MutualFundWire.com: Transamerica Cuts Fees on its Bond Fund

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Thursday, April 30, 2009

Transamerica Cuts Fees on its Bond Fund

Transamerica Funds is lowering the expense ratio on its Short-Term Bond Fund effective tomorrow, said John Carter, president and CEO of Transamerica Funds, in an interview with The MFWire.

John Carter
Transamerica Funds
President and CEO

Transamerica is reducing fees in the fund's Class A shares by 20 basis points and Class C shares by 10 bps. The fee cut brings the Class A expense ratio to 91 bps and Class C to 166 bps.

The fund had $618.6 million of assets as of end-March.
"Lately there's been an increase in interest in the fund," Carter said. "We're making these changes to make it even more competitive."

Printed from: MFWire.com/story.asp?s=21445

Copyright 2009, InvestmentWires, Inc.
All Rights Reserved