Fund Evaluator:
Transamerica Inflation Opps I (ITIOX)
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Fund Details
Transamerica Inflation Opps I Overview
Transamerica Inflation Opps I (ITIOX) is an actively managed Taxable Bond Inflation-Protected Bond fund. Transamerica launched the fund in 2014.
The investment seeks maximum real return consistent with the preservation of capital. The fund’s sub-adviser, PineBridge Investments LLC (the “sub-adviser”), seeks to achieve the fund’s investment objective by normally investing the fund’s assets primarily in inflation-indexed fixed-income securities issued by domestic and foreign governments, their agencies or instrumentalities, and corporations.
About Transamerica Inflation Opps I (ITIOX)
There are 2 members of the management team with an average tenure of 8.01 years: Roberto Coronado (2018), Robert Vanden Assem (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Universal TR USD index with a weighting of 100% and Bloomberg US Treasury US TIPS TR USD index with a weighting of 100%. Transamerica Inflation Opps I has 126 securities in its portfolio. The top 10 holdings constitute 32.5% 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 Inflation Opps I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Transamerica Inflation Opps I has 13.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.5% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.5% (81.8% domestic bond, 13.7% foreign bond and 0.3% convertible bond). Transamerica Inflation Opps I has 3.7% of the portfolio in cash.
Assets Under Management
The fund has $4 million in total assets, which is below the $872 million average for the Inflation-Protected Bond 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.
ITIOX 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 Inflation Opps I expense ratio is above average compared to funds in the Inflation-Protected Bond category. Transamerica Inflation Opps I has an expense ratio of 0.64%, which is 13% lower than its category average, making the fund expense ratio grade a C. 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 Inflation Opps I has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Inflation-Protected Bond category.
Recently, in the month of June 2026, Transamerica Inflation Opps I returned -0.2%, which earned it a grade of A, as the Inflation-Protected Bond category had an average return of -0.6%. 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 Inflation Opps I has a trailing yield of 3.14%, which is below the 4.07% category average. The fund normally distributes its income monthly 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 Inflation Opps I Grades
Year to date, the fund has returned 1.2%, 0.1 percentage points better than the category, which translates into a grade of B. The fund has returned 3.2% over the past year (grade of C), 4.2% over the past three years (grade of B) and 1.3% per year over the past five years (grade of A) and 2.6% per year over the past 10 years (grade of B).
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ITIOX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ITIOX Return (NAV) | -0.2% | 1.0% | 3.2% | 4.2% | 1.3% | 2.6% |
| ITIOX Grade | A | A | C | B | A | B |
| +/- Category | 0.4% | 0.3% | -0.0% | 0.4% | 0.7% | 0.4% |
| Inflation-Protected Bond Avg | -0.6% | 0.7% | 3.2% | 3.8% | 0.6% | 2.2% |
| ITIOX Tax Cost Ratio | na | na | 1.3% | 1.2% | 1.5% | 1.0% |
ITIOX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ITIOX Return (NAV) | 1.2% | 6.1% | 2.1% | 6.0% | -10.8% | 4.0% | 8.9% | 8.8% | -2.0% | 4.1% | 4.8% |
| ITIOX Grade | B | D | B | A | A | F | F | A | D | A | B |
| +/- Category | 0.1% | -0.6% | 0.3% | 2.6% | 1.4% | -1.1% | -2.1% | 0.8% | -0.1% | 1.1% | 0.3% |
| Inflation-Protected Bond Avg | 1.1% | 6.7% | 1.8% | 3.3% | -12.3% | 5.1% | 11.1% | 8.0% | -1.9% | 2.9% | 4.5% |
| Risk Measures | |
| Standard Deviation: | 4.2% |
| Total Risk Index: | 0.34 - Low |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (33% Rank) |
| Beta: | 0.72 |
| R-Squared: | 93% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 3.1% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $155 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 29% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 8.0 years | |||
| Average Tenure: 8.0 years | |||
| Managers (Year): Coronado Roberto (2018), Vanden Assem Robert (2018) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 126 |
| % in Top 10 Holdings: | 32.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 13.7% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.5% |
| Domestic Bond: | 81.8% |
| Foreign Bond: | 13.7% |
| Convertible Bond: | 0.3% |
| Other: | 0.0% |
| Cash: | 3.7% |
Purchase Information
| Fund Family: | Transamerica |
| Phone Number: | 888-233-4339 |
| Website: | www.transamericafunds.com |
| Status: | Open |
| Inception Date: | March 3, 2014 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $1,000,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.64% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.73% |
| Share Class: | Transamerica Inflation Opps I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
