30-DAY SEC YIELD The 30-Day SEC Yield is computed in accordance with a standardized method prescribed by rules of the SEC. The 30-Day SEC Yield is computed by dividing the fund's investment income per share earned during a particular 30-day base period by the maximum offering price per share on the last day of the base period, and then annualizing the result. The 30-Day SEC Yield is calculated at each month end and updated within the first ten business days of the following month. The subsidized 30-Day SEC Yield reflects the reimbursements or waivers of certain expenses. Had fees not been waived and/or expenses reimbursed, the yield would be lower. The unsubsidized 30-Day SEC Yield does not reflect reimbursements or waivers of expense fees.
12-MONTH DISTRIBUTION YIELD The 12-Month distribution yield is calculated by taking the sum of all distributions occurring over the previous twelve calendar months and dividing the result by the Fund's Net Asset Value (NAV) as of the date of the previous month-end. The distribution yield represents a 12-month historical distribution and does not represent the total return of the Fund and is not necessarily an indication of future distributions or yield. For Funds that have been in operation for less than one year, an annualized distribution yield is calculated by annualizing the Fund's historical distributions to date and dividing the result by the Fund's Net Asset Value (NAV) as of the date of the previous month-end. The annualized distribution yield represents an estimated 12-month distribution from the Fund based on the limited distribution history of the Fund to date and does not represent the total return of the Fund and is not necessarily an indication of future distributions or yield. Past performance does not guarantee future results.
*Expense ratios are as-of the most recent prospectus. Contractual arrangements have been made with the fund’s investment manager, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2018.
**Reflects average annual returns. Returns for funds that are less than one year old are not annualized.
The performance data presented here represents past performance; Past performance is not indicative of future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Performance may not be available for all periods indicated. Net Asset Value (NAV) returns include reinvestment of dividends and capital gains, but do not reflect any sales charges. If a sales charge had been deducted, the results would have been lower. Public Offering Price (POP) returns include reinvestment of dividends and capital gains, and reflect the maximum sales charge.
Maximum sales charge for Class A shares is 5.50%.
Purchases of Class C Shares are subject to a 1.00% contingent deferred sales charge if redeemed during the first 12 months of purchase.
There are no sales charges on Class I. Class I shares are currently primarily offered for investment to institutional investors including, but not limited to, fee-based programs, pension plans, and certain endowment plans and foundations.
Advisor Class shares are intended for purchase through self-directed accounts on transaction-based platforms that may or may not charge a transaction fee, broker-dealer sponsored fee-based wrap programs, fee-based advisory platforms and bank/trust products where fees are being charged.
Performance figures reflect any fee waivers and/or expense reimbursements by the Investment Manager. Without such waivers and/or reimbursements, the performance would be lower. Future waivers and/or reimbursements are at the discretion of the Investment Manager.
1 Year returns reflect total return.
RISK MEASURES Risk measures are in comparison to a blended benchmark made up of 50% Alerian MLP Total Return Index and 50% Bloomberg Barclays Investment-Grade Credit Index. Standard Deviation is a statistical measurement that helps to gauge the fund's historical volatility. Historical Beta illustrates a fund's sensitivity to price movements in relation to a benchmark index. Alpha is a coefficient measuring the portion of a fund's return arising from specific (non-market) risk. Tracking Error is the difference between the price behavior of a fund and the price behavior of a benchmark. R-Squared is a statistical measure that represents the percentage of a fund's movements that can be explained by movements in a benchmark index. Sharpe Ratio is a risk-adjusted measure calculated by using standard deviation and excess return to determine reward per unit of risk. Information Ratio is a ratio of portfolio returns above those of a benchmark compared to the volatility of those returns.
U.S. allocations may include U.S. territories and possessions.
The Net Other Assets (Liabilities) category may include, but is not limited to, repurchase agreements, reverse repurchase agreements, security lending collateral, forward foreign currency contracts, and cash collateral.
The S&P 500® and Transamerica MLP & Energy Income Blended Benchmark (50% Alerian MLP Total Return Index and 50% Bloomberg Barclays Investment-Grade Credit Index) are unmanaged indices used as general measures of market performance. It is not possible to invest directly into an index. Calculations assume dividends and capital gains are reinvested and do not include any managerial expenses.
Investing in MLPs involve risks related to limited control, cash flow changes, dilution risks and risk linked to the general partner’s right to require unit holders to sell their common units at an undesirable time or price. The energy industries can be significantly affected by fluctuations in energy prices and supply and demand of energy fuels, energy conservation, the success of exploration projects, and tax and other government regulations.
The fund is subject to certain MLP tax risks. As the fund is registered as a Regulated Investment Company, the fund does not pay taxes. Changes to government regulations may impact future returns.
The fund is classified as “non-diversified”, which means it may invest a larger percentage of its assets in a smaller number of issuers or sectors than a diversified fund. To the extent the fund invests its assets in fewer issuers, the fund will be more susceptible to negative events affecting those issuers.
Shares may be sold (or “redeemed”) on any day the New York Stock Exchange is open for business. Proceeds from the redemption of shares will usually be sent to the redeeming shareholder within three business days after receipt in good order of a request for redemption. However, Transamerica Funds has the right to take up to seven days to pay redemption proceeds, and may postpone payment under certain circumstances, as authorized by law.
Due to rounding, not all of the percentages will equal 100%.
Mutual funds are subject to market risk, including the loss of principal. Past performance is not indicative of future results.
Shares of the funds may only be sold by offering the funds’ prospectus. You should consider the investment objectives, risks, charges, and expenses of the funds carefully before investing. The prospectus contains this and additional important information regarding the fund. To obtain the prospectus and/or summary prospectus, please contact your financial professional or click here. The prospectus should be read carefully before investing.
Transamerica Funds are advised by Transamerica Asset Management, Inc. and distributed by Transamerica Capital, Inc.
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.