Quarterly Fund Facts | 3rd Quarter 2014

Transamerica Asset Allocation - Moderate Growth PortfolioClass A IMLAX | Class C IMLLX | Class I TMGIX as of 09/30/14

   

Investment ObjectiveThe fund seeks capital appreciation with currentincome as a secondary objective.

Sub-adviserMorningstar Associates, LLC.

Portfolio ManagersDario Castagna, CFADan McNeela, CFAMichael Stout, CFA

Product ProfileA comprehensive investment solution designed tohelp you achieve your tomorrows

Broad diversification in one long-terminvestment

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Active management with more than twentyunique investment managers

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Daily portfolio management and oversight byMorningstar Associates' experts

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Risk Measures 3 yearsAlpha -1.98Beta 1.08R-Squared 96.10Standard Deviation 8.65

Fixed Income StatisticsAverage Maturity 8.41 yearsAverage Duration 5.58 years

Equity StatisticsMedian Market Cap $6.56 (B)Weighted Average Market Cap $69.35 (B)B = Billions

Fund FactsInception Date (A-C-I) 03/01/02 - 11/11/02 - 11/30/09

Benchmark Index Wilshire 5000 Total MarketIndex, Barclays U.S. AggregateBond Index and TransamericaAsset Alloc. - Moderate GrowthBlended Benchmark

Morningstar Category Moderate Allocation

Lipper Category Mixed-Asset Target AllocationGrowth

Dividend Frequency Annually

Portfolio CharacteristicsNet Assets $3.02 Billion  

(all share classes)

Number of Holdings 32

Portfolio Turnover 12% (as of 04/30/2014)

Asset AllocationDomestic Equity 49.25%Domestic Debt 20.50%Foreign Equity 18.53%Foreign Debt 6.95%Cash & Cash Equivalent 4.67%

Morningstar Style Box™

VAL BLND GRW

LA

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IDS

MA

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EQUITY STYLE

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The Morningstar Style Box™reveals a fund’s investment style based on

portfolio holdings

Growth of a $10,000 InvestmentClass A without sales charge 03/01/02 to 09/30/14

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$20,361

$20,361 Thousands $

The chart illustrates the performance of a hypothetical $10,000 investment made in the fund on commencement of operations.Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges orredemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.The performance data presented represents past performance, which is no guarantee of future results. Current performance maybe lower or higher than the performance data quoted. Please see transamerica.com for performance data current to the mostrecent month-end. The investment return and principal value of mutual funds will fluctuate over time so that shares, whenredeemed, may be worth more or less than their original cost.

The Investment Company allocation represents ETFs and other underlying mutual funds held in the portfolio.Risk measures are in comparison to the fund's blended benchmark, unless otherwise indicated. Based on Class A shares at NAV forthe 3-year period.Alpha is a coefficient measuring the portion of a fund’s return arising from specific (non-market) risk. Historical Beta illustrates a fund’ssensitivity to price movement in relation to a benchmark index. R-Squared is a statistical measure that represents the percentage of afund’s movement that can be explained by movements in a benchmark index. Standard Deviation is a statistical measurement thathelps to gauge the fund’s historical volatility.Average Maturity is computed by weighting the maturity of each security in the portfolio by the market value of the security, thenaveraging these weighted figures.Average Duration is a time measure of a bond's interest rate sensitivity, based on the weighted average of the time periods over whicha bond's cash flows accrue to the bondholder.

   

Transamerica Asset Allocation - Moderate Growth PortfolioClass A IMLAX | Class C IMLLX | Class I TMGIX as of 09/30/14

   

Top 10 Holdings

Fund Name Sub-Adviser% of

Holdings

Transamerica Total Return Pacific Investment Management Company LLC 14.18

Transamerica Dividend Focused Barrow, Hanley, Mewhinney & Strauss, LLC 10.70

Transamerica Large Cap Value Levin Capital Strategies, L.P. 10.52

Transamerica Growth Jennison Associates LLC 7.07

Transamerica Core Bond J.P. Morgan Investment Management Inc. 5.10

Transamerica US Growth Wellington Management Company, LLP 4.89

Transamerica Capital Growth Institutional Capital LLC 4.62

Transamerica International Equity Opportunities MFS® Investment Management 4.23

Transamerica Managed Futures Strategy Morgan Stanley Investment Management Inc. 3.95

Transamerica Mid Cap Value J.P. Morgan Investment Management Inc. 3.88

Percentage of total portfolio   69.14

Each portfolio allocates its assets among Class I2 shares of various underlying funds of Transamerica Funds. Not all classes areavailable to investors. Holdings are subject to change and are not recommendations to buy or sell a security.

Total Return Performance (%)QTD YTD 1 Yr 3 Yr* 5 Yr* 10 Yr* Inception*

Class A (at NAV) -0.99 2.81 9.49 14.00 9.38 6.33 5.81

Class A (at POP) -6.42 -2.85 3.50 11.88 8.15 5.74 5.34

Wilshire 5000 Total Market Index -0.02 6.87 17.67 23.01 15.87 8.68 N/A

Barclays U.S. Aggregate Bond Index 0.17 4.10 3.96 2.43 4.12 4.62 N/A

Transamerica Asset Alloc. -Moderate Growth BlendedBenchmark

-0.64 5.13 11.70 14.85 10.59 7.11 -

*Average Annual Total Return

Calendar Year Performance (%)2013 2012 2011 2010 2009 2008 2007

Class A (at NAV) 20.24 12.67 -4.44 12.92 26.83 -32.73 8.65

Wilshire 5000 Total Market Index 33.98 16.11 0.60 17.87 29.40 -37.33 5.74

Barclays U.S. Aggregate Bond Index -2.02 4.22 7.84 6.54 5.93 5.24 6.97

Transamerica Asset Alloc. -Moderate Growth BlendedBenchmark

19.38 12.98 1.03 11.57 21.72 -27.45 7.34

Top 10 Equity Sector Weights (%)Financials 11.92

Information Technology 11.57

Health Care 10.11

Consumer Discretionary 9.90

Industrials 8.09

Consumer Staples 5.39

Energy 4.43

Materials 3.33

Utilities 1.70

Telecommunication Services 1.21

Sector weights display excludes cash and cash equivalents.

Top 10 Fixed Income Sector Weights (%)U.S. Government Obligation 4.31

Financials 4.10

Foreign Government Obligation 3.63

U.S. Government Agency Obligation 2.68

Mortgage-Backed Security 1.63

Asset-Backed Security 1.62

Consumer Discretionary 1.20

Telecommunication Services 0.80

Energy 0.68

Industrials 0.64

Sector weights display excludes cash and cash equivalents.

Transamerica Funds are advised by Transamerica Asset Management, Inc. and distributed by Transamerica Capital, Inc.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.MFFAAMG3Q1014

The performance data presented represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance dataquoted. Please see transamerica.com for performance data current to the most recent month-end. The investment return and principal value of mutual funds will fluctuate overtime so that shares, when redeemed, may be worth more or less than their original cost.Net asset value (NAV) returns include reinvestment of dividends and capital gains but do not reflect the deduction of any sales charges. Public offering price (POP) returns includereinvestment of dividends and capital gains and reflect the maximum sales charge of 5.50%. Performance for other share classes will vary.The gross expense ratios for this fund are 1.37%, 2.10% and 1.10% for Class A, C and I shares, respectively. The net expense ratios for this fund are 1.37%, 2.10% and 1.10% for Class A, Cand I shares respectively.Performance figures reflect any fee waivers and/or expense reimbursements by the Investment Adviser. Without such waivers and/or reimbursements, the performance would be lower. Futurewaivers and/or reimbursements are at the discretion of the Investment Adviser.The fund’s adviser, Transamerica Asset Management, Inc. (TAM), has chosen Morningstar Associates, LLC, a registered investment advisor and wholly owned subsidiary of Morningstar, Inc., to serve asportfolio construction manager to the Transamerica Asset Allocation Portfolios. Morningstar Associates is not acting in the capacity of an advisor to individual investors. Morningstar is not affiliated withTransamerica or its affiliates.The Wilshire 5000 Total Market Index, Barclays U.S. Aggregate Bond Index (“BAB”) and Transamerica Asset Allocation-Moderate Growth Blended Benchmark (“Transamerica Asset Alloc. - ModerateGrowth Blended Benchmark”) (49% S&P 500®, 30% BAB and 21% MSCI Europe, Australasia and Far East) are unmanaged indices used as general measures of market performance. It is not possible toinvest directly into an index. Calculations assume dividends and capital gains are reinvested and do not include any managerial expenses.Asset allocation, like all investment strategies, offers no guarantee of positive returns, and mutual funds are subject to market risk, including loss of principal. Global/international stock funds andspecialty/sector funds are subject to additional market risks. You should also note that fees associated with a fund-of-funds may be higher than with other funds. An investment in the fund is subject tothe risks associated with the underlying funds including fixed income investing which is subject to credit risk, inflation risk, and interest rate risk. Investments in small- and medium-sized companiespresent additional risks such as increased volatility because their earnings are less predictable, their share price more volatile, and their securities less liquid than larger or more established companies.Shares of the fund may only be sold by offering the fund’s prospectus. You should consider the investment objective, risks, charges, and expenses of the fund carefullybefore investing. The prospectus contains this and additional important information regarding the fund. To obtain the prospectus and/or a summary prospectus, pleasecontact your financial professional or go to transamerica.com. The prospectus should be read carefully before investing.