Exhibit (11)

October 13, 2016

Transamerica Funds

1801 California St., Suite 5200

Denver, Colorado 80202

Ladies and Gentlemen:

We have acted as counsel to Transamerica Funds, a Delaware statutory trust (the “Trust”), and on behalf of each of its series listed on Exhibit A hereto under “Acquiring Fund/Classes” (each an “Acquiring Fund”), in connection with the Trust’s Registration Statement on Form N-14 to be filed with the Securities and Exchange Commission (the “Commission”) on or about October 13, 2016 (the “Registration Statement”), with respect to each Acquiring Fund’s Class R shares, Class R4 shares and Class I3 shares (the “Shares”) of beneficial interest to be issued in exchange for the assets of the corresponding series of Transamerica Partners Funds Group, Transamerica Partners Funds Group II and Transamerica Partners Portfolio listed on Exhibit A under “Acquired Fund/Portfolio,” as described in the Registration Statement (the “Reorganization”). You have requested that we deliver this opinion to you in connection with the Trust’s filing of the Registration Statement.

In connection with the furnishing of this opinion, we have examined the following documents:

(a) A certificate of the Secretary of State of the State of Delaware, dated as of a recent date, as to the existence of the Trust;

(b) A copy, certified by the Secretary of State of the State of Delaware, dated as of a recent date, of the Trust’s Certificate of Trust, filed with the Secretary of State of the State of Delaware (the “Certificate of Trust”);

(c) A certificate executed by the Secretary of the Trust, certifying as to, and attaching copies of, the Trust’s Amended and Restated Declaration of Trust (the “Declaration”), the Trust’s By-Laws (the “By-Laws”), and the resolutions adopted by the Trustees of the Trust at a meeting held on September 15-16, 2016, authorizing the Reorganization and the issuance of the Shares on behalf of the Acquiring Fund (the “Resolutions”);

(d) A copy of the Registration Statement; and

(e) A copy of the form of the Agreement and Plan of Reorganization to be entered into by the Trust, on behalf of the Acquiring Fund (the “Agreement and Plan of Reorganization”).

Morgan, Lewis & Bockius LLP
One Federal Street
Boston, MA 02110-1726	+1.617.341.7700
United States	+1.617.341.7701

Transamerica Funds

October 13, 2016

Page 2

In such examination, we have assumed the genuineness of all signatures, the conformity to the originals of all of the documents reviewed by us as copies, including conformed copies, the authenticity and completeness of all original documents reviewed by us in original or copy form and the legal competence of each individual executing any document. We have assumed that the Registration Statement as filed with the Commission will be in substantially the form of the copy referred to in paragraph (d) above, and that the Agreement and Plan of Reorganization will be duly completed, executed and delivered by the parties thereto in substantially the form of the copy referred to in paragraph (e) above. We have also assumed for the purposes of this opinion that the Declaration, the Certificate of Trust, the Resolutions and the Agreement and Plan of Reorganization will not have been amended, modified or withdrawn and will be in full force and effect on the date of issuance of the Shares.

This opinion is based entirely on our review of the documents listed above and such other documents as we have deemed necessary or appropriate for the purposes of this opinion and such investigation of law as we have deemed necessary or appropriate. We have made no other review or investigation of any kind whatsoever, and we have assumed, without independent inquiry, the accuracy of the information set forth in such documents.

This opinion is limited solely to the Delaware Statutory Trust Act to the extent that the same may apply to or govern the transactions referred to herein, and we express no opinion with respect to the laws of any other jurisdiction or to any other laws of the State of Delaware. Further, we express no opinion as to any state or federal securities laws, including the securities laws of the State of Delaware. No opinion is given herein as to the choice of law or internal substantive rules of law which any tribunal may apply to such transaction. In addition, to the extent that the Declaration or the By-Laws refer to, incorporate or require compliance with, the Investment Company Act of 1940, as amended, or any other law or regulation applicable to the Trust, except for the Delaware Statutory Trust Act, as aforesaid, we have assumed compliance by the Trust with such Act and such other laws and regulations.

We understand that all of the foregoing assumptions and limitations are acceptable to you.

Based upon and subject to the foregoing and to the further assumptions and limitations hereinafter set forth, please be advised that it is our opinion that the Shares, when issued and sold in accordance with the Declaration and the Resolutions and for the consideration described in the Agreement and Plan of Reorganization, will be validly issued, fully paid and nonassessable.

This opinion is given as of the date hereof and we assume no obligation to update this opinion to reflect any changes in law or any other facts or circumstances which may hereafter come to our attention. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In rendering this opinion and giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the Commission thereunder.

Very truly yours,

/s/ Morgan, Lewis & Bockius LLP

MORGAN, LEWIS & BOCKIUS LLP

Transamerica Funds

October 13, 2016

Page 3

Exhibit A

Acquired Fund/Portfolio	Acquiring Fund/Classes
Transamerica Partners High Quality Bond (a series of Transamerica Partners Funds Group (“TPFG”))	Transamerica High Quality Bond
	Class R
Transamerica Partners Institutional High Quality Bond (a series of Transamerica Partners Funds Group II (“TPFG II”))	Transamerica High Quality Bond
	Class R4
Transamerica Partners High Quality Bond Portfolio (a series of Transamerica Partners Portfolio (“TPP”))	Transamerica High Quality Bond
	Class I3
Transamerica Partners Inflation-Protected Securities (a series of TPFG)	Transamerica Inflation-Protected Securities
	Class R
Transamerica Partners Institutional Inflation-Protected Securities (a series of TPFG II)	Transamerica Inflation-Protected Securities
	Class R4
Transamerica Partners Inflation-Protected Securities Portfolio (a series of TPP)	Transamerica Inflation-Protected Securities
	Class I3
Transamerica Partners Large Core (a series of TPFG)	Transamerica Large Core
	Class R
Transamerica Partners Institutional Large Core (a series of TPFG II)	Transamerica Large Core
	Class R4
Transamerica Partners Large Core Portfolio (a series of TPP)	Transamerica Large Core
	Class I3
Transamerica Partners Large Growth (a series of TPFG)	Transamerica Large Growth
	Class R
Transamerica Partners Institutional Large Growth (a series of TPFG II)	Transamerica Large Growth
	Class R4
Transamerica Partners Large Growth Portfolio (a series of TPP)	Transamerica Large Growth
	Class I3
Transamerica Partners Large Value (a series of TPFG)	Transamerica Large Value Opportunities

Transamerica Funds

October 13, 2016

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	Class R
Transamerica Partners Institutional Large Value (a series of TPFG II)	Transamerica Large Value Opportunities
	Class R4
Transamerica Partners Large Value Portfolio (a series of TPP)	Transamerica Large Value Opportunities
	Class I3
Transamerica Partners Balanced (a series of TPFG)	Transamerica Balanced II
	Class R
Transamerica Partners Institutional Balanced (a series of TPFG II)	Transamerica Balanced II
	Class R4
Transamerica Partners Balanced Portfolio (a series of TPP)	Transamerica Balanced II
	Class I3
Transamerica Partners Stock Index (a series of TPFG)	Transamerica Stock Index
	Class R
Transamerica Partners Institutional Stock Index (a series of TPFG II)	Transamerica Stock Index
	Class R4
Transamerica Asset Allocation - Long Horizon (a series of TPFG II)	Transamerica Asset Allocation Long Horizon
	Class R
Transamerica Institutional Asset Allocation - Long Horizon (a series of TPFG)	Transamerica Asset Allocation Long Horizon
	Class R4
Transamerica Asset Allocation – Intermediate/Long Horizon (a series of TPFG II)	Transamerica Asset Allocation Long Horizon
	Class R
Transamerica Institutional Asset Allocation – Intermediate/Long Horizon (a series of TPFG)	Transamerica Asset Allocation Long Horizon
	Class R4
Transamerica Asset Allocation – Intermediate Horizon (a series of TPFG II)	Transamerica Asset Allocation – Intermediate Horizon
	Class R
Transamerica Institutional Asset Allocation – Intermediate Horizon (a series of TPFG)	Transamerica Asset Allocation – Intermediate Horizon
	Class R4
Transamerica Asset Allocation – Short/Intermediate Horizon (a series of TPFG II)	Transamerica Asset Allocation – Intermediate Horizon

Transamerica Funds

October 13, 2016

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	Class R
Transamerica Institutional Asset Allocation – Short/Intermediate Horizon (a series of TPFG)	Transamerica Asset Allocation – Intermediate Horizon
	Class R4
Transamerica Asset Allocation – Short Horizon (a series of TPFG II)	Transamerica Asset Allocation Short Horizon
	Class R
Transamerica Institutional Asset Allocation – Short Horizon (a series of TPFG)	Transamerica Asset Allocation Short Horizon
	Class R4