Fund Evaluator:

Transamerica Asset Allocation Mod Gr I Overview

Transamerica Asset Allocation Mod Gr I (TMGIX) is an actively managed Allocation Global Moderate Allocation fund. Transamerica launched the fund in 2009.

The investment seeks capital appreciation with current income as a secondary objective. The fund invests its assets in a broad mix of underlying funds. Under normal circumstances, investments in underlying funds are expected to achieve a mix over time of approximately 70% of net assets in equities, which may include both stocks and commodity-related securities, and approximately 30% of net assets in fixed-income securities, which may include bonds, convertible securities, cash, cash equivalents, and other money market instruments. These percentages may vary. The fund may invest directly in U.S. government securities and/or short-term commercial paper.

About Transamerica Asset Allocation Mod Gr I (TMGIX)

There are 2 members of the management team with an average tenure of 3.50 years: Alexandra Wilson-Elizondo (2021), Siwen Wu (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 3 primary benchmarks: MSCI World NR USD index with a weighting of 100%, Bloomberg US Agg Bond TR USD index with a weighting of 30% and MSCI World NR USD index with a weighting of 70%. Transamerica Asset Allocation Mod Gr I has 37 securities in its portfolio. The top 10 holdings constitute 83.3% 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 Asset Allocation Mod Gr I is part of the Allocation global asset class and is within the Allocation fund group. Transamerica Asset Allocation Mod Gr I has 23.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 49.5%. There is 18.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 26.2% (22.1% domestic bond, 4.1% foreign bond and 0.0% convertible bond). Transamerica Asset Allocation Mod Gr I has 5.3% of the portfolio in cash.

Assets Under Management

The fund has $66 million in total assets, which is below the $947 million average for the Global 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.

TMGIX 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 Asset Allocation Mod Gr I expense ratio is above average compared to funds in the Global Moderate Allocation category. Transamerica Asset Allocation Mod Gr I has an expense ratio of 0.79%, which is 24% 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 Asset Allocation Mod Gr I has a portfolio turnover rate of 13%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.

Recently, in the month of July 2026, Transamerica Asset Allocation Mod Gr I returned -0.3%, which earned it a grade of C, as the Global 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 Asset Allocation Mod Gr I has a trailing yield of 1.68%, which is below the 2.61% category average. The fund normally distributes its income annually 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 Asset Allocation Mod Gr I Grades

Year to date, the fund has returned 7.1%, 1.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 15.2% over the past year (grade of C), 14.3% over the past three years (grade of A) and 7.1% per year over the past five years (grade of B) and 8.8% per year over the past 10 years (grade of A).

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