UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

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Securities Exchange Act of 1934

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TRANSAMERICA FUNDS

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TRANSAMERICA FUNDS

Transamerica Dynamic Income

NOTICE OF ADJOURNMENT OF SPECIAL MEETING OF SHAREHOLDERS

Please be advised that the special meeting of shareholders, held virtually at 10:00 am Mountain Time on April 1, 2021, for Transamerica Dynamic Income, a series of Transamerica Funds (the “Fund”), has been adjourned to allow additional time to solicit shareholder votes on the proposed Agreement and Plan of Reorganization pursuant to which the Fund would reorganize into Transamerica Multi-Asset Income, also a series of Transamerica Funds. The shareholder meeting for the Fund will reconvene on May 14, 2021 at 10:00 am Mountain Time. In light of public health concerns regarding the ongoing coronavirus (COVID-19) pandemic, and taking into account related orders and guidance issued by federal, state and local governmental bodies, the officers of Transamerica Funds have determined that the special meeting and all adjournments will be held in a virtual meeting format only, via the internet, with no physical in-person meeting. To attend, vote, and submit any questions at the special meeting, please register at http://www.viewproxy.com/Transamerica/broadridgevsm. During the pendency of the adjourned meeting, shareholders holding shares as of the record date of December 8, 2020 who have not yet voted are encouraged to vote on the proposed reorganization.

A proxy statement/prospectus has been filed in connection with the solicitation of proxies to approve the proposal described above. Because the proxy statement contains important information, the Fund’s shareholders are urged to read the proxy statement/prospectus and accompanying materials carefully. If you have questions, please call the Funds’ proxy solicitor at 1-833-670-0692. The proxy statement/prospectus is also available at www.ProxyVote.com using your voting control number or at the website of the Securities and Exchange Commission, www.sec.gov.

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