Investment Objective

Our goal in the TIM Mid Growth portfolios is to provide superior risk-adjusted returns and long-term capital appreciation and to outperform relative benchmarks such as the Russell Midcap Growth Index over a full market cycle (typically 3-5 years).

Philosophy

  • Fundamental and research driven approach to investing in small-to-mid sized growth companies that have market caps greater than $1 billion.
  • Team oriented investment decision-making process encompassing in-house research
  • Identify catalysts for secular and fundamental change
  • Companies that exhibit: sustainable business models, superior managements and substantial increases in discretionary free cash flow
  • Attractive valuations based on discounted cash flow analysis

Portfolio Structure

  • Concentrated portfolio of generally 30 to 40 securities
  • Minimum market cap of $1 billion; maximum market cap of $15 billion
  • Broadly diversified by industry and sector
  • Turnover range typically 30-40%
  • Fully invested

Monthly Returns available upon request:

info@timllc.com

Current quarter returns subject to performance examination. Performance represents the dollar weighted results of all accounts with substantially similar investment objectives, policies, strategies and risks present for the entire quarter managed by Transamerica Investment Management, LLC. Non-performance material such as, but not limited to, portfolio level fundamentals are deemed supplemental and complements the performance disclosure below which is an integral part of this presentation. 

Mid Growth Composite contains fully discretionary mid growth equity accounts. For comparison purposes, the composite is measured against the Russell Mid Cap Growth Index. Prior to April 1, 2005, the composite was measured against the Russell 2500 Growth Index. The benchmark was changed because the Russell Mid Cap Growth Index more accurately reflects the manner in which the strategy is managed. Prior to July 1, 2005, this composite was called Small/Mid Growth Composite. The new name provides a better measure of the slightly larger market cap stocks that constitute the portfolio. Beginning January 1, 2002, the minimum account size for this composite is $10 million. Prior to January 1, 2002, no minimum account size was required.

Transamerica Investment Management, LLC has prepared and presented this report in compliance with the Global Investment Performance Standards (GIPS®).

Transamerica Investment Management, LLC is an SEC-registered investment adviser, which commenced operations as of January 1, 2000.  Transamerica Investment Management, LLC is controlled by Transamerica Investment Services, Inc., which became part of the AEGON Group of companies in July 1999.

Results are based on fully discretionary accounts under management, including those accounts no longer with the firm.  The U.S. Dollar is the currency used to express performance.  Returns are presented gross and net of management fees and include the reinvestment of all income.  Net of fee performance was calculated using the highest management fee of 0.85% applied monthly.  The annual composite dispersion measure presented is an asset-weighted standard deviation calculated for the accounts in the composite the entire year.  Additional information regarding policies for calculating and reporting returns is available upon request.  Past performance is not indicative of future results and individual account performance may vary.

The investment management fee schedule for the Mid Growth Composite is as follows:

First $25 million 0.85%
Next $25 million 0.80%
Next $50 million 0.75%
Remaining assets 0.70%
*Fees may be negotiated, depending on various factors, which may include the services required by the client and the size of the account.

 

The Mid Growth Composite was created July 1, 2001.  Performance prior to January 1, 2000 was generated under Transamerica Investment Services, Inc.

The Mid Growth Composite was created July 1, 2001. Performance prior to January 1, 2000 was generated under Transamerica Investment Services, Inc. Transamerica Investment Management, LLC’s compliance with the GIPS standards has been verified for the period January 1, 2000 through December 31, 2007 by Ashland Partners & Company LLP. In addition, a performance examination was conducted on the Mid Growth Composite beginning January 1, 2000. Performance prior to January 1, 2000 was also examined by Ashland Partners & Company LLP. A copy of the verification report is available upon request. The firm maintains a complete list and description of composites, which is available upon request.