Aegon Usa Investment Management, Llc
- Regulatory AUM
- $88.8B
- Discretionary
- $88.4B
- Clients
- 80
- Avg AUM / client
- $1.1B
- Accounts
- 199
- Employees
- 217
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Asset allocation (SMA assets by investment type)
as of Mar 27, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Investments (13F portfolio — 42 positions, $139,692,195)
13F period Jun 30, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Vanguard Index Fds | TOTAL STK MKT | $101,729,547 | 274,915 | 72.8% | 0.11% |
| 2 | Ww Intl Inc | COM NEW | $3,677,238 | 230,115 | 2.63% | 0.0% |
| 3 | Wells Fargo & Co | PERP PFD CNV A | $3,333,333 | 2,870 | 2.39% | 0.0% |
| 4 | Vanguard Bd Index Fds | TOTAL BND MRKT | $2,911,808 | 39,665 | 2.08% | 0.0% |
| 5 | Bank Of Amer Corp | 7.25%CNV PFD L | $2,823,151 | 2,248 | 2.02% | 0.0% |
| 6 | Uber Technologies Inc | NOTE 0.875%12/0 | $1,677,988 | 1,403,000 | 1.2% | 0.0% |
| 7 | Global Pmts Inc | NOTE 1.500% 3/0 | $1,615,500 | 1,800,000 | 1.16% | 0.0% |
| 8 | Kkr & Co Inc | 6.25 CON SER D | $1,466,080 | 37,400 | 1.05% | 0.0% |
| 9 | Apollo Global Mgmt Inc | SER A MAND CNV | $1,363,234 | 22,713 | 0.98% | 0.0% |
| 10 | Centerpoint Energy Inc | NOTE 4.250% 8/1 | $1,355,929 | 1,129,000 | 0.97% | 0.0% |
| 11 | Evergy Inc | NOTE 4.500%12/1 | $1,325,677 | 932,000 | 0.95% | 0.0% |
| 12 | Ppl Cap Fdg Inc | NOTE 2.875% 3/1 | $1,273,470 | 1,122,000 | 0.91% | 0.0% |
| 13 | Ssga Active Etf Tr | ST STR BL LN ETF | $1,059,627 | 26,300 | 0.76% | 0.0% |
| 14 | Cms Energy Corp | NOTE 3.375% 5/0 | $1,009,528 | 905,000 | 0.72% | 0.0% |
| 15 | Office Pptys Income Tr | COM OF BENEFICIA | $970,921 | 57,113 | 0.7% | 0.0% |
| 16 | Invesco Exch Traded Fd Tr Ii | SR LN ETF | $926,835 | 45,500 | 0.66% | 0.0% |
| 17 | Southern Co | NOTE 4.500% 6/1 | $826,125 | 750,000 | 0.59% | 0.0% |
| 18 | Ares Management Corporation | 6.75 SE B PFD | $824,691 | 22,700 | 0.59% | 0.0% |
| 19 | Nextera Energy Cap Hldgs Inc | NOTE 3.000% 3/0 | $815,684 | 621,000 | 0.58% | 0.0% |
| 20 | Vanguard Scottsdale Fds | SHORT TERM TREAS | $785,700 | 13,500 | 0.56% | 0.0% |
| 21 | Southern Co | UNIT 12/15/2028 | $727,517 | 14,530 | 0.52% | 0.0% |
| 22 | Southern Co | NOTE 3.250% 6/1 | $707,399 | 700,000 | 0.51% | 0.0% |
| 23 | Wec Energy Group Inc | NOTE 4.375% 6/0 | $619,500 | 500,000 | 0.44% | 0.0% |
| 24 | Wec Energy Group Inc | NOTE 4.375% 6/0 | $604,750 | 500,000 | 0.43% | 0.0% |
| 25 | Meritage Homes Corp | NOTE 1.750% 5/1 | $489,488 | 475,000 | 0.35% | 0.0% |
Top 25 of 42 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 15 | $14.0B | 15.8% |
| Pooled investment vehicles (non-investment companies) | 36 | $10.4B | 11.7% |
| Pension and profit sharing plans | 7 | $1.4B | 1.55% |
| Charitable organizations | 5 | $129M | 0.15% |
| State or municipal government entities | Fewer than 5 clients | $490M | 0.55% |
| Other investment advisers | Fewer than 5 clients | $31.0M | 0.03% |
| Insurance companies | 12 | $61.9B | 69.7% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $41.3M | 0.05% |
| Corporations and other businesses | Fewer than 5 clients | $24.1M | 0.03% |
| Other | 5 | $398M | 0.45% |
Private funds (17)
View all →Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $7.4B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Pfl Corporate Account One | Other Private Fund | Iowa | $1.4B | 48 |
| Cedar Funding Iv Clo, Ltd | Securitized Asset Fund | Cayman Islands | $564M | 3 |
| Cedar Funding Viii Clo, Ltd | Securitized Asset Fund | Cayman Islands | $492M | 2 |
| Cedar Funding Vi Clo, Ltd | Securitized Asset Fund | Cayman Islands | $488M | 2 |
| Cedar Funding Ix Clo, Ltd | Securitized Asset Fund | Cayman Islands | $482M | 4 |
| Cedar Funding Vii Clo, Ltd | Securitized Asset Fund | Cayman Islands | $471M | 3 |
| Cedar Funding Xii Clo, Ltd | Securitized Asset Fund | Cayman Islands | $443M | 2 |
| Cedar Funding Xvii Clo, Ltd. | Securitized Asset Fund | Jersey | $412M | 1 |
| Cedar Funding Xv Clo, Ltd | Securitized Asset Fund | Cayman Islands | $399M | 2 |
| Cedar Funding X Clo, Ltd | Securitized Asset Fund | Cayman Islands | $395M | 2 |
| Cedar Funding V Clo, Llc | Securitized Asset Fund | Cayman Islands | $389M | 2 |
| Cedar Funding Xi Clo, Ltd | Securitized Asset Fund | Cayman Islands | $387M | 2 |
| Cedar Funding Xiv Clo, Ltd | Securitized Asset Fund | Cayman Islands | $376M | 1 |
| Cedar Funding Ii Clo, Ltd | Securitized Asset Fund | Cayman Islands | $340M | 5 |
| Ta Apop Ii, Llc | Private Equity Fund | Delaware | $238M | 27 |
People (5)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Thompson, Christopher, C | Chief Executive Officer And Elected Manager | Jun 2019 (7y) | Less than 5% | |
| Osterhaus, Lara, Ann | Elected Manager | Mar 2021 (5y) | Less than 5% | |
| Jones, Stephen, James Marshall | Aam Cio, Fixed Income, Equity And Multi Asset | Apr 2022 (4y) | Less than 5% | |
| Sayre, Alina | Chief Compliance Officer | Nov 2023 (3y) | Less than 5% | |
| Mark Aaron Johnson | Registered representative | Feb 2017 (9y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Aegon Usa Asset Management Holding, Llc | Member | Oct 2009 | A | 75% or more |
| Aegon International B.V. | Owner | Dec 2007 | B | ≈ 31.64% – 100% via Transamerica Corporation |
| Aegon Ltd. | Owner | Dec 2007 | B | ≈ 23.73% – 100% via Aegon International B.V. |
| Transamerica Corporation | Owner | Dec 2004 | B | ≈ 42.19% – 100% via Ausa Holding, Llc |
| Ausa Holding, Llc | Owner | Oct 2009 | B | ≈ 56.25% – 100% via Aegon Usa Asset Management Holding, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Aegon International B.V.: 75% – 100% of Transamerica Corporation × 75% – 100% of Ausa Holding, Llc × 75% – 100% of Aegon Usa Asset Management Holding, Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Aegon Ltd.: 75% – 100% of Aegon International B.V. × 75% – 100% of Transamerica Corporation × 75% – 100% of Ausa Holding, Llc × 75% – 100% of Aegon Usa Asset Management Holding, Llc × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Transamerica Corporation: 75% – 100% of Ausa Holding, Llc × 75% – 100% of Aegon Usa Asset Management Holding, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Ausa Holding, Llc: 75% – 100% of Aegon Usa Asset Management Holding, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (17, $7.4B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Pfl Corporate Account One | Other Private Fund | $1.4B | $1.0M | 48 |
| Cedar Funding Iv Clo, Ltd | Securitized Asset Fund | $564M | $1.0M | 3 |
| Cedar Funding Viii Clo, Ltd | Securitized Asset Fund | $492M | $1.0M | 2 |
| Cedar Funding Vi Clo, Ltd | Securitized Asset Fund | $488M | $1.0M | 2 |
| Cedar Funding Ix Clo, Ltd | Securitized Asset Fund | $482M | $1.0M | 4 |
| Cedar Funding Vii Clo, Ltd | Securitized Asset Fund | $471M | $1.0M | 3 |
| Cedar Funding Xii Clo, Ltd | Securitized Asset Fund | $443M | $1.0M | 2 |
| Cedar Funding Xvii Clo, Ltd. | Securitized Asset Fund | $412M | $1.0M | 1 |
| Cedar Funding Xv Clo, Ltd | Securitized Asset Fund | $399M | $1.0M | 2 |
| Cedar Funding X Clo, Ltd | Securitized Asset Fund | $395M | $1.0M | 2 |
| Cedar Funding V Clo, Llc | Securitized Asset Fund | $389M | $1.0M | 2 |
| Cedar Funding Xi Clo, Ltd | Securitized Asset Fund | $387M | $1.0M | 2 |
| Cedar Funding Xiv Clo, Ltd | Securitized Asset Fund | $376M | $1.0M | 1 |
| Cedar Funding Ii Clo, Ltd | Securitized Asset Fund | $340M | $1.0M | 5 |
| Ta Apop Ii, Llc | Private Equity Fund | $238M | $50.0K | 27 |
| Apop Iii, Llc | Private Equity Fund | $107M | $50.0K | 29 |
| Aegon Am Funds, Llc Aegon Sustainable Fixed Income Fund | Other Private Fund | $27.4M | $1.0M | 3 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 5.45 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE ORDER PERTAINS TO EVENTS DURING THE PERIOD BETWEEN JULY 2011 AND JUNE 2015 AND RELATES TO AMONG OTHER THINGS, ERRORS IN AEGON AM US' PAST OPERATION AND IMPLEMENTATION OF ASSET ALLOCATION MODELS AND VOLATILITY OVERLAYS UTILIZED BY AEGON AM US WHEN IT WAS A SUB-ADVISER TO CERTAIN TRANSAMERICA-SPONSORED MUTUAL FUNDS AND FUNDS HELD BY CERTAIN VARIABLE PRODUCTS; AND AS A MODEL-MANGER FOR CERTAIN STRATEGIES OFFERED IN SEPARATELY MANAGED ACCOUNT PROGRAMS. THE ORDER ALSO STATES THAT THE PARTIES FAILED TO MAKE APPROPRIATE DISCLOSURES REGARDING THESE AND OTHER MATTERS. IN ADDITION THE ORDER STATES THAT THE PARTIES FAILED TO HAVE ADEQUATE POLICIES AND PROCEDURES. PLEASE SEE THE "DISCIPLINARY INFORMATION" SECTION OF AEGON AM US' BROCHURE FOR ADDITIONAL DETAILS. Status: Final Sanction Detail: DATE PAID: AUGUST 29, 2018 DISGORGEMENT: $24,599,896 PREJUDGMENT INTEREST: $3,682,195 PENALTY: $21,000,000 Summary: THE ORDER PERTAINS TO EVENTS DURING THE PERIOD BETWEEN JULY 2011 AND JUNE 2015 AND RELATES TO AMONG OTHER THINGS, ERRORS IN AEGON AM US' PAST OPERATION AND IMPLEMENTATION OF ASSET ALLOCATION MODELS AND VOLATILITY OVERLAYS UTILIZED BY AEGON AM US WHEN IT WAS A SUB-ADVISER TO CERTAIN TRANSAMERICA-SPONSORED MUTUAL FUNDS AND FUNDS HELD BY CERTAIN VARIABLE PRODUCTS; AND AS A MODEL-MANGER FOR CERTAIN STRATEGIES OFFERED IN SEPARATELY MANAGED ACCOUNT PROGRAMS. THE ORDER ALSO STATES THAT THE PARTIES FAILED TO MAKE APPROPRIATE DISCLOSURES REGARDING THESE AND OTHER MATTERS. IN ADDITION THE ORDER STATES THAT THE PARTIES FAILED TO HAVE ADEQUATE POLICIES AND PROCEDURES. PLEASE SEE THE "DISCIPLINARY INFORMATION" SECTION OF AEGON AM US' BROCHURE FOR ADDITIONAL DETAILS.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- Citibank $38.9B (44% of AUM) Mar 2026
- J.P. Morgan $21.3B (24% of AUM) Mar 2026
- BNY Mellon $10.2B (11% of AUM) Feb 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗