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Transamerica Announces Fee Reductions on High Yield Bond Funds

As part of its ongoing commitment to seek maximum value for investors, Transamerica announces today feereductions on Transamerica High Yield Bond fund and Transamerica Aegon High Yield Bond VP, effective January6, 2020.

Transamerica Announces Fee Reductions on High Yield Bond Funds

As part of its ongoing commitment to seek maximum value for investors, Transamerica announces today fee reductions on Transamerica High Yield Bond fund and Transamerica Aegon High Yield Bond VP, effective January6, 2020. Contingent upon share class, these reductions total up to 12 basis points annually and impact approximately $1.8 billion in combined assets for these two funds as of December 31, 2019.“These latest fee reductions can help our mutual fund, variable annuity, and retirement investors put more of their money to work as they plan for the future,” said Tom Wald, Chief Investment Officer for Transamerica Asset Management, Inc. “We’re pleased that these new fee structures can help investors best achieve their goals.”Transamerica Asset Management, Inc. advises 69 mutual funds, 58 variable annuity (insurance) funds, and five exchange-traded funds. Applying its proven manager selection process, Transamerica takes a best-in-class approach on its diversified line-up of funds by offering the experience of varied and talented sub-advisers throughout the industry. As of December 31, 2019, Transamerica Asset Management maintained $80 billion in net assets under management.“Combining industry-leading portfolio management with lower fund fees is a core value proposition that we aim to bring to our fund shareholders,” Wald noted.The funds and share classes experiencing the fee reduction include: Transamerica High Yield Bond – Class A (IHIYX)Transamerica High Yield Bond – Class C (INCLX)Transamerica High Yield Bond – Class I (TDHIX)Transamerica High Yield Bond – Class R (TAHRX)Transamerica High Yield Bond – Class R4 (TAHFX)Transamerica High Yield Bond – Class R6 (TAHBX)Transamerica High Yield Bond – Class I3 (TAHTX)Transamerica Aegon High Yield Bond VP – Initial ClassTransamerica Aegon High Yield Bond VP – Service Class

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Transamerica Announces Fee Reductions on High Yield Bond Funds
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