Fund Evaluator:
Transamerica Emerging Markets Eq I (TEOIX)
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Best Performing in Diversified Emerging Mkts Over the Last Year
| 55.1% | Invesco Emerging Markets ex-China Y (GTDYX) |
| 51.1% | WCM Focused Emerging Mkts Ex Chn Inv (WCFEX) |
| 47.2% | Matthews Emerging Markets Sust Fut Inv (MASGX) |
| 46.5% | Lazard Emerging Markets Equity Instl (LZEMX) |
| 46.5% | LSV Emerging Markets Equity Inv (LVAZX) |
Fund Details
Transamerica Emerging Markets Eq I Overview
Transamerica Emerging Markets Eq I (TEOIX) is an actively managed International Equity Diversified Emerging Mkts fund. Transamerica launched the fund in 2019.
The investment seeks long-term capital appreciation. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of the fund’s net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities American Depository Receipts (“ADRs”), Global Depository Receipts (“GDRs”) and European Depository Receipts (“EDRs”)) of companies that are located and/or conduct substantial business activities in emerging markets, including frontier markets.
About Transamerica Emerging Markets Eq I (TEOIX)
There are 1 members of the management team with an average tenure of 1.92 years: Elliott Jones (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. Transamerica Emerging Markets Eq I has 75 securities in its portfolio. The top 10 holdings constitute 44.0% 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 Emerging Markets Eq I is part of the Equity global asset class and is within the International Equity fund group. Transamerica Emerging Markets Eq I has 94.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 4.4%. There is 94.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Transamerica Emerging Markets Eq I has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $62 million in total assets, which is below the $967 million average for the Diversified Emerging Mkts 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.
TEOIX 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 Emerging Markets Eq I expense ratio is high compared to funds in the Diversified Emerging Mkts category. Transamerica Emerging Markets Eq I has an expense ratio of 0.98%, which is 15% 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 Emerging Markets Eq I has a portfolio turnover rate of 35%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, Transamerica Emerging Markets Eq I returned -3.9%, which earned it a grade of B, as the Diversified Emerging Mkts category had an average return of -4.9%. 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 Emerging Markets Eq I has a trailing yield of 0.82%, which is below the 1.72% category average. The fund normally distributes its income 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 Emerging Markets Eq I Grades
Year to date, the fund has returned 19.4%, 0.4 percentage points better than the category, which translates into a grade of C. The fund has returned 35.1% over the past year (grade of C), 19.0% over the past three years (grade of C) and 5.4% per year over the past five years (grade of D).
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TEOIX 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 |
|
| TEOIX Return (NAV) | -3.9% | 4.5% | 35.1% | 19.0% | 5.4% | na |
| TEOIX Grade | B | A | C | C | D | na |
| +/- Category | 1.0% | 2.1% | -0.8% | 1.1% | -1.1% | na |
| Diversified Emerging Mkts Avg | -4.9% | 2.4% | 35.9% | 17.9% | 6.5% | 8.7% |
| TEOIX Tax Cost Ratio | na | na | 0.3% | 0.4% | 1.2% | na |
TEOIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TEOIX Return (NAV) | 19.4% | 37.6% | 7.2% | 2.1% | -24.6% | -2.7% | 16.9% | na | na | na | na |
| TEOIX Grade | C | A | B | F | D | D | D | na | na | na | na |
| +/- Category | 0.4% | 6.2% | 0.9% | -10.0% | -1.9% | -2.4% | -4.7% | na | na | na | na |
| Diversified Emerging Mkts Avg | 19.1% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.6% | 8.6% |
| Risk Measures | |
| Standard Deviation: | 15.3% |
| Total Risk Index: | 1.25 - Above Average |
| Category Risk Index: | 0.91 - Below Average |
| Category Risk Grade: | B (28% Rank) |
| Beta: | 0.97 |
| R-Squared: | 76% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $356 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 35% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.9 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Jones Elliott (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 75 |
| % in Top 10 Holdings: | 44.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 94.3% |
Portfolio Allocation |
|
| Domestic Stock: | 4.4% |
| Foreign Stock: | 94.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.2% |
Purchase Information
| Fund Family: | Transamerica |
| Phone Number: | 888-233-4339 |
| Website: | www.transamericafunds.com |
| Status: | Open |
| Inception Date: | December 19, 2019 |
| 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 (%): | 0.98% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.16% |
| Share Class: | Transamerica Emerging Markets Eq I2 |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
