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Rating:Transamerica Extends Purchase Threshold Reduction
for its Short-Term Bond Fund

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Monday, January 4, 2010

Transamerica Extends Purchase Threshold Reduction for its Short-Term Bond Fund

Reported by Patricia Kelly

Transamerica has decided to "extend indefinitely" the lifespan of an initiative it first put in place in October.

On October 14, Transamerica lowered the Class A NAV purchase threshold for the Short-Term Bond Fund from $1 million to $250,000. The reduction was to have expired on December 31, 2009.

Also last year, the short-term bond fund's fees were cut by 0.10 percent for Class A and Class C shares and the fund's marketing and distribution expenses were reduced by 0.10 percent for Class A shares.

"The extension of this purchase privilege, combined with fee reductions to Transamerica Short-Term Bond that were implemented earlier in 2009, demonstrates TAMG’s continued efforts to provide financial professionals and their clients with competitive investment options," company officials said in a news release. 

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