Honeywell International, Inc.

HTML

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS

At July 31, 2023

(unaudited)


	Shares		Value
COMMON STOCKS - 60.6%
Aerospace & Defense - 0.8%
Howmet Aerospace, Inc.		13,968		$ 714,324
RTX Corp.		58,280		5,124,560
Textron, Inc.		36,099		2,807,419

				8,646,303

Air Freight & Logistics - 0.7%
FedEx Corp.		8,244		2,225,468
United Parcel Service, Inc., Class B		33,758		6,317,134

				8,542,602

Automobile Components - 0.1%
Aptiv PLC^(A)		14,668		1,605,999

Automobiles - 1.0%
Tesla, Inc.^(A)		45,313		12,118,056

Banks - 2.3%
Bank of America Corp.		256,385		8,204,320
Citigroup, Inc.		54,263		2,586,175
Fifth Third Bancorp		62,179		1,809,409
Truist Financial Corp.		102,116		3,392,293
US Bancorp		96,637		3,834,556
Wells Fargo & Co.		140,236		6,473,294

				26,300,047

Beverages - 1.6%
Coca-Cola Co.		135,611		8,398,389
Constellation Brands, Inc., Class A		9,034		2,464,475
Monster Beverage Corp.^(A)		24,247		1,393,960
PepsiCo, Inc.		31,577		5,919,425

				18,176,249

Biotechnology - 1.7%
AbbVie, Inc.		57,477		8,597,410
Biogen, Inc.^(A)		7,397		1,998,595
BioMarin Pharmaceutical, Inc.^(A)		5,621		494,254
Neurocrine Biosciences, Inc.^(A)		3,875		394,824
Regeneron Pharmaceuticals, Inc.^(A)		5,048		3,745,162
Sarepta Therapeutics, Inc.^(A)		5,714		619,340
Vertex Pharmaceuticals, Inc.^(A)		11,685		4,117,093

				19,966,678

Broadline Retail - 2.2%
Amazon.com, Inc.^(A)		189,675		25,355,754

Building Products - 0.5%
Masco Corp.		28,372		1,721,613
Trane Technologies PLC		22,700		4,527,288

				6,248,901

Capital Markets - 1.6%
Charles Schwab Corp.		12,835		848,394
CME Group, Inc.		22,801		4,536,487
Intercontinental Exchange, Inc.		24,889		2,857,257
Morgan Stanley		37,819		3,462,708
Raymond James Financial, Inc.		20,150		2,217,910
S&P Global, Inc.		8,477		3,344,261
State Street Corp.		13,981		1,012,784

				18,279,801


	Shares		Value
COMMON STOCKS (continued)
Chemicals - 1.3%
Air Products & Chemicals, Inc.		7,210		$ 2,201,429
Dow, Inc.		46,907		2,648,838
Eastman Chemical Co.		21,117		1,807,193
Linde PLC		12,435		4,857,982
LyondellBasell Industries NV, Class A		13,886		1,372,770
PPG Industries, Inc.		13,416		1,930,562

				14,818,774

Commercial Services & Supplies - 0.1%
Cintas Corp.		2,955		1,483,528

Communications Equipment - 0.1%
Motorola Solutions, Inc.		4,727		1,354,900

Consumer Finance - 0.1%
American Express Co.		9,756		1,647,593

Consumer Staples Distribution & Retail - 0.9%
Costco Wholesale Corp.		12,879		7,220,869
Walmart, Inc.		20,123		3,216,863

				10,437,732

Distributors - 0.1%
LKQ Corp.		11,249		616,333

Diversified Telecommunication Services - 0.0%^(B)
AT&T, Inc.		22,751		330,345

Electric Utilities - 0.8%
Constellation Energy Corp.		7,388		714,050
NextEra Energy, Inc.		78,671		5,766,584
PG&E Corp.^(A)		170,504		3,002,576

				9,483,210

Electrical Equipment - 0.4%
Eaton Corp. PLC		22,882		4,698,132

Electronic Equipment, Instruments & Components - 0.1%
Corning, Inc.		23,128		784,964
Keysight Technologies, Inc.^(A)		4,522		728,404

				1,513,368

Energy Equipment & Services - 0.1%
Baker Hughes Co.		32,169		1,151,328

Entertainment - 0.4%
Netflix, Inc.^(A)		10,740		4,714,538

Financial Services - 2.7%
Berkshire Hathaway, Inc., Class B^(A)		28,496		10,029,452
FleetCor Technologies, Inc.^(A)		10,102		2,514,489
Mastercard, Inc., Class A		27,072		10,673,948
Visa, Inc., Class A		32,350		7,690,566

				30,908,455

Food Products - 0.3%
Mondelez International, Inc., Class A		43,195		3,202,045

Ground Transportation - 0.6%
CSX Corp.		43,528		1,450,353
Norfolk Southern Corp.		8,144		1,902,357
Uber Technologies, Inc.^(A)		29,263		1,447,348
Union Pacific Corp.		10,268		2,382,381

				7,182,439


Transamerica Funds			Page 1

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)


	Shares		Value
COMMON STOCKS (continued)
Health Care Equipment & Supplies - 1.5%
Abbott Laboratories		38,541		$ 4,290,769
Baxter International, Inc.		42,136		1,905,811
Boston Scientific Corp.^(A)		57,527		2,982,775
Dexcom, Inc.^(A)		7,073		881,013
Intuitive Surgical, Inc.^(A)		9,290		3,013,676
Medtronic PLC		25,985		2,280,444
ResMed, Inc.		2,522		560,767
Stryker Corp.		5,883		1,667,301

				17,582,556

Health Care Providers & Services - 1.8%
Centene Corp.^(A)		28,488		1,939,748
CVS Health Corp.		13,659		1,020,191
Elevance Health, Inc.		6,871		3,240,570
Humana, Inc.		3,743		1,709,914
McKesson Corp.		3,337		1,342,809
UnitedHealth Group, Inc.		22,240		11,261,669

				20,514,901

Health Care REITs - 0.2%
Ventas, Inc.		54,129		2,626,339

Hotels, Restaurants & Leisure - 1.5%
Booking Holdings, Inc.^(A)		1,556		4,622,565
Chipotle Mexican Grill, Inc.^(A)		2,226		4,368,035
Domino’s Pizza, Inc.		2,341		928,768
Expedia Group, Inc.^(A)		18,806		2,304,299
Marriott International, Inc., Class A		11,950		2,411,630
Royal Caribbean Cruises Ltd.^(A)		3,832		418,110
Yum! Brands, Inc.		18,748		2,581,037

				17,634,444

Household Durables - 0.2%
Lennar Corp., Class A		5,116		648,862
Toll Brothers, Inc.		11,073		889,494
Whirlpool Corp.		2,713		391,378

				1,929,734

Household Products - 0.7%
Church & Dwight Co., Inc.		15,894		1,520,579
Colgate-Palmolive Co.		20,002		1,525,353
Procter & Gamble Co.		30,468		4,762,148

				7,808,080

Industrial Conglomerates - 0.6%
Honeywell International, Inc.		37,727		7,323,942

Industrial REITs - 0.4%
Prologis, Inc.		37,938		4,732,765

Insurance - 1.1%
Aflac, Inc.		20,428		1,477,762
Chubb Ltd.		1,701		347,701
Globe Life, Inc.		17,832		2,000,216
MetLife, Inc.		697		43,890
Progressive Corp.		40,788		5,138,472
Travelers Cos., Inc.		22,412		3,868,535

				12,876,576

Interactive Media & Services - 3.6%
Alphabet, Inc., Class A^(A)		108,880		14,450,554
Alphabet, Inc., Class C^(A)		90,503		12,046,854
Meta Platforms, Inc., Class A^(A)		47,134		15,016,892

				41,514,300


	Shares		Value
COMMON STOCKS (continued)
IT Services - 0.7%
Accenture PLC, Class A		16,671		$ 5,273,871
Cognizant Technology Solutions Corp., Class A		39,416		2,602,638

				7,876,509

Life Sciences Tools & Services - 0.9%
Danaher Corp.		16,820		4,290,109
Thermo Fisher Scientific, Inc.		11,575		6,350,740

				10,640,849

Machinery - 1.2%
Deere & Co.		12,300		5,284,080
Dover Corp.		11,025		1,609,319
Otis Worldwide Corp.		31,178		2,835,951
Parker-Hannifin Corp.		9,764		4,003,338

				13,732,688

Media - 0.8%
Charter Communications, Inc., Class A^(A)		8,757		3,548,249
Comcast Corp., Class A		115,792		5,240,746

				8,788,995

Metals & Mining - 0.2%
Freeport-McMoRan, Inc.		25,449		1,136,298
Nucor Corp.		6,690		1,151,282

				2,287,580

Multi-Utilities - 0.7%
Ameren Corp.		8,355		715,773
CenterPoint Energy, Inc.		54,265		1,632,834
CMS Energy Corp.		13,024		795,376
Dominion Energy, Inc.		22,661		1,213,496
Public Service Enterprise Group, Inc.		64,563		4,075,216

				8,432,695

Oil, Gas & Consumable Fuels - 2.5%
Chevron Corp.		20,500		3,355,030
ConocoPhillips		57,687		6,790,914
Diamondback Energy, Inc.		26,188		3,858,016
EOG Resources, Inc.		38,278		5,072,983
Exxon Mobil Corp.		81,725		8,764,189
Marathon Oil Corp.		53,461		1,404,421

				29,245,553

Passenger Airlines - 0.1%
Delta Air Lines, Inc.		11,931		551,928
Southwest Airlines Co.		32,355		1,105,247

				1,657,175

Personal Care Products - 0.0%^(B)
Kenvue, Inc.^(A)		6,576		155,720

Pharmaceuticals - 2.1%
Bristol-Myers Squibb Co.		94,334		5,866,631
Eli Lilly & Co.		13,654		6,206,426
Johnson & Johnson		49,703		8,326,744
Merck & Co., Inc.		31,249		3,332,706

				23,732,507

Professional Services - 0.2%
Booz Allen Hamilton Holding Corp.		5,385		652,016
Leidos Holdings, Inc.		15,749		1,473,004

				2,125,020


Transamerica Funds			Page 2

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)


	Shares		Value
COMMON STOCKS (continued)
Residential REITs - 0.4%
Equity LifeStyle Properties, Inc.		18,344		$ 1,305,726
Sun Communities, Inc.		11,686		1,522,686
UDR, Inc.		36,135		1,477,199

				4,305,611

Semiconductors & Semiconductor Equipment - 5.0%
Advanced Micro Devices, Inc.^(A)		51,368		5,876,499
Analog Devices, Inc.		31,180		6,221,346
Broadcom, Inc.		1,342		1,205,988
Lam Research Corp.		8,993		6,461,381
NVIDIA Corp.		45,316		21,175,714
NXP Semiconductors NV		29,034		6,474,001
Qorvo, Inc.^(A)		12,616		1,388,012
Teradyne, Inc.		15,987		1,805,572
Texas Instruments, Inc.		40,926		7,366,680

				57,975,193

Software - 6.1%
Adobe, Inc.^(A)		16,177		8,835,392
Cadence Design Systems, Inc.^(A)		5,608		1,312,328
DocuSign, Inc.^(A)		4,878		262,534
Intuit, Inc.		9,010		4,610,417
Microsoft Corp.		144,112		48,410,103
Oracle Corp.		26,424		3,097,686
Salesforce, Inc.^(A)		11,534		2,595,265
ServiceNow, Inc.^(A)		2,997		1,747,251

				70,870,976

Specialized REITs - 0.4%
Equinix, Inc.		2,440		1,976,205
SBA Communications Corp.		10,193		2,231,757

				4,207,962

Specialty Retail - 1.7%
AutoNation, Inc.^(A)		7,833		1,260,956
AutoZone, Inc.^(A)		1,467		3,640,683
Best Buy Co., Inc.		26,549		2,204,895
Burlington Stores, Inc.^(A)		6,287		1,116,697
Lowe’s Cos., Inc.		31,856		7,462,905
O’Reilly Automotive, Inc.^(A)		1,136		1,051,697
TJX Cos., Inc.		27,405		2,371,355

				19,109,188

Technology Hardware, Storage & Peripherals - 4.8%
Apple, Inc.		272,448		53,522,410
Seagate Technology Holdings PLC		34,401		2,184,463

				55,706,873

Textiles, Apparel & Luxury Goods - 0.3%
NIKE, Inc., Class B		29,038		3,205,505

Tobacco - 0.3%
Altria Group, Inc.		22,509		1,022,359
Philip Morris International, Inc.		20,153		2,009,657

				3,032,016

Wireless Telecommunication Services - 0.1%
T-Mobile US, Inc.^(A)		11,359		1,564,929

Total Common Stocks (Cost $368,384,003)				701,980,291


	Shares		Value
PREFERRED STOCKS - 0.1%
Banks - 0.1%
Citigroup Capital XIII,
3-Month Term SOFR + 6.63%, 12.00%^(C)		29,988		$ 869,352

Electric Utilities - 0.0%^(B)
SCE Trust III,
Series H, Fixed until 03/15/2024, 5.75%^(C)		960		22,560

Total Preferred Stocks (Cost $872,517)				891,912


	Principal		Value
ASSET-BACKED SECURITIES - 2.0%
321 Henderson Receivables VI LLC
Series 2010-1A, Class A,
5.56%, 07/15/2059^(D)		$ 143,504		140,837
Accelerated LLC
Series 2021-1H, Class A,
1.35%, 10/20/2040^(D)		226,089		203,541
BRE Grand Islander Timeshare Issuer LLC
Series 2017-1A, Class A,
2.94%, 05/25/2029^(D)		103,581		101,011
BXG Receivables Note Trust
Series 2023-A, Class A,
5.77%, 11/15/2038^(D)		1,027,321		1,014,848
CIFC Funding Ltd.
Series 2013-2A, Class A1L2,
3-Month Term SOFR + 1.26%, 6.57%^(C), 10/18/2030 ^(D)		2,436,515		2,426,893
Diamond Resorts Owner Trust
Series 2019-1A, Class A,
2.89%, 02/20/2032^(D)		62,500		59,233
Ford Credit Auto Owner Trust
Series 2019-1, Class A,
3.52%, 07/15/2030^(D)		770,000		762,563
GM Financial Consumer Automobile Receivables Trust
Series 2023-1, Class A2A,
5.19%, 03/16/2026		480,000		478,276
GoodLeap Sustainable Home Solutions Trust
Series 2021-4GS, Class A,
1.93%, 07/20/2048^(D)		753,279		569,399
Series 2021-5CS, Class A,
2.31%, 10/20/2048^(D)		880,112		669,669
Series 2022-1GS, Class A,
2.70%, 01/20/2049^(D)		1,153,579		916,772
ICG US CLO Ltd.
Series 2014-1A, Class A1A2,
3-Month Term SOFR + 1.46%, 6.79%^(C), 10/20/2034 ^(D)		2,200,000		2,164,015
JG Wentworth XXII LLC
Series 2010-3A, Class A,
3.82%, 12/15/2048^(D)		230,347		226,588
JGWPT XXVIII LLC
Series 2013-1A, Class A,
3.22%, 04/15/2067^(D)		631,231		540,060
Laurel Road Prime Student Loan Trust
Series 2018-B, Class A2FX,
3.54%, 05/26/2043^(D)		24,677		24,285


Transamerica Funds			Page 3

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)


	Principal		Value
ASSET-BACKED SECURITIES (continued)
MVW LLC
Series 2021-1WA, Class A,
1.14%, 01/22/2041^(D)		$ 424,011		$ 385,057
MVW Owner Trust
Series 2019-1A, Class A,
2.89%, 11/20/2036^(D)		79,171		75,711
Series 2023-1A, Class A,
4.93%, 10/20/2040^(D)		858,206		841,336
New Residential Advance Receivables Trust
Series 2020-T1, Class AT1,
1.43%, 08/15/2053^(D)		1,950,000		1,944,593
NRZ Advance Receivables Trust
Series 2020-T2, Class AT2,
1.48%, 09/15/2053^(D)		1,900,000		1,884,461
Octagon Investment Partners 33 Ltd.
Series 2017-1A, Class A1,
3-Month Term SOFR + 1.45%, 6.78%^(C), 01/20/2031 ^(D)		777,420		775,751
Orange Lake Timeshare Trust
Series 2016-A, Class A,
2.61%, 03/08/2029^(D)		137,052		132,207
Series 2018-A, Class A,
3.10%, 11/08/2030^(D)		25,117		24,855
Series 2018-A, Class B,
3.35%, 11/08/2030^(D)		20,550		20,241
Series 2019-A, Class A,
3.06%, 04/09/2038^(D)		183,497		175,891
Palmer Square CLO Ltd.
Series 2015-2A, Class A1R2,
3-Month Term SOFR + 1.36%, 6.69%^(C), 07/20/2030 ^(D)		1,576,696		1,573,116
Sierra Timeshare Receivables Funding LLC
5.80%, 04/20/2040^(D)		880,000		883,802
Series 2020-2A, Class A,
1.33%, 07/20/2037^(D)		165,594		153,646
Series 2021-1A, Class A,
0.99%, 11/20/2037^(D)		517,882		480,386
Series 2023-1A, Class A,
5.20%, 01/20/2040^(D)		1,245,710		1,224,414
Trafigura Securitisation Finance PLC
Series 2021-1A, Class A2,
1.08%, 01/15/2025^(D)		1,300,000		1,211,492
Veridian Auto Receivables Trust
Series 2023-1A, Class A2,
5.97%, 08/17/2026^(D)		794,000		791,818
Wellfleet CLO Ltd.
Series 2016-2A, Class A1R,
3-Month Term SOFR + 1.40%, 6.73%^(C), 10/20/2028 ^(D)		239,166		238,491

Total Asset-Backed Securities (Cost $24,210,364)				23,115,258


CORPORATE DEBT SECURITIES - 13.0%
Aerospace & Defense - 0.3%
Boeing Co.
3.50%, 03/01/2039		1,494,000		1,132,461
5.15%, 05/01/2030		872,000		863,950


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Aerospace & Defense (continued)
HEICO Corp.
5.35%, 08/01/2033		$ 678,000		$ 673,696
Huntington Ingalls Industries, Inc.
2.04%, 08/16/2028		1,103,000		933,547

				3,603,654

Air Freight & Logistics - 0.1%
GXO Logistics, Inc.
2.65%, 07/15/2031		1,760,000		1,372,581

Automobile Components - 0.1%
Aptiv PLC/Aptiv Corp.
3.25%, 03/01/2032		554,000		473,882
BorgWarner, Inc.
3.38%, 03/15/2025		572,000		550,919

				1,024,801

Automobiles - 0.4%
BMW US Capital LLC
2.80%, 04/11/2026^(D)		806,000		762,250
Ford Motor Credit Co. LLC
3.38%, 11/13/2025		1,497,000		1,399,623
General Motors Co.
6.25%, 10/02/2043		262,000		257,175
General Motors Financial Co., Inc.
5.00%, 04/09/2027		755,000		741,286
Stellantis Finance US, Inc.
6.38%, 09/12/2032^(D)		661,000		678,208
Volkswagen Group of America Finance LLC
1.63%, 11/24/2027^(D)		644,000		554,218

				4,392,760

Banks - 2.1%
Bank of America Corp.
Fixed until 04/24/2027, 3.71%^(C), 04/24/2028		872,000		817,626
Fixed until 04/25/2033, 5.29%^(C), 04/25/2034		2,255,000		2,234,586
Barclays PLC
Fixed until 11/02/2025, 7.33%^(C), 11/02/2026		1,291,000		1,324,940
Citigroup, Inc.
Fixed until 05/25/2033, 6.17%^(C), 05/25/2034		812,000		823,632
Commerzbank AG
8.13%, 09/19/2023^(D)		1,955,000		1,952,657
Deutsche Bank AG
Fixed until 11/26/2024, 3.96%^(C), 11/26/2025		427,000		411,176
Fixed until 11/10/2032, 7.08%^(C), 02/10/2034		907,000		873,092
Fifth Third Bancorp
Fixed until 07/27/2028, 6.34%^(C), 07/27/2029		247,000		251,340
Goldman Sachs Group, Inc.
Fixed until 02/24/2032, 3.10%^(C), 02/24/2033		1,232,000		1,037,490
Intesa Sanpaolo SpA
5.02%, 06/26/2024^(D)		420,000		410,359
Fixed until 11/21/2032, 8.25%^(C), 11/21/2033^(D)		1,667,000		1,772,529
JPMorgan Chase & Co.
Fixed until 04/22/2026, 1.58%^(C), 04/22/2027		1,512,000		1,360,926
Fixed until 02/01/2027, 3.78%^(C), 02/01/2028		507,000		480,349


Transamerica Funds			Page 4

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Banks (continued)
JPMorgan Chase & Co. (continued)
Fixed until 06/01/2033, 5.35%^(C), 06/01/2034		$ 866,000		$ 871,281
Fixed until 09/14/2032, 5.72%^(C), 09/14/2033		1,013,000		1,027,940
Northern Trust Corp.
6.13%, 11/02/2032		1,247,000		1,298,144
PNC Financial Services Group, Inc.
Fixed until 01/24/2033, 5.07%^(C), 01/24/2034		876,000		845,653
Truist Financial Corp.
Fixed until 01/26/2033, 5.12%^(C), 01/26/2034		1,300,000		1,241,953
Fixed until 06/08/2033, 5.87%^(C), 06/08/2034		448,000		451,566
UBS Group AG
Fixed until 09/11/2024, 2.59%^(C), 09/11/2025^(D)		772,000		740,683
Fixed until 08/12/2032, 6.54%^(C), 08/12/2033^(D)		1,477,000		1,540,958
US Bancorp
Fixed until 06/10/2033, 5.84%^(C), 06/12/2034		1,170,000		1,185,490
Wells Fargo & Co.
Fixed until 07/25/2033, 5.56%^(C), 07/25/2034		1,185,000		1,189,969
Fixed until 06/15/2024^(E), 5.90%^(C)		513,000		507,716

				24,652,055

Beverages - 0.2%
Anheuser-Busch InBev Worldwide, Inc.
4.44%, 10/06/2048		888,000		788,878
Constellation Brands, Inc.
3.15%, 08/01/2029		575,000		518,160
3.70%, 12/06/2026		152,000		145,456
Diageo Capital PLC
5.50%, 01/24/2033		471,000		495,403

				1,947,897

Biotechnology - 0.3%
AbbVie, Inc.
3.20%, 05/14/2026		403,000		383,794
4.05%, 11/21/2039		733,000		637,084
Amgen, Inc.
2.00%, 01/15/2032		440,000		348,017
5.60%, 03/02/2043		473,000		469,696
CSL Finance PLC
4.63%, 04/27/2042^(D)		513,000		469,946
Gilead Sciences, Inc.
4.15%, 03/01/2047		177,000		151,581
Royalty Pharma PLC
2.20%, 09/02/2030		683,000		549,455

				3,009,573

Building Products - 0.2%
Carlisle Cos., Inc.
2.20%, 03/01/2032		784,000		620,070
3.75%, 12/01/2027		610,000		576,096
Lowe’s Cos., Inc.
3.75%, 04/01/2032		836,000		757,510

				1,953,676

Capital Markets - 0.3%
Charles Schwab Corp.
Fixed until 05/19/2033, 5.85%^(C), 05/19/2034		1,449,000		1,489,433


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Capital Markets (continued)
Morgan Stanley
Fixed until 04/21/2033, 5.25%^(C), 04/21/2034		$ 197,000		$ 194,209
Fixed until 07/21/2033, 5.42%^(C), 07/21/2034		593,000		592,276
Fixed until 10/18/2032, 6.34%^(C), 10/18/2033		791,000		840,836

				3,116,754

Chemicals - 0.1%
FMC Corp.
5.65%, 05/18/2033		476,000		458,975
International Flavors & Fragrances, Inc.
2.30%, 11/01/2030^(D)		928,000		738,780
Nutrien Ltd.
4.90%, 03/27/2028		514,000		505,078

				1,702,833

Commercial Services & Supplies - 0.6%
ADT Security Corp.
4.13%, 08/01/2029^(D)		793,000		687,927
Ashtead Capital, Inc.
4.25%, 11/01/2029^(D)		414,000		377,869
5.55%, 05/30/2033^(D)		628,000		610,291
Element Fleet Management Corp.
6.27%, 06/26/2026^(D)		1,327,000		1,332,921
General Electric Co.
4.13%, 10/09/2042		494,000		404,416
4.50%, 03/11/2044		826,000		728,480
Quanta Services, Inc.
2.90%, 10/01/2030		499,000		424,010
Republic Services, Inc.
5.00%, 04/01/2034		685,000		679,750
Triton Container International Ltd./TAL International Container Corp.
3.25%, 03/15/2032		1,623,000		1,259,011

				6,504,675

Consumer Staples Distribution & Retail - 0.1%
7-Eleven, Inc.
1.80%, 02/10/2031^(D)		1,001,000		789,792
Sysco Corp.
3.30%, 07/15/2026		945,000		899,337

				1,689,129

Containers & Packaging - 0.1%
Sonoco Products Co.
2.25%, 02/01/2027		665,000		593,848

Distributors - 0.0%^(B)
LKQ Corp.
6.25%, 06/15/2033^(D)		475,000		477,759

Diversified REITs - 0.6%
American Tower Trust #1
3.65%, 03/23/2028^(D)		508,000		471,262
Broadstone Net Lease LLC
2.60%, 09/15/2031		1,152,000		835,275
SBA Tower Trust
1.63%, 05/15/2051^(D)		2,058,000		1,786,611
1.88%, 07/15/2050^(D)		746,000		671,670
2.84%, 01/15/2050^(D)		2,715,000		2,586,053
VICI Properties LP
4.95%, 02/15/2030		1,256,000		1,188,216

				7,539,087


Transamerica Funds			Page 5

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Diversified Telecommunication Services - 0.2%
Sprint Capital Corp.
6.88%, 11/15/2028		$ 135,000		$ 143,154
Verizon Communications, Inc.
1.68%, 10/30/2030		976,000		766,394
2.99%, 10/30/2056		1,656,000		1,017,926

				1,927,474

Electric Utilities - 0.6%
Appalachian Power Co.
3.40%, 06/01/2025		736,000		706,175
Black Hills Corp.
4.25%, 11/30/2023		587,000		583,354
Cleveland Electric Illuminating Co.
5.95%, 12/15/2036		117,000		115,279
CMS Energy Corp.
3.88%, 03/01/2024		65,000		64,241
4.88%, 03/01/2044		141,000		128,219
DTE Electric Co.
4.30%, 07/01/2044		1,430,000		1,223,720
Duke Energy Corp.
3.75%, 04/15/2024 - 09/01/2046		1,717,000		1,444,373
Duke Energy Progress LLC
3.60%, 09/15/2047		1,237,000		939,415
Entergy Arkansas LLC
3.70%, 06/01/2024		192,000		188,634
Oncor Electric Delivery Co. LLC
5.30%, 06/01/2042		70,000		70,196
Pacific Gas & Electric Co.
2.50%, 02/01/2031		611,000		482,273
PacifiCorp
3.60%, 04/01/2024		833,000		820,999
Public Service Electric & Gas Co.
3.00%, 05/15/2025		424,000		407,187

				7,174,065

Electronic Equipment, Instruments & Components - 0.2%
Arrow Electronics, Inc.
2.95%, 02/15/2032		886,000		721,163
Keysight Technologies, Inc.
4.60%, 04/06/2027		724,000		713,304
Sensata Technologies BV
4.00%, 04/15/2029^(D)		200,000		176,748
Sensata Technologies, Inc.
4.38%, 02/15/2030^(D)		403,000		358,255
Trimble, Inc.
6.10%, 03/15/2033		722,000		732,784

				2,702,254

Energy Equipment & Services - 0.1%
Schlumberger Holdings Corp.
3.90%, 05/17/2028^(D)		1,207,000		1,147,407
Schlumberger Investment SA
3.65%, 12/01/2023		98,000		97,310

				1,244,717

Financial Services - 0.5%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
4.45%, 04/03/2026		1,120,000		1,074,881
4.50%, 09/15/2023		169,000		168,639
Aviation Capital Group LLC
1.95%, 01/30/2026^(D)		677,000		608,091
5.50%, 12/15/2024^(D)		1,296,000		1,273,193


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Financial Services (continued)
Avolon Holdings Funding Ltd.
2.88%, 02/15/2025^(D)		$ 969,000		$ 910,560
5.50%, 01/15/2026^(D)		1,240,000		1,208,127

				5,243,491

Food Products - 0.2%
Bunge Ltd. Finance Corp.
2.75%, 05/14/2031		957,000		808,544
Cargill, Inc.
5.13%, 10/11/2032^(D)		527,000		531,888
Viterra Finance BV
4.90%, 04/21/2027^(D)		878,000		849,183

				2,189,615

Health Care Equipment & Supplies - 0.1%
Alcon Finance Corp.
2.75%, 09/23/2026^(D)		600,000		553,379
5.75%, 12/06/2052^(D)		200,000		208,964
GE HealthCare Technologies, Inc.
5.86%, 03/15/2030		412,000		422,562

				1,184,905

Health Care Providers & Services - 0.6%
Centene Corp.
3.00%, 10/15/2030		875,000		730,849
3.38%, 02/15/2030		510,000		438,640
Cigna Group
2.40%, 03/15/2030		862,000		730,332
CVS Health Corp.
2.70%, 08/21/2040		858,000		594,465
5.25%, 01/30/2031		323,000		322,671
Elevance Health, Inc.
2.25%, 05/15/2030		721,000		603,711
5.13%, 02/15/2053		496,000		476,654
HCA, Inc.
4.13%, 06/15/2029		520,000		482,073
5.25%, 04/15/2025		230,000		227,979
5.50%, 06/15/2047		527,000		491,320
Laboratory Corp. of America Holdings
2.95%, 12/01/2029		532,000		467,676
Molina Healthcare, Inc.
4.38%, 06/15/2028^(D)		362,000		331,953
UnitedHealth Group, Inc.
5.20%, 04/15/2063		769,000		756,343

				6,654,666

Health Care REITs - 0.1%
Physicians Realty LP
2.63%, 11/01/2031		951,000		740,876
Ventas Realty LP
3.25%, 10/15/2026		930,000		857,287

				1,598,163

Hotels, Restaurants & Leisure - 0.1%
Hyatt Hotels Corp.
1.80%, 10/01/2024		417,000		399,336
Warnermedia Holdings, Inc.
5.05%, 03/15/2042		1,176,000		978,176

				1,377,512

Insurance - 0.6%
Aon Corp./Aon Global Holdings PLC
5.00%, 09/12/2032		1,133,000		1,118,115
Equitable Holdings, Inc.
5.59%, 01/11/2033		1,284,000		1,268,888


Transamerica Funds			Page 6

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Insurance (continued)
Global Atlantic Finance Co.
7.95%, 06/15/2033^(D)		$ 1,163,000		$ 1,164,476
Muenchener Rueckversicherungs-Gesellschaft AG
Fixed until 11/23/2031, 5.88%^(C), 05/23/2042 ^(D)		600,000		599,250
Ohio National Financial Services, Inc.
6.80%, 01/24/2030^(D)		1,642,000		1,526,240
Prudential Financial, Inc.
Fixed until 07/01/2030, 3.70%^(C), 10/01/2050		977,000		834,755

				6,511,724

Interactive Media & Services - 0.3%
Baidu, Inc.
4.38%, 05/14/2024		1,990,000		1,965,622
Meta Platforms, Inc.
4.80%, 05/15/2030		775,000		777,066
Tencent Holdings Ltd.
3.28%, 04/11/2024^(D)		742,000		729,453

				3,472,141

Internet & Catalog Retail - 0.1%
Expedia Group, Inc.
2.95%, 03/15/2031		57,000		47,987
3.80%, 02/15/2028		685,000		643,543

				691,530

Machinery - 0.1%
CNH Industrial Capital LLC
4.55%, 04/10/2028		710,000		688,585

Media - 0.2%
Charter Communications Operating LLC/Charter Communications Operating Capital
4.80%, 03/01/2050		562,000		425,256
Clear Channel Outdoor Holdings, Inc.
5.13%, 08/15/2027^(D)		827,000		759,608
Comcast Corp.
2.94%, 11/01/2056		372,000		239,203
NBCUniversal Media LLC
4.45%, 01/15/2043		456,000		405,986
Paramount Global
4.20%, 05/19/2032^(F)		340,000		282,694

				2,112,747

Metals & Mining - 0.3%
Anglo American Capital PLC
4.50%, 03/15/2028^(D)		1,293,000		1,234,588
ArcelorMittal SA
6.55%, 11/29/2027		1,054,000		1,088,250
Glencore Funding LLC
2.63%, 09/23/2031^(D)		837,000		671,289

				2,994,127

Office REITs - 0.1%
Corporate Office Properties LP
2.25%, 03/15/2026		314,000		279,477
Highwoods Realty LP
4.13%, 03/15/2028		482,000		432,670
Office Properties Income Trust
3.45%, 10/15/2031		191,000		100,484

				812,631


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Oil, Gas & Consumable Fuels - 1.1%
Boardwalk Pipelines LP
3.40%, 02/15/2031		$ 390,000		$ 337,023
Chevron USA, Inc.
3.25%, 10/15/2029		654,000		604,582
Energy Transfer LP
4.90%, 02/01/2024		356,000		353,360
5.15%, 02/01/2043		559,000		479,278
5.55%, 02/15/2028		445,000		446,759
5.95%, 10/01/2043		499,000		469,423
7.60%, 02/01/2024		397,000		398,424
Enterprise Products Operating LLC
4.25%, 02/15/2048		1,656,000		1,388,431
Kinder Morgan Energy Partners LP
4.15%, 02/01/2024		772,000		764,913
Occidental Petroleum Corp.
5.55%, 03/15/2026		1,184,000		1,177,784
ONEOK, Inc.
6.10%, 11/15/2032		1,043,000		1,063,562
Ovintiv, Inc.
6.25%, 07/15/2033		689,000		695,267
Petroleos Mexicanos
6.50%, 01/23/2029^(F)		385,000		320,068
6.84%, 01/23/2030		892,000		719,058
6.88%, 08/04/2026		340,000		316,534
7.69%, 01/23/2050		95,000		65,957
Pioneer Natural Resources Co.
2.15%, 01/15/2031		871,000		712,658
Plains All American Pipeline LP/PAA Finance Corp.
3.55%, 12/15/2029		637,000		562,416
Sabine Pass Liquefaction LLC
4.20%, 03/15/2028		573,000		544,774
Shell International Finance BV
2.50%, 09/12/2026		714,000		666,043
3.75%, 09/12/2046		351,000		284,157
Western Midstream Operating LP
6.15%, 04/01/2033		703,000		712,940
Williams Cos., Inc.
5.40%, 03/04/2044		97,000		88,981

				13,172,392

Passenger Airlines - 0.1%
American Airlines Pass-Through Trust
3.20%, 12/15/2029		535,688		481,870
United Airlines Pass-Through Trust
3.75%, 03/03/2028		558,528		524,659

				1,006,529

Personal Care Products - 0.1%
Haleon US Capital LLC
3.38%, 03/24/2027		448,000		421,447
Kenvue, Inc.
5.00%, 03/22/2030^(D)		1,149,000		1,157,910

				1,579,357

Pharmaceuticals - 0.2%
Bayer US Finance II LLC
4.38%, 12/15/2028^(D)		716,000		684,325
Merck & Co., Inc.
5.00%, 05/17/2053		911,000		913,025


Transamerica Funds			Page 7

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Pharmaceuticals (continued)
Pfizer Investment Enterprises Pte Ltd.
5.11%, 05/19/2043		$ 765,000		$ 758,127
Viatris, Inc.
2.30%, 06/22/2027		425,000		373,274

				2,728,751

Professional Services - 0.1%
Equifax, Inc.
2.60%, 12/01/2024		879,000		840,425
5.10%, 12/15/2027		840,000		832,979

				1,673,404

Residential REITs - 0.0%^(B)
Invitation Homes Operating Partnership LP
4.15%, 04/15/2032		513,000		463,169

Retail REITs - 0.1%
Realty Income Corp.
4.90%, 07/15/2033		750,000		720,954
Simon Property Group LP
5.50%, 03/08/2033		707,000		705,790

				1,426,744

Semiconductors & Semiconductor Equipment - 0.5%
Advanced Micro Devices, Inc.
3.92%, 06/01/2032		1,238,000		1,163,535
Broadcom, Inc.
1.95%, 02/15/2028^(D)		464,000		400,661
Foundry JV Holdco LLC
5.88%, 01/25/2034^(D)		709,000		700,800
KLA Corp.
3.30%, 03/01/2050		730,000		540,093
Microchip Technology, Inc.
0.98%, 09/01/2024		684,000		649,191
NXP BV/NXP Funding LLC/NXP USA, Inc.
3.25%, 11/30/2051		401,000		266,168
3.40%, 05/01/2030		656,000		580,845
QUALCOMM, Inc.
3.25%, 05/20/2050		487,000		366,020
Skyworks Solutions, Inc.
1.80%, 06/01/2026		379,000		338,966
TSMC Global Ltd.
1.38%, 09/28/2030^(D)		1,611,000		1,261,257

				6,267,536

Software - 0.5%
Crowdstrike Holdings, Inc.
3.00%, 02/15/2029		140,000		120,870
Fiserv, Inc.
5.45%, 03/02/2028		733,000		740,220
Infor, Inc.
1.75%, 07/15/2025^(D)		945,000		867,113
Oracle Corp.
3.65%, 03/25/2041		601,000		460,151
6.90%, 11/09/2052		951,000		1,060,172
Rackspace Technology Global, Inc.
3.50%, 02/15/2028^(D)		763,000		341,283
Take-Two Interactive Software, Inc.
3.55%, 04/14/2025		1,217,000		1,175,424
Workday, Inc.
3.50%, 04/01/2027		944,000		896,297

				5,661,530

Specialized REITs - 0.1%
Weyerhaeuser Co.
4.00%, 04/15/2030		1,001,000		922,124


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Tobacco - 0.1%
BAT Capital Corp.
2.26%, 03/25/2028		$ 971,000		$ 838,893
Philip Morris International, Inc.
5.63%, 11/17/2029		807,000		824,945

				1,663,838

Wireless Telecommunication Services - 0.2%
America Movil SAB de CV
4.38%, 07/16/2042		300,000		261,738
Sprint LLC
7.88%, 09/15/2023		640,000		640,497
T-Mobile USA, Inc.
3.50%, 04/15/2031		830,000		729,653
3.88%, 04/15/2030		684,000		628,444

				2,260,332

Total Corporate Debt Securities (Cost $164,877,825)				150,987,135


FOREIGN GOVERNMENT OBLIGATIONS - 0.4%
Brazil - 0.1%
Brazil Government International Bonds
4.25%, 01/07/2025		330,000		323,320

Chile - 0.0%^(B)
Chile Government International Bonds
3.50%, 01/25/2050		400,000		300,440

Colombia - 0.1%
Colombia Government International Bonds
4.00%, 02/26/2024		235,000		231,477
4.50%, 01/28/2026		850,000		817,108

				1,048,585

Indonesia - 0.1%
Indonesia Government International Bonds
4.75%, 01/08/2026^(D)		1,035,000		1,028,818
5.38%, 10/17/2023^(D)		115,000		114,712

				1,143,530

Mexico - 0.1%
Mexico Government International Bonds
3.75%, 01/11/2028		1,126,000		1,066,976

Panama - 0.0%^(B)
Panama Government International Bonds
3.88%, 03/17/2028		315,000		297,162

Total Foreign Government Obligations (Cost $4,441,419)				4,180,013


MORTGAGE-BACKED SECURITIES - 2.3%
BB-UBS Trust
Series 2012-TFT, Class A,
2.89%, 06/05/2030^(D)		409,594		356,807
BB-UBS Trust, Interest Only STRIPS
Series 2012-SHOW, Class XA,
0.60%^(C), 11/05/2036^(D)		3,045,000		19,552
CIM Trust
Series 2021-R6, Class A1,
1.43%^(C), 07/25/2061^(D)		1,675,603		1,425,689
Citigroup Commercial Mortgage Trust
Series 2014-GC19, Class A3,
3.75%, 03/11/2047		68,151		67,879


Transamerica Funds			Page 8

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)


	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
Citigroup Commercial Mortgage Trust (continued)
Series 2014-GC19, Class A4,
4.02%, 03/11/2047		$ 220,000		$ 218,014
Series 2015-GC27, Class B,
3.77%, 02/10/2048		1,250,000		1,158,898
Citigroup Mortgage Loan Trust, Inc.
Series 2018-RP1, Class A1,
3.00%^(C), 09/25/2064^(D)		157,452		149,342
COMM Mortgage Trust
Series 2013-CR11, Class AM,
4.72%^(C), 08/10/2050		377,653		376,933
Series 2014-UBS2, Class A5,
3.96%, 03/10/2047		2,415,000		2,387,733
Series 2015-3BP, Class A,
3.18%, 02/10/2035^(D)		3,050,000		2,847,719
CSMC Trust
Series 2021-RPL2, Class A1A,
1.11%^(C), 01/25/2060^(D)		1,418,899		1,133,360
Series 2021-RPL6, Class A1,
2.00%^(C), 10/25/2060^(D)		1,149,545		990,507
Fontainebleau Miami Beach Trust
Series 2019-FBLU, Class B,
3.45%, 12/10/2036^(D)		1,250,000		1,190,703
Houston Galleria Mall Trust
Series 2015-HGLR, Class A1A2,
3.09%, 03/05/2037^(D)		700,000		653,767
MetLife Securitization Trust
Series 2019-1A, Class A1A,
3.75%^(C), 04/25/2058^(D)		61,036		58,184
Nationstar Mortgage Loan Trust
Series 2013-A, Class A,
3.75%^(C), 12/25/2052^(D)		78,979		72,411
New Residential Mortgage Loan Trust
Series 2014-1A, Class A,
3.75%^(C), 01/25/2054^(D)		39,502		36,806
Series 2014-2A, Class A3,
3.75%^(C), 05/25/2054^(D)		97,463		89,798
Series 2014-3A, Class AFX3,
3.75%^(C), 11/25/2054^(D)		75,310		68,779
Series 2015-2A, Class A1,
3.75%^(C), 08/25/2055^(D)		168,287		155,440
Series 2016-2A, Class A1,
3.75%^(C), 11/26/2035^(D)		109,342		102,095
Series 2016-3A, Class A1B,
3.25%^(C), 09/25/2056^(D)		118,818		107,469
Series 2016-4A, Class A1,
3.75%^(C), 11/25/2056^(D)		150,019		136,848
Series 2017-1A, Class A1,
4.00%^(C), 02/25/2057^(D)		337,844		315,698
Series 2017-2A, Class A3,
4.00%^(C), 03/25/2057^(D)		757,697		706,860
Series 2017-3A, Class A1,
4.00%^(C), 04/25/2057^(D)		477,629		447,890
Series 2017-4A, Class A1,
4.00%^(C), 05/25/2057^(D)		348,802		323,163
Series 2018-1A, Class A1A,
4.00%^(C), 12/25/2057^(D)		174,545		163,986
Series 2018-RPL1, Class A1,
3.50%^(C), 12/25/2057^(D)		250,130		233,417
Series 2019-4A, Class A1B,
3.50%^(C), 12/25/2058^(D)		899,456		824,904
Series 2019-5A, Class A1B,
3.50%^(C), 08/25/2059^(D)		799,044		734,603
OBX Trust
Series 2023-NQM4, Class A1,
6.11%, 03/25/2063^{(C) (D)}		867,083		862,652


	Principal		Value
MORTGAGE-BACKED SECURITIES (continued)
One Market Plaza Trust
Series 2017-1MKT, Class A,
3.61%, 02/10/2032^(D)		$ 938,000		$ 866,212
Towd Point Mortgage Trust
Series 2017-1, Class A1,
2.75%^(C), 10/25/2056^(D)		54,789		54,044
Series 2017-2, Class A1,
2.75%^(C), 04/25/2057^(D)		48,222		47,745
Series 2017-3, Class A1,
2.75%^(C), 07/25/2057^(D)		58,009		56,394
Series 2017-4, Class A1,
2.75%^(C), 06/25/2057^(D)		393,907		370,902
Series 2017-6, Class A1,
2.75%^(C), 10/25/2057^(D)		201,920		190,995
Series 2018-1, Class A1,
3.00%^(C), 01/25/2058^(D)		263,472		252,471
Series 2018-3, Class A1,
3.75%^(C), 05/25/2058^(D)		599,019		569,660
Series 2018-4, Class A1,
3.00%^(C), 06/25/2058^(D)		1,236,097		1,127,851
Series 2019-1, Class A1,
3.75%^(C), 03/25/2058^(D)		674,086		630,280
Series 2020-4, Class A1,
1.75%, 10/25/2060^(D)		1,015,169		881,867
Series 2021-1, Class A1,
2.25%^(C), 11/25/2061^(D)		1,945,090		1,735,009
Series 2023-1, Class A1,
3.75%, 01/25/2063^(D)		1,387,527		1,267,971
UBS-BAMLL Trust
Series 2012-WRM, Class A,
3.66%, 06/10/2030^(D)		17,746		16,492

Total Mortgage-Backed Securities (Cost $29,439,491)				26,485,799


U.S. GOVERNMENT AGENCY OBLIGATIONS - 9.8%
Federal Home Loan Mortgage Corp.
5.00%, 08/01/2035		97,474		97,451
5.50%, 06/01/2041		42,235		43,316
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
1.38%, 06/25/2030		2,547,000		2,055,547
2.81%, 01/25/2025		1,739,010		1,675,265
2.89%, 06/25/2027		209,784		205,967
3.01%, 07/25/2025		2,408,000		2,308,385
3.06%^(C), 08/25/2024		1,755,578		1,713,814
3.49%, 01/25/2024		1,096,915		1,086,132
Federal National Mortgage Association
3.33%^(C), 10/25/2023		26,695		26,545
3.50%, 07/01/2028 - 11/01/2028		100,277		96,229
12-Month LIBOR + 1.52%, 3.83%^(C), 02/01/2043		15,929		15,455
4.00%, 04/01/2026 - 06/01/2042		31,637		30,291
4.50%, 02/01/2025 - 08/01/2052		2,099,978		2,011,071
5.00%, 04/01/2039 - 04/01/2053		6,411,256		6,275,003
5.50%, 10/01/2036 - 03/01/2053		2,515,943		2,513,157
6.00%, 08/01/2036 - 06/01/2041		528,811		547,009
6.50%, 05/01/2040		47,533		49,407
Government National Mortgage Association, Interest Only STRIPS
Series 2012-120, Class IO,
0.64%^(C), 02/16/2053		222,782		3,493
Tennessee Valley Authority
5.88%, 04/01/2036		774,000		867,559


Transamerica Funds			Page 9

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)


	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Uniform Mortgage-Backed Security
TBA, 2.00%, 08/01/2038 - 08/01/2053^(G)		$ 13,890,000		$ 11,807,760
TBA, 2.50%, 08/01/2038 - 08/01/2053^(G)		25,169,000		21,467,775
TBA, 3.00%, 08/01/2038 - 08/01/2053^(G)		20,597,000		18,160,842
TBA, 3.50%, 08/01/2038 - 08/01/2053^(G)		16,319,000		14,919,537
TBA, 4.00%, 08/01/2053^(G)		8,632,000		8,057,770
TBA, 4.50%, 08/01/2053^(G)		7,917,000		7,579,909
TBA, 5.50%, 08/01/2053^(G)		10,131,000		10,063,005

Total U.S. Government Agency Obligations (Cost $115,139,160)				113,677,694


U.S. GOVERNMENT OBLIGATIONS - 10.0%
U.S. Treasury - 9.2%
U.S. Treasury Bonds
1.25%, 05/15/2050		4,168,000		2,266,513
1.88%, 02/15/2051 - 11/15/2051		5,715,000		3,656,168
2.00%, 02/15/2050		1,799,000		1,194,578
2.25%, 08/15/2046 - 02/15/2052		5,391,000		3,792,957
2.38%, 02/15/2042 - 05/15/2051		4,411,000		3,313,989
2.50%, 02/15/2045 - 05/15/2046		7,240,000		5,438,071
2.75%, 08/15/2042 - 11/15/2047		4,932,900		3,917,074
2.88%, 08/15/2045 - 05/15/2049		2,261,600		1,815,451
3.00%, 05/15/2042 - 08/15/2052		3,912,300		3,217,858
3.13%, 02/15/2042 - 05/15/2048		5,504,600		4,730,393
3.63%, 02/15/2044 - 05/15/2053		6,516,400		6,040,303
3.88%, 02/15/2043		730,000		696,466
4.00%, 11/15/2052		914,000		911,429
5.25%, 02/15/2029		780,000		819,031
U.S. Treasury Notes
0.25%, 08/31/2025		3,188,000		2,900,084
0.63%, 05/15/2030 - 08/15/2030		5,821,000		4,617,954
0.88%, 06/30/2026		435,200		392,615
1.13%, 02/15/2031		1,272,000		1,039,661
1.38%, 11/15/2031		2,913,000		2,381,719
1.50%, 01/31/2027 - 02/15/2030		3,789,100		3,292,403
1.63%, 02/15/2026 - 05/15/2031		13,736,600		11,959,068
1.88%, 02/15/2032		1,897,800		1,610,610
2.25%, 11/15/2025 - 11/15/2027		1,853,600		1,727,684
2.50%, 05/31/2024		367,000		358,312
2.63%, 02/15/2029		653,500		603,594
2.75%, 05/15/2025 - 02/15/2028		3,602,000		3,391,151
2.88%, 05/15/2028 - 05/15/2032		8,324,600		7,778,887
3.38%, 05/15/2033		9,175,400		8,745,303
3.50%, 01/31/2028 - 02/15/2033		5,454,000		5,280,309
3.63%, 05/31/2028		4,552,000		4,440,334
3.88%, 11/30/2027		1,051,400		1,034,602
4.13%, 09/30/2027 - 11/15/2032		2,467,200		2,483,938

				105,848,509

U.S. Treasury Inflation-Protected Securities - 0.8%
U.S. Treasury Inflation-Protected Indexed Bonds
0.25%, 02/15/2050		2,320,732		1,564,545
1.75%, 01/15/2028		1,088,693		1,077,816
2.50%, 01/15/2029		3,917,224		4,043,768
U.S. Treasury Inflation-Protected Indexed Notes
0.13%, 07/15/2030		2,996,063		2,687,475

				9,373,604

Total U.S. Government Obligations (Cost $129,933,712)				115,222,113


	Principal		Value
COMMERCIAL PAPER - 7.2%
Banks - 3.0%
Australia & New Zealand Banking Group Ltd.
5.80%^(H), 01/08/2024^(D)		$ 4,000,000		$ 3,902,541
Bedford Row Funding Corp.
5.78%^(H), 01/09/2024^(D)		4,500,000		4,386,722
Lloyds Bank PLC
5.85%^(H), 01/29/2024		4,800,000		4,661,195
Macquarie Bank Ltd.
5.21%^(H), 08/14/2023^(D)		3,000,000		2,993,740
5.37%^(H), 09/01/2023^(D)		1,250,000		1,244,023
National Bank of Canada
5.10%^(H), 08/01/2023^(D)		4,750,000		4,749,299
Skandinaviska Enskilda Banken AB
5.71%^(H), 12/13/2023^(D)		3,050,000		2,987,448
Svenska Handelsbanken AB
5.85%^(H), 01/24/2024^(D)		3,000,000		2,917,238
Toronto-Dominion Bank
5.38%^(H), 09/06/2023^(D)		4,750,000		4,724,179
Westpac Securities NZ Ltd.
5.38%^(H), 09/05/2023^(D)		2,310,000		2,297,870

				34,864,255

Financial Services - 3.6%
Anglesea Funding LLC
5.14%^(H), 08/03/2023^(D)		4,250,000		4,248,113
Barton Capital SA
5.64%^(H), 10/24/2023^(D)		4,200,000		4,145,657
CAFCO LLC
5.33%^(H), 08/28/2023^(D)		4,250,000		4,232,223
Chariot Funding LLC
5.61%^(H), 10/10/2023^(D)		4,235,000		4,189,446
Fairway Finance Co. LLC
5.46%^(H), 11/10/2023^(D)		4,250,000		4,183,831
Glencove Funding LLC
5.29%^(H), 08/17/2023^(D)		4,500,000		4,488,625
LMA-Americas LLC
5.19%^(H), 08/11/2023^(D)		2,500,000		2,495,886
Mont Blanc Capital Corp.
5.42%^(H), 09/13/2023^(D)		3,344,000		3,321,958
Ridgefield Funding Co. LLC
5.19%^(H), 08/10/2023^(D)		5,000,000		4,992,578
Thunder Bay Funding LLC
5.47%^(H), 11/15/2023^(D)		1,500,000		1,475,537
Victory Receivables Corp.
5.50%^(H), 11/07/2023^(D)		3,710,000		3,653,937

				41,427,791

Health Care Providers & Services - 0.4%
Columbia Funding Co. LLC
5.36%^(H), 09/05/2023^(D)		4,500,000		4,475,790

Software - 0.2%
Manhattan Asset Funding Co. LLC
5.75%^(H), 01/09/2024^(D)		2,800,000		2,728,785

Total Commercial Paper (Cost $83,524,534)				83,496,621


SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 0.9%
U.S. Treasury Bills
4.96%^(H), 09/07/2023		2,416,000		2,402,926
5.18%^(H), 09/07/2023		406,000		403,803
5.23%^(H), 09/14/2023		3,540,000		3,517,231


Transamerica Funds			Page 10

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)


	Principal		Value
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS (continued)
U.S. Treasury Bills (continued)
5.30%^(H), 09/07/2023		$ 1,761,000		$ 1,751,471
5.40%^(H), 10/19/2023		2,967,000		2,932,728

Total Short-Term U.S. Government Obligations (Cost $11,010,407)				11,008,159


	Shares		Value
OTHER INVESTMENT COMPANY - 0.1%
Securities Lending Collateral - 0.1%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 5.28%^(H)		618,800		618,800

Total Other Investment Company (Cost $618,800)				618,800


	Principal		Value
REPURCHASE AGREEMENT - 1.8%
Fixed Income Clearing Corp., 2.50%^(H), dated 07/31/2023, to be repurchased at $21,134,364 on 08/01/2023. Collateralized by a U.S. Government Obligation, 0.13%, due 07/15/2026, and with a value of $21,555,742.		$ 21,132,897		21,132,897

Total Repurchase Agreement (Cost $21,132,897)				21,132,897

Total Investments (Cost $953,585,129)				1,252,796,692
Net Other Assets (Liabilities) - (8.2)%				(94,967,224	)

Net Assets - 100.0%				$ 1,157,829,468


Transamerica Funds			Page 11

Transamerica Multi-Managed Balanced

SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

FUTURES CONTRACTS:

Long Futures Contracts


Description	Number of Contracts		Expiration Date		Notional Amount			Value			Unrealized Appreciation			Unrealized Depreciation
S&P 500^® E-Mini Index		40		09/15/2023		$	8,872,033		$	9,229,000		$	356,967		$	—

INVESTMENT VALUATION:

Valuation Inputs ^(I)


	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	701,980,291	$	—	$	—	$	701,980,291
Preferred Stocks		891,912		—		—		891,912
Asset-Backed Securities		—		23,115,258		—		23,115,258
Corporate Debt Securities		—		150,987,135		—		150,987,135
Foreign Government Obligations		—		4,180,013		—		4,180,013
Mortgage-Backed Securities		—		26,485,799		—		26,485,799
U.S. Government Agency Obligations		—		113,677,694		—		113,677,694
U.S. Government Obligations		—		115,222,113		—		115,222,113
Commercial Paper		—		83,496,621		—		83,496,621
Short-Term U.S. Government Obligations		—		11,008,159		—		11,008,159
Other Investment Company		618,800		—		—		618,800
Repurchase Agreement		—		21,132,897		—		21,132,897

Total Investments	$	703,491,003	$	549,305,689	$	—	$	1,252,796,692

Other Financial Instruments
Futures Contracts ^(J)	$	356,967	$	—	$	—	$	356,967

Total Other Financial Instruments	$	356,967	$	—	$	—	$	356,967

FOOTNOTES TO SCHEDULE OF INVESTMENTS:


(A)		Non-income producing securities.
(B)		Percentage rounds to less than 0.1% or (0.1)%.
(C)		Floating or variable rate securities. The rates disclosed are as of July 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.
(D)		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 July 31, 2023, the total value of 144A securities is $164,561,024, representing 14.2% of the Fund’s net assets.
(E)		Perpetual maturity. The date displayed is the next call date.
(F)		All or a portion of the securities are on loan. The total value of all securities on loan is $606,065, collateralized by cash collateral of $618,800. 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.
(G)		When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after July 31, 2023. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(H)		Rates disclosed reflect the yields at July 31, 2023.
(I)		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.
(J)		Derivative instruments are valued at unrealized appreciation (depreciation).

PORTFOLIO ABBREVIATIONS:


LIBOR		London Interbank Offered Rate
REIT		Real Estate Investment Trust
SOFR		Secured Overnight Financing Rate
STRIPS		Separate Trading of Registered Interest and Principal of Securities
TBA		To Be Announced


Transamerica Funds			Page 12

Transamerica Multi-Managed Balanced

NOTES TO SCHEDULE OF INVESTMENTS

At July 31, 2023

(unaudited)

INVESTMENT VALUATION

Transamerica Multi-Managed Balanced (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 and derivative instruments.

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value (“NAV”) per share, or its equivalent, using the “practical expedient” have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Fund’s investments at 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.

Asset-backed securities: The fair value of asset-backed securities is estimated based on models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.

Corporate debt securities: The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.


Transamerica Funds			Page 13

Transamerica Multi-Managed Balanced

NOTES TO SCHEDULE OF INVESTMENTS (continued)

At July 31, 2023

(unaudited)

Foreign government obligations: Foreign government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

Mortgage-backed securities: The fair value of mortgage-backed securities is estimated based on models that consider issuer type, coupon, cash flows, mortgage prepayment projection tables and adjustable rate mortgage evaluations that incorporate index data, periodic life caps and the next coupon reset date. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.

U.S. government agency obligations: U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced (“TBA”) securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.

U.S. government obligations: U.S. government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

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

Short-term notes: The Fund normally values short-term government and U.S. government agency securities using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers and reference data. Certain securities are valued by principally using dealer quotations. Short-term government and U.S. government agency securities generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.

Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.

Derivative instruments: Centrally cleared or listed derivatives that are actively traded are valued based on quoted prices from the exchange and are categorized in Level 1 of the fair value hierarchy. Over-the-counter (“OTC”) derivative contracts include forward, swap, swaption, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices. Depending on the product and the terms of the transaction, the fair value of the OTC derivative products are modeled taking into account the counterparties’ creditworthiness and using a series of techniques, including simulation models. Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments and the pricing inputs are observed from actively quoted markets, as is the case of interest rate swap and option contracts. The majority of OTC derivative products valued by the Fund using pricing models fall into this category and are categorized within Level 2 of the fair value hierarchy or Level 3 if inputs are unobservable.


Transamerica Funds			Page 14