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.