Multi-Asset Income
View from Libby Hill Park
Church Hill Neighborhood; Richmond, VA
View from Libby Hill Park
Church Hill Neighborhood; Richmond, VA
About Multi-Asset Income
Investment Objective
The strategy is specifically structured to provide downside protection with a significant yield premium (+300-500bps) to the S&P 500® Index, while also participating in the long-term appreciation of the equity market. We expect the strategy to deliver attractive risk-adjusted returns compared to the S&P 500® Index over a market cycle.
Investment Overview
The Multi Asset Income strategy was born out of 2008, developed to meet the needs of clients seeking participation in the long-term appreciation of equity markets, but not able to withstand large swings in short-term volatility. The fund utilizes a combination of common equity, high yield credit, and preferred stocks in attempt to meet those objectives. Fundamental bottom-up analysis paired with tactical adjustments are used to construct the portfolio.
Strategy Highlights
Repeatability: a tenured team executing a consistently applied process
Income objective of 300-500 bps over the S&P 500® Index dividend yield with an emphasis on downside protection
A tenured team with over a decade of averaged experience working together
Allocation Ranges
- Common Equity: 20-60%
- $3B market cap and greater
- U.S. focused
- High Yield: 20-60%
- Focus on high-quality high yield
- Limited exposure to CCC & Below rated credit
- Preferred:0-40%
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Multi-Asset Income Trailing Performance
June 30, 2024
Calendar year performance reflects past 10 years of data available.
Benchmark: S&P 500® Index. The Index measures the performance of the large-cap segment of the market. Considered to be a proxy of the U.S. equity market, the Index is composed of 500 constituent companies. Benchmark Source: FactSet
Periods less than one year are not annualized. Performance represents the Multi-Asset Income composite. Performance is shown gross and net of management fees and includes reinvestment of dividends and other income. Gross returns will be reduced by investment advisory fees and other expenses that are incurred in the management of the account. Net of fee performance was calculated using the actual management fees charged. These figures have been rounded to the nearest hundredth. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Performance disclosures can be found here.
Please see Risk Disclosures for important information.
Calendar year performance reflects past 10 years of data available.
Benchmark: S&P 500® Index. The Index measures the performance of the large-cap segment of the market. Considered to be a proxy of the U.S. equity market, the Index is composed of 500 constituent companies. Benchmark Source: FactSet
Periods less than one year are not annualized. Performance represents the Multi-Asset Income composite. Performance is shown gross and net of management fees and includes reinvestment of dividends and other income. Gross returns will be reduced by investment advisory fees and other expenses that are incurred in the management of the account. Net of fee performance was calculated using the actual management fees charged. These figures have been rounded to the nearest hundredth. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Performance disclosures can be found here.
Please see Risk Disclosures for important information.
Portfolio Mix
June 30, 2024
Source: FactSet (July 2024). Characteristics are run on a single account in the Multi-Asset Income composite.
Portfolio Characteristics
June 30, 2024
Benchmark: S&P 500® Index Source: eVestment Alliance, Bloomberg S&P Dow Jones Indices LLC, a division of S&P Global. Summary statistics are computed using monthly data.
Current Yield Over Time
June 30, 2024
Source: FactSet (July 2024), FIS Global InvestOne. Characteristics are run on a single account in the Multi-Asset Income composite.
Meet Our Team
Bill is a graduate of Cornell University, BS and Duke University, MBA. He previously worked for Merrill Lynch Capital Markets as an Assistant Vice President, Clayton Brown & Associates as a Vice President, First Union Capital Markets as a Vice President and Trusco Capital Management as a Vice President. He holds the Chartered Financial Analyst® designation and is registered as an Investment Adviser Representative. Check the Background of this Investment Professional here.
David is a graduate of Virginia Polytechnic Institute & State University, BS. He previously worked for Trusco Capital Management as a Portfolio Analyst and Crestar Asset Management as a Trading Assistant. He holds the Chartered Financial Analyst® designation.
Charles is a graduate of the University of Delaware, BS, and Wake Forest University, MBA. He previously worked for The Trust Company of Virginia as a Fixed Income Portfolio Manager, Sterne Agee as a Credit Analyst, and BB&T Capital Markets as a Credit Analyst. He holds the Chartered Financial Analyst® designation.
1Investing involves risk including loss of principal. For more information pertaining to the mutual fund products above, including investment objectives, risks, charges and expenses, obtain a prospectus. Read the prospectus carefully before investing or sending money. Neither this material nor any accompanying oral presentation or remarks by a representative of the distributors is intended to constitute a recommendation of the funds or a determination of suitability for any investor. Transamerica Multi-Asset Income is distributed by Transamerica Capital, Inc., which is not affiliated with Thompson, Siegel & Walmsley LLC or any other affiliate. To request a copy of the prospectus, you may call 1-866-414-6349. Only I share class tickers are shown. Contact the adviser or distributor at the links below for specific share class information.
For more information on Transamerica International Multi-Asset Income, visit www.transamerica.com or call 1-800-851-7555.
Data as of 06/30/2024
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Suite 600
Richmond, VA 23230
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You are now leaving the TSW website. This link is provided as a convenience, and Thompson, Siegel & Walmsley is not responsible for the content provided on your destination site.
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You are now leaving the TSW website. This link is provided as a convenience, and Thompson, Siegel & Walmsley is not responsible for the content provided on your destination site.
