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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