Transamerica Funds

09/13/2024 | Press release | Distributed by Public on 09/13/2024 11:29

Prospectus by Investment Company - Form 497

497

TRANSAMERICA FUNDS

Supplement to the Currently Effective Prospectus and Statement of Additional Information

Transamerica UltraShort Bond

* * *

The following information replaces the corresponding information in the Prospectus for Transamerica UltraShort Bond under the section entitled "Management":

 Management:
 Investment Manager: Transamerica Asset Management, Inc.
 Sub-Adviser: Aegon USA Investment Management, LLC
 Portfolio Managers:
 Brian Barnhart, CFA Portfolio Manager since March 2023
 Ryan Baue, CFA Portfolio Manager since September 2024
 Tyler Knight, CFA Portfolio Manager since March 2023

The following information replaces the corresponding information in the Prospectus for Transamerica UltraShort Bond under the section entitled "Shareholder Information - Portfolio Manager(s)":

Name Sub-Adviser Positions Over Past Five Years
Brian Barnhart, CFA Aegon USA Investment Management, LLC

Portfolio Manager of the fund since 2023; Portfolio Manager with Aegon USA Investment Management, LLC since 2008; Head of Short-Term Fixed Income since 2018

Ryan Baue, CFA Aegon USA Investment Management, LLC

Portfolio Manager of the fund since 2024; Employed with Aegon USA Investment Management, LLC since 2019; Portfolio Manager in the U.S Public Structured Finance Team focusing on asset-backed securities and collateralized loan obligations

Tyler Knight, CFA Aegon USA Investment Management, LLC

Portfolio Manager of the fund since 2023; Portfolio Manager with Aegon USA Investment Management, LLC since 2008; Head of U.S. Public Structured Finance since 2018

* * *

The following information replaces the corresponding information in the Statement of Additional Information under the section in Appendix B entitled "Portfolio Managers - Aegon USA Investment Management, LLC ("AUIM"):

Transamerica UltraShort Bond

Registered Investment
Companies

Other Pooled Investment

Vehicles

Other Accounts

Portfolio Manager

Number

Assets
Managed

Number

Assets
Managed

Number

Assets
Managed

Brian Barnhart, CFA

0 $0 4 $2.21 billion 10 $733 million

Ryan Baue, CFA*

0 $0 0 $0 0 $0

Tyler Knight, CFA

9 $10.83 billion 5 $657 million 15 $7.44 billion

Fee Based Accounts

(The number of accounts and the total assets in the accounts managed by each portfolio manager with respect to which the
advisory fee is based on the performance of the account.)

Brian Barnhart, CFA

0 $0 0 $0 0 $0

Ryan Baue, CFA*

0 $0 0 $0 0 $0

Tyler Knight, CFA

0 $0 0 $0 0 $0
*

As of August 31, 2024

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Investors Should Retain this Supplement for Future Reference

September 13, 2024