Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS

At January 31, 2023

(unaudited)

	Shares		Value
COMMON STOCKS - 60.5%
Aerospace & Defense - 0.9%
General Dynamics Corp.		3,245		$  756,280
Howmet Aerospace, Inc.		8,870		360,920
Raytheon Technologies Corp.		63,370		6,327,494
Textron, Inc.		33,567		2,445,356
				9,890,050
Air Freight & Logistics - 0.6%
United Parcel Service, Inc., Class B		36,110		6,688,655
Airlines - 0.1%
Southwest Airlines Co.		18,125		648,331
Auto Components - 0.1%
Magna International, Inc. (A)		17,141		1,113,137
Automobiles - 0.8%
Tesla, Inc. (B)		52,446		9,084,696
Banks - 2.5%
Bank of America Corp.		153,716		5,453,844
Citigroup, Inc.		39,511		2,063,264
Fifth Third Bancorp		55,175		2,002,301
SVB Financial Group (B)		1,909		577,358
Truist Financial Corp.		84,323		4,164,713
US Bancorp		120,011		5,976,548
Wells Fargo & Co.		166,049		7,782,716
				28,020,744
Beverages - 1.4%
Coca-Cola Co.		131,837		8,084,245
Constellation Brands, Inc., Class A		11,908		2,756,940
Monster Beverage Corp. (B)		7,689		800,271
PepsiCo, Inc.		24,911		4,260,279
				15,901,735
Biotechnology - 1.9%
AbbVie, Inc.		57,627		8,514,389
Biogen, Inc. (B)		8,060		2,344,654
BioMarin Pharmaceutical, Inc. (B)		6,188		713,786
Neurocrine Biosciences, Inc. (B)		5,588		619,877
Regeneron Pharmaceuticals, Inc. (B)		5,536		4,198,890
Sarepta Therapeutics, Inc. (B)		6,275		784,187
Vertex Pharmaceuticals, Inc. (B)		12,382		4,000,624
				21,176,407
Building Products - 0.6%
Masco Corp.		30,818		1,639,518
Trane Technologies PLC		25,153		4,505,405
				6,144,923
Capital Markets - 1.1%
Ameriprise Financial, Inc.		3,725		1,304,197
CME Group, Inc.		21,125		3,731,942
Morgan Stanley		33,306		3,241,673
Raymond James Financial, Inc.		17,015		1,918,782
State Street Corp.		16,882		1,541,833
				11,738,427
Chemicals - 1.3%
Air Products & Chemicals, Inc.		4,201		1,346,463
Celanese Corp.		4,335		534,072

	Shares		Value
COMMON STOCKS (continued)
Chemicals (continued)
Dow, Inc.		18,313		$   1,086,877
DuPont de Nemours, Inc.		15,051		1,113,021
Eastman Chemical Co.		23,030		2,030,555
Linde PLC		15,359		5,082,907
LyondellBasell Industries NV, Class A		5,643		545,622
PPG Industries, Inc.		20,377		2,655,938
				14,395,455
Commercial Services & Supplies - 0.1%
Cintas Corp.		1,993		884,374
Communications Equipment - 0.1%
Motorola Solutions, Inc.		5,852		1,504,023
Construction Materials - 0.0% (C)
Martin Marietta Materials, Inc.		1,492		536,583
Consumer Finance - 0.9%
American Express Co.		34,846		6,095,611
Capital One Financial Corp.		5,674		675,206
S&P Global, Inc.		9,421		3,532,310
				10,303,127
Containers & Packaging - 0.0% (C)
Avery Dennison Corp.		2,730		517,171
Diversified Financial Services - 1.2%
Berkshire Hathaway, Inc., Class B (B)		32,086		9,995,431
Intercontinental Exchange, Inc.		29,670		3,191,008
				13,186,439
Diversified Telecommunication Services - 0.0% (C)
AT&T, Inc.		10,250		208,793
Electric Utilities - 0.9%
FirstEnergy Corp.		15,797		646,887
NextEra Energy, Inc.		89,184		6,655,802
PG&E Corp. (B)		159,650		2,538,435
				9,841,124
Electrical Equipment - 0.4%
Eaton Corp. PLC		24,860		4,032,541
Electronic Equipment, Instruments & Components - 0.2%
Corning, Inc.		25,167		871,030
TE Connectivity Ltd.		6,520		829,018
				1,700,048
Energy Equipment & Services - 0.1%
Baker Hughes Co.		35,007		1,111,122
Entertainment - 0.5%
Netflix, Inc. (B)		11,801		4,175,902
Walt Disney Co. (B)		8,975		973,698
				5,149,600
Equity Real Estate Investment Trusts - 1.7%
Camden Property Trust		4,118		507,379
Equinix, Inc.		2,911		2,148,696
Equity LifeStyle Properties, Inc.		19,958		1,432,585
Host Hotels & Resorts, Inc.		17,048		321,355
Prologis, Inc.		40,040		5,176,371
SBA Communications Corp.		11,194		3,330,551
Sun Communities, Inc.		10,442		1,637,932

Transamerica Funds Page    1

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Equity Real Estate Investment Trusts (continued)
UDR, Inc.		37,629		$   1,602,619
Ventas, Inc.		49,437		2,561,331
				18,718,819
Food & Staples Retailing - 0.5%
Costco Wholesale Corp.		10,469		5,351,125
Food Products - 0.2%
Mondelez International, Inc., Class A		30,915		2,023,078
Health Care Equipment & Supplies - 1.5%
Abbott Laboratories		35,262		3,898,214
Baxter International, Inc.		42,542		1,943,744
Boston Scientific Corp. (B)		66,691		3,084,459
Dexcom, Inc. (B)		7,820		837,444
Intuitive Surgical, Inc. (B)		14,657		3,601,078
Medtronic PLC		31,395		2,627,447
Zimmer Biomet Holdings, Inc.		6,823		868,841
				16,861,227
Health Care Providers & Services - 2.0%
Centene Corp. (B)		30,964		2,360,695
CVS Health Corp.		10,723		945,983
Elevance Health, Inc.		8,238		4,118,918
Humana, Inc.		3,651		1,868,217
McKesson Corp.		4,811		1,821,829
UnitedHealth Group, Inc.		23,303		11,632,625
				22,748,267
Hotels, Restaurants & Leisure - 1.7%
Booking Holdings, Inc. (B)		1,892		4,605,317
Chipotle Mexican Grill, Inc. (B)		2,028		3,338,859
Domino’s Pizza, Inc.		2,548		899,444
Expedia Group, Inc. (B)		16,016		1,830,629
Marriott International, Inc., Class A		13,000		2,264,340
McDonald’s Corp.		12,731		3,404,269
Royal Caribbean Cruises Ltd. (A) (B)		4,154		269,761
Yum! Brands, Inc.		14,407		1,880,257
				18,492,876
Household Durables - 0.2%
Lennar Corp., Class A		17,375		1,779,200
Toll Brothers, Inc.		14,998		892,231
				2,671,431
Household Products - 1.0%
Colgate-Palmolive Co.		49,476		3,687,446
Kimberly-Clark Corp.		14,744		1,916,867
Procter & Gamble Co.		38,883		5,536,162
				11,140,475
Industrial Conglomerates - 0.7%
Honeywell International, Inc.		35,788		7,461,082
Insurance - 1.3%
Aon PLC, Class A		4,179		1,331,764
Globe Life, Inc.		11,232		1,357,387
Progressive Corp.		43,076		5,873,412
Prudential Financial, Inc.		7,406		777,186
Travelers Cos., Inc.		24,042		4,594,907
				13,934,656
Interactive Media & Services - 2.9%
Alphabet, Inc., Class A (B)		140,461		13,883,165

	Shares		Value
COMMON STOCKS (continued)
Interactive Media & Services (continued)
Alphabet, Inc., Class C (B)		103,363		$   10,322,863
Meta Platforms, Inc., Class A (B)		55,283		8,235,509
				32,441,537
Internet & Direct Marketing Retail - 1.8%
Amazon.com, Inc. (B)		195,924		20,205,642
IT Services - 2.7%
Accenture PLC, Class A		22,173		6,187,376
Affirm Holdings, Inc. (A) (B)		10,017		162,175
Block, Inc. (B)		5,399		441,206
Cognizant Technology Solutions Corp., Class A		15,325		1,022,944
FleetCor Technologies, Inc. (B)		11,961		2,497,577
Mastercard, Inc., Class A		30,724		11,386,314
Visa, Inc., Class A (A)		35,730		8,225,403
				29,922,995
Life Sciences Tools & Services - 1.1%
Danaher Corp.		14,721		3,891,938
Thermo Fisher Scientific, Inc.		13,901		7,928,157
				11,820,095
Machinery - 1.2%
Deere & Co.		12,837		5,427,997
Dover Corp.		10,526		1,598,163
Ingersoll Rand, Inc.		7,791		436,296
Otis Worldwide Corp.		30,679		2,522,734
Parker-Hannifin Corp.		11,563		3,769,538
				13,754,728
Media - 0.8%
Charter Communications, Inc., Class A (B)		8,442		3,244,345
Comcast Corp., Class A		141,796		5,579,673
				8,824,018
Metals & Mining - 0.2%
Freeport-McMoRan, Inc.		23,540		1,050,355
Nucor Corp.		7,285		1,231,311
				2,281,666
Multi-Utilities - 0.9%
Ameren Corp.		19,622		1,704,563
CenterPoint Energy, Inc.		65,491		1,972,589
Dominion Energy, Inc.		6,206		394,950
Public Service Enterprise Group, Inc.		40,278		2,494,416
Sempra Energy		18,378		2,946,545
				9,513,063
Multiline Retail - 0.1%
Target Corp.		3,410		586,997
Oil, Gas & Consumable Fuels - 3.0%
Chevron Corp.		15,823		2,753,519
ConocoPhillips		57,944		7,061,635
Coterra Energy, Inc.		23,695		593,086
Diamondback Energy, Inc.		28,483		4,161,936
EOG Resources, Inc.		31,489		4,164,420
Exxon Mobil Corp.		111,238		12,904,720
Marathon Oil Corp.		39,699		1,090,532
Phillips 66		4,957		497,038
				33,226,886
Pharmaceuticals - 2.3%
Bristol-Myers Squibb Co.		90,687		6,588,411

Transamerica Funds Page    2

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Eli Lilly & Co.		19,263		$   6,629,361
Johnson & Johnson		35,348		5,776,570
Merck & Co., Inc.		43,593		4,682,324
Pfizer, Inc.		44,526		1,966,268
				25,642,934
Professional Services - 0.2%
Booz Allen Hamilton Holding Corp.		5,839		552,603
Leidos Holdings, Inc.		17,086		1,688,780
				2,241,383
Road & Rail - 0.7%
CSX Corp.		40,914		1,265,061
Norfolk Southern Corp.		13,706		3,369,072
Uber Technologies, Inc. (B)		22,214		687,079
Union Pacific Corp.		12,200		2,491,118
				7,812,330
Semiconductors & Semiconductor Equipment - 3.7%
Advanced Micro Devices, Inc. (B)		55,855		4,197,503
Analog Devices, Inc.		31,961		5,480,353
Broadcom, Inc.		2,088		1,221,501
Lam Research Corp.		10,604		5,303,060
Microchip Technology, Inc.		16,512		1,281,662
NVIDIA Corp.		41,781		8,162,754
NXP Semiconductors NV		32,013		5,900,316
Qorvo, Inc. (B)		2,958		321,416
QUALCOMM, Inc.		2,281		303,852
Teradyne, Inc.		16,729		1,701,339
Texas Instruments, Inc.		41,063		7,276,774
				41,150,530
Software - 5.1%
Adobe, Inc. (B)		15,551		5,759,157
Cadence Design Systems, Inc. (B)		5,191		949,071
DocuSign, Inc. (B)		7,387		447,948
Intuit, Inc.		10,114		4,274,884
Microsoft Corp.		162,203		40,195,525
Oracle Corp.		30,160		2,667,954
Salesforce, Inc. (B)		2,978		500,215
Workday, Inc., Class A (B)		9,644		1,749,711
				56,544,465
Specialty Retail - 2.2%
AutoNation, Inc. (B)		8,544		1,082,696
AutoZone, Inc. (B)		1,490		3,633,886
Best Buy Co., Inc.		28,866		2,560,991
Burlington Stores, Inc. (B)		5,954		1,368,408
Home Depot, Inc.		12,348		4,002,851
Lowe’s Cos., Inc.		33,423		6,960,340
O’Reilly Automotive, Inc. (B)		3,345		2,650,411
TJX Cos., Inc.		25,895		2,119,765
				24,379,348
Technology Hardware, Storage & Peripherals - 4.1%
Apple, Inc.		295,851		42,688,341
Seagate Technology Holdings PLC		37,472		2,539,852
				45,228,193
Textiles, Apparel & Luxury Goods - 0.3%
NIKE, Inc., Class B		30,181		3,842,947

	Shares		Value
COMMON STOCKS (continued)
Tobacco - 0.4%
Altria Group, Inc.		34,839		$   1,569,149
Philip Morris International, Inc.		23,502		2,449,848
				4,018,997
Wireless Telecommunication Services - 0.3%
T-Mobile US, Inc. (B)		21,839		3,260,781
Total Common Stocks (Cost $394,968,323)				669,880,076
PREFERRED STOCKS - 0.1%
Banks - 0.1%
Citigroup Capital XIII,
3-Month LIBOR + 6.37%, 11.17% (D)		29,988		861,255
Electric Utilities - 0.0% (C)
SCE Trust III,
Series H, Fixed until 03/15/2024, 5.75% (D)		960		21,456
Total Preferred Stocks (Cost $872,517)				882,711
	Principal		Value
ASSET-BACKED SECURITIES - 2.2%
321 Henderson Receivables VI LLC
Series 2010-1A, Class A,
5.56%, 07/15/2059 (E)		$  161,494		157,576
Accelerated LLC
Series 2021-1H, Class A,
1.35%, 10/20/2040 (E)		279,264		254,720
Bavarian Sky UK 5 PLC
Series 2014-1A, Class A1A2,
3-Month LIBOR + 1.20%, 6.01% (D), 10/20/2034 (E)		2,200,000		2,137,243
BRE Grand Islander Timeshare Issuer LLC
Series 2017-1A, Class A,
2.94%, 05/25/2029 (E)		130,063		125,973
BXG Receivables Note Trust
Series 2015-A, Class A,
2.88%, 05/02/2030 (E)		94,533		90,863
CIFC Funding Ltd.
Series 2013-2A, Class A1L2,
3-Month LIBOR + 1.00%, 5.79% (D), 10/18/2030 (E)		2,474,096		2,455,852
Diamond Resorts Owner Trust
Series 2019-1A, Class A,
2.89%, 02/20/2032 (E)		80,363		78,760
GM Financial Consumer Automobile Receivables Trust
Series 2023-1, Class A2A,
5.19%, 03/16/2026		480,000		480,613
GoodLeap Sustainable Home Solutions Trust
Series 2021-4GS, Class A,
1.93%, 07/20/2048 (E)		793,150		605,638
Series 2021-5CS, Class A,
2.31%, 10/20/2048 (E)		927,443		754,256
Series 2022-1GS, Class A,
2.70%, 01/20/2049 (E)		1,226,703		1,016,538

Transamerica Funds Page    3

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
ASSET-BACKED SECURITIES (continued)
JG Wentworth XXII LLC
Series 2010-3A, Class A,
3.82%, 12/15/2048 (E)		$   267,641		$   261,320
JGWPT XXVIII LLC
Series 2013-1A, Class A,
3.22%, 04/15/2067 (E)		663,072		583,788
Laurel Road Prime Student Loan Trust
Series 2018-B, Class A2FX,
3.54%, 05/26/2043 (E)		40,271		39,533
Longfellow Place CLO Ltd.
Series 2013-1A, Class AR3,
3-Month LIBOR + 1.00%, 5.79% (D), 04/15/2029 (E)		181,471		180,820
MVW LLC
Series 2021-1WA, Class A,
1.14%, 01/22/2041 (E)		523,937		478,472
MVW Owner Trust
Series 2019-1A, Class A,
2.89%, 11/20/2036 (E)		94,903		90,177
New Residential Advance Receivables Trust
Series 2020-T1, Class AT1,
1.43%, 08/15/2053 (E)		1,950,000		1,890,502
NRZ Advance Receivables Trust
Series 2020-T2, Class AT2,
1.48%, 09/15/2053 (E)		1,899,640		1,838,801
Octagon Investment Partners 33 Ltd.
Series 2017-1A, Class A1,
3-Month LIBOR + 1.19%, 6.00% (D), 01/20/2031 (E)		800,000		794,368
Orange Lake Timeshare Trust
Series 2016-A, Class A,
2.61%, 03/08/2029 (E)		189,363		182,181
Series 2018-A, Class A,
3.10%, 11/08/2030 (E)		31,553		30,606
Series 2018-A, Class B,
3.35%, 11/08/2030 (E)		25,816		25,032
Series 2019-A, Class A,
3.06%, 04/09/2038 (E)		221,977		213,656
Palmer Square CLO Ltd.
Series 2015-2A, Class A1R2,
3-Month LIBOR + 1.10%, 5.91% (D), 07/20/2030 (E)		1,898,487		1,884,273
Sierra Timeshare Receivables Funding LLC
Series 2020-2A, Class A,
1.33%, 07/20/2037 (E)		208,633		197,126
Series 2021-1A, Class A,
0.99%, 11/20/2037 (E)		660,569		615,405
Towd Point Mortgage Trust
Series 2017-1, Class A1,
2.75% (D), 10/25/2056 (E)		101,765		100,248
Series 2017-2, Class A1,
2.75% (D), 04/25/2057 (E)		103,532		102,290
Series 2017-3, Class A1,
2.75% (D), 07/25/2057 (E)		78,388		76,320
Series 2017-4, Class A1,
2.75% (D), 06/25/2057 (E)		441,622		421,181
Series 2017-6, Class A1,
2.75% (D), 10/25/2057 (E)		229,600		219,313
Series 2018-1, Class A1,
3.00% (D), 01/25/2058 (E)		309,857		299,880
Series 2018-3, Class A1,
3.75% (D), 05/25/2058 (E)		661,694		635,129

	Principal		Value
ASSET-BACKED SECURITIES (continued)
Towd Point Mortgage Trust (continued)
Series 2018-4, Class A1,
3.00% (D), 06/25/2058 (E)		$   1,293,553		$   1,204,697
Series 2019-1, Class A1,
3.73% (D), 03/25/2058 (E)		722,385		695,342
Series 2020-4, Class A1,
1.75%, 10/25/2060 (E)		1,084,564		971,628
Trafigura Securitisation Finance PLC
Series 2021-1A, Class A2,
1.08%, 01/15/2025 (E)		1,300,000		1,179,023
Welk Resorts LLC
Series 2017-AA, Class A,
2.82%, 06/15/2033 (E)		163,783		163,056
Wellfleet CLO Ltd.
Series 2016-2A, Class A1R,
3-Month LIBOR + 1.14%, 5.95% (D), 10/20/2028 (E)		447,997		444,284
Total Asset-Backed Securities (Cost $25,627,531)				23,976,483
CORPORATE DEBT SECURITIES - 13.8%
Aerospace & Defense - 0.3%
Boeing Co.
3.50%, 03/01/2039		1,494,000		1,160,296
5.15%, 05/01/2030		872,000		876,968
Huntington Ingalls Industries, Inc.
2.04%, 08/16/2028		1,103,000		931,260
				2,968,524
Air Freight & Logistics - 0.1%
GXO Logistics, Inc.
2.65%, 07/15/2031		1,760,000		1,379,166
Airlines - 0.1%
American Airlines Pass-Through Trust
3.20%, 12/15/2029		552,981		491,832
United Airlines Pass-Through Trust
3.75%, 03/03/2028		584,833		545,197
				1,037,029
Auto Components - 0.1%
Aptiv PLC / Aptiv Corp.
3.25%, 03/01/2032		554,000		477,039
BorgWarner, Inc.
3.38%, 03/15/2025 (A)		572,000		552,334
				1,029,373
Automobiles - 0.1%
General Motors Co.
6.25%, 10/02/2043		262,000		259,849
Stellantis Finance US, Inc.
6.38%, 09/12/2032 (E)		661,000		688,109
				947,958
Banks - 1.7%
Bank of America Corp.
Fixed until 04/24/2027, 3.71% (D), 04/24/2028		872,000		830,449
Fixed until 04/27/2032, 4.57% (D), 04/27/2033		2,086,000		2,010,402
Barclays PLC
Fixed until 11/02/2025, 7.33% (D), 11/02/2026		1,291,000		1,354,583
Citigroup, Inc.
Fixed until 10/27/2027, 3.52% (D), 10/27/2028		2,370,000		2,216,228

Transamerica Funds Page    4

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
Commerzbank AG
8.13%, 09/19/2023 (E)		$   1,955,000		$   1,972,925
Intesa Sanpaolo SpA
5.02%, 06/26/2024 (E)		420,000		409,630
Fixed until 11/21/2032, 8.25% (D), 11/21/2033 (E)		1,667,000		1,819,218
JPMorgan Chase & Co.
Fixed until 04/22/2026, 1.58% (D), 04/22/2027		1,512,000		1,357,245
Fixed until 02/01/2027, 3.78% (D), 02/01/2028		507,000		486,625
Fixed until 09/14/2032, 5.72% (D), 09/14/2033		1,870,000		1,923,889
Lloyds Banking Group PLC
Fixed until 08/15/2032, 7.95% (D), 11/15/2033		807,000		919,719
Truist Financial Corp.
5.12%, 01/26/2034		1,300,000		1,313,040
Wells Fargo & Co.
Fixed until 07/25/2027, 4.81% (D), 07/25/2028		1,660,000		1,653,842
Fixed until 06/15/2024 (F), 5.90% (D)		513,000		500,816
				18,768,611
Beverages - 0.2%
Anheuser-Busch InBev Worldwide, Inc.
4.44%, 10/06/2048		888,000		814,580
Constellation Brands, Inc.
3.15%, 08/01/2029		575,000		523,727
3.70%, 12/06/2026		152,000		146,643
Diageo Capital PLC
5.50%, 01/24/2033		471,000		508,574
				1,993,524
Biotechnology - 0.2%
AbbVie, Inc.
3.20%, 05/14/2026		403,000		386,438
4.05%, 11/21/2039		733,000		657,784
Amgen, Inc.
2.00%, 01/15/2032		440,000		355,395
CSL Finance PLC
4.63%, 04/27/2042 (E)		513,000		490,028
Gilead Sciences, Inc.
4.15%, 03/01/2047		177,000		156,940
				2,046,585
Building Products - 0.3%
Carlisle Cos., Inc.
2.20%, 03/01/2032		784,000		624,129
3.75%, 12/01/2027		610,000		584,146
Carrier Global Corp.
2.72%, 02/15/2030		539,000		469,786
Owens Corning
7.00%, 12/01/2036		1,438,000		1,633,130
				3,311,191
Capital Markets - 0.7%
Credit Suisse Group AG
Fixed until 09/11/2024, 2.59% (D), 09/11/2025 (E)		772,000		705,743
Fixed until 08/12/2032, 6.54% (D), 08/12/2033 (E)		1,477,000		1,412,119
Deutsche Bank AG
Fixed until 11/26/2024, 3.96% (D), 11/26/2025		427,000		413,437

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Capital Markets (continued)
Deutsche Bank AG (continued)
Fixed until 05/24/2023, 4.30% (D), 05/24/2028		$   1,270,000		$   1,238,662
Goldman Sachs Group, Inc.
Fixed until 02/24/2032, 3.10% (D), 02/24/2033		1,519,000		1,297,725
Morgan Stanley
Fixed until 12/10/2025, 0.99% (D), 12/10/2026		211,000		187,640
Fixed until 07/20/2032, 4.89% (D), 07/20/2033		785,000		775,499
Fixed until 02/01/2028, 5.12% (D), 02/01/2029		699,000		705,469
Northern Trust Corp.
6.13%, 11/02/2032		1,247,000		1,367,837
				8,104,131
Chemicals - 0.1%
International Flavors & Fragrances, Inc.
2.30%, 11/01/2030 (E)		664,000		549,364
Commercial Services & Supplies - 0.2%
ADT Security Corp.
4.13%, 08/01/2029 (E)		793,000		705,199
Ashtead Capital, Inc.
4.25%, 11/01/2029 (E)		414,000		385,575
5.55%, 05/30/2033 (E)		628,000		629,020
Triton Container International Ltd. / TAL International Container Corp.
3.25%, 03/15/2032		1,038,000		845,306
				2,565,100
Construction & Engineering - 0.0% (C)
Quanta Services, Inc.
2.90%, 10/01/2030		499,000		427,470
Consumer Finance - 0.5%
Ally Financial, Inc.
8.00%, 11/01/2031		1,196,000		1,309,784
BMW US Capital LLC
2.80%, 04/11/2026 (E)		806,000		764,136
Ford Motor Credit Co. LLC
3.38%, 11/13/2025		1,497,000		1,403,138
General Motors Financial Co., Inc.
5.00%, 04/09/2027		755,000		746,826
Nissan Motor Acceptance Co. LLC
2.45%, 09/15/2028 (E)		849,000		687,749
Volkswagen Group of America Finance LLC
1.63%, 11/24/2027 (E)		644,000		554,652
				5,466,285
Containers & Packaging - 0.1%
Sonoco Products Co.
2.25%, 02/01/2027		665,000		600,822
Diversified Financial Services - 0.5%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
3.85%, 10/29/2041		1,096,000		851,393
4.45%, 04/03/2026		1,120,000		1,084,728
4.50%, 09/15/2023		849,000		844,325
Aviation Capital Group LLC
1.95%, 01/30/2026 (E)		677,000		601,902
5.50%, 12/15/2024 (E)		1,296,000		1,282,946
Equitable Holdings, Inc.
5.59%, 01/11/2033		1,284,000		1,311,195
				5,976,489

Transamerica Funds Page    5

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Diversified Telecommunication Services - 0.2%
Sprint Capital Corp.
6.88%, 11/15/2028		$   135,000		$   144,389
Verizon Communications, Inc.
1.68%, 10/30/2030		976,000		784,921
2.99%, 10/30/2056		1,656,000		1,094,648
				2,023,958
Electric Utilities - 0.6%
Appalachian Power Co.
3.40%, 06/01/2025		736,000		712,391
Cleveland Electric Illuminating Co.
5.95%, 12/15/2036		117,000		120,175
DTE Electric Co.
4.30%, 07/01/2044		1,430,000		1,305,931
Duke Energy Corp.
3.75%, 04/15/2024 - 09/01/2046		1,717,000		1,475,605
Duke Energy Progress LLC
3.60%, 09/15/2047		1,237,000		983,806
Entergy Arkansas LLC
3.70%, 06/01/2024		192,000		189,462
Oncor Electric Delivery Co. LLC
5.30%, 06/01/2042		70,000		73,693
Pacific Gas & Electric Co.
2.50%, 02/01/2031		611,000		491,812
PacifiCorp
3.60%, 04/01/2024		833,000		820,831
5.75%, 04/01/2037		117,000		125,307
Public Service Electric & Gas Co.
3.00%, 05/15/2025		424,000		408,878
				6,707,891
Electronic Equipment, Instruments & Components - 0.2%
Arrow Electronics, Inc.
2.95%, 02/15/2032		886,000		732,972
Keysight Technologies, Inc.
4.60%, 04/06/2027		724,000		723,457
Sensata Technologies BV
4.00%, 04/15/2029 (E)		200,000		179,261
Sensata Technologies, Inc.
4.38%, 02/15/2030 (E)		403,000		364,876
				2,000,566
Energy Equipment & Services - 0.1%
Schlumberger Holdings Corp.
3.90%, 05/17/2028 (E)		1,207,000		1,149,955
Schlumberger Investment SA
3.65%, 12/01/2023		98,000		96,872
				1,246,827
Equity Real Estate Investment Trusts - 1.1%
American Tower Trust #1
3.65%, 03/23/2028 (E)		508,000		476,376
Broadstone Net Lease LLC
2.60%, 09/15/2031		1,152,000		877,083
Corporate Office Properties LP
2.00%, 01/15/2029		257,000		203,236
2.25%, 03/15/2026		314,000		283,841
Invitation Homes Operating Partnership LP
4.15%, 04/15/2032		513,000		469,306
Office Properties Income Trust
3.45%, 10/15/2031		602,000		421,548
Physicians Realty LP
2.63%, 11/01/2031		951,000		778,631

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Equity Real Estate Investment Trusts (continued)
Realty Income Corp.
5.63%, 10/13/2032		$   393,000		$   415,567
SBA Tower Trust
1.63%, 05/15/2051 (E)		2,058,000		1,794,567
1.88%, 07/15/2050 (E)		746,000		669,737
2.84%, 01/15/2050 (E)		2,715,000		2,565,552
Simon Property Group LP
2.20%, 02/01/2031		717,000		589,832
Ventas Realty LP
3.25%, 10/15/2026		930,000		874,658
VICI Properties LP
4.95%, 02/15/2030		1,256,000		1,213,769
Weyerhaeuser Co.
4.00%, 04/15/2030		1,001,000		942,491
				12,576,194
Food & Staples Retailing - 0.2%
7-Eleven, Inc.
1.80%, 02/10/2031 (E)		1,001,000		796,303
Sysco Corp.
3.30%, 07/15/2026		945,000		907,920
				1,704,223
Food Products - 0.3%
Bunge Ltd. Finance Corp.
2.75%, 05/14/2031		957,000		817,526
Cargill, Inc.
5.13%, 10/11/2032 (E)		527,000		546,488
JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.
3.00%, 02/02/2029 (E)		440,000		377,674
Pilgrim’s Pride Corp.
3.50%, 03/01/2032 (E)		1,051,000		855,251
Viterra Finance BV
4.90%, 04/21/2027 (E)		878,000		842,768
				3,439,707
Health Care Equipment & Supplies - 0.1%
Alcon Finance Corp.
2.75%, 09/23/2026 (E)		600,000		556,962
5.75%, 12/06/2052 (E)		410,000		439,574
GE HealthCare Technologies, Inc.
5.86%, 03/15/2030 (E)		412,000		436,356
				1,432,892
Health Care Providers & Services - 0.6%
Centene Corp.
3.00%, 10/15/2030		875,000		748,125
3.38%, 02/15/2030		510,000		448,351
Cigna Corp.
2.40%, 03/15/2030		862,000		742,206
CVS Health Corp.
2.70%, 08/21/2040		858,000		616,766
Elevance Health, Inc.
2.25%, 05/15/2030		721,000		613,698
5.13%, 02/15/2053		496,000		494,947
HCA, Inc.
4.13%, 06/15/2029		520,000		493,200
5.25%, 04/15/2025		230,000		230,134
5.50%, 06/15/2047		527,000		498,492
Laboratory Corp. of America Holdings
2.95%, 12/01/2029		532,000		475,514

Transamerica Funds Page    6

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Health Care Providers & Services (continued)
Molina Healthcare, Inc.
4.38%, 06/15/2028 (E)		$   362,000		$   334,325
UnitedHealth Group, Inc.
6.05%, 02/15/2063		747,000		867,893
				6,563,651
Hotels, Restaurants & Leisure - 0.2%
Expedia Group, Inc.
2.95%, 03/15/2031		57,000		47,826
3.80%, 02/15/2028		685,000		646,329
Hyatt Hotels Corp.
1.80%, 10/01/2024		417,000		395,202
Warnermedia Holdings, Inc.
5.05%, 03/15/2042 (E)		1,176,000		999,446
				2,088,803
Industrial Conglomerates - 0.1%
General Electric Co.
4.13%, 10/09/2042		494,000		420,336
4.50%, 03/11/2044		826,000		758,438
				1,178,774
Insurance - 0.5%
Aon Corp. / Aon Global Holdings PLC
5.00%, 09/12/2032		1,133,000		1,154,369
Global Atlantic Finance Co.
3.13%, 06/15/2031 (E)		1,549,000		1,191,353
Muenchener Rueckversicherungs-Gesellschaft AG
Fixed until 11/23/2031, 5.88% (D), 05/23/2042 (E)		600,000		612,750
Ohio National Financial Services, Inc.
5.80%, 01/24/2030 (E)		1,642,000		1,559,160
6.63%, 05/01/2031 (E)		456,000		443,885
Prudential Financial, Inc.
Fixed until 07/01/2030, 3.70% (D), 10/01/2050		977,000		841,168
				5,802,685
Interactive Media & Services - 0.2%
Baidu, Inc.
4.38%, 05/14/2024		1,990,000		1,967,837
Tencent Holdings Ltd.
3.28%, 04/11/2024 (E)		742,000		730,599
				2,698,436
IT Services - 0.0% (C)
Rackspace Technology Global, Inc.
3.50%, 02/15/2028 (E)		763,000		462,302
Machinery - 0.1%
CNH Industrial Capital LLC
5.45%, 10/14/2025		1,009,000		1,024,973
Media - 0.2%
Charter Communications Operating LLC / Charter Communications Operating Capital
4.80%, 03/01/2050		562,000		441,351
Clear Channel Outdoor Holdings, Inc.
5.13%, 08/15/2027 (E)		827,000		755,092
Comcast Corp.
2.94%, 11/01/2056		372,000		251,899

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Media (continued)
NBCUniversal Media LLC
4.45%, 01/15/2043		$   456,000		$   425,179
Paramount Global
4.20%, 05/19/2032		588,000		505,450
				2,378,971
Metals & Mining - 0.4%
Anglo American Capital PLC
4.50%, 03/15/2028 (E)		1,293,000		1,260,272
ArcelorMittal SA
6.55%, 11/29/2027		1,054,000		1,099,312
Freeport-McMoRan, Inc.
3.88%, 03/15/2023		1,088,000		1,084,301
4.55%, 11/14/2024		481,000		475,306
Glencore Funding LLC
2.63%, 09/23/2031 (E)		837,000		696,675
				4,615,866
Multi-Utilities - 0.1%
Black Hills Corp.
4.25%, 11/30/2023		587,000		583,321
CMS Energy Corp.
3.88%, 03/01/2024		65,000		63,950
4.88%, 03/01/2044		141,000		133,913
				781,184
Oil, Gas & Consumable Fuels - 1.1%
Boardwalk Pipelines LP
3.40%, 02/15/2031		390,000		347,465
Chevron USA, Inc.
3.25%, 10/15/2029		654,000		615,759
Energy Transfer LP
4.90%, 02/01/2024		356,000		354,596
5.15%, 02/01/2043		559,000		498,731
5.55%, 02/15/2028		445,000		452,222
5.95%, 10/01/2043		499,000		492,444
7.60%, 02/01/2024		397,000		403,967
Enterprise Products Operating LLC
4.25%, 02/15/2048		1,656,000		1,421,016
Kinder Morgan Energy Partners LP
4.15%, 02/01/2024		772,000		765,062
Occidental Petroleum Corp.
5.55%, 03/15/2026		1,184,000		1,195,840
ONEOK, Inc.
6.10%, 11/15/2032		1,043,000		1,094,091
Petroleos Mexicanos
6.50%, 01/23/2029		385,000		344,893
6.84%, 01/23/2030		892,000		773,867
6.88%, 08/04/2026		340,000		332,549
7.69%, 01/23/2050		95,000		70,834
Pioneer Natural Resources Co.
2.15%, 01/15/2031		871,000		718,973
Plains All American Pipeline LP / PAA Finance Corp.
3.55%, 12/15/2029		637,000		570,366
Sabine Pass Liquefaction LLC
4.20%, 03/15/2028		573,000		552,691
Shell International Finance BV
2.50%, 09/12/2026		714,000		671,661
3.75%, 09/12/2046		351,000		298,010
Williams Cos., Inc.
5.40%, 03/04/2044		97,000		94,398
				12,069,435

Transamerica Funds Page    7

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Personal Products - 0.0% (C)
GSK Consumer Healthcare Capital US LLC
3.38%, 03/24/2027		$   448,000		$   423,389
Pharmaceuticals - 0.2%
Astrazeneca Finance LLC
1.20%, 05/28/2026		388,000		350,020
AstraZeneca PLC
4.38%, 08/17/2048		626,000		597,071
Bayer US Finance II LLC
4.38%, 12/15/2028 (E)		716,000		694,009
Royalty Pharma PLC
2.20%, 09/02/2030		683,000		555,349
Viatris, Inc.
2.30%, 06/22/2027		425,000		374,230
				2,570,679
Professional Services - 0.2%
Equifax, Inc.
2.60%, 12/01/2024		879,000		842,650
5.10%, 12/15/2027		840,000		851,321
				1,693,971
Road & Rail - 0.3%
Avolon Holdings Funding Ltd.
2.88%, 02/15/2025 (E)		969,000		908,444
5.50%, 01/15/2026 (E)		1,240,000		1,217,571
Norfolk Southern Corp.
4.55%, 06/01/2053		1,258,000		1,166,259
				3,292,274
Semiconductors & Semiconductor Equipment - 0.6%
Advanced Micro Devices, Inc.
3.92%, 06/01/2032		1,238,000		1,180,452
Broadcom, Inc.
1.95%, 02/15/2028 (E)		464,000		402,058
3.50%, 02/15/2041 (E)		610,000		464,670
KLA Corp.
3.30%, 03/01/2050		730,000		562,567
Microchip Technology, Inc.
0.98%, 09/01/2024		684,000		640,258
NXP BV / NXP Funding LLC / NXP USA, Inc.
3.25%, 11/30/2051		401,000		271,968
3.40%, 05/01/2030		656,000		586,225
QUALCOMM, Inc.
3.25%, 05/20/2027 - 05/20/2050		1,259,000		1,122,458
Skyworks Solutions, Inc.
1.80%, 06/01/2026		379,000		338,387
TSMC Global Ltd.
1.38%, 09/28/2030 (E)		1,611,000		1,288,846
				6,857,889
Software - 0.4%
Crowdstrike Holdings, Inc.
3.00%, 02/15/2029		140,000		120,151
Infor, Inc.
1.75%, 07/15/2025 (E)		945,000		859,822
Oracle Corp.
3.65%, 03/25/2041		601,000		473,929
6.90%, 11/09/2052		951,000		1,092,950
Take-Two Interactive Software, Inc.
3.55%, 04/14/2025		1,217,000		1,178,289
Workday, Inc.
3.50%, 04/01/2027		944,000		902,080
				4,627,221

	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Specialty Retail - 0.1%
Lowe’s Cos., Inc.
3.75%, 04/01/2032		$   836,000		$   773,318
Technology Hardware, Storage & Peripherals - 0.1%
Apple, Inc.
2.65%, 05/11/2050		637,000		448,598
Western Digital Corp.
2.85%, 02/01/2029		259,000		211,106
				659,704
Tobacco - 0.2%
BAT Capital Corp.
2.26%, 03/25/2028		971,000		833,377
Philip Morris International, Inc.
5.63%, 11/17/2029		807,000		840,995
				1,674,372
Wireless Telecommunication Services - 0.2%
America Movil SAB de CV
4.38%, 07/16/2042		300,000		272,682
Sprint LLC
7.88%, 09/15/2023		640,000		649,547
T-Mobile USA, Inc.
3.50%, 04/15/2031		830,000		742,701
3.88%, 04/15/2030		684,000		638,813
				2,303,743
Total Corporate Debt Securities (Cost $167,381,178)				152,845,520
FOREIGN GOVERNMENT OBLIGATIONS - 0.4%
Brazil - 0.1%
Brazil Government International Bonds
4.25%, 01/07/2025		330,000		325,613
Chile - 0.0% (C)
Chile Government International Bonds
3.50%, 01/25/2050 (A)		400,000		300,686
Colombia - 0.1%
Colombia Government International Bonds
4.00%, 02/26/2024 (A)		235,000		231,379
4.50%, 01/28/2026		850,000		811,363
				1,042,742
Indonesia - 0.1%
Indonesia Government International Bonds
4.75%, 01/08/2026 (E)		1,035,000		1,041,224
5.38%, 10/17/2023 (E)		115,000		115,207
				1,156,431
Mexico - 0.1%
Mexico Government International Bonds
3.75%, 01/11/2028		1,126,000		1,077,928
Panama - 0.0% (C)
Panama Government International Bonds
3.88%, 03/17/2028		315,000		300,374
Peru - 0.0% (C)
Peru Government International Bonds
7.35%, 07/21/2025		125,000		131,537

Transamerica Funds Page    8

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Poland - 0.0% (C)
Republic of Poland Government International Bonds
3.00%, 03/17/2023		$   275,000		$   274,172
Qatar - 0.0% (C)
Qatar Government International Bonds
3.88%, 04/23/2023 (E)		200,000		199,290
Total Foreign Government Obligations (Cost $5,126,056)				4,808,773
MORTGAGE-BACKED SECURITIES - 2.3%
BB-UBS Trust
Series 2012-TFT, Class A,
2.89%, 06/05/2030 (E)		441,737		431,947
BB-UBS Trust, Interest Only STRIPS
Series 2012-SHOW, Class XA,
0.60% (D), 11/05/2036 (E)		3,045,000		29,122
CIM Trust
Series 2021-R6, Class A1,
1.43% (D), 07/25/2061 (E)		1,808,998		1,615,282
Citigroup Commercial Mortgage Trust
Series 2014-GC19, Class A3,
3.75%, 03/11/2047		68,151		67,150
Series 2014-GC19, Class A4,
4.02%, 03/11/2047		220,000		216,267
Series 2015-GC27, Class B,
3.77%, 02/10/2048		1,250,000		1,153,665
Citigroup Mortgage Loan Trust, Inc.
Series 2018-RP1, Class A1,
3.00% (D), 09/25/2064 (E)		193,514		184,564
COMM Mortgage Trust
Series 2013-CR11, Class AM,
4.72% (D), 08/10/2050		1,310,000		1,292,434
Series 2014-UBS2, Class A5,
3.96%, 03/10/2047		2,415,000		2,372,932
Series 2015-3BP, Class A,
3.18%, 02/10/2035 (E)		3,050,000		2,857,439
CSMC Trust
Series 2021-RPL2, Class A1A,
1.11% (D), 01/25/2060 (E)		1,514,714		1,267,632
Series 2021-RPL6, Class A1,
2.00% (D), 10/25/2060 (E)		1,231,469		1,098,504
Fontainebleau Miami Beach Trust
Series 2019-FBLU, Class B,
3.45%, 12/10/2036 (E)		1,250,000		1,178,276
Houston Galleria Mall Trust
Series 2015-HGLR, Class A1A2,
3.09%, 03/05/2037 (E)		700,000		651,812
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2013-C13, Class B,
4.12% (D), 01/15/2046		950,000		936,238
MetLife Securitization Trust
Series 2019-1A, Class A1A,
3.75% (D), 04/25/2058 (E)		69,842		67,992
Nationstar Mortgage Loan Trust
Series 2013-A, Class A,
3.75% (D), 12/25/2052 (E)		84,067		77,910
New Residential Mortgage Loan Trust
Series 2014-1A, Class A,
3.75% (D), 01/25/2054 (E)		42,310		40,042
Series 2014-2A, Class A3,
3.16% (D), 05/25/2054 (E)		102,816		94,786
Series 2014-3A, Class AFX3,
3.75% (D), 11/25/2054 (E)		81,552		75,926

	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
New Residential Mortgage Loan Trust (continued)
Series 2015-2A, Class A1,
3.75% (D), 08/25/2055 (E)		$   179,803		$   168,714
Series 2016-2A, Class A1,
3.75% (D), 11/26/2035 (E)		120,466		112,432
Series 2016-3A, Class A1B,
3.25% (D), 09/25/2056 (E)		127,755		117,998
Series 2016-4A, Class A1,
3.75% (D), 11/25/2056 (E)		162,645		150,511
Series 2017-1A, Class A1,
4.00% (D), 02/25/2057 (E)		369,063		350,251
Series 2017-2A, Class A3,
4.00% (D), 03/25/2057 (E)		823,599		778,607
Series 2017-3A, Class A1,
4.00% (D), 04/25/2057 (E)		517,196		492,727
Series 2017-4A, Class A1,
4.00% (D), 05/25/2057 (E)		378,812		355,273
Series 2018-1A, Class A1A,
4.00% (D), 12/25/2057 (E)		189,524		180,910
Series 2018-RPL1, Class A1,
3.50% (D), 12/25/2057 (E)		268,497		256,338
Series 2019-4A, Class A1B,
3.50% (D), 12/25/2058 (E)		967,533		900,764
Series 2019-5A, Class A1B,
3.50% (D), 08/25/2059 (E)		878,870		826,077
One Market Plaza Trust
Series 2017-1MKT, Class A,
3.61%, 02/10/2032 (E)		1,373,000		1,290,297
Towd Point Mortgage Trust
Series 2021-1, Class A1,
2.25% (D), 11/25/2061 (E)		2,146,476		1,950,131
Series 2023-1, Class A1,
3.75%, 01/25/2063 (E)		1,475,000		1,406,117
UBS-BAMLL Trust
Series 2012-WRM, Class A,
3.66%, 06/10/2030 (E)		17,746		17,518
Total Mortgage-Backed Securities (Cost $27,464,494)				25,064,585
U.S. GOVERNMENT AGENCY OBLIGATIONS - 9.4%
Federal Home Loan Mortgage Corp.
5.00%, 08/01/2035		105,068		107,952
5.50%, 06/01/2041		44,918		47,181
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
1.38%, 06/25/2030		2,547,000		2,114,503
2.81%, 01/25/2025		1,758,546		1,701,417
2.89%, 06/25/2027		316,000		310,587
3.01%, 07/25/2025		2,408,000		2,330,406
3.06% (D), 08/25/2024		1,771,331		1,728,344
3.49%, 01/25/2024		1,298,000		1,280,415
3.53% (D), 07/25/2023		993,188		985,174
Federal National Mortgage Association
12-Month LIBOR + 1.52%, 2.86% (D), 02/01/2043		16,382		16,109
3.33% (D), 10/25/2023		65,024		63,874
3.50%, 07/01/2028 - 11/01/2028		115,431		113,617
4.00%, 04/01/2026 - 06/01/2042		34,058		33,623
4.50%, 02/01/2025 - 06/01/2026		28,025		28,301
5.00%, 04/01/2039 - 11/01/2039		549,897		559,045
5.50%, 10/01/2036 - 12/01/2041		404,245		423,763
6.00%, 08/01/2036 - 06/01/2041		565,623		596,252
6.50%, 05/01/2040		50,341		53,374

Transamerica Funds Page    9

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Government National Mortgage Association, Interest Only STRIPS
Series 2012-120, Class IO,
0.64% (D), 02/16/2053		$   227,295		$   3,642
Tennessee Valley Authority
5.88%, 04/01/2036		774,000		892,704
Uniform Mortgage-Backed Security
2.00%, TBA (G)		14,783,000		12,881,025
2.50%, TBA (G)		26,320,000		23,239,371
3.00%, TBA (G)		19,095,000		17,441,287
3.50%, TBA (G)		19,429,000		18,299,233
4.00%, TBA (G)		12,537,000		12,090,859
4.50%, TBA (G)		6,466,000		6,379,371
Total U.S. Government Agency Obligations (Cost $104,583,819)				103,721,429
U.S. GOVERNMENT OBLIGATIONS - 9.9%
U.S. Treasury - 9.2%
U.S. Treasury Bonds
1.25%, 05/15/2050		2,253,000		1,311,932
1.88%, 02/15/2051 - 11/15/2051		6,386,000		4,355,116
2.00%, 02/15/2050		1,799,000		1,274,339
2.25%, 08/15/2046 - 02/15/2052		5,391,000		4,043,343
2.38%, 02/15/2042 - 05/15/2051		4,697,000		3,742,992
2.50%, 02/15/2045 - 05/15/2046		7,240,000		5,792,075
2.75%, 08/15/2042 - 11/15/2047		3,376,900		2,835,224
2.88%, 08/15/2045 - 05/15/2049		2,261,600		1,936,473
3.00%, 05/15/2042 - 08/15/2052		3,912,300		3,431,525
3.13%, 02/15/2042 - 05/15/2048		6,049,600		5,506,935
3.63%, 02/15/2044		1,985,000		1,928,707
4.00%, 11/15/2052		1,001,000		1,062,155
5.25%, 02/15/2029		1,098,000		1,190,772
U.S. Treasury Notes
0.13%, 05/31/2023 (A)		440,000		433,469
0.25%, 08/31/2025 (A)		1,084,000		985,085
0.63%, 05/15/2030 - 08/15/2030		8,926,000		7,266,842
0.88%, 06/30/2026		848,200		768,714
1.13%, 02/15/2031		4,704,000		3,950,441
1.38%, 11/15/2031		3,962,000		3,331,330
1.50%, 08/15/2026 - 02/15/2030		4,601,100		4,116,276
1.63%, 02/15/2026 - 05/15/2031		14,376,600		12,775,452
1.75%, 05/15/2023 (A)		500,000		495,859
1.88%, 02/15/2032		2,441,800		2,136,766
2.25%, 11/15/2025 (A)		856,100		818,010
2.25%, 11/15/2027		2,238,500		2,099,818
2.50%, 08/15/2023 - 05/31/2024		8,067,000		7,951,850
2.63%, 02/15/2029		653,500		617,711
2.75%, 05/15/2025 - 08/15/2032		4,477,000		4,216,605
2.88%, 05/15/2028 - 05/15/2032		3,080,600		2,943,600
2.88%, 08/15/2028 (A)		1,510,400		1,451,282
3.13%, 11/15/2028		1,189,500		1,157,160
3.88%, 11/30/2027		1,051,400		1,061,750
4.13%, 09/30/2027 - 11/15/2032		4,443,200		4,644,458
				101,634,066
U.S. Treasury Inflation-Protected Securities - 0.7%
U.S. Treasury Inflation-Protected Indexed Bonds
0.25%, 02/15/2050		1,842,410		1,326,517
1.75%, 01/15/2028		1,065,848		1,082,272

	Principal		Value
U.S. GOVERNMENT OBLIGATIONS (continued)
U.S. Treasury Inflation-Protected Securities (continued)
U.S. Treasury Inflation-Protected Indexed Bonds (continued)
2.50%, 01/15/2029		$   3,627,000		$   3,852,448
U.S. Treasury Inflation-Protected Indexed Notes
0.13%, 07/15/2030		2,450,132		2,248,140
				8,509,377
Total U.S. Government Obligations (Cost $123,219,835)				110,143,443
COMMERCIAL PAPER - 7.5%
Banks - 2.8%
Australia & New Zealand Banking Group Ltd.
5.16% (H), 07/10/2023		3,250,000		3,182,530
Bedford Row Funding Corp.
4.65% (H), 02/07/2023		4,000,000		3,996,531
BofA Securities, Inc.
5.21% (H), 07/13/2023		4,510,000		4,409,410
Cooperatieve Rabobank UA
5.21% (H), 07/05/2023		1,000,000		979,342
DBS Bank Ltd.
5.08% (H), 07/27/2023		4,800,000		4,682,897
Korea Development Bank
5.35% (H), 06/14/2023		3,035,000		2,980,865
Lloyds Bank PLC
5.09% (H), 07/18/2023		4,200,000		4,104,371
Mackinac Funding Co. LLC
4.81% (H), 03/01/2023		4,500,000		4,483,343
Svenska Handelsbanken AB
5.06% (H), 07/24/2023		3,000,000		2,929,849
				31,749,138
Diversified Financial Services - 4.0%
Atlantic Asset Securitization LLC
4.74% (H), 02/15/2023		2,500,000		2,495,311
Chariot Funding LLC
5.15% (H), 07/06/2023 - 07/13/2023		4,675,000		4,571,269
Collateralized Commercial Paper V Co. LLC
4.72% (H), 02/01/2023		4,750,000		4,749,432
Glencove Funding LLC
4.77% (H), 02/17/2023		4,500,000		4,490,418
Gotham Funding Corp.
4.83% (H), 02/14/2023		3,000,000		2,994,758
Lexington Parker Capital Co. LLC
4.77% (H), 03/03/2023		4,500,000		4,482,322
Liberty Street Funding LLC
4.83% (H), 02/07/2023		2,100,000		2,098,175
Mont Blanc Capital Corp.
4.61% (H), 02/07/2023		3,600,000		3,596,871
Sheffield Receivables Co. LLC
4.83% (H), 03/06/2023		4,750,000		4,729,270
Thunder Bay Funding LLC
5.03% (H), 05/12/2023 - 05/18/2023		4,844,000		4,778,488
Victory Receivables Corp.
4.83% (H), 02/09/2023		5,000,000		4,994,403
				43,980,717
Food Products - 0.2%
Britannia Funding Co. LLC
4.79% (H), 02/07/2023		2,510,000		2,507,814
Health Care Providers & Services - 0.3%
Columbia Funding Co. LLC
4.72% (H), 03/01/2023		3,310,000		3,297,852

Transamerica Funds Page    10

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
COMMERCIAL PAPER (continued)
Software - 0.2%
Manhattan Asset Funding Co. LLC
5.20% (H), 07/10/2023		$   2,100,000		$   2,053,921
Total Commercial Paper (Cost $83,585,374)				83,589,442
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 0.5%
U.S. Treasury Bills
4.28% (H), 03/09/2023		4,108,000		4,089,662
4.66% (H), 06/08/2023		1,761,000		1,732,639
Total Short-Term U.S. Government Obligations (Cost $5,823,916)				5,822,301
	Shares		Value
OTHER INVESTMENT COMPANY - 0.1%
Securities Lending Collateral - 0.1%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 4.30% (H)		1,206,406		1,206,406
Total Other Investment Company (Cost $1,206,406)				1,206,406

	Principal		Value
REPURCHASE AGREEMENT - 1.2%
Fixed Income Clearing Corp., 1.80% (H), dated 01/31/2023, to be repurchased at $13,695,265 on 02/01/2023. Collateralized by U.S. Government Obligations, 0.13% - 1.75%, due 07/15/2024 - 07/31/2024, and with a total value of $13,968,232.		$  13,694,276		$   13,694,276
Total Repurchase Agreement (Cost $13,694,276)				13,694,276
Total Investments (Cost $953,553,725)				1,195,635,445
Net Other Assets (Liabilities) - (7.9)%				(87,832,376	)
Net Assets - 100.0%				$  1,107,803,069

FUTURES CONTRACTS:

Long Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount			Value			Unrealized Appreciation			Unrealized Depreciation
S&P 500® E-Mini Index		39		03/17/2023		$	7,839,346		$	7,975,500		$	136,154		$	—

INVESTMENT VALUATION:

Valuation Inputs ^(I)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	669,880,076	$	—	$	—	$	669,880,076
Preferred Stocks		882,711		—		—		882,711
Asset-Backed Securities		—		23,976,483		—		23,976,483
Corporate Debt Securities		—		152,845,520		—		152,845,520
Foreign Government Obligations		—		4,808,773		—		4,808,773
Mortgage-Backed Securities		—		25,064,585		—		25,064,585
U.S. Government Agency Obligations		—		103,721,429		—		103,721,429
U.S. Government Obligations		—		110,143,443		—		110,143,443
Commercial Paper		—		83,589,442		—		83,589,442
Short-Term U.S. Government Obligations		—		5,822,301		—		5,822,301
Other Investment Company		1,206,406		—		—		1,206,406
Repurchase Agreement		—		13,694,276		—		13,694,276
Total Investments	$	671,969,193	$	523,666,252	$	—	$	1,195,635,445
Other Financial Instruments
Futures Contracts (J)	$	136,154	$	—	$	—	$	136,154
Total Other Financial Instruments	$	136,154	$	—	$	—	$	136,154

Transamerica Funds Page    11

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $16,483,747, collateralized by cash collateral of $1,206,406 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $15,624,109. 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.
(B)	Non-income producing securities.
(C)	Percentage rounds to less than 0.1% or (0.1)%.
(D)	Floating or variable rate securities. The rates disclosed are as of January 31, 2023. 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.
(E)	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 January 31, 2023, the total value of 144A securities is $84,468,784, representing 7.6% of the Fund’s net assets.
(F)	Perpetual maturity. The date displayed is the next call date.
(G)	When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after January 31, 2023. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(H)	Rates disclosed reflect the yields at January 31, 2023.
(I)	There were no transfers in or out of Level 3 during the period ended January 31, 2023. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.
(J)	Derivative instruments are valued at unrealized appreciation (depreciation).

PORTFOLIO ABBREVIATIONS:

LIBOR	London Interbank Offered Rate
STRIPS	Separate Trading of Registered Interest and Principal of Securities
TBA	To Be Announced

Transamerica Funds Page    12

Transamerica Multi-Managed Balanced

NOTES TO SCHEDULE OF INVESTMENTS

At January 31, 2023

(unaudited)

INVESTMENT VALUATION

Transamerica Multi-Managed Balanced (the “Fund”) is a series of the Transamerica Funds.

Effective September 8, 2022, TAM has been designated as the Fund’s valuation designee pursuant to Rule 2a-5 under the 1940 Act with responsibility for fair valuation subject to oversight by the Fund’s Board of Trustees. The net asset value of the Fund 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 Fund’s 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 January 31, 2023, 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.

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.

Transamerica Funds Page    13

Transamerica Multi-Managed Balanced

NOTES TO SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

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.

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.

Commercial paper: Commercial paper is valued using amortized cost, which approximates fair value. The values are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

Short-term notes: The Fund normally values short-term government and U.S. government agency securities 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. Short-term government and U.S. government agency securities 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.

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.

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