Exhibit (h)(3)(iv)

SCHEDULE A

DATED AS OF MARCH 1, 2011

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	CLASS P	MAXIMUM OPERATING EXPENSE LIMIT EFFECTIVE THROUGH
Transamerica AEGON High Yield Bond	0.95%	0.90%*	March 1, 2012
Transamerica AQR Managed Futures Strategy	1.45%	N/A	March 1, 2012
Transamerica Asset Allocation – Conservative Portfolio	0.45%	N/A	March 1, 2012
Transamerica Asset Allocation – Growth Portfolio	0.45%	N/A	March 1, 2012
Transamerica Asset Allocation – Moderate Growth  Portfolio	0.45%	N/A	March 1, 2012
Transamerica Asset Allocation – Moderate Portfolio	0.45%	N/A	March 1, 2012
Transamerica Balanced	1.45%	1.10%*	March 1, 2012
Transamerica BlackRock Global Allocation	1.00%	N/A	March 1, 2012
Transamerica BlackRock Large Cap Value	1.00%	N/A	March 1, 2012
Transamerica Clarion Global Real Estate Securities	N/A	N/A	March 1, 2012
Transamerica Diversified Equity	1.17%	1.15%*	March 1, 2012
Transamerica Federated Market Opportunity	1.05%	N/A	March 1, 2012
Transamerica First Quadrant Global Macro	1.65%	N/A	March 1, 2012
Transamerica Flexible Income	1.00%†	N/A	March 1, 2012
Transamerica Focus	1.20%	1.40%*	March 1, 2012
Transamerica Goldman Sachs Commodity Strategy	1.00%	N/A	March 1, 2012
Transamerica Growth Opportunities	1.40%	1.40%*	March 1, 2012
Transamerica Hansberger International Value	1.13%	N/A	March 1, 2012
Transamerica Jennison Growth	N/A	N/A	March 1, 2012
Transamerica JPMorgan Core Bond	0.70%	N/A	March 1, 2012
Transamerica JPMorgan International Bond	0.75%	N/A	March 1, 2012
Transamerica JPMorgan Long/Short Strategy	1.65%**	N/A	March 1, 2012
Transamerica JPMorgan Mid Cap Value	1.05%	N/A	March 1, 2012
Transamerica Loomis Sayles Bond	0.88%	N/A	March 1, 2012
Transamerica MFS International Equity	N/A	N/A	March 1, 2012
Transamerica Money Market	0.48%	0.48%	March 1, 2012
Transamerica Morgan Stanley Emerging Markets Debt	1.15%	N/A	March 1, 2012
Transamerica Morgan Stanley Mid-Cap Growth	1.00%	N/A	March 1, 2012
Transamerica Morgan Stanley Small Company Growth	1.15%	N/A	March 1, 2012
Transamerica Multi-Manager Alternative Strategies Portfolio	0.55%	N/A	March 1, 2012
Transamerica Multi-Manager International Portfolio	0.45%	N/A	March 1, 2012
Transamerica Neuberger Berman International	1.25%	N/A	March 1, 2012
Transamerica Oppenheimer Developing Markets	1.45%	N/A	March 1, 2012
Transamerica Oppenheimer Small- & Mid-Cap Value	1.15%	N/A	March 1, 2012
Transamerica PIMCO Real Return TIPS	N/A	N/A	March 1, 2012
Transamerica PIMCO Total Return	N/A	N/A	March 1, 2012
Transamerica Schroders International Small Cap	1.27%	N/A	March 1, 2012
Transamerica Short-Term Bond	0.85%†	N/A	March 1, 2012
Transamerica Small/Mid Cap Value	1.25%	N/A	March 1, 2012
Transamerica Third Avenue Value	1.00%	N/A	March 1, 2012
Transamerica Thornburg International Value	1.35%	N/A	March 1, 2012
Transamerica TS&W International Equity	1.15%	N/A	March 1, 2013
Transamerica UBS Large Cap Value	1.02%	N/A	March 1, 2012
Transamerica WMC Diversified Growth	1.17%	1.15%*	March 1, 2012
Transamerica WMC Emerging Markets	1.40%	N/A	March 1, 2012
Transamerica WMC Quality Value	1.00%	N/A	March 1, 2012

*    The expense caps for Class P shares are inclusive of 12b-1 fees.

**    Exclusive of dividend and income expense on short sales.

^†     The Investment Manager has agreed to further reduce Fund Operating Expenses by waiving 0.10% of the 0.35% 12b-1 fee for one year through March 1, 2012, as applicable to Class A shares of Transamerica Short-Term Bond and Class A shares of Transamerica Flexible Income.

SCHEDULE B

DATED AS OF MARCH 1, 2011

TRANSAMERICA FUNDS

FUNDS SUBJECT TO EXPENSE REIMBURSEMENT

FUND NAME

Transamerica AEGON High Yield Bond*

Transamerica AQR Managed Futures Strategy

Transamerica Asset Allocation - Conservative Portfolio

Transamerica Asset Allocation - Growth Portfolio 

Transamerica Asset Allocation - Moderate Growth Portfolio

Transamerica Asset Allocation - Moderate Portfolio

Transamerica Balanced

Transamerica BlackRock Global Allocation*

Transamerica BlackRock Large Cap Value

Transamerica Diversified Equity

Transamerica Federated Market Opportunity*

Transamerica First Quadrant Global Macro

Transamerica Flexible Income

Transamerica Focus*

Transamerica Goldman Sachs Commodity Strategy

Transamerica Growth Opportunities*

Transamerica Hansberger International Value*

Transamerica JPMorgan Core Bond

Transamerica JPMorgan International Bond*

Transamerica JPMorgan Long/Short Strategy

Transamerica JPMorgan Mid Cap Value

Transamerica Loomis Sayles Bond

Transamerica Money Market

Transamerica Morgan Stanley Emerging Markets Debt

Transamerica Morgan Stanley Mid Cap Growth*

Transamerica Morgan Stanley Small Company Growth

Transamerica Multi-Manager Alternative Strategies Portfolio

Transamerica Multi-Manager International Portfolio*

Transamerica Neuberger Berman International*

Transamerica Oppenheimer Developing Markets*

Transamerica Oppenheimer Small-& Mid-Cap Value

Transamerica Schroders International Small Cap

Transamerica Short-Term Bond

Transamerica Small/Mid Cap Value

Transamerica Third Avenue Value

Transamerica Thornburg International Value

Transamerica TS&W International Equity

Transamerica UBS Large Cap Value

Transamerica WMC Diversified Growth*

Transamerica WMC Emerging Markets

Transamerica WMC Quality Value

* The Fund may not recapture any fees waived and/or reimbursed prior to March 1, 2008.