TRANSAMERICA FUNDS

Supplement to the Currently Effective ClearTrack^® Prospectus and Summary Prospectuses

Transamerica ClearTrack^® 2015

Transamerica ClearTrack^® 2020

Transamerica ClearTrack^® 2025

Transamerica ClearTrack^® 2030

Transamerica ClearTrack^® 2035

Transamerica ClearTrack^® 2040

Transamerica ClearTrack^® 2045

Transamerica ClearTrack^® 2050

Transamerica ClearTrack^® 2055

Transamerica ClearTrack^® 2060

Transamerica ClearTrack^® Retirement Income

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Effective immediately, the following sentence is added to the end of the “Purchase and Sale of Fund Shares” section of each fund’s Prospectus and Summary Prospectus:

The fund does not currently offer Class R1 shares.

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Investors Should Retain this Supplement for Future Reference

December 27, 2024