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Transamerica Reduces Fees on Floating Rate Fund
Transamerica is pleased to announce fee reductions on the four share classes of the Transamerica Floating Rate mutual fund. Contingent upon share class, these reductions range from 0.12% to 0.22% annually. These expense reductions will become effective on or about March 1, 2023. A chart listing the reductions by share class and date is shown below.
These expense reductions are part of Transamerica’s ongoing commitment to best serve mutual fund investors. Transamerica routinely reviews fund fees charged and is consistently looking for ways to maximize value.
Transamerica Asset Management, Inc. selects and monitors the sub-advisers managing Transamerica’s mutual funds. The Transamerica Floating Rate fund is sub-advised by Aegon USA Investment Management, LLC, an affiliate of Transamerica Asset Management. As of December 31, 2022, Transamerica Asset Management, Inc. maintained $62.86 billion in net assets under management.
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