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TRANSAMERICA FUNDS

Supplement to the Currently Effective Prospectuses and Statement of Additional Information

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Transamerica Intermediate Muni

Effective immediately, the following will replace the corresponding information in the Prospectuses for Transamerica Intermediate Muni under the section 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

 Matthew Dalton

  

Portfolio Manager

  

since November 2012

Effective immediately, the following will replace the corresponding information in the Prospectuses under the section entitled “Shareholder Information – Portfolio Manager(s)”:

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
 Matthew Dalton   Belle Haven Investments, L.P.   Portfolio Manager of the fund since 2012; joined Belle Haven Investments, L.P. in 1996; Chief Executive Officer since 2002

* * *

Effective immediately, the following will replace 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”):

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

  0   $0   0   $0    24,301   

$18.73 billion

 Matthew Dalton

  0   $0   1   $19.79 million    24,301   

$18.73 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

 Matthew Dalton

  0   $0   0   $0    0   

$0

* * *

Investors Should Retain this Supplement for Future Reference

May 14, 2025