Transamerica Funds is lowering the expense ratio on its Short-Term Bond Fund effective tomorrow, said John Carter, president and CEO of Transamerica Funds, in an interview with The MFWire.

John Carter Transamerica Funds 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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