Transamerica Emerging Markets Equity I NMFQS:TEOIX

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of the fund’s net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities (including60Transamerica Emerging Markets Equity (formerly, Transamerica Emerging Markets Opportunities) American Depository Receipts (“ADRs”), Global Depository Receipts (“GDRs”) and European Depository Receipts (“EDRs”)) of companies that are located and/or conduct substantial business activities in emerging markets, including frontier markets.