Transamerica to Lower Price for Flexible Income Fund
January 27, 2010 (PLANSPONSOR.com) - Transamerica Asset Management Group
announced it is lowering the expense ratio of its Transamerica Flexible Income fund.
The new pricing structure includes a reduction of the
fund’s management fee by a maximum of .25% and a .10%-waiver on the fund’s
Class A 12b-1 fee. The changes will go into effect on February 1, 2010,
according to the announcement.
Transamerica said Flexible Income (IDITX, IFLBX, IFLLX,
TFXIX), an open end mutual fund, generally invests at least 80% of its assets
in a broad range of fixed income securities and up to 20% in equities. The
fund’s primary objective is to provide a high total return through a
combination of current income and capital appreciation.
"We continue to evaluate our offerings in an ongoing
effort to provide financial professionals and their clients with investment
solutions at competitively priced levels," said John Carter, President and
CEO of Transamerica Asset Management, Inc., in the announcement.
More information is
at http://www.transamericafunds.com.
Rebecca Moore
editors@plansponsor.com