Transamerica Multi-Managed Balanced Fund
IBALX
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- Transamerica Multi-Managed Balanced Fund (IBALX) is an open-end mutual fund managed by Transamerica Asset Management, Inc. that seeks high total investment return through a diversified portfolio consisting primarily of equity securities, fixed-income securities, and money market instruments. The fund typically allocates approximately 60% of its assets to equities, including large-cap growth stocks such as Microsoft Corp., Apple Inc., NVIDIA Corp., Amazon.com Inc., and Meta Platforms Inc. Class A; and 40% to fixed-income instruments like Federal National Mortgage Association mortgage-backed securities and U.S. Treasury bonds, alongside cash equivalents, targeting the moderate allocation category with a blend of large-cap stocks and high credit quality bonds exhibiting moderate interest-rate sensitivity. It employs a multi-manager approach with subadvisors including Raffaele Zingone, Timothy Snyder, Brian Westhoff, Tyler Knight, and Sivakumar Rajan, resulting in a portfolio turnover of 33%, a net expense ratio of 0.97-0.98%, a front-end load of 5.50%, and total net assets exceeding $1.5 billion as of recent reports. Transamerica Funds, the parent fund complex, traces its origins to 1904 with the founding of its predecessor entities by A.P. Giannini in San Francisco and operates as a subsidiary of Aegon N.V. since 1999, with current headquarters at 600 Montgomery Street in Baltimore, Maryland, and key asset management offices at 1801 California Street, Suite 5200, Denver, Colorado. The Multi-Managed Balanced Fund, launched on December 2, 1994, serves individual and institutional investors primarily in the United States, focusing on long-term capital appreciation and income generation through its balanced asset allocation strategy across technology, financial services, consumer cyclical, communication services, and healthcare sectors for equities, and securitized and government bonds. In recent developments, Transamerica expanded its investment offerings on December 16, 2025, by launching two actively managed ETFs—Transamerica Value Active ETF (TVAX) and Transamerica Active Bond ETF (TABD)—leveraging subadvisors with established mutual fund strategies to provide diversified access to large value equities and fixed-income securities via a tax-efficient exchange-traded format. The firm also grew its retirement plan capabilities in late 2024 through an expanded collaboration with FBG Service Corporation and The Contractors Plan, scaling a $2 billion pooled employer plan program to enhance retirement solutions for middle-market participants. These initiatives align with Transamerica's ongoing strategy of partnering with external asset managers and innovating product delivery while maintaining focus on life insurance, retirement services, and subadvised mutual funds like IBALX.