Hong Kong Exchanges & Clearing Ltd.


	Shares		Value
COMMON STOCKS - 99.0%
Australia - 3.6%
Cochlear Ltd.		442		$ 87,714
CSL Ltd.		532		104,473

				192,187

Belgium - 1.1%
KBC Group NV		905		59,035

Brazil - 2.4%
Itau Unibanco Holding SA, ADR		8,021		52,939
Klabin SA		9,417		40,467
Sao Martinho SA		5,893		33,530

				126,936

Canada - 3.6%
BCE, Inc.		2,520		101,685
Canadian Pacific Kansas City Ltd.		1,127		90,689

				192,374

China - 2.8%
BYD Co. Ltd., Class H		4,500		100,756
Sungrow Power Supply Co. Ltd., Class A		4,700		51,327

				152,083

Colombia - 1.1%
Interconexion Electrica SA ESP		13,863		60,024

Denmark - 3.5%
Novo Nordisk AS, Class B		1,290		147,453
Novozymes AS, B Shares		763		39,096

				186,549

France - 10.0%
Air Liquide SA		378		70,736
Cie de Saint-Gobain SA		628		44,404
Cie Generale des Etablissements Michelin SCA		2,025		67,235
Dassault Systemes SE		1,109		57,489
Edenred SE		1,738		103,808
EssilorLuxottica SA		420		82,309
L’Oreal SA		236		112,939

				538,920

Germany - 6.4%
Infineon Technologies AG		2,457		89,575
Merck KGaA		417		68,420
SAP SE		606		104,987
Siemens AG		464		83,067

				346,049

Hong Kong - 4.6%
AIA Group Ltd.		11,200		87,835
China Water Affairs Group Ltd.		60,000		30,688
Hang Seng Bank Ltd.		5,200		54,133
Hong Kong Exchanges & Clearing Ltd.		2,400		72,765

				245,421

India - 1.8%
HDFC Bank Ltd., ADR		1,789		99,272


	Shares		Value
COMMON STOCKS (continued)
Indonesia - 1.6%
Bank Rakyat Indonesia Persero Tbk. PT		245,500		$ 88,438

Ireland - 4.8%
Accenture PLC, Class A		237		86,239
Aptiv PLC ^(A)		608		49,449
Kerry Group PLC, Class A		888		79,151
Kingspan Group PLC		532		43,207

				258,046

Italy - 1.2%
Prysmian SpA		896		39,433
Terna - Rete Elettrica Nazionale		3,132		26,409

				65,842

Japan - 12.8%
Daifuku Co. Ltd.		4,100		80,852
FANUC Corp.		1,400		38,727
KDDI Corp.		2,500		82,838
Nidec Corp.		2,100		78,323
Recruit Holdings Co. Ltd.		2,500		98,747
SMC Corp.		200		111,329
Sony Group Corp., ADR		1,232		120,428
Sysmex Corp.		1,500		81,258

				692,502

Mexico - 2.0%
Grupo Financiero Banorte SAB de CV, Class O		10,376		105,505

Netherlands - 2.5%
ASML Holding NV		72		62,466
Koninklijke Ahold Delhaize NV		2,604		73,233

				135,699

Norway - 1.2%
DNB Bank ASA		3,408		66,251

Peru - 1.0%
Credicorp Ltd.		378		56,107

Portugal - 1.3%
Jeronimo Martins SGPS SA		3,149		71,619

Republic of Korea - 2.2%
Samsung SDI Co. Ltd.		190		52,729
Shinhan Financial Group Co. Ltd.		2,170		66,489

				119,218

Republic of South Africa - 1.0%
Woolworths Holdings Ltd.		14,886		55,155

Singapore - 1.5%
Capitaland Investment Ltd.		36,900		81,006

Spain - 3.4%
Amadeus IT Group SA		756		52,981
EDP Renovaveis SA		2,082		33,714
Industria de Diseno Textil SA		2,205		94,280

				180,975

Sweden - 3.2%
Assa Abloy AB, Class B		2,623		71,938
Atlas Copco AB, A Shares		4,066		64,891
Epiroc AB, Class A		1,912		33,782

				170,611


	Shares		Value
COMMON STOCKS (continued)
Switzerland - 6.8%
DSM-Firmenich AG		526		$ 55,614
Lonza Group AG		121		59,158
Roche Holding AG		305		86,839
Sika AG		223		61,561
Straumann Holding AG		260		39,494
TE Connectivity Ltd.		465		66,118

				368,784

Taiwan - 3.3%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		1,562		176,443

United Kingdom - 6.9%
Aviva PLC		14,951		81,611
Croda International PLC		805		48,724
Ferguson PLC		283		53,164
Greggs PLC		2,223		74,883
Halma PLC		2,252		62,333
National Grid PLC, ADR		764		51,593

				372,308

United States - 1.4%
Linde PLC		182		73,679

Total Common Stocks (Cost $5,280,227)				5,337,038

Total Investments (Cost $5,280,227)				5,337,038
Net Other Assets (Liabilities) - 1.0%				55,260

Net Assets - 100.0%				$ 5,392,298

Transamerica International Sustainable Equity (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:

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.


Industry	Percentage of Total Investments			Value
Banks		12.1	%		$	648,169
Chemicals		6.5				349,410
Machinery		6.2				329,581
Semiconductors & Semiconductor Equipment		6.2				328,484
Pharmaceuticals		5.7				302,712
Health Care Equipment & Supplies		5.4				290,775
Electronic Equipment, Instruments & Components		3.4				181,180
Insurance		3.2				169,446
Electrical Equipment		3.2				169,083
Software		3.0				162,476
Building Products		3.0				159,549
Consumer Staples Distribution & Retail		2.7				144,852
Hotels, Restaurants & Leisure		2.4				127,864
Household Durables		2.3				120,428
Automobile Components		2.2				116,684
Personal Care Products		2.1				112,939
Food Products		2.1				112,681
Biotechnology		2.0				104,473
Financial Services		1.9				103,808
Diversified Telecommunication Services		1.9				101,685
Automobiles		1.9				100,756
Professional Services		1.8				98,747
Specialty Retail		1.8				94,280
Ground Transportation		1.7				90,689
Electric Utilities		1.6				86,433
IT Services		1.6				86,239
Industrial Conglomerates		1.6				83,067
Wireless Telecommunication Services		1.5				82,838
Real Estate Management & Development		1.5				81,006
Capital Markets		1.4				72,765
Life Sciences Tools & Services		1.1				59,158
Broadline Retail		1.0				55,155
Trading Companies & Distributors		1.0				53,164
Multi-Utilities		1.0				51,593
Containers & Packaging		0.8				40,467
Independent Power & Renewable Electricity Producers		0.6				33,714
Water Utilities		0.6				30,688

Investments		100.0				5,337,038

Total Investments		100.0	%		$	5,337,038


	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	1,317,331	$	4,019,707	$	—	$	5,337,038

Total Investments	$	1,317,331	$	4,019,707	$	—	$	5,337,038


(A)		Non-income producing security.
(B)		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.


Transamerica Funds			Page 1


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ADR		American Depositary Receipt


Transamerica Funds			Page 3