacity to pay principal and interest. | ||
AA | High quality; very strong capacity to pay principal and interest. | |||
A | Strong capacity to pay principal and interest; somewhat more susceptible to the adverse effects of changing circumstances and economic conditions. | |||
BBB | Adequate capacity to pay principal and interest; normally exhibit adequate protection parameters, but adverse economic conditions or changing circumstances more likely to lead to a weakened capacity to pay principal and interest than for higher rated bonds. | |||
BB,B, and CCC,CC,C | Predominantly speculative with respect to the issuer’s capacity to meet required interest and principal payments. BB — lowest degree of speculation; C — the highest degree of speculation. Quality and protective characteristics outweighed by large uncertainties or major risk exposure to adverse conditions. | |||
D | In default. |
Moody’s Investors Service, Inc. | Aaa | Highest quality, smallest degree of investment risk. | ||
Aa | High quality; together with Aaa bonds, they compose the high-grade bond group. | |||
A | Upper-medium grade obligations; many favorable investment attributes. | |||
Baa | Medium-grade obligations; neither highly protected nor poorly secured. Interest and principal appear adequate for the present but certain protective elements may be lacking or may be unreliable over any great length of time. | |||
Ba | More uncertain, with speculative elements. Protection of interest and principal payments not well safeguarded during good and bad times. | |||
B | Lack characteristics of desirable investment; potentially low assurance of timely interest and principal payments or maintenance of other contract terms over time. | |||
Caa | Poor standing, may be in default; elements of danger with respect to principal or interest payments. | |||
Ca | Speculative in a high degree; could be in default or have other marked shortcomings. | |||
C | Lowest rated; extremely poor prospects of ever attaining investment standing. |
1. | An application for rating was not received or accepted. |
2. | The issue or issuer belongs to a group of securities or companies that are not rated as a matter of policy. | |
3. | There is a lack of essential data pertaining to the issue or issuer. | |
4. | The issue was privately placed, in which case the rating is not published in Moody’s publications. |
APPENDIX B-1
Fitch, Inc. | AAA | Highest credit quality. “AAA” ratings denote the lowest expectation of credit risk. They are assigned only in case of exceptionally strong capacity for timely payment of financial commitments. This capacity is highly unlikely to be adversely affected by foreseeable events. | ||
AA | Very high credit quality. “AA” ratings denote a very low expectation of credit risk. They indicate very strong capacity for timely payment of financial commitments. This capacity is not significantly vulnerable to foreseeable events. | |||
A | High credit quality. “A” ratings denote a low expectation of credit risk. The capacity for timely payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to changes in circumstances or in economic conditions than is the case for higher ratings. | |||
BBB | Good credit quality. “BBB” ratings indicate that there is currently a low expectation of credit risk. The capacity for timely payment of financial commitments is considered adequate, but adverse changes in circumstances and in economic conditions are more likely to impair this capacity. This is the lowest investment-grade category. | |||
BB | Speculative. “BB” ratings indicate that there is a possibility of credit risk developing, particularly as the result of adverse economic change over time; however, business or financial alternatives may be available to allow financial commitments to be met. Securities rated in this category are not investment grade. | |||
B | Highly speculative. “B” ratings indicate that significant credit risk is present, but a limited margin of safety remains. Financial commitments are currently being met; however, capacity for continued payment is contingent upon a sustained, favorable business and economic environment. | |||
CCC, CC, C | High default risk. “CCC” ratings indicate that default is a real possibility. Capacity for meeting financial commitments is solely reliant upon sustained, favorable business or economic developments. A “CC” rating indicates that default of some kind appears probable. “C” ratings signal imminent default. | |||
DDD, DD, D | Default. The ratings of obligations in this category are based on their prospects for achieving partial or full recovery in a reorganization or liquidation of the obligor. While expected recovery values are highly speculative and cannot be estimated with any precision, the following serve as general guidelines. “DDD” obligations have the highest potential for recovery, around 90% – 100% of outstanding amounts and accrued interest. “DD” indicates potential recoveries in the range of 50% – 90%, and “D” the lowest recovery potential, i.e., below 50%. Entities rated in this category have defaulted on some or all of their obligations. Entities rated “DDD” have the highest prospect for resumption of performance or continued operation with or without a formal reorganization process. Entities rated “DD” and “D” are generally undergoing a formal reorganization or liquidation process; those rated “DD” are likely to satisfy a higher portion of their outstanding obligations, while entities rated “D” have a poor prospect for repaying all obligations. |
APPENDIX B-2
• | Information we receive from you on applications or other forms, such as your name, address and account number; |
• | Information about your transactions with us, our affiliates, or others, such as your account balance and purchase/redemption history; and |
• | Information we receive from non-affiliated third parties, including consumer reporting agencies. |
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Section A — Fund Descriptions | 2 | |||
Transamerica American Century Large Company Value | 2 | |||
Transamerica Bjurman, Barry Micro Emerging Growth | 6 | |||
Transamerica BlackRock Large Cap Value | 9 | |||
Transamerica JPMorgan Mid Cap Value | 13 | |||
Transamerica Jennison Growth | 17 | |||
Transamerica Legg Mason Partners Investors Value | 21 | |||
Transamerica Marsico Growth | 24 | |||
Transamerica Third Avenue Value | 28 | |||
Transamerica Oppenheimer Small- & Mid-Cap Value | 32 | |||
Transamerica BNY Mellon Market Neutral Strategy | 36 | |||
Transamerica Equity | 41 | |||
Transamerica Growth Opportunities | 45 | |||
Transamerica Small/Mid Cap Value | 49 | |||
Transamerica UBS Large Cap Value | 53 | |||
Transamerica Van Kampen Mid-Cap Growth | 57 | |||
Transamerica Van Kampen Small Company Growth | 62 | |||
Transamerica BlackRock Global Allocation | 66 | |||
Transamerica Clarion Global Real Estate Securities | 73 | |||
Transamerica Evergreen Health Care | 78 | |||
Transamerica BlackRock Natural Resources | 82 | |||
Transamerica Federated Market Opportunity | 87 | |||
Transamerica Convertible Securities | 93 | |||
Transamerica Science & Technology | 97 | |||
Transamerica AllianceBernstein International Value | 101 | |||
Transamerica Schroders International Small Cap | 106 | |||
Transamerica Evergreen International Small Cap | 110 | |||
Transamerica MFS International Equity | 115 | |||
Transamerica Marsico International Growth | 119 | |||
Transamerica Neuberger Berman International | 123 | |||
Transamerica Thornburg International Value | 127 | |||
Transamerica Oppenheimer Developing Markets | 131 | |||
Transamerica WMC Emerging Markets | 136 | |||
Transamerica Templeton Global | 141 | |||
Transamerica PIMCO Real Return TIPS | 146 | |||
Transamerica JPMorgan International Bond | 151 | |||
Transamerica PIMCO Total Return | 155 | |||
Transamerica UBS Dynamic Alpha | 160 | |||
Transamerica Flexible Income | 166 | |||
Transamerica High Yield Bond | 172 | |||
Transamerica Short-Term Bond | 175 | |||
Transamerica Loomis Sayles Bond | 179 | |||
Transamerica Van Kampen Emerging Markets Debt | 185 | |||
Transamerica Balanced | 189 | |||
Transamerica Value Balanced | 195 | |||
Transamerica Money Market | 201 | |||
Financial Highlights | 204 | |||
Section B — Shareholder Information | 218 | |||
Investment Adviser | 218 | |||
Buying and Selling Shares | 218 | |||
Pricing of Shares | 218 | |||
Features and Policies | 219 | |||
Distribution of Shares | 220 | |||
Other Distribution or Service Arrangements | 220 | |||
Distributions and Taxes | 220 | |||
- | APPENDIX A — MORE ON STRATEGIES AND RISKS | A-1 | ||
- | APPENDIX B — BOND RATINGS | B-1 |
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OBJECTIVE What is the fund’s investment objective? Learn about your fund’s goal or objective. |
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PRINCIPAL STRATEGIES AND POLICIES How does the fund go about trying to meet its goal? Read about the key types of investments each fund contains and what style of investment philosophy it employs. |
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PRINCIPAL RISKS What are the specific key risks for an investor in the fund? Find out what key types of risks are associated with each fund. |
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PAST PERFORMANCE What is the investment performance of the fund? See how well each fund has performed in the past year, five years, ten years or since its inception. |
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FEES AND EXPENSES How much does it cost to invest in the fund? Learn about each fund’s fees and expenses. |
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ADDITIONAL INFORMATION Who manages the fund and how much are they paid? See information about each fund’s advisers, as well as the fees paid to them. |
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- | U.S. equity securities |
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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 |
- | 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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Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 12/31/2006 | 7.31 | % | |||||||||
Worst Quarter: | 12/31/2008 | (21.10) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (37.15)% | (8.66)% | ||||||
Return after taxes on distributions3 | (37.91)% | (9.75)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (24.15)% | (7.34)% | ||||||
S&P 500 Index (reflects no deductions for fees, expenses or taxes) | (37.00)% | (7.61)% | ||||||
Russell 1000 ® Value Index (secondary) (reflects no deduction for fees, expenses, or taxes) | (36.85)% | (7.45)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
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. |
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Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.81% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.04% | ||
Total annual fund operating expenses | 0.85% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 87 | $ | 271 | $ | 471 | $ | 1,049 | ||||||||
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Average Daily Net Assets | ||||
First $250 million | 0.835% | |||
Over $250 million up to $400 million | 0.80% | |||
Over $400 million up to $750 million | 0.775% | |||
Over $750 million | 0.70% |
First $250 million | 0.40% | |||
Over $250 million up to $500 million | 0.375% | |||
Over $500 million up to $750 million | 0.35% | |||
Over $750 million | 0.30% |
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Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2007 | 4.68% | ||||||||||
Worst Quarter: | 12/31/2008 | (26.21)% | ||||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (47.26)% | (19.20)% | ||||||
Return after taxes on distributions3 | (47.26)% | (19.20)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (30.72)% | (15.92)% | ||||||
Russell 2000 ® Growth Index (reflects no deduction for fees, expenses, or taxes) | (38.54)% | (11.63)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I commenced operations August 1, 2006. |
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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Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 1.05% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.07% | ||
Total annual fund operating expenses | 1.12% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 1.12% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.25% of average daily net assets, excluding certain extraordinary expenses. TAM is entitled to reimbursement by the fund of fees waived or expenses |
7
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 1.25% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 114 | $ | 356 | $ | 617 | $ | 1,363 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 1.05% | |||
Over $250 million up to $500 million | 1.00% | |||
Over $500 million | 0.975% |
8
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | Relative price earnings and price to book ratios |
- | Stability and quality of earnings |
- | Earnings momentum and growth |
- | Weighted median market capitalization of the fund’s portfolio |
- | Allocation among the economic sectors of the fund’s portfolio as compared to the index |
- | Weighted individual stocks within the applicable index |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
9
- | 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 |
- | 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. |
10
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678141.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 12/31/2006 | 7.11% | ||||||||||
Worst Quarter: | 12/31/2008 | (20.04)% | ||||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (36.20)% | (7.02)% | ||||||
Return after taxes on distributions3 | (36.37)% | (7.57)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (23.30)% | (5.69)% | ||||||
Russell 1000 ® Value Index (reflects no deduction for fees, expenses, or taxes) | (36.85)% | (7.45)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.79% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.04% | ||
Total annual fund operating expenses | 0.83% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.83% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.00% of average daily net assets, excluding certain 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 1.00% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 85 | $ | 265 | $ | 460 | $ | 1,025 | ||||||||
11
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 0.80% | |||
Over $250 million up to $750 million | 0.775% | |||
Over $750 million | 0.75% |
First $250 million | 0.35% | |||
Over $250 million up to $750 million | 0.325% | |||
Over $750 million | 0.30% |
12
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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 |
13
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678133.gif)
14
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 3/31/2006 | 6.40% | ||||||||||
Worst Quarter: | 12/31/2008 | (21.96)% | ||||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (33.03)% | (5.79)% | ||||||
Return after taxes on distribution3 | (33.34)% | (6.58)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (21.06)% | (4.79)% | ||||||
Russell Midcap® Value Index (reflects no deduction for fees, expenses, or taxes) | (38.44)% | (8.81)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I shares 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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.82% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.05% | ||
Total annual fund operating expenses | 0.87% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.87% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.05% of average daily net assets, excluding certain 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 1.05% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 89 | $ | 278 | $ | 482 | $ | 1,073 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets: | ||||
First $100 million | 0.85% | |||
Over $100 million | 0.80% |
15
16
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | superior absolute and relative earnings growth |
- | above average revenue and earnings per share growth |
- | sustainable or improving profitability |
- | strong balance sheets |
- | strong market position with a defensible franchise |
- | unique marketing competence |
- | strong research and development leading to superior new product flow |
- | capable and disciplined management |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
17
- | 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 |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678108.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2007 | 6.13 | % | |||||||||
Worst Quarter: | 12/31/2008 | (20.88) | % | |||||||||
18
1 Year | Life of Class2 | |||||||
Return before taxes | (37.11)% | (9.64)% | ||||||
Return after taxes on distributions3 | (37.16)% | (9.92)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (24.12)% | (7.98)% | ||||||
Russell 1000 ® Growth Index (reflects no deduction for fees, expenses, or taxes) | (38.44)% | (8.38)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted | |||
from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.80% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.05% | ||
Total annual fund operating expenses | 0.85% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 87 | $ | 271 | $ | 471 | $ | 1,049 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 0.80% | |||
Over $250 million up to $500 million | 0.775% | |||
Over $500 million up to $1 billion | 0.70% | |||
Over $1 billion up to $1.5 billion | 0.675% | |||
Over $1.5 billion | 0.65% |
First $250 million | 0.40% | |||
Over $250 million up to $500 million | 0.35% | |||
Over $500 million up to $1 billion | 0.30% | |||
Over $1 billion up to $1.5 billion | 0.25% | |||
Over $1.5 billion | 0.20% |
19
20
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | common stocks of established U.S. companies. |
- | company specific items such as competitive market position, competitive products and services, experienced management team and stable financial condition. |
- | share prices that appear to be temporarily oversold or do not reflect positive company developments. |
- | share prices that appear to undervalue the company’s assets. |
- | special situations including corporate events, changes in management, regulatory changes or turnaround situations. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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 |
21
- | 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. |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678101.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 12/31/2006 | 7.44 | % | |||||||||
Worst Quarter: | 12/31/2008 | (21.40) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (36.09)% | (6.96)% | ||||||
Return after taxes on distributions3 | (36.96)% | (10.38)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (23.46)% | (5.68)% | ||||||
S&P 500 Index (reflects no deductions for fees, expenses or taxes) | (37.00)% | (7.61)% | ||||||
Russell 1000 ® Value Index (secondary) (reflects no deduction for fees, expenses, or taxes) | (36.85)% | (7.45)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.80% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.07% | ||
Total annual fund operating expenses | 0.87% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
22
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 89 | $ | 278 | $ | 482 | $ | 1,073 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||
First $500 million | 0.80% | |
Over $500 million | 0.70% |
23
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | common stocks |
24
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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 |
25
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678102.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2007 | 8.66% | ||||||||||
Worst Quarter: | 12/31/2008 | (19.27)% | ||||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (37.62)% | (6.65)% | ||||||
Return after taxes on distributions3 | (37.76)% | (6.73)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (24.45)% | (5.61)% | ||||||
S&P 500 Index (reflects no deductions for fees, expenses or taxes) | (37.00)% | (7.61)% | ||||||
Russell 1000 ® Growth Index (secondary) (reflects no deduction for fees, expenses, or taxes) | (38.44)% | (8.38)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.80% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.05% | ||
Total annual fund operating expenses | 0.85% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 87 | $ | 271 | $ | 471 | $ | 1,049 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
26
Average Daily Net Assets | ||||
First $500 million | 0.80% | |||
Over $500 million | 0.70% |
First $250 million | 0.40% | |||
Next $250 million | 0.375% | |||
Next $500 million | 0.35% | |||
Over $1 billion | 0.30% |
27
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | Strong Finances — the issuing company has a strong financial position, as evidenced by high-quality assets and a relative absence of significant liabilities. |
- | Competent Management — the company’s management has a good track record as both owners and operators, and shares a common interest with outside, passive minority shareholders. |
- | Understandable Business — comprehensive and meaningful financial and related information is available, providing reliable benchmarks to aid in understanding the company, its value and its dynamics. |
- | Discount to Private Market Value — the market price lies substantially below a conservative valuation of the business as a private entity, or as a takeover candidate. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
28
- | 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 |
- | 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. |
29
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678154.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 6/30/2008 | (1.75) | % | |||||||||
Worst Quarter: | 12/31/2008 | (27.60) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (41.30)% | (29.16)% | ||||||
Return after taxes on distributions3 | (41.30)% | (29.59)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (26.85)% | (24.47)% | ||||||
Russell 3000 ® Value Index (reflects no deduction for fees, expenses, or taxes) | (36.25)% | (26.16)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I commenced operations on May 1, 2007. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.80% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.06% | ||
Total annual fund operating expenses | 0.86% | ||
Expense reduction(b) | 0.00% | ||
Net operating expenses | 0.86% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.00% of average daily net assets, excluding certain 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 1.00% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 88 | $ | 274 | $ | 477 | $ | 1,061 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
30
31
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
32
- | 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 |
- | 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 |
33
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678143.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 6/30/2007 | 8.44 | % | |||||||||
Worst Quarter: | 12/31/2008 | (30.46) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (49.20)% | (16.74)% | ||||||
Return after taxes on distributions3 | (49.23)% | (17.68)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (31.95)% | (14.05)% | ||||||
Russell 2500 ® Value Index (reflects no deduction for fees, expenses, or taxes) | (31.99)% | (13.01)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
34
2 | Class I commenced operations August 1, 2006. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.93% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.07% | ||
Total annual fund operating expenses | 1.00% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 1.00% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.15% of average daily net assets, excluding certain 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 1.15% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 102 | $ | 318 | $ | 552 | $ | 1,225 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $100 million | 0.95% | |||
Over $100 million up to $250 million | 0.90% | |||
Over $250 million up to $500 million | 0.85% | |||
Over $500 million | 0.825% |
First $250 million | 0.40% | |||
Over $250 million up to $500 million | 0.375% | |||
Over $500 million | 0.35% |
35
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | The fund’s long positions decline in value to a degree that is not offset by decreases in the value of the securities sold short, or, conversely, the value of the securities sold short increases to a degree that is not offset by appreciation in the value of securities in the long portfolio. |
- | The combination of securities held long and sold short fail to protect the fund from overall stock market risk and other systematic risks as anticipated by the sub-adviser. |
- | The portfolio manager’s judgment about the attractiveness, relative value or potential appreciation of a particular sector, security or hedging strategy proves to be incorrect. Because the fund’s returns are expected to be driven primarily by BNY Mellon’s stock selection (both long and short), rather than general equity market movements, if BNY Mellon’s judgment about individual stocks proves to be incorrect, the fund could incur losses even during periods when the overall movement in stock prices are positive. Also, because BNY Mellon could make incorrect judgments about both the long and the short positions of the fund, its potential losses may exceed those of conventional stock mutual funds that hold only long portfolios. |
36
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
37
- | 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 |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678150.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 6/30/2008 | 2.98 | % | |||||||||
Worst Quarter: | 9/30/2008 | (3.52) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | 2.65% | 0.11% | ||||||
Return after taxes on distributions3 | 2.47% | (1.02)% | ||||||
Return after taxes on distributions and sale of fund shares3 | 1.97% | (0.51)% | ||||||
ML 3-Month T-Bill Index (reflects no deduction for fees, expenses, or taxes) | 5.16% | 6.67% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I commenced operations on January 3, 2007. |
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. |
38
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 1.40% | ||
Distribution and service (12b-1) fees | N/A | ||
Dividend expense on short salesb | 1.31% | ||
Other expenses | 0.08% | ||
Total annual fund operating expenses | 2.79% | ||
Expense Reductionc | 0.00% | ||
Net Operating Expenses | 2.79% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | When a cash dividend is declared on a stock the fund has sold short, the fund is required to pay an amount equal to that dividend to the party from whom the fund borrowed the stock and to record the payment of the dividend as an expense. |
c | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010 to waive fees and/or reimburse expenses to the extent that the fund’s total operating expenses exceed 1.65% of average daily net assets (excluding certain extraordinary expenses and dividend expense on short sales). 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 1.65% of average daily net assets (excluding certain extraordinary expenses and dividend expense on short sales). |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 282 | $ | 865 | $ | 1,474 | $ | 3,119 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
39
40
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | equity securities |
- | shareholder-oriented management |
- | dominance in market share |
- | cost production advantages |
- | leading brands |
- | self-financed growth |
- | attractive reinvestment opportunities |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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 |
41
disproportionately affected by a default or even a perceived decline in creditworthiness of the issuer. |
- | changes in currency values |
- | currency speculation |
- | 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 |
42
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678103.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2007 | 7.15% | ||||||||||
Worst Quarter: | 12/31/2008 | (23.92)% | ||||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (45.09)% | (10.40)% | ||||||
Return after taxes on distributions3 | (45.22)% | (10.50)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (29.31)% | (8.70)% | ||||||
Russell 1000 ® Growth Index (reflects no deduction for fees, expenses, or taxes) | (38.44)% | (8.38)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses | |||
(expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.72% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.03% | ||
Total annual fund operating expenses | 0.75% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.75% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser Transamerica Asset Management, Inc. (“TAM”) through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.17% of average daily net assets, excluding certain 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% of average daily net assets, excluding certain extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 77 | $ | 240 | $ | 417 | $ | 930 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $500 million | 0.75% | |||
Over $500 million up to $2.5 billion | 0.70% | |||
Over $2.5 billion | 0.65% |
43
First $500 million | 0.35% | |||
Over $500 million up to $2.5 billion | 0.30% | |||
Over $2.5 billion | 0.25% |
44
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | 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 |
- | strong potential for steady growth |
- | high barriers to competition |
- | experienced management incentivized along shareholder interests |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
45
- | 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 |
- | 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 |
46
- | 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. |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678110.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2007 | 13.22% | ||||||||||
Worst Quarter: | 12/31/2008 | (23.67)% | ||||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (40.71)% | (7.22)% | ||||||
Return after taxes on distributions3 | (40.71)% | (7.22)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (26.46)% | (6.06)% | ||||||
Russell Midcap® Growth Index (reflects no deduction for fees, expenses, or taxes) | (44.32)% | (10.33)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as 401(k) plans. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.79% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.07% | ||
Total annual fund operating expenses | 0.86% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.86% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser Transamerica Asset Management, Inc. (“TAM”) through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.40% of average daily net assets, excluding certain extraordinary expenses. TAM is entitled to reimbursement by the fund of fees waived or expenses |
47
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 1.40% of average daily net assets, excluding certain extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 88 | $ | 274 | $ | 477 | $ | 1,061 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 0.80% | |||
Over $250 million up to $500 million | 0.75% | |||
Over $500 million | 0.70% |
Up to $100 million | 0.40% | |||
Over $100 million | 0.35% |
48
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | different accounting and reporting practices |
- | less information available to the public |
- | less (or different) regulation of securities markets |
- | more complex business negotiations |
- | less liquidity |
49
- | 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 |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678132.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 6/30/2007 | 13.01 | % | |||||||||
Worst Quarter: | 12/31/2008 | (25.08) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (38.56)% | (3.60)% | ||||||
Return after taxes on distributions3 | (39.31)% | (5.11)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (25.08)% | (3.02)% | ||||||
Russell 2500® Value Index (reflects no deduction for fees, expenses, or taxes) | (31.99)% | (7.91)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
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. |
50
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.78% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.07% | ||
Total annual fund operating expenses | 0.85% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.85% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.40% of average daily net assets, excluding certain 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 1.40% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 87 | $ | 271 | $ | 471 | $ | 1,049 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $500 million | 0.80% | |||
Over $500 million | 0.75% |
First $500 million | 0.375% | |||
Over $500 million | 0.325% |
51
52
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
53
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678107.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 12/31/2006 | 7.72 | % | |||||||||
Worst Quarter: | 12/31/2008 | (25.33) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (39.89)% | (4.64)% | ||||||
Return after taxes on distributions3 | (40.12)% | (5.09)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (25.63)% | (3.82)% | ||||||
Russell 1000 ® Value Index (reflects no deduction for fees, expenses, or taxes) | (36.85)% | (3.36)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | 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. |
54
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.76% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.04% | ||
Total annual fund operating expenses | 0.80% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.80% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.02% of average daily net assets, excluding certain 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 1.02% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 82 | $ | 255 | $ | 444 | $ | 990 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $200 million | 0.82% | |||
Over $200 million up to $400 million | 0.76% | |||
Over $400 million up to $750 million | 0.74% | |||
Over $750 million up to $1 billion | 0.71% | |||
Over $1 billion up to $1.5 billion | 0.67% | |||
Over $1.5 billion | 0.62% |
First $400 million | 0.32% | |||
Over $400 million up to $750 million | 0.30% | |||
Over $750 million up to $1 billion | 0.27% | |||
Over $1 billion up to $1.5 billion | 0.25% | |||
Over $1.5 billion | 0.20% |
55
56
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
57
- | 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 |
58
- | 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. |
- | The value of developing-company stocks may be very volatile, and can drop significantly in a short period of time. |
- | Rights, options and futures contracts may not be exercised and may expire worthless. |
- | Warrants and rights may be less liquid than stocks. |
- | Use of futures and other derivatives may make the Fund more volatile. |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678144.gif)
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Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2007 | 9.66 | % | |||||||||
Worst Quarter: | 12/31/2008 | (25.98) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (46.37)% | (10.77)% | ||||||
Return after taxes on distributions3 | (46.38)% | (11.24)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (30.13)% | (8.96)% | ||||||
Russell Midcap ® Growth Index (reflects no deduction for fees, expenses, or taxes) | (44.32)% | (11.81)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I commenced operations January 3, 2006. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.80% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.07% | ||
Total annual fund operating expenses | 0.87% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.87% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser Transamerica Asset Management, Inc. (“TAM”) through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.00% of average daily net assets, excluding certain 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 1.00% of average daily net assets, excluding certain extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 89 | $ | 278 | $ | 482 | $ | 1,073 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||
First $1 billion | 0.80% | |
Over $1 billion | 0.775% |
First $1 billion | 0.40% | |
Over $1 billion | 0.375% |
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![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
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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 |
- | 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. |
63
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678113.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 3/31/2006 | 12.03 | % | |||||||||
Worst Quarter: | 12/31/2008 | (21.77) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (39.83)% | (4.65)% | ||||||
Return after taxes on distributions3 | (40.15)% | (5.50)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (25.69)% | (3.85)% | ||||||
Russell 2000® Growth Index (reflects no deduction for fees, expenses, or taxes) | (38.54)% | (4.10)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | 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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.95% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.07% | ||
Total annual fund operating expenses | 1.02% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 1.02% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.15% of average daily net assets, excluding certain 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 |
64
any day the estimated annualized fund operating expenses are less than 1.15% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 104 | $ | 325 | $ | 563 | $ | 1,248 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $500 million | 0.95% | |||
Over $500 million | 0.85% |
First $500 million | 0.45% | |||
Over $500 million | 0.40% |
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![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
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![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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 |
67
- | 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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- | Declining real estate value |
- | Risks relating to general and local economic conditions |
- | Over-building |
- | Increased competition for assets in local and regional markets |
- | Increases in property taxes |
- | Increases in operating expenses or interest rates |
- | Change in neighborhood value or the appeal of properties to tenants |
- | Insufficient levels of occupancy |
- | Inadequate rents to cover operating expenses |
69
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678136.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 12/31/2006 | 5.87 | % | |||||||||
Worst Quarter: | 9/30/2008 | (12.40) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (21.04)% | 2.32% | ||||||
Return after taxes on distribution3 | (23.07)% | 0.54% | ||||||
Return after taxes on distributions and sale of fund shares3 | (12.64)% | 1.37% | ||||||
FTSE World Index (reflects no deduction for fees, expenses, or taxes) | (40.91)% | (6.78)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I shares commenced operations on December 6, 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. |
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![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.74% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.14% | ||
Total annual fund operating expenses | 0.88% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.88% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser Transamerica Asset Management, Inc. (“TAM”) through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.00% of average daily net assets, excluding certain 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 1.00% of average daily net assets, excluding certain extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 90 | $ | 281 | $ | 488 | $ | 1,084 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $100 million | 0.80% | |||
Over $100 million | 0.72% |
First $100 million | 0.44% | |||
Over $100 million | 0.32% |
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![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | common stocks |
- | convertible securities |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
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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 |
- | Declining real estate value |
- | Risks relating to general and local economic conditions |
- | Over-building |
- | Increased competition for assets in local and regional markets |
- | Increases in property taxes |
- | Increases in operating expenses or interest rates |
- | Change in neighborhood value or the appeal of properties to tenants |
- | Insufficient levels of occupancy |
- | Inadequate rents to cover operating expenses |
- | 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 |
74
- | 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. |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![(Bar Chart)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678120.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 3/31/2006 | 15.16 | % | |||||||||
Worst Quarter: | 12/31/2008 | (29.19) | % | |||||||||
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1 Year | Life of Class2 | |||||||
Return before taxes | (41.43)% | (5.71)% | ||||||
Return after taxes on distributions3 | (41.47)% | (8.25)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (26.92)% | (4.76)% | ||||||
S&P Developed Property Index (reflects no deduction for fees, expenses, or taxes) | (47.60)% | (9.82)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.79% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.10% | ||
Total annual fund operating expenses | 0.89% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 91 | $ | 284 | $ | 493 | $ | 1,096 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 0.80% | |||
Over $250 million up to $500 million | 0.775% | |||
Over $500 million up to $1 billion | 0.70% | |||
Over $1 billion | 0.65% |
First $250 million | 0.40% | |||
Over $250 million up to $500 million | 0.375% | |||
Over $500 million up to $1 billion | 0.35% | |||
Over $1 billion | 0.30% |
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![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
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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 |
79
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR CHART]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678121.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2005 | 10.59 | % | |||||||||
Worst Quarter: | 12/31/2008 | (21.53) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (30.62)% | 0.91% | ||||||
Return after taxes on distributions3 | (30.72)% | (0.62)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (19.91)% | 0.50% | ||||||
S&P 1500 Health Care Index (reflects no deduction for fees, expenses, or taxes) | (23.76)% | 0.06% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | 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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.85% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.05% | ||
Total annual fund operating expenses | 0.90% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
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Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 92 | $ | 287 | $ | 498 | $ | 1,108 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $100 million | 0.87% | |||
Over $100 million up to $250 million | 0.85% | |||
Over $250 million | 0.80% |
First $100 million | 0.42% | |||
Over $100 million up to $250 million | 0.40% | |||
Over $250 million | 0.35% |
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![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
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![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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 |
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![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678149.gif)
2007 | ||||
2008 |
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 6/30/2008 | 21.57 | % | |||||||||
Worst Quarter: | 12/31/2008 | (34.42) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (48.47)% | (14.97)% | ||||||
Return after taxes on distributions3 | (48.52)% | (15.21)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (31.45)% | (12.63)% | ||||||
MSCINR Index (reflects no deduction for fees, expenses, or taxes) | (40.97)% | (12.05)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I commenced operations on January 3, 2007. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.80% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.06% | ||
Total annual fund operating expenses | 0.86% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.86% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010 to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.00% of average daily net assets (excluding certain 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 1.00% of average daily net assets (excluding certain extraordinary expenses). |
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Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 88 | $ | 274 | $ | 477 | $ | 1,061 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets: | ||||
First $250 million | 0.80% | |||
Over $250 million up to $500 million | 0.775% | |||
Over $500 million | 0.75% |
First $250 million | 0.40% | |||
Over $250 million up to $500 million | 0.375% | |||
Over $500 million | 0.35% |
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![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | derivative contracts or hybrid instruments, including options on indices, individual securities, futures (including financial and index futures) and currencies (both foreign and U.S. dollar), |
- | foreign forward currency contracts, convertible bonds, |
- | REITS, and |
- | securities of companies engaged in the exploration, mining and distribution of gold, silver and other precious metals. |
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- | obtain premiums from the sale of derivative contracts (e.g., write a put option on a security); |
- | realize gains from trading a derivative contract; or |
- | hedge against potential losses. For example, the fund may buy put options on stock indices or individual stocks (even if the stocks are not held by the fund) in an attempt to hedge against a decline in stock price. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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 |
88
- | 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. |
89
90
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678134.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 3/31/2008 | 4.17 | % | |||||||||
Worst Quarter: | 12/31/2008 | (5.23) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (2.06)% | (0.65)% | ||||||
Return after taxes on distribution3 | (3.97)% | (1.86)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (0.73)% | (1.10)% | ||||||
Russell 3000® Value Index (reflects no deduction for fees, expenses, or taxes) | (36.25)% | (8.27)% | ||||||
ML 3-Month T-Bill Index (secondary) (reflects no deduction for fees, expenses, or taxes | 2.06% | 3.96% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I shares commenced operations on December 6, 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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.79% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.09% | ||
Total annual fund operating expenses | 0.88% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.88% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser Transamerica Asset Management, Inc. (“TAM”) through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.05% of average daily net assets, excluding certain 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 1.05% of average daily net assets, excluding certain extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
91
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 90 | $ | 281 | $ | 488 | $ | 1,084 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
First $30 million | 0.85% | |||
Over $30 million up to $50 million | 0.80% | |||
Over $50 million up to $500 million | 0.70% | |||
Over $500 million up to $750 million | 0.675% | |||
Over $750 million | 0.65% |
First $30 million | 0.50% | |||
Over $30 million up to $50 million | 0.35% | |||
Over $50 million up to $500 million | 0.25% | |||
Over $500 million up to $750 million | 0.225% | |||
Over $750 million | 0.20% |
92
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | convertible securities |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
93
- | 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. |
- | 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 |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
94
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678125.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2007 | 7.67 | % | |||||||||
Worst Quarter: | 12/31/2008 | (17.42) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (35.62)% | (4.48)% | ||||||
Return after taxes on distributions3 | (36.12)% | (6.61)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (23.09)% | (3.79)% | ||||||
MLUSCI (reflects no deduction for fees, expenses, or taxes) | (35.74)% | (7.93)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.75% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.09% | ||
Total annual fund operating expenses | 0.84% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.84% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.35% of average daily net assets, excluding certain 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% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 86 | $ | 268 | $ | 466 | $ | 1,037 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 0.75% | |||
Over $250 million | 0.70% |
95
96
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
97
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![(BAR CHART)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678122.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 6/30/2007 | 11.44 | % | |||||||||
Worst Quarter: | 12/31/2008 | (25.98) | % | |||||||||
1 Year | Life of Class2 | |||||||||
Return before taxes | (48.94) | % | (10.85) | % | ||||||
Return after taxes on distributions3 | (48.94) | % | (11.05) | % | ||||||
Return after taxes on distributions and sale of fund shares3 | (31.81) | % | (8.91) | % | ||||||
Dow Jones U.S. Technology Index (reflects no deduction for fees, expenses, or taxes) | (42.85) | % | (9.57) | % | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
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. |
98
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.78% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.13% | ||
Total annual fund operating expenses | 0.91% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.91% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.18% of average daily net assets, excluding certain 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% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 93 | $ | 290 | $ | 504 | $ | 1,120 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $500 million | 0.78% | |||
Over $500 million | 0.70% |
First $250 million | 0.35% | |||
Over $250 million up to $500 million | 0.30% | |||
Over $500 million | 0.25% |
99
100
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | Invest in depositary receipts, instruments of supranational entities denominated in the currency of any country, securities of multinational companies and “semi-governmental securities”; |
- | Invest up to 20% of its total assets in convertible securities; |
- | Invest up to 15% of its net assets in illiquid securities; |
- | Invest up to 10% of its total assets in rights and warrants (including but not limited to participation notes); |
- | Enter into derivatives contracts including forward commitments, futures contracts and options on futures contracts with respect to securities, indices and currencies; |
- | Enter into contracts for the purchase and sale for the future delivery of contracts based on financial indices; |
- | Enter into currency swaps and forward currency exchange contracts for hedging purposes; |
- | Make secured loans of portfolio securities of up to one-third of its total assets; and |
- | Enter into repurchase agreements. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
101
- | 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 |
102
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
103
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678117.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 3/31/2006 | 12.25 | % | |||||||||
Worst Quarter: | 12/31/2008 | (24.17) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (47.97)% | (9.45)% | ||||||
Return after taxes on distribution3 | (48.37)% | (10.36)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (30.63)% | (7.74)% | ||||||
MSCI-EAFE Index (reflects no deduction for fees, expenses, or taxes) | (43.06)% | (5.97)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I shares commenced operations on December 6, 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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted | |||
from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.84% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.10% | ||
Total annual fund operating expenses | 0.94% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.94% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser Transamerica Asset Management, Inc. (“TAM”) through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.13% of average daily net assets, excluding certain 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 1.13% of average daily net assets, excluding certain extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 96 | $ | 300 | $ | 520 | $ | 1,155 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $200 million | 0.88% | |||
Over $200 million up to $500 million | 0.81% | |||
Over $500 million | 0.77% |
104
First $200 million | 0.45% | |||
Over $200 million up to $500 million | 0.36% | |||
Over $500 million | 0.32% |
105
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
106
- | 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 |
107
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 1.07% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.23% | ||
Total annual fund operating expenses | 1.30% | ||
Expense reductionb | 0.03% | ||
Net operating expenses | 1.27% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010 to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.27% of average daily net assets, excluding certain 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 1.27% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 129 | $ | 409 | $ | 710 | $ | 1,565 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets: | ||||
First $300 million | 1.07% | |||
Over $300 million | 1.00% |
108
Average Daily Net Assets: | ||||
First $300 million | 0.60% | |||
Over $300 million | 0.55% |
109
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | equity securities of small companies located in at least three countries, one of which may be the United States. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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 |
110
- | 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. |
111
- | Declining real estate value |
- | Risks relating to general and local economic conditions |
- | Over-building |
- | Increased competition for assets in local and regional markets |
- | Increases in property taxes |
- | Increases in operating expenses or interest rates |
- | Change in neighborhood value or the appeal of properties to tenants |
- | Insufficient levels of occupancy |
- | Inadequate rents to cover operating expenses |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
112
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678140.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 12/31/2006 | 13.81 | % | |||||||||
Worst Quarter: | 9/30/2008 | (22.74) | % | |||||||||
1 Year | Life of Class2 | |||||||||
Return before taxes | (43.64)% | 3.94% | ||||||||
Return after taxes on distribution3 | (43.78)% | 2.28% | ||||||||
Return after taxes on distributions and sale of fund shares3 | (28.17)% | 3.39% | ||||||||
S&P Global ex-U.S. MidSmallCap Index (reflects no deduction for fees, expenses, or taxes) | (49.84)% | (0.32)% | ||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I shares 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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 1.03% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.11% | ||
Total annual fund operating expenses | 1.14% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 1.14% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.32% of average daily net assets, excluding certain 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 1.32% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||||
I | $ | 116 | $ | 362 | $ | 628 | $ | 1,386 | ||||||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 1.07% | |||
Over $250 million | 1.00% |
113
Up to $250 million | 0.52 | % | ||
Over $250 million | 0.50 | % |
114
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
115
- | 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 |
116
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.92% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.31% | ||
Total annual fund operating expenses | 1.23% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 125 | $ | 390 | $ | 676 | $ | 1,489 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 0.925% | |||
Over $250 million up to $500 million | 0.90% | |||
Over $500 million up to $1 billion | 0.85% | |||
Over $1 billion | 0.80% |
Up to $500 million | 0.475% | |||
Next $500 million | 0.45% | |||
Over $1 billion | 0.40% |
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118
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | common stocks of foreign companies that are selected for their long-term growth potential. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
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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 securities 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 |
120
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678118.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2005 | 12.50 | % | |||||||||
Worst Quarter: | 12/31/2008 | (28.07) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (50.83)% | (1.94)% | ||||||
Return after taxes on distribution3 | (50.97)% | (3.77)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (32.85)% | (1.71)% | ||||||
MSCI-EAFE Index (reflects no deduction for fees, expenses, or taxes) | (43.06)% | (0.27)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I shares 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 i mpact of state and local taxes. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | ||
Class I Shares | ||
Management fees | 1.02% | |
Distribution and service (12b-1) fees | N/A | |
Other expenses | 0.10% | |
Total annual fund operating expenses | 1.12% | |
Expense reductionb | 0.00% | |
Net operating expenses | 1.12%% | |
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.31% of average daily net assets, excluding certain 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 1.31% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||||
I | $ | 114 | $ | 356 | $ | 617 | $ | 1,363 | ||||||||||||
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![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $300 million | 1.05% | |||
Over $300 million up to $400 million | 1.01% | |||
Over $400 million up to $1 billion | 0.96% | |||
Over $1 billion | 0.91% |
First $400 million | 0.45% | |||
Over $400 million up to $1 billion | 0.40% | |||
Over $1 billion | 0.35% |
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![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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) |
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- | higher transaction costs |
- | vulnerability to seizure and taxes |
- | political or financial instability and small markets |
- | different market trading days |
124
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678137.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 12/31/2006 | 12.10 | % | |||||||||
Worst Quarter: | 9/30/2008 | (24.52) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (45.74)% | (10.48)% | ||||||
Return after taxes on distribution3 | (45.97)% | (11.54)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (29.43)% | (8.60)% | ||||||
MSCI-EAFE Index (reflects no deduction for fees, expenses, or taxes) | (43.06)% | (5.97)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I shares commenced operations on December 6, 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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | ||
Class I Shares | ||
Management fees | 0.96% | |
Distribution and service (12b-1) fees | N/A | |
Other expenses | 0.10% | |
Total annual fund operating expenses | 1.06% | |
Expense reductionb | 0.00% | |
Net operating expenses | 1.06% | |
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.25% of average daily net assets, excluding certain 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 |
125
limitation agreement if on any day the estimated annualized fund operating expenses are less than 1.25% of average daily net assets, excluding certain extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||||
I | $ | 108 | $ | 337 | $ | 585 | $ | 1,294 | ||||||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $100 million | 1.00% | |||
Over $100 million | 0.95% |
First $100 million | 0.50% | |||
Over $100 million | 0.45% |
126
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | price/earnings ratio |
- | price/book value |
- | price/cash flow ratio |
- | debt/capital ratio |
- | dividend yield |
- | dividend history |
- | security and consistency of revenue stream |
- | undervalued assets |
- | relative earnings growth potential |
- | industry growth potential |
- | industry leadership |
- | dividend growth potential |
- | franchise value |
- | potential for favorable developments |
- | Basic Value companies which, in Thornburg’s opinion, are financially sound companies with well established businesses whose stock is selling at low valuations relative to the companies’ net assets or potential earning power. These stocks may include energy and commodity companies. |
- | Consistent Earner companies with steady earnings and dividend growth that are selling at attractive value and are priced below historical norms. Stocks in the category sometimes sell at premium valuations and sometimes at discount valuations. These stocks may include blue chip companies. |
- | Emerging Franchises are value-priced companies that, in Thornburg’s opinion, are in the process of establishing a leading position in a product, service or market and which Thornburg expects will grow, or continue to grow, at an above-average rate. These stocks may include cellular technologies in emerging markets. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
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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 |
- | 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. |
128
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | ||
Class I Shares | ||
Management fees | 1.10% | |
Distribution and service (12b-1) fees | N/A | |
Other expenses | 0.66% | |
Total annual fund operating expenses | 1.76% | |
Expense reductionb | 0.41% | |
Net operating expenses | 1.35% | |
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.35% of average daily net assets, excluding certain 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% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | ||||||
I | $ | 137 | $ | 514 | ||||
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![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
First $100 million | 1.10% | |||
Over $100 million up to $300 million | 1.00% | |||
Over $300 million | 0.95% |
First $500 million | 0.425% | |||
Over $500 million | 0.40% |
Up to $100 million | 0.65% | |||
Over $100 million up to $300 million | 0.55% | |||
Over $300 million | 0.50% |
130
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities of issuers that are economically tied to one or more emerging markets countries, and will diversify its investments across at least three different emerging markets countries. |
- | The fund can (but is not required to) invest up to 100% of its total assets in foreign securities. |
- | The fund will emphasize investments in common stocks and other equity securities. |
- | The fund will emphasize investments in growth companies, which can be in any market capitalization range. |
- | Companies of different capitalization ranges with strong market positions and the ability to take advantage of barriers to entry in their industry, such as high start-up costs. |
- | Companies with management that has a proven record. |
- | Companies with newer or established businesses that are entering into a growth cycle. |
- | Companies with strong earnings growth whose stock is selling at a reasonable price. |
- | Other Equity Securities. While the fund mainly buys common stocks, it can also buy preferred stocks and securities convertible into common stock and can hold rights and warrants. |
- | Hedging. The fund can buy and sell futures contracts, put and call options, and forward contracts. Some hedging strategies could hedge the fund’s portfolio against price fluctuations. Other hedging strategies would tend to increase the fund’s exposure to the securities market. Forward contracts could be used to try to manage foreign currency risks on the fund’s foreign investments. |
- | Portfolio Turnover. The fund’s investment process may cause the fund to engage in active and frequent trading. Therefore, the fund may engage in short-term trading while trying to achieve its objective. |
- | Debt/Fixed-Income Securities. The fund can invest in debt securities, including convertible securities, which can include securities of foreign companies and governments. |
- | Illiquid and Restricted Securities. The fund will not invest more than 15% of its net assets in illiquid or restricted securities. |
- | Derivatives. The fund can invest in a number of different derivative instruments to hedge investment risks or to seek increased returns. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
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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 |
132
- | 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. |
133
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678139.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 12/31/2006 | 16.92 | % | |||||||||
Worst Quarter: | 12/31/2008 | (28.14) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (47.93)% | (4.10)% | ||||||
Return after taxes on distribution3 | (49.57)% | (5.98)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (28.90)% | (3.37)% | ||||||
MSCI-EMI (reflects no deduction for fees, expenses, or taxes) | (53.18)% | (3.40)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I shares commenced operations on December 6, 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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 1.11% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.21% | ||
Total annual fund operating expenses | 1.32% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 1.32% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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% of average daily net assets, excluding certain 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 |
134
operating expenses are less than 1.45% of average daily net assets, excluding certain extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 134 | $ | 418 | $ | 723 | $ | 1,590 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $50 million | 1.20% | |||
Over $50 million up to $200 million | 1.15% | |||
Over $200 million up to $500 million | 1.10% | |||
Over $500 million | 1.05% |
First $50 million | 0.70% | |||
Over $50 million up to $200 million | 0.65% | |||
Over $200 million up to $500 million | 0.60% | |||
Over $500 million | 0.55% |
135
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | Operate in growing markets |
- | Attractive valuations relative to cash earnings forecasts or other valuation criteria |
- | Unique sustainable competitive advantages (e.g., market share, proprietary products) |
- | Improving industry or country fundamentals |
- | Relative economic growth potential of the various economies and securities markets |
- | Political, financial, and social conditions influencing investment opportunities |
- | Relative rates of earnings growth |
- | Interest rate outlook and expected levels of inflation |
- | Market prices relative to historic averages |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
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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 |
137
- | 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. |
138
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | ||
Class I Shares | ||
Management fees | 1.15% | |
Distribution and service (12b-1) fees | N/A | |
Other expenses | 1.11% | |
Total annual fund operating expenses | 2.26% | |
Expense reductionb | 0.86% | |
Net operating expenses | 1.40% | |
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.40% of average daily net assets, excluding certain 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 1.40% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | ||||||
I | $ | 143 | $ | 624 | ||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $300 million | 1.15% | |||
Over $300 million | 1.10% |
139
140
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | have their principal securities trading markets outside the U.S.; or |
- | 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 |
141
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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 |
142
- | 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. |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
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![(Bar Chart)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678119.gif)
Class A Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 12/31/1999 | 43.29 | % | |||||||||
Worst Quarter: | 12/31/2008 | (21.89) | % | |||||||||
1 Years | 5 Years | 10 Years | |||||||||
Return before taxes | (46.67)% | (4.06)% | (2.87)% | ||||||||
Return after taxes on distributions2 | (46.76)% | (4.18)% | (3.11)% | ||||||||
Return after taxes on distributions and sale of fund shares2 | (30.25)% | (3.37)% | (2.33)% | ||||||||
MSCIW Index (reflects no deduction for fees, expenses, or taxes) | (40.33)% | 0.00% | (0.19)% | ||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.80% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.46% | ||
Total annual fund operating expenses | 1.26% | ||
Expense reductionb | 0.06% | ||
Net operating expenses | 1.20% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008, restated to reflect the estimated expenses of Class I shares. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.20% of average daily net assets, excluding certain 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% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||||
I | $ | 122 | $ | 394 | $ | 686 | $ | 1,517 | ||||||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
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Average Daily Net Assets | ||||
First $500 million | 0.80% | |||
Over $500 million | 0.70% |
First $500 million | 0.35% | |||
Over $500 million | 0.30% |
First $500 million | 0.40% | |||
Over $500 million up to $1.5 billion | 0.375% | |||
Over $1.5 billion | 0.35% |
145
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
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- | 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. |
- | 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 |
147
148
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678123.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 3/31/2008 | 5.65 | % | |||||||||
Worst Quarter: | 9/30/2008 | (5.16) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (3.67)% | 2.62% | ||||||
Return after taxes on distributions3 | (5.03)% | 0.98% | ||||||
Return after taxes on distributions and sale of fund shares3 | (2.34)% | 1.30% | ||||||
BCUS TIPS Index (reflects no deduction for fees, expenses, or taxes) | (2.36)% | 3.25% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | 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. |
149
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.67% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.07% | ||
Total annual fund operating expenses | 0.74% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 76 | $ | 237 | $ | 411 | $ | 918 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 0.70% | |||
Over $250 million up to $750 million | 0.65% | |||
Over $750 million | 0.60% |
150
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | Economic/Political Fundamentals. JPMorgan evaluates each country’s economic climate and political discipline for controlling deficits and inflation. |
- | Expected Return. Using economic forecasts, JPMorgan projects the expected return for each country. |
- | Relative Value. By contrasting expected risks and returns for investments in each country, JPMorgan selects those countries expected to produce the best return at reasonable risk. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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 |
151
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. |
- | 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 |
152
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678135.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 3/31/2008 | 10.63 | % | |||||||||
Worst Quarter: | 6/30/2008 | (5.66) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | 8.09% | 8.31% | ||||||
Return after taxes on distribution3 | 5.49% | 6.55% | ||||||
Return after taxes on distributions and sale of fund shares3 | 5.44% | 6.11% | ||||||
JPMGBI (reflects no deduction for fees, expenses, or taxes) | 11.39% | 10.16% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I shares commenced operations on December 6, 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. |
153
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.51% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.10% | ||
Total annual fund operating expenses | 0.61% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.61% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser Transamerica Asset Management, Inc. (“TAM”) through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 0.75% of average daily net assets, excluding certain 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 0.75% of average daily net assets, excluding certain extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 62 | $ | 195 | $ | 340 | $ | 762 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $100 million | 0.55% | |||
Over $100 million up to $250 million | 0.52% | |||
Over $250 million up to $500 million | 0.51% | |||
Over $500 million up to $1 billion | 0.50% | |||
Over $1 billion | 0.47% |
First $100 million | 0.20% | |||
Over $100 million up to $250 million | 0.17% | |||
Over $250 million up to $500 million | 0.16% | |||
Over $500 million up to $1 billion | 0.15% | |||
Over $1 billion | 0.12% |
154
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | Fixed-Income Securities |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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. |
155
- | 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 |
156
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
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![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678124.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2007 | 4.75% | ||||||||||
Worst Quarter: | 9/30/2008 | (3.40)% | ||||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (2.12)% | 3.75% | ||||||
Return after taxes on distributions3 | (4.75)% | 1.76% | ||||||
Return after taxes on distributions and sale of fund shares3 | (1.39)% | 2.07% | ||||||
BCUSA Index (reflects no deductions for fees, expenses or taxes) | 5.24% | 5.81% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.66% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.09% | ||
Total annual fund operating expenses | 0.75% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 77 | $ | 240 | $ | 417 | $ | 930 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 0.675% | |||
Over $250 million up to $750 million | 0.65% | |||
Over $750 million | 0.60% |
158
159
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | U.S. and non-U.S. equity securities (including emerging market equity securities) |
- | U.S. and non-U.S. fixed-income securities (including U.S. high-yield, fixed-income and emerging market debt) |
- | cash equivalents |
160
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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 |
161
- | 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. |
- | 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 |
162
163
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678153.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 3/31/2008 | 2.38 | % | |||||||||
Worst Quarter: | 12/31/2008 | (15.48) | % | |||||||||
1 Year | Life of Class2 | |||||||||
Return before taxes | (18.71) | % | (10.93) | % | ||||||
Return after taxes on distributions3 | (24.29) | % | (14.21) | % | ||||||
Return after taxes on distributions and sale of fund shares3 | (8.61) | % | (10.19) | % | ||||||
Consumer Price Index +5% (reflects no deduction for fees, expenses, or taxes) | 5.21 | % | 7.30 | % | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I commenced operations on January 3, 2007. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 1.37% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.14% | ||
Total annual fund operating expenses | 1.51% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 1.51% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010 to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.65% of average daily net assets, excluding certain extraordinary expenses. TAM is entitled to reimbursement by the fund of fees waived or expenses |
164
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 1.65% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 154 | $ | 477 | $ | 824 | $ | 1,802 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
First $150 million | 1.40% | |||
Over $150 million up to $300 million | 1.30% | |||
Over $300 million | 1.20% |
First $150 million | 0.85% | |||
Over $150 million up to $300 million | 0.75% | |||
Over $300 million | 0.65% |
165
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | 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; |
- | Bank loans and loan participations; |
- | Structured notes; and |
- | Preferred securities. |
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; (see Appendix B of this prospectus for a description of these ratings); |
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. |
(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 advantage of what the fund believes is a temporary disparity in the normal yield relationship between the two securities (a “yield disparity”). |
166
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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. |
167
- | 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 |
168
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![(BAR GRAPH)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678126.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2006 | 4.14 | % | |||||||||
Worst Quarter: | 12/31/2008 | (12.67) | % | |||||||||
169
1 Year | Life of Class2 | |||||||||
Return before taxes | (18.34) | % | (2.62) | % | ||||||
Return after taxes on distributions3 | (20.13) | % | (4.44) | % | ||||||
Return after taxes on distributions and sale of fund shares3 | (11.76) | % | (3.11) | % | ||||||
BCUSA Index (reflects no deduction for fees, expenses, or taxes) | 5.24 | % | 4.72 | % | ||||||
Barclays Capital U.S. Government/Credit Bond Index (reflects no deduction for fees, expenses or taxes)4 | 5.70 | % | 4.74 | % | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | 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 | 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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.71% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.06% | ||
Total annual fund operating expenses | 0.77% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.77% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.50% of average daily net assets, excluding certain 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% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 79 | $ | 246 | $ | 428 | $ | 954 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 0.725% | |||
Over $250 million up to $350 million | 0.675% | |||
Over $350 million | 0.625% |
First $250 million | 0.30% | |
Over $250 million up to $350 million | 0.25% | |
Over $350 million | 0.20% |
170
171
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | high-yield/high risk bonds (commonly known as “junk bonds”) |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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 |
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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. |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678127.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 12/31/2006 | 4.19 | % | |||||||||
Worst Quarter: | 12/31/2008 | (16.73) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (24.98)% | (2.94)% | ||||||
Return after taxes on distributions3 | (27.35)% | (5.43)% | ||||||
Return after taxes on distributions and sale of fund shares3 | (15.97)% | (3.65)% | ||||||
ML High Yield Index (reflects no deduction for fees, expenses, or taxes) | (26.21)% | (3.01)% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | 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. |
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![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.59% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.06% | ||
Total annual fund operating expenses | 0.65% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.65% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser Transamerica Asset Management, Inc. (“TAM”) through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total expenses exceed 1.24% of average daily net assets, excluding certain 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 1.24% of average daily net assets, excluding certain extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 66 | $ | 208 | $ | 362 | $ | 810 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $400 million | 0.59% | |||
Over $400 million up to $750 million | 0.575% | |||
Over $750 million | 0.55% |
Up to $400 million | 0.28% | |
Over $400 million up to $750 million | 0.25% | |
Over $750 million | 0.20% |
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![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | short-term and intermediate-term investment-grade corporate obligations |
- | obligations issued or guaranteed by the U.S. and foreign governments and their agencies and instrumentalities |
- | mortgage-backed securities |
- | asset-backed securities. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
- | 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. |
175
- | 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 |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
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![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678128.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2006 | 2.08 | % | |||||||||
Worst Quarter: | 12/31/2008 | (2.28) | % | |||||||||
1 Year | Life of Class2 | |||||||||
Return before taxes | (1.38) | % | 2.10% | |||||||
Return after taxes on distributions3 | (2.89) | % | 0.67% | |||||||
Return after taxes on distributions and sale of fund shares3 | (0.88) | % | 0.97% | |||||||
MLUSCG 1-3 Year Index (reflects no deduction for fees, expenses, or taxes) | 4.69 | % | 4.24% | |||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | 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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.62% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.06% | ||
Total annual fund operating expenses | 0.68% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.68% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses excluding any distribution and service (12b-1) fee), exceed 0.85% of average daily net assets, excluding certain 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 0.85% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 69 | $ | 218 | $ | 379 | $ | 847 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 0.65% | |||
Over $250 million up to $500 million | 0.60% | |||
Over $500 million up to $1 billion | 0.575% | |||
Over $1 billion | 0.55% |
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Up to $250 million | 0.25% | |||
Over $250 million up to $500 million | 0.20% | |||
From $500 million up to $1 billion | 0.175% | |||
Over $1 billion | 0.15% |
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![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
179
- | 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. |
180
- | 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 |
181
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678151.gif)
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Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 6/30/2008 | (0.34) | % | |||||||||
Worst Quarter: | 9/30/2008 | (10.47) | % | |||||||||
1 Year | Life of Class2 | |||||||||
Return before taxes | (18.47) | % | (7.70) | % | ||||||
Return after taxes on distributions3 | (20.79) | % | (9.67) | % | ||||||
Return after taxes on distributions and sale of fund shares3 | (11.84) | % | (7.48) | % | ||||||
Barclays Capital U.S. Government/Credit Bond Index (reflects no deduction for fees, expenses, or taxes) | 5.70 | % | 6.42 | % | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | Class I commenced operations on January 3, 2007. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.64% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.05% | ||
Total annual fund operating expenses | 0.69 | ||
Expense reduction(b) | 0.00% | ||
Net operating expenses | 0.69% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010 to waive fees and/or reimburse expenses to the extent that the fund’s total operating expenses exceed 0.88% of average daily net assets, excluding certain 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 0.88% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 70 | $ | 221 | $ | 384 | $ | 859 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets: | ||||
First $200 million | 0.675% | |||
Over $200 million up to $750 million | 0.625% | |||
Over $750 million | 0.60% |
Average Daily Net Assets: | ||||
First $200 million | 0.325% | |||
Over $200 million | 0.30% |
183
184
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | its principal securities trading market is in an emerging markets country; |
- | alone or on a consolidated basis, it derives 50% or more of its annual revenue from goods produced, sales made or services performed in emerging markets; or |
- | it is organized under the laws of, or has a principal office in, an emerging markets or developing country. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
185
- | 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. |
- | 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 |
186
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
![[BAR GRAPH]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678129.gif)
Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 9/30/2006 | 6.21 | % | |||||||||
Worst Quarter: | 12/31/2008 | (8.44) | % | |||||||||
1 Year | Life of Class2 | |||||||
Return before taxes | (14.28)% | 3.13% | ||||||
Return after taxes on distributions3 | (16.45)% | 0.64% | ||||||
Return after taxes on distributions and sale of fund shares3 | (9.18)% | 1.38% | ||||||
EMBI Global (reflects no deduction for fees, expenses, or taxes) | (10.92)% | 4.26% | ||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. |
2 | 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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.92% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.06% | ||
Total annual fund operating expenses | 0.98% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 0.98% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.15% of average daily net assets, excluding certain extraordinary expenses. TAM is entitled to reimbursement by the fund of fees waived or expenses |
187
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 1.15% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||||||
I | $ | 100 | $ | 312 | $ | 542 | $ | 1,201 | ||||||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
Average Daily Net Assets | ||||
First $250 million | 0.95% | |||
Over $250 million up to $500 million | 0.85% | |||
Over $500 million | 0.80% |
First $250 million | 0.45% | |||
Over $250 million | 0.35% |
188
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | 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; and |
- | the financial condition of the company. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
189
- | 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. |
190
- | 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 |
![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
191
![[BAR CHART]](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678114.gif)
Class A Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 12/31/1999 | 14.82 | % | |||||||||
Worst Quarter: | 12/31/2008 | (16.46) | % | |||||||||
1 Year | 5 Years | 10 Years | |||||||||||||
Return before taxes | (36.41) | % | (1.95) | % | 0.66 | % | |||||||||
Return after taxes on distribution2 | (37.30) | % | (2.43) | % | 0.07 | % | |||||||||
Return after taxes on distributions and sale of fund shares2 | (22.78) | % | (1.69) | % | 0.35 | % | |||||||||
S&P 500 Index (reflects no deduction for fees, expenses, or taxes) | (37.00) | % | (2.19) | % | (1.38) | % | |||||||||
BCUSA Index (secondary) (reflects no deduction for fees, expenses, or taxes) | 5.24 | % | 4.65 | % | 5.63 | % | |||||||||
Barclays Capital U.S. Government/Credit Bond Index (reflects no deduction for fees, expenses or taxes)3 | 5.70 | % | 4.64 | % | 5.64 | % | |||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as 401(k) plans. After-tax returns are presented for only one class and returns for other classes will vary. |
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 | 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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.80% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.37% | ||
Total annual fund operating expenses | 1.17% | ||
Expense reductionb | 0.00% | ||
Net operating expenses | 1.17% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008, restated to reflect the estimated expenses of Class I shares. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 1.45% of average daily net assets, excluding certain 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% of average daily net assets, excluding certain extraordinary expenses. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 119 | $ | 372 | $ | 644 | $ | 1,420 | ||||||||
![(QUESTION MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon6.gif)
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Average Daily Net Assets | ||||
First $250 million | 0.80% | |||
Over $250 million up to $500 million | 0.75% | |||
Over $500 million up to $1.5 billion | 0.70% | |||
Over $1.5 billion | 0.625% |
First $250 million | 0.35% | |||
Over $250 million up to $500 million | 0.325% | |||
Over $500 million up to $1.5 billion | 0.30% | |||
Over $1.5 billion | 0.25% | |||
less 50% of any amount reimbursed pursuant to the fund’s expense limitation. |
193
194
![(CHECK MARK ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon1.gif)
![(CIRCLE I ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon2.gif)
- | 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 |
- | 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; and |
- | the financial condition of the company. |
![(EXCLAMATION ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon3.gif)
195
- | 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. |
196
- | 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 |
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Class A Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 6/30/2003 | 12.90 | % | |||||||||
Worst Quarter: | 12/31/2008 | (16.08) | % | |||||||||
1 Year | 5 Years | 10 Years | |||||||||||||
Return before taxes | (35.32)% | (2.21)% | 0.05% | ||||||||||||
Return after taxes on distributions2 | (35.89)% | (3.06)% | (0.97)% | ||||||||||||
Return after taxes on distributions and sale of fund shares2 | (22.82)% | (1.77)% | (0.24)% | ||||||||||||
Russell 1000 ® Value Index (reflects no deduction for fees, expenses, or taxes) | (36.85)% | (0.79)% | 1.36% | ||||||||||||
BCUSA Index (secondary) (reflects no deduction for fees, expenses, or taxes) | 5.24% | 4.65% | 5.63% | ||||||||||||
1 | Actual returns may depend on the investor’s individual tax situation. After-tax returns may not be relevant if the investment is made through a tax-exempt or tax-deferred account, such as a 401(k) plan. After-tax returns are presented for only one class and returns for other classes will vary. |
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. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.75% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.46% | ||
Total annual fund operating expenses | 1.21% | ||
Expense reductionb | 0.01% | ||
Net operating expenses | 1.20% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008, restated to reflect the estimated expenses of Class I shares. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“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% of average daily net assets, excluding certain 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% of average daily net assets, excluding certain extraordinary expenses. The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 122 | $ | 383 | $ | 664 | $ | 1,465 | ||||||||
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Average Daily Net Assets | ||||
First $500 million | 0.75% | |||
Over $500 million up to $1 billion | 0.65% | |||
Over $1 billion | 0.60% |
Up to $500 million | 0.35% | |||
Over $500 million up to $1 billion | 0.325% | |||
Over $1 billion | 0.30% |
199
200
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- | short-term corporate obligations, including commercial paper, notes and bonds |
- | obligations issued or guaranteed by the U.S. and foreign governments and their agencies and instrumentalities |
- | obligations of U.S. and foreign banks, or their foreign branches, and U.S. savings banks |
- | repurchase agreements involving any of the securities mentioned above |
- | investing in securities which TIM believes present minimal credit risk; and |
- | maintaining the average maturity of obligations held in the fund’s portfolio at 90 days or less. |
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![(PERCENTAGE ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon4.gif)
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Class I Shares | Quarter Ended | Return | ||||||||||
Best Quarter: | 12/31/2006 | 1.24 | % | |||||||||
Worst Quarter: | 12/31/2008 | 0.40 | % | |||||||||
1 Year | Life of Class3 | |||||||
Return before taxes | 2.32% | 3.94% | ||||||
1 | Call Customer Service (1-888-233-4339) for the current 7-day yield. |
2 | Actual returns may depend on the investor’s individual tax situation. |
3 | Class I commenced operations on November 15, 2005. |
![(DOLLAR ICON)](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257icon5.gif)
Annual Fund Operating Expenses (expenses that are deducted from fund assets, expressed as a % of average daily net assets)a | |||
Class I Shares | |||
Management fees | 0.40% | ||
Distribution and service (12b-1) fees | N/A | ||
Other expenses | 0.11% | ||
Total annual fund operating expenses | 0.51% | ||
Expense reductionb,c | 0.01% | ||
Net operating expenses | 0.50% | ||
a | Annual fund operating expenses are based on the fund’s expenses for the fiscal year ended October 31, 2008, restated to include an adjustment of 0.02% as a result of the U.S. Treasury’s Temporary Guarantee Program for Money Market Funds (the “Program”). The Program expenses were incurred for the period September 19, 2008 through April 30, 2009, and are not covered by the contractual expense cap currently in effect. It is not currently known whether the Program will be extended or if the fund will continue to participate in the Program beyond April 30, 2009. |
b | Contractual arrangements have been made with the fund’s investment adviser, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2010, to waive fees and/or reimburse fund expenses to the extent that the fund’s total operating expenses exceed 0.48% of average daily net assets, excluding certain 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 0.48% of average daily net assets, excluding certain extraordinary expenses. |
c | In order to avoid a negative yield, TAM or any of its affiliates may waive fees or reimburse expenses of one or more classes of the fund. Any such waiver or expense reimbursement would be voluntary, could be discontinued at any time, and is subject in certain circumstances to reimbursement by the fund to TAM or its affiliates. There is no guarantee that the fund will be able to avoid a negative yield. |
Share Class | 1 year | 3 years | 5 years | 10 years | ||||||||||||
I | $ | 51 | $ | 156 | $ | 273 | $ | 615 | ||||||||
202
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203
Transamerica American Century | Transamerica Bjurman, | |||||||||||||||||
Large Company Value | Barry Micro Emerging Growth | |||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(a) | 2008 | 2007 | 2006(a) | |||||||||||||
Net Asset Value | ||||||||||||||||||
Beginning of period | $12.82 | $12.45 | $11.15 | $12.51 | $10.47 | $10.00 | ||||||||||||
Investment Operations | ||||||||||||||||||
Net Investment income (loss)(b) | 0.23 | 0.22 | 0.17 | (0.04) | (0.07) | (0.02) | ||||||||||||
Net realized and unrealized gain (loss) on investments | (4.94) | 0.97 | 1.57 | (6.07) | 2.11 | 0.49 | ||||||||||||
Total from investment operations | (4.71) | 1.19 | 1.74 | (6.11) | 2.04 | 0.47 | ||||||||||||
Distributions | ||||||||||||||||||
Net investment income | (0.19) | (0.17) | (0.03) | – | – | – | ||||||||||||
Net realized gains on investments | (0.20) | (0.65) | (0.41) | – | – | – | ||||||||||||
Total distributions | (0.39) | (0.82) | (0.44) | – | – | – | ||||||||||||
Net Asset Value | ||||||||||||||||||
End of period | $7.72 | $12.82 | $12.45 | $6.40 | $12.51 | $10.47 | ||||||||||||
Total Return(c) | (37.79%) | 9.95% | 16.11%(d) | (48.84%) | 19.48% | 4.70%(d) | ||||||||||||
Net Assets End of Period | $ 423,344 | $ 695,331 | $ 316,631 | $ 66,416 | $ 92,126 | $ 55,381 | ||||||||||||
Ratios and Supplemental Data | ||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||
After reimbursement/fee waiver | 0.85% | 0.85% | 0.91%(e) | 1.12% | 1.16%(f) | 1.25%(e) | ||||||||||||
Before reimbursement/fee waiver | 0.85% | 0.85% | 0.91%(e) | 1.12% | 1.16%(f) | 1.38%(e) | ||||||||||||
Net investment income (loss), to average net assets | 2.19% | 1.73% | 1.57%(e) | (0.44%) | (0.63%) | (0.69%)(e) | ||||||||||||
Portfolio turnover rate | 30% | 13% | 24%(d) | 45% | 116% | 14%(d) | ||||||||||||
204
Transamerica BlackRock | Transamerica JPMorgan | |||||||||||||||||
Large Cap Value | Mid Cap Value | |||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(a) | 2008 | 2007 | 2006(a) | |||||||||||||
Net Asset Value | ||||||||||||||||||
Beginning of period | $13.08 | $12.15 | $10.47 | $12.32 | $11.67 | $10.09 | ||||||||||||
Investment Operations | ||||||||||||||||||
Net Investment income (loss)(b) | 0.13 | 0.12 | 0.07 | 0.13 | 0.13 | 0.11 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (4.78) | 1.27 | 1.64 | (4.20) | 1.13 | 1.57 | ||||||||||||
Total from investment operations | (4.65) | 1.39 | 1.71 | (4.07) | 1.26 | 1.68 | ||||||||||||
Distributions | ||||||||||||||||||
Net investment income | (0.09) | (0.09) | (0.03) | (0.10) | (0.11) | (0.05) | ||||||||||||
Net realized gains on investments | (0.73) | (0.37) | – | (0.61) | (0.50) | (0.05) | ||||||||||||
Total distributions | (0.82) | (0.46) | (0.03) | (0.71) | (0.61) | (0.10) | ||||||||||||
Net Asset Value | ||||||||||||||||||
End of period | $7.61 | $13.08 | $12.15 | $7.54 | $12.32 | $11.67 | ||||||||||||
Total Return(c) | (37.76%) | 11.80% | 16.36%(d) | (34.92%) | 11.07% | 16.71%(d) | ||||||||||||
Net Assets End of Period | $ 461,816 | $ 610,135 | $ 506,529 | $ 147,772 | $ 270,661 | $ 245,188 | ||||||||||||
Ratios and Supplemental Data | ||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||
After reimbursement/fee waiver | 0.83% | 0.84% | 0.84%(e) | 0.87% | 0.87% | 0.88%(e) | ||||||||||||
Before reimbursement/fee waiver | 0.83% | 0.84% | 0.84%(e) | 0.87% | 0.87% | 0.88%(e) | ||||||||||||
Net investment income (loss), to average net assets | 1.21% | 0.96% | 0.62%(e) | 1.22% | 0.98% | 1.10%(e) | ||||||||||||
Portfolio turnover rate | 71% | 69% | 56%(d) | 45% | 50% | 46%(d) | ||||||||||||
Transamerica Jennison | Transamerica Legg Mason | |||||||||||||||||
Growth | Partners Investors Value | |||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(a) | 2008 | 2007 | 2006(a) | |||||||||||||
Net Asset Value | ||||||||||||||||||
Beginning of period | $13.05 | $11.40 | $11.43 | $10.11 | $11.15 | $14.35 | ||||||||||||
Investment Operations | ||||||||||||||||||
Net Investment income (loss)(b) | 0.02 | 0.03 | –(g) | 0.13 | 0.11 | 0.12 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (4.68) | 2.08 | 0.18 | (3.33) | 1.05 | 1.59 | ||||||||||||
Total from investment operations | (4.66) | 2.11 | 0.18 | (3.20) | 1.16 | 1.71 | ||||||||||||
Distributions | ||||||||||||||||||
Net investment income | (0.02) | – | – | (0.10) | (0.12) | (0.05) | ||||||||||||
Net realized gains on investments | – | (0.46) | (0.21) | (0.45) | (2.08) | (4.86) | ||||||||||||
Total distributions | (0.02) | (0.46) | (0.21) | (0.55) | (2.20) | (4.91) | ||||||||||||
Net Asset Value | ||||||||||||||||||
End of period | $8.37 | $13.05 | $11.40 | $6.36 | $10.11 | $11.15 | ||||||||||||
Total Return(c) | (35.77%) | 19.14% | 1.50%(d) | (33.38%) | 12.10% | 16.22%(d) | ||||||||||||
Net Assets End of Period | $ 184,981 | $ 160,815 | $ 96,273 | $ 28,448 | $ 64,733 | $ 65,758 | ||||||||||||
Ratios and Supplemental Data | ||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||
After reimbursement/fee waiver | 0.85% | 0.87% | 0.89%(e) | 0.87% | 0.89% | 0.90%(e) | ||||||||||||
Before reimbursement/fee waiver | 0.85% | 0.87% | 0.89%(e) | 0.87% | 0.89% | 0.90%(e) | ||||||||||||
Net investment income (loss), to average net assets | 0.21% | 0.22% | (0.02%)(e) | 1.58% | 1.10% | 1.17%(e) | ||||||||||||
Portfolio turnover rate | 70% | 63% | 80%(d) | 21% | 12% | 23%(d) | ||||||||||||
205
Transamerica Marsico | Transamerica | ||||||||||||||||
Growth | Third Avenue Value | ||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(a) | 2008 | 2007(a) | |||||||||||||
Net Asset Value | |||||||||||||||||
Beginning of period | $14.40 | $11.07 | $10.63 | $28.93 | $28.01 | ||||||||||||
Investment Operations | |||||||||||||||||
Net Investment income (loss)(b) | 0.08 | 0.04 | 0.01 | 0.24 | 0.14 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (5.16) | 3.30 | 0.43 | (11.45) | 0.78 | ||||||||||||
Total from investment operations | (5.08) | 3.34 | 0.44 | (11.21) | 0.92 | ||||||||||||
Distributions | |||||||||||||||||
Net investment income | (0.04) | (0.01) | – | (0.42) | – | ||||||||||||
Net realized gains on investments | – | – | – | (0.37) | – | ||||||||||||
Total distributions | (0.04) | (0.01) | – | (0.79) | – | ||||||||||||
Net Asset Value | |||||||||||||||||
End of period | $9.28 | $14.40 | $11.07 | $16.93 | $28.93 | ||||||||||||
Total Return(c) | (35.35%) | 30.25% | 4.14%(d) | (39.75%) | 3.28%(d) | ||||||||||||
Net Assets End of Period | $ 345,477 | $ 396,693 | $ 100,280 | $ 336,845 | $ 678,578 | ||||||||||||
Ratios and Supplemental Data | |||||||||||||||||
Expenses to average net assets: | |||||||||||||||||
After reimbursement/fee waiver | 0.85% | 0.86% | 0.89%(e) | 0.86% | 0.86%(e) | ||||||||||||
Before reimbursement/fee waiver | 0.85% | 0.86% | 0.89%(e) | 0.86% | 0.86%(e) | ||||||||||||
Net investment income (loss), to average net assets | 0.68% | 0.30% | 0.07%(e) | 1.00% | 0.98%(e) | ||||||||||||
Portfolio turnover rate | 73% | 40% | 62%(d) | 29% | 11%(d) | ||||||||||||
Transamerica Oppenheimer | Transamerica BNY Mellon | ||||||||||||||||
Small- & Mid-Cap Value | Market Neutral Strategy | ||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(a) | 2008 | 2007(a) | |||||||||||||
Net Asset Value | |||||||||||||||||
Beginning of period | $13.18 | $10.94 | $10.00 | $9.78 | $10.00 | ||||||||||||
Investment Operations | |||||||||||||||||
Net Investment income (loss)(b) | 0.04 | – | 0.02 | 0.10 | 0.23 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (5.98) | 2.44 | 0.92 | 0.20 | (0.45) | ||||||||||||
Total from investment operations | (5.94) | 2.44 | 0.94 | 0.30 | (0.22) | ||||||||||||
Distributions | |||||||||||||||||
Net investment income | –(g) | (0.02) | – | (0.57) | – | ||||||||||||
Net realized gains on investments | (0.94) | (0.18) | – | – | – | ||||||||||||
Total distributions | (0.94) | (0.20) | – | (0.57) | – | ||||||||||||
Net Asset Value | |||||||||||||||||
End of period | $6.30 | $13.18 | $10.94 | $9.51 | $9.78 | ||||||||||||
Total Return(c) | (48.36%) | 22.57% | 9.40%(d) | 3.30% | (2.20%)(d) | ||||||||||||
Net Assets End of Period | $ 127,886 | $ 183,126 | $ 91,899 | $ 121,348 | $ 112,394 | ||||||||||||
Ratios and Supplemental Data | |||||||||||||||||
Expenses to average net assets: | |||||||||||||||||
After reimbursement/fee waiver | 1.00% | 1.03%(i) | 1.15%(e) | 2.79%(h) | 3.05%(e),(h) | ||||||||||||
Before reimbursement/fee waiver | 1.00% | 1.03%(i) | 1.22%(e) | 2.79%(h) | 3.05%(e),(h) | ||||||||||||
Net investment income (loss), to average net assets | 0.34% | –% | 0.74%(e) | 1.05%(h) | �� | 2.77%(e),(h) | |||||||||||
Portfolio turnover rate | 102% | 118% | 33%(d) | 192% | 119%(d) | ||||||||||||
206
Transamerica | Transamerica Growth | |||||||||||||||||
Equity | Opportunities | |||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(a) | 2008 | 2007 | 2006(a) | |||||||||||||
Net Asset Value | ||||||||||||||||||
Beginning of period | $12.23 | $9.90 | $9.17 | $11.59 | $8.43 | $7.99 | ||||||||||||
Investment Operations | ||||||||||||||||||
Net Investment income (loss)(b) | 0.06 | 0.01 | –(g) | 0.01 | (0.01) | –(g) | ||||||||||||
Net realized and unrealized gain (loss) on investments | (5.30) | 2.32 | 0.81 | (4.86) | 3.17 | 0.44 | ||||||||||||
Total from investment operations | (5.24) | 2.33 | 0.81 | (4.85) | 3.16 | 0.44 | ||||||||||||
Distributions | ||||||||||||||||||
Net investment income | – | – | – | – | – | – | ||||||||||||
Net realized gains on investments | – | – | (0.08) | – | – | – | ||||||||||||
Total distributions | – | – | (0.08) | – | – | – | ||||||||||||
Net Asset Value | ||||||||||||||||||
End of period | $6.99 | $12.23 | $9.90 | $6.74 | $11.59 | $8.43 | ||||||||||||
Total Return(c) | (42.85%) | 23.54% | 8.83%(d) | (41.85%) | 37.49% | 5.51%(d) | ||||||||||||
Net Assets End of Period | $ 500,722 | $ 888,019 | $ 714,803 | $ 86,425 | $ 206,863 | $ 214,775 | ||||||||||||
Ratios and Supplemental Data | ||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||
After reimbursement/fee waiver | 0.75% | 0.78% | 0.81%(e) | 0.86% | 0.88% | 0.88%(e) | ||||||||||||
Before reimbursement/fee waiver | 0.75% | 0.78% | 0.81%(e) | 0.86% | 0.88% | 0.88%(e) | ||||||||||||
Net investment income (loss), to average net assets | 0.55% | 0.13% | 0.02%(e) | 0.15% | (0.15%) | (0.06%)(e) | ||||||||||||
Portfolio turnover rate | 33% | 62% | 19%(d) | 45% | 85% | 59%(d) | ||||||||||||
Transamerica Small/ | ||||||||||||||||||
Mid Cap Value | ||||||||||||||||||
October 31, | October 31, | October 31, | ||||||||||||||||
2008 | 2007 | 2006(a) | ||||||||||||||||
Beginning of period | $23.91 | $17.87 | $16.84 | |||||||||||||||
Investment Operations | ||||||||||||||||||
Net Investment income (loss)(b) | 0.30 | 0.26 | 0.18 | |||||||||||||||
Net realized and unrealized gain (loss) on investments | (8.67) | 6.32 | 1.97 | |||||||||||||||
Total from investment operations | (8.37) | 6.58 | 2.15 | |||||||||||||||
Distributions | ||||||||||||||||||
Net investment income | (0.24) | (0.23) | – | |||||||||||||||
Net realized gains on investments | (2.49) | (0.31) | (1.12) | |||||||||||||||
Total distributions | (2.73) | (0.54) | (1.12) | |||||||||||||||
Net Asset Value | ||||||||||||||||||
End of period | $12.81 | $23.91 | $17.87 | |||||||||||||||
Total Return(c) | (39.11%) | 37.78% | 13.30%(d) | |||||||||||||||
Net Assets End of Period | $ 214,351 | $ 487,605 | $ 478,728 | |||||||||||||||
Ratios and Supplemental Data | ||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||
After reimbursement/fee waiver | 0.85% | 0.85% | 0.86%(e) | |||||||||||||||
Before reimbursement/fee waiver | 0.85% | 0.85% | 0.86%(e) | |||||||||||||||
Net investment income (loss), to average net assets | 1.58% | 1.30% | 1.05%(e) | |||||||||||||||
Portfolio turnover rate | 48% | 22% | 21%(d) | |||||||||||||||
207
Transamerica UBS | Transamerica Van Kampen | ||||||||||||||||||||
Large Cap Value | Mid-Cap Growth | ||||||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||
2008 | 2007 | 2006 | 2005(a) | 2008 | 2007 | 2006(a) | |||||||||||||||
Net Asset Value | |||||||||||||||||||||
Beginning of period | $13.79 | $12.73 | $10.95 | 10.00 | $14.16 | $10.33 | $10.00 | ||||||||||||||
Investment Operations | |||||||||||||||||||||
Net Investment income (loss)(b) | 0.21 | 0.19 | 0.14 | 0.12 | 0.02 | 0.04 | 0.01 | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (5.64) | 1.36 | 1.92 | 0.84 | (5.90) | 3.81 | 0.32 | ||||||||||||||
Total from investment operations | (5.43) | 1.55 | 2.06 | 0.96 | (5.88) | 3.85 | 0.33 | ||||||||||||||
Distributions | |||||||||||||||||||||
Net investment income | (0.15) | (0.13) | (0.10) | (0.01) | (0.02) | (0.02) | – | ||||||||||||||
Net realized gains on investments | (0.16) | (0.36) | (0.18) | – | (0.84) | – | – | ||||||||||||||
Total distributions | (0.31) | (0.49) | (0.28) | (0.01) | (0.86) | (0.02) | – | ||||||||||||||
Net Asset Value | |||||||||||||||||||||
End of period | $8.05 | $13.79 | $12.73 | $10.95 | $7.42 | $14.16 | $10.33 | ||||||||||||||
Total Return(c) | (40.19%) | 12.48% | 19.19% | 9.60%(d) | (43.99%) | 37.32% | 3.30%(d) | ||||||||||||||
Net Assets End of Period | $ 701,997 | $ 880,922 | $ 226,782 | $ 94,135 | $ 98,141 | $ 125,380 | $ 75,092 | ||||||||||||||
Ratios and Supplemental Data | |||||||||||||||||||||
Expenses to average net assets: | |||||||||||||||||||||
After reimbursement/fee waiver | 0.80% | 0.81% | 0.88% | 0.92%(e) | 0.87% | 0.90% | 0.92%(e) | ||||||||||||||
Before reimbursement/fee waiver | 0.80% | 0.81% | 0.88% | 0.92%(e) | 0.87% | 0.90% | 0.92%(e) | ||||||||||||||
Net investment income (loss), to average net assets | 1.86% | 1.41% | 1.21% | 1.14%(e) | 0.19% | 0.32% | 0.11%(e) | ||||||||||||||
Portfolio turnover rate | 47% | 27% | 32% | 43%(d) | 40% | 74% | 50%(d) | ||||||||||||||
Transamerica Van Kampen | Transamerica BlackRock | ||||||||||||||||||||
Small Company Growth | Global Allocation | ||||||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||
2008 | 2007 | 2006 | 2005(a) | 2008 | 2007 | 2006(a) | |||||||||||||||
Net Asset Value | |||||||||||||||||||||
Beginning of period | $14.14 | $12.78 | $11.29 | $10.10 | $13.23 | $11.23 | $10.00 | ||||||||||||||
Investment Operations | |||||||||||||||||||||
Net Investment income (loss)(b) | 0.10 | 0.02 | (0.02) | 0.01 | 0.27 | 0.24 | 0.19 | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (5.50) | 1.81 | 1.69 | 1.28 | (3.25) | 2.15 | 1.06 | ||||||||||||||
Total from investment operations | (5.40) | 1.83 | 1.67 | 1.29 | (2.98) | 2.39 | 1.25 | ||||||||||||||
Distributions | |||||||||||||||||||||
Net investment income | (0.02) | – | (0.01) | – | (0.35) | (0.20) | (0.02) | ||||||||||||||
Net realized gains on investments | (1.33) | (0.47) | (0.17) | – | (0.58) | (0.19) | – | ||||||||||||||
Total distributions | (1.35) | (0.47) | (0.18) | – | (0.93) | (0.39) | (0.02) | ||||||||||||||
Net Asset Value | |||||||||||||||||||||
End of period | $7.39 | $14.14 | $12.78 | $11.29 | $9.32 | $13.23 | $11.23 | ||||||||||||||
Total Return(c) | (41.72%) | 14.75% | 14.92% | $12.80%(d) | (24.23%) | 21.95% | 12.45%(d) | ||||||||||||||
Net Assets End of Period | $ 61,214 | $ 188,347 | $ 301,649 | $ 86,432 | $ 377,781 | $ 520,484 | $ 490,491 | ||||||||||||||
Ratios and Supplemental Data | |||||||||||||||||||||
Expenses to average net assets: | |||||||||||||||||||||
After reimbursement/fee waiver | 1.02% | 1.01% | 1.01% | 1.07%(e) | 0.88% | 0.85% | 0.90%(e) | ||||||||||||||
Before reimbursement/fee waiver | 1.02% | 1.01% | 1.01% | 1.07%(e) | 0.88% | 0.85% | 0.90%(e) | ||||||||||||||
Net investment income (loss), to average net assets | 0.89% | 0.13% | (0.19%) | 0.06%(e) | 2.25% | 2.04% | 2.02%(e) | ||||||||||||||
Portfolio turnover rate | 44% | 71% | 67% | 75%(d) | 49% | 30% | 31%(d) | ||||||||||||||
208
Transamerica Clarion Global | |||||||||||||||
Real Estate Securities | |||||||||||||||
October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(a) | |||||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $20.48 | $20.25 | $15.85 | ||||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(b) | 0.32 | 0.36 | 0.21 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (8.33) | 2.45 | 5.85 | ||||||||||||
Total from investment operations | (8.01) | 2.81 | 6.06 | ||||||||||||
Distributions | |||||||||||||||
Net investment income | (0.90) | (0.80) | (0.28) | ||||||||||||
Net realized gains on investments | (2.05) | (1.78) | (1.38) | ||||||||||||
Total distributions | (2.95) | (2.58) | (1.66) | ||||||||||||
Net Asset Value | |||||||||||||||
End of period | $9.52 | $20.48 | $20.25 | ||||||||||||
Total Return(c) | (44.82%) | 15.11% | 41.43%(d) | ||||||||||||
Net Assets End of Period | $ 232,115 | $ 367,750 | $ 331,620 | ||||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 0.89% | 0.88% | 0.91%(e) | ||||||||||||
Before reimbursement/fee waiver | 0.89% | 0.88% | 0.91%(e) | ||||||||||||
Net investment income (loss), to average net assets | 2.29% | 1.29% | 1.27%(e) | ||||||||||||
Portfolio turnover rate | 41% | 72% | 76%(d) | ||||||||||||
Transamerica Evergreen | ||||||||||||||||||
Health Care | Transamerica BlackRock Natural Resources | |||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006 | 2005(a) | 2008 | 2007(a) | |||||||||||||
Net Asset Value | ||||||||||||||||||
Beginning of period | $14.15 | $14.22 | $12.52 | $11.26 | $14.11 | $10.00 | ||||||||||||
Investment Operations | ||||||||||||||||||
Net Investment income (loss)(b) | 0.02 | 0.03 | –(g) | (0.07) | 0.03 | 0.04 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (4.13) | 1.75 | 2.42 | 1.43 | (5.85) | 4.07 | ||||||||||||
Total from investment operations | (4.11) | 1.78 | 2.42 | 1.36 | (5.82) | 4.11 | ||||||||||||
Distributions | ||||||||||||||||||
Net investment income | (0.02) | –(g) | – | – | (0.03) | – | ||||||||||||
Net realized gains on investments | (1.10) | (1.85) | (0.72) | (0.10) | (0.15) | – | ||||||||||||
Total distributions | (1.12) | (1.85) | (0.72) | (0.10) | (0.18) | – | ||||||||||||
Net Asset Value | ||||||||||||||||||
End of period | $8.92 | $14.15 | $14.22 | $12.52 | $8.11 | $14.11 | ||||||||||||
Total Return(c) | (31.45%) | 14.04% | 20.02% | 12.09%(d) | (41.77%) | 41.10%(d) | ||||||||||||
Net Assets End of Period | $ 162,357 | $ 363,479 | $ 514,419 | $ 173,270 | $ 87,252 | $ 156,779 | ||||||||||||
Ratios and Supplemental Data | ||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||
After reimbursement/fee waiver | 0.90% | 0.90% | 0.96%(i) | 1.06%(e) | 0.86% | 0.89%(e) | ||||||||||||
Before reimbursement/fee waiver | 0.90% | 0.90% | 0.96%(i) | 1.06%(e) | 0.86% | 0.89%(e) | ||||||||||||
Net investment income (loss), to average net assets | 0.16% | 0.23% | (0.03%) | (0.65%)(e) | 0.21% | 0.39%(e) | ||||||||||||
Portfolio turnover rate | 44% | 68% | 92% | 59%(d) | 4% | 7%(d) | ||||||||||||
209
Transamerica Federated | Transamerica Convertible | |||||||||||||||||
Market Opportunity | Securities | |||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(a) | 2008 | 2007 | 2006(a) | |||||||||||||
Net Asset Value | ||||||||||||||||||
Beginning of period | $9.33 | $9.71 | $10.00 | $15.31 | $12.76 | $11.71 | ||||||||||||
Investment Operations | ||||||||||||||||||
Net Investment income (loss)(b) | 0.11 | 0.24 | 0.27 | 0.18 | 0.16 | 0.14 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (0.77) | (0.34) | (0.30) | (4.92) | 3.23 | 1.17 | ||||||||||||
Total from investment operations | (0.66) | (0.10) | (0.03) | (4.74) | 3.39 | 1.31 | ||||||||||||
Distributions | ||||||||||||||||||
Net investment income | (0.11) | (0.28) | (0.26) | (0.15) | (0.17) | (0.13) | ||||||||||||
Net realized gains on investments | – | – | – | (3.23) | (0.67) | (1.13) | ||||||||||||
Total distributions | (0.11) | (0.28) | (0.26) | (3.38) | (0.84) | (0.26) | ||||||||||||
Net Asset Value | ||||||||||||||||||
End of period | $8.56 | $9.33 | $9.71 | $7.19 | $15.31 | $12.76 | ||||||||||||
Total Return(c) | (7.16%) | (1.03%) | (0.35%)(d) | (38.58%) | 28.10% | 11.26%(d) | ||||||||||||
Net Assets End of Period | $ 74,480 | $ 53,747 | $ 83,188 | $ 91,679 | $ 148,562 | $ 256,474 | ||||||||||||
Ratios and Supplemental Data | ||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||
After reimbursement/fee waiver | 0.88% | 0.93% | 0.88%(e) | 0.84% | 0.82% | 0.82%(e) | ||||||||||||
Before reimbursement/fee waiver | 0.88% | 0.93% | 0.88%(e) | 0.84% | 0.82% | 0.82%(e) | ||||||||||||
Net investment income (loss), to average net assets | 1.13% | 2.49% | 2.97%(e) | 1.65% | 1.24% | 1.20%(e) | ||||||||||||
Portfolio turnover rate | 195% | 97% | 72%(d) | 91% | 92% | 69%(d) | ||||||||||||
Transamerica AllianceBernstein | ||||||||||||||||||
Transamerica Science & Technology | International Value | |||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(a) | 2008 | 2007 | 2006(a) | |||||||||||||
Net Asset Value | ||||||||||||||||||
Beginning of period | $5.74 | $3.93 | $3.98 | $14.88 | $12.35 | $10.00 | ||||||||||||
Investment Operations | ||||||||||||||||||
Net Investment income (loss)(b) | (0.02) | (0.02) | (0.01) | 0.30 | 0.25 | 0.20 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (2.65) | 1.83 | 0.02 | (7.43) | 2.65 | 2.16 | ||||||||||||
Total from investment operations | (2.67) | 1.81 | 0.01 | (7.13) | 2.90 | 2.36 | ||||||||||||
Distributions | ||||||||||||||||||
Net investment income | – | – | – | (0.21) | (0.15) | (0.01) | ||||||||||||
Net realized gains on investments | (0.18) | – | (0.06) | (0.93) | (0.22) | – | ||||||||||||
Total distributions | (0.18) | – | (0.06) | (1.14) | (0.37) | (0.01) | ||||||||||||
Net Asset Value | ||||||||||||||||||
End of period | $2.89 | $5.74 | $3.93 | $6.61 | $14.88 | $12.35 | ||||||||||||
Total Return(c) | (47.93%) | 46.06% | 0.12%(d) | (51.72%) | 23.99% | 23.67%(d) | ||||||||||||
Net Assets End of Period | $ 46,222 | $ 84,206 | $ 57,642 | $ 248,337 | $ 519,217 | $ 376,531 | ||||||||||||
Ratios and Supplemental Data | ||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||
After reimbursement/fee waiver | 0.91% | 0.92% | 0.92%(e) | 0.94% | 0.93% | 0.99%(e) | ||||||||||||
Before reimbursement/fee waiver | 0.91% | 0.92% | 0.92%(e) | 0.94% | 0.93% | 0.99%(e) | ||||||||||||
Net investment income (loss), to average net assets | (0.41%) | (0.41%) | (0.35%)(e) | 2.71% | 1.82% | 1.91%(e) | ||||||||||||
Portfolio turnover rate | 47% | 66% | 94%(d) | 33% | 36% | 22%(d) | ||||||||||||
210
Transamerica | |||||||||||||||
Schroders | |||||||||||||||
International | |||||||||||||||
Small Cap | Transamerica Evergreen International Small Cap | ||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008(a) | 2008 | 2007 | 2006 | 2005(a) | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $10.00 | $18.82 | $16.18 | $12.71 | $10.00 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(b) | 0.12 | 0.09 | 0.15 | 0.14 | 0.06 | ||||||||||
Net realized and unrealized gain (loss) on investments | (4.30) | (8.51) | 4.84 | 3.79 | 2.65 | ||||||||||
Total from investment operations | (4.18) | (8.42) | 4.99 | 3.93 | 2.71 | ||||||||||
Distributions | |||||||||||||||
Net investment income | – | (0.13) | (0.12) | (0.03) | – | ||||||||||
Net realized gains on investments | – | (2.01) | (2.23) | (0.43) | – | ||||||||||
Total distributions | – | (2.14) | (2.35) | (0.46) | – | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $5.82 | $8.26 | $18.82 | $16.18 | $12.71 | ||||||||||
Total Return(c) | (41.80%)(d) | (50.10%) | 34.72% | 31.68% | 27.10%(d) | ||||||||||
Net Assets End of Period | $ 108,655 | $ 316,739 | $ 639,892 | $ 471,635 | $ 204,413 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.27%(e) | 1.14% | 1.13% | 1.15% | 1.22%(e) | ||||||||||
Before reimbursement/fee waiver | 1.30%(e) | 1.14% | 1.13% | 1.15% | 1.22%(e) | ||||||||||
Net investment income (loss), to average net assets | 1.96%(e) | 0.63% | 0.88% | 0.94% | 0.56%(e) | ||||||||||
Portfolio turnover rate | 14%(d) | 120% | 78% | 89% | 65%(d) | ||||||||||
Transamerica MFS | |||||||||||||||
International Equity | Transamerica Marsico International Growth | ||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||
2008(a) | 2008 | 2007 | 2006 | 2005(a) | |||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $10.00 | $16.24 | $14.12 | $11.11 | $10.00 | ||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(b) | 0.02 | 0.14 | 0.13 | 0.05 | 0.16 | ||||||||||
Net realized and unrealized gain (loss) on investments | (3.44) | (7.93) | 4.46 | 3.17 | 0.99 | ||||||||||
Total from investment operations | (3.42) | (7.79) | 4.59 | 3.22 | 1.15 | ||||||||||
Distributions | |||||||||||||||
Net investment income | – | (0.13) | (0.03) | (0.12) | (0.04) | ||||||||||
Net realized gains on investments | – | (1.58) | (2.44) | (0.09) | — | ||||||||||
Total distributions | – | (1.71) | (2.47) | (0.21) | (0.04) | ||||||||||
Net Asset Value | |||||||||||||||
End of period | $6.58 | $6.74 | $16.24 | $14.12 | $11.11 | ||||||||||
Total Return(c) | (34.20%)(d) | (53.42%) | 38.11% | 29.35% | 11.49%(d) | ||||||||||
Net Assets End of Period | $ 40,997 | $ 283,767 | $ 627,738 | $ 428,626 | $ 281,692 | ||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 1.23%(e) | 1.12% | 1.13% | 1.16% | 1.18%(e) | ||||||||||
Before reimbursement/fee waiver | 1.23%(e) | 1.12% | 1.13% | 1.16% | 1.18%(e) | ||||||||||
Net investment income (loss), to average net assets | 0.71%(e) | 1.19% | 0.99% | 0.38% | 1.52%(e) | ||||||||||
Portfolio turnover rate | 37%(d) | 122% | 133% | 129% | 145%(d) | ||||||||||
211
Transamerica Neuberger Berman | Transamerica Thornburg | |||||||||||||||||
International | International Value | |||||||||||||||||
October 31, | October 31, | October 31, | October 31, | |||||||||||||||
2008 | 2007 | 2006(a) | 2008(a) | |||||||||||||||
Net Asset Value | ||||||||||||||||||
Beginning of period | $13.55 | $11.74 | $10.00 | $10.00 | ||||||||||||||
Investment Operations | ||||||||||||||||||
Net Investment income (loss)(b) | 0.19 | 0.15 | 0.12 | –(g) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (6.63) | 2.37 | 1.64 | (2.02) | ||||||||||||||
Total from investment operations | (6.44) | 2.52 | 1.76 | (2.02) | ||||||||||||||
Distributions | ||||||||||||||||||
Net investment income | (0.13) | (0.13) | (0.02) | |||||||||||||||
Net realized gains on investments | (1.03) | (0.58) | – | – | ||||||||||||||
Total distributions | (1.16) | (0.71) | (0.02) | – | ||||||||||||||
Net Asset Value | ||||||||||||||||||
End of period | $5.95 | $13.55 | $11.74 | $7.98 | ||||||||||||||
Total Return(c) | (51.66%) | 22.37% | 17.61%(d) | (20.20%)(d) | ||||||||||||||
Net Assets End of Period | $ 307,981 | $ 596,488 | $ 459,996 | $ 79,516 | ||||||||||||||
Ratios and Supplemental Data | ||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||
After reimbursement/fee waiver | 1.06% | 1.06% | 1.07%(e) | 1.35%(e) | ||||||||||||||
Before reimbursement/fee waiver | 1.06% | 1.06% | 1.07%(e) | 1.76%(e) | ||||||||||||||
Net investment income (loss), to average net assets | 1.87% | 1.21% | 1.21%(e) | (0.18%)(e) | ||||||||||||||
Portfolio turnover rate | 72% | 57% | 52%(d) | 5%(d) | ||||||||||||||
Transamerica Oppenheimer | |||||||||
Developing Markets | |||||||||
October 31, | October 31, | October 31, | |||||||
2008 | 2007 | 2006(a) | |||||||
Net Asset Value | |||||||||
Beginning of period | $17.07 | $11.41 | $10.00 | ||||||
Investment Operations | |||||||||
Net Investment income (loss)(b) | 0.19 | 0.12 | 0.09 | ||||||
Net realized and unrealized gain (loss) on investments | (7.65) | 5.99 | 1.37 | ||||||
Total from investment operations | (7.46) | 6.11 | 1.46 | ||||||
Distributions | |||||||||
Net investment income | (0.09) | (0.06) | (0.05) | ||||||
Net realized gains on investments | (1.32) | (0.39) | – | ||||||
Total distributions | (1.41) | (0.45) | (0.05) | ||||||
Net Asset Value | |||||||||
End of period | $8.20 | $17.07 | $11.41 | ||||||
Total Return(c) | (47.48%) | 55.27% | 14.64%(d) | ||||||
Net Assets End of Period | $ 317,973 | $ 674,561 | $ 362,080 | ||||||
Ratios and Supplemental Data | |||||||||
Expenses to average net assets: | |||||||||
After reimbursement/fee waiver | 1.32% | 1.34% | 1.45%(e) | ||||||
Before reimbursement/fee waiver | 1.32% | 1.34% | 1.45%(e) | ||||||
Net investment income (loss), to average net assets | 1.42% | 0.87% | 0.89%(e) | ||||||
Portfolio turnover rate | 67% | 59% | 77%(d) | ||||||
212
Transamerica WMC Emerging Markets | Transamerica PIMCO Real Return TIPS | ||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||
2008(a) | 2008 | 2007 | 2006 | 2005(a) | |||||||||||||
Net Asset Value | |||||||||||||||||
Beginning of period | $10.00 | $10.21 | $10.05 | $10.25 | $10.45 | ||||||||||||
Investment Operations | |||||||||||||||||
Net Investment income (loss)(b) | –(g) | 0.47 | 0.38 | 0.48 | 0.37 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (2.34) | (0.96) | 0.16 | (0.22) | (0.04) | ||||||||||||
Total from investment operations | (2.34) | (0.49) | 0.54 | 0.26 | 0.33 | ||||||||||||
Distributions | |||||||||||||||||
Net investment income | – | (0.51) | (0.38) | (0.45) | (0.36) | ||||||||||||
Net realized gains on investments | – | – | – | (0.01) | 0.17 | ||||||||||||
Total distributions | – | (0.51) | (0.38) | (0.46) | (0.53) | ||||||||||||
Net Asset Value | |||||||||||||||||
End of period | $7.66 | $9.21 | $10.21 | $10.05 | $10.25 | ||||||||||||
Total Return(c) | (23.40%)(d) | (5.29%) | 5.54% | 2.55% | 3.20%(d) | ||||||||||||
Net Assets End of Period | $ 76,127 | $ 621,092 | $ 690,942 | $ 603,597 | $ 295,966 | ||||||||||||
Ratios and Supplemental Data | |||||||||||||||||
Expenses to average net assets: | |||||||||||||||||
After reimbursement/fee waiver | 1.40%(e) | 0.74% | 0.73% | 0.73% | 0.73%(e) | ||||||||||||
Before reimbursement/fee waiver | 2.26%(e) | 0.74% | 0.73% | 0.73% | 0.73%(e) | ||||||||||||
Net investment income (loss), to average net assets | 0.15%(e) | 4.47% | 3.82% | 4.79% | 3.60%(e) | ||||||||||||
Portfolio turnover rate | 10%(d) | 1028% | 375% | 384% | 662%(d) | ||||||||||||
213
Transamerica JPMorgan | |||||||||||||||||
International Bond | |||||||||||||||||
October 31, | October 31, | October 31, | |||||||||||||||
2008 | 2007 | 2006(a) | |||||||||||||||
Net Asset Value | |||||||||||||||||
Beginning of period | $11.00 | $10.51 | $10.00 | ||||||||||||||
Investment Operations | |||||||||||||||||
Net Investment income (loss)(b) | 0.29 | 0.28 | 0.22 | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.29) | 0.59 | 0.49 | ||||||||||||||
Total from investment operations | –(g) | 0.87 | 0.71 | ||||||||||||||
Distributions | |||||||||||||||||
Net investment income | (0.44) | (0.38) | (0.20) | ||||||||||||||
Net realized gains on investments | – | – | – | ||||||||||||||
Total distributions | (0.44) | (0.38) | (0.20) | ||||||||||||||
Net Asset Value | |||||||||||||||||
End of period | $10.56 | $11.00 | $10.51 | ||||||||||||||
Total Return(c) | (0.14%) | 8.55% | 7.12%(d) | ||||||||||||||
Net Assets End of Period | $ 699,078 | $761,827 | $682,254 | ||||||||||||||
Ratios and Supplemental Data | |||||||||||||||||
Expenses to average net assets: | |||||||||||||||||
After reimbursement/fee waiver | 0.61% | 0.61% | 0.64%(e) | ||||||||||||||
Before reimbursement/fee waiver | 0.61% | 0.61% | 0.64%(e) | ||||||||||||||
Net investment income (loss), to average net assets | 2.55% | 2.68% | 2.34%(e) | ||||||||||||||
Portfolio turnover rate | 74% | 86% | 145%(d) | ||||||||||||||
Transamerica PIMCO Total Return | |||||||||||||||
October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007 | 2006(a) | |||||||||||||
Net Asset Value | |||||||||||||||
Beginning of period | $10.47 | $10.28 | $10.12 | ||||||||||||
Investment Operations | |||||||||||||||
Net Investment income (loss)(b) | 0.49 | 0.46 | 0.41 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (0.88) | 0.18 | 0.12 | ||||||||||||
Total from investment operations | (0.39) | 0.64 | 0.53 | ||||||||||||
Distributions | |||||||||||||||
Net investment income | (0.44) | (0.44) | (0.37) | ||||||||||||
Net realized gains on investments | (0.06) | (0.01) | – | ||||||||||||
Total distributions | (0.50) | (0.45) | (0.37) | ||||||||||||
Net Asset Value | |||||||||||||||
End of period | $9.58 | $10.47 | $10.28 | ||||||||||||
Total Return(c) | (4.04%) | 6.33% | 5.33%(d) | ||||||||||||
Net Assets End of Period | $ 555,428 | $ 540,310 | $ 268,173 | ||||||||||||
Ratios and Supplemental Data | |||||||||||||||
Expenses to average net assets: | |||||||||||||||
After reimbursement/fee waiver | 0.75% | 0.75% | 0.80%(e) | ||||||||||||
Before reimbursement/fee waiver | 0.75% | 0.75% | 0.80%(e) | ||||||||||||
Net investment income (loss), to average net assets | 4.66% | 4.39% | 4.18%(e) | ||||||||||||
Portfolio turnover rate | 751% | 756% | 544%(d) | ||||||||||||
214
Transamerica UBS | ||||||||||||||||||
Dynamic Alpha | Transamerica Flexible Income | |||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||
2008 | 2007(a) | 2008 | 2007 | 2006 | 2005(a) | |||||||||||||
Net Asset Value | ||||||||||||||||||
Beginning of period | $9.83 | $10.00 | $9.17 | $9.42 | $9.35 | $9.68 | ||||||||||||
Investment Operations | ||||||||||||||||||
Net Investment income (loss)(b) | 0.18 | 0.09 | 0.50 | 0.53 | 0.50 | 0.40 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (1.30) | (0.26) | (1.90) | (0.26) | 0.05 | (0.32) | ||||||||||||
Total from investment operations | (1.12) | (0.17) | (1.40) | 0.27 | 0.55 | 0.08 | ||||||||||||
Distributions | ||||||||||||||||||
Net investment income | (0.11) | – | (0.52) | (0.52) | (0.48) | (0.37) | ||||||||||||
Net realized gains on investments | – | – | – | – | – | (0.04) | ||||||||||||
Total distributions | (0.11) | – | (0.52) | (0.52) | (0.48) | (0.41) | ||||||||||||
Net Asset Value | ||||||||||||||||||
End of period | $8.60 | $9.83 | $7.25 | $9.17 | $9.42 | $9.35 | ||||||||||||
Total Return(c) | (11.55%) | (1.70%)(d) | (16.02%) | 2.93% | 6.04% | 0.85%(d) | ||||||||||||
Net Assets End of Period | $ 165,567 | $ 209,382 | $ 128,108 | $ 370,611 | $ 221,116 | $ 110,709 | ||||||||||||
Ratios and Supplemental Data | ||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||
After reimbursement/fee waiver | 1.51% | 1.51%(e) | 0.77% | 0.80% | 0.86% | 0.85%(e) | ||||||||||||
Before reimbursement/fee waiver | 1.51% | 1.51%(e) | 0.77% | 0.80% | 0.86% | 0.85%(e) | ||||||||||||
Net investment income (loss), to average net assets | 1.81% | 1.16%(e) | 5.67% | 5.71% | 5.35% | 4.25%(e) | ||||||||||||
Portfolio turnover rate | 84% | 45%(d) | 98% | 108% | 110% | 58%(d) | ||||||||||||
Transamerica | ||||||||||||||
High Yield Bond | ||||||||||||||
October 31, | October 31, | October 31, | October 31, | |||||||||||
2008 | 2007 | 2006 | 2005(a) | |||||||||||
Net Asset Value | ||||||||||||||
Beginning of period | $9.17 | $9.24 | $9.02 | $9.39 | ||||||||||
Investment Operations | ||||||||||||||
Net Investment income (loss)(b) | 0.69 | 0.65 | 0.67 | 0.59 | ||||||||||
Net realized and unrealized gain (loss) on investments | (2.85) | (0.07) | 0.18 | (0.37) | ||||||||||
Total from investment operations | (2.16) | 0.58 | 0.85 | 0.22 | ||||||||||
Distributions | ||||||||||||||
Net investment income | (0.66) | (0.65) | (0.63) | (0.59) | ||||||||||
Net realized gains on investments | – | – | – | – | ||||||||||
Total distributions | (0.66) | (0.65) | (0.63) | (0.59) | ||||||||||
Net Asset Value | ||||||||||||||
End of period | $6.35 | $9.17 | $9.24 | $9.02 | ||||||||||
Total Return(c) | (25.05%) | 6.39% | 9.81% | 2.33%(d) | ||||||||||
Net Assets End of Period | $ 418,923 | $ 331,300 | $ 315,252 | $ 40,860 | ||||||||||
Ratios and Supplemental Data | ||||||||||||||
Expenses to average net assets: | ||||||||||||||
After reimbursement/fee waiver | 0.65% | 0.65% | 0.66% | 0.66%(e) | ||||||||||
Before reimbursement/fee waiver | 0.65% | 0.65% | 0.66% | 0.66%(e) | ||||||||||
Net investment income (loss), to average net assets | 8.34% | 6.96% | 7.29% | 6.60%(e) | ||||||||||
Portfolio turnover rate | 38% | 80% | 73% | 71%(d) | ||||||||||
215
Transamerica Loomis | ||||||||||||||||||||
Transamerica Short-Term Bond | Sayles Bond | |||||||||||||||||||
October 31, | October 31, | October 31, | October 31, | October 31, | October 31, | |||||||||||||||
2008 | 2007 | 2006 | 2005(a) | 2008 | 2007(a) | |||||||||||||||
Net Asset Value | ||||||||||||||||||||
Beginning of period | $9.82 | $9.84 | $9.79 | $10.00 | $10.19 | $10.00 | ||||||||||||||
Investment Operations | ||||||||||||||||||||
Net Investment income (loss)(b) | 0.43 | 0.47 | 0.40 | 0.28 | 0.60 | 0.45 | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.54) | (0.04) | 0.05 | (0.22) | (2.88) | (0.01) | ||||||||||||||
Total from investment operations | (0.11) | 0.43 | 0.45 | 0.06 | (2.28) | 0.44 | ||||||||||||||
Distributions | ||||||||||||||||||||
Net investment income | (0.43) | (0.45) | (0.40) | (0.27) | (0.57) | (0.25) | ||||||||||||||
Net realized gains on investments | – | – | – | – | – | – | ||||||||||||||
Total distributions | (0.43) | (0.45) | (0.40) | (0.27) | (0.57) | (0.25) | ||||||||||||||
Net Asset Value | ||||||||||||||||||||
End of period | $9.28 | $9.82 | $9.84 | $9.79 | $7.34 | $10.19 | ||||||||||||||
Total Return(c) | (1.22%) | 4.45% | 4.72% | 0.49%(d) | (23.56%) | 4.50%(d) | ||||||||||||||
Net Assets End of Period | $ 492,333 | $ 563,889 | $ 379,442 | $ 174,302 | $ 577,368 | $ 513,249 | ||||||||||||||
Ratios and Supplemental Data | ||||||||||||||||||||
Expenses to average net assets: | ||||||||||||||||||||
After reimbursement/fee waiver | 0.68% | 0.67% | 0.70% | 0.71%(e) | 0.69% | 0.73%(e) | ||||||||||||||
Before reimbursement/fee waiver | 0.68% | 0.67% | 0.70% | 0.71%(e) | 0.69% | 0.73%(e) | ||||||||||||||
Net investment income (loss), to average net assets | 4.38% | 4.81% | 4.10% | 2.92%(e) | 6.34% | 5.42%(e) | ||||||||||||||
Portfolio turnover rate | 67% | 117% | 100% | 153%(d) | 24% | 18%(d) | ||||||||||||||
Transamerica Van Kampen Emerging Markets Debt | |||||||||||||||||
October 31, | October 31, | October 31, | October 31, | ||||||||||||||
2008 | 2007 | 2006 | 2005(a) | ||||||||||||||
Net Asset Value | |||||||||||||||||
Beginning of period | $11.23 | $10.91 | $10.45 | $10.00 | |||||||||||||
Investment Operations | |||||||||||||||||
Net Investment income (loss)(b) | 0.61 | 0.59 | 0.55 | 0.49 | |||||||||||||
Net realized and unrealized gain (loss) on investments | (2.72) | 0.46 | 0.52 | 0.45 | |||||||||||||
Total from investment operations | (2.11) | 1.05 | 1.07 | 0.94 | |||||||||||||
Distributions | |||||||||||||||||
Net investment income | (0.79) | (0.63) | (0.54) | (0.49) | |||||||||||||
Net realized gains on investments | (0.35) | (0.10) | (0.07) | – | |||||||||||||
Total distributions | (1.14) | (0.73) | (0.61) | (0.49) | |||||||||||||
Net Asset Value | |||||||||||||||||
End of period | $7.98 | $11.23 | $10.91 | $10.45 | |||||||||||||
Total Return(c) | (20.81%) | 9.94% | 10.61% | 9.36%(d) | |||||||||||||
Net Assets End of Period | $ 320,350 | $ 317,328 | $ 425,726 | $ 136,022 | |||||||||||||
Ratios and Supplemental Data | |||||||||||||||||
Expenses to average net assets: | |||||||||||||||||
After reimbursement/fee waiver | 0.98% | 1.03% | 1.03% | 1.07%(e) | |||||||||||||
Before reimbursement/fee waiver | 0.98% | 1.03% | 1.03% | 1.07%(e) | |||||||||||||
Net investment income (loss), to average net assets | 5.92% | 5.36% | 5.24% | 4.91%(e) | |||||||||||||
Portfolio turnover rate | 81% | 79% | 79% | 67%(d) | |||||||||||||
216
Transamerica Money Market | |||||||||
October 31, | October 31, | October 31, | |||||||
2008 | 2007 | 2006(a) | |||||||
Net Asset Value | |||||||||
Beginning of period | $1.00 | $1.00 | $1.00 | ||||||
Investment Operations | |||||||||
Net Investment income (loss)(b) | 0.03 | 0.05 | 0.04 | ||||||
Net realized and unrealized gain (loss) on investments | –(g) | – | – | ||||||
Total from investment operations | 0.03 | 0.05 | 0.04 | ||||||
Distributions | |||||||||
Net investment income | (0.03) | (0.05) | (0.04) | ||||||
Net realized gains on investments | – | –(g) | – | ||||||
Total distributions | (0.03) | (0.05) | (0.04) | ||||||
Net Asset Value | |||||||||
End of period | $1.00 | $1.00 | $1.00 | ||||||
Total Return(c) | 2.84% | 4.98% | 4.30%(d) | ||||||
Net Assets End of Period | $ 29,327 | $ 34,673 | $ 26,466 | ||||||
Ratios and Supplemental Data | |||||||||
Expenses to average net assets: | |||||||||
After reimbursement/fee waiver | 0.48% | 0.48% | 0.48%(e) | ||||||
Before reimbursement/fee waiver | 0.49% | 0.52% | 0.51%(e) | ||||||
Net investment income (loss), to average net assets | 2.89% | 4.88% | 4.39%(e) | ||||||
(a) | Class I commenced operations according to the table below. |
(b) | Calculation is based on average number of shares outstanding. |
(c) | Total return has been calculated for the applicable period without deduction of a sales load, if any, on an initial purchase. |
(d) | Not annualized. |
(e) | Annualized. |
(f) | Includes recaptured expenses by the investment adviser. The impact of recaptured expenses was 0.02%. |
(g) | Rounds to less than $(0.01) or $0.01. |
(h) | Includes dividends on securities sold short (representing 1.56% and 1.30% of Average Net Assets for 2007 and 2008, respectively). |
(i) | Includes recaptured expenses by the investment adviser. The impact of recaptured expenses was 0.01%. |
Transamerica American Century Large Company Value | November 15, 2005 | |
Transamerica Bjurman, Barry Micro Emerging Growth | August 1, 2006 | |
Transamerica BlackRock Large Cap Value | November 15, 2005 | |
Transamerica JPMorgan Mid Cap Value | November 15, 2005 | |
Transamerica Jennison Growth | November 15, 2005 | |
Transamerica Legg Mason Partners Investors Value | November 15, 2005 | |
Transamerica Marsico Growth | November 15, 2005 | |
Transamerica Third Avenue Value | May 1, 2007 | |
Transamerica Oppenheimer Small- & Mid-Cap Value | August 1, 2006 | |
Transamerica BNY Mellon Market Neutral Strategy | January 3, 2007 | |
Transamerica Equity | November 15, 2005 | |
Transamerica Growth Opportunities | November 15, 2005 | |
Transamerica Small/Mid Cap Value | November 15, 2005 | |
Transamerica UBS Large Cap Value | November 8, 2004 | |
Transamerica Van Kampen Mid-Cap Growth | January 3, 2006 | |
Transamerica Van Kampen Small Company Growth | November 8, 2004 | |
Transamerica BlackRock Global Allocation | December 6, 2005 | |
Transamerica Clarion Global Real Estate Securities | November 15, 2005 | |
Transamerica Evergreen Health Care | November 8, 2004 | |
Transamerica BlackRock Natural Resources | January 3, 2007 | |
Transamerica Federated Market Opportunity | December 6, 2005 | |
Transamerica Convertible Securities | November 15, 2005 | |
Transamerica Science & Technology | November 15, 2005 | |
Transamerica AllianceBernstein International Value | December 6, 2005 | |
Transamerica Schroders International Small Cap | March 1, 2008 | |
Transamerica Evergreen International Small Cap | November 8, 2004 | |
Transamerica MFS International Equity | June 10, 2008 | |
Transamerica Marsico International Growth | November 8, 2004 | |
Transamerica Neuberger Berman International | December 6, 2005 | |
Transamerica Thornburg International Value | September 15, 2008 | |
Transamerica Oppenheimer Developing Markets | December 6, 2005 | |
Transamerica WMC Emerging Markets | September 30, 2008 | |
Transamerica PIMCO Real Return TIPS | November 8, 2004 | |
Transamerica JPMorgan International Bond | December 6, 2005 | |
Transamerica PIMCO Total Return | November 15, 2005 | |
Transamerica UBS Dynamic Alpha | January 3, 2007 | |
Transamerica Flexible Income | November 8, 2004 | |
Transamerica High Yield Bond | November 8, 2004 | |
Transamerica Short-Term Bond | November 8, 2004 | |
Transamerica Loomis Sayles Bond | January 3, 2007 | |
Transamerica Van Kampen Emerging Markets Debt | November 8, 2004 | |
Transamerica Money Market | November 15, 2005 |
217
(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. |
218
219
220
- | 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 the 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 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. |
221
- | CHANGES IN INTEREST RATES. Bond prices tend to move inversely to interest rates. Why? Because when interest rates on new bond issues go up, rates on existing bonds stay the same and they become less desirable. When rates go down, the reverse happens. This is also true for most preferred stocks and some convertible securities. |
- | LENGTH OF TIME TO MATURITY. When a bond matures, the issuer must pay the owner its face value. If the maturity date is a long way off, many things can affect its value, so a bond generally is more volatile the farther it is from maturity. As that date approaches, fluctuations usually become smaller and the price gets closer to face value. |
APPENDIX A-1
- | DEFAULTS. Bond issuers make at least two promises: (1) to pay interest during the bond’s term and (2) to return principal when it matures. If an issuer fails to keep one or both of these promises, the bond will probably drop in price dramatically, and may even become worthless. |
- | DECLINES IN RATINGS. At the time of issue, most bonds are rated by professional rating services, such as Moody’s Investors Service (“Moody’s”) and Standard & Poor’s Ratings Group (“S&P”). The stronger the financial backing behind the bond, the higher the rating. If this backing is weakened or lost, the rating service may downgrade the bond’s rating. This is virtually certain to cause the bond to drop in price. |
- | LOW QUALITY. High-yield/high-risk securities (commonly known as “junk bonds”) have greater credit risk, are more sensitive to interest rate movements, are considered more speculative, have a greater vulnerability to economic changes are subject to greater price volatility and are less liquid than higher quality fixed-income securities. These securities may be more susceptible to credit risk and market risk than higher quality debt securities because their issuers may be 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 higher quality debt securities. As a result, a sub-adviser of a fund 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. |
- | LOSS OF LIQUIDITY. If a bond is downgraded, or for other reasons drops in price, or if the bond is a type of investment that falls out of favor with investors, the market demand for it may “dry up.” In that case, the bond may be hard to sell or “liquidate” (convert to cash). Please see Appendix B for a description of bond ratings. |
- | CHANGES IN CURRENCY VALUES. Foreign securities may be sold in currencies other than U.S. dollars. If a currency’s value drops relative to the dollar, the value of your fund shares could drop too. Also, dividend and interest payments may be lower. Factors affecting exchange rates include, without limitation: differing interest rates among countries; balances of trade; amount of a country’s overseas investments; and intervention by banks. Some funds also invest in American Depositary Receipts (“ADRs”) and American Depositary Shares (“ADSs”). They represent securities of foreign companies traded on U.S. exchanges, and their values are expressed in U.S. dollars. Changes in the value of the underlying foreign currency will change the value of the ADRs or ADSs. The fund may incur costs when it converts other currencies into dollars, and vice-versa. |
- | CURRENCY SPECULATION. The foreign currency market is largely unregulated and subject to speculation. A fund’s investments in foreign currency-denominated securities may reduce the returns of the fund. |
- | DIFFERING ACCOUNTING AND REPORTING PRACTICES. Foreign tax laws are different, as are laws, practices and standards for accounting, auditing and reporting data to investors. |
- | LESS INFORMATION AVAILABLE TO THE PUBLIC. Foreign companies usually make far less information available to the public. |
- | LESS REGULATION. Securities regulations in many foreign countries are more lax than in the U.S. In addition, regulation of banks and capital markets can be weak. |
- | MORE COMPLEX NEGOTIATIONS. Because of differing business and legal procedures, a fund might find it hard to enforce obligations or negotiate favorable brokerage commission rates. |
- | LESS LIQUIDITY/MORE VOLATILITY. Some foreign securities are harder to convert to cash than U.S. securities, and their prices may fluctuate more dramatically. |
- | SETTLEMENT DELAYS. “Settlement” is the process of completing payment and delivery of a securities transaction. In many countries, this process takes longer than it does in the U.S. |
- | HIGHER CUSTODIAL CHARGES. Fees charged by the fund’s custodian for holding shares are higher for foreign securities than those of domestic securities. |
- | VULNERABILITY TO SEIZURE AND TAXES. Some governments can seize assets. They may also limit movement of assets from the country. Fund interest, dividends and capital gains may be subject to foreign withholding taxes. |
- | POLITICAL OR FINANCIAL INSTABILITY AND SMALL MARKETS. Developing countries can be politically unstable. Economies can be dominated by a few industries, and markets may trade a small number of securities. |
- | DIFFERENT MARKET TRADING DAYS. Foreign markets may not be open for trading the same days as U.S. markets are open and asset values can change before a transaction occurs. |
- | CURRENCY HEDGING. A fund may enter into forward currency contracts to hedge against declines in the value of securities denominated in, or whose value is tied to, a currency other than the U.S. dollar or to reduce the impact of currency fluctuation on purchases and sales of such securities. Shifting a fund’s currency exposure from one currency to another removes the fund’s opportunity to profit from the original currency and involves a risk of increased losses for the fund if the sub-adviser’s projection of future exchange rates is inaccurate. |
APPENDIX A-2
- | EMERGING MARKETS RISK. Investing in the securities of issuers located in or principally doing business in emerging markets bear foreign exposure 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 typically 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, more difficult to value 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. |
- | DERIVATIVES. Certain of the funds use derivative instruments as part of their investment strategy. Generally, derivatives are financial contracts whose value depends upon, or is derived from, the value of an underlying asset, reference rate or index, and may relate to stocks, bonds, interest rates, currencies or currency exchange rates, commodities, and related indexes. Examples of derivative instruments include option contracts, futures contracts, options on futures contracts and swap agreements (including, but not limited to, credit default swaps). There is no assurance that the use of any derivatives strategy will succeed. Also, investing in financial contracts involve additional risks and costs, such as inaccurate market predictions which may result in losses instead of gains, and prices may not match so the benefits of the transaction might be diminished and a fund may incur substantial losses. |
- | MANAGEMENT RISK. Derivative products are highly specialized instruments that require investment techniques and risk analyses different from those associated with stocks and bonds. The use of a derivative requires an understanding not only of the underlying instrument but also of the derivative itself, without the benefit of observing the performance of the derivative under all possible market conditions. |
- | CREDIT RISK. The use of a derivative instrument involves the risk that a loss may be sustained as a result of the failure of another party to the contract (counterparty) to make required payments or otherwise comply with the contract’s terms. Additionally, credit default swaps could result in losses if a fund does not correctly evaluate the creditworthiness of the company on which the credit default swap is based. |
- | LIQUIDITY RISK. Liquidity risk exists when particular investments are difficult to sell. Although most of the fund’s securities must be liquid at the time of investment, securities may become illiquid after purchase by the fund, particularly during periods of market turmoil. When the fund holds illiquid investments, the portfolio may be harder to value, especially in changing markets, and if the fund is forced to sell these investments to meet redemptions or for other cash needs, the fund may suffer a loss. In addition, when there is illiquidity in the market for certain securities, the fund, due to limitations on investments in illiquid securities, may be unable to achieve its desired level of exposure to a certain sector. |
- | LEVERAGE RISK. When the fund engages in transactions that have a leveraging effect on the fund’s portfolio, the value of the fund will be more volatile and all other risks will tend to be compounded. This is because leverage generally magnifies the effect of any increase or decrease in the value of the fund’s underlying assets or creates investment risk with respect to a larger pool of assets than the fund would otherwise have. The fund may take on leveraging risk by, among other things, engaging in derivative, when-issued, delayed-delivery, forward commitment or forward roll transactions or reverse repurchase agreements. Engaging in such transactions may cause the fund to liquidate positions when it may not be advantageous to do so to satisfy its obligations or meet segregation requirements. |
- | LACK OF AVAILABILITY. Suitable derivatives transactions may not be available in all circumstances for risk management or other purposes. There is no assurance that a fund will engage in derivatives transactions at any time or from time to time. A fund’s ability to use derivatives may be limited by certain regulatory and tax considerations. |
APPENDIX A-3
- | MARKET AND OTHER RISKS. Like most other investments, derivative instruments are subject to the risk that the market value of the instrument will change in a way that is detrimental to a fund’s interest. If a fund manager incorrectly forecasts the value of securities, currencies or interest rates or other economic factors in using derivatives for a fund, the fund might have been in a better position if it had not entered into the transaction at all. While some strategies involving derivative instruments can reduce the risk of loss, they can also reduce the opportunity for gain or even result in losses by offsetting favorable price movements in other fund investments. A fund may also have to buy or sell a security at a disadvantageous time or price because the fund is legally required to maintain offsetting positions or asset coverage in connection with certain derivative transactions. |
- | securities issued or guaranteed by the U.S. Government, its agencies or government-sponsored enterprises, including issues by non-government-sponsored entities (like financial institutions) that carry direct guarantees from U.S. government agencies as part of government initiatives in response to the market crisis or otherwise (“U.S. Government Securities”); |
- | corporate debt securities of U.S. and non-U.S. issuers, including convertible securities and corporate commercial paper; |
- | mortgage-backed and other asset-backed securities; |
- | inflation-indexed bonds issued both by governments and corporations; |
- | structured notes, including hybrid or “indexed” securities, event-linked bonds and loan participations; |
- | delayed funding loans and revolving credit facilities; |
- | bank certificates of deposit, fixed time deposits and bankers’ acceptances; |
- | repurchase agreements and reverse repurchase agreements; |
- | debt securities issued by states or local governments and their agencies, authorities and other government-sponsored enterprises; |
- | obligations of non-U.S. governments or their subdivisions, agencies and government-sponsored enterprises; and |
- | obligations of international agencies or supranational entities. |
- | 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 |
APPENDIX A-4
subordinated securities, those investments may be disproportionately affected by a default or even a perceived decline in creditworthiness of the issuer. |
APPENDIX A-5
- | declining real estate value |
- | risks relating to general and local economic conditions |
- | over-building |
- | increased competition for assets in local and regional markets |
- | increases in property taxes |
- | increases in operating expenses or interest rates |
- | change in neighborhood value or the appeal of properties to tenants |
- | insufficient levels of occupancy |
- | inadequate rents to cover operating expenses |
APPENDIX A-6
- | COMMODITY SWAPS. An investment in a commodity swap agreement may, for example, involve the exchange of floating-rate interest payments for the total return on a commodity index. In a total return commodity swap, a fund will receive the price appreciation of a commodity index, a portion of the index, or a single commodity in exchange for paying an agreed-upon fee. If the commodity swap is for one period, the fund may pay a fixed fee, established at the outset of the swap. However, if the term of the commodity swap is more than one period, with interim swap payments, the fund may pay an adjustable or floating fee. With a “floating” rate, the fee may be pegged to a base rate, such as the London Interbank Offered Rate, and is adjusted each period. Therefore, if interest rates increase over the term of the swap contract, the fund may be required to pay a higher fee at each swap reset date. |
- | INTEREST RATE SWAPS. Interest rate swaps involve the exchange by a fund with another party of their respective commitments to pay or receive interest, e.g., an exchange of floating rate payments for fixed rate payments. The exchange commitments can involve payments to be made in the same currency or in different currencies. The purchase of an interest rate cap entitles the purchaser, to the extent that a specified index exceeds a predetermined interest rate, to receive payments of interest on a contractually based principal amount from the party selling the interest rate cap. The purchase of an interest rate floor entitles the purchaser, to the extent that a specified index falls below a predetermined interest rate, to receive payments of interest on a contractually based principal amount from the party selling the interest rate floor. |
APPENDIX A-7
- | a new product or process; |
- | a management change; |
- | a technological breakthrough; |
- | an extraordinary corporate event; |
- | a temporary imbalance in the supply of, and demand for, the securities of an Issuer |
(1) | Whenever the manager intends to make a sale, the manager will seek to always sell the highest cost lots; when the manager expects the sale will result in a capital gain, the manager looks for a capital loss that can be taken in another stock where the sale also makes economic sense. |
(2) | When taxable dividends and interest accumulates, the manager looks for short term losses to take to offset the income. In either case, the manager tries to accomplish this tax efficiency without compromising the investment opportunity in the fund. |
APPENDIX A-8
- | high volatility; |
- | no track record for consideration; |
- | securities may be illiquid; |
- | earnings are less predictable. |
APPENDIX A-9
APPENDIX A-10
Bond Rating | Explanation | |||
Standard & Poor’s Corporation | AAA | Highest rating; extremely strong capacity to pay principal and interest. | ||
AA | High quality; very strong capacity to pay principal and interest. | |||
A | Strong capacity to pay principal and interest; somewhat more susceptible to the adverse effects of changing circumstances and economic conditions. | |||
BBB | Adequate capacity to pay principal and interest; normally exhibit adequate protection parameters, but adverse economic conditions or changing circumstances more likely to lead to a weakened capacity to pay principal and interest than for higher rated bonds. | |||
BB, B, and CCC, CC, C | Predominantly speculative with respect to the issuer’s capacity to meet required interest and principal payments. BB — lowest degree of speculation; C — the highest degree of speculation. Quality and protective characteristics outweighed by large uncertainties or major risk exposure to adverse conditions | |||
D | In default. |
Moody’s Investors Service, Inc. | Aaa | Highest quality, smallest degree of investment risk. | ||
Aa | High quality; together with Aaa bonds, they compose the high-grade bond group. | |||
A | Upper-medium grade obligations; many favorable investment attributes. | |||
Baa | Medium-grade obligations; neither highly protected nor poorly secured. Interest and principal appear adequate for the present but certain protective elements may be lacking or may be unreliable over any great length of time. | |||
Ba | More uncertain, with speculative elements. Protection of interest and principal payments not well safeguarded during good and bad times. | |||
B | Lack characteristics of desirable investment; potentially low assurance of timely interest and principal payments or maintenance of other contract terms over time. | |||
Caa | Poor standing, may be in default; elements of danger with respect to principal or interest payments. | |||
Ca | Speculative in a high degree; could be in default or have other marked short-comings. | |||
C | Lowest-rated; extremely poor prospects of ever attaining investment standing. |
1. | An application for rating was not received or accepted. | |
2. | The issue or issuer belongs to a group of securities or companies that are not rated as a matter of policy. | |
3. | There is a lack of essential data pertaining to the issue or issuer. | |
4. | The issue was privately placed, in which case the rating is not published in Moody’s publications. |
APPENDIX B-1
Fitch, Inc. | AAA | Highest credit quality. “AAA” ratings denote the lowest expectation of credit risk. They are assigned only in case of exceptionally strong capacity for timely payment of financial commitments. This capacity is highly unlikely to be adversely affected by foreseeable events. | ||
AA | Very high credit quality. “AA” ratings denote a very low expectation of credit risk. They indicate very strong capacity for timely payment of financial commitments. This capacity is not significantly vulnerable to foreseeable events. | |||
A | High credit quality. “A” ratings denote a low expectation of credit risk. The capacity for timely payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to changes in circumstances or in economic conditions than is the case for higher ratings. | |||
BBB | Good credit quality. “BBB” ratings indicate that there is currently a low expectation of credit risk. The capacity for timely payment of financial commitments is considered adequate, but adverse changes in circumstances and in economic conditions are more likely to impair this capacity. This is the lowest investment-grade category. | |||
BB | Speculative. “BB” ratings indicate that there is a possibility of credit risk developing, particularly as the result of adverse economic change over time; however, business or financial alternatives may be available to allow financial commitments to be met. Securities rated in this category are not investment grade. | |||
B | Highly speculative. “B” ratings indicate that significant credit risk is present, but a limited margin of safety remains. Financial commitments are currently being met; however, capacity for continued payment is contingent upon a sustained, favorable business and economic environment. | |||
CCC, CC, C | High default risk. “CCC” ratings indicate that default is a real possibility. Capacity for meeting financial commitments is solely reliant upon sustained, favorable business or economic developments. A “CC” rating indicates that default of some kind appears probable. “C” ratings signal imminent default. | |||
DDD,DD,D | Default. The ratings of obligations in this category are based on their prospects for achieving partial or full recovery in a reorganization or liquidation of the obligor. While expected recovery values are highly speculative and cannot be estimated with any precision, the following serve as general guidelines. “DDD” obligations have the highest potential for recovery, around 90%–100% of outstanding amounts and accrued interest. “DD” indicates potential recoveries in the range of 50%–90%, and “D” the lowest recovery potential, i.e., below 50%. Entities rated in this category have defaulted on some or all of their obligations. Entities rated “DDD” have the highest prospect for resumption of performance or continued operation with or without a formal reorganization process. Entities rated “DD” and “D” are generally undergoing a formal reorganization or liquidation process; those rated “DD” are likely to satisfy a higher portion of their outstanding obligations, while entities rated “D” have a poor prospect for repaying all obligations. |
APPENDIX B-2
• | Information we receive from you on applications or other forms, such as your name, address and account number; |
• | Information about your transactions with us, our affiliates, or others, such as your account balance and purchase/redemption history; and |
• | Information we receive from non-affiliated third parties, including consumer reporting agencies. |
![](https://capedge.com/proxy/N-14/0000950123-09-040205/g20257g1678156.gif)
and the Statement of Additional Information dated July 1, 2009, each as previously supplemented
• | 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 |
- | 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. |
2
Transamerica Funds
Transamerica Series Trust
Transamerica Investors, Inc.
Transamerica Partners Funds Group
Transamerica Partners Funds Group II (each, a “fund”)
Date of Prospectus | ||
Fund | and Statement of Additional Information | |
Transamerica Funds | Prospectus — March 1, 2009 | |
Transamerica American Century Large Company Value | Statement of Additional Information — July 1, 2009 | |
Transamerica Balanced | ||
Transamerica Convertible Securities | ||
Transamerica Diversified Equity | ||
Transamerica Equity | ||
Transamerica Evergreen Health Care | ||
Transamerica Evergreen International Small Cap | ||
Transamerica Flexible Income | ||
Transamerica Growth Opportunities | ||
Transamerica High Yield Bond | ||
Transamerica Legg Mason Partners All Cap | ||
Transamerica Marsico Growth | ||
Transamerica Marsico International Growth | ||
Transamerica Money Market | ||
Transamerica Science & Technology | ||
Transamerica Templeton Global | ||
Transamerica Value Balanced | ||
Transamerica Series Trust | May 1, 2009 | |
Transamerica American Century Large Company Value VP | ||
Transamerica Balanced VP | ||
Transamerica BlackRock Large Cap Value VP | ||
Transamerica Diversified Equity VP | ||
Transamerica Jennison Growth VP | ||
Transamerica Legg Mason Partners All Cap VP | ||
Transamerica Marsico Growth VP | ||
Transamerica Munder Net 50 VP | ||
Transamerica Science & Technology VP | ||
Transamerica T. Rowe Price Equity Income VP | ||
Transamerica T. Rowe Price Growth Stock VP | ||
Transamerica Templeton Global VP | ||
Transamerica Value Balanced VP | ||
Transamerica Investors, Inc. | May 1, 2009 | |
Transamerica Premier Balanced Fund | ||
Transamerica Premier Cash Reserve Fund | ||
Transamerica Premier Diversified Equity Fund | ||
Transamerica Premier Equity Fund | ||
Transamerica Premier Focus Fund | ||
Transamerica Premier Growth Opportunities Fund | ||
Transamerica Premier High Yield Bond Fund | ||
Transamerica Premier Institutional Bond Fund | ||
Transamerica Premier Institutional Diversified Equity Fund | ||
Transamerica Premier Institutional Equity Fund | ||
Transamerica Premier Institutional Small Cap Value Fund |
Date of Prospectus | ||
Fund | and Statement of Additional Information | |
Transamerica Partners Funds Group | May 1, 2009 | |
Transamerica Partners Core Bond | ||
Transamerica Partners Growth | ||
Transamerica Partners Large Growth | ||
Transamerica Partners Large Value | ||
Transamerica Partners Total Return Bond | ||
Transamerica Partners Value | ||
Transamerica Partners Funds Group II | May 1, 2009 | |
Transamerica Partners Institutional Core Bond | ||
Transamerica Partners Institutional Growth | ||
Transamerica Partners Institutional Large Growth | ||
Transamerica Partners Institutional Large Value | ||
Transamerica Partners Institutional Total Return Bond | ||
Transamerica Partners Institutional Value |
Target Fund(s) | Destination Fund | |
Transamerica Premier Balanced Fund | Transamerica Balanced | |
Transamerica Value Balanced | ||
Transamerica Premier Cash Reserve Fund* | Transamerica Money Market | |
Transamerica Premier Diversified Equity Fund | Transamerica Diversified Equity | |
Transamerica Premier Institutional Diversified Equity Fund | ||
Transamerica Science & Technology | ||
Transamerica Templeton Global | ||
Transamerica Premier Equity Fund | Transamerica Equity | |
Transamerica Premier Institutional Equity Fund | ||
Transamerica Premier Focus Fund | Transamerica Legg Mason Partners All Cap | |
Transamerica Premier Growth Opportunities Fund | Transamerica Growth Opportunities | |
Transamerica Premier High Yield Bond Fund* | Transamerica High Yield Bond | |
Transamerica Convertible Securities | Transamerica Flexible Income | |
Transamerica Partners Value | Transamerica Partners Large Value | |
Transamerica Partners Growth | Transamerica Partners Large Growth | |
Transamerica Partners Total Return Bond | Transamerica Partners Core Bond | |
Transamerica Partners Institutional Value | Transamerica Partners Institutional Large Value | |
Transamerica Partners Institutional Growth | Transamerica Partners Institutional Large Growth | |
Transamerica Partners Total Institutional Return Bond | Transamerica Partners Institutional Core Bond |
* | Requires shareholder approval. |
Target Fund(s) | Destination Fund | |
Transamerica Templeton Global VP | Transamerica Diversified Equity VP | |
Transamerica Science & Technology VP | ||
Transamerica Munder Net 50 VP* | ||
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Transamerica Value Balanced VP | Transamerica Balanced VP | |
Transamerica American Century Large Company Value VP* | Transamerica BlackRock Large Cap Value VP | |
Transamerica T. Rowe Price Equity Income VP* | ||
Transamerica Marsico Growth VP | Transamerica Jennison Growth VP | |
Transamerica T. Rowe Price Growth Stock VP |
* | Requires shareholder approval. |
Fund | ||
Transamerica American Century Large Company Value | ||
Transamerica Evergreen Health Care | ||
Transamerica Evergreen International Small Cap | ||
Transamerica Marsico Growth | ||
Transamerica Marsico International Growth | ||
Transamerica Premier Institutional Bond Fund | ||
Transamerica Premier Institutional Small Cap Value Fund |
Fund | Proposed New Subadviser | |
Transamerica Legg Mason Partners All Cap | Transamerica Investment Management, LLC | |
Transamerica Legg Mason Partners All Cap VP | Transamerica Investment Management, LLC |
0.875% over $250 million up to $500 million
0.85% over $500 million up to $1 billion
0.80% in excess of $1 billion
0.425% over $250 million up to $500 million
0.40% over $500 million up to $1 billion
0.375% in excess of $1 billion*
* | The average daily net assets for the purpose of calculating sub-advisory fees will be determined on a combined basis with the same named fund managed by the sub-adviser for Transamerica Series Trust. |
Registered Investment | Other Pooled Investment | Other Accounts | ||||||||||
Companies | Vehicles | |||||||||||
Assets | Assets | Assets | ||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||
Greg D. Haendel (lead-fixed-income) | 10 | $2.17 billion | 0 | $0 | 12 | $650.9 million | ||||||
John J. Huber (lead-equity) | 3 | $228.2 million | 1 | $54.78 million | 1 | $88.98 million | ||||||
Derek S. Brown (co-fixed-income) | 1 | $791.5 million | 0 | $0 | 15 | $1.56 billion | ||||||
Scott L. Dinsdale (co-equity) | 0 | $0 | 0 | $0 | 0 | $0 | ||||||
Kirk R. Feldhus (co-equity) | 0 | $0 | 1 | $10.92 million | 0 | $0 | ||||||
Brian W. Westhoff (co-equity) | 5 | $301.2 million | 0 | $0 | 1 | $31.34 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.) | ||||||||||||
Greg D. Haendel (lead-fixed-income) | 0 | $0 | 0 | $0 | 0 | $0 | ||||||
John J. Huber (lead-equity) | 0 | $0 | 0 | $0 | 0 | $0 | ||||||
Derek S. Brown (co-fixed-income) | 0 | $0 | 0 | $0 | 0 | $0 | ||||||
Scott L. Dinsdale (co-equity) | 0 | $0 | 0 | $0 | 0 | $0 | ||||||
Kirk R. Feldhus (co-equity) | 0 | $0 | 0 | $0 | 0 | $0 | ||||||
Brian W. Westhoff (co-equity) | 0 | $0 | 0 | $0 | 0 | $0 |
TRANSAMERICA ALLIANCEBERNSTEIN INTERNATIONAL VALUE | TRANSAMERICA MARSICO GROWTH | |
TRANSAMERICA AMERICAN CENTURY LARGE COMPANY VALUE | TRANSAMERICA MARSICO INTERNATIONAL GROWTH | |
TRANSAMERICA ASSET ALLOCATION — CONSERVATIVE PORTFOLIO | TRANSAMERICA MFS INTERNATIONAL EQUITY | |
TRANSAMERICA ASSET ALLOCATION — GROWTH PORTFOLIO | TRANSAMERICA MONEY MARKET | |
TRANSAMERICA ASSET ALLOCATION — MODERATE PORTFOLIO | TRANSAMERICA MULTI-MANAGER ALTERNATIVE STRATEGIES PORTFOLIO | |
TRANSAMERICA ASSET ALLOCATION — MODERATE GROWTH PORTFOLIO | TRANSAMERICA MULTI-MANAGER INTERNATIONAL PORTFOLIO | |
TRANSAMERICA BALANCED | TRANSAMERICA NEUBERGER BERMAN INTERNATIONAL | |
TRANSAMERICA BLACKROCK GLOBAL ALLOCATION | TRANSAMERICA OPPENHEIMER DEVELOPING MARKETS | |
TRANSAMERICA BLACKROCK LARGE CAP VALUE | TRANSAMERICA OPPENHEIMER SMALL- & MID-CAP VALUE | |
TRANSAMERICA BLACKROCK NATURAL RESOURCES | TRANSAMERICA PIMCO REAL RETURN TIPS | |
TRANSAMERICA BNY MELLON MARKET NEUTRAL STRATEGY | TRANSAMERICA PIMCO TOTAL RETURN | |
TRANSAMERICA CLARION GLOBAL REAL ESTATE SECURITIES | TRANSAMERICA SCHRODERS INTERNATIONAL SMALL CAP | |
TRANSAMERICA CONVERTIBLE SECURITIES | TRANSAMERICA SCIENCE & TECHNOLOGY | |
TRANSAMERICA EQUITY | TRANSAMERICA SHORT-TERM BOND | |
TRANSAMERICA EVERGREEN HEALTH CARE | TRANSAMERICA SMALL/MID CAP VALUE | |
TRANSAMERICA EVERGREEN INTERNATIONAL SMALL CAP | TRANSAMERICA TEMPLETON GLOBAL | |
TRANSAMERICA FEDERATED MARKET OPPORTUNITY | TRANSAMERICA THIRD AVENUE VALUE | |
TRANSAMERICA FLEXIBLE INCOME | TRANSAMERICA THORNBURG INTERNATIONAL VALUE | |
TRANSAMERICA GROWTH OPPORTUNITIES | TRANSAMERICA UBS DYNAMIC ALPHA | |
TRANSAMERICA HIGH YIELD BOND | TRANSAMERICA UBS LARGE CAP VALUE | |
TRANSAMERICA JENNISON GROWTH | TRANSAMERICA VALUE BALANCED | |
TRANSAMERICA JPMORGAN CORE BOND | TRANSAMERICA VAN KAMPEN EMERGING MARKETS DEBT | |
TRANSAMERICA JPMORGAN INTERNATIONAL BOND | TRANSAMERICA VAN KAMPEN MID-CAP GROWTH | |
TRANSAMERICA JPMORGAN MID CAP VALUE | TRANSAMERICA VAN KAMPEN SMALL COMPANY GROWTH | |
TRANSAMERICA LEGG MASON PARTNERS ALL CAP | TRANSAMERICA WMC EMERGING MARKETS | |
TRANSAMERICA LOOMIS SAYLES BOND |
570 Carillon Parkway
St. Petersburg, Florida 33716
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Fund Name | Percentage of Average Daily Net Assets | |
Transamerica AllianceBernstein International Value | 0.88% of the first $200 million | |
0.81% over $200 million up to $500 million | ||
0.77% in excess of $500 million | ||
Transamerica American Century Large Company Value | 0.835% of the first $250 million | |
0.80% over $250 million up to $400 million | ||
0.775% over $400 million up to $750 million | ||
0.70% in excess of $750 million | ||
Transamerica Asset Allocation — Conservative Portfolio | 0.10% | |
Transamerica Asset Allocation — Growth Portfolio | 0.10% | |
Transamerica Asset Allocation — Moderate Growth Portfolio | 0.10% | |
Transamerica Asset Allocation — Moderate Portfolio | 0.10% | |
Transamerica Balanced | 0.80% of the first $250 million | |
0.75% over $250 million up to $500 million | ||
0.70% over $500 million up to $1.5 billion | ||
0.625% in excess of $1.5 billion | ||
Transamerica BlackRock Global Allocation | 0.80% of the first $100 million | |
0.72% in excess of $100 million | ||
Transamerica BlackRock Large Cap Value | 0.80% of the first $250 million | |
0.775% over $250 million up to $750 million | ||
0.75% in excess of $750 million | ||
Transamerica BlackRock Natural Resources | 0.80% of the first $250 million | |
0.775% over $250 million up to $500 million | ||
0.75% in excess of $500 million | ||
Transamerica BNY Mellon Market Neutral Strategy | 1.40% |
32
Fund Name | Percentage of Average Daily Net Assets | |
Transamerica Clarion Global Real Estate Securities | 0.80% of the first $250 million | |
0.775% over $250 million up to $500 million | ||
0.70% over $500 million up to $1 billion | ||
0.65% in excess of $1 billion | ||
Transamerica Convertible Securities | 0.75% of the first $250 million | |
0.70% in excess of $250 million | ||
Transamerica Equity | 0.75% of the first $500 million | |
0.70% over $500 million up to $2.5 billion | ||
0.65% in excess of $2.5 billion | ||
Transamerica Evergreen Health Care | 0.87% of the first $100 million | |
0.85% over $100 million up to $250 million | ||
0.80% in excess of $250 million | ||
Transamerica Evergreen International Small Cap | 1.07% of the first $250 million | |
1.00% in excess of $250 million | ||
Transamerica Federated Market Opportunity | 0.85% of the first $30 million | |
0.80% over $30 million up to $50 million | ||
0.70% over $50 million up to $500 million | ||
0.675% over $500 million up to $750 million | ||
0.65% in excess of $750 million | ||
Transamerica Flexible Income | 0.725% of the first $250 million | |
0.675% over $250 million up to $350 million | ||
0.625% in excess of $350 million | ||
Transamerica Growth Opportunities | 0.80% of the first $250 million | |
0.75% over $250 million up to $500 million | ||
0.70% in excess of $500 million | ||
Transamerica High Yield Bond | 0.59% of the first $400 million | |
0.575% over $400 million up to $750 million | ||
0.55% in excess of $750 million | ||
Transamerica Jennison Growth | 0.80% of the first $250 million | |
0.775% over $250 million up to $500 million | ||
0.70% over $500 million up to $1 billion | ||
0.675% over $1 billion up to $1.5 billion | ||
0.65% in excess of $1.5 billion | ||
Transamerica JPMorgan Core Bond | 0.45% of the first $750 million | |
0.40% over $750 million up to $1 billion | ||
0.375% in excess of $1 billion | ||
Transamerica JPMorgan International Bond | 0.55% of the first $100 million | |
0.52% over $100 million up to $250 million | ||
0.51% over $250 million up to $500 million | ||
0.50% over $500 million up to $1 billion | ||
0.47% in excess of $1 billion | ||
Transamerica JPMorgan Mid Cap Value | 0.85% of the first $100 million | |
0.80% in excess of $100 million | ||
Transamerica Legg Mason Partners All Cap | 0.80% of the first $500 million | |
0.675% in excess of $500 million | ||
Transamerica Loomis Sayles Bond | 0.675% of the first $200 million | |
0.625% over $200 million up to $750 million | ||
0.60% in excess of $750 million | ||
Transamerica Marsico Growth | 0.80% of the first $500 million | |
0.70% in excess of $500 million |
33
Fund Name | Percentage of Average Daily Net Assets | |
Transamerica Marsico International Growth | 1.05% of the first $300 million | |
1.01% over $300 million up to $400 million | ||
0.96% over $400 million up to $1 billion | ||
0.91% in excess of $1 billion | ||
Transamerica MFS International Equity | 0.925% of the first $250 million | |
0.90% over $250 million up to $500 million | ||
0.85% over $500 million up to $1 billion | ||
0.80% in excess of $1 billion | ||
Transamerica Money Market | 0.40% | |
Transamerica Multi-Manager Alternative | 0.20% of the first $500 million | |
Strategies Portfolio | 0.19% over $500 million up to $1 billion | |
0.18% in excess of $1 billion | ||
Transamerica Multi-Manager International Portfolio | 0.10% | |
Transamerica Neuberger Berman International | 1.00% of the first $100 million | |
0.95% in excess of $100 million | ||
Transamerica Oppenheimer Developing Markets | 1.20% of the first $50 million | |
1.15% over $50 million up to $200 million | ||
1.10% over $200 million up to $500 million | ||
1.05% in excess of $500 million | ||
Transamerica Oppenheimer Small- & Mid-Cap Value | 0.95% of the first $100 million | |
0.90% over $100 million up to $250 million | ||
0.85% over $250 million up to $500 million | ||
0.825% in excess of $500 million | ||
Transamerica PIMCO Real Return TIPS | 0.70% of the first $250 million | |
0.65% over $250 million up to $750 million | ||
0.60% over $750 million up to $1 billion | ||
0.55% in excess of $1 billion | ||
Transamerica PIMCO Total Return | 0.675% of the first $250 million | |
0.65% over $250 million up to $750 million | ||
0.60% in excess of $750 million | ||
Transamerica Schroders International Small Cap | 1.07% of the first $300 million | |
1.00% in excess of $300 million | ||
Transamerica Science & Technology | 0.78% of the first $500 million | |
0.70% in excess of $500 million | ||
Transamerica Short-Term Bond | 0.65% of the first $250 million | |
0.60% over $250 million up to $500 million | ||
0.575% over $500 million up to $1 billion | ||
0.55% in excess of $1 billion | ||
Transamerica Small/Mid Cap Value | 0.80% of the first $500 million | |
0.75% in excess of $500 million | ||
Transamerica Templeton Global | 0.80% of the first $500 million | |
0.70% in excess of $500 million | ||
Transamerica Third Avenue Value | 0.80% | |
Transamerica Thornburg International Value | 1.10% of the first $100 million | |
1.00% over $100 million up to $300 million | ||
0.95% in excess of $300 million | ||
Transamerica UBS Dynamic Alpha | 1.40% of the first $150 million | |
1.30% over $150 million up to $300 million | ||
1.20% in excess of $300 million |
34
Fund Name | Percentage of Average Daily Net Assets | |
Transamerica UBS Large Cap Value | 0.82% of the first $200 million | |
0.76% over $200 million up to $400 million | ||
0.74% over $400 million up to $750 million | ||
0.71% over $750 million up to $1 billion | ||
0.67% over $1 billion up to $1.5 billion | ||
0.62% in excess of $1.5 billion | ||
Transamerica Value Balanced | 0.75% of the first $500 million | |
0.65% over $500 million up to $1 billion | ||
0.60% in excess of $1 billion | ||
Transamerica Van Kampen Emerging Markets Debt | 0.95% of the first $250 million | |
0.85% over $250 million up to $500 million | ||
0.80% in excess of $500 million | ||
Transamerica Van Kampen Mid-Cap Growth | 0.80% of the first $1 billion | |
0.775% in excess of $1 billion | ||
Transamerica Van Kampen Small Company Growth | 0.95% of the first $500 million | |
0.85% in excess of $500 million | ||
Transamerica WMC Emerging Markets | 1.15% of the first $300 million | |
1.10% in excess of $300 million |
35
Transamerica AllianceBernstein Interational Value* | Transamerica Marsico International Growth | |
Transamerica Asset Allocation — Conservative Portfolio | Transamerica Money Market | |
Transamerica Asset Allocation — Growth Portfolio | Transamerica Multi-Manager Alternative Strategies Portfolio | |
Transamerica Asset Allocation — Moderate Growth Portfolio | Transamerica Multi-Manager International Portfolio * | |
Transamerica Asset Allocation — Moderate Portfolio | Transamerica Neuberger Berman International* | |
Transamerica Balanced | Transamerica Oppenheimer Developing Markets* | |
Transamerica BlackRock Global Allocation* | Transamerica Oppenheimer Small- & Mid-Cap Value | |
Transamerica BlackRock Large Cap Value | Transamerica Schroders International Small Cap | |
Transamerica BlackRock Natural Resources | Transamerica Science & Technology | |
Transamerica BNY Mellon Market Neutral Strategy | Transamerica Short-Term Bond | |
Transamerica Convertible Securities | Transamerica Small/Mid Cap Value | |
Transamerica Equity* | Transamerica Templeton Global | |
Transamerica Evergreen International Small Cap | Transamerica Third Avenue Value | |
Transamerica Federated Market Opportunity* | Transamerica UBS Dynamic Alpha | |
Transamerica Flexible Income | Transamerica Thornburg International Value | |
Transamerica Growth Opportunities* | Transamerica UBS Large Cap Value | |
Transamerica High Yield Bond* | Transamerica Value Balanced* | |
Transamerica JPMorgan Core Bond | Transamerica Van Kampen Emerging Markets Debt | |
Transamerica JPMorgan International Bond* | Transamerica Van Kampen Mid-Cap Growth* | |
Transamerica JPMorgan Mid Cap Value | Transamerica Van Kampen Small Company Growth | |
Transamerica Legg Mason Partners All Cap* | Transamerica WMC Emerging Markets | |
Transamerica Loomis Sayles Bond |
* | The fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008. |
Fund Name | Expense Cap | |||
Transamerica AllianceBernstein International Value | 1.13 | % | ||
Transamerica American Century Large Company | N/A | |||
Transamerica Asset Allocation — Conservative Portfolio | 0.45 | % | ||
Transamerica Asset Allocation — Growth Portfolio | 0.45 | % | ||
Transamerica Asset Allocation — Moderate Growth Portfolio | 0.45 | % | ||
Transamerica Asset Allocation — Moderate Portfolio | 0.45 | % | ||
Transamerica Balanced | 1.45 | % | ||
Transamerica BlackRock Global Allocation | 1.00 | % | ||
Transamerica BlackRock Large Cap Value | 1.00 | % | ||
Transamerica BlackRock Natural Resources | 1.00 | % | ||
Transamerica BNY Mellon Market Neutral Strategy | 1.65 | % | ||
Transamerica Clarion Global Real Estate Securities | N/A | |||
Transamerica Convertible Securities | 1.35 | % | ||
Transamerica Equity | 1.17 | % | ||
Transamerica Evergreen Health Care | N/A | |||
Transamerica Evergreen International Small Cap | 1.32 | % | ||
Transamerica Federated Market Opportunity | 1.05 | % | ||
Transamerica Flexible Income | 1.50 | % | ||
Transamerica Growth Opportunities | 1.40 | % | ||
Transamerica High Yield Bond | 1.24 | % | ||
Transamerica Jennison Growth | N/A | |||
Transamerica JPMorgan Core Bond | 0.70 | % | ||
Transamerica JPMorgan International Bond | 0.75 | % | ||
Transamerica JPMorgan Mid Cap Value | 1.05 | % | ||
Transamerica Legg Mason Partners All Cap | 1.20 | % | ||
Transamerica Loomis Sayles Bond | 0.88 | % | ||
Transamerica Marsico Growth | N/A | |||
Transamerica Marsico International Growth | 1.31 | % | ||
Transamerica MFS International Equity | N/A | |||
Transamerica Money Market | 0.48 | % | ||
Transamerica Multi-Manager Alternative Strategies Portfolio | 0.55 | % | ||
Transamerica Multi-Manager International Portfolio | 0.45 | % | ||
Transamerica Neuberger Berman International | 1.25 | % | ||
Transamerica Oppenheimer Developing Markets | 1.45 | % |
36
Fund Name | Expense Cap | |||
Transamerica Oppenheimer Small- & Mid-Cap Value | 1.15 | % | ||
Transamerica PIMCO Real Return TIPS | N/A | |||
Transamerica PIMCO Total Return | N/A | |||
Transamerica Schroders International Small Cap | 1.27 | % | ||
Transamerica Science & Technology | 1.18 | % | ||
Transamerica Short-Term Bond | 0.85 | % | ||
Transamerica Small/Mid Cap Value | 1.40 | % | ||
Transamerica Templeton Global | 1.20 | % | ||
Transamerica Third Avenue Value | 1.00 | % | ||
Transamerica Thornburg International Value | 1.35 | % | ||
Transamerica UBS Dynamic Alpha | 1.65 | % | ||
Transamerica UBS Large Cap Value | 1.02 | % | ||
Transamerica Value Balanced | 1.20 | % | ||
Transamerica Van Kampen Emerging Markets Debt | 1.15 | % | ||
Transamerica Van Kampen Mid-Cap Growth | 1.00 | % | ||
Transamerica Van Kampen Small Company Growth | 1.15 | % | ||
Transamerica WMC Emerging Markets | 1.40 | % |
Advisory Fee After Expense | ||||||||||||||||||||||||
Reimbursement | Expense Reimbursements | |||||||||||||||||||||||
October 31 | October 31 | |||||||||||||||||||||||
Fund Name | 2008 | 2007 | 2006 | 2008 | 2007 | 2006 | ||||||||||||||||||
Transamerica AllianceBernstein International Value | $ | 3,857,282 | $ | 3,610,558 | $ | 1,860,378 | — | — | — | |||||||||||||||
Transamerica American Century Large Company Value | $ | 4,873,503 | $ | 4,873,134 | $ | 2,482,321 | — | — | — | |||||||||||||||
Transamerica Asset Allocation — Conservative Portfolio | $ | 781,360 | $ | 601,349 | $ | 482,959 | — | — | — | |||||||||||||||
Transamerica Asset Allocation — Growth Portfolio | $ | 2,097,266 | $ | 2,025,855 | $ | 1,354,904 | — | — | — | |||||||||||||||
Transamerica Asset Allocation — Moderate Growth Portfolio | $ | 3,704,481 | $ | 3,494,375 | $ | 2,486,267 | — | — | — | |||||||||||||||
Transamerica Asset Allocation — Moderate Portfolio | $ | 2,089,670 | $ | 1,928,772 | $ | 1,508,521 | — | — | — | |||||||||||||||
Transamerica Balanced | $ | 1,209,771 | $ | 1,561,291 | $ | 1,848,936 | — | — | — | |||||||||||||||
Transamerica Bjurman, Barry Micro Emerging Growth(1) | $ | 874,256 | $ | 725,126 | $ | 80,204 | — | — | $ | 10,974 | ||||||||||||||
Transamerica BlackRock Global Allocation | $ | 3,634,197 | $ | 3,458,499 | $ | 2,233,747 | — | — | — | |||||||||||||||
Transamerica BlackRock Large Cap Value | $ | 4,449,598 | $ | 4,455,741 | $ | 3,544,934 | — | — | — | |||||||||||||||
Transamerica BlackRock Natural Resources(2) | $ | 1,199,467 | $ | 748,557 | N/A | — | — | N/A | ||||||||||||||||
Transamerica BNY Mellon Market Neutral Strategy(2) | $ | 1,711,511 | $ | 1,200,949 | N/A | — | — | N/A | ||||||||||||||||
Transamerica Clarion Global Real Estate Securities | $ | 2,617,707 | $ | 2,750,825 | $ | 2,003,031 | — | — | — | |||||||||||||||
Transamerica Convertible Securities | $ | 1,171,747 | $ | 1,504,329 | $ | 1,750,906 | — | — | — | |||||||||||||||
Transamerica Equity | $ | 11,025,065 | $ | 12,204,843 | $ | 4,724,483 | $ | 54,126 | $ | 75,203 | $ | 92,595 | ||||||||||||
Transamerica Evergreen Health Care | $ | 2,488,706 | $ | 3,322,915 | $ | 4,101,091 | — | — | — | |||||||||||||||
Transamerica Evergreen International Small Cap | $ | 5,292,617 | $ | 5,554,835 | $ | 4,299,261 | — | — | — | |||||||||||||||
Transamerica Federated Market Opportunity | $ | 562,713 | $ | 435,469 | $ | 548,051 | — | — | — | |||||||||||||||
Transamerica Flexible Income | $ | 2,534,660 | $ | 2,684,404 | $ | 2,132,478 | — | — | — |
37
Advisory Fee After Expense | ||||||||||||||||||||||||
Reimbursement | Expense Reimbursements | |||||||||||||||||||||||
October 31 | October 31 | |||||||||||||||||||||||
Fund Name | 2008 | 2007 | 2006 | 2008 | 2007 | 2006 | ||||||||||||||||||
Transamerica Growth Opportunities | $ | 2,076,760 | $ | 2,500,877 | $ | 2,893,470 | $ | 57,831 | $ | 40,709 | $ | 43,099 | ||||||||||||
Transamerica High Yield Bond | $ | 2,651,881 | $ | 2,298,026 | $ | 2,323,067 | — | — | — | |||||||||||||||
Transamerica Jennison Growth | $ | 1,667,161 | $ | 1,229,857 | $ | 1,067,199 | — | — | — | |||||||||||||||
Transamerica JPMorgan Core Bond(3) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica JPMorgan International Bond | $ | 4,122,933 | $ | 3,644,107 | $ | 1,973,829 | — | — | — | |||||||||||||||
Transamerica JPMorgan Mid Cap Value | $ | 1,888,901 | $ | 2,159,897 | $ | 1,872,874 | — | — | — | |||||||||||||||
Transamerica Legg Mason Partners All Cap | $ | 981,445 | $ | 1,553,398 | $ | 1,830,092 | $ | 40,984 | $ | 6,543 | $ | 26,298 | ||||||||||||
Transamerica Legg Mason Partners Investors Value(4) | $ | 543,876 | $ | 697,211 | $ | 837,331 | — | $ | 2,873 | $ | 3,792 | |||||||||||||
Transamerica Loomis Sayles Bond(2) | $ | 4,102,549 | $ | 1,336,154 | N/A | — | — | N/A | ||||||||||||||||
Transamerica Marsico Growth | $ | 3,308,288 | $ | 2,246,319 | $ | 1,096,780 | — | — | — | |||||||||||||||
Transamerica Marsico International Growth | $ | 5,711,807 | $ | 4,817,605 | $ | 4,098,323 | — | — | — | |||||||||||||||
Transamerica MFS International Equity | $ | 270,572 | $ | 232,693 | $ | 229,986 | — | $ | 57,865 | $ | 189,621 | |||||||||||||
Transamerica Money Market | $ | 411,077 | $ | 217,323 | $ | 100,623 | $ | 410,827 | $ | 472,471 | $ | 456,606 | ||||||||||||
Transamerica Multi-Manager Alternative Strategies Portfolio(5) | $ | 328,975 | $ | (67,601 | ) | N/A | — | $ | 129,061 | N/A | ||||||||||||||
Transamerica Multi-Manager International Portfolio | $ | 425,974 | $ | 284,952 | $ | 4,007 | — | — | $ | 47,233 | ||||||||||||||
Transamerica Neuberger Berman International | $ | 5,176,051 | $ | 4,833,389 | $ | 3,649,818 | — | — | — | |||||||||||||||
Transamerica Oppenheimer Developing Markets | $ | 6,564,617 | $ | 5,450,708 | $ | 2,594,112 | — | — | $ | 582,735 | ||||||||||||||
Transamerica Oppenheimer Small- & Mid-Cap Value | $ | 1,655,664 | $ | 1,272,746 | $ | 162,070 | — | — | $ | 12,804 | ||||||||||||||
Transamerica PIMCO Real Return TIPS | $ | 4,962,219 | $ | 4,335,274 | $ | 3,823,329 | — | — | — | |||||||||||||||
Transamerica PIMCO Total Return | $ | 3,876,872 | $ | 3,143,961 | $ | 1,542,641 | — | — | — | |||||||||||||||
Transamerica Schroders International Small Cap(6) | $ | 897,566 | N/A | N/A | $ | 26,424 | N/A | N/A | ||||||||||||||||
Transamerica Science & Technology | $ | 593,397 | $ | 565,479 | $ | 530,103 | $ | 25,751 | $ | 31,394 | $ | 35,131 | ||||||||||||
Transamerica Short-Term Bond | $ | 3,521,430 | $ | 3,125,766 | $ | 1,915,238 | — | — | — | |||||||||||||||
Transamerica Small/Mid Cap Value | $ | 5,769,030 | $ | 4,623,632 | $ | 4,314,492 | — | — | — | |||||||||||||||
Transamerica Templeton Global | $ | 1,278,496 | $ | 1,790,846 | $ | 2,090,130 | $ | 161,960 | $ | 260,229 | $ | 334,265 | ||||||||||||
Transamerica Third Avenue Value(5) | $ | 4,345,379 | $ | 2,647,137 | N/A | — | — | N/A | ||||||||||||||||
Transamerica Thornburg International Value(7) | $ | 74,205 | N/A | N/A | $ | 44,927 | N/A | N/A | ||||||||||||||||
Transamerica UBS Dynamic Alpha(2) | $ | 2,849,670 | $ | 2,192,255 | N/A | — | — | N/A | ||||||||||||||||
Transamerica UBS Large Cap Value | $ | 6,146,075 | $ | 5,135,922 | $ | 1,602,395 | — | — | — | |||||||||||||||
Transamerica Value Balanced | $ | 344,768 | $ | 447,693 | $ | 452,363 | $ | 14,205 | $ | 24,050 | $ | 43,756 |
38
Advisory Fee After Expense | ||||||||||||||||||||||||
Reimbursement | Expense Reimbursements | |||||||||||||||||||||||
October 31 | October 31 | |||||||||||||||||||||||
Fund Name | 2008 | 2007 | 2006 | 2008 | 2007 | 2006 | ||||||||||||||||||
Transamerica Van Kampen Emerging Markets Debt | $ | 3,209,724 | $ | 3,077,001 | $ | 3,356,477 | — | — | — | |||||||||||||||
Transamerica Van Kampen Mid-Cap Growth | $ | 1,022,708 | $ | 696,926 | $ | 369,607 | — | — | — | |||||||||||||||
Transamerica Van Kampen Small Company Growth | $ | 1,287,001 | $ | 1,914,635 | $ | 2,566,908 | — | — | — | |||||||||||||||
Transamerica WMC Emerging Markets(7) | $ | 18,941 | N/A | N/A | $ | 55,328 | N/A | N/A |
(1) | Transamerica Bjurman, Barry Micro Emerging Growth was liquidated and dissolved on April 24, 2009. | |
(2) | Transamerica BlackRock Natural Resources, Transamerica Loomis Sayles Bond, Transamerica BNY Mellon Market Neutral Strategy and Transamerica UBS Dynamic Alpha commenced operations on January 3, 2007, and as such, there is no historical fee information for fiscal year ended October 31, 2006. | |
(3) | Transamerica JPMorgan Core Bond had not commenced operations prior to the date of this SAI, and as such, there is no historical fee information for the fiscal years ended October 31, 2006, October 31, 2007 and October 31, 2008. | |
(4) | Transamerica Legg Mason Partners Investors Value was liquidated and dissolved on April 3, 2009. | |
(5) | Transamerica Multi-Manager Alternative Strategies Portfolio and Transamerica Third Avenue Value commenced operations on December 28, 2006 and May 1, 2007, respectively, and as such, there is no historical fee information for the fiscal year ended October 31, 2006. | |
(6) | Transamerica Schroders International Small Cap commenced operations on March 1, 2008, and as such, there is no historical fee information for fiscal years ended October 31, 2007 and October 31, 2006. | |
(7) | Transamerica Thornburg International Value and Transamerica WMC Emerging Markets commenced operations on September 15, 2008 and September 30, 2008, respectively, and as such, there is no historical fee information for fiscal years ended October 31, 2007 and October 31, 2006. |
39
40
Fund Name | Sub-Adviser | Sub-Advisory Fee | ||
Transamerica AllianceBernstein International Value | Alliance | 0.45% of the first $200 million | ||
0.36% over $200 million up to $500 million | ||||
0.32% in excess of $500 million | ||||
Transamerica American Century Large Company Value* | American Century | 0.40% of the first $250 million | ||
0.375% over $250 million up to $500 million | ||||
0.35% over $500 million up to $750 million | ||||
0.30% in excess of $750 million | ||||
Transamerica Balanced | TIM | 0.35% of the first $250 million | ||
0.325% over $250 million up to $500 million | ||||
0.30% over $500 million up to $1.5 billion | ||||
0.25% in excess of $1.5 billion, less 50% of any amount reimbursed pursuant to the fund’s expense limitation | ||||
Transamerica BlackRock Global Allocation | BlackRock | 0.44% of the first $100 million | ||
0.32% in excess of $100 million | ||||
Transamerica BlackRock Large Cap Value* | BlackRock | 0.35% of the first $250 million | ||
0.325% over $250 million up to $750 million | ||||
0.30% in excess of $750 million | ||||
Transamerica BlackRock Natural Resources | BlackRock | 0.40% of the first $250 million | ||
0.375% over $250 million up to $500 million | ||||
0.35% over $500 million. | ||||
Transamerica BNY Mellon Market Neutral Strategy | BNY Mellon | 0.90% | ||
Transamerica Clarion Global Real Estate Securities | Clarion | 0.40% of the first $250 million | ||
0.375% over $250 million up to $500 million | ||||
0.35% over $500 million up to $1 billion | ||||
0.30% in excess of $1 billion | ||||
Transamerica Convertible Securities | TIM | 0.35%, less 50% of any amount reimbursed pursuant to the fund’s expense limitation | ||
Transamerica Equity* | TIM | 0.35% of the first $500 million | ||
0.30% over $500 million up to $2.5 billion | ||||
0.25% in excess of $2.5 billion, less 50% of any amount reimbursed pursuant to the fund’s expense limitation | ||||
Transamerica Evergreen Health Care | Evergreen | 0.42% of the first $100 million | ||
0.40% over $100 million up to $250 million | ||||
0.35% in excess of $250 million | ||||
Transamerica Evergreen International Small Cap | Evergreen | 0.52% of the first $250 million | ||
0.50% in excess of $250 million | ||||
Transamerica Federated Market Opportunity | Federated | 0.50% of the first $30 million 0.35% over $30 million up to $50 million | ||
0.25% over $50 million up to $500 million | ||||
0.225% over $500 million up to $750 million | ||||
0.20% in excess of $750 million | ||||
Transamerica Flexible Income | TIM | 0.30% of the first $250 million | ||
0.25% over $250 million up to $350 million | ||||
0.20% in excess of $350 million, less 50% of any amount reimbursed pursuant to the fund’s expense limitation | ||||
* | The average daily net assets for the purpose of calculating sub-advisory fees will be determined on a combined basis with the same named fund managed by the sub-adviser for Transamerica Series Trust. |
41
Fund Name | Sub-Adviser | Sub-Advisory Fee | ||
Transamerica Growth Opportunities | TIM | 0.40% of the first $100 million | ||
0.35% in excess of $100 million, less 50% of any amount reimbursed pursuant to the fund’s expense limitation | ||||
Transamerica High Yield Bond | AUIM | 0.28% of the first $400 million | ||
0.25% over $400 million up to $750 million | ||||
0.20% in excess of $750 million | ||||
Transamerica Jennison Growth* | Jennison | 0.40% of the first $250 million | ||
0.35% over $250 million up to $500 million | ||||
0.30% over $500 million up to $1 billion | ||||
0.25% over $1 billion up to $1.5 billion | ||||
0.20% in excess of $1.5 billion | ||||
Transamerica JPMorgan Core Bond | JPM | 0.20% of the first $750 million | ||
0.175% over $750 million up to $1 billion | ||||
0.15% in excess of $1 billion | ||||
Transamerica JPMorgan International Bond | JPMorgan | 0.20% of the first $100 million | ||
0.17% over $100 million up to $250 million | ||||
0.16% over $250 million up to $500 million | ||||
0.15% over $500 million $1 billion | ||||
0.12% in excess of $1 billion | ||||
Transamerica JPMorgan Mid Cap Value | JPMorgan | 0.40% | ||
Transamerica Legg Mason Partners All Cap* | ClearBridge | 0.425% of the first $100 million | ||
0.40% over $100 million up to $500 million | ||||
0.35% in excess of $500 million | ||||
Transamerica Loomis Sayles Bond | Loomis | 0.325% of the first $200 million | ||
0.30% in excess of $200 million | ||||
Transamerica Marsico Growth | Columbia | 0.40% of the first $250 million | ||
0.375% over $250 million up to $500 million | ||||
0.35% over $500 million up to $1 billion | ||||
0.30% in excess of $1 billion | ||||
Transamerica Marsico International Growth | Columbia | 0.45% of the first $400 million | ||
0.40% over $400 million up to $1 billion | ||||
0.35% in excess of $1 billion | ||||
Transamerica MFS International Equity | MFS | 0.475% of the first $500 million | ||
0.45% over $500 million up to $1 billion | ||||
0.40% in excess of $1 billion | ||||
Transamerica Money Market | TIM | 0.15% | ||
Transamerica Neuberger Berman International | Neuberger Berman | 0.50% of the first $100 million | ||
0.45% in excess of $100 million | ||||
Transamerica Oppenheimer Developing Markets | Oppenheimer | 0.70% of the first $50 million | ||
0.65% over $50 million up to $200 million | ||||
0.60% over $200 million up to $500 million | ||||
0.55% in excess of $500 million | ||||
Transamerica Oppenheimer Small- & | Oppenheimer | 0.40% of the first $250 million | ||
Mid-Cap Value | 0.375% over $250 up to $500 million | |||
0.35% in excess of $500 million |
* | The average daily net assets for the purpose of calculating sub-advisory fees will be determined on a combined basis with the same named fund managed by the sub-adviser for Transamerica Series Trust. |
42
Fund Name | Sub-Adviser | Sub-Advisory Fee | ||
Transamerica PIMCO Real Return TIPS | PIMCO | 0.25% of the first $1 billion | ||
0.20% in excess of $1 billion | ||||
Transamerica PIMCO Total Return** | PIMCO | 0.25% of the first $1 billion | ||
0.225% in excess of $1 billion, only when PIMCO sub-advised assets exceed $3 billion on an aggregate basis | ||||
Transamerica Schroders International Small Cap | Schroders | 0.60% of the first $300 million 0.55% in excess of $300 million | ||
Transamerica Science & Technology | TIM | 0.35% of the first $250 million | ||
0.30% over $250 million up to $500 million | ||||
0.25% in excess of $500 million | ||||
Transamerica Short-Term Bond | TIM | 0.25% of the first $250 million | ||
0.20% over $250 million up to $500 million | ||||
0.175% over $500 up to $1 billion | ||||
0.15% in excess of $1 billion | ||||
Transamerica Small/Mid Cap Value | TIM | 0.375% of the first $500 million | ||
0.325% in excess of $500 million, less 50% | ||||
of any amount reimbursed pursuant to the fund’s expense limitation | ||||
Transamerica Templeton Global | TIM/ | 0.35% of the first $500 million | ||
Templeton | 0.30% in excess of $500 million | |||
Templeton receives a portion of the sub-advisory fee based on the amount of assets that it manages as follows: | ||||
0.40% of the fee for the first $500 million | ||||
0.375% of the fee for assets over $500 million up to $1.5 billion | ||||
0.35% of the fee for assets over $1.5 billion | ||||
TIM receives the sub-advisory fee stated above, less any amount paid to Templeton for its sub-advisory services. | ||||
Transamerica Third Avenue Value | Third Avenue | 0.40% | ||
Transamerica Thornburg International Value*** | Thornburg | 0.425% of the first $500 million 0.40% in excess of $500 million | ||
Transamerica UBS Dynamic Alpha | UBS | 0.85% of the first $150 million | ||
0.75% over $150 million up to $300 million | ||||
0.65% in excess of $300 million | ||||
Transamerica UBS Large Cap Value | UBS | 0.32% of the first $400 million | ||
0.30% over $400 million up to $750 million | ||||
0.27% over $750 up to $1 billion | ||||
0.25% over $1 billion up to $1.5 billion | ||||
0.20% in excess of $1.5 billion | ||||
Transamerica Value Balanced | TIM | 0.35% of the first $500 million | ||
0.325% over $500 million up to $1 billion | ||||
0.30% in excess of $1 billion, less 50% of any amount reimbursed pursuant to the fund’s expense limitation | ||||
Transamerica Van Kampen Emerging Markets Debt | Van Kampen | 0.45% of the first $250 million 0.35% in excess of $250 million | ||
Transamerica Van Kampen Mid-Cap Growth | Van Kampen | 0.40% of the first $1 billion | ||
0.375% in excess of $1 billion | ||||
** | For the purpose of determining the $3 billion aggregate assets, the average daily net assets will be determined on a combined basis with Transamerica PIMCO Total Return, Transamerica PIMCO Total Return VP and Transamerica PIMCO Real Return TIPS. If aggregate assets exceed $3 billion, then the calculation of sub-advisory fees will be based on the combined average daily net assets of Transamerica PIMCO Total Return and Transamerica PIMCO Total Return VP. | |
*** | The average daily net assets for the purpose of calculating sub-advisory fees will be determined on a combined basis with Transamerica Partners International Equity Portfolio, also sub-advised by Thornburg. | |
43
Fund Name | Sub-Adviser | Sub-Advisory Fee | ||
Transamerica Van Kampen Small Company Growth | Van Kampen | 0.45% of the first $500 million 0.40% in excess of $500 million | ||
Transamerica WMC Emerging Markets | Wellington | 0.70% | ||
Management | ||||
Fund Name | 2008 | 2007 | 2006 | |||||||||
Transamerica AllianceBernstein International Value | $ | 1,831,558 | $ | 1,722,413 | $ | 920,216 | ||||||
Transamerica American Century Large Company Value | $ | 2,155,115 | $ | 2,211,285 | $ | 1,247,192 | ||||||
Transamerica Balanced | $ | 529,275 | $ | 683,065 | $ | 806,876 | ||||||
Transamerica Bjurman, Barry Micro Emerging Growth(1) | $ | 457,944 | $ | 379,828 | $ | 46,926 | ||||||
Transamerica BlackRock Global Allocation | $ | 1,699,643 | $ | 1,621,555 | $ | 1,063,820 | ||||||
Transamerica BlackRock Large Cap Value | $ | 1,798,090 | $ | 1,793,062 | $ | 1,518,192 | ||||||
Transamerica BlackRock Natural Resources(2) | $ | 599,733 | $ | 374,278 | N/A | |||||||
Transamerica BNY Mellon Market Neutral Strategy(2) | $ | 1,100,257 | $ | 772,036 | N/A | |||||||
Transamerica Clarion Global Real Estate Securities | $ | 1,298,745 | $ | 1,363,303 | $ | 995,168 | ||||||
Transamerica Convertible Securities | $ | 546,815 | $ | 703,738 | $ | 815,242 | ||||||
Transamerica Equity | $ | 4,423,815 | $ | 4,780,779 | $ | 2,130,736 | ||||||
Transamerica Evergreen Health Care | $ | 1,168,545 | $ | 1,535,338 | $ | 2,056,357 | ||||||
Transamerica Evergreen International Small Cap | $ | 2,608,808 | $ | 2,739,918 | $ | 2,105,575 | ||||||
Transamerica Federated Market Opportunity | $ | 272,755 | $ | 224,939 | $ | 259,074 | ||||||
Transamerica Flexible Income | $ | 998,657 | $ | 1,024,991 | $ | 810,505 | ||||||
Transamerica Growth Opportunities | $ | 972,822 | $ | 1,145,096 | $ | 1,352,228 | ||||||
Transamerica High Yield Bond | $ | 1,246,566 | $ | 1,090,487 | $ | 1,109,790 | ||||||
Transamerica Jennison Growth | $ | 794,435 | $ | 602,845 | $ | 532,160 | ||||||
Transamerica JPMorgan Core Bond(3) | N/A | N/A | N/A | |||||||||
Transamerica JPMorgan International Bond(2) | $ | 1,310,379 | $ | 1,166,731 | $ | 644,344 | ||||||
Transamerica JPMorgan Mid Cap Value | $ | 919,450 | $ | 1,054,949 | $ | 908,744 | ||||||
Transamerica Legg Mason Partners All Cap | $ | 521,707 | $ | 792,450 | $ | 944,555 | ||||||
Transamerica Legg Mason Partners Investors Value(4) | $ | 237,946 | $ | 306,287 | $ | 367,105 | ||||||
Transamerica Loomis Sayles Bond(2) | $ | 1,971,223 | $ | 642,724 | N/A | |||||||
Transamerica Marsico Growth | $ | 1,613,259 | $ | 1,108,401 | $ | 546,949 | ||||||
Transamerica Marsico International Growth | $ | 2,467,659 | $ | 2,211,026 | $ | 1,902,220 | ||||||
Transamerica MFS International Equity | $ | 138,942 | $ | 149,205 | $ | 221,594 | ||||||
Transamerica Money Market | $ | 308,214 | $ | 258,673 | $ | 245,610 | ||||||
Transamerica Neuberger Berman International | $ | 2,478,129 | $ | 2,315,816 | $ | 1,746,729 | ||||||
Transamerica Oppenheimer Developing Markets | $ | 3,619,556 | $ | 3,029,931 | $ | 1,777,303 | ||||||
Transamerica Oppenheimer Small- & Mid-Cap Value | $ | 713,628 | $ | 543,595 | $ | 72,620 | ||||||
Transamerica PIMCO Real Return TIPS | $ | 1,862,452 | $ | 1,619,333 | $ | 1,418,239 | ||||||
Transamerica PIMCO Total Return | $ | 1,467,066 | $ | 1,181,158 | $ | 549,245 | ||||||
Transamerica Schroders International Small Cap(5) | $ | 518,125 | N/A | N/A | ||||||||
Transamerica Science & Technology | $ | 277,823 | $ | 267,827 | $ | 258,259 | ||||||
Transamerica Short-Term Bond | $ | 1,245,653 | $ | 1,120,587 | $ | 719,373 | ||||||
Transamerica Small/Mid Cap Value | $ | 2,641,536 | $ | 2,145,020 | $ | 2,004,112 | ||||||
Transamerica Templeton Global | $ | 630,199 | $ | 897,346 | $ | 1,057,986 | ||||||
Transamerica Third Avenue Value(6) | $ | 2,172,689 | $ | 1,323,568 | N/A | |||||||
Transamerica Thornburg International Value(7) | $ | 70,359 | N/A | N/A | ||||||||
Transamerica UBS Dynamic Alpha(2) | $ | 1,707,502 | $ | 1,313,910 | N/A | |||||||
Transamerica UBS Large Cap Value | $ | 2,479,622 | $ | 2,079,770 | $ | 686,662 | ||||||
Transamerica Value Balanced | $ | 164,487 | $ | 203,630 | $ | 214,099 | ||||||
Transamerica Van Kampen Emerging Markets Debt | $ | 1,468,710 | $ | 1,422,850 | $ | 1,556,102 | ||||||
Transamerica Van Kampen Mid-Cap Growth | $ | 511,354 | $ | 348,463 | $ | 183,979 | ||||||
Transamerica Van Kampen Small Company Growth | $ | 609,632 | $ | 906,933 | $ | 1,212,177 | ||||||
Transamerica WMC Emerging Markets(7) | $ | 45,207 | N/A | N/A |
44
(1) | Transamerica Bjurman, Barry Micro Emerging Growth was liquidated and dissolved on April 24, 2009. | |
(2) | Transamerica BlackRock Natural Resources, Transamerica Loomis Sayles Bond, Transamerica BNY Mellon Market Neutral Strategy and Transamerica UBS Dynamic Alpha commenced operations on January 3, 2007, and as such, there is no historical fee information for the fiscal year ended October 31, 2006. | |
(3) | Transamerica JPMorgan Core Bond had not commenced operations prior to the date of this SAI, and as such, there is no historical fee information for the fiscal years ended October 31, 2006, October 31, 2007 and October 31, 2008. | |
(4) | Transamerica Legg Mason Partners Investors Value was liquidated and dissolved on April 3, 2009. | |
(5) | Transamerica Schroders International Small Cap commenced operations on March 1, 2008, and as such, there is no historical fee information for fiscal years ended October 31, 2007 and October 31, 2006. | |
(6) | Transamerica Third Avenue Value commenced operations on May 1, 2007 and as such, there is no historical fee information for the fiscal year ended October 31, 2006. | |
(7) | Transamerica Thornburg International Value and Transamerica WMC Emerging Markets commenced operations on September 15, 2008 and September 30, 2008, respectively, and as such, there is no historical fee information for fiscal years ended October 31, 2007 and October 31, 2006. |
October 31 | ||||||||||||
Fund Name | 2008 | 2007 | 2006 | |||||||||
Transamerica Asset Allocation — Conservative Portfolio | $ | 781,360 | $ | 601,350 | $ | 481,502 | ||||||
Transamerica Asset Allocation — Growth Portfolio | $ | 2,097,266 | $ | 2,025,855 | $ | 1,350,349 | ||||||
Transamerica Asset Allocation — Moderate Portfolio | $ | 2,089,670 | $ | 1,928,773 | $ | 1,503,844 | ||||||
Transamerica Asset Allocation — Moderate Growth Portfolio | $ | 3,704,481 | $ | 3,494,376 | $ | 2,478,118 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio(1) | $ | 328,975 | $ | 61,460 | N/A | |||||||
Transamerica Multi-Manager International Portfolio | $ | 425,974 | $ | 284,952 | $ | 50,848 |
(1) | Transamerica Multi-Manager Alternative Strategies Portfolio commenced operations on December 28, 2006, and as such, there is historical information for the fiscal year ended October 31, 2006. |
45
Commissions Received for the Period | Commissions Retained for the Period | |||||||||||||||||||||||
Ended October 31 | Ended October 31 | |||||||||||||||||||||||
Fund Name | 2008 | 2007 | 2006 | 2008 | 2007 | 2006 | ||||||||||||||||||
Transamerica AllianceBernstein International Value | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica American Century Large Company Value | $ | 0 | $ | 0 | $ | 4,696 | $ | 0 | $ | 0 | $ | 721 | ||||||||||||
Transamerica Asset Allocation — Conservative Portfolio | $ | 2,846,849 | $ | 1,830,007 | $ | 2,009,609 | $ | 481,348 | $ | 313,801 | $ | 333,238 | ||||||||||||
Transamerica Asset Allocation — Growth Portfolio | $ | 4,950,893 | $ | 6,221,131 | $ | 6,724,501 | $ | 773,070 | $ | 989,518 | $ | 1,070,214 | ||||||||||||
Transamerica Asset Allocation — Moderate Growth Portfolio | $ | 9,619,298 | $ | 11,055,487 | $ | 12,792,970 | $ | 1,555,217 | $ | 1,798,570 | $ | 2,061,336 | ||||||||||||
Transamerica Asset Allocation — Moderate Portfolio | $ | 5,192,761 | $ | 5,077,344 | $ | 5,777,262 | $ | 856,228 | $ | 841,679 | $ | 947,137 | ||||||||||||
Transamerica Balanced | $ | 64,623 | $ | 74,631 | $ | 94,715 | $ | 10,062 | $ | 11,642 | $ | 14,460 | ||||||||||||
Transamerica Bjurman, Barry Micro Emerging Growth(1) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica BlackRock Global Allocation | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica BlackRock Large Cap Value | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica BlackRock Natural Resources(2) | N/A | $ | 0 | N/A | N/A | N/A | N/A | |||||||||||||||||
Transamerica BNY Mellon Market Neutral Strategy(2) | N/A | $ | 0 | N/A | N/A | N/A | N/A | |||||||||||||||||
Transamerica Clarion Global Real Estate Securities | $ | 0 | $ | 0 | $ | 6,332 | $ | 0 | $ | 0 | $ | 963 | ||||||||||||
Transamerica Convertible Securities | $ | 68,102 | $ | 25,562 | $ | 29,277 | $ | 11,944 | $ | 4,634 | $ | 5,601 | ||||||||||||
Transamerica Equity | $ | 408,325 | $ | 543,912 | $ | 196,551 | $ | 61,859 | $ | 82,373 | $ | 29,743 | ||||||||||||
Transamerica Evergreen Health Care | $ | 0 | $ | 0 | $ | 2,514 | $ | 0 | $ | 0 | $ | 380 | ||||||||||||
Transamerica Evergreen International Small Cap | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Federated Market Opportunity | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Flexible Income | $ | 35,634 | $ | 38,362 | $ | 30,257 | $ | 7,038 | $ | 7,671 | $ | 5,646 | ||||||||||||
Transamerica Growth Opportunities | $ | 76,457 | $ | 99,174 | $ | 171,989 | $ | 11,928 | $ | 15,265 | $ | 25,669 | ||||||||||||
Transamerica High Yield Bond | $ | 87,788 | $ | 124,081 | $ | 98,535 | $ | 17,769 | $ | 25,290 | $ | 19,496 | ||||||||||||
Transamerica Jennison Growth | $ | 0 | $ | 0 | $ | 10,100 | $ | 0 | $ | 0 | $ | 1,413 | ||||||||||||
Transamerica JPMorgan Core Bond(3) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica JPMorgan International Bond | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica JPMorgan Mid Cap Value | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Legg Mason Partners All Cap | $ | 42,063 | $ | 70,780 | $ | 82,504 | $ | 6,456 | $ | 11,047 | $ | 12,495 | ||||||||||||
Transamerica Legg Mason Partners Investors Value(4) | $ | 0 | $ | 0 | $ | 4,167 | $ | 0 | $ | 0 | $ | 741 | ||||||||||||
Transamerica Loomis Sayles Bond(2) | N/A | $ | 0 | N/A | N/A | N/A | N/A | |||||||||||||||||
Transamerica Marsico Growth | $ | 0 | $ | 0 | $ | 11,295 | $ | 0 | $ | 0 | $ | 1,725 |
46
Commissions Received for the Period | Commissions Retained for the Period | |||||||||||||||||||||||
Ended October 31 | Ended October 31 | |||||||||||||||||||||||
Fund Name | 2008 | 2007 | 2006 | 2008 | 2007 | 2006 | ||||||||||||||||||
Transamerica Marsico International Growth | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica MFS International Equity | $ | 0 | $ | 0 | $ | 9,036 | $ | 0 | $ | 0 | $ | 1,525 | ||||||||||||
Transamerica Money Market | $ | 0 | $ | 0 | $ | 12,415 | $ | 0 | $ | 0 | $ | 579 | ||||||||||||
Transamerica Multi-Manager Alternative Strategies Portfolio(5) | $ | 1,157,228 | $ | 813,248 | N/A | $ | 182,072 | $ | 129,645 | N/A | ||||||||||||||
Transamerica Multi-Manager International Portfolio | $ | 837,540 | $ | 1,477,318 | $ | 1,161,970 | $ | 131,791 | $ | 228,132 | $ | 183,521 | ||||||||||||
Transamerica Neuberger Berman International | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Oppenheimer Developing Markets | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Oppenheimer Small- & Mid-Cap Value | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica PIMCO Real Return TIPS | $ | 0 | $ | 0 | $ | 1,591 | $ | 0 | $ | 0 | $ | 305 | ||||||||||||
Transamerica PIMCO Total Return | $ | 0 | $ | 0 | $ | 3,228 | $ | 0 | $ | 0 | $ | 560 | ||||||||||||
Transamerica Schroders International Small Cap(6) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Science & Technology | $ | 26,488 | $ | 12,690 | $ | 14,620 | $ | 4,167 | $ | 1,966 | $ | 2,209 | ||||||||||||
Transamerica Short-Term Bond | $ | 33,313 | N/A | N/A | $ | 6,425 | N/A | N/A | ||||||||||||||||
Transamerica Small/Mid Cap Value | $ | 1,098,994 | $ | 296,392 | $ | 255,486 | $ | 165,002 | $ | 45,732 | $ | 38,102 | ||||||||||||
Transamerica Templeton Global | $ | 68,207 | $ | 86,067 | $ | 93,453 | $ | 10,517 | $ | 13,131 | $ | 13,979 | ||||||||||||
Transamerica Third Avenue Value(5) | N/A | $ | 0 | N/A | N/A | N/A | N/A | |||||||||||||||||
Transamerica Thornburg International Value(7) | N/A | N/A | �� | N/A | N/A | N/A | N/A | |||||||||||||||||
Transamerica UBS Dynamic Alpha(2) | N/A | $ | 0 | N/A | N/A | N/A | N/A | |||||||||||||||||
Transamerica UBS Large Cap Value | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Value Balanced | $ | 21,169 | $ | 39,550 | $ | 29,428 | $ | 3,218 | $ | 6,093 | $ | 4,612 | ||||||||||||
Transamerica Van Kampen Emerging Markets Debt | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Van Kampen Mid-Cap Growth | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Van Kampen Small Company Growth | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica WMC Emerging Markets(7) | N/A | N/A | N/A | N/A | N/A | N/A |
For the Period Ended October 31, 2008 | ||||||||||||||||
Net | ||||||||||||||||
Underwriting | Compensation | |||||||||||||||
Discounts and | on Redemptions | Brokerage | Other | |||||||||||||
Fund Name | Commissions | & Repurchases | Commissions | Compensation | ||||||||||||
Transamerica AllianceBernstein International Value | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica American Century Large Company Value | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
Transamerica Asset Allocation-Conservative Portfolio | $ | 481,348 | $ | 484,281 | $ | 0 | $ | (62,737 | ) | |||||||
Transamerica Asset Allocation-Growth Portfolio | $ | 773,070 | $ | 889,518 | $ | 0 | $ | 2,236,660 | ||||||||
Transamerica Asset Allocation-Moderate Growth Portfolio | $ | 1,555,217 | $ | 1,733,920 | $ | 0 | $ | 3,545,612 | ||||||||
Transamerica Asset Allocation-Moderate Portfolio | $ | 856,228 | $ | 879,045 | $ | 0 | $ | 1,766,278 | ||||||||
Transamerica Balanced | $ | 10,062 | $ | 49,345 | $ | 0 | $ | 520,825 | ||||||||
Transamerica Bjurman, Barry Micro Emerging Growth(1) | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica BlackRock Global Allocation | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica BlackRock Large Cap Value | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica BlackRock Natural Resources(2) | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica BNY Mellon Market Neutral Strategy(2) | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica Clarion Global Real Estate Securities | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
Transamerica Convertible Securities | $ | 11,944 | $ | 14,090 | $ | 0 | $ | 3,249 | ||||||||
Transamerica Equity | $ | 61,859 | $ | 104,500 | $ | 0 | $ | 1,291,645 | ||||||||
Transamerica Evergreen Health Care | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
Transamerica Evergreen International Small Cap | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica Federated Market Opportunity | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica Flexible Income | $ | 7,038 | $ | 24,287 | $ | 0 | $ | 113,153 |
47
For the Period Ended October 31, 2008 | ||||||||||||||||
Net | ||||||||||||||||
Underwriting | Compensation | |||||||||||||||
Discounts and | on Redemptions | Brokerage | Other | |||||||||||||
Fund Name | Commissions | & Repurchases | Commissions | Compensation | ||||||||||||
Transamerica Growth Opportunities | $ | 11,928 | $ | 30,356 | $ | 0 | $ | 325,017 | ||||||||
Transamerica High Yield Bond | $ | 17,769 | $ | 30,684 | $ | 0 | $ | 163,784 | ||||||||
Transamerica Jennison Growth | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
Transamerica JPMorgan Core Bond(3) | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica JPMorgan International Bond | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica JPMorgan Mid Cap Value | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica Legg Mason Partners All Cap | $ | 6,456 | $ | 71,705 | $ | 0 | $ | 489,760 | ||||||||
Transamerica Legg Mason Partners Investors Value(4) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
Transamerica Loomis Sayles Bond(2) | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica Marsico Growth | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
Transamerica Marsico International Growth | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica MFS International Equity | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
Transamerica Money Market | $ | 0 | $ | 141,100 | $ | 0 | $ | 267,990 | ||||||||
Transamerica Multi-Manager Alternative Strategies Portfolio(5) | $ | 182,072 | $ | 73,339 | $ | 0 | $ | (6,179 | ) | |||||||
Transamerica Multi-Manager International Portfolio | $ | 131,791 | $ | 204,976 | $ | 0 | $ | 540,106 | ||||||||
Transamerica Neuberger Berman International | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica Oppenheimer Developing Markets | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica Oppenheimer Small- & Mid-Cap Value | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica PIMCO Real Return TIPS | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
Transamerica PIMCO Total Return | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
Transamerica Schroders International Small Cap(6) | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica Science &Technology | $ | 4,167 | $ | 3,014 | $ | 0 | $ | 30,133 | ||||||||
Transamerica Short-Term Bond | $ | 6,425 | $ | 864 | $ | 0 | $ | (75 | ) | |||||||
Transamerica Small/Mid Cap Value | $ | 165,002 | $ | 136,288 | $ | 0 | $ | (488,958 | ) | |||||||
Transamerica Templeton Global | $ | 10,517 | $ | 21,879 | $ | 0 | $ | 376,595 | ||||||||
Transamerica Third Avenue Value(5) | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica Thornburg International Value(7) | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica UBS Dynamic Alpha(2) | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica UBS Large Cap Value | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica Value Balanced | $ | 3,218 | $ | 12,237 | $ | 0 | $ | 121,500 | ||||||||
Transamerica Van Kampen Emerging Market Debts | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica Van Kampen Mid Cap Growth | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica Van Kampen Small Company Growth | N/A | N/A | N/A | N/A | ||||||||||||
Transamerica WMC Emerging Markets(7) | N/A | N/A | N/A | N/A |
(1) | Transamerica Bjurman, Barry Micro Emerging Growth was liquidated and dissolved on April 24, 2009. | |
(2) | Transamerica BlackRock Natural Resources, Transamerica Loomis Sayles Bond, Transamerica BNY Mellon Market Neutral Strategy and Transamerica UBS Dynamic Alpha commenced operations on January 3, 2007, and as such, there is no historical fee information for fiscal year ended October 31, 2006. | |
(3) | Transamerica JPMorgan Core Bond had not commenced operations prior to the date of this SAI, and as such, there is no historical fee information for the fiscal years ended October 31, 2006, October 31, 2007 and October 31, 2008. | |
(4) | Transamerica Legg Mason Partners Investors Value was liquidated and dissolved on April 3, 2009. | |
(5) | Transamerica Multi-Manager Alternative Strategies Portfolio and Transamerica Third Avenue Value commenced operations on December 28, 2006 and May 1, 2007, respectively, and as such, there is no historical fee information for the fiscal year ended October 31, 2006. | |
(6) | Transamerica Schroders International Small Cap commenced operations on March 1, 2008, and as such, there is no historical fee information for fiscal years ended October 31, 2007 and October 31, 2006. | |
(7) | Transamerica Thornburg International Value and Transamerica WMC Emerging Markets commenced operations on September 15, 2008 and September 30, 2008, respectively, and as such, there is no historical fee information for fiscal years ended October 31, 2007 and October 31, 2006. |
48
Fund Name | 2008 | 2007 | 2006 | |||||||||
Transamerica AllianceBernstein International Value | $ | 91,810 | $ | 85,695 | $ | 43,072 | ||||||
Transamerica American Century Large Company Value | $ | 120,930 | $ | 120,794 | $ | 58,933 | ||||||
Transamerica Asset Allocation — Conservative Portfolio | $ | 97,670 | $ | 75,169 | $ | 66,062 | ||||||
Transamerica Asset Allocation — Growth Portfolio | $ | 262,158 | $ | 253,232 | $ | 183,028 | ||||||
Transamerica Asset Allocation — Moderate Growth Portfolio | $ | 463,060 | $ | 436,797 | $ | 336,817 | ||||||
Transamerica Asset Allocation — Moderate Portfolio | $ | 261,209 | $ | 241,097 | $ | 205,510 | ||||||
Transamerica Balanced | $ | 30,241 | $ | 39,032 | $ | 46,229 | ||||||
Transamerica Bjurman, Barry Micro Emerging Growth(1) | $ | 16,653 | $ | 13,812 | $ | 1,737 | ||||||
Transamerica BlackRock Global Allocation | $ | 98,728 | $ | 93,847 | $ | 60,057 | ||||||
Transamerica BlackRock Large Cap Value | $ | 113,215 | $ | 113,374 | $ | 89,869 | ||||||
Transamerica BlackRock Natural Resources(2) | $ | 29,987 | $ | 18,714 | N/A | |||||||
Transamerica BNY Mellon Market Neutral Strategy(2) | $ | 24,450 | $ | 17,156 | N/A | |||||||
Transamerica Clarion Global Real Estate Securities | $ | 65,948 | $ | 69,376 | $ | 50,207 | ||||||
Transamerica Convertible Securities | $ | 31,247 | $ | 40,213 | $ | 46,735 | ||||||
Transamerica Equity | $ | 309,405 | $ | 343,716 | $ | 130,627 | ||||||
Transamerica Evergreen Health Care | $ | 58,674 | $ | 79,448 | $ | 93,286 | ||||||
Transamerica Evergreen International Small Cap | $ | 102,352 | $ | 107,597 | $ | 82,985 | ||||||
Transamerica Federated Market Opportunity | $ | 14,220 | $ | 10,690 | $ | 14,002 | ||||||
Transamerica Flexible Income | $ | 71,596 | $ | 73,481 | $ | 55,036 | ||||||
Transamerica Growth Opportunities | $ | 53,760 | $ | 64,442 | $ | 74,975 | ||||||
Transamerica High Yield Bond | $ | 90,160 | $ | 77,901 | $ | 78,541 | ||||||
Transamerica Jennison Growth | $ | 41,684 | $ | 30,746 | $ | 26,680 | ||||||
Transamerica JPMorgan Core Bond(3) | N/A | N/A | N/A | |||||||||
Transamerica JPMorgan International Bond | $ | 160,717 | $ | 141,564 | $ | 75,803 | ||||||
Transamerica JPMorgan Mid Cap Value | $ | 45,972 | $ | 52,747 | $ | 45,572 | ||||||
Transamerica Legg Mason Partners All Cap | $ | 25,561 | $ | 38,998 | $ | 46,410 | ||||||
Transamerica Legg Mason Partners Investors Value(4) | $ | 13,597 | $ | 17,502 | $ | 21,028 | ||||||
Transamerica Loomis Sayles Bond(2) | $ | 128,082 | $ | 40,563 | N/A | |||||||
Transamerica Marsico Growth | $ | 82,707 | $ | 56,158 | $ | 27,420 | ||||||
Transamerica Marsico International Growth | $ | 112,304 | $ | 93,092 | $ | 78,245 | ||||||
Transamerica MFS International Equity | $ | 5,850 | $ | 6,282 | $ | 9,098 | ||||||
Transamerica Money Market | $ | 41,095 | $ | 34,490 | $ | 27,861 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio(5) | $ | 20,561 | $ | 3,841 | N/A | |||||||
Transamerica Multi-Manager International Portfolio | $ | 53,247 | $ | 35,619 | $ | 6,405 | ||||||
Transamerica Neuberger Berman International | $ | 107,917 | $ | 100,703 | $ | 75,892 | ||||||
Transamerica Oppenheimer Developing Markets | $ | 117,802 | $ | 96,831 | $ | 55,736 | ||||||
Transamerica Oppenheimer Small- & Mid-Cap Value | $ | 35,681 | $ | 27,180 | $ | 3,682 | ||||||
Transamerica PIMCO Real Return TIPS | $ | 148,996 | $ | 129,541 | $ | 113,795 | ||||||
Transamerica PIMCO Total Return | $ | 117,365 | $ | 94,493 | $ | 44,096 | ||||||
Transamerica Schroders International Small Cap(6) | $ | 17,271 | N/A | N/A | ||||||||
Transamerica Science & Technology | $ | 15,876 | $ | 15,304 | $ | 14,427 | ||||||
Transamerica Short-Term Bond | $ | 113,789 | $ | 100,259 | $ | 59,675 | ||||||
Transamerica Small/Mid Cap Value | $ | 147,176 | $ | 116,641 | $ | 108,440 | ||||||
Transamerica Templeton Global | $ | 36,011 | $ | 51,277 | $ | 60,668 | ||||||
Transamerica Third Avenue Value(5) | $ | 108,635 | $ | 66,178 | N/A | |||||||
Transamerica Thornburg International Value(7) | $ | 2,168 | N/A | N/A | ||||||||
Transamerica UBS Dynamic Alpha(2) | $ | 41,533 | $ | 31,940 | N/A | |||||||
Transamerica UBS Large Cap Value | $ | 161,202 | $ | 133,917 | $ | 38,922 | ||||||
Transamerica Value Balanced | $ | 9,573 | $ | 12,580 | $ | 13,230 |
49
Fund Name | 2008 | 2007 | 2006 | |||||||||
Transamerica Van Kampen Emerging Markets Debt | $ | 69,641 | $ | 66,166 | $ | 71,814 | ||||||
Transamerica Van Kampen Mid-Cap Growth | $ | 25,568 | $ | 17,423 | $ | 9,240 | ||||||
Transamerica Van Kampen Small Company Growth | $ | 27,095 | $ | 40,308 | $ | 54,040 | ||||||
Transamerica WMC Emerging Markets(7) | $ | 1,292 | N/A | N/A |
(1) | Transamerica Bjurman, Barry Micro Emerging Growth was liquidated and dissolved on April 24, 2009. | |
(2) | Transamerica BlackRock Natural Resources, Transamerica Loomis Sayles Bond, Transamerica BNY Mellon Market Neutral Strategy and Transamerica UBS Dynamic Alpha commenced operations on January 3, 2007, and as such, there is no historical fee information for fiscal year ended October 31, 2006. | |
(3) | Transamerica JPMorgan Core Bond had not commenced operations prior to the date of this SAI, and as such, there is no historical fee information for the fiscal years ended October 31, 2006, October 31, 2007 and October 31, 2008. | |
(4) | Transamerica Legg Mason Partners Investors Value was liquidated and dissolved on April 3, 2009. | |
(5) | Transamerica Multi-Manager Alternative Strategies Portfolio and Transamerica Third Avenue Value commenced operations on December 28, 2006 and May 1, 2007, respectively, and as such, there is no historical fee information for the fiscal year ended October 31, 2006. | |
(6) | Transamerica Schroders International Small Cap commenced operations on March 1, 2008, and as such, there is no historical fee information for fiscal years ended October 31, 2007 and October 31, 2006. | |
(7) | Transamerica Thornburg International Value and Transamerica WMC Emerging Markets commenced operations on September 15, 2008 and September 30, 2008, respectively, and as such, there is no historical fee information for fiscal years ended October 31, 2007 and October 31, 2006. |
(Fees and Expenses Net of Brokerage Credits)
Fund Name | 2008 | 2007 | 2006 | |||||||||
Transamerica AllianceBernstein International Value | $ | 159 | $ | 0 | $ | 213 | ||||||
Transamerica American Century Large Company Value | $ | 59,490 | $ | 74,759 | $ | 103,367 | ||||||
Transamerica Asset Allocation — Conservative Portfolio | $ | 706,727 | $ | 507,653 | $ | 414,752 | ||||||
Transamerica Asset Allocation — Growth Portfolio | $ | 2,807,434 | $ | 2,404,147 | $ | 1,807,389 | ||||||
Transamerica Asset Allocation — Moderate Growth Portfolio | $ | 3,893,286 | $ | 3,393,891 | $ | 2,699,768 | ||||||
Transamerica Asset Allocation — Moderate Portfolio | $ | 1,829,171 | $ | 1,555,838 | $ | 1,325,009 | ||||||
Transamerica Balanced | $ | 406,957 | $ | 468,947 | $ | 562,219 | ||||||
Transamerica Bjurman, Barry Micro Emerging Growth(1) | $ | 160 | $ | 0 | $ | 0 | ||||||
Transamerica BlackRock Global Allocation | $ | 175 | $ | 43 | $ | 149 | ||||||
Transamerica BlackRock Large Cap Value | $ | 160 | $ | 2 | $ | 164 | ||||||
Transamerica BlackRock Natural Resources(2) | $ | 169 | $ | 0 | N/A | |||||||
Transamerica BNY Mellon Market Neutral Strategy(2) | $ | 135 | $ | 0 | N/A | |||||||
Transamerica Clarion Global Real Estate Securities | $ | 26,085 | $ | 36,005 | $ | 49,211 | ||||||
Transamerica Convertible Securities | $ | 35,891 | $ | 24,356 | $ | 26,428 | ||||||
Transamerica Equity | $ | 2,282,929 | $ | 2,675,279 | $ | 719,912 | ||||||
Transamerica Evergreen Health Care | $ | 21,040 | $ | 26,275 | $ | 38,816 | ||||||
Transamerica Evergreen International Small Cap | $ | 320 | $ | 292 | $ | 124 | ||||||
Transamerica Federated Market Opportunity | $ | 171 | $ | 44 | $ | 150 | ||||||
Transamerica Flexible Income | $ | 92,187 | $ | 112,696 | $ | 152,736 | ||||||
Transamerica Growth Opportunities | $ | 662,480 | $ | 748,093 | $ | 885,941 | ||||||
Transamerica High Yield Bond | $ | 98,678 | $ | 119,387 | $ | 144,839 | ||||||
Transamerica Jennison Growth | $ | 89,122 | $ | 111,574 | $ | 158,848 | ||||||
Transamerica JPMorgan Core Bond(3) | N/A | N/A | N/A | |||||||||
Transamerica JPMorgan International Bond | $ | 162 | $ | 0 | $ | 284 | ||||||
Transamerica JPMorgan Mid Cap Value | $ | 198 | $ | 2 | $ | 0 | ||||||
Transamerica Legg Mason Partners All Cap | $ | 419,094 | $ | 516,776 | $ | 615,489 |
50
Fund Name | 2008 | 2007 | 2006 | |||||||||
Transamerica Legg Mason Partners Investors Value(4) | $ | 61,213 | $ | 77,092 | $ | 99,395 | ||||||
Transamerica Loomis Sayles Bond(2) | $ | 172 | $ | 0 | N/A | |||||||
Transamerica Marsico Growth | $ | 62,937 | $ | 77,672 | $ | 112,359 | ||||||
Transamerica Marsico International Growth | $ | 322 | $ | 302 | $ | 37 | ||||||
Transamerica MFS International Equity | $ | 103,399 | $ | 126,065 | $ | 164,181 | ||||||
Transamerica Money Market | $ | 401,576 | $ | 384,177 | $ | 376,012 | ||||||
Transamerica Multi-Manager Alternative Strategies Portfolio(5) | $ | 203,892 | $ | 37,264 | N/A | |||||||
Transamerica Multi-Manager International Portfolio | $ | 616,792 | $ | 368,479 | $ | 75,694 | ||||||
Transamerica Neuberger Berman International | $ | 159 | $ | 0 | $ | 184 | ||||||
Transamerica Oppenheimer Developing Markets | $ | 159 | $ | 0 | $ | 186 | ||||||
Transamerica Oppenheimer Small- & Mid-Cap Value | $ | 160 | $ | 0 | $ | 0 | ||||||
Transamerica PIMCO Real Return TIPS | $ | 11,567 | $ | 15,848 | $ | 26,315 | ||||||
Transamerica PIMCO Total Return | $ | 39,927 | $ | 50,807 | $ | 70,620 | ||||||
Transamerica Schroders International Small Cap(6) | $ | 169 | N/A | N/A | ||||||||
Transamerica Science & Technology | $ | 58,332 | $ | 61,339 | $ | 78,403 | ||||||
Transamerica Short-Term Bond | $ | 2,554 | $ | 292 | $ | 137 | ||||||
Transamerica Small/Mid Cap Value | $ | 681,796 | $ | 293,969 | $ | 275,381 | ||||||
Transamerica Templeton Global | $ | 710,191 | $ | 791,301 | $ | 941,571 | ||||||
Transamerica Third Avenue Value(5) | $ | 200 | $ | 0 | N/A | |||||||
Transamerica Thornburg International Value(7) | $ | 42 | N/A | N/A | ||||||||
Transamerica UBS Dynamic Alpha(2) | $ | 137 | $ | 0 | N/A | |||||||
Transamerica UBS Large Cap Value | $ | 318 | $ | 288 | $ | 0 | ||||||
Transamerica Value Balanced | $ | 139,970 | $ | 166,723 | $ | 198,182 | ||||||
Transamerica Van Kampen Emerging Markets Debt | $ | 282 | $ | 255 | $ | 355 | ||||||
Transamerica Van Kampen Mid-Cap Growth | $ | 162 | $ | (8 | ) | $ | 133 | |||||
Transamerica Van Kampen Small Company Growth | $ | 318 | $ | 291 | $ | 233 | ||||||
Transamerica WMC Emerging Markets(7) | $ | 42 | N/A | N/A |
(1) | Transamerica Bjurman, Barry Micro Emerging Growth was liquidated and dissolved on April 24, 2009. | |
(2) | Transamerica BlackRock Natural Resources, Transamerica Loomis Sayles Bond, Transamerica BNY Mellon Market Neutral Strategy and Transamerica UBS Dynamic Alpha commenced operations on January 3, 2007, and as such, there is no historical fee information for fiscal year ended October 31, 2006. | |
(3) | Transamerica JPMorgan Core Bond had not commenced operations prior to the date of this SAI, and as such, there is no historical fee information for the fiscal years ended October 31, 2006, October 31, 2007 and October 31, 2008. | |
(4) | Transamerica Legg Mason Partners Investors Value was liquidated and dissolved on April 3, 2009. | |
(5) | Transamerica Multi-Manager Alternative Strategies Portfolio and Transamerica Third Avenue Value commenced operations on December 28, 2006 and May 1, 2007, respectively, and as such, there is no historical fee information for the fiscal year ended October 31, 2006. | |
(6) | Transamerica Schroders International Small Cap commenced operations on March 1, 2008, and as such, there is no historical fee information for fiscal years ended October 31, 2007 and October 31, 2006. | |
(7) | Transamerica Thornburg International Value and Transamerica WMC Emerging Markets commenced operations on September 15, 2008 and September 30, 2008, respectively, and as such, there is no historical fee information for fiscal years ended October 31, 2007 and October 31, 2006. |
• | The sub-adviser’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; |
51
• | 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 information, including the research described above) that assist the sub-adviser in carrying out its responsibilities. |
Brokerage Commissions Paid | ||||||||||||||||||||||||
(Including Affiliated Brokerage) | ||||||||||||||||||||||||
October 31 | Affiliated Brokerage Paid October 31 | |||||||||||||||||||||||
Fund Name | 2008 | 2007 | 2006 | 2008 | 2007 | 2006 | ||||||||||||||||||
Transamerica AllianceBernstein International Value | $ | 252,118 | $ | 261,188 | $ | 349,165 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica American Century Large Company Value | $ | 150,331 | $ | 137,364 | $ | 79,857 | $ | 5,502 | $ | 0 | $ | 60 | ||||||||||||
Transamerica Asset Allocation – Conservative Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Asset Allocation – Growth Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Asset Allocation – Moderate Growth Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Asset Allocation – Moderate Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Balanced | $ | 71,908 | $ | 89,309 | $ | 75,348 | $ | 0 | $ | 0 | $ | 0 |
52
Brokerage Commissions Paid | ||||||||||||||||||||||||
(Including Affiliated Brokerage) | ||||||||||||||||||||||||
October 31 | Affiliated Brokerage Paid October 31 | |||||||||||||||||||||||
Fund Name | 2008 | 2007 | 2006 | 2008 | 2007 | 2006 | ||||||||||||||||||
Transamerica Bjurman, Barry Micro Emerging Growth(1) | $ | 204,429 | $ | 271,614 | $ | 108,102 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica BlackRock Global Allocation | $ | 436,026 | $ | 311,536 | $ | 338,444 | $ | 6,069 | $ | 19,549 | $ | 32,278 | ||||||||||||
Transamerica BlackRock Large Cap Value | $ | 173,922 | $ | 139,966 | $ | 106,833 | $ | 0 | $ | 0 | $ | 85 | ||||||||||||
Transamerica BlackRock Natural Resources(2) | $ | 12,968 | $ | 73,023 | N/A | $ | 1,783 | $ | 876 | N/A | ||||||||||||||
Transamerica BNY Mellon Market Neutral Strategy(2) | $ | 567,894 | $ | 211,174 | N/A | $ | 0 | $ | 0 | N/A | ||||||||||||||
Transamerica Clarion Global Real Estate Securities | $ | 432,618 | $ | 633,427 | $ | 636,903 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Convertible Securities | $ | 30,501 | $ | 17,196 | $ | 15,262 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Equity | $ | 835,453 | $ | 1,694,741 | $ | 470,105 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Evergreen Health Care | $ | 461,809 | $ | 938,148 | $ | 805,438 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Evergreen International Small Cap | $ | 1,657,395 | $ | 1,247,599 | $ | 1,033,827 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Federated Market Opportunity | $ | 387,820 | $ | 97,323 | $ | 83,066 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Flexible Income | $ | 12,858 | $ | 200 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Growth Opportunities | $ | 309,171 | $ | 524,311 | $ | 465,423 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica High Yield Bond | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Jennison Growth | $ | 312,255 | $ | 182,249 | $ | 197,574 | $ | 0 | $ | 108 | $ | 1,054 | ||||||||||||
Transamerica JPMorgan Core Bond(3) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica JPMorgan International Bond | $ | 58,722 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica JPMorgan Mid-Cap Value | $ | 180,106 | $ | 185,623 | $ | 162,310 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Legg Mason Partners All Cap | $ | 117,689 | $ | 96,197 | $ | 323,999 | $ | 0 | $ | 0 | $ | 378 | ||||||||||||
Transamerica Legg Mason Partners Investors Value(4) | $ | 47,296 | $ | 32,280 | $ | 123,339 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Loomis Sayles Bond(2) | $ | 2,097 | $ | 1,080 | N/A | $ | 0 | $ | 0 | N/A | ||||||||||||||
Transamerica Marsico Growth | $ | 404,214 | $ | 236,722 | $ | 127,736 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Marsico International Growth | $ | 1,667,169 | $ | 1,333,417 | $ | 1,338,054 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica MFS International Equity | $ | 57,478 | $ | 40,072 | $ | 162,427 | $ | 0 | $ | 0 | $ | 2,841 | ||||||||||||
Transamerica Money Market | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Multi-Manager Alternative Strategies Portfolio (5) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Multi-Manager International Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Transamerica Neuberger Berman International Portfolio | $ | 1,136,559 | $ | 755,086 | $ | 772,003 | $ | 41,986 | $ | 45,303 | $ | 67,838 | ||||||||||||
Transamerica Oppenheimer Developing Markets | $ | 1,191,683 | $ | 1,052,005 | $ | 1,191,691 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Oppenheimer Small & Mid-Cap Value | $ | 343,102 | $ | 311,582 | $ | 88,955 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica PIMCO Real Return TIPS | $ | 21,441 | $ | 9,866 | $ | 5,444 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica PIMCO Total Return | $ | 30,968 | $ | 22,652 | $ | 5,314 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Schroders International Small Cap(6) | $ | 527,243 | N/A | N/A | $ | 0 | N/A | N/A | ||||||||||||||||
Transamerica Science & Technology | $ | 89,723 | $ | 111,971 | $ | 201,070 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Short-Term Bond | $ | 1,480 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Small/Mid-Cap Value | $ | 1,445,450 | $ | 505,365 | $ | 462,359 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Templeton Global | $ | 117,445 | $ | 167,715 | $ | 531,296 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Third Avenue Value(5) | $ | 466,796 | $ | 172,422 | N/A | $ | 245,895 | $ | 103,142 | N/A | ||||||||||||||
Transamerica Thornburg International Value(7) | $ | 41,631 | N/A | N/A | $ | 0 | N/A | N/A | ||||||||||||||||
Transamerica UBS Dynamic Alpha(2) | $ | 324,735 | $ | 217,960 | N/A | $ | 10,003 | $ | 914 | N/A | ||||||||||||||
Transamerica UBS Large Cap Value | $ | 927,076 | $ | 498,160 | $ | 123,945 | $ | 16,525 | $ | 4,944 | $ | 605 | ||||||||||||
Transamerica Value Balanced | $ | 45,136 | $ | 38,206 | $ | 38,093 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Van Kampen Emerging Markets Debt | $ | 1,529 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Transamerica Van Kampen Mid-Cap Growth | $ | 116,752 | $ | 101,667 | $ | 72,658 | $ | 3,663 | $ | 1,957 | $ | 24 |
53
Brokerage Commissions Paid | ||||||||||||||||||||||||
(Including Affiliated Brokerage) | ||||||||||||||||||||||||
October 31 | Affiliated Brokerage Paid October 31 | |||||||||||||||||||||||
Fund Name | 2008 | 2007 | 2006 | 2008 | 2007 | 2006 | ||||||||||||||||||
Transamerica Van Kampen Small Company Growth | $ | 172,762 | $ | 369,573 | $ | 579,434 | $ | 0 | $ | 14 | $ | 9,395 | ||||||||||||
Transamerica WMC Emerging Markets(7) | $ | 99,603 | N/A | N/A | $ | 0 | N/A | N/A |
Fund Name | Paid as of October 31, 2008 | |||
Transamerica AllianceBernstein International Value | $ | 111,273 | ||
Transamerica American Century Large Company Value | $ | 77,980 | ||
Transamerica Asset Allocation – Conservative Portfolio | $ | — | ||
Transamerica Asset Allocation – Growth Portfolio | $ | — | ||
Transamerica Asset Allocation – Moderate Growth Portfolio | $ | — | ||
Transamerica Asset Allocation – Moderate Portfolio | $ | — | ||
Transamerica Balanced | $ | 56,389 | ||
Transamerica Bjurman, Barry Micro Emerging Growth(1) | $ | 45,022 | ||
Transamerica BlackRock Global Allocation | $ | 228,715 | ||
Transamerica BlackRock Large Cap Value | $ | 12,440 | ||
Transamerica BlackRock Natural Resources(2) | $ | 11,633 | ||
Transamerica BNY Mellon Market Neutral Strategy(2) | $ | 326,286 | ||
Transamerica Clarion Global Real Estate Securities | $ | 342,197 | ||
Transamerica Convertible Securities | $ | 25,467 | ||
Transamerica Equity | $ | 636,582 | ||
Transamerica Evergreen Health Care | $ | 264,861 | ||
Transamerica Evergreen International Small Cap | $ | 1,210,081 | ||
Transamerica Federated Market Opportunity | $ | 148,568 | ||
Transamerica Flexible Income | $ | 17,000 | ||
Transamerica Growth Opportunities | $ | 202,084 | ||
Transamerica High Yield Bond | $ | — | ||
Transamerica Jennison Growth | $ | 196,025 | ||
Transamerica JPMorgan Core Bond(3) | N/A | |||
Transamerica JPMorgan International Bond | $ | — | ||
Transamerica JPMorgan Mid Cap Value | $ | 76,184 | ||
Transamerica Legg Mason Partners All Cap | $ | 67,186 | ||
Transamerica Legg Mason Partners Investors Value(4) | $ | 36,866 | ||
Transamerica Loomis Sayles Bond(2) | $ | 1,315 | ||
Transamerica Marsico Growth | $ | 302,743 | ||
Transamerica Marsico International Growth | $ | 1,141,428 | ||
Transamerica MFS International Equity | $ | 36,599 | ||
Transamerica Money Market | $ | — | ||
Transamerica Multi-Manager Alternative Strategies Portfolio(5) | $ | — | ||
Transamerica Multi-Manager International Portfolio | $ | — | ||
Transamerica Neuberger Berman International | $ | 844,400 | ||
Transamerica Oppenheimer Developing Markets | $ | 901,805 | ||
Transamerica Oppenheimer Small & MidCap Value | $ | 179,131 | ||
Transamerica PIMCO Real Return TIPS | $ | — | ||
Transamerica PIMCO Total Return | $ | — | ||
Transamerica Schroders International Small Cap(6) | $ | 128,768 | ||
Transamerica Science & Technology | $ | 77,788 | ||
Transamerica Short-Term Bond | $ | — | ||
Transamerica Small/Mid Cap Value | $ | 1,128,203 | ||
Transamerica Templeton Global | $ | 85,936 | ||
Transamerica Third Avenue Value(5) | $ | 320,972 | ||
Transamerica Thornburg International Value(7) | $ | 11,572 | ||
Transamerica UBS Dynamic Alpha(2) | $ | 106,260 | ||
Transamerica UBS Large Cap Value | $ | 260,272 | ||
Transamerica Value Balanced | $ | 37,769 | ||
Transamerica Van Kampen Emerging Markets Debt | $ | — | ||
Transamerica Van Kampen Mid-Cap Growth | $ | 75,451 | ||
Transamerica Van Kampen Small Company Growth | $ | 38,510 | ||
Transamerica WMC Emerging Markets(7) | $ | 74,700 |
54
The estimates above are based upon custody data provided to CAPIS using the following methodology: Total Commissions minus transactions executed at discounted rates and/or directed to the funds’ commission recapture program equals total research commissions. USD transactions executed at $.02 and below and non-USD transactions executed at 8 basis points and below are considered to be executed at discounted rates. For example, Commission paid on USD transactions at rates greater than $.02 per share and not directed for commission recapture are assumed to be paid to brokers that provide research and brokerage services within the scope of Section 28(e) of the Securities and Exchange Act of 1934. | ||
(1) | Transamerica Bjurman, Barry Micro Emerging Growth was liquidated and dissolved on April 24, 2009. | |
(2) | Transamerica BlackRock Natural Resources, Transamerica Loomis Sayles Bond, Transamerica BNY Mellon Market Neutral Strategy and Transamerica UBS Dynamic Alpha commenced operations on January 3, 2007, and as such, there is no historical fee information for fiscal year ended October 31, 2006. | |
(3) | Transamerica JPMorgan Core Bond had not commenced operations prior to the date of this SAI, and as such, there is no historical fee information for the fiscal years ended October 31, 2006, October 31, 2007 and October 31, 2008. | |
(4) | Transamerica Legg Mason Partners Investors Value was liquidated and dissolved on April 3, 2009. | |
(5) | Transamerica Multi-Manager Alternative Strategies Portfolio and Transamerica Third Avenue Value commenced operations on December 28, 2006 and May 1, 2007, respectively, and as such, there is no historical fee information for the fiscal year ended October 31, 2006. | |
(6) | Transamerica Schroders International Small Cap commenced operations on March 1, 2008, and as such, there is no historical fee information for fiscal years ended October 31, 2007 and October 31, 2006. | |
(7) | Transamerica Thornburg International Value and Transamerica WMC Emerging Markets commenced operations on September 15, 2008 and September 30, 2008, respectively, and as such, there is no historical fee information for fiscal years ended October 31, 2007 and October 31, 2006. |
55
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen by | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | 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; | 184 | 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; |
56
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen by | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | 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). | 184 | 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); | 184 | NA | |||||||
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); |
57
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen by | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | 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). | ||||||||||||
Neal M. Jewell (1935) | Board Member | Since 2007 | Retired (2004 – present); | 184 | N/A | |||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (1993 – present); | ||||||||||||
Board Member, Transamerica Funds, TST and TIS (2007 – present); | ||||||||||||
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); | 184 | NA | |||||||
Board Member, TST (1986 – present); | ||||||||||||
Board Member, Transamerica Funds, (1986 – 1990), (2002 – present); | ||||||||||||
Board Member, TIS (2002 – present); | ||||||||||||
Board Member, TPP, TPFG, TPFG II and TAAVF (2007 – present); and | ||||||||||||
Board Member, TII (2008 – present). |
58
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen by | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | Board | Other | ||||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||||
Eugene M. Mannella (1954) | Board Member | Since 2007 | Chief Executive Officer, HedgeServ Corporation (hedge fund administration) (2008 – present); | 184 | 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); | 184 | 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); | ||||||||||||
Director, U.S. Bank (1987 – 2006); and | ||||||||||||
President, Kirkwood Community College (1985 – 2005). |
59
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen by | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | Board | Other | ||||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||||
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); | 184 | 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); | 184 | N/A | |||||||
President/Founder, Smith & Sawyer LLC (management consulting) (1989 – 2007); | ||||||||||||
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). |
60
Number of | ||||||||||||
Funds in | ||||||||||||
Term of | Complex | |||||||||||
Office and | Overseen by | |||||||||||
Position(s) Held | Length of | Principal Occupation(s) During | Board | Other | ||||||||
Name and Age | with Trust | Time Served* | Past 5 Years | Member | Directorships | |||||||
John W. Waechter (1952) | Board Member | Since 2005 | Attorney, Englander & Fischer, P.A. (2008 – present); 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); | 184 | Operation Par, Inc. (2008 – present); West Central Florida Council – Boy Scouts of America (2008 – present) | |||||||
Board Member, TII (2008 – present); | ||||||||||||
Employee, RBC Dain Rauscher (securities dealer) (2004); | ||||||||||||
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. |
61
Term of Office and | ||||||
Length of Time | Principal Occupation(s) or | |||||
Name and Age | Position | 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 (“TFLIC”) (2004 – present); and | ||||||
Treasurer, Diversified Actuarial Services, Inc. (2002 – present). |
62
Term of Office and | ||||||
Length of Time | Principal Occupation(s) or | |||||
Name and Age | Position | Served* | Employment During Past 5 Years | |||
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). |
63
Term of Office and | ||||||
Length of Time | Principal Occupation(s) or | |||||
Name and Age | Position | Served* | Employment During Past 5 Years | |||
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 | |||
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). |
64
Term of Office and | ||||||
Length of Time | Principal Occupation(s) or | |||||
Name and Age | Position | Served* | Employment During Past 5 Years | |||
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. |
65
NUMBER OF | ||||||||
MEETINGS | ||||||||
HELD DURING | ||||||||
LAST FISCAL | ||||||||
YEAR | ||||||||
COMMITTEE | FUNCTIONS | MEMBERS | 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 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. 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. | Patricia L. Sawyer, Chairperson Sandra N. Bane Leo J. Hill Neal M. Jewell Russell A. Kimball, Jr. Eugene M. Mannella Norman R. Nielsen Joyce G. Norden John W. Waechter | 0 |
66
The table below gives the dollar range of shares of the Trust, as well as the aggregate dollar range of shares of all funds/portfolios in the Transamerica Asset Management Group owned by each Trustee as of December 31, 2008.
Dollar Range of Equity | Dollar Range of Equity | Dollar Range of Equity | ||||||||||
Securities in Transamerica | Securities in Transamerica | Securities in Transamerica | ||||||||||
AllianceBernstein | American Century Large | Asset Allocation - | ||||||||||
Name of Trustee | International Value | Company Value | Conservative Portfolio | |||||||||
John K. Carter* | None | None | None | |||||||||
Sandra N. Bane | None | None | None | |||||||||
Leo J. Hill | None | None | None | |||||||||
Neal M. Jewell | None | None | $ | 50,001-$100,000 | ||||||||
Russell A. Kimball, Jr. | None | None | None | |||||||||
Eugene M. Mannella | None | None | None | |||||||||
Norman R. Nielsen | None | None | None | |||||||||
Joyce G. Norden | None | None | None | |||||||||
Patricia L. Sawyer | None | None | None | |||||||||
John W. Waechter | None | None | None | |||||||||
Dollar Range of Equity | Dollar Range of Equity | Dollar Range of Equity | ||||||||||
Securities in Transamerica | Securities in Transamerica | Securities in Transamerica | ||||||||||
Asset Allocation - Growth | Asset Allocation - Moderate | Asset Allocation - Moderate | ||||||||||
Name of Trustee | Portfolio | Portfolio | Growth Portfolio | |||||||||
John K. Carter* | None | None | None | |||||||||
Sandra N. Bane | None | None | None | |||||||||
Leo J. Hill | None | None | None | |||||||||
Neal M. Jewell | None | None | None | |||||||||
Russell A. Kimball, Jr. | $ | 10,001-$50,000 | Over $100,000 | Over $100,000 | ||||||||
Eugene M. Mannella | None | None | None | |||||||||
Norman R. Nielsen | None | None | $ | 50,001-$100,000 | ||||||||
Joyce G. Norden | None | None | None | |||||||||
Patricia L. Sawyer | None | None | None | |||||||||
John W. Waechter | $ | 50,001-$100,000 | None | $ | 50,001-$100,000 | |||||||
Dollar Range of Equity | ||||||||||||
Dollar Range of Equity | Securities Transamerica | Dollar Range of Equity | ||||||||||
Securities in Transamerica | Bjurman, Barry Micro | Securities in Transamerica | ||||||||||
Name of Trustee | Balanced | Emerging Growth(1) | BlackRock Global Allocation | |||||||||
John K. Carter* | None | None | None | |||||||||
Sandra N. Bane | None | None | None | |||||||||
Leo J. Hill | $ | 10,001-$50,000 | None | None | ||||||||
Neal M. Jewell | None | None | None | |||||||||
Russell A. Kimball, Jr. | None | None | None | |||||||||
Eugene M. Mannella | None | None | None | |||||||||
Norman R. Nielsen | $ | 10,001-$50,000 | None | None | ||||||||
Joyce G. Norden | None | None | None | |||||||||
Patricia L. Sawyer | None | None | None | |||||||||
John W. Waechter | None | None | None | |||||||||
Dollar Range of Equity | Dollar Range of Equity | |||||||||||
Dollar Range of Equity | Securities in Transamerica | Securities in Transamerica | ||||||||||
Securities in Transamerica | BlackRock Natural | BNY Mellon Market Neutral | ||||||||||
Name of Trustee | BlackRock Large Cap Value | Resources | Strategy | |||||||||
John K. Carter* | None | None | None | |||||||||
Sandra N. Bane | None | None | None | |||||||||
Leo J. Hill | None | None | None | |||||||||
Neal M. Jewell | None | None | None | |||||||||
Russell A. Kimball, Jr. | None | None | None | |||||||||
Eugene M. Mannella | None | None | None | |||||||||
Norman R. Nielsen | None | None | None | |||||||||
Joyce G. Norden | None | None | None | |||||||||
Patricia L. Sawyer | None | None | None | |||||||||
John W. Waechter | None | None | None |
67
Dollar Range of Equity | ||||||||||||
Securities in Transamerica | Dollar Range of Equity | Dollar Range of Equity | ||||||||||
Clarion Global Real Estate | Securities in Transamerica | Securities in Transamerica | ||||||||||
Name of Trustee | Securities | Convertible Securities | Equity | |||||||||
John K. Carter* | None | None | None | |||||||||
Sandra N. Bane | None | None | None | |||||||||
Leo J. Hill | None | None | $ | 10,001-$50,000 | ||||||||
Neal M. Jewell | None | None | None | |||||||||
Russell A. Kimball, Jr. | None | None | Over $100,000 | |||||||||
Eugene M. Mannella | None | None | None | |||||||||
Norman R. Nielsen | None | None | $ | 10,001-$50,000 | ||||||||
Joyce G. Norden | None | None | None | |||||||||
Patricia L. Sawyer | None | None | None | |||||||||
John W. Waechter | None | None | None | |||||||||
Dollar Range of Equity | Dollar Range of Equity | Dollar Range of Equity | ||||||||||
Security Securities in | Securities in Transamerica | Securities in Transamerica | ||||||||||
Transamerica Evergreen | Evergreen International Small | Federated Market | ||||||||||
Name of Trustee | Health Care | Cap | Opportunity | |||||||||
John K. Carter* | None | None | None | |||||||||
Sandra N. Bane | None | None | None | |||||||||
Leo J. Hill | None | None | None | |||||||||
Neal M. Jewell | None | None | None | |||||||||
Russell A. Kimball, Jr. | None | None | None | |||||||||
Eugene M. Mannella | None | None | None | |||||||||
Norman R. Nielsen | None | None | None | |||||||||
Joyce G. Norden | None | None | None | |||||||||
Patricia L. Sawyer | None | None | None | |||||||||
John W. Waechter | None | None | None | |||||||||
Dollar Range of Equity | Dollar Range of Equity | Dollar Range of Equity | ||||||||||
Securities in Transamerica | Securities in Transamerica | Securities in Transamerica | ||||||||||
Name of Trustee | Flexible Income | Growth Opportunities | High Yield Bond | |||||||||
John K. Carter* | None | None | None | |||||||||
Sandra N. Bane | None | None | None | |||||||||
Leo J. Hill | None | $1-$10,000 | None | |||||||||
Neal M. Jewell | None | None | None | |||||||||
Russell A. Kimball, Jr. | $1-$10,000 | $10,001-$50,000 | $1-$10,000 | |||||||||
Eugene M. Mannella | None | None | None | |||||||||
Norman R. Nielsen | None | None | None | |||||||||
Joyce G. Norden | None | None | None | |||||||||
Patricia L. Sawyer | None | None | None | |||||||||
John W. Waechter | None | None | None | |||||||||
Dollar Range of Equity | Dollar Range of Equity | Dollar Range of Equity | ||||||||||
Securities in Transamerica | Securities in Transamerica | Securities in Transamerica | ||||||||||
Name of Trustee | Jennison Growth | JPMorgan International Bond | JPMorgan Mid Cap Value | |||||||||
John K. Carter* | None | None | None | |||||||||
Sandra N. Bane | None | None | None | |||||||||
Leo J. Hill | None | None | None | |||||||||
Neal M. Jewell | None | None | None | |||||||||
Russell A. Kimball, Jr. | $1-$10,000 | None | None | |||||||||
Eugene M. Mannella | None | None | None | |||||||||
Norman R. Nielsen | None | None | None | |||||||||
Joyce G. Norden | None | None | None | |||||||||
Patricia L. Sawyer | None | None | None | |||||||||
John W. Waechter | None | None | None |
68
Dollar Range of Equity | Dollar Range of Equity | |||||||||||
Securities in Transamerica | Securities in Transamerica | Dollar Range of Equity | ||||||||||
Legg Mason Partners All | Legg Mason Partners | Securities in Transamerica | ||||||||||
Name of Trustee | Cap | Investors Value(2) | Loomis Sayles Bond | |||||||||
John K. Carter* | None | None | None | |||||||||
Sandra N. Bane | None | None | None | |||||||||
Leo J. Hill | $1-$10,000 | $50,001-$100,000 | None | |||||||||
Neal M. Jewell | None | None | None | |||||||||
Russell A. Kimball, Jr. | $10,001-$50,000 | None | None | |||||||||
Eugene M. Mannella | None | None | None | |||||||||
Norman R. Nielsen | None | None | None | |||||||||
Joyce G. Norden | None | None | None | |||||||||
Patricia L. Sawyer | None | None | None | |||||||||
John W. Waechter | None | None | None | |||||||||
Dollar Range of Equity | Dollar Range of Equity | Dollar Range of Equity | ||||||||||
Securities in Transamerica | Securities in Transamerica | Securities in Transamerica | ||||||||||
Name of Trustee | Marsico Growth | Marsico International Growth | MFS International Equity | |||||||||
John K. Carter* | None | None | None | |||||||||
Sandra N. Bane | None | None | None | |||||||||
Leo J. Hill | $1-$10,000 | None | $50,001-$100,000 | |||||||||
Neal M. Jewell | None | None | None | |||||||||
Russell A. Kimball, Jr. | None | None | None | |||||||||
Eugene M. Mannella | None | None | None | |||||||||
Norman R. Nielsen | None | None | None | |||||||||
Joyce G. Norden | None | None | None | |||||||||
Patricia L. Sawyer | None | None | None | |||||||||
John W. Waechter | None | None | None | |||||||||
Dollar Range of Equity | Dollar Range of Equity | |||||||||||
Dollar Range of Equity | Securities in Transamerica | Securities in Transamerica | ||||||||||
Securities in Transamerica | Multi-Manager Alternative | Multi-Manager International | ||||||||||
Name of Trustee | Money Market | Strategies Portfolio | Portfolio | |||||||||
John K. Carter* | None | None | None | |||||||||
Sandra N. Bane | None | None | None | |||||||||
Leo J. Hill | None | None | None | |||||||||
Neal M. Jewell | None | None | None | |||||||||
Russell A. Kimball, Jr. | Over $100,000 | None | None | |||||||||
Eugene M. Mannella | None | None | None | |||||||||
Norman R. Nielsen | None | None | None | |||||||||
Joyce G. Norden | None | None | None | |||||||||
Patricia L. Sawyer | None | None | None | |||||||||
John W. Waechter | None | None | $50,001-$100,000 | |||||||||
Dollar Range of Equity | Dollar Range of Equity | Dollar Range of Equity | ||||||||||
Securities in Transamerica | Securities in Transamerica | Securities in Transamerica | ||||||||||
Neuberger Berman | Oppenheimer Developing | Oppenheimer Small- & Mid | ||||||||||
Name of Trustee | International | Markets | Cap Value | |||||||||
John K. Carter* | None | None | None | |||||||||
Sandra N. Bane | None | None | None | |||||||||
Leo J. Hill | None | None | None | |||||||||
Neal M. Jewell | None | None | None | |||||||||
Russell A. Kimball, Jr. | None | None | None | |||||||||
Eugene M. Mannella | None | None | None | |||||||||
Norman R. Nielsen | None | None | None | |||||||||
Joyce G. Norden | None | None | None | |||||||||
Patricia L. Sawyer | None | None | None | |||||||||
John W. Waechter | None | None | None |
69
Dollar Range of Equity | ||||||
Dollar Range of Equity | Dollar Range of Equity | Securities in Transamerica | ||||
Securities in Transamerica | Securities in Transamerica | Schroders International | ||||
Name of Trustee | PIMCO Real Return TIPS | PIMCO Total Return | Small Cap | |||
John K. Carter* | None | None | None | |||
Sandra N. Bane | None | None | None | |||
Leo J. Hill | None | $10,001-$50,000 | None | |||
Neal M. Jewell | None | None | None | |||
Russell A. Kimball, Jr. | None | None | None | |||
Eugene M. Mannella | None | None | None | |||
Norman R. Nielsen | None | None | None | |||
Joyce G. Norden | None | None | None | |||
Patricia L. Sawyer | None | None | None | |||
John W. Waechter | None | None | None |
Dollar Range of Equity | Dollar Range of Equity | Dollar Range of Equity | ||||
Securities in Transamerica | Securities in Transamerica | Securities in Transamerica | ||||
Name of Trustee | Science & Technology | Short-Term Bond | Small/Mid Cap Value | |||
John K. Carter* | None | None | None | |||
Sandra N. Bane | None | None | None | |||
Leo J. Hill | None | None | None | |||
Neal M. Jewell | None | None | None | |||
Russell A. Kimball, Jr. | $1-$10,000 | None | None | |||
Eugene M. Mannella | None | None | None | |||
Norman R. Nielsen | None | None | None | |||
Joyce G. Norden | None | None | None | |||
Patricia L. Sawyer | None | None | None | |||
John W. Waechter | None | None | None |
Dollar Range of Equity | ||||||
Dollar Range of Equity | Dollar Range of Equity | Securities in Transamerica | ||||
Securities in Transamerica | Securities in Transamerica | Thornburg International | ||||
Name of Trustee | Templeton Global | Third Avenue Value | Value | |||
John K. Carter* | None | None | None | |||
Sandra N. Bane | None | None | None | |||
Leo J. Hill | $10,001-$50,000 | None | None | |||
Neal M. Jewell | None | None | None | |||
Russell A. Kimball, Jr. | $50,001-$100,000 | None | None | |||
Eugene M. Mannella | None | None | None | |||
Norman R. Nielsen | None | None | None | |||
Joyce G. Norden | None | None | None | |||
Patricia L. Sawyer | None | None | None | |||
John W. Waechter | None | None | None |
Dollar Range of Equity | Dollar Range of Equity | Dollar Range of Equity | ||||
Securities in Transamerica | Securities in Transamerica | Securities in Transamerica | ||||
Name of Trustee | UBS Dynamic Alpha | UBS Large Cap Value | Value Balanced | |||
John K. Carter* | None | None | None | |||
Sandra N. Bane | None | None | None | |||
Leo J. Hill | None | None | $10,001-$50,000 | |||
Neal M. Jewell | None | None | None | |||
Russell A. Kimball, Jr. | None | None | $50,001-$100,000 | |||
Eugene M. Mannella | None | None | None | |||
Norman R. Nielsen | None | None | None | |||
Joyce G. Norden | None | None | None | |||
Patricia L. Sawyer | None | None | None | |||
John W. Waechter | None | None | None |
70
Dollar Range of Equity | Dollar Range of Equity | Dollar Range of Equity | ||||
Securities in Transamerica | Securities in Transamerica | Securities in Transamerica | ||||
Van Kampen Emerging | Van Kampen Mid-Cap | Van Kampen Small Company | ||||
Name of Trustee | Markets Debt | Growth | Growth | |||
John K. Carter* | None | None | None | |||
Sandra N. Bane | None | None | None | |||
Leo J. Hill | None | None | None | |||
Neal M. Jewell | None | None | None | |||
Russell A. Kimball, Jr. | None | None | None | |||
Eugene M. Mannella | None | None | None | |||
Norman R. Nielsen | None | None | None | |||
Joyce G. Norden | None | None | None | |||
Patricia L. Sawyer | None | None | None | |||
John W. Waechter | None | None | None |
Aggregate Dollar Range of | ||||
Dollar Range of Equity | Equity Securities in | |||
Securities in Transamerica | Transamerica Asset | |||
Name of Trustee | WMC Emerging Markets | Management Group | ||
John K. Carter* | None | Over $100,000 | ||
Sandra N. Bane | None | None | ||
Leo J. Hill | None | Over $100,000 | ||
Neal M. Jewell | None | Over $100,000 | ||
Russell A. Kimball, Jr. | None | Over $100,000 | ||
Eugene M. Mannella | None | None | ||
Norman R. Nielsen | None | Over $100,000 | ||
Joyce G. Norden | None | None | ||
Patricia L. Sawyer | None | None | ||
John W. Waechter | None | Over $100,000 |
* | Interested person under the 1940 Act by virtue of his position with TAM and its affiliates. | |
(1) | Transamerica Bjurman, Barry Micro Emerging Growth was liquidated and dissolved on April 24, 2009. | |
(2) | Transamerica Legg Mason Partners Investors Value was liquidated and dissolved on April 3, 2009. | |
Note: | Information is not shown for Transamerica JPMorgan Core Bond as it had not commenced operations prior to the date of this SAI. |
71
Aggregate Compensation | Aggregate Compensation | Aggregate Compensation | ||||||||||
from Transamerica | from Transamerica | from Transamerica Asset | ||||||||||
AllianceBernstein | American Century Large | Allocation - Conservative | ||||||||||
Name of Trustee | International Value | Company Value | Portfolio | |||||||||
Sandra N. Bane | $ | 406 | $ | 522 | $ | 628 | ||||||
Leo J. Hill | $ | 790 | $ | 1,016 | $ | 1,223 | ||||||
Neal M. Jewell | $ | 835 | $ | 1,074 | $ | 1,293 | ||||||
Russell A. Kimball, Jr. | $ | 790 | $ | 1,016 | $ | 1,223 | ||||||
Eugene M. Mannella | $ | 681 | $ | 876 | $ | 1,055 | ||||||
Norman R. Nielsen | $ | 790 | $ | 1,016 | $ | 1,223 | ||||||
Joyce G. Norden | $ | 681 | $ | 876 | $ | 1,055 | ||||||
Patricia L. Sawyer | $ | 729 | $ | 937 | $ | 1,129 | ||||||
John W. Waechter | $ | 808 | $ | 1,039 | $ | 1,251 | ||||||
Aggregate Compensation | Aggregate Compensation | Aggregate Compensation | ||||||||||
from Transamerica Asset | from Transamerica Asset | from Transamerica Asset | ||||||||||
Allocation - Growth | Allocation - Moderate | Allocation - Moderate | ||||||||||
Name of Trustee | Portfolio | Portfolio | Growth Portfolio | |||||||||
Sandra N. Bane | $ | 1,822 | $ | 1,756 | $ | 3,162 | ||||||
Leo J. Hill | $ | 3,548 | $ | 3,420 | $ | 6,158 | ||||||
Neal M. Jewell | $ | 3,752 | $ | 3,616 | $ | 6,511 | ||||||
Russell A. Kimball, Jr. | $ | 3,548 | $ | 3,420 | $ | 6,158 | ||||||
Eugene M. Mannella | $ | 3,061 | $ | 2,950 | $ | 5,313 | ||||||
Norman R. Nielsen | $ | 3,548 | $ | 3,420 | $ | 6,158 | ||||||
Joyce G. Norden | $ | 3,061 | $ | 2,950 | $ | 5,313 | ||||||
Patricia L. Sawyer | $ | 3,274 | $ | 3,156 | $ | 5,682 | ||||||
John W. Waechter | $ | 3,629 | $ | 3,498 | $ | 6,298 | ||||||
Aggregate Compensation | Aggregate Compensation | |||||||||||
Aggregate Compensation | from Transamerica | from Transamerica | ||||||||||
from Transamerica | Bjurman, Barry Micro | BlackRock Global | ||||||||||
Name of Trustee | Balanced | Emerging Growth(1) | Allocation | |||||||||
Sandra N. Bane | $ | 133 | $ | 69 | $ | 420 | ||||||
Leo J. Hill | $ | 259 | $ | 135 | $ | 818 | ||||||
Neal M. Jewell | $ | 274 | $ | 142 | $ | 865 | ||||||
Russell A. Kimball, Jr. | $ | 259 | $ | 135 | $ | 818 | ||||||
Eugene M. Mannella | $ | 223 | $ | 116 | $ | 706 | ||||||
Norman R. Nielsen | $ | 259 | $ | 135 | $ | 818 | ||||||
Joyce G. Norden | $ | 223 | $ | 116 | $ | 706 | ||||||
Patricia L. Sawyer | $ | 239 | $ | 124 | $ | 755 | ||||||
John W. Waechter | $ | 265 | $ | 138 | $ | 837 | ||||||
Aggregate Compensation | Aggregate Compensation | |||||||||||
Aggregate Compensation | from Transamerica | from Transamerica BNY | ||||||||||
from Transamerica | BlackRock Natural | Mellon Market Neutral | ||||||||||
Name of Trustee | BlackRock Large Cap Value | Resources | Strategy | |||||||||
Sandra N. Bane | $ | 470 | $ | 135 | $ | 99 | ||||||
Leo J. Hill | $ | 914 | $ | 262 | $ | 192 | ||||||
Neal M. Jewell | $ | 967 | $ | 277 | $ | 203 | ||||||
Russell A. Kimball, Jr. | $ | 914 | $ | 262 | $ | 192 | ||||||
Eugene M. Mannella | $ | 789 | $ | 226 | $ | 166 | ||||||
Norman R. Nielsen | $ | 914 | $ | 262 | $ | 192 | ||||||
Joyce G. Norden | $ | 789 | $ | 226 | $ | 166 | ||||||
Patricia L. Sawyer | $ | 844 | $ | 242 | $ | 177 | ||||||
John W. Waechter | $ | 935 | $ | 268 | $ | 196 |
72
Aggregate Compensation | ||||||||||||
from Transamerica Clarion | Aggregate Compensation | |||||||||||
Global Real Estate | from Transamerica | Aggregate Compensation | ||||||||||
Name of Trustee | Securities | Convertible Securities | from Transamerica Equity | |||||||||
Sandra N. Bane | $ | 284 | $ | 133 | $ | 1,363 | ||||||
Leo J. Hill | $ | 553 | $ | 259 | $ | 2,655 | ||||||
Neal M. Jewell | $ | 585 | $ | 274 | $ | 2,807 | ||||||
Russell A. Kimball, Jr. | $ | 553 | $ | 259 | $ | 2,655 | ||||||
Eugene M. Mannella | $ | 477 | $ | 224 | $ | 2,290 | ||||||
Norman R. Nielsen | $ | 553 | $ | 259 | $ | 2,655 | ||||||
Joyce G. Norden | $ | 477 | $ | 224 | $ | 2,290 | ||||||
Patricia L. Sawyer | $ | 510 | $ | 239 | $ | 2,450 | ||||||
John W. Waechter | $ | 566 | $ | 265 | $ | 2,715 | ||||||
Aggregate Compensation | Aggregate Compensation | |||||||||||
Aggregate Compensation | from Transamerica | from Transamerica | ||||||||||
from Transamerica | Evergreen International | Federated Market | ||||||||||
Name of Trustee | Evergreen Health Care | Small Cap | Opportunity | |||||||||
Sandra N. Bane | $ | 260 | $ | 455 | $ | 56 | ||||||
Leo J. Hill | $ | 506 | $ | 887 | $ | 109 | ||||||
Neal M. Jewell | $ | 535 | $ | 938 | $ | 115 | ||||||
Russell A. Kimball, Jr. | $ | 506 | $ | 887 | $ | 109 | ||||||
Eugene M. Mannella | $ | 436 | $ | 765 | $ | 94 | ||||||
Norman R. Nielsen | $ | 506 | $ | 887 | $ | 109 | ||||||
Joyce G. Norden | $ | 436 | $ | 765 | $ | 94 | ||||||
Patricia L. Sawyer | $ | 467 | $ | 818 | $ | 100 | ||||||
John W. Waechter | $ | 517 | $ | 907 | $ | 111 | ||||||
Aggregate Compensation | Aggregate Compensation | Aggregate Compensation | ||||||||||
from Transamerica Flexible | from Transamerica Growth | from Transamerica High | ||||||||||
Name of Trustee | Income | Opportunities | Yield Bond | |||||||||
Sandra N. Bane | $ | 326 | $ | 245 | $ | 348 | ||||||
Leo J. Hill | $ | 635 | $ | 478 | $ | 679 | ||||||
Neal M. Jewell | $ | 671 | $ | 505 | $ | 717 | ||||||
Russell A. Kimball, Jr. | $ | 635 | $ | 478 | $ | 679 | ||||||
Eugene M. Mannella | $ | 548 | $ | 412 | $ | 585 | ||||||
Norman R. Nielsen | $ | 635 | $ | 478 | $ | 679 | ||||||
Joyce G. Norden | $ | 548 | $ | 412 | $ | 585 | ||||||
Patricia L. Sawyer | $ | 586 | $ | 441 | $ | 626 | ||||||
John W. Waechter | $ | 649 | $ | 489 | $ | 694 | ||||||
Aggregate Compensation | ||||||||||||
Aggregate Compensation | from Transamerica | Aggregate Compensation | ||||||||||
from Transamerica | JPMorgan International | from Transamerica | ||||||||||
Name of Trustee | Jennison Growth | Bond | JPMorgan Mid Cap Value | |||||||||
Sandra N. Bane | $ | 164 | $ | 661 | $ | 204 | ||||||
Leo J. Hill | $ | 319 | $ | 1,286 | $ | 397 | ||||||
Neal M. Jewell | $ | 337 | $ | 1,360 | $ | 419 | ||||||
Russell A. Kimball, Jr. | $ | 319 | $ | 1,286 | $ | 397 | ||||||
Eugene M. Mannella | $ | 275 | $ | 1,110 | $ | 342 | ||||||
Norman R. Nielsen | $ | 319 | $ | 1,286 | $ | 397 | ||||||
Joyce G. Norden | $ | 275 | $ | 1,110 | $ | 342 | ||||||
Patricia L. Sawyer | $ | 294 | $ | 1,187 | $ | 366 | ||||||
John W. Waechter | $ | 326 | $ | 1,316 | $ | 406 |
73
Aggregate Compensation | ||||||||||||
Aggregate Compensation | from Transamerica Legg | Aggregate Compensation | ||||||||||
from Transamerica Legg | Mason Partners Investors | from Transamerica Loomis | ||||||||||
Name of Trustee | Mason Partners All Cap | Value(2) | Sayles Bond | |||||||||
Sandra N. Bane | $ | 114 | $ | 60 | $ | 509 | ||||||
Leo J. Hill | $ | 222 | $ | 118 | $ | 992 | ||||||
Neal M. Jewell | $ | 235 | $ | 124 | $ | 1,049 | ||||||
Russell A. Kimball, Jr. | $ | 222 | $ | 118 | $ | 992 | ||||||
Eugene M. Mannella | $ | 192 | $ | 101 | $ | 856 | ||||||
Norman R. Nielsen | $ | 222 | $ | 118 | $ | 992 | ||||||
Joyce G. Norden | $ | 192 | $ | 101 | $ | 856 | ||||||
Patricia L. Sawyer | $ | 205 | $ | 108 | $ | 915 | ||||||
John W. Waechter | $ | 227 | $ | 120 | $ | 1,014 | ||||||
Aggregate Compensation | Aggregate Compensation | Aggregate Compensation | ||||||||||
from Transamerica Marsico | from Transamerica Marsico | from Transamerica MFS | ||||||||||
Name of Trustee | Growth | International Growth | International Equity | |||||||||
Sandra N. Bane | $ | 345 | $ | 504 | $ | 20 | ||||||
Leo J. Hill | $ | 673 | $ | 982 | $ | 39 | ||||||
Neal M. Jewell | $ | 711 | $ | 1,038 | $ | 41 | ||||||
Russell A. Kimball, Jr. | $ | 673 | $ | 982 | $ | 39 | ||||||
Eugene M. Mannella | $ | 580 | $ | 847 | $ | 33 | ||||||
Norm R. Nielsen | $ | 673 | $ | 982 | $ | 39 | ||||||
Joyce G. Norden | $ | 580 | $ | 847 | $ | 33 | ||||||
Patricia L. Sawyer | $ | 621 | $ | 906 | $ | 36 | ||||||
John W. Waechter | $ | 688 | $ | 1,004 | $ | 39 | ||||||
Aggregate Compensation | Aggregate Compensation | |||||||||||
Aggregate Compensation | from Transamerica Multi- | from Transamerica Multi- | ||||||||||
from Transamerica Money | Manager Alternative | Manager International | ||||||||||
Name of Trustee | Market | Strategies Portfolio | Portfolio | |||||||||
Sandra N. Bane | $ | 157 | $ | 123 | $ | 376 | ||||||
Leo J. Hill | $ | 306 | $ | 239 | $ | 733 | ||||||
Neal M. Jewell | $ | 323 | $ | 253 | $ | 775 | ||||||
Russell A. Kimball, Jr. | $ | 306 | $ | 239 | $ | 733 | ||||||
Eugene M. Mannella | $ | 264 | $ | 206 | $ | 632 | ||||||
Norman R. Nielsen | $ | 306 | $ | 239 | $ | 733 | ||||||
Joyce G. Norden | $ | 264 | $ | 206 | $ | 632 | ||||||
Patricia L. Sawyer | $ | 282 | $ | 221 | $ | 676 | ||||||
John W. Waechter | $ | 313 | $ | 245 | $ | 749 | ||||||
Aggregate Compensation | Aggregate Compensation | |||||||||||
Aggregate Compensation | from Transamerica | from Transamerica | ||||||||||
Transamerica Neuberger | Oppenheimer Developing | Oppenheimer Small- & Mid- | ||||||||||
Name of Trustee | Berman International | Markets | Cap Value | |||||||||
Sandra N. Bane | $ | 474 | $ | 522 | $ | 152 | ||||||
Leo J. Hill | $ | 924 | $ | 1,017 | $ | 295 | ||||||
Neal M. Jewell | $ | 977 | $ | 1,076 | $ | 312 | ||||||
Russell A. Kimball, Jr. | $ | 924 | $ | 1,017 | $ | 295 | ||||||
Eugene M. Mannella | $ | 797 | $ | 878 | $ | 255 | ||||||
Norman R. Nielsen | $ | 924 | $ | 1,017 | $ | 295 | ||||||
Joyce G. Norden | $ | 797 | $ | 878 | $ | 255 | ||||||
Patricia L. Sawyer | $ | 852 | $ | 939 | $ | 272 | ||||||
John W. Waechter | $ | 945 | $ | 1,041 | $ | 302 |
74
Aggregate Compensation | ||||||||||||
Aggregate Compensation | Aggregate Compensation | from Transamerica | ||||||||||
from Transamerica PIMCO | from Transamerica PIMCO | Schroders International | ||||||||||
Name of Trustee | Real Return TIPS | Total Return | Small Cap | |||||||||
Sandra N. Bane | $ | 607 | $ | 472 | $ | 64 | ||||||
Leo J. Hill | $ | 1,182 | $ | 919 | $ | 125 | ||||||
Neal M. Jewell | $ | 1,250 | $ | 972 | $ | 132 | ||||||
Russell A. Kimball, Jr. | $ | 1,182 | $ | 919 | $ | 125 | ||||||
Eugene M. Mannella | $ | 1,020 | $ | 793 | $ | 108 | ||||||
Norman R. Nielsen | $ | 1,182 | $ | 919 | $ | 125 | ||||||
Joyce G. Norden | $ | 1,020 | $ | 793 | $ | 108 | ||||||
Patricia L. Sawyer | $ | 1,091 | $ | 848 | $ | 115 | ||||||
John W. Waechter | $ | 1,209 | $ | 940 | $ | 127 | ||||||
Aggregate Compensation | Aggregate Compensation | Aggregate Compensation | ||||||||||
from Transamerica Science | from Transamerica Short- | from Transamerica | ||||||||||
Name of Trustee | & Technology | Term Bond | Small/Mid Cap Value | |||||||||
Sandra N. Bane | $ | 70 | $ | 466 | $ | 611 | ||||||
Leo J. Hill | $ | 137 | $ | 908 | $ | 1,190 | ||||||
Neal M. Jewell | $ | 145 | $ | 960 | $ | 1,258 | ||||||
Russell A. Kimball, Jr. | $ | 137 | $ | 908 | $ | 1,190 | ||||||
Eugene M. Mannella | $ | 118 | $ | 783 | $ | 1,026 | ||||||
Norman R. Nielsen | $ | 137 | $ | 908 | $ | 1,190 | ||||||
Joyce G. Norden | $ | 118 | $ | 783 | $ | 1,026 | ||||||
Patricia L. Sawyer | $ | 126 | $ | 838 | $ | 1,098 | ||||||
John W. Waechter | $ | 140 | $ | 928 | $ | 1,217 | ||||||
Aggregate Compensation | ||||||||||||
Aggregate Compensation | Aggregate Compensation | from Transamerica | ||||||||||
from Transamerica | from Transamerica Third | Thornburg International | ||||||||||
Name of Trustee | Templeton Global | Avenue Value | Value(3) | |||||||||
Sandra N. Bane | $ | 163 | $ | 495 | $ | 0 | ||||||
Leo J. Hill | $ | 318 | $ | 963 | $ | 0 | ||||||
Neal M. Jewell | $ | 336 | $ | 1,018 | $ | 0 | ||||||
Russell A. Kimball, Jr. | $ | 318 | $ | 963 | $ | 0 | ||||||
Eugene M. Mannella | $ | 275 | $ | 831 | $ | 0 | ||||||
Norman R. Nielsen | $ | 318 | $ | 963 | $ | 0 | ||||||
Joyce G. Norden | $ | 275 | $ | 831 | $ | 0 | ||||||
Patricia L. Sawyer | $ | 294 | $ | 889 | $ | 0 | ||||||
John W. Waechter | $ | 325 | $ | 985 | $ | 0 | ||||||
Aggregate Compensation | Aggregate Compensation | Aggregate Compensation | ||||||||||
from Transamerica UBS | from Transamerica UBS | from Transamerica Value | ||||||||||
Name of Trustee | Dynamic Alpha | Large Cap Value | Balanced | |||||||||
Sandra N. Bane | $ | 173 | $ | 657 | $ | 42 | ||||||
Leo J. Hill | $ | 338 | $ | 1,279 | $ | 82 | ||||||
Neal M. Jewell | $ | 357 | $ | 1,353 | $ | 87 | ||||||
Russell A. Kimball, Jr. | $ | 338 | $ | 1,279 | $ | 82 | ||||||
Eugene M. Mannella | $ | 291 | $ | 1,104 | $ | 71 | ||||||
Norman R. Nielsen | $ | 338 | $ | 1,279 | $ | 82 | ||||||
Joyce G. Norden | $ | 291 | $ | 1,104 | $ | 71 | ||||||
Patricia L. Sawyer | $ | 312 | $ | 1,180 | $ | 76 | ||||||
John W. Waechter | $ | 345 | $ | 1,308 | $ | 84 |
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Aggregate Compensation | Aggregate Compensation | |||||||||||
from Transamerica Van | Aggregate Compensation | from Transamerica Van | ||||||||||
Kampen Emerging Markets | from Transamerica Van | Kampen Small Company | ||||||||||
Name of Trustee | Debt | Kampen Mid-Cap Growth | Growth | |||||||||
Sandra N. Bane | $ | 276 | $ | 112 | $ | 133 | ||||||
Leo J. Hill | $ | 537 | $ | 218 | $ | 259 | ||||||
Neal M. Jewell | $ | 568 | $ | 230 | $ | 274 | ||||||
Russell A. Kimball, Jr. | $ | 537 | $ | 218 | $ | 259 | ||||||
Eugene M. Mannella | $ | 463 | $ | 188 | $ | 223 | ||||||
Norman R. Nielsen | $ | 537 | $ | 218 | $ | 259 | ||||||
Joyce G. Norden | $ | 463 | $ | 188 | $ | 223 | ||||||
Patricia L. Sawyer | $ | 495 | $ | 201 | $ | 239 | ||||||
John W. Waechter | $ | 549 | $ | 223 | $ | 265 |
Aggregate Compensation | ||
from Transamerica WMC | ||
Name of Trustee | Emerging Markets(3) | |
Sandra N. Bane | $0 | |
Leo J. Hill | $0 | |
Neal M. Jewell | $0 | |
Russell A. Kimball, Jr. | $0 | |
Eugene M. Mannella | $0 | |
Norman R. Nielsen | $0 | |
Joyce G. Norden | $0 | |
Patricia L. Sawyer | $0 | |
John W. Waechter | $0 |
Pension or Retirement | Total Compensation Paid to | |||
Benefits Accrued as Part of | Trustees from Fund Asset | |||
Name of Trustee | Fund Expenses | Management Group(4) | ||
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) | Transamerica Bjurman, Barry Micro Emerging Growth was liquidated and dissolved on April 24, 2009. | |
(2) | Transamerica Legg Mason Partners Investors Value was liquidated and dissolved on April 3, 2009. | |
(3) | Transamerica Thornburg International Value and Transamerica WMC Emerging Markets commenced operations on September 15, 2008 and September 30, 2008, respectively, and as such, there were no compensation amounts paid to the Independent Trustees as of October 31, 2008. | |
(4) | Of this aggregate compensation, the total amounts deferred from the funds 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. | |
Note: | Information is not shown for Transamerica JPMorgan Core Bond as it had not commenced operations prior to the date of this SAI. |
Transamerica Funds
c/o Secretary
570 Carillon Parkway
St. Petersburg, Florida 33716
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(all funds except Transamerica Flexible Income, Transamerica High Yield Bond, Transamerica Convertible Securities, Transamerica Money Market and Transamerica Short-Term Bond)
Reallowance to Dealers as a | ||||
Amount of Purchase | Percent 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 | %* |
(Transamerica Flexible Income, Transamerica High Yield Bond and Transamerica Convertible Securities)
Reallowance to Dealers as a | ||||
Amount of Purchase | Percent of Offering Price | |||
Under $50 Thousand | 4.00 | % | ||
$50 Thousand to under $100 Thousand | 3.25 | % | ||
$100 Thousand to under $250 Thousand | 2.75 | % | ||
$250 Thousand to under $500 Thousand | 1.75 | % | ||
$500 Thousand to under $1 Million | 1.00 | % | ||
For purchases of $1 Million and above: | ||||
$1 Million to under $5 Million | 0.50 | %* | ||
$5 Million and above | Plus 0.25 | %* |
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(Transamerica Short-Term Bond)
Reallowance to Dealers as a | ||||
Amount of Purchase | Percent of Offering Price | |||
Under $500 Thousand | 2.00 | % | ||
$500 Thousand to under $750 Thousand | 1.60 | % | ||
$750 Thousand to under $1 Million | 1.20 | % | ||
For purchases of $1 Million and above: | ||||
$1 Million to under $5 million | 0.50 | % | ||
$5 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 | ||
Amount of Purchase | Percent of Offering Price | |
All purchases | 4.00%* |
Reallowance to Dealers as a | ||
Amount of Purchase | Percent of Offering Price | |
All purchases | 1.00%**(a) |
(Transamerica Equity)
Reallowance to Dealers as a | ||
Amount of Purchase | Percent of Offering Price | |
Under $10,000 | 7.00% | |
$10,000 to under $25,000 | 6.25% | |
$25,000 to under $50,000 | 5.50% | |
$50,000 to under $75,000 | 5.00% | |
$75,000 to under $100,000 | 4.25% | |
$100,000 to under $250,000 | 3.75% | |
$250,000 to under $500,000 | 2.50% | |
$500,000 to under $1,000,000 | 1.00% | |
$1,000,000 and over | 1.00% |
* | 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. | |
(a) | All shares designated as Class C2 shares on March 1, 2004 were converted to Class C shares on June 15, 2004. On September 24, 2004, Class M shares were converted into Class C shares. |
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• | 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 of a fund or a class of shares that 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 | ||
• | The cost of preparing, printing and distributing sales literature and advertising materials. |
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Class A | Class B | Class C | Class R | |||||||||||||
Promotion and Distribution Expenses | ||||||||||||||||
Compensation to dealers | $ | 827,354 | $ | 1,032,289 | $ | 4,189,623 | $ | 2,853 | ||||||||
Compensation to sales personnel | 692,562 | 157,382 | 877,242 | 5,131 | ||||||||||||
Printing and postage | 107,191 | 24,584 | 135,441 | 753 | ||||||||||||
Promotional expenses | 83,831 | 18,551 | 105,606 | 711 | ||||||||||||
Travel | 85,558 | 19,551 | 108,803 | 621 | ||||||||||||
Office and other expenses | 387,268 | 88,113 | 490,375 | 2,803 | ||||||||||||
TOTALS | $ | 2,183,764 | $ | 1,340,470 | $ | 5,907,090 | $ | 12,872 |
Class A | Class B | Class C | Class R | |||||||||||||
Promotion and Distribution Expenses | ||||||||||||||||
Compensation to dealers | $ | 1,676,336 | $ | 2,033,224 | $ | 10,498,637 | $ | 3,070 | ||||||||
Compensation to sales personnel | 1,175,480 | 302,318 | 1,512,075 | 5,162 | ||||||||||||
Printing and postage | 190,860 | 49,800 | 247,375 | 816 | ||||||||||||
Promotional expenses | 137,055 | 34,359 | 172,350 | 582 | ||||||||||||
Travel | 144,318 | 37,189 | 186,365 | 646 | ||||||||||||
Office and other expenses | 652,641 | 167,932 | 841,060 | 2,909 | ||||||||||||
TOTALS | $ | 3,976,690 | $ | 2,624,822 | $ | 13,457,862 | $ | 13,185 |
Class A | Class B | Class C | Class R | |||||||||||||
Promotion and Distribution Expenses | ||||||||||||||||
Compensation to dealers | $ | 1,683,748 | $ | 2,092,870 | $ | 11,024,010 | $ | 1,815 | ||||||||
Compensation to sales personnel | 1,266,845 | 313,710 | 1,751,954 | 2,727 | ||||||||||||
Printing and postage | 199,491 | 50,293 | 280,198 | 463 | ||||||||||||
Promotional expenses | 151,622 | 36,331 | 202,827 | 276 | ||||||||||||
Travel | 156,042 | 38,764 | 216,806 | 344 | ||||||||||||
Office and other expenses | 706,562 | 175,159 | 978,199 | 1,524 | ||||||||||||
TOTALS | $ | 4,164,310 | $ | 2,707,127 | $ | 14,453,994 | $ | 7,149 |
Class A | Class B | Class C | Class R | |||||||||||||
Promotion and Distribution Expenses | ||||||||||||||||
Compensation to dealers | $ | 2,837,054 | $ | 3,795,399 | $ | 19,066,000 | $ | 5,952 | ||||||||
Compensation to sales personnel | 2,019,600 | 570,713 | 3,047,276 | 7,669 | ||||||||||||
Printing and postage | 322,911 | 92,279 | 493,078 | 1,219 | ||||||||||||
Promotional expenses | 237,255 | 65,861 | 349,782 | 864 | ||||||||||||
Travel | 248,813 | 70,402 | 376,632 | 950 | ||||||||||||
Office and other expenses | 1,125,021 | 317,825 | 1,696,717 | 4,370 | ||||||||||||
TOTALS | $ | 6,790,654 | $ | 4,912,479 | $ | 25,029,485 | $ | 21,024 |
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 101,938 | $ | 186,583 | $ | 235,754 | ||||||
Compensation to sales personnel | 33,871 | 28,290 | 16,573 | |||||||||
Printing and postage | 5,465 | 4,629 | 2,733 | |||||||||
Promotional expenses | 3,965 | 3,276 | 1,900 | |||||||||
Travel | 4,163 | 3,467 | 2,031 | |||||||||
Office and other expenses | 18,831 | 15,716 | 9,202 | |||||||||
TOTALS | $ | 168,233 | $ | 241,961 | $ | 268,193 |
80
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 212,709 | $ | 0 | $ | 911,524 | ||||||
Compensation to sales personnel | 465,378 | 0 | 338,660 | |||||||||
Printing and postage | 73,201 | 0 | 53,957 | |||||||||
Promotional expenses | 54,091 | 0 | 39,858 | |||||||||
Travel | 58,102 | 0 | 41,842 | |||||||||
Office and other expenses | 259,401 | 0 | 188,193 | |||||||||
TOTALS | $ | 1,122,882 | $ | 0 | $ | 1,574,034 |
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 449,662 | $ | 279,129 | $ | 1,884,301 | ||||||
Compensation to sales personnel | 430,336 | 41,708 | 368,029 | |||||||||
Printing and postage | 70,110 | 7,137 | 63,632 | |||||||||
Promotional expenses | 50,715 | 4,727 | 41,170 | |||||||||
Travel | 52,512 | 5,040 | 44,481 | |||||||||
Office and other expenses | 238,761 | 23,031 | 202,819 | |||||||||
TOTALS | $ | 1,292,096 | $ | 360,772 | $ | 2,604,432 |
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 267,759 | $ | 124,674 | $ | 195,401 | ||||||
Compensation to sales personnel | 82,326 | 16,979 | 15,134 | |||||||||
Printing and postage | 13,134 | 2,800 | 2,475 | |||||||||
Promotional expenses | 9,745 | 1,956 | 1,735 | |||||||||
Travel | 10,138 | 2,071 | 1,861 | |||||||||
Office and other expenses | 45,758 | 9,463 | 8,420 | |||||||||
TOTALS | $ | 428,860 | $ | 157,943 | $ | 225,026 |
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 152,035 | $ | 196,831 | $ | 246,884 | ||||||
Compensation to sales personnel | 48,829 | 27,641 | 17,444 | |||||||||
Printing and postage | 7,710 | 4,505 | 2,854 | |||||||||
Promotional expenses | 5,801 | 3,191 | 1,991 | |||||||||
Travel | 6,031 | 3,390 | 2,149 | |||||||||
Office and other expenses | 27,189 | 15,417 | 9,705 | |||||||||
TOTALS | $ | 247,595 | $ | 250,975 | $ | 281,027 |
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 31,790 | $ | 31,833 | $ | 107,398 | ||||||
Compensation to sales personnel | 55,687 | 4,542 | 35,733 | |||||||||
Printing and postage | 9,050 | 769 | 5,525 | |||||||||
Promotional expenses | 6,272 | 495 | 4,312 | |||||||||
Travel | 6,896 | 556 | 4,362 | |||||||||
Office and other expenses | 31,161 | 2,547 | 20,391 | |||||||||
TOTALS | $ | 140,856 | $ | 40,742 | $ | 177,721 |
81
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 1,136,032 | $ | 452,037 | $ | 725,424 | ||||||
Compensation to sales personnel | 432,327 | 62,596 | 63,625 | |||||||||
Printing and postage | 70,084 | 10,225 | 10,392 | |||||||||
Promotional expenses | 50,087 | 7,227 | 7,411 | |||||||||
Travel | 53,232 | 7,677 | 7,770 | |||||||||
Office and other expenses | 240,298 | 34,839 | 35,447 | |||||||||
TOTALS | $ | 1,982,060 | $ | 574,601 | $ | 850,069 |
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 38,957 | $ | 38,431 | $ | 73,934 | ||||||
Compensation to sales personnel | 16,121 | 5,402 | 7,543 | |||||||||
Printing and postage | 2,449 | 898 | 1,217 | |||||||||
Promotional expenses | 2,034 | 613 | 887 | |||||||||
Travel | 1,972 | 662 | 925 | |||||||||
Office and other expenses | 9,034 | 2,996 | 4,195 | |||||||||
TOTALS | $ | 70,567 | $ | 49,002 | $ | 88,701 |
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 135,691 | $ | 153,314 | $ | 162,875 | ||||||
Compensation to sales personnel | 47,262 | 21,150 | 11,772 | |||||||||
Printing and postage | 7,593 | 3,450 | 1,936 | |||||||||
Promotional expenses | 5,584 | 2,446 | 1,364 | |||||||||
Travel | 5,808 | 2,593 | 1,439 | |||||||||
Office and other expenses | 26,221 | 11,782 | 6,532 | |||||||||
TOTALS | $ | 228,159 | $ | 194,735 | $ | 185,918 |
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 83,980 | $ | 43,519 | $ | 67,754 | ||||||
Compensation to sales personnel | 53,688 | 7,194 | 6,338 | |||||||||
Printing and postage | 8,240 | 1,121 | 1,055 | |||||||||
Promotional expenses | 6,930 | 895 | 734 | |||||||||
Travel | 6,528 | 879 | 771 | |||||||||
Office and other expenses | 29,628 | 3,990 | 3,506 | |||||||||
TOTALS | $ | 188,994 | $ | 57,598 | $ | 80,158 |
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 284,495 | $ | 134,589 | $ | 306,560 | ||||||
Compensation to sales personnel | 76,272 | 19,189 | 29,151 | |||||||||
Printing and postage | 11,819 | 3,007 | 4,143 | |||||||||
Promotional expenses | 9,267 | 2,262 | 3,928 | |||||||||
Travel | 9,422 | 2,375 | 3,593 | |||||||||
Office and other expenses | 42,511 | 10,769 | 16,247 | |||||||||
TOTALS | $ | 433,786 | $ | 172,191 | $ | 363,622 |
82
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 15,429 | $ | 12,502 | $ | 21,016 | ||||||
Compensation to sales personnel | 9,897 | 1,808 | 2,564 | |||||||||
Printing and postage | 1,745 | 305 | 428 | |||||||||
Promotional expenses | 1,147 | 209 | 308 | |||||||||
Travel | 1,173 | 220 | 307 | |||||||||
Office and other expenses | 5,388 | 990 | 1,414 | |||||||||
TOTALS | $ | 34,779 | $ | 16,034 | $ | 26,037 |
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 3,886 | $ | 0 | $ | 24,276 | ||||||
Compensation to sales personnel | 9,262 | 0 | 7,357 | |||||||||
Printing and postage | 1,370 | 0 | 1,009 | |||||||||
Promotional expenses | 1,169 | 0 | 1,052 | |||||||||
Travel | 1,153 | 0 | 895 | |||||||||
Office and other expenses | 5,162 | 0 | 4,101 | |||||||||
TOTALS | $ | 22,002 | $ | 0 | $ | 38,690 |
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 502,248 | $ | 686,016 | $ | 1,367,665 | ||||||
Compensation to sales personnel | 1,684,994 | 121,222 | 523,832 | |||||||||
Printing and postage | 250,065 | 18,427 | 82,014 | |||||||||
Promotional expenses | 214,016 | 14,922 | 61,576 | |||||||||
Travel | 209,532 | 15,103 | 65,525 | |||||||||
Office and other expenses | 934,428 | 67,168 | 290,172 | |||||||||
TOTALS | $ | 3,795,283 | $ | 922,858 | $ | 2,390,784 |
Class A | Class B | Class C | ||||||||||
Promotion and Distribution Expenses | ||||||||||||
Compensation to dealers | $ | 67,225 | $ | 36,951 | $ | 77,352 | ||||||
Compensation to sales personnel | 20,772 | 5,248 | 5,675 | |||||||||
Printing and postage | 3,322 | 855 | 928 | |||||||||
Promotional expenses | 2,457 | 603 | 655 | |||||||||
Travel | 2,556 | 645 | 696 | |||||||||
Office and other expenses | 11,542 | 2,927 | 3,154 | |||||||||
TOTALS | $ | 107,874 | $ | 47,229 | $ | 88,460 |
* | Class T shares of Transamerica Equity are not subject to annual distribution and service fees. |
83
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85
86
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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 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. | ||
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Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica AllianceBernstein International Value | I | 20.36 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica AllianceBernstein International Value | I | 17.52 | % | ||||
Transamerica International Moderate Growth VP Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica AllianceBernstein International Value | I | 12.75 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica AllianceBernstein International Value | I | 12.64 | % | ||||
Transamerica Multi-Manager International Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica AllianceBernstein International Value | I | 10.67 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica AllianceBernstein International Value | I | 9.20 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica AllianceBernstein International Value | I | 7.35 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica American Century Large Company Value | I | 43.12 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica American Century Large Company Value | I | 32.97 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica American Century Large Company Value | I | 17.76 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica American Century Large Company Value | C | 7.23 | % | ||||
NFS LLC FEBO State Street Bank Trust Co Ttee Var Retirement Plans 4 Manhattanville Rd Purchase NY 10577-2139 | Transamerica American Century Large Company Value | A | 6.34 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica American Century Large Company Value | I | 5.44 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Conservative Portfolio | C | 23.82 | % | ||||
Raymond James & Assoc Inc FBO Reliance Dental Mfg Co Inc PSP U/A Dtd Nov 10, 1999 PO Box 38 Worth IL 60482-0038 | Transamerica Asset Allocation — Conservative Portfolio | R | 17.69 | % | ||||
NFS LLC FEBO Transamerica Life Ins Company 1150 S Olive St Ste 2700 Los Angeles CA 90015-2211 | Transamerica Asset Allocation — Conservative Portfolio | A | 16.80 | % |
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Name and Address | Fund Name | Class | Pct | |||||
Merrill Lynch Pierce Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Conservative Portfolio | R | 16.34 | % | ||||
John D Paci FBO JLB Corporation 401(K) Profit Sharing Plan & Trust 111 Westport Plaza, Suite 1150 Saint Louis MO 63146-3017 | Transamerica Asset Allocation — Conservative Portfolio | R | 15.51 | % | ||||
Laura Spurr FBO Huron Potawatomi 401(K) Profit Sharing Plan & Trust 2221 1 1/2 Mile Fulton MI 49052-9602 | Transamerica Asset Allocation — Conservative Portfolio | R | 14.77 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Conservative Portfolio | B | 10.48 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Asset Allocation — Conservative Portfolio | C | 10.35 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Conservative Portfolio | A | 6.12 | % | ||||
MG Trust Company Cust. FBO O T Neighoff & Sons Inc 700 17Th St Ste 300 Denver CO 80202-3531 | Transamerica Asset Allocation — Growth Portfolio | R | 31.85 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Asset Allocation — Growth Portfolio | C | 19.50 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Growth Portfolio | C | 17.07 | % | ||||
Merrill Lynch Pierce Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Growth Portfolio | R | 16.25 | % | ||||
NFS LLC FEBO Transamerica Life Ins Company 1150 S Olive St Ste 2700 Los Angeles CA 90015-2211 | Transamerica Asset Allocation — Growth Portfolio | A | 14.13 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Growth Portfolio | B | 8.11 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Asset Allocation — Growth Portfolio | B | 7.65 | % | ||||
MG Trust Company Cust. FBO South Carolina Medical Associa 700 17Th Street, Suite 300 Denver CO 80202-3531 | Transamerica Asset Allocation — Growth Portfolio | R | 7.11 | % | ||||
Ned Kneadler FBO LHM Financial Corporation 401(K) Profit Sharing Plan & Trust 10101 N 92Nd St Ste 201 Scottsdale AZ 85258-4553 | Transamerica Asset Allocation — Growth Portfolio | R | 6.27 | % |
93
Name and Address | Fund Name | Class | Pct | |||||
Counsel Trust DBA MATC FBO Texas Outdoor Power Equipment 401(K) Profit Sharing Plan & Trust 1251 Waterfront Place Suite 525 Pittsburgh PA 15222-4228 | Transamerica Asset Allocation — Growth Portfolio | R | 5.66 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Asset Allocation — Growth Portfolio | A | 5.57 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Moderate Growth Portfolio | R | 40.71 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Moderate Growth Portfolio | C | 20.49 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Asset Allocation — Moderate Growth Portfolio | C | 15.63 | % | ||||
NFS LLC FEBO Transamerica Life Ins Company 1150 S Olive St Ste 2700 Los Angeles CA 90015-2211 | Transamerica Asset Allocation — Moderate Growth Portfolio | A | 14.25 | % | ||||
Ned Kneadler FBO LHM Financial Corporation 401(K) Profit Sharing Plan & Trust 10101 N 92Nd St Ste 201 Scottsdale AZ 85258-4553 | Transamerica Asset Allocation — Moderate Growth Portfolio | R | 13.55 | % | ||||
Counsel Trust DBA MATC FBO Makhteshim-Agan Of North America 401K PS Plan 1251 Waterfront Place Suite 525 Pittsburgh PA 15222-4228 | Transamerica Asset Allocation — Moderate Growth Portfolio | R | 13.04 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Moderate Growth Portfolio | B | 7.18 | % | ||||
Martin L Cohen MD FBO Morristown Pediatric 401(K) Profit Sharing Plan & Trust 261 James Street, Suite 1G Morristown NJ 07960-6348 | Transamerica Asset Allocation — Moderate Growth Portfolio | R | 6.34 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Asset Allocation — Moderate Growth Portfolio | B | 6.25 | % | ||||
Sterling Trust Company FBO Mr Marcite Inc 401K PO Box 2526 Waco TX 76702-2526 | Transamerica Asset Allocation — Moderate Growth Portfolio | R | 5.46 | % | ||||
Merrill Lynch Pierce Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Moderate Portfolio | R | 26.00 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Moderate Portfolio | C | 23.13 | % | ||||
NFS LLC FEBO Macatawa Bank/DBA Zeel & Co PO Box 5000 Cincinnati OH 45273-0001 | Transamerica Asset Allocation — Moderate Portfolio | R | 17.17 | % |
94
Name and Address | Fund Name | Class | Pct | |||||
NFS LLC FEBO Transamerica Life Ins Company 1150 S Olive St Ste 2700 Los Angeles CA 90015-2211 | Transamerica Asset Allocation — Moderate Portfolio | A | 16.14 | % | ||||
John Russell FBO Lake Ontario Fruit Inc 401(K) Profit Sharing Plan & Trust 14234 Ridge Road West Albion NY 14411-9163 | Transamerica Asset Allocation — Moderate Portfolio | R | 13.90 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Asset Allocation — Moderate Portfolio | C | 11.31 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Moderate Portfolio | B | 9.39 | % | ||||
MG Trust Company Cust. FBO South Carolina Medical Associa 700 17Th Street, Suite 300 Denver CO 80202-3531 | Transamerica Asset Allocation — Moderate Portfolio | R | 8.57 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Asset Allocation — Moderate Portfolio | A | 5.44 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Balanced | C | 8.85 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Global Allocation | I | 29.25 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Global Allocation | I | 18.33 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Global Allocation | I | 12.09 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Global Allocation | I | 8.67 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Global Allocation | I | 8.11 | % | ||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Global Allocation | I | 7.88 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Large Cap Value | I | 40.72 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Large Cap Value | I | 32.27 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Large Cap Value | I | 20.04 | % |
95
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Large Cap Value | I | 6.21 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Natural Resources | I | 34.33 | % | ||||
Transamerica Multi-Manager Alternative Strategies Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Natural Resources | I | 17.83 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Natural Resources | I | 14.87 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Natural Resources | I | 14.36 | % | ||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Natural Resources | I | 10.10 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BlackRock Natural Resources | I | 7.96 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BNY Mellon Market Neutral Strategy | I | 33.48 | % | ||||
Transamerica Multi-Manager Alternative Strategies Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BNY Mellon Market Neutral Strategy | I | 24.35 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BNY Mellon Market Neutral Strategy | I | 17.00 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BNY Mellon Market Neutral Strategy | I | 11.43 | % | ||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica BNY Mellon Market Neutral Strategy | I | 10.26 | % | ||||
Transamerica Asset Management Inc Seed Money Account Attn : Karen Heburn Mailbin 305E600 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Clarion Global Real Estate Securities | C | 50.32 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Clarion Global Real Estate Securities | I | 38.52 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Clarion Global Real Estate Securities | I | 27.84 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Clarion Global Real Estate Securities | I | 15.89 | % |
96
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Multi-Manager Alternative Strategies Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Clarion Global Real Estate Securities | I | 6.41 | % | ||||
Transamerica Multi-Manager International Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Clarion Global Real Estate Securities | I | 5.75 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Convertible Securities | C | 52.77 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Convertible Securities | I | 50.06 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Convertible Securities | I | 47.80 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Convertible Securities | A | 15.88 | % | ||||
NFS LLC FEBO State Street Bank Trust Co Ttee Various Retirement Plans 4 Manhattanville Rd Purchase NY 10577-2139 | Transamerica Convertible Securities | A | 13.38 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Convertible Securities | B | 10.69 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Convertible Securities | B | 8.76 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Convertible Securities | C | 8.03 | % | ||||
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 | Transamerica Convertible Securities | A | 5.44 | % | ||||
NFS LLC FEBO Transamerica Life Ins Company 1150 S Olive St Ste 2700 Los Angeles CA 90015-2211 | Transamerica Convertible Securities | A | 5.42 | % | ||||
Transamerica Asset Management Inc Seed Money Account Attn Karen Heburn Mailbin 305E600 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Convertible Securities | C | 5.29 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Equity | I | 45.91 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Equity | I | 30.30 | % |
97
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Equity | I | 18.27 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Equity | C | 7.95 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen Health Care | I | 41.39 | % | ||||
Transamerica Asset Management Inc Seed Money Account Attn Karen Heburn Mailbin 305E600 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen Health Care | C | 37.45 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen Health Care | I | 20.09 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen Health Care | I | 14.08 | % | ||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen Health Care | I | 12.18 | % | ||||
Transamerica Asset Management Inc Seed Money Account Attn Karen Heburn Mailbin 305E600 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen Health Care | A | 8.65 | % | ||||
Wells Fargo Investments LLC 625 Marquette Ave S 13th Floor Minneapolis MN 55402-2323 | Transamerica Evergreen Health Care | C | 7.16 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen International Small Cap | I | 24.82 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen International Small Cap | I | 20.31 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen International Small Cap | I | 17.89 | % | ||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen International Small Cap | I | 11.94 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen International Small Cap | I | 8.86 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen International Small Cap | I | 6.27 | % | ||||
Transamerica Multi-Manager International Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Evergreen International Small Cap | I | 5.04 | % |
98
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Multi-Manager Alternative Strategies Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Federated Market Opportunity | I | 27.33 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Federated Market Opportunity | I | 26.39 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Federated Market Opportunity | I | 20.91 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Federated Market Opportunity | I | 14.29 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Federated Market Opportunity | I | 10.25 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Flexible Income | I | 24.14 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Flexible Income | I | 21.95 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Flexible Income | I | 18.96 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Flexible Income | I | 15.40 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Flexible Income | C | 11.18 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Flexible Income | I | 11.12 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Flexible Income | C | 10.49 | % | ||||
Merrill Lynch Pierce Fenner & Smith Inc FBO Of Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Flexible Income | B | 8.98 | % | ||||
Transamerica Asset Allocation — Conservative VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Flexible Income | I | 7.89 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Flexible Income | B | 5.58 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Growth Opportunities | I | 46.47 | % |
99
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Growth Opportunities | I | 31.46 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Growth Opportunities | I | 15.02 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Growth Opportunities | I | 6.31 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica High Yield Bond | I | 22.93 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica High Yield Bond | I | 21.75 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica High Yield Bond | C | 17.26 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica High Yield Bond | I | 16.01 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica High Yield Bond | I | 15.06 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica High Yield Bond | I | 13.77 | % | ||||
Transamerica Asset Allocation — Conservative VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica High Yield Bond | I | 9.58 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica High Yield Bond | B | 8.81 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica High Yield Bond | C | 7.93 | % | ||||
Merrill Lynch Pierce Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica High Yield Bond | B | 5.18 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Jennison Growth | I | 35.98 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Jennison Growth | I | 31.61 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Jennison Growth | I | 23.15 | % |
100
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Jennison Growth | I | 8.54 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Jennison Growth | C | 8.28 | % | ||||
NFS LLC FEBO Sandra L Fortayon 493 Highland Dr Danville CA 94526-3708 | Transamerica Jennison Growth | C | 7.45 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica JPMorgan International Bond | I | 22.00 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica JPMorgan International Bond | I | 19.53 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica JPMorgan International Bond | I | 18.39 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica JPMorgan International Bond | I | 14.65 | % | ||||
Transamerica Asset Allocation — Conservative VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica JPMorgan International Bond | I | 12.42 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica JPMorgan International Bond | I | 9.08 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica JPMorgan Mid Cap Value | I | 46.48 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica JPMorgan Mid Cap Value | I | 27.60 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica JPMorgan Mid Cap Value | I | 20.62 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica JPMorgan Mid Cap Value | I | 5.30 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Legg Mason Partners All Cap | C | 7.07 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Legg Mason Partners All Cap | C | 5.01 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Loomis Sayles Bond | I | 22.03 | % |
101
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Loomis Sayles Bond | I | 20.51 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Loomis Sayles Bond | I | 16.57 | % | ||||
Transamerica Asset Allocation — Conservative VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Loomis Sayles Bond | I | 13.29 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Loomis Sayles Bond | I | 11.16 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Loomis Sayles Bond | I | 9.52 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Marsico Growth | I | 42.43 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Marsico Growth | I | 31.23 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Marsico Growth | I | 18.59 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Marsico Growth | C | 9.95 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Marsico Growth | I | 6.89 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Marsico International Growth | I | 22.80 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Marsico International Growth | I | 18.30 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Marsico International Growth | I | 12.48 | % | ||||
Transamerica International Moderate Growth VP Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Marsico International Growth | I | 10.53 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Marsico International Growth | I | 9.61 | % | ||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Marsico International Growth | I | 8.66 | % |
102
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Multi-Manager International Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Marsico International Growth | I | 6.76 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Marsico International Growth | I | 5.79 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica MFS International Equity | I | 22.72 | % | ||||
Transamerica International Moderate Growth VP Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica MFS International Equity | I | 19.28 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica MFS International Equity | I | 17.83 | % | ||||
Transamerica Asset Allocation — Conservative VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica MFS International Equity | I | 15.83 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica MFS International Equity | I | 7.27 | % | ||||
Transamerica Multi-Manager International Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica MFS International Equity | I | 6.47 | % | ||||
Transamerica Multi-Manager Alternative Strategies Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Money Market | I | 27.24 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Money Market | I | 19.56 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Money Market | I | 15.67 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Money Market | I | 14.41 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Money Market | I | 13.88 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Money Market | C | 8.57 | % | ||||
Universal Life Insurance Company Omnibus Money Market Account PO Box 2145 San Juan PR 00922-2145 | Transamerica Money Market | I | 8.56 | % | ||||
Frontier Trust Company FBO Bill’s Volume Sales 401(K) Plan 14 098 PO Box 10758 Fargo ND 58106-0758 | Transamerica Money Market | C | 5.40 | % |
103
Name and Address | Fund Name | Class | Pct | |||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Multi-Manager Alternative Strategies Portfolio | C | 15.90 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Multi-Manager Alternative Strategies Portfolio | A | 12.76 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Multi-Manager Alternative Strategies Portfolio | C | 10.75 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Multi-Manager Alternative Strategies Portfolio | A | 7.47 | % | ||||
Prudential Investment Mgmt Svcs LLC FBO Mututal Fund Clients Attn Pruchoice Unit Gateway Center 3-10th Floor 100 Mulberry St Newark NJ 07102-4056 | Transamerica Multi-Manager Alternative Strategies Portfolio | A | 5.31 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Multi-Manager International Portfolio | C | 23.65 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Multi-Manager International Portfolio | C | 23.44 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Multi-Manager International Portfolio | A | 17.60 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Multi-Manager International Portfolio | A | 17.03 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Multi-Manager International Portfolio | B | 13.08 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Multi-Manager International Portfolio | B | 10.01 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Neuberger Berman International | I | 24.74 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Neuberger Berman International | I | 20.76 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Neuberger Berman International | I | 15.20 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Neuberger Berman International | I | 7.84 | % |
104
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Neuberger Berman International | I | 7.59 | % | ||||
Transamerica International Moderate Growth VP Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Neuberger Berman International | I | 6.92 | % | ||||
Transamerica Multi-Manager International Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Neuberger Berman International | I | 6.53 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Neuberger Berman International | I | 5.78 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Oppenheimer Developing Markets | I | 24.25 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Oppenheimer Developing Markets | I | 17.51 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Oppenheimer Developing Markets | I | 16.39 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Oppenheimer Developing Markets | I | 10.97 | % | ||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Oppenheimer Developing Markets | I | 10.47 | % | ||||
Transamerica Multi-Manager International Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Oppenheimer Developing Markets | I | 6.28 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Oppenheimer Small- & Mid-Cap Value | I | 30.23 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Oppenheimer Small- & Mid-Cap Value | I | 18.73 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Oppenheimer Small- & Mid-Cap Value | I | 12.13 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Oppenheimer Small- & Mid-Cap Value | I | 11.95 | % | ||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Oppenheimer Small- & Mid-Cap Value | I | 10.35 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Oppenheimer Small- & Mid-Cap Value | I | 9.41 | % |
105
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Management Inc Seed Money Account Attn Karen Heburn Mailbin 305E600 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Real Return TIPS | C | 51.67 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Real Return TIPS | I | 23.07 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Real Return TIPS | I | 19.49 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Real Return TIPS | I | 15.96 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Real Return TIPS | I | 15.41 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica PIMCO Real Return TIPS | C | 15.11 | % | ||||
Transamerica Asset Allocation — Conservative VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Real Return TIPS | I | 13.85 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica PIMCO Real Return TIPS | A | 12.13 | % | ||||
Transamerica Asset Management Inc Seed Money Account Attn Karen Heburn Mailbin 305E600 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Real Return TIPS | A | 10.82 | % | ||||
NFS LLC FEBO FMT Co Cust IRA Rollover FBO Beverly Ferris Nightengale PO Box 2767 1151 Shady Lane Mccall ID 83638-2767 | Transamerica PIMCO Real Return TIPS | A | 10.13 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Real Return TIPS | I | 9.49 | % | ||||
Pershing LLC P.O. Box 2052 Jersey City NJ 07303-2052 | Transamerica PIMCO Real Return TIPS | B | 7.58 | % | ||||
State Street Bank Cust IRA A/C Brad D Mclaren 25221 M 32 S Hillman MI 49746-8653 | Transamerica PIMCO Real Return TIPS | B | 6.33 | % | ||||
First Clearing, LLC Maurice Flynn IRA FCC As Custodian 1315 Blair St Houston TX 77008-3817 | Transamerica PIMCO Real Return TIPS | B | 6.18 | % | ||||
NFS LLC FEBO NFS/FMTC IRA FBO Mary P O’Grady 1100 Belcher Road South Lot 709 Largo FL 33771-3441 | Transamerica PIMCO Real Return TIPS | B | 5.01 | % |
106
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Total Return | I | 38.27 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Total Return | I | 36.36 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Total Return | I | 24.05 | % | ||||
Transamerica Asset Management Inc Seed Money Account Attn Karen Heburn Mailbin 305E600 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Total Return | C | 21.69 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica PIMCO Total Return | C | 11.06 | % | ||||
Transamerica Asset Management Inc Seed Money Account Attn Karen Heburn Mailbin 305E600 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica PIMCO Total Return | A | 7.16 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica PIMCO Total Return | B | 5.26 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Schroders International Small Cap | I | 22.35 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Schroders International Small Cap | I | 17.06 | % | ||||
Transamerica Asset Allocation — Conservative VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Schroders International Small Cap | I | 11.46 | % | ||||
Transamerica Multi-Manager International Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Schroders International Small Cap | I | 9.96 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Schroders International Small Cap | I | 9.26 | % | ||||
Transamerica International Moderate Growth VP Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Schroders International Small Cap | I | 8.50 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Schroders International Small Cap | I | 5.50 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Schroders International Small Cap | I | 5.42 | % |
107
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Schroders International Small Cap | I | 5.06 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Science & Technology | I | 48.54 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Science & Technology | I | 27.60 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Science & Technology | I | 17.40 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Science & Technology | C | 8.92 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Science & Technology | I | 5.82 | % | ||||
Merrill Lynch Pierce Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Short-Term Bond | C | 23.83 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Short-Term Bond | I | 22.40 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Short-Term Bond | I | 21.44 | % | ||||
Merrill Lynch Pierce Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Short-Term Bond | A | 15.67 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Short-Term Bond | I | 15.07 | % | ||||
Transamerica Asset Allocation — Conservative VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Short-Term Bond | I | 14.10 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Short-Term Bond | I | 13.29 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Short-Term Bond | I | 11.11 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Short-Term Bond | A | 8.87 | % |
108
Name and Address | Fund Name | Class | Pct | |||||
Prudential Investment Mgmt Svcs LLC FBO Mutual Fund Clients Attn: Pruchoice Unit Gateway Center 3-10th Flr 100 Mulberry St Ml Stp NJ 05-11-20 Newark NJ 07102 | Transamerica Short-Term Bond | A | 5.07 | % | ||||
NFS LLC FEBO State Street Bank Trust Co Ttee Various Retirement Plans 4 Manhattanville Rd Purchase NY 10577-2139 | Transamerica Small/Mid Cap Value | I | 100.00 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Small/Mid Cap Value | C | 16.00 | % | ||||
Merrill Lynch Fenner & Smith Inc FBO Its Customers 4800 Deer Lake Dr E Fl 2 Jacksonville FL 32246-6484 | Transamerica Small/Mid Cap Value | C | 15.55 | % | ||||
Merrill Lynch Pierce Fenner & Smith Inc For The Sole Benefit Of Its Customers 4800 Deer Lake Dr E FL 2 Jacksonville FL 32246-6484 | Transamerica Small/Mid Cap Value | A | 11.71 | % | ||||
Merrill Lynch Pierce Fenner & Smith Inc For The Sole Benefit Of Its Customers 4800 Deer Lake Dr E FL 2 Jacksonville FL 32246-6484 | Transamerica Small/Mid Cap Value | B | 10.14 | % | ||||
NFS LLC FEBO Transamerica Life Ins Company 1150 S Olive St Ste 2700 Los Angeles CA 90015-2211 | Transamerica Small/Mid Cap Value | A | 9.09 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Small/Mid Cap Value | A | 8.78 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Small/Mid Cap Value | B | 8.29 | % | ||||
Prudential Investment Mgmt Svcs LLC FBO Mutual Fund Clients Att Pruchoice Unit 3 Gateway Center Fl 11 100 Mulberry St Ml Stp NJ 05-11-20 Newark NJ 07102-4000 | Transamerica Small/Mid Cap Value | A | 5.82 | % | ||||
Citigroup Global Markets Inc House Account Attn: Peter Booth 333 W 34th St Fl 7 New York NY 10001-2402 | Transamerica Templeton Global | C | 9.70 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Third Avenue Value | I | 26.44 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Third Avenue Value | I | 19.65 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Third Avenue Value | I | 13.69 | % |
109
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Third Avenue Value | I | 13.02 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Third Avenue Value | I | 8.90 | % | ||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Third Avenue Value | I | 8.86 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Thornburg International Value | I | 23.95 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Thornburg International Value | I | 16.35 | % | ||||
Transamerica Multi-Manager International Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Thornburg International Value | I | 14.72 | % | ||||
Transamerica Asset Allocation — Conservative VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Thornburg International Value | I | 13.56 | % | ||||
Transamerica International Moderate Growth VP Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Thornburg International Value | I | 13.23 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Thornburg International Value | I | 6.28 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica UBS Dynamic Alpha | I | 33.91 | % | ||||
Transamerica Multi-Manager Alternative Strategies Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica UBS Dynamic Alpha | I | 18.84 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica UBS Dynamic Alpha | I | 14.90 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica UBS Dynamic Alpha | I | 14.13 | % | ||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica UBS Dynamic Alpha | I | 10.22 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica UBS Dynamic Alpha | I | 7.94 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica UBS Large Cap Value | I | 25.61 | % |
110
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica UBS Large Cap Value | I | 23.74 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica UBS Large Cap Value | I | 15.76 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica UBS Large Cap Value | I | 11.03 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica UBS Large Cap Value | I | 9.29 | % | ||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica UBS Large Cap Value | I | 7.70 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Emerging Markets Debt | I | 24.00 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Emerging Markets Debt | I | 22.21 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Emerging Markets Debt | I | 15.93 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Emerging Markets Debt | I | 14.57 | % | ||||
Transamerica Asset Allocation — Conservative VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Emerging Markets Debt | I | 13.20 | % | ||||
Transamerica Asset Allocation — Conservative Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Emerging Markets Debt | I | 9.59 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Mid-Cap Growth | I | 28.42 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Mid-Cap Growth | I | 24.53 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Mid-Cap Growth | I | 17.83 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Mid-Cap Growth | I | 11.31 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Mid-Cap Growth | I | 7.70 | % |
111
Name and Address | Fund Name | Class | Pct | |||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Small Company Growth | I | 31.12 | % | ||||
Transamerica Asset Allocation — Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Small Company Growth | I | 20.31 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Small Company Growth | I | 18.84 | % | ||||
Transamerica Asset Allocation — Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Small Company Growth | I | 9.59 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica Van Kampen Small Company Growth | I | 8.60 | % | ||||
Transamerica Asset Allocation — Moderate Growth VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica WMC Emerging Markets | I | 25.04 | % | ||||
Transamerica Asset Allocation — Moderate VP Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica WMC Emerging Markets | I | 18.48 | % | ||||
Transamerica Asset Allocation — Moderate Portfolio Investment Account Attn Fund Admin Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica WMC Emerging Markets | I | 17.43 | % | ||||
Transamerica Multi-Manager International Portfolio Investment Account Attn: Fund Admin. Mailstop 305E 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica WMC Emerging Markets | I | 16.73 | % | ||||
Transamerica Asset Allocation — Moderate Growth Portfolio Investment Account Attn Fund Admin Mailstop 515E610 570 Carillon Pkwy St Petersburg FL 33716-1294 | Transamerica WMC Emerging Markets | I | 11.81 | % | ||||
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a. | Vote in accordance with the recommendation of the Independent Third Party; | ||
b. | Obtain the guidance of the client(s) whose account(s) are involved in the conflict; | ||
c. | Obtain the review of the General Counsel of AUIM, or | ||
d. | Vote in strict accordance with the Guidelines. |
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SECURITIES VOTING POLICY
APPENDIX A
SECURITIES VOTING POLICY GUIDELINES
• | 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. |
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• | It is intended for financing purposes with minimal or no dilution to current shareholders | ||
• | It is not designed to preserve the voting power of an insider or significant shareholder |
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• | 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. |
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v | Election of Directors | |
v | Ratification of Selection of Auditors | |
v | Equity-Based Compensation Plans | |
v | Anti-Takeover Proposals |
Ø | Cumulative Voting | ||
Ø | Staggered Boards | ||
Ø | “Blank Check” Preferred Stock | ||
Ø | Elimination of Preemptive Rights | ||
Ø | Non-targeted Share Repurchase | ||
Ø | Increase in Authorized Common Stock | ||
Ø | “Supermajority” Voting Provisions or Super Voting Share Classes | ||
Ø | “Fair Price” Amendments | ||
Ø | Limiting the Right to Call Special Shareholder Meetings | ||
Ø | Poison Pills or Shareholder Rights Plans | ||
Ø | Golden Parachutes | ||
Ø | Reincorporation | ||
Ø | Confidential Voting | ||
Ø | Opting In or Out of State Takeover Laws |
v | Shareholder Proposals Involving Social, Moral or Ethical Matters | |
v | Anti-Greenmail Proposals | |
v | Changes to Indemnification Provisions | |
v | Non-Stock Incentive Plans | |
v | Director Tenure | |
v | Directors’ Stock Options Plans | |
v | Director Share Ownership |
Effective June, 2008
Table of Contents
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1 | The Policy does not apply to BlackRock Asset Management U.K. Limited and BlackRock Investment Managers International Limited, which are U.S. registered investment advisers based in the United Kingdom. | |
2 | In certain situations, a client may direct BlackRock to vote in accordance with the client’s proxy voting policies. In these situations, BlackRock will seek to comply with such policies to the extent it would not be inconsistent with other BlackRock legal responsibilities. | |
3 | Letter from Harvey L. Pitt, Chairman, SEC, to John P.M. Higgins, President, Ram Trust Services (February 12, 2002) (Section 206 of the Investment Advisers Act imposes a fiduciary responsibility to vote proxies fairly and in the best interests of clients); SEC Release No. IA-2106 (February 3, 2003). | |
4 | DOL Interpretative Bulletin of Sections 402, 403 and 404 of ERISA at 29 C.F.R. 2509.94-2 | |
5 | Other considerations, such as social, labor, environmental or other policies, may be of interest to particular clients. While BlackRock is cognizant of the importance of such considerations, when voting proxies it will generally take such matters into account only to the extent that they have a direct bearing on the economic value of the underlying securities. To the extent that a BlackRock client desires to pursue a particular social, labor, environmental or other agenda through the proxy votes made for its securities held through BlackRock as investment adviser, BlackRock encourages the client to consider retaining direct proxy voting authority or to appoint independently a special proxy voting fiduciary other than BlackRock. | |
6 | Subject to the Proxy Voting Policies of Merrill Lynch Bank & Trust Company FSB, the Committee may also function jointly as the Proxy Voting Committee for Merrill Lynch Bank & Trust Company FSB trust accounts managed by personnel dually-employed by BlackRock. | |
7 | The Committee may delegate day-to-day administrative responsibilities to other BlackRock personnel and/or outside service providers, as appropriate. |
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8 | The Committee will normally defer to portfolio managers on proxy votes that are akin to investment decisions except for proxy votes that involve a material conflict of interest, in which case it will determine, in its discretion, the appropriate voting process so as to address such conflict. | |
9 | The Committee may delegate the actual maintenance of such records to an outside service provider. Currently, the Committee has delegated the maintenance of such records to Institutional Shareholder Services. |
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# | VOTE and DESCRIPTION | |
A.1 | FOR nominees for director of United States companies in uncontested elections, except for nominees who | |
§ have missed at least two meetings and, as a result, attended less than 75% of meetings of the Board of Directors and its committees the previous year, unless the nominee missed the meeting(s) due to illness or company business | ||
§ voted to implement or renew a “dead-hand” poison pill | ||
§ ignored a shareholder proposal that was approved by either a majority of the shares outstanding in any year or by the majority of votes cast for two consecutive years |
10 | Such issuers may include investment companies for which BlackRock provides investment advisory, administrative and/or other services. |
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# | VOTE and DESCRIPTION | |
§ failed to act on takeover offers where the majority of the shareholders have tendered their shares | ||
§ are corporate insiders who serve on the audit, compensation or nominating committees or on a full Board that does not have such committees composed exclusively of independent directors | ||
§ on a case-by-case basis, have served as directors of other companies with allegedly poor corporate governance | ||
§ sit on more than six boards of public companies | ||
A.2 | FOR nominees for directors of non-U.S. companies in uncontested elections, except for nominees from whom the Committee determines to withhold votes due to the nominees’ poor records of representing shareholder interests, on a case-by-case basis | |
A.3 | FOR proposals to declassify Boards of Directors, except where there exists a legitimate purpose for classifying boards | |
A.4 | AGAINST proposals to classify Boards of Directors, except where there exists a legitimate purpose for classifying boards | |
A.5 | AGAINST proposals supporting cumulative voting | |
A.6 | FOR proposals eliminating cumulative voting | |
A.7 | FOR proposals supporting confidential voting | |
A.8 | FOR proposals seeking election of supervisory board members | |
A.9 | AGAINST shareholder proposals seeking additional representation of women and/or minorities generally (i.e., not specific individuals) to a Board of Directors | |
A.10 | AGAINST shareholder proposals for term limits for directors | |
A.11 | FOR shareholder proposals to establish a mandatory retirement age for directors who attain the age of 72 or older | |
A.12 | AGAINST shareholder proposals requiring directors to own a minimum amount of company stock | |
A.13 | FOR proposals requiring a majority of independent directors on a Board of Directors | |
A.14 | FOR proposals to allow a Board of Directors to delegate powers to a committee or committees | |
A.15 | FOR proposals to require audit, compensation and/or nominating committees of a Board of Directors to consist exclusively of independent directors | |
A.16 | AGAINST shareholder proposals seeking to prohibit a single person from occupying the roles of chairman and chief executive officer | |
A.17 | FOR proposals to elect account inspectors | |
A.18 | FOR proposals to fix the membership of a Board of Directors at a specified size | |
A.19 | FOR proposals permitting shareholder ability to nominate directors directly | |
A.20 | AGAINST proposals to eliminate shareholder ability to nominate directors directly | |
A.21 | FOR proposals permitting shareholder ability to remove directors directly | |
A.22 | AGAINST proposals to eliminate shareholder ability to remove directors directly | |
A.23 | FOR shareholder proposals requiring the position of chair be filled by an independent director unless there are compelling reasons to recommend against the proposal, such as a counterbalancing governance structure | |
A.24 | FOR precatory and binding resolutions requesting that the board change the company’s by-laws to stipulate that directors need to be elected with an affirmative majority of votes cast, provided it does not conflict with the state law where the company is incorporated. Binding resolutions need to allow for a carve-out for a plurality vote standard when there are more nominees than board seats | |
A.25 | AGAINST shareholder proposals requiring two candidates per board seat | |
A.26 | AGAINST proposals to eliminate entirely directors’ and officers’ liability for monetary damages for violating the duty of care | |
A.27 | AGAINST indemnification proposals that would expand coverage beyond just legal expenses to liability for acts, such as negligence, that are more serious violations of fiduciary obligation than mere carelessness |
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# | VOTE and DESCRIPTION | |
A.28 | AGAINST proposals that would expand the scope of indemnification to provide for mandatory indemnification of company officials in connection with acts that previously the company was permitted to provide indemnification for at the discretion of the company’s board (i.e. “permissive indemnification”), but that previously the company was not required to indemnify | |
A.29 | FOR only those proposals providing such expanded coverage in cases when a director’s or officer’s legal defense was unsuccessful if both of the following apply: | |
• If the director was found to have acted in good faith and in a manner that he or she reasonably believed was in the best interests of the company; and | ||
• If only the director’s legal expenses would be covered | ||
A.30 | AGAINST proposals that provide that directors may be removed only for cause | |
A.31 | FOR proposals to restore shareholders’ ability to remove directors with or without cause | |
A.32 | AGAINST proposals that provide that only continuing directors may elect replacements to fill board vacancies | |
A.33 | FOR proposals that permit shareholders to elect directors to fill board vacancies, provided that it is understood that investment company directors may fill Board vacancies as permitted by the Investment Company Act of 1940, as amended |
B.1 | FOR approval of independent auditors, except for | |
§ auditors that have a financial interest in, or material association with, the company they are auditing, and are therefore believed by the Committee not to be independent | ||
§ auditors who have rendered an opinion to any company which in the Committee’s opinion is either not consistent with best accounting practices or not indicative of the company’s financial situation | ||
§ on a case-by-case basis, auditors who in the Committee’s opinion provide a significant amount of non-audit services to the company | ||
B.2 | FOR proposals seeking authorization to fix the remuneration of auditors | |
B.3 | FOR approving internal statutory auditors | |
B.4 | FOR proposals for audit firm rotation, except for proposals that would require rotation after a period of less than 5 years |
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C.1 | IN ACCORDANCE WITH THE RECOMMENDATION OF ISS on compensation plans if the ISS recommendation is based solely on whether or not the company’s plan satisfies the allowable cap as calculated by ISS. If the recommendation of ISS is based on factors other than whether the plan satisfies the allowable cap the Committee will analyze the particular proposed plan. This policy applies to amendments of plans as well as to initial approvals. | |
C.2 | FOR proposals to eliminate retirement benefits for outside directors | |
C.3 | AGAINST proposals to establish retirement benefits for outside directors | |
C.4 | FOR proposals approving the remuneration of directors or of supervisory board members | |
C.5 | AGAINST proposals to reprice stock options | |
C.6 | FOR proposals to approve employee stock purchase plans that apply to all employees. This policy applies to proposals to amend ESPPs if the plan as amended applies to all employees. | |
C.7 | FOR proposals to pay retirement bonuses to directors of Japanese companies unless the directors have served less than three years | |
C.8 | AGAINST proposals seeking to pay outside directors only in stock | |
C.9 | FOR proposals seeking further disclosure of executive pay or requiring companies to report on their supplemental executive retirement benefits | |
C.10 | AGAINST proposals to ban all future stock or stock option grants to executives | |
C.11 | AGAINST option plans or grants that apply to directors or employees of “related companies” without adequate disclosure of the corporate relationship and justification of the option policy | |
C.12 | FOR proposals to exclude pension plan income in the calculation of earnings used in determining executive bonuses/compensation | |
C.13 | FOR shareholder proposals — based on a case-by-case analysis — that request the Board to establish a pay-for-superior performance standard in the company’s executive compensation plan for senior executives | |
C.14 | AGAINST executive compensation plans in which there is a no connection between the CEO’s pay and company performance (e.g., the plan calls for an increase in pay and when there has been a decrease in company performance | |
C.15 | WITHHOLD votes from the Compensation Committee members when company compensation plan has no connection between executive pay and company performance | |
C.16 | FOR shareholder proposals that call for non-binding shareholder ratification of the compensation of the named Executive Officers and the accompanying narrative disclosure of material factors provided to understand the Summary Compensation Table | |
C.17 | FOR shareholder proposals seeking disclosure regarding the company, Board, or Board committee’s use of compensation consultants, such as company name, business relationship(s) and fees paid | |
C.18 | AGAINST shareholder proposals seeking to set absolute levels on compensation or otherwise dictate the amount or form of compensation | |
C.19 | FOR shareholder proposals to require golden parachutes or executive severance agreements to be submitted for shareholder ratification, unless the proposal requires shareholder approval prior to entering into employment contracts | |
C.20 | FOR shareholder proposals requesting to put extraordinary benefits contained in Supplemental Executive Retirement Plans (“SERP”) agreements to a shareholder vote unless the company’s executive pension plans do not contain excessive benefits beyond what is offered under employee-wide plans |
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C.21 | FOR shareholder proposals requesting to limit the executive benefits provided under the company’s supplemental executive retirement plan (SERP) by limiting covered compensation to a senior executive’s annual salary and excluding all incentive or bonus pay from the SERP’s definition of covered compensation used to establish such benefits | |
C.22 | AGAINST the equity plan if any of the following factors apply: | |
• The total cost of the company’s equity plans is unreasonable; | ||
• The plan expressly permits the repricing of stock options without prior shareholder approval; | ||
• There is a disconnect between CEO pay and the company’s performance; and/or | ||
• The plan is a vehicle for poor compensation practices | ||
C.23 | FOR equity plans for non-employee director on a case-by-case basis based on the structure of the plan | |
C.24 | AGAINST plans if the company has a history of repricing options without shareholder approval, and the applicable listing standards would not preclude them from doing so | |
C.25 | FOR shareholder proposals to put option repricings to a shareholder vote |
D.1 | AGAINST proposals seeking authorization to issue shares without preemptive rights except for issuances up to 10% of a non-US company’s total outstanding capital | |
D.2 | FOR management proposals seeking preemptive rights or seeking authorization to issue shares with preemptive rights | |
D.3 | FOR management proposals approving share repurchase programs | |
D.4 | FOR management proposals to split a company’s stock | |
D.5 | FOR management proposals to denominate or authorize denomination of securities or other obligations or assets in Euros | |
D.6 | FOR proposals requiring a company to expense stock options (unless the company has already publicly committed to do so by a certain date) | |
D.7 | AGAINST proposals to create a new class of common stock with superior voting rights | |
D.8 | AGAINST proposals at companies with dual-class capital structures to increase the number of authorized shares of the class of stock that has superior voting rights | |
D.9 | FOR proposals to create a new class of nonvoting or sub-voting common stock if: | |
• It is intended for financing purposes with minimal or no dilution to current shareholders; and | ||
• It is not designed to preserve the voting power of an insider or significant shareholder | ||
D.10 | AGAINST proposals authorizing the creation of new classes of preferred stock with unspecified voting, conversion, dividend distribution, and other rights (“blank check” preferred stock) | |
D.11 | FOR proposals to authorize preferred stock in cases where the company specifies the voting, dividend, conversion, and other rights of such stock and the terms of the preferred stock appear reasonable |
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D.12 | FOR management proposals to implement a reverse stock split when the number of authorized shares will be proportionately reduced | |
D.13 | FOR management proposals to implement a reverse stock split to avoid delisting | |
D.14 | FOR management proposals to increase the common share authorization for a stock split or share dividend | |
D.15 | FOR management proposals to institute open-market share repurchase plans in which all shareholders may participate on equal terms |
E.1 | AGAINST proposals seeking to adopt a poison pill | |
E.2 | FOR proposals seeking to redeem a poison pill | |
E.3 | FOR proposals seeking to have poison pills submitted to shareholders for ratification | |
E.4 | FOR management proposals to change the company’s name | |
E.5 | AGAINST proposals to require a supermajority shareholder vote | |
E.6 | FOR proposals to lower supermajority vote requirements | |
E.7 | AGAINST proposals giving the board exclusive authority to amend the bylaws | |
E.8 | FOR proposals giving the board the ability to amend the bylaws in addition to shareholders | |
E.9 | CASEBYCASE on proposals to change a company’s state of incorporation, taking into consideration both financial and corporate governance concerns, including: | |
- The reasons for reincorporating | ||
- A comparison of the governance provisions | ||
- Comparative economic benefits, and | ||
- A comparison of the jurisdiction laws | ||
E.10 | FOR re-incorporation when the economic factors outweigh any neutral or negative governance changes | |
E.11 | FOR proposals to restore, or provide shareholders with rights of appraisal |
F.1 | AGAINST proposals that seek authority to act on “any other business that may arise” | |
F.2 | FOR proposals designating two shareholders to keep minutes of the meeting | |
F.3 | FOR proposals concerning accepting or approving financial statements and statutory reports | |
F.4 | FOR proposals approving the discharge of management and the supervisory board | |
F.5 | FOR proposals approving the allocation of income and the dividend | |
F.6 | FOR proposals seeking authorization to file required documents/other formalities | |
F.7 | FOR proposals to authorize the corporate board to ratify and execute approved resolutions | |
F.8 | FOR proposals appointing inspectors of elections | |
F.9 | FOR proposals electing a chair of the meeting |
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F.10 | FOR proposals to permit “virtual” shareholder meetings over the Internet | |
F.11 | AGAINST proposals to require rotating sites for shareholder meetings | |
F.12 | AGAINST proposals that are substantially duplicative (i.e., shareholder proposals that are unnecessary because a management proposal serves the same purpose) |
G.1 | FOR nominees for director of mutual funds in uncontested elections, except for nominees who | |
§ have missed at least two meetings and, as a result, attended less than 75% of meetings of the Board of Directors and its committees the previous year, unless the nominee missed the meeting due to illness or fund business | ||
§ ignore a shareholder proposal that was approved by either a majority of the shares outstanding in any year or by the majority of votes cast for two consecutive years | ||
§ are interested directors who serve on the audit or nominating committees or on a full Board that does not have such committees composed exclusively of independent directors | ||
§ on a case-by-case basis, have served as directors of companies with allegedly poor corporate governance | ||
G.2 | FOR the establishment of new series or classes of shares | |
G.3 | AGAINST proposals to change a fund’s investment objective to nonfundamental | |
G.4 | FOR proposals to establish a master-feeder structure or authorizing the Board to approve a master-feeder structure without a further shareholder vote | |
G.5 | AGAINST a shareholder proposal for the establishment of a director ownership requirement | |
G.6 | FOR classified boards of closed-end investment companies | |
G.6 | AGAINST removal of shareholder approval requirement to reorganize or terminate the trust or any of its series |
H.1 | AGAINST proposals seeking to have companies adopt international codes of conduct | |
H.2 | AGAINST proposals seeking to have companies provide non-required analyses, information statements or reports in the following areas unless there are compelling investment reasons to request such reports: | |
- environmental liabilities; | ||
- bank lending policies; | ||
- corporate political contributions or activities; | ||
- alcohol and tobacco advertising and efforts to discourage use of such products by minors or other groups; | ||
- costs and risk of doing business in any individual country or the standards of operations in such country; | ||
- involvement in nuclear defense systems or other military products; | ||
- animal welfare standards; | ||
- pricing policies; | ||
- the use of certain commodities, genetically modified materials or chemicals; | ||
- sustainability and other perceived political, environmental or social issues that do not directly relate to the economic operations of the company; | ||
- charitable contributions made by the company | ||
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H.3 | AGAINST proposals requesting reports on Maquiladora operations or on CERES principles | |
H.4 | AGAINST proposals seeking implementation of the CERES principles | |
H.5 | FOR resolutions requesting that a company disclose information on the impact of climate change on the company’s operations unless: | |
- The company already provides current, publicly available information on the perceived impact that climate change may have on the company as well as associated policies and procedures to address such risks and/or opportunities; | ||
- The company’s level of disclosure is comparable to or better than information provided by industry peers; and | ||
- There are no significant fines, penalties, or litigation associated with the company’s environmental performance | ||
H.6 | AGAINST proposals that call for reduction in greenhouse gas emissions by specified amounts or within a restrictive time frame unless the company lags industry standards and has been the subject of recent, significant fines or litigation resulting from greenhouse gas emissions | |
H.7 | FOR resolutions requesting that companies outline their preparations to comply with standards established by Kyoto Protocol signatory markets unless: | |
- The company does not maintain operations in Kyoto signatory markets; | ||
- The company already evaluates and substantially discloses such information; | ||
- Greenhouse gas emissions do not significantly impact the company’s core businesses; or | ||
- The company is not required to comply with the Kyoto Protocol Standards | ||
H.8 | AGAINST resolutions that request the disclosure of detailed information on a company’s policies related to land use or development unless the company has been the subject of recent, significant fines or litigation stemming from its land use | |
H.9 | AGAINST proposals to publish in newspapers and public media the company’s political contributions as such publications could present significant cost to the company without providing commensurate value to shareholders | |
H.10 | AGAINST proposals barring the company from making political contributions. Businesses are affected by legislation at the federal, state, and local level and barring contributions can put the company at a competitive disadvantage | |
H.11 | AGAINST proposals restricting the company from making charitable contributions. Charitable contributions are generally useful for assisting worthwhile causes and for creating goodwill in the community. In the absence of bad faith, self-dealing, or gross negligence, management should determine which contributions are in the best interests of the company | |
H.12 | AGAINST proposals asking for a list of company executives, directors, consultants, legal counsels, lobbyists, or investment bankers that have prior government service and whether such service had a bearing on the business of the company. Such a list would be burdensome to prepare without providing any meaningful information to shareholders | |
H.13 | AGAINST proposals that would call for the adoption of specific committee charter language regarding diversity initiatives unless the company fails to publicly disclose existing equal opportunity or non-discrimination policies | |
H.14 | AGAINST proposals seeking information on the diversity efforts of suppliers and service providers, which can pose a significant cost and administrative burden on the company | |
H.15 | FOR proposals seeking to amend a company’s EEO statement in order to prohibit discrimination based on sexual orientation, unless the change would result in excessive costs for the company | |
H.16 | AGAINST proposals to exclude references to sexual orientation, interests, or activities from a company’s EEO statement | |
H.17 | AGAINST proposals to extend company benefits to, or eliminate benefits from domestic partners. Benefits decisions should be left to the discretion of the company | |
H.18 | AGAINST proposals to take specific actions or adopt policies that require the company to support legislation to: | |
- label or identify products in a certain manner; | ||
- study or evaluate the use of certain company products; | ||
- increase animal welfare standards to above those required by law; or | ||
- engage in political, environmental or social activities that do not directly relate to the economic operations of the company | ||
H.19 | CASE-BY-CASE on proposals requesting an economic risk assessment of environmental performance, considering: | |
- The feasibility of financially quantifying environmental risk factors; | ||
- The company’s compliance with applicable legislation and/or regulations regarding environmental performance; | ||
- The costs associated with implementing improved standards; | ||
- The potential costs associated with remediation resulting from |
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poor environmental performance; and | ||
- The current level of disclosure on environmental policies and Initiatives | ||
H.20 | FOR requests for reports disclosing the company’s environmental policies unless it already has well-documented environmental management systems that are available to the public | |
H.21 | CASE-BY-CASE on proposals calling for companies to report on the risks associated with outsourcing, considering: | |
- Risks associated with certain international markets; | ||
- The utility of such a report to shareholders; and | ||
- The existence of a publicly available code of corporate conduct that applies to international operations | ||
H.22 | CASE-BY-CASE on requests for reports detailing the company’s operations in a particular country and steps to protect human rights, based on: | |
- The nature and amount of company business in that country; | ||
- The company’s workplace code of conduct; | ||
- Proprietary and confidential information involved; | ||
- Company compliance with U.S. regulations on investing in the country; and/or | ||
- Level of peer company involvement in the country | ||
H.23 | CASE-BY-CASE on proposals to implement certain human rights standards at company facilities or those of its suppliers and to commit to outside, independent monitoring. In evaluating these proposals, the following should be considered: | |
- The company’s current workplace code of conduct or adherence to other global standards and the degree they meet the standards promulgated by the proponent; | ||
- Agreements with foreign suppliers to meet certain workplace standards; | ||
- Whether company and vendor facilities are monitored and how; | ||
- Company participation in fair labor organizations; | ||
- Type of business; | ||
- Proportion of business conducted overseas; | ||
- Countries of operation with known human rights abuses; | ||
- Whether the company has been recently involved in significant labor and human rights controversies or violations; | ||
- Peer company standards and practices; and | ||
- Union presence in company’s international factories |
11 | Such request may be made to the client’s portfolio or relationship manager or addressed in writing to Secretary, BlackRock Equity Investment Policy Oversight Committee, Legal and Compliance Department, BlackRock Inc., 40 East 52nd Street, New York, New York 10022. |
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620 8th Avenue
New York, NY 10018
Attention: Client Services
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Form N-PX
ERISA Department of Labor Bulletin 94-2
Institutional Shareholder Services, Inc. (SEC No Action Letter dated September 15, 2004)
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12 | Bank of America Corporation (“BAC”), the ultimate corporate parent of CMA, Bank of America, N.A. and all of their numerous affiliates owns, operates and has interests in many lines of business that may create or give rise to the appearance of a conflict of interest between BAC or its affiliates and those of CMA-advised clients. For example, the commercial and investment banking business lines may have interests with respect to issuers of voting securities that could appear to or even actually conflict with CMA’s duty, in the proxy voting process, to act in the best economic interest of its clients. |
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• | Causing the proxies to be voted in accordance with the recommendations of an independent third party (which generally will be CMA’s proxy voting agent); | ||
• | Causing the proxies to be delegated to a qualified, independent third party, which may include CMA’s proxy voting agent; or | ||
• | In unusual cases, with the Client’s consent and upon ample notice, forwarding the proxies to CMA’s clients so that they may vote the proxies directly. |
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• | The name of the issuer of the security; | ||
• | The exchange ticker symbol of the portfolio security (if symbol is available through reasonably practicable means); | ||
• | The Council on Uniform Securities Identification Procedures number for the portfolio security (if number is available through |
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reasonably practicable means); | |||
• | The shareholder meeting date; | ||
• | A brief identification of the matter voted on; | ||
• | Whether the matter was proposed by the issuer or by a security holder; | ||
• | Whether the company cast its vote on the matter; | ||
• | How the company cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding the election of directors); and | ||
• | Whether the company cast its vote for or against management. |
Document | Responsible Party | |
Proxy Committee Meeting Minutes and Related Materials | Proxy Group in GWIM Investment Operations | |
Proxy Vote Recommendation Form and Supporting Materials of Investment Management Personnel Concerning Proxy Decisions and Recommendations (or any other document created by CMA taht was material to making a voting decision or that memorializes the basis for the voting decision) | Proxy Group in GWIM Investment Operations | |
Conflicts of Interest Review Documentation, including Conflicts of Interest Forms | Compliance Risk Management | |
Client Communications Regarding Proxy Matters | Client Service Group | |
Copy of Each Applicable Proxy Statement Unless it has been Filed with the SEC and may be Obtained from the SEC’s EDGAR System | Proxy Group in GWIM Investment Operations |
CMA’S VOTING GUIDELINES
• | Proposals for the election of directors or for an increase or decrease in the number of directors, provided that no more than one-third of the Board of Directors would, presently or at any time during the previous three-year period, be from management. However, CMA generally will WITHHOLD votes from pertinent director nominees if: |
(i) | the board as proposed to be constituted would have more than one-third of its members from management; | ||
(ii) | the board does not have audit, nominating, and compensation committees composed solely of directors who qualify as being regarded as “independent,” i.e. having no material relationship, directly or indirectly, with the Company, as CMA’s proxy voting agent may determine (subject to the Proxy Committee’s contrary determination of independence or non-independence); | ||
(iii) | the nominee, as a member of the audit committee, permitted the company to incur excessive non-audit fees (as defined below regarding other business matters — ratification of the appointment of auditors); | ||
(iv) | a director serves on more than six public company boards; | ||
(v) | the CEO serves on more than two public company boards other than the company’s board. |
On a CASE-BY-CASE basis, CMA may WITHHOLD votes for a director nominee who has failed to observe good corporate governance practices or, through specific corporate action or inaction (e.g. failing to implement policies for which a majority of shareholders has previously cast votes in favor), has demonstrated a disregard for the interests of shareholders. | |||
• | Proposals requesting that the board audit, compensation and/or nominating committee be composed solely of independent directors. The Audit Committee must satisfy the independence and experience requirements established by the Securities and Exchange Commission (“SEC”) and the New York Stock Exchange, or appropriate local requirements for foreign securities. At least one member of the Audit Committee must qualify as a “financial expert” in accordance with SEC rules. | ||
• | Proposals to declassify a board, absent special circumstances that would indicate that shareholder interests are better served by a classified board structure. |
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• | Proposals to create or eliminate positions or titles for senior management. CMA generally prefers that the role of Chairman of the Board and CEO be held by different persons unless there are compelling reasons to vote AGAINST a proposal to separate these positions, such as the existence of a counter-balancing governance structure that includes at least the following elements in addition to applicable listing standards: |
o | Established governance standards and guidelines. | ||
o | Full board composed of not less than two-thirds “independent” directors, as defined by applicable regulatory and listing standards. | ||
o | Compensation, as well as audit and nominating (or corporate governance) committees composed entirely of independent directors. | ||
o | A designated or rotating presiding independent director appointed by and from the independent directors with the authority and responsibility to call and preside at regularly and, as necessary, specially scheduled meetings of the independent directors to be conducted, unless the participating independent directors otherwise wish, in executive session with no members of management present. | ||
o | Disclosed processes for communicating with any individual director, the presiding independent director (or, alternatively, all of the independent directors, as a group) and the entire board of directors, as a group. | ||
o | The pertinent class of the Company’s voting securities has out-performed, on a three-year basis, both an appropriate peer group and benchmark index, as indicated in the performance summary table of the Company’s proxy materials. This requirement shall not apply if there has been a change in the Chairman/CEO position within the three-year period. |
• | Proposals that grant or restore shareholder ability to remove directors with or without cause. | ||
• | Proposals to permit shareholders to elect directors to fill board vacancies. | ||
• | Proposals that encourage directors to own a minimum amount of company stock. | ||
• | Proposals to provide or to restore shareholder appraisal rights. | ||
• | Proposals to adopt cumulative voting. | ||
• | Proposals for the company to adopt confidential voting. |
• | Proposals to classify boards, absent special circumstances indicating that shareholder interests would be better served by a classified board structure. | ||
• | Proposals that give management the ability to alter the size of the board without shareholder approval. | ||
• | Proposals that provide directors may be removed only by supermajority vote. | ||
• | Proposals to eliminate cumulative voting. | ||
• | Proposals which allow more than one vote per share in the election of directors. | ||
• | Proposals that provide that only continuing directors may elect replacements to fill board vacancies. | ||
• | Proposals that mandate a minimum amount of company stock that directors must own. | ||
• | Proposals to limit the tenure of non-management directors. |
• | Reimbursement of proxy solicitation expenses taking into consideration whether or not CMA was in favor of the dissidents. | ||
• | Proxy contest advance notice. CMA generally will vote FOR proposals that allow shareholders to submit proposals as close to the meeting date as possible while allowing for sufficient time for Company response, SEC review, and analysis by other shareholders. | ||
• | CMA will vote on a CASE-BY-CASE basis to indemnify directors and officers, and AGAINST proposals to indemnify external auditors. | ||
• | CMA will vote FOR the indemnification of internal auditors, unless the costs associated with the approval are not disclosed. |
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• | Proposals requiring that executive severance arrangements be submitted for shareholder ratification. | ||
• | Proposals asking a company to expense stock options. | ||
• | Proposals to put option repricings to a shareholder vote. | ||
• | Employee stock purchase plans that have the following features: (i) the shares purchased under the plan are acquired for no less than 85% of their market value, (ii) the offering period under the plan is 27 months or less, and (iii) dilution is 10% or less. | ||
• | Proposals for the remuneration of auditors if no more than 33% of the compensation costs comes from non audit activity. |
• | Stock option plans that permit issuance of options with an exercise price below the stock’s current market price, or that permit replacing or repricing of out-of-the money options. | ||
• | Proposals to authorize the replacement or repricing of out-of-the money options. | ||
• | Proposals requesting that plan administrators have advance authority to amend the terms of a plan without detailed disclosure of the specific amendments. When sufficient details are provided on the amendments permitted by the advance authority, CMA will recommend on such proposals on a CASE-BY-CASE basis |
• | Proposals to increase the authorized shares for stock dividends, stock splits (and reverse stock splits) or general issuance, unless proposed as an anti-takeover measure or a general issuance proposal increases the authorization by more than 30% without a clear need presented by the company. Proposals for reverse stock splits should include an overall reduction in authorization. | ||
For companies recognizing preemptive rights for existing shareholders, CMA generally will vote FOR general issuance proposals that increase the authorized shares by more than 30%. CMA will vote on a CASE-BY-CASE basis all such proposals by companies that do not recognize preemptive rights for existing shareholders. | |||
• | Proposals for the elimination of authorized but unissued shares or retirement of those shares purchased for sinking fund or treasury stock. | ||
• | Proposals to institute/renew open market share repurchase plans in which all shareholders may participate on equal terms. | ||
• | Proposals to reduce or change the par value of common stock, provided the number of shares is also changed in order to keep the capital unchanged. |
• | Management proposals that allow listed companies to de-list and terminate the registration of their common stock. CMA will determine whether the transaction enhances shareholder value by giving consideration to: |
o | Whether the company has attained benefits from being publicly traded. | ||
o | Cash-out value | ||
o | Balanced interests of continuing vs. cashed-out shareholders | ||
o | Market reaction to public announcement of transaction |
• | CMA votes FOR shareholder proposals that ask a company to submit its poison pill for shareholder ratification. | ||
• | CMA generally votes FOR shareholder proposals to eliminate a poison pill. | ||
• | CMA generally votes AGAINST management proposals to ratify a poison pill. |
• | CMA will vote FOR proposals to adopt anti-greenmail charter or bylaw amendments or to otherwise restrict a company’s ability to make greenmail payments. |
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• | CMA will vote AGAINST board-approved proposals to adopt anti-takeover measures such as supermajority voting provisions, issuance of blank check preferred stock, the creation of a separate class of stock with disparate voting rights and charter amendments adopting control share acquisition provisions. |
• | CMA will vote FOR proposals to opt out of control share acquisition statutes. |
• | Bylaw amendments giving holders of at least 25% of outstanding common stock the ability to call a special meeting of stockholders. | ||
• | Board governance document amendments or other proposals which give the lead independent director the authority to call special meetings of the independent directors at any time. |
• | Proposals to approve routine business matters such as changing the company’s name and procedural matters relating to the shareholder meeting such as approving the minutes of a prior meeting. | ||
• | Proposals to ratify the appointment of auditors, unless any of the following apply in which case CMA will generally vote AGAINST the proposal: |
o | Credible reason exists to question: |
§ | The auditor’s independence, as determined by applicable regulatory requirements. | ||
§ | The accuracy or reliability of the auditor’s opinion as to the company’s financial position. |
o | Fees paid to the auditor or its affiliates for “non-audit” services were excessive, i.e., in excess of the total fees paid for “audit,” “audit-related” and “tax compliance” and/or “tax return preparation” services, as disclosed in the company’s proxy materials. |
• | Bylaw or charter changes that are of a housekeeping nature (e.g., updates or corrections). | ||
• | Proposals to approve the annual reports and accounts provided the certifications required by the Sarbanes Oxley Act of 2002 have been provided. |
• | Proposals to eliminate the right of shareholders to act by written consent or call special meetings. | ||
• | Proposals providing management with authority to adjourn an annual or special shareholder meeting absent compelling reasons, or to adopt, amend or repeal bylaws without shareholder approval, or to vote unmarked proxies in favor of management. | ||
• | Shareholder proposals to change the date, time or location of the company’s annual meeting of shareholders. |
• | Authorization to transact other unidentified substantive (as opposed to procedural) business at a meeting. |
• | Proposals to change the location of the company’s state of incorporation. CMA considers whether financial benefits (e.g., reduced fees or taxes) likely to accrue to the company as a result of a reincorporation or other change of domicile outweigh any accompanying material diminution of shareholder rights. | ||
• | Proposals on whether and how to vote on “bundled” or otherwise conditioned proposals, depending on the overall economic effects upon shareholders. |
• | FOR proposals seeking inquiry and reporting with respect to, rather than cessation or affirmative implementation of, specific policies where the pertinent issue warrants separate communication to shareholders; and | ||
• | FOR or AGAINST the latter sort of proposal in light of the relative benefits and detriments (e.g. distraction, costs, other burdens) to share value which may be expected to flow from passage of the proposal. |
• | Most stock (scrip) dividend proposals. CMA votes AGAINST proposals that do not allow for a cash option unless management demonstrates that the cash option is harmful to shareholder value. | ||
• | Proposals to capitalize the company’s reserves for bonus issues of shares or to increase the par value of shares. | ||
• | Proposals to approve control and profit transfer agreements between a parent and its subsidiaries. | ||
• | Management proposals seeking the discharge of management and supervisory board members, unless there is concern about the past actions of the company’s auditors/directors and/or legal action is being taken against the board by other shareholders. |
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• | Management proposals concerning allocation of income and the distribution of dividends, unless the proxy vendor would vote against such proposal in accordance with its guidelines, in which case CMA will evaluate the proposal on a CASE-BY-CASE basis. | ||
• | Proposals for the adoption of financing plans if they are in the best economic interests of shareholders. |
• | The supervisory board needs to approve an issuance of shares while the supervisory board is independent within the meaning of CMA’ categorization rules and the Dutch Corporate Governance Code. | ||
• | No call/put option agreement exists between the company and the foundation. | ||
• | There is a qualifying offer clause or there are annual management and supervisory board elections. | ||
• | The issuance authority is for a maximum of 18 months. | ||
• | The board of the company-friendly foundation is independent. | ||
• | The company has disclosed under what circumstances it expects to make use of the possibility to issue preference shares. | ||
• | There are no priority shares or other egregious protective or entrenchment tools. | ||
• | The company releases its proxy circular, with details of the poison pill proposal, at least three weeks prior to the meeting. | ||
• | Art 2:359c Civil Code of the legislative proposal has been implemented. |
• | Board structure | ||
• | Attendance at board and committee meetings. |
• | Attend less than 75 percent of the board and committee meetings without a valid excuse for the absences. Valid reasons include illness or absence due to company business. Participation via telephone is acceptable. In addition, if the director missed only one meeting or one day’s meetings, votes should not be withheld even if such absence dropped the director’s attendance below 75 percent. | ||
• | Ignore a shareholder proposal that is approved by a majority of shares outstanding; | ||
• | Ignore a shareholder proposal this is approved by a majority of the votes cast for two consecutive years; | ||
• | Are interested directors and sit on the audit or nominating committee; or | ||
• | Are interested directors and the full board serves as the audit or nominating committee or the company does not have one of these committees. |
• | Past performance relative to its peers | ||
• | Market in which fund invests | ||
• | Measures taken by the board to address the pertinent issues (e.g., closed-end fund share market value discount to NAV) | ||
• | Past shareholder activism, board activity and votes on related proposals | ||
• | Strategy of the incumbents versus the dissidents | ||
• | Independence of incumbent directors; director nominees | ||
• | Experience and skills of director nominees | ||
• | Governance profile of the company | ||
• | Evidence of management entrenchment |
• | Past performance as a closed-end fund | ||
• | Market in which the fund invests | ||
• | Measures taken by the board to address the discount | ||
• | Past shareholder activism, board activity, and votes on related proposals. |
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• | Proposed and current fee schedules | ||
• | Fund category/investment objective | ||
• | Performance benchmarks | ||
• | Share price performance as compared with peers | ||
• | Resulting fees relative to peers | ||
• | Assignments (where the adviser undergoes a change of control) |
• | Stated specific financing purpose | ||
• | Possible dilution for common shares | ||
• | Whether the shares can be used for antitakover purposes |
• | Potential competitiveness | ||
• | Regulatory developments | ||
• | Current and potential returns | ||
• | Current and potential risk |
• | Fund’s target investments | ||
• | Reasons given by the fund for the change | ||
• | Projected impact of the change on the portfolio |
• | Political/economic changes in the target market | ||
• | Consolidation in the target market | ||
• | Current asset composition |
• | Potential competitiveness | ||
• | Current and potential returns | ||
• | Risk of concentration | ||
• | Consolidation in target industry |
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• | Strategies employed to salvage the company | ||
• | Past performance of the fund | ||
• | Terms of the liquidation |
• | The degree of change implied by the proposal | ||
• | The efficiencies that could result | ||
• | The state of incorporation; net effect on shareholder rights | ||
• | Regulatory standards and implications |
• | Proposals allowing the Board to impose, without shareholder approval, fees payable upon redemption of fund shares, provided imposition of such fees is likely to benefit long-term fund investors (e.g., by deterring market timing activity by other fund investors) | ||
• | Proposals enabling the Board to amend, without shareholder approval, the fund’s management agreement(s) with its investment adviser(s) or sub-advisers, provided the amendment is not required by applicable law (including the Investment Company Act of 1940) or interpretations thereunder to require such approval |
• | Proposals enabling the Board to: |
o | Change, without shareholder approval the domicile of the fund | ||
o | Adopt, without shareholder approval, material amendments of the fund’s declaration of trust or other organizational document |
• | Regulations of both states | ||
• | Required fundamental policies of both states | ||
• | The increased flexibility available |
Distribution Agreements:
• | Fees charged to comparably sized funds with similar objectives | ||
• | The proposed distributor’s reputation and past performance | ||
• | The competitiveness of the fund in the industry | ||
• | Terms of the agreement |
• | Resulting fee structure | ||
• | Performance of both funds | ||
• | Continuity of management personnel | ||
• | Changes in corporate governance and their impact on shareholder rights |
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Shareholder Proposals to Terminate the Investment Adviser:
• | Performance of the fund’s NAV | ||
• | The fund’s history of shareholder relations | ||
• | The performance of other funds under the adviser’s management |
Issuer and Proxy Matter: | ||
1. | Do you or any member of your immediate family have an existing (or potential) business, financial, personal or other relationship with any management personnel of the issuer13? | ||
2. | Do you or any member of your immediate family have an existing (or potential) business, financial, personal or other relationship with any person participating, supporting, opposing or otherwise connected with the particular proxy proposal (e.g., principals of the issuer; director nominees of issuer company; shareholder activists)? | ||
3. | Have you discussed this particular proxy proposal with anyone outside of Columbia Management’s investment group14? | ||
4. | Are you aware of any other potential personal conflicts of interest not described above? Please detail below. | ||
Name: | ||
Signed: | ||
Date: | ||
13 | Personal investing in the issuer by you or a member of your immediate family does not require an affirmative response to this item. | |
14 | Communications with issuer or solicitors in the regular course of business would not have to be disclosed on this form. |
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Name of Investment Associate: | ||||||||||
Company Name: | ||||||||||
Overview of Proxy Vote and Meeting Date: | ||||||||||
Proxy Agenda Item(s) | ||||||||||
Description of Item: | ||||||||||
(The above information will be pre-populated by the Proxy Department.) | ||||||||||
Recommendation (FOR , AGAINST, ABSTAIN) including brief rationale: | ||||||||||
Please attach any supporting information other than analysis or reports provided by the Proxy Department. | ||||||||||
Signed |
ISS Proxy Voting Guidelines Summary
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• | Attend less than 75 percent of the board and committee meetings without a valid excuse | |
• | Implement or renew a dead-hand or modified dead-hand poison pill | |
• | Ignore a shareholder proposal that is approved by a majority of the shares outstanding | |
• | Ignore a shareholder proposal that is approved by a majority of the votes cast for two consecutive years | |
• | Have failed to act on takeover offers where the majority of the shareholders have tendered their shares | |
• | Are inside directors and sit on the audit, compensation, or nominating committees | |
• | Are inside directors and the full board serves as the audit, compensation, or nominating committee or the company does not have one of these committees |
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• | adverse governance changes | |
• | excessive increases in authorized capital stock | |
• | unfair method of distribution | |
• | diminution of voting rights | |
• | adverse conversion features | |
• | negative impact on stock option plans | |
• | other alternatives such as spinoff |
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• | attend less than 75 percent of the board and committee meetings without a valid excuse for the absences. Valid reasons include illness or absence due to company business. Participation via telephone is acceptable. In addition, if the director missed only one meeting or one day’s meetings, votes should not be withheld even if such absence dropped the director’s attendance below 75 percent. | |
• | ignore a shareholder proposal that is approved by a majority of shares outstanding | |
• | ignore a shareholder proposal that is approved by a majority of the votes cast for two consecutive years | |
• | are interested directors and sit on the audit or nominating committee | |
• | are interested directors and the full board serves as the audit or nominating committee or the company does not have one of these committees. |
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Terminate the Investment Advisor
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In addition, the Adviser will not vote if it determines that the consequences or costs outweigh the potential benefit of voting. For example, if a foreign market requires shareholders casting proxies to retain the voted shares until the meeting date (thereby rendering the shares “illiquid” for some period of time), the Adviser will not vote proxies for such shares.
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• | MCM’s security analysts generally review proxy proposals as part of their monitoring of portfolio companies. Under MCM’s investment discipline, one of the qualities that MCM generally seeks in companies selected for client portfolios is good management teams that generally seek to serve shareholder interests. Because MCM believes that the management teams of most companies it invests in generally seek to serve shareholder interests, MCM believes that voting proxy proposals in clients’ best economic interests usually means voting with the recommendations of these management teams (including their boards of directors). |
• | In certain circumstances, MCM’s vote-by-vote analysis of proxy proposals could lead it to conclude that particular management or board recommendations may not appear as closely aligned with shareholder interests as MCM may deem desirable, or could be disregarded in the best interests of shareholders. In those and other circumstances, MCM may, in its sole discretion, vote against a management or board recommendation (or abstain or take no action) based on its analysis if such a vote appears consistent with the best interests of clients. |
• | MCM may process certain proxies without voting them, such as by making a decision to abstain from voting or take no action on such proxies (or on certain proposals within such proxies). Examples include, without limitation, proxies issued by companies that MCM has decided to sell, proxies issued for securities that MCM did not select for a client portfolio (such as, without limitation, securities that were selected by a previous adviser, unsupervised securities held in a client’s account, money market securities, or other securities selected by clients or their representatives other than MCM), or proxies issued by foreign companies that impose burdensome or unreasonable voting, power of attorney, or holding requirements. MCM also may abstain from voting, or take no action on, proxies in other circumstances, such as when voting may not be in the best interests of clients, as an alternative to voting with (or against) management, or when voting may be unduly burdensome or expensive, or if MCM may have a material conflict of interest in voting certain proxies and alternative voting procedures are not desirable. |
• | In circumstances when there may be an apparent material conflict of interest between MCM’s interests and clients’ interests in how proxies are voted (such as when MCM knows that a proxy issuer is also an MCM client), MCM generally will resolve any appearance concerns by causing those proxies to be “echo voted” or “mirror voted” in the same proportion as other votes, by voting the proxies as recommended by an independent service provider, or by abstaining or taking no action. In other cases, MCM might use other procedures to resolve an apparent material conflict. |
• | MCM may use an independent service provider to assist in voting proxies, keep voting records, and disclose voting information to clients. MCM’s Proxy Voting policy and reports describing the voting of a client’s proxies are available to the client on request. |
• | MCM seeks to ensure that, to the extent reasonably feasible, proxies for which MCM receives ballots in good order and receives timely notice will be voted or otherwise processed (such as through a decision to abstain or take no action) as intended under MCM’s Proxy Voting policy and procedures. MCM may be unable to vote or otherwise process proxy ballots that are not received or processed in a timely manner due to functional limitations of the proxy voting system, custodial limitations, or other factors beyond MCM’s control. Such ballots may include, without limitation, ballots for securities out on loan under securities lending programs initiated by the client or its custodian, ballots not timely forwarded by a custodian, or ballots for which MCM does not timely receive essential information such as the proxy proposal itself or modifications to the required voting date. Other ballots may be voted but not counted, or may be counted in an unexpected way, because of factors such as foreign voting requirements or other limitations. |
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MASSACHUSETTS FINANCIAL SERVICES COMPANY
A. | Voting Guidelines; | ||
B. | Administrative Procedures; | ||
C. | Monitoring System; | ||
D. | Records Retention; and | ||
E. | Reports. |
1. | General Policy; Potential Conflicts of Interest |
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2. | MFS’ Policy on Specific Issues | |
Election of Directors |
• | Establish guidelines for the process by which the company determines the status of nominees who fail to receive an affirmative majority of votes cast and disclose the guidelines in the annual proxy statement; | ||
• | Guidelines should include a reasonable timetable for resolution of the nominee’s status and a requirement that the resolution be disclosed together with the reasons for the resolution; | ||
• | Vest management of the process in the company’s independent directors, other than the nominee in question; and | ||
• | Outline the range of remedies that the independent directors may consider concerning the nominee. |
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1. | MFS Proxy Voting Committee |
a. | Reviews these MFS Proxy Voting Policies and Procedures at least annually and recommends any amendments considered to be necessary or advisable; | ||
b. | Determines whether any potential material conflict of interest exist with respect to instances in which MFS (i) seeks to override these MFS Proxy Voting Policies and Procedures; (ii) votes on ballot items not governed by these MFS Proxy Voting Policies and Procedures; (iii) evaluates an excessive executive compensation issue in relation to the election of directors; or (iv) requests a vote recommendation from an MFS portfolio manager or investment analyst (e.g. mergers and acquisitions); and | ||
c. | Considers special proxy issues as they may arise from time to time. |
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2. | Potential Conflicts of Interest |
a. | In cases where proxies are voted in accordance with these MFS Proxy Voting Policies and Procedures, no material conflict of interest will be deemed to exist. In cases where (i) MFS is considering overriding these MFS Proxy Voting Policies and Procedures, (ii) matters presented for vote are not clearly governed by these MFS Proxy Voting Policies and Procedures, (iii) MFS evaluates an excessive executive compensation issue in relation to the election of directors, or (iv) a vote recommendation is requested from an MFS portfolio manager or investment analyst (e.g. mergers and acquisitions) (collectively, “Non Standard Votes”); the MFS Proxy Voting Committee will follow these procedures: | ||
b. | Compare the name of the issuer of such proxy against a list of significant current (i) distributors of MFS Fund shares, and (ii) MFS institutional clients (the “MFS Significant Client List”); | ||
c. | If the name of the issuer does not appear on the MFS Significant Client List, then no material conflict of interest will be deemed to exist, and the proxy will be voted as otherwise determined by the MFS Proxy Voting Committee; | ||
d. | If the name of the issuer appears on the MFS Significant Client List, then the MFS Proxy Voting Committee will be apprised of that fact and each member of the MFS Proxy Voting Committee will carefully evaluate the proposed vote in order to ensure that the proxy ultimately is voted in what MFS believes to be the best long-term economic interests of MFS’ clients, and not in MFS’ corporate interests; and | ||
e. | For all potential material conflicts of interest identified under clause (c) above, the MFS Proxy Voting Committee will document: the name of the issuer, the issuer’s relationship to MFS, the analysis of the matters submitted for proxy vote, the votes as to be cast and the reasons why the MFS Proxy Voting Committee determined that the votes were cast in the best long-term economic interests of MFS’ clients, and not in MFS’ corporate interests. A copy of the foregoing documentation will be provided to MFS’ Conflicts Officer. |
3. | Gathering Proxies |
4. | Analyzing Proxies |
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5. | Voting Proxies |
6. | Securities Lending |
C. | MONITORING SYSTEM |
D. | RECORDS RETENTION |
15 | From time to time, due to travel schedules and other commitments, an appropriate portfolio manager or research analyst is not available to provide a recommendation on a merger or acquisition proposal. If such a recommendation cannot be obtained prior to the cut-off date of the shareholder meeting, certain members of the MFS Proxy Voting Committee may determine to abstain from voting. |
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E. | REPORTS | |
MFS Funds |
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MSIM will promptly provide a copy of this Policy to any client requesting it. MSIM will also, upon client request, promptly provide a report indicating how each proxy was voted with respect to securities held in that client’s account.
MSIM’s Legal Department is responsible for filing an annual Form N-PX on behalf of each MSIM Fund for which such filing is required, indicating how all proxies were voted with respect to such Fund’s holdings.
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Neuberger Berman Management LLC
Non-Socially Responsive Clients
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Jack Rivkin | Chief Investment Officer | |||
Judith Vale | Portfolio Manager | |||
Maxine Gerson | Legal and Compliance | |||
Vincent Pecoraro | Portfolio Administration |
• | The fund votes with the recommendation of the issuer’s management on routine matters, including election of directors nominated by management and ratification of the independent registered public accounting firm, unless circumstances indicate otherwise. | ||
• | In general, the fund opposes “anti-takeover” proposals and supports the elimination of anti-takeover proposals, absent unusual circumstances. | ||
• | The fund supports shareholder proposals to reduce a super-majority vote requirement, and opposes management proposals to add a super-majority vote requirement. | ||
• | The fund opposes proposals to classify the board of directors. | ||
• | The fund supports proposals to eliminate cumulative voting. | ||
• | The fund opposes re-pricing of stock options. | ||
• | The fund generally considers executive compensation questions such as stock option plans and bonus plans to be ordinary business activity. The fund analyzes stock option plans, paying particular attention to their dilutive effect. While the fund generally supports management proposals, the Fund opposes plans it considers to be excessive. |
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• | Name of the issuer of the security; | |
• | Exchange ticker symbol; | |
• | CUSIP number, if available; | |
• | Shareholder meeting date; | |
• | Brief summary of the matter voted upon; | |
• | Source of the proposal, i.e., issuer or shareholder; | |
• | Whether the fund voted on the matter; | |
• | How the fund voted; and | |
• | Whether the fund voted with or against management. |
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THORNBURG INVESTMENT TRUST
POLICY ON PROXY VOTING
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(a) | Plan trustees are ordinarily responsible for voting securities held by a plan, unless the plan documents direct Thornburg or another person to vote the proxies. | ||
(b) | If Thornburg is delegated authority to vote proxies, voting may be subject to specific written guidelines issued by the plan’s trustees or other officials. | ||
(c) | Thornburg may not delegate authority to vote proxies, unless the plan documents or other written agreement expressly permit delegation. |
(a) | Collecting and assembling proxy statements and other communications pertaining to proxy voting, together with proxies or other means of voting or giving voting instructions, and providing those materials to the appropriate portfolio managers to permit timely voting of proxies; | ||
(b) | Collecting recommendations, analysis, commentary and other information respecting subjects of proxy votes, from service providers engaged by Thornburg and other services specified by portfolio managers, and providing this information to the appropriate portfolio managers to permit evaluation of proxy voting issues; | ||
(c) | Providing to appropriate portfolio managers any specific voting instructions from Investment Clients; | ||
(d) | Collecting proxy votes or instructions from portfolio managers, and transmitting the votes or instructions to the appropriate custodians, brokers, nominees or other persons (which may include proxy voting services or agents engaged by Thornburg); | ||
(e) | Accumulating Voting Results as set forth in this Policy (which may be performed by proxy voting services or agents engaged by Thornburg) and transmitting or arranging for the transmission of that information in accordance with “Communicating Votes,” below; and | ||
(f) | Participating in the annual review of policy function as set forth in this Policy. |
(a) | The name of the issuer of the portfolio security; | ||
(b) | The exchange ticker symbol of the portfolio security; | ||
(c) | The CUSIP number for the portfolio security; |
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(d) | The shareholder meeting date; | ||
(e) | A brief identification of the matter voted on; | ||
(g) | Whether a vote was cast on the matter; | ||
(h) | How we cast the vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors); and | ||
(i) | Whether we cast the vote for or against management. |
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(a) | Review a sample of the record of voting delegation maintained by the Proxy Voting Coordinator against Voting Results to determine if Thornburg is exercising its authority to vote proxies on portfolio securities held in the selected Accounts; | ||
(b) | Request and review voting data to determine if timely communication of proxy votes is reasonably accomplished during the period reviewed; | ||
(c) | Meet with the Proxy Voting Coordinator to review the voting of proxies, communication of proxy votes, accumulation of Voting Results and the general functioning of this Policy; | ||
(d) | Evaluate the performance of any proxy voting services or agents employed by Thornburg, including whether or not the service or agent maintains its independence with respect to companies the securities of which are the subject of voting recommendations, information or analysis from the service or agent; and | ||
(e) | Prepare written reports respecting the foregoing items to the President, the Trustees of Thornburg Investment Trust, and any Investment Company Clients for which such a report is required. |
(i) | Copies of this Policy as from time to time revised or supplemented; | ||
(ii) | A copy of each proxy statement that Thornburg receives regarding Investment Client securities. In maintaining a record of proxy statements referred to in this item, the Proxy Voting Coordinator may rely on obtaining copies from the Securities and Exchange Commission’s EDGAR system; | ||
(iii) | Voting Results for each Investment Client; | ||
(iv) | A copy of any document created by Thornburg that was material to making a decision how to vote proxies on behalf of an Investment Client or that memorializes the basis for that decision; | ||
(v) | A copy of each written Investment Client request for information on how Thornburg voted proxies on behalf of the Investment Client, and a copy of any written response by Thornburg to any (written or oral) Investment Client request for information on how Thornburg voted proxies on behalf of the requesting Investment Client; | ||
(vi) | Communications to Investment Clients respecting Conflicts of Interest; and |
(vii) | All written reports arising from annual reviews of policy function. |
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I. | Purpose |
II. | TAM’s Advisory Activities |
III. | Summary of the TAM Proxy Policy |
IV. | Delegation of Proxy Voting Authority to Sub-Advisers |
V. | Administration, Review and Submission to Board of Sub-Adviser Proxy Policies |
A. | Appointment of Proxy Administrator |
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B. | Initial Review |
C. | Subsequent Review |
D. | Record of Proxy Votes Exercised by Sub-Adviser |
VI. | TAM Exercise of Proxy Voting Authority |
A. | Use of Independent Third Party |
B. | Conflict with View of Independent Third Party |
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C. | Asset Allocation Portfolios |
VII. | Conflicts of Interest Between TAM or Its Affiliates and the Funds |
VIII. | Recordkeeping |
A. | Records Generally Maintained |
B. | Records for TAM Exercise of Proxy Voting Authority |
C. | Records Pertaining to Sub-Adviser Proxy Policies |
D. | Time Periods for Record Retention |
IX. | Provision of TAM Proxy Policy to Fund Clients |
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1. | Auditors |
• | 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. |
2. | Board of Directors |
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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.
3. | Shareholder Rights |
4. | Proxy Contests |
5. | Poison Pills |
Vote FOR shareholder proposals that ask a company to submit its poison pill for shareholder ratification. Review on a CASE-BY-CASE basis shareholder proposals to redeem a company’s poison pill and management proposals to ratify a poison pill. |
6. | Mergers and Corporate Restructurings |
Vote CASE-BY-CASE on mergers and corporate restructurings based on such features as the fairness opinion, pricing, strategic rationale, and the negotiating process. |
7. | Reincorporation Proposals |
8. | Capital Structure |
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9. | Executive and Director Compensation |
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. |
10. | Social and Environmental Issues |
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• Code of Ethics
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Statement of Procedures | Wellington Management has in place certain procedures for implementing its proxy voting policies. | |
General Proxy Voting | Authorization to Vote | |
Wellington Management will vote only those proxies for which its clients have affirmatively delegated proxy-voting authority. | ||
Receipt of Proxy | ||
Proxy materials from an issuer or its information agent are forwarded to registered owners of record, typically the client’s custodian bank. If a client requests that Wellington Management votes proxies on its behalf, the client must instruct its custodian bank to deliver all relevant voting material to Wellington Management or its voting agent. Wellington Management, or its voting agent, may receive this voting information by mail, fax, or other electronic means. | ||
Reconciliation | ||
To the extent reasonably practicable, each public security proxy received by electronic means is matched to the securities eligible to be voted and a reminder is sent to any custodian or trustee that has not forwarded the proxies as due. Although proxies received for private securities, as well as those received in non-electronic format, are voted as received, Wellington Management is not able to reconcile these proxies to holdings, nor does it notify custodians of non-receipt. |
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Voting Guidelines | Composition and Role of the Board of Directors | |||||
o | Election of Directors: | Case-by-Case | ||||
Wellington Management believes that shareholders’ ability to elect directors annually is the most important right shareholders have. We generally support management nominees, but will withhold votes from any director who is demonstrated to have |
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acted contrary to the best economic interest of shareholders. We may also withhold votes from directors who failed to implement shareholder proposals that received majority support, implemented dead-hand or no-hand poison pills, or failed to attend at least 75% of scheduled board meetings. | ||||||
o | Classify Board of Directors: | Against | ||||
We will also vote in favor of shareholder proposals seeking to declassify boards. | ||||||
o | Adopt Director Tenure/Retirement Age (SP): | Against | ||||
o | Adopt Director & Officer Indemnification: | For | ||||
We generally support director and officer indemnification as critical to the attraction and retention of qualified candidates to the board. Such proposals must incorporate the duty of care. |
o | Allow Special Interest Representation to Board (SP): | Against | ||||
o | Require Board Independence: | For | ||||
Wellington Management believes that, in the absence of a compelling counter-argument or prevailing market norms, at least 65% of a board should be comprised of independent directors, with independence defined by the local market regulatory authority. Our support for this level of independence may include withholding approval for non-independent directors, as well as votes in support of shareholder proposals calling for independence. | ||||||
o | Require Key Board Committees to be Independent. | For | ||||
Key board committees are the Nominating, Audit, and Compensation Committees. Exceptions will be made, as above, in respect of local market conventions. | ||||||
o | Require a Separation of Chair and CEO or Require a Lead Director: | For | ||||
o | Approve Directors’ Fees: | For | ||||
o | Approve Bonuses for Retiring Directors: | Case-by-Case | ||||
o | Elect Supervisory Board/Corporate Assembly: | For | ||||
o | Elect/Establish Board Committee: | For | ||||
o | Adopt Shareholder Access/Majority Vote on Election of Directors (SP): | Case-by-Case | ||||
Wellington Management believes that the election of directors by a majority of votes cast is the appropriate standard for companies to adopt and therefore generally will support those proposals that seek to adopt such a standard. Our support for such proposals will extend typically to situations where the relevant company has an existing resignation policy in place for directors that receive a majority of “withhold” votes. We believe that it is important for majority voting to be defined within the company’s charter and not simply within the company’s corporate governance policy. | ||||||
Generally we will not support proposals that fail to provide for the exceptional use of a plurality standard in the case of contested elections. Further, we will not support proposals that seek to adopt a majority of votes outstanding (i.e., total votes eligible to be cast as opposed to actually cast) standard. |
o | Adopt/Amend Stock Option Plans: | Case-by-Case | ||||
o | Adopt/Amend Employee Stock Purchase Plans: | For | ||||
o | Approve/Amend Bonus Plans: | Case-by-Case | ||||
In the US, Bonus Plans are customarily presented for shareholder approval pursuant to Section 162(m) of the Omnibus Budget Reconciliation Act of 1992 (“OBRA”). OBRA stipulates that certain forms of compensation are not tax-deductible unless approved by |
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shareholders and subject to performance criteria. Because OBRA does not prevent the payment of subject compensation, we generally vote “for” these proposals. Nevertheless, occasionally these proposals are presented in a bundled form seeking 162 (m) approval and approval of a stock option plan. In such cases, failure of the proposal prevents the awards from being granted. We will vote against these proposals where the grant portion of the proposal fails our guidelines for the evaluation of stock option plans. | ||||||
o | Approve Remuneration Policy: | Case-by-Case | ||||
o | Exchange Underwater Options: | Case-by-Case | ||||
Wellington Management may support value-neutral exchanges in which senior management is ineligible to participate. | ||||||
o | Eliminate or Limit Severance Agreements (Golden Parachutes): | Case-by-Case | ||||
We will oppose excessively generous arrangements, but may support agreements structured to encourage management to negotiate in shareholders’ best economic interest. | ||||||
o | Shareholder Approval of Future Severance Agreements Covering Senior Executives (SP): | Case-by-Case | ||||
We believe that severance arrangements require special scrutiny, and are generally supportive of proposals that call for shareholder ratification thereof. But, we are also mindful of the board’s need for flexibility in recruitment and retention and will therefore oppose limitations on board compensation policy where respect for industry practice and reasonable overall levels of compensation have been demonstrated. | ||||||
o | Expense Future Stock Options (SP): | For | ||||
o | Shareholder Approval of All Stock Option Plans (SP): | For | ||||
o | Disclose All Executive Compensation (SP): | For |
o | Approve Financial Statements: | For | ||||
o | Set Dividends and Allocate Profits: | For | ||||
o | Limit Non-Audit Services Provided by Auditors (SP): | Case-by-Case | ||||
We follow the guidelines established by the Public Company Accounting Oversight Board regarding permissible levels of non-audit fees payable to auditors. | ||||||
o | Ratify Selection of Auditors and Set Their Fees: | Case-by-Case | ||||
Wellington Management will generally support management’s choice of auditors, unless the auditors have demonstrated failure to act in shareholders’ best economic interest. | ||||||
o | Elect Statutory Auditors: | Case-by-Case | ||||
o | Shareholder Approval of Auditors (SP): | For |
o | Adopt Cumulative Voting (SP): | Against | ||||
We are likely to support cumulative voting proposals at “controlled” companies (i.e., companies with a single majority shareholder), or at companies with two-tiered voting rights. | ||||||
o | Shareholder Rights Plans | Case-by-Case | ||||
Also known as Poison Pills, these plans can enable boards of directors to negotiate higher takeover prices on behalf of shareholders. However, these plans also may be misused to entrench management. The following criteria are used to evaluate both management and shareholder proposals regarding shareholder rights plans. | ||||||
– | We generally support plans that include: | |||||
– | Shareholder approval requirement | |||||
– | Sunset provision | |||||
– | Permitted bid feature (i.e., bids that are made for all shares and demonstrate evidence of financing must be submitted to a shareholder vote). |
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Because boards generally have the authority to adopt shareholder rights plans without shareholder approval, we are equally vigilant in our assessment of requests for authorization of blank check preferred shares (see below). | ||||||
o | Authorize Blank Check Preferred Stock: | Case-by-Case | ||||
We may support authorization requests that specifically proscribe the use of such shares for anti-takeover purposes. | ||||||
o | Eliminate Right to Call a Special Meeting: | Against | ||||
o | Increase Supermajority Vote Requirement: | Against | ||||
We likely will support shareholder and management proposals to remove existing supermajority vote requirements. | ||||||
o | Adopt Anti-Greenmail Provision: | For | ||||
o | Adopt Confidential Voting (SP): | Case-by-Case | ||||
We require such proposals to include a provision to suspend confidential voting during contested elections so that management is not subject to constraints that do not apply to dissidents. | ||||||
o | Remove Right to Act by Written Consent: Capital Structure | Against | ||||
o | Increase Authorized Common Stock: | Case-by-Case | ||||
We generally support requests for increases up to 100% of the shares currently authorized. Exceptions will be made when the company has clearly articulated a reasonable need for a greater increase. Conversely, at companies trading in less liquid markets, we may impose a lower threshold. | ||||||
o | Approve Merger or Acquisition: | Case-by-Case | ||||
o | Approve Technical Amendments to Charter: | Case-by-Case | ||||
o | Opt Out of State Takeover Statutes: | For | ||||
o | Authorize Share Repurchase: | For | ||||
o | Authorize Trade in Company Stock: | For | ||||
o | Approve Stock Splits: | Case-by-Case | ||||
We approve stock splits and reverse stock splits that preserve the level of authorized, but unissued shares. | ||||||
o | Approve Recapitalization/Restructuring: | Case-by-Case | ||||
o | Issue Stock with or without Preemptive Rights: | For | ||||
o | Issue Debt Instruments: | Case-by-Case |
o | Endorse the Ceres Principles (SP): | Case-by-Case | ||||
o | Disclose Political and PAC Gifts (SP): | Case-by-Case | ||||
Wellington Management generally does not support imposition of disclosure requirements on management of companies in excess of regulatory requirements. | ||||||
o | Require Adoption of International Labor Organization’s Fair Labor Principles (SP): | Case-by-Case | ||||
o | Report on Sustainability (SP): | Case-by-Case |
o | Approve Other Business: | Against | ||||
o | Approve Reincorporation: | Case-by-Case | ||||
o | Approve Third-Party Transactions: | Case-by-Case |
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Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Sharon Fay | 132 | $46.7 million | 156 | $21.4 million | 39,323 | $106.6 million | ||||||||||||||||||
Kevin Simms | 132 | $46.7 million | 168 | $24.4 million | 39,323 | $106.6 million | ||||||||||||||||||
Henry D’Auria | 89 | $27.7 million | 103 | $18.9 million | 953 | $78.5 million | ||||||||||||||||||
Marilyn Fedak | 120 | $46.3 million | 140 | $17.3 million | 39,230 | $89.6 million | ||||||||||||||||||
John Mahedy | 119 | $46.0 million | 139 | $17.2 million | 39,211 | $88.1 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.) | ||||||||||||||||||||||||
Sharon Fay | 3 | $6.7 million | 8 | $0.6 million | 139 | $12.5 million | ||||||||||||||||||
Kevin Simms | 3 | $6.7 million | 9 | $1.2 million | 139 | $12.5 million | ||||||||||||||||||
Henry D’Auria | 2 | $2.7 million | 7 | $0.6 million | 131 | $11.8 million | ||||||||||||||||||
Marilyn Fedak | 3 | $6.7 million | 3 | $0.2 million | 110 | $7.8 million | ||||||||||||||||||
John Mahedy | 3 | $6.7 million | 3 | $0.2 million | 107 | $7.5 million |
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(i) | Fixed-base salary: This is generally the smallest portion of compensation. The base salary is a relatively low, fixed salary within a similar range for all investment professionals. The base salary is determined at the outset of employment based on level of experience, does not change significantly from year to year, and hence, is not particularly sensitive to performance. | |
(ii) | Discretionary incentive compensation in the form of an annual cash bonus: AllianceBernstein’s overall profitability determines the total amount of incentive compensation available to investment professionals. This portion of compensation is determined subjectively based on qualitative and quantitative factors. In evaluating this component of an investment professional’s compensation, AllianceBernstein considers the contribution to his/her team or discipline as it relates to that team’s overall contribution to the long-term investment success, business results and strategy of AllianceBernstein. Quantitative factors considered include, among other things, relative investment performance (e.g., by comparison to competitor or peer group funds or similar styles of investments, and appropriate, broad-based or specific market indices), and consistency of performance. There are no specific formulas used to determine this part of an investment professional’s compensation and the compensation is not tied to any pre-determined or specified level of performance. AllianceBernstein also considers qualitative factors such as the complexity and risk of investment strategies involved in the style or type of assets managed by the investment professional; success of marketing/business development efforts and client servicing; seniority/length of service with the firm; management and supervisory responsibilities; and fulfillment of AllianceBernstein’s leadership criteria. | |
(iii) | Discretionary incentive compensation in the form of awards under AllianceBernstein’s Partners Compensation Plan (“deferred awards”): AllianceBernstein’s overall profitability determines the total amount of deferred awards available to investment professionals. The deferred awards are allocated among investment professionals based on criteria similar to those used to determine the annual cash bonus. There is no fixed formula for determining these amounts. Deferred awards, for which there are various investment options, vest over a four-year period and are generally forfeited if the employee resigns or AllianceBernstein terminates his/her employment. Investment options under the deferred awards plan include many of the same AllianceBernstein Mutual Funds offered to mutual fund investors, thereby creating a close alignment between the financial interests of the investment professionals and those of AllianceBernstein’s clients and mutual fund shareholders with respect to the performance of those mutual funds. AllianceBernstein also permits deferred award recipients to allocate up to 50% of their award to investments in AllianceBernstein’s publicly traded equity securities.17 | |
(iv) | Contributions under AllianceBernstein’s Profit Sharing/401(k) Plan: The contributions are based on AllianceBernstein’s overall profitability. The amount and allocation of the contributions are determined at the sole discretion of AllianceBernstein. |
17 | Prior to 2002, investment professional compensation also included discretionary long-term incentive in the form of restricted grants of AllianceBernstein’s Master Limited Partnership Units. |
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Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts* | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Charles A. Ritter | 10 | $2.4 billion | 1 | $188.1 million | 3 | $131.3 million | ||||||||||||||||||
Brendan Healy | 10 | $2.4 billion | 1 | $188.1 million | 3 | $131.3 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.) | ||||||||||||||||||||||||
Charles A. Ritter | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Brendan Healy | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
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Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts* | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Jon Hale | 15 | $13.9 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Maciej Kowara | 15 | $13.9 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Jeff McConnell | 15 | $13.9 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Mike Stout | 15 | $13.9 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
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.) | ||||||||||||||||||||||||
Jon Hale | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Maciej Kowara | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Jeff McConnell | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Mike Stout | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts* | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Jon Hale | 15 | $13.3 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Maciej Kowara | 15 | $13.3 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Jeff McConnell | 15 | $13.3 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Mike Stout | 15 | $13.3 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
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.) | ||||||||||||||||||||||||
Jon Hale | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Maciej Kowara | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Jeff McConnell | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Mike Stout | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
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Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts* | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Jon Hale | 15 | $12.0 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Maciej Kowara | 15 | $12.0 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Jeff McConnell | 15 | $12.0 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Mike Stout | 15 | $12.0 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
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.) | ||||||||||||||||||||||||
Jon Hale | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Maciej Kowara | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Jeff McConnell | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Mike Stout | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts* | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Jon Hale | 15 | $13.1 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Maciej Kowara | 15 | $13.1 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Jeff McConnell | 15 | $13.1 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Mike Stout | 15 | $13.1 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
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.) | ||||||||||||||||||||||||
Jon Hale | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Maciej Kowara | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Jeff McConnell | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Mike Stout | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts* | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Jon Hale | 15 | $14.5 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Maciej Kowara | 15 | $14.5 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Jeff McConnell | 15 | $14.5 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Mike Stout | 15 | $14.5 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
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.) | ||||||||||||||||||||||||
Jon Hale | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Maciej Kowara | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Jeff McConnell | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Mike Stout | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
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Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts* | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number* | Managed | ||||||||||||||||||
Jon Hale | 15 | $14.5 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Maciej Kowara | 15 | $14.5 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Jeff McConnell | 15 | $14.5 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
Mike Stout | 15 | $14.5 billion | 0 | $ | 0 | 74,223 | $1.1 billion | |||||||||||||||||
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.) | ||||||||||||||||||||||||
Jon Hale | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Maciej Kowara | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Jeff McConnell | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Mike Stout | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
* | Relates to individual retirement accounts that Morningstar Associates, the Portfolio Construction Manager of the funds, has discretionary management authority over through its managed account service, which is made available through retirement plan providers and sponsors. In those circumstances in which any of the above funds are included in a retirement plan, Morningstar Associates’ managed account service will exclude those funds from its universe of possible investment recommendations to the individual. This exclusion is intended to prevent a prohibited transaction under ERISA. |
B-6
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Dennis W. Stattman | 4 | $26.7 billion | 7 | $12.4 billion | 0 | $ | 0 | |||||||||||||||||
Dan Chamby | 4 | $26.7 billion | 7 | $12.4 billion | 0 | $ | 0 | |||||||||||||||||
Romualdo Roldan | 4 | $26.7 billion | 7 | $12.4 billion | 0 | $ | 0 | |||||||||||||||||
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.) | ||||||||||||||||||||||||
Dennis W. Stattman | 0 | $ | 0 | 1 | $362.7 million | 0 | $ | 0 | ||||||||||||||||
Dan Chamby | 0 | $ | 0 | 1 | $362.7 million | 0 | $ | 0 | ||||||||||||||||
Romualdo Roldan | 0 | $ | 0 | 1 | $362.7 million | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Robert C. Doll, Jr. | 24 | $12.8 billion | 14 | $3.07 billion | 27 | $2.4 billion | ||||||||||||||||||
Daniel Hanson | 24 | $12.8 billion | 14 | $3.07 billion | 27 | $2.4 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Robert C. Doll, Jr. | 0 | $ | 0 | 2 | $156.8 million | 8 | $471.5 million | |||||||||||||||||
Daniel Hanson | 0 | $ | 0 | 2 | $156.8 million | 8 | $471.5 million |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Robert Shearer | 11 | $3.96 billion | 1 | $4.05 million | 0 | $ | 0 | |||||||||||||||||
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.) | ||||||||||||||||||||||||
Robert Shearer | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
B-7
Portfolio Manager(s) | Portfolio Managed | Benchmarks Applicable to Each Manager | ||
Dennis W. Stattman Dan Chamby Romualdo Roldan James Macmillan | Transamerica BlackRock Global Allocation | S&P 500® Index, FTSE World Index ex US, Merrill Lynch 5 Year Treasury Index, Citigroup World Government Bond Index and MSCI Europe Index | ||
Robert C. Doll, Jr. Daniel Hanson | Transamerica BlackRock Large Cap Value | Lipper Multi-Cap Value Funds classification | ||
Bob Shearer | Transamerica BlackRock Natural Resources | Lipper Natural Resources Funds classification |
B-8
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Tony Garvin | 11 | $2.6 billion | 3 | $342 million | 54 | $5.8 billion | ||||||||||||||||||
Oliver Buckley | 15 | $8.8 billion | 3 | $342 million | 54 | $5.8 billion | ||||||||||||||||||
Mike Dunn | 7 | $1.8 billion | 6 | $486 million | 61 | $6.2 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Tony Garvin | 0 | 0 | 0 | 0 | 10 | $1.1 billion | ||||||||||||||||||
Oliver Buckley | 2 | $6 billion | 0 | 0 | 10 | $1.1 billion | ||||||||||||||||||
Mike Dunn | 0 | 0 | 0 | 0 | 12 | $1.3 billion |
B-9
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
T. Ritson Ferguson | 23 | $9.3 billion | 16 | $947 million | 69 | $1.8 billion | ||||||||||||||||||
Joseph P. Smith | 19 | $8.9 billion | 16 | $947 million | 63 | $1.7 billion | ||||||||||||||||||
Steven D. Burton | 21 | $8.7 billion | 3 | $108 million | 51 | $1.3 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
T. Ritson Ferguson | 1 | $134 million | 12 | $686 million | 2 | $208 million | ||||||||||||||||||
Joseph P. Smith | 1 | $134 million | 12 | $686 million | 2 | $208 million | ||||||||||||||||||
Steven D. Burton | 1 | $134 million | 0 | $ | 0 | 1 | $181 million |
B-10
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Robert Junkin | 6 | $969.9 million | 1 | $10 million | 5 | $45.1 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.) | ||||||||||||||||||||||||
Robert Junkin | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Francis Claro | 7 | $2.0 billion | 1 | $42.4 million | 8 | $207.6 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.) | ||||||||||||||||||||||||
Francis Claro | 0 | $ | 0 | 1 | $42.4 million | 0 | $ | 0 |
B-11
• | medical, dental, vision and prescription benefits, | ||
• | life, disability and long-term care insurance, | ||
• | before-tax spending accounts relating to dependent care, health care, transportation and parking, and | ||
• | various other services, such as family counseling and employee assistance programs, prepaid or discounted legal services, health care advisory programs and access to discount retail services. |
B-12
Registered Investment | ||||||||||||||||||||||||
Companies | Other Pooled Investment Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | ||||||||||||||||||||||||
Portfolio Manager | Number | Assets Managed | Number | Assets Managed | Number | Managed | ||||||||||||||||||
Steven J. Lehman | 3 | $1.7 billion | 1 | $1 million+ | 0 | $ | 0 | |||||||||||||||||
Dana L. Meissner | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
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.) | ||||||||||||||||||||||||
Steven J. Lehman | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Dana L. Meissner | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
B-13
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Dave Halfpap | 1 | $456 million | 0 | $ | 0 | 7 | $13.8 billion | |||||||||||||||||
Brad Beman | 1 | $457 million | 2 | $239 million | 4 | $3.1 billion | ||||||||||||||||||
Ben Miller | 1 | $457 million | 2 | $239 million | 4 | $3.1 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Dave Halfpap | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Brad Beman | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Ben Miller | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
B-14
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Blair Boyer | 4 | $1.64 billion | 4 | $314 million | 23 | $1.95 billion | ||||||||||||||||||
Michael A. Del Balso | 12 | $6.78 billion | 5 | $797 million | 9 | (a) | $693 million | |||||||||||||||||
Spiros Segalas | 16 | $14 billion | 2 | (b) | $164 million | 9 | (b) | $1.46 billion | ||||||||||||||||
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.) | ||||||||||||||||||||||||
Blair Boyer | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Michael A. Del Balso | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Spiros Segalas | 0 | $ | 0 | 2 | (c) | $49 million | 1 | (c) | $22 million |
(a) | Other Accounts excludes the assets and number of accounts in wrap fee programs that are managed using mode portfolios. | |
(b) | Excludes performance fee accounts. | |
(c) | The portfolio manager only manages a portion of the accounts subject to a performance fee. The market value shown reflects the portion of those accounts managed by the portfolio manager. |
B-15
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
(as of December 31, 2008) | Companies | Vehicles | Other Accounts | |||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Douglas S. Swanson | 7 | $9.85 billion | 7 | $4.54 billion | 52 | $6.99 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Douglas S. Swanson | 0 | $ | 0 | 0 | $ | 0 | 0 | $0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Jon B. Jonsson | 2 | $1.7 billion | 38 | $4.1 billion | 32 | $11.2 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Jon B. Jonsson | 0 | $ | 0 | 1 | $23 million | 1 | $276 million |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Jonathan Simon | 14 | $6.1 billion | 3 | $880 million | 28 | $1.8 billion | ||||||||||||||||||
Lawrence Playford | 9 | $5.4 billion | 0 | $ | 0 | 24 | $1.8 billion | |||||||||||||||||
Gloria Fu | 9 | $5.4 billion | 0 | $ | 0 | 24 | $1.8 billion | |||||||||||||||||
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.) | ||||||||||||||||||||||||
Jonathan Simon | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Lawrence Playford | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Gloria Fu | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
B-16
B-17
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
John Goode | 6 | $3.36 billion | 3 | $0.18 billion | 36,483 | $6.06 billion | ||||||||||||||||||
Peter Hable | 8 | $4.42 billion | 3 | $0.18 billion | 36,483 | $6.06 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
John Goode | 0 | $ | 0 | 1 | $0.01 billion | 0 | $ | 0 | ||||||||||||||||
Peter Hable | 0 | $ | 0 | 1 | $0.01 billion | 0 | $ | 0 |
B-18
B-19
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Portfolio Manager | Number | Assets Managed | Number | Assets Managed | Number | Assets Managed | ||||||||||||||||||
Kathleen C. Gaffney | 11 | $26.1 billion | 7 | $2.5 billion | 61 | $3.5 billion | ||||||||||||||||||
Daniel J. Fuss | 13 | $28.6 billion | 4 | $492 million | 80 | $7.5 billion | ||||||||||||||||||
Matthew Eagan | 10 | $26.1 billion | 11 | $3.0 billion | 64 | $4.9 billion | ||||||||||||||||||
Elaine Stokes | 10 | $26.1 billion | 6 | $2.2 billion | 47 | $1.7 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Kathleen C. Gaffney | 0 | $ | 0 | 0 | $ | 0 | 1 | $140 million | ||||||||||||||||
Daniel J. Fuss | 0 | $ | 0 | 0 | $ | 0 | 4 | $669 million | ||||||||||||||||
Matthew Eagan | 0 | $ | 0 | 0 | $ | 0 | 1 | $214 million | ||||||||||||||||
Elaine Stokes | 0 | $ | 0 | 0 | $ | 0 | 1 | $140 million |
B-20
• | the plan grants units that entitle participants to an annual payment based on a percentage of company earnings above an established threshold; |
• | upon retirement a participant will receive a multi-year payout for his or her vested units; | |
• | participation is contingent upon signing an award agreement, which includes a non-compete covenant. |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Thomas F. Marsico | 34 | $23.3 million | 20 | $2.7 million | 141 | $17.8 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.) | ||||||||||||||||||||||||
Thomas F. Marsico | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
* | One of the other accounts is a wrap fee platform which includes approx 25,148 underlying clients for total assets of approximately $6,998 million. |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
James G. Gendelman | 20 | $7.2 million | 7 | $1.1 million | 19 | $1.5 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.) | ||||||||||||||||||||||||
James G. Gendelman | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
B-21
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
David R. Mannheim | 15 | $6.9 billion | 5 | $1.7 billion | 94 | $16.3 billion | ||||||||||||||||||
Marcus Smith | 11 | $6.0 billion | 0 | N/A | 28 | $4.2 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
David R. Mannheim | 0 | $ | 0 | 0 | $ | 0 | 12 | $2.1 billion* | ||||||||||||||||
Marcus Smith | 0 | $ | 0 | 0 | $ | 0 | 1 | $286.2 million* |
* | Performance fees for any particular account are paid to MFS, not the portfolio manager, and the portfolio manager’s compensation is not determined by reference to the level of performance fees received by MFS. |
B-22
Portfolio Manager | Benchmark(s) | Benchmark(s) | ||
David R. Mannheim | FTSE All-World Developed Index | Lipper International Large-Cap Growth Funds | ||
FTSE All-World Index | Lipper Variable Global Core Funds | |||
Lipper Global Funds | MSCI EAFE Growth Index | |||
Lipper Global Large-Cap Core Funds | MSCI EAFE Index | |||
Lipper Global Multi-Cap Core Funds | MSCI KOKUSAI Index | |||
Lipper International Funds | MSCI World Index | |||
Lipper International Large-Cap Core Funds | Standard & Poor’s Developed LargeMidCap Growth Index | |||
Marcus Smith | Europe Pacific Asia Composite | MSCI EAFE Growth Index | ||
FTSE All-World Developed Index | MSCI EAFE Index | |||
Lipper International Funds | MSCI World Index | |||
Lipper International Large-Cap Core Funds | MSCI Japan Index | |||
Lipper International Large-Cap Growth Funds | Standard & Poor’s Developed LargeMidCap Growth Index |
B-23
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Benjamin Segal | 4 | $1.3 billion | 0 | $ | 0 | 10,597 | $3.8 billion | |||||||||||||||||
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.) | ||||||||||||||||||||||||
Benjamin Segal | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Portfolio Manager | Number | Assets Managed | Number | Assets Managed | Number | Assets Managed | ||||||||||||||||||
Justin Leverenz | 3 | $6.47 billion | 2 | $125 million | 5 | $296 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.) | ||||||||||||||||||||||||
Justin Leverenz | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
John Damian | 3 | $2.7 billion | 0 | $ | 0 | 0 | $ | 0 | ||||||||||||||||
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.) | ||||||||||||||||||||||||
John Damian | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
B-24
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Mihir Worah | 21 | $36.1 billion | 27 | $3.9 billion | 63 | $16.1 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Mihir Worah | 0 | $ | 0 | 0 | $ | 0 | 15 | $4.7 billion |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Chris P. Dialynas | 24 | $4.6 billion | 15 | $7.3 billion | 130 | $47.9 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Chris P. Dialynas | 0 | $ | 0 | 0 | $ | 0 | 15 | $5.8 billion |
B-25
• | 3-year, 2-year and 1-year dollar-weighted and account-weighted, pre-tax investment performance as judged against the applicable benchmarks for each account managed by a portfolio manager (including the funds) and relative to applicable industry peer groups; |
• | Appropriate risk positioning that is consistent with PIMCO’s investment philosophy and the Investment Committee/CIO approach to the generation of alpha; |
• | Amount and nature of assets managed by the portfolio manager; |
• | Consistency of investment performance across portfolios of similar mandate and guidelines (reward low dispersion); |
• | Generation and contribution of investment ideas in the context of PIMCO’s secular and cyclical forums, portfolio strategy meetings, Investment Committee meetings, and on a day-to-day basis; |
• | Absence of defaults and price defaults for issues in the portfolios managed by the portfolio manager; |
• | Contributions to asset retention, gathering and client satisfaction; |
• | Contributions to mentoring, coaching and/or supervising; and |
• | Personal growth and skills added. |
B-26
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | |||||||||||||||||||||||
Portfolio Manager | Number | Assets Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Matthew Dobbs | 9 | $7.4 billion | 8 | $9.7 million | 8 | $1.8 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Matthew Dobbs | 3 | $6.8 billion | 1 | $228 million | 0 | $ | 0 |
B-27
B-28
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Gary U. Rollé (lead equity) | 13 | $4.17 billion | 1 | $88.2 million | 80 | $1.43 billion | ||||||||||||||||||
Greg D. Haendel (lead fixed-income) | 10 | $2.17 billion | 0 | $ | 0 | 12 | $650.9 million | |||||||||||||||||
Derek S. Brown (co-fixed-income) | 1 | $791.5 million | 0 | $ | 0 | 15 | $1.56 billion | |||||||||||||||||
Geoffrey I. Edelstein (co-equity) | 2 | $171.8 million | 1 | $50.29 million | 90 | $128.5 million | ||||||||||||||||||
Edward S. Han (co-equity) | 4 | $241.4 million | 0 | $ | 0 | 3 | $228.6 million | |||||||||||||||||
John J. Huber (co-equity) | 3 | $228.2 million | 1 | $54.78 million | 1 | $88.98 million | ||||||||||||||||||
Peter O. Lopez (co-fixed-income) | 3 | $236.4 million | 1 | $11.3 million | 1 | $23.56 million | ||||||||||||||||||
Erik U. Rollé (co-equity) | 0 | $ | 0 | 1 | $10.96 million | 0 | $ | 0 | ||||||||||||||||
Brian W. Westhoff (co-fixed-income) | 5 | $301.2 million | 0 | $ | 0 | 1 | $31.34 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 equity) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Greg D. Haendel (lead fixed-income) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Derek S. Brown (co-fixed-income) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Geoffrey I. Edelstein (co-equity) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Edward S. Han (co-equity) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
John J. Huber (co-equity) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Peter O. Lopez (co-fixed-income) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Erik U. Rollé (co-equity) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Brian W. Westhoff (co-fixed-income) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Kirk J. Kim (lead) | 8 | $670.8 million | 0 | $ | 0 | 4 | $348.6 million | |||||||||||||||||
Peter O. Lopez (lead) | 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.) | ||||||||||||||||||||||||
Kirk J. Kim (lead) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Peter O. Lopez (lead) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
B-29
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Gary U. Rollé (lead) | 13 | $4.17 billion | 1 | $88.2 million | 80 | $1.43 billion | ||||||||||||||||||
Geoffrey I. Edelstein (co) | 2 | $171.8 million | 1 | $50.29 million | 90 | $128.5 million | ||||||||||||||||||
Edward S. Han (co) | 4 | $241.4 million | 0 | $ | 0 | 3 | $228.6 million | |||||||||||||||||
John J. Huber (co) | 3 | $228.2 million | 1 | $54.78 million | 1 | $88.98 million | ||||||||||||||||||
Peter O. Lopez (co) | 3 | $236.4 million | 1 | $11.3 million | 1 | $23.56 million | ||||||||||||||||||
Erik U. Rollé (co) | 0 | $ | 0 | 1 | $10.96 million | 0 | $ | 0 | ||||||||||||||||
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) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Geoffrey I. Edelstein (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Edward S. Han (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
John J. Huber (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Peter O. Lopez (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Erik U. Rollé (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Brian W. Westhoff (lead) | 5 | $301.2 million | 0 | $ | 0 | 1 | $31.34 million | |||||||||||||||||
Kirk J. Kim (lead) | 8 | $670.8 million | 0 | $ | 0 | 4 | $348.6 million | |||||||||||||||||
Peter O. Lopez (lead) | 3 | $236.4 million | 1 | $11.3 million | 1 | $23.56 million | ||||||||||||||||||
Derek S. Brown (co) | 1 | $791.5 million | 0 | $ | 0 | 15 | $1.56 billion | |||||||||||||||||
Greg D. Haendel (co) | 10 | $2.17 billion | 0 | $ | 0 | 12 | $650.9 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.) | ||||||||||||||||||||||||
Brian W. Westhoff (lead) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Kirk J. Kim (lead) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Peter O. Lopez (lead) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Derek S. Brown (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Greg D. Haendel (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Edward S. Han (lead) | 4 | $241.4 million | 0 | $ | 0 | 3 | $228.6 million | |||||||||||||||||
John J. Huber (lead) | 3 | $228.2 million | 1 | $54.78 million | 1 | $88.98 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.) | ||||||||||||||||||||||||
Edward S. Han (lead) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
John J. Huber (lead) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
B-30
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Greg D. Haendel (lead) | 10 | $2.17 billion | 0 | $ | 0 | 12 | $650.9 million | |||||||||||||||||
Patty Arrieta-Morales (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
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.) | ||||||||||||||||||||||||
Greg D. Haendel (lead) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Patty Arrieta-Morales (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Kirk J. Kim (lead) | 8 | $670.8 million | 0 | $ | 0 | 4 | $348.6 million | |||||||||||||||||
Jeffrey J. Hoo (co) | 4 | $819.7 million | 1 | $27.54 million | 27 | $194.6 million | ||||||||||||||||||
Erik U. Rollé (co) | 0 | $ | 0 | 1 | $10.96 million | 0 | $ | 0 | ||||||||||||||||
Joshua D. Shaskan (co) | 10 | $1.05 billion | 0 | $ | 0 | 60 | $282.6 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.) | ||||||||||||||||||||||||
Kirk J. Kim (lead) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Jeffrey J. Hoo (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Erik U. Rollé (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Joshua D. Shaskan (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Greg D. Haendel (lead) | 10 | $2.17 billion | 0 | $ | 0 | 12 | $650.9 million | |||||||||||||||||
Derek S. Brown (co) | 1 | $791.5 million | 0 | $ | 0 | 15 | $1.56 billion | |||||||||||||||||
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.) | ||||||||||||||||||||||||
Greg D. Haendel (lead) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Derek S. Brown (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
B-31
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Jeffrey J. Hoo (lead) | 4 | $819.7 million | 1 | $27.54 million | 27 | $194.6 million | ||||||||||||||||||
Joshua D. Shaskan (lead) | 10 | $1.05 billion | 0 | $ | 0 | 60 | $282.6 million | |||||||||||||||||
Thomas E. Larkin (co) | 0 | $ | 0 | 1 | $11.02 million | 0 | $ | 0 | ||||||||||||||||
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.) | ||||||||||||||||||||||||
Jeffrey J. Hoo (lead) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Joshua D. Shaskan (lead) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Thomas E. Larkin (co) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Geoffrey I. Edelstein (lead-equity) | 2 | $171.8 million | 1 | $50.29 million | 90 | $128.5 million | ||||||||||||||||||
Greg D. Haendel (lead-fixed-income) | 10 | $2.17 billion | 0 | $ | 0 | 12 | $650.9 million | |||||||||||||||||
Derek S. Brown (co-fixed-income) | 1 | $791.5 million | 0 | $ | 0 | 15 | $1.56 billion | |||||||||||||||||
Scott L. Dinsdale (co-equity) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Kirk R. Feldhus (co-equity) | 0 | $ | 0 | 1 | $10.92 million | 0 | $ | 0 | ||||||||||||||||
Brian W. Westhoff (co-equity) | 5 | $301.2 million | 0 | $ | 0 | 1 | $31.34 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.) | ||||||||||||||||||||||||
Geoffrey I. Edelstein (lead-equity) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Greg D. Haendel (lead-fixed-income) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Derek S. Brown (co-fixed-income) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Scott L. Dinsdale (co-equity) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Kirk R. Feldhus (co-equity) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Brian W. Westhoff (co-equity) | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Gary Rollé (co) | 13 | $4.17 billion | 1 | $88.2 million | 80 | $1.43 billion | ||||||||||||||||||
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 Rollé (co) | 0 | $ | 0 | $ | 0 | 0 | $ | 0 |
B-32
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Tina Sadler | 10 | $4.2 billion | 4 | $109 million | 32 | $4.6 billion | ||||||||||||||||||
Tony Docal | 7 | $6.1 billion | 6 | $768 million | 49 | $5.4 billion | ||||||||||||||||||
Gary Motyl | 11 | $9.6 billion | 8 | $1.1 billion | 47 | $6.2 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Tina Sadler | 0 | $ | 0 | 0 | $ | 0 | 1 | $37.0 million | ||||||||||||||||
Tony Docal | 0 | $ | 0 | 1 | $67.4 million | 1 | $37.0 million | |||||||||||||||||
Gary Motyl | 0 | $ | 0 | 1 | $67.4 million | 1 | $37.0 million |
• | 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, 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-33
Base salary — Each portfolio manager is paid a base salary. | |||
Annual bonus — Annual bonuses are structured to align the interests of the portfolio manager with those of the fund’s shareholders. Each portfolio manager is eligible to receive an annual bonus. Bonuses generally are split between cash (50% to 65%) and restricted shares of Franklin Resources stock (17.5% to 25%) and mutual fund shares (17.5% to 25%). The deferred equity-based compensation is intended to build a vested interest of the portfolio manager in the financial performance of both Franklin Resources and mutual funds advised by the manager. The bonus plan is intended to provide a competitive level of annual bonus compensation that is tied to the portfolio manager achieving consistently strong investment performance, which aligns the financial incentives of the portfolio manager and fund shareholders. The Chief Investment Officer of the manager and/or other officers of the manager, with responsibility for the fund, have discretion in the granting of annual bonuses to portfolio managers in accordance with Franklin Templeton guidelines. The following factors are generally used in determining bonuses under the plan: |
o | Investment performance. Primary consideration is given to the historic investment performance over the 1, 3 and 5 preceding years of all accounts managed by the portfolio manager. The pre-tax performance of each fund managed is measured relative to a relevant peer group and/or applicable benchmark as appropriate. | ||
o | Research Where the portfolio management team also has research responsibilities, each portfolio manager is evaluated on the number and performance of recommendations over time, productivity and quality of recommendations, and peer evaluation. | ||
o | Non-investment performance. For senior portfolio managers, there is a qualitative evaluation based on leadership and the mentoring of staff. | ||
o | Responsibilities. The characteristics and complexity of funds managed by the portfolio manager are factored in the manager’s appraisal. |
Additional long-term equity-based compensation — Portfolio managers may also be awarded restricted shares or units of Franklin Resources stock or restricted shares or units of one or more mutual funds, and options to purchase common shares of Franklin Resources stock. Awards of such deferred equity-based compensation typically vest over time, so as to create incentives to retain key talent. | |||
Portfolio managers also participate in benefit plans and programs available generally to all employees of Templeton |
B-34
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Curtis Jensen | 5 | $2.8 billion | 0 | $ | 0 | 4 | * | $1 million | ||||||||||||||||
Yang Lie | 0 | $ | 0 | 0 | $ | 0 | 6 | * | $1 million | |||||||||||||||
Kathleen Crawford | 4 | $1.4 billion | 3 | $350 million | 0 | $ | 0 | |||||||||||||||||
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.) | ||||||||||||||||||||||||
Curtis Jensen | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Yang Lie | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Kathleen Crawford | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
* | Ms. Lie manages six accounts totaling over $1 million in a personal capacity and receives no advisory fee for these accounts. Mr. Jensen manages four accounts totaling over $1 million in a personal capacity and receives no advisory fee for these accounts. |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Williams V. Fries | 17 | $21.4 billion | 9 | $1.6 billion | 4,030 | $6.3 billion | ||||||||||||||||||
Wendy Trevisani | 12 | $16.7 billion | 7 | $664.9 million | 9,256 | $7.3 billion | ||||||||||||||||||
Lei Wang | 12 | $16.7 billion | 3 | $624.5 million | 27 | $3.8 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Williams V. Fries | 0 | $ | 0 | 0 | $ | 0 | 1 | $73 million | ||||||||||||||||
Wendy Trevisani | 0 | $ | 0 | 0 | $ | 0 | 1 | $73 million | ||||||||||||||||
Lei Wang | 0 | $ | 0 | 0 | $ | 0 | 1 | $73 million |
– | Allocating a favorable investment opportunity to one account but not another. | ||
– | Directing one account to buy a security before purchases through other accounts increase the price of the security in the marketplace. | ||
– | Giving substantially inconsistent investment directions at the same time to similar accounts, so as to benefit one account over another. | ||
– | Obtaining services from brokers conducting trades for one account, which are used to benefit another account. |
B-35
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Curt Custard | 5 | $2.4 billion | 4 | $2.2 billion | 3 | $ | 0 | * | ||||||||||||||||
* Three accounts with assets under management less than $1 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.) | ||||||||||||||||||||||||
Curt Custard | 0 | $ | 0 | 0 | $ | 0 | 3 | $1 million |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Thomas Cole | 17 | $4.0 billion | 62 | $7.8 billion | 19 | $1.2 billion | ||||||||||||||||||
John Leonard | 17 | $4.0 billion | 62 | $7.8 billion | 16 | $1.2 billion | ||||||||||||||||||
Thomas Digenan | 17 | $4.0 billion | 62 | $7.8 billion | 21 | $1.2 billion | ||||||||||||||||||
Scott Hazen | 17 | $4.0 billion | 62 | $7.8 billion | 13 | $1.2 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Thomas Cole | 0 | $ | 0 | 4 | $1.1 billion | 0 | $ | 0 | ||||||||||||||||
John Leonard | 0 | $ | 0 | 4 | $1.1 billion | 0 | $ | 0 | ||||||||||||||||
Thomas Digenan | 0 | $ | 0 | 4 | $1.1 billion | 0 | $ | 0 | ||||||||||||||||
Scott Hazen | 0 | $ | 0 | 4 | $1.1 billion | 0 | $ | 0 |
B-36
• | A fixed component — base salary and benefit — reflecting an individual’s skills and experience, | |
• | Variable cash compensation, which is determined annually on a discretionary basis and is correlated with the performance of UBS, UBS Global Asset Management, the respect asset class, investment strategy, function and an individual’s (financial and non-financial) contribution to UBS Global Asset Management’s results, and | |
• | A variable equity component that reinforces the critical importance of creating long-term business value whilst serving as an effective retention tool as shares typically vest over a number of years. |
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Abigail McKenna | 9 | $1.6 billion | 8 | $585.9 million | 6 | $1.6 billion | ||||||||||||||||||
Eric Baurmeister | 9 | $1.6 billion | 8 | $585.9 million | 6 | $1.6 billion | ||||||||||||||||||
Federico Kaune | 9 | $1.6 billion | 8 | $585.9 million | 6 | $1.6 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Abigail McKenna | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Eric Baurmeister | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Federico Kaune | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
B-37
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Managed | Number | Managed | ||||||||||||||||||
Dennis Lynch | 27 | $12 billion | 2 | $479.6 million | 5,176 | $3.4 billion | ||||||||||||||||||
David Cohen | 27 | $12 billion | 2 | $479.6 million | 5,176 | $3.4 billion | ||||||||||||||||||
Sandeep Chainani | 27 | $12 billion | 2 | $479.6 million | 5,176 | $3.4 billion | ||||||||||||||||||
Jason Yeung | 27 | $12 billion | 2 | $479.6 million | 5,176 | $3.4 billion | ||||||||||||||||||
Alexander Norton | 27 | $12 billion | 2 | $479.6 million | 5,176 | $3.4 billion | ||||||||||||||||||
Armistead Nash | 27 | $12 billion | 2 | $479.6 million | 5,176 | $3.4 billion | ||||||||||||||||||
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.) | ||||||||||||||||||||||||
Dennis Lynch | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
David Cohen | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Sandeep Chainani | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Jason Yeung | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Alexander Norton | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||
Armistead Nash | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 |
B-38
Registered Investment | Other Pooled Investment | |||||||||||||||||||||||
Companies | Vehicles | Other Accounts | ||||||||||||||||||||||
Assets | Assets | |||||||||||||||||||||||
Portfolio Manager | Number | Managed | Number | Assets Managed | Number | Managed | ||||||||||||||||||
Vera M. Trojan | 2 | $65 million | 10 | $1.4 billion | 10 | $842 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.) | ||||||||||||||||||||||||
Vera M. Trojan | 0 | $ | 0 | 0 | $ | 0 | 1 | $30 million |
B-39
B-40