NPORT-EX 2 NPORT_I0DC_77149726_0722.htm FOR VALIDATION PURPOSES ONLY - [397013.I0DC]

Transamerica Large Growth

 

SCHEDULE OF INVESTMENTS

At July 31, 2022

(unaudited)

 

     Shares      Value  
COMMON STOCKS - 96.7%  
Aerospace & Defense - 0.6%  

Raytheon Technologies Corp.

     46,806        $  4,362,787  
     

 

 

 
Automobiles - 1.6%  

Rivian Automotive, Inc., Class A (A) (B)

     50,654        1,737,432  

Tesla, Inc. (A)

     10,877        9,696,302  
     

 

 

 
        11,433,734  
     

 

 

 
Beverages - 1.4%  

Constellation Brands, Inc., Class A

     19,653        4,840,731  

Monster Beverage Corp. (A)

     53,610        5,340,628  
     

 

 

 
        10,181,359  
     

 

 

 
Biotechnology - 2.5%  

Alnylam Pharmaceuticals, Inc. (A)

     7,417        1,053,511  

Ginkgo Bioworks Holdings, Inc. (A) (B)

     590,208        1,687,995  

Moderna, Inc. (A)

     7,403        1,214,758  

Regeneron Pharmaceuticals, Inc. (A)

     6,986        4,063,686  

Seagen, Inc. (A)

     19,790        3,561,804  

Vertex Pharmaceuticals, Inc. (A)

     21,770        6,104,526  
     

 

 

 
        17,686,280  
     

 

 

 
Building Products - 1.3%  

Builders FirstSource, Inc. (A)

     46,213        3,142,484  

Fortune Brands Home & Security, Inc.

     41,200        2,870,816  

Johnson Controls International PLC

     62,569        3,373,095  
     

 

 

 
        9,386,395  
     

 

 

 
Capital Markets - 0.7%  

Coinbase Global, Inc., Class A (A)

     44,939        2,829,359  

Morgan Stanley

     30,063        2,534,311  
     

 

 

 
        5,363,670  
     

 

 

 
Chemicals - 0.6%  

PPG Industries, Inc.

     34,481        4,458,049  
     

 

 

 
Commercial Services & Supplies - 0.1%  

Aurora Innovation, Inc. (A)

     314,352        798,454  
     

 

 

 
Consumer Finance - 1.4%  

American Express Co.

     40,282        6,204,234  

S&P Global, Inc.

     8,698        3,278,537  

Upstart Holdings, Inc. (A) (B)

     27,067        658,540  
     

 

 

 
        10,141,311  
     

 

 

 
Entertainment - 3.7%  

ROBLOX Corp., Class A (A)

     439,171        18,853,611  

Sea Ltd., ADR (A)

     64,422        4,916,687  

Walt Disney Co. (A)

     30,074        3,190,851  
     

 

 

 
        26,961,149  
     

 

 

 
Equity Real Estate Investment Trusts - 0.9%  

Prologis, Inc.

     29,108        3,858,557  

Rexford Industrial Realty, Inc.

     42,976        2,811,060  
     

 

 

 
        6,669,617  
     

 

 

 
Health Care Equipment & Supplies - 1.5%  

Align Technology, Inc. (A)

     7,660        2,152,230  

Dexcom, Inc. (A)

     23,744        1,948,907  

Edwards Lifesciences Corp. (A)

     36,809        3,700,777  

Teleflex, Inc.

     11,895        2,860,272  
     

 

 

 
        10,662,186  
     

 

 

 
     Shares      Value  
COMMON STOCKS (continued)  
Health Care Providers & Services - 3.5%  

agilon health, Inc. (A)

     437,645        $   10,954,254  

Guardant Health, Inc. (A)

     67,920        3,407,546  

UnitedHealth Group, Inc.

     20,478        11,106,039  
     

 

 

 
        25,467,839  
     

 

 

 
Health Care Technology - 2.3%  

Doximity, Inc., Class A (A) (B)

     146,652        6,206,313  

GoodRx Holdings, Inc., Class A (A)

     164,085        1,022,249  

Veeva Systems, Inc., Class A (A)

     40,933        9,151,800  
     

 

 

 
        16,380,362  
     

 

 

 
Hotels, Restaurants & Leisure - 2.4%  

Airbnb, Inc., Class A (A)

     64,450        7,152,661  

Booking Holdings, Inc. (A)

     2,440        4,723,083  

Chipotle Mexican Grill, Inc. (A)

     3,667        5,735,995  
     

 

 

 
        17,611,739  
     

 

 

 
Interactive Media & Services - 3.6%  

Alphabet, Inc., Class A (A)

     145,980        16,980,394  

Meta Platforms, Inc., Class A (A)

     24,275        3,862,152  

ZoomInfo Technologies, Inc. (A)

     139,270        5,276,940  
     

 

 

 
        26,119,486  
     

 

 

 
Internet & Direct Marketing Retail - 10.5%  

Amazon.com, Inc. (A)

     178,566        24,097,482  

Chewy, Inc., Class A (A) (B)

     200,449        7,779,426  

Coupang, Inc. (A)

     476,211        8,233,688  

DoorDash, Inc., Class A (A)

     240,802        16,795,940  

Etsy, Inc. (A)

     22,752        2,359,837  

Grab Holdings Ltd., Class A (A)

     1,624,661        4,792,750  

MercadoLibre, Inc. (A)

     9,399        7,648,060  

Wayfair, Inc., Class A (A) (B)

     81,425        4,389,622  
     

 

 

 
        76,096,805  
     

 

 

 
IT Services - 15.3%  

Adyen NV (A) (B) (C)

     8,053        14,485,510  

Affirm Holdings, Inc. (A) (B)

     157,225        4,219,919  

Block, Inc. (A)

     104,652        7,959,831  

Cloudflare, Inc., Class A (A)

     369,676        18,602,096  

FleetCor Technologies, Inc. (A)

     20,383        4,486,094  

Global Payments, Inc.

     22,593        2,763,576  

Mastercard, Inc., Class A

     29,176        10,322,177  

MongoDB, Inc. (A)

     22,751        7,109,005  

Shopify, Inc., Class A (A)

     489,116        17,035,910  

Snowflake, Inc., Class A (A)

     159,726        23,944,525  
     

 

 

 
        110,928,643  
     

 

 

 
Leisure Products - 0.2%  

Peloton Interactive, Inc., Class A (A)

     110,412        1,047,810  
     

 

 

 
Life Sciences Tools & Services - 1.9%  

10X Genomics, Inc., Class A (A)

     105,054        4,217,918  

Illumina, Inc. (A)

     14,548        3,152,261  

Thermo Fisher Scientific, Inc.

     10,430        6,241,416  
     

 

 

 
        13,611,595  
     

 

 

 
 

 

Transamerica Funds

    Page    1         

Transamerica Large Growth

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

 

     Shares      Value  
COMMON STOCKS (continued)  
Machinery - 1.4%  

Deere & Co.

     18,531        $   6,359,469  

Nordson Corp.

     15,304        3,535,071  
     

 

 

 
        9,894,540  
     

 

 

 
Oil, Gas & Consumable Fuels - 0.5%  

Pioneer Natural Resources Co.

     15,956        3,780,774  
     

 

 

 
Personal Products - 0.6%  

Estee Lauder Cos., Inc., Class A

     16,034        4,378,885  
     

 

 

 
Pharmaceuticals - 4.3%  

Eli Lilly & Co.

     27,674        9,123,841  

Royalty Pharma PLC, Class A

     505,827        21,998,416  
     

 

 

 
        31,122,257  
     

 

 

 
Road & Rail - 2.4%  

Uber Technologies, Inc. (A)

     739,212        17,334,521  
     

 

 

 
Semiconductors & Semiconductor Equipment - 5.7%  

Advanced Micro Devices, Inc. (A)

     48,213        4,554,682  

ASML Holding NV

     22,095        12,692,252  

KLA Corp.

     10,862        4,166,012  

Marvell Technology, Inc.

     44,732        2,490,678  

NVIDIA Corp.

     50,013        9,083,861  

Teradyne, Inc.

     23,236        2,344,280  

Texas Instruments, Inc.

     32,442        5,803,549  
     

 

 

 
        41,135,314  
     

 

 

 
Software - 17.7%  

Adobe, Inc. (A)

     12,547        5,145,776  

Avalara, Inc. (A)

     25,995        2,272,483  

Bill.com Holdings, Inc. (A)

     91,936        12,418,715  

Datadog, Inc., Class A (A)

     178,949        18,254,588  

Five9, Inc. (A)

     26,117        2,823,770  

Microsoft Corp.

     115,434        32,406,941  

Palo Alto Networks, Inc. (A)

     9,771        4,876,706  

Paycom Software, Inc. (A)

     10,066        3,326,712  

Salesforce, Inc. (A)

     31,329        5,765,163  

ServiceNow, Inc. (A)

     11,038        4,930,233  

Trade Desk, Inc., Class A (A)

     367,446        16,535,070  

Unity Software, Inc. (A) (B)

     203,306        7,601,611  

Workday, Inc., Class A (A)

     19,122        2,965,822  

Zoom Video Communications, Inc., Class A (A)

     83,586        8,681,242  
     

 

 

 
        128,004,832  
     

 

 

 
Specialty Retail - 1.1%  

Carvana Co. (A) (B)

     44,717        1,303,500  

TJX Cos., Inc.

     104,385        6,384,187  
     

 

 

 
        7,687,687  
     

 

 

 
Technology Hardware, Storage & Peripherals - 5.5%  

Apple, Inc.

     221,695        36,027,655  

NetApp, Inc.

     49,176        3,507,724  
     

 

 

 
        39,535,379  
     

 

 

 
Textiles, Apparel & Luxury Goods - 1.5%  

Lululemon Athletica, Inc. (A)

     15,003        4,658,581  

NIKE, Inc., Class B

     55,642        6,394,379  
     

 

 

 
        11,052,960  
     

 

 

 

Total Common Stocks
(Cost $695,559,694)

 

     699,296,419  
  

 

 

 
     Shares      Value  
OTHER INVESTMENT COMPANY - 2.3%  
Securities Lending Collateral - 2.3%  

State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.27% (D)

     16,534,578        $   16,534,578  
     

 

 

 

Total Other Investment Company
(Cost $16,534,578)

 

     16,534,578  
  

 

 

 

Total Investments Excluding Options Purchased
(Cost $712,094,272)

 

     715,830,997  

Total Options Purchased - 0.1%
(Cost $1,423,634)

 

     345,265  
  

 

 

 

Total Investments
(Cost $713,517,906)

 

     716,176,262  

Net Other Assets (Liabilities) - 1.0%

        7,535,520  
     

 

 

 

Net Assets - 100.0%

        $  723,711,782  
     

 

 

 
 

 

Transamerica Funds

    Page    2         

Transamerica Large Growth

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

 

OVER-THE-COUNTER FOREIGN EXCHANGE OPTIONS PURCHASED:

 

 

Description

  

Counterparty

   Exercise
Price
   Expiration
Date
   Notional Amount/
Number of
Contracts
   Premiums
Paid
   Value

Put - USD vs. CNH

       JPM      USD     7.53        07/21/2023      USD     74,053,377      $ 367,675      $ 227,122

Put - USD vs. CNH

       GSI      USD     7.27        11/10/2022      USD     132,378,116        635,496        118,081

Put - USD vs. CNH

       JPM      USD     7.31        08/05/2022      USD     61,905,670        420,463        62
                        

 

 

      

 

 

 

Total

                         $     1,423,634      $     345,265
                        

 

 

      

 

 

 

INVESTMENT VALUATION:

 

Valuation Inputs (E)

 

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

ASSETS

 

Investments

 

Common Stocks

   $ 684,810,909      $ 14,485,510      $ —        $     699,296,419  

Other Investment Company

     16,534,578        —          —          16,534,578  

Over-the-Counter Foreign Exchange Options Purchased

     —          345,265        —          345,265  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Investments

   $     701,345,487      $     14,830,775      $     —        $ 716,176,262  
  

 

 

    

 

 

    

 

 

    

 

 

 

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

 

(A)      Non-income producing securities.
(B)      All or a portion of the securities are on loan. The total value of all securities on loan is $27,172,769, collateralized by cash collateral of $16,534,578 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $11,281,579. 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)      Security is exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Security may be resold as transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2022, the value of the 144A security is $14,485,510, representing 2.0% of the Fund’s net assets.
(D)      Rate disclosed reflects the yield at July 31, 2022.
(E)      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.

CURRENCY ABBREVIATIONS:

 

CNH

   Chinese Yuan Renminbi (offshore)

USD

   United States Dollar

COUNTERPARTY ABBREVIATIONS:

 

GSI

   Goldman Sachs International

JPM

   JPMorgan Chase Bank, N.A.

PORTFOLIO ABBREVIATION:

 

ADR

   American Depositary Receipt

 

Transamerica Funds

    Page    3         

Transamerica Large Growth

 

NOTES TO SCHEDULE OF INVESTMENTS

At July 31, 2022

(unaudited)

 

INVESTMENT VALUATION

Transamerica Large Growth (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 and derivative instruments.

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:

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.

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.

Derivative instruments: Centrally cleared or listed derivatives that are actively traded are valued based on quoted prices from the exchange and are categorized in Level 1 of the fair value hierarchy. Over-the-counter (“OTC”) derivative contracts include forward, swap, swaption, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices. Depending on the product and the terms of the transaction, the fair value of the OTC derivative products are modeled taking into account the counterparties’ creditworthiness and using a series of techniques, including simulation models. Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments and the pricing inputs are observed from actively quoted markets, as is the case of interest rate swap and option contracts. The majority of OTC derivative products valued by the Fund using pricing models fall into this category and are categorized within Level 2 of the fair value hierarchy or Level 3 if inputs are unobservable.

 

Transamerica Funds

    Page    4