We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (15,702)
  • Industry Conferences (3)
  • Industry Job Openings (9)
  • Negative Media (135)
  • Positive Media (73)
  • Sheryl's Articles (582)
  • Sheryl's Blogs (165)
  • Wink's Articles (221)
  • Wink's Blogs (205)
  • Wink's Press Releases (92)
  • Blog Archives

  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • Transamerica Announces Fee Reductions on 26 Fund Share Classes

    September 2, 2020 by Transamerica

    DENVERAug. 31, 2020 /PRNewswire/ — Transamerica today announced management fee reductions on 26 share classes for mutual funds and variable annuity funds. Contingent upon share class, these reductions total 259 basis points annually and range from as much as 20 to two basis points per share class. The cumulative impact for 26 share classes is on approximately $4.98 billion in combined assets as of June 30, 2020. Charts listing the reductions by share class and date are shown below.

    These fee reductions are part of Transamerica’s ongoing commitment to seek maximum value for investors. This action is the second set of management fee reductions this year for Transamerica mutual funds and variable annuity funds. While the company’s commitment to reassess fees is ongoing, this action is timely. It allows investors to help build additional financial solutions during some of the market’s most turbulent times. This fee reduction is another example of how Transamerica continues to look for ways to enhance value to investors.

    “We’re pleased to offer these lower fee structures as they allow investors to enhance their long-term investment goals,” said Tom Wald, Chief Investment Officer for Transamerica Asset Management, Inc. “By putting more of their money to work, these fee reductions can help fund shareholders better plan for the future.”

    Transamerica Asset Management, Inc., which oversees the sub-advisers on all of Transamerica’s funds, believes no single investment firm is the best at managing every asset class. It takes a diversified approach that applies the portfolio management experience of numerous and varied asset managers throughout the industry to give investors a full range of strategies. As of June 30, 2020, Transamerica Asset Management, Inc. maintained $77 billion in net assets under management.

    “Combining industry-leading portfolio management with lower fund fees is a core value proposition we look to provide,” Mr. Wald noted.

    The mutual funds and share classes experiencing the fee reduction include:

    Mutual Fund Name

    Ticker

    Share

    Class

    Reduction in

    Total Annual

    Fund Operating

    Expenses

    (Basis Points)

    Effective

    Date

    Transamerica Asset Allocation – Growth

    Portfolio

    TAGIX

    I

    20

    8/31/2020

    Transamerica Asset Allocation – Growth

    Portfolio

    IAAAX

    A

    10

    8/31/2020

    Transamerica Asset Allocation – Growth

    Portfolio

    IAALX

    C

    10

    8/31/2020

    Transamerica Asset Allocation – Growth

    Portfolio

    IGWRX

    R

    10

    8/31/2020

    Transamerica Asset Allocation – Moderate

    Growth Portfolio

    TMGIX

    I

    20

    8/31/2020

    Transamerica Asset Allocation – Moderate

    Growth Portfolio

    IMLAX

    A

    10

    8/31/2020

    Transamerica Asset Allocation – Moderate

    Growth Portfolio

    IMLLX

    C

    10

    8/31/2020

    Transamerica Asset Allocation – Moderate

    Growth Portfolio

    IMGRX

    R

    10

    8/31/2020

    Transamerica Asset Allocation – Moderate

    Portfolio

    TMMIX

    I

    18

    8/31/2020

    Transamerica Asset Allocation – Moderate

    Portfolio

    IMOAX

    A

    8

    8/31/2020

    Transamerica Asset Allocation – Moderate

    Portfolio

    IMOLX

    C

    8

    8/31/2020

    Transamerica Asset Allocation – Moderate

    Portfolio

    IMDRX

    R

    8

    8/31/2020

    Transamerica Asset Allocation

    – Conservative Portfolio

    TACIX

    I

    17

    8/31/2020

    Transamerica Asset Allocation

    – Conservative Portfolio

    ICLAX

    A

    7

    8/31/2020

    Transamerica Asset Allocation

    – Conservative Portfolio

    ICLLX

    C

    7

    8/31/2020

    Transamerica Asset Allocation

    – Conservative Portfolio

    ICVRX

    R

    7

    8/31/2020

    Transamerica Inflation Opportunities

    ITIOX

    I

    10

    8/28/2020

    Transamerica Inflation Opportunities

    None

    I2

    9

    8/28/2020

    Transamerica Inflation Opportunities

    RTIOX

    R6

    9

    8/28/2020

    Transamerica Inflation Opportunities

    TIOCX

    C

    4

    8/28/2020

    Transamerica Inflation Opportunities

    TIOAX

    A

    2

    8/28/2020

    Transamerica International Growth

    TGRGX

    I

    15

    8/28/2020

    Transamerica Government Money Market*

    TAMXX

    I

    10

    8/28/2020

    The variable annuity funds experiencing fee reductions include:

    Variable Annuity Fund Name

    Share

    Class

    Reduction in

    Total Annual

    Fund Operating

    Expenses (Basis

    Points)

    Effective

    Date

    Transamerica PineBridge Inflation Opportunities VP

    Initial

    9

    8/28/2020

    Transamerica PineBridge Inflation Opportunities VP

    Service

    9

    8/28/2020

    Transamerica Goldman Sachs 70/30 VP

    Service

    2

    8/28/2020

    About Transamerica

    With a history that dates back more than 100 years, Transamerica is recognized as a leading provider of life insurance, retirement and investment solutions, serving millions of customers throughout the United States. Recognizing the necessity of health and wellness during peak working life, Transamerica’s dedicated professionals work to help people take the steps necessary to live better today so they can worry less about tomorrow. Transamerica serves nearly every customer segment, providing a broad range of quality life insurance and investment products, individual and group pension plans, as well as asset management services. In 2019, Transamerica fulfilled its promises to customers, paying more than $50 billion in insurance, retirement, and annuity claims and benefits, including return of annuity premiums paid by the customer. Transamerica is headquartered in Baltimore, Maryland, with other major operations in Cedar Rapids, Iowa and Denver, Colorado. Transamerica is part of the Aegon group of companies. Based in the Netherlands, Aegon is one of the world’s largest providers of life insurance, pension solutions and asset management products, operating in more than 20 markets worldwide. For the full year of 2019, Aegon managed over $1 trillion in revenue generating investments. For more information, please visit www.transamerica.com.

    About Transamerica Asset Management, Inc. 

    Transamerica Asset Management, Inc. is an SEC-registered investment adviser. The funds advised and sponsored by Transamerica Asset Management, Inc. include Transamerica Funds, Transamerica Series Trust and DeltaShares® exchange-traded funds. Transamerica Asset Management, Inc. has total assets under management of more than $77 billion as of June 30, 2020, and is an indirect wholly owned subsidiary of Aegon N.V., an international life insurance, pension, and asset management company.

    Mutual Funds and Variable Annuities are subject to market risk, including the loss of principal. Past performance is not indicative of future results.

    Mutual Funds and Variable Annuities are sold by prospectus. Before investing, consider the funds’ investment objectives, risks, charges, and expenses. This and other important information is contained in the prospectus. Please go to www.transamerica.com or contact your financial professional to obtain a prospectus or, if available, a summary prospectus containing this information. Please read it carefully before investing. 

    *Investors could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

    Transamerica Funds and Transamerica Series Trust are advised by Transamerica Asset Management, Inc. (TAM). Transamerica mutual funds and variable annuities are distributed by Transamerica Capital, Inc. (TCI), member of FINRA.1801 California Street, Suite 5200, Denver, Colorado 80202.

    Annuities issued in all states except New York by Transamerica Life Insurance Company, Cedar Rapids, Iowa and in New York by Transamerica Financial Life Insurance Company, Harrison, New York.  References to Transamerica may pertain to one or all of these companies.



    Media inquiries:



    Media.Relations@transamerica.com



    Hank Williams

    (319) 355-7789



    Julie Quinlan

    (303) 383-5923

    SOURCE Transamerica

    Related Links

    http://www.transamerica.com

    Originally Posted at CISION PR Newswire on August 31, 2020 by Transamerica.

    Categories: Industry Articles
    currency