|By Marketwired .||
|March 4, 2014 11:22 AM EST||
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.
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
Email: [email protected]