Transamerica High Yield Bond Fund Updates Prospectus

TL;DR

**Transamerica High Yield Bond fund just updated its prospectus, check for any changes!**

AI Summary

This 497K filing from TRANSAMERICA FUNDS, filed on March 24, 2026, is a Summary Prospectus for its Transamerica High Yield Bond series (S000007793). It details various share classes like A (IHIYX), C (INCLX), I (TDHIX), R6 (TAHBX), R (TAHRX), R4 (TAHFX), and I3 (TAHTX). This matters to investors because it provides updated, concise information about the fund's objectives, fees, and risks, which is crucial for making informed investment decisions about their high-yield bond holdings.

Why It Matters

This filing provides current, essential information about the Transamerica High Yield Bond fund, helping investors understand its structure and make informed decisions.

Risk Assessment

Risk Level: medium — High-yield bond funds generally carry medium risk due to their investment in lower-rated debt, offering higher returns but also higher default risk.

Analyst Insight

Investors holding or considering Transamerica High Yield Bond funds should review the updated Summary Prospectus to understand any changes in fund objectives, fees, or risks, ensuring their investment aligns with their financial goals.

Key Numbers

• 2026-03-24 — Filing Date (The date the Summary Prospectus was filed and became effective, indicating the information is current as of this date.)
• 0000787623 — CIK (The Central Index Key for TRANSAMERICA FUNDS, used to identify the entity in SEC filings.)
• 033-02659 — File No. (The registration statement file number for TRANSAMERICA FUNDS under the Securities Act of 1933.)

Key Players & Entities

• TRANSAMERICA FUNDS (company) — the filer of the 497K
• Transamerica High Yield Bond (company) — the specific fund series covered by the prospectus
• IHIYX (company) — ticker symbol for Class A shares
• INCLX (company) — ticker symbol for Class C shares
• TDHIX (company) — ticker symbol for Class I shares
• TAHBX (company) — ticker symbol for Class R6 shares
• TAHRX (company) — ticker symbol for Class R shares
• TAHFX (company) — ticker symbol for Class R4 shares
• TAHTX (company) — ticker symbol for Class I3 shares
• 0000787623 (dollar_amount) — CIK of TRANSAMERICA FUNDS

FAQ

Key Financial Figures

• $243 million — ssets Managed Kevin Bakker, CFA 1 $243 million 2 $370 million 7 $1.04 billion
• $370 million — vin Bakker, CFA 1 $243 million 2 $370 million 7 $1.04 billion Benjamin D. Mille
• $1.04 billion — $243 million 2 $370 million 7 $1.04 billion Benjamin D. Miller, CFA* 1 $243 mi
• $0 — $1.04 billion Andrew Maslan** 0 $0 0 $0 1 $99 million James K. S
• $99 million — Andrew Maslan** 0 $0 0 $0 1 $99 million James K. Schaeffer, Jr. 1 $243 mil
• $1.24 billion — $243 million 2 $370 million 10 $1.24 billion Fee Based Accounts (The number of acc
• $519 million — evin Bakker, CFA 0 $0 0 $0 2 $519 million Benjamin D. Miller, CFA* 0 $0 0
• $482 million — . Schaeffer, Jr. 0 $0 0 $0 1 $482 million * Effective April 28, 2026, Mr. Mille

Filing Documents

• d82520d497k.htm (497K) — 45KB
• 0001193125-26-121476.txt ( ) — 47KB
• S000007793
• C000021232 (IHIYX)
• C000021234 (INCLX)
• C000021235
• C000081826 (TDHIX)
• C000156743 (TAHBX)
• C000171808 (TAHRX)
• C000171809 (TAHFX)
• C000171810 (TAHTX)

From the Filing

497K TRANSAMERICA FUNDS Supplement to the Currently Effective Prospectuses, Summary Prospectuses and Statements of Additional Information Transamerica High Yield Bond * * * 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. * * * 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: Management: Investment Manager: Transamerica Asset Management, Inc. Sub-Adviser: Aegon USA Investment Management, LLC Portfolio Managers: Kevin Bakker, CFA Portfolio Manager since May 2007 Benjamin D. Miller, CFA 1 Portfolio Manager since August 2006 Andrew Maslan Portfolio Manager since April 2026 James K. Schaeffer, Jr. Portfolio Manager since March 2011 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: Management: Investment Manager: Transamerica Asset Management, Inc. Sub-Adviser: Aegon USA Investment Management, LLC Portfolio Managers: Kevin Bakker, CFA 1 Portfolio Manager since May 2007 Benjamin D. Miller, CFA 1, 2 Portfolio Manager since August 2006 Andrew Maslan Portfolio Manager since April 2026 James K. Schaeffer, Jr. 1 Portfolio Manager since March 2011 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. * * * 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 Portfolio Manager Registered Investment Companies Other Pooled Investment Vehicles Other Accounts Number Assets Managed Number Assets Managed Number Assets Managed Kevin Bakker, CFA 1 $243 million 2 $370 million 7 $1.04 billion Benjamin D. Miller, CFA* 1 $243 million 2 $370 million 7 $1.04 billion Andrew Maslan** 0 $0 0 $0 1 $99 million James K. Schaeffer, Jr. 1 $243 million 2 $370 million 10 $1.24 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.) Kevin Bakker, CFA 0 $0 0 $0 2 $519 million Benjamin D. Miller, CFA* 0 $0 0 $0 2 $519 million Andrew Maslan** 0 $0 0 $0 0 $0 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 * * * Investors Should Retain this Supplement for Future Reference March 24, 2026

View Full Filing

View this 497K filing on SEC EDGAR