Transamerica Short-Term Bond Fund (ITAAX)
The fund normally invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in fixed-income securities. The fund's portfolio weighted average duration will typically range from 1 to 2.5 years. The manager expects to typically invest no more than 10% of its net assets, but may invest up to 20% of its net assets, in high-yield debt securities (commonly known as "junk bonds").
Fund Info
ISIN | US8939626391 |
---|---|
CUSIP | 893962639 |
Issuer | Transamerica |
Inception Date | Nov 8, 2004 |
Category | Short-Term Bond |
Min. Investment | $1,000 |
Asset Class | Bond |
Expense Ratio
ITAAX features an expense ratio of 0.70%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ITAAX vs. QQQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Transamerica Short-Term Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Transamerica Short-Term Bond Fund had a return of 3.81% year-to-date (YTD) and 6.70% in the last 12 months. Over the past 10 years, Transamerica Short-Term Bond Fund had an annualized return of 1.94%, while the S&P 500 had an annualized return of 11.18%, indicating that Transamerica Short-Term Bond Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 3.81% | 21.88% |
1 month | -0.99% | 0.89% |
6 months | 2.97% | 15.85% |
1 year | 6.70% | 38.63% |
5 years (annualized) | 1.78% | 13.69% |
10 years (annualized) | 1.94% | 11.18% |
Monthly Returns
The table below presents the monthly returns of ITAAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.54% | -0.18% | 0.60% | -0.35% | 0.85% | 0.53% | 1.08% | 0.84% | 0.85% | 3.81% | |||
2023 | 1.18% | -0.56% | 0.77% | 0.45% | -0.12% | -0.23% | 0.59% | 0.39% | -0.12% | 0.11% | 1.35% | 1.42% | 5.33% |
2022 | -0.59% | -0.59% | -1.09% | -0.69% | 0.02% | -0.87% | 0.65% | -0.44% | -1.25% | -0.32% | 1.05% | 0.43% | -3.65% |
2021 | 0.31% | -0.06% | -0.17% | 0.21% | 0.29% | 0.02% | 0.10% | 0.01% | -0.09% | -0.29% | -0.20% | -0.11% | 0.02% |
2020 | 0.68% | 0.57% | -6.08% | 2.77% | 1.47% | 1.67% | 0.74% | 0.35% | 0.05% | 0.14% | 0.62% | 0.51% | 3.28% |
2019 | 0.72% | 0.42% | 0.70% | 0.33% | 0.61% | 0.69% | 0.13% | 0.70% | 0.02% | 0.40% | 0.10% | 0.20% | 5.12% |
2018 | -0.21% | -0.12% | -0.04% | 0.10% | 0.29% | -0.01% | 0.21% | 0.40% | -0.01% | -0.07% | 0.02% | 0.22% | 0.77% |
2017 | 0.38% | 0.37% | 0.07% | 0.26% | 0.37% | 0.06% | 0.37% | 0.17% | 0.06% | 0.06% | -0.14% | 0.15% | 2.20% |
2016 | -0.01% | -0.12% | 0.98% | 0.68% | 0.26% | 0.28% | 0.52% | 0.23% | 0.18% | 0.16% | -0.39% | 0.19% | 2.98% |
2015 | 0.29% | 0.18% | 0.25% | 0.31% | 0.16% | -0.22% | 0.00% | -0.23% | -0.03% | 0.19% | -0.24% | -0.33% | 0.32% |
2014 | 0.63% | 0.39% | 0.25% | 0.47% | 0.27% | 0.34% | 0.09% | 0.34% | 0.05% | 0.35% | -0.04% | -0.46% | 2.70% |
2013 | 0.69% | 0.24% | 0.41% | 0.52% | 0.05% | -0.65% | 0.74% | 0.10% | 0.66% | 0.67% | 0.44% | -0.02% | 3.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ITAAX is 82, placing it in the top 18% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Transamerica Short-Term Bond Fund (ITAAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Transamerica Short-Term Bond Fund provided a 3.61% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 2 consecutive years.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.36 | $0.33 | $0.18 | $0.13 | $0.20 | $0.26 | $0.24 | $0.20 | $0.23 | $0.21 | $0.38 | $0.49 |
Dividend yield | 3.61% | 3.31% | 1.80% | 1.29% | 1.93% | 2.52% | 2.36% | 1.98% | 2.25% | 2.12% | 3.67% | 4.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Transamerica Short-Term Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.00 | $0.30 | ||
2023 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.20 |
2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
2014 | $0.05 | $0.02 | $0.04 | $0.04 | $0.02 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.02 | $0.02 | $0.38 |
2013 | $0.05 | $0.02 | $0.04 | $0.03 | $0.05 | $0.04 | $0.05 | $0.02 | $0.04 | $0.04 | $0.04 | $0.08 | $0.49 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Transamerica Short-Term Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Transamerica Short-Term Bond Fund was 10.38%, occurring on Mar 25, 2020. Recovery took 89 trading sessions.
The current Transamerica Short-Term Bond Fund drawdown is 1.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-10.38% | Mar 6, 2020 | 14 | Mar 25, 2020 | 89 | Jul 31, 2020 | 103 |
-6.17% | Aug 4, 2021 | 307 | Oct 20, 2022 | 289 | Dec 14, 2023 | 596 |
-5.23% | Sep 16, 2008 | 59 | Dec 8, 2008 | 79 | Apr 2, 2009 | 138 |
-1.37% | Jun 1, 2015 | 178 | Feb 11, 2016 | 36 | Apr 5, 2016 | 214 |
-1.09% | Oct 3, 2024 | 20 | Oct 30, 2024 | — | — | — |
Volatility
Volatility Chart
The current Transamerica Short-Term Bond Fund volatility is 0.62%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.