FOR VALIDATION PURPOSES ONLY


	Shares		Value
EXCHANGE-TRADED FUNDS - 52.4%
International Equity Funds - 23.8%
iShares Core MSCI EAFE ETF		2,541		$ 170,425
iShares Core MSCI Emerging Markets ETF		821		41,764
iShares Global REIT ETF ^(A)		1,766		43,903

				256,092

U.S. Equity Fund - 25.8%
iShares Core S&P 500 ETF		678		276,834

U.S. Fixed Income Funds - 2.8%
iShares 0-5 Year TIPS Bond ETF ^(A)		205		20,039
iShares Core U.S. Aggregate Bond ETF		101		10,122

				30,161

Total Exchange-Traded Funds (Cost $606,400)				563,087


INVESTMENT COMPANIES - 46.1%
International Equity Funds - 13.8%
Transamerica Emerging Markets Opportunities ^(B)		3,829		31,396
Transamerica International Focus ^(B)		7,106		58,056
Transamerica International Stock ^(B)		5,720		58,626

				148,078

U.S. Equity Funds - 29.4%
Transamerica Large Cap Value ^(B)		7,203		92,196
Transamerica Large Growth ^(B)		10,613		98,273
Transamerica Mid Cap Growth ^(B)		4,701		35,918


	Shares		Value

INVESTMENT COMPANIES (continued)
U.S. Equity Funds (continued)
Transamerica Mid Cap Value Opportunities ^(B)		3,081		$ 34,938
Transamerica Small Cap Growth ^(B)		4,424		27,782
Transamerica Small Cap Value ^(B)		4,540		26,879

				315,986

U.S. Fixed Income Funds - 2.9%
Transamerica Bond ^(B)		2,494		20,478
Transamerica High Yield Bond ^(B)		1,323		10,610

				31,088

Total Investment Companies (Cost $567,680)				495,152


OTHER INVESTMENT COMPANY - 2.1%
Securities Lending Collateral - 2.1%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 4.30% ^(C)		22,234		22,234

Total Other Investment Company (Cost $22,234)				22,234

Total Investments (Cost $1,196,314)				1,080,473
Net Other Assets (Liabilities) - (0.6)%				(6,012	)

Net Assets - 100.0%				$ 1,074,461

Transamerica ClearTrack^® 2060 (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 (“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:

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

Investment companies: Certain investment companies are valued at the NAV as the practical expedient. These investment companies are not included within the fair value hierarchy. Certain other investment companies are valued at the actively traded NAV and no valuation adjustments are applied. These investment companies are categorized in Level 1 of the fair value hierarchy.

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.


Affiliated Investments	Value October 31, 2022		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)		Value January 31, 2023		Shares as of January 31, 2023		Dividend Income		Net Capital Gain Distributions
Transamerica Bond	$	18,024	$	2,235	$	(800	)	$	(146	)	$	1,165	$	20,478		2,494	$	188	$	—
Transamerica Emerging Markets Opportunities		27,740		1,581		(4,296	)		(2,105	)		8,476		31,396		3,829		887		—
Transamerica High Yield Bond		10,530		746		(1,000	)		(179	)		513		10,610		1,323		147		—
Transamerica International Focus		52,235		3,651		(6,196	)		(1,886	)		10,252		58,056		7,106		1,010		—
Transamerica International Stock		52,349		3,899		(6,299	)		(1,323	)		10,000		58,626		5,720		1,458		—
Transamerica Large Cap Value		86,946		11,542		(6,000	)		(834	)		542		92,196		7,203		302		4,712
Transamerica Large Growth		81,656		18,389		(5,190	)		(6,393	)		9,811		98,273		10,613		—		1,171
Transamerica Mid Cap Growth		30,936		2,823		(976	)		(891	)		4,026		35,918		4,701		—		—
Transamerica Mid Cap Value Opportunities		31,527		3,679		(1,000	)		(413	)		1,145		34,938		3,081		366		1,736
Transamerica Small Cap Growth		23,668		3,620		—			—			494		27,782		4,424		—		971
Transamerica Small Cap Value		25,422		7,646		(3,500	)		(4,995	)		2,306		26,879		4,540		567		3,803

Total	$	441,033	$	59,811	$	(35,257	)	$	(19,165	)	$	48,730	$	495,152		55,034	$	4,925	$	12,393


	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	563,087	$	—	$	—	$	563,087
Investment Companies		495,152		—		—		495,152
Other Investment Company		22,234		—		—		22,234

Total Investments	$	1,080,473	$	—	$	—	$	1,080,473


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