BALTIMORE, April 18, 2016 /PRNewswire/ -- Transamerica Intermediate Muni fund has won a 2016 Lipper Fund Award for its class I shares (TIMUX) in Lipper's Three 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.
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 and is sub-advised by Belle Haven Investments, a boutique fixed income manager.
"We are pleased to be recognized for delivering excellence to our fund shareholders," said Tom Wald, chief investment officer of Transamerica Asset Management. "Transamerica takes a diversified approach to investment management in order to harness the expertise of some of the top asset managers across the industry on behalf of our investors. This award validates Transamerica's portfolio manager selection process, as well as the commitment and investment acumen of the team at Belle Haven Investments."
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 over 100 years, Transamerica is recognized as a leading provider of life insurance, savings, retirement and investment solutions throughout the U.S. Transamerica works to Transform Tomorrow® for millions of customers, helping them take the necessary steps to achieve a lifetime of financial security. Transamerica's corporate headquarters is located in Baltimore, Maryland, with other major corporate operations based in Cedar Rapids, Iowa. Transamerica is a member of the Aegon group of companies. For more information, please visit www.transamerica.com.
About Belle Haven Investments Belle Haven Investments, L.P. 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 $4.3 billion in assets as of March 31, 2016.
About Transamerica Asset Management Transamerica Asset Management, Inc. manages $74.6 billion in assets as of March 31, 2016. Transamerica mutual funds are distributed by Transamerica Capital, Inc.
About the Lipper Fund Award Transamerica Intermediate Muni Class I received the 2016 Lipper Fund Award for Best Intermediate Municipal Debt Fund for the 3-year period, ranking best out of 60 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 3-year period against a group of similar funds, as of November 30, 2015.
Past performance does not guarantee results. Municipal bond prices can rise or fall depending on interest rates. Interest rate changes generally have a greater effect on long-term bond prices. 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.
For more information on a mutual fund, please go to transamerica.com for a free fund prospectus. You should consider the objectives, risks, charges, and expenses of an investment carefully before investing. Read it carefully before you invest.