TRANSAMERICA FUNDS
Supplement to the Currently Effective Prospectus and Statement of Additional Information
* * *
Transamerica Asset Allocation – Conservative Portfolio
Transamerica Asset Allocation – Growth Portfolio
Transamerica Asset Allocation – Moderate Growth Portfolio
Transamerica Asset Allocation – Moderate Portfolio
(together, the “funds”)
Effective on or about July 1, 2025, Neill Nuttall will no longer serve as a portfolio manager for the funds. Alexandra Wilson-Elizondo and Siwen Wu will continue to serve as portfolio managers for the funds.
* * *
Effective immediately, the following will replace the corresponding information in the Prospectus for each of the funds under the section entitled “Management”:
| Management: | ||||
| Investment Manager: Transamerica Asset Management, Inc. | ||||
| Sub-Adviser: Goldman Sachs Asset Management, L.P. | ||||
| Portfolio Managers: | ||||
| Neill Nuttall1 |
Portfolio Manager | since August 2020 | ||
| Alexandra Wilson-Elizondo |
Portfolio Manager | since January 2022 | ||
| Siwen Wu |
Portfolio Manager | since March 2024 | ||
1 Effective July 1, 2025, Mr. Nuttall will no longer serve as a Portfolio Manager of the fund.
Effective immediately, the following will replace the corresponding information in the Prospectus under the section entitled “Shareholder Information – Portfolio Manager(s)”:
Transamerica Asset Allocation - Conservative Portfolio
Transamerica Asset Allocation - Growth Portfolio
Transamerica Asset Allocation - Moderate Portfolio
Transamerica Asset Allocation - Moderate Growth Portfolio
| Name | Sub-Adviser | Positions Over Past Five Years | ||
| Neill Nuttall* | Goldman Sachs Asset Management, L.P. | Portfolio Manager of the funds since 2020; Managing Director and Co-Chief Investment Officer of the Multi-Asset Solutions Group; employed with Goldman Sachs Asset Management, L.P. since 2014 | ||
| Alexandra Wilson-Elizondo | Goldman Sachs Asset Management, L.P. | Portfolio Manager of the funds since 2022; Managing Director and Co-Chief Investment Officer of the Multi-Asset Solutions Group; employed with Goldman Sachs Asset Management, L.P. since 2021; prior to 2021, employed by MacKay Shields since 2015 | ||
| Siwen Wu | Goldman Sachs Asset Management, L.P. | Portfolio Manager of the funds since 2024; Vice President of the Multi-Asset Solutions Group; employed with Goldman Sachs Asset Management, L.P. since 2014 |
* Effective July 1, 2025, Mr. Nuttall will no longer serve as a Portfolio Manager of the funds.
* * *
Effective immediately, the following will replace the corresponding information in the Statement of Additional Information under the section in Appendix B entitled “Portfolio Managers – Goldman Sachs Asset Management, L.P. (“GSAM”):
Transamerica Asset Allocation - Conservative Portfolio
Transamerica Asset Allocation - Growth Portfolio
Transamerica Asset Allocation - Moderate Portfolio
Transamerica Asset Allocation - Moderate Growth Portfolio
| Portfolio Manager |
Registered Investment
|
Other Pooled Investment Vehicles |
Other Accounts | |||||||||
| Number |
Assets Managed |
Number | Assets Managed |
Number | Assets Managed | |||||||
|
Neill Nuttall* |
12 | $15.48 billion | 90 | $51.39 billion | 357 | $340.36 billion | ||||||
|
Alexandra Wilson-Elizondo |
11 | $15.10 billion | 90 | $51.39 billion | 357 | $340.36 billion | ||||||
|
Siwen Wu |
12 | $18.11 billion | 5 | $2.87 billion | 1 | $556.4 million | ||||||
|
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.)
| ||||||||||||
|
Neill Nuttall* |
0 | $0 | 0 | $0 | 3 | $4.43 billion | ||||||
|
Alexandra Wilson-Elizondo |
0 | $0 | 0 | $0 | 3 | $4.43 billion | ||||||
|
Siwen Wu |
0 | $0 | 0 | $0 | 0 | $0 | ||||||
* Effective July 1, 2025, Mr. Nuttall will no longer serve as a Portfolio Manager of the funds.
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Investors Should Retain this Supplement for Future Reference
April 4, 2025