Transamerica Series Trust plans launch of three new funds

By Toni Weeks

San Diego, Feb. 2 - Transamerica Series Trust announced in an N-1A filing with the Securities and Exchange Commission that it is planning to launch three new funds.

The Transamerica Legg Mason Dynamic Allocation - Balanced VP will seek capital appreciation and income by investing its assets in a combination of underlying funds that include exchange-traded funds. The portfolio will invest in a range of asset classes combined with multiple layers of risk management strategies. The initial target allocation will be 50% in equity ETFs and 50% in fixed-income ETFs that are not money market funds.

The portfolio managers will be Steven D. Bleiberg and Y. Wayne Lin of Legg Mason Global Asset Allocation, LLC and Prashant Chandran of Western Asset Management Co. Legg Mason and Western Asset are the fund's subadvisers.

The Transamerica Legg Mason Dynamic Allocation - Growth VP will seek capital appreciation and income by investing in a combination of underlying funds that include ETFs. The initial target allocation will be 70% in equity ETFs and 30% in fixed-income ETFs that are not money market funds.

As in the previous fund, the portfolio managers will be Bleiberg and Lin.

The Transamerica Market Participation Strategy VP will seek capital appreciation by providing participation in the stock market when it advances and by reducing declines in the portfolio's value when the market declines. The strategy is designed to provide upside equity participation similar to 50% equity exposure while seeking to reduce downside risk over the course of a full market cycle. The portfolio's subadviser, Quantitative Management Associates LLC, will periodically rebalance the asset mix of U.S. Treasuries, U.S. agency bonds and equity index options and futures to respond to changing market conditions and to balance risk and reward. The fund's initial target allocation will be 50% in equity ETFs and 50% in fixed-income ETFs that are not money market funds.

The portfolio managers will be Devang Gambhirwala, Ted Lockwood and Marcus M. Perl of Quantitative.

The funds will not impose any shareholder fees. Management fees and other expenses have not yet been determined, although a fee waiver agreement with the adviser has been inked to limit total operating expenses.

St. Petersburg, Fla.-based Transamerica Asset Management, Inc. will be the funds' investment adviser.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.