FOR VALIDATION PURPOSES ONLY


	Shares		Value
EXCHANGE-TRADED FUNDS - 45.6%
International Equity Funds - 10.2%
iShares Core MSCI EAFE ETF		29,560		$ 1,834,198
iShares Core MSCI Emerging Markets ETF		5,720		280,623
iShares Global REIT ETF		34,809		912,692

				3,027,513

U.S. Equity Fund - 12.7%
iShares Core S&P 500 ETF		9,174		3,798,874

U.S. Fixed Income Funds - 22.7%
iShares 0-5 Year TIPS Bond ETF		25,876		2,661,347
iShares Core U.S. Aggregate Bond ETF		39,626		4,123,878

				6,785,225

Total Exchange-Traded Funds (Cost $15,264,422)				13,611,612


INVESTMENT COMPANIES - 53.6%
International Equity Funds - 4.9%
Transamerica Emerging Markets Opportunities ^(A)		34,757		274,583
Transamerica International Focus ^(A)		73,915		573,581
Transamerica International Stock ^(A)		62,162		599,242

				1,447,406

International Fixed Income Fund - 5.1%
Transamerica Emerging Markets Debt ^(A)		174,595		1,518,974

U.S. Equity Funds - 13.7%
Transamerica Large Cap Value ^(A)		101,587		1,317,586
Transamerica Large Growth ^(A)		131,554		1,283,966
Transamerica Mid Cap Growth ^(A)		55,668		415,282


	Shares		Value
INVESTMENT COMPANIES (continued)
U.S. Equity Funds (continued)
Transamerica Mid Cap Value Opportunities ^(A)		40,138		$ 474,835
Transamerica Small Cap Growth ^(A)		43,232		285,330
Transamerica Small Cap Value ^(A)		44,514		308,485

				4,085,484

U.S. Fixed Income Funds - 29.9%
Transamerica Bond ^(A)		805,021		6,818,527
Transamerica High Yield Bond ^(A)		257,430		2,110,928

				8,929,455

Total Investment Companies (Cost $19,377,811)				15,981,319


	Principal		Value
REPURCHASE AGREEMENT - 1.0%
Fixed Income Clearing Corp., 0.65%^(B), dated 07/29/2022, to be repurchased at $294,278 on 08/01/2022. Collateralized by a U.S. Government Obligation, 3.00%, due 07/15/2025, and with a value of $300,217.		$ 294,262		294,262

Total Repurchase Agreement (Cost $294,262)				294,262

Total Investments (Cost $34,936,495)				29,887,193
Net Other Assets (Liabilities) - (0.2)%				(46,913	)

Net Assets - 100.0%				$ 29,840,280

Transamerica ClearTrack^® 2020 (the “Fund”) is a series of the Transamerica Funds.

All investments in securities are recorded at their estimated fair value. The Fund values its investments at the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business.

The Fund 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 the Fund’s own assumptions used in determining the fair value of 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 Fund’s investments at July 31, 2022, 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 Fund’s significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:

Exchange-traded funds (“ETF”): ETFs are stated at the last reported sale price or closing price on the day of valuation taken from the primary exchange where the ETF is principally traded. ETFs are generally categorized in Level 1 of the fair value hierarchy.

Investment companies: Certain investment companies are valued at the NAV as the practical expedient. These investment companies are not included within the fair value hierarchy. Certain other investment companies are valued at the actively traded NAV and no valuation adjustments are applied. These investment companies are 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.


Affiliated Investments	Value October 31, 2021		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)			Value July 31, 2022		Shares as of July 31, 2022		Dividend Income		Net Capital Gain Distributions
Transamerica Bond	$	—	$	8,968,321	$	(1,200,212	)	$	(115,442	)	$	(834,140	)	$	6,818,527		805,021	$	146,626	$	44,236
Transamerica Emerging Markets Debt		—		1,941,139		(105,899	)		(10,599	)		(305,667	)		1,518,974		174,595		55,751		—
Transamerica Emerging Markets Opportunities		—		411,859		(18,159	)		(3,901	)		(115,216	)		274,583		34,757		26,841		9,687
Transamerica High Yield Bond		—		2,706,498		(317,088	)		(26,220	)		(252,262	)		2,110,928		257,430		76,967		—
Transamerica International Focus		—		800,155		(52,151	)		(6,939	)		(167,484	)		573,581		73,915		21,968		21,852
Transamerica International Stock		—		818,113		(92,151	)		(8,954	)		(117,766	)		599,242		62,162		23,134		38,644
Transamerica Large Cap Value		—		1,662,630		(222,035	)		(5,768	)		(117,241	)		1,317,586		101,587		38,565		—
Transamerica Large Growth		—		2,353,152		(142,703	)		(91,318	)		(835,165	)		1,283,966		131,554		26,228		283,112
Transamerica Mid Cap Growth		—		739,507		(13,665	)		(10,352	)		(300,208	)		415,282		55,668		59,489		111,889
Transamerica Mid Cap Value Opportunities		—		693,851		(103,605	)		(26,154	)		(89,257	)		474,835		40,138		49,393		76,342
Transamerica Small Cap Growth		—		415,506		(9,070	)		(3,038	)		(118,068	)		285,330		43,232		6,910		31,518
Transamerica Small Cap Value		—		540,460		(49,070	)		(38,887	)		(144,018	)		308,485		44,514		111,909		51,473

Total	$	—	$	22,051,191	$	(2,325,808	)	$	(347,572	)	$	(3,396,492	)	$	15,981,319		1,824,573	$	643,781	$	668,753


(B)		Rate disclosed reflects the yield at July 31, 2022.
(C)		There were no transfers in or out of Level 3 during the period ended July 31, 2022. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.


	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	13,611,612	$	—	$	—	$	13,611,612
Investment Companies		15,981,319		—		—		15,981,319
Repurchase Agreement		—		294,262		—		294,262

Total Investments	$	29,592,931	$	294,262	$	—	$	29,887,193


(A)		Affiliated investment in the Class R6 shares of Transamerica Funds. The Fund’s transactions and earnings are as follows:


Transamerica Funds			Page 1


REIT		Real Estate Investment Trust


Transamerica Funds			Page 2


Transamerica Funds			Page 3