Transamerica High Yield Muni Class C is a mutual fund specializing in high-yield municipal bonds. Its primary objective is to maximize total return by investing in a diversified portfolio of medium- and lower-grade municipal securities, which are exempt from federal income tax. The fund typically holds bonds that are rated below investment grade—meaning BB or lower—or that are unrated, reflecting a focus on generating higher income in exchange for taking on greater credit risk. This asset serves investors seeking elevated tax-exempt yield compared to more conservative municipal bond offerings, often appealing to those in higher tax brackets aiming to optimize after-tax income. Transamerica High Yield Muni Class C plays a significant role in the municipal bond market by providing capital to a broad range of municipalities and public projects, especially those that may not qualify for investment-grade ratings. Its performance is assessed against benchmarks such as the Bloomberg Municipal Total Return Index, and it is managed by a team with expertise in municipal credit analysis and sector allocation. The fund’s risk-return profile, fee structure, and historical returns distinguish it within the high-yield muni fund category.
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