Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS - 95.7%
Alabama - 2.7%
Alabama State University, Revenue Bonds,
BAM,
5.00%, 09/01/2038 - 09/01/2039		$  5,545,000		$  6,150,767
County of Jefferson Sewer Revenue, Revenue Bonds,
Series A, AGM,
5.50%, 10/01/2053		1,380,000		1,422,269
Muscle Shoals Sheffield & Tuscumbia Solid Waste Disposal Authority, Revenue Bonds,
Series A,
6.00%, 05/01/2040 (A)		2,850,000		2,813,553
Southeast Energy Authority Cooperative District, Revenue Bonds,
Series B,
Fixed until 12/01/2031, 4.00% (B), 12/01/2051		26,675,000		26,588,714
				36,975,303
Alaska - 0.0% (C)
State of Alaska International Airports System, Revenue Bonds,
Series A,
5.00%, 10/01/2031		65,000		69,458
Arizona - 1.8%
Arizona Industrial Development Authority, Revenue Bonds,
Series A,
4.00%, 10/01/2049		825,000		744,280
5.00%, 03/01/2037		45,000		47,660
Series A, BAM,
5.00%, 06/01/2049 - 06/01/2058		17,120,000		18,361,053
Series B,
4.00%, 07/01/2041 - 07/01/2051		1,525,000		1,313,942
County of Pima, Certificate of Participation,
5.00%, 12/01/2026		35,000		35,715
County of Pinal, Revenue Bonds,
4.00%, 08/01/2036		520,000		540,993
Industrial Development Authority of the City of Phoenix, Revenue Bonds,
5.00%, 07/01/2036		1,265,000		1,291,427
Industrial Development Authority of the County of Pima, Revenue Bonds,
4.00%, 04/01/2036		240,000		244,033
La Paz County Industrial Development Authority, Revenue Bonds,
4.90%, 06/15/2028 (A)		405,000		397,120
Maricopa County Industrial Development Authority, Revenue Bonds,
4.00%, 07/01/2054		1,560,000		1,444,436
Tempe Industrial Development Authority, Revenue Bonds,
Class A,
4.00%, 12/01/2023 - 12/01/2026		425,000		418,435
				24,839,094

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Arkansas - 0.6%
Little Rock School District, General Obligation Limited,
3.00%, 02/01/2026 - 02/01/2028		$   7,515,000		$   7,517,682
California - 10.5%
Adelanto Elementary School District Community Facilities District No. 1, Special Tax,
BAM,
5.00%, 09/01/2036 - 09/01/2039		2,925,000		3,279,066
Adelanto School District, Special Tax,
BAM,
4.00%, 09/01/2035 - 09/01/2036		205,000		215,066
Baldwin Park / Monrovia School Facilities Grant Financing Authority, Revenue Bonds,
AGM,
3.00%, 10/01/2033		60,000		60,038
Beaumont Public Improvement Authority, Revenue Bonds,
Series A, AGM,
5.00%, 09/01/2038 - 09/01/2049		7,190,000		7,691,262
California Housing Finance Agency, Revenue Bonds,
Series E, FNMA,
2.50%, 02/01/2038		73,429		65,867
California Municipal Finance Authority, Certificate of Participation,
Series A,
5.25%, 11/01/2052		8,145,000		8,828,742
California Municipal Finance Authority, Revenue Bonds,
4.00%, 10/01/2050		3,705,000		3,729,636
4.38%, 07/01/2025 (A)		395,000		400,052
5.00%, 01/01/2035 - 01/01/2049		12,385,000		13,559,668
BAM,
4.00%, 05/15/2036 - 05/15/2040		5,205,000		5,216,440
BAM-TCRS,
5.00%, 05/15/2039		1,610,000		1,720,788
Series A,
4.00%, 10/01/2034 - 10/01/2044		5,630,000		5,657,488
4.50%, 06/01/2028 (A)		200,000		199,333
5.00%, 10/01/2044 - 02/01/2047		6,835,000		7,111,246
California Public Finance Authority, Revenue Bonds,
Series A,
4.25%, 06/15/2029 (A)		690,000		668,615
California Statewide Communities Development Authority, Revenue Bonds,
Series A,
5.00%, 12/01/2025 (A)		225,000		232,153
5.38%, 08/15/2057		6,040,000		6,543,793
California Statewide Communities Development Authority, Special Assessment,
4.00%, 09/02/2028		2,040,000		2,090,521
5.00%, 09/02/2034		870,000		947,491
Cascade Union Elementary School District, General Obligation Unlimited,
Series B, AGM,
4.00%, 08/01/2036		80,000		82,853
Series B, AGM,
4.00%, 08/01/2034 - 08/01/2037		155,000		161,034
Chowchilla Elementary School District, General Obligation Unlimited,
5.00%, 08/01/2048		650,000		689,129

Transamerica Funds Page    1

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
City of Azusa, Special Tax,
AGM,
5.00%, 09/01/2049		$   1,305,000		$   1,413,514
City of Lemoore Water Revenue, Revenue Bonds,
BAM,
5.00%, 06/01/2049		5,400,000		5,852,478
City of Los Angeles Department of Airports, Revenue Bonds,
Series C,
5.00%, 05/15/2038		320,000		334,773
City of Porterville Sewer Revenue, Certificate of Participation,
Series C, AGM,
4.00%, 09/15/2049		1,635,000		1,625,920
City of Sacramento, Special Tax,
Series 02,
5.00%, 09/01/2049		1,125,000		1,161,008
Coachella Redevelopment Agency Successor Agency, Tax Allocation,
Series A, AGM,
5.00%, 09/01/2030		275,000		299,960
Colton Joint Unified School District, General Obligation Unlimited,
BAM,
4.00%, 02/01/2033		55,000		57,358
Compton Unified School District, General Obligation Unlimited,
Series B, BAM,
Zero Coupon, 06/01/2034		355,000		231,701
Series B, BAM,
4.00%, 06/01/2049		3,805,000		3,756,527
County of El Dorado, Special Tax,
5.00%, 09/01/2029		1,110,000		1,204,012
BAM,
3.00%, 09/01/2025 - 09/01/2026		260,000		264,792
Coyote Canyon Public Facilities Community Facilities District No. 2004-1, Special Tax,
Series A, AGM,
4.00%, 09/01/2029		60,000		62,307
Department of Veterans Affairs Veteran’s Farm & Home Purchase Program, Revenue Bonds,
Series B,
3.00%, 12/01/2031		140,000		139,115
3.25%, 12/01/2036		3,150,000		3,024,555
Desert Community College District, General Obligation Unlimited,
Series A,
4.00%, 08/01/2051		2,975,000		2,966,306
Etiwanda School District, Special Tax,
Series 2,
3.50%, 09/01/2023		75,000		74,998
Foothill-Eastern Transportation Corridor Agency, Revenue Bonds,
Series A, AGM,
5.00%, 01/15/2042		70,000		71,620
Fresno Unified School District, General Obligation Unlimited,
Series B,
4.00%, 08/01/2055		2,890,000		2,892,451
Golden State Tobacco Securitization Corp., Revenue Bonds,
Series B-2,
Zero Coupon, 06/01/2066		45,000,000		5,665,738

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
Inglewood Unified School District, General Obligation Unlimited,
Series A, AGM,
4.00%, 08/01/2051		$   3,000,000		$   2,991,233
Konocti Unified School District, General Obligation Unlimited,
AGM,
5.00%, 08/01/2042		630,000		671,231
Lee Lake Water District Financing Corp., Special Tax,
4.00%, 09/01/2025		390,000		397,333
Lynwood Unified School District, General Obligation Unlimited,
Series B, BAM,
4.00%, 08/01/2045 - 08/01/2049		4,250,000		4,259,514
Madera County Public Financing Authority, Revenue Bonds,
BAM,
4.00%, 10/01/2050		7,970,000		8,015,867
Menifee Union School District Public Financing Authority, Special Tax,
Series A,
5.00%, 09/01/2023		225,000		227,277
Series A, BAM,
5.00%, 09/01/2030 - 09/01/2032		615,000		654,299
Mountain House Public Financing Authority, Revenue Bonds,
4.00%, 10/01/2046 - 10/01/2051		4,350,000		4,343,457
Series A, BAM,
4.00%, 12/01/2036		210,000		219,155
Oxnard Financing Authority, Revenue Bonds,
Series A, BAM,
4.00%, 06/01/2055		2,325,000		2,309,530
Palomar Health, Certificate of Participation,
AGM-CR,
4.00%, 11/01/2047		375,000		378,116
Parlier Unified School District, General Obligation Unlimited,
Series B, AGM,
4.00%, 08/01/2048		1,010,000		1,012,013
Rio Elementary School District Community Facilities District, Special Tax,
BAM,
5.00%, 09/01/2029 - 09/01/2032		855,000		932,671
River Islands Public Financing Authority, Revenue Bonds,
AGM,
4.00%, 09/01/2050		1,400,000		1,392,941
River Islands Public Financing Authority, Special Tax,
Series A-1, AGM,
5.25%, 09/01/2052		1,215,000		1,338,283
Salinas Union High School District, General Obligation Unlimited,
Series B,
4.00%, 08/01/2049		3,485,000		3,488,577
San Bernardino County Redevelopment Successor Agency, Tax Allocation,
Series B, AGM,
5.00%, 09/01/2026		150,000		159,653
San Diego Public Facilities Financing Authority, Revenue Bonds,
Series A,
5.00%, 10/15/2044		365,000		382,442

Transamerica Funds Page    2

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
California (continued)
San Diego Unified School District, General Obligation Unlimited,
Series K-2,
Zero Coupon, 07/01/2030		$   50,000		$   40,167
Series L,
4.00%, 07/01/2049		2,000,000		2,002,133
Sanger Unified School District, Certificate of Participation,
AGM,
5.00%, 06/01/2052		2,500,000		2,508,723
Sanger Unified School District, General Obligation Unlimited,
Series A, BAM,
4.00%, 08/01/2055		1,245,000		1,238,984
Stockton Public Financing Authority, Special Tax,
Series A, BAM,
4.00%, 09/02/2030		685,000		721,929
Sunnyvale School District, General Obligation Unlimited,
Series A,
4.00%, 09/01/2050		2,720,000		2,742,165
Tulare Local Health Care District, General Obligation Unlimited,
BAM,
4.00%, 08/01/2039		1,125,000		1,144,013
Upland Community Facilities District, Special Tax,
Series A,
4.00%, 09/01/2049		75,000		68,856
West Kern Community College District, Certificate of Participation,
AGM,
4.00%, 11/01/2040		90,000		91,047
				143,981,023
Colorado - 2.5%
Auraria Higher Education Center, Revenue Bonds,
AGM,
4.00%, 04/01/2029		3,500,000		3,599,329
BNC Metropolitan District No. 1, General Obligation Limited,
Series A, BAM,
5.00%, 12/01/2032		360,000		397,861
Bradburn Metropolitan District No. 2, General Obligation Limited,
Series A,
4.00%, 12/01/2028 (D)		294,000		282,435
Brighton Crossing Metropolitan District No. 6, General Obligation Limited,
Series A,
5.00%, 12/01/2050		2,005,000		1,744,754
Bromley Park Metropolitan District No. 2, General Obligation Limited,
Series A, BAM,
5.00%, 12/01/2031		285,000		321,248
Castle Oaks Metropolitan District No. 3, General Obligation Limited,
AGM,
4.00%, 12/01/2040 - 12/01/2045		970,000		973,993
Colorado Educational & Cultural Facilities Authority, Revenue Bonds,
5.00%, 06/15/2029 - 08/01/2031		1,490,000		1,586,464
Series A,
5.00%, 06/01/2036		200,000		208,683

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Colorado (continued)
Colorado Health Facilities Authority, Revenue Bonds,
Series A,
5.00%, 12/01/2033		$   100,000		$   100,864
Series B,
4.00%, 01/01/2040		3,295,000		3,349,333
Erie Commons Metropolitan District No. 2, General Obligation Limited,
Series A, AGM,
4.00%, 12/01/2039		1,260,000		1,276,752
Heather Gardens Metropolitan District, General Obligation Unlimited,
AGM,
4.00%, 12/01/2027 - 12/01/2030		455,000		488,346
Highpointe Vista Metropolitan District No. 2, General Obligation Limited,
BAM,
4.00%, 12/01/2046		525,000		547,680
Northglenn Urban Renewal Authority, Tax Allocation,
4.00%, 12/01/2026 - 12/01/2038		1,620,000		1,602,200
Park Creek Metropolitan District, Revenue Bonds,
Series A,
5.00%, 12/01/2032 - 12/01/2037		1,205,000		1,263,386
Series A, AGM,
4.00%, 12/01/2046		6,185,000		6,038,180
Series A, NATL-IBC,
5.00%, 12/01/2045		1,220,000		1,260,112
Rampart Range Metropolitan District No. 5, Revenue Bonds,
4.00%, 12/01/2051		4,000,000		2,849,630
Sand Creek Metropolitan District, General Obligation Limited,
AGM,
4.00%, 12/01/2032		475,000		512,403
Silver Peaks Metropolitan District No. 2, General Obligation Limited,
BAM,
5.00%, 12/01/2037 - 12/01/2042		1,520,000		1,630,559
South Sloan’s Lake Metropolitan District No. 2, General Obligation Limited,
AGM,
4.00%, 12/01/2044		385,000		378,101
Transport Metropolitan District No. 3, General Obligation Limited,
Series A-2,
Zero Coupon (E), 12/01/2051		1,000,000		755,877
Vauxmont Metropolitan District, General Obligation Limited,
AGM,
5.00%, 12/01/2050		1,735,000		1,812,584
Wyndham Hill Metropolitan District No. 2, General Obligation Limited,
Series A, BAM,
4.00%, 12/01/2034		540,000		579,124
				33,559,898
Connecticut - 2.1%
City of Hartford, General Obligation Unlimited,
Series A,
5.00%, 04/01/2030		20,000		20,044
Series A, AGM,
5.00%, 07/01/2032		135,000		143,010
Series A, BAM-TCRS,
5.00%, 04/01/2025		765,000		766,700

Transamerica Funds Page    3

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Connecticut (continued)
City of New Haven, General Obligation Unlimited,
Series A,
5.50%, 08/01/2035 - 08/01/2037		$   505,000		$   556,403
Series A, BAM-TCRS,
5.00%, 08/01/2037		335,000		360,292
Series B, BAM,
5.00%, 08/15/2025		40,000		42,392
Connecticut State Health & Educational Facilities Authority, Revenue Bonds,
5.00%, 12/01/2045		19,325,000		19,885,257
Series A, AGM-CR,
2.13%, 07/01/2031		7,790,000		7,170,453
State of Connecticut, General Obligation Unlimited,
Series B,
4.00%, 03/01/2029		25,000		25,030
				28,969,581
Delaware - 0.1%
Delaware Municipal Electric Corp., Revenue Bonds,
Series A, BAM,
5.00%, 10/01/2035 - 10/01/2038		1,400,000		1,591,647
District of Columbia - 0.4%
District of Columbia, Revenue Bonds,
5.00%, 07/01/2052		640,000		652,922
Series A,
4.13%, 07/01/2027		785,000		753,562
5.00%, 07/01/2032		1,500,000		1,440,065
District of Columbia Housing Finance Agency, Revenue Bonds,
Series A,
3.70%, 09/01/2033		1,245,000		1,265,745
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Revenue Bonds,
Series B, AGM-CR,
6.50% (E), 10/01/2044		1,150,000		1,365,396
				5,477,690
Florida - 2.3%
City of Cape Coral Water & Sewer Revenue, Special Assessment,
AGM,
2.75%, 09/01/2026		55,000		55,653
City of Fort Myers, Revenue Bonds,
4.00%, 12/01/2032 - 12/01/2033		310,000		323,518
City of Miami Parking System Revenue, Revenue Bonds,
BAM,
5.00%, 10/01/2029		350,000		404,489
City of Orlando Tourist Development Tax Revenue, Revenue Bonds,
Series A, AGM,
5.00%, 11/01/2027		220,000		244,099
Series B, AGM,
5.00%, 11/01/2033 - 11/01/2038		6,825,000		7,463,657
City of Tampa, Revenue Bonds,
Series B,
4.00%, 07/01/2045		940,000		910,350

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Florida (continued)
Florida Development Finance Corp., Revenue Bonds,
AGM,
4.00%, 02/01/2042 - 02/01/2046		$   4,630,000		$   4,503,280
Series A,
5.00%, 06/15/2035 - 06/15/2040		2,000,000		2,033,602
Florida Keys Aqueduct Authority, Revenue Bonds,
Series A,
5.00%, 09/01/2049		200,000		205,725
Florida State Board of Governors, Revenue Bonds,
Series A, AGM,
5.00%, 11/01/2028		390,000		441,260
Herons Glen Recreation District, Special Assessment,
BAM,
3.00%, 05/01/2034 - 05/01/2035		405,000		399,703
Hillsborough County Industrial Development Authority, Revenue Bonds,
4.00%, 08/01/2055		6,015,000		5,514,278
Lee County Industrial Development Authority, Revenue Bonds,
5.00%, 11/15/2039		1,000,000		1,011,395
Miami-Dade County Industrial Development Authority, Revenue Bonds,
Series A,
5.00%, 06/01/2047 (A)		1,875,000		1,621,475
North Sumter County Utility Dependent District, Revenue Bonds,
BAM,
5.00%, 10/01/2036 - 10/01/2037		500,000		563,011
Orange County Health Facilities Authority, Revenue Bonds,
Series A,
5.00%, 10/01/2034		4,040,000		4,311,740
St. Johns County Industrial Development Authority, Revenue Bonds,
4.00%, 12/15/2023 - 12/15/2024		255,000		252,214
State of Florida Department of Transportation Turnpike System Revenue, Revenue Bonds,
Series A,
3.35%, 07/01/2028		1,375,000		1,386,126
Village Community Development District No. 12, Special Assessment,
3.25%, 05/01/2023		95,000		94,828
Volusia County School Board, Certificate of Participation,
Series A, BAM,
5.00%, 08/01/2028		225,000		241,738
				31,982,141
Georgia - 3.8%
Bibb County Development Authority, Revenue Bonds,
5.25%, 06/01/2050		4,920,000		5,278,263
Cobb County Kennestone Hospital Authority Revenue, Revenue Bonds,
5.00%, 04/01/2050		5,685,000		5,996,588
Cornelia Urban Redevelopment Agency, Revenue Bonds,
AGM,
5.00%, 10/01/2054		1,140,000		1,245,810
Development Authority of Lagrange, Revenue Bonds,
4.50%, 10/15/2031		1,935,000		1,861,984

Transamerica Funds Page    4

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Georgia (continued)
Fulton County Development Authority Revenue, Revenue Bonds,
4.00%, 07/01/2049 - 04/01/2050		$   9,940,000		$   9,489,259
Georgia Housing & Finance Authority, Revenue Bonds,
Series A-1,
3.25%, 12/01/2037		1,320,000		1,247,420
Municipal Electric Authority of Georgia, Revenue Bonds,
AGM,
5.00%, 01/01/2062		25,535,000		26,424,499
				51,543,823
Idaho - 0.3%
County of Nez Perce, Revenue Bonds,
2.75%, 10/01/2024		4,300,000		4,249,565
Idaho Housing & Finance Association, Revenue Bonds,
Series A,
4.63%, 07/01/2029 (A)		170,000		173,632
				4,423,197
Illinois - 16.4%
Adams County School District No. 172, General Obligation Unlimited,
AGM,
3.00%, 02/01/2033		335,000		336,949
4.00%, 02/01/2034		450,000		462,766
5.00%, 02/01/2029		1,320,000		1,413,057
Berwyn Municipal Securitization Corp., Revenue Bonds,
Series A, AGM- CR,
5.00%, 01/01/2035		8,230,000		9,306,798
Carol Stream Park District, General Obligation Unlimited,
BAM,
5.00%, 01/01/2037		1,050,000		1,116,841
Channahon Park District, General Obligation Unlimited,
Series A, BAM,
4.00%, 12/15/2038		50,000		51,384
City of Chicago Wastewater Transmission Revenue, Revenue Bonds,
AGM-CR,
5.00%, 01/01/2024		100,000		100,233
Series A, AGM,
5.25%, 01/01/2042		540,000		561,351
City of Chicago Waterworks Revenue, Revenue Bonds,
5.00%, 11/01/2028		500,000		515,514
AGM-CR,
5.00%, 11/01/2027		165,000		165,721
City of Country Club Hills, General Obligation Unlimited,
BAM,
4.00%, 12/01/2028 - 12/01/2031		1,340,000		1,419,286
4.50%, 12/01/2030 - 12/01/2031		1,295,000		1,319,146
City of East Moline, General Obligation Unlimited,
Series A, AGM,
4.00%, 01/15/2036 - 01/15/2037		1,100,000		1,131,013
City of Monmouth, General Obligation Unlimited,
Series A, AGM,
Zero Coupon, 12/01/2044		100,000		35,054

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
City of Peoria, General Obligation Unlimited,
Series B, BAM-TCRS,
5.00%, 01/01/2026		$   140,000		$   149,155
City of Waukegan, General Obligation Unlimited,
Series A, AGM,
5.00%, 12/30/2035 - 12/30/2036		2,220,000		2,426,209
Series B, AGM,
5.00%, 12/30/2030 - 12/30/2032		1,620,000		1,775,492
Cook & Will Counties Community College District No. 515, General Obligation Limited,
5.00%, 12/01/2024		45,000		46,892
Cook & Will Counties School District No. 194, General Obligation Limited,
Series B, BAM,
5.00%, 12/01/2033		775,000		810,137
Cook & Will Counties School District No. 194, General Obligation Unlimited,
BAM,
4.13%, 12/01/2035		680,000		693,324
Cook County Community College District No. 508, General Obligation Unlimited,
5.00%, 12/01/2024		1,050,000		1,061,559
BAM-TCRS,
5.25%, 12/01/2027 - 12/01/2043		3,050,000		3,121,870
Cook County High School District No. 209 Proviso Township, General Obligation Limited,
Series B, AGM,
5.00%, 12/01/2032		1,500,000		1,718,074
Cook County School District No. 111, General Obligation Limited,
Series A, BAM,
5.00%, 12/01/2037		2,350,000		2,593,612
Cook County School District No. 111, General Obligation Unlimited,
AGM,
4.00%, 12/01/2034		1,000,000		1,034,061
Cook County School District No. 149, General Obligation Limited,
Series A-1, AGM,
4.00%, 12/01/2028		980,000		1,010,414
Cook County School District No. 160, General Obligation Unlimited,
Series A, BAM,
4.00%, 12/01/2026 - 12/01/2027		235,000		249,772
Cook County School District No. 94, General Obligation Unlimited,
BAM,
4.00%, 12/01/2037 - 12/01/2040		1,230,000		1,264,195
County of Logan, General Obligation Unlimited,
Series B, BAM,
3.25%, 11/01/2037		50,000		50,027
County of Sangamon, General Obligation Limited,
BAM,
4.00%, 12/15/2040		300,000		307,363
DeKalb & Kane Counties Community Unit School District No. 427, General Obligation Limited,
Series B, BAM,
4.00%, 02/01/2039 - 02/01/2040		805,000		831,023

Transamerica Funds Page    5

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Douglas & Champaign Counties Community Unit School District No. 302, General Obligation Unlimited,
Series B, AGM,
4.00%, 12/01/2034		$   385,000		$   400,986
Henry & Whiteside Counties Community Unit School District No. 228, General Obligation Unlimited,
Series A, AGM,
5.00%, 08/15/2028		150,000		159,733
Illinois Finance Authority, Revenue Bonds,
4.00%, 08/01/2032 - 10/15/2037		8,375,000		7,309,481
5.00%, 08/01/2026 - 04/01/2034		3,435,000		3,679,034
AGM,
4.00%, 12/01/2023		140,000		141,624
5.00%, 12/01/2036		1,850,000		1,966,040
Series A,
4.00%, 11/01/2023 - 05/01/2050		1,980,000		1,785,170
4.13%, 05/15/2047		5,335,000		5,127,971
5.00%, 11/01/2025 - 11/01/2029		4,760,000		4,959,347
Illinois Housing Development Authority, Revenue Bonds,
FNMA,
2.63%, 09/01/2032		1,407,770		1,351,365
Illinois Sports Facilities Authority, Revenue Bonds,
BAM-TCRS,
5.00%, 06/15/2029		1,610,000		1,747,032
Illinois State Toll Highway Authority, Revenue Bonds,
Series A,
5.00%, 01/01/2044		1,500,000		1,621,035
Kane Cook & DuPage Counties School District No. U-46, General Obligation Limited,
Series A,
5.00%, 01/01/2033		135,000		137,018
Knox & Warren Counties Community Unit School District No. 205, General Obligation Unlimited,
Series A, BAM,
4.00%, 12/01/2039		1,300,000		1,328,222
Series B,
3.50%, 01/01/2027		110,000		110,878
Series B, BAM,
4.00%, 01/01/2034 - 01/01/2036		1,785,000		1,864,396
Macon County School District No. 61, General Obligation Unlimited,
AGM,
5.00%, 12/01/2040		350,000		371,822
Series C, AGM,
4.00%, 01/01/2040 - 01/01/2045		4,205,000		4,200,485
Macoupin Sangamon & Montgomery Counties Community Unit School District, General Obligation Unlimited,
BAM,
4.50%, 12/01/2036 - 12/01/2041		1,625,000		1,642,292
Madison & Jersey Counties Unit School District No. 11, General Obligation Unlimited,
BAM,
5.00%, 12/01/2030		3,270,000		3,701,260
Series B, BAM,
3.50%, 03/01/2029		1,700,000		1,733,839

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Madison-Macoupin Etc. Counties Community College District No. 536, General Obligation Unlimited,
Series A, AGM,
5.00%, 11/01/2031 - 11/01/2032		$   2,830,000		$   3,074,557
Series A, BAM-TCRS,
5.00%, 11/01/2026		975,000		1,015,578
McHenry County Community Unit School District No. 12, General Obligation Unlimited,
BAM,
5.00%, 01/01/2035		2,625,000		2,738,652
McHenry County Conservation District, General Obligation Unlimited,
5.00%, 02/01/2026		110,000		115,619
McLean County Public Building Commission, Revenue Bonds,
4.00%, 12/01/2034		1,245,000		1,268,150
Northeastern Illinois University, Certificate of Participation,
AGM,
4.00%, 07/01/2025		145,000		146,377
Northern Illinois University, Certificate of Participation,
AGM,
5.00%, 09/01/2024		105,000		108,510
Northern Illinois University, Revenue Bonds,
BAM,
4.00%, 10/01/2043		950,000		906,991
Series B, BAM,
4.00%, 04/01/2036 - 04/01/2041		4,395,000		4,338,597
5.00%, 04/01/2027		355,000		382,692
Pulaski Massac Alexander & Johnson Counties Community Unit School District No. 10, General Obligation Unlimited,
Series C, AGM,
4.00%, 12/01/2026 - 12/01/2029		625,000		632,028
Rock Island County Public Building Commission, Revenue Bonds,
AGM,
5.00%, 12/01/2025 - 12/01/2041		1,530,000		1,669,400
Sales Tax Securitization Corp., Revenue Bonds,
BAM-TCRS,
5.00%, 01/01/2038		6,525,000		6,967,296
Sangamon County Water Reclamation District, General Obligation Unlimited,
Series A, BAM-TCRS,
4.00%, 01/01/2044		14,135,000		14,180,953
Sangamon Logan & Menard Counties Community Unit School District No. 15, General Obligation Unlimited,
Series B, BAM,
4.00%, 12/01/2038 - 12/01/2040		920,000		933,375
5.00%, 12/01/2036		345,000		382,410
Southern Illinois University, Certificate of Participation,
Series A-1, BAM,
4.00%, 02/15/2026		455,000		459,977
Southern Illinois University, Revenue Bonds,
BAM,
4.00%, 04/01/2028 - 04/01/2040		365,000		370,123
Southwestern Illinois Development Authority, Revenue Bonds,
Series B, BAM-TCRS,
5.00%, 10/15/2026		1,000,000		1,070,372

Transamerica Funds Page    6

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
State of Illinois, General Obligation Unlimited,
5.00%, 11/01/2035 - 11/01/2038		$   5,545,000		$   5,733,749
5.25%, 07/01/2030		1,020,000		1,028,093
5.50%, 07/01/2025 - 05/01/2039		6,280,000		6,786,642
BAM-TCRS,
4.00%, 06/01/2041		13,850,000		13,454,649
Series A,
4.00%, 01/01/2030		225,000		225,095
Series B,
4.00%, 12/01/2039		1,250,000		1,198,175
5.00%, 12/01/2032 - 10/01/2033		19,760,000		21,637,129
Series C,
5.00%, 11/01/2029		8,865,000		9,467,777
University of Illinois, Revenue Bonds,
Series A, AGM,
4.00%, 04/01/2043		4,190,000		4,126,583
Village of Bedford Park Water System Revenue, Revenue Bonds,
Series A, AGM,
4.00%, 12/01/2026		95,000		97,944
Village of Bellwood, General Obligation Unlimited,
AGM,
5.00%, 12/01/2027		235,000		245,568
Series B, AGM,
3.00%, 12/01/2029		1,000,000		1,010,800
Village of Calumet Park, General Obligation Unlimited,
BAM,
4.00%, 12/01/2025 - 12/01/2032		1,590,000		1,668,206
Village of Crestwood, General Obligation Unlimited,
BAM,
4.50%, 12/15/2027 - 12/15/2029		2,395,000		2,399,516
Series B, BAM,
5.00%, 12/15/2028 - 12/15/2035		7,305,000		7,419,838
Village of Dolton, General Obligation Unlimited,
Series A, AGC,
4.50%, 12/01/2024		300,000		300,446
Village of Franklin Park, Revenue Bonds,
BAM,
5.00%, 04/01/2026		230,000		242,751
Village of Lombard, General Obligation Unlimited,
5.00%, 01/01/2024		250,000		255,098
Village of Lyons, General Obligation Unlimited,
Series B, BAM,
4.00%, 12/01/2036 - 12/01/2037		2,055,000		2,161,167
5.00%, 12/01/2032		125,000		125,238
Series C, BAM,
4.00%, 12/01/2023		235,000		235,328
Village of Matteson, Revenue Bonds,
BAM,
5.00%, 12/01/2024 - 12/01/2035		3,610,000		3,988,870
Village of Montgomery, Special Assessment,
BAM,
2.85%, 03/01/2024		133,000		133,164
3.00%, 03/01/2025		130,000		130,898
3.10%, 03/01/2026		186,000		188,899
3.30%, 03/01/2028		177,000		181,603
3.40%, 03/01/2029		641,000		658,434
3.45%, 03/01/2030		121,000		124,420

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Illinois (continued)
Village of Mundelein, General Obligation Unlimited,
AGM,
4.00%, 12/15/2039		$   720,000		$   736,962
Village of Rosemont, General Obligation Unlimited,
Series A, BAM,
5.00%, 12/01/2042		11,270,000		12,590,271
Western Illinois Economic Development Authority, Revenue Bonds,
4.00%, 06/01/2023 - 06/01/2033		2,225,000		2,165,157
Western Illinois University, Revenue Bonds,
BAM,
5.00%, 04/01/2024		145,000		148,512
				224,045,961
Indiana - 1.2%
Bloomington Redevelopment District, Tax Allocation,
Series A-1,
5.00%, 02/01/2026 - 02/01/2040		1,470,000		1,623,839
Evansville Redevelopment Authority, Revenue Bonds,
BAM,
4.00%, 02/01/2029		1,495,000		1,560,273
Indiana Finance Authority, Revenue Bonds,
5.00%, 10/01/2035		2,220,000		2,392,851
Series A,
3.00%, 11/01/2030		3,470,000		3,117,189
Series B,
3.00%, 11/01/2030		625,000		561,453
Series B,
2.50%, 11/01/2030		2,500,000		2,165,053
Indiana Health Facility Financing Authority, Revenue Bonds,
5.00%, 11/15/2034		1,725,000		1,814,511
Merrillville Building Corp., Revenue Bonds,
BAM,
4.00%, 07/15/2036		710,000		725,499
Merrillville Redevelopment Authority, Revenue Bonds,
BAM,
4.00%, 07/15/2036 - 12/15/2039		1,725,000		1,737,981
				15,698,649
Iowa - 0.6%
Iowa Finance Authority, Revenue Bonds,
5.00%, 05/15/2041 - 05/15/2047		7,790,000		6,866,602
Series A,
4.00%, 05/15/2053		2,500,000		1,724,036
				8,590,638
Kansas - 0.0% (C)
Marais Des Cygnes Public Utility Authority, Revenue Bonds,
AGM,
3.00%, 12/01/2026 - 12/01/2027		195,000		198,814
Sedgwick County Public Building Commission, Revenue Bonds,
4.00%, 02/01/2054		175,000		175,035
				373,849

Transamerica Funds Page    7

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Kentucky - 3.8%
City of Owensboro, General Obligation Unlimited,
Series A, AGM,
4.00%, 02/01/2037 - 02/01/2043 (F)		$   10,845,000		$   10,757,255
County of Hardin, Revenue Bonds,
AGM,
5.75%, 08/01/2033 - 08/01/2045		105,000		106,669
County of Knox, General Obligation Unlimited,
BAM,
5.00%, 10/01/2035		495,000		549,009
Kentucky Bond Development Corp., Revenue Bonds,
BAM,
5.00%, 09/01/2049		16,590,000		18,058,772
Kentucky Economic Development Finance Authority, Revenue Bonds,
Series A, AGM,
5.00%, 12/01/2045 - 12/01/2047		7,880,000		8,107,495
Kentucky Municipal Power Agency, Revenue Bonds,
NATL,
5.00%, 09/01/2032		1,000,000		1,068,734
Series A,
Fixed until 03/01/2026, 3.45% (B), 09/01/2042		2,450,000		2,433,628
Kentucky State Property & Building Commission, Revenue Bonds,
BAM-TCRS,
5.00%, 04/01/2029		3,150,000		3,480,112
Kentucky State University, Certificate of Participation,
BAM,
4.00%, 11/01/2041 - 11/01/2046		2,390,000		2,393,720
Louisville & Jefferson County Visitors & Convention Commission, Revenue Bonds,
AGM-CR,
4.00%, 06/01/2028		3,380,000		3,522,779
Louisville / Jefferson County Metropolitan Government, Revenue Bonds,
Series A,
4.00%, 10/01/2040		140,000		136,069
Morehead State University, Revenue Bonds,
Series A,
4.00%, 04/01/2030 - 04/01/2032		435,000		448,445
Paducah Electric Plant Board, Revenue Bonds,
Series A, AGM,
5.00%, 10/01/2030 - 10/01/2032		1,260,000		1,359,055
				52,421,742
Louisiana - 2.4%
Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue Bonds,
AGM,
5.00%, 10/01/2026 - 08/01/2029		9,720,000		10,648,614
BAM,
5.00%, 10/01/2028		385,000		434,717
Louisiana Public Facilities Authority, Revenue Bonds,
5.00%, 07/01/2022 - 07/01/2027 (G) (H)		1,480,000		1,258,000
5.00%, 07/01/2023 - 07/01/2026		1,680,000		1,428,000

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Louisiana (continued)
New Orleans Aviation Board, Revenue Bonds,
AGM,
5.00%, 10/01/2033 - 10/01/2048		$   5,940,000		$   6,284,704
Parish of St. John the Baptist, Revenue Bonds,
Fixed until 07/01/2024, 2.10% (B), 06/01/2037		1,220,000		1,194,647
Fixed until 07/01/2026, 2.20% (B), 06/01/2037		4,180,000		3,938,225
Series B-2,
Fixed until 07/01/2026, 2.38% (B), 06/01/2037		8,000,000		7,569,264
				32,756,171
Maine - 0.2%
Maine Health & Higher Educational Facilities Authority Revenue, Revenue Bonds,
4.00%, 07/01/2051		2,305,000		2,172,883
Maine State Housing Authority, Revenue Bonds,
Series B,
3.15%, 11/15/2039		345,000		310,635
Series C,
2.75%, 11/15/2031		665,000		638,212
				3,121,730
Maryland - 2.7%
City of Baltimore, Revenue Bonds,
Series C,
5.00%, 07/01/2043		2,000,000		2,047,365
City of Rockville, Revenue Bonds,
Series A-1,
5.00%, 11/01/2023		100,000		100,181
Series A-2,
5.00%, 11/01/2023		130,000		130,236
County of Prince George, General Obligation Limited,
Series A,
3.00%, 07/01/2033 - 07/01/2034		16,550,000		16,739,652
Maryland Stadium Authority Built to Learn Revenue, Revenue Bonds,
Series A,
4.00%, 06/01/2052		18,370,000		17,839,888
				36,857,322
Massachusetts - 0.3%
Lynn Housing Authority & Neighborhood Development, Revenue Bonds,
4.25%, 10/01/2028		315,000		317,626
4.38%, 10/01/2029		300,000		302,715
Massachusetts Development Finance Agency, Revenue Bonds,
5.00%, 10/01/2039		250,000		253,800
Massachusetts Housing Finance Agency, Revenue Bonds,
Series 183,
2.80%, 06/01/2031		125,000		120,364

Transamerica Funds Page    8

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Massachusetts (continued)
Town of Andover, General Obligation Limited,
4.00%, 07/15/2052		$   1,025,000		$   1,030,748
Town of Dedham, General Obligation Limited,
4.00%, 03/15/2052		2,485,000		2,496,978
				4,522,231
Michigan - 2.7%
Detroit Wayne County Stadium Authority, Revenue Bonds,
AGM,
5.00%, 10/01/2026		2,795,000		2,799,689
Eastern Michigan University, Revenue Bonds,
Series A, BAM-TCRS,
4.00%, 03/01/2047		1,245,000		1,217,455
Lake City Area Schools, General Obligation Unlimited,
BAM,
5.00%, 05/01/2035		2,540,000		2,733,664
Michigan Finance Authority, Revenue Bonds,
4.00%, 12/01/2036 - 12/01/2046		5,825,000		5,840,075
5.00%, 05/15/2054		14,550,000		14,733,775
Series C,
5.25%, 10/01/2043		20,000		20,378
Michigan Strategic Fund, Revenue Bonds,
5.00%, 11/15/2049		2,380,000		2,217,172
Stockbridge Community Schools, General Obligation Unlimited,
Series A,
5.00%, 05/01/2031		375,000		405,297
Tri-County Area School District, General Obligation Unlimited,
AGM,
4.00%, 05/01/2044		5,020,000		5,063,600
Wayne County Airport Authority, Revenue Bonds,
Series A,
5.00%, 12/01/2032		250,000		276,236
Zeeland Public Schools, General Obligation Unlimited,
Series B, BAM,
5.00%, 05/01/2030		750,000		840,173
				36,147,514
Minnesota - 2.2%
City of Deephaven, Revenue Bonds,
Series A,
4.38%, 10/01/2027		235,000		229,802
4.40%, 07/01/2025		70,000		70,085
City of Minneapolis, Revenue Bonds,
4.00%, 11/15/2037		1,045,000		1,064,094
Series A, AGM-CR,
5.00%, 11/15/2035 - 11/15/2036		19,800,000		21,531,179
City of Red Wing, Revenue Bonds,
Series A,
5.00%, 08/01/2047		1,000,000		869,039
City of Stillwater, Tax Allocation,
3.00%, 02/01/2023 - 02/01/2027		1,470,000		1,448,894
Duluth Economic Development Authority, Revenue Bonds,
4.00%, 07/01/2041		930,000		765,955

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Minnesota (continued)
Housing & Redevelopment Authority of the City of St. Paul, Revenue Bonds,
Series A,
5.00%, 12/01/2030		$   350,000		$   356,329
Series B,
4.25%, 04/01/2025 (D)		80,000		79,604
Minnesota Housing Finance Agency, Revenue Bonds,
Series A,
4.00%, 08/01/2031		100,000		103,006
Series D, GNMA, FNMA, FHLMC,
1.95%, 01/01/2032		1,125,000		985,792
2.00%, 07/01/2032		535,000		481,032
Series F, GNMA, FNMA, FHLMC,
2.30%, 07/01/2032		555,000		512,921
Shakopee Independent School District No. 720, General Obligation Unlimited,
Series C,
Zero Coupon, 02/01/2027		190,000		167,987
Township of Baytown, Revenue Bonds,
Series A,
4.00%, 08/01/2036		675,000		587,087
				29,252,806
Mississippi - 0.2%
Mississippi Development Bank, Revenue Bonds,
AGM,
6.88%, 12/01/2040		3,160,000		3,239,613
Missouri - 1.1%
City of Springfield Public Utility Revenue, Revenue Bonds,
3.60%, 08/01/2029		6,180,000		6,268,640
Health & Educational Facilities Authority, Revenue Bonds,
Series A,
5.00%, 02/01/2029		2,145,000		2,189,133
Missouri Health & Educational Facilities Authority Revenue, Revenue Bonds,
4.00%, 06/01/2053		4,420,000		4,284,234
Missouri Housing Development Commission, Revenue Bonds,
Series B, GNMA, FNMA, FHLMC,
2.55%, 11/01/2029		135,000		131,275
Missouri Joint Municipal Electric Utility Commission, Revenue Bonds,
5.00%, 12/01/2043		250,000		261,014
Missouri Southern State University, Revenue Bonds,
Series A, AGM,
4.00%, 10/01/2037		145,000		148,876
St. Louis Municipal Finance Corp., Revenue Bonds,
Series A, AGM,
5.00%, 02/15/2030 - 02/15/2033		1,750,000		1,908,905
				15,192,077
Montana - 0.0% (C)
Montana Facility Finance Authority, Revenue Bonds,
5.00%, 07/01/2030		180,000		199,158

Transamerica Funds Page    9

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Nebraska - 0.2%
Central Plains Energy Project, Revenue Bonds,
Series A,
5.00%, 09/01/2034		$   140,000		$   155,569
Southeast Community College Area, Revenue Bonds,
AGM,
4.00%, 03/15/2042 - 03/15/2047		3,005,000		2,969,652
				3,125,221
Nevada - 0.0% (C)
Henderson Local Improvement Districts, Special Assessment,
2.50%, 09/01/2025		70,000		69,007
Nevada System of Higher Education, Revenue Bonds,
Series A,
5.00%, 07/01/2024		25,000		25,272
				94,279
New Jersey - 4.1%
City of Newark Mass Transit Access Tax Revenue, Revenue Bonds,
AGM,
5.00%, 11/15/2042		1,575,000		1,739,810
5.38%, 11/15/2052		3,050,000		3,375,941
6.00%, 11/15/2062		12,855,000		14,640,583
City of Paterson, General Obligation Unlimited,
BAM,
5.00%, 01/15/2024		775,000		776,562
County of Essex, General Obligation Unlimited,
Series A,
2.00%, 08/15/2033		760,000		659,656
Series B,
2.00%, 08/15/2033		700,000		607,578
Essex County Improvement Authority, Revenue Bonds,
Series A,
5.00%, 12/01/2035 (G) (H)		535,000		417,300
Lindenwold Boro School District, General Obligation Unlimited,
BAM,
4.00%, 02/01/2040		1,030,000		1,049,414
New Jersey Economic Development Authority, Revenue Bonds,
5.00%, 11/01/2044 - 11/01/2052		9,755,000		10,275,101
Series A,
4.25%, 09/01/2027 (A)		200,000		199,253
5.00%, 09/01/2037 (A)		750,000		738,531
Series A, BAM,
3.13%, 07/01/2031		2,620,000		2,606,914
5.00%, 07/01/2027		1,980,000		2,159,681
Series A, BAM-TCRS,
5.00%, 06/15/2027		2,445,000		2,694,327
Series DDD,
5.00%, 06/15/2042		1,850,000		1,914,093
Series DDD, BAM-TCRS,
5.00%, 06/15/2027		1,000,000		1,101,974
Series WW,
5.25%, 06/15/2040		85,000		87,033

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New Jersey (continued)
New Jersey Transportation Trust Fund Authority, Revenue Bonds,
Series C, AMBAC, BAM-TCRS,
Zero Coupon, 12/15/2028		$   2,625,000		$   2,195,337
Parking Authority of the City of Trenton, Revenue Bonds,
Series B, AGM,
4.00%, 04/01/2027		325,000		341,852
State of New Jersey, General Obligation Unlimited,
5.00%, 06/01/2039 - 06/01/2041		7,185,000		7,812,664
				55,393,604
New York - 5.7%
Brookhaven Local Development Corp., Revenue Bonds,
Series B,
4.00%, 11/01/2045		1,950,000		1,670,101
Brooklyn Arena Local Development Corp., Revenue Bonds,
Series A, AGM,
4.00%, 07/15/2029 - 07/15/2035		3,935,000		4,075,865
Broome County Local Development Corp., Revenue Bonds,
AGM,
5.00%, 04/01/2030		400,000		449,014
Buffalo & Erie County Industrial Land Development Corp., Revenue Bonds,
5.00%, 10/01/2037		400,000		415,236
Series A,
3.88%, 08/01/2027		2,545,000		2,478,865
5.00%, 08/01/2037		1,295,000		1,288,398
Buffalo Municipal Water Finance Authority, Revenue Bonds,
Series A, AGM,
5.00%, 07/01/2039		55,000		58,940
City of Niagara Falls, General Obligation Limited,
BAM,
5.00%, 05/15/2028		55,000		59,514
East Ramapo Central School District, General Obligation Unlimited,
AGM,
5.00%, 03/15/2039 - 03/15/2047		6,935,000		7,534,767
Jefferson County Civic Facility Development Corp., Revenue Bonds,
Series A,
4.00%, 11/01/2030		250,000		246,503
Lockport City School District, General Obligation Unlimited,
2.50%, 08/01/2028		370,000		375,140
Metropolitan Transportation Authority, Revenue Bonds,
Series C, AGM-CR,
5.00%, 11/15/2038		3,875,000		4,183,499
Series D-1, BAM,
5.00%, 11/15/2033		7,730,000		8,193,094
MTA Hudson Rail Yards Trust Obligations, Revenue Bonds,
Series A,
5.00%, 11/15/2051		2,000,000		1,999,920
New York City Housing Development Corp., Revenue Bonds,
Series A, AGM,
4.10%, 07/01/2042		25,000		25,009

Transamerica Funds Page    10

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
New York (continued)
New York City Housing Development Corp., Revenue Bonds, (continued)
Series C-1,
2.45%, 11/01/2027		$   65,000		$   63,610
Series I, FNMA,
Fixed until 02/01/2026, 2.95% (B), 11/01/2045		4,325,000		4,328,416
New York City Industrial Development Agency, Revenue Bonds,
AGM,
4.00%, 03/01/2032		5,155,000		5,536,740
5.00%, 01/01/2030		1,300,000		1,487,589
New York Counties Tobacco Trust VI, Revenue Bonds,
Series C,
3.75%, 06/01/2045		180,000		147,819
New York State Dormitory Authority, Revenue Bonds,
4.00%, 07/01/2046		665,000		656,182
FHA,
4.00%, 02/01/2037 - 02/01/2039		120,000		123,691
Series A,
4.00%, 07/01/2048		3,720,000		3,680,092
Series A, AGM,
4.00%, 10/01/2034		3,900,000		4,169,182
5.00%, 10/01/2033		155,000		179,419
Series A-1,
4.00%, 07/01/2028		610,000		662,319
New York State Thruway Authority, Revenue Bonds,
Series A,
5.25%, 01/01/2056		2,360,000		2,465,250
Series O,
4.00%, 01/01/2041		8,975,000		8,985,451
Oneida County Local Development Corp., Revenue Bonds,
AGM,
4.00%, 12/01/2037 - 12/01/2049		2,170,000		2,088,970
Port Authority of New York & New Jersey, Revenue Bonds,
5.00%, 09/01/2048		1,250,000		1,346,375
State of New York Mortgage Agency, Revenue Bonds,
Series 190,
3.45%, 10/01/2030		110,000		110,481
Town of Oyster Bay, General Obligation Limited,
Series B, AGM,
3.00%, 08/15/2030 - 08/15/2034		6,145,000		6,212,960
Upper Mohawk Valley Regional Water Finance Authority, Revenue Bonds,
Series A, AGM,
4.00%, 04/01/2046		2,775,000		2,782,084
				78,080,495
North Carolina - 1.4%
City of High Point Combined Water & Sewer System Revenue, Revenue Bonds,
4.00%, 11/01/2046		1,705,000		1,718,267
North Carolina Housing Finance Agency, Revenue Bonds,
Series 38-B,
2.38%, 01/01/2025		660,000		649,946
2.45%, 07/01/2025		375,000		367,818
North Carolina Medical Care Commission, Revenue Bonds,
4.00%, 11/01/2049		6,155,000		6,164,367
5.00%, 01/01/2038		560,000		568,745

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
North Carolina (continued)
North Carolina Medical Care Commission, Revenue Bonds, (continued)
Series A,
5.00%, 10/01/2040 - 10/01/2045		$   2,140,000		$   2,140,067
Series B-1,
2.55%, 09/01/2026		1,550,000		1,439,379
Series B-2,
2.30%, 09/01/2025		1,250,000		1,179,316
North Carolina Turnpike Authority, Revenue Bonds,
AGM,
5.00%, 01/01/2031 - 01/01/2035		1,725,000		1,877,083
University of North Carolina at Greensboro, Revenue Bonds,
5.00%, 04/01/2031		1,250,000		1,282,017
Winston-Salem State University, Revenue Bonds,
BAM,
5.00%, 06/01/2029 - 06/01/2035		2,040,000		2,171,049
				19,558,054
North Dakota - 0.5%
City of Grand Forks, Revenue Bonds,
4.00%, 12/01/2051		7,025,000		5,857,120
County of Ward, General Obligation Unlimited,
Series A, AGM,
4.00%, 04/01/2024		1,000,000		1,002,086
Fargo Public School District No. 1, General Obligation Limited,
Series A,
3.00%, 08/01/2026		25,000		25,263
				6,884,469
Ohio - 4.2%
Brunswick City School District, General Obligation Unlimited,
Series A,
5.00%, 12/01/2032 - 12/01/2034		170,000		171,457
Buckeye Tobacco Settlement Financing Authority, Revenue Bonds,
Series B-2, Class 2,
5.00%, 06/01/2055		35,270,000		33,630,559
Series B-3, Class 2,
Zero Coupon, 06/01/2057		38,000,000		5,059,731
Cardinal Local School District, Certificate of Participation,
5.25%, 04/01/2038		1,515,000		1,407,037
Conotton Valley Union Local School District, Certificate of Participation,
AGM,
4.00%, 12/01/2035		150,000		154,330
AGM,
4.00%, 12/01/2037		440,000		450,008
County of Franklin, Revenue Bonds,
Series A,
5.00%, 12/01/2047		650,000		667,167
County of Scioto, Revenue Bonds,
AGM-CR,
3.50%, 02/15/2038		330,000		319,942
Euclid City School District, Certificate of Participation,
BAM,
4.00%, 12/01/2044		510,000		512,550
Little Miami Local School District, General Obligation Unlimited,
Series B,
5.00%, 11/01/2048		1,795,000		1,877,168

Transamerica Funds Page    11

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Ohio (continued)
Ohio Air Quality Development Authority, Revenue Bonds,
Series B,
Fixed until 11/01/2024, 1.38% (B), 02/01/2026		$   1,675,000		$   1,593,421
Series C,
Fixed until 11/04/2025, 1.50% (B), 02/01/2026		2,000,000		1,855,322
Ohio Higher Educational Facility Commission, Revenue Bonds,
Series B,
4.00%, 07/01/2046		1,050,000		977,574
Ohio Housing Finance Agency, Revenue Bonds,
Series D, GNMA, FNMA, FHLMC,
3.05%, 09/01/2032		530,000		508,357
3.40%, 09/01/2037		1,465,000		1,405,798
Pinnacle Community Infrastructure Financing Authority, Revenue Bonds,
Series A, AGM,
4.00%, 12/01/2031		1,040,000		1,083,181
Summit County Development Finance Authority, Revenue Bonds,
4.00%, 12/01/2028 - 12/01/2032		570,000		570,880
Triway Local School District, Certificate of Participation,
BAM,
5.00%, 12/01/2047		3,910,000		4,164,497
Wayne County Southeast Local School District, Certificate of Participation,
BAM,
4.00%, 12/01/2033		745,000		813,772
				57,222,751
Oklahoma - 0.1%
Cleveland County Educational Facilities Authority, Revenue Bonds,
5.00%, 06/01/2023		20,000		20,147
Garfield County Educational Facilities Authority, Revenue Bonds,
Series A,
5.00%, 09/01/2027		1,315,000		1,416,517
Oklahoma City Public Property Authority, Revenue Bonds,
4.50%, 10/01/2036		150,000		150,160
Oklahoma Housing Finance Agency, Revenue Bonds,
Series A, GNMA, FNMA, FHLMC,
2.75%, 09/01/2034		45,000		41,380
				1,628,204
Oregon - 1.1%
City of Boardman, General Obligation Unlimited,
BAM,
3.00%, 06/15/2037 - 06/15/2039		825,000		763,185
City of Sherwood, General Obligation Limited,
Series B,
4.00%, 06/01/2051		1,340,000		1,330,047
Klamath Falls Intercommunity Hospital Authority, Revenue Bonds,
3.00%, 09/01/2035		770,000		722,158

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Oregon (continued)
Medford Hospital Facilities Authority, Revenue Bonds,
Series A,
5.00%, 08/15/2037		$   1,700,000		$   1,863,205
Series A, AGM,
4.00%, 08/15/2040		1,435,000		1,443,638
Oregon State Facilities Authority, Revenue Bonds,
Series A,
5.50%, 06/15/2035 (A)		750,000		755,403
State of Oregon Housing & Community Services Department, Revenue Bonds,
Series A,
2.45%, 07/01/2034		3,090,000		2,701,028
2.65%, 07/01/2039		7,025,000		5,810,554
				15,389,218
Pennsylvania - 7.4%
Allegheny County Hospital Development Authority, Revenue Bonds,
Series A,
4.00%, 07/15/2036 - 07/15/2038		13,085,000		13,211,203
Beaver County Economic Development Authority, Revenue Bonds,
BAM,
4.00%, 11/15/2035 - 11/15/2036		3,110,000		3,247,468
Borough of Monaca, General Obligation Unlimited,
Series C, BAM,
4.00%, 11/15/2050		500,000		497,635
Bristol Township School District, General Obligation Limited,
BAM-TCRS,
5.00%, 06/01/2027		80,000		80,661
Bucks County Industrial Development Authority, Revenue Bonds,
5.00%, 10/01/2033 - 10/01/2037		1,950,000		1,969,413
County of Lackawanna, General Obligation Unlimited,
BAM,
4.00%, 09/15/2033		3,035,000		3,198,723
Cumberland County Municipal Authority, Revenue Bonds,
5.00%, 01/01/2029		840,000		838,263
Erie Sewer Authority, Revenue Bonds,
Series B, AGM,
5.00%, 12/01/2036		2,000,000		2,258,270
Geisinger Authority, Revenue Bonds,
Series A-1,
5.00%, 02/15/2045		3,960,000		4,067,731
Indiana County Hospital Authority, Revenue Bonds,
Series A,
5.50%, 06/01/2029		250,000		252,216
Lancaster County Hospital Authority, Revenue Bonds,
5.00%, 11/01/2051		3,805,000		3,960,822
Lancaster Industrial Development Authority, Revenue Bonds,
4.00%, 12/01/2044		755,000		740,910
Montgomery County Industrial Development Authority, Revenue Bonds,
4.00%, 10/01/2041		115,000		102,591
Mountaintop Area Joint Sanitary Authority, Revenue Bonds,
BAM,
4.00%, 12/15/2049		3,725,000		3,734,149

Transamerica Funds Page    12

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Pennsylvania (continued)
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds,
4.00%, 08/15/2044 - 08/15/2049		$   15,740,000		$   15,292,500
Series A, AGM,
4.00%, 05/01/2040		1,920,000		1,912,024
Pennsylvania Housing Finance Agency, Revenue Bonds,
Series 121,
2.20%, 04/01/2026		1,190,000		1,162,881
2.25%, 10/01/2026		305,000		297,627
Series 124B,
2.65%, 04/01/2028		555,000		544,881
2.75%, 10/01/2028		650,000		640,339
Series 129,
2.20%, 04/01/2027		95,000		91,890
2.25%, 10/01/2027		80,000		77,282
2.40%, 10/01/2028		660,000		639,931
2.45%, 04/01/2029 - 10/01/2029		2,420,000		2,350,161
2.55%, 04/01/2030		1,280,000		1,242,270
2.60%, 10/01/2030		355,000		345,041
Pennsylvania Turnpike Commission, Revenue Bonds,
Series A,
5.00%, 12/01/2044		8,310,000		8,852,950
Series A, AGM,
4.00%, 12/01/2049		11,160,000		11,283,839
Series B,
5.00%, 12/01/2034		45,000		46,625
Series B, BAM-TCRS,
5.25%, 12/01/2044		7,970,000		8,282,383
Pennsylvania Turnpike Commission Oil Franchise Tax Revenue, Revenue Bonds,
Series B,
5.00%, 12/01/2038		1,180,000		1,277,390
Philadelphia Gas Works Co., Revenue Bonds,
4.00%, 10/01/2037		175,000		175,955
Series A, AGM,
5.00%, 08/01/2050		1,365,000		1,474,860
Reading School District, General Obligation Unlimited,
Series A, AGM,
5.00%, 02/01/2027		565,000		589,694
School District of Philadelphia, General Obligation Limited,
Series A,
4.00%, 09/01/2036		1,235,000		1,271,519
State Public School Building Authority, Revenue Bonds,
Series A, AGM,
5.00%, 12/01/2023 - 06/01/2032		3,150,000		3,301,584
Township of Northampton, General Obligation Limited,
4.00%, 05/15/2046		225,000		225,589
Upper Dublin School District, General Obligation Limited,
Series A,
4.00%, 05/15/2040 - 05/15/2044		1,260,000		1,263,997
Series A,
4.00%, 05/15/2039		200,000		201,172
Wilkes-Barre Area School District, General Obligation Limited,
BAM,
5.00%, 04/15/2059		440,000		460,014
				101,464,453

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Puerto Rico - 0.5%
Children’s Trust Fund, Revenue Bonds,
5.63%, 05/15/2043		$   125,000		$   125,007
Commonwealth of Puerto Rico, Revenue Bonds,
5.50%, 07/01/2029		85,973		84,979
Puerto Rico Electric Power Authority, Revenue Bonds,
Series DDD, AGM,
3.65%, 07/01/2024		620,000		610,110
5.00%, 07/01/2023		40,000		40,288
Series RR, AGC,
5.00%, 07/01/2028		345,000		347,480
Series SS, AGC,
4.38%, 07/01/2030		145,000		140,223
Series SS, AGM,
5.00%, 07/01/2030		2,100,000		2,115,098
Series TT, AGC-ICC,
5.00%, 07/01/2032		50,000		49,902
Series UU, AGC,
4.25%, 07/01/2027		20,000		19,513
5.00%, 07/01/2026		650,000		654,673
Series UU, AGM,
4.00%, 07/01/2023		120,000		119,612
5.00%, 07/01/2023 - 07/01/2024		870,000		876,255
Series VV, AGM,
5.25%, 07/01/2027		40,000		40,500
Puerto Rico Municipal Finance Agency, Revenue Bonds,
Series A, AGM,
5.00%, 08/01/2027		1,030,000		1,037,405
				6,261,045
Rhode Island - 1.0%
Providence Public Building Authority, Revenue Bonds,
Series A, AGM,
5.00%, 09/15/2028 - 09/15/2037		9,455,000		10,254,237
Providence Redevelopment Agency, Revenue Bonds,
Series A, AGM-CR,
5.00%, 04/01/2027		1,200,000		1,262,884
Rhode Island Commerce Corp., Revenue Bonds,
BAM-TCRS,
5.00%, 07/01/2034		1,395,000		1,548,816
Rhode Island Health & Educational Building Corp., Revenue Bonds,
Series C,
5.00%, 09/15/2027		180,000		195,598
				13,261,535
South Carolina - 0.7%
South Carolina Jobs-Economic Development Authority, Revenue Bonds,
4.00%, 12/01/2044		8,005,000		7,788,171
5.00%, 10/01/2026 (A)		1,675,000		1,687,842
				9,476,013
South Dakota - 0.0% (C)
South Dakota Housing Development Authority, Revenue Bonds,
Series F, GNMA, FNMA, FHLMC,
2.70%, 05/01/2028		95,000		95,693

Transamerica Funds Page    13

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Tennessee - 0.3%
City of Jackson, Revenue Bonds,
5.00%, 04/01/2041		$   5,000		$   5,705
Tennessee Housing Development Agency, Revenue Bonds,
Series 1,
2.95%, 01/01/2026		45,000		45,096
Series B-2,
2.25%, 01/01/2025		40,000		39,524
2.95%, 07/01/2028		2,005,000		1,953,998
3.05%, 07/01/2029		1,635,000		1,597,132
				3,641,455
Texas - 1.9%
City of Liberty Hill, Special Assessment,
3.38%, 09/01/2042 (A)		1,000,000		736,973
City of Pearland, General Obligation Limited,
5.00%, 03/01/2023		25,000		25,050
City of Round Rock, Revenue Bonds,
AGM,
4.00%, 12/01/2035 - 12/01/2037		1,445,000		1,527,942
City of Rowlett, Special Assessment,
3.13%, 09/15/2031 (A)		226,000		203,046
City of Temple, Tax Allocation,
BAM,
4.00%, 08/01/2039 - 08/01/2041		700,000		710,536
Dallas County Flood Control District No. 1, General Obligation Unlimited,
5.00%, 04/01/2024 (A)		800,000		800,571
Dallas-Fort Worth International Airport, Revenue Bonds,
Series C,
5.00%, 11/01/2034		40,000		40,634
Decatur Hospital Authority, Revenue Bonds,
Series B, AGM,
4.00%, 09/01/2050		4,395,000		4,309,753
El Paso County Hospital District, General Obligation Limited,
5.00%, 08/15/2026		150,000		151,564
Elm Ridge Water Control & Improvement District of Denton County, General Obligation Unlimited,
AGM,
2.75%, 09/01/2030		80,000		79,663
Fort Bend County Levee Improvement District No. 15, General Obligation Unlimited,
BAM,
4.00%, 09/01/2029 - 09/01/2032		380,000		383,317
Grand Parkway Transportation Corp., Revenue Bonds,
Series B,
5.00%, 04/01/2053		25,000		25,415
Harris County Municipal Utility District No. 399, General Obligation Unlimited,
AGM,
4.00%, 09/01/2033		270,000		274,718
Harris County Sports Authority, Revenue Bonds,
Series A, AGM,
5.00%, 11/15/2027		35,000		36,371

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Texas (continued)
Montgomery County Municipal Utility District No. 113, General Obligation Unlimited,
AGM,
3.00%, 09/01/2033		$   150,000		$   150,032
Nacogdoches County Hospital District, Revenue Bonds,
AGM,
4.00%, 05/15/2037		415,000		415,290
New Hope Cultural Education Facilities Finance Corp., Revenue Bonds,
5.00%, 01/01/2024 - 01/01/2028		2,995,000		3,008,699
Northwoods Road District No. 1, General Obligation Unlimited,
BAM,
4.00%, 08/15/2027		140,000		147,950
Old Spanish Trail-Alemda Corridors Redevelopment Authority, Tax Allocation,
BAM,
4.00%, 09/01/2036 - 09/01/2037		2,450,000		2,558,600
Pottsboro Higher Education Finance Corp., Revenue Bonds,
Series A,
3.88%, 08/15/2026		135,000		130,981
Southwest Houston Redevelopment Authority, Tax Allocation,
Series B, AGM,
5.00%, 09/01/2034		2,000,000		2,192,072
Texas Municipal Gas Acquisition & Supply Corp. III, Revenue Bonds,
5.00%, 12/15/2032		4,415,000		4,738,074
Travis County Municipal Utility District No. 4, General Obligation Unlimited,
AGM,
4.00%, 09/01/2035		450,000		450,345
Viridian Municipal Management District, General Obligation Unlimited,
BAM,
4.00%, 12/01/2026		430,000		440,597
Wichita Falls Economic Development Corp., Revenue Bonds,
AGM,
4.00%, 09/01/2046		1,980,000		1,988,409
				25,526,602
U.S. Virgin Islands - 0.0% (C)
Virgin Islands Public Finance Authority, Revenue Bonds,
Series A, AGM-CR,
5.00%, 10/01/2032 (D)		200,000		200,208
Utah - 0.0% (C)
City of Herriman Water Revenue, Revenue Bonds,
AGM,
4.00%, 01/01/2038		115,000		119,350
Utah Charter School Finance Authority, Revenue Bonds,
4.00%, 10/15/2023		150,000		151,448
4.25%, 04/15/2034		120,000		120,915
				391,713

Transamerica Funds Page    14

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
Vermont - 0.1%
City of Burlington, General Obligation Unlimited,
Series A,
5.00%, 11/01/2035		$   190,000		$   213,755
Vermont Housing Finance Agency, Revenue Bonds,
Series A, GNMA, FNMA, FHLMC,
3.13%, 11/01/2042		625,000		594,843
Series D, GNMA, FNMA, FHLMC,
2.90%, 05/01/2029		100,000		99,609
Vermont Public Power Supply Authority, Revenue Bonds,
Series A,
5.00%, 07/01/2027		570,000		603,010
				1,511,217
Virginia - 1.1%
Chesapeake Bay Bridge & Tunnel District, Revenue Bonds,
AGM,
5.00%, 07/01/2041		2,180,000		2,242,711
County of Henrico Water & Sewer Revenue, Revenue Bonds,
4.00%, 05/01/2030 - 05/01/2032		4,865,000		4,960,625
Series A,
4.00%, 05/01/2050		1,275,000		1,280,667
Hampton Roads Transportation Accountability Commission, Revenue Bonds,
Series A,
4.00%, 07/01/2052		1,245,000		1,226,865
Loudoun County Economic Development Authority, Revenue Bonds,
Zero Coupon, 07/01/2049		7,515,000		2,658,352
Virginia Small Business Financing Authority, Revenue Bonds,
4.00%, 11/01/2039		2,500,000		2,537,114
				14,906,334
Washington - 0.5%
Central Puget Sound Regional Transit Authority, Revenue Bonds,
NATL,
4.75%, 02/01/2028		45,000		46,700
Everett Housing Authority, Revenue Bonds,
4.00%, 07/01/2036		2,070,000		2,099,035
Washington Health Care Facilities Authority, Revenue Bonds,
5.00%, 10/01/2044		4,115,000		4,152,621
Washington State Housing Finance Commission, Revenue Bonds,
3.70%, 07/01/2023 (A) (D)		40,000		39,756
5.00%, 07/01/2033 (A)		375,000		355,706
Series 3-N, GNMA, FNMA, FHLMC,
2.85%, 12/01/2028		65,000		63,829
				6,757,647

	Principal		Value
MUNICIPAL GOVERNMENT OBLIGATIONS (continued)
West Virginia - 0.1%
City of Buckhannon, Revenue Bonds,
Series C,
4.25%, 08/01/2023		$   520,000		$   520,144
West Virginia Housing Development Fund, Revenue Bonds,
Series B,
3.70%, 11/01/2032		310,000		319,412
				839,556
Wisconsin - 3.5%
Public Finance Authority, Revenue Bonds,
3.00%, 04/01/2025 (A)		255,000		246,728
4.00%, 09/01/2029 (A)		800,000		761,186
4.00% (B), 10/01/2041		11,820,000		12,505,300
AGM,
5.00%, 07/01/2048		1,000,000		1,032,578
BAM,
5.25%, 07/01/2042		6,150,000		6,801,709
5.38%, 07/01/2047		7,000,000		7,722,077
5.50%, 07/01/2052		6,000,000		6,699,434
5.63%, 07/01/2055		5,600,000		6,247,619
Series A,
4.00%, 01/01/2045		1,500,000		1,430,600
5.00%, 06/01/2027 - 07/01/2038		725,000		744,400
Series A, AGM,
4.00%, 07/01/2038 - 07/01/2040		555,000		549,150
5.00%, 07/01/2036 - 07/01/2044		1,100,000		1,152,686
Wisconsin Health & Educational Facilities Authority, Revenue Bonds,
5.00%, 08/15/2023 - 08/01/2039		2,060,000		1,821,844
				47,715,311
Wyoming - 0.4%
University of Wyoming, Revenue Bonds,
Series C,
4.00%, 06/01/2037		2,865,000		2,990,361
Wyoming Community Development Authority, Revenue Bonds,
Series 1,
2.30%, 12/01/2031		255,000		245,430
Series 2,
2.95%, 06/01/2033		2,485,000		2,357,874
				5,593,665
Total Municipal Government Obligations (Cost $1,392,423,991)				1,308,368,740
U.S. GOVERNMENT OBLIGATION - 1.4%
U.S. Treasury - 1.4%
U.S. Treasury Notes
2.88%, 05/15/2032		20,000,000		18,993,750
Total U.S. Government Obligation (Cost $19,766,763)				18,993,750
SHORT-TERM U.S. GOVERNMENT OBLIGATION - 0.7%
U.S. Treasury Bills
4.27% (I), 02/07/2023		10,000,000		9,993,058
Total Short-Term U.S. Government Obligation (Cost $9,993,007)				9,993,058

Transamerica Funds Page    15

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Principal		Value
REPURCHASE AGREEMENT - 2.0%
Fixed Income Clearing Corp., 1.80% (I), dated 01/31/2023, to be repurchased at $27,313,381 on 02/01/2023. Collateralized by a U.S. Government Obligation, 0.13%, due 07/15/2024, and with a value of $27,858,371.		$  27,312,016		$   27,312,016
Total Repurchase Agreement (Cost $27,312,016)				27,312,016
Total Investments (Cost $1,449,495,777)				1,364,667,564
Net Other Assets (Liabilities) - 0.2%				2,651,641
Net Assets - 100.0%				$  1,367,319,205

INVESTMENT VALUATION:

Valuation Inputs ^(J)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Municipal Government Obligations	$	—	$	1,308,368,740	$	—	$	1,308,368,740
U.S. Government Obligation		—		18,993,750		—		18,993,750
Short-Term U.S. Government Obligation		—		9,993,058		—		9,993,058
Repurchase Agreement		—		27,312,016		—		27,312,016
Total Investments	$	—	$	1,364,667,564	$	—	$	1,364,667,564

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 January 31, 2023, the total value of 144A securities is $13,030,928, representing 1.0% of the Fund’s net assets.
(B)	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.
(C)	Percentage rounds to less than 0.1% or (0.1)%.

Transamerica Funds Page    16

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

(D) Restricted securities. At January 31, 2023, the value of such securities held by the Fund are as follows:

Investments	Description	Acquisition Date		Acquisition Cost		Value		Value as Percentage of Net Assets
Municipal Government Obligations	Bradburn Metropolitan District No. 2 General Obligation Limited Series A 4.00%, 12/01/2028		03/08/2018	$	291,210	$	282,435		0.0	%(C)
Municipal Government Obligations	Housing & Redevelopment Authority of the City of St. Paul Revenue Bonds Series B 4.25%, 04/01/2025		06/19/2015		80,003		79,604		0.0	(C)
Municipal Government Obligations	Virgin Islands Public Finance Authority Revenue Bonds Series A, AGM-CR 5.00%, 10/01/2032		07/14/2020 - 02/09/2021		212,946		200,208		0.0	(C)
Municipal Government Obligations	Washington State Housing Finance Commission Revenue Bonds 3.70%, 07/01/2023		05/11/2018		40,002		39,756		0.0	(C)
Total				$	624,161	$	602,003		0.0	%(C)

(E)	Step bonds. Coupon rates change in increments to maturity. The rates disclosed are as of January 31, 2023; the maturity dates disclosed are the ultimate maturity dates.
(F)	When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after January 31, 2023. Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(G)	Securities in default; no interest payments received and/or dividends declared during the last 12 months. At January 31, 2023, the total value of such securities is $1,675,300, representing 0.1% of the Fund’s net assets.
(H)	Non-income producing securities.
(I)	Rates disclosed reflect the yields at January 31, 2023.
(J)	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.

Transamerica Funds Page    17

Transamerica Intermediate Muni

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

MUNICIPAL INSURER ABBREVIATIONS:

AGC	Assured Guaranty Corp.
AGM	Assured Guaranty Municipal Corp.
AMBAC	AMBAC Financial Group, Inc.
BAM	Build America Mutual Assurance Co.
FHA	Federal Housing Administration
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
NATL	National Public Finance Guarantee Corp.

PORTFOLIO ABBREVIATIONS:

CR	Custodial Receipts
IBC	Insured Bond Certificate
ICC	Insured Custody Certificate
TCRS	Temporary Custodian Receipts

Transamerica Funds Page    18

Transamerica Intermediate Muni

NOTES TO SCHEDULE OF INVESTMENTS

At January 31, 2023

(unaudited)

INVESTMENT VALUATION

Transamerica Intermediate Muni (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.

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 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:

Municipal government obligations: The fair value of municipal government obligations and variable rate notes is estimated based on models that consider, among other factors, information received from market makers and broker-dealers, current trades, bid-want lists, offerings, market movements, the liquidity of the bond, state of issuance, benchmark yield curves, and bond or note insurance. 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 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.

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.

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.

Transamerica Funds Page    19