AEGON USA Investment Management, LLC

CEDAR RAPIDS, IA · CIK 1454937 · 13F filing filed 2026-07-17

SEC-registered investment adviser since 2001 · limited liability company

Assets managed$88.8bn
Staff217 · 76 in investment roles
Main clients (by assets)Insurers 70%, Mutual funds and ETFs 16%, Private funds 12%
Private funds19 · $7.7bn gross assets
Websiteaegonam.com
Form ADV · 2026-03-27SEC adviser record

Legal entityAEGON USA INVESTMENT MANAGEMENT, LLC (US)

Kindprivate equity, real estate, structured credit, mutual funds, institutions, futures, FCA fund manager
Others nearbyEdinburgh, Cedar Rapids, IA, Denver, CO, London, Chicago, IL, Baltimore, MD
FamilyAegon Ltd. · 6 related pages

As an employer

Offices in1 country
Private fundssecuritized asset 15, other private 1, private equity 3

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Cedar Rapids, IA (main office)United States	United States	about 49
Chicago, ILUnited States	United States	20
Baltimore, MDUnited States	United States	7

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$139.7m reported value +9.3% vs Q1 2026

42positions

87.3%in top 10

4 new 2 added 6 reduced 3 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

TRANSAMERICA CORP – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	274,915	$101.7m72.82%	72.82%	Reduced -5.1k	-5,116 -1.8%
2	WW INTL INC COM NEW WW	WW	230,115	$3.7m2.63%	2.63%	Added +26.5k	+26,463 13.0%
3	WELLS FARGO CO NEW PERP PFD CNV A · principal WFC 7.5 PERP L · principal	WFC 7.5 PERP L	2,870	$3.3m2.39%	2.39%	Unchanged
4	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	39,665	$2.9m2.08%	2.08%	Reduced -602	-602 -1.5%
5	BANK AMERICA CORP 7.25%CNV PFD L BAC 7.25 PERP L	BAC 7.25 PERP L	2,248	$2.8m2.02%	2.02%	Unchanged
6	UBER TECHNOLOGIES INC NOTE 0.875%12/0 · principal UBER 0.875 12.01.28 2028 · principal	UBER 0.875 12.01.28 2028	1,403,000	$1.7m1.20%	1.20%	Unchanged
7	GLOBAL PMTS INC NOTE 1.500% 3/0 · principal GPN 1.5 03.01.31 · principal	GPN 1.5 03.01.31	1,800,000	$1.6m1.16%	1.16%	Unchanged
8	KKR & CO INC 6.25 CON SER D KKR 6.25 03.01.28 D	KKR 6.25 03.01.28 D	37,400	$1.5m1.05%	1.05%	Unchanged
9	APOLLO GLOBAL MGMT INC SER A MAND CNV APO 6.75 07.31.26	APO 6.75 07.31.26	22,713	$1.4m0.98%	0.98%	Unchanged
10	CENTERPOINT ENERGY INC NOTE 4.250% 8/1 · principal CNP 4.25 08.15.26 · principal	CNP 4.25 08.15.26	1,129,000	$1.4m0.97%	0.97%	Unchanged
11	EVERGY INC NOTE 4.500%12/1 · principal EVRG 4.5 12.15.27 · principal	EVRG 4.5 12.15.27	932,000	$1.3m0.95%	0.95%	Unchanged
12	PPL CAP FDG INC NOTE 2.875% 3/1 · principal PPL 2.875 03.15.28 · principal	PPL 2.875 03.15.28	1,122,000	$1.3m0.91%	0.91%	Unchanged
13	SSGA ACTIVE ETF TR BLACKSTONE SENR SRLN	SRLN	26,300	$1.1m0.76%	0.76%	Unchanged
14	CMS ENERGY CORP NOTE 3.375% 5/0 · principal CMS 3.375 05.01.28 · principal	CMS 3.375 05.01.28	905,000	$1.0m0.72%	0.72%	Unchanged
15	OFFICE PPTYS INCOME TR COM OF BENEFICIA OPI	OPI	57,113	$970.9k0.70%	0.70%	New
16	INVESCO EXCH TRADED FD TR II SR LN ETF BKLN	BKLN	45,500	$926.8k0.66%	0.66%	Added +14.0k	+14,000 44.4%
17	SOUTHERN CO NOTE 4.500% 6/1 · principal SO 4.5 06.15.27 · principal	SO 4.5 06.15.27	750,000	$826.1k0.59%	0.59%	Unchanged
18	ARES MANAGEMENT CORPORATION 6.75 SE B PFD ARES 6.75 10.01.27 B	ARES 6.75 10.01.27 B	22,700	$824.7k0.59%	0.59%	Unchanged
19	NEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0 · principal NEE 3 03.01.27 · principal	NEE 3 03.01.27	621,000	$815.7k0.58%	0.58%	Unchanged
20	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	13,500	$785.7k0.56%	0.56%	Unchanged
21	SOUTHERN CO UNIT 12/15/2028 SO 7.125 12.15.28 A	SO 7.125 12.15.28 A	14,530	$727.5k0.52%	0.52%	Unchanged
22	SOUTHERN CO NOTE 3.250% 6/1 · principal SO 3.25 06.15.28 · principal	SO 3.25 06.15.28	700,000	$707.4k0.51%	0.51%	New
23	WEC ENERGY GROUP INC NOTE 4.375% 6/0 · principal WEC 4.375 06.01.29 · principal	WEC 4.375 06.01.29	500,000	$619.5k0.44%	0.44%	Unchanged
24	WEC ENERGY GROUP INC NOTE 4.375% 6/0 · principal WEC 4.375 06.01.27 · principal	WEC 4.375 06.01.27	500,000	$604.8k0.43%	0.43%	Unchanged
25	MERITAGE HOMES CORP NOTE 1.750% 5/1 · principal MTH 1.75 05.15.28 · principal	MTH 1.75 05.15.28	475,000	$489.5k0.35%	0.35%	Unchanged
26	ISHARES TR IBOXX HI YD ETF HYG	HYG	5,575	$445.8k0.32%	0.32%	Unchanged
27	NEXTERA ENERGY INC UNIT 06/01/2027 NEE 7.299 06.01.27	NEE 7.299 06.01.27	8,000	$430.1k0.31%	0.31%	Unchanged
28	PINNACLE WEST CAP CORP NOTE 4.750% 6/1 · principal PNW 4.75 06.15.27 · principal	PNW 4.75 06.15.27	350,000	$417.1k0.30%	0.30%	Unchanged
29	ENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1 · principal NVST 1.75 08.15.28 · principal	NVST 1.75 08.15.28	390,000	$390.2k0.28%	0.28%	Unchanged
30	INVESCO EXCHANGE TRADED FD T S&P500 QUALITY SPHQ	SPHQ	4,270	$384.7k0.28%	0.28%	Reduced -650	-650 -13.2%
31	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	4,442	$382.6k0.27%	0.27%	Reduced -1.3k	-1,300 -22.6%
32	HIGHLAND OPPORTUNITIES HIGHLAND INCOME HFRO	HFRO	47,619	$339.5k0.24%	0.24%	Reduced -31.8k	-31,812 -40.0%
33	BLACKROCK CORPOR HI YLD FD I COM HYT	HYT	35,000	$299.6k0.21%	0.21%	Unchanged
34	BLOCK INC NOTE 0.250%11/0 · principal XYZ 0.25 11.01.27 · principal	XYZ 0.25 11.01.27	300,000	$284.2k0.20%	0.20%	New
35	EATON VANCE SR FLTNG RTE TR COM XEFRX	XEFRX	24,120	$255.7k0.18%	0.18%	Unchanged
36	WESTERN ASSET HIGH INCOM FD COM HIX	HIX	60,614	$240.0k0.17%	0.17%	Unchanged
37	CLEAR CHANNEL OUTDOOR HLDGS COM CCO	CCO	88,592	$214.4k0.15%	0.15%	Unchanged
38	CAPITAL SOUTHWEST CORP NOTE 5.125%11/1 · principal CSWC 5.125 11.15.29 · principal	CSWC 5.125 11.15.29	185,000	$192.4k0.14%	0.14%	Unchanged
39	EATON VANCE FLTING RATE INC COM EFT	EFT	17,768	$191.9k0.14%	0.14%	Unchanged
40	IHEARTMEDIA INC COM CL A IHRT	IHRT	25,000	$107.2k0.08%	0.08%	Reduced -21.8k	-21,764 -46.5%
41	INVESCO SR INCOME TR COM VVR	VVR	35,749	$107.2k0.08%	0.08%	New
42	GRAFTECH INTL LTD SR NT COM NEW EAF	EAF	15,000	$88.7k0.06%	0.06%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
DUKE ENERGY CORP NEW DUK 4.125 04.15.26	DUK 4.125 04.15.26	1,434,000	$1.6m1.4m shares
VENTAS RLTY LTD PARTNERSHIP VTR 3.75 06.01.26	VTR 3.75 06.01.26	761,000	$1.1m761.0k shares
AMERICAN WTR CAP CORP AWK 3.625 06.15.26	AWK 3.625 06.15.26	500,000	$498.9k500.0k shares