TRANSAMERICA FUNDS AMENDMENT TO INVESTMENT ADVISORY AGREEMENT

Exhibit (d)(14)(ii)

TRANSAMERICA FUNDS
AMENDMENT TO INVESTMENT ADVISORY AGREEMENT

THIS AMENDMENT is made as of January 5, 2011, to the Investment Advisory Agreement dated as of January 2, 2007, as amended (the “Agreement”), between Transamerica Funds and Transamerica Asset Management, Inc.

In consideration of the mutual covenants contained herein, the parties agree as follows:

1.	Fund Name Change. Any references to Transamerica BNY Mellon Market Neutral Strategy will be revised to mean Transamerica JPMorgan Long/Short Strategy, effective January 5, 2011.
2.	Schedule A. Schedule A to the Agreement is hereby deleted entirely and replaced as follows:

FUND		INVESTMENT ADVISER COMPENSATION*
Transamerica Xxxxxx Xxxxxx Bond		0.675% of the first $200 million
		0.625% over $200 million up to $750 million
		0.60% in excess of $750 million
Transamerica JPMorgan Long/Short Strategy		1.30%
Transamerica Xxxxxxx Sachs Commodity Strategy		0.61% of the first $200 million
		0.59% over $200 million up to $1 billion
		0.56% in excess of $1 billion
Transamerica First Quadrant Global Macro		1.40% of the first $150 million
		1.30% over $150 million up to $300 million
		1.20% in excess of $300 million

* As a percentage of average daily net assets on an annual basis

In all other respects, the Agreement dated January 2, 2007, as amended, is confirmed and remains in full force and effect.

The parties hereto have caused this amendment to be executed as of January 5, 2011.

	TRANSAMERICA FUNDS
	By:	/s/ Xxxxxxxxxxx X. Xxxxxxx
	Name:	Xxxxxxxxxxx X. Xxxxxxx
	Title:	Vice President and Chief Investment Officer
	TRANSAMERICA ASSET MANAGEMENT, INC.
	By:	/s/ Xxxxxx X. Xxxxxxxxx
	Name:	Xxxxxx X. Xxxxxxxxx
	Title:	Senior Vice President, General Counsel, Secretary and Operations