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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Infrax Systems Inc (PK) | USOTC:IFXY | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00005 | 10.00% | 0.00055 | 0.0005 | 0.0006 | 0.0006 | 0.0005 | 0.00055 | 2,790,140 | 19:03:09 |
As filed with the Securities and Exchange Commission on February 13, 2014
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Registration No. 033-02659
Pre-Effective Amendment No. |
||||
Post-Effective Amendment No. |
182 |
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
1940 Act File No. 811-04556
Amendment No. |
183 |
TRANSAMERICA FUNDS
(Exact Name of Registrant as Specified in Charter)
570 Carillon Parkway, St. Petersburg, Florida 33716
(Address of Principal Executive Offices) (Zip Code)
Registrants Telephone Number, including Area Code: (727) 299-1800
Dennis P. Gallagher, Esq., 570 Carillon Parkway, St. Petersburg, Florida 33716
(Name and Address of Agent for Service)
Approximate date of proposed public offering:
It is proposed that this filing will become effective:
¨ |
60 days after filing pursuant to paragraph (a) (1) of Rule 485. |
¨ |
75 days after filing pursuant to paragraph (a) (2) of Rule 485. |
¨ |
On (Date) pursuant to paragraph (a) (1) of Rule 485. |
þ |
On April 30, 2014 pursuant to paragraph (a) (2) of Rule 485. |
¨ |
Immediately upon filing pursuant to paragraph (b) of Rule 485. |
¨ |
On (Date) pursuant to paragraph (b) of Rule 485. |
If appropriate, check the following box:
¨ |
This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
This Amendment to the Registration Statement of Transamerica Funds relates only to Transamerica Mid Cap Value Opportunities.
Fund |
Class
A
Ticker |
Class
C
Ticker |
Class
I
Ticker |
Transamerica Mid Cap Value Opportunities | [___] | [___] | [___] |
Neither the U.S. Securities and Exchange Commission, Commodity Futures Trading Commission, nor any state securities commission has approved or disapproved these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense. |
Not insured by FDIC or any federal government agency. | May lose value. | Not a deposit of or guaranteed by any bank, bank affiliate, or credit union. |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||
Class of Shares | |||
A | C | I | |
Management fees | 0.67% | 0.67% | 0.67% |
Distribution and service (12b-1) fees | 0.25% | 1.00% | 0.00% |
Other expenses a | 0.20% | 0.18% | 0.24% |
Total annual fund operating expenses | 1.17% | 1.85% | 0.91% |
a | Other expenses are based on estimates for the current fiscal year. |
• | Active Trading – The fund is actively managed and may purchase and sell securities without regard to the length of time held. Active trading may have a negative impact on performance by increasing transaction costs and may generate greater amounts of net short-term capital gains, which, for shareholders holding shares in taxable accounts, would be subject to tax at ordinary income tax rates upon distribution. |
• | Cash Management and Defensive Investing – The value of investments held by the fund for cash management or defensive investing purposes can fluctuate. Like other fixed income securities, cash and cash equivalent securities are subject to risk, including market, interest rate and credit risk. If the fund holds cash uninvested, the fund will be subject to the credit risk of the depository institution holding the cash, it will not earn income on the cash and the fund’s yield will go down. To the extent that the fund’s assets are used for cash management or defensive investing purposes, it may not achieve its objective. |
• | Convertible Securities – Convertible securities share investment characteristics of both fixed income and equity securities. However, the value of these securities tends to vary more with fluctuations in the value of the underlying common stock than with fluctuations in interest rates. The value of convertible securities also tends to exhibit lower volatility than the underlying common stock. Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. The fund could lose money if the issuer of a convertible security is unable to meet its financial obligations or goes bankrupt. |
• | Currency – The value of the fund’s securities denominated in foreign currencies fluctuates as the rates of exchange between those currencies and the U.S. dollar change. Currency conversion costs and currency fluctuations could reduce or eliminate investment gains or add to investment losses. Currency exchange rates can be volatile and are affected by, among other factors, the general economics of a country, the actions of the U.S. and foreign governments or central banks, the imposition of currency controls, and speculation. |
• | Depositary Receipts – Depositary receipts may be less liquid than the underlying shares in their primary trading market. Any distributions paid to the holders of depositary receipts are usually subject to a fee charged by the depositary. Holders of depositary receipts may have limited voting rights, and investment restrictions in certain countries may adversely impact the value of depositary receipts because such restrictions may limit the ability to convert equity shares into depositary receipts and vice versa. Such restrictions may cause equity shares of the underlying issuer to trade at a discount or premium to the market price of the depositary receipts. |
• | Equity Securities – Equity securities represent an ownership interest in an issuer, rank junior in a company’s capital structure and consequently may entail greater risk of loss than debt securities. Equity securities include common and preferred stocks. Stock markets are volatile. The price of equity securities fluctuates based on changes in a company’s financial condition and overall market and economic conditions. If the market prices of the equity securities owned by the fund fall, the value of your investment in the fund will decline. |
• | Expenses – Your actual costs of investing in the fund may be higher than the expenses shown in this prospectus for a variety of reasons. For example, expense ratios may be higher than those shown if overall net assets decrease. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile. |
• | Foreign Investments – Investing in securities of foreign issuers or issuers with significant exposure to foreign markets involves additional risk. Foreign countries may have markets that are less liquid, less regulated and more volatile than U.S. markets. The value of the fund’s investments may decline because of factors affecting the particular issuer as well as foreign markets and issuers generally, such as unfavorable government actions, political or financial instability or other adverse economic or political developments. Lack of information and weaker accounting standards also may affect the value of these securities. |
• | Manager – The sub-adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses employed by the sub-adviser may not produce the desired results. This could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. |
• | Market – The market prices of the fund's securities may go up or down, sometimes rapidly or unpredictably, due to general market conditions, such as real or perceived adverse economic or political conditions, inflation, changes in interest rates or currency rates, lack of liquidity in the markets or adverse investor sentiment. Adverse market conditions may be prolonged and may not have the same impact on all types of securities. Market prices of securities also may go down due to events or conditions that affect particular sectors, industries or issuers. When market prices fall, the value of your investment will go down. The fund may experience a substantial or complete loss on any individual security. The global financial crisis that began in 2008 has caused a significant decline in the value and liquidity of many securities and unprecedented volatility in the markets. Governmental and non-governmental issuers (notably in Europe) have defaulted on, or been forced to restructure their debts; and many other issuers have faced difficulties obtaining credit or refinancing existing obligations. These market conditions may continue, worsen or spread, including in the United States, Europe and elsewhere. Further defaults or restructurings by governments and others of their debt could have additional adverse effects on economies, financial markets and asset valuations around the world. In response to the crisis, the U.S. government and the Federal Reserve, as well as certain foreign governments and their central banks have taken steps to support financial markets, including by keeping interest rates low. The withdrawal of this support, failure of efforts in response to the crisis, or investor perception that such efforts are not succeeding could negatively affect financial markets generally as well as reduce the value and liquidity of certain securities. This environment could make identifying investment risks and opportunities especially difficult for the sub-adviser. Whether or not the fund invests in securities of issuers located in or with significant exposure to countries experiencing economic and financial difficulties, the value and liquidity of the fund's investments may be negatively affected. In addition, policy and legislative changes in the United States and in other countries are affecting many aspects of financial regulation. The impact of these changes on the markets, and the practical implications for market participants, may not be fully known for some time. |
• | Medium Capitalization Companies – The fund will be exposed to additional risks as a result of its investments in the securities of medium capitalization companies. Investing in medium capitalization companies involves greater risk than is customarily associated with more established companies. The prices of securities of medium capitalization companies generally are more volatile and are more likely to be adversely affected by changes in earnings results and investor expectations or poor economic or market conditions. Securities of medium capitalization companies may underperform larger capitalization companies, may be harder to sell at times and at prices the portfolio managers believe appropriate and may offer greater potential for losses. |
• | New Fund – The fund is newly formed. Investors in the fund bear the risk that the sub-adviser may not be successful in implementing its investment strategy, and may not employ a successful investment strategy, or that the fund may fail to attract sufficient assets under management to realize economies of scale, any of which could result in the fund being liquidated at any time without shareholder approval and at a time that may not be favorable for all shareholders. |
• | Portfolio Selection – The value of your investment may decrease if the sub-adviser’s judgment about the quality, relative yield, value or market trends affecting a particular security or issuer, industry, sector, region or market segment, or about the economy or interest rates is incorrect. |
• | Preferred Stock – Preferred stock’s right to dividends and liquidation proceeds is junior to the rights of a company’s debt securities. The value of preferred stock may be subject to factors that affect fixed income and equity securities, including changes in interest rates and in a company’s creditworthiness. The value of preferred stock tends to vary more with fluctuations in the underlying common stock and less with fluctuations in interest rates and tends to exhibit greater volatility. Shareholders of preferred stock may suffer a loss of value if dividends are not paid and have limited voting rights. |
• | Value Investing – The prices of securities the sub-adviser believes are undervalued may not appreciate as anticipated or may go down. Value stocks as a group may be out of favor and underperform the overall equity market for a long period of time, for example, while the market favors “growth” stocks. |
Investment Adviser: | Sub-Adviser: | |
Transamerica Asset Management, Inc. | Thompson, Siegel & Walmsley LLC | |
Portfolio Manager: | ||
Brett P. Hawkins, CFA, Portfolio Manager since 2014 |
(1) | employ a new unaffiliated sub-adviser for a fund pursuant to the terms of a new investment sub-advisory agreement, either as a replacement for an existing sub-adviser or as an additional sub-adviser; |
(2) | materially change the terms of any sub-advisory agreement; and |
(3) | continue the employment of an existing sub-adviser on sub-advisory contract terms where a contract has been assigned because of a change of control of the sub-adviser. |
Fund | Sub-Adviser | Sub-Adviser Address |
Transamerica Mid Cap Value Opportunities | Thompson, Siegel & Walmsley LLC |
6806
Paragon Place
Suite 300 Richmond, VA 23230 |
Name | Sub-Adviser | Positions Over Past Five Years |
Brett P. Hawkins, CFA | Thompson, Siegel & Walmsley LLC | Portfolio Manager of the fund since 2014; Portfolio Manager at Thompson, Siegel & Walmsley LLC since 2001 |
1 Year | 5 Years | 10 Years | |
Thompson, Siegel & Walmsley LLC: Mid Cap Value (gross of all expenses and sales charges) | [__] | [__] | [__] |
Thompson, Siegel & Walmsley LLC: Mid Cap Value (net of expenses and sales charges) | [__] | [__] | [__] |
Thompson, Siegel & Walmsley LLC: Mid Cap Value (net of expenses and excluding sales charges) | [__] | [__] | [__] |
Russell Midcap ® Value Index (reflects no deduction for fees, expenses or taxes) | [__] | [__] | [__] |
• | Customer Service: 1-888-233-4339 |
• | Internet: www.transamericafunds.com |
• | Fax: 1-888-329-4339 |
Mailing Address: |
Transamerica
Fund Services, Inc.
P.O. Box 219945 Kansas City, MO 64121-9945 |
Overnight Address: |
Transamerica
Fund Services, Inc.
330 W. 9th Street Kansas City, MO 64105 |
Type of Account |
Minimum
Initial Investment (per fund account) |
Minimum
Subsequent Investment (per fund account) |
Regular Accounts | $1,000 | $50 |
IRA, Roth IRA or Coverdell ESA | $1,000 | $50 |
Employer-sponsored Retirement Plans (includes 403(b), SEP and SIMPLE IRA plans) | $1,000 | $50 |
Uniform Gift to Minors (“UGMA”) or Transfer to Minors (“UTMA”) | $1,000 | $50 |
Payroll Deduction and Automatic Investment Plans | $ 500 | $50* |
Type of Account |
Minimum
Initial Investment (per fund account) |
Minimum
Subsequent Investment (per fund account) |
Regular Accounts | $1,000,000 | N/A |
IRA, Roth IRA or Coverdell ESA | $1,000,000 | N/A |
Employer-sponsored Retirement Plans | Waived | N/A |
Uniform Gift to Minors (“UGMA”) or Transfer to Minors (“UTMA”) | $1,000,000 | N/A |
Payroll Deduction and Automatic Investment Plans | $1,000,000 | $ 50* |
* | Minimum monthly per fund account investment. |
** | Class I shares are currently primarily offered for investment to institutional investors including, but not limited to, fee-based programs, qualified retirement plans, certain endowment plans and foundations and Directors, Trustees and employees of the funds’ affiliates. The minimum investment for Class I shares is $1,000,000 per fund account, but will be waived for certain investors, including fee-based programs, qualified retirement plans, certain endowment plans and foundations, financial intermediaries that submit trades on behalf of underlying investors, shareholders who received Class I shares in the conversion of Class P shares to Class I shares on February 10, 2012, Directors, Trustees and officers of any Transamerica-sponsored funds, and employees of Transamerica and its affiliates. |
• | Send your completed application and check made payable to Transamerica Fund Services, Inc. |
• | The dealer is responsible for opening your account and providing Transamerica Funds with your taxpayer identification number. |
• | Make your check payable and send to Transamerica Fund Services, Inc. |
• | If you are opening a new account, send your completed application along with your check. |
• | If you are purchasing shares in an existing account(s), please reference your account number(s) and the Transamerica fund(s) in which you wish to invest. If you do not specify the fund(s) in which you wish to invest, and your referenced account is invested in one fund, your check will be deposited into such fund. |
• | Redemption proceeds will be withheld for 15 calendar days from the date of purchase for funds to clear. Certain exceptions may apply. |
• | Transamerica Funds does not accept money orders, traveler’s checks, starter checks, credit card convenience checks or cash. Cashier’s checks and third-party checks may be accepted, subject to approval by Transamerica Funds. |
• | With an Automatic Investment Plan (“AIP”), a level dollar amount is invested monthly and payment is deducted electronically from your bank account. Due to your bank’s requirements, please allow up to 30 days for your AIP to begin. Investments may be made between the 3rd and 28th of each month only, and will occur on the 15th if no selection is made. Call Customer Service for information on how to establish an AIP or visit our website to obtain an AIP request form. |
• | You may request an electronic transfer of funds from your bank account to your Transamerica Funds account. The electronic bank link option must be established in advance before Automated Clearing House (“ACH”) purchases will be accepted. Call Customer Service or visit our website at www.transamericafunds.com for information on how to establish an electronic bank link. Due to your bank’s requirements, please allow up to 30 days to establish this option. |
• | If your dealer has already established your account for you, no additional documentation is needed. Call your dealer to place your order. Transamerica Funds must receive your payment within three business days after your order is accepted. |
• | You may request an electronic transfer of funds from your bank account to your Transamerica Funds account. The electronic bank link option must be established in advance before ACH purchases will be accepted. Call Customer Service or visit our website at www.transamericafunds.com for information on how to establish an electronic bank link. |
• | You may have money transferred regularly from your payroll to your Transamerica Funds account. Call Customer Service to establish this option. |
• | You may request that your bank wire funds to your Transamerica Funds account (note that your bank may charge a fee for such service). You must have an existing account to make a payment by wire transfer. Ask your bank to send your payment to: |
State Street Bank
and Trust Company, Boston, MA, ABA#011000028
Credit: Transamerica Funds Acct #00418533 Ref: Shareholder name, Transamerica fund and account numbers. |
|
• | Shares will be purchased at the next determined public offering price after receipt of your wire if you have supplied all other required information. |
• | You may request an “ACH redemption” in writing, by phone or by internet access to your account. Payment should usually be received by your bank account 2-4 banking days after your request is received in good order. Transamerica Funds does not charge for this payment option. Certain IRAs and qualified retirement plans may not be eligible via the internet. |
• | You may request an expedited wire redemption in writing or by phone. The electronic bank link must be established in advance. Otherwise, an original signature guarantee will be required. Wire redemptions have a minimum of $1,000 per wire. Payment should be received by your bank account the next banking day after your request is received in good order. Transamerica Funds charges $10 for this service. Your bank may charge a fee as well. |
• | Written Request – Send a letter requesting a withdrawal to Transamerica Funds. Specify the fund, account number, and dollar amount or number of shares you wish to redeem. Be sure to include all shareholders’ signatures and any additional documents, as well as an original signature guarantee(s) if required. If you are requesting a distribution from an IRA, federal tax withholding of 10% will apply unless you elect otherwise. If you elect to withhold, the minimum tax withholding rate is 10%. |
• | Telephone or Internet Request – You may request your redemption by phone or internet. Certain IRAs and qualified retirement plans may not be eligible. |
• | This request must be in writing, regardless of amount, signed by all account owners with an original signature guarantee. |
• | You can establish a Systematic Withdrawal Plan (“SWP”) either at the time you open your account or at a later date. Call Customer Service for information on how to establish a SWP, or visit our website to obtain the appropriate form to complete. |
• | You may redeem your shares through an authorized dealer (they may impose a service charge). Contact your Registered Representative or call Customer Service for assistance. |
• | The type of account you have and if there is more than one shareholder. |
• | The dollar amount you are requesting; redemptions over $50,000 must be in writing and those redemptions totaling more than $100,000 require a written request with an original signature guarantee for all shareholders on the account. |
• | A written request and original signature guarantee may be required if there have been recent changes made to your account (such as an address change) or other such circumstances. For your protection, if an address change was made in the last 10 days, Transamerica Funds requires a redemption request in writing, signed by all account owners with an original signature guarantee. |
• | When redeeming all shares from an account with an active AIP, your AIP will automatically be stopped. Please contact Customer Service if you wish to re-activate your AIP. |
• | Each fund reserves the right to refuse a telephone redemption request if it is believed it is advisable to do so. The telephone redemption option may be suspended or terminated at any time without advance notice. |
• | Redemption proceeds will be withheld for 15 calendar days from the date of purchase for funds to clear. Certain exceptions may apply. |
• | Shares will normally be redeemed for cash, although each fund retains the right to redeem its shares in kind. Please see the SAI for more details. |
• | If you request that a withdrawal check be delivered overnight, a $20 overnight fee will be charged; for Saturday delivery, a $30 overnight fee will be charged. |
• | You may request an exchange in writing, by phone, or by accessing your account through the internet. |
• | You can exchange shares in one fund for shares in the same class of another fund offered in this prospectus. |
• | Class A and C shares minimum exchange to a new fund account is $1,000. This minimum is reduced to $500 per fund account if you elect to establish an AIP and invest a minimum of $50 per month, per fund account. If you want to exchange between existing fund accounts, the required minimum will be $50 per fund account. |
• | Class I shares minimum exchange to a new fund account is $1,000,000 per fund account but will be waived for certain investors as outlined within the Minimum Investment Section. |
• | An exchange is treated as a redemption of a fund’s shares, followed by a purchase of the shares of the fund into which you exchanged. Prior to making exchanges into a fund that you do not own, please read the prospectus for that fund carefully. |
• | If you exchange all your shares to a new fund, any active systematic plan that you maintain with Transamerica Funds will also carry over to this new fund unless otherwise instructed. |
• | In certain circumstances, shares of one class of a fund may also be exchanged directly for shares of another class of the same fund, as described in the Statement of Additional Information. |
• | Transamerica Funds reserves the right to modify or terminate the exchange privilege at any time upon 60 days’ written notice. |
• | Transamerica Funds reserves the right to deny any exchange request involving transactions between classes of shares. Please review your individual circumstances with your financial professional. |
• | The minimum exchange amount may be waived with respect to transactions in omnibus accounts maintained on behalf of certain 401(k) and other retirement plans. |
• | Substantial investments receive lower sales charge rates (see tables below). |
• | The “rights of accumulation” allows you, your spouse and children under age 21 to include the value of your existing holdings in any class of shares of the Transamerica Funds to determine your Class A sales charge. Breakpoints are derived from the daily NAV at the market close, the current combined NAV value at the time of the purchase and the gross amount of the new purchase. |
• | A Letter of Intent (“LOI”) allows you, your spouse and children under age 21 to count all share investments, up to a maximum of $1 million, in a Transamerica fund over the next 13 months, as if you were making them all at once, to qualify for reduced sales charges on your Class A investments. The 13 month period will begin on the date of your first purchase following the execution of your LOI. The market value of your existing holdings eligible to be aggregated as of the trading day immediately before the start of your LOI period will be credited toward satisfying your LOI. Purchases made at NAV |
after the establishment of your LOI (as a result of another waiver or sales charge reduction) shall not count toward meeting the amount stated in your LOI. Transamerica Funds will reserve a portion of your shares to cover any additional sales charge that may apply if your LOI amount is not met. | |
• | By investing as part of a qualified group. An individual who is a member of a qualified group may purchase Class A shares at the reduced sales charge applicable to that group as a whole. A “qualified group” is one which has at least ten members; has been in existence for at least six months; has some purpose in addition to the purchase of mutual fund shares at a discount; has agreed to include fund sales publications in mailings to members; has arrangements made for access to the group which are satisfactory to Transamerica Funds’ transfer agent; has arrangements satisfactory to Transamerica Funds’ transfer agent established for verification that the group meets these requirements; and the group’s sole organizational nexus or connection is not that the members are credit card holders of a company, policy holders of an insurance company, customers of a bank or a broker-dealer, clients of an investment adviser or security holders of a company. Transamerica Funds reserves the right to waive the requirement that the group continue to meet the minimum membership requirement or the requirement that an investor continues to belong to the group in order to qualify for lower sales charges (but not to waive either of these requirements initially). To establish a group purchase program, both the group itself and each participant must complete an application. Please contact Customer Service (1-888-233-4339) for further information and assistance. Qualified group accounts are not eligible to be counted under a rights of accumulation or LOI sales charge reduction or waiver with accounts other than accounts in the qualified group. |
• | By investing in a SIMPLE IRA plan held by Transamerica Fund Services, Inc. with State Street Bank as custodian, you and all plan participants will receive a reduced sales charge on all plan contributions that exceed quantity discount amounts. SIMPLE IRA plan accounts are not eligible to be counted toward a sales charge reduction or waiver with accounts other than accounts in the SIMPLE IRA plan. |
• | Your Class I share investments may count toward a reduction of sales charge paid on Class A shares. You may be able to lower the sales charge percentage on Class A by requesting “rights of accumulation” or a “letter of intent”. If you would like to add one of these features to your Class A share account, please contact Customer Service. |
* | The transfer agent, Transamerica Fund Services, Inc. must be notified when a purchase is made that qualifies under any of the above provisions. Consequently, when a purchaser acquires shares directly from Transamerica Funds, he/she must indicate in his/her purchase order that such purchase qualifies under any of the above provisions, and must provide enough information to substantiate that claim. When a purchaser acquires shares through a dealer or other financial intermediary, he/she must inform his/her dealer or other financial intermediary of any facts that may qualify a purchase for any of the above provisions, such as, for example, information about other holdings of Class A shares of the funds that the purchaser has, directly with Transamerica Funds, or through other accounts with dealers or financial intermediaries. To substantiate a claim, it may be necessary for a purchaser to provide TFS or his/her dealer or other financial intermediary information or records regarding shares of Transamerica Funds held in all accounts (e.g., retirement plan accounts) of the purchaser directly with Transamerica Funds or with one or several dealers or other financial intermediaries, including to substantiate “rights of accumulation” accounts held by a spouse and children under age 21. |
** | Shares purchased may be subject to a 1.00% CDSC if they are redeemed within the first 24 months of purchase. Please see “Choosing a Share Class - Class A Shares - Front Load” for more information. |
• | Current and former trustees, directors, officers, and employees of Transamerica Funds and its affiliates; employees of Transamerica Funds sub-advisers; sales representatives and employees of dealers having a sales agreement with Transamerica Funds’ distributor, TCI; and any family members thereof; |
• | Any trust, pension, profit-sharing or other benefit plan for any of the foregoing persons; |
• | “Wrap” accounts for the benefit of clients of certain broker-dealers, financial institutions, or financial planners who have entered into arrangements with Transamerica Funds or TCI; |
• | Employer-sponsored retirement plans described in Section 401(a), 401(k), 401(m), or 457 of the Internal Revenue Code with assets of $1 million or more and whose accounts are held through an Omnibus or Network Level 3 account arrangement; |
• | Retirement plans described in Section 401(a), 401(k), 401(m), or 457 of the Internal Revenue Code whose accounts are held through an Omnibus or Network Level 3 account arrangement that purchased Class A shares without a sales charge prior to August 31, 2007; |
• | Other retirement plans that purchased Class A shares without a sales charge prior to April 28, 2006; |
• | Other retirement plans whose accounts are held through an arrangement with Morgan Stanley & Co. Incorporated; |
• | Other retirement plans whose accounts are held through an arrangement with Ascensus (formerly BISYS Retirement); |
• | Other retirement plans whose accounts are held through an arrangement with Sammons Financial Network sm LLC; |
• | Other retirement plans, non-qualified brokerage accounts, and other accounts that are opened through an arrangement with Transamerica Retirement Investment Advisors, Transamerica Retirement Solutions Corp. or Clark Consulting; |
• | Other individual retirement accounts held in the Merrill Lynch Investor Choice Annuity (IRA Series) with Transamerica Advisors Life Insurance Company and Transamerica Advisors Life Insurance Company of New York; and |
• | Certain financial intermediaries who have entered into an agreement with TCI to offer shares to self-directed investment brokerage accounts that may or may not charge a transaction fee to their customers. |
• | Following the death of the shareholder on redemptions from the deceased person’s account only. If this deceased person’s account is re-registered to another name, sales charges would continue to apply to this new account. The transfer agent will require satisfactory proof of death before it determines to waive the CDSC fee. |
• | Following the total disability of the shareholder (as determined by the Social Security Administration — applies only to shares held at the time the disability is determined). The transfer agent will require satisfactory proof of disability before it determines to waive the CDSC fee. |
• | On redemptions made under Transamerica Funds’ systematic withdrawal plan (may not exceed, on an annual basis, 12% of the account value per fund on the day the systematic withdrawal plan was established). |
• | If you redeem your shares and reinvest the proceeds in the same class of any fund within 90 days of redeeming, the sales charge on the first redemption is waived. |
• | For clients of broker-dealers that redeem Class C shares for which the selling broker-dealer was not paid an up-front commission by TCI. |
Account Balance (per fund account) | Fee Assessment (per fund account) |
If your balance is below $1,000 per fund account, including solely due to declines in NAV | $25 annual fee assessed, until balance reaches $1,000 |
• | accounts opened within the preceding 12 months |
• | accounts with an active monthly Automatic Investment Plan or payroll deduction ($50 minimum per fund account) |
• | accounts owned by an individual that, when combined by Social Security Number, have a balance of $5,000 or more |
• | accounts owned by individuals in the same household (by address) that have a combined balance of $5,000 or more |
• | accounts for which Transamerica Funds in its discretion has waived the minimum account balance requirements |
• | UTMA/UGMA accounts (held at Transamerica Funds) |
• | State Street Custodial Accounts (held at Transamerica Funds) |
• | Coverdell ESA accounts (held at Transamerica Funds) |
• | Omnibus and Network Level 3 accounts |
• | You request a redemption or distribution transaction totaling more than $100,000 or, in the case of an IRA with a market value in excess of $100,000, you request a custodian to custodian transfer. |
• | You would like a check made payable to anyone other than the shareholder(s) of record. |
• | You would like a check mailed to an address which has been changed within 10 days of the redemption request. |
• | You would like a check mailed to an address other than the address of record. |
• | You would like your redemption proceeds wired to a bank account other than a bank account of record. |
• | You are adding or removing a shareholder from an account. |
• | You are changing ownership of an account. |
• | When establishing an electronic bank link, if the Transamerica Funds’ account holder’s name does not appear on the check. |
• | Transactions requiring supporting legal documentation. |
• | It does not appear valid or in good form. |
• | The transaction amount exceeds the surety bond limit of the signature guarantee. |
• | The guarantee stamp has been reported as stolen, missing or counterfeit. |
• | Class A Shares – Up to 0.25%. (Transamerica Enhanced Muni and Transamerica High Yield Muni will waive 0.10% of the 0.25% 12b-1 fee on Class A shares through March 1, 2015) |
• | Class B Shares – Up to 1.00% |
• | Class C Shares – Up to 1.00%. (Transamerica Enhanced Muni and Transamerica High Yield Muni will waive 0.25% of the 1.00% 12b-1 fee on Class C shares through March 1, 2015) |
• | Class R Shares – Up to 0.50% |
• | Distributions of net capital gain (i.e., the excess of net long-term capital gain over net short-term capital loss) will be taxed as long-term capital gains at rates of up to 20%, regardless of how long the shareholders have held their shares. |
• | Distributions reported as paid from a fund’s “qualified dividend income” may be taxable to shareholders as qualified dividend income at rates of up to 20%. Qualified dividend income generally is income derived from certain dividends from U.S. corporations or certain foreign corporations that are either incorporated in a U.S. possession or eligible for tax benefits under certain U.S. income tax treaties. In addition, dividends that a fund receives in respect of stock of certain foreign corporations will be qualified dividend income if that stock is readily tradable on an established U.S. securities market. A shareholder (and the fund in which the shareholder invests) will have to satisfy certain holding period requirements in order to obtain the benefit of the tax rates applicable to qualified dividend income. |
• | Distributions from tax-exempt interest income, called “exempt-interest dividends,” are exempt from regular federal income tax and, in general, are not tax preference items for purposes of the federal alternative minimum tax (the “AMT”). Exempt-interest dividends distributed to corporate shareholders may result in increased liability under the AMT as applied to corporations. |
• | Distributions in excess of a fund’s earnings and profits will, as to each shareholder, be treated as a return of capital to the extent of the shareholder’s basis in his or her fund shares, and as a capital gain thereafter (assuming the shareholder holds the shares as capital assets). A distribution treated as a return of capital will not be taxable currently but will reduce the shareholder’s tax basis in his or her shares, which will generally increase the gain (or decrease the loss) that will be recognized on a subsequent sale or exchange of the shares. |
• | Other distributions generally will be taxed at ordinary income tax rates. |
• | Information we receive from you on applications or other forms, such as your name, address, and account number; |
• | Information about your transactions with us, our affiliates, or others, such as your account balance and purchase/redemption history; and |
• | Information we receive from non-affiliated third parties, including consumer reporting agencies. |
Fund | Ticker |
Transamerica Mid Cap Value Opportunities | [___] |
Neither the U.S. Securities and Exchange Commission, Commodity Futures Trading Commission, nor any state securities commission has approved or disapproved these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense. |
Not insured by FDIC or any federal government agency. | May lose value. | Not a deposit of or guaranteed by any bank, bank affiliate, or credit union. |
Shareholder Fees (fees paid directly from your investment) | |
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | None |
Maximum deferred sales charge (load) (as a percentage of purchase price or redemption proceeds, whichever is lower) | None |
a | Other expenses are based on estimates for the current fiscal year. |
1 year | 3 years |
$[__] | $[__] |
• | Active Trading – The fund is actively managed and may purchase and sell securities without regard to the length of time held. Active trading may have a negative impact on performance by increasing transaction costs and may generate greater amounts of net short-term capital gains, which, for shareholders holding shares in taxable accounts, would be subject to tax at ordinary income tax rates upon distribution. |
• | Cash Management and Defensive Investing – The value of investments held by the fund for cash management or defensive investing purposes can fluctuate. Like other fixed income securities, cash and cash equivalent securities are subject to risk, including market, interest rate and credit risk. If the fund holds cash uninvested, the fund will be subject to the credit risk of the depository institution holding the cash, it will not earn income on the cash and the fund’s yield will go down. To the extent that the fund’s assets are used for cash management or defensive investing purposes, it may not achieve its objective. |
• | Convertible Securities – Convertible securities share investment characteristics of both fixed income and equity securities. However, the value of these securities tends to vary more with fluctuations in the value of the underlying common stock than with fluctuations in interest rates. The value of convertible securities also tends to exhibit lower volatility than the underlying common stock. Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. The fund could lose money if the issuer of a convertible security is unable to meet its financial obligations or goes bankrupt. |
• | Currency – The value of the fund’s securities denominated in foreign currencies fluctuates as the rates of exchange between those currencies and the U.S. dollar change. Currency conversion costs and currency fluctuations could reduce or eliminate investment gains or add to investment losses. Currency exchange rates can be volatile and are affected by, among other factors, the general economics of a country, the actions of the U.S. and foreign governments or central banks, the imposition of currency controls, and speculation. |
• | Depositary Receipts – Depositary receipts may be less liquid than the underlying shares in their primary trading market. Any distributions paid to the holders of depositary receipts are usually subject to a fee charged by the depositary. Holders of depositary receipts may have limited voting rights, and investment restrictions in certain countries may adversely impact the value of depositary receipts because such restrictions may limit the ability to convert equity shares into depositary receipts and vice versa. Such restrictions may cause equity shares of the underlying issuer to trade at a discount or premium to the market price of the depositary receipts. |
• | Equity Securities – Equity securities represent an ownership interest in an issuer, rank junior in a company’s capital structure and consequently may entail greater risk of loss than debt securities. Equity securities include common and preferred stocks. Stock markets are volatile. The price of equity securities fluctuates based on changes in a company’s financial condition and overall market and economic conditions. If the market prices of the equity securities owned by the fund fall, the value of your investment in the fund will decline. |
• | Expenses – Your actual costs of investing in the fund may be higher than the expenses shown in this prospectus for a variety of reasons. For example, expense ratios may be higher than those shown if overall net assets decrease. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile. |
• | Foreign Investments – Investing in securities of foreign issuers or issuers with significant exposure to foreign markets involves additional risk. Foreign countries may have markets that are less liquid, less regulated and more volatile than U.S. markets. The value of the fund’s investments may decline because of factors affecting the particular issuer as well as foreign markets and issuers generally, such as unfavorable government actions, political or financial instability or other adverse economic or political developments. Lack of information and weaker accounting standards also may affect the value of these securities. |
• | Manager – The sub-adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses employed by the sub-adviser may not produce the desired results. This could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. |
• | Market – The market prices of the fund's securities may go up or down, sometimes rapidly or unpredictably, due to general market conditions, such as real or perceived adverse economic or political conditions, inflation, changes in interest rates or currency rates, lack of liquidity in the markets or adverse investor sentiment. Adverse market conditions may be prolonged and may not have the same impact on all types of securities. Market prices of securities also may go down due to events or conditions that affect particular sectors, industries or issuers. When market prices fall, the value of your investment will go down. The fund may experience a substantial or complete loss on any individual security. The global financial crisis that began in 2008 has caused a significant decline in the value and liquidity of many securities and unprecedented volatility in the markets. Governmental and non-governmental issuers (notably in Europe) have defaulted on, or been forced to restructure their debts; and many other issuers have faced difficulties obtaining credit or refinancing existing obligations. These market conditions may continue, worsen or spread, including in the United States, Europe and elsewhere. Further defaults or restructurings by governments and others of their debt could have additional adverse effects on economies, financial markets and asset valuations around the world. In response to the crisis, the U.S. government and the Federal Reserve, as well as certain foreign governments and their central banks have taken steps to support financial markets, including by keeping interest rates low. The withdrawal of this support, failure of efforts in response to the crisis, or investor perception that such efforts are not succeeding could negatively affect financial markets generally as well as reduce the value and liquidity of certain securities. This environment could make identifying investment risks and opportunities especially difficult for the sub-adviser. Whether or not the fund invests in securities of issuers located in or with significant exposure to countries experiencing economic and financial difficulties, the value and liquidity of the fund's investments may be negatively affected. In addition, policy and legislative changes in the United States and in other countries are affecting many aspects of financial regulation. The impact of these changes on the markets, and the practical implications for market participants, may not be fully known for some time. |
• | Medium Capitalization Companies – The fund will be exposed to additional risks as a result of its investments in the securities of medium capitalization companies. Investing in medium capitalization companies involves greater risk than is customarily associated with more established companies. The prices of securities of medium capitalization companies generally are more volatile and are more likely to be adversely affected by changes in earnings results and investor expectations or poor economic or market conditions. Securities of medium capitalization companies may underperform larger capitalization companies, may be harder to sell at times and at prices the portfolio managers believe appropriate and may offer greater potential for losses. |
• | New Fund – The fund is newly formed. Investors in the fund bear the risk that the sub-adviser may not be successful in implementing its investment strategy, and may not employ a successful investment strategy, or that the fund may fail to attract sufficient assets under management to realize economies of scale, any of which could result in the fund being liquidated at any time without shareholder approval and at a time that may not be favorable for all shareholders. |
• | Portfolio Selection – The value of your investment may decrease if the sub-adviser’s judgment about the quality, relative yield, value or market trends affecting a particular security or issuer, industry, sector, region or market segment, or about the economy or interest rates is incorrect. |
• | Preferred Stock – Preferred stock’s right to dividends and liquidation proceeds is junior to the rights of a company’s debt securities. The value of preferred stock may be subject to factors that affect fixed income and equity securities, including changes in interest rates and in a company’s creditworthiness. The value of preferred stock tends to vary more with fluctuations in the underlying common stock and less with fluctuations in interest rates and tends to exhibit greater volatility. Shareholders of preferred stock may suffer a loss of value if dividends are not paid and have limited voting rights. |
• | Value Investing – The prices of securities the sub-adviser believes are undervalued may not appreciate as anticipated or may go down. Value stocks as a group may be out of favor and underperform the overall equity market for a long period of time, for example, while the market favors “growth” stocks. |
Investment Adviser: | Sub-Adviser: | |
Transamerica Asset Management, Inc. | Thompson, Siegel & Walmsley LLC | |
Portfolio Manager: | ||
Brett P. Hawkins, CFA, Portfolio Manager since 2014 |
(1) | employ a new unaffiliated sub-adviser for a fund pursuant to the terms of a new investment sub-advisory agreement, either as a replacement for an existing sub-adviser or as an additional sub-adviser; |
(2) | materially change the terms of any sub-advisory agreement; and |
(3) | continue the employment of an existing sub-adviser on sub-advisory contract terms where a contract has been assigned because of a change of control of the sub-adviser. |
Fund | Sub-Adviser | Sub-Adviser Address |
Transamerica Mid Cap Value Opportunities | Thompson, Siegel & Walmsley LLC |
6806
Paragon Place
Suite 300 Richmond, VA 23230 |
Name | Sub-Adviser | Positions Over Past Five Years |
Brett P. Hawkins, CFA | Thompson, Siegel & Walmsley LLC |
Portfolio
Manager of the fund since 2014;
Portfolio Manager at Thompson, Siegel & Walmsley LLC since 2001 |
1 Year | 5 Years | 10 Years | |
Thompson, Siegel & Walmsley LLC: Mid Cap Value (gross of all expenses and sales charges) | [__] | [__] | [__] |
Thompson, Siegel & Walmsley LLC: Mid Cap Value (net of expenses and sales charges) | [__] | [__] | [__] |
Thompson, Siegel & Walmsley LLC: Mid Cap Value (net of expenses and excluding sales charges) | [__] | [__] | [__] |
Russell Midcap ® Value Index (reflects no deduction for fees, expenses or taxes) | [__] | [__] | [__] |
• | Customer Service: 1-888-233-4339 |
• | Internet: www.transamericafunds.com |
• | Fax: 1-888-329-4339 |
Mailing Address: |
Transamerica
Fund Services, Inc.
P.O. Box 219945 Kansas City, MO 64121-9945 |
Overnight Address: |
Transamerica
Fund Services, Inc.
330 W. 9th Street Kansas City, MO 64105 |
• | Make your check payable and send to Transamerica Fund Services, Inc. |
• | If you are purchasing shares in an existing account(s), please reference your account number(s) and the Transamerica fund(s) in which you wish to invest. If you do not specify the fund(s) in which you wish to invest, and your referenced account is invested in one fund, your check will be deposited into such fund. |
• | Redemption proceeds will be withheld for 15 calendar days from the date of purchase for funds to clear. Certain exceptions may apply. |
• | Transamerica Funds does not accept money orders, traveler’s checks, starter checks, credit card convenience checks or cash. Cashier’s checks and third-party checks may be accepted, subject to approval by Transamerica Funds. |
• | With an Automatic Investment Plan (“AIP”), a level dollar amount is invested monthly and payment is deducted electronically from your bank account. Due to your bank’s requirements, please allow up to 30 days for your AIP to begin. Investments may be made between the 3rd and 28th of each month only, and will occur on the 15th if no selection is made. Call Customer Service for information on how to establish an AIP or visit our website to obtain an AIP request form. |
• | You may request an electronic transfer of funds from your bank account to your Transamerica Funds account. The electronic bank link option must be established in advance before Automated Clearing House (“ACH”) purchases will be accepted. Call Customer Service or visit our website at www.transamericafunds.com for information on how to establish an electronic bank link. Due to your bank’s requirements, please allow up to 30 days to establish this option. |
• | If your dealer has already established your account for you, no additional documentation is needed. Call your dealer to place your order. Transamerica Funds must receive your payment within three business days after your order is accepted. |
• | You may request an electronic transfer of funds from your bank account to your Transamerica Funds account. The electronic bank link option must be established in advance before ACH purchases will be accepted. Call Customer Service or visit our website at www.transamericafunds.com for information on how to establish an electronic bank link. |
• | You may have money transferred regularly from your payroll to your Transamerica Funds account. Call Customer Service to establish this option. |
• | You may request that your bank wire funds to your Transamerica Funds account (note that your bank may charge a fee for such service). You must have an existing account to make a payment by wire transfer. Ask your bank to send your payment to: |
State Street Bank
and Trust Company, Boston, MA, ABA#011000028
Credit: Transamerica Funds Acct #00418533 Ref: Shareholder name, Transamerica fund and account numbers. |
|
• | Shares will be purchased at the next determined public offering price after receipt of your wire if you have supplied all other required information. |
• | You may request an “ACH redemption” in writing, by phone or by internet access to your account. Payment should usually be received by your bank account 2-4 banking days after your request is received in good order. Transamerica Funds does not charge for this payment option. Certain IRAs and qualified retirement plans may not be eligible via the internet. |
• | You may request an expedited wire redemption in writing or by phone. The electronic bank link must be established in advance. Otherwise, an original signature guarantee will be required. Wire redemptions have a minimum of $1,000 per wire. Payment should be received by your bank account the next banking day after your request is received in good order. Transamerica Funds charges $10 for this service. Your bank may charge a fee as well. |
• | Written Request – Send a letter requesting a withdrawal to Transamerica Funds. Specify the fund, account number, and dollar amount or number of shares you wish to redeem. Be sure to include all shareholders’ signatures and any additional documents, as well as an original signature guarantee(s) if required. If you are requesting a distribution from an IRA, federal tax withholding of 10% will apply unless you elect otherwise. If you elect to withhold, the minimum tax withholding rate is 10%. |
• | Telephone or Internet Request – You may request your redemption by phone or internet. Certain IRAs and qualified retirement plans may not be eligible. |
• | This request must be in writing, regardless of amount, signed by all account owners with an original signature guarantee. |
• | You can establish a Systematic Withdrawal Plan (“SWP”) either at the time you open your account or at a later date. Call Customer Service for information on how to establish a SWP, or visit our website to obtain the appropriate form to complete. |
• | You may redeem your shares through an authorized dealer (they may impose a service charge). Contact your Registered Representative or call Customer Service for assistance. |
• | The type of account you have and if there is more than one shareholder. |
• | The dollar amount you are requesting; redemptions over $50,000 must be in writing and those redemptions totaling more than $100,000 require a written request with an original signature guarantee for all shareholders on the account. |
• | A written request and original signature guarantee may be required if there have been recent changes made to your account (such as an address change) or other such circumstances. For your protection, if an address change was made in the last 10 days, Transamerica Funds requires a redemption request in writing, signed by all account owners with an original signature guarantee. |
• | When redeeming all shares from an account with an active AIP, your AIP will automatically be stopped. Please contact Customer Service if you wish to re-activate your AIP. |
• | Each fund reserves the right to refuse a telephone redemption request if it is believed it is advisable to do so. The telephone redemption option may be suspended or terminated at any time without advance notice. |
• | Redemption proceeds will be withheld for 15 calendar days from the date of purchase for funds to clear. Certain exceptions may apply. |
• | Shares will normally be redeemed for cash, although each fund retains the right to redeem its shares in kind. Please see the SAI for more details. |
• | If you request that a withdrawal check be delivered overnight, a $20 overnight fee will be charged; for Saturday delivery, a $30 overnight fee will be charged. |
• | You request a redemption or distribution transaction totaling more than $100,000 or, in the case of an IRA with a market value in excess of $100,000, you request a custodian to custodian transfer. |
• | You would like a check made payable to anyone other than the shareholder(s) of record. |
• | You would like a check mailed to an address which has been changed within 10 days of the redemption request. |
• | You would like a check mailed to an address other than the address of record. |
• | You would like your redemption proceeds wired to a bank account other than a bank account of record. |
• | You are adding or removing a shareholder from an account. |
• | You are changing ownership of an account. |
• | When establishing an electronic bank link, if the Transamerica Funds’ account holder’s name does not appear on the check. |
• | Transactions requiring supporting legal documentation. |
• | It does not appear valid or in good form. |
• | The transaction amount exceeds the surety bond limit of the signature guarantee. |
• | The guarantee stamp has been reported as stolen, missing or counterfeit. |
• | Distributions of net capital gain (i.e., the excess of net long-term capital gain over net short-term capital loss) will be taxed as long-term capital gains at rates of up to 20%, regardless of how long the shareholders have held their shares. |
• | Distributions reported as paid from a fund’s “qualified dividend income” may be taxable to shareholders as qualified dividend income at rates of up to 20%. Qualified dividend income generally is income derived from certain dividends from U.S. corporations or certain foreign corporations that are either incorporated in a U.S. possession or eligible for tax benefits under certain U.S. income tax treaties. In addition, dividends that a fund receives in respect of stock of certain foreign corporations will be qualified dividend income if that stock is readily tradable on an established U.S. securities market. A shareholder (and the fund in which the shareholder invests) will have to satisfy certain holding period requirements in order to obtain the benefit of the tax rates applicable to qualified dividend income. |
• | Distributions from tax-exempt interest income, called “exempt-interest dividends,” are exempt from regular federal income tax and, in general, are not tax preference items for purposes of the federal alternative minimum tax (the “AMT”). Exempt-interest dividends distributed to corporate shareholders may result in increased liability under the AMT as applied to corporations. |
• | Distributions in excess of a fund’s earnings and profits will, as to each shareholder, be treated as a return of capital to the extent of the shareholder’s basis in his or her fund shares, and as a capital gain thereafter (assuming the shareholder holds the shares as capital assets). A distribution treated as a return of capital will not be taxable currently but will reduce the shareholder’s tax basis in his or her shares, which will generally increase the gain (or decrease the loss) that will be recognized on a subsequent sale or exchange of the shares. |
• | Other distributions generally will be taxed at ordinary income tax rates. |
• | Information we receive from you on applications or other forms, such as your name, address, and account number; |
• | Information about your transactions with us, our affiliates, or others, such as your account balance and purchase/redemption history; and |
• | Information we receive from non-affiliated third parties, including consumer reporting agencies. |
Fund |
Class
A
Ticker |
Class
B
Ticker |
Class
C
Ticker |
Class
I
Ticker |
Class
I2
Ticker |
|||||
Transamerica Mid Cap Value Opportunities | [___] | None | [___] | [___] | None |
• | Financial Instruments are subject to the risk that the market value of the derivative itself or the market value of underlying instruments will change in a way adverse to a fund’s interest. Many Financial Instruments are complex, and successful use of them depends in part upon the sub-adviser’s ability to forecast correctly future market trends and other financial or economic factors or the value of the underlying security, index, interest rate or currency. Even if a sub-adviser’s forecasts are correct, other factors may cause distortions or dislocations in the markets that result in unsuccessful transactions. Financial Instruments may behave in unexpected ways, especially in abnormal or volatile market conditions. |
• | A fund may be required to maintain assets as “cover,” maintain segregated accounts, post collateral or make margin payments when it takes positions in Financial Instruments. Assets that are segregated or used as cover, margin or collateral may be required to be in the form of cash or liquid securities, and typically may not be sold while the position in the Financial Instrument is open unless they are replaced with other appropriate assets. If markets move against a fund’s position, the fund may be required to maintain or post additional assets and may have to dispose of existing investments to obtain assets acceptable as collateral or margin. This may prevent it from pursuing its investment objective. Assets that are segregated or used as cover, margin or collateral typically are invested, and these investments are subject to risk and may result in losses to a fund. These losses may be substantial, and may be in addition to losses incurred by using the Financial Instrument in question. If a fund is unable to close out its positions, it may be required to continue to maintain such assets or accounts or make such payments until the positions expire or mature, and the fund will continue to be subject to investment risk on the assets. Segregation, cover, margin and collateral requirements may impair a fund’s ability to sell a portfolio security or make an investment at a time when it would otherwise be favorable to do so, or require the fund to sell a portfolio security or close out a derivatives position at a disadvantageous time or price. |
• | A fund’s ability to close out or unwind a position in a Financial Instrument prior to expiration or maturity depends on the existence of a liquid market or, in the absence of such a market, the ability and willingness of the other party to the transaction (the “counterparty”) to enter into a transaction closing out the position. If there is no market or a fund is not successful in its negotiations, a fund may not be able to sell or unwind the derivative position at a particular time or at an anticipated price. This may also be the case if the counterparty to the Financial Instrument becomes insolvent. A fund may be required to make delivery of portfolio securities or other assets underlying a Financial Instrument in order to close out a position or to sell portfolio securities or assets at a disadvantageous time or price in order to obtain cash to close out the position. While the position remains open, a fund continues to be subject to investment risk on the Financial Instrument. A fund may or may not be able to take other actions or enter into other transactions, including hedging transactions, to limit or reduce its exposure to the Financial Instrument. |
• | Certain Financial Instruments transactions may have a leveraging effect on a fund, and adverse changes in the value of the underlying security, index, interest rate, currency or other instrument or measure can result in losses substantially greater than the amount invested in the Financial Instrument itself. When a fund engages in transactions that have a leveraging effect, the value of the fund is likely to be more volatile and all other risks also are likely to be compounded. This is because leverage generally magnifies the effect of any increase or decrease in the value of an asset and creates investment risk with respect to a larger pool of assets than a fund would otherwise have. Certain Financial Instruments have the potential for unlimited loss, regardless of the size of the initial investment. |
• | Many Financial Instruments may be difficult to value or may be valued subjectively. Inaccurate valuations can result in increased payment requirements to counterparties or a loss of value to a fund. |
• | Liquidity risk exists when a particular Financial Instrument is difficult to purchase or sell. If a derivative transaction is particularly large or if the relevant market is illiquid, a fund may be unable to initiate a transaction or liquidate a position at an advantageous time or price. Certain Financial Instruments, including certain over-the-counter (or “OTC”) options and swaps, may be considered illiquid and therefore subject to a fund’s limitation on investments in illiquid securities. |
• | In a hedging transaction there may be imperfect correlation, or even no correlation, between the identity, price or price movements of a Financial Instrument and the identity, price or price movements of the investments being hedged. This lack of correlation may cause the hedge to be unsuccessful and may result in a fund incurring substantial losses and/or not achieving anticipated gains. |
• | Hedging strategies can reduce opportunity for gain by offsetting the positive effect of favorable price movements. Even if the strategy works as intended, a fund might be in a better position had it not attempted to hedge at all. |
• | Financial Instruments transactions used for non-hedging purposes may result in losses which would not be offset by increases in the value of portfolio securities or declines in the cost of securities to be acquired. In the event that a fund enters into a derivatives transaction as an alternative to purchasing or selling other investments or in order to obtain desired exposure to an index or market, the fund will be exposed to the same risks as are incurred in purchasing or selling the other investments directly, as well as the risks of the derivatives transaction itself. |
• | Certain Financial Instruments transactions involve the risk of loss resulting from the insolvency or bankruptcy of the counterparty or the failure by the counterparty to make required payments or otherwise comply with the terms of the contract. In the event of default by a counterparty, a fund may have contractual remedies pursuant to the agreements related to the transaction, which may be limited by applicable law in the case of the counterparty’s bankruptcy. |
• | Certain Financial Instruments transactions, including certain options, swaps, forward contracts, and certain options on foreign currencies, are not entered into or traded on exchanges or in markets regulated by the CFTC or the SEC. Instead, such OTC derivatives are entered into directly by the counterparties and may be traded only through financial institutions acting as market makers. Many of the protections afforded to exchange participants will not be available to participants in OTC derivatives transactions. For example, OTC derivatives transactions are not subject to the guarantee of an exchange or clearinghouse and as a result a fund bears greater risk of default by the counterparties to such transactions. Information available on counterparty creditworthiness may be incomplete or outdated, thus reducing the ability to anticipate counterparty defaults. |
• | Swap contracts involve special risks. Swaps may in some cases be illiquid. In the absence of a central exchange or market for swap transactions, they may be difficult to trade or value, especially in the event of market disruptions. The Dodd-Frank Act established a |
comprehensive new regulatory framework for swaps. Under this framework, regulation of the swap market is divided between the SEC and the CFTC. The SEC and CFTC have approved a number rules and interpretations as part of the establishment of this new regulatory regime. It is possible that developments in the swap market, including these new or additional regulations, could adversely affect a fund’s ability to terminate existing swap agreements or to realize amounts to be received under such agreements. Credit default swaps involve additional risks. For example, credit default swaps increase credit risk since a fund has exposure to both the issuer of the referenced obligation (typically a debt obligation) and the counterparty to the credit default swap. | |
• | Financial Instruments involve operational risk. There may be incomplete or erroneous documentation or inadequate collateral or margin, or transactions may fail to settle. The risk of operational failures may be higher for OTC derivatives transactions. For derivatives not guaranteed by an exchange, a fund may have only contractual remedies in the event of a counterparty default, and there may be delays, costs, disagreements as to the meaning of contractual terms and litigation, in enforcing those remedies. |
• | Financial Instruments transactions conducted outside the United States may not be conducted in the same manner as those entered into on U.S. exchanges, and may be subject to different margin, exercise, settlement or expiration procedures. Many of the risks of OTC derivatives transactions are also applicable to derivatives transactions conducted outside the United States. Derivatives transactions conducted outside the United States also are subject to the risks affecting foreign securities, currencies and other instruments. |
• | Financial Instruments involving currency are subject to additional risks. Currency related transactions may be negatively affected by government exchange controls, blockages, and manipulations. Exchange rates may be influenced by factors extrinsic to a country’s economy. Also, there is no systematic reporting of last sale information with respect to foreign currencies. As a result, the information on which trading in currency derivatives is based may not be as complete as, and may be delayed beyond, comparable data for other transactions. |
• | Use of Financial Instruments involves transaction costs, which may be significant. Use of Financial Instruments also may increase the amount of income that would be subject to tax when distributed by a fund to taxable shareholders. |
Name | Frequency | |
Advent Software, Inc. | Daily | |
Evare | Daily | |
Morningstar Associates, LLC | Daily | |
Lipper, Inc. | Quarterly | |
Thompson Financial, Ltd. | Quarterly | |
Bloomberg | Quarterly |
• | Top Ten Holdings – A fund’s top ten holdings and the total percentage of the fund such aggregate holdings represent. |
• | Sector Holdings – A fund’s sector information and the total percentage of the fund held in each sector. |
• | Other Portfolio Characteristic Data – Any other analytical data with respect to a fund that does not identify any specific portfolio holding. |
• | Funds of ETFs and Funds of Funds – For any fund whose investments (other than cash alternatives) consist solely of shares of ETFs or other Funds, no sooner than 10 days after the end of a month the names of the ETFs or Funds held as of the end of that month and the percentage of the fund’s net assets held in each ETF or Fund as of the end of that month. |
Name
and
Year of Birth |
Position(s)
Held with Trust |
Term
of
Office and Length of Time Served* |
Principal
Occupation(s)
During Past Five Years |
Number
of
Funds in Complex Overseen by Board Member |
Other
Directorships During the Past Five Years |
INTERESTED BOARD MEMBERS — continued | |||||
Thomas
A. Swank
(continued) |
(2010
– present);
Director, Chairman of the Board and President, Transamerica Advisors Life Insurance Company of New York (2010 – present); Director and President, Transamerica Resources, Inc. (2010 – present); Executive Vice President, Transamerica Life Insurance Company (2010 – present); Executive Vice President, Transamerica Financial Life Insurance Company (2009 – present); Director, Transamerica Capital, Inc. (2009 – present); and President and Chief Operating Officer (2007 – 2009), Senior Vice President, Chief Marketing Officer (2006 – 2007), Senior Vice President, Chief Financial Officer (2003 – 2006), Senior Vice President, Chief Risk Officer (2000 – 2003), Senior Vice President, Chief Investment Officer (1997 – 2000), and High Yield Portfolio Manager (1992 – 1997), Security Benefit Corporation. |
||||
Alan
F. Warrick
(1948) |
Board Member | Since 2012 |
Board
Member, Transamerica Funds, TST, TIS, TPP, TPFG,
TPFG II and TAAVF (2012 – present); Consultant, Aegon USA (2010 – 2011); Senior Advisor, Lovell Minnick Equity Partners (2010 – present); Retired (2010 – present); and Managing Director for Strategic Business Development, Aegon USA (1994 – 2010). |
[177] | First Allied Holdings Inc. (2013 – present) |
INDEPENDENT BOARD MEMBERS | |||||
Sandra
N. Bane
(1952) |
Board Member | Since 2008 |
Retired
(1999 – present);
Board Member, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2008 – present); Board Member, Transamerica Investors, Inc. (“TII”) (2003 – 2010); and |
[177] |
Big
5 Sporting Goods (2002 – present);
AGL Resources, Inc. (energy services holding company) (2008 – present) |
Name
and
Year of Birth |
Position(s)
Held with Trust |
Term
of
Office and Length of Time Served* |
Principal
Occupation(s)
During Past Five Years |
Number
of
Funds in Complex Overseen by Board Member |
Other
Directorships During the Past Five Years |
INDEPENDENT BOARD MEMBERS — continued | |||||
Sandra
N. Bane
(continued) |
Partner, KPMG (1975 – 1999). | ||||
Leo
J. Hill
(1956) |
Lead
Independent Board Member |
Since 2002 |
Principal,
Advisor Network Solutions, LLC (business consulting) (2006 – present);
Board Member, TST (2001 – present); Board Member, Transamerica Funds and TIS (2002 – present); Board Member, TPP, TPFG, TPFG II and TAAVF (2007 – present); Board Member, TII (2008 – 2010); President, L. J. Hill & Company (a holding company for privately-held assets) (1999 – present); Market President, Nations Bank of Sun Coast Florida (1998 – 1999); Chairman, President and Chief Executive Officer, Barnett Banks of Treasure Coast Florida (1994 – 1998); Executive Vice President and Senior Credit Officer, Barnett Banks of Jacksonville, Florida (1991 – 1994); and Senior Vice President and Senior Loan Administration Officer, Wachovia Bank of Georgia (1976 – 1991). |
[177] |
Ameris
Bancorp (2013 – present);
Ameris Bank (2013 – present) |
David
W. Jennings
(1946) |
Board Member | Since 2009 |
Board
Member, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2009 – present);
Board Member, TII (2009 – 2010); Managing Director, Hilton Capital (2010 – present); Principal, Maxam Capital Management, LLC (2006 – 2008); and Principal, Cobble Creek Management LP (2004 – 2006). |
[177] | N/A |
Russell
A. Kimball, Jr
(1944) |
Board Member | 1986 – 1990 and Since 2002 |
General
Manager, Sheraton Sand Key Resort (1975 – present);
Board Member, TST (1986 – present); Board Member, Transamerica Funds, (1986 – 1990), (2002 – present); Board Member, TIS |
[177] | N/A |
Name
and
Year of Birth |
Position(s)
Held with Trust |
Term
of
Office and Length of Time Served* |
Principal
Occupation(s)
During Past Five Years |
Number
of
Funds in Complex Overseen by Board Member |
Other
Directorships During the Past Five Years |
INDEPENDENT BOARD MEMBERS — continued | |||||
Russell
A. Kimball, Jr
(continued) |
(2002
– present);
Board Member, TPP, TPFG, TPFG II and TAAVF (2007 – present); and Board Member, TII (2008 – 2010). |
||||
Eugene
M. Mannella
(1954) |
Board Member | Since 2007 |
Chief
Executive Officer, HedgeServ Corporation (hedge fund administration)
(2008 – present); Self-employed consultant (2006 – present); Managing Member and Chief Compliance Officer, HedgeServ Investment Services, LLC (limited purpose broker-dealer) (2011 – present); President, ARAPAHO Partners LLC (limited purpose broker-dealer) (1998 – 2008); Board Member, TPP, TPFG, TPFG II and TAAVF (1993 – present); Board Member, Transamerica Funds, TST and TIS (2007 – present); Board Member, TII (2008 – 2010); and President, International Fund Services (alternative asset administration) (1993 – 2005). |
[177] | N/A |
Norman
R. Nielsen, Ph.D.
(1939) |
Board Member | Since 2006 |
Retired
(2005 – present);
Board Member, Transamerica Funds, TST and TIS (2006 – present); Board Member, TPP, TPFG, TPFG II and TAAVF (2007 – present); Board Member, TII (2008 – 2010); Director, Aspire Inc. (formerly, Iowa Student Loan Service Corporation) (2006 – present); Director, League for Innovation in the Community Colleges (1985 – 2005); Director, Iowa Health Systems (1994 – 2003); Director, U.S. Bank (1985 – 2006); and President, Kirkwood Community College (1985 – 2005). |
[177] | Buena Vista University Board of Trustees (2004 – present) |
Name
and
Year of Birth |
Position(s)
Held with Trust |
Term
of
Office and Length of Time Served* |
Principal
Occupation(s)
During Past Five Years |
Number
of
Funds in Complex Overseen by Board Member |
Other
Directorships During the Past Five Years |
INDEPENDENT BOARD MEMBERS — continued | |||||
Joyce
G. Norden
(1939) |
Board Member | Since 2007 |
Retired
(2004 – present);
Board Member, TPFG, TPFG II and TAAVF (1993 – present); Board Member, TPP (2002 – present); Board Member, Transamerica Funds, TST and TIS (2007 – present); Board Member, TII (2008 – 2010); and Vice President, Institutional Advancement, Reconstructionist Rabbinical College (1996 – 2004). |
[177] |
Board
of Governors, Reconstructionist Rabbinical College
(2007 – 2012) |
Patricia
L. Sawyer
(1950) |
Board Member | Since 2007 |
Retired
(2007 – present);
President/Founder, Smith & Sawyer LLC (management consulting) (1989 – 2007); Board Member, Transamerica Funds, TST and TIS (2007 – present); Board Member, TII (2008 – 2010); Board Member, TPP, TPFG, TPFG II and TAAVF (1993 – present); Trustee, Chair of Finance Committee and Chair of Nominating Committee (1987 – 1996), Bryant University; Vice President, American Express (1987 – 1989); Vice President, The Equitable (1986 – 1987); and Strategy Consultant, Booz, Allen & Hamilton (1982 – 1986). |
[177] | Honorary Trustee, Bryant University (1996 – present) |
John
W. Waechter
(1952) |
Board Member | Since 2005 |
Attorney,
Englander Fischer (2008 – present);
Retired (2004 – 2008); Board Member, TST and TIS (2004 – present); Board Member, Transamerica Funds (2005 – present); Board Member, TPP, TPFG, TPFG II and TAAVF (2007 – present); Board Member, TII (2008 – 2010); Employee, RBC Dain Rauscher (securities dealer) (2004); Executive Vice President, Chief Financial Officer and Chief |
[177] |
Operation
PAR, Inc. (2008 – present);
West Central Florida Council – Boy Scouts of America (2008 – 2013) |
* | Each Board Member shall hold office until: 1) his or her successor is elected and qualified or 2) he or she resigns, retires or his or her term as a Board Member is terminated in accordance with the Trust’s Declaration of Trust. |
Name
and
Year of Birth |
Position |
Term
of Office
and Length of Time Served* |
Principal
Occupation(s) or Employment
During Past Five Years |
Thomas
A. Swank
(1960) |
Chairman, Board Member, President and Chief Executive Officer | Since 2012 | See Table Above. |
Timothy
S. Galbraith
(1964) |
Vice President and Chief Investment Officer, Alternative Investments | Since 2012 |
Vice
President and Chief Investment Officer, Alternative Investments, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF
(2012 – present); Senior Vice President and Chief Investment Officer, Alternative Investments (2012 – present), TAM; Head of Alternative Investment Strategies, Morningstar Associates, LLC (2009 –2012); and Managing Director, Bear Stearns Asset Management (2001 – 2009). |
Dennis
P. Gallagher
(1970) |
Vice President, General Counsel and Secretary | Since 2006 |
Vice
President, General Counsel and Secretary, Transamerica Funds, TST and TIS (2006 – present);
Vice President, General Counsel and Secretary, TPP, TPFG, TPFG II and TAAVF (2007 – present); Vice President, General Counsel and Secretary, TII, (2006 – 2010); Director, Senior Vice President, General Counsel, Operations and Secretary, TAM (2006 – present); Director, Senior Vice President, General Counsel, Chief Administrative Officer and Secretary, TFS (2006 – present); Assistant Vice President, TCI (2007 – present); Director, Deutsche Asset Management (1998 – 2006); and Corporate Associate, Ropes & Gray LLP (1995 – 1998). |
Todd
R. Porter
(1961) |
Vice President and Chief Investment Officer, Asset Allocation | Since 2012 |
Vice
President and Chief Investment Officer, Asset Allocation, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2012 – present);
Senior Vice President and Chief Investment Officer, |
Name
and
Year of Birth |
Position |
Term
of Office
and Length of Time Served* |
Principal
Occupation(s) or Employment
During Past Five Years |
Todd
R. Porter
(continued) |
Asset
Allocation (2012 – present), TAM;
Chief Investment Officer, Fund Architects, LLC (2007 – 2012); and Chief Investment Strategist, Morningstar Associates, LLC (1999 – 2006). |
||
Christopher
A. Staples
(1970) |
Vice
President and Chief
Investment Officer, Advisory Services |
Since 2005 |
Vice
President and Chief Investment Officer, Advisory Services (2007 – present), Senior Vice President – Investment Management (2006 – 2007), Vice President – Investment Management
(2005 – 2006), Transamerica Funds, TST and TIS; Vice President and Chief Investment Officer, Advisory Services, TPP, TPFG, TPFG II and TAAVF (2007 – present); Vice President and Chief Investment Officer (2007 – 2010); Vice President – Investment Administration (2005 – 2007), TII; Director (2005 – present), Senior Vice President (2006 – present) and Chief Investment Officer, Advisory Services (2007 – present), TAM; Director, TFS (2005 – present); and Assistant Vice President, Raymond James & Associates (1999 – 2004). |
Erin
E. King
(1976) |
Vice President, Chief Compliance Officer and Anti-Money Laundering Officer | Since 2013 |
Vice
President, Chief Compliance Officer and Anti-Money Laundering Officer, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2013 – present);
Vice President, Chief Compliance Officer and Chief Risk Officer, TAM (2013 – present); Vice President, TFS (2013 – present); Managing Director and Chief Compliance Officer, Guggenheim Partners Investment Management, LLC (2007 – 2013); Regulatory Affairs Compliance Officer, Western Asset Management Company (2004 – 2007); Compliance Officer, Citigroup Asset Management (2002 – 2004); and Compliance Examiner, National Association of Securities Dealers (now, FINRA) (1999 – 2002). |
Elizabeth
Strouse
(1974) |
Vice President, Treasurer and Principal Financial Officer | Since 2010 |
Vice
President, Treasurer and Principal Financial Officer (2011 – present), Assistant Treasurer
(2010 – 2011), Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF; Vice President and Chief Accounting Officer, TAM and TFS (2009 – present); Director, Fund Administration, TIAA-CREF (2007 – 2009); and Manager (2006 – 2007) and Senior (2003 – 2006) Accounting and Assurance, PricewaterhouseCoopers, LLC. |
Sarah
L. Bertrand
(1967) |
Assistant Secretary | Since 2009 |
Assistant
Secretary, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2009 – present);
Assistant Secretary, TII (2009 – 2010); |
Name
and
Year of Birth |
Position |
Term
of Office
and Length of Time Served* |
Principal
Occupation(s) or Employment
During Past Five Years |
Sarah
L. Bertrand
(continued) |
Assistant
Vice President and Director, Legal Administration, TAM and TFS (2007 – present);
Assistant Secretary and Chief Compliance Officer, 40|86 Series Trust and 40|86 Strategic Income Fund (2000 – 2007); and Second Vice President and Assistant Secretary, Legal and Compliance, 40|86 Capital Management, Inc. (1994 – 2007). |
||
Timothy
J. Bresnahan
(1968) |
Assistant Secretary | Since 2009 |
Assistant
Secretary, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2009 – present);
Assistant Secretary, TII (2009 – 2010); and Vice President and Senior Counsel, TAM (2008 – present). |
Richard
J. Wirth
(1958) |
Assistant Secretary | Since 2013 |
Assistant
Secretary, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2013 – present);
Director, Senior Vice President, Division General Counsel and Secretary, Transamerica Advisors Life Insurance Company (2012 – present); Senior Vice President and Division General Counsel, Transamerica Advisors Life Insurance Company of New York (2012 – present); Vice President and Division General Counsel, Transamerica Financial Life Insurance Company (2012 – present); Senior Vice President and Division General Counsel, Transamerica Life Insurance Company (2012 – present); Senior Vice President and Division General Counsel, Monumental Life Insurance Company (2012 – present); Senior Vice President and Division General Counsel, Western Reserve Life Assurance Co. of Ohio (2012 – present); Secretary, Aegon Financial Services Group, Inc. (2012 – present); and Assistant General Counsel, The Hartford (2004 – 2012). |
Maria
P. Sell
(1978) |
Assistant Treasurer | Since 2013 |
Assistant
Treasurer, Transamerica Funds, TST, TIS, TPP, TPFG, TPFG II and TAAVF (2013 – present);
Director, Fund Administration, TAM (2012 - present); Vice President, Fund Administration, J.P. Morgan (2010 – 2012); and Assurance Manager, PricewaterhouseCoopers LLP (2006 – 2010). |
* | Elected and serves at the pleasure of the Board of the Trust. |
Name | Fund |
Dollar
Range of Equity
Securities in the Fund |
Aggregate Dollar Range of Equity Securities in Transamerica Mutual Funds |
Independent Trustees | |||
Sandra N. Bane | $[__] | $[__] | |
Leo J. Hill | $[__] | $[__] | |
David W. Jennings | $[__] | $[__] | |
Russell A. Kimball, Jr. | $[__] | $[__] | |
Eugene M. Mannella | $[__] | $[__] |
Name | Fund |
Dollar
Range of Equity
Securities in the Fund |
Aggregate Dollar Range of Equity Securities in Transamerica Mutual Funds |
Norman R. Nielsen | $[__] | $[__] | |
Joyce G. Norden | $[__] | $[__] | |
Patricia L. Sawyer | $[__] | $[__] | |
John W. Waechter | $[__] | $[__] | |
Interested Trustees | |||
Thomas A. Swank | $[__] | $[__] | |
Alan F. Warrick | $[__] | $[__] |
Name |
Aggregate
Compensation |
Pension
or
Retirement Benefits Accrued as Part of Fund Expenses |
Total Compensation Paid To Trustee from Transamerica Mutual Funds |
Trustee | |||
Sandra N. Bane | $[__] | — | $[__] |
Leo J. Hill | $[__] | — | $[__] |
David W. Jennings | $[__] | — | $[__] |
Russell A. Kimball, Jr. | $[__] | — | $[__] |
Eugene M. Mannella | $[__] | — | $[__] |
Norman R. Nielsen | $[__] | — | $[__] |
Joyce G. Norden | $[__] | — | $[__] |
Patricia L. Sawyer | $[__] | — | $[__] |
John W. Waechter | $[__] | — | $[__] |
* | Of this aggregate compensation, the total amounts deferred from the funds (including earnings and dividends) and accrued for the benefit of the participating Trustees for the fiscal year ended October 31, 2013 were as follows: Sandra N. Bane, $[__]; Leo J. Hill, $[__]; David W. Jennings, $[__]; Russell A. Kimball, Jr., $[__]; Eugene M. Mannella, $[__]; Norman R. Nielsen, $[__]; Joyce G. Norden, $[__]; Patricia L. Sawyer, $[__]; and John W. Waechter, $[__]. |
Fund Name | Percentage of Average Daily Net Assets |
Transamerica Mid Cap Value Opportunities |
0.67%
of the first $750 million
0.665% over $750 million up to $1.5 billion 0.655% over $1.5 billion up to $2 billion 0.6475% in excess of $2 billion |
Fund Name | Expense Cap | Expiration Date of Expense Cap |
Transamerica Mid Cap Value Opportunities | 0.95% | April 30, 2015 |
Fund Name |
Advisory
Fees (after
waivers/expense reimbursements) |
Advisory
Fees
Waived/Expenses Reimbursed |
||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |
Transamerica Mid Cap Value Opportunities | N/A | N/A | N/A | N/A | N/A | N/A |
Fund | Sub-Adviser |
Sub-Advisory
Fee |
Transamerica Mid Cap Value Opportunities | Thompson, Siegel & Walmsley LLC |
0.275%
of the first $750 million
0.27% over $750 million up to $1.5 billion 0.265% over $1.5 billion up to $2 billion 0.26% in excess of $2 billion* |
Fund Name |
Sub-Advisory
Fees Paid
(Net of Fees Reimbursed) |
||
2013 | 2012 | 2011 | |
Transamerica Mid Cap Value Opportunities | N/A | N/A | N/A |
Fund Name | 2013 | 2012 | 2011 |
Transamerica Mid Cap Value Opportunities | N/A | N/A | N/A |
Class A, B, C, R, T* | |
Open Account | $21.00 |
Closed Account | $1.50 |
Class I* | |
Open Direct Account | $21.00 |
Open Networked Account | $8.00 |
Closed Account | $1.50 |
Sub-Transfer Agent and Omnibus Intermediary Fees | 10 bps |
Class I2 | |
Open Account | 0.75 bps |
Closed Account | N/A |
* | Applicable out-of pocket expenses, including, but not limited to, quarterly shareholder statements and postage, will be charged directly to the funds. |
Fund Name |
Commissions
Received
for the Period Ended October 31 |
Commissions
Retained
for the Period Ended October 31 |
||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |
Transamerica Mid Cap Value Opportunities | N/A | N/A | N/A | N/A | N/A | N/A |
Fund Name | For the Period Ended October 31, 2013 | |||
Net
Underwriting Discounts and Commissions |
Compensation
on Redemptions & Repurchases |
Brokerage
Commissions |
Other
Compensation |
|
Transamerica Mid Cap Value Opportunities | N/A | N/A | N/A | N/A |
(a) | No Dealer Reallowance is paid on purchases made on behalf of wrap accounts for the benefit of certain broker-dealers, financial institutions, or financial planners, who have entered into arrangements with Transamerica Funds or TCI, and for purchases made by a retirement plan described in Section 401(a), 401(k), 401(m), or 457 of the Code. |
• | Existing Class B shareholders may continue to exchange their Class B shares for Class B shares of other funds, subject to the requirements described in the prospectus. |
• | Existing Class B shareholders may continue to add to their accounts through dividend and capital gains reinvestments. |
Brokerage
Commissions Paid
(including affiliated commissions) |
Affiliated
Brokerage
Commissions Paid |
|||||
Fund Name | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 |
Transamerica Mid Cap Value Opportunities | N/A | N/A | N/A | N/A | N/A | N/A |
Fund Name | Paid as of October 31, 2013 |
Transamerica Mid Cap Value Opportunities | N/A |
• | Operational Issues |
• | Corporate Responsibility |
• | Board of Directors |
• | Consumer Issues and Public Safety |
• | Proxy Contests |
• | Environment and Energy |
• | Anti-takeover Defenses and Voting Related Issues |
• | General Corporate Issues |
• | Mergers and Corporate Restructurings |
• | Labor Standards and Human Rights |
• | State of Incorporation |
• | Military Business |
• | Capital Structure |
• | Workplace Diversity |
• | Executive & Director Compensation |
• | Mutual Fund Proxies |
• | Equity Compensation Plans |
• | Specific Treatment of Certain Award Types in Equity Plan Evaluations |
• | Other Compensation Proposals & Policies |
• | Shareholder Proposals on Compensation |
a) | its Sub-Adviser Proxy Policy; |
b) | a certification from the Sub-Adviser that (i) its Sub-Adviser Proxy Policy is reasonably designed to ensure that the Sub-Adviser votes client securities in the best interest of clients, and that the Sub-Adviser Proxy Policy includes an explanation of how the Sub-Adviser addresses material conflicts that may arise between the Sub-Adviser’s interests and those of its clients, (ii) the Sub-Adviser Proxy Policy has been adopted in accordance with Rule 206(4)-6, and (iii) the Sub-Adviser Proxy Policy complies the terms of Rule 206(4)-6; and |
c) | a summary of the Sub-Adviser Proxy Policy suitable for inclusion in the client Fund’s registration statement, in compliance with Item 13(f) of Form N-1A, and a certification to that effect. |
a) | whether the Sub-Adviser Proxy Policy provides that the Sub-Adviser votes solely in the best interests of clients; |
b) | whether the Sub-Adviser Proxy Policy includes a description of how the Sub-Adviser addresses material conflicts of interest that may arise between the Sub-Adviser or its affiliates and its clients; and |
c) | whether the Sub-Adviser Proxy Policy includes both general policies and procedures as well as policies with respect to specific types of issues (for this purpose general policies include any delegation to a third party, policies relating to matters that may substantially affect the rights or privileges of security holders, and policies regarding the extent of weight given to the view of the portfolio company management; specific issues include corporate governance matters, changes to capital structure, stock option plans and other management compensation issues, and social corporate responsibility issues, among others). |
1. | the TAM Proxy Voting Policy; and |
2. | records of Fund client requests for TAM proxy voting information. |
1. | proxy statements received regarding matters it has voted on behalf of Fund clients; |
2. | records of votes cast by TAM; and |
3. | copies of any documents created by TAM that were material to deciding how to vote proxies on behalf of Fund clients or that memorialize the basis for such a decision. |
1. | each Sub-Adviser Proxy Policy; and |
2. | the materials delineated in Article V above. |
• | Base Salary – The portfolio manager is paid a fixed base salary, which varies among portfolio managers depending on the experience and responsibilities of the portfolio manager, as well as the strength or weakness of the employment market at the time the portfolio manager is hired or upon any renewal period. |
• | Bonus – The portfolio manager is eligible to receive an annual incentive bonus. Targeted bonus amounts vary among portfolio managers based on the experience level and responsibilities of the portfolio manager. Bonus amounts are discretionary tied to overall performance versus individual objectives. Performance versus peer groups and benchmarks are taken into consideration. |
• | Defined Contribution Plan – At the discretion of TS&W, a contribution may be made to the employer contribution account for eligible employees of the TS&W Retirement Plan subject to IRS limitations. |
• | Deferred Compensation Plan – Portfolio managers meeting certain requirements are also eligible to participate in a voluntary, nonqualified deferred compensation plan that allows participants to defer a portion of their income on a pre-tax basis and potentially earn tax deferred returns. |
• | Equity Plan – Key employees may be awarded deferred TS&W equity grants. In addition, key employees may purchase TS&W equity directly. |
TRANSAMERICA FUNDS
OTHER INFORMATION
PART C
Item 28 | Exhibits |
List all exhibits filed as part of the Registration Statement.
(a) | Amended and Restated Declaration of Trust, filed previously with Post-Effective Amendment No. 89 to Registration Statement on February 28, 2008 (PEA 89). |
(b) | By-laws, filed previously with PEA 89. |
(c) | n/a |
(d)(1) | Investment Advisory Agreement dated February 1, 2013, filed previously with Post-Effective Amendment No. 171 to Registration Statement on February 28, 2013 (PEA 171). |
(d)(1)(i) | Amended Schedule A, to be filed by subsequent amendment. |
(d)(2) | Investment Advisory Agreement Cayman Subsidiaries, filed previously with Post-Effective Amendment No. 173 to Registration Statement on April 29, 2013 (PEA 173). |
Sub-Advisory Agreements
(d)(3) | Transamerica Flexible Income, filed previously with Post-Effective Amendment No. 126 to Registration Statement on April 29, 2011 (PEA 126). |
(d)(3)(i) | Amendment to Investment Sub-Advisory Agreement dated October 31, 2011 - Transamerica Tactical Income, filed previously with Post-Effective Amendment No. 135 to Registration Statement on October 28, 2011. |
(d)(3)(ii) | Amendment to Investment Sub-Advisory Agreement dated October 31, 2012 - Transamerica Tactical Allocation and Transamerica Tactical Rotation, filed previously with Post-Effective Amendment No. 165 to Registration Statement on October 30, 2012. |
(d)(3)(iii) | Amendment to Investment Sub-Advisory Agreement dated October 16, 2013 - Transamerica Floating Rate, filed previously with Post-Effective Amendment No. 179 to Registration Statement on October 30, 2013 (PEA 179). |
(d)(3)(iv) | Amendment to Investment Sub-Advisory Agreement dated [ ] - Transamerica Intermediate Bond and Transamerica Multi-Manged Balanced, to be filed by subsequent amendment. |
(d)(4) | Transamerica High Yield Bond, filed previously with Post-Effective Amendment No. 77 to Registration Statement on March 1, 2006 (PEA 77). |
(d)(4)(i) | Amendment to Investment Sub-Advisory Agreement dated November 13, 2009, filed previously with Post-Effective Amendment No. 105 to Registration Statement on November 13, 2009 (PEA 105). |
(d)(5) | Transamerica Capital Growth and Transamerica Growth Opportunities, filed previously with PEA 105. |
(d)(5)(i) | Amendment to Investment Sub-Advisory dated November 6, 2009, filed previously with PEA 105. |
(d)(5)(ii) | Amendment to Investment Sub-Advisory Agreement dated April 9, 2010, filed previously with Post-Effective Amendment No. 109 to Registration Statement on June 4, 2010 (PEA 109). |
(d)(5)(iii) | Amendment to Investment Sub-Advisory Agreement dated June 1, 2010, filed previously with PEA 109. |
(d)(5)(iv) | Amendment to Investment Sub-Advisory Agreement dated March 22, 2011, filed previously with PEA 126. |
(d)(5)(v) | Amendment to Investment Sub-Advisory Agreement dated February 10, 2012, filed previously with Post-Effective Amendment No. 154 to Registration Statement on March 1, 2012 (PEA 154). |
(d)(5)(vi) | Amendment to Investment Sub-Advisory Agreement dated July 1, 2012, filed previously with Post-Effective Amendment No. 159 to Registration Statement on August 30, 2012 (PEA 159). |
(d)(5)(vii) | Amendment to Investment Sub-Advisory Agreement dated September 30, 2012, filed previously with Post-Effective Amendment No. 167 to Registration Statement on December 21, 2012 (PEA 167). |
(d)(5)(viii) | Amendment to Investment Sub-Advisory Agreement dated October 26, 2012, filed previously with PEA 167. |
(d)(6) | Transamerica Growth, filed previously with Post-Effective Amendment No. 85 to Registration Statement on March 1, 2007. |
(d)(7) | Transamerica Money Market, filed previously with PEA 126. |
(d)(8) | Transamerica Total Return, filed previously with Post-Effective Amendment No. 43 to Registration Statement on December 17, 2001. |
(d)(8)(i) | Amendment to Investment Sub-Advisory Agreement dated July 1, 2009, filed previously with PEA 105. |
(d)(9) | Transamerica Global Real Estate Securities, filed previously with Post-Effective Amendment No. 131 to Registration Statement on August 30, 2011 (PEA 131). |
(d)(9)(i) | Amendment to Investment Sub-Advisory Agreement dated September 1, 2012, filed previously with PEA 167. |
(d)(10) | Transamerica Real Return TIPS, filed previously with Post-Effective Amendment No. 51 to Registration Statement on December 13, 2002. |
(d)(10)(i) | Amendment to Investment Sub-Advisory Agreement dated July 1, 2009, filed previously with PEA 105. |
(d)(11) | Transamerica Small/Mid Cap Value, filed previously with PEA 126. |
(d)(11)(i) | Amendment to Investment Sub-Advisory Agreement dated October 16, 2013 Transamerica Small Cap Core, filed previously with PEA 179. |
(d)(12) | Transamerica Multi-Managed Balanced, filed previously with Post-Effective Amendment No. 61 to Registration Statement on October 1, 2004. |
(d)(12)(i)(a) | Amendment to Investment Sub-Advisory Agreement dated March 22, 2011 BlackRock, filed previously with PEA 126. |
(d)(12)(i)(b) | Amendment to Investment Sub-Advisory Agreement dated March 22, 2011 JPMorgan, filed previously with PEA 126. |
(d)(13) | Transamerica Mid Cap Value, filed previously with Post-Effective Amendment No. 63 to Registration Statement on November 2, 2004. |
(d)(14) | Transamerica Global Allocation, filed previously with Post-Effective Amendment No. 83 to Registration Statement on December 21, 2006 (PEA 83). |
(d)(14)(i) | Amendment to Investment Sub-Advisory Agreement dated September 30, 2010, filed previously with Post-Effective Amendment No. 117 to Registration Statement on December 30, 2010 (PEA 117). |
(d)(14)(ii) | Amendment to Investment Sub-Advisory Agreement dated July 31, 2012, filed previously with PEA 159. |
(d)(14)(iii) | Amendment to Investment Sub-Advisory Agreement dated January 4, 2013, filed previously with Post-Effective Amendment No. 168 to Registration Statement on January 3, 2013 (PEA 168). |
(d)(15) | Transamerica Short-Term Bond, filed previously with PEA 126. |
(d)(15)(i) | Amendment to Investment Sub-Advisory Agreement dated March 22, 2011, filed previously with PEA 126. |
(d)(16) | Transamerica International, filed previously with Post-Effective Amendment No. 97 to Registration Statement on July 1, 2009 (PEA 97). |
(d)(17) | Transamerica Developing Markets Equity, filed previously with PEA 89. |
(d)(18) | Transamerica International Bond and Transamerica Core Bond, filed previously with Post-Effective Amendment No. 72 to Registration Statement on November 8, 2005. |
(d)(18)(i) | Amendment to Investment Sub-Advisory Agreement dated July 1, 2009, filed previously with PEA 97. |
(d)(18)(ii) | Amendment to Investment Sub-Advisory Agreement dated January 5, 2011 Transamerica Long/Short Strategy, filed previously with PEA 117. |
(d)(18)(iii) | Amendment to Investment Sub-Advisory Agreement dated July 1, 2012, filed previously with PEA 159. |
(d)(18)(iv) | Amendment to Investment Sub-Advisory Agreement dated October 31, 2013, filed previously with PEA 179. |
(d)(19) | Transamerica Asset Allocation Conservative Portfolio, Transamerica Asset Allocation Moderate Portfolio, Transamerica Asset Allocation Growth Portfolio, Transamerica Asset Allocation Moderate Growth Portfolio and Transamerica Multi-Manager International Portfolio - Morningstar Asset Allocation Management Agreement Amendment, filed previously with PEA 83. |
(d)(19)(i) | Amendment to Asset Allocation Management Agreement dated April 17, 2012 - Transamerica Multi-Manager Alternative Strategies Portfolio, filed previously with Post-Effective Amendment No. 155 to Registration Statement on April 25, 2012 (PEA 155). |
(d)(19)(ii) | Amendment to Asset Allocation Management Agreement dated November 25, 2012, filed previously with PEA 167. |
(d)(20) | Transamerica International Equity Opportunities, filed previously with Post-Effective Amendment No. 79 to Registration Statement on August 1, 2006. |
(d)(20)(i) | Amendment to Investment Sub-Advisory Agreement dated August 1, 2009, filed previously with PEA 105. |
(d)(21) | Transamerica Bond, filed previously with PEA 83. |
(d)(21)(i) | Amendment to Investment Sub-Advisory Agreement dated July 1, 2011, filed previously with PEA 131. |
(d)(22) | Transamerica Value, filed previously with PEA 83. |
(d)(23) | Transamerica International Small Cap, filed previously with PEA 89. |
(d)(24) | Transamerica International Value Opportunities, filed previously with Post-Effective Amendment No. 93 to Registration Statement on September 15, 2008 (PEA 93). |
(d)(24)(i) | Amendment to Investment Sub-Advisory Agreement dated January 1, 2009, filed previously with Post-Effective Amendment No. 95 to Registration Statement on February 28, 2009. |
(d)(25) | Transamerica Diversified Equity, filed previously with PEA 93. |
(d)(25)(i) | Amendment to Investment Sub-Advisory Agreement dated April 9, 2010, filed previously with PEA 109. |
(d)(25)(ii) | Amendment to Investment Sub-Advisory Agreement dated March 22, 2011 Transamerica Diversified Equity, filed previously with PEA 126. |
(d)(25)(iii) | Amendment to Investment Sub-Advisory Agreement dated February 10, 2012, filed previously with PEA 154. |
(d)(25)(iv) | Amendment to Investment Sub-Advisory Agreement dated July 31, 2012, filed previously with PEA 159. |
(d)(25)(v) | Amendment to Investment Sub-Advisory Agreement dated September 30, 2012, filed previously with PEA 167. |
(d)(26) | Transamerica Global Macro, filed previously with PEA 173. |
(d)(27) | Transamerica Managed Futures Strategy, filed previously with Post-Effective Amendment No. 113 to Registration Statement on September 30, 2010 (PEA 113). |
(d)(27)(i) | Amendment to Investment Sub-Advisory Agreement dated October 1, 2011, filed previously with PEA 154. |
(d)(28) | Transamerica Commodity Strategy, filed previously with PEA 113. |
(d)(29) | Transamerica Cayman Managed Futures Strategy, Ltd., filed previously with PEA 117. |
(d)(30) | Transamerica Cayman Commodity Strategy, Ltd., filed previously with PEA 117. |
(d)(31) | Transamerica Cayman Global Allocation, Ltd., filed previously with PEA 131. |
(d)(32) | Transamerica International Equity, filed previously with Post-Effective Amendment No. 122 to Registration Statement on February 28, 2011. |
(d)(32)(i) | Amendment to Investment Sub-Advisory Agreement dated January 4, 2013 Transamerica International Small Cap Value, filed previously with PEA 168. |
(d)(32)(ii) | Amendment to Investment Sub-Advisory Agreement dated [ ] - Transamerica Strategic High Income, to be filed by subsequent amendment. |
(d)(32)(iii) | Amendment to Investment Sub-Advisory Agreement dated [ ] Transamerica Mid Cap Value Opportunities, to be filed by subsequent amendment. |
(d)(33) | Transamerica Arbitrage Strategy, filed previously with PEA 126. |
(d)(34) | Transamerica Select Equity, filed previously with PEA 131. |
(d)(35) | Transamerica Emerging Markets Debt, filed previously with PEA 131. |
(d)(35)(i) | Amendment to Investment Sub-Advisory Agreement dated [ ] - Transamerica Global Bond, to be filed by subsequent amendment. |
(d)(36) | Transamerica Emerging Markets Equity, filed previously with PEA 171. |
(d)(37) | Transamerica Large Cap Growth, filed previously with PEA 155. |
(d)(38) | Transamerica Small Cap Value, filed previously with PEA 155. |
(d)(39) | Transamerica Small Cap Growth, filed previously with PEA 159. |
(d)(40) | Transamerica Large Cap Value, filed previously with PEA 159. |
(d)(41) | Transamerica Income & Growth, filed previously with PEA 165. |
(d)(42) | Transamerica Enhanced Muni, filed previously with PEA 165. |
(d)(42)(i) | Amendment to Investment Sub-Advisory Agreement dated July 31, 2013 Transamerica High Yield Muni, filed previously with Post-Effective Amendment No. 176 to Registration Statement on July 30, 2013. |
(d)(43) | Transamerica Dividend Focused, filed previously with PEA 168. |
(d)(43)(i) | Amendment to Investment Sub-Advisory Agreement dated May 1, 2013, filed previously with PEA 173. |
(d)(44) | Transamerica MLP & Energy Income, filed previously with PEA 173. |
(d)(45) | Transamerica Cayman Global Macro, Ltd., filed previously with PEA 173. |
(d)(46) | Transamerica Mid Cap Growth, filed previously with PEA 179. |
(d)(47) | Transamerica Inflation Opportunities, to be filed by subsequent amendment. |
(d)(48) | Transamerica Concentrated Growth, to be filed by subsequent amendment. |
(e)(1) | Underwriting Agreement, filed previously with PEA 89. |
(e)(1)(i) | Amended Schedule I, to be filed by subsequent amendment. |
(e)(2) | Dealers Sales Agreement, filed previously with Post-Effective Amendment No. 106 to Registration Statement on November 30, 2009. |
(e)(3) | Service Agreement, filed previously with Post-Effective Amendment No. 31 to Registration Statement filed on September 2, 1999. |
(e)(4) | Wholesalers Agreement, filed previously with Post-Effective Amendment No. 25 to Registration Statement filed on January 31, 1997. |
(f) | Amended and Restated Board Members Deferred Compensation Plan dated January 12, 2010, filed previously with Post-Effective Amendment No. 108 to Registration Statement on February 26, 2010. |
(g)(1) | Custody Agreement dated January 1, 2011, filed previously with PEA 126. |
(g)(1)(i) | Amendment to Custody Agreement dated December 11, 2012, filed previously with PEA 167. |
(g)(1)(ii) | Amendment to Custody Agreement dated December 17, 2012, filed previously with Post-Effective Amendment No. 170 to Registration Statement on February 12, 2013 (PEA 170). |
(g)(1)(iii) | Amended Appendix A-1, to be filed by subsequent amendment. |
(g)(2) | Master Custodian Agreement with respect to Cayman Subsidiaries, filed previously with PEA 131. |
(g)(2)(i) | Amendment to Master Custodian Agreement with respect to Cayman Subsidiaries, filed previously with PEA 131. |
(g)(2)(ii) | Amended Appendix A dated April 30, 2013, filed previously with PEA 173. |
(h)(1) | Transfer Agency Agreement, filed previously with PEA 131. |
(h)(2) | Administrative Services Agreement dated November 1, 2012, filed previously with PEA 167. |
(h)(2)(i) | Amended Schedule A, to be filed by subsequent amendment. |
(h)(3) | Expense Limitation Agreement dated March 1, 2011, filed previously with Post-Effective Amendment No. 133 to Registration Statement on September 29, 2011. |
(h)(3)(i) | Amended Schedules A and B, to be filed by subsequent amendment. |
(h)(4) | Sub-Administration Agreement dated December 17, 2012, filed previously with PEA 170. |
(h)(4)(i) | Amended Schedule A, to be filed by subsequent amendment. |
(i) | Opinion and Consent of Counsel, to be filed by subsequent amendment. |
(j) | n/a |
(k) | n/a |
(l) | Investment Letter from Sole Shareholder, filed previously with Post-Effective Amendment No. 24 to Registration Statement filed on November 15, 1996. |
(m)(1) | Amended and Restated Plan of Distribution under Rule 12b-1, filed previously with PEA 89. |
(m)(1)(i) | Amended Schedule A, to be filed by subsequent amendment. |
(n)(1) | Amended and Restated Plan for Multiple Classes of Shares dated January 4, 2013, filed previously with PEA 171. |
(n)(1)(i) | Amended Schedule A, to be filed by subsequent amendment. |
(o) | Reserved |
(p)(1) | Joint Code of Ethics for Transamerica Funds and Transamerica Asset Management, Inc., filed previously with PEA 171. |
SUB-ADVISERS
(p)(2) | Aegon USA Investment Management, LLC, filed previously with PEA 171. |
(p)(3) | Water Island Capital, LLC, filed previously with PEA 126. |
(p)(4) | Jennison Associates LLC, filed previously with PEA 126. |
(p)(5) | Pacific Investment Management Company LLC, filed previously with PEA 154. |
(p)(6) | CBRE Clarion Securities, LLC, filed previously with PEA 171. |
(p)(7) | J.P. Morgan Investment Management Inc., filed previously with PEA 171. |
(p)(8) | Morgan Stanley Investment Management Inc., filed previously with PEA 77. |
(p)(9) | Neuberger Berman Management LLC, filed previously with PEA 154. |
(p)(10) | Oppenheimer Funds, Inc. LP, filed previously with PEA 154. |
(p)(11) | Morningstar Associates, LLC, filed previously with PEA 77. |
(p)(12) | Loomis, Sayles & Company, L.P, filed previously with PEA 154. |
(p)(13) | BlackRock Investment Management, LLC and BlackRock Financial Management, Inc., filed previously with Post-Effective Amendment No. 81 to Registration Statement on October 13, 2006. |
(p)(14) | Thompson, Siegel & Walmsley LLC, filed previously with PEA 154. |
(p)(15) | Third Avenue Management LLC, filed previously with PEA 154. |
(p)(16) | MFS Investment Management, filed previously with Transamerica Series Trust Post-Effective Amendment No. 66 to Registration Statement on April 28, 2006, and incorporated herein by reference (File No. 811-04419). |
(p)(17) | Schroder Investment Management North America Inc., filed previously with PEA 126. |
(p)(18) | Thornburg Investment Management, Inc., filed previously with PEA 154. |
(p)(19) | Wellington Management Company, LLP, filed previously with PEA 154. |
(p)(20) | Kayne Anderson Capital Advisors, L.P., filed previously with PEA 173. |
(p)(21) | AQR Capital Management, LLC, filed previously with PEA 126. |
(p)(22) | Goldman Sachs Asset Management, L.P., filed previously with PEA 126. |
(p)(23) | Systematic Financial Management L.P., filed previously with PEA 126. |
(p)(24) | Institutional Capital LLC, filed previously with PEA 131. |
(p)(25) | Logan Circle Partners, L.P., filed previously with PEA 154. |
(p)(26) | ClariVest Asset Management LLC, filed previously with PEA 155. |
(p)(27) | BNP Paribas Asset Management Inc., filed previously with PEA 155. |
(p)(28) | Lombardia Capital Partners LLC, filed previously with PEA 155. |
(p)(29) | Levin Capital Strategies, LP, filed previously with PEA 159. |
(p)(30) | Ranger Investment Management, L.P., filed previously with PEA 159. |
(p)(31) | Belle Haven Investments, L.P., filed previously with PEA 167. |
(p)(32) | Barrow, Hanley, Mewhinney & Strauss, LLC, filed previously with PEA 171. |
(p)(33) | The Cambridge Strategy (Asset Management) Limited, filed previously with PEA 173. |
(p)(34) | Quantum Capital Management, filed previously with PEA 179. |
(p)(35) | Torray LLC, to be filed by subsequent amendment. |
(p)(36) | PineBridge Investments, L.L.C., to be filed by subsequent amendment. |
(q)(1) | Powers of Attorney, filed previously with Post-Effective Amendment No. 148 to Registration Statement on February 6, 2012. |
Item 29 Persons Controlled by or under Common Control with the Fund
To the knowledge of the Registrant, neither the Registrant nor any Series thereof is controlled by or under common control with any other person. The Registrant has no subsidiaries.
Item 30 Indemnification
Provisions relating to indemnification of the Registrants Trustees and employees are included in Registrants Restatement of Declaration of Trust and Bylaws which are incorporated herein by reference.
Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to Trustees, officers and controlling persons, or otherwise, Registrant has been advised that in the opinion of the Commission such indemnification may be against public policy as expressed in the Act and may be, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by Registrant of expenses incurred or paid by a Trustee, officer or controlling person of Registrant in the successful defense of any action, suit or proceeding) is asserted by such Trustee, officer or controlling person in connection with the securities being registered, Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
Item 31 Business and Other Connections of Investment Advisers
See Shareholder Information Investment Adviser in the Prospectuses and Investment Advisory and Other Services The Investment Adviser in the Statement of Additional Information for information regarding Transamerica Asset Management, Inc. (TAM). For information as to the business, profession, vocation or employment of a substantial nature of each of the officers and directors of TAM, reference is made to TAMs current Form ADV filed under the Investment Advisers Act of 1940, incorporated herein by reference (File No. 801-53319; CRD No. 107376).
With respect to information regarding each sub-adviser, reference is hereby made to Shareholder Information Sub-Adviser(s) in the Prospectuses. For information as to the business, profession, vocation or employment of a substantial nature of each of the officers and directors of each sub-adviser, reference is made to the current Form ADVs of each sub-adviser filed under the Investment Advisers Act of 1940, incorporated herein by reference and the file numbers of which are as follows:
Aegon USA Investment Management, LLC File No. 801-60667 CRD No. 114537 |
Morgan Stanley Investment Management Inc. File No. 801-15757 CRD No. 110353 |
|
AQR Capital Management, LLC File No. 801-55543 CRD No. 111883 |
Morningstar Associates, LLC File No. 801-56896 CRD No. 108031 |
|
Barrow, Hanley, Mewhinney & Strauss, LLC File No. 801-31237 CRD No. 105519 |
Neuberger Berman Management LLC File No. 801-8259 CRD No. 5493 |
|
Belle Haven Investments, L.P File No. 801-62290 CRD No. 29278 |
OppenheimerFunds, Inc. File No. 801-8253 CRD No. 104983 |
|
BlackRock Financial Management, Inc. File No. 801-48433 CRD No. 107105 |
Pacific Investment Management Company LLC File No. 801-48187 CRD No. 104559 |
|
BlackRock Investment Management File No. 801-56972 CRD No. 108928 |
PineBridge Investments, L.L.C. File No. 801-18759 CRD No. 105926 |
|
BNP Paribas Asset Management, Inc. File No. 801-14882 CRD No. 105085 |
Quantum Capital Management File No. 801-57840 CRD No. 111083 |
|
CBRE Clarion Securities LLC File No. 801-49083 CRD No. 106256 |
Ranger International Management, LP File No. 801-71680 CRD No. 154002 |
|
ClariVest Asset Management LLC File No. 801-66386 CRD No. 139785 |
Ranger Investment Management, L.P. File No. 801-62397 CRD No. 143150 |
|
Goldman Sachs Asset Management, L.P. File No. 801-37591 CRD No. 107738 |
Schroder Investment Management North America Inc. File No. 801-15834 CRD No. 105820 |
|
Institutional Capital LLC File No. 801-40779 CRD No. 107149 |
Systematic Financial Management, L.P. File No. 801-48908 CRD No. 106146 |
|
Jennison Associates LLC File No. 801-5608 CRD No. 107959 |
The Cambridge Strategy (Asset Management) Limited File No. 801-72204 CRD No. 147366 |
J.P. Morgan Investment Management Inc. File No. 801-49083 CRD No. 106256 |
Third Avenue Management LLC File No. 801-27792 CRD No. 107545 |
|
Kayne Anderson Capital Advisors, L.P. File No. 801-46991 CRD No. 104536 |
Thompson, Siegel & Walmsley LLC File No. 801-6273 CRD No. 105726 |
|
Levin Capital Strategies, L.P. File No. 801-65045 CRD No. 137147 |
Thornburg Investment Management, Inc. File No. 801-17853 CRD No. 106357 |
|
Logan Circle Partners, LP File No. 801-67753 CRD No. 143633 |
Torray LLC File No. 801-8629 CRD No. 105818 |
|
Lombardia Capital Partners, LLC File No. 801-67753 CRD No. 143633 |
Water Island Capital, LLC File No. 801-57341 CRD No. 113358 |
|
Loomis, Sayles & Company, L.P. File No. 801-170 CRD No. 105377 |
Wellington Management Company, LLP File No. 812-15908 CRD No. 106595 |
|
MFS Investment Management File No. 801-17352 CRD No. 110045 |
Item 32 Principal Underwriter
(a) |
The Registrant has entered into an Underwriting Agreement with Transamerica Capital, Inc. (TCI), whose address is 4600 South Syracuse Street, Suite 1100, Denver, Colorado, 80287 to act as the principal underwriter of Fund shares. |
(b) |
Directors and Officers of TCI: |
Name | Location |
Positions and Offices with Underwriter |
Positions and Offices with Registrant |
|||
David W. Hopewell |
(1) | Director | N/A | |||
Thomas A. Swank |
(1) | Director | Director, President and Chief Executive Officer | |||
David R. Paulsen |
(1) | Chief Executive Officer and Chief Sales Officer | ||||
Michael Brandsma |
(2) | Director, President and Chief Financial Officer | N/A | |||
Blake S. Bostwick |
(2) | Chief Marketing Officer and Chief Operations Officer | N/A | |||
David R. Paulsen |
(2) | Director, Chief Sales Officer | N/A | |||
Carrie N. Powicki |
(1) | Secretary | N/A | |||
Courtney John |
(2) | Vice President and Chief Compliance Officer | N/A | |||
Wesley J. Hodgson |
(2) | Vice President | N/A | |||
Karen R. Wright |
(5) | Treasurer | N/A | |||
Amy Angle |
(1) | Assistant Vice President | N/A | |||
Dennis P. Gallagher |
(4) | Assistant Vice President |
Vice President, General Counsel and Secretary |
|||
Elizabeth Belanger |
(6) | Assistant Vice President | N/A | |||
Christy Post-Rissin |
(4) | Assistant Vice President | N/A | |||
Brenda L. Smith |
(4) | Assistant Vice President | N/A |
Name | Location |
Positions and Offices with Underwriter |
Positions and Offices with Registrant |
|||
Darin D. Smith |
(1) | Assistant Vice President | N/A | |||
Lisa Wachendorf |
(1) | Assistant Vice President | N/A | |||
Arthur D. Woods |
(4) | Assistant Vice President | N/A | |||
Erin K. Burke |
(1) | Assistant Secretary | N/A |
(1) |
4333 Edgewood Road, N.E., Cedar Rapids, IA 52499-0001 |
(2) |
4600 South Syracuse Street, Suite 1100, Denver, CO 80237 |
(3) |
400 West Market Street, Louisville, KY 40237 |
(4) |
570 Carillon Parkway, St. Petersburg, FL 33716-1202 |
(5) |
1111 North Charles Street, Baltimore, MD 21201 |
(6) |
440 Mamaroneck Avenue, Harrison, NY 10528 |
Item 33 Location of Accounts and Records
The accounts, books and other documents required to be maintained by Section 31(a) of the 1940 Act and the rules promulgated thereunder are maintained as follows:
(a) |
Shareholder records are maintained by the Registrants transfer agent, Transamerica Fund Services, Inc., 570 Carillon Parkway, St. Petersburg, FL 33716. |
(b) |
All other accounting records of the Registrant are maintained at the offices of the Registrant at 570 Carillon Parkway, St. Petersburg, Florida 33716 and are in the physical possession of the officers of the Fund, or at the offices of the Custodian: State Street Bank and Trust Company, 225 Franklin Street, Boston, MA 02110. |
Item 34 Management Services
The Registrant has no management-related service contract that is not discussed in Part I of this form. See the section of the Prospectus entitled Investment Advisory and Other Services for a discussion of the management and advisory services furnished by Aegon USA Investment Management, LLC, AQR Capital Management, LLC, Barrow, Hanley, Mewhinney & Strauss, LLC, Belle Haven Investments, L.P, BlackRock Financial Management, Inc., BlackRock Investment Management, BNP Paribas Asset Management, Inc., CBRE Clarion Securities LLC, ClariVest Asset Management LLC, Goldman Sachs Asset Management, L.P., Institutional Capital LLC, Jennison Associates LLC, J.P. Morgan Investment Management Inc., Kayne Anderson Capital Advisors, L.P., Levin Capital Strategies, L.P., Logan Circle Partners, LP, Lombardia Capital Partners, LLC, Loomis, Sayles & Company, L.P., MFS Investment Management, Morgan Stanley Investment Management Inc., Morningstar Associates, LLC, Neuberger Berman Management LLC, OppenheimerFunds, Inc., Pacific Investment Management Company LLC, PineBridge Investments, L.L.C., Quantum Capital Management, Ranger International Management, LP, Ranger Investment Management, L.P., Schroder Investment Management North America Inc., Systematic Financial Management, L.P., The Cambridge Strategy (Asset Management) Limited, Third Avenue Management LLC, Thompson, Siegel & Walmsley LLC, Thornburg Investment Management, Inc., Torray LLC, Water Island Capital, LLC, and Wellington Management Company, LLP, pursuant to the Investment Advisory Agreements, the Sub-Advisory Agreements, the Administrative Services Agreement and the Underwriting Agreement.
Item 35 Undertakings
Not applicable
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant has duly caused this Post-Effective Amendment No. 182 to its Registration Statement to be signed on its behalf by the undersigned, thereunder duly authorized, in the City of St. Petersburg, State of Florida, on the 13 th day of February, 2014.
TRANSAMERICA FUNDS |
||||
By: |
/s/ Thomas A. Swank |
|||
Thomas A. Swank | ||||
Trustee, President and Chief Executive Officer |
Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 182 to its Registration Statement has been signed below by the following persons in the capacities and on the dates indicated:
/s/ Thomas A. Swank |
Trustee, President and Chief |
February 13, 2014 | ||
Thomas A. Swank |
Executive Officer |
|||
/s/ Sandra N. Bane |
Trustee |
February 13, 2014 | ||
Sandra N. Bane* |
||||
/s/ Leo J. Hill |
Trustee |
February 13, 2014 | ||
Leo J. Hill* |
||||
/s/ David W. Jennings |
Trustee |
February 13, 2014 | ||
David W. Jennings* |
||||
/s/ Russell A. Kimball, Jr. |
Trustee |
February 13, 2014 | ||
Russell A. Kimball, Jr.* |
||||
/s/ Eugene M. Mannella |
Trustee |
February 13, 2014 | ||
Eugene M. Mannella* |
||||
/s/ Norman R. Nielsen |
Trustee |
February 13, 2014 | ||
Norman R. Nielsen* |
||||
/s/ Joyce G. Norden |
Trustee |
February 13, 2014 | ||
Joyce G. Norden* |
||||
/s/ Patricia L. Sawyer |
Trustee |
February 13, 2014 | ||
Patricia L. Sawyer* |
||||
/s/ John W. Waechter |
Trustee |
February 13, 2014 | ||
John W. Waechter* |
||||
/s/ Alan F. Warrick |
Trustee |
February 13, 2014 | ||
Alan F. Warrick* |
||||
/s/ Elizabeth Strouse |
Vice President, Treasurer and |
February 13, 2014 | ||
Elizabeth Strouse |
Principal Financial Officer |
/s/ Dennis P. Gallagher |
February 13, 2014 | |||||
* By: |
Dennis P. Gallagher |
|||||
Dennis P. Gallagher** |
** |
Attorney-in-fact pursuant to powers of attorney previously filed. |
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