Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
Transamerica Bond Active ETF
$23.950.00 (+0.01%)
- 0.57%
- $150M
- 0M sh
- $23.88
- low $23.75high $25.57
The ETF.net TABD Grade
C
Score 48 out of 100
- 88 of 117
Score 48 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F14 out of 100Rank 97 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A98 out of 100Rank 61 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C54 out of 100Rank 31 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F16 out of 100Rank 107 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 25 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D32 out of 100Rank 96 of 117
Our read on TABD
CTransamerica's first move into ETFs: an actively run core bond portfolio steered by Aegon's fixed income desk, aiming for total return from income plus price gains, at 0.39% a year.
The Fund seeks total return from current income and capital appreciation.
Why people hold it
- Active bond management for 0.39% a year, only a few basis points above the median fee in a cohort dominated by cheap index trackers.
- Run by Aegon Asset Management, Transamerica's affiliated bond shop, and launched December 2025 as one of the firm's first two active ETFs.prnewswire.comtransamerica.com
- Clear mandate: total return from current income and capital appreciation, principally through bonds and bond-like derivatives. No index to track.
Worth knowing
- Index heavyweights BND, SPAB and SCHZ charge 0.03%. Here you pay roughly ten times that for a manager's discretion.
- Launched in December 2025, so there is no long record to judge. Results ride on the subadviser's calls, not an index.
- Small and lightly traded next to the category's giants, so bid-ask spreads can run wider than on the mega funds.
TABD Holdings
- Bonds
- 406
- 15%
- Fannie Mae Pool 5.5 25NOV53 Tba
Geography
- United States81.75%
- Mexico3.12%
- Canada1.49%
- Netherlands1.38%
- United Kingdom1.27%
- Colombia1.14%
- Ireland1.12%
- Luxembourg0.99%
- 7.73%
TABD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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TABD$9,821
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TABD |
|---|---|
| Year to date | −1.8% |
| 1 month | −1.1% |
| 3 months | −2.4% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TABD |
|---|---|---|
| 2026 YTD | −1.8% | |
| 2025 | +0.3% |
TABD in the news
TABD Dividends
- $0.10 per share
- Monthly
Distribution data unavailable.
Distribution history
TABD Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.09
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TABD Cost
0.57%
TABD0.57%
- The middle half of US Aggregate Bond funds
- Median 0.34%
100 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- CZHOGF/m Opportunistic Income ETFExpense ratio 0.40%1 year return —
- CMAGGMadison Aggregate Bond ETFExpense ratio 0.36%1 year return −2.1%
- CJIIIJanus Henderson Income ETFExpense ratio 0.56%1 year return +1.9%
- CAGGAEA Astoria Dynamic Core US Fixed Income ETFExpense ratio 0.55%1 year return +0.5%
- CHTABHartford Schroders Tax-Aware Bond ETFExpense ratio 0.39%1 year return −3.0%