Transamerica expands mutual fund lineup for retire

Daily Record Staff//June 3, 2021//

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Transamerica announced Thursday the launch of new R6 retirement share classes for five existing Transamerica mutual funds.

The new R6 shares are available to retirement investors in employer-sponsored retirement plans, Individual Retirement Accounts (IRAs) and Health Savings Accounts (HSAs). The five new Transamerica R6 share classes launched on May 28.

The new share classes are:

Transamerica Large Growth fund(R6 Ticker: TAGDX)
Transamerica US Growth fund(R6 Ticker: TAGHX)
Transamerica Mid Cap Growth fund(R6 Ticker: TAGFX)
Transamerica Emerging Markets Opportunities fund(R6 Ticker: TEOOX)
Transamerica Intermediate Bond fund(R6 Ticker: TAGMX)

Nearly half of U.S. households are at risk of not being able to maintain their current standard of living in retirement, according to the Center for Retirement Research at Boston College. Saving for retirement is an important goal for many Americans, and investment options such as Transamerica’s new R6 shares can help investors put more of their money to work for them.

In consideration of the retirement market’s unique structure, the newly added R6 shares offer lower annual expenses for retirement investors both up front and over time than other share classes available in these funds. In addition to being compatible with IRAs and HSAs, the new R6 share classes can be used as investment options in employer-sponsored retirement plans administered by Transamerica Retirement Solutions, LLC, or other recordkeepers.

With the launch of these share classes, financial advisors and plan sponsors can help retirement plan participants prepare to retire with confidence.

As the adviser to the funds, Transamerica Asset Management Inc. takes a diversified approach to investment management. Transamerica Asset Management, Inc. applies the portfolio management experience of numerous and varied asset managers throughout the industry to sub-advise funds. This approach gives investors a full range of investment strategies to provide competitive investment returns.

With the addition of five new R6 share classes, Transamerica Asset Management, Inc. increases its wide array of mutual funds, variable product portfolios and exchange-traded funds totaling assets under management of more than $89 billion as of April 30.