Fund Evaluator:
Transamerica Multi-Asset Income A (TASHX)
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Best Performing in Moderate Allocation Over the Last Year
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Fund Details
Transamerica Multi-Asset Income A Overview
Transamerica Multi-Asset Income A (TASHX) is an actively managed Allocation Moderate Allocation fund. Transamerica launched the fund in 2014.
The investment seeks current income while providing long-term capital appreciation. The fund's sub-adviser deploys an active strategy that normally seeks to invest in a range of securities, including primarily U.S. stocks with market capitalizations at the time of purchase in excess of $3 billion, preferred stocks, and income producing fixed-income securities. The fund invests in a diversified portfolio of credit and equity securities and may shift its investments from one asset class to another in seeking to achieve the fund’s income objective.
About Transamerica Multi-Asset Income A (TASHX)
There are 1 members of the management team with an average tenure of 0.62 years: David McMackin (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 4 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100%, Russell 1000 Value TR USD index with a weighting of 50%, ICE BofA Fxd Rate Pref TR USD index with a weighting of 5% and ICE BofA BB-B US HY Constnd TR USD index with a weighting of 45%. Transamerica Multi-Asset Income A has 202 securities in its portfolio. The top 10 holdings constitute 22.6% 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-Asset Income A is part of the Allocation global asset class and is within the Allocation fund group. Transamerica Multi-Asset Income A has 1.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 56.8%. There is 0.0% allocated to foreign stock, and 4.6% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 37.6% (35.7% domestic bond, 1.8% foreign bond and 0.0% convertible bond). Transamerica Multi-Asset Income A has 1.1% of the portfolio in cash.
Assets Under Management
The fund has $185 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.
TASHX 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-Asset Income A expense ratio is high compared to funds in the Moderate Allocation category. Transamerica Multi-Asset Income A has an expense ratio of 0.97%, which is 2% 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 Multi-Asset Income A has a portfolio turnover rate of 53%, 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-Asset Income A returned 1.0%, which earned it a grade of A, 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-Asset Income A has a trailing yield of 3.09%, which is above the 1.97% 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 Multi-Asset Income A Grades
Year to date, the fund has returned 5.2%, 1.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 12.6% over the past year (grade of C), 12.4% over the past three years (grade of C) and 7.4% per year over the past five years (grade of B) and 9.1% per year over the past 10 years (grade of B).
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TASHX 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 |
|
| TASHX Return (NAV) | 1.0% | 1.7% | 12.6% | 12.4% | 7.4% | 9.1% |
| TASHX Grade | A | D | C | C | B | B |
| +/- Category | 1.3% | -0.4% | -0.5% | 0.4% | 0.8% | 0.7% |
| Moderate Allocation Avg | -0.3% | 2.1% | 13.1% | 12.0% | 6.6% | 8.5% |
| TASHX Tax Cost Ratio | na | na | 1.2% | 1.2% | 1.3% | 1.3% |
TASHX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TASHX Return (NAV) | 5.2% | 15.2% | 14.3% | 10.0% | -10.5% | 17.5% | 11.4% | 20.1% | -3.8% | 13.3% | 9.1% |
| TASHX Grade | D | B | B | F | A | A | D | C | B | D | B |
| +/- Category | -1.3% | 1.9% | 2.1% | -4.3% | 3.5% | 3.1% | -1.6% | 0.3% | 1.3% | -0.5% | 1.4% |
| Moderate Allocation Avg | 6.4% | 13.4% | 12.2% | 14.3% | -14.0% | 14.4% | 12.9% | 19.8% | -5.1% | 13.8% | 7.7% |
| Risk Measures | |
| Standard Deviation: | 7.3% |
| Total Risk Index: | 0.59 - Below Average |
| Category Risk Index: | 0.79 - Low |
| Category Risk Grade: | A (2% Rank) |
| Beta: | 0.70 |
| R-Squared: | 82% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 3.1% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $886 Mil |
| Fund Total Assets: | $ 186 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 53% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.6 years | |||
| Average Tenure: 0.6 years | |||
| Managers (Year): McMackin David (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 202 |
| % in Top 10 Holdings: | 22.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.8% |
Portfolio Allocation |
|
| Domestic Stock: | 56.8% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 4.6% |
| Domestic Bond: | 35.7% |
| Foreign Bond: | 1.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.1% |
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 |
| 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 (%): | 0.97% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | Transamerica Multi-Asset Income I |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
