Transamerica Series Trust has announced a significant update regarding its portfolio management. The firm has appointed Aegon USA Investment Management, LLC (AUIM) as an additional sub-adviser for its Transamerica JPMorgan Tactical Allocation VP portfolio. This change is set to take effect on or about November 1, 2026, and reflects a strategic shift to enhance the portfolio's management.

The appointment of AUIM, an affiliate of the portfolio's investment manager, Transamerica Asset Management, Inc. (TAM), comes after a special meeting held on October 7, 2026, where investors approved the decision. Under this new arrangement, AUIM will manage the fixed-income sleeve of the portfolio, while J.P. Morgan Investment Management Inc. will continue to oversee its equity sleeve. This dual approach aims to optimize the portfolio's performance by leveraging the strengths of both management teams.

Background

Transamerica Series Trust is an investment entity based in Denver, Colorado, incorporated in Delaware. The firm primarily focuses on managing investment portfolios and mutual funds. The recent filing, dated October 30, 2026, is part of a series of updates regarding the firm's investment strategies and management structure. Transamerica Series Trust has undergone several name changes in its history, with its most recent being in 2005 when it transitioned from AEGON/Transamerica Series Trust.

What the Filing Says

The filing states, "At a special meeting held on October 7, 2026, the portfolio's investors approved the appointment of Aegon USA Investment Management, LLC (AUIM) as an additional sub-adviser to the portfolio." It further notes that effective November 1, 2026, the portfolio's name will change to Transamerica Multi-Managed Conservative VP, and its investment objective will focus on achieving total return through a combination of income and capital appreciation.

Impact

This change may significantly affect investors in the Transamerica JPMorgan Tactical Allocation VP portfolio, as the new management structure aims to enhance the portfolio's performance through specialized management of its fixed-income and equity components. The move also highlights a trend in the investment management industry towards utilizing multiple sub-advisers to diversify risk and improve returns.

What's Next

The filing does not say what happens next, but investors will be closely monitoring the performance of the portfolio under the new management structure as it transitions to the updated investment strategy.