NPORT-EX 2 NPORT_IBBG_62229066_0722.htm FOR VALIDATION PURPOSES ONLY - [397013.IBBG]

Transamerica Short-Term Bond

 

SCHEDULE OF INVESTMENTS

At July 31, 2022

(unaudited)

 

     Principal      Value  
ASSET-BACKED SECURITIES - 9.7%  

Accelerated LLC

      

Series 2021-1H, Class A,

      

1.35%, 10/20/2040 (A)

      $  2,509,379        $  2,352,442  

Series 2021-1H, Class B,

      

1.90%, 10/20/2040 (A)

      8,804,706        8,067,285  

Series 2021-1H, Class C,

      

2.35%, 10/20/2040 (A)

      3,988,931        3,638,038  

Anchorage Capital CLO 11 Ltd.

      

Series 2019-11A, Class AR,

      

3-Month LIBOR + 1.14%,
3.90% (B), 07/22/2032 (A)

      12,300,000        12,015,021  

Anchorage Capital CLO 9 Ltd.

      

Series 2016-9A, Class AR2,

      

3-Month LIBOR + 1.14%,
3.65% (B), 07/15/2032 (A)

      10,000,000        9,769,160  

Apidos CLO XXXI

      

Series 2019-31A, Class BR,

      

3-Month LIBOR + 1.55%,
4.06% (B), 04/15/2031 (A)

      12,500,000        11,895,662  

Aqua Finance Trust

      

Series 2021-A, Class A,

      

1.54%, 07/17/2046 (A)

      7,658,280        7,132,262  

BXG Receivables Note Trust

      

Series 2017-A, Class A,

      

2.95%, 10/04/2032 (A)

      2,549,780        2,473,222  

Series 2020-A, Class A,

      

1.55%, 02/28/2036 (A)

      5,905,659        5,492,285  

CF Hippolyta Issuer LLC

      

Series 2020-1, Class B1,

      

2.28%, 07/15/2060 (A)

      5,983,273        5,478,536  

CWABS Asset-Backed Certificates Trust

      

Series 2006-17, Class 2A2,

      

1-Month LIBOR + 0.30%,
2.56% (B), 03/25/2047

      3,078,259        3,016,733  

Diamond Resorts Owner Trust

      

Series 2019-1A, Class A,

      

2.89%, 02/20/2032 (A)

      2,614,020        2,565,355  

Series 2021-1A, Class B,

      

2.05%, 11/21/2033 (A)

      2,302,661        2,167,512  

Series 2021-1A, Class C,

      

2.70%, 11/21/2033 (A)

      2,149,150        2,025,515  

Halcyon Loan Advisors Funding Ltd.

      

Series 2015-1A, Class B1R,

      

3-Month LIBOR + 1.55%,
4.26% (B), 04/20/2027 (A)

      2,310,106        2,307,184  

Hilton Grand Vacations Trust

      

Series 2019-AA, Class A,

      

2.34%, 07/25/2033 (A)

      3,830,581        3,671,268  

Series 2020-AA, Class A,

      

2.74%, 02/25/2039 (A)

      3,487,991        3,372,107  

Marathon Static CLO Ltd.

      

Series 2022-18A, Class A1,

      

3-Month SOFR + 2.22%,
1.00% (B), 07/20/2030 (A) (C)

      7,000,000        6,965,000  

Mill City Mortgage Loan Trust

      

Series 2017-3, Class A1,

      

2.75% (B), 01/25/2061 (A)

      3,131,131        3,099,247  
     Principal      Value  
ASSET-BACKED SECURITIES (continued)  

MVW LLC

      

Series 2019-2A, Class B,

      

2.44%, 10/20/2038 (A)

      $   3,073,081        $   2,887,280  

Series 2020-1A, Class A,

      

1.74%, 10/20/2037 (A)

      3,593,218        3,371,656  

Series 2021-1WA, Class B,

      

1.44%, 01/22/2041 (A)

      4,496,201        4,099,296  

MVW Owner Trust

      

Series 2019-1A, Class A,

      

2.89%, 11/20/2036 (A)

      3,693,898        3,577,746  

New Residential Advance Receivables Trust

      

Series 2020-APT1, Class AT1,

      

1.03%, 12/16/2052 (A)

      20,000,000        19,564,888  

Series 2020-T1, Class AT1,

      

1.43%, 08/15/2053 (A)

      19,567,000        18,705,731  

Series 2020-T1, Class CT1,

      

2.27%, 08/15/2053 (A)

      1,780,000        1,691,180  

NRZ Advance Receivables Trust

      

Series 2020-T2, Class AT2,

      

1.48%, 09/15/2053 (A)

      15,000,000        14,304,303  

Series 2020-T3, Class AT3,

      

1.32%, 10/15/2052 (A)

      8,000,000        7,944,276  

Series 2020-T3, Class BT3,

      

1.57%, 10/15/2052 (A)

      1,000,000        992,411  

Series 2020-T3, Class DT3,

      

2.46%, 10/15/2052 (A)

      1,000,000        992,043  

Ocwen Master Advance Receivables Trust

      

Series 2020-T1, Class AT1,

      

1.28%, 08/15/2052 (A)

      13,359,874        13,342,406  

Orange Lake Timeshare Trust

      

Series 2016-A, Class A,

      

2.61%, 03/08/2029 (A)

      2,277,056        2,216,112  

Series 2018-A, Class C,

      

3.74%, 11/08/2030 (A)

      1,598,456        1,557,427  

Series 2019-A, Class C,

      

3.61%, 04/09/2038 (A)

      3,157,699        3,043,304  

PennantPark CLO III Ltd.

      

Series 2021-3A, Class A1,

      

3-Month LIBOR + 1.62%,
4.38% (B), 10/22/2032 (A)

      15,000,000        14,585,925  

Sierra Timeshare Receivables Funding LLC

      

Series 2018-3A, Class A,

      

3.69%, 09/20/2035 (A)

      1,340,562        1,324,087  

Series 2018-3A, Class D,

      

5.20%, 09/20/2035 (A)

      1,310,399        1,286,643  

Series 2020-2A, Class A,

      

1.33%, 07/20/2037 (A)

      3,026,836        2,874,112  

Series 2020-2A, Class C,

      

3.51%, 07/20/2037 (A)

      2,648,482        2,543,277  

Series 2021-1A, Class B,

      

1.34%, 11/20/2037 (A)

      6,394,298        5,955,207  

SPS Servicer Advance Receivables Trust II

      

Series 2020-T1, Class AT1,

      

1.28%, 11/15/2052 (A)

      4,366,667        4,321,383  

TICP CLO III-2 Ltd.

      

Series 2018-3R, Class B,

      

3-Month LIBOR + 1.35%,
4.06% (B), 04/20/2028 (A)

      10,000,000        9,803,170  

Towd Point Mortgage Trust

      

Series 2016-5, Class A1,

      

2.50% (B), 10/25/2056 (A)

      1,451,425        1,438,316  

Series 2017-2, Class A1,

      

2.75% (B), 04/25/2057 (A)

      1,006,558        998,738  

Series 2017-3, Class A1,

      

2.75% (B), 07/25/2057 (A)

      2,382,363        2,353,776  
 

 

Transamerica Funds

     Page    1         

Transamerica Short-Term Bond

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

 

     Principal      Value  
ASSET-BACKED SECURITIES (continued)  

Towd Point Mortgage Trust (continued)

      

Series 2017-4, Class A1,

      

2.75% (B), 06/25/2057 (A)

      $   3,707,841        $   3,613,921  

Series 2017-6, Class A1,

      

2.75% (B), 10/25/2057 (A)

      6,239,043        6,132,094  

Series 2018-1, Class A1,

      

3.00% (B), 01/25/2058 (A)

      3,502,826        3,434,911  

Series 2018-2, Class A1,

      

3.25% (B), 03/25/2058 (A)

      9,826,972        9,632,491  

Series 2018-3, Class A1,

      

3.75% (B), 05/25/2058 (A)

      3,940,531        3,864,358  

Series 2018-4, Class A1,

      

3.00% (B), 06/25/2058 (A)

      8,272,508        7,914,040  

Series 2020-4, Class A1,

      

1.75%, 10/25/2060 (A)

      11,091,437        10,236,085  

Trafigura Securitisation Finance PLC

      

Series 2021-1A, Class A2,

      

1.08%, 01/15/2025 (A)

      7,270,000        6,572,916  

VSE VOI Mortgage LLC

      

Series 2017-A, Class A,

      

2.33%, 03/20/2035 (A)

      5,886,270        5,692,256  

Welk Resorts LLC

      

Series 2017-AA, Class A,

      

2.82%, 06/15/2033 (A)

      1,611,904        1,586,338  

Wellfleet CLO Ltd.

      

Series 2015-1A, Class BR4,

      

3-Month LIBOR + 1.55%,
4.26% (B), 07/20/2029 (A)

      10,000,000        9,652,910  

Series 2016-1A, Class BR,

      

3-Month LIBOR + 1.50%,
4.21% (B), 04/20/2028 (A)

      15,000,000        14,590,860  

Series 2017-2A, Class A2R,

      

3-Month LIBOR + 1.62%,
4.33% (B), 10/20/2029 (A)

      15,000,000        14,493,120  
     

 

 

  

Total Asset-Backed Securities
(Cost $354,297,427)

 

      340,694,827  
     

 

 

  
CORPORATE DEBT SECURITIES - 62.9%  
Aerospace & Defense - 1.0%  

Boeing Co.

      

1.43%, 02/04/2024

      6,940,000        6,675,806  

1.95%, 02/01/2024

      8,089,000        7,844,267  

Huntington Ingalls Industries, Inc.

      

0.67%, 08/16/2023

      9,907,000        9,578,440  

L3 Harris Technologies, Inc.

      

3.85%, 06/15/2023

      9,968,000        9,973,844  
     

 

 

  
        34,072,357  
     

 

 

  
Air Freight & Logistics - 0.6%  

GXO Logistics, Inc.

      

1.65%, 07/15/2026

      26,130,000        22,668,834  
     

 

 

  
Airlines - 1.0%  

American Airlines Pass-Through Trust

      

4.38%, 04/01/2024

      2,821,036        2,814,826  

Delta Air Lines Pass-Through Trust

      

3.20%, 10/25/2025

      5,043,000        4,902,587  

Delta Air Lines, Inc.

      

3.80%, 04/19/2023 (D) (E)

      9,957,000        9,931,975  

Southwest Airlines Co.

      

5.25%, 05/04/2025

      13,145,000        13,541,546  

US Airways Pass-Through Trust

      

3.95%, 05/15/2027

      3,643,350        3,310,695  
     

 

 

  
        34,501,629  
     

 

 

  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Auto Components - 1.1%  

Aptiv PLC / Aptiv Corp.

      

2.40%, 02/18/2025

      $   6,979,000        $   6,706,810  

BorgWarner, Inc.

      

5.00%, 10/01/2025 (A)

      20,550,000        20,905,508  

Clarios Global LP / Clarios US Finance Co.

      

6.25%, 05/15/2026 (A)

      10,304,000        10,401,321  
     

 

 

  
        38,013,639  
     

 

 

  
Banks - 11.8%  

AIB Group PLC

      

4.75%, 10/12/2023 (A)

      6,849,000        6,837,890  

Banco Santander SA

      

3.85%, 04/12/2023

      4,600,000        4,594,596  

3.89%, 05/24/2024

      15,000,000        15,045,896  

Fixed until 03/24/2027,
4.18% (B), 03/24/2028

      7,000,000        6,731,333  

Bank of America Corp.

      

Fixed until 12/20/2022,
3.00% (B), 12/20/2023

      13,976,000        13,938,846  

Fixed until 03/05/2023,
3.55% (B), 03/05/2024

      19,940,000        19,904,846  

Banque Federative du Credit Mutuel SA

      

0.65%, 02/27/2024 (A)

      8,117,000        7,734,946  

Barclays PLC

      

5.20%, 05/12/2026

      10,825,000        10,902,074  

BNP Paribas SA

      

Fixed until 06/09/2025,
2.22% (B), 06/09/2026 (A)

      11,788,000        11,011,263  

BPCE SA

      

5.15%, 07/21/2024 (A)

      11,364,000        11,357,994  

Canadian Imperial Bank of Commerce

      

0.45%, 06/22/2023

      10,895,000        10,615,363  

Citigroup, Inc.

      

3-Month LIBOR + 1.02%,
2.60% (B), 06/01/2024

      14,675,000        14,540,279  

Commerzbank AG

      

8.13%, 09/19/2023 (A)

      8,000,000        8,201,025  

Cooperatieve Rabobank UA

      

2.63%, 07/22/2024 (A) (D)

      8,117,000        7,914,873  

Credit Agricole SA

      

4.38%, 03/17/2025 (A)

      7,474,000        7,380,934  

Danske Bank AS

      

Fixed until 09/10/2024,
0.98% (B), 09/10/2025 (A)

      8,929,000        8,271,702  

1.23%, 06/22/2024 (A)

      10,000,000        9,452,804  

Fifth Third Bancorp

      

3.65%, 01/25/2024

      10,000,000        9,992,376  

First-Citizens Bank & Trust Co.

      

Fixed until 09/27/2024,
2.97% (B), 09/27/2025

      5,623,000        5,414,778  

HSBC Holdings PLC

      

Fixed until 08/17/2023,
0.73% (B), 08/17/2024

      11,000,000        10,575,481  

3-Month LIBOR + 1.00%,
2.46% (B), 05/18/2024

      10,000,000        9,940,100  

Intesa Sanpaolo SpA

      

3.25%, 09/23/2024 (A)

      8,929,000        8,622,367  

3.38%, 01/12/2023 (A)

      5,000,000        4,974,040  

JPMorgan Chase & Co.

      

Fixed until 04/22/2025,
2.08% (B), 04/22/2026

      21,859,000        20,692,411  

Fixed until 07/23/2023,
3.80% (B), 07/23/2024

      7,853,000        7,836,825  

7.75%, 07/15/2025

      5,982,000        6,629,417  
 

 

Transamerica Funds

     Page    2         

Transamerica Short-Term Bond

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

 

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

Lloyds Banking Group PLC

      

Fixed until 05/11/2023,
0.70% (B), 05/11/2024

      $   10,000,000        $   9,712,423  

4.50%, 11/04/2024

      8,718,000        8,737,096  

NatWest Group PLC

      

6.00%, 12/19/2023

      10,118,000        10,322,379  

6.13%, 12/15/2022

      4,985,000        5,013,891  

Nordea Bank Abp

      

1.00%, 06/09/2023 (A)

      8,797,000        8,625,168  

PNC Bank NA

      

3.88%, 04/10/2025

      11,750,000        11,748,353  

Santander UK Group Holdings PLC

      

4.75%, 09/15/2025 (A)

      1,913,000        1,882,342  

Santander UK PLC

      

5.00%, 11/07/2023 (A)

      8,117,000        8,147,358  

Skandinaviska Enskilda Banken AB

      

0.65%, 09/09/2024 (A)

      22,000,000        20,570,589  

Standard Chartered PLC

      

Fixed until 10/14/2022,
1.32% (B), 10/14/2023 (A)

      10,220,000        10,161,068  

Fixed until 11/23/2024,
1.82% (B), 11/23/2025 (A)

      5,500,000        5,126,627  

UniCredit SpA

      

Fixed until 09/22/2025,
2.57% (B), 09/22/2026 (A)

      7,212,000        6,440,404  

US Bancorp

      

2.40%, 07/30/2024

      9,070,000        8,925,670  

Wells Fargo & Co.

      

Fixed until 10/30/2024,
2.41% (B), 10/30/2025

      32,619,000        31,391,707  

Fixed until 03/24/2027,
3.53% (B), 03/24/2028

      5,989,000        5,787,927  
     

 

 

  
        411,707,461  
     

 

 

  
Beverages - 1.1%  

Constellation Brands, Inc.

      

3.60%, 05/09/2024

      20,957,000        20,960,067  

Keurig Dr. Pepper, Inc.

      

0.75%, 03/15/2024

      15,849,000        15,164,516  

4.42%, 05/25/2025

      1,360,000        1,385,139  
     

 

 

  
        37,509,722  
     

 

 

  
Biotechnology - 0.5%  

AbbVie, Inc.

      

3.80%, 03/15/2025

      8,090,000        8,121,394  

Gilead Sciences, Inc.

      

0.75%, 09/29/2023

      8,908,000        8,653,559  
     

 

 

  
        16,774,953  
     

 

 

  
Building Products - 0.4%  

Carlisle Cos., Inc.

      

0.55%, 09/01/2023

      6,980,000        6,752,522  

Owens Corning

      

4.20%, 12/01/2024

      8,091,000        8,138,524  
     

 

 

  
        14,891,046  
     

 

 

  
Capital Markets - 6.1%  

Bank of New York Mellon Corp.

      

3.43% (B), 06/13/2025

      20,000,000        19,942,090  

Credit Suisse AG

      

3-Month SOFR + 0.39%,
2.68% (B), 02/02/2024

      16,749,000        16,497,936  

3.63%, 09/09/2024

      5,630,000        5,551,884  

6.50%, 08/08/2023 (A)

      4,434,000        4,456,170  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Capital Markets (continued)  

Deutsche Bank AG

      

Fixed until 11/26/2024,
3.96% (B), 11/26/2025

      $   4,870,000        $   4,702,077  

4.50%, 04/01/2025

      14,000,000        13,615,471  

Goldman Sachs Group, Inc.

      

Fixed until 03/08/2023,
0.67% (B), 03/08/2024

      14,955,000        14,652,869  

3-Month SOFR + 0.58%,
2.34% (B), 03/08/2024

      16,824,000        16,580,150  

3-Month SOFR + 1.12%,
2.62% (B), 02/24/2028

      15,000,000        14,402,585  

Macquarie Group Ltd.

      

Fixed until 01/12/2026,
1.34% (B), 01/12/2027 (A)

      12,137,000        10,811,954  

3-Month SOFR + 0.71%,
2.87% (B), 10/14/2025 (A)

      11,404,000        11,151,199  

Morgan Stanley

      

Fixed until 07/22/2024,
2.72% (B), 07/22/2025

      4,043,000        3,935,854  

Fixed until 04/17/2024,
3.62% (B), 04/17/2025

      13,958,000        13,830,423  

4.10%, 05/22/2023

      14,873,000        14,931,548  

Fixed until 07/17/2025,
4.68% (B), 07/17/2026

      20,000,000        20,328,829  

Nomura Holdings, Inc.

      

5.10%, 07/03/2025

      21,582,000        22,071,047  

UBS Group AG

      

Fixed until 05/12/2025,
4.49% (B), 05/12/2026 (A)

      6,800,000        6,839,327  
     

 

 

  
        214,301,413  
     

 

 

  
Chemicals - 1.2%  

DuPont de Nemours, Inc.

      

4.21%, 11/15/2023

      20,112,000        20,297,589  

International Flavors & Fragrances, Inc.

      

0.70%, 09/15/2022 (A)

      4,322,000        4,306,639  

LYB International Finance III LLC

      

1.25%, 10/01/2025

      3,968,000        3,637,941  

Syngenta Finance NV

      

4.44%, 04/24/2023 (A)

      10,000,000        9,987,929  

Westlake Corp.

      

0.88%, 08/15/2024 (D)

      3,953,000        3,781,553  
     

 

 

  
        42,011,651  
     

 

 

  
Commercial Services & Supplies - 0.8%  

Ashtead Capital, Inc.

      

1.50%, 08/12/2026 (A)

      7,199,000        6,332,401  

Triton Container International Ltd.

      

0.80%, 08/01/2023 (A)

      21,712,000        20,852,699  
     

 

 

  
        27,185,100  
     

 

 

  
Construction Materials - 0.8%  

CRH America, Inc.

      

3.88%, 05/18/2025 (A)

      8,117,000        8,114,428  

Martin Marietta Materials, Inc.

      

0.65%, 07/15/2023

      19,809,000        19,252,064  
     

 

 

  
        27,366,492  
     

 

 

  
Consumer Finance - 5.6%  

Ally Financial, Inc.

      

5.75%, 11/20/2025

      16,948,000        17,162,200  

American Express Co.

      

3.38%, 05/03/2024

      20,936,000        20,901,832  

American Honda Finance Corp.

      

0.88%, 07/07/2023

      11,959,000        11,696,868  
 

 

Transamerica Funds

     Page    3         

Transamerica Short-Term Bond

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Consumer Finance (continued)  

Capital One Financial Corp.

      

Fixed until 05/09/2024,
4.17% (B), 05/09/2025

      $   20,936,000        $   20,760,142  

Ford Motor Credit Co. LLC

      

2.70%, 08/10/2026

      2,006,000        1,819,442  

3.37%, 11/17/2023

      5,000,000        4,900,750  

3.38%, 11/13/2025

      7,233,000        6,854,529  

General Motors Financial Co., Inc.

      

3-Month SOFR + 0.76%,
2.52% (B), 03/08/2024

      14,954,000        14,594,751  

2.75%, 06/20/2025

      8,094,000        7,737,905  

Hyundai Capital America

      

0.80%, 04/03/2023 - 01/08/2024 (A)

      24,933,000        24,108,722  

John Deere Capital Corp.

      

3.40%, 06/06/2025

      20,816,000        20,941,730  

Mercedes-Benz Finance North America LLC

      

0.75%, 03/01/2024 (A)

      13,548,000        12,959,976  

Nissan Motor Acceptance Co. LLC

      

1.13%, 09/16/2024 (A)

      12,140,000        11,261,882  

Volkswagen Group of America Finance LLC

      

3.95%, 06/06/2025 (A)

      20,000,000        19,893,315  
     

 

 

  
        195,594,044  
     

 

 

  
Containers & Packaging - 1.0%  

Avery Dennison Corp.

      

0.85%, 08/15/2024

      12,139,000        11,454,360  

Berry Global, Inc.

      

0.95%, 02/15/2024

      4,469,000        4,244,704  

1.57%, 01/15/2026

      4,046,000        3,684,804  

4.88%, 07/15/2026 (A)

      8,091,000        7,943,097  

Sonoco Products Co.

      

1.80%, 02/01/2025

      8,699,000        8,245,856  
     

 

 

  
        35,572,821  
     

 

 

  
Diversified Consumer Services - 0.5%  

Nationwide Building Society

      

3-Month SOFR + 1.29%,
2.65% (B), 02/16/2028 (A)

      10,054,000        9,671,757  

Fixed until 03/08/2023,
3.77% (B), 03/08/2024 (A)

      6,821,000        6,798,541  
     

 

 

  
        16,470,298  
     

 

 

  
Diversified Financial Services - 2.0%  

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

      

1.65%, 10/29/2024

      12,048,000        11,192,939  

3.30%, 01/23/2023

      6,030,000        6,006,077  

AIG Global Funding

      

0.65%, 06/17/2024 (A)

      8,902,000        8,415,913  

Aviation Capital Group LLC

      

1.95%, 01/30/2026 (A)

      1,813,000        1,585,564  

4.38%, 01/30/2024 (A)

      6,424,000        6,314,096  

5.50%, 12/15/2024 (A)

      8,793,000        8,724,656  

Element Fleet Management Corp.

      

1.60%, 04/06/2024 (A) (D)

      12,043,000        11,499,364  

3.85%, 06/15/2025 (A)

      7,068,000        6,949,495  

Jackson Financial, Inc.

      

1.13%, 11/22/2023 (A)

      8,360,000        8,087,156  
     

 

 

  
        68,775,260  
     

 

 

  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Diversified Telecommunication Services - 0.5%  

AT&T, Inc.

      

3-Month SOFR + 0.64%,
2.63% (B), 03/25/2024

      $   6,928,000        $   6,843,735  

Lumen Technologies, Inc.

      

5.13%, 12/15/2026 (A)

      10,388,000        9,479,050  
     

 

 

  
        16,322,785  
     

 

 

  
Electric Utilities - 3.4%  

American Electric Power Co., Inc.

      

0.75%, 11/01/2023

      9,842,000        9,529,785  

Enel Finance International NV

      

2.65%, 09/10/2024 (A)

      14,611,000        14,132,175  

Entergy Louisiana LLC

      

0.95%, 10/01/2024

      14,957,000        14,174,067  

Evergy, Inc.

      

2.45%, 09/15/2024

      9,388,000        9,111,087  

Eversource Energy

      

4.20%, 06/27/2024

      21,308,000        21,383,839  

Georgia Power Co.

      

2.10%, 07/30/2023

      7,441,000        7,338,968  

Metropolitan Edison Co.

      

3.50%, 03/15/2023 (A)

      12,044,000        11,979,578  

NextEra Energy Capital Holdings, Inc.

      

3-Month SOFR + 0.54%,
2.16% (B), 03/01/2023

      9,635,000        9,592,321  

Oncor Electric Delivery Co. LLC

      

2.75%, 06/01/2024

      10,771,000        10,654,607  

Southern Co.

      

0.60%, 02/26/2024

      9,968,000        9,483,150  
     

 

 

  
        117,379,577  
     

 

 

  
Equity Real Estate Investment Trusts - 2.4%  

American Tower Corp.

      

3.00%, 06/15/2023

      17,032,000        16,973,498  

HAT Holdings I LLC / HAT Holdings II LLC

      

3.38%, 06/15/2026 (A)

      11,215,000        9,830,452  

National Retail Properties, Inc.

      

3.60%, 12/15/2026

      7,606,000        7,403,340  

Office Properties Income Trust

      

2.65%, 06/15/2026

      8,092,000        6,744,652  

Realty Income Corp.

      

4.60%, 02/06/2024

      23,370,000        23,704,256  

Simon Property Group LP

      

3-Month SOFR + 0.43%,
2.54% (B), 01/11/2024

      9,776,000        9,668,288  

Ventas Realty LP

      

3.25%, 10/15/2026

      8,903,000        8,514,276  
     

 

 

  
        82,838,762  
     

 

 

  
Food & Staples Retailing - 0.1%  

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

      

3.50%, 02/15/2023 (A)

      3,984,000        3,982,805  
     

 

 

  
Food Products - 0.1%  

Bunge Ltd. Finance Corp.

      

1.63%, 08/17/2025

      2,917,000        2,729,028  
     

 

 

  
Health Care Equipment & Supplies - 0.2%  

Stryker Corp.

      

0.60%, 12/01/2023

      8,974,000        8,644,065  
     

 

 

  
Health Care Providers & Services - 0.8%  

Cigna Corp.

      

0.61%, 03/15/2024

      4,941,000        4,725,943  
 

 

Transamerica Funds

     Page    4         

Transamerica Short-Term Bond

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

 

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

CVS Health Corp.

      

2.63%, 08/15/2024

      $   4,979,000        $   4,920,412  

HCA, Inc.

      

5.00%, 03/15/2024

      12,128,000        12,293,000  

Laboratory Corp. of America Holdings

      

2.30%, 12/01/2024

      8,084,000        7,818,524  
     

 

 

  
        29,757,879  
     

 

 

  
Hotels, Restaurants & Leisure - 1.7%  

GLP Capital LP / GLP Financing II, Inc.

      

3.35%, 09/01/2024

      3,636,000        3,502,632  

Hyatt Hotels Corp.

      

1.30%, 10/01/2023

      5,666,000        5,490,852  

1.80%, 10/01/2024

      12,708,000        12,027,379  

Las Vegas Sands Corp.

      

3.20%, 08/08/2024

      7,276,000        7,065,667  

Magallanes, Inc.

      

3.43%, 03/15/2024 (A)

      21,892,000        21,551,679  

3.53%, 03/15/2024 (A)

      9,554,000        9,387,233  
     

 

 

  
        59,025,442  
     

 

 

  
Household Durables - 0.6%  

Lennar Corp.

      

5.88%, 11/15/2024

      17,738,000        18,287,659  

Newell Brands, Inc.

      

4.10%, 04/01/2023

      2,235,000        2,228,529  
     

 

 

  
        20,516,188  
     

 

 

  
Insurance - 3.7%  

Allied World Assurance Co. Holdings Ltd.

      

4.35%, 10/29/2025

      14,369,000        14,155,819  

Athene Global Funding

      

0.95%, 01/08/2024 (A)

      10,562,000        10,084,429  

Brighthouse Financial Global Funding

      

1.00%, 04/12/2024 (A)

      12,138,000        11,504,636  

Brown & Brown, Inc.

      

4.20%, 09/15/2024

      9,820,000        9,828,386  

Corebridge Financial, Inc.

      

3.50%, 04/04/2025 (A)

      21,248,000        20,784,653  

Five Corners Funding Trust

      

4.42%, 11/15/2023 (A)

      7,131,000        7,165,872  

GA Global Funding Trust

      

0.80%, 09/13/2024 (A)

      18,547,000        17,219,133  

Marsh & McLennan Cos., Inc.

      

3.88%, 03/15/2024

      8,778,000        8,825,762  

Met Tower Global Funding

      

3.70%, 06/13/2025 (A)

      21,000,000        20,981,404  

Security Benefit Global Funding

      

1.25%, 05/17/2024 (A)

      8,092,000        7,646,972  
     

 

 

  
        128,197,066  
     

 

 

  
IT Services - 0.7%  

DXC Technology Co.

      

1.80%, 09/15/2026

      5,398,000        4,860,879  

Fidelity National Information Services, Inc.

      

0.38%, 03/01/2023

      8,789,000        8,629,949  

Fiserv, Inc.

      

2.75%, 07/01/2024

      10,943,000        10,781,072  
     

 

 

  
        24,271,900  
     

 

 

  
Leisure Products - 0.3%  

Brunswick Corp.

      

0.85%, 08/18/2024

      12,062,000        11,294,411  
     

 

 

  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Media - 0.9%  

Charter Communications Operating LLC / Charter Communications Operating Capital

      

4.91%, 07/23/2025

      $   12,133,000        $   12,306,917  

Discovery Communications LLC

      

2.95%, 03/20/2023

      6,297,000        6,278,341  

DISH DBS Corp.

      

5.00%, 03/15/2023

      10,484,000        10,287,425  

Paramount Global

      

4.75%, 05/15/2025

      1,609,000        1,634,245  
     

 

 

  
        30,506,928  
     

 

 

  
Metals & Mining - 0.9%  

Constellium SE

      

5.88%, 02/15/2026 (A)

      10,457,000        10,147,276  

Freeport-McMoRan, Inc.

      

3.88%, 03/15/2023

      12,178,000        12,133,377  

4.55%, 11/14/2024

      4,114,000        4,135,599  

Glencore Funding LLC

      

3.00%, 10/27/2022 (A) (D)

      6,974,000        6,944,261  
     

 

 

  
        33,360,513  
     

 

 

  
Mortgage Real Estate Investment Trusts - 0.1%  

Starwood Property Trust, Inc.

      

3.75%, 12/31/2024 (A)

      3,490,000        3,365,983  
     

 

 

  
Multi-Utilities - 1.2%  

Black Hills Corp.

      

1.04%, 08/23/2024

      7,262,000        6,822,758  

4.25%, 11/30/2023 (D)

      9,898,000        9,944,861  

Dominion Energy, Inc.

      

2.45%, 01/15/2023 (A)

      7,820,000        7,774,432  

DTE Energy Co.

      

2.53%(F), 10/01/2024

      8,174,000        7,949,061  

NiSource, Inc.

      

0.95%, 08/15/2025

      12,136,000        11,099,630  
     

 

 

  
        43,590,742  
     

 

 

  
Oil, Gas & Consumable Fuels - 3.4%  

Cheniere Corpus Christi Holdings LLC

      

7.00%, 06/30/2024

      10,018,000        10,389,162  

DCP Midstream Operating LP

      

5.38%, 07/15/2025

      16,350,000        16,677,000  

Energy Transfer LP

      

4.20%, 09/15/2023

      4,042,000        4,043,811  

Eni SpA

      

4.00%, 09/12/2023 (A)

      8,629,000        8,610,729  

Kinder Morgan Energy Partners LP

      

4.30%, 05/01/2024

      13,267,000        13,349,801  

MPLX LP

      

3.50%, 12/01/2022 (D)

      8,683,000        8,675,812  

4.88%, 12/01/2024

      4,595,000        4,671,573  

Phillips 66

      

3.85%, 04/09/2025 (D)

      8,940,000        9,028,517  

Plains All American Pipeline LP / PAA Finance Corp.

      

3.60%, 11/01/2024

      1,274,000        1,252,651  

3.85%, 10/15/2023

      6,324,000        6,305,795  

4.65%, 10/15/2025

      4,851,000        4,857,652  

SA Global Sukuk Ltd.

      

0.95%, 06/17/2024 (A)

      3,000,000        2,850,834  

Sabine Pass Liquefaction LLC

      

5.63%, 04/15/2023

      17,281,000        17,390,538  
 

 

Transamerica Funds

     Page    5         

Transamerica Short-Term Bond

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Oil, Gas & Consumable Fuels (continued)  

Saudi Arabian Oil Co.

      

1.25%, 11/24/2023 (A)

      $   1,737,000        $   1,683,195  

Williams Cos., Inc.

      

4.55%, 06/24/2024

      10,001,000        10,101,253  
     

 

 

  
        119,888,323  
     

 

 

  
Personal Products - 0.5%  

GSK Consumer Healthcare Capital UK PLC

      

3.13%, 03/24/2025 (A)

      19,440,000        19,180,390  
     

 

 

  
Pharmaceuticals - 1.0%  

Bayer US Finance II LLC

      

3.88%, 12/15/2023 (A)

      8,117,000        8,119,805  

Royalty Pharma PLC

      

0.75%, 09/02/2023

      9,188,000        8,879,599  

Takeda Pharmaceutical Co. Ltd.

      

4.40%, 11/26/2023

      15,000,000        15,127,303  

Viatris, Inc.

      

1.65%, 06/22/2025

      4,045,000        3,705,578  
     

 

 

  
        35,832,285  
     

 

 

  
Professional Services - 0.2%  

Equifax, Inc.

      

2.60%, 12/01/2024

      6,652,000        6,454,364  
     

 

 

  
Road & Rail - 0.5%  

Avolon Holdings Funding Ltd.

      

5.50%, 01/15/2023 (A)

      6,127,000        6,133,866  

Canadian Pacific Railway Co.

      

1.35%, 12/02/2024

      10,978,000        10,420,496  
     

 

 

  
        16,554,362  
     

 

 

  
Semiconductors & Semiconductor Equipment - 0.8%  

KLA Corp.

      

4.65%, 11/01/2024

      4,084,000        4,166,491  

Microchip Technology, Inc.

      

0.97%, 02/15/2024

      8,902,000        8,489,495  

0.98%, 09/01/2024

      8,324,000        7,805,586  

Skyworks Solutions, Inc.

      

0.90%, 06/01/2023

      6,931,000        6,738,257  
     

 

 

  
        27,199,829  
     

 

 

  
Software - 1.1%  

Infor, Inc.

      

1.45%, 07/15/2023 (A)

      11,692,000        11,370,956  

1.75%, 07/15/2025 (A)

      7,984,000        7,480,267  

Take-Two Interactive Software, Inc.

      

3.30%, 03/28/2024

      14,954,000        14,865,278  

VMware, Inc.

      

0.60%, 08/15/2023

      6,978,000        6,756,566  
     

 

 

  
        40,473,067  
     

 

 

  
Technology Hardware, Storage & Peripherals - 0.4%  

Hewlett Packard Enterprise Co.

      

1.45%, 04/01/2024

      9,113,000        8,819,253  

4.45%, 10/02/2023

      4,984,000        5,028,740  
     

 

 

  
        13,847,993  
     

 

 

  
Tobacco - 0.5%  

BAT Capital Corp.

      

3.22%, 08/15/2024

      5,327,000        5,227,680  

BAT International Finance PLC

      

1.67%, 03/25/2026

      12,133,000        10,967,852  
     

 

 

  
        16,195,532  
     

 

 

  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Trading Companies & Distributors - 0.4%  

Air Lease Corp.

      

2.25%, 01/15/2023

      $   15,548,000        $   15,418,550  
     

 

 

  
Transportation Infrastructure - 0.2%  

Penske Truck Leasing Co. LP / PTL Finance Corp.

      

3.45%, 07/01/2024 (A)

      6,466,000        6,354,136  
     

 

 

  
Wireless Telecommunication Services - 0.8%  

Rogers Communications, Inc.

      

2.95%, 03/15/2025 (A)

      18,227,000        17,921,333  

Sprint Corp.

      

7.88%, 09/15/2023

      2,975,000        3,082,055  

T-Mobile USA, Inc.

      

3.50%, 04/15/2025

      8,354,000        8,252,264  
     

 

 

  
        29,255,652  
     

 

 

  

Total Corporate Debt Securities
(Cost $2,275,274,417)

 

      2,199,855,277  
     

 

 

  
FOREIGN GOVERNMENT OBLIGATION - 0.1%  
Qatar - 0.1%  

Qatar Government International Bond

      

3.88%, 04/23/2023 (A)

      2,175,000        2,180,398  
     

 

 

  

Total Foreign Government Obligation
(Cost $2,172,656)

 

      2,180,398  
     

 

 

  
LOAN ASSIGNMENT - 0.3%  
Commercial Services & Supplies - 0.3%  

Spin Holdco, Inc.

      

Term Loan,

      

3-Month LIBOR + 4.00%,
5.61% (B), 03/04/2028

      9,875,000        9,092,406  
     

 

 

  

Total Loan Assignment
(Cost $9,815,447)

 

      9,092,406  
     

 

 

  
MORTGAGE-BACKED SECURITIES - 13.4%  

20 Times Square Trust

      

Series 2018-20TS, Class B,

      

3.10% (B), 05/15/2035 (A)

      3,000,000        2,927,426  

Series 2018-20TS, Class C,

      

3.10% (B), 05/15/2035 (A)

      10,900,000        10,578,148  

280 Park Avenue Mortgage Trust

      

Series 2017-280P, Class C,

      

1-Month LIBOR + 1.25%,
3.12% (B), 09/15/2034 (A)

      16,000,000        15,030,858  

AOA Mortgage Trust

      

Series 2021-1177, Class C,

      

1-Month LIBOR + 1.42%,
3.42% (B), 10/15/2038 (A)

      9,300,000        8,698,914  

Ashford Hospitality Trust

      

Series 2018-ASHF, Class C,

      

1-Month LIBOR + 1.40%,
3.40% (B), 04/15/2035 (A)

      18,800,000        17,708,352  

Series 2018-ASHF, Class D,

      

1-Month LIBOR + 2.10%,
4.10% (B), 04/15/2035 (A)

      10,520,000        9,840,978  

Austin Fairmont Hotel Trust

      

Series 2019-FAIR, Class D,

      

1-Month LIBOR + 1.80%,
3.80% (B), 09/15/2032 (A)

      5,000,000        4,748,227  
 

 

Transamerica Funds

     Page    6         

Transamerica Short-Term Bond

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

 

     Principal      Value  
MORTGAGE-BACKED SECURITIES (continued)  

BBCMS Mortgage Trust

      

Series 2017-DELC, Class C,

      

1-Month LIBOR + 1.20%,
3.20% (B), 08/15/2036 (A)

      $   5,300,000        $   5,153,162  

Series 2017-DELC, Class D,

      

1-Month LIBOR + 1.70%,
3.70% (B), 08/15/2036 (A)

      15,254,000        14,751,960  

Series 2017-DELC, Class E,

      

1-Month LIBOR + 2.50%,
4.50% (B), 08/15/2036 (A)

      5,000,000        4,792,650  

Series 2018-TALL, Class C,

      

1-Month LIBOR + 1.12%,
3.12% (B), 03/15/2037 (A)

      11,015,000        9,997,904  

Series 2018-TALL, Class E,

      

1-Month LIBOR + 2.44%,
4.44% (B), 03/15/2037 (A)

      15,000,000        12,587,273  

BX Commercial Mortgage Trust

      

Series 2019-XL, Class D,

      

1-Month LIBOR + 1.45%,
3.45% (B), 10/15/2036 (A)

      10,200,000        9,943,335  

Series 2020-VKNG, Class C,

      

1-Month LIBOR + 1.40%,
3.40% (B), 10/15/2037 (A)

      4,395,720        4,189,834  

Series 2021-VOLT, Class C,

      

1-Month LIBOR + 1.10%,
3.10% (B), 09/15/2036 (A)

      11,700,000        10,935,386  

BX Trust

      

Series 2018-GW, Class D,

      

1-Month LIBOR + 1.77%,
3.77% (B), 05/15/2035 (A)

      6,250,000        5,966,909  

Series 2021-ARIA, Class C,

      

1-Month LIBOR + 1.65%,
3.65% (B), 10/15/2036 (A)

      13,000,000        12,134,793  

Series 2021-MFM1, Class C,

      

1-Month LIBOR + 1.20%,
3.20% (B), 01/15/2034 (A)

      4,000,000        3,798,874  

BXP Trust

      

Series 2017-CQHP, Class D,

      

1-Month LIBOR + 2.00%,
4.00% (B), 11/15/2034 (A)

      11,825,000        10,781,759  

CAMB Commercial Mortgage Trust

      

Series 2019-LIFE, Class D,

      

1-Month LIBOR + 1.75%,
3.75% (B), 12/15/2037 (A)

      9,760,000        9,424,239  

CIM Trust

      

Series 2021-R6, Class A1,

      

1.43% (B), 07/25/2061 (A)

      14,110,116        12,904,731  

Citigroup Mortgage Loan Trust, Inc.

      

Series 2014-A, Class A,

      

4.00% (B), 01/25/2035 (A)

      1,420,946        1,396,951  

Series 2018-RP1, Class A1,

      

3.00% (B), 09/25/2064 (A)

      3,600,022        3,534,516  

CLNY Trust

      

Series 2019-IKPR, Class C,

      

1-Month LIBOR + 1.68%,
3.68% (B), 11/15/2038 (A)

      14,650,000        13,766,152  

CORE Mortgage Trust

      

Series 2019-CORE, Class C,

      

1-Month LIBOR + 1.30%,
3.30% (B), 12/15/2031 (A)

      12,312,000        11,810,799  

CSMC Trust

      

Series 2021-RPL2, Class A1A,

      

1.11% (B), 01/25/2060 (A)

      12,017,202        10,521,467  
     Principal      Value  
MORTGAGE-BACKED SECURITIES (continued)  

CSMC Trust (continued)

      

Series 2021-RPL3, Class A1,

      

2.00% (B), 01/25/2060 (A)

      $   6,828,483        $   6,424,717  

Series 2021-RPL6, Class A1,

      

2.00% (B), 10/25/2060 (A)

      12,823,535        11,815,871  

DBCG Mortgage Trust

      

Series 2017-BBG, Class B,

      

1-Month LIBOR + 0.85%,
2.85% (B), 06/15/2034 (A)

      12,500,000        12,142,876  

Series 2017-BBG, Class C,

      

1-Month LIBOR + 1.00%,
3.00% (B), 06/15/2034 (A)

      2,500,000        2,413,492  

Fontainebleau Miami Beach Trust

      

Series 2019-FBLU, Class D,

      

3.96% (B), 12/10/2036 (A)

      15,000,000        14,333,177  

Great Wolf Trust

      

Series 2019-WOLF, Class C,

      

1-Month LIBOR + 1.63%,
3.63% (B), 12/15/2036 (A)

      9,960,000        9,508,949  

GS Mortgage Securities Trust

      

Series 2013-G1, Class A1,

      

2.06%, 04/10/2031 (A)

      544,399        542,638  

JPMorgan Chase Commercial Mortgage Securities Trust

      

Series 2022-NLP, Class C,

      

1-Month SOFR + 1.48%,
3.44% (B), 04/15/2037 (A)

      10,000,000        9,348,549  

MBRT

      

Series 2019-MBR, Class D,

      

1-Month LIBOR + 1.95%,
3.95% (B), 11/15/2036 (A)

      10,730,000        10,298,180  

Metlife Securitization Trust

      

Series 2017-1A, Class A,

      

3.00% (B), 04/25/2055 (A)

      4,867,310        4,719,352  

MFA Trust

      

Series 2021-RPL1, Class A1,

      

1.13% (B), 07/25/2060 (A)

      3,942,582        3,617,455  

MHP Trust

      

Series 2021-STOR, Class C,

      

1-Month LIBOR + 1.05%,
3.05% (B), 07/15/2038 (A)

      3,000,000        2,856,722  

Series 2021-STOR, Class D,

      

1-Month LIBOR + 1.35%,
3.35% (B), 07/15/2038 (A)

      5,000,000        4,736,066  

Morgan Stanley Capital I Trust

      

Series 2017-ASHF, Class D,

      

1-Month LIBOR + 2.20%,
4.20% (B), 11/15/2034 (A)

      8,200,000        7,656,405  

Series 2019-BPR, Class B,

      

1-Month LIBOR + 2.35%,
4.35% (B), 05/15/2036 (A)

      6,720,000        6,454,319  

Series 2019-NUGS, Class B,

      

1-Month LIBOR + 1.30%,
3.30% (B), 12/15/2036 (A)

      7,000,000        6,763,037  

Series 2019-NUGS, Class C,

      

1-Month LIBOR + 1.50%,
3.50% (B), 12/15/2036 (A)

      5,200,000        4,977,528  

Mortgage Equity Conversion Asset Trust

      

Series 2010-1A, Class A,

      

4.00%, 07/25/2060 (A)

      3,118,629        2,932,890  

MSCG Trust

      

Series 2018-SELF, Class C,

      

1-Month LIBOR + 1.18%,
3.18% (B), 10/15/2037 (A)

      11,780,000        11,365,158  
 

 

Transamerica Funds

     Page    7         

Transamerica Short-Term Bond

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

 

     Principal      Value  
MORTGAGE-BACKED SECURITIES (continued)  

MSCG Trust (continued)

      

Series 2018-SELF, Class D,

      

1-Month LIBOR + 1.65%,
3.65% (B), 10/15/2037 (A)

      $   9,220,000        $   8,872,136  

New Residential Mortgage Loan Trust

      

Series 2014-1A, Class A,

      

3.75% (B), 01/25/2054 (A)

      1,106,630        1,075,922  

Series 2014-3A, Class AFX3,

      

3.75% (B), 11/25/2054 (A)

      1,375,468        1,337,813  

Series 2016-4A, Class A1,

      

3.75% (B), 11/25/2056 (A)

      2,222,489        2,154,398  

Series 2017-3A, Class A1,

      

4.00% (B), 04/25/2057 (A)

      3,813,576        3,766,049  

Series 2017-4A, Class A1,

      

4.00% (B), 05/25/2057 (A)

      2,209,516        2,145,790  

Series 2017-5A, Class A1,

      

1-Month LIBOR + 1.50%,
3.76% (B), 06/25/2057 (A)

      2,305,908        2,291,158  

Series 2018-1A, Class A1A,

      

4.00% (B), 12/25/2057 (A)

      2,541,771        2,481,789  

Series 2018-2A, Class A1,

      

4.50% (B), 02/25/2058 (A)

      3,738,416        3,710,660  

Series 2018-RPL1, Class A1,

      

3.50% (B), 12/25/2057 (A)

      2,232,955        2,183,648  

Series 2019-2A, Class A1,

      

4.25% (B), 12/25/2057 (A)

      4,625,933        4,572,374  

Series 2019-3A, Class A1A,

      

3.75% (B), 11/25/2058 (A)

      5,552,579        5,399,525  

Series 2019-4A, Class A1B,

      

3.50% (B), 12/25/2058 (A)

      6,020,239        5,863,109  

Series 2019-5A, Class A1B,

      

3.50% (B), 08/25/2059 (A)

      5,888,606        5,773,173  

Series 2019-RPL2, Class A1,

      

3.25% (B), 02/25/2059 (A)

      10,050,164        9,759,789  

RBSSP Resecuritization Trust

      

Series 2013-2, Class 2A1,

      

1-Month LIBOR + 0.19%,
1.79% (B), 12/20/2036 (A)

      787,856        785,099  

SFO Commercial Mortgage Trust

      

Series 2021-555, Class D,

      

1-Month LIBOR + 2.40%,
4.40% (B), 05/15/2038 (A)

      9,900,000        9,279,230  

Tharaldson Hotel Portfolio Trust

      

Series 2018-THL, Class C,

      

1-Month LIBOR + 1.65%,
3.44% (B), 11/11/2034 (A)

      12,151,204        11,402,569  

Towd Point Mortgage Trust

      

Series 2019-4, Class A1,

      

2.90% (B), 10/25/2059 (A)

      5,496,377        5,335,897  

Series 2021-1, Class A1,

      

2.25% (B), 11/25/2061 (A)

      10,604,807        9,908,522  
     

 

 

  

Total Mortgage-Backed Securities
(Cost $497,277,574)

 

      468,931,628  
     

 

 

  
     Principal      Value  
U.S. GOVERNMENT AGENCY OBLIGATIONS - 0.7%  

Federal Home Loan Mortgage Corp.

      

12-Month LIBOR + 1.77%,
2.02% (B), 08/01/2037

      $   288,395        $   287,385  

Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates

      

Series K027, Class A2,

      

2.64%, 01/25/2023

      24,614,642        24,556,241  
     

 

 

  

Total U.S. Government Agency Obligations
(Cost $25,208,034)

 

      24,843,626  
     

 

 

  
U.S. GOVERNMENT OBLIGATIONS - 9.8%  
U.S. Treasury - 9.8%  

U.S. Treasury Note

      

1.50%, 02/15/2025

      65,718,000        63,510,286  

2.50%, 04/30/2024

      51,000,000        50,607,540  

2.63%, 04/15/2025

      194,148,000        192,919,408  

2.88%, 06/15/2025

      34,893,000        34,920,260  
     

 

 

  

Total U.S. Government Obligations
(Cost $343,031,009)

 

      341,957,494  
     

 

 

  
     Shares      Value  
OTHER INVESTMENT COMPANY - 0.1%  
Securities Lending Collateral - 0.1%  

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

      2,867,303        2,867,303  
     

 

 

  

Total Other Investment Company
(Cost $2,867,303)

 

      2,867,303  
     

 

 

  
     Principal      Value  
REPURCHASE AGREEMENT - 2.4%  

Fixed Income Clearing Corp., 0.65% (G), dated 07/29/2022, to be repurchased at $82,610,765 on 08/01/2022. Collateralized by a U.S. Government Obligation, 3.00%, due 07/15/2025, and with a value of $84,258,503.

      $  82,606,290        82,606,290  
     

 

 

  

Total Repurchase Agreement
(Cost $82,606,290)

 

      82,606,290  
     

 

 

  

Total Investments
(Cost $3,592,550,157)

 

      3,473,029,249  

Net Other Assets (Liabilities) - 0.6%

         22,008,272  
     

 

 

  

Net Assets - 100.0%

         $  3,495,037,521  
     

 

 

  
 

 

Transamerica Funds

     Page    8         

Transamerica Short-Term Bond

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

 

FUTURES CONTRACTS:

 

Long Futures Contracts

 

 

Description

    Number of
Contracts		    Expiration
Date		    Notional
Amount		    Value    Unrealized
Appreciation		    Unrealized
Depreciation

2-Year U.S. Treasury Note

        1,044        09/30/2022      $   220,407,176      $   219,721,219      $     —        $     (685,957 )

Short Futures Contracts

 

 

Description

    Number of
Contracts		   Expiration
Date		    Notional
Amount		   Value   Unrealized
Appreciation		    Unrealized
Depreciation

5-Year U.S. Treasury Note

        (338 )       09/30/2022      $   (38,325,587 )     $   (38,439,578 )     $     —        $ (113,991 )
                     

 

 

       

 

 

  

Total Futures Contracts

                       $ —        $     (799,948 )
                     

 

 

       

 

 

  

INVESTMENT VALUATION:

 

Valuation Inputs (H)

 

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

ASSETS

           

Investments

 

Asset-Backed Securities

    $ —       $ 340,694,827      $ —        $ 340,694,827  

Corporate Debt Securities

      —         2,199,855,277        —          2,199,855,277  

Foreign Government Obligation

      —         2,180,398        —          2,180,398  

Loan Assignment

      —         9,092,406        —          9,092,406  

Mortgage-Backed Securities

      —         468,931,628        —          468,931,628  

U.S. Government Agency Obligations

      —         24,843,626        —          24,843,626  

U.S. Government Obligations

      —         341,957,494        —          341,957,494  

Other Investment Company

      2,867,303       —          —          2,867,303  

Repurchase Agreement

      —         82,606,290        —          82,606,290  
  

 

 

    

 

 

     

 

 

     

 

 

  

Total Investments

    $     2,867,303     $     3,470,161,946      $     —        $     3,473,029,249  
  

 

 

    

 

 

     

 

 

     

 

 

  

LIABILITIES

 

Other Financial Instruments

 

Futures Contracts (I)

    $ (799,948 )    $ —        $ —        $ (799,948 ) 
  

 

 

    

 

 

     

 

 

     

 

 

  

Total Other Financial Instruments

    $ (799,948 )    $ —        $ —        $ (799,948 ) 
  

 

 

    

 

 

     

 

 

     

 

 

  

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 July 31, 2022, the total value of 144A securities is $1,513,544,157, representing 43.3% of the Fund’s net assets.
(B)      Floating or variable rate securities. The rates disclosed are as of July 31, 2022. 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.
(C)      When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after July 31, 2022. Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(D)      All or a portion of the securities are on loan. The total value of all securities on loan is $3,413,125, collateralized by cash collateral of $2,867,303 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $618,188. 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.
(E)      Restricted security. At July 31, 2022, the value of such security held by the Fund is as follows:

 

Investments

   

Description

    Acquisition
Date		      Acquisition
Cost		      Value      Value as
Percentage of
Net Assets		  

Corporate Debt Securities

    Delta Air Lines, Inc.
    3.80%, 04/19/2023		      07/15/2019      $   10,239,181      $   9,931,975        0.3 % 

 

(F)      Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of July 31, 2022; the maturity date disclosed is the ultimate maturity date.
(G)      Rates disclosed reflect the yields at July 31, 2022.
(H)      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.
(I)      Derivative instruments are valued at unrealized appreciation (depreciation).

 

Transamerica Funds

     Page    9         

Transamerica Short-Term Bond

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

 

PORTFOLIO ABBREVIATIONS:

 

LIBOR

    London Interbank Offered Rate

SOFR

    Secured Overnight Financing Rate

 

Transamerica Funds

     Page    10         

Transamerica Short-Term Bond

 

NOTES TO SCHEDULE OF INVESTMENTS

At July 31, 2022

(unaudited)

 

INVESTMENT VALUATION

Transamerica Short-Term Bond (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:

Asset-backed securities: The fair value of asset-backed securities is estimated based on models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.

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.

Foreign government obligations: Foreign government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

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.

 

Transamerica Funds

     Page    11         

Transamerica Short-Term Bond

 

NOTES TO SCHEDULE OF INVESTMENTS (continued)

At July 31, 2022

(unaudited)

 

Mortgage-backed securities: The fair value of mortgage-backed securities is estimated based on models that consider issuer type, coupon, cash flows, mortgage prepayment projection tables and adjustable rate mortgage evaluations that incorporate index data, periodic life caps and the next coupon reset date. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.

U.S. government agency obligations: U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced (“TBA”) securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.

U.S. government obligations: U.S. government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

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.

Restricted securities: Restricted securities for which quotations are not readily available are valued at fair value. Restricted securities issued by publicly traded companies are generally valued at a discount to similar publicly traded securities. Restricted securities issued by nonpublic entities may be valued by reference to comparable public entities and/or fundamental data relating to the issuer. Depending on the relative significance of observable valuation inputs, these instruments may be classified in either Level 2 or Level 3 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    12