Transamerica International Stock

SCHEDULE OF INVESTMENTS

At January 31, 2023

(unaudited)

	Shares		Value
COMMON STOCKS - 96.4%
Australia - 4.6%
BlueScope Steel Ltd.		51,253		$  698,911
Commonwealth Bank of Australia (A)		20,700		1,615,885
Computershare Ltd.		59,393		1,000,288
Mineral Resources Ltd. (A)		9,094		575,742
National Australia Bank Ltd. (A)		90,967		2,052,591
Nufarm Ltd.		130,661		549,798
Perseus Mining Ltd.		622,981		946,481
Scentre Group, REIT		171,142		371,345
South32 Ltd.		329,357		1,056,883
				8,867,924
Austria - 0.4%
voestalpine AG		23,151		769,229
Belgium - 0.4%
Anheuser-Busch InBev SA		12,587		759,773
China - 0.6%
Yangzijiang Shipbuilding Holdings Ltd.		1,198,700		1,181,740
Denmark - 4.6%
AP Moller - Maersk AS, Class B		370		804,858
Danske Bank AS		31,927		665,153
Genmab AS (B)		3,752		1,470,396
Novo Nordisk AS, Class B		39,739		5,499,471
Pandora AS		3,943		328,337
				8,768,215
Finland - 2.5%
Nokia OYJ		243,282		1,153,525
Nordea Bank Abp		302,153		3,532,285
				4,685,810
France - 11.8%
BNP Paribas SA		11,181		767,932
Capgemini SE		8,127		1,542,387
Cie de Saint-Gobain		34,506		1,981,720
Eiffage SA		14,529		1,551,851
Hermes International		794		1,485,978
LVMH Moet Hennessy Louis Vuitton SE		5,043		4,402,416
Pernod Ricard SA		9,146		1,893,496
Publicis Groupe SA		9,408		663,637
Remy Cointreau SA		3,997		752,592
Renault SA (B)		27,163		1,104,432
Rexel SA (B)		28,597		632,634
Sanofi		23,268		2,278,505
Societe Generale SA		15,771		469,449
TotalEnergies SE		36,123		2,233,151
Veolia Environnement SA		26,463		785,487
				22,545,667
Germany - 6.8%
Bayer AG		16,341		1,017,144
Bayerische Motoren Werke AG		14,892		1,516,968
Brenntag SE		6,270		468,043
Delivery Hero SE (B) (C)		8,155		493,026
Deutsche Post AG		50,123		2,158,130
Deutsche Telekom AG		110,146		2,453,921
Infineon Technologies AG		45,419		1,635,559

	Shares		Value
COMMON STOCKS (continued)
Germany (continued)
Mercedes-Benz Group AG		11,666		$   868,091
Merck KGaA		11,717		2,445,668
				13,056,550
Hong Kong - 1.9%
AIA Group Ltd.		125,200		1,415,717
CK Hutchison Holdings Ltd.		251,500		1,600,533
New World Development Co. Ltd.		177,000		529,036
				3,545,286
Israel - 0.7%
Teva Pharmaceutical Industries Ltd., ADR (B)		118,000		1,243,720
Italy - 1.8%
Enel SpA		99,380		585,161
Eni SpA		73,539		1,131,635
Ferrari NV		3,672		917,575
Leonardo SpA		81,660		840,946
				3,475,317
Japan - 23.3%
Canon, Inc. (A)		47,600		1,056,356
Cosmo Energy Holdings Co. Ltd.		16,700		468,334
Electric Power Development Co. Ltd.		43,300		698,798
FUJIFILM Holdings Corp.		36,000		1,905,161
Fujitsu Ltd.		12,000		1,708,552
Honda Motor Co. Ltd.		44,500		1,100,775
Ibiden Co. Ltd.		15,900		620,559
Inpex Corp.		43,200		474,709
ITOCHU Corp. (A)		94,900		3,067,341
Japan Tobacco, Inc.		32,500		662,737
KDDI Corp.		27,500		859,194
Marubeni Corp.		180,800		2,218,159
Mitsubishi Corp.		52,700		1,764,710
Mitsubishi UFJ Financial Group, Inc.		132,500		970,547
Mitsui & Co. Ltd.		33,400		985,391
Mizuho Financial Group, Inc.		47,890		748,063
Murata Manufacturing Co. Ltd.		10,800		617,117
Nintendo Co. Ltd.		51,300		2,224,254
Nippon Telegraph & Telephone Corp.		141,200		4,233,955
Nippon Yusen KK (A)		31,300		744,591
Olympus Corp. (A)		38,300		720,025
Ono Pharmaceutical Co. Ltd. (A)		31,300		679,169
Otsuka Holdings Co. Ltd.		23,100		741,057
Renesas Electronics Corp. (B)		49,900		513,276
Sekisui Chemical Co. Ltd.		94,900		1,329,386
Sekisui House Ltd. (A)		37,500		708,722
Seven & i Holdings Co. Ltd.		44,100		2,082,089
SoftBank Group Corp.		12,400		587,042
Sony Group Corp.		19,100		1,706,614
Sumitomo Mitsui Financial Group, Inc.		74,200		3,224,811
Sysmex Corp.		14,700		975,860
Takeda Pharmaceutical Co. Ltd.		20,200		635,035
Toyota Motor Corp.		243,800		3,580,377
				44,612,766
Netherlands - 6.5%
ASML Holding NV		6,010		3,976,502
ASR Nederland NV		10,325		488,698
Heineken NV		5,222		521,881
Just Eat Takeaway.com NV (A) (B) (C)		36,816		944,462
Koninklijke Ahold Delhaize NV (A)		66,217		1,976,376
NN Group NV		29,472		1,280,502
Prosus NV (B)		10,257		828,204

Transamerica Funds Page    1

Transamerica International Stock

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Netherlands (continued)
Signify NV (C)		18,232		$   660,097
Stellantis NV		111,551		1,753,692
				12,430,414
Norway - 0.6%
Equinor ASA		36,908		1,124,832
Singapore - 0.7%
DBS Group Holdings Ltd.		48,400		1,325,011
Spain - 3.2%
Banco Bilbao Vizcaya Argentaria SA		103,587		731,715
Banco Santander SA (A)		623,294		2,178,375
Cellnex Telecom SA (A) (B) (C)		10,425		408,535
Iberdrola SA		139,660		1,638,458
Repsol SA		31,151		511,712
Telefonica SA		161,440		613,314
				6,082,109
Sweden - 1.5%
Atlas Copco AB, A Shares		105,233		1,248,701
SSAB AB, B Shares		237,576		1,619,001
				2,867,702
Switzerland - 8.0%
Alcon, Inc.		32,926		2,484,547
Cie Financiere Richemont SA, Class A		5,593		862,201
Glencore PLC		62,086		415,783
Nestle SA		20,779		2,535,226
Novartis AG		10,516		950,741
Roche Holding AG		6,507		2,031,293
Sonova Holding AG		4,663		1,166,084
Swiss Life Holding AG		3,446		2,039,507
UBS Group AG		93,730		2,000,702
Zurich Insurance Group AG		1,700		840,698
				15,326,782
United Kingdom - 16.5%
3i Group PLC		122,395		2,387,893
Anglo American PLC		16,123		695,391
Ashtead Group PLC		12,359		814,072
AstraZeneca PLC		20,506		2,686,541
BAE Systems PLC		73,299		775,946
Barclays PLC		612,562		1,408,152
Bellway PLC		12,573		328,855
BP PLC		194,852		1,176,954
British American Tobacco PLC		45,682		1,751,165
Coca-Cola Europacific Partners PLC		26,054		1,464,756
Compass Group PLC		38,570		921,360
Diageo PLC		39,627		1,732,733
GSK PLC		49,355		866,921
Halma PLC		27,874		742,118
HSBC Holdings PLC		407,547		3,002,947
Imperial Brands PLC		90,807		2,278,005
Lloyds Banking Group PLC		1,271,940		827,773
RELX PLC		52,332		1,554,726
Rio Tinto PLC		20,811		1,629,527
Shell PLC		56,243		1,651,168
SSE PLC (A)		89,647		1,913,486
Standard Chartered PLC		112,167		942,160
				31,552,649
Total Common Stocks (Cost $164,269,637)				184,221,496

	Shares		Value
PREFERRED STOCK - 1.2%
Germany - 1.2%
Volkswagen AG, 18.25% (D)		16,168		$   2,242,351
Total Preferred Stock (Cost $2,491,571)				2,242,351
EXCHANGE-TRADED FUND - 1.0%
United States - 1.0%
iShares MSCI EAFE ETF (A)		26,100		1,867,455
Total Exchange-Traded Fund (Cost $1,899,528)				1,867,455
OTHER INVESTMENT COMPANY - 5.4%
Securities Lending Collateral - 5.4%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 4.30% (D)		10,378,332		10,378,332
Total Other Investment Company (Cost $10,378,332)				10,378,332
Total Investments (Cost $179,039,068)				198,709,634
Net Other Assets (Liabilities) - (4.0)%				(7,623,474	)
Net Assets - 100.0%				$  191,086,160

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Transamerica International Stock

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Banks		12.3	%		$	24,462,849
Pharmaceuticals		10.6				21,075,265
Automobiles		6.6				13,084,261
Trading Companies & Distributors		4.6				9,136,278
Oil, Gas & Consumable Fuels		4.4				8,772,495
Metals & Mining		4.2				8,406,948
Diversified Telecommunication Services		3.9				7,709,725
Beverages		3.6				7,125,231
Textiles, Apparel & Luxury Goods		3.6				7,078,932
Semiconductors & Semiconductor Equipment		3.1				6,125,337
Insurance		3.1				6,065,122
Health Care Equipment & Supplies		2.7				5,346,516
Tobacco		2.4				4,691,907
Capital Markets		2.2				4,388,595
IT Services		2.1				4,251,227
Electric Utilities		2.1				4,137,105
Household Durables		2.0				4,073,577
Food & Staples Retailing		2.0				4,058,465
Technology Hardware, Storage & Peripherals		1.5				2,961,517
Food Products		1.3				2,535,226
Machinery		1.2				2,430,441
Internet & Direct Marketing Retail		1.1				2,265,692
Entertainment		1.1				2,224,254
Air Freight & Logistics		1.1				2,158,130
Building Products		1.0				1,981,720
Electronic Equipment, Instruments & Components		1.0				1,979,794
International Equity Funds		0.9				1,867,455
Aerospace & Defense		0.8				1,616,892
Industrial Conglomerates		0.8				1,600,533
Professional Services		0.8				1,554,726
Construction & Engineering		0.8				1,551,851
Marine		0.8				1,549,449
Biotechnology		0.7				1,470,396
Wireless Telecommunication Services		0.7				1,446,236
Communications Equipment		0.6				1,153,525
Hotels, Restaurants & Leisure		0.5				921,360
Commercial Services & Supplies		0.4				814,072
Multi-Utilities		0.4				785,487
Independent Power & Renewable Electricity Producers		0.4				698,798
Media		0.3				663,637
Electrical Equipment		0.3				660,097
Chemicals		0.3				549,798
Real Estate Management & Development		0.3				529,036
Equity Real Estate Investment Trusts		0.2				371,345
Investments		94.8				188,331,302
Short-Term Investments		5.2				10,378,332
Total Investments		100.0	%		$	198,709,634

Transamerica Funds Page    3

Transamerica International Stock

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2023

(unaudited)

INVESTMENT VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	2,708,476	$	181,513,020	$	—	$	184,221,496
Preferred Stock		—		2,242,351		—		2,242,351
Exchange-Traded Fund		1,867,455		—		—		1,867,455
Other Investment Company		10,378,332		—		—		10,378,332
Total Investments	$	14,954,263	$	183,755,371	$	—	$	198,709,634

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 $11,078,140, collateralized by cash collateral of $10,378,332 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $1,208,476. 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)	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 $2,506,120, representing 1.3% of the Fund’s net assets.
(D)	Rates disclosed reflect the yields at January 31, 2023.
(E)	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.

PORTFOLIO ABBREVIATIONS:
ADR	American Depositary Receipt
REIT	Real Estate Investment Trust

Transamerica Funds Page    4

Transamerica International Stock

NOTES TO SCHEDULE OF INVESTMENTS

At January 31, 2023

(unaudited)

INVESTMENT VALUATION

Transamerica International Stock (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:

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.

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.

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.

Transamerica Funds Page    5