TRANSAMERICA FUNDS
Supplement to the Currently Effective Prospectus and Statement of Additional Information
Transamerica Energy Infrastructure
* * *
Effective immediately, the following replaces the corresponding information in the Prospectus and Summary Prospectus for Transamerica Energy Infrastructure under the section entitled “Management”:
| Management: | ||||
| Investment Manager: Transamerica Asset Management, Inc. | ||||
| Sub-Adviser: Kayne Anderson Capital Advisors, L.P. | ||||
| Portfolio Managers: | ||||
| James Baker | Portfolio Manager | since January 2024 | ||
| Gordon Hamilton | Portfolio Manager | since May 2026 | ||
| Harrison Little | Portfolio Manager | since January 2024 | ||
Effective immediately, the following replaces the corresponding information in the Prospectus for Transamerica Energy Infrastructure under the section entitled “Shareholder Information – Portfolio Manager(s)”:
| Name | Sub-Adviser | Positions Over Past Five Years | ||
| James Baker | Kayne Anderson Capital Advisors, L.P. | Portfolio Manager of the fund since 2024; Employed with Kayne Anderson Capital Advisors, L.P. since 2004; Managing Partner and Co-Head of Kayne Energy Infrastructure; Chief Executive Officer of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) (since 2019); Director, President and Co-Portfolio Manager of KYN (since 2017) | ||
| Gordon Hamilton | Kayne Anderson Capital Advisors, L.P |
Portfolio Manager of the fund since 2026; Employed with Kayne Anderson Capital Advisors, L.P. since 2018; Senior Managing Director and Portfolio Manager for Kayne Anderson’s energy infrastructure strategies, responsible for providing equity research and analytics in the midstream and energy infrastructure industries | ||
| Harrison Little | Kayne Anderson Capital Advisors, L.P. | Portfolio Manager of the fund since 2024; Employed with Kayne Anderson Capital Advisors, L.P. since 2023; Head of Research and Deputy Co-Head of Kayne Energy Infrastructure; Partner, Co-Founder and Director of Research at Decade Renewable Partners (2021-2023); Senior Associate at Citadel (2017-2020) |
* * *
Effective immediately, the following replaces the corresponding information in the Statement of Additional Information under the section in Appendix B entitled “Portfolio Managers – Kayne Anderson Capital Advisors, L.P. (“KACALP”)”:
Transamerica Energy Infrastructure
| Portfolio Manager | Registered Investment Companies1 |
Other Pooled Investment Vehicles |
Other Accounts | |||||||||
| Number | Assets Managed |
Number | Assets Managed |
Number | Assets Managed | |||||||
|
James Baker |
1 | $3.07 billion | 3 | $707.47 million | 5 | $329.33 million | ||||||
|
Gordon Hamilton* |
1 | $3.81 billion | 2 | $764.26 million | 4 | $262.12 million | ||||||
|
Harrison Little |
1 | $3.07 billion | 3 | $707.47 million | 5 | $329.33 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.) | ||||||||||||
|
James Baker |
0 | $0 | 1 | $444.88 million | 2 | $167.86 million | ||||||
|
Gordon Hamilton* |
0 | $0 | 1 | $551.99 million | 2 | $145.49 million | ||||||
|
Harrison Little |
0 | $0 | 1 | $444.88 million | 2 | $167.86 million | ||||||
1 Includes a closed-end fund managed by KA Fund Advisors, LLC, an affiliated registered investment adviser of KACALP.
* As of March 31, 2026
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Investors Should Retain this Supplement for Future Reference
May 5, 2026