is lowering the expense ratio on its Short-Term
effective tomorrow, said John Carter
, president and CEO of Transamerica Funds,
in an interview with The MFWire
| John Carter|
President and CEO
Transamerica is reducing fees in the fund's Class A shares by 20 basis points
and Class C shares by 10 bps. The fee cut brings the Class A expense
ratio to 91 bps and Class C to 166 bps.
The fund had $618.6 million of assets as of end-March.
"Lately there's been an increase in interest in the fund," Carter said. "We're making these changes to make it even more competitive."
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