NPORT-EX 2 NPORT_I0DE_24786566_0723.htm FOR VALIDATION PURPOSES ONLY - [604880.I0DE]

Transamerica Large Core ESG

 

SCHEDULE OF INVESTMENTS

At July 31, 2023

(unaudited)

 

     Shares      Value  
COMMON STOCKS - 98.1%  
Aerospace & Defense - 0.7%  

Axon Enterprise, Inc. (A)

      475        $  88,317  

General Dynamics Corp.

      1,356        303,174  

Northrop Grumman Corp.

      543        241,635  

Textron, Inc.

      7,230        562,277  
     

 

 

  
        1,195,403  
     

 

 

  
Air Freight & Logistics - 0.8%  

CH Robinson Worldwide, Inc.

      925        92,666  

Expeditors International of Washington, Inc.

      980        124,754  

United Parcel Service, Inc., Class B

      6,428        1,202,872  
     

 

 

  
        1,420,292  
     

 

 

  
Automobile Components - 0.1%  

BorgWarner, Inc.

      3,733        173,585  
     

 

 

  
Automobiles - 2.0%  

Tesla, Inc. (A)

      12,665        3,387,001  

Thor Industries, Inc.

      1,873        216,313  
     

 

 

  
        3,603,314  
     

 

 

  
Banks - 2.9%  

Bank of America Corp.

      47,338        1,514,816  

Citigroup, Inc.

      10,639        507,055  

JPMorgan Chase & Co.

      16,762        2,647,725  

PNC Financial Services Group, Inc.

      676        92,538  

Regions Financial Corp.

      10,004        203,781  

US Bancorp

      4,920        195,226  
     

 

 

  
        5,161,141  
     

 

 

  
Beverages - 1.3%  

Coca-Cola Co.

      19,143        1,185,526  

PepsiCo, Inc.

      6,325        1,185,685  
     

 

 

  
        2,371,211  
     

 

 

  
Biotechnology - 1.6%  

Amgen, Inc.

      3,412        798,920  

Biogen, Inc. (A)

      437        118,073  

Gilead Sciences, Inc.

      4,533        345,142  

Mirati Therapeutics, Inc. (A)

      4,881        147,748  

Regeneron Pharmaceuticals, Inc. (A)

      764        566,819  

Vertex Pharmaceuticals, Inc. (A)

      2,776        978,096  
     

 

 

  
        2,954,798  
     

 

 

  
Broadline Retail - 3.3%  

Amazon.com, Inc. (A)

      39,357        5,261,244  

eBay, Inc.

      8,108        360,887  

Etsy, Inc. (A)

      2,942        299,054  
     

 

 

  
        5,921,185  
     

 

 

  
Building Products - 0.4%  

Lennox International, Inc.

      592        217,525  

Trane Technologies PLC

      2,678        534,100  
     

 

 

  
        751,625  
     

 

 

  
Capital Markets - 2.2%  

Ameriprise Financial, Inc.

      2,211        770,423  

BlackRock, Inc.

      282        208,356  

Goldman Sachs Group, Inc.

      2,835        1,008,892  

Intercontinental Exchange, Inc.

      887        101,828  
     Shares      Value  
COMMON STOCKS (continued)  
Capital Markets (continued)  

Janus Henderson Group PLC

      4,318        $   126,733  

LPL Financial Holdings, Inc.

      2,406        551,840  

Moody’s Corp.

      729        257,155  

Morgan Stanley

      2,029        185,775  

Nasdaq, Inc.

      4,805        242,604  

Robinhood Markets, Inc., Class A (A)

      15,254        196,166  

S&P Global, Inc.

      694        273,790  
     

 

 

  
        3,923,562  
     

 

 

  
Chemicals - 1.4%  

Dow, Inc.

      10,450        590,111  

Linde PLC

      2,642        1,032,150  

LyondellBasell Industries NV, Class A

      6,552        647,731  

Mosaic Co.

      3,352        136,628  

PPG Industries, Inc.

      598        86,052  
     

 

 

  
        2,492,672  
     

 

 

  
Commercial Services & Supplies - 1.1%  

Cintas Corp.

      1,650        828,366  

Copart, Inc. (A)

      6,308        557,564  

Waste Management, Inc.

      3,470        568,351  
     

 

 

  
        1,954,281  
     

 

 

  
Communications Equipment - 1.5%  

Arista Networks, Inc. (A)

      542        84,059  

Cisco Systems, Inc.

      44,286        2,304,643  

Juniper Networks, Inc.

      5,793        161,045  

Motorola Solutions, Inc.

      660        189,176  
     

 

 

  
        2,738,923  
     

 

 

  
Consumer Finance - 0.5%  

American Express Co.

      4,163        703,047  

Discover Financial Services

      1,978        208,778  
     

 

 

  
        911,825  
     

 

 

  
Consumer Staples Distribution & Retail - 1.0%  

Kroger Co.

      14,841        721,866  

Performance Food Group Co. (A)

      5,567        332,684  

Sysco Corp.

      7,164        546,685  

Target Corp.

      1,040        141,929  

US Foods Holding Corp. (A)

      2,197        93,878  
     

 

 

  
        1,837,042  
     

 

 

  
Containers & Packaging - 0.3%  

AptarGroup, Inc.

      1,366        165,914  

Avery Dennison Corp.

      661        121,631  

Graphic Packaging Holding Co.

      10,252        248,098  
     

 

 

  
        535,643  
     

 

 

  
Distributors - 0.4%  

Genuine Parts Co.

      532        82,843  

LKQ Corp.

      10,649        583,459  
     

 

 

  
        666,302  
     

 

 

  
Diversified Telecommunication Services - 1.0%  

Verizon Communications, Inc.

      54,899        1,870,958  
     

 

 

  
Electric Utilities - 0.7%  

Duke Energy Corp.

      10,452        978,517  

Entergy Corp.

      1,726        177,260  

Eversource Energy

      2,270        164,189  
     

 

 

  
        1,319,966  
     

 

 

  
Electrical Equipment - 0.1%  

Acuity Brands, Inc.

      1,426        235,632  
     

 

 

  
 

 

Transamerica Funds

     Page    1         

Transamerica Large Core ESG

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

 

     Shares      Value  
COMMON STOCKS (continued)  
Electronic Equipment, Instruments & Components - 0.1%  

Teledyne Technologies, Inc. (A)

      665        $   255,712  
     

 

 

  
Energy Equipment & Services - 0.3%  

Halliburton Co.

      4,587        179,260  

Schlumberger NV

      7,452        434,750  
     

 

 

  
        614,010  
     

 

 

  
Entertainment - 0.7%  

Electronic Arts, Inc.

      4,163        567,625  

Netflix, Inc. (A)

      954        418,777  

Walt Disney Co. (A)

      3,849        342,138  
     

 

 

  
        1,328,540  
     

 

 

  
Financial Services - 4.3%  

Berkshire Hathaway, Inc., Class B (A)

      653        229,830  

Fidelity National Information Services, Inc.

      2,780        167,856  

Fiserv, Inc. (A)

      6,134        774,172  

Mastercard, Inc., Class A

      5,276        2,080,221  

PayPal Holdings, Inc. (A)

      6,762        512,695  

Visa, Inc., Class A

      14,420        3,428,067  

Voya Financial, Inc.

      2,360        175,254  

WEX, Inc. (A)

      1,563        295,954  
     

 

 

  
        7,664,049  
     

 

 

  
Food Products - 1.8%  

Archer-Daniels-Midland Co.

      5,958        506,192  

Campbell Soup Co.

      5,635        258,196  

General Mills, Inc.

      8,145        608,757  

Hershey Co.

      3,169        733,021  

Ingredion, Inc.

      1,578        175,568  

J.M. Smucker Co.

      2,202        331,731  

Kraft Heinz Co.

      5,481        198,303  

Mondelez International, Inc., Class A

      5,043        373,838  
     

 

 

  
        3,185,606  
     

 

 

  
Ground Transportation - 1.3%  

CSX Corp.

      26,213        873,417  

Schneider National, Inc., Class B

      11,468        353,329  

Union Pacific Corp.

      4,954        1,149,427  
     

 

 

  
        2,376,173  
     

 

 

  
Health Care Equipment & Supplies - 2.3%  

Abbott Laboratories

      4,916        547,298  

Align Technology, Inc. (A)

      944        356,728  

Becton Dickinson & Co.

      1,303        363,042  

Cooper Cos., Inc.

      661        258,623  

DENTSPLY SIRONA, Inc.

      2,815        116,879  

Dexcom, Inc. (A)

      2,208        275,029  

Edwards Lifesciences Corp. (A)

      4,017        329,675  

Hologic, Inc. (A)

      5,111        405,916  

IDEXX Laboratories, Inc. (A)

      739        409,945  

Insulet Corp. (A)

      596        164,943  

Integra LifeSciences Holdings Corp. (A)

      3,063        139,275  

Intuitive Surgical, Inc. (A)

      1,525        494,710  

Zimmer Biomet Holdings, Inc.

      1,575        217,586  
     

 

 

  
        4,079,649  
     

 

 

  
Health Care Providers & Services - 4.4%  

AmerisourceBergen Corp.

      1,270        237,363  

Cardinal Health, Inc.

      3,105        284,014  

Centene Corp. (A)

      2,597        176,830  

Cigna Group

      1,892        558,329  

CVS Health Corp.

      6,929        517,527  

Elevance Health, Inc.

      2,198        1,036,643  
     Shares      Value  
COMMON STOCKS (continued)  
Health Care Providers & Services (continued)  

HCA Healthcare, Inc.

      1,155        $   315,096  

Humana, Inc.

      1,363        622,659  

Laboratory Corp. of America Holdings

      1,130        241,741  

McKesson Corp.

      828        333,187  

UnitedHealth Group, Inc.

      7,012        3,550,666  
     

 

 

  
        7,874,055  
     

 

 

  
Health Care REITs - 0.6%  

Healthpeak Properties, Inc.

      34,696        757,414  

Ventas, Inc.

      5,917        287,093  
     

 

 

  
        1,044,507  
     

 

 

  
Hotel & Resort REITs - 0.3%  

Host Hotels & Resorts, Inc.

      33,268        612,131  
     

 

 

  
Hotels, Restaurants & Leisure - 1.8%  

Booking Holdings, Inc. (A)

      312        926,890  

Caesars Entertainment, Inc. (A)

      1,725        101,810  

Hilton Worldwide Holdings, Inc.

      6,966        1,083,143  

Starbucks Corp.

      6,202        629,937  

Yum! Brands, Inc.

      2,914        401,170  
     

 

 

  
        3,142,950  
     

 

 

  
Household Durables - 0.6%  

D.R. Horton, Inc.

      717        91,073  

Leggett & Platt, Inc.

      7,586        221,966  

NVR, Inc. (A)

      75        472,983  

PulteGroup, Inc.

      2,930        247,263  
     

 

 

  
        1,033,285  
     

 

 

  
Household Products - 2.2%  

Colgate-Palmolive Co.

      14,403        1,098,373  

Kimberly-Clark Corp.

      2,553        329,592  

Procter & Gamble Co.

      16,520        2,582,076  
     

 

 

  
        4,010,041  
     

 

 

  
Independent Power & Renewable Electricity Producers - 0.1%  

AES Corp.

      4,130        89,332  
     

 

 

  
Industrial Conglomerates - 1.6%  

3M Co.

      11,440        1,275,560  

Honeywell International, Inc.

      8,162        1,584,489  
     

 

 

  
        2,860,049  
     

 

 

  
Industrial REITs - 0.2%  

Prologis, Inc.

      2,536        316,366  
     

 

 

  
Insurance - 2.8%  

Hartford Financial Services Group, Inc.

      9,161        658,493  

Marsh & McLennan Cos., Inc.

      7,706        1,451,965  

Progressive Corp.

      7,987        1,006,202  

Prudential Financial, Inc.

      6,203        598,527  

Travelers Cos., Inc.

      8,056        1,390,546  
     

 

 

  
        5,105,733  
     

 

 

  
Interactive Media & Services - 5.1%  

Alphabet, Inc., Class A (A)

      26,223        3,480,316  

Alphabet, Inc., Class C (A)

      19,690        2,620,936  

Meta Platforms, Inc., Class A (A)

      9,725        3,098,385  
     

 

 

  
        9,199,637  
     

 

 

  
IT Services - 1.2%  

Accenture PLC, Class A

      3,257        1,030,352  

DXC Technology Co. (A)

      8,387        231,901  

Gartner, Inc. (A)

      969        342,629  
 

 

Transamerica Funds

     Page    2         

Transamerica Large Core ESG

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

 

     Shares      Value  
COMMON STOCKS (continued)  
IT Services (continued)  

International Business Machines Corp.

      2,180        $   314,312  

VeriSign, Inc. (A)

      897        189,222  
     

 

 

  
        2,108,416  
     

 

 

  
Life Sciences Tools & Services - 0.7%  

Agilent Technologies, Inc.

      2,616        318,550  

Avantor, Inc. (A)

      8,477        174,372  

Mettler-Toledo International, Inc. (A)

      419        526,880  

West Pharmaceutical Services, Inc.

      516        189,909  
     

 

 

  
        1,209,711  
     

 

 

  
Machinery - 1.7%  

AGCO Corp.

      2,823        375,741  

Caterpillar, Inc.

      5,949        1,577,496  

Cummins, Inc.

      863        225,071  

Donaldson Co., Inc.

      2,775        174,353  

IDEX Corp.

      1,191        268,940  

Otis Worldwide Corp.

      5,253        477,813  
     

 

 

  
        3,099,414  
     

 

 

  
Media - 0.6%  

Cable One, Inc.

      221        159,991  

Fox Corp., Class B

      26,836        842,919  

Paramount Global, Class B

      8,003        128,288  
     

 

 

  
        1,131,198  
     

 

 

  
Metals & Mining - 0.9%  

Newmont Corp.

      3,096        132,880  

Nucor Corp.

      3,008        517,647  

Reliance Steel & Aluminum Co.

      2,161        632,871  

Steel Dynamics, Inc.

      2,419        257,817  
     

 

 

  
        1,541,215  
     

 

 

  
Multi-Utilities - 1.0%  

Consolidated Edison, Inc.

      11,489        1,089,847  

Dominion Energy, Inc.

      4,097        219,394  

NiSource, Inc.

      6,284        174,947  

Sempra

      1,083        161,389  

WEC Energy Group, Inc.

      1,611        144,764  
     

 

 

  
        1,790,341  
     

 

 

  
Office REITs - 0.2%  

Cousins Properties, Inc.

      14,565        355,823  
     

 

 

  
Oil, Gas & Consumable Fuels - 4.3%  

Cheniere Energy, Inc.

      2,139        346,219  

Chevron Corp.

      15,434        2,525,928  

ConocoPhillips

      10,017        1,179,201  

EOG Resources, Inc.

      2,065        273,675  

Marathon Petroleum Corp.

      4,202        558,950  

Occidental Petroleum Corp.

      1,478        93,306  

ONEOK, Inc.

      12,680        850,067  

Phillips 66

      6,448        719,274  

Pioneer Natural Resources Co.

      2,991        674,979  

Range Resources Corp.

      2,967        93,253  

Valero Energy Corp.

      3,455        445,384  
     

 

 

  
        7,760,236  
     

 

 

  
Passenger Airlines - 0.3%  

Delta Air Lines, Inc.

      9,693        448,398  
     

 

 

  
Pharmaceuticals - 3.5%  

Bristol-Myers Squibb Co.

      22,048        1,371,165  

Eli Lilly & Co.

      1,262        573,642  

Johnson & Johnson

      12,786        2,142,038  
     Shares      Value  
COMMON STOCKS (continued)  
Pharmaceuticals (continued)  

Merck & Co., Inc.

      9,560        $   1,019,574  

Pfizer, Inc.

      33,644        1,213,203  
     

 

 

  
        6,319,622  
     

 

 

  
Professional Services - 0.6%  

Automatic Data Processing, Inc.

      1,998        494,025  

Paychex, Inc.

      3,523        442,031  

Robert Half, Inc.

      2,846        211,031  
     

 

 

  
        1,147,087  
     

 

 

  
Residential REITs - 0.0% (B)  

AvalonBay Communities, Inc.

      456        86,024  
     

 

 

  
Retail REITs - 0.1%  

Regency Centers Corp.

      1,833        120,117  
     

 

 

  
Semiconductors & Semiconductor Equipment - 7.3%  

Advanced Micro Devices, Inc. (A)

      5,069        579,894  

Applied Materials, Inc.

      4,758        721,265  

Broadcom, Inc.

      3,091        2,777,727  

Enphase Energy, Inc. (A)

      891        135,280  

Intel Corp.

      9,062        324,148  

Lam Research Corp.

      1,156        830,574  

Lattice Semiconductor Corp. (A)

      1,370        124,588  

Micron Technology, Inc.

      2,629        187,684  

NVIDIA Corp.

      11,416        5,334,583  

NXP Semiconductors NV

      811        180,837  

ON Semiconductor Corp. (A)

      3,360        362,040  

Qorvo, Inc. (A)

      6,481        713,040  

Skyworks Solutions, Inc.

      1,754        200,605  

Texas Instruments, Inc.

      3,477        625,860  
     

 

 

  
        13,098,125  
     

 

 

  
Software - 10.8%  

Adobe, Inc. (A)

      3,126        1,707,327  

ANSYS, Inc. (A)

      355        121,446  

Autodesk, Inc. (A)

      2,661        564,105  

Cadence Design Systems, Inc. (A)

      3,150        737,131  

Dynatrace, Inc. (A)

      4,681        256,004  

Fair Isaac Corp. (A)

      115        96,367  

Intuit, Inc.

      1,983        1,014,701  

Manhattan Associates, Inc. (A)

      557        106,175  

Microsoft Corp.

      33,131        11,129,366  

Oracle Corp.

      6,079        712,641  

Palo Alto Networks, Inc. (A)

      1,745        436,180  

Salesforce, Inc. (A)

      4,875        1,096,924  

ServiceNow, Inc. (A)

      353        205,799  

Synopsys, Inc. (A)

      2,087        942,907  

VMware, Inc., Class A (A)

      1,751        276,010  
     

 

 

  
        19,403,083  
     

 

 

  
Specialized REITs - 0.2%  

Iron Mountain, Inc.

      4,996        306,754  
     

 

 

  
Specialty Retail - 2.5%  

AutoZone, Inc. (A)

      171        424,374  

Burlington Stores, Inc. (A)

      562        99,822  

Home Depot, Inc.

      4,819        1,608,775  

Lowe’s Cos., Inc.

      2,593        607,462  

TJX Cos., Inc.

      16,768        1,450,935  

Ulta Beauty, Inc. (A)

      797        354,506  
     

 

 

  
        4,545,874  
     

 

 

  
 

 

Transamerica Funds

     Page    3         

Transamerica Large Core ESG

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

 

     Shares      Value  
COMMON STOCKS (continued)  
Technology Hardware, Storage & Peripherals - 7.6%  

Apple, Inc.

      68,655        $   13,487,275  

Hewlett Packard Enterprise Co.

      7,944        138,067  
     

 

 

  
        13,625,342  
     

 

 

  
Textiles, Apparel & Luxury Goods - 0.3%  

Deckers Outdoor Corp. (A)

      181        98,408  

Lululemon Athletica, Inc. (A)

      227        85,926  

Tapestry, Inc.

      6,389        275,686  
     

 

 

  
        460,020  
     

 

 

  
Trading Companies & Distributors - 0.5%  

Core & Main, Inc., Class A (A)

      13,462        425,534  

United Rentals, Inc.

      920        427,505  
     

 

 

  
        853,039  
     

 

 

  

Total Common Stocks
(Cost $128,925,434)

 

      176,241,024  
  

 

 

  
EXCHANGE-TRADED FUND - 1.6%  
U.S. Equity Fund - 1.6%  

SPDR S&P 500 ETF Trust

      6,405        2,932,145  
     

 

 

  

Total Exchange-Traded Fund
(Cost $2,660,140)

 

      2,932,145  
  

 

 

  

Total Investments
(Cost $131,585,574)

 

      179,173,169  

Net Other Assets (Liabilities) - 0.3%

         542,078  
     

 

 

  

Net Assets - 100.0%

         $  179,715,247  
     

 

 

  
 

 

Transamerica Funds

     Page    4         

Transamerica Large Core ESG

 

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

 

INVESTMENT VALUATION:

 

Valuation Inputs (C)

 

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

ASSETS

            

Investments

 

Common Stocks

    $ 176,241,024      $ —        $ —        $ 176,241,024  

Exchange-Traded Fund

      2,932,145        —          —          2,932,145  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Investments

    $     179,173,169      $     —        $ —        $     179,173,169  
  

 

 

     

 

 

     

 

 

     

 

 

  

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

 

(A)      Non-income producing securities.
(B)      Percentage rounds to less than 0.1% or (0.1)%.
(C)      There were no transfers in or out of Level 3 during the period ended July 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 ABBREVIATION:

 

REIT

    Real Estate Investment Trust

 

Transamerica Funds

     Page    5         

Transamerica Large Core ESG

 

NOTES TO SCHEDULE OF INVESTMENTS

At July 31, 2023

(unaudited)

 

INVESTMENT VALUATION

Transamerica Large Core ESG (the “Fund”) is a series of the Transamerica Funds.

Transamerica Asset Management, Inc. (“TAM”) has been designated as the Fund’s valuation designee pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, 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 July 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.

 

 

Transamerica Funds

     Page    6