Transamerica Mid Cap Growth


	Shares		Value
EXCHANGE-TRADED FUNDS - 45.4%
International Equity Funds - 9.0%
iShares Core MSCI EAFE ETF		35,659		$ 2,491,494
iShares Core MSCI Emerging Markets ETF		8,482		410,953
iShares Global REIT ETF		35,613		824,441

				3,726,888

U.S. Equity Fund - 12.3%
iShares Core S&P 500 ETF		10,591		5,138,753

U.S. Fixed Income Funds - 24.1%
iShares 0-5 Year TIPS Bond ETF		39,932		3,954,067
iShares Core U.S. Aggregate Bond ETF		61,284		6,073,244

				10,027,311

Total Exchange-Traded Funds (Cost $19,828,060)				18,892,952


INVESTMENT COMPANIES - 53.6%
International Equity Funds - 5.0%
Transamerica Emerging Markets Opportunities ^(A)		57,772		410,759
Transamerica International Focus ^(A)		105,846		827,719
Transamerica International Stock ^(A)		75,409		837,791

				2,076,269

International Fixed Income Fund - 5.0%
Transamerica Emerging Markets Debt ^(A)		227,256		2,086,211

U.S. Equity Funds - 13.4%
Transamerica Capital Growth ^{(A) (B)}		83,387		613,732
Transamerica Large Cap Value ^(A)		136,563		1,764,395
Transamerica Mid Cap Growth ^{(A) (B)}		69,271		619,974
Transamerica Mid Cap Value Opportunities ^(A)		56,138		618,645
Transamerica Small Cap Growth ^(A)		64,019		411,000
Transamerica Small Cap Value ^(A)		74,596		405,803
Transamerica US Growth ^(A)		40,379		1,130,606

				5,564,155

U.S. Fixed Income Funds - 30.2%
Transamerica Bond ^(A)		1,195,813		9,674,131
Transamerica High Yield Bond ^(A)		362,312		2,923,854

				12,597,985

Total Investment Companies (Cost $25,361,888)				22,324,620


	Principal		Value
REPURCHASE AGREEMENT - 1.1%
Fixed Income Clearing Corp., 2.50%^(C), dated 01/31/2024, to be repurchased at $435,254 on 02/01/2024. Collateralized by a U.S. Government Obligation, 4.50%, due 07/15/2026, and with a value of $444,006.		$ 435,224		$ 435,224

Total Repurchase Agreement (Cost $435,224)				435,224

Total Investments (Cost $45,625,172)				41,652,796
Net Other Assets (Liabilities) - (0.1)%				(31,562	)

Net Assets - 100.0%				$ 41,621,234

Transamerica ClearTrack^® Retirement Income (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	$	9,101,943	$	143,151	$	(203,866	)	$	(43,905	)	$	676,808	$	9,674,131		1,195,813	$	103,386	$	—
Transamerica Capital Growth		560,905		7,449		(91,882	)		16,182			121,078		613,732		83,387		—		—
Transamerica Emerging Markets Debt		2,009,637		22,451		(104,858	)		(20,048	)		179,029		2,086,211		227,256		22,451		—
Transamerica Emerging Markets Opportunities		392,105		21,904		(6,257	)		(3,436	)		6,443		410,759		57,772		11,481		—
Transamerica High Yield Bond		2,792,690		42,587		(82,296	)		(13,730	)		184,603		2,923,854		362,312		42,561		—
Transamerica International Focus		786,052		66,594		(33,650	)		(9,197	)		17,920		827,719		105,846		28,086		38,508
Transamerica International Stock		783,689		28,056		(59,915	)		(5,056	)		91,017		837,791		75,409		28,056		—
Transamerica Large Cap Value		1,657,501		130,197		(144,667	)		(14,628	)		135,992		1,764,395		136,563		5,556		124,640
Transamerica Mid Cap Growth		569,946		—		(64,801	)		(41,824	)		156,653		619,974		69,271		—		—
Transamerica Mid Cap Value Opportunities		582,003		30,324		(32,056	)		(11,782	)		50,156		618,645		56,138		6,437		23,795
Transamerica Small Cap Growth		383,049		18,354		(25,054	)		(11,394	)		46,045		411,000		64,019		—		18,354
Transamerica Small Cap Value		384,052		12,495		(38,473	)		(56,774	)		104,503		405,803		74,596		12,496		—
Transamerica US Growth		1,064,884		39,389		(137,719	)		31,948			132,104		1,130,606		40,379		—		39,389

Total	$	21,068,456	$	562,951	$	(1,025,494	)	$	(183,644	)	$	1,902,351	$	22,324,620		2,548,761	$	260,510	$	244,686


(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	$	18,892,952	$	—	$	—	$	18,892,952
Investment Companies		22,324,620		—		—		22,324,620
Repurchase Agreement		—		435,224		—		435,224

Total Investments	$	41,217,572	$	435,224	$	—	$	41,652,796


(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