Transamerica Funds

12/18/2025 | Press release | Distributed by Public on 12/18/2025 10:14

Summary Prospectus by Investment Company (Form 497K)

TRANSAMERICA FUNDS

Supplement to the Currently Effective Prospectuses, Summary Prospectuses and Statement of Additional Information

Transamerica Multi-Asset Income

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Effective immediately, the following replaces the corresponding information in the Prospectuses and Summary Prospectuses for Transamerica Multi-Asset Income under the section entitled "Management":

 Management:
 Investment Manager: Transamerica Asset Management, Inc.
 Sub-Adviser: Thompson, Siegel &Walmsley LLC
 Portfolio Managers:
 William M. Bellamy, CFA  Portfolio Manager since March 2014
 David McMackin, CFA  Portfolio Manager since December 2025

Effective immediately, the following replaces the corresponding information in the Prospectuses for Transamerica Multi-Asset Income under the section entitled "Shareholder Information - Portfolio Manager(s)":

Name Sub-Adviser Positions Over Past Five Years
William M. Bellamy, CFA Thompson, Siegel &Walmsley LLC Portfolio Manager of the fund since 2014; Director of Income Strategies at Thompson, Siegel & Walmsley LLC since 2002
David McMackin, CFA Thompson, Siegel &Walmsley LLC Portfolio Manager of the fund since 2025; Research Analyst at Thompson, Siegel &Walmsley LLC since 2004

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Effective immediately, the following replaces the corresponding information in the Statement of Additional Information under the section in Appendix B entitled "Portfolio Managers - Thompson, Siegel & Walmsley LLC ("TSW")":

Transamerica Multi-Asset Income

 Portfolio Manager Registered Investment Companies

Other Pooled Investment

Vehicles

Other Accounts
Number

Assets

Managed

Number

Assets

Managed

Number

Assets

Managed

William M. Bellamy, CFA 2 $36.8 million 0 $0 25 $146.0 million
David McMackin, CFA* 2 $84.8 million 0 $0 25 $140.3 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.)

William M. Bellamy, CFA 0 $0 0 $0 0 $0
David McMackin, CFA* 0 $0 0 $0 0 $0

* As of September 30, 2025

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Investors Should Retain this Supplement for Future Reference

December 18, 2025

Transamerica Funds published this content on December 18, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 18, 2025 at 16:14 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]