TRANSAMERICA FUNDS

Supplement to the Currently Effective Statement of
Additional Information

Transamerica Emerging Markets Debt

Effective July 2, 2018, the following information revises
the corresponding information appearing in the table
contained in the "Sub-Advisory Fees" sub-section of the
Statement of Additional Information under the heading
"Investment Management and Other Services - Sub-
Advisers":

Sub-Adviser Sub-Advisory Fees

Fund

Transamerica Emerging Markets Debt Logan Circle
Partners, LP 0.27% of the first $250 million
0.24% over $250 million up to $400 million
0.20% in excess of $400 million

Transamerica Emerging Markets Equity

Effective July 2, 2018, the following information revises
the corresponding information appearing in the table
contained in the "Investment Manager Compensation"
sub-section of the Statement of Additional Information
under the heading "Investment Management and Other
Services - The Investment Manager":

Percentage of Average Daily Net Assets

Fund Name

Transamerica Emerging Markets Equity 0.95% of the
first $250 million
0.91% over $250 million up to $500 million
0.86% over $500 million up to $1 billion
0.84% in excess of $1 billion

Effective July 2, 2018, the following information revises
the corresponding information appearing in the table
contained in the "Sub-Advisory Fees" sub-section of the
Statement of Additional Information under the heading
"Investment Management and Other Services- Sub-
Advisers":

Sub-Adviser Sub-Advisory Fees

Fund

Transamerica Emerging Markets Equity ClariVest Asset
Management LLC 0.49% of the first $250 million
0.45% over $250 million up to $500 million
0.43% over $500 million up to $1 billion
0.41% in excess of $1 billion

Transamerica Flexible Income

Effective July 2, 2018, Transamerica Flexible Income will
be renamed Transamerica Bond. All references to
Transamerica Flexible Income in the Statement of
Additional Information will be revised to be
Transamerica Bond (formerly Transamerica Flexible
Income) on such date.

Effective July 2, 2018, the following information revises
the corresponding information appearing in the table
contained in the "General Description of the Trust and
the Funds" section of the Statement of Additional
Information:

Fund Name History

Fund Name

Transamerica Bond (formerly Transamerica Flexible
Income) Transamerica Flexible Income was renamed
Transamerica Bond on July 2, 2018.



Effective July 2, 2018, the following information revises
the corresponding information appearing in the table
contained in the "Investment Manager Compensation"
sub-section of the Statement of Additional Information
under the heading "Investment Management and Other
Services - The Investment Manager":



Percentage of Average Daily Net Assets

Fund Name

Transamerica Bond (formerly Transamerica Flexible
Income) 0.41% of the first $500 million
0.39% over $500 million up to $1 billion
0.38% over $1 billion up to $1.5 billion
0.375% in excess of $1.5 billion

Effective July 2, 2018, the following information revises
the corresponding information appearing in the table
contained in the "Expense Limitation" sub-section of the
Statement of Additional Information under the heading
"Investment Management and Other Services - The
Investment Manager":
Fund Expense Cap Expiration Date of Expense Cap
Transamerica Bond (formerly Transamerica Flexible
Income) Class A 1.10% March 1, 2019
Class B 1.85% March 1, 2019
Class C 1.75% March 1, 2019
Class I 0.50% March 1, 2019
Class I2 0.75% March 1, 2019
Class R1 1.35% March 1, 2019
Class R6 0.44% March 1, 2019
Advisor Class 0.85% March 1, 2019
Class T1 1.10% March 1, 2019
Class T2 1.10% March 1, 2019

Effective July 2, 2018, the following information revises
the corresponding information appearing in the table
contained in the "Sub-Advisory Fees" sub-section of the
Statement of Additional Information under the heading
"Investment Management and Other Services - Sub-
Advisers":

Sub-Adviser Sub-Advisory Fees

Fund

Transamerica Bond (formerly Transamerica Aegon USA
Investment Management, LLC 0.12% of the first $250
million
Flexible Income) 0.10% over $250 million up to $500
million
0.08% over $500 million up to $1 billion
0.075% in excess of $1 billion

Transamerica Unconstrained Bond

Effective July 2, 2018, the following information
supplements the corresponding information appearing
in the table contained in the "Investment Manager
Compensation" sub-section of the Statement of
Additional Information under the heading "Investment
Management and Other Services - The Investment
Manager":

Percentage of Average Daily Net Assets

Fund Name
Transamerica Unconstrained Bond(2) 0.67% of the first
$1 billion
0.655% over $1 billion up to $2 billion
0.65% in excess of $2 billion

(2)
Effective July 2, 2018, PineBridge Investments LLC
("PineBridge"), the sub-adviser for Transamerica
Unconstrained Bond, agreed to voluntarily waive a
portion of its sub-advisory fee (as a percentage of daily
nets assets). Effective July 2, 2018, TAM has agreed to
voluntarily waive its management fee in an amount
equal to any savings resulting from PineBridge's
voluntary waiver of its sub-advisory fee. These waivers
by PineBridge and TAM are voluntary. PineBridge's sub-
advisory fee waiver may be discontinued by PineBridge
upon obtaining consent from TAM.



Effective July 2, 2018, the following information revises
the corresponding information appearing in the table
contained in the "Sub-Advisory Fees" sub-section of the
Statement of Additional Information under the heading
"Investment Management and Other Services - Sub-
Advisers":

Sub-Adviser Sub-Advisory Fees

Fund

Transamerica Unconstrained Bond(18) PineBridge
Investments LLC 0.25% of the first $1 billion
0.245% over $1 billion up to $2 billion 0.24% in excess
of $2 billion

(18)

The average daily net assets for the purpose of
calculating sub-advisory fees will be determined on a
combined basis with the assets of Transamerica
Inflation-Protected Securities. Effective July 2, 2018, the
sub-adviser has agreed to voluntarily waive a portion of
its sub-advisory fee (as a percentage of daily net assets).
This waiver is voluntary and may be discontinued by the
sub-adviser upon obtaining consent from TAM.


Investors Should Retain this Supplement for Future
Reference

June 29, 2018