Transamerica Funds
03/24/2026 | Press release | Distributed by Public on 03/24/2026 12:24
Summary Prospectus by Investment Company (Form 497K)
TRANSAMERICA FUNDS
Supplement to the Currently Effective Prospectuses, Summary Prospectuses
and Statements of Additional Information
Transamerica High Yield Bond
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Effective April 1, 2026, Andrew Maslan will be added as a portfolio manager of the fund. Effective on or about April 28, 2026, Benjamin D. Miller, CFA, will no longer serve as a portfolio manager of the fund.
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Effective April 1, 2026, the following will replace the corresponding information for the fund in the "Management" section of the Retail Prospectus and Summary Prospectus:
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Management: |
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Investment Manager: Transamerica Asset Management, Inc. |
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Sub-Adviser: Aegon USA Investment Management, LLC |
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Portfolio Managers: |
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Kevin Bakker, CFA |
Portfolio Manager |
since May 2007 |
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Benjamin D. Miller, CFA1 |
Portfolio Manager |
since August 2006 |
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Andrew Maslan |
Portfolio Manager |
since April 2026 |
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James K. Schaeffer, Jr. |
Portfolio Manager |
since March 2011 |
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1 Effective April 28, 2026, Mr. Miller will no longer serve as a Portfolio Manager of the fund.
Effective April 1, 2026, the following will replace the corresponding information for the fund in the "Management" section of the Class R, Class R4 and Class I3 Prospectus and Summary Prospectus:
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Management: |
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Investment Manager: Transamerica Asset Management, Inc. |
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Sub-Adviser: Aegon USA Investment Management, LLC |
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Portfolio Managers: |
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Kevin Bakker, CFA1 |
Portfolio Manager |
since May 2007 |
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Benjamin D. Miller, CFA1, 2 |
Portfolio Manager |
since August 2006 |
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Andrew Maslan |
Portfolio Manager |
since April 2026 |
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James K. Schaeffer, Jr.1 |
Portfolio Manager |
since March 2011 |
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1 Portfolio Manager of the predecessor fund.
2 Effective April 28, 2026, Mr. Miller will no longer serve as a Portfolio Manager of the fund.
Effective April 1, 2026, the following will replace the corresponding information for the fund in the "Shareholder Information - Portfolio Manager(s)" section of the Prospectuses:
| Name | Sub-Adviser | Positions Over Past Five Years | ||
| Kevin Bakker, CFA | Aegon USA Investment Management, LLC | Portfolio Manager of the fund since 2007; Employee with Aegon USA Investment Management, LLC since 2003, initially as a research analyst and became a portfolio manager in 2007; Head of U.S. High Yield | ||
| Benjamin D. Miller, CFA* | Aegon USA Investment Management, LLC | Portfolio Manager of the fund since 2006; Employee with Aegon USA Investment Management, LLC since 1993, initially as a research analyst and became a portfolio manager in 2006 | ||
| Andrew Maslan | Aegon USA Investment Management, LLC | Portfolio Manager of the fund since 2026; Employee with Aegon USA Investment Management, LLC since 2024; Currently a portfolio manager and research team leader on the Distressed Credit team; Director, M&G Investments from 2020 to 2024; previously employed at Aegon USA Investment Management, LLC from 2015 to 2020 |
| James K. Schaeffer, Jr. | Aegon USA Investment Management, LLC | Portfolio Manager of the fund since 2011; Employee with Aegon USA Investment Management, LLC since 2004 and held various investment management roles; Currently Head of US Leveraged Finance and Global CLOs |
* Effective April 28, 2026, Mr. Miller will no longer serve as a Portfolio Manager of the fund.
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Effective April 1, 2026, the following will replace the corresponding information in the "Portfolio Managers - Aegon USA Investment Management, LLC ("AUIM")" section of Appendix B of the Statements of Additional Information:
Transamerica High Yield Bond
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Portfolio Manager |
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | |||||||||
| Number |
Assets Managed |
Number |
Assets Managed |
Number |
Assets Managed |
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Kevin Bakker, CFA |
1 | $243 million | 2 | $370 million | 7 | $1.04 billion | ||||||
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Benjamin D. Miller, CFA* |
1 | $243 million | 2 | $370 million | 7 | $1.04 billion | ||||||
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Andrew Maslan** |
0 | $0 | 0 | $0 | 1 | $99 million | ||||||
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James K. Schaeffer, Jr. |
1 | $243 million | 2 | $370 million | 10 | $1.24 billion | ||||||
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Fee Based Accounts |
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Kevin Bakker, CFA |
0 | $0 | 0 | $0 | 2 | $519 million | ||||||
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Benjamin D. Miller, CFA* |
0 | $0 | 0 | $0 | 2 | $519 million | ||||||
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Andrew Maslan** |
0 | $0 | 0 | $0 | 0 | $0 | ||||||
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James K. Schaeffer, Jr. |
0 | $0 | 0 | $0 | 1 | $482 million | ||||||
* Effective April 28, 2026, Mr. Miller will no longer serve as a Portfolio Manager of the fund.
** As of December 31, 2025
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Investors Should Retain this Supplement for Future Reference
March 24, 2026
Transamerica Funds published this content on March 24, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 24, 2026 at 18:24 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]