Transamerica Intermediate Muni fund Wins 2018 Thomson Reuters Lipper Fund Award
BALTIMORE, Feb. 28, 2018 /PRNewswire/ -- Transamerica Intermediate Muni class I shares (TIMUX) has won a 2018 Lipper Fund Award in Lipper's Five Years Intermediate Municipal Debt Funds category. The Lipper Fund Awards recognize funds that have excelled in providing consistently strong risk-adjusted performance relative to their peers. This is the second time in three years this fund has been recognized with a Lipper Award.
Transamerica Intermediate Muni fund seeks to maximize total return through a combination of current income that is exempt from federal income taxes and capital appreciation. The fund is investment-advised by Transamerica Asset Management, Inc. and is sub-advised by Belle Haven Investments, L.P., a fixed income manager.
"We are honored to be recognized for delivering excellence to our fund shareholders," said Tom Wald, chief investment officer for Transamerica Asset Management, Inc. "The Lipper Award is a reflection of the investment expertise and insight of the team at Belle Haven Investments as well Transamerica's sub advisor selection process. Transamerica takes a disciplined and diversified approach to our mutual fund lineup in order to harness the experience of some of the top asset managers across the industry on behalf of our investors."
The annual Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrates exceptional performance throughout the professional investment community.
About Transamerica
With a history that dates back more than 100 years, Transamerica is recognized as a leading provider of life insurance, retirement and investment solutions, serving millions of customers throughout the United States. Recognizing the necessity of health and wellness during peak working life, Transamerica's dedicated professionals work to help people take the steps necessary to live better today so they can worry less about tomorrow. Transamerica serves nearly every customer segment, providing a broad range of quality life insurance and investment products, individual and group pension plans, as well as asset management services. In 2017, Transamerica fulfilled its promises to customers, paying more than $35.6 billion in insurance, retirement, and annuity claims and benefits, including return of annuity premiums paid by the customer. Transamerica's corporate headquarters is located in Baltimore, Maryland, with other major operations in Cedar Rapids, Iowa. Transamerica is part of the Aegon group of companies. Based in the Netherlands, Aegon is one of the world's largest providers of life insurance, pension solutions and asset management products, operating in more than 20 markets worldwide. For the full year of 2017, Aegon managed $982 billion in revenue generating investments. For more information, please visit www.transamerica.com.
About Transamerica Asset Management, Inc.
Transamerica Asset Management is an SEC Registered Investment Adviser which has been providing investment solutions for individual investors and institutions for over 25 years. Transamerica Asset Management manages $83.9 billion in assets as of December 31, 2017. Transamerica mutual funds are distributed by Transamerica Capital, Inc.
About Belle Haven Investments
Belle Haven Investments is an independent money manager specializing in separately managed taxable and tax-exempt fixed income portfolios since 2002. Belle Haven Investments is based in Westchester County, New York and manages $6.9 billion in assets as of January 31, 2018.
About the Lipper Fund Award
Transamerica Intermediate Muni Class I received the 2018 Lipper Fund Award for Best Intermediate Municipal Debt Fund for the 5-year period, ranking best out of 58 contenders in the Lipper Intermediate Municipal Debt Funds category. The fund's ranking was based on its ability to provide superior consistency and risk-adjusted returns over a 5-year period against a group of similar funds, as of November 30, 2017.
Mutual funds are subject to market risk, including the loss of principal. Past performance is not indicative of future results.
Municipal bond prices can rise or fall depending on interest rates. Interest rates may go up, causing the value of the fund's investments to decline. All municipal bonds carry credit risk that the issuer will default or be unable to make timely payments of interest and principal. Generally, lower rated bonds carry more credit risk.
Mutual Funds are sold by prospectus. Before investing, consider the funds' investment objectives, risks, charges, and expenses. This and other important information is contained in the prospectus. Please go to www.transamerica.com or contact your financial professional to obtain a prospectus or, if available, a summary prospectus containing this information. Please read it carefully before investing.
Transamerica Funds are advised by Transamerica Asset Management, Inc. and distributed by Transamerica Capital, Inc., 1801 California Street, Suite 5200, Denver, CO 80202.
Media inquiries
Julie Quinlan
303-383-5923
[email protected]
Jim Van Someren
720-529-6886
[email protected]
SOURCE Transamerica
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