SCHEDULE A DATED AS OF March 1, 2016 TRANSAMERICA FUNDS OPERATING EXPENSE LIMITS

Exhibit (h)(2)(1)

SCHEDULE A

DATED AS OF March 1, 2016

TRANSAMERICA FUNDS

OPERATING EXPENSE LIMITS

This Agreement relates to the following Funds of the Company:

FUND NAME		CLASS A, B, C, I, I2, R and T		MAXIMUM OPERATING EXPENSE LIMIT EFFECTIVE THROUGH
Transamerica Asset Allocation – Conservative Portfolio		0.45%		March 1,2017
Transamerica Asset Allocation – Growth Portfolio		0.45%		March 1,2017
Transamerica Asset Allocation – Moderate Growth Portfolio		0.45%		March 1,2017
Transamerica Asset Allocation – Moderate Portfolio		0.45%		March 1,2017
Transamerica Bond		0.71%		March 1,2017
Transamerica Capital Growth		1.20%		March 1,2017
Transamerica Commodity Strategy		0.94%		March 1,2017
Transamerica Concentrated Growth		0.95%		March 1,2017
Transamerica Core Bond		0.60%		March 1,2017
Transamerica Dynamic Income		0.67%		March 1,2017
Transamerica Dynamic Allocation		0.85%		March 1,2017
Transamerica Developing Markets Equity		1.45%		March 1,2017
Transamerica Dividend Focused		0.90%		March 1,2017
Transamerica Emerging Markets Debt		1.00%		March 1,2017
Transamerica Emerging Markets Equity		1.50%		March 1,2017
Transamerica Event Driven		1.35%		March 1,2017
Transamerica Flexible Income		0.85%		March 1,2017
Transamerica Floating Rate		0.80%		March 1,2017
Transamerica Global Bond		0.75%		March 1,2017
Transamerica Global Equity		1.10%		March 1,2017
Transamerica Global Multifactor Macro		1.50%		March 1,2017
Transamerica Global Real Estate Securities		N/A		March 1,2017
Transamerica Global Long/Short Equity		1.55		March 1,2017
Transamerica Growth		N/A		March 1,2017
Transamerica Multi-Cap Growth		1.40%		March 1,2017
Transamerica High Yield Bond		0.95%		March 1,2017
Transamerica High Yield Muni		0.76%*		March 1,2017
Transamerica Income & Growth		0.93%		March 1,2017
Transamerica Inflation Opportunities		0.75%		March 1,2017
Transamerica Intermediate Bond		0.55%		March 1,2017
Transamerica Intermediate Muni		0.71%*		March 1,2017
Transamerica International Equity		1.10%		March 1,2017
Transamerica International Equity Opportunities		N/A		March 1,2017
Transamerica International Small Cap		1.27%		March 1,2017
Transamerica International Small Cap Value		1.22%		March 1,2017
Transamerica Large Cap Value		0.95%		Marc 1, 2017
Transamerica Long/Short Strategy		1.59%		March 1,2017
Transamerica Managed Futures Strategy		1.45%		March 1,2017
Transamerica Mid Cap Growth		1.05%		March 1,2017
Transamerica Mid Cap Value		1.05%		March 1,2017
Transamerica Mid Cap Value Opportunities		0.95%		March 1,2017
Transamerica MLP & Energy Income		1.35%		March 1,2017
Transamerica Money Market		0.48%		March 1,2017
Transamerica Multi-Managed Balanced		1.15%		March 1,2017
Transamerica Multi-Manager Alternative Strategies Portfolio		0.55%		March 1,2017
Transamerica Short-Term Bond		0.75%		March 1,2017
Transamerica Small Cap Core		1.05%		March 1,2017
Transamerica Small Cap Growth		1.15%		March 1,2017
Transamerica Small Cap Value		1.15%		March 1,2017
Transamerica Small/Mid Cap Value		1.15%		March 1,2017

Transamerica Strategic High Income		0.95%		March 1,2017
Transamerica Total Return		N/A		March 1,2017
Transamerica Unconstrained Bond		0.95%		March 1,2017
Transamerica US Growth		1.17%		March 1,2017

* 0.10% of the 0.25% 12b-1 fee for Class A shares and 0.25% of the 1.00% 12b-1 fee for Class C shares will be contractually waived through March 1, 2017.

FUND NAME		CLASS R1		CLASS R6		MAXIMUM OPERATING EXPENSE LIMIT EFFECTIVE THROUGH
Clear Track 2015		1.20%		0.55%		March 1,2017
Clear Track 2020		1.20%		0.55%		March 1,2017
Clear Track 2025		1.20%		0.55%		March 1,2017
Clear Track 2030		1.20%		0.55%		March 1,2017
Clear Track 2035		1.20%		0.55%		March 1,2017
Clear Track 2040		1.20%		0.55%		March 1,2017
Clear Track 2045		1.20%		0.55%		March 1,2017
Clear Track 2050		1.20%		0.55%		March 1,2017
Clear Track Retirement Income		1.20%		0.55%		March 1,2017

SCHEDULE B

DATED AS OF MARCH 1, 2015

TRANSAMERICA FUNDS

FUNDS SUBJECT TO EXPENSE REIMBURSEMENT

FUND NAME

Clear Track 2015

Clear Track 2020

Clear Track 2025

Clear Track 2030

Clear Track 2035

Clear Track 2040

Clear Track 2045

Clear Track 2050

Clear Track Retirement Income

Transamerica Asset Allocation – Conservative Portfolio

Transamerica Asset Allocation – Growth Portfolio

Transamerica Asset Allocation – Moderate Growth Portfolio

Transamerica Asset Allocation – Moderate Portfolio

Transamerica Bond

Transamerica Capital Growth

Transamerica Commodity Strategy

Transamerica Concentrated Growth

Transamerica Core Bond

Transamerica Developing Markets Equity

Transamerica Dividend Focused

Transamerica Dynamic Allocation

Transamerica Dynamic Income

Transamerica Emerging Markets Debt

Transamerica Emerging Markets Equity

Transamerica Event Driven

Transamerica Flexible Income

Transamerica Floating Rate

Transamerica Global Bond

Transamerica Global Equity

Transamerica Global Long/Short Equity

Transamerica Global Multifactor Macro

Transamerica Global Real Estate Securities

Transamerica Growth

Transamerica Multi-Cap Growth

Transamerica High Yield Bond

Transamerica High Yield Muni

Transamerica Income & Growth

Transamerica Inflation Opportunities

Transamerica Intermediate Bond

Transamerica Intermediate Muni

Transamerica International Equity

Transamerica International Equity Opportunities

Transamerica International Small Cap

Transamerica International Small Cap Value

Transamerica Large Cap Value

Transamerica Long/Short Strategy

Transamerica Managed Futures Strategy

Transamerica Mid Cap Growth

Transamerica Mid Cap Value

Transamerica Mid Cap Value Opportunities

Transamerica MLP & Energy Income

Transamerica Money Market

Transamerica Multi-Managed Balanced

Transamerica Multi-Manager Alternative Strategies Portfolio

Transamerica Small Cap Core

Transamerica Small Cap Growth

Transamerica Small Cap Value

Transamerica Small/Mid Cap Value

Transamerica Strategic High Income

Transamerica Total Return

Transamerica Unconstrained Bond

Transamerica US Growth