NPORT-EX 2 NPORT_I5CW_28774465_0124.htm HTML

Transamerica Core Bond

 

SCHEDULE OF INVESTMENTS

At January 31, 2024

(unaudited)

 

     Principal      Value  
ASSET-BACKED SECURITIES - 5.2%  

321 Henderson Receivables VI LLC

      

Series 2010-1A, Class A,

      

5.56%, 07/15/2059 (A)

      $ 3,088,147        $ 3,085,415  

Accelerated LLC

      

Series 2021-1H, Class A,

      

1.35%, 10/20/2040 (A)

      557,719        511,746  

Avis Budget Rental Car Funding AESOP LLC

      

Series 2023-7A, Class A,

      

5.90%, 08/21/2028 (A)

      5,935,000        6,082,368  

Series 2024-1A, Class A,

      

5.36%, 06/20/2030 (A)

      4,860,000        4,917,749  

BXG Receivables Note Trust

      

Series 2023-A, Class A,

      

5.77%, 11/15/2038 (A)

      5,250,919        5,281,876  

Chase Issuance Trust

      

Series 2023-A1, Class A,

      

5.16%, 09/15/2028

      5,200,000        5,281,996  

CIFC Funding Ltd.

      

Series 2013-2A, Class A1L2,

      

3-Month Term SOFR + 1.26%,
6.56% (B), 10/18/2030 (A)

      5,519,819        5,527,657  

Series 2017-3A, Class A1,

      

3-Month Term SOFR + 1.48%,
6.80% (B), 07/20/2030 (A)

      8,147,552        8,155,797  

Diameter Capital CLO 1 Ltd.

      

Series 2021-1A, Class A1A,

      

3-Month Term SOFR + 1.50%,
6.82% (B), 07/15/2036 (A)

      4,000,000        4,000,432  

First National Master Note Trust

      

Series 2023-2, Class A,

      

5.77%, 09/15/2029

      5,315,000        5,436,998  

GM Financial Consumer Automobile Receivables Trust

      

Series 2023-1, Class A2A,

      

5.19%, 03/16/2026

      2,067,424        2,063,878  

GoodLeap Sustainable Home Solutions Trust

      

Series 2021-4GS, Class A,

      

1.93%, 07/20/2048 (A)

      8,478,922        6,506,572  

Series 2021-5CS, Class A,

      

2.31%, 10/20/2048 (A)

      3,291,249        2,610,470  

Series 2022-1GS, Class A,

      

2.70%, 01/20/2049 (A)

      4,292,747        3,489,727  

Hertz Vehicle Financing III LLC

      

Series 2023-3A, Class A,

      

5.94%, 02/25/2028 (A)

      4,730,000        4,821,291  

Honda Auto Receivables Owner Trust

      

Series 2022-2, Class A2,

      

3.81%, 03/18/2025

      1,018,409        1,015,541  

ICG US CLO Ltd.

      

Series 2014-1A, Class A1A2,

      

3-Month Term SOFR + 1.46%,
6.78% (B), 10/20/2034 (A)

      7,305,000        7,272,076  

JG Wentworth XXI LLC

      

Series 2010-2A, Class A,

      

4.07%, 01/15/2048 (A)

      265,762        263,944  

JG Wentworth XXII LLC

      

Series 2010-3A, Class A,

      

3.82%, 12/15/2048 (A)

      346,732        345,553  
     Principal      Value  
ASSET-BACKED SECURITIES (continued)  

JGWPT XXVIII LLC

      

Series 2013-1A, Class A,

      

3.22%, 04/15/2067 (A)

      $  848,405        $  769,042  

Laurel Road Prime Student Loan Trust

      

Series 2018-B, Class A2FX,

      

3.54%, 05/26/2043 (A)

      54,980        54,691  

MVW LLC

      

Series 2022-1A, Class A,

      

4.15%, 11/21/2039 (A)

       5,027,532        4,878,942  

MVW Owner Trust

      

Series 2019-1A, Class A,

      

2.89%, 11/20/2036 (A)

      254,277        245,463  

Series 2023-1A, Class A,

      

4.93%, 10/20/2040 (A)

      4,329,568        4,302,787  

Octagon Investment Partners 33 Ltd.

      

Series 2017-1A, Class A1,

      

3-Month Term SOFR + 1.45%,
6.77% (B), 01/20/2031 (A)

      3,023,677        3,027,965  

Orange Lake Timeshare Trust

      

Series 2018-A, Class A,

      

3.10%, 11/08/2030 (A)

      432,979        421,501  

Series 2018-A, Class B,

      

3.35%, 11/08/2030 (A)

      354,253        344,720  

Series 2019-A, Class A,

      

3.06%, 04/09/2038 (A)

      315,985        307,129  

Palmer Square CLO Ltd.

      

Series 2015-2A, Class A1R2,

      

3-Month Term SOFR + 1.36%,
6.68% (B), 07/20/2030 (A)

      4,657,871        4,659,763  

RAAC Trust

      

Series 2007-RP4, Class A,

      

1-Month Term SOFR + 0.46%,
6.15% (B), 11/25/2046 (A)

      370,028        351,662  

Sierra Timeshare Receivables Funding LLC

      

Series 2019-1A, Class A,

      

3.20%, 01/20/2036 (A)

      538,822        536,025  

Series 2019-1A, Class B,

      

3.42%, 01/20/2036 (A)

      1,224,596        1,217,164  

Series 2021-1A, Class A,

      

0.99%, 11/20/2037 (A)

      1,560,421        1,474,692  

Series 2023-1A, Class A,

      

5.20%, 01/20/2040 (A)

      4,440,263        4,453,616  

Series 2023-2A, Class A,

      

5.80%, 04/20/2040 (A)

      2,886,464        2,932,066  

Series 2023-3A, Class A,

      

6.10%, 09/20/2040 (A)

      4,965,573        5,083,450  

Trafigura Securitisation Finance PLC

      

Series 2021-1A, Class A2,

      

1.08%, 01/15/2025 (A)

      4,500,000        4,349,394  

Veridian Auto Receivables Trust

      

Series 2023-1A, Class A2,

      

5.97%, 08/17/2026 (A)

      3,660,828        3,660,603  

Wellfleet CLO Ltd.

      

Series 2016-2A, Class A1R,

      

3-Month Term SOFR + 1.40%,
6.72% (B), 10/20/2028 (A)

      582,306        582,450  
     

 

 

  

Total Asset-Backed Securities
(Cost $121,642,667)

 

       120,324,211  
     

 

 

  
 

 

Transamerica Funds

     Page 1      

Transamerica Core Bond

 

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES - 34.2%  
Aerospace & Defense - 0.7%  

Boeing Co.

      

3.50%, 03/01/2039

      $ 7,305,000        $ 5,753,466  

5.15%, 05/01/2030

      1,802,000        1,803,923  

5.93%, 05/01/2060

      2,602,000        2,594,710  

HEICO Corp.

      

5.35%, 08/01/2033

      6,105,000        6,197,060  
     

 

 

  
        16,349,159  
     

 

 

  
Automobile Components - 0.1%  

Aptiv PLC/Aptiv Corp.

      

3.25%, 03/01/2032

      3,121,000        2,748,637  
     

 

 

  
Automobiles - 1.2%  

BMW US Capital LLC

      

2.80%, 04/11/2026 (A)

      3,641,000        3,502,665  

Ford Motor Credit Co. LLC

      

3.38%, 11/13/2025

      6,702,000        6,431,927  

6.95%, 03/06/2026

      885,000        905,255  

General Motors Co.

      

6.25%, 10/02/2043

      1,445,000        1,479,651  

General Motors Financial Co., Inc.

      

5.00%, 04/09/2027

      2,983,000        2,978,851  

Nissan Motor Acceptance Co. LLC

      

7.05%, 09/15/2028 (A)

      5,048,000        5,306,029  

Stellantis Finance US, Inc.

      

6.38%, 09/12/2032 (A) (C)

      3,512,000        3,768,914  

Volkswagen Group of America Finance LLC

      

1.63%, 11/24/2027 (A)

      3,463,000        3,073,770  
     

 

 

  
        27,447,062  
     

 

 

  
Banks - 5.8%  

Bank of America Corp.

      

Fixed until 04/25/2033,
5.29% (B), 04/25/2034

      16,730,000        16,814,717  

Fixed until 01/23/2034,
5.47% (B), 01/23/2035

      2,836,000        2,887,005  

Barclays PLC

      

Fixed until 11/02/2025,
7.33% (B), 11/02/2026

      6,207,000        6,408,455  

Citigroup, Inc.

      

Fixed until 05/25/2033,
6.17% (B), 05/25/2034

      3,775,000        3,917,843  

Deutsche Bank AG

      

Fixed until 11/26/2024,
3.96% (B), 11/26/2025

      3,026,000        2,976,986  

Fixed until 11/10/2032,
7.08% (B), 02/10/2034

      3,941,000        4,017,773  

Fifth Third Bancorp

      

Fixed until 07/27/2028,
6.34% (B), 07/27/2029

      1,312,000        1,365,101  

Goldman Sachs Group, Inc.

      

Fixed until 10/21/2031,
2.65% (B), 10/21/2032

      6,603,000        5,521,464  

ING Groep NV

      

Fixed until 09/11/2033,
6.11% (B), 09/11/2034

      6,919,000        7,250,213  

Intesa Sanpaolo SpA

      

5.02%, 06/26/2024 (A)

      2,745,000        2,728,119  

Fixed until 11/21/2032,
8.25% (B), 11/21/2033 (A)

      8,502,000        9,314,307  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Banks (continued)  

JPMorgan Chase & Co.

      

Fixed until 04/22/2026,
1.58% (B), 04/22/2027

      $  6,152,000        $  5,709,964  

Fixed until 01/23/2034,
5.34% (B), 01/23/2035

      2,848,000        2,893,112  

Fixed until 06/01/2033,
5.35% (B), 06/01/2034

      12,716,000        12,924,385  

Morgan Stanley

      

Fixed until 07/21/2033,
5.42% (B), 07/21/2034

      4,554,000        4,611,922  

Fixed until 01/18/2034,
5.47% (B), 01/18/2035

      2,139,000        2,181,162  

Fixed until 10/18/2032,
6.34% (B), 10/18/2033

      3,686,000        3,972,726  

PNC Financial Services Group, Inc.

      

Fixed until 01/22/2034,
5.68% (B), 01/22/2035 (C)

      800,000        819,996  

Fixed until 08/18/2033,
5.94% (B), 08/18/2034

      4,127,000        4,310,986  

Truist Financial Corp.

      

Fixed until 01/26/2033,
5.12% (B), 01/26/2034

      4,390,000        4,271,619  

Fixed until 10/28/2032,
6.12% (B), 10/28/2033

      2,532,000        2,632,326  

Fixed until 10/30/2028,
7.16% (B), 10/30/2029

      2,222,000        2,398,714  

UBS Group AG

      

Fixed until 09/11/2024,
2.59% (B), 09/11/2025 (A)

      4,526,000        4,442,238  

Fixed until 08/12/2032,
6.54% (B), 08/12/2033 (A)

      5,512,000        5,863,330  

US Bancorp

      

Fixed until 06/10/2033,
5.84% (B), 06/12/2034

      3,528,000        3,636,704  

Wells Fargo & Co.

      

Fixed until 07/25/2033,
5.56% (B), 07/25/2034

      6,178,000        6,298,724  

Fixed until 06/15/2024 (D), 5.90% (B)

      2,943,000        2,931,566  
     

 

 

  
         133,101,457  
     

 

 

  
Beverages - 0.5%  

Anheuser-Busch InBev Worldwide, Inc.

      

4.44%, 10/06/2048

      4,846,000        4,389,323  

Constellation Brands, Inc.

      

3.15%, 08/01/2029

      1,440,000        1,328,447  

3.70%, 12/06/2026

      1,889,000        1,838,448  

Diageo Capital PLC

      

5.50%, 01/24/2033

      2,774,000        2,920,399  
     

 

 

  
        10,476,617  
     

 

 

  
Biotechnology - 0.5%  

Amgen, Inc.

      

2.80%, 08/15/2041

      2,750,000        1,987,223  

5.60%, 03/02/2043

      2,796,000        2,872,052  

CSL Finance PLC

      

4.63%, 04/27/2042 (A)

      2,753,000        2,582,723  

Gilead Sciences, Inc.

      

4.15%, 03/01/2047

      1,594,000        1,377,730  

Royalty Pharma PLC

      

2.20%, 09/02/2030

      2,875,000        2,410,032  
     

 

 

  
        11,229,760  
     

 

 

  
 

 

Transamerica Funds

     Page 2      

Transamerica Core Bond

 

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Building Products - 0.4%  

Carrier Global Corp.

      

5.90%, 03/15/2034 (A)

      $  2,367,000        $  2,526,459  

Lowe’s Cos., Inc.

      

3.75%, 04/01/2032

      6,268,000        5,830,421  
     

 

 

  
        8,356,880  
     

 

 

  
Capital Markets - 0.4%  

Charles Schwab Corp.

      

Fixed until 05/19/2033,
5.85% (B), 05/19/2034

      8,351,000        8,643,804  
     

 

 

  
Chemicals - 0.4%  

Celanese US Holdings LLC

      

6.70%, 11/15/2033

      3,370,000        3,620,978  

FMC Corp.

      

5.65%, 05/18/2033 (C)

      2,748,000        2,730,666  

Nutrien Ltd.

      

4.90%, 03/27/2028

      2,986,000        2,999,267  
     

 

 

  
        9,350,911  
     

 

 

  
Commercial Services & Supplies - 1.9%  

ADT Security Corp.

      

4.13%, 08/01/2029 (A) (C)

      5,015,000        4,627,867  

Ashtead Capital, Inc.

      

5.55%, 05/30/2033 (A)

      1,193,000        1,182,162  

5.80%, 04/15/2034 (A)

      1,406,000        1,414,387  

Carlisle Cos., Inc.

      

3.75%, 12/01/2027

      3,740,000        3,590,109  

Element Fleet Management Corp.

      

6.32%, 12/04/2028 (A)

      7,086,000        7,360,239  

General Electric Co.

      

4.13%, 10/09/2042 (C)

      2,723,000        2,321,881  

4.50%, 03/11/2044

      3,436,000        3,180,640  

GXO Logistics, Inc.

      

2.65%, 07/15/2031

      9,977,000        8,233,979  

Quanta Services, Inc.

      

2.90%, 10/01/2030

      3,740,000        3,278,527  

Triton Container International Ltd./TAL International Container Corp.

      

3.25%, 03/15/2032

      9,412,000        7,639,966  
     

 

 

  
        42,829,757  
     

 

 

  
Consumer Finance - 0.2%  

Capital One Financial Corp.

      

Fixed until 02/01/2029,
5.70% (B), 02/01/2030

      4,603,000        4,643,420  
     

 

 

  
Consumer Staples Distribution & Retail - 0.3%  

7-Eleven, Inc.

      

1.80%, 02/10/2031 (A)

      4,794,000        3,880,757  

Sysco Corp.

      

3.30%, 07/15/2026

      3,541,000        3,437,177  
     

 

 

  
        7,317,934  
     

 

 

  
Containers & Packaging - 0.1%  

Sonoco Products Co.

      

2.25%, 02/01/2027

      3,740,000        3,469,043  
     

 

 

  
Distributors - 0.1%  

LKQ Corp.

      

6.25%, 06/15/2033

      2,747,000        2,863,903  
     

 

 

  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Diversified REITs - 1.8%  

American Tower Trust #1

      

3.65%, 03/15/2048 (A)

      $  2,800,000        $  2,665,504  

Broadstone Net Lease LLC

      

2.60%, 09/15/2031

      6,211,000        4,878,188  

SBA Tower Trust

      

1.63%, 05/15/2051 (A)

      6,278,000        5,621,996  

1.88%, 07/15/2050 (A)

      1,100,000        1,022,741  

2.84%, 01/15/2050 (A)

      13,134,000        12,718,670  

6.60%, 01/15/2028 (A)

      3,650,000        3,746,374  

VICI Properties LP

      

4.95%, 02/15/2030

      6,748,000        6,547,311  

Weyerhaeuser Co.

      

4.00%, 04/15/2030

      4,761,000        4,535,509  
     

 

 

  
        41,736,293  
     

 

 

  
Diversified Telecommunication Services - 0.4%  

Sprint Capital Corp.

      

6.88%, 11/15/2028

      822,000        888,154  

Verizon Communications, Inc.

      

1.68%, 10/30/2030

      5,851,000        4,800,122  

2.99%, 10/30/2056

      7,266,000        4,730,093  
     

 

 

  
        10,418,369  
     

 

 

  
Electric Utilities - 1.4%  

Appalachian Power Co.

      

3.40%, 06/01/2025

      2,462,000        2,412,154  

Cleveland Electric Illuminating Co.

      

5.95%, 12/15/2036

      614,000        628,772  

CMS Energy Corp.

      

4.88%, 03/01/2044

      974,000        915,801  

DTE Electric Co.

      

4.30%, 07/01/2044

      7,295,000        6,400,839  

Duke Energy Corp.

      

3.75%, 04/15/2024 - 09/01/2046

      10,608,000        9,238,375  

Duke Energy Progress LLC

      

3.60%, 09/15/2047

      2,726,000        2,080,520  

Entergy Arkansas LLC

      

3.70%, 06/01/2024

      1,493,000        1,482,220  

Oncor Electric Delivery Co. LLC

      

5.30%, 06/01/2042

      707,000        746,862  

Pacific Gas & Electric Co.

      

2.50%, 02/01/2031

      2,979,000        2,467,544  

PacifiCorp

      

3.60%, 04/01/2024

      3,749,000        3,736,351  

Public Service Electric & Gas Co.

      

3.00%, 05/15/2025 (C)

      1,955,000        1,911,880  
     

 

 

  
        32,021,318  
     

 

 

  
Electronic Equipment, Instruments & Components - 0.7%  

Arrow Electronics, Inc.

      

2.95%, 02/15/2032

      5,137,000        4,341,305  

Keysight Technologies, Inc.

      

4.60%, 04/06/2027

      4,366,000        4,340,984  

Sensata Technologies, Inc.

      

4.38%, 02/15/2030 (A) (C)

      4,143,000        3,818,769  

Trimble, Inc.

      

6.10%, 03/15/2033

      4,169,000        4,381,723  
     

 

 

  
        16,882,781  
     

 

 

  
Energy Equipment & Services - 0.2%  

Schlumberger Holdings Corp.

      

3.90%, 05/17/2028 (A)

      4,487,000        4,350,893  
     

 

 

  
 

 

Transamerica Funds

     Page 3      

Transamerica Core Bond

 

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Financial Services - 1.2%  

AerCap Ireland Capital DAC/AerCap Global Aviation Trust

      

4.45%, 04/03/2026

      $  6,232,000        $  6,120,511  

Aviation Capital Group LLC

      

1.95%, 01/30/2026 (A)

      2,570,000        2,398,833  

5.50%, 12/15/2024 (A)

      8,463,000        8,437,165  

Avolon Holdings Funding Ltd.

      

2.88%, 02/15/2025 (A)

      7,533,000        7,299,368  

5.50%, 01/15/2026 (A)

      3,257,000        3,237,478  
     

 

 

  
        27,493,355  
     

 

 

  
Food Products - 0.6%  

Bunge Ltd. Finance Corp.

      

2.75%, 05/14/2031

      4,967,000        4,302,128  

Cargill, Inc.

      

5.13%, 10/11/2032 (A)

      2,894,000        2,939,453  

J M Smucker Co.

      

6.50%, 11/15/2043

      2,296,000        2,554,063  

Viterra Finance BV

      

4.90%, 04/21/2027 (A)

      5,002,000        4,955,685  
     

 

 

  
        14,751,329  
     

 

 

  
Health Care Equipment & Supplies - 0.3%  

Alcon Finance Corp.

      

2.75%, 09/23/2026 (A)

      2,235,000        2,114,425  

5.75%, 12/06/2052 (A)

      1,272,000        1,346,443  

GE HealthCare Technologies, Inc.

      

5.86%, 03/15/2030

      2,577,000        2,709,247  
     

 

 

  
        6,170,115  
     

 

 

  
Health Care Providers & Services - 1.6%  

Centene Corp.

      

3.38%, 02/15/2030

      7,127,000        6,375,090  

Cigna Group

      

2.40%, 03/15/2030

      4,530,000        3,953,655  

CVS Health Corp.

      

2.70%, 08/21/2040

      3,472,000        2,442,524  

5.25%, 01/30/2031

      1,862,000        1,892,200  

Elevance Health, Inc.

      

2.25%, 05/15/2030

      4,034,000        3,479,601  

5.13%, 02/15/2053

      2,425,000        2,374,571  

HCA, Inc.

      

4.13%, 06/15/2029

      1,994,000        1,901,326  

4.63%, 03/15/2052

      3,661,000        3,101,792  

5.25%, 04/15/2025

      1,795,000        1,793,003  

Laboratory Corp. of America Holdings

      

2.95%, 12/01/2029

      2,929,000        2,655,556  

Molina Healthcare, Inc.

      

4.38%, 06/15/2028 (A)

      1,520,000        1,424,475  

UnitedHealth Group, Inc.

      

5.20%, 04/15/2063

      4,467,000        4,473,662  
     

 

 

  
        35,867,455  
     

 

 

  
Health Care REITs - 0.4%  

Physicians Realty LP

      

2.63%, 11/01/2031

      5,456,000        4,488,589  

Ventas Realty LP

      

3.25%, 10/15/2026

      5,018,000        4,763,336  
     

 

 

  
        9,251,925  
     

 

 

  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Hotels, Restaurants & Leisure - 0.4%  

Hyatt Hotels Corp.

      

1.80%, 10/01/2024

      $  2,477,000        $  2,414,597  

Warnermedia Holdings, Inc.

      

5.05%, 03/15/2042

      6,515,000        5,762,423  
     

 

 

  
        8,177,020  
     

 

 

  
Household Durables - 0.1%  

Mohawk Industries, Inc.

      

5.85%, 09/18/2028

      2,539,000        2,630,218  
     

 

 

  
Industrial Conglomerates - 0.2%  

Veralto Corp.

      

5.45%, 09/18/2033 (A)

      3,839,000        3,930,518  
     

 

 

  
Insurance - 1.4%  

Constellation Insurance, Inc.

      

6.80%, 01/24/2030 (A)

      10,038,000        9,939,066  

Equitable Holdings, Inc.

      

5.59%, 01/11/2033

      6,593,000        6,762,082  

Global Atlantic Finance Co.

      

7.95%, 06/15/2033 (A)

      6,238,000        6,924,361  

Muenchener Rueckversicherungs-Gesellschaft AG

      

Fixed until 11/23/2031,
5.88% (B), 05/23/2042 (A)

      2,800,000        2,832,900  

Prudential Financial, Inc.

      

Fixed until 07/01/2030,
3.70% (B), 10/01/2050

      5,651,000        4,967,796  
     

 

 

  
        31,426,205  
     

 

 

  
Interactive Media & Services - 0.5%  

Baidu, Inc.

      

4.38%, 05/14/2024

      4,652,000        4,635,904  

Meta Platforms, Inc.

      

4.80%, 05/15/2030

      4,502,000        4,581,444  

Tencent Holdings Ltd.

      

3.28%, 04/11/2024 (A)

      2,683,000        2,671,034  
     

 

 

  
        11,888,382  
     

 

 

  
Internet & Catalog Retail - 0.0% (E)  

Expedia Group, Inc.

      

2.95%, 03/15/2031

      402,000        351,884  
     

 

 

  
Machinery - 0.4%  

CNH Industrial Capital LLC

      

4.55%, 04/10/2028

      4,115,000        4,078,106  

Huntington Ingalls Industries, Inc.

      

2.04%, 08/16/2028

      6,384,000        5,627,200  
     

 

 

  
        9,705,306  
     

 

 

  
Media - 0.4%  

Charter Communications Operating LLC/Charter Communications Operating Capital

      

4.80%, 03/01/2050

      3,602,000        2,746,450  

Comcast Corp.

      

2.94%, 11/01/2056

      1,620,000        1,045,195  

NBCUniversal Media LLC

      

4.45%, 01/15/2043

      3,353,000        3,030,472  

Paramount Global

      

4.20%, 05/19/2032 (C)

      2,681,000        2,383,272  
     

 

 

  
        9,205,389  
     

 

 

  
 

 

Transamerica Funds

     Page 4      

Transamerica Core Bond

 

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Metals & Mining - 0.5%              

Anglo American Capital PLC

      

4.50%, 03/15/2028 (A)

      $  3,182,000        $  3,095,969  

ArcelorMittal SA

      

6.55%, 11/29/2027

      5,937,000        6,221,452  

Glencore Funding LLC

      

2.63%, 09/23/2031 (A)

      4,052,000        3,421,665  
     

 

 

  
         12,739,086  
     

 

 

  
Office REITs - 0.3%              

Corporate Office Properties LP

      

2.00%, 01/15/2029

      915,000        768,325  

2.25%, 03/15/2026

      1,209,000        1,135,769  

Highwoods Realty LP

      

4.13%, 03/15/2028

      2,790,000        2,603,808  

7.65%, 02/01/2034 (C)

      1,699,000        1,868,179  
     

 

 

  
        6,376,081  
     

 

 

  
Oil, Gas & Consumable Fuels - 2.6%              

Boardwalk Pipelines LP

      

3.40%, 02/15/2031

      3,125,000        2,795,816  

Chevron USA, Inc.

      

3.25%, 10/15/2029

      4,089,000        3,876,565  

Energy Transfer LP

      

4.90%, 02/01/2024

       2,863,000        2,863,000  

5.15%, 03/15/2045

      1,668,000        1,528,138  

5.55%, 02/15/2028

      1,343,000        1,366,806  

5.95%, 10/01/2043

      1,293,000        1,281,186  

Enterprise Products Operating LLC

      

4.25%, 02/15/2048

      8,341,000        7,241,061  

Kinder Morgan Energy Partners LP

      

4.15%, 02/01/2024

      3,178,000        3,178,000  

Occidental Petroleum Corp.

      

5.55%, 03/15/2026

      5,927,000        5,966,999  

ONEOK, Inc.

      

6.10%, 11/15/2032

      5,869,000        6,178,714  

Ovintiv, Inc.

      

6.25%, 07/15/2033

      3,974,000        4,137,219  

Petroleos Mexicanos

      

6.84%, 01/23/2030 (C)

      3,109,000        2,669,933  

6.88%, 08/04/2026

      1,410,000        1,373,369  

7.69%, 01/23/2050

      641,000        448,094  

Plains All American Pipeline LP/PAA Finance Corp.

      

3.55%, 12/15/2029

      3,097,000        2,848,041  

Sabine Pass Liquefaction LLC

      

4.20%, 03/15/2028

      2,888,000        2,828,080  

Shell International Finance BV

      

2.50%, 09/12/2026

      3,121,000        2,974,076  

3.75%, 09/12/2046

      2,857,000        2,337,211  

Western Midstream Operating LP

      

6.15%, 04/01/2033

      4,138,000        4,278,775  

Williams Cos., Inc.

      

5.40%, 03/04/2044

      1,095,000        1,055,078  
     

 

 

  
        61,226,161  
     

 

 

  
Passenger Airlines - 0.1%              

American Airlines Pass-Through Trust

      

3.20%, 12/15/2029

      151        138  

United Airlines Pass-Through Trust

      

3.75%, 03/03/2028

      3,573,435        3,434,024  
     

 

 

  
        3,434,162  
     

 

 

  
     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Personal Care Products - 0.4%              

Haleon US Capital LLC

      

3.38%, 03/24/2027

      $  2,762,000        $  2,658,772  

Kenvue, Inc.

      

5.00%, 03/22/2030

      6,008,000        6,151,231  
     

 

 

  
        8,810,003  
     

 

 

  
Pharmaceuticals - 0.8%              

AbbVie, Inc.

      

3.20%, 05/14/2026

      2,346,000        2,276,605  

Bayer US Finance II LLC

      

4.38%, 12/15/2028 (A)

      3,866,000        3,663,829  

Bristol-Myers Squibb Co.

      

6.40%, 11/15/2063

      763,000        875,199  

Merck & Co., Inc.

      

5.00%, 05/17/2053

      4,216,000        4,219,811  

Pfizer Investment Enterprises Pte. Ltd.

      

5.11%, 05/19/2043

      4,409,000        4,382,864  

Viatris, Inc.

      

2.30%, 06/22/2027

      2,488,000        2,265,652  
     

 

 

  
         17,683,960  
     

 

 

  
Professional Services - 0.3%              

Equifax, Inc.

      

2.60%, 12/01/2024

      4,000,000        3,911,117  

5.10%, 12/15/2027

      2,326,000        2,345,106  
     

 

 

  
        6,256,223  
     

 

 

  
Residential REITs - 0.3%              

American Homes 4 Rent LP

      

5.50%, 02/01/2034

       4,649,000        4,696,143  

Invitation Homes Operating Partnership LP

      

4.15%, 04/15/2032

      2,844,000        2,609,655  
     

 

 

  
        7,305,798  
     

 

 

  
Retail REITs - 0.2%              

Realty Income Corp.

      

4.90%, 07/15/2033

      3,131,000        3,063,235  

Simon Property Group LP

      

6.25%, 01/15/2034

      2,434,000        2,631,306  
     

 

 

  
        5,694,541  
     

 

 

  
Semiconductors & Semiconductor Equipment - 1.6%  

Advanced Micro Devices, Inc.

      

3.92%, 06/01/2032

      5,001,000        4,780,780  

Broadcom, Inc.

      

3.14%, 11/15/2035 (A)

      4,805,000        3,945,161  

Foundry JV Holdco LLC

      

5.88%, 01/25/2034 (A)

      4,095,000        4,212,173  

KLA Corp.

      

3.30%, 03/01/2050

      3,574,000        2,667,092  

Microchip Technology, Inc.

      

0.98%, 09/01/2024

      4,561,000        4,439,555  

Micron Technology, Inc.

      

5.30%, 01/15/2031

      4,731,000        4,778,178  

NXP BV/NXP Funding LLC/NXP USA, Inc.

      

3.25%, 11/30/2051

      1,240,000        864,478  

3.40%, 05/01/2030

      1,216,000        1,110,613  

QUALCOMM, Inc.

      

3.25%, 05/20/2050 (C)

      3,819,000        2,926,849  

Skyworks Solutions, Inc.

      

1.80%, 06/01/2026

      2,526,000        2,352,787  

TSMC Global Ltd.

      

1.38%, 09/28/2030 (A)

      5,908,000        4,803,483  
     

 

 

  
        36,881,149  
     

 

 

  
 

 

Transamerica Funds

     Page 5      

Transamerica Core Bond

 

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

 

     Principal      Value  
CORPORATE DEBT SECURITIES (continued)  
Software - 1.3%              

Crowdstrike Holdings, Inc.

      

3.00%, 02/15/2029

      $  570,000        $  509,434  

Fiserv, Inc.

      

5.45%, 03/02/2028

      4,235,000        4,342,645  

Infor, Inc.

      

1.75%, 07/15/2025 (A)

      5,112,000        4,839,120  

Intuit, Inc.

      

5.50%, 09/15/2053

      1,797,000        1,911,476  

Oracle Corp.

      

3.65%, 03/25/2041

      3,404,000        2,701,893  

6.90%, 11/09/2052

      4,244,000        4,969,966  

Rackspace Technology Global, Inc.

      

3.50%, 02/15/2028 (A)

      2,902,000        1,136,489  

Take-Two Interactive Software, Inc.

      

3.55%, 04/14/2025

      6,520,000        6,395,727  

Workday, Inc.

      

3.50%, 04/01/2027

      4,199,000        4,064,923  
     

 

 

  
        30,871,673  
     

 

 

  
Specialized REITs - 0.2%              

Extra Space Storage LP

      

5.90%, 01/15/2031

      4,851,000        5,040,363  
     

 

 

  
Tobacco - 0.4%              

BAT Capital Corp.

      

6.42%, 08/02/2033 (C)

      5,684,000        5,955,865  

Philip Morris International, Inc.

      

5.63%, 11/17/2029

      3,895,000        4,061,115  
     

 

 

  
        10,016,980  
     

 

 

  
Wireless Telecommunication Services - 0.6%              

America Movil SAB de CV

      

4.38%, 07/16/2042

       2,100,000        1,869,392  

T-Mobile USA, Inc.

      

3.50%, 04/15/2031

      4,213,000        3,837,691  

3.88%, 04/15/2030

      3,775,000        3,567,387  

5.15%, 04/15/2034

      4,715,000        4,743,857  
     

 

 

  
        14,018,327  
     

 

 

  

Total Corporate Debt Securities
(Cost $800,938,664)

 

      791,441,606  
  

 

 

  
FOREIGN GOVERNMENT OBLIGATIONS - 0.4%  
Chile - 0.0% (E)              

Chile Government International Bonds

      

3.50%, 01/25/2050

      825,000        608,510  
     

 

 

  
Colombia - 0.1%              

Colombia Government International Bonds

      

3.13%, 04/15/2031

      3,584,000        2,867,217  
     

 

 

  
Indonesia - 0.2%              

Indonesia Government International Bonds

      

4.75%, 01/08/2026 (A)

      3,205,000        3,197,101  
     

 

 

  
Mexico - 0.1%              

Mexico Government International Bonds

      

3.75%, 01/11/2028

      2,481,000        2,381,357  
     

 

 

  
     Principal      Value  
FOREIGN GOVERNMENT OBLIGATIONS (continued)  
Panama - 0.0% (E)              

Panama Government International Bonds

      

3.88%, 03/17/2028

      $  735,000        $  670,391  
     

 

 

  

Total Foreign Government Obligations
(Cost $9,970,314)

 

      9,724,576  
     

 

 

  
MORTGAGE-BACKED SECURITIES - 5.9%  

Alternative Loan Trust

      

Series 2005-36, Class 2A1A,

      

1-Month Term SOFR + 0.73%,
6.07% (B), 08/25/2035

      268,338        234,837  

Series 2005-50CB, Class 1A1,

      

5.50%, 11/25/2035

      411,810        332,397  

Series 2005-51, Class 3A3A,

      

1-Month Term SOFR + 0.75%,
6.09% (B), 11/20/2035

      302,476        256,880  

Series 2007-22, Class 2A16,

      

6.50%, 09/25/2037

      4,550,696        1,729,223  

Series 2007-5CB, Class 1A31,

      

5.50%, 04/25/2037

      672,900        344,284  

BB-UBS Trust

      

Series 2012-TFT, Class A,

      

2.89%, 06/05/2030 (A)

      1,574,357        1,422,904  

Bear Stearns Alt-A Trust

      

Series 2004-11, Class 2A2,

      

5.13% (B), 11/25/2034

      24,432        22,750  

CHL Mortgage Pass-Through Trust

      

Series 2003-60, Class 1A1,

      

6.12% (B), 02/25/2034

      4,250        4,063  

Series 2005-3, Class 1A2,

      

1-Month Term SOFR + 0.69%,
6.03% (B), 04/25/2035

      59,147        53,671  

CIM Trust

      

Series 2021-R6, Class A1,

      

1.43% (B), 07/25/2061 (A)

       4,875,024        4,270,258  

Citigroup Mortgage Loan Trust, Inc.

      

Series 2014-A, Class A,

      

4.00% (B), 01/25/2035 (A)

      199,407        189,751  

Series 2015-PS1, Class A1,

      

3.75% (B), 09/25/2042 (A)

      154,203        144,351  

Series 2018-RP1, Class A1,

      

3.00% (B), 09/25/2064 (A)

      798,342        769,257  

COMM Mortgage Trust

      

Series 2015-3BP, Class A,

      

3.18%, 02/10/2035 (A)

      7,005,000        6,680,121  

CSMC Trust

      

Series 2021-RPL2, Class A1A,

      

1.11% (B), 01/25/2060 (A)

      5,526,944        4,561,459  

Series 2021-RPL6, Class A1,

      

2.00% (B), 10/25/2060 (A)

      3,601,469        3,171,334  

Fontainebleau Miami Beach Trust

      

Series 2019-FBLU, Class A,

      

3.14%, 12/10/2036 (A)

      3,800,000        3,695,183  

Series 2019-FBLU, Class B,

      

3.45%, 12/10/2036 (A)

      6,050,000        5,884,352  

Series 2019-FBLU, Class C,

      

3.75%, 12/10/2036 (A)

      4,570,000        4,444,353  

GMACM Mortgage Loan Trust

      

Series 2005-AR1, Class 3A,

      

4.09% (B), 03/18/2035

      3,473        2,923  

Impac CMB Trust

      

Series 2004-6, Class 1A1,

      

1-Month Term SOFR + 0.91%,
6.25% (B), 10/25/2034

      3,904        3,783  
 

 

Transamerica Funds

     Page 6      

Transamerica Core Bond

 

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

 

     Principal      Value  
MORTGAGE-BACKED SECURITIES (continued)  

IndyMac INDX Mortgage Loan Trust

      

Series 2007-AR15, Class 2A1,

      

3.32% (B), 08/25/2037

      $  273,201        $  192,401  

JPMorgan Chase Commercial Mortgage Securities Trust

      

Series 2014-DSTY, Class B,

      

3.77%, 06/10/2027 (A)

      4,800,000        649,466  

JPMorgan Mortgage Trust

      

Series 2004-A1, Class 1A1,

      

4.71% (B), 02/25/2034

      11,237        10,180  

Series 2006-A2, Class 5A1,

      

6.13% (B), 11/25/2033

      4,748        4,546  

Series 2006-S3, Class 1A12,

      

6.50%, 08/25/2036

      150,291        49,954  

Manhattan West Mortgage Trust

      

Series 2020-1MW, Class A,

      

2.13%, 09/10/2039 (A)

      5,765,000        5,168,111  

Series 2020-1MW, Class B,

      

2.41% (B), 09/10/2039 (A)

      5,024,000        4,474,720  

MASTR Adjustable Rate Mortgages Trust

      

Series 2007-R5, Class A1,

      

5.10% (B), 11/25/2035 (A)

      148,330        70,874  

Merrill Lynch Mortgage Investors Trust

      

Series 2003-F, Class A1,

      

1-Month Term SOFR + 0.75%,
6.09% (B), 10/25/2028

      3,421        3,188  

Series 2004-A1, Class 2A1,

      

5.16% (B), 02/25/2034

      38,491        34,753  

Series 2005-A4, Class 2A2,

      

4.67% (B), 07/25/2035

      36,732        32,123  

Morgan Stanley Bank of America Merrill Lynch Trust

      

Series 2013-C11, Class B,

      

4.21% (B), 08/15/2046

      1,035,000        628,255  

Nationstar Mortgage Loan Trust

      

Series 2013-A, Class A,

      

3.75% (B), 12/25/2052 (A)

      636,190        591,568  

New Residential Mortgage Loan Trust

      

Series 2014-1A, Class A,

      

3.75% (B), 01/25/2054 (A)

      274,697        259,000  

Series 2014-2A, Class A3,

      

3.75% (B), 05/25/2054 (A)

      216,446        202,888  

Series 2014-3A, Class AFX3,

      

3.75% (B), 11/25/2054 (A)

      718,817        673,366  

Series 2015-2A, Class A1,

      

3.75% (B), 08/25/2055 (A)

      893,115        839,208  

Series 2016-2A, Class A1,

      

3.75% (B), 11/26/2035 (A)

      785,808        742,024  

Series 2016-3A, Class A1B,

      

3.25% (B), 09/25/2056 (A)

      1,624,302        1,491,180  

Series 2017-1A, Class A1,

      

4.00% (B), 02/25/2057 (A)

      1,412,913        1,337,075  

Series 2017-2A, Class A3,

      

4.00% (B), 03/25/2057 (A)

      1,636,423        1,547,128  

Series 2017-3A, Class A1,

      

4.00% (B), 04/25/2057 (A)

      2,273,005        2,148,452  

Series 2017-4A, Class A1,

      

4.00% (B), 05/25/2057 (A)

      1,139,473        1,074,140  

Series 2018-1A, Class A1A,

      

4.00% (B), 12/25/2057 (A)

      698,208        663,113  

Series 2018-RPL1, Class A1,

      

3.50% (B), 12/25/2057 (A)

      6,465,717        6,182,944  

Series 2019-4A, Class A1B,

      

3.50% (B), 12/25/2058 (A)

      4,794,466        4,424,342  

Series 2019-5A, Class A1B,

      

3.50% (B), 08/25/2059 (A)

      1,153,192        1,077,234  
     Principal      Value  
MORTGAGE-BACKED SECURITIES (continued)  

New Residential Mortgage Loan Trust (continued)

 

Series 2019-6A, Class A1B,

      

3.50% (B), 09/25/2059 (A)

      $  1,738,243        $  1,623,158  

OBX Trust

      

Series 2023-NQM4, Class A1,

      

6.11% (B), 03/25/2063 (A)

      4,227,801        4,250,883  

One Market Plaza Trust

      

Series 2017-1MKT, Class A,

      

3.61%, 02/10/2032 (A)

      4,548,000        4,161,420  

RALI Trust

      

Series 2007-QO4, Class A1A,

      

1-Month Term SOFR + 0.49%,
5.83% (B), 05/25/2047

      251,907        218,415  

Structured Adjustable Rate Mortgage Loan Trust

      

Series 2005-15, Class 1A1,

      

4.76% (B), 07/25/2035

      187,159        99,032  

Series 2007-3, Class 3A1,

      

4.24% (B), 04/25/2047

      462,405        212,861  

Structured Asset Mortgage Investments II Trust

      

Series 2003-AR4, Class A1,

      

1-Month Term SOFR + 0.81%,
6.15% (B), 01/19/2034

      11,511        10,752  

Towd Point Mortgage Trust

      

Series 2017-1, Class A1,

      

2.75% (B), 10/25/2056 (A)

      60,117        59,791  

Series 2017-3, Class A1,

      

2.75% (B), 07/25/2057 (A)

      324,826        319,611  

Series 2017-4, Class A1,

      

2.75% (B), 06/25/2057 (A)

      988,743        948,110  

Series 2017-6, Class A1,

      

2.75% (B), 10/25/2057 (A)

      1,495,114        1,433,001  

Series 2018-1, Class A1,

      

3.00% (B), 01/25/2058 (A)

      1,929,969        1,878,400  

Series 2018-4, Class A1,

      

3.00% (B), 06/25/2058 (A)

      2,147,474        2,004,346  

Series 2019-1, Class A1,

      

3.75% (B), 03/25/2058 (A)

      6,017,122        5,756,453  

Series 2019-4, Class A1,

      

2.90% (B), 10/25/2059 (A)

      8,604,471        8,110,295  

Series 2020-4, Class A1,

      

1.75%, 10/25/2060 (A)

      1,976,153        1,751,630  

Series 2021-1, Class A1,

      

2.25% (B), 11/25/2061 (A)

      3,608,457        3,320,201  

Series 2022-4, Class A1,

      

3.75%, 09/25/2062 (A)

      12,415,099        11,638,099  

Series 2023-1, Class A1,

      

3.75%, 01/25/2063 (A)

      7,501,024        7,118,865  

WaMu Mortgage Pass-Through Certificates Trust

      

Series 2005-AR8, Class 2A1A,

      

1-Month Term SOFR + 0.69%,
6.03% (B), 07/25/2045

      17,424        16,213  

Wells Fargo Commercial Mortgage Trust

      

Series 2015-C26, Class B,

      

3.78%, 02/15/2048

      3,000,000        2,869,032  

Series 2015-C29,Class AS,

      

4.01% (B), 06/15/2048

      6,250,000        6,052,313  
     

 

 

  

Total Mortgage-Backed Securities
(Cost $148,213,772)

 

      136,643,248  
     

 

 

  
 

 

Transamerica Funds

     Page 7      

Transamerica Core Bond

 

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

 

     Principal      Value  
MUNICIPAL GOVERNMENT OBLIGATION - 0.0% (E)  
Georgia - 0.0% (E)  

Municipal Electric Authority of Georgia, Revenue Bonds,

      

Series A,

      

6.64%, 04/01/2057

      $  267,000        $  302,326  
     

 

 

  

Total Municipal Government Obligation
(Cost $314,496)

 

      302,326  
     

 

 

  
U.S. GOVERNMENT AGENCY OBLIGATIONS - 25.1%  

Federal Home Loan Mortgage Corp.

      

1-Year RFUCC Treasury + 1.90%,
4.40% (B), 02/01/2041

      11,453        11,428  

6-Month RFUCC Treasury + 1.57%,
4.82% (B), 02/01/2037

      1,637        1,609  

5.00%, 12/01/2035

      168,244        170,806  

1-Year RFUCC Treasury + 1.66%,
5.18% (B), 01/01/2038

      49,588        49,687  

6-Month RFUCC Treasury + 2.12%,
5.91% (B), 05/01/2037

      4,292        4,217  

1-Year RFUCC Treasury + 1.73%,
5.98% (B), 09/01/2035

      118,925        119,694  

6.00%, 05/01/2031

      112,704        116,882  

1-Year RFUCC Treasury + 1.75%,
6.00% (B), 12/01/2034

      5,221        5,249  

1-Year RFUCC Treasury + 1.80%,
6.05% (B), 09/01/2037

      9,378        9,644  

6-Month RFUCC Treasury + 1.36%,
7.13% (B), 05/01/2037

      10,128        10,193  

6-Month RFUCC Treasury + 1.57%,
7.38% (B), 04/01/2037

      11,357        11,478  

Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates

      

2.81%, 01/25/2025

      5,664,689        5,546,052  

2.89%, 06/25/2027

      975,723        966,919  

3.01%, 07/25/2025

      12,812,000        12,492,684  

3.17%, 10/25/2024

      9,318,475        9,175,377  

Federal National Mortgage Association

      

3.50%, 07/01/2028 - 01/01/2029

      595,613        578,642  

1-Year RFUCC Treasury + 1.75%,
4.25% (B), 03/01/2041

      10,772        10,771  

4.50%, 02/01/2025 - 08/01/2052

      11,741,584        11,361,297  

5.00%, 04/01/2039 - 04/01/2053

      37,321,173        36,961,187  

5.50%, 04/01/2036 - 03/01/2053

      13,722,554        13,825,079  

1-Year RFUCC Treasury + 1.74%,
5.74% (B), 08/01/2035

      15,260        15,660  

6.00%, 02/01/2034 - 01/01/2040

      1,715,106        1,778,643  

6.50%, 06/01/2038 - 05/01/2040

      728,595        762,100  

6-Month RFUCC Treasury + 0.95%,
6.70% (B), 08/01/2037

      401        395  

6-Month RFUCC Treasury + 1.51%,
7.36% (B), 01/01/2035

      2,920        2,956  

Government National Mortgage Association REMICS, Interest Only STRIPS

      

0.64% (B), 02/16/2053

      2,277,613        35,925  

Tennessee Valley Authority

      

5.88%, 04/01/2036

      2,768,000        3,146,171  

Uniform Mortgage-Backed Security, TBA

      

2.00%, 02/01/2039 - 02/01/2054 (F)

      56,658,000        48,121,281  

2.50%, 02/01/2039 - 02/01/2054 (F)

      130,772,000        111,952,763  

3.00%, 02/01/2039 - 02/01/2054 (F)

      109,469,000        96,864,473  

3.50%, 02/01/2039 - 02/01/2054 (F)

      85,440,000        78,682,717  
     Principal      Value  
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)  

Uniform Mortgage-Backed Security, TBA (continued)

 

4.00%, 02/01/2054 (F)

      $  45,602,000        $  42,967,259  

4.50%, 02/01/2054 (F)

      41,726,000        40,366,639  

5.50%, 02/01/2054 (F)

      48,612,000        48,790,203  

6.00%, 02/01/2054 (F)

      15,022,000        15,238,827  
     

 

 

  

Total U.S. Government Agency Obligations
(Cost $581,803,345)

 

      580,154,907  
     

 

 

  
U.S. GOVERNMENT OBLIGATIONS - 26.6%  
U.S. Treasury - 24.5%  

U.S. Treasury Bonds

      

1.25%, 05/15/2050

      16,047,000        8,340,052  

1.88%, 02/15/2051 - 11/15/2051

      11,868,000        7,246,975  

2.00%, 02/15/2050

      9,112,000        5,808,900  

2.25%, 08/15/2046 - 02/15/2052

      10,826,000        7,345,782  

2.38%, 02/15/2042 - 05/15/2051

      18,112,000        13,433,813  

2.50%, 02/15/2045 - 05/15/2046

      42,510,200        31,466,014  

2.75%, 08/15/2042 - 11/15/2047

      28,766,500        22,364,834  

2.88%, 08/15/2045 - 05/15/2049

      9,895,500        7,772,447  

3.00%, 05/15/2042 - 08/15/2052

      29,600,400        23,604,560  

3.13%, 02/15/2042 - 05/15/2048

      18,696,000        15,396,058  

3.50%, 02/15/2039

      7,209,000        6,722,674  

3.63%, 02/15/2044 - 05/15/2053

      30,201,500        27,143,920  

3.88%, 02/15/2043

      4,257,000        4,000,250  

4.00%, 11/15/2052

      5,195,000        4,983,750  

4.13%, 08/15/2053

      5,766,000        5,660,590  

4.75%, 11/15/2053

      8,683,000        9,463,113  

5.25%, 02/15/2029

      14,343,100        15,239,544  

U.S. Treasury Notes

      

0.25%, 08/31/2025

      5,134,000        4,812,523  

0.63%, 05/15/2030 - 08/15/2030

      50,380,000        41,017,086  

1.13%, 02/15/2031

      22,372,000        18,654,403  

1.38%, 11/15/2031

      16,965,000        14,070,347  

1.50%, 08/15/2026 - 02/15/2030

      27,285,700        24,377,965  

1.63%, 02/15/2026 - 05/15/2031

      65,736,900        60,568,977  

1.88%, 02/15/2032

      10,574,800        9,074,913  

2.13%, 03/31/2024

      16,249,000        16,164,581  

2.25%, 11/15/2025

      22,652,500        21,859,663  

2.63%, 02/15/2029

      2,275,400        2,143,409  

2.75%, 05/15/2025 - 08/15/2032

      9,236,600        8,578,327  

2.88%, 08/15/2028 - 05/15/2032

      13,664,700        12,781,581  

3.13%, 11/15/2028

      11,773,000        11,377,041  

3.50%, 01/31/2028 - 02/15/2033

      7,633,800        7,462,732  

3.63%, 05/31/2028

      4,960,000        4,903,231  

3.88%, 11/30/2027

      5,843,100        5,827,123  

4.00%, 06/30/2028

      16,645,000        16,703,518  

4.13%, 09/30/2027 - 11/15/2032

      24,569,900        24,814,931  

4.38%, 08/31/2028 - 11/30/2028

      19,139,000        19,543,510  

4.50%, 11/15/2033

      4,395,200        4,584,056  

4.75%, 11/15/2043

      19,349,000        20,440,405  
     

 

 

  
        565,753,598  
     

 

 

  
U.S. Treasury Inflation-Protected Securities - 2.1%  

U.S. Treasury Inflation-Protected Indexed Bonds

      

0.25%, 02/15/2050

      12,633,063        8,119,457  

1.75%, 01/15/2028

      4,567,455        4,561,626  

2.50%, 01/15/2029

      21,261,227        22,070,358  

U.S. Treasury Inflation-Protected Indexed Notes

      

0.13%, 07/15/2030

      16,446,404        14,962,534  
     

 

 

  
        49,713,975  
     

 

 

  

Total U.S. Government Obligations
(Cost $657,798,625)

 

      615,467,573  
     

 

 

  
 

 

Transamerica Funds

     Page 8      

Transamerica Core Bond

 

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

 

     Shares      Value  
PREFERRED STOCK - 0.2%  
Banks - 0.2%  

Citigroup Capital XIII,

      

3-Month Term SOFR + 6.63%, 11.95% (B)

      159,306        $  4,624,653  
     

 

 

  

Total Preferred Stock
(Cost $4,440,758)

 

      4,624,653  
  

 

 

  
     Principal      Value  
COMMERCIAL PAPER - 18.9%  
Banks - 7.3%  

Cooperatieve Rabobank UA

      

5.78% (G), 02/01/2024

      $ 10,000,000        9,998,531  

DNB Bank ASA

      

5.47% (G), 06/20/2024 (A)

      24,000,000        23,513,870  

HSBC USA, Inc.

      

5.52% (G), 07/23/2024 (A)

      3,829,000        3,728,793  

ING US Funding LLC

      

5.88% (G), 04/30/2024 (A)

      20,800,000        20,520,240  

Korea Development Bank

      

5.47% (G), 07/08/2024

      22,000,000        21,498,513  

Mackinac Funding Co. LLC

      

5.86% (G), 03/07/2024 (A)

      9,450,000        9,399,121  

Macquarie Bank Ltd.

      

5.86% (G), 03/01/2024 (A)

      23,000,000        22,896,500  

Nordea Bank Abp

      

5.80% (G), 03/05/2024 (A)

      18,855,000        18,760,576  

5.86% (G), 04/15/2024 (A)

      4,200,000        4,153,830  

Standard Chartered Bank

      

5.89% (G), 03/07/2024 (A)

      11,806,000        11,743,544  

Svenska Handelsbanken AB

      

5.36% (G), 07/30/2024 (A)

      23,450,000        22,843,877  
     

 

 

  
         169,057,395  
     

 

 

  
Consumer Finance - 1.0%  

Toyota Motor Credit Corp.

      

5.46% (G), 07/03/2024

      23,000,000        22,484,501  
     

 

 

  
Financial Services - 8.2%  

Alinghi Funding Co. LLC

      

5.81% (G), 05/07/2024 (A)

      9,000,000        8,870,951  

5.85% (G), 05/07/2024 (A)

      1,636,000        1,612,542  

Anglesea Funding LLC

      

5.38% (G), 07/26/2024 (A)

      23,467,000        22,868,331  

Atlantic Asset Securitization LLC

      

5.57% (G), 06/20/2024 (A)

      8,000,000        7,834,754  

Britannia Funding Co. LLC

      

5.90% (G), 02/07/2024 (A)

      12,773,000        12,759,737  

Chariot Funding LLC

      

5.57% (G), 03/15/2024 (A)

      25,000,000        24,835,917  

Glencove Funding LLC

      

5.56% (G), 06/17/2024 (A)

      10,800,000        10,581,847  

GTA Funding LLC

      

5.66% (G), 02/27/2024 (A)

      13,609,000        13,554,244  

5.83% (G), 02/21/2024 (A)

      8,700,000        8,672,828  

La Fayette Asset Securitization LLC

      

5.41% (G), 07/09/2024 (A)

      13,000,000        12,697,938  

Liberty Street Funding LLC

      

5.84% (G), 02/01/2024 (A)

      3,825,000        3,824,435  

Mont Blanc Capital Corp.

      

5.65% (G), 04/15/2024 (A)

      17,400,000        17,205,519  
     Principal      Value  
COMMERCIAL PAPER (continued)  
Financial Services (continued)  

Nieuw Amsterdam Receivables Corp. BV

      

5.40% (G), 07/25/2024 (A)

      $  12,000,000        $  11,696,678  

Old Line Funding LLC

      

5.72% (G), 04/11/2024 (A)

      9,000,000        8,904,120  

Ridgefield Funding Co. LLC

      

5.82% (G), 02/06/2024 (A)

      11,241,000        11,231,017  

Starbird Funding Corp.

      

5.47% (G), 07/11/2024 (A)

      6,981,000        6,816,633  

5.86% (G), 02/01/2024 (A)

      5,000,000        4,999,261  
     

 

 

  
         188,966,752  
     

 

 

  

Health Care Providers & Services - 0.6%

 

Columbia Funding Co. LLC

      

5.84% (G), 03/05/2024 (A)

      14,000,000        13,928,997  
     

 

 

  

Pharmaceuticals - 1.8%

 

AstraZeneca PLC

      

5.36% (G), 07/15/2024 (A)

      21,925,000        21,382,700  

Pfizer, Inc.

      

5.59% (G), 06/04/2024 (A)

      21,000,000        20,618,403  
     

 

 

  
        42,001,103  
     

 

 

  

Total Commercial Paper
(Cost $436,444,375)

 

      436,438,748  
  

 

 

  
SHORT-TERM U.S. GOVERNMENT AGENCY OBLIGATION - 0.2%  

Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates

      

Series K728, Class A2,

      

3.06% (G), 08/25/2024

      4,226,355        4,169,001  
     

 

 

  

Total Short-Term U.S. Government Agency Obligation
(Cost $4,220,577)

 

      4,169,001  
  

 

 

  
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 3.1%  

U.S. Cash Management Bills

      

5.40% (G), 03/14/2024

      6,061,000        6,023,691  

5.44% (G), 02/01/2024

      16,360,000        16,360,000  

U.S. Treasury Bills

      

5.34% (G), 05/02/2024

      16,360,000        16,144,895  

5.35% (G), 04/18/2024

      16,173,000        15,993,271  

5.37% (G), 03/05/2024

      16,179,000        16,101,239  
     

 

 

  

Total Short-Term U.S. Government Obligations
(Cost $70,623,254)

 

      70,623,096  
  

 

 

  
     Shares      Value  
OTHER INVESTMENT COMPANY - 1.0%  
Securities Lending Collateral - 1.0%  

State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 5.30% (G)

      22,322,255        22,322,255  
     

 

 

  

Total Other Investment Company
(Cost $22,322,255)

 

      22,322,255  
  

 

 

  
 

 

Transamerica Funds

     Page 9      

Transamerica Core Bond

 

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

 

     Principal      Value  
REPURCHASE AGREEMENT - 2.2%  

Fixed Income Clearing Corp., 2.50% (G), dated 01/31/2024, to be repurchased at $51,297,988 on 02/01/2024. Collateralized by a U.S. Government Obligation, 4.50%, due 07/15/2026, and with a value of $52,320,369.

      $ 51,294,426        $  51,294,426  
     

 

 

  

Total Repurchase Agreement
(Cost $51,294,426)

 

      51,294,426  
  

 

 

  

Total Investments
(Cost $2,910,027,528)

 

      2,843,530,626  

Net Other Assets (Liabilities) - (23.0)%

         (531,598,393 ) 
     

 

 

  

Net Assets - 100.0%

         $ 2,311,932,233  
     

 

 

  
 

 

Transamerica Funds

     Page 10      

Transamerica Core Bond

 

SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

 

INVESTMENT VALUATION:

 

Valuation Inputs (H)

 

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

ASSETS

            

Investments

            

Asset-Backed Securities

    $ —       $ 120,324,211      $ —       $ 120,324,211  

Corporate Debt Securities

      —         791,441,606        —         791,441,606  

Foreign Government Obligations

      —         9,724,576        —         9,724,576  

Mortgage-Backed Securities

      —         136,643,248        —         136,643,248  

Municipal Government Obligation

      —         302,326        —         302,326  

U.S. Government Agency Obligations

      —         580,154,907        —         580,154,907  

U.S. Government Obligations

      —         615,467,573        —         615,467,573  

Preferred Stock

      4,624,653        —         —         4,624,653  

Commercial Paper

      —         436,438,748        —         436,438,748  

Short-Term U.S. Government Agency Obligation

      —         4,169,001        —         4,169,001  

Short-Term U.S. Government Obligations

      —         70,623,096        —         70,623,096  

Other Investment Company

      22,322,255        —         —         22,322,255  

Repurchase Agreement

      —         51,294,426        —         51,294,426  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Investments

    $  26,946,908      $  2,816,583,718      $ —       $  2,843,530,626  
  

 

 

     

 

 

     

 

 

     

 

 

  

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

 

(A)      Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2024, the total value of 144A securities is $800,492,527, representing 34.6% of the Fund’s net assets.
(B)      Floating or variable rate securities. The rates disclosed are as of January 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
(C)      All or a portion of the securities are on loan. The total value of all securities on loan is $23,471,839, collateralized by cash collateral of $22,322,255 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $1,640,800. 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.
(D)      Perpetual maturity. The date displayed is the next call date.
(E)      Percentage rounds to less than 0.1% or (0.1)%.
(F)      When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after January 31, 2024. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(G)      Rates disclosed reflect the yields at January 31, 2024.
(H)      There were no transfers in or out of Level 3 during the period ended January 31, 2024. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.

PORTFOLIO ABBREVIATIONS:

 

REIT

RFUCC

   

Real Estate Investment Trust

Refinitiv USD IBOR Consumer Cash Fallbacks

SOFR

    Secured Overnight Financing Rate

STRIPS

TBA

   

Separate Trading of Registered Interest and Principal of Securities

To Be Announced

 

Transamerica Funds

     Page 11      

Transamerica Core Bond

 

NOTES TO SCHEDULE OF INVESTMENTS

At January 31, 2024

(unaudited)

 

INVESTMENT VALUATION

Transamerica Core Bond (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 (“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, 2024, 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:

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.

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.

 

Transamerica Funds

     Page 12      

Transamerica Core Bond

 

NOTES TO SCHEDULE OF INVESTMENTS (continued)

At January 31, 2024

(unaudited)

 

Municipal government obligations: The fair value of municipal government obligations and variable rate notes is estimated based on models that consider, among other factors, information received from market makers and broker-dealers, current trades, bid-want lists, offerings, market movements, the liquidity of the bond, state of issuance, benchmark yield curves, and bond or note insurance. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.

U.S. government 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.

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.

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.

 

Transamerica Funds

     Page 13