Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS - 92.1% | ||||||||
| Alabama - 1.6% | ||||||||
| Alabama State University, Revenue Bonds, |
||||||||
| BAM, |
||||||||
| 5.00%, 09/01/2038 - 09/01/2039 |
$ 4,750,000 | $ 5,164,877 | ||||||
| Jacksonville Public Educational Building Authority, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 5.25%, 08/01/2053 |
750,000 | 813,355 | ||||||
| 5.50%, 08/01/2058 |
540,000 | 594,855 | ||||||
| Madison Water & Wastewater Board, Revenue Bonds, |
||||||||
| 5.25%, 12/01/2048 |
815,000 | 927,476 | ||||||
| Muscle Shoals Sheffield & Tuscumbia Solid Waste Disposal Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 6.00%, 05/01/2040 (A) |
2,350,000 | 2,542,432 | ||||||
| Southeast Energy Authority Cooperative District, Revenue Bonds, |
||||||||
| Series B, |
||||||||
| Fixed until 12/01/2031, |
8,200,000 | 8,120,692 | ||||||
|
|
|
|||||||
| 18,163,687 | ||||||||
|
|
|
|||||||
| Alaska - 0.2% | ||||||||
| Alaska Housing Finance Corp., Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 6.00%, 06/01/2054 (C) |
2,475,000 | 2,704,695 | ||||||
|
|
|
|||||||
| Arizona - 2.0% | ||||||||
| Arizona Industrial Development Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.25%, 11/01/2053 |
1,875,000 | 1,967,662 | ||||||
| Series A, BAM, |
||||||||
| 5.00%, 06/01/2049 - 06/01/2058 |
13,510,000 | 13,964,380 | ||||||
| Series B, |
||||||||
| 4.00%, 07/01/2041 |
135,000 | 127,793 | ||||||
| County of Pima, Certificate of Participation, |
||||||||
| 5.00%, 12/01/2026 |
35,000 | 35,052 | ||||||
| County of Pinal, Revenue Bonds, |
||||||||
| 4.00%, 08/01/2036 |
490,000 | 505,618 | ||||||
| Estrella Mountain Ranch Community Facilities District, General Obligation Unlimited, |
||||||||
| 4.50%, 07/15/2043 |
425,000 | 436,616 | ||||||
| Industrial Development Authority of the City of Phoenix, Revenue Bonds, |
||||||||
| 5.00%, 07/01/2036 |
1,265,000 | 1,273,049 | ||||||
| La Paz County Industrial Development Authority, Revenue Bonds, |
||||||||
| 4.90%, 06/15/2028 (A) |
345,000 | 335,991 | ||||||
| Tempe Industrial Development Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.00%, 12/01/2025 - 12/01/2026 |
210,000 | 206,727 | ||||||
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Arizona (continued) | ||||||||
| Town of Marana Pledged Excise Revenue, Revenue Bonds, |
||||||||
| 4.00%, 07/01/2044 (C) |
$ 2,165,000 | $ 2,160,353 | ||||||
| Verrado Community Facilities District No. 1, General Obligation Unlimited, |
||||||||
| BAM, |
||||||||
| 5.00%, 07/15/2033 - 07/15/2034 |
1,990,000 | 2,307,342 | ||||||
|
|
|
|||||||
| 23,320,583 | ||||||||
|
|
|
|||||||
| Arkansas - 0.9% | ||||||||
| County of Pulaski, Revenue Bonds, |
||||||||
| 5.25%, 03/01/2053 |
4,410,000 | 4,746,390 | ||||||
| Little Rock School District, General Obligation Limited, |
||||||||
| 3.00%, 02/01/2026 - 02/01/2028 |
5,655,000 | 5,568,429 | ||||||
|
|
|
|||||||
| 10,314,819 | ||||||||
|
|
|
|||||||
| California - 7.7% | ||||||||
| Adelanto Elementary School District Community Facilities District No. 1, Special Tax, |
||||||||
| BAM, |
||||||||
| 5.00%, 09/01/2036 |
1,605,000 | 1,789,396 | ||||||
| Alameda Corridor Transportation Authority, Revenue Bonds, |
||||||||
| Series C, |
||||||||
| Zero Coupon, 10/01/2053 (C) |
1,000,000 | 234,823 | ||||||
| Alameda County Oakland Unified School District, General Obligation Unlimited, |
||||||||
| Series A, AGM, |
||||||||
| 5.25%, 08/01/2043 - 08/01/2048 |
2,860,000 | 3,293,412 | ||||||
| Anaheim Public Financing Authority, Revenue Bonds, |
||||||||
| Series A, BAM, |
||||||||
| 5.00%, 09/01/2030 - 09/01/2033 |
4,125,000 | 4,557,509 | ||||||
| Apple Valley Public Financing Authority, Tax Allocation, |
||||||||
| Series A, BAM, |
||||||||
| 4.00%, 06/01/2036 |
680,000 | 712,626 | ||||||
| Beaumont Public Improvement Authority, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 09/01/2043 - 09/01/2049 |
3,315,000 | 3,474,547 | ||||||
| California Housing Finance Agency, Revenue Bonds, |
||||||||
| Series E, FNMA, |
||||||||
| 2.50%, 02/01/2038 |
72,145 | 61,390 | ||||||
| California Municipal Finance Authority, Certificate of Participation, |
||||||||
| Series A, AGM, |
||||||||
| 5.25%, 11/01/2052 |
4,285,000 | 4,833,583 | ||||||
| California Municipal Finance Authority, Revenue Bonds, |
||||||||
| 4.38%, 07/01/2025 (A) |
270,000 | 270,053 | ||||||
| 5.00%, 01/01/2035 - 01/01/2043 |
4,795,000 | 5,191,233 | ||||||
| BAM, |
||||||||
| 4.00%, 05/15/2036 |
1,875,000 | 1,928,443 | ||||||
| Series A, |
||||||||
| 4.00%, 10/01/2034 - 10/01/2044 |
5,630,000 | 5,611,776 | ||||||
| 4.50%, 06/01/2028 (A) |
200,000 | 197,821 | ||||||
| 5.00%, 10/01/2044 |
2,275,000 | 2,332,677 | ||||||
| California Public Finance Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.25%, 06/15/2029 (A) |
515,000 | 495,104 | ||||||
| Transamerica Funds |
Page 1 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| California (continued) | ||||||||
| California Statewide Communities Development Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.00%, 12/01/2025 (A) |
$ 225,000 | $ 228,842 | ||||||
| Series A, AGM, |
||||||||
| 5.38%, 08/15/2057 |
3,545,000 | 3,925,193 | ||||||
| California Statewide Communities Development Authority, Special Assessment |
||||||||
| 4.00%, 09/02/2028 |
2,040,000 | 2,063,187 | ||||||
| 5.00%, 09/02/2034 |
870,000 | 941,233 | ||||||
| Cathedral City Redevelopment Successor Agency, Tax Allocation, |
||||||||
| Series A, BAM, |
||||||||
| 4.00%, 08/01/2034 |
280,000 | 292,886 | ||||||
| City of Azusa, Special Tax, |
||||||||
| AGM, |
||||||||
| 5.00%, 09/01/2049 |
1,245,000 | 1,304,176 | ||||||
| City of Lemoore Water Revenue, Revenue Bonds, |
||||||||
| BAM, |
||||||||
| 5.00%, 06/01/2049 |
2,580,000 | 2,726,939 | ||||||
| Coachella Redevelopment Successor Agency, Tax Allocation, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 09/01/2030 |
85,000 | 90,197 | ||||||
| Conejo Valley Unified School District, General Obligation Unlimited, |
||||||||
| Series E, |
||||||||
| Zero Coupon, 08/01/2036 - 08/01/2037 (C) |
6,140,000 | 3,754,004 | ||||||
| County of El Dorado, Special Tax |
||||||||
| 5.00%, 09/01/2029 |
785,000 | 829,861 | ||||||
| BAM, |
||||||||
| 3.00%, 09/01/2025 |
140,000 | 139,922 | ||||||
| Department of Veterans Affairs Veteran’s Farm & Home Purchase Program, Revenue Bonds, |
||||||||
| Series B, |
||||||||
| 3.25%, 12/01/2036 |
2,100,000 | 2,047,706 | ||||||
| Eastside Union School District, General Obligation Unlimited, |
||||||||
| Series A, BAM, |
||||||||
| 5.50%, 08/01/2053 |
925,000 | 1,060,746 | ||||||
| El Rancho Unified School District, General Obligation Unlimited |
||||||||
| Series D, BAM, |
||||||||
| 5.50%, 08/01/2041 |
345,000 | 411,060 | ||||||
| 5.75%, 08/01/2048 |
1,610,000 | 1,923,751 | ||||||
| Golden State Tobacco Securitization Corp., Revenue Bonds, |
||||||||
| Series B-2, |
||||||||
| Zero Coupon, 06/01/2066 |
25,000,000 | 2,893,077 | ||||||
| Livingston Union School District, Certificate of Participation, |
||||||||
| 5.25%, 11/01/2043 - 11/01/2048 |
1,490,000 | 1,672,233 | ||||||
| Los Angeles Department of Water & Power, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.00%, 07/01/2030 |
1,250,000 | 1,305,317 | ||||||
| Series D, |
||||||||
| 5.00%, 07/01/2030 - 07/01/2031 |
4,500,000 | 4,534,913 | ||||||
| Manteca Unified School District, General Obligation Unlimited, |
||||||||
| Series B, |
||||||||
| 5.25%, 08/01/2053 |
2,475,000 | 2,801,551 | ||||||
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| California (continued) | ||||||||
| Menifee Union School District Public Financing Authority, Special Tax, |
||||||||
| Series A, BAM, |
||||||||
| 5.00%, 09/01/2032 |
$ 265,000 | $ 274,611 | ||||||
| Mount Diablo Unified School District, General Obligation Unlimited, |
||||||||
| Series A, AGM, |
||||||||
| 5.50% (D), 08/01/2030 |
2,000,000 | 2,077,324 | ||||||
| Mountain House Public Financing Authority, Revenue Bonds, |
||||||||
| Series B, BAM, |
||||||||
| 4.00%, 12/01/2035 |
200,000 | 211,913 | ||||||
| Municipal Improvement Corp. of Los Angeles, Revenue Bonds, |
||||||||
| Series B, |
||||||||
| 5.00%, 11/01/2030 |
1,140,000 | 1,211,692 | ||||||
| Palmdale Elementary School District, Special Tax, |
||||||||
| 5.00%, 08/01/2041 - 08/01/2044 |
1,400,000 | 1,582,179 | ||||||
| Parlier Unified School District, General Obligation Unlimited, |
||||||||
| Series C, |
||||||||
| 5.25%, 08/01/2053 |
1,000,000 | 1,114,106 | ||||||
| Poway Public Financing Authority, Revenue Bonds, |
||||||||
| Series A, BAM, |
||||||||
| 5.25%, 06/01/2053 |
1,110,000 | 1,251,416 | ||||||
| Rio Elementary School District Community Facilities District, Special Tax, |
||||||||
| BAM, |
||||||||
| 5.00%, 09/01/2029 - 09/01/2030 |
425,000 | 450,840 | ||||||
| River Islands Public Financing Authority, Special Tax, |
||||||||
| Series A-1, AGM, |
||||||||
| 5.25%, 09/01/2052 |
340,000 | 371,605 | ||||||
| San Francisco City & County Redevelopment Successor Agency, Tax Allocation, |
||||||||
| AGM, |
||||||||
| 5.25%, 08/01/2053 |
1,475,000 | 1,642,063 | ||||||
| San Jacinto Unified School District, General Obligation Unlimited, |
||||||||
| AGM, |
||||||||
| 5.00%, 08/01/2030 |
4,070,000 | 4,102,378 | ||||||
| Stockton Public Financing Authority, Special Tax, |
||||||||
| Series A, BAM, |
||||||||
| 4.00%, 09/02/2030 |
225,000 | 231,009 | ||||||
| Temescal Valley Water District, Special Tax, |
||||||||
| 4.00%, 09/01/2025 |
195,000 | 195,097 | ||||||
| Tulare Local Health Care District, General Obligation Unlimited, |
||||||||
| BAM, |
||||||||
| 4.00%, 08/01/2039 |
700,000 | 719,664 | ||||||
| Ukiah Unified School District, General Obligation Unlimited, |
||||||||
| Series C, |
||||||||
| 5.25%, 08/01/2046 |
1,350,000 | 1,573,033 | ||||||
| Washington Township Health Care District, General Obligation Unlimited |
||||||||
| Series B, |
||||||||
| 5.25%, 08/01/2048 |
150,000 | 169,134 | ||||||
| Series B, AGM, |
||||||||
| 4.25%, 08/01/2045 |
1,450,000 | 1,490,491 | ||||||
|
|
|
|||||||
| 88,599,742 | ||||||||
|
|
|
|||||||
| Transamerica Funds |
Page 2 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Colorado - 3.4% | ||||||||
| Arista Metropolitan District, General Obligation Limited |
||||||||
| Series A, |
||||||||
| 4.25%, 12/01/2043 |
$ 1,750,000 | $ 1,767,202 | ||||||
| 5.00%, 12/01/2048 |
2,650,000 | 2,820,861 | ||||||
| Auraria Higher Education Center, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 4.00%, 04/01/2029 |
3,425,000 | 3,462,804 | ||||||
| BNC Metropolitan District No. 1, General Obligation Limited, |
||||||||
| Series A, BAM, |
||||||||
| 5.00%, 12/01/2032 |
360,000 | 384,912 | ||||||
| Bradburn Metropolitan District No. 2, General Obligation Limited, |
||||||||
| Series A, |
||||||||
| 4.00%, 12/01/2028 (E) |
294,000 | 284,334 | ||||||
| Bromley Park Metropolitan District No. 2, General Obligation Limited |
||||||||
| BAM, |
||||||||
| 5.38%, 12/01/2053 |
2,400,000 | 2,672,612 | ||||||
| Series A, BAM, |
||||||||
| 5.00%, 12/01/2031 |
285,000 | 305,261 | ||||||
| Colorado Educational & Cultural Facilities Authority, Revenue Bonds, |
||||||||
| 5.00%, 06/15/2029 |
670,000 | 695,834 | ||||||
| Colorado Health Facilities Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.00%, 11/15/2043 - 11/15/2046 |
5,920,000 | 5,785,358 | ||||||
| Series B, |
||||||||
| 4.00%, 01/01/2040 |
2,430,000 | 2,454,736 | ||||||
| Colorado State Education Loan Program, Revenue Notes, |
||||||||
| Series B, |
||||||||
| 4.50%, 06/28/2024 |
1,000,000 | 1,005,042 | ||||||
| Denver City & County Housing Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.50%, 07/01/2041 |
1,325,000 | 1,369,220 | ||||||
| 5.00%, 07/01/2027 |
3,290,000 | 3,439,132 | ||||||
| Erie Farm Metropolitan District, General Obligation Limited, |
||||||||
| 5.00%, 12/01/2046 |
500,000 | 538,560 | ||||||
| Highpointe Vista Metropolitan District No. 2, General Obligation Limited, |
||||||||
| BAM, |
||||||||
| 4.00%, 12/01/2046 |
275,000 | 275,188 | ||||||
| Littleton Village Metropolitan District No. 2, General Obligation Limited, |
||||||||
| 5.00%, 12/01/2053 |
535,000 | 561,776 | ||||||
| Midtown Clear Creek Metropolitan District, General Obligation Limited, |
||||||||
| Series A, BAM, |
||||||||
| 5.00%, 12/01/2053 |
1,500,000 | 1,582,438 | ||||||
| Northglenn Urban Renewal Authority, Tax Allocation, |
||||||||
| 4.00%, 12/01/2027 - 12/01/2038 |
1,210,000 | 1,190,596 | ||||||
| Park Creek Metropolitan District, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.25%, 12/01/2047 |
430,000 | 431,948 | ||||||
| 5.00%, 12/01/2032 - 12/01/2043 |
1,530,000 | 1,660,077 | ||||||
| Series A, NATL-IBC, |
||||||||
| 5.00%, 12/01/2045 |
125,000 | 126,635 | ||||||
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Colorado (continued) | ||||||||
| Rampart Range Metropolitan District No. 5, Revenue Bonds, |
||||||||
| 4.00%, 12/01/2051 |
$ 4,000,000 | $ 2,940,181 | ||||||
| Ravenna Metropolitan District, General Obligation Limited, |
||||||||
| 5.00%, 12/01/2043 |
1,000,000 | 1,074,376 | ||||||
| Silver Peaks Metropolitan District No. 2, General Obligation Limited, |
||||||||
| BAM, |
||||||||
| 5.00%, 12/01/2037 - 12/01/2042 |
1,120,000 | 1,167,906 | ||||||
| Transport Metropolitan District No. 3, General Obligation Limited, |
||||||||
| Series A-2, |
||||||||
| Zero Coupon (D), 12/01/2051 |
1,000,000 | 763,765 | ||||||
| Vauxmont Metropolitan District, General Obligation Limited, |
||||||||
| AGM, |
||||||||
| 5.00%, 12/01/2050 |
165,000 | 173,133 | ||||||
| Wyndham Hill Metropolitan District No. 2, General Obligation Limited, |
||||||||
| Series A, BAM, |
||||||||
| 4.00%, 12/01/2034 |
540,000 | 563,780 | ||||||
|
|
|
|||||||
| 39,497,667 | ||||||||
|
|
|
|||||||
| Connecticut - 1.6% | ||||||||
| City of New Haven, General Obligation Unlimited |
||||||||
| BAM, |
||||||||
| 5.25%, 08/01/2043 |
1,685,000 | 1,894,910 | ||||||
| Series A, |
||||||||
| 5.50%, 08/01/2035 |
210,000 | 228,244 | ||||||
| Series B, BAM, |
||||||||
| 5.00%, 08/15/2025 |
40,000 | 41,026 | ||||||
| Connecticut State Health & Educational Facilities Authority, Revenue Bonds, |
||||||||
| 5.00%, 12/01/2045 |
4,830,000 | 4,923,432 | ||||||
| Series A, AGM-CR, |
||||||||
| 2.13%, 07/01/2031 |
7,690,000 | 6,966,431 | ||||||
| Series M, |
||||||||
| 4.00%, 07/01/2039 |
1,415,000 | 1,395,940 | ||||||
| State of Connecticut Special Tax Revenue, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.00%, 09/01/2034 |
1,000,000 | 1,006,979 | ||||||
| Town of Hamden, General Obligation Unlimited, |
||||||||
| AGM, |
||||||||
| 5.00%, 08/15/2031 - 08/15/2036 |
2,175,000 | 2,495,113 | ||||||
|
|
|
|||||||
| 18,952,075 | ||||||||
|
|
|
|||||||
| Delaware - 0.2% | ||||||||
| Delaware Municipal Electric Corp., Revenue Bonds, |
||||||||
| Series A, BAM, |
||||||||
| 5.00%, 10/01/2038 |
265,000 | 292,734 | ||||||
| Delaware State Economic Development Authority, Revenue Bonds, |
||||||||
| Series B, |
||||||||
| 5.25%, 11/15/2053 |
2,500,000 | 2,581,852 | ||||||
|
|
|
|||||||
| 2,874,586 | ||||||||
|
|
|
|||||||
| District of Columbia - 0.6% | ||||||||
| District of Columbia, Revenue Bonds, |
||||||||
| 5.00%, 07/01/2052 |
110,000 | 108,112 | ||||||
| Series A, |
||||||||
| 4.13%, 07/01/2027 |
640,000 | 623,969 | ||||||
| 5.00%, 07/01/2032 |
1,300,000 | 1,288,510 | ||||||
| Transamerica Funds |
Page 3 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| District of Columbia (continued) | ||||||||
| District of Columbia Housing Finance Agency, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 3.70%, 09/01/2033 |
$ 1,205,000 | $ 1,204,993 | ||||||
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Revenue Bonds, |
||||||||
| Series B, AGM-CR, |
||||||||
| 6.50% (D), 10/01/2044 |
1,620,000 | 1,829,949 | ||||||
| Washington Metropolitan Area Transit Authority Dedicated Revenue, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.50%, 07/15/2051 |
1,285,000 | 1,466,388 | ||||||
|
|
|
|||||||
| 6,521,921 | ||||||||
|
|
|
|||||||
| Florida - 2.5% | ||||||||
| City of Lakeland, Revenue Bonds, |
||||||||
| 5.00%, 11/15/2045 |
4,135,000 | 4,165,218 | ||||||
| City of Orlando Tourist Development Tax Revenue, Revenue Bonds, |
||||||||
| Series B, AGM, |
||||||||
| 5.00%, 11/01/2033 - 11/01/2037 |
5,365,000 | 5,662,579 | ||||||
| City of Tampa Water & Wastewater System Revenue, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.25%, 10/01/2057 |
525,000 | 580,872 | ||||||
| County of Miami-Dade, Revenue Bonds, |
||||||||
| Series A, AGC, |
||||||||
| 6.88% (D), 10/01/2034 |
975,000 | 1,189,072 | ||||||
| County of Pasco, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 5.00%, 09/01/2048 |
370,000 | 396,724 | ||||||
| 5.75%, 09/01/2054 |
1,260,000 | 1,416,631 | ||||||
| Florida Development Finance Corp., Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.00%, 06/15/2035 - 06/15/2040 |
1,195,000 | 1,220,424 | ||||||
| Florida State Board of Governors, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 11/01/2028 |
135,000 | 147,932 | ||||||
| Series A, BAM, |
||||||||
| 5.00%, 07/01/2035 - 07/01/2037 |
6,390,000 | 7,239,489 | ||||||
| JEA Water & Sewer System Revenue, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.50%, 10/01/2054 (C) |
590,000 | 672,596 | ||||||
| North Sumter County Utility Dependent District, Revenue Bonds, |
||||||||
| BAM, |
||||||||
| 5.00%, 10/01/2036 - 10/01/2037 |
500,000 | 545,046 | ||||||
| St. Johns County Industrial Development Authority, Revenue Bonds, |
||||||||
| 4.00%, 12/15/2024 |
140,000 | 138,969 | ||||||
| Wildwood Utility Dependent District, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 5.50%, 10/01/2048 - 10/01/2053 |
4,875,000 | 5,432,434 | ||||||
|
|
|
|||||||
| 28,807,986 | ||||||||
|
|
|
|||||||
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Georgia - 2.7% | ||||||||
| Albany-Dougherty County Hospital Authority, Revenue Bonds, |
||||||||
| Series A, BAM-TCRS, |
||||||||
| 5.00%, 09/01/2031 - 09/01/2033 |
$ 22,220,000 | $ 25,222,945 | ||||||
| DeKalb County Housing Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.00%, 12/01/2033 |
3,750,000 | 3,739,610 | ||||||
| Development Authority of Lagrange, Revenue Bonds, |
||||||||
| 4.50%, 10/15/2031 |
1,835,000 | 1,759,817 | ||||||
| State of Georgia, General Obligation Unlimited, |
||||||||
| Series A, |
||||||||
| 5.00%, 02/01/2028 |
145,000 | 148,184 | ||||||
| Turner County School District, General Obligation Unlimited, |
||||||||
| 5.00%, 09/01/2041 |
290,000 | 327,325 | ||||||
|
|
|
|||||||
| 31,197,881 | ||||||||
|
|
|
|||||||
| Idaho - 0.4% | ||||||||
| County of Nez Perce, Revenue Bonds, |
||||||||
| 2.75%, 10/01/2024 |
4,300,000 | 4,247,041 | ||||||
| Idaho Housing & Finance Association, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.63%, 07/01/2029 (A) |
155,000 | 154,225 | ||||||
|
|
|
|||||||
| 4,401,266 | ||||||||
|
|
|
|||||||
| Illinois - 12.0% | ||||||||
| Adams County School District No. 172, General Obligation Unlimited, |
||||||||
| AGM, |
||||||||
| 5.00%, 02/01/2029 |
1,065,000 | 1,104,085 | ||||||
| Berwyn Municipal Securitization Corp., Revenue Bonds, |
||||||||
| Series A, AGM- CR, |
||||||||
| 5.00%, 01/01/2035 |
8,230,000 | 9,139,355 | ||||||
| Carol Stream Park District, General Obligation Unlimited, |
||||||||
| BAM, |
||||||||
| 5.00%, 01/01/2037 |
1,050,000 | 1,083,503 | ||||||
| City of Chicago Waterworks Revenue, Revenue Bonds, |
||||||||
| 5.00%, 11/01/2028 |
500,000 | 505,712 | ||||||
| Series A, AGM, |
||||||||
| 5.50%, 11/01/2062 |
28,305,000 | 31,358,688 | ||||||
| City of East Moline, General Obligation Unlimited, |
||||||||
| Series A, AGM, |
||||||||
| 4.00%, 01/15/2036 |
840,000 | 864,662 | ||||||
| City of Waukegan, General Obligation Unlimited |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 12/30/2035 |
1,345,000 | 1,416,079 | ||||||
| Series B, AGM, |
||||||||
| 5.00%, 12/30/2030 - 12/30/2031 |
1,560,000 | 1,649,936 | ||||||
| Cook & Will Counties Community College District No. 515, General Obligation Limited, |
||||||||
| 5.00%, 12/01/2024 |
45,000 | 45,627 | ||||||
| Cook & Will Counties School District No. 194, General Obligation Limited, |
||||||||
| Series B, BAM, |
||||||||
| 5.00%, 12/01/2033 |
210,000 | 213,129 | ||||||
| Transamerica Funds |
Page 4 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Illinois (continued) | ||||||||
| Cook County Community College District No. 508, General Obligation Unlimited |
||||||||
| 5.00%, 12/01/2024 |
$ 1,050,000 | $ 1,054,179 | ||||||
| BAM-TCRS, |
||||||||
| 5.25%, 12/01/2027 - 12/01/2043 |
3,050,000 | 3,063,828 | ||||||
| Cook County High School District No. 209 Proviso Township, General Obligation Limited, |
||||||||
| Series B, AGM, |
||||||||
| 5.00%, 12/01/2032 |
1,500,000 | 1,659,069 | ||||||
| Cook County School District No. 111, General Obligation Limited, |
||||||||
| Series A, BAM, |
||||||||
| 5.00%, 12/01/2037 |
2,350,000 | 2,509,659 | ||||||
| Illinois Finance Authority, Revenue Bonds, |
||||||||
| 4.00%, 08/01/2032 - 10/15/2037 |
7,020,000 | 5,747,966 | ||||||
| 5.00%, 08/01/2026 - 04/01/2034 |
2,930,000 | 3,085,782 | ||||||
| AGM, |
||||||||
| 5.00%, 12/01/2036 |
1,000,000 | 1,028,847 | ||||||
| Series A, |
||||||||
| 5.00%, 11/01/2025 - 11/01/2029 |
4,760,000 | 4,895,590 | ||||||
| Illinois Housing Development Authority, Revenue Bonds, |
||||||||
| FNMA, |
||||||||
| 2.63%, 09/01/2032 |
1,378,812 | 1,234,989 | ||||||
| Illinois State Toll Highway Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.00%, 01/01/2044 |
1,075,000 | 1,154,315 | ||||||
| Madison & Jersey Counties Unit School District No. 11, General Obligation Unlimited, |
||||||||
| BAM, |
||||||||
| 5.00%, 12/01/2030 |
3,235,000 | 3,541,535 | ||||||
| Madison-Macoupin Etc. Counties Community College District No. 536, General Obligation Unlimited, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 11/01/2031 - 11/01/2032 |
2,605,000 | 2,737,923 | ||||||
| McHenry County Community Unit School District No. 12, General Obligation Unlimited, |
||||||||
| BAM, |
||||||||
| 5.00%, 01/01/2035 |
2,285,000 | 2,319,773 | ||||||
| Northeastern Illinois University, Certificate of Participation, |
||||||||
| AGM, |
||||||||
| 4.00%, 07/01/2025 |
145,000 | 144,807 | ||||||
| Northern Illinois University, Certificate of Participation, |
||||||||
| AGM, |
||||||||
| 5.00%, 09/01/2024 |
105,000 | 105,891 | ||||||
| Northern Illinois University, Revenue Bonds |
||||||||
| Series B, BAM, |
||||||||
| 4.00%, 04/01/2036 - 04/01/2041 |
2,180,000 | 2,204,618 | ||||||
| 5.00%, 04/01/2027 |
130,000 | 136,042 | ||||||
| Pulaski Massac Alexander & Johnson Counties Community Unit School District No. 10, General Obligation Unlimited, |
||||||||
| Series C, AGM, |
||||||||
| 4.00%, 12/01/2026 |
110,000 | 110,061 | ||||||
| Rock Island County Public Building Commission, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 5.00%, 12/01/2030 |
530,000 | 561,260 | ||||||
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Illinois (continued) | ||||||||
| Southern Illinois University, Certificate of Participation, |
||||||||
| Series A-1, BAM, |
||||||||
| 4.00%, 02/15/2026 |
$ 455,000 | $ 455,158 | ||||||
| Southwestern Illinois Development Authority, Revenue Bonds, |
||||||||
| Series B, BAM-TCRS, |
||||||||
| 5.00%, 10/15/2026 |
900,000 | 929,153 | ||||||
| State of Illinois, General Obligation Unlimited |
||||||||
| 5.00%, 11/01/2035 |
3,740,000 | 3,862,284 | ||||||
| 5.50%, 05/01/2039 |
5,620,000 | 6,231,222 | ||||||
| Series B, |
||||||||
| 5.00%, 12/01/2032 - 10/01/2033 |
9,570,000 | 10,669,015 | ||||||
| Village of Bellwood, General Obligation Unlimited, |
||||||||
| Series B, AGM, |
||||||||
| 3.00%, 12/01/2029 |
1,000,000 | 998,642 | ||||||
| Village of Crestwood, General Obligation Unlimited |
||||||||
| BAM, |
||||||||
| 4.50%, 12/15/2027 - 12/15/2028 |
1,715,000 | 1,716,901 | ||||||
| Series B, BAM, |
||||||||
| 5.00%, 12/15/2028 - 12/15/2035 |
7,305,000 | 7,316,293 | ||||||
| Village of Dolton, General Obligation Unlimited, |
||||||||
| Series A, AGC, |
||||||||
| 4.50%, 12/01/2024 |
300,000 | 300,266 | ||||||
| Village of Lyons, General Obligation Unlimited |
||||||||
| Series B, BAM, |
||||||||
| 4.00%, 12/01/2037 |
1,050,000 | 1,082,992 | ||||||
| 5.00%, 12/01/2032 |
125,000 | 125,158 | ||||||
| Village of Matteson, Revenue Bonds, |
||||||||
| BAM, |
||||||||
| 5.00%, 12/01/2024 - 12/01/2035 |
1,975,000 | 2,113,373 | ||||||
| Village of Montgomery, Special Assessment |
||||||||
| BAM, |
||||||||
| 2.85%, 03/01/2024 |
126,000 | 125,899 | ||||||
| 3.10%, 03/01/2026 |
176,000 | 176,111 | ||||||
| 3.40%, 03/01/2029 |
609,000 | 612,234 | ||||||
| Village of Rosemont, General Obligation Unlimited, |
||||||||
| Series A, BAM, |
||||||||
| 5.00%, 12/01/2042 |
11,170,000 | 12,205,440 | ||||||
| Western Illinois Economic Development Authority, Revenue Bonds, |
||||||||
| 4.00%, 06/01/2024 - 06/01/2033 |
1,450,000 | 1,389,461 | ||||||
| Western Illinois University, Revenue Bonds, |
||||||||
| BAM, |
||||||||
| 5.00%, 04/01/2024 |
145,000 | 145,274 | ||||||
| Will County Community Unit School District No. 201-U, General Obligation Limited, |
||||||||
| Series E, AGM, |
||||||||
| 5.25%, 09/01/2042 |
3,605,000 | 3,981,858 | ||||||
|
|
|
|||||||
| 139,113,644 | ||||||||
|
|
|
|||||||
| Indiana - 3.5% | ||||||||
| Bloomington Redevelopment District, Tax Allocation, |
||||||||
| Series B, |
||||||||
| 5.25%, 08/01/2036 |
2,000,000 | 2,201,710 | ||||||
| Transamerica Funds |
Page 5 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Indiana (continued) | ||||||||
| Fishers Town Hall Building Corp., Revenue Bonds, |
||||||||
| Series A, BAM, |
||||||||
| 5.63%, 07/15/2053 |
$ 1,415,000 | $ 1,605,021 | ||||||
| 5.75%, 07/15/2058 - 01/15/2063 |
15,435,000 | 17,567,472 | ||||||
| Indiana Finance Authority, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 5.00%, 01/01/2052 |
790,000 | 819,046 | ||||||
| Series A, |
||||||||
| 3.00%, 11/01/2030 |
3,470,000 | 3,237,841 | ||||||
| Series B, |
||||||||
| 3.00%, 11/01/2030 |
625,000 | 583,185 | ||||||
| Series B, |
||||||||
| 2.50%, 11/01/2030 |
2,500,000 | 2,259,837 | ||||||
| Indiana Health Facility Financing Authority, Revenue Bonds, |
||||||||
| 5.00%, 11/15/2034 |
1,725,000 | 1,759,365 | ||||||
| Indianapolis Local Public Improvement Bond Bank, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 6.00%, 01/15/2042 (C) |
1,445,000 | 1,736,202 | ||||||
| Series F-1, BAM, |
||||||||
| 5.00%, 03/01/2058 |
5,065,000 | 5,369,541 | ||||||
| 5.25%, 03/01/2043 |
1,015,000 | 1,123,521 | ||||||
| Noblesville Redevelopment Authority, Revenue Bonds, |
||||||||
| 5.50%, 01/15/2046 |
1,750,000 | 1,953,833 | ||||||
|
|
|
|||||||
| 40,216,574 | ||||||||
|
|
|
|||||||
| Iowa - 0.7% | ||||||||
| City of Dubuque, General Obligation Unlimited, |
||||||||
| Series A, |
||||||||
| 2.00%, 06/01/2025 |
195,000 | 190,980 | ||||||
| Iowa Finance Authority, Revenue Bonds |
||||||||
| 5.00%, 05/15/2041 - 05/15/2047 |
7,790,000 | 6,376,102 | ||||||
| Series A, |
||||||||
| 4.00%, 05/15/2053 |
2,500,000 | 1,560,401 | ||||||
|
|
|
|||||||
| 8,127,483 | ||||||||
|
|
|
|||||||
| Kansas - 0.5% | ||||||||
| Jefferson County Unified School District No. 343, General Obligation Unlimited, |
||||||||
| 5.50%, 09/01/2048 |
150,000 | 164,790 | ||||||
| Kansas Development Finance Authority, Revenue Bonds, |
||||||||
| Series P, |
||||||||
| 3.00%, 05/01/2032 |
3,135,000 | 3,110,393 | ||||||
| Shawnee County Unified School District No. 372, General Obligation Unlimited, |
||||||||
| 5.50%, 09/01/2043 - 09/01/2054 |
2,265,000 | 2,485,466 | ||||||
|
|
|
|||||||
| 5,760,649 | ||||||||
|
|
|
|||||||
| Kentucky - 3.5% | ||||||||
| Kentucky Bond Development Corp., Revenue Bonds, |
||||||||
| BAM, |
||||||||
| 5.00%, 09/01/2049 |
5,840,000 | 6,143,499 | ||||||
| Kentucky Economic Development Finance Authority, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 12/01/2045 |
11,035,000 | 11,482,367 | ||||||
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Kentucky (continued) | ||||||||
| Kentucky Municipal Power Agency, Revenue Bonds |
||||||||
| NATL, |
||||||||
| 5.00%, 09/01/2032 |
$ 900,000 | $ 932,340 | ||||||
| Series A, |
||||||||
| Fixed until 03/01/2026, |
2,000,000 | 1,982,653 | ||||||
| Kentucky Public Energy Authority, Revenue Bonds |
||||||||
| Series A, |
||||||||
| 4.00% (B), 04/01/2048 |
7,380,000 | 7,389,751 | ||||||
| Series A-1, |
||||||||
| Fixed until 08/01/2030, |
8,000,000 | 8,011,381 | ||||||
| Kentucky State Property & Building Commission, Revenue Bonds, |
||||||||
| BAM-TCRS, |
||||||||
| 5.00%, 04/01/2029 |
1,635,000 | 1,744,674 | ||||||
| Kentucky State University, Certificate of Participation, |
||||||||
| BAM, |
||||||||
| 4.00%, 11/01/2041 - 11/01/2046 |
1,610,000 | 1,610,171 | ||||||
| Louisville & Jefferson County Visitors & Convention Commission, Revenue Bonds, |
||||||||
| AGM-CR, |
||||||||
| 4.00%, 06/01/2028 |
1,650,000 | 1,684,831 | ||||||
|
|
|
|||||||
| 40,981,667 | ||||||||
|
|
|
|||||||
| Louisiana - 2.1% | ||||||||
| City of Lafayette Utilities Revenue, Revenue Bonds, |
||||||||
| BAM, |
||||||||
| 5.13%, 11/01/2048 |
620,000 | 676,735 | ||||||
| Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 5.00%, 08/01/2027 - 08/01/2029 |
7,515,000 | 7,998,647 | ||||||
| Louisiana Public Facilities Authority, Revenue Bonds, |
||||||||
| 5.00%, 07/01/2022 - 07/01/2027 |
3,160,000 | 2,528,000 | ||||||
| New Orleans Aviation Board, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 5.00%, 10/01/2043 |
440,000 | 459,644 | ||||||
| Parish of St. John the Baptist, Revenue Bonds, |
||||||||
| Fixed until 07/01/2024, |
1,195,000 | 1,181,816 | ||||||
| Fixed until 07/01/2026, |
4,180,000 | 3,963,240 | ||||||
| Series B-2, |
||||||||
| Fixed until 07/01/2026, |
7,975,000 | 7,593,028 | ||||||
|
|
|
|||||||
| 24,401,110 | ||||||||
|
|
|
|||||||
| Maine - 0.3% | ||||||||
| Maine State Housing Authority, Revenue Bonds, |
||||||||
| Series C, |
||||||||
| 2.75%, 11/15/2031 |
545,000 | 503,321 | ||||||
| Series E, |
||||||||
| 4.45%, 11/15/2038 |
2,395,000 | 2,550,572 | ||||||
|
|
|
|||||||
| 3,053,893 | ||||||||
|
|
|
|||||||
| Transamerica Funds |
Page 6 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Maryland - 0.3% | ||||||||
| Maryland Health & Higher Educational Facilities Authority, Revenue Bonds, |
||||||||
| AGM-CR, |
||||||||
| 5.00%, 07/01/2033 - 07/01/2034 |
$ 2,915,000 | $ 3,354,698 | ||||||
| State of Maryland, General Obligation Unlimited, |
||||||||
| Series 1, |
||||||||
| 4.00%, 06/01/2030 |
465,000 | 465,919 | ||||||
|
|
|
|||||||
| 3,820,617 | ||||||||
|
|
|
|||||||
| Massachusetts - 1.3% | ||||||||
| Commonwealth of Massachusetts Transportation Fund Revenue, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.00%, 06/01/2053 |
3,295,000 | 3,622,695 | ||||||
| Lynn Housing Authority & Neighborhood Development, Revenue Bonds, |
||||||||
| 4.25%, 10/01/2028 |
315,000 | 315,068 | ||||||
| 4.38%, 10/01/2029 |
300,000 | 300,078 | ||||||
| Massachusetts Development Finance Agency, Revenue Bonds, |
||||||||
| 5.00%, 10/01/2039 |
250,000 | 254,664 | ||||||
| Series C, AGM, |
||||||||
| 4.00%, 10/01/2045 |
2,350,000 | 2,259,917 | ||||||
| Series D, |
||||||||
| 5.00%, 07/01/2054 |
2,500,000 | 2,690,905 | ||||||
| Series P, |
||||||||
| 5.45%, 05/15/2059 |
3,970,000 | 4,425,771 | ||||||
| Massachusetts Health & Educational Facilities Authority, Revenue Bonds, |
||||||||
| 5.50%, 06/01/2030 |
835,000 | 970,831 | ||||||
|
|
|
|||||||
| 14,839,929 | ||||||||
|
|
|
|||||||
| Michigan - 2.1% | ||||||||
| County of Genesee, General Obligation Limited, |
||||||||
| AGM, |
||||||||
| 5.00%, 11/01/2036 |
1,615,000 | 1,864,241 | ||||||
| Decatur Public School District, General Obligation Unlimited, |
||||||||
| 5.00%, 05/01/2048 (C) |
585,000 | 632,354 | ||||||
| Detroit Wayne County Stadium Authority, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 5.00%, 10/01/2026 |
2,090,000 | 2,092,178 | ||||||
| Dryden Community Schools, General Obligation Unlimited, |
||||||||
| AGM, |
||||||||
| 5.00%, 05/01/2036 - 05/01/2037 |
1,465,000 | 1,688,072 | ||||||
| East Grand Rapids Public School District, General Obligation Unlimited, |
||||||||
| Series I, |
||||||||
| 5.00%, 05/01/2050 - 05/01/2053 (C) |
1,055,000 | 1,130,328 | ||||||
| Eastern Michigan University, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 4.00%, 03/01/2044 |
2,450,000 | 2,430,095 | ||||||
| Eastpointe Community Schools, General Obligation Unlimited, |
||||||||
| 5.00%, 05/01/2048 |
765,000 | 823,576 | ||||||
| Great Lakes Water Authority Water Supply System Revenue, Revenue Bonds, |
||||||||
| Series B, |
||||||||
| 5.25%, 07/01/2053 |
700,000 | 785,163 | ||||||
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Michigan (continued) | ||||||||
| Lake City Area Schools, General Obligation Unlimited, |
||||||||
| BAM, |
||||||||
| 5.00%, 05/01/2035 |
$ 1,365,000 | $ 1,429,831 | ||||||
| Martin Public Schools, General Obligation Unlimited, |
||||||||
| Series I, |
||||||||
| 5.00%, 05/01/2050 - 05/01/2053 (C) |
1,395,000 | 1,516,678 | ||||||
| Michigan Finance Authority, Revenue Bonds, |
||||||||
| 4.00%, 12/01/2036 - 11/01/2037 |
5,450,000 | 5,582,698 | ||||||
| Michigan Strategic Fund, Revenue Bonds, |
||||||||
| 5.00%, 11/15/2049 |
2,175,000 | 1,823,908 | ||||||
| Tri-County Area School District, General Obligation Unlimited, |
||||||||
| AGM, |
||||||||
| 4.00%, 05/01/2044 |
1,725,000 | 1,730,805 | ||||||
| Zeeland Public Schools, General Obligation Unlimited, |
||||||||
| Series B, BAM, |
||||||||
| 5.00%, 05/01/2030 |
750,000 | 814,007 | ||||||
|
|
|
|||||||
| 24,343,934 | ||||||||
|
|
|
|||||||
| Minnesota - 2.7% | ||||||||
| City of Coon Rapids, Revenue Bonds, |
||||||||
| Series M, |
||||||||
| 5.60%, 12/01/2039 |
1,749,539 | 1,923,643 | ||||||
| City of Deephaven, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.38%, 10/01/2027 |
230,000 | 224,327 | ||||||
| 4.40%, 07/01/2025 |
50,000 | 49,829 | ||||||
| City of Minneapolis, Revenue Bonds, |
||||||||
| Series A, AGM-CR, |
||||||||
| 5.00%, 11/15/2035 - 11/15/2036 |
18,750,000 | 20,377,917 | ||||||
| City of Red Wing, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.00%, 08/01/2047 |
655,000 | 532,076 | ||||||
| City of Stillwater, Tax Allocation, |
||||||||
| 3.00%, 02/01/2024 - 02/01/2027 |
1,160,000 | 1,144,512 | ||||||
| Duluth Economic Development Authority, Revenue Bonds, |
||||||||
| 4.00%, 07/01/2041 |
905,000 | 711,050 | ||||||
| Housing & Redevelopment Authority of the City of St. Paul, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.00%, 12/01/2030 |
320,000 | 322,109 | ||||||
| Series B, |
||||||||
| 4.25%, 04/01/2025 (E) |
80,000 | 79,405 | ||||||
| Minneapolis Special School District No. 1, General Obligation Unlimited, |
||||||||
| Series B, |
||||||||
| 5.00%, 02/01/2031 |
510,000 | 544,791 | ||||||
| Minnesota Housing Finance Agency, Revenue Bonds, |
||||||||
| Series C, |
||||||||
| 3.45%, 02/01/2025 |
1,660,000 | 1,658,669 | ||||||
| Series D, GNMA, FNMA, FHLMC, |
||||||||
| 1.95%, 01/01/2032 |
1,125,000 | 988,539 | ||||||
| 2.00%, 07/01/2032 |
535,000 | 464,202 | ||||||
| Series F, GNMA, FNMA, FHLMC, |
||||||||
| 2.30%, 07/01/2032 |
555,000 | 503,175 | ||||||
| Transamerica Funds |
Page 7 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Minnesota (continued) | ||||||||
| Stillwater Independent School District No. 834, General Obligation Unlimited, |
||||||||
| Series A, |
||||||||
| 5.00%, 02/01/2026 |
$ 1,020,000 | $ 1,021,626 | ||||||
| Township of Baytown, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.00%, 08/01/2036 |
620,000 | 560,744 | ||||||
|
|
|
|||||||
| 31,106,614 | ||||||||
|
|
|
|||||||
| Mississippi - 0.3% | ||||||||
| Mississippi Development Bank, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 6.88%, 12/01/2040 |
3,160,000 | 3,172,921 | ||||||
|
|
|
|||||||
| Missouri - 0.3% | ||||||||
| Health & Educational Facilities Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.00%, 02/01/2029 |
2,145,000 | 2,168,181 | ||||||
| Missouri Housing Development Commission, Revenue Bonds, |
||||||||
| Series B, GNMA, FNMA, FHLMC, |
||||||||
| 2.55%, 11/01/2029 |
135,000 | 127,780 | ||||||
| St. Louis Municipal Finance Corp., Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 02/15/2030 - 02/15/2033 |
1,375,000 | 1,449,911 | ||||||
|
|
|
|||||||
| 3,745,872 | ||||||||
|
|
|
|||||||
| Montana - 0.2% | ||||||||
| City of Forsyth, Revenue Bonds, |
||||||||
| 3.88%, 07/01/2028 |
1,940,000 | 1,968,096 | ||||||
|
|
|
|||||||
| Nebraska - 0.5% | ||||||||
| Nebraska Investment Finance Authority, Revenue Bonds, |
||||||||
| Series E, GNMA, FNMA, FHLMC, |
||||||||
| 4.65%, 09/01/2043 |
2,725,000 | 2,788,720 | ||||||
| Nebraska State Colleges, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 5.00%, 07/01/2048 - 07/01/2053 |
3,275,000 | 3,554,996 | ||||||
|
|
|
|||||||
| 6,343,716 | ||||||||
|
|
|
|||||||
| Nevada - 1.4% | ||||||||
| Henderson Local Improvement Districts, Special Assessment, |
||||||||
| 2.50%, 09/01/2025 |
65,000 | 63,535 | ||||||
| Henderson Redevelopment Agency, Tax Allocation, |
||||||||
| 5.25%, 04/01/2043 - 04/01/2050 |
6,900,000 | 7,514,876 | ||||||
| State of Nevada, General Obligation Limited, |
||||||||
| Series D, |
||||||||
| 5.00%, 04/01/2024 |
3,070,000 | 3,080,145 | ||||||
| State of Nevada Department of Business & Industry, Revenue Bonds, |
||||||||
| 8.13% (B), 01/01/2050 (A) |
5,000,000 | 5,063,334 | ||||||
|
|
|
|||||||
| 15,721,890 | ||||||||
|
|
|
|||||||
| New Hampshire - 0.6% | ||||||||
| New Hampshire Business Finance Authority, Revenue Bonds, |
||||||||
| Series A, BAM, |
||||||||
| 5.25%, 12/01/2041 - 06/01/2051 |
6,515,000 | 7,233,422 | ||||||
|
|
|
|||||||
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| New Jersey - 2.8% | ||||||||
| City of Newark, General Obligation Unlimited, |
||||||||
| BAM, |
||||||||
| 4.00%, 02/15/2032 - 02/15/2035 |
$ 4,900,000 | $ 5,175,767 | ||||||
| City of Newark Mass Transit Access Tax Revenue, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 5.00%, 11/15/2042 |
920,000 | 1,022,883 | ||||||
| 5.38%, 11/15/2052 |
2,695,000 | 3,025,461 | ||||||
| 6.00%, 11/15/2062 |
10,075,000 | 11,654,622 | ||||||
| Essex County Improvement Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.00%, 12/01/2035 (F) (G) |
535,000 | 321,000 | ||||||
| New Jersey Economic Development Authority, Revenue Bonds, |
||||||||
| 5.00%, 11/01/2044 |
440,000 | 465,253 | ||||||
| Series A, |
||||||||
| 4.25%, 09/01/2027 (A) |
155,000 | 153,777 | ||||||
| 5.00%, 09/01/2037 (A) |
750,000 | 747,642 | ||||||
| Series A, BAM, |
||||||||
| 3.13%, 07/01/2031 |
2,415,000 | 2,390,141 | ||||||
| 5.00%, 07/01/2027 |
1,760,000 | 1,861,655 | ||||||
| Series A, BAM-TCRS, |
||||||||
| 5.00%, 06/15/2027 |
2,445,000 | 2,627,142 | ||||||
| Series WW, |
||||||||
| 5.25%, 06/15/2040 |
85,000 | 87,647 | ||||||
| New Jersey Transportation Trust Fund Authority, Revenue Bonds, |
||||||||
| Series BB, |
||||||||
| 5.25%, 06/15/2050 |
1,925,000 | 2,122,329 | ||||||
| Newark Board of Education, General Obligation Unlimited, |
||||||||
| BAM, |
||||||||
| 5.00%, 07/15/2031 |
960,000 | 1,087,179 | ||||||
|
|
|
|||||||
| 32,742,498 | ||||||||
|
|
|
|||||||
| New York - 6.2% | ||||||||
| Brooklyn Arena Local Development Corp., Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 4.00%, 07/15/2029 - 07/15/2035 |
2,710,000 | 2,740,486 | ||||||
| Buffalo & Erie County Industrial Land Development Corp., Revenue Bonds, |
||||||||
| 3.88%, 08/01/2027 |
2,245,000 | 2,185,199 | ||||||
| 5.00%, 08/01/2037 |
1,295,000 | 1,278,746 | ||||||
| East Ramapo Central School District, General Obligation Unlimited, |
||||||||
| AGM, |
||||||||
| 5.00%, 03/15/2043 - 03/15/2047 |
4,370,000 | 4,634,185 | ||||||
| Long Island Power Authority, Revenue Bonds, |
||||||||
| Series E, AGM, |
||||||||
| 5.00%, 09/01/2053 |
12,640,000 | 14,000,621 | ||||||
| Metropolitan Transportation Authority, Revenue Bonds, |
||||||||
| Series D-1, BAM, |
||||||||
| 5.00%, 11/15/2033 |
6,635,000 | 6,809,002 | ||||||
| New York City Housing Development Corp., Revenue Bonds, |
||||||||
| Series I, FNMA, |
||||||||
| Fixed until 02/01/2026, |
3,620,000 | 3,569,924 | ||||||
| Transamerica Funds |
Page 8 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| New York (continued) | ||||||||
| New York City Industrial Development Agency, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 4.00%, 03/01/2032 |
$ 4,310,000 | $ 4,517,995 | ||||||
| 5.00%, 01/01/2030 |
1,030,000 | 1,147,124 | ||||||
| New York Counties Tobacco Trust VI, Revenue Bonds, |
||||||||
| Series C, |
||||||||
| 3.75%, 06/01/2045 |
180,000 | 144,203 | ||||||
| New York Power Authority, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 4.00%, 11/15/2047 |
1,280,000 | 1,270,791 | ||||||
| New York State Dormitory Authority, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 4.00%, 10/01/2034 |
530,000 | 557,085 | ||||||
| Series A-1, |
||||||||
| 4.00%, 07/01/2043 |
4,405,000 | 4,461,790 | ||||||
| 4.25%, 07/01/2048 |
1,970,000 | 1,999,614 | ||||||
| New York State Housing Finance Agency, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| Fixed until 05/01/2027, |
1,625,000 | 1,630,530 | ||||||
| Fixed until 11/01/2028, |
2,255,000 | 2,260,390 | ||||||
| New York State Thruway Authority, Revenue Bonds, |
||||||||
| Series B, AGM, |
||||||||
| 4.00%, 01/01/2045 |
3,680,000 | 3,685,775 | ||||||
| Series P, |
||||||||
| 5.25%, 01/01/2054 |
3,460,000 | 3,847,278 | ||||||
| Oneida County Local Development Corp., Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 4.00%, 12/01/2036 |
120,000 | 121,561 | ||||||
| 5.00%, 12/01/2026 - 12/01/2029 |
4,350,000 | 4,353,436 | ||||||
| South Orangetown Central School District, General Obligation Unlimited, |
||||||||
| 5.00%, 12/01/2024 |
535,000 | 544,218 | ||||||
| Syracuse Industrial Development Agency, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.00%, 05/01/2036 |
575,000 | 599,043 | ||||||
| Westchester County Local Development Corp., Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 5.00%, 11/01/2051 |
3,010,000 | 3,172,401 | ||||||
| 5.75%, 11/01/2049 - 11/01/2053 |
1,905,000 | 2,158,722 | ||||||
|
|
|
|||||||
| 71,690,119 | ||||||||
|
|
|
|||||||
| North Carolina - 0.8% | ||||||||
| City of Greensboro Combined Water & Sewer System Revenue, Revenue Bonds, |
||||||||
| 4.00%, 06/01/2028 |
140,000 | 141,510 | ||||||
| North Carolina Housing Finance Agency, Revenue Bonds, |
||||||||
| Series 38-B, |
||||||||
| 2.38%, 01/01/2025 |
635,000 | 624,227 | ||||||
| 2.45%, 07/01/2025 |
355,000 | 347,051 | ||||||
| North Carolina Medical Care Commission, Revenue Bonds, |
||||||||
| Series B-1, |
||||||||
| 2.55%, 09/01/2026 |
1,550,000 | 1,472,393 | ||||||
| Series B-2, |
||||||||
| 2.30%, 09/01/2025 |
1,250,000 | 1,207,918 | ||||||
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| North Carolina (continued) | ||||||||
| North Carolina Turnpike Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.00%, 01/01/2054 - 01/01/2058 |
$ 4,250,000 | $ 4,559,549 | ||||||
| Winston-Salem State University, Revenue Bonds, |
||||||||
| BAM, |
||||||||
| 5.00%, 06/01/2030 - 06/01/2033 |
1,235,000 | 1,284,860 | ||||||
|
|
|
|||||||
| 9,637,508 | ||||||||
|
|
|
|||||||
| North Dakota - 0.1% | ||||||||
| City of Grand Forks, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 12/01/2040 - 12/01/2042 |
640,000 | 696,777 | ||||||
|
|
|
|||||||
| Ohio - 4.5% | ||||||||
| American Municipal Power, Inc., Revenue Bonds, |
||||||||
| BAM-TCRS, |
||||||||
| 4.00%, 02/15/2034 |
3,245,000 | 3,452,837 | ||||||
| Brunswick City School District, General Obligation Unlimited, |
||||||||
| BAM, |
||||||||
| 5.50%, 12/01/2060 |
9,075,000 | 9,916,102 | ||||||
| Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, |
||||||||
| Series B-2, Class 2, |
||||||||
| 5.00%, 06/01/2055 |
18,935,000 | 17,876,950 | ||||||
| Series B-3, Class 2, |
||||||||
| Zero Coupon, 06/01/2057 |
38,000,000 | 3,885,048 | ||||||
| Cardinal Local School District, Certificate of Participation, |
||||||||
| 5.25%, 04/01/2038 |
250,000 | 245,816 | ||||||
| City of Toledo, General Obligation Limited |
||||||||
| BAM, |
||||||||
| 5.00%, 12/01/2032 |
1,500,000 | 1,726,211 | ||||||
| 5.25%, 12/01/2035 - 12/01/2037 |
1,405,000 | 1,660,778 | ||||||
| Columbus Metropolitan Housing Authority, Revenue Bonds, |
||||||||
| 4.00%, 08/01/2036 |
435,000 | 432,134 | ||||||
| County of Allen Hospital Facilities Revenue, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.00%, 12/01/2040 |
1,000,000 | 1,004,836 | ||||||
| County of Hamilton, Revenue Bonds, |
||||||||
| 5.00%, 02/01/2024 |
50,000 | 50,000 | ||||||
| County of Scioto, Revenue Bonds, |
||||||||
| AGM-CR, |
||||||||
| 3.50%, 02/15/2038 |
130,000 | 122,668 | ||||||
| Ohio Air Quality Development Authority, Revenue Bonds, |
||||||||
| Series B, |
||||||||
| Fixed until 11/01/2024, |
1,675,000 | 1,621,781 | ||||||
| Series C, |
||||||||
| Fixed until 11/04/2025, |
2,000,000 | 1,857,929 | ||||||
| Ohio Housing Finance Agency, Revenue Bonds, |
||||||||
| Series D, GNMA, FNMA, FHLMC, |
||||||||
| 3.05%, 09/01/2032 |
490,000 | 466,375 | ||||||
| 3.40%, 09/01/2037 |
1,465,000 | 1,378,456 | ||||||
| Triway Local School District, Certificate of Participation, |
||||||||
| BAM, |
||||||||
| 5.00%, 12/01/2047 |
2,000,000 | 2,104,321 | ||||||
| Transamerica Funds |
Page 9 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Ohio (continued) | ||||||||
| Wayne County Southeast Local School District, Certificate of Participation, |
||||||||
| BAM, |
||||||||
| 4.00%, 12/01/2033 |
$ 445,000 | $ 475,980 | ||||||
| West Holmes Local School District, Certificate of Participation, |
||||||||
| 5.25%, 12/01/2042 - 12/01/2053 |
3,815,000 | 4,142,086 | ||||||
|
|
|
|||||||
| 52,420,308 | ||||||||
|
|
|
|||||||
| Oregon - 1.0% | ||||||||
| City of Portland Water System Revenue, Revenue Bonds, |
||||||||
| Series B, |
||||||||
| 5.00%, 05/01/2024 |
1,415,000 | 1,421,248 | ||||||
| Klamath Falls Intercommunity Hospital Authority, Revenue Bonds, |
||||||||
| 3.00%, 09/01/2035 |
700,000 | 661,214 | ||||||
| Medford Hospital Facilities Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 5.00%, 08/15/2037 |
1,430,000 | 1,554,112 | ||||||
| Oregon Health & Science University, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.00%, 07/01/2044 |
1,300,000 | 1,302,995 | ||||||
| Oregon State Facilities Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.00%, 06/01/2041 |
1,015,000 | 992,333 | ||||||
| 5.50%, 06/15/2035 (A) |
750,000 | 751,218 | ||||||
| State of Oregon Housing & Community Services Department, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 2.45%, 07/01/2034 |
3,090,000 | 2,712,196 | ||||||
| Washington & Multnomah Counties School District No. 48J, General Obligation Unlimited, |
||||||||
| 5.00%, 06/15/2029 |
2,500,000 | 2,517,200 | ||||||
|
|
|
|||||||
| 11,912,516 | ||||||||
|
|
|
|||||||
| Pennsylvania - 5.5% | ||||||||
| Allegheny County Hospital Development Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.00%, 07/15/2036 - 07/15/2038 |
11,200,000 | 11,395,103 | ||||||
| Beaver County Economic Development Authority, Revenue Bonds, |
||||||||
| BAM, |
||||||||
| 4.00%, 11/15/2035 - 11/15/2036 |
3,110,000 | 3,203,642 | ||||||
| Brentwood School District, General Obligation Limited, |
||||||||
| 5.00%, 05/15/2043 - 05/15/2048 |
1,465,000 | 1,539,634 | ||||||
| Bucks County Industrial Development Authority, Revenue Bonds, |
||||||||
| 4.00%, 08/15/2044 |
535,000 | 536,065 | ||||||
| 5.00%, 10/01/2033 |
825,000 | 845,179 | ||||||
| Chester County School Authority, Revenue Bonds, |
||||||||
| 5.00%, 04/01/2042 - 04/01/2044 (C) |
2,425,000 | 2,606,641 | ||||||
| Commonwealth of Pennsylvania, General Obligation Unlimited, |
||||||||
| Series 2020-1, |
||||||||
| 5.00%, 05/01/2024 |
5,000,000 | 5,023,077 | ||||||
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Pennsylvania (continued) | ||||||||
| County of Lackawanna, General Obligation Unlimited, |
||||||||
| BAM, |
||||||||
| 4.00%, 09/15/2033 |
$ 2,540,000 | $ 2,594,533 | ||||||
| Cumberland County Municipal Authority, Revenue Bonds, |
||||||||
| 5.00%, 01/01/2029 |
840,000 | 838,878 | ||||||
| Cumberland Valley School District, General Obligation Limited, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 11/15/2047 |
1,000,000 | 1,083,042 | ||||||
| Erie Sewer Authority, Revenue Bonds, |
||||||||
| Series B, AGM, |
||||||||
| 5.00%, 12/01/2036 |
2,000,000 | 2,213,913 | ||||||
| Hospitals & Higher Education Facilities Authority of Philadelphia, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 5.00%, 07/01/2035 - 07/01/2036 |
5,900,000 | 6,536,598 | ||||||
| Lancaster Industrial Development Authority, Revenue Bonds, |
||||||||
| 4.00%, 12/01/2044 |
755,000 | 689,437 | ||||||
| Montgomery County Higher Education & Health Authority, Revenue Bonds, |
||||||||
| AGM-CR, |
||||||||
| 4.00%, 09/01/2049 |
3,235,000 | 3,150,282 | ||||||
| Pennsylvania Housing Finance Agency, Revenue Bonds, |
||||||||
| Series 121, |
||||||||
| 2.20%, 04/01/2026 |
1,190,000 | 1,145,773 | ||||||
| 2.25%, 10/01/2026 |
305,000 | 292,627 | ||||||
| Series 124B, |
||||||||
| 2.65%, 04/01/2028 |
475,000 | 460,854 | ||||||
| 2.75%, 10/01/2028 |
275,000 | 265,689 | ||||||
| Series 129, |
||||||||
| 2.40%, 10/01/2028 |
410,000 | 387,607 | ||||||
| 2.45%, 04/01/2029 - 10/01/2029 |
2,355,000 | 2,203,681 | ||||||
| 2.55%, 04/01/2030 |
1,170,000 | 1,100,070 | ||||||
| Pennsylvania Turnpike Commission, Revenue Bonds |
||||||||
| Series B, BAM-TCRS, |
||||||||
| 5.25%, 12/01/2044 |
7,420,000 | 7,530,785 | ||||||
| Series C, AGM, |
||||||||
| 6.25% (D), 06/01/2033 |
770,000 | 830,858 | ||||||
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue, Revenue Bonds, |
||||||||
| Series B, |
||||||||
| 5.00%, 12/01/2038 |
525,000 | 555,310 | ||||||
| Philadelphia Gas Works Co., Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 08/01/2050 |
1,130,000 | 1,208,485 | ||||||
| Pottsville Hospital Authority, Revenue Bonds, |
||||||||
| Series B, |
||||||||
| 5.00%, 07/01/2045 |
1,825,000 | 1,857,482 | ||||||
| School District of Philadelphia, General Obligation Limited |
||||||||
| 5.00%, 09/01/2024 |
500,000 | 504,388 | ||||||
| Series A, |
||||||||
| 4.00%, 09/01/2036 |
910,000 | 928,710 | ||||||
| Transamerica Funds |
Page 10 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Pennsylvania (continued) | ||||||||
| State Public School Building Authority, Revenue Bonds, |
||||||||
| 5.00%, 06/01/2032 |
$ 1,765,000 | $ 1,845,564 | ||||||
| Woodland Hills School District, General Obligation Limited, |
||||||||
| 4.00%, 09/01/2042 (C) |
265,000 | 264,678 | ||||||
|
|
|
|||||||
| 63,638,585 | ||||||||
|
|
|
|||||||
| Puerto Rico - 0.4% | ||||||||
| Children’s Trust Fund, Revenue Bonds, |
||||||||
| 5.63%, 05/15/2043 |
125,000 | 126,615 | ||||||
| Puerto Rico Electric Power Authority, Revenue Bonds, |
||||||||
| Series DDD, AGM, |
||||||||
| 3.65%, 07/01/2024 |
620,000 | 616,448 | ||||||
| Series RR, AGC, |
||||||||
| 5.00%, 07/01/2028 |
345,000 | 344,040 | ||||||
| Series SS, AGC, |
||||||||
| 4.38%, 07/01/2030 |
145,000 | 140,017 | ||||||
| Series SS, AGM, |
||||||||
| 5.00%, 07/01/2030 |
2,100,000 | 2,089,900 | ||||||
| Series UU, AGC, |
||||||||
| 4.25%, 07/01/2027 |
20,000 | 19,528 | ||||||
| 5.00%, 07/01/2026 |
650,000 | 649,966 | ||||||
| Series UU, AGM, |
||||||||
| 5.00%, 07/01/2024 |
400,000 | 400,017 | ||||||
| Series VV, AGM, |
||||||||
| 5.25%, 07/01/2027 |
40,000 | 40,010 | ||||||
| Puerto Rico Municipal Finance Agency, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 08/01/2027 |
690,000 | 694,771 | ||||||
|
|
|
|||||||
| 5,121,312 | ||||||||
|
|
|
|||||||
| Rhode Island - 0.6% | ||||||||
| Providence Public Building Authority, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 09/15/2028 - 09/15/2034 |
4,375,000 | 4,623,600 | ||||||
| Rhode Island Commerce Corp., Revenue Bonds, |
||||||||
| BAM-TCRS, |
||||||||
| 5.00%, 07/01/2034 |
1,395,000 | 1,523,915 | ||||||
| Rhode Island Housing & Mortgage Finance Corp., Revenue Bonds, |
||||||||
| Series 71, GNMA, |
||||||||
| 2.75%, 10/01/2034 |
890,000 | 816,220 | ||||||
|
|
|
|||||||
| 6,963,735 | ||||||||
|
|
|
|||||||
| South Carolina - 0.8% | ||||||||
| City of Rock Hill Combined Utility System Revenue, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.00%, 01/01/2049 (C) |
1,500,000 | 1,482,461 | ||||||
| 5.00%, 01/01/2054 (C) |
1,000,000 | 1,081,220 | ||||||
| South Carolina Jobs-Economic Development Authority, Revenue Bonds, |
||||||||
| 5.00%, 10/01/2026 (A) |
1,275,000 | 1,269,267 | ||||||
| 5.00%, 02/01/2036 |
1,165,000 | 1,196,925 | ||||||
| Series A, |
||||||||
| 4.00%, 12/01/2044 |
3,690,000 | 3,681,853 | ||||||
|
|
|
|||||||
| 8,711,726 | ||||||||
|
|
|
|||||||
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| South Dakota - 0.2% | ||||||||
| Brookings School District No. 005-1, General Obligation Limited, |
||||||||
| AGM, |
||||||||
| 5.50%, 06/15/2043 |
$ 1,675,000 | $ 1,959,015 | ||||||
|
|
|
|||||||
| Tennessee - 2.6% | ||||||||
| Chattanooga Health Educational & Housing Facility Board, Revenue Bonds, |
||||||||
| Series A-1, |
||||||||
| 4.00%, 08/01/2044 |
2,490,000 | 2,389,107 | ||||||
| County of Marshall Water Revenue, Revenue Bonds, |
||||||||
| 4.00%, 06/01/2045 |
750,000 | 743,229 | ||||||
| 4.25%, 06/01/2053 |
755,000 | 754,009 | ||||||
| 5.00%, 06/01/2049 |
1,500,000 | 1,625,177 | ||||||
| Knox County Health Educational & Housing Facility Board, Revenue Bonds, |
||||||||
| Series A-1, |
||||||||
| 5.00%, 07/01/2042 - 07/01/2064 |
5,020,000 | 5,307,406 | ||||||
| 5.25%, 07/01/2049 |
5,220,000 | 5,674,123 | ||||||
| 5.50%, 07/01/2054 - 07/01/2059 |
5,225,000 | 5,718,263 | ||||||
| Metropolitan Government Nashville & Davidson County Sports Authority, Revenue Bonds, |
||||||||
| Series B, AGM, |
||||||||
| 5.25%, 07/01/2056 |
4,705,000 | 5,175,648 | ||||||
| New Memphis Arena Public Building Authority, Revenue Bonds, |
||||||||
| Zero Coupon (D), 04/01/2029 |
550,000 | 508,704 | ||||||
| Tennessee Housing Development Agency, Revenue Bonds, |
||||||||
| Series 1, |
||||||||
| 2.95%, 01/01/2026 |
45,000 | 44,261 | ||||||
| Series B-2, |
||||||||
| 2.25%, 01/01/2025 |
40,000 | 39,202 | ||||||
| 2.95%, 07/01/2028 |
1,785,000 | 1,732,614 | ||||||
|
|
|
|||||||
| 29,711,743 | ||||||||
|
|
|
|||||||
| Texas - 1.2% | ||||||||
| City of Arlington, General Obligation Limited, |
||||||||
| 3.10%, 08/15/2031 |
985,000 | 972,444 | ||||||
| City of Dallas, General Obligation Limited, |
||||||||
| Series B, |
||||||||
| 5.00%, 02/15/2024 |
2,000,000 | 2,001,252 | ||||||
| City of McAllen International Toll Bridge Revenue, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 03/01/2024 |
1,000,000 | 1,001,294 | ||||||
| City of Round Rock, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 4.00%, 12/01/2037 |
1,010,000 | 1,055,463 | ||||||
| City of Rowlett, Special Assessment, |
||||||||
| 3.13%, 09/15/2031 (A) |
226,000 | 207,331 | ||||||
| Dallas County Flood Control District No. 1, General Obligation Unlimited, |
||||||||
| 5.00%, 04/01/2024 (A) |
800,000 | 799,620 | ||||||
| El Paso County Hospital District, General Obligation Limited, |
||||||||
| 5.00%, 08/15/2026 |
150,000 | 150,161 | ||||||
| Harris County Municipal Utility District No. 171, General Obligation Unlimited, |
||||||||
| BAM, |
||||||||
| 6.88%, 12/01/2031 |
80,000 | 94,605 | ||||||
| Transamerica Funds |
Page 11 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Texas (continued) | ||||||||
| Harris County Sports Authority, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 11/15/2027 |
$ 35,000 | $ 35,452 | ||||||
| Houston Housing Finance Corp., Revenue Bonds, |
||||||||
| Fixed until 02/01/2024, |
1,500,000 | 1,500,000 | ||||||
| Meyer Ranch Municipal Utility District, General Obligation Unlimited, |
||||||||
| BAM, |
||||||||
| 4.38%, 08/15/2042 |
660,000 | 667,174 | ||||||
| Montgomery County Municipal Utility District No. 113, General Obligation Unlimited, |
||||||||
| AGM, |
||||||||
| 3.00%, 09/01/2033 |
150,000 | 141,179 | ||||||
| New Hope Cultural Education Facilities Finance Corp., Revenue Bonds, |
||||||||
| 5.00%, 01/01/2026 - 01/01/2028 |
2,185,000 | 2,174,027 | ||||||
| Old Spanish Trail-Alemda Corridors Redevelopment Authority, Tax Allocation, |
||||||||
| BAM, |
||||||||
| 4.00%, 09/01/2036 |
1,075,000 | 1,083,684 | ||||||
| Pottsboro Higher Education Finance Corp., Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 3.88%, 08/15/2026 |
105,000 | 102,071 | ||||||
| Southwest Houston Redevelopment Authority, Tax Allocation, |
||||||||
| Series B, AGM, |
||||||||
| 5.00%, 09/01/2034 |
2,000,000 | 2,147,903 | ||||||
|
|
|
|||||||
| 14,133,660 | ||||||||
|
|
|
|||||||
| U.S. Virgin Islands - 0.0% (H) | ||||||||
| Virgin Islands Public Finance Authority, Revenue Bonds, |
||||||||
| Series A, AGM-CR, |
||||||||
| 5.00%, 10/01/2032 (E) |
190,000 | 190,161 | ||||||
|
|
|
|||||||
| Utah - 0.2% | ||||||||
| County of Utah, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.00%, 05/15/2041 |
920,000 | 921,809 | ||||||
| Utah Charter School Finance Authority, Revenue Bonds, |
||||||||
| 4.25%, 04/15/2034 |
120,000 | 120,106 | ||||||
| Series A, |
||||||||
| 5.00%, 04/15/2043 |
1,340,000 | 1,435,465 | ||||||
|
|
|
|||||||
| 2,477,380 | ||||||||
|
|
|
|||||||
| Vermont - 0.0% (H) | ||||||||
| Vermont Housing Finance Agency, Revenue Bonds, |
||||||||
| Series A, GNMA, FNMA, FHLMC, |
||||||||
| 3.13%, 11/01/2042 |
550,000 | 477,749 | ||||||
|
|
|
|||||||
| Virginia - 3.0% | ||||||||
| Chesapeake Bay Bridge & Tunnel District, Revenue Bonds, |
||||||||
| AGM, |
||||||||
| 5.00%, 07/01/2041 |
440,000 | 453,970 | ||||||
| City of Franklin, General Obligation Unlimited, |
||||||||
| 5.00%, 01/15/2048 |
405,000 | 450,914 | ||||||
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Virginia (continued) | ||||||||
| County of Fairfax, General Obligation Unlimited, |
||||||||
| Series A, |
||||||||
| 4.00%, 10/01/2034 |
$ 2,740,000 | $ 2,871,467 | ||||||
| County of Henrico Water & Sewer Revenue, Revenue Bonds, |
||||||||
| 4.00%, 05/01/2030 - 05/01/2032 |
4,865,000 | 4,876,094 | ||||||
| Fairfax County Industrial Development Authority, Revenue Bonds, |
||||||||
| Series A, |
||||||||
| 4.00%, 05/15/2048 |
2,915,000 | 2,843,212 | ||||||
| Isle Wight County Industrial Development Authority, Revenue Bonds, |
||||||||
| 4.75%, 07/01/2053 |
4,000,000 | 4,139,442 | ||||||
| 5.25%, 07/01/2043 - 07/01/2053 |
9,045,000 | 9,964,547 | ||||||
| Virginia Public School Authority, Revenue Bonds, |
||||||||
| 4.00%, 03/01/2032 |
1,105,000 | 1,160,086 | ||||||
| Series B, |
||||||||
| 5.00%, 08/01/2024 |
2,500,000 | 2,525,118 | ||||||
| Williamsburg Economic Development Authority, Revenue Bonds, |
||||||||
| Series A, AGM, |
||||||||
| 5.00%, 07/01/2033 |
1,350,000 | 1,587,420 | ||||||
| 5.25%, 07/01/2053 |
2,595,000 | 2,871,409 | ||||||
| Series B, |
||||||||
| 5.25%, 07/01/2053 |
1,000,000 | 1,092,496 | ||||||
|
|
|
|||||||
| 34,836,175 | ||||||||
|
|
|
|||||||
| Washington - 1.7% | ||||||||
| Central Puget Sound Regional Transit Authority, Revenue Bonds, |
||||||||
| NATL, |
||||||||
| 4.75%, 02/01/2028 |
40,000 | 40,569 | ||||||
| Everett Housing Authority, Revenue Bonds, |
||||||||
| 4.00%, 07/01/2036 |
1,495,000 | 1,491,213 | ||||||
| Public Hospital District 1A of Whitman County, General Obligation Unlimited |
||||||||
| Series A, |
||||||||
| 5.00%, 12/01/2053 |
1,500,000 | 1,579,281 | ||||||
| 5.50%, 12/01/2043 |
600,000 | 671,573 | ||||||
| Public Utility District No. 1 of Benton County, Revenue Bonds, |
||||||||
| 5.00%, 11/01/2048 |
1,215,000 | 1,311,756 | ||||||
| Snohomish County Housing Authority, Revenue Bonds, |
||||||||
| 4.00%, 04/01/2033 |
13,555,000 | 14,040,929 | ||||||
| Washington State Housing Finance Commission, Revenue Bonds, |
||||||||
| 5.00%, 07/01/2033 (A) |
375,000 | 373,315 | ||||||
|
|
|
|||||||
| 19,508,636 | ||||||||
|
|
|
|||||||
| West Virginia - 0.1% | ||||||||
| West Virginia Economic Development Authority, Revenue Bonds, |
||||||||
| Series A-1, AGM, |
| |||||||
| 4.00%, 07/01/2041 |
940,000 | 927,975 | ||||||
|
|
|
|||||||
| Wisconsin - 3.9% | ||||||||
| City of Milwaukee, General Obligation Unlimited, |
||||||||
| Series N3, BAM-TCRS, |
||||||||
| 5.00%, 04/01/2031 |
2,685,000 | 3,025,054 | ||||||
| Transamerica Funds |
Page 12 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
| Principal | Value | |||||||
| MUNICIPAL GOVERNMENT OBLIGATIONS (continued) | ||||||||
| Wisconsin (continued) | ||||||||
| Neenah Joint School District, General Obligation Unlimited, |
||||||||
| 5.00%, 03/01/2024 |
$ 2,585,000 | $ 2,588,620 | ||||||
| Public Finance Authority, Revenue Bonds, |
||||||||
| 3.00%, 04/01/2025 (A) (E) |
20,000 | 19,967 | ||||||
| 3.00%, 04/01/2025 (A) |
150,000 | 146,576 | ||||||
| 4.00%, 09/01/2029 (A) |
800,000 | 760,310 | ||||||
| AGM, |
||||||||
| 5.00%, 07/01/2037 |
1,895,000 | 2,000,613 | ||||||
| BAM, |
||||||||
| 5.25%, 07/01/2042 |
6,150,000 | 6,819,942 | ||||||
| 5.38%, 07/01/2047 |
6,825,000 | 7,516,577 | ||||||
| 5.50%, 07/01/2052 |
10,760,000 | 11,866,783 | ||||||
| 5.63%, 07/01/2055 |
5,880,000 | 6,540,573 | ||||||
| Series A, |
||||||||
| 4.00%, 01/01/2045 |
275,000 | 262,245 | ||||||
| 5.00%, 07/01/2038 |
425,000 | 427,156 | ||||||
| Series A, AGM, |
||||||||
| 5.00%, 07/01/2036 |
340,000 | 363,156 | ||||||
| Wisconsin Health & Educational Facilities Authority, Revenue Bonds, |
||||||||
| 5.00%, 08/01/2032 - 12/15/2044 |
2,400,000 | 2,046,924 | ||||||
| Series A, |
||||||||
| 5.13%, 04/01/2057 |
1,000,000 | 789,066 | ||||||
|
|
|
|||||||
| 45,173,562 | ||||||||
|
|
|
|||||||
| Wyoming - 0.4% | ||||||||
| Snake River Sporting Club Improvement & Service District, General Obligation Unlimited |
||||||||
| Series A, |
||||||||
| 4.25%, 07/15/2044 |
535,000 | 534,604 | ||||||
| 5.50%, 07/15/2048 |
805,000 | 869,649 | ||||||
| Wyoming Community Development Authority, Revenue Bonds, |
||||||||
| Series 1, |
||||||||
| 2.30%, 12/01/2031 |
255,000 | 229,635 | ||||||
| Series 2, |
||||||||
| 2.95%, 06/01/2033 |
2,485,000 | 2,398,728 | ||||||
|
|
|
|||||||
| 4,032,616 | ||||||||
|
|
|
|||||||
| Total Municipal Government Obligations |
|
1,066,272,695 | ||||||
|
|
|
|||||||
| U.S. GOVERNMENT OBLIGATION - 1.8% | ||||||||
| U.S. Treasury - 1.8% | ||||||||
| U.S. Treasury Notes |
||||||||
| 4.75%, 11/15/2043 |
20,000,000 | 21,128,125 | ||||||
|
|
|
|||||||
| Total U.S. Government Obligation |
|
21,128,125 | ||||||
|
|
|
|||||||
| SHORT-TERM U.S. GOVERNMENT OBLIGATION - 3.0% | ||||||||
| U.S. Treasury Bills |
| |||||||
| 5.39% (I), 02/27/2024 |
35,000,000 | 34,867,229 | ||||||
|
|
|
|||||||
| Total Short-Term U.S. Government Obligation |
|
34,867,229 | ||||||
|
|
|
|||||||
| Principal | Value | |||||||
| REPURCHASE AGREEMENT - 4.9% | ||||||||
| Fixed Income Clearing Corp., 2.50% (I), dated 01/31/2024, to be repurchased at $56,124,311 on 02/01/2024. Collateralized by a U.S. Government Obligation, 4.50%, due 07/15/2026, and with a value of $57,242,852. |
$ 56,120,414 | $ 56,120,414 | ||||||
|
|
|
|||||||
| Total Repurchase Agreement |
|
56,120,414 | ||||||
|
|
|
|||||||
| Total Investments |
|
1,178,388,463 | ||||||
| Net Other Assets (Liabilities) - (1.8)% |
|
(20,785,065 | ) | |||||
|
|
|
|||||||
| Net Assets - 100.0% |
$ 1,157,603,398 | |||||||
|
|
|
|||||||
| Transamerica Funds |
Page 13 |
Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
INVESTMENT VALUATION:
Valuation Inputs (J)
| Level 1 - Unadjusted Quoted Prices |
Level 2 - Other Significant Observable Inputs |
Level 3 - Significant Unobservable Inputs |
Value | |||||||||||||
| ASSETS |
| |||||||||||||||
| Investments |
| |||||||||||||||
| Municipal Government Obligations |
$ | — | $ | 1,066,272,695 | $ | — | $ | 1,066,272,695 | ||||||||
| U.S. Government Obligation |
— | 21,128,125 | — | 21,128,125 | ||||||||||||
| Short-Term U.S. Government Obligation |
— | 34,867,229 | — | 34,867,229 | ||||||||||||
| Repurchase Agreement |
— | 56,120,414 | — | 56,120,414 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | — | $ | 1,178,388,463 | $ | — | $ | 1,178,388,463 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
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 $14,516,825, representing 1.3% 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) | 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. | |
| (D) | Step bonds. Coupon rates change in increments to maturity. The rates disclosed are as of January 31, 2024; the maturity dates disclosed are the ultimate maturity dates. | |
| (E) | Restricted securities. At January 31, 2024, the value of such securities held by the Fund are as follows: |
| Investments |
Description |
Acquisition Date |
Acquisition Cost |
Value | Value as Percentage of Net Assets |
|||||||||||||
| Municipal Government Obligations |
Bradburn Metropolitan District No. 2 |
03/08/2018 | $ | 291,210 | $ | 284,334 | 0.0 | %(H) | ||||||||||
| Municipal Government Obligations |
Housing & Redevelopment Authority of the City of |
06/19/2015 | 80,003 | 79,405 | 0.0 | (H) | ||||||||||||
| Municipal Government Obligations |
Virgin Islands Public Finance Authority |
07/14/2020 - 02/09/2021 | 202,300 | 190,161 | 0.0 | (H) | ||||||||||||
| Municipal Government Obligations |
Public Finance Authority |
02/26/2020 | 20,285 | 19,967 | 0.0 | (H) | ||||||||||||
|
|
|
|
|
|
|
|||||||||||||
| Total |
$ | 593,798 | $ | 573,867 | 0.0 | %(H) | ||||||||||||
|
|
|
|
|
|
|
|||||||||||||
| (F) | Security in default; no interest payments received and/or dividends declared during the last 12 months. At January 31, 2024, the value of this security is $321,000, representing less than 0.1% of the Fund’s net assets. | |
| (G) | Non-income producing security. | |
| (H) | Percentage rounds to less than 0.1% or (0.1)%. | |
| (I) | Rates disclosed reflect the yields at January 31, 2024. | |
| (J) | 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. |
MUNICIPAL INSURER ABBREVIATIONS:
| AGC |
Assured Guaranty Corp. | |
| AGM |
Assured Guaranty Municipal Corp. | |
| BAM |
Build America Mutual Assurance Co. | |
| FHLMC |
Federal Home Loan Mortgage Corp. | |
| FNMA |
Federal National Mortgage Association | |
| GNMA |
Government National Mortgage Association | |
| NATL |
National Public Finance Guarantee Corp. |
| Transamerica Funds |
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Transamerica Intermediate Muni
SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
PORTFOLIO ABBREVIATIONS:
| CR |
Custodial Receipts | |
| IBC |
Insured Bond Certificate | |
| TCRS |
Temporary Custodian Receipts |
| Transamerica Funds |
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Transamerica Intermediate Muni
NOTES TO SCHEDULE OF INVESTMENTS
At January 31, 2024
(unaudited)
INVESTMENT VALUATION
Transamerica Intermediate Muni (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 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:
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 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.
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.
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 |
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Transamerica Intermediate Muni
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At January 31, 2024
(unaudited)
Restricted securities: Restricted securities for which quotations are not readily available are valued at fair value. Restricted securities issued by publicly traded companies are generally valued at a discount to similar publicly traded securities. Restricted securities issued by nonpublic entities may be valued by reference to comparable public entities and/or fundamental data relating to the issuer. Depending on the relative significance of observable valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.
| Transamerica Funds |
Page 17 |