NPORT-EX 2 NPORT_IXFX_65906569_0324.htm HTML

Transamerica Aegon High Yield Bond VP

 

SCHEDULE OF INVESTMENTS

At March 31, 2024

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES - 96.1%  
Aerospace & Defense - 1.3%  

TransDigm, Inc.

      

4.88%, 05/01/2029

      $ 937,000        $ 871,486  

5.50%, 11/15/2027

      754,000        738,315  

6.38%, 03/01/2029 (A)

      383,000        384,677  

6.88%, 12/15/2030 (A)

      385,000        392,468  

7.13%, 12/01/2031 (A)

      85,000        87,585  

Triumph Group, Inc.

      

9.00%, 03/15/2028 (A)

      822,000        866,880  
     

 

 

  
        3,341,411  
     

 

 

  
Automobile Components - 2.8%  

Clarios Global LP

      

6.75%, 05/15/2025 (A)

      365,000        365,372  

Clarios Global LP/Clarios US Finance Co.

      

6.25%, 05/15/2026 (A)

      462,000        461,610  

6.75%, 05/15/2028 (A)

      419,000        424,749  

8.50%, 05/15/2027 (A)

      846,000        847,111  

Dana Financing Luxembourg SARL

      

5.75%, 04/15/2025 (A)

      705,000        701,276  

Dana, Inc.

      

4.25%, 09/01/2030 (B)

      76,000        67,172  

4.50%, 02/15/2032

      889,000        767,859  

5.63%, 06/15/2028 (B)

      218,000        212,762  

Goodyear Tire & Rubber Co.

      

4.88%, 03/15/2027 (B)

      361,000        348,841  

5.00%, 05/31/2026 (B)

      512,000        501,064  

5.00%, 07/15/2029

      434,000        405,199  

9.50%, 05/31/2025

      766,000        772,598  

ZF North America Capital, Inc.

      

4.75%, 04/29/2025 (A)

      635,000        627,181  

6.88%, 04/14/2028 (A)

      435,000        451,182  

7.13%, 04/14/2030 (A)

      303,000        319,281  
     

 

 

  
        7,273,257  
     

 

 

  
Automobiles - 1.7%  

Ford Motor Co.

      

6.10%, 08/19/2032 (B)

      140,000        142,095  

Ford Motor Credit Co. LLC

      

2.70%, 08/10/2026

      245,000        228,457  

3.38%, 11/13/2025

      627,000        603,332  

4.00%, 11/13/2030

      625,000        558,413  

4.39%, 01/08/2026

      676,000        659,490  

4.95%, 05/28/2027

      693,000        676,211  

6.95%, 03/06/2026

      541,000        551,428  

7.35%, 11/04/2027 - 03/06/2030

      973,000        1,032,438  
     

 

 

  
        4,451,864  
     

 

 

  
Banks - 2.6%  

Barclays PLC

      

Fixed until 11/02/2025,
7.33% (C), 11/02/2026

      600,000        614,808  

Citigroup, Inc.

      

Fixed until 12/10/2025 (D),
4.00% (C)

      207,000        198,474  

Fixed until 09/12/2024 (D),
5.00% (B) (C)

     1,116,000        1,109,181  

Deutsche Bank AG

      

Fixed until 10/14/2030,
3.73% (C), 01/14/2032

      699,000        589,197  

Fixed until 11/10/2032,
7.08% (C), 02/10/2034

      465,000        478,610  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Banks (continued)  

Intesa Sanpaolo SpA

      

Fixed until 06/01/2031,
4.20% (C), 06/01/2032 (A)

      $  972,000        $  814,676  

5.71%, 01/15/2026 (A)

      651,000        645,408  

7.00%, 11/21/2025 (A)

      200,000        203,683  

Fixed until 11/21/2032,
8.25% (C), 11/21/2033 (A)

      411,000        459,740  

JPMorgan Chase & Co.

      

Fixed until 02/01/2025 (D),
4.60% (C)

      926,000        910,063  

Lloyds Banking Group PLC

      

Fixed until 06/27/2024 (D),
7.50% (C)

      419,000        416,104  

Fixed until 08/15/2032,
7.95% (C), 11/15/2033

      200,000        225,165  
     

 

 

  
        6,665,109  
     

 

 

  
Beverages - 0.6%  

Primo Water Holdings, Inc.

      

4.38%, 04/30/2029 (A) (B)

      1,665,000        1,531,231  
     

 

 

  
Building Products - 2.1%  

Boise Cascade Co.

      

4.88%, 07/01/2030 (A)

      1,383,000        1,284,430  

Builders FirstSource, Inc.

      

4.25%, 02/01/2032 (A)

      1,305,000        1,170,578  

5.00%, 03/01/2030 (A)

      212,000        202,579  

6.38%, 06/15/2032 (A)

      461,000        467,746  

Camelot Return Merger Sub, Inc.

      

8.75%, 08/01/2028 (A)

      870,000        893,326  

Cornerstone Building Brands, Inc.

      

6.13%, 01/15/2029 (A)

      448,000        399,326  

EMRLD Borrower LP/Emerald Co-Issuer, Inc.

      

6.63%, 12/15/2030 (A)

      881,000        889,720  
     

 

 

  
        5,307,705  
     

 

 

  
Capital Markets - 0.3%  

LPL Holdings, Inc.

      

4.00%, 03/15/2029 (A)

      677,000        622,720  

4.63%, 11/15/2027 (A)

      180,000        172,636  
     

 

 

  
        795,356  
     

 

 

  
Chemicals - 1.7%  

ASP Unifrax Holdings, Inc.

      

5.25%, 09/30/2028 (A)

      368,000        240,263  

Avient Corp.

      

7.13%, 08/01/2030 (A)

      279,000        286,890  

Eagle Intermediate Global Holding BV/Eagle US Finance LLC

      

7.50%, 05/01/2025 (A)

      836,000        533,992  

NOVA Chemicals Corp.

      

4.25%, 05/15/2029 (A)

      364,000        311,503  

4.88%, 06/01/2024 (A)

      282,000        280,865  

5.25%, 06/01/2027 (A)

      1,262,000        1,189,003  

Olin Corp.

      

5.00%, 02/01/2030 (B)

      538,000        510,688  

5.13%, 09/15/2027

      427,000        417,119  

5.63%, 08/01/2029 (B)

      470,000        464,061  

Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc.

      

5.13%, 04/01/2029 (A)

      668,000        193,720  
     

 

 

  
        4,428,104  
     

 

 

  
Commercial Services & Supplies - 4.4%  

Allied Universal Holdco LLC

      

7.88%, 02/15/2031 (A)

      1,156,000        1,171,081  
 

 

Transamerica Series Trust

     Page 1      

Transamerica Aegon High Yield Bond VP

 

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Commercial Services & Supplies (continued)  

Avis Budget Car Rental LLC/Avis Budget Finance, Inc.

      

5.75%, 07/15/2027 (A)

      $  738,000        $  714,397  

8.00%, 02/15/2031 (A) (B)

      1,250,000        1,247,714  

Benteler International AG

      

10.50%, 05/15/2028 (A)

      760,000        821,702  

Covanta Holding Corp.

      

4.88%, 12/01/2029 (A)

      501,000        448,942  

5.00%, 09/01/2030

      458,000        403,457  

Garda World Security Corp.

      

6.00%, 06/01/2029 (A) (B)

      640,000        571,886  

9.50%, 11/01/2027 (A)

      299,000        299,719  

GFL Environmental, Inc.

      

6.75%, 01/15/2031 (A)

      355,000        363,948  

Herc Holdings, Inc.

      

5.50%, 07/15/2027 (A)

      1,702,000        1,671,517  

Hertz Corp.

      

4.63%, 12/01/2026 (A)

      69,000        62,638  

5.00%, 12/01/2029 (A) (B)

      1,376,000        1,060,553  

United Rentals North America, Inc.

      

3.75%, 01/15/2032

      395,000        344,886  

4.00%, 07/15/2030

      707,000        643,352  

5.50%, 05/15/2027

      77,000        76,744  

6.00%, 12/15/2029 (A)

      802,000        807,402  

WW International, Inc.

      

4.50%, 04/15/2029 (A)

      1,178,000        463,614  
     

 

 

  
        11,173,552  
     

 

 

  
Communications Equipment - 0.3%  

CommScope, Inc.

      

4.75%, 09/01/2029 (A)

      726,000        519,090  

8.25%, 03/01/2027 (A)

      620,000        289,081  
     

 

 

  
        808,171  
     

 

 

  
Construction & Engineering - 1.9%  

Ashton Woods USA LLC/Ashton Woods Finance Co.

      

4.63%, 08/01/2029 (A)

      202,000        186,391  

6.63%, 01/15/2028 (A)

      830,000        832,686  

Beazer Homes USA, Inc.

      

5.88%, 10/15/2027

      396,000        390,513  

7.25%, 10/15/2029

      783,000        793,380  

7.50%, 03/15/2031 (A)

      743,000        750,569  

Century Communities, Inc.

      

6.75%, 06/01/2027

      999,000        1,005,178  

KB Home

      

7.25%, 07/15/2030

      326,000        337,367  

Landsea Homes Corp.

      

8.88%, 04/01/2029 (A) (E)

      531,000        528,303  

Meritage Homes Corp.

      

6.00%, 06/01/2025 (B)

      89,000        88,901  
     

 

 

  
        4,913,288  
     

 

 

  
Construction Materials - 1.2%  

Smyrna Ready Mix Concrete LLC

      

6.00%, 11/01/2028 (A)

      1,006,000        985,275  

8.88%, 11/15/2031 (A)

      1,654,000        1,767,945  

Summit Materials LLC/Summit Materials Finance Corp.

      

7.25%, 01/15/2031 (A)

      215,000        223,517  
     

 

 

  
        2,976,737  
     

 

 

  
Consumer Staples Distribution & Retail - 1.0%  

Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP

      

3.50%, 03/15/2029 (A)

      952,000        854,872  

4.63%, 01/15/2027 (A)

      791,000        765,839  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Consumer Staples Distribution & Retail (continued)  

Albertsons Cos., Inc./Safeway, Inc./New
Albertsons LP (continued)

      

6.50%, 02/15/2028 (A)

      $  858,000        $  867,016  

7.50%, 03/15/2026 (A)

      155,000        157,703  
     

 

 

  
        2,645,430  
     

 

 

  
Containers & Packaging - 6.1%  

ARD Finance SA

      

PIK Rate 7.25%, Cash Rate
6.50%, 06/30/2027 (A) (F)

      472,000        157,952  

Ardagh Metal Packaging Finance USA
LLC/Ardagh Metal Packaging Finance PLC

      

3.25%, 09/01/2028 (A) (B)

      442,000        381,879  

4.00%, 09/01/2029 (A) (B)

      873,000        704,243  

6.00%, 06/15/2027 (A)

      275,000        267,139  

Ardagh Packaging Finance PLC/Ardagh
Holdings USA, Inc.

      

5.25%, 08/15/2027 (A) (B)

      889,000        560,070  

Ball Corp.

      

2.88%, 08/15/2030

      1,547,000        1,319,903  

6.00%, 06/15/2029

      57,000        57,553  

6.88%, 03/15/2028

      709,000        728,844  

Cascades, Inc./Cascades USA, Inc.

      

5.13%, 01/15/2026 (A) (B)

      200,000        196,704  

5.38%, 01/15/2028 (A) (B)

      538,000        516,556  

Clydesdale Acquisition Holdings, Inc.

      

6.63%, 04/15/2029 (A)

      1,005,000        1,005,457  

Crown Americas LLC/Crown Americas Capital Corp. VI

      

4.75%, 02/01/2026

      1,788,000        1,759,018  

Graphic Packaging International LLC

      

3.50%, 03/15/2028 - 03/01/2029 (A)

      1,087,000        996,621  

3.75%, 02/01/2030 (A)

      404,000        359,287  

4.13%, 08/15/2024

      312,000        309,348  

Mauser Packaging Solutions Holding Co.

      

7.88%, 08/15/2026 (A)

      466,000        474,825  

9.25%, 04/15/2027 (A)

      148,000        146,746  

OI European Group BV

      

4.75%, 02/15/2030 (A)

      353,000        324,907  

Owens-Brockway Glass Container, Inc.

      

6.38%, 08/15/2025 (A)

      214,000        215,079  

7.25%, 05/15/2031 (A) (B)

      439,000        447,085  

Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.

      

4.38%, 10/15/2028 (A)

      38,000        35,455  

Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC

      

4.00%, 10/15/2027 (A) (B)

      1,527,000        1,424,072  

Sealed Air Corp.

      

5.50%, 09/15/2025 (A)

      125,000        124,533  

6.88%, 07/15/2033 (A)

      887,000        924,959  

Sealed Air Corp./Sealed Air Corp. US

      

6.13%, 02/01/2028 (A)

      364,000        364,973  

7.25%, 02/15/2031 (A)

      553,000        574,938  

Trivium Packaging Finance BV

      

5.50%, 08/15/2026 (A)

      828,000        816,087  

8.50%, 08/15/2027 (A)

      345,000        340,664  
     

 

 

  
        15,534,897  
     

 

 

  
Diversified REITs - 0.8%  

HAT Holdings I LLC/HAT Holdings II LLC

      

3.38%, 06/15/2026 (A)

      1,044,000        983,478  

6.00%, 04/15/2025 (A) (B)

      199,000        198,194  
 

 

Transamerica Series Trust

     Page 2      

Transamerica Aegon High Yield Bond VP

 

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Diversified REITs (continued)  

HAT Holdings I LLC/HAT Holdings II LLC (continued)

 

   

8.00%, 06/15/2027 (A)

      $  418,000        $  435,831  

Iron Mountain Information Management Services, Inc.

      

5.00%, 07/15/2032 (A)

      505,000        462,178  
     

 

 

  
        2,079,681  
     

 

 

  
Diversified Telecommunication Services - 1.6%  

Iliad Holding SASU

      

6.50%, 10/15/2026 (A)

      459,000        454,823  

7.00%, 10/15/2028 (A)

      534,000        528,395  

Level 3 Financing, Inc.

      

3.63%, 01/15/2029 (A)

      418,000        187,001  

3.75%, 07/15/2029 (A)

      1,290,000        576,811  

4.25%, 07/01/2028 (A)

      924,000        442,855  

10.50%, 05/15/2030 (A) (B)

      1,070,000        1,094,075  

Telecom Italia Capital SA

      

6.00%, 09/30/2034

      412,000        376,588  

6.38%, 11/15/2033

      499,000        471,433  
     

 

 

  
        4,131,981  
     

 

 

  
Electric Utilities - 0.5%  

Elwood Energy LLC

      

8.16%, 07/05/2026

      161,350        132,508  

Vistra Operations Co. LLC

      

4.38%, 05/01/2029 (A)

      267,000        247,338  

5.00%, 07/31/2027 (A)

      771,000        746,621  

5.63%, 02/15/2027 (A)

      69,000        67,946  
     

 

 

  
        1,194,413  
     

 

 

  
Electrical Equipment - 1.0%  

Energizer Holdings, Inc.

      

4.38%, 03/31/2029 (A) (B)

      502,000        450,812  

6.50%, 12/31/2027 (A) (B)

      710,000        706,183  

WESCO Distribution, Inc.

      

6.38%, 03/15/2029 (A)

      572,000        577,922  

6.63%, 03/15/2032 (A)

      195,000        198,229  

7.13%, 06/15/2025 (A)

      626,000        626,640  
     

 

 

  
        2,559,786  
     

 

 

  
Electronic Equipment, Instruments & Components - 0.3%  

Sensata Technologies BV

      

4.00%, 04/15/2029 (A) (B)

      412,000        376,209  

Sensata Technologies, Inc.

      

3.75%, 02/15/2031 (A)

      66,000        57,073  

4.38%, 02/15/2030 (A)

      301,000        273,976  
     

 

 

  
        707,258  
     

 

 

  
Energy Equipment & Services - 1.2%  

Archrock Partners LP/Archrock Partners Finance Corp.

     

6.25%, 04/01/2028 (A)

      788,000        779,450  

CSI Compressco LP/CSI Compressco Finance, Inc.

      

PIK Rate 3.50%, Cash Rate
10.00%, 04/01/2026 (A) (F)

      652,549        685,176  

7.50%, 04/01/2025 (A)

      730,000        730,000  

Sunnova Energy Corp.

      

5.88%, 09/01/2026 (A) (B)

      592,000        462,469  

11.75%, 10/01/2028 (A) (B)

      579,000        450,973  
     

 

 

  
        3,108,068  
     

 

 

  
Financial Services - 2.0%  

Ally Financial, Inc.

      

Fixed until 06/13/2028,
6.99% (C), 06/13/2029

      636,000        659,653  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Financial Services (continued)  

ILFC E-Capital Trust I

      

3-Month Term SOFR + 1.81%,
7.14% (C), 12/21/2065 (A)

      $  2,322,000        $  1,813,679  

ILFC E-Capital Trust II

      

3-Month Term SOFR + 2.06%,
7.39% (C), 12/21/2065 (A)

      959,000        765,318  

Macquarie Airfinance Holdings Ltd.

      

6.40%, 03/26/2029 (A)

      155,000        157,429  

6.50%, 03/26/2031 (A)

      65,000        66,173  

8.13%, 03/30/2029 (A)

      964,000        1,019,491  

United Wholesale Mortgage LLC

      

5.50%, 04/15/2029 (A)

      291,000        275,304  

5.75%, 06/15/2027 (A)

      466,000        453,195  
     

 

 

  
        5,210,242  
     

 

 

  
Food Products - 1.5%  

Chobani LLC/Chobani Finance Corp., Inc.

      

7.63%, 07/01/2029 (A)

      513,000        518,825  

Darling Ingredients, Inc.

      

5.25%, 04/15/2027 (A)

      210,000        206,258  

6.00%, 06/15/2030 (A)

      117,000        115,970  

Kraft Heinz Foods Co.

      

5.00%, 06/04/2042

      329,000        308,172  

6.88%, 01/26/2039

      180,000        203,515  

Post Holdings, Inc.

      

4.50%, 09/15/2031 (A)

      339,000        304,960  

4.63%, 04/15/2030 (A)

      713,000        655,228  

5.50%, 12/15/2029 (A)

      973,000        940,563  

5.63%, 01/15/2028 (A) (B)

      361,000        354,536  

6.25%, 02/15/2032 (A)

      331,000        333,418  
     

 

 

  
        3,941,445  
     

 

 

  
Health Care Equipment & Supplies - 0.8%  

Kedrion SpA

      

6.50%, 09/01/2029 (A) (B)

      776,000        705,384  

Medline Borrower LP

      

3.88%, 04/01/2029 (A)

      1,076,000        980,464  

Medline Borrower LP/Medline Co-Issuer, Inc.

      

6.25%, 04/01/2029 (A)

      220,000        221,183  
     

 

 

  
        1,907,031  
     

 

 

  
Health Care Providers & Services - 4.7%  

Acadia Healthcare Co., Inc.

      

5.00%, 04/15/2029 (A)

      1,035,000        984,486  

AdaptHealth LLC

      

4.63%, 08/01/2029 (A)

      66,000        56,784  

5.13%, 03/01/2030 (A) (B)

      150,000        130,789  

6.13%, 08/01/2028 (A)

      1,077,000        1,011,432  

CHS/Community Health Systems, Inc.

      

5.25%, 05/15/2030 (A)

      853,000        695,590  

5.63%, 03/15/2027 (A)

      319,000        293,325  

6.88%, 04/15/2029 (A) (B)

      63,000        47,217  

8.00%, 03/15/2026 (A)

      311,000        310,512  

DaVita, Inc.

      

3.75%, 02/15/2031 (A)

      1,288,000        1,078,231  

4.63%, 06/01/2030 (A)

      838,000        750,328  

Encompass Health Corp.

      

4.50%, 02/01/2028

      603,000        574,248  

4.63%, 04/01/2031

      60,000        54,543  

4.75%, 02/01/2030

      218,000        204,193  

5.75%, 09/15/2025

      1,004,000        1,001,261  

HCA, Inc.

      

5.88%, 02/01/2029

      182,000        186,150  
 

 

Transamerica Series Trust

     Page 3      

Transamerica Aegon High Yield Bond VP

 

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Health Care Providers & Services (continued)  

Heartland Dental LLC/Heartland Dental Finance Corp.

      

10.50%, 04/30/2028 (A)

      $  601,000        $  638,562  

Molina Healthcare, Inc.

      

4.38%, 06/15/2028 (A)

      922,000        866,703  

Tenet Healthcare Corp.

      

4.25%, 06/01/2029

      807,000        750,193  

4.63%, 06/15/2028

      28,000        26,658  

5.13%, 11/01/2027

      647,000        632,868  

6.13%, 10/01/2028 (B)

      1,201,000        1,198,121  

6.13%, 06/15/2030

     451,000        449,959  
     

 

 

  
        11,942,153  
     

 

 

  
Health Care REITs - 0.2%  

MPT Operating Partnership LP/MPT Finance Corp.

      

3.50%, 03/15/2031 (B)

      879,000        606,033  
     

 

 

  
Hotel & Resort REITs - 0.5%  

Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer

      

5.88%, 10/01/2028 (A)

      392,000        384,086  

7.50%, 06/01/2025 (A)

      875,000        876,750  
     

 

 

  
        1,260,836  
     

 

 

  
Hotels, Restaurants & Leisure - 10.6%  

1011778 BC ULC/New Red Finance, Inc.

      

3.88%, 01/15/2028 (A)

      242,000        227,464  

4.00%, 10/15/2030 (A)

      636,000        565,556  

Boyne USA, Inc.

      

4.75%, 05/15/2029 (A)

      1,131,000        1,048,106  

Caesars Entertainment, Inc.

      

4.63%, 10/15/2029 (A) (B)

      661,000        602,653  

6.50%, 02/15/2032 (A)

      335,000        338,121  

7.00%, 02/15/2030 (A)

      77,000        79,023  

Carnival Corp.

      

6.00%, 05/01/2029 (A)

      1,423,000        1,403,498  

7.00%, 08/15/2029 (A) (B)

      109,000        113,714  

7.63%, 03/01/2026 (A)

      192,000        194,388  

10.50%, 06/01/2030 (A)

      412,000        450,650  

Carnival Holdings Bermuda Ltd.

      

10.38%, 05/01/2028 (A)

      332,000        362,241  

Churchill Downs, Inc.

      

5.75%, 04/01/2030 (A)

      912,000        882,220  

6.75%, 05/01/2031 (A)

      441,000        443,501  

Hilton Domestic Operating Co., Inc.

      

4.88%, 01/15/2030

      622,000        596,393  

5.38%, 05/01/2025 (A)

      37,000        36,875  

5.75%, 05/01/2028 (A)

      69,000        68,919  

5.88%, 04/01/2029 (A)

      81,000        81,132  

Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, Inc.

      

4.88%, 07/01/2031 (A)

      944,000        845,265  

5.00%, 06/01/2029 (A)

      453,000        422,815  

International Game Technology PLC

      

4.13%, 04/15/2026 (A)

      227,000        220,096  

5.25%, 01/15/2029 (A)

      217,000        209,671  

6.25%, 01/15/2027 (A)

      214,000        215,558  

6.50%, 02/15/2025 (A)

      434,000        435,557  

Light & Wonder International, Inc.

      

7.00%, 05/15/2028 (A)

      731,000        736,794  

7.50%, 09/01/2031 (A)

      928,000        965,731  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Hotels, Restaurants & Leisure (continued)  

MGM Resorts International

      

4.63%, 09/01/2026

      $  341,000        $  333,602  

4.75%, 10/15/2028 (B)

      633,000        601,916  

5.50%, 04/15/2027 (B)

      924,000        916,187  

5.75%, 06/15/2025 (B)

      649,000        648,331  

6.50%, 04/15/2032 (E)

      806,000        803,033  

6.75%, 05/01/2025

      556,000        555,646  

NCL Corp. Ltd.

      

5.88%, 03/15/2026 - 02/15/2027 (A)

      1,614,000        1,593,123  

8.13%, 01/15/2029 (A)

      383,000        405,145  

Royal Caribbean Cruises Ltd.

      

5.38%, 07/15/2027 (A)

      500,000        492,875  

5.50%, 04/01/2028 (A)

      412,000        407,186  

6.25%, 03/15/2032 (A)

      171,000        172,458  

8.25%, 01/15/2029 (A)

      279,000        295,418  

Scientific Games Holdings LP/Scientific Games US FinCo, Inc.

      

6.63%, 03/01/2030 (A)

      661,000        639,017  

Station Casinos LLC

      

4.50%, 02/15/2028 (A)

      1,696,000        1,597,719  

6.63%, 03/15/2032 (A)

      404,000        408,215  

Travel & Leisure Co.

      

4.50%, 12/01/2029 (A) (B)

      392,000        360,370  

5.65%, 04/01/2024

      823,000        823,000  

6.00%, 04/01/2027

      926,000        925,706  

6.60%, 10/01/2025

      148,000        149,069  

Viking Cruises Ltd.

      

5.88%, 09/15/2027 (A) (B)

      1,374,000        1,348,475  

7.00%, 02/15/2029 (A) (B)

      710,000        712,871  

9.13%, 07/15/2031 (A)

      251,000        274,691  

Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.

      

7.13%, 02/15/2031 (A)

      1,155,000        1,195,380  
     

 

 

  
        27,205,374  
     

 

 

  
Household Products - 0.3%  

Central Garden & Pet Co.

      

4.13%, 04/30/2031 (A)

      738,000        650,543  
     

 

 

  
Independent Power & Renewable Electricity Producers - 1.5%  

Calpine Corp.

      

3.75%, 03/01/2031 (A)

     581,000        509,542  

4.50%, 02/15/2028 (A)

      753,000        714,450  

5.00%, 02/01/2031 (A)

      140,000        128,408  

5.13%, 03/15/2028 (A)

      472,000        453,035  

5.25%, 06/01/2026 (A)

      700,000        692,720  

Clearway Energy Operating LLC

      

3.75%, 02/15/2031 (A)

      360,000        308,935  

4.75%, 03/15/2028 (A)

      583,000        554,216  

NRG Energy, Inc.

      

3.38%, 02/15/2029 (A)

      193,000        171,436  

3.63%, 02/15/2031 (A)

      62,000        53,444  

3.88%, 02/15/2032 (A)

      31,000        26,569  

5.75%, 01/15/2028

      280,000        278,449  
     

 

 

  
        3,891,204  
     

 

 

  
Insurance - 2.3%  

Constellation Insurance, Inc.

      

6.80%, 01/24/2030 (A)

      1,361,000        1,330,458  

Global Atlantic Finance Co.

      

Fixed until 07/15/2026,
4.70% (C), 10/15/2051 (A)

      732,000        659,837  

7.95%, 06/15/2033 (A)

      623,000        692,525  
 

 

Transamerica Series Trust

     Page 4      

Transamerica Aegon High Yield Bond VP

 

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Insurance (continued)  

Hartford Financial Services Group, Inc.

      

3-Month Term SOFR + 2.39%,
7.69% (C), 02/12/2067 (A)

      $  1,028,000        $  914,503  

HUB International Ltd.

      

7.25%, 06/15/2030 (A)

      370,000        380,368  

7.38%, 01/31/2032 (A)

      210,000        211,414  

Lincoln National Corp.

      

3-Month Term SOFR + 2.62%,
7.94% (C), 05/17/2066

      1,057,000        845,815  

Panther Escrow Issuer LLC

      

7.13%, 06/01/2031 (A) (E)

      895,000        910,868  
     

 

 

  
        5,945,788  
     

 

 

  
Internet & Catalog Retail - 0.9%  

Uber Technologies, Inc.

      

4.50%, 08/15/2029 (A)

      496,000        470,545  

6.25%, 01/15/2028 (A)

      59,000        59,243  

7.50%, 09/15/2027 (A)

      883,000        904,119  

8.00%, 11/01/2026 (A)

      907,000        917,927  
     

 

 

  
        2,351,834  
     

 

 

  
IT Services - 0.4%  

Conduent Business Services LLC/Conduent State & Local Solutions, Inc.

      

6.00%, 11/01/2029 (A)

      1,032,000        933,933  
     

 

 

  
Leisure Products - 0.4%  

Amer Sports Co.

      

6.75%, 02/16/2031 (A)

      892,000        891,087  
     

 

 

  
Machinery - 2.1%  

Advanced Drainage Systems, Inc.

      

5.00%, 09/30/2027 (A)

      217,000        210,510  

6.38%, 06/15/2030 (A)

      238,000        239,262  

Chart Industries, Inc.

      

7.50%, 01/01/2030 (A)

      1,247,000        1,295,275  

GrafTech Global Enterprises, Inc.

      

9.88%, 12/15/2028 (A) (B)

      239,000        176,909  

Madison IAQ LLC

      

4.13%, 06/30/2028 (A)

      494,000        457,074  

5.88%, 06/30/2029 (A)

      793,000        725,835  

SPX Flow, Inc.

      

8.75%, 04/01/2030 (A) (B)

      1,274,000        1,286,830  

Wabash National Corp.

      

4.50%, 10/15/2028 (A)

      988,000        906,252  
     

 

 

  
        5,297,947  
     

 

 

  
Media - 8.6%  

CCO Holdings LLC/CCO Holdings Capital Corp.

      

4.25%, 02/01/2031 - 01/15/2034 (A)

      846,000        653,012  

4.50%, 08/15/2030 - 06/01/2033 (A)

      934,000        752,380  

4.50%, 05/01/2032

      698,000        560,607  

4.75%, 03/01/2030 - 02/01/2032 (A)

      1,775,000        1,492,544  

5.00%, 02/01/2028 (A)

      423,000        393,916  

5.38%, 06/01/2029 (A)

      290,000        265,378  

5.50%, 05/01/2026 (A) (B)

      348,000        342,742  

Clear Channel Outdoor Holdings, Inc.

      

7.50%, 06/01/2029 (A) (B)

      61,000        50,465  

7.75%, 04/15/2028 (A) (B)

      244,000        213,614  

9.00%, 09/15/2028 (A)

      699,000        728,663  

CSC Holdings LLC

      

4.13%, 12/01/2030 (A)

      248,000        177,258  

4.50%, 11/15/2031 (A)

      662,000        468,608  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Media (continued)  

CSC Holdings LLC (continued)

      

5.38%, 02/01/2028 (A)

      $  400,000        $  344,734  

5.75%, 01/15/2030 (A)

      2,580,000        1,365,868  

6.50%, 02/01/2029 (A)

      460,000        390,060  

7.50%, 04/01/2028 (A)

      500,000        337,151  

11.75%, 01/31/2029 (A)

      200,000        200,283  

DISH DBS Corp.

      

5.25%, 12/01/2026 (A)

      173,000        136,119  

5.75%, 12/01/2028 (A)

      455,000        312,786  

7.38%, 07/01/2028

      360,000        171,900  

7.75%, 07/01/2026

      218,000        145,883  

DISH Network Corp.

      

11.75%, 11/15/2027 (A)

      354,000        360,570  

Gray Television, Inc.

      

4.75%, 10/15/2030 (A) (B)

      662,000        434,379  

5.38%, 11/15/2031 (A) (B)

      1,156,000        758,208  

7.00%, 05/15/2027 (A) (B)

      260,000        242,084  

iHeartCommunications, Inc.

      

5.25%, 08/15/2027 (A) (B)

      564,000        411,078  

6.38%, 05/01/2026

      495,000        421,887  

8.38%, 05/01/2027

      1,147,386        640,836  

LCPR Senior Secured Financing DAC

      

5.13%, 07/15/2029 (A)

      1,506,000        1,261,576  

6.75%, 10/15/2027 (A)

      816,000        765,794  

Sirius XM Radio, Inc.

      

3.13%, 09/01/2026 (A)

      211,000        197,700  

4.13%, 07/01/2030 (A)

      1,015,000        887,209  

5.00%, 08/01/2027 (A)

      31,000        29,828  

5.50%, 07/01/2029 (A)

      373,000        355,229  

TEGNA, Inc.

      

4.63%, 03/15/2028

      481,000        439,937  

4.75%, 03/15/2026 (A)

      244,000        239,192  

Univision Communications, Inc.

      

6.63%, 06/01/2027 (A)

      796,000        779,265  

7.38%, 06/30/2030 (A) (B)

      93,000        91,887  

8.00%, 08/15/2028 (A)

      272,000        277,107  

Virgin Media Finance PLC

      

5.00%, 07/15/2030 (A)

      647,000        546,916  

Virgin Media Secured Finance PLC

      

5.50%, 05/15/2029 (A)

      1,139,000        1,053,399  

VZ Secured Financing BV

      

5.00%, 01/15/2032 (A)

      2,548,000        2,187,392  
     

 

 

  
        21,885,444  
     

 

 

  
Metals & Mining - 5.1%  

Big River Steel LLC/BRS Finance Corp.

      

6.63%, 01/31/2029 (A)

      1,137,000        1,143,366  

Cleveland-Cliffs, Inc.

      

7.00%, 03/15/2032 (A) (B)

      775,000        785,911  

Constellium SE

      

5.63%, 06/15/2028 (A)

      1,025,000        996,520  

5.88%, 02/15/2026 (A)

      1,818,000        1,805,527  

Enviri Corp.

      

5.75%, 07/31/2027 (A)

      1,424,000        1,340,784  

FMG Resources August 2006 Pty. Ltd.

      

5.88%, 04/15/2030 (A)

      718,000        706,498  

6.13%, 04/15/2032 (A)

      698,000        690,341  

Freeport-McMoRan, Inc.

      

4.13%, 03/01/2028

      526,000        502,602  

4.38%, 08/01/2028

      512,000        491,915  

Mineral Resources Ltd.

      

8.13%, 05/01/2027 (A)

      872,000        882,093  

8.50%, 05/01/2030 (A)

      988,000        1,018,404  

9.25%, 10/01/2028 (A)

      99,000        104,169  

New Gold, Inc.

      

7.50%, 07/15/2027 (A)

      1,032,000        1,034,332  
 

 

Transamerica Series Trust

     Page 5      

Transamerica Aegon High Yield Bond VP

 

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Metals & Mining (continued)  

Novelis Corp.

      

3.25%, 11/15/2026 (A)

      $  70,000        $  65,224  

3.88%, 08/15/2031 (A)

      71,000        60,996  

4.75%, 01/30/2030 (A)

      1,620,000        1,495,381  
     

 

 

  
        13,124,063  
     

 

 

  
Mortgage Real Estate Investment Trusts - 0.4%  

Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.

      

4.25%, 02/01/2027 (A)

      364,000        340,660  

5.25%, 10/01/2025 (A)

      632,000        620,677  
     

 

 

  
        961,337  
     

 

 

  
Oil, Gas & Consumable Fuels - 12.0%  

Antero Midstream Partners LP/Antero Midstream Finance Corp.

      

5.38%, 06/15/2029 (A)

      690,000        663,496  

6.63%, 02/01/2032 (A)

      320,000        321,633  

7.88%, 05/15/2026 (A)

      810,000        826,900  

Callon Petroleum Co.

      

6.38%, 07/01/2026

      180,000        181,913  

7.50%, 06/15/2030 (A)

      423,000        447,323  

8.00%, 08/01/2028 (A)

      219,000        228,855  

Chord Energy Corp.

      

6.38%, 06/01/2026 (A)

      764,000        767,115  

Civitas Resources, Inc.

      

5.00%, 10/15/2026 (A)

      424,000        414,928  

8.63%, 11/01/2030 (A)

      28,000        30,067  

8.75%, 07/01/2031 (A)

      940,000        1,005,841  

Comstock Resources, Inc.

      

5.88%, 01/15/2030 (A)

      619,000        560,748  

CrownRock LP/CrownRock Finance, Inc.

      

5.00%, 05/01/2029 (A)

      17,000        16,789  

5.63%, 10/15/2025 (A)

      1,849,000        1,844,913  

DCP Midstream Operating LP

      

5.38%, 07/15/2025

      600,000        597,772  

DT Midstream, Inc.

      

4.13%, 06/15/2029 (A)

      392,000        360,380  

4.38%, 06/15/2031 (A)

      122,000        110,501  

Energy Transfer LP

      

8.00%, 04/01/2029 (A)

      1,125,000        1,166,418  

EnLink Midstream LLC

      

6.50%, 09/01/2030 (A)

      435,000        447,369  

EQM Midstream Partners LP

      

6.00%, 07/01/2025 (A)

      59,000        59,059  

6.38%, 04/01/2029 (A)

      769,000        775,301  

6.50%, 07/01/2027 (A)

      366,000        369,213  

Genesis Energy LP/Genesis Energy Finance Corp.

      

8.25%, 01/15/2029 (B)

      37,000        37,987  

8.88%, 04/15/2030

      407,000        425,990  

Hess Midstream Operations LP

      

4.25%, 02/15/2030 (A)

      31,000        28,482  

5.13%, 06/15/2028 (A)

      657,000        635,220  

HF Sinclair Corp.

      

6.38%, 04/15/2027 (A)

      678,000        682,298  

Ithaca Energy North Sea PLC

      

9.00%, 07/15/2026 (A) (B)

      875,000        884,167  

Kinder Morgan, Inc.

      

7.75%, 01/15/2032

      245,000        278,045  

8.05%, 10/15/2030

      134,000        152,600  

Matador Resources Co.

      

6.50%, 04/15/2032 (A) (E)

      184,000        184,534  

Moss Creek Resources Holdings, Inc.

      

7.50%, 01/15/2026 (A)

      115,000        114,913  

10.50%, 05/15/2027 (A)

      507,000        522,899  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Oil, Gas & Consumable Fuels (continued)  

NuStar Logistics LP

      

5.63%, 04/28/2027

      $  742,000        $  733,927  

5.75%, 10/01/2025

      115,000        114,430  

6.00%, 06/01/2026

      111,000        110,495  

Occidental Petroleum Corp.

      

6.13%, 01/01/2031

      79,000        81,813  

6.45%, 09/15/2036

      1,194,000        1,273,519  

6.63%, 09/01/2030

      899,000        951,169  

7.15%, 05/15/2028

      433,000        455,096  

Ovintiv, Inc.

      

7.38%, 11/01/2031

      276,000        302,657  

Parkland Corp.

      

4.50%, 10/01/2029 (A)

      341,000        315,446  

4.63%, 05/01/2030 (A)

      77,000        71,088  

5.88%, 07/15/2027 (A)

      531,000        526,425  

PBF Holding Co. LLC/PBF Finance Corp.

      

7.88%, 09/15/2030 (A)

      687,000        713,727  

Permian Resources Operating LLC

      

7.00%, 01/15/2032 (A)

      979,000        1,015,607  

SM Energy Co.

      

5.63%, 06/01/2025 (B)

      299,000        297,593  

6.50%, 07/15/2028 (B)

      77,000        77,322  

6.63%, 01/15/2027

      832,000        831,216  

6.75%, 09/15/2026

      222,000        222,205  

Southwestern Energy Co.

      

4.75%, 02/01/2032

      286,000        263,249  

5.38%, 03/15/2030

      540,000        519,639  

Summit Midstream Holdings LLC/Summit Midstream Finance Corp.

      

9.00% (G), 10/15/2026 (A)

      340,000        343,901  

Summit Midstream Partners LP

      

Fixed until 05/01/2023 (D),
13.02% (C)

      672,000        698,880  

Targa Resources Partners LP/Targa Resources Partners Finance Corp.

      

4.88%, 02/01/2031

      145,000        138,709  

5.00%, 01/15/2028

      150,000        147,513  

5.50%, 03/01/2030

      716,000        712,604  

6.50%, 07/15/2027

      255,000        257,820  

Venture Global LNG, Inc.

      

9.50%, 02/01/2029 (A)

      959,000        1,033,100  

9.88%, 02/01/2032 (A)

      1,090,000        1,174,811  

Vital Energy, Inc.

      

9.75%, 10/15/2030

      530,000        579,515  

10.13%, 01/15/2028

      438,000        459,735  

Western Midstream Operating LP

      

5.30%, 03/01/2048

      1,122,000        975,829  

5.45%, 04/01/2044

      251,000        230,703  
     

 

 

  
        30,773,412  
     

 

 

  
Paper & Forest Products - 0.7%  

Domtar Corp.

      

6.75%, 10/01/2028 (A)

      970,000        880,248  

Glatfelter Corp.

      

4.75%, 11/15/2029 (A) (B)

      1,171,000        997,754  
     

 

 

  
        1,878,002  
     

 

 

  
Personal Care Products - 0.6%  

Coty, Inc.

      

5.00%, 04/15/2026 (A)

      582,000        573,557  

6.50%, 04/15/2026 (A)

      791,000        792,283  

Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC

      

6.63%, 07/15/2030 (A)

      243,000        246,763  
     

 

 

  
        1,612,603  
     

 

 

  
 

 

Transamerica Series Trust

     Page 6      

Transamerica Aegon High Yield Bond VP

 

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Pharmaceuticals - 1.0%  

Bausch Health Americas, Inc.

      

8.50%, 01/31/2027 (A)

      $  532,000        $  312,679  

Bausch Health Cos., Inc.

      

5.00%, 01/30/2028 - 02/15/2029 (A)

      574,000        242,672  

5.25%, 01/30/2030 - 02/15/2031 (A)

      619,000        255,667  

7.00%, 01/15/2028 (A)

      161,000        71,766  

Grifols SA

      

4.75%, 10/15/2028 (A) (B)

      613,000        507,227  

Organon & Co./Organon Foreign Debt Co-Issuer BV

      

4.13%, 04/30/2028 (A)

      685,000        638,519  

5.13%, 04/30/2031 (A)

      453,000        401,329  
     

 

 

  
        2,429,859  
     

 

 

  
Professional Services - 0.3%  

Gartner, Inc.

      

3.63%, 06/15/2029 (A)

      273,000        246,992  

3.75%, 10/01/2030 (A)

      211,000        188,895  

4.50%, 07/01/2028 (A)

      451,000        429,659  
     

 

 

  
        865,546  
     

 

 

  
Real Estate Management & Development - 0.3%  

Cushman & Wakefield US Borrower LLC

      

6.75%, 05/15/2028 (A) (B)

      510,000        503,631  

8.88%, 09/01/2031 (A) (B)

      351,000        371,018  
     

 

 

  
        874,649  
     

 

 

  
Software - 1.6%  

Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.

      

8.00%, 06/15/2029 (A)

      819,000        848,825  

Crowdstrike Holdings, Inc.

      

3.00%, 02/15/2029

      829,000        735,138  

Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL

      

4.63%, 05/01/2028 (A)

      813,000        729,485  

MSCI, Inc.

      

3.63%, 09/01/2030 (A)

      986,000        874,747  

Rackspace Technology Global, Inc.

      

3.50%, 02/15/2028 (A)

      511,000        176,634  

UKG, Inc.

      

6.88%, 02/01/2031 (A)

      620,000        631,616  
     

 

 

  
        3,996,445  
     

 

 

  
Specialized REITs - 1.0%  

Iron Mountain, Inc.

      

4.50%, 02/15/2031 (A)

      183,000        165,140  

5.25%, 03/15/2028 (A)

      994,000        961,800  

7.00%, 02/15/2029 (A)

      346,000        352,455  

VICI Properties LP/VICI Note Co., Inc.

      

3.88%, 02/15/2029 (A)

      319,000        293,620  

4.63%, 06/15/2025 (A)

      182,000        179,209  

5.75%, 02/01/2027 (A)

      480,000        479,434  
     

 

 

  
        2,431,658  
     

 

 

  
Specialty Retail - 0.7%  

Bath & Body Works, Inc.

      

6.63%, 10/01/2030 (A) (B)

      236,000        241,116  

6.75%, 07/01/2036

      497,000        501,962  

6.88%, 11/01/2035

      325,000        332,458  

7.50%, 06/15/2029 (B)

      549,000        570,612  

9.38%, 07/01/2025 (A)

      56,000        58,428  
     

 

 

  
        1,704,576  
     

 

 

  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Technology Hardware, Storage & Peripherals - 1.0%  

NCR Voyix Corp.

      

5.00%, 10/01/2028 (A)

      $  329,000        $  306,447  

5.13%, 04/15/2029 (A)

      1,105,000        1,024,804  

5.25%, 10/01/2030 (A)

      481,000        435,169  

Western Digital Corp.

      

4.75%, 02/15/2026

      774,000        756,500  
     

 

 

  
        2,522,920  
     

 

 

  
Wireless Telecommunication Services - 1.2%  

Altice France SA

      

8.13%, 02/01/2027 (A) (B)

      416,000        320,870  

Sprint LLC

      

7.13%, 06/15/2024

      630,000        630,959  

Vmed O2 UK Financing I PLC

      

4.25%, 01/31/2031 (A)

      585,000        493,945  

4.75%, 07/15/2031 (A)

      1,029,000        887,381  

7.75%, 04/15/2032 (A) (E)

      776,000        777,940  
     

 

 

  
        3,111,095  
     

 

 

  

Total Corporate Debt Securities
(Cost $254,912,100)

 

      245,834,358  
     

 

 

  
LOAN ASSIGNMENTS - 1.9%  
Automobile Components - 0.2%  

Clarios Global LP

      

Term Loan B,

      

1-Month Term SOFR + 3.00%, 8.33% (C), 05/06/2030

      434,910        435,345  
     

 

 

  
Commercial Services & Supplies - 0.4%  

Garda World Security Corp.

      

Term Loan B,

      

3-Month Term SOFR + 4.25%,
9.58% (C), 02/01/2029

      895,000        895,373  
     

 

 

  
Containers & Packaging - 0.5%  

Anchor Glass Container Corp.

      

Term Loan,

      

3-Month Term SOFR + 5.00%, 10.57% - 10.83% (C), 12/07/2025

      879,210        735,239  

Reynolds Group Holdings, Inc.

      

Term Loan B2,

      

1-Month Term SOFR + 3.25%, 8.69% (C), 02/05/2026

      203,941        204,427  

Trident TPI Holdings, Inc.

      

Term Loan,

      

3-Month Term SOFR + 4.50%, 9.81% (C), 09/15/2028

      402,241        402,185  
     

 

 

  
        1,341,851  
     

 

 

  
Hotels, Restaurants & Leisure - 0.3%  

Caesars Entertainment, Inc.

      

Term Loan B1,

      

3-Month Term SOFR + 2.75%, 8.04% (C), 02/06/2031

      775,000        774,612  
     

 

 

  
IT Services - 0.0% (H)  

Rackspace Technology Global, Inc.

      

1st Lien Term Loan,

      

3-Month Term SOFR + 6.25%, 11.58% (C), 05/15/2028

      96,027        95,067  
     

 

 

  
 

 

Transamerica Series Trust

     Page 7      

Transamerica Aegon High Yield Bond VP

 

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

 

     Principal      Value  
LOAN ASSIGNMENTS (continued)  
Software - 0.5%  

Central Parent, Inc.

      

Term Loan B,

      

3-Month Term SOFR + 4.00%, 9.31% (C), 07/06/2029

      $  748,492        $  750,163  

UKG, Inc.

      

Term Loan B,

      

TBD, 02/10/2031 (E) (I)

      645,000        647,419  
     

 

 

  
        1,397,582  
     

 

 

  

Total Loan Assignments
(Cost $4,956,681)

 

      4,939,830  
     

 

 

  
     Shares      Value  
COMMON STOCKS - 0.1%  
Electric Utilities - 0.0% (H)  

Homer City Generation LLC (J) (K)

      39,132        391  
     

 

 

  
Oil, Gas & Consumable Fuels - 0.0%  

Ultra Resources, Inc. (J) (K) (L)

      123        0  
     

 

 

  
Software - 0.1%  

Avaya Holdings Corp. (J) (M)

      33,145        182,298  
     

 

 

  

Total Common Stocks
(Cost $2,523,065)

 

      182,689  
     

 

 

  
OTHER INVESTMENT COMPANY - 7.0%  
Securities Lending Collateral - 7.0%  

State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 5.29% (N)

      17,925,613        17,925,613  
     

 

 

  

Total Other Investment Company
(Cost $17,925,613)

 

      17,925,613  
     

 

 

  
     Principal      Value  
REPURCHASE AGREEMENT - 1.5%  

Fixed Income Clearing Corp., 2.50% (N), dated 03/28/2024, to be repurchased at $3,716,070 on 04/01/2024. Collateralized by a U.S. Government Obligation, 4.25%, due 12/31/2025, and with a value of $3,789,374.

      $ 3,715,038        3,715,038  
     

 

 

  

Total Repurchase Agreement
(Cost $3,715,038)

 

      3,715,038  
     

 

 

  

Total Investments
(Cost $284,032,497)

 

      272,597,528  

Net Other Assets (Liabilities) - (6.6)%

         (16,802,692 ) 
     

 

 

  

Net Assets - 100.0%

         $ 255,794,836  
     

 

 

  
 

 

Transamerica Series Trust

     Page 8      

Transamerica Aegon High Yield Bond VP

 

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

 

INVESTMENT VALUATION:

 

Valuation Inputs (O)

 

     Level 1 -
Unadjusted
Quoted
Prices		      Level 2 -
Other
Significant
Observable
Inputs		      Level 3 -
Significant
Unobservable
Inputs (P)		      Value  

ASSETS

            

Investments

 

Corporate Debt Securities

    $ —       $ 245,834,358      $ —       $ 245,834,358  

Loan Assignments

      —         4,939,830        —         4,939,830  

Common Stocks

      —         182,298        391        182,689  

Other Investment Company

      17,925,613        —         —         17,925,613  

Repurchase Agreement

      —         3,715,038        —         3,715,038  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Investments

    $  17,925,613      $  254,671,524      $  391      $  272,597,528  
  

 

 

     

 

 

     

 

 

     

 

 

  

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

 

(A)      Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2024, the total value of 144A securities is $188,178,900, representing 73.6% of the Portfolio’s net assets.
(B)      All or a portion of the securities are on loan. The total value of all securities on loan is $24,250,912, collateralized by cash collateral of $17,925,613 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $6,834,805. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(C)      Floating or variable rate securities. The rates disclosed are as of March 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(D)      Perpetual maturity. The date displayed is the next call date.
(E)      When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after March 31, 2024. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(F)      Payment in-kind. Securities pay interest or dividends in the form of additional bonds or preferred stock. If the securities make a cash payment in addition to in-kind, the cash rate is disclosed separately.
(G)      Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of March 31, 2024; the maturity date disclosed is the ultimate maturity date.
(H)      Percentage rounds to less than 0.1% or (0.1)%.
(I)      All or a portion of the security represents an unsettled loan commitment at March 31, 2024 where the rate will be determined at time of settlement.
(J)      Non-income producing securities.
(K)      Securities are Level 3 of the fair value hierarchy.
(L)      Security deemed worthless.
(M)      Fair valued as determined in good faith in accordance with procedures established by the Board. At March 31, 2024, the value of the security is $182,298, representing 0.1% of the Portfolio’s net assets.
(N)      Rates disclosed reflect the yields at March 31, 2024.
(O)      There were no transfers in or out of Level 3 during the period ended March 31, 2024. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.
(P)      Level 3 securities were not considered significant to the Portfolio.

PORTFOLIO ABBREVIATIONS:

 

REIT

    Real Estate Investment Trust

SOFR

    Secured Overnight Financing Rate

TBD

    To Be Determined

 

Transamerica Series Trust

     Page 9      

Transamerica Aegon High Yield Bond VP

 

NOTES TO SCHEDULE OF INVESTMENTS

At March 31, 2024

(unaudited)

 

INVESTMENT VALUATION

Transamerica Aegon High Yield Bond VP (the “Portfolio”) is a series of the Transamerica Series Trust.

Transamerica Asset Management, Inc. (“TAM”) has been designated as the Portfolio’s valuation designee pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, with responsibility for fair valuation subject to oversight by the Portfolio’s Board of Trustees. The net asset value of the Portfolio is computed as of the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business.

TAM utilizes various methods to measure the fair value of its investments on a recurring basis. Generally Accepted Accounting Principles in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels (“Levels”) of inputs of the fair value hierarchy are defined as follows:

Level 1 — Unadjusted quoted prices in active markets for identical securities.

Level 2 — Inputs, other than quoted prices included in Level 1, which are observable, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include TAM’s own assumptions used in determining the fair value of the Portfolio’s investments.

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value (“NAV”) per share, or its equivalent, using the “practical expedient” have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Portfolio’s investments at March 31, 2024, is disclosed within the Investment Valuation section of the Schedule of Investments.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material.

Fair value measurements: Descriptions of the valuation techniques applied to the Portfolio’s significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:

Corporate debt securities: The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

Loan assignments: Loan assignments are normally valued using an income approach, which projects future cash flows and converts those future cash flows to a present value using a discount rate. The resulting present value reflects the likely fair value of the loan. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise are categorized in Level 3.

Equity securities: Securities are stated at the last reported sales price or closing price on the day of valuation taken from the primary exchange where the security is principally traded. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Equities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or Level 3 if inputs are unobservable.

 

Transamerica Series Trust

     Page 10      

Transamerica Aegon High Yield Bond VP

 

NOTES TO SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

 

Foreign equity securities: Securities in which the primary trading market closes at the same time or after the NYSE, are valued based on quotations from the primary market in which they are traded and are categorized in Level 1. Because many foreign securities markets and exchanges close prior to the close of the NYSE, closing prices for foreign securities in those markets or on those exchanges do not reflect the events that occur after that close. Certain foreign securities may be fair valued using a pricing service that considers the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts, financial futures, or ETFs and the movement of certain indices of securities based on a statistical analysis of their historical relationship; such valuations generally are categorized in Level 2.

Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.

Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.

 

Transamerica Series Trust

     Page 11