Transamerica Funds

07/21/2026 | Press release | Distributed by Public on 07/21/2026 11:35

Prospectus by Investment Company (Form 497)

TRANSAMERICA FUNDS

Supplement to the Currently Effective Prospectus and Statement of Additional Information

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Transamerica High Yield Muni

Transamerica Intermediate Muni

Effective immediately, the following replaces the corresponding information in the Prospectus for each of Transamerica High Yield Muni and Transamerica Intermediate Muni under the sections entitled "Management":

Management:

Investment Manager: Transamerica Asset Management, Inc.

Sub-Adviser: Belle Haven Investments, L.P.

Portfolio Managers:

Max Christiana

Portfolio Manager since November 2021

Lincoln James

Portfolio Manager since July 2026

Effective immediately, the following replaces the corresponding information in the Prospectus under the section entitled "Shareholder Information - Portfolio Manager(s)":

Transamerica High Yield Muni

Name Sub-Adviser Positions Over Past Five Years
Max Christiana Belle Haven Investments, L.P. Portfolio Manager of the fund since 2021; joined Belle Haven Investments, L.P. in 2016, Partner since 2023; Portfolio Manager since 2020; Prior Vice President of Trading
Lincoln James Belle Haven Investments, L.P. Portfolio Manager of the fund since 2026; joined Belle Haven Investments, L.P. in 2023 as a Portfolio Manager and Trader; Employed at Hutchinson, Shockey, Erley & Co. and Huntington Capital Markets from 2010 to 2023; Employed at Loop Capital Markets as a Competitive Underwriter in 2023

Transamerica Intermediate Muni

Name Sub-Adviser Positions Over Past Five Years
Max Christiana Belle Haven Investments, L.P. Portfolio Manager of the fund since 2021; joined Belle Haven Investments, L.P. in 2016, Partner since 2023; Portfolio Manager since 2020; Prior Vice President of Trading
Lincoln James Belle Haven Investments, L.P. Portfolio Manager of the fund since 2026; joined Belle Haven Investments, L.P. in 2023 as a Portfolio Manager and Trader; Employed at Hutchinson, Shockey, Erley & Co. and Huntington Capital Markets from 2010 to 2023; Employed at Loop Capital Markets as a Competitive Underwriter in 2023

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Effective immediately, the following tables replace the corresponding tables in the Statement of Additional Information under the section in Appendix B entitled "Portfolio Managers - Belle Haven Investments, L.P. ("Belle Haven")":

Transamerica High Yield Muni

Portfolio Manager Registered Investment Companies

Other Pooled Investment

Vehicles

Other Accounts
Number  

Assets

Managed  

Number  

Assets

Managed  

Number  

Assets

Managed  

Max Christiana 1 $953 million 0 $0 26,332 $21.75 billion
Lincoln James* 1 $930 million 0 $0 27,773 $23.53 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.)

Max Christiana 0 $0 0 $0 0 $0
Lincoln James* 0 $0 0 $0 0 $0

* As of July 21, 2026

Transamerica Intermediate Muni

Portfolio Manager Registered Investment Companies

Other Pooled Investment

Vehicles

Other Accounts
Number  

Assets

Managed  

Number  

Assets

Managed  

Number  

Assets

Managed  

Max Christiana 1 $146 million 0 $0 26,332 $21.75 billion
Lincoln James* 1 $185 million 0 $0 27,773 $23.53 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.)

Max Christiana 0 $0 0 $0 0 $0
Lincoln James* 0 $0 0 $0 0 $0

* As of July 21, 2026

Effective immediately, the following replaces the corresponding information in the Statement of Additional Information under the section in Appendix B entitled "Portfolio Managers - Belle Haven Investments, L.P. ("Belle Haven")":

Compensation

Max Christiana, Co-Chief Investment Officer, and Lincoln James, Portfolio Manager, both receive compensation of a combination of salary, plus a bonus based on the profitability of Belle Haven.

Ownership of Securities

As of October 31, 2025, the portfolio manager(s) did not beneficially own any shares of the fund(s).

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Investors Should Retain this Supplement for Future Reference

July 21, 2026

Transamerica Funds published this content on July 21, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 21, 2026 at 17:35 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]