Fund Evaluator:
Transamerica Balanced II I3 (TBLTX)
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Best Performing in Moderate Allocation Over the Last Year
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Fund Details
Transamerica Balanced II I3 Overview
Transamerica Balanced II I3 (TBLTX) is an actively managed Allocation Moderate Allocation fund. Transamerica launched the fund in 2017.
The investment seeks to provide a high total investment return. 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). The fund's investment manager monitors the allocation of the fund's assets between the equity sub-adviser and the fixed-income sub-adviser and rebalances the allocation periodically to maintain these approximate allocations.
About Transamerica Balanced II I3 (TBLTX)
There are 6 members of the management team with an average tenure of 10.49 years: Brian Westhoff (2014), Timothy Snyder (2013), Tyler Knight (2015), Sivakumar Rajan (2017), Raffaele Zingone (2010), 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 Balanced II I3 has 571 securities in its portfolio. The top 10 holdings constitute 22.5% 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 Balanced II I3 is part of the Allocation global asset class and is within the Allocation fund group. Transamerica Balanced II I3 has 2.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 56.2%. 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 36.2% (33.3% domestic bond, 2.8% foreign bond and 0.0% convertible bond). Transamerica Balanced II I3 has 7.6% of the portfolio in cash.
Assets Under Management
The fund has $48 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.
TBLTX 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 Balanced II I3 expense ratio is above average compared to funds in the Moderate Allocation category. Transamerica Balanced II I3 has an expense ratio of 0.63%, which is 37% lower than its category average, making the fund expense ratio grade a B. 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 Balanced II I3 has a portfolio turnover rate of 52%, 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 Balanced II I3 returned 0.0%, which earned it a grade of B, 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 Balanced II I3 has a trailing yield of 1.58%, 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 Balanced II I3 Grades
Year to date, the fund has returned 4.9%, 1.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 11.2% over the past year (grade of D), 12.6% over the past three years (grade of B) and 7.4% per year over the past five years (grade of B) and 9.6% per year over the past 10 years (grade of B).
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TBLTX 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 |
|
| TBLTX Return (NAV) | 0.0% | 1.8% | 11.2% | 12.6% | 7.4% | 9.6% |
| TBLTX Grade | B | D | D | B | B | B |
| +/- Category | 0.3% | -0.3% | -1.8% | 0.6% | 0.8% | 1.1% |
| Moderate Allocation Avg | -0.3% | 2.1% | 13.1% | 12.0% | 6.6% | 8.5% |
| TBLTX Tax Cost Ratio | na | na | 6.0% | 3.7% | 3.0% | na |
TBLTX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TBLTX Return (NAV) | 4.9% | 13.2% | 14.9% | 18.8% | -16.1% | 17.0% | 15.7% | 21.9% | -3.5% | 13.8% | 7.7% |
| TBLTX Grade | F | C | B | A | D | A | B | B | B | C | C |
| +/- Category | -1.6% | -0.1% | 2.7% | 4.4% | -2.2% | 2.7% | 2.8% | 2.1% | 1.6% | 0.0% | -0.0% |
| 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: | 9.1% |
| Total Risk Index: | 0.74 - Below Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (42% Rank) |
| Beta: | 0.89 |
| R-Squared: | 85% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 1.6% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $70 Mil |
| Fund Total Assets: | $ 48 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 52% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 16.1 years | |||
| Average Tenure: 10.5 years | |||
| Managers (Year): Zingone Raffaele (2010), Snyder Timothy (2013), Westhoff Brian (2014), Knight Tyler (2015), Rajan Sivakumar (2017), Belton Daniel (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 571 |
| % in Top 10 Holdings: | 22.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.9% |
Portfolio Allocation |
|
| Domestic Stock: | 56.2% |
| Foreign Stock: | 0.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 33.3% |
| Foreign Bond: | 2.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 7.6% |
Purchase Information
| Fund Family: | Transamerica |
| Phone Number: | 888-233-4339 |
| Website: | www.transamericafunds.com |
| Status: | Open |
| Inception Date: | September 15, 2017 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| 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 (%): | 0.63% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | Transamerica Balanced II R |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
