Fund Evaluator:
Transamerica Asset Allocation Growth A (IAAAX)
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Best Performing in Global Aggressive Allocation Over the Last Year
| 24.7% | TOPS® Aggressive ETF 2 () |
| 23.5% | Fidelity Advisor Asset Manager 85% Z (FIQCX) |
| 23.4% | Fidelity Asset Manager 85% (FAMRX) |
| 20.6% | Invesco Select Risk: High Growth Inv Y (OYAIX) |
| 19.3% | Goldman Sachs Growth Allocation Inv (GGSTX) |
Fund Details
Transamerica Asset Allocation Growth A Overview
Transamerica Asset Allocation Growth A (IAAAX) is an actively managed Allocation Global Aggressive Allocation fund. Transamerica launched the fund in 2002.
The investment seeks long-term capital appreciation. The fund invests its assets in a broad mix of underlying Transamerica funds. Under normal circumstances, the managers expect to invest primarily in underlying funds that invest in U.S. and foreign (including emerging market) equities, commodity-related securities, and alternative investments. The underlying funds may invest in a variety of U.S. and foreign equity and fixed-income (including high-yield) securities and alternative investments.
About Transamerica Asset Allocation Growth A (IAAAX)
There are 2 members of the management team with an average tenure of 3.50 years: Alexandra Wilson-Elizondo (2021), Siwen Wu (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI World NR USD index with a weighting of 100%. Transamerica Asset Allocation Growth A has 25 securities in its portfolio. The top 10 holdings constitute 91.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Transamerica Asset Allocation Growth A is part of the Allocation global asset class and is within the Allocation fund group. Transamerica Asset Allocation Growth A has 25.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 71.0%. There is 25.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.2% (0.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Transamerica Asset Allocation Growth A has 3.3% of the portfolio in cash.
Assets Under Management
The fund has $970 million in total assets, which is above the $328 million average for the Global Aggressive Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IAAAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Transamerica Asset Allocation Growth A expense ratio is high compared to funds in the Global Aggressive Allocation category. Transamerica Asset Allocation Growth A has an expense ratio of 1.19%, which is 16% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Transamerica Asset Allocation Growth A has a portfolio turnover rate of 14%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 30% for the Global Aggressive Allocation category.
Recently, in the month of July 2026, Transamerica Asset Allocation Growth A returned 0.2%, which earned it a grade of A, as the Global Aggressive Allocation category had an average return of -0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Transamerica Asset Allocation Growth A has a trailing yield of 0.74%, which is below the 1.37% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Transamerica Asset Allocation Growth A Grades
Year to date, the fund has returned 9.9%, 0.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 19.9% over the past year (grade of C), 17.6% over the past three years (grade of A) and 9.2% per year over the past five years (grade of A) and 10.8% per year over the past 10 years (grade of C).
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IAAAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IAAAX Return (NAV) | 0.2% | 4.7% | 19.9% | 17.6% | 9.2% | 10.8% |
| IAAAX Grade | A | A | C | A | A | C |
| +/- Category | 1.0% | 1.5% | 0.3% | 1.9% | 1.0% | -0.0% |
| Global Aggressive Allocation Avg | -0.9% | 3.2% | 19.6% | 15.7% | 8.2% | 10.8% |
| IAAAX Tax Cost Ratio | na | na | 1.7% | 1.2% | 1.6% | 1.9% |
IAAAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IAAAX Return (NAV) | 9.9% | 21.5% | 17.4% | 20.0% | -19.4% | 16.1% | 18.9% | 21.8% | -11.5% | 20.2% | 8.3% |
| IAAAX Grade | D | B | A | B | D | D | C | F | F | F | B |
| +/- Category | -0.5% | 3.1% | 2.7% | 1.4% | -0.5% | -0.7% | 0.9% | -3.7% | -1.2% | -3.1% | 1.1% |
| Global Aggressive Allocation Avg | 10.5% | 18.4% | 14.7% | 18.6% | -18.8% | 16.8% | 18.0% | 25.5% | -10.3% | 23.3% | 7.2% |
| Risk Measures | |
| Standard Deviation: | 12.6% |
| Total Risk Index: | 1.03 - Average |
| Category Risk Index: | 1.00 - Above Average |
| Category Risk Grade: | D (68% Rank) |
| Beta: | 1.25 |
| R-Squared: | 87% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1352 Mil |
| Fund Total Assets: | $ 970 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 14% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.6 years | |||
| Average Tenure: 3.5 years | |||
| Managers (Year): Wilson-Elizondo Alexandra (2021), Wu Siwen (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 25 |
| % in Top 10 Holdings: | 91.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 25.4% |
Portfolio Allocation |
|
| Domestic Stock: | 71.0% |
| Foreign Stock: | 25.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.2% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 3.3% |
Purchase Information
| Fund Family: | Transamerica |
| Phone Number: | 888-233-4339 |
| Website: | www.transamericafunds.com |
| Status: | Open |
| Inception Date: | March 1, 2002 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 5.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.19% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.02% |
| Share Class: | Transamerica Asset Allocation Growth A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
