Existing Financial Professional Login

Please select your Transamerica account below to login
Create an Account

Register to access your existing Transamerica accounts.
View login

ClearTrack℠ 2015

Quarterly fact sheet

Class R1 |TCFTX| Class R6 |TDKTX
Back to Funds

DATA AS OF 08/31/2016

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. These yields reflect the reimbursements or waivers of certain expense. Had fees not been waived and/or expenses reimbursed, the yields would have been lower.

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.

FUND PERFORMANCE
*Expense ratios are as-of the most recent prospectus.
**Reflects average annual returns. Returns for funds that are less than one year old are not annualized.

Performance figures reflect any fee waivers and/or expense reimbursements by the Investment Adviser. Without such waivers and/or reimbursements, the performance would be lower. Future waivers and/or reimbursements are at the discretion of the Investment Adviser.



RISK MEASURES

Risk measures are in comparison to the fund's primary benchmark unless otherwise indicated. Based on Class R6 shares at NAV for the 3-year period. Alpha is a coefficient measuring the portion of a fund’s return arising from specific (non-market) risk. Historical Beta illustrates a fund’s sensitivity to price movement in relation to a benchmark index. R-Squared is a statistical measure that represents the percentage of a fund’s movement that can be explained by movements in a benchmark index. Standard Deviation is a statistical measurement that helps to gauge the fund’s historical volatility.



MORNINGSTAR FIXED-INCOME STYLE BOXTM

The Morningstar Style Box reveals a fund's investment style as of the date noted on this report. For fixed-income funds, the vertical axis shows the credit quality of the long bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration.


Morningstar seeks credit rating information from fund companies on a periodic basis (e.g., quarterly). In compiling credit rating information Morningstar accepts credit ratings reported by fund companies that have been issued by all Nationally Recognized Statistical Rating Organizations (NRSROs). For a list of all NRSROs, please visit http://www.sec.gov/divisions/marketreg/ratingagency.htm. Additionally, Morningstar accepts foreign credit ratings from widely recognized or registered rating agencies. If two rating organizations/agencies have rated a security, fund companies are to report the lower rating; if three or more organizations/agencies have rated a security, fund companies are to report the median rating, and in cases where there are more than two organization/agency ratings and a median rating does not exist, fund companies are to use the lower of the two middle ratings. PLEASE NOTE: Morningstar, Inc. is not itself an NRSRO nor does it issue a credit rating on the fund. An NRSRO or rating agency ratings can change from time-to-time.


For credit quality, Morningstar combines the credit rating information provided by the fund companies with an average default rate calculation to come up with a weighted-average credit quality. The weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a style box placement of "low", "medium", or "high" based on their average credit quality. Funds with a low credit quality are those whose weighted-average credit quality is determined to be less than "BBB-"; medium are those less than "AA-", but greater or equal to "BBB-"; and high are those with a weighted-average credit quality of "AA-" or higher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit ratings of the underlying holdings to their respective default rates (as determined by Morningstar's analysis of actual historical default rates). Morningstar then averages these default rates to determine the average default rate for the entire bond fund. Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve.


For interest-rate sensitivity, Morningstar obtains from fund companies the average effective duration. Generally, Morningstar classifies a fixed-income fund's interest-rate sensitivity based on the effective duration of the Morningstar Core Bond Index (MCBI), which is currently three years. The classification of Limited will be assigned to those funds whose average effective duration is between 25% to 75% of MCBI's average effective duration; funds whose average effective duration is between 75% to 125% of the MCBI will be classified as Moderate; and those that are at 125% or greater of the average effective duration of the MCBI will be classified as Extensive. For municipal bond funds, Morningstar also obtains from fund companies the average effective duration. In these cases static breakpoints are utilized. These breakpoints are as follows: (i) Limited: 4.5 years or less; (ii) Moderate: more than 4.5 years but less than 7 years; and (iii) Extensive: more than 7 years. In addition, for non-US taxable and non-US domiciled fixed income funds static duration breakpoints are used: (i) Limited: less than or equal to 3.5 years; (ii) Moderate: greater than 3.5 and less than equal to 6 years; (iii) Extensive: greater than 6 years.