Fund Evaluator:

Transamerica Multi-Managed Balanced R Overview

Transamerica Multi-Managed Balanced R (TAAHX) is an actively managed Allocation Moderate Allocation fund. Transamerica launched the fund in 2022.

The investment seeks to provide a high total investment return through investments in a broadly diversified portfolio of stocks, bonds and money market instruments. Under normal circumstances, the fund invests approximately 60% of its net assets in equity securities and approximately 40% of its net assets in fixed-income securities (investing at least 25% of its net assets in fixed-income senior securities being those securities that rank above another security in the event of the company’s bankruptcy or liquidation).

About Transamerica Multi-Managed Balanced R (TAAHX)

There are 6 members of the management team with an average tenure of 10.36 years: Brian Westhoff (2014), Timothy Snyder (2013), Tyler Knight (2015), Sivakumar Rajan (2017), Raffaele Zingone (2011), Daniel Belton (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Transamerica Multi-Managed Balanced R has 670 securities in its portfolio. The top 10 holdings constitute 22.1% 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 Multi-Managed Balanced R is part of the Allocation global asset class and is within the Allocation fund group. Transamerica Multi-Managed Balanced R has 3.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 55.8%. There is 0.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 35.9% (33.0% domestic bond, 2.9% foreign bond and 0.0% convertible bond). Transamerica Multi-Managed Balanced R has 8.2% of the portfolio in cash.

Assets Under Management

The fund has $2 million in total assets, which is below the $2 billion average for the Moderate 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.

TAAHX 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 Multi-Managed Balanced R expense ratio is high compared to funds in the Moderate Allocation category. Transamerica Multi-Managed Balanced R has an expense ratio of 1.21%, which is 22% 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 Multi-Managed Balanced R has a portfolio turnover rate of 50%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.

Recently, in the month of July 2026, Transamerica Multi-Managed Balanced R returned -0.1%, which earned it a grade of C, as the Moderate Allocation category had an average return of -0.3%. 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 Multi-Managed Balanced R has a trailing yield of 1.17%, which is below the 1.97% category average. The fund normally distributes its income quarterly 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 Multi-Managed Balanced R Grades

Year to date, the fund has returned 4.5%, 1.9 percentage points worse than the category, which translates into a grade of F. The fund has returned 10.6% over the past year (grade of D), 11.8% over the past three years (grade of C) and 6.7% per year over the past five years (grade of C) and 8.9% per year over the past 10 years (grade of B).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Transamerica Multi-Managed Balanced R, including its riskiness, submit your email to unlock the rest of the article.