Transamerica Mid Cap Growth


	Shares		Value
EXCHANGE-TRADED FUNDS - 45.4%
International Equity Funds - 9.0%
iShares Core MSCI EAFE ETF		21,180		$ 1,479,846
iShares Core MSCI Emerging Markets ETF		5,038		244,091
iShares Global REIT ETF		21,152		489,669

				2,213,606

U.S. Equity Fund - 12.3%
iShares Core S&P 500 ETF		6,290		3,051,908

U.S. Fixed Income Funds - 24.1%
iShares 0-5 Year TIPS Bond ETF		23,718		2,348,556
iShares Core U.S. Aggregate Bond ETF		36,400		3,607,240

				5,955,796

Total Exchange-Traded Funds (Cost $12,163,454)				11,221,310


INVESTMENT COMPANIES - 53.7%
International Equity Funds - 5.0%
Transamerica Emerging Markets Opportunities ^(A)		34,314		243,972
Transamerica International Focus ^(A)		62,873		491,663
Transamerica International Stock ^(A)		44,788		497,596

				1,233,231

International Fixed Income Fund - 5.0%
Transamerica Emerging Markets Debt ^(A)		134,980		1,239,117

U.S. Equity Funds - 13.4%
Transamerica Capital Growth ^{(A) (B)}		49,522		364,481
Transamerica Large Cap Value ^(A)		81,114		1,047,998
Transamerica Mid Cap Growth ^{(A) (B)}		41,136		368,165
Transamerica Mid Cap Value Opportunities ^(A)		33,345		367,457
Transamerica Small Cap Growth ^(A)		38,027		244,133
Transamerica Small Cap Value ^(A)		44,304		241,016
Transamerica US Growth ^(A)		23,984		671,542

				3,304,792

U.S. Fixed Income Funds - 30.3%
Transamerica Bond ^(A)		710,252		5,745,938
Transamerica High Yield Bond ^(A)		215,194		1,736,619

				7,482,557

Total Investment Companies (Cost $15,089,461)				13,259,697


	Principal		Value
REPURCHASE AGREEMENT - 1.0%
Fixed Income Clearing Corp., 2.50%^(C), dated 01/31/2024, to be repurchased at $235,301 on 02/01/2024. Collateralized by a U.S. Government Obligation, 4.50%, due 07/15/2026, and with a value of $240,050.		$ 235,285		$ 235,285

Total Repurchase Agreement (Cost $235,285)				235,285

Total Investments (Cost $27,488,200)				24,716,292
Net Other Assets (Liabilities) - (0.1)%				(12,863	)

Net Assets - 100.0%				$ 24,703,429

Transamerica ClearTrack^® 2020 (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:

Exchange-traded funds (“ETF”): ETFs are stated at the last reported sale price or closing price on the day of valuation taken from the primary exchange where the ETF is principally traded. ETFs are generally categorized in Level 1 of the fair value hierarchy.

Investment companies: Certain investment companies are valued at the NAV as the practical expedient. These investment companies are not included within the fair value hierarchy. Certain other investment companies are valued at the actively traded NAV and no valuation adjustments are applied. These investment companies are 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.


Affiliated Investments	Value October 31, 2023		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)		Value January 31, 2024		Shares as of January 31, 2024		Dividend Income		Net Capital Gain Distributions
Transamerica Bond	$	5,379,224	$	87,371	$	(95,000	)	$	(21,050	)	$	395,393	$	5,745,938		710,252	$	61,170	$	—
Transamerica Capital Growth		309,358		5,996		(28,000	)		5,670			71,457		364,481		49,522		—		—
Transamerica Emerging Markets Debt		1,188,012		13,242		(56,948	)		(9,925	)		104,736		1,239,117		134,980		13,242		—
Transamerica Emerging Markets Opportunities		229,320		12,985		—			—			1,667		243,972		34,314		6,715		—
Transamerica High Yield Bond		1,656,318		25,244		(46,522	)		(7,561	)		109,140		1,736,619		215,194		25,244		—
Transamerica International Focus		468,639		39,641		(22,238	)		(5,590	)		11,211		491,663		62,873		16,719		22,922
Transamerica International Stock		458,571		16,625		(28,643	)		(1,827	)		52,870		497,596		44,788		16,625		—
Transamerica Large Cap Value		982,640		76,322		(84,283	)		(7,023	)		80,342		1,047,998		81,114		3,257		73,065
Transamerica Mid Cap Growth		326,910		—		(25,138	)		(15,714	)		82,107		368,165		41,136		—		—
Transamerica Mid Cap Value Opportunities		347,238		17,997		(20,986	)		(7,263	)		30,471		367,457		33,345		3,832		14,165
Transamerica Small Cap Growth		220,499		11,005		(7,368	)		(3,223	)		23,220		244,133		38,027		—		11,005
Transamerica Small Cap Value		216,271		7,572		(10,012	)		(14,200	)		41,385		241,016		44,304		7,572		—
Transamerica US Growth		623,253		23,260		(71,803	)		17,122			79,710		671,542		23,984		—		23,260

Total	$	12,406,253	$	337,260	$	(496,941	)	$	(70,584	)	$	1,083,709	$	13,259,697		1,513,833	$	154,376	$	144,417


(B)		Non-income producing securities.
(C)		Rate disclosed reflects the yield at January 31, 2024.
(D)		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.


	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Exchange-Traded Funds	$	11,221,310	$	—	$	—	$	11,221,310
Investment Companies		13,259,697		—		—		13,259,697
Repurchase Agreement		—		235,285		—		235,285

Total Investments	$	24,481,007	$	235,285	$	—	$	24,716,292


(A)		Affiliated investment in the Class R6 shares of funds within Transamerica Funds. The Fund’s transactions and earnings from these underlying funds are as follows:


Transamerica Funds			Page 1


REIT		Real Estate Investment Trust


Transamerica Funds			Page 2


Transamerica Funds			Page 3