Fund Evaluator:

Transamerica International Equity R Overview

Transamerica International Equity R (TRWRX) is an actively managed International Equity Foreign Large Value fund. Transamerica launched the fund in 2017.

The investment seeks maximum long-term total return. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities of foreign companies representing at least three countries other than the United States. The fund will invest primarily in securities of companies domiciled in developed markets, but may invest up to 10% of its assets in securities of companies in emerging countries.

About Transamerica International Equity R (TRWRX)

There are 2 members of the management team with an average tenure of 10.92 years: Brandon Harrell (2005), Stedman Oakey (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. Transamerica International Equity R has 109 securities in its portfolio. The top 10 holdings constitute 22.9% 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 International Equity R is part of the Equity global asset class and is within the International Equity fund group. Transamerica International Equity R has 96.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.8%. There is 96.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 1.4% (1.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Transamerica International Equity R has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $21 million in total assets, which is below the $976 million average for the Foreign Large Value 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.

TRWRX 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 International Equity R expense ratio is high compared to funds in the Foreign Large Value category. Transamerica International Equity R has an expense ratio of 1.28%, 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 International Equity R 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 62% for the Foreign Large Value category.

Recently, in the month of July 2026, Transamerica International Equity R returned 3.1%, which earned it a grade of D, as the Foreign Large Value category had an average return of 3.8%. 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 International Equity R has a trailing yield of 2.88%, which is above the 2.78% 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 International Equity R Grades

Year to date, the fund has returned 15.6%, 0.7 percentage points better than the category, which translates into a grade of C. The fund has returned 29.9% over the past year (grade of C), 17.1% over the past three years (grade of D) and 9.6% per year over the past five years (grade of F) and 8.8% per year over the past 10 years (grade of D).

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