Welcome!

News Feed Item

Transamerica Reduces Fees and Updates Mutual Funds Lineup

DENVER, CO--(Marketwired - March 04, 2014) - Transamerica announced changes to its mutual fund lineup today as it continues to provide diverse fixed income and equity solutions. The firm has decided to liquidate a fund, add five new strategies and reduce 12b-1 fees on Class A shares from 0.30% to 0.25%.

Dave Paulsen, Chief Executive Officer of Transamerica Capital, Inc., states, "Because Investors and Financial Advisors continue to tell us they're looking for financial security and stability, we made changes to our mutual fund lineup so our customers can feel confident with their investment options."

The new funds include:

  • Transamerica Strategic High Income (TASHX, TCSHX, TSHIX): The fund's primary objective is to capture a dividend yield greater than the S&P 500® with a secondary objective of outperforming the S&P 500® over 3-5 years with lower volatility. The fund's sub-adviser, Thompson, Siegel & Walmsley LLC (TS&W), believes this strategy offers investors the income potential they need with the risk diversification they want.

  • Transamerica Inflation Opportunities (TIOAX, TIOCX, ITIOX): The fund seeks inflation protection with a broader opportunity set than traditional Treasury Inflation-Protected Securities (TIPS) by investing in both government and credit sectors. The fund's sub-adviser, PineBridge Investments, LLC utilizes a seasoned investment strategy supported by the firm's deep investment resources.

  • Transamerica Global Bond (ATGBX, CTGBX, ITGBX): Designed to meet investor needs for an investment grade fixed income option that is uninhibited by region. Sub-advised by Logan Circle Partners, LP, the fund seeks total returns in a weak dollar and interest rate rallying environment.

  • Transamerica Concentrated Growth (TORAX, TCCGX, TOREX): The strategy employs a concentrated, low-turnover approach investing in predominately large cap companies. The fund is an adoption of Torray Resolute (TOREX) and sub-advised by Torray LLC. 
     
  • Transamerica Intermediate Bond (Class I2 only): The fund is tailored to address the need for a "core" portfolio fixed income strategy that targets the Barclays U.S. Aggregate Bond Index. The sub-adviser, Aegon USA Investment Management, LLC, is a fixed-income dedicated firm that has been managing money for more than a decade. 
     

The funds will be available to retail and institutional investors through Class A, C, and I shares, with the exception of Transamerica Intermediate Bond, which will only be available in Class I2 at launch. Transamerica Capital, Inc. will lead the sales and distribution efforts within the financial institution, wirehouse and independent financial planner channels.

As part of the ongoing due diligence process with its sub-advisers, the firm has also decided to liquidate Transamerica Large Cap Growth due to recent portfolio management changes.

Investors interested in learning more should call the Transamerica customer care group at 888-233-4339. Financial professionals interested in learning more should call the Transamerica sales desk at 800-851-7555.

Please consider the fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the fund and should be read carefully before you invest. For more information about Transamerica Funds or to obtain a prospectus and/or summary prospectus, please contact your financial professional. You can also call Transamerica Funds at 888-233-4339 or visit our website at www.transamericainvestments.com. Transamerica Funds are distributed by Transamerica Capital, Inc.

Mutual funds are subject to risk, including the loss of principal.

About Transamerica Asset Management

Transamerica Asset Management (TAM) is the asset management business unit of Transamerica. TAM consists of Transamerica Funds, Transamerica Partners Funds, Transamerica Series Trust, Transamerica Income Shares, Inc., and Transamerica Asset Management, Inc., a registered investment advisor. TAM managed more than $65.6 billion in assets as of 12/31/2013. TAM and its affiliate companies are wholly owned by Aegon N.V., an international life insurance, pension and asset management company. 

About Transamerica Capital, Inc.

Transamerica Capital, Inc. is the underwriting and wholesaling broker-dealer for mutual funds advised by Transamerica Asset Management, Inc. Transamerica Capital, Inc., an Aegon company, works with financial professionals at wirehouse, regional, independent, and bank firms to provide a variety of investment solutions.

About Aegon

As an international life insurance, pensions and asset management company based in The Hague, Aegon has businesses in over 25 markets in the Americas, Europe and Asia. Aegon companies employ over 26,500 people and have millions of customers across the globe. Further information: aegon.com

Contact information
Media Inquiries
Brenna Miller
Communications Manager
Transamerica
Phone: 720-488-7897
Email: [email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.