Transamerica ETF Trust N-CSRS Certified semi-annual shareholder report (management investment company)

As filed with the Securities and Exchange Commission on September 4, 2018

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-23237

TRANSAMERICA ETF TRUST

(Exact Name of Registrant as Specified in Charter)

1801 California St., Suite 5200, Denver, CO 80202

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, including Area Code: (720) 493-4256

Tané T. Tyler, Esq., 1801 California St., Suite 5200, Denver, CO 80202

(Name and Address of Agent for Service)

Date of fiscal year end:    December 31

Date of reporting period:    January 1, 2018 – June 30, 2018

Item 1: Report(s) to Shareholders.

The Semi-Annual Report is attached.

TRANSAMERICA ETF TRUST

SEMI-ANNUAL REPORT

JUNE 30, 2018

Customer Service: 1-888-316-8077

1801 California St., Suite 5200 Denver, CO 80202

Distributor: Foreside Fund Services, LLC

www.deltashares.com

Table of Contents

Shareholder Letter	1
Disclosure of Expenses	2
Schedules of Investments Composition	3
Schedules of Investments
DeltaShares® S&P 400 Managed Risk ETF	4
DeltaShares® S&P 500 Managed Risk ETF	10
DeltaShares® S&P 600 Managed Risk ETF	17
DeltaShares® S&P International Managed Risk ETF	25
Statements of Assets and Liabilities	37
Statements of Operations	38
Statements of Changes in Net Assets	39
Financial Highlights	41
Notes to Financial Statements	43
Proxy Voting Policies and Procedures and Quarterly Portfolio Holdings	53
Notice of Privacy Policy	54

Authorized for distribution only when accompanied or preceded by a prospectus. Investors should carefully consider a fund’s investment goals, risks, charges and expenses before investing. A prospectus contains this and other information; please read it carefully before investing.

Transamerica ETF Trust Semi-Annual Report 2018

Dear Shareholder,

On behalf of DeltaShares, we would like to thank you for your continued support and confidence in our products as we look forward to continuing to serve you and your financial adviser in the future. We value the trust you have placed in us.

This semi-annual report is provided to you to show the investments and performance of your Exchange Traded Fund(s) during the reporting period. The Securities and Exchange Commission requires that annual and semi-annual reports be sent to all shareholders, and we believe it to be an important part of the investment process. This report provides detailed information about your Exchange Traded Fund(s) for the six-month period ended June 30, 2018.

We believe it is important to understand market conditions over the six-month period ended June 30, 2018 to provide a context for reading this report. Following a strong first month of 2018, volatility quickly returned to the equity markets as concerns emerged focusing on inflation, interest rates and global trade. Expectations of continued benign inflation were tested when wage growth for the January employment report came in higher than anticipated, and this resulted in longer term interest rates rising as well. This sent stocks into correction mode as the S&P 500^® and Dow Jones Industrial Average both declined by more than 10% during the last week of January and first week of February.

In the weeks that followed, international trade took center stage as concerns of potential U.S. imposed tariffs created more volatility in the markets and stocks reached new lows for the year in late March. Initially aimed at China’s aluminum and steel exports, the prospect of more widely-spread tariffs grew throughout the spring and into the early summer, expanding to broader categories of goods and more regions, including Canada, Mexico and the Eurozone. As the tariffs on China approached actual implementation, the market reaction was more muted and stocks had appreciated from their previous lower levels.

U.S. equities benefitted from an improving environment for corporate profits as first quarter operating earnings growth for the S&P 500^® reached their highest annualized rate in eight years. As full year 2018 estimates for earnings growth were upgraded following these strong reports, macroeconomic news was also favorable as the unemployment rate reached its lowest level in almost two decades. While these encouraging fundamentals allowed the S&P 500^® to post a gain for the period, the index still finished below its January high watermark.

Following their strong performance in 2017, international developed and emerging markets experienced declines during the period as concerns of reduced international trade and declining rates of economic growth in Europe and Japan for the first quarter were viewed with caution by investors. Emerging market currencies also depreciated, which pressured the equities of those regions as well.

Both short and long term interest rates rose during the period as strong employment trends and expectations of higher inflation provided a backdrop for the U.S. Federal Reserve to increase the Fed Funds Rate twice, both times by 0.25%, in the months of March and June. The 10-year Treasury yield rose considerably during the early months of the year and by the middle of May had reached 3.11%, more than 0.60% higher than where it started the year, before backing off to 2.85% to close the period. Despite this increase, the yield curve between 2-year and 10-year bonds continued to flatten and closed out the period at just 0.33%, its tightest gap in more than ten years. This fueled some debate as to whether this narrow range is a predictor of slowing economic growth or the result of suppressed long term rates in other regions of the world. The London Interbank Offering Rate (“LIBOR”) also increased from 1.69% to 2.34% during the period.

For the six-month period ended June 30, 2018, the S&P 500^® returned 2.65%, while the MSCI EAFE Index, representing international developed market equities, returned -2.37%. During the same period, the Bloomberg Barclays U.S. Aggregate Bond Index returned -1.62%. Please keep in mind that it is important to maintain a diversified portfolio as investment returns have historically been difficult to predict.

In addition to your active involvement in the investment process, we firmly believe that a financial professional is a key resource to help you build a complete picture of your current and future financial needs. Financial professionals are familiar with the market’s history, including long-term returns and volatility of various asset classes. With your professional, you can develop an investment program that incorporates factors such as your goals, your investment timeline and your risk tolerance.

Please contact your financial professional if you have any questions about the contents of this report, and thanks again for the confidence you have placed in us.

Sincerely,

Marijn Smit

President & Chief Executive Officer

Transamerica ETF Trust

Tom Wald, CFA

Chief Investment Officer

Transamerica ETF Trust

S&P 500^®: a market-capitalization weighted index of 500 large U.S. companies with common stock listed on the NYSE or NASDAQ.

Dow Jones Industrial Average: a market that shows how 30 large, publicly owned companies based in the U.S. have traded during a standard trading session in the stock market.

MSCI EAFE Index: a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada.

Bloomberg Barclays US Aggregate Bond Index: measures investment grade, U.S. dollar denominated, fixed-rate taxable bonds, including Treasuries, government-related and corporate securities, as well as both mortgage- and asset-backed securities.

The views expressed in this report reflect those of the portfolio managers only and may not necessarily represent the views of Transamerica ETF Trust. These views are as of the date of this report and are subject to change based upon market conditions. These views should not be relied upon as investment advice and are not indicative of trading intent on behalf of Transamerica ETF Trust. Investing involves risk, including potential loss of principal. The performance data presented represents past performance, future results may vary. Indexes are unmanaged and an investor cannot invest directly in an index.

Disclosure of Expenses

(unaudited)

SHAREHOLDER EXPENSES

Fund shareholders may incur two types of costs: (i) transaction costs including brokerage commissions on purchases and sales of fund shares; and (ii) ongoing costs, including management fees, and other fund expenses.

The following examples are intended to help you understand your ongoing costs (in dollars and cents) of investing in the Funds and to compare these costs with the ongoing costs of investing in other funds.

The examples are based on an investment of $1,000 invested at January 1, 2018, and held for the entire six-month period until June 30, 2018.

ACTUAL EXPENSES

The information in the table below provides information about actual account values and actual expenses. You may use the information in these columns, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = $8.60), then multiply the result by the number in the appropriate column for your share class titled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

HYPOTHETICAL EXAMPLE FOR COMPARISON PURPOSES

The information in the table below provides information about hypothetical account values and hypothetical expenses based on the Funds’ actual expense ratios and assumed rates of return of 5% per year before expenses, which are not the Funds’ actual returns. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund versus other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other fund(s).

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the information under the heading “Hypothetical Expenses” is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. If any of these transaction costs were included, your costs would be higher. The expenses shown in the table do not reflect any fees that may be charged to you by brokers, financial intermediaries, or other financial institutions.

Expense ratios may vary period to period because of various factors, such as an increase in expenses that are not covered by the management fees, including expenses and fees of the trustees and their counsel, extraordinary expenses and interest expense.

			Actual Expenses				Hypothetical Expenses (A)
Fund	Beginning Account Value		Ending Account Value		Expenses Paid During Period (B)		Ending Account Value		Expenses Paid During Period (B)		Annualized Expense Ratio
DeltaShares® S&P 400 Managed Risk ETF	$	1,000.00	$	1,009.90	$	2.24	$	1,022.60	$	2.26		0.45	%
DeltaShares® S&P 500 Managed Risk ETF		1,000.00		1,002.80		1.74		1,023.10		1.76		0.35
DeltaShares® S&P 600 Managed Risk ETF		1,000.00		1,059.00		2.30		1,022.60		2.26		0.45
DeltaShares® S&P International Managed Risk ETF		1,000.00		969.50		2.44		1,022.30		2.51		0.50

(A)	5% return per year before expenses.
(B)	Expenses are calculated using each Fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (181 days), and divided by the number of days in the year (365 days).

Transamerica ETF Trust Semi-Annual Report 2018

Page    2

Schedules of Investments Composition

At June 30, 2018

(unaudited)

DeltaShares® S&P 400 Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		98.8	%
Securities Lending Collateral		4.1
Net Other Assets (Liabilities)^		(2.9	)
Total		100.0	%
DeltaShares® S&P 500 Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		99.4	%
Securities Lending Collateral		0.3
Net Other Assets (Liabilities)^		0.3
Total		100.0	%
DeltaShares® S&P 600 Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		98.8	%
Securities Lending Collateral		6.4
Net Other Assets (Liabilities)^		(5.2	)
Total		100.0	%
DeltaShares® S&P International Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		98.9	%
Securities Lending Collateral		3.3
Preferred Stocks		0.4
Right		0.0
Net Other Assets (Liabilities)^		(2.6	)
Total		100.0	%

^ The Net Other Assets (Liabilities) category may include, but is not limited to, reverse repurchase agreements, forward foreign currency contracts, futures contracts, swap agreements, written options and swaptions, and cash collateral.   Allocations are subject to change.

Transamerica ETF Trust Semi-Annual Report 2018

Page    3

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS - 98.8%
Aerospace & Defense - 1.0%
Curtiss-Wright Corp.		2,685		$  319,569
Esterline Technologies Corp. (A)		1,572		116,014
KLX, Inc. (A)		3,082		221,596
Teledyne Technologies, Inc. (A)		2,172		432,358
				1,089,537
Airlines - 0.3%
JetBlue Airways Corp. (A)		19,225		364,891
Auto Components - 0.7%
Dana, Inc.		8,836		178,399
Delphi Technologies PLC		5,393		245,166
Gentex Corp.		16,636		382,960
				806,525
Automobiles - 0.3%
Thor Industries, Inc.		2,977		289,930
Banks - 8.0%
Associated Banc-Corp.		10,271		280,398
BancorpSouth Bank		4,983		164,190
Bank of Hawaii Corp.		2,567		214,139
Bank of the Ozarks, Inc.		7,376		332,215
Cathay General Bancorp		4,639		187,833
Chemical Financial Corp.		4,335		241,329
Commerce Bancshares, Inc.		5,697		368,653
Cullen / Frost Bankers, Inc.		3,526		381,654
East West Bancorp, Inc.		8,802		573,890
First Horizon National Corp.		19,875		354,570
FNB Corp.		19,672		263,998
Fulton Financial Corp.		10,676		176,154
Hancock Whitney Corp.		5,180		241,647
Home BancShares, Inc.		9,583		216,192
International Bancshares Corp.		3,293		140,940
MB Financial, Inc.		5,107		238,497
PacWest Bancorp		7,600		375,592
Pinnacle Financial Partners, Inc.		4,494		275,707
Prosperity Bancshares, Inc.		4,243		290,052
Signature Bank (A)		3,261		417,017
Sterling Bancorp		13,697		321,880
Synovus Financial Corp.		7,206		380,693
TCF Financial Corp.		10,220		251,616
Texas Capital Bancshares, Inc. (A)		3,018		276,147
Trustmark Corp.		4,117		134,338
UMB Financial Corp.		2,677		204,068
Umpqua Holdings Corp.		13,375		302,141
United Bankshares, Inc.		6,387		232,487
Valley National Bancorp		16,097		195,740
Webster Financial Corp.		5,595		356,402
Wintrust Financial Corp.		3,419		297,624
				8,687,803
Beverages - 0.1%
Boston Beer Co., Inc., Class A (A)		532		159,440
Biotechnology - 0.6%
Exelixis, Inc. (A)		17,132		368,681
United Therapeutics Corp. (A)		2,644		299,168
				667,849
Building Products - 0.4%
Lennox International, Inc.		2,254		451,138

	Shares		Value
COMMON STOCKS (continued)
Capital Markets - 3.0%
Eaton Vance Corp.		7,240		$   377,856
Evercore, Inc., Class A		2,474		260,883
FactSet Research Systems, Inc.		2,360		467,516
Federated Investors, Inc., Class B		5,792		135,069
Interactive Brokers Group, Inc., Class A		4,343		279,733
Janus Henderson Group PLC		10,957		336,709
Legg Mason, Inc.		5,191		180,283
MarketAxess Holdings, Inc.		2,284		451,912
SEI Investments Co.		7,970		498,284
Stifel Financial Corp.		4,346		227,079
				3,215,324
Chemicals - 2.8%
Ashland Global Holdings, Inc.		3,790		296,302
Cabot Corp.		3,755		231,946
Chemours Co.		10,808		479,443
Minerals Technologies, Inc.		2,148		161,852
NewMarket Corp.		559		226,116
Olin Corp.		10,157		291,709
PolyOne Corp.		4,859		210,006
RPM International, Inc.		8,123		473,733
Scotts Miracle-Gro Co. (B)		2,355		195,842
Sensient Technologies Corp.		2,571		183,955
Valvoline, Inc.		11,886		256,381
				3,007,285
Commercial Services & Supplies - 1.5%
Brink’s Co.		3,092		246,587
Clean Harbors, Inc. (A)		3,107		172,594
Deluxe Corp.		2,907		192,472
Healthcare Services Group, Inc. (B)		4,477		193,362
Herman Miller, Inc.		3,622		122,786
HNI Corp.		2,644		98,357
MSA Safety, Inc.		2,072		199,616
Pitney Bowes, Inc.		11,393		97,638
Rollins, Inc.		5,832		306,647
				1,630,059
Communications Equipment - 1.3%
ARRIS International PLC (A)		10,636		259,997
Ciena Corp. (A)		8,712		230,955
InterDigital, Inc.		2,111		170,780
Lumentum Holdings, Inc. (A)		3,822		221,294
NetScout Systems, Inc. (A)		4,876		144,817
Plantronics, Inc.		2,020		154,025
ViaSat, Inc. (A) (B)		3,328		218,716
				1,400,584
Construction & Engineering - 1.2%
AECOM (A)		9,738		321,646
Dycom Industries, Inc. (A)		1,894		179,002
EMCOR Group, Inc.		3,550		270,439
Granite Construction, Inc.		2,761		153,677
KBR, Inc.		8,543		153,091
Valmont Industries, Inc.		1,369		206,377
				1,284,232
Construction Materials - 0.3%
Eagle Materials, Inc.		2,915		305,988

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    4

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Consumer Finance - 0.5%
Navient Corp.		16,074		$   209,445
SLM Corp. (A)		26,436		302,692
				512,137
Containers & Packaging - 1.2%
AptarGroup, Inc.		3,789		353,817
Bemis Co., Inc.		5,527		233,295
Greif, Inc., Class A		1,574		83,249
Owens-Illinois, Inc. (A)		9,822		165,108
Silgan Holdings, Inc.		4,502		120,788
Sonoco Products Co.		6,049		317,572
				1,273,829
Distributors - 0.3%
Pool Corp.		2,458		372,387
Diversified Consumer Services - 0.8%
Adtalem Global Education, Inc. (A)		3,659		175,998
Graham Holdings Co., Class B		267		156,489
Service Corp. International		11,137		398,593
Sotheby’s (A)		2,235		121,450
				852,530
Electric Utilities - 1.3%
ALLETE, Inc.		3,113		240,977
Hawaiian Electric Industries, Inc.		6,611		226,757
IDACORP, Inc.		3,061		282,347
OGE Energy Corp.		12,132		427,168
PNM Resources, Inc.		4,839		188,237
				1,365,486
Electrical Equipment - 1.2%
Acuity Brands, Inc.		2,490		288,516
EnerSys		2,559		191,004
Hubbell, Inc.		3,333		352,431
nVent Electric PLC (A)		9,862		247,536
Regal Beloit Corp.		2,672		218,570
				1,298,057
Electronic Equipment, Instruments & Components - 4.4%
Arrow Electronics, Inc. (A)		5,323		400,715
Avnet, Inc.		7,166		307,350
Belden, Inc. (B)		2,470		150,966
Cognex Corp.		10,505		468,628
Coherent, Inc. (A)		1,511		236,351
Jabil, Inc.		10,406		287,830
Keysight Technologies, Inc. (A)		11,354		670,227
Littelfuse, Inc.		1,517		346,149
National Instruments Corp.		6,535		274,339
SYNNEX Corp.		1,778		171,595
Tech Data Corp. (A)		2,118		173,930
Trimble, Inc. (A)		15,138		497,132
VeriFone Systems, Inc. (A)	��	6,726		153,487
Vishay Intertechnology, Inc.		8,026		186,203
Zebra Technologies Corp., Class A (A)		3,243		464,560
				4,789,462
Energy Equipment & Services - 2.1%
Apergy Corp. (A)		4,701		196,267
Core Laboratories NV		2,678		337,990
Diamond Offshore Drilling, Inc. (A) (B)		3,923		81,834
Dril-Quip, Inc. (A)		2,318		119,145

	Shares		Value
COMMON STOCKS (continued)
Energy Equipment & Services (continued)
Ensco PLC, Class A (B)		26,553		$   192,775
McDermott International, Inc. (A)		10,923		214,637
Nabors Industries, Ltd.		21,407		137,219
Oceaneering International, Inc.		5,985		152,378
Patterson-UTI Energy, Inc.		13,473		242,514
Rowan Cos. PLC, Class A (A)		6,937		112,518
Superior Energy Services, Inc. (A)		9,370		91,264
Transocean, Ltd. (A) (B)		26,644		358,095
				2,236,636
Equity Real Estate Investment Trusts - 9.1%
Alexander & Baldwin, Inc.		4,108		96,538
American Campus Communities, Inc.		8,303		356,033
Camden Property Trust		5,636		513,609
CoreCivic, Inc.		7,200		172,008
CoreSite Realty Corp.		2,092		231,835
Corporate Office Properties Trust		6,206		179,912
Cousins Properties, Inc.		25,527		247,357
CyrusOne, Inc.		6,020		351,327
DCT Industrial Trust, Inc.		5,721		381,762
Douglas Emmett, Inc.		9,701		389,786
Education Realty Trust, Inc.		4,605		191,108
EPR Properties		3,928		254,495
First Industrial Realty Trust, Inc.		7,615		253,884
Geo Group, Inc.		7,474		205,834
Healthcare Realty Trust, Inc.		7,605		221,153
Highwoods Properties, Inc.		6,283		318,737
Hospitality Properties Trust		9,983		285,614
JBG Smith Properties		5,660		206,420
Kilroy Realty Corp.		6,005		454,218
Lamar Advertising Co., Class A		5,104		348,654
LaSalle Hotel Properties		6,705		229,512
Liberty Property Trust		8,978		397,995
Life Storage, Inc.		2,826		274,998
Mack-Cali Realty Corp.		5,475		111,033
Medical Properties Trust, Inc.		22,155		311,056
National Retail Properties, Inc.		9,345		410,806
Omega Healthcare Investors, Inc.		12,064		373,984
PotlatchDeltic Corp.		3,660		186,111
Quality Care Properties, Inc. (A)		5,722		123,080
Rayonier, Inc.		7,860		304,103
Sabra Health Care REIT, Inc.		10,830		235,336
Senior Housing Properties Trust		14,434		261,111
Tanger Factory Outlet Centers, Inc. (B)		5,732		134,645
Taubman Centers, Inc.		3,706		217,765
Uniti Group, Inc. (A) (B)		10,033		200,961
Urban Edge Properties		6,437		147,214
Weingarten Realty Investors		7,238		223,003
				9,802,997
Food & Staples Retailing - 0.5%
Casey’s General Stores, Inc.		2,281		239,688
Sprouts Farmers Market, Inc. (A)		7,448		164,377
United Natural Foods, Inc. (A)		3,062		130,625
				534,690
Food Products - 2.2%
Flowers Foods, Inc.		11,269		234,733
Hain Celestial Group, Inc. (A)		6,313		188,127
Ingredion, Inc.		4,388		485,752

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    5

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Food Products (continued)
Lamb Weston Holdings, Inc.		8,883		$   608,574
Lancaster Colony Corp.		1,185		164,028
Post Holdings, Inc. (A)		4,088		351,650
Sanderson Farms, Inc.		1,220		128,283
Tootsie Roll Industries, Inc. (B)		1,175		36,249
TreeHouse Foods, Inc. (A)		3,422		179,689
				2,377,085
Gas Utilities - 2.2%
Atmos Energy Corp.		6,747		608,175
National Fuel Gas Co.		5,219		276,398
New Jersey Resources Corp.		5,330		238,518
ONE Gas, Inc.		3,188		238,271
Southwest Gas Holdings, Inc.		2,937		224,005
UGI Corp.		10,516		547,568
WGL Holdings, Inc.		3,119		276,811
				2,409,746
Health Care Equipment & Supplies - 3.9%
Avanos Medical, Inc. (A)		2,856		163,506
Cantel Medical Corp.		2,154		211,867
Globus Medical, Inc., Class A (A)		4,452		224,648
Haemonetics Corp. (A)		3,171		284,375
Hill-Rom Holdings, Inc.		4,025		351,544
ICU Medical, Inc. (A)		926		271,920
Integra LifeSciences Holdings Corp. (A)		4,285		275,997
LivaNova PLC (A)		2,648		264,323
Masimo Corp. (A)		2,894		282,599
NuVasive, Inc. (A)		3,113		162,250
STERIS PLC		5,139		539,646
Teleflex, Inc.		2,766		741,869
West Pharmaceutical Services, Inc.		4,469		443,727
				4,218,271
Health Care Providers & Services - 2.3%
Acadia Healthcare Co., Inc. (A)		4,984		203,895
Chemed Corp.		969		311,834
Encompass Health Corp.		6,003		406,523
LifePoint Health, Inc. (A)		2,356		114,973
MEDNAX, Inc. (A)		5,739		248,384
Molina Healthcare, Inc. (A)		2,885		282,557
Patterson Cos., Inc. (B)		4,943		112,058
Tenet Healthcare Corp. (A)		4,959		166,474
WellCare Health Plans, Inc. (A)		2,718		669,280
				2,515,978
Health Care Technology - 0.4%
Allscripts Healthcare Solutions, Inc. (A)		10,809		129,708
Medidata Solutions, Inc. (A)		3,597		289,774
				419,482
Hotels, Restaurants & Leisure - 3.7%
Boyd Gaming Corp.		4,990		172,953
Brinker International, Inc. (B)		2,664		126,806
Cheesecake Factory, Inc. (B)		2,589		142,550
Churchill Downs, Inc.		692		205,178
Cracker Barrel Old Country Store, Inc. (B)		1,458		227,754
Domino’s Pizza, Inc.		2,568		724,613
Dunkin’ Brands Group, Inc. (B)		5,040		348,113
ILG, Inc.		6,419		212,020

	Shares		Value
COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
International Speedway Corp., Class A		1,484		$   66,335
Jack in the Box, Inc.		1,727		147,002
Papa John’s International, Inc. (B)		1,428		72,428
Scientific Games Corp., Class A (A)		3,252		159,836
Six Flags Entertainment Corp. (B)		4,720		330,636
Texas Roadhouse, Inc.		3,990		261,385
Wendy’s Co.		10,898		187,228
Wyndham Destinations, Inc.		6,061		268,321
Wyndham Hotels & Resorts, Inc.		6,057		356,333
				4,009,491
Household Durables - 1.5%
Helen of Troy, Ltd. (A)		1,616		159,095
KB Home		5,131		139,769
NVR, Inc. (A)		205		608,922
Tempur Sealy International, Inc. (A) (B)		2,808		134,924
Toll Brothers, Inc.		8,577		317,263
TRI Pointe Group, Inc. (A)		9,228		150,970
Tupperware Brands Corp.		3,106		128,092
				1,639,035
Household Products - 0.2%
Energizer Holdings, Inc.		3,626		228,293
Industrial Conglomerates - 0.4%
Carlisle Cos., Inc.		3,703		401,072
Insurance - 4.3%
Alleghany Corp.		930		534,722
American Financial Group, Inc.		4,214		452,289
Aspen Insurance Holdings, Ltd.		3,624		147,497
Brown & Brown, Inc.		13,928		386,223
CNO Financial Group, Inc.		10,167		193,580
First American Financial Corp.		6,775		350,403
Genworth Financial, Inc., Class A (A)		30,323		136,453
Hanover Insurance Group, Inc.		2,584		308,943
Kemper Corp.		2,974		224,983
Mercury General Corp.		2,218		101,052
Old Republic International Corp.		15,236		303,349
Primerica, Inc.		2,678		266,729
Reinsurance Group of America, Inc.		3,919		523,108
RenaissanceRe Holdings, Ltd.		2,444		294,062
WR Berkley Corp.		5,839		422,802
				4,646,195
Internet Software & Services - 0.7%
Cars.com, Inc. (A)		4,367		123,979
j2 Global, Inc.		2,984		258,444
LogMeIn, Inc.		3,172		327,509
				709,932
IT Services - 3.2%
Acxiom Corp. (A)		4,681		140,196
Convergys Corp.		5,558		135,837
CoreLogic, Inc. (A)		4,959		257,372
Jack Henry & Associates, Inc.		4,696		612,170
Leidos Holdings, Inc.		8,666		511,294
MAXIMUS, Inc.		3,963		246,142
Perspecta, Inc.		8,665		178,066
Sabre Corp.		15,354		378,323
Science Applications International Corp.		2,567		207,747

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    6

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
IT Services (continued)
Teradata Corp. (A)		7,345		$   294,902
WEX, Inc. (A)		2,435		463,819
				3,425,868
Leisure Products - 0.7%
Brunswick Corp.		5,296		341,486
Polaris Industries, Inc. (B)		3,567		435,816
				777,302
Life Sciences Tools & Services - 1.4%
Bio-Rad Laboratories, Inc., Class A (A)		1,230		354,904
Bio-Techne Corp.		2,281		337,474
Charles River Laboratories International, Inc. (A)		2,911		326,789
PRA Health Sciences, Inc. (A)		3,074		286,989
Syneos Health, Inc. (A)		3,371		158,100
				1,464,256
Machinery - 4.9%
AGCO Corp.		4,010		243,487
Crane Co.		3,082		246,961
Donaldson Co., Inc.		7,889		355,952
Graco, Inc.		10,180		460,340
IDEX Corp.		4,661		636,133
ITT, Inc.		5,309		277,501
Kennametal, Inc.		4,958		177,992
Lincoln Electric Holdings, Inc.		3,748		328,925
Nordson Corp.		3,106		398,841
Oshkosh Corp.		4,491		315,807
Terex Corp.		4,385		185,003
Timken Co.		4,147		180,602
Toro Co.		6,441		388,070
Trinity Industries, Inc.		9,068		310,670
Wabtec Corp.		5,206		513,208
Woodward, Inc.		3,363		258,480
				5,277,972
Marine - 0.2%
Kirby Corp. (A)		3,264		272,870
Media - 1.5%
AMC Networks, Inc., Class A (A)		2,794		173,787
Cable One, Inc.		286		209,721
Cinemark Holdings, Inc.		6,455		226,441
John Wiley & Sons, Inc., Class A		2,726		170,102
Live Nation Entertainment, Inc. (A)		8,247		400,557
Meredith Corp. (B)		2,415		123,165
New York Times Co., Class A (B)		7,774		201,347
TEGNA, Inc.		13,102		142,157
				1,647,277
Metals & Mining - 2.3%
Allegheny Technologies, Inc. (A) (B)		7,633		191,741
Carpenter Technology Corp.		2,850		149,824
Commercial Metals Co.		7,108		150,050
Compass Minerals International, Inc.		2,056		135,182
Reliance Steel & Aluminum Co.		4,394		384,651
Royal Gold, Inc.		3,976		369,132
Steel Dynamics, Inc.		14,332		658,555
U.S. Steel Corp.		10,739		373,180
Worthington Industries, Inc.		2,615		109,752
				2,522,067

	Shares		Value
COMMON STOCKS (continued)
Multi-Utilities - 1.0%
Black Hills Corp.		3,256		$   199,300
MDU Resources Group, Inc.		11,864		340,260
NorthWestern Corp.		3,005		172,036
Vectren Corp.		5,047		360,608
				1,072,204
Multiline Retail - 0.4%
Big Lots, Inc.		2,562		107,040
Dillard’s, Inc., Class A (B)		1,205		113,873
Ollie’s Bargain Outlet Holdings, Inc. (A)		3,031		219,747
				440,660
Oil, Gas & Consumable Fuels - 3.2%
Callon Petroleum Co. (A)		13,619		146,268
Chesapeake Energy Corp. (A) (B)		55,388		290,233
CNX Resources Corp. (A)		11,914		211,831
Energen Corp. (A)		5,919		431,022
Gulfport Energy Corp. (A)		9,495		119,352
Matador Resources Co. (A)		6,286		188,894
Murphy Oil Corp.		9,881		333,681
Oasis Petroleum, Inc. (A)		16,191		209,997
PBF Energy, Inc., Class A		6,817		285,837
QEP Resources, Inc. (A)		14,440		177,035
Range Resources Corp.		13,778		230,506
SM Energy Co.		6,242		160,357
Southwestern Energy Co. (A)		31,011		164,358
World Fuel Services Corp.		4,112		83,926
WPX Energy, Inc. (A)		24,275		437,678
				3,470,975
Paper & Forest Products - 0.4%
Domtar Corp.		3,817		182,224
Louisiana-Pacific Corp.		8,819		240,053
				422,277
Personal Products - 0.4%
Edgewell Personal Care Co. (A)		3,280		165,509
Nu Skin Enterprises, Inc., Class A		3,378		264,126
				429,635
Pharmaceuticals - 0.6%
Akorn, Inc. (A)		5,706		94,663
Catalent, Inc. (A)		8,102		339,393
Mallinckrodt PLC (A) (B)		5,047		94,177
Prestige Brands Holdings, Inc. (A)		3,225		123,775
				652,008
Professional Services - 0.6%
Dun & Bradstreet Corp.		2,252		276,208
ManpowerGroup, Inc.		3,998		344,068
				620,276
Real Estate Management & Development - 0.4%
Jones Lang LaSalle, Inc.		2,763		458,630
Road & Rail - 1.8%
Avis Budget Group, Inc. (A)		4,343		141,148
Genesee & Wyoming, Inc., Class A (A)		3,654		297,143
Knight-Swift Transportation Holdings, Inc.		7,798		297,962
Landstar System, Inc.		2,556		279,115
Old Dominion Freight Line, Inc.		4,145		617,439

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    7

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Road & Rail (continued)
Ryder System, Inc.		3,226		$   231,820
Werner Enterprises, Inc.		2,722		102,211
				1,966,838
Semiconductors & Semiconductor Equipment - 2.7%
Cirrus Logic, Inc. (A)		3,705		142,013
Cree, Inc. (A)		6,105		253,785
Cypress Semiconductor Corp.		21,776		339,270
First Solar, Inc. (A)		4,964		261,404
Integrated Device Technology, Inc. (A)		7,852		250,322
MKS Instruments, Inc.		3,321		317,820
Monolithic Power Systems, Inc.		2,358		315,194
Silicon Laboratories, Inc. (A)		2,626		261,550
Synaptics, Inc. (A)		2,103		105,928
Teradyne, Inc.		11,621		442,411
Versum Materials, Inc.		6,617		245,821
				2,935,518
Software - 3.5%
ACI Worldwide, Inc. (A)		7,073		174,491
Blackbaud, Inc.		2,948		302,023
CDK Global, Inc.		7,516		488,916
CommVault Systems, Inc. (A)		2,569		169,169
Fair Isaac Corp. (A)		1,812		350,296
Fortinet, Inc. (A)		8,782		548,260
Manhattan Associates, Inc. (A)		4,060		190,861
PTC, Inc. (A)		7,008		657,420
Tyler Technologies, Inc. (A)		2,162		480,180
Ultimate Software Group, Inc. (A)		1,766		454,409
				3,816,025
Specialty Retail - 2.2%
Aaron’s, Inc.		3,760		163,372
American Eagle Outfitters, Inc.		10,192		236,964
AutoNation, Inc. (A)		3,588		174,305
Bed Bath & Beyond, Inc. (B)		8,508		169,522
Dick’s Sporting Goods, Inc.		4,734		166,873
Five Below, Inc. (A)		3,379		330,162
Michaels Cos., Inc. (A)		6,746		129,321
Murphy USA, Inc. (A)		1,878		139,517
Sally Beauty Holdings, Inc. (A)		7,416		118,878
Signet Jewelers, Ltd.		3,585		199,864

	Shares		Value
COMMON STOCKS (continued)
Specialty Retail (continued)
Urban Outfitters, Inc. (A)		4,885		$   217,627
Williams-Sonoma, Inc. (B)		4,651		285,478
				2,331,883
Technology Hardware, Storage & Peripherals - 0.2%
NCR Corp. (A)		7,186		215,436
Textiles, Apparel & Luxury Goods - 0.7%
Carter’s, Inc.		2,851		309,020
Deckers Outdoor Corp. (A)		1,849		208,734
Skechers U.S.A., Inc., Class A (A)		8,249		247,552
				765,306
Thrifts & Mortgage Finance - 0.6%
LendingTree, Inc. (A) (B)		478		102,196
New York Community Bancorp, Inc.		29,789		328,871
Washington Federal, Inc.		5,132		167,816
				598,883
Trading Companies & Distributors - 0.8%
GATX Corp.		2,290		169,987
MSC Industrial Direct Co., Inc., Class A		2,786		236,392
NOW, Inc. (A)		6,568		87,551
Watsco, Inc.		1,947		347,111
				841,041
Water Utilities - 0.3%
Aqua America, Inc.		10,807		380,190
Wireless Telecommunication Services - 0.1%
Telephone & Data Systems, Inc.		5,639		154,621
Total Common Stocks (Cost $102,446,255)			106,933,394
SECURITIES LENDING COLLATERAL - 4.1%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 1.93% (C)		4,407,993		4,407,993
Total Securities Lending Collateral (Cost $4,407,993)				4,407,993
Total Investments (Cost $106,854,248)				111,341,387
Net Other Assets (Liabilities) - (2.9)%				(3,154,481	)
Net Assets - 100.0%				$  108,186,906

FUTURES CONTRACTS:

Description	Long/Short		Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
S&P MidCap 400® E-Mini Index		Long		6		09/21/2018	$	1,189,112	$	1,173,660	$	—	$	(15,452)

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    8

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(D)

	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	106,933,394		$	—	$	—	$	106,933,394
Securities Lending Collateral		4,407,993			—		—		4,407,993
Total Investments	$	111,341,387		$	—	$	—	$	111,341,387
LIABILITIES
Other Financial Instruments
Futures Contracts (E)	$	(15,452	)	$	—	$	—	$	(15,452	)
Total Other Financial Instruments	$	(15,452	)	$	—	$	—	$	(15,452	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $4,301,762. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(C)	Rate disclosed reflects the yield at June 30, 2018.
(D)	The Fund recognizes transfers between Levels at the end of the reporting period. There were no transfers between Levels 1, 2 and 3 during the period ended June 30, 2018. Please reference the Security Valuation section of the Notes to Financial Statements for more information regarding security valuation and pricing inputs.
(E)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    9

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS - 99.4%
Aerospace & Defense - 2.7%
Arconic, Inc.		7,695		$  130,892
Boeing Co.		9,918		3,327,588
General Dynamics Corp.		5,003		932,609
Harris Corp.		2,150		310,761
Huntington Ingalls Industries, Inc.		806		174,733
L3 Technologies, Inc.		1,421		273,287
Lockheed Martin Corp.		4,499		1,329,139
Northrop Grumman Corp.		3,158		971,717
Raytheon Co.		5,202		1,004,922
Rockwell Collins, Inc.		2,974		400,538
Textron, Inc.		4,637		305,625
TransDigm Group, Inc.		883		304,759
United Technologies Corp.		13,476		1,684,904
				11,151,474
Air Freight & Logistics - 0.7%
CH Robinson Worldwide, Inc.		2,522		210,991
Expeditors International of Washington, Inc.		3,164		231,288
FedEx Corp.		4,452		1,010,871
United Parcel Service, Inc., Class B		12,489		1,326,707
				2,779,857
Airlines - 0.4%
Alaska Air Group, Inc.		2,232		134,790
American Airlines Group, Inc.		7,546		286,446
Delta Air Lines, Inc.		11,688		579,023
Southwest Airlines Co.		9,661		491,552
United Continental Holdings, Inc. (A)		4,268		297,608
				1,789,419
Auto Components - 0.2%
Aptiv PLC		4,795		439,366
BorgWarner, Inc.		3,577		154,383
Goodyear Tire & Rubber Co.		4,344		101,172
				694,921
Automobiles - 0.4%
Ford Motor Co.		70,888		784,730
General Motors Co.		22,974		905,176
Harley-Davidson, Inc.		3,014		126,829
				1,816,735
Banks - 6.1%
Bank of America Corp.		170,779		4,814,260
BB&T Corp.		14,122		712,314
Citigroup, Inc.		46,182		3,090,499
Citizens Financial Group, Inc.		8,779		341,503
Comerica, Inc.		3,114		283,125
Fifth Third Bancorp		12,415		356,311
Huntington Bancshares, Inc.		20,012		295,377
JPMorgan Chase & Co.		61,664		6,425,389
KeyCorp		19,228		375,715
M&T Bank Corp.		2,630		447,495
People’s United Financial, Inc.		6,300		113,967
PNC Financial Services Group, Inc.		8,503		1,148,755
Regions Financial Corp.		20,341		361,663
SunTrust Banks, Inc.		8,418		555,756
SVB Financial Group (A)		959		276,921
US Bancorp		28,259		1,413,515

	Shares		Value
COMMON STOCKS (continued)
Banks (continued)
Wells Fargo & Co.		79,427		$   4,403,433
Zions Bancorporation		3,570		188,103
				25,604,101
Beverages - 1.8%
Brown-Forman Corp., Class B		4,744		232,503
Coca-Cola Co.		69,360		3,042,130
Constellation Brands, Inc., Class A		3,043		666,021
Molson Coors Brewing Co., Class B		3,351		228,002
Monster Beverage Corp. (A)		7,439		426,255
PepsiCo, Inc.		25,679		2,795,673
				7,390,584
Biotechnology - 2.5%
AbbVie, Inc.		27,447		2,542,965
Alexion Pharmaceuticals, Inc. (A)		4,030		500,324
Amgen, Inc.		12,062		2,226,525
Biogen, Inc. (A)		3,822		1,109,297
Celgene Corp. (A)		12,802		1,016,735
Gilead Sciences, Inc.		23,549		1,668,211
Incyte Corp. (A)		3,186		213,462
Regeneron Pharmaceuticals, Inc. (A)		1,401		483,331
Vertex Pharmaceuticals, Inc. (A)		4,615		784,365
				10,545,215
Building Products - 0.3%
A.O. Smith Corp.		2,627		155,387
Allegion PLC		1,720		133,059
Fortune Brands Home & Security, Inc.		2,643		141,903
Johnson Controls International PLC		16,774		561,090
Masco Corp.		5,623		210,413
				1,201,852
Capital Markets - 3.0%
Affiliated Managers Group, Inc.		984		146,291
Ameriprise Financial, Inc.		2,619		366,346
Bank of New York Mellon Corp.		18,304		987,135
BlackRock, Inc.		2,234		1,114,855
Cboe Global Markets, Inc.		2,037		211,990
Charles Schwab Corp.		21,747		1,111,272
CME Group, Inc.		6,167		1,010,895
E*TRADE Financial Corp. (A)		4,780		292,345
Franklin Resources, Inc.		5,772		184,993
Goldman Sachs Group, Inc.		6,362		1,403,266
Intercontinental Exchange, Inc.		10,490		771,539
Invesco, Ltd.		7,439		197,580
Moody’s Corp.		3,024		515,773
Morgan Stanley		24,687		1,170,164
MSCI, Inc.		1,612		266,673
Nasdaq, Inc.		2,117		193,218
Northern Trust Corp.		3,830		394,069
Raymond James Financial, Inc.		2,351		210,062
S&P Global, Inc.		4,551		927,903
State Street Corp.		6,618		616,070
T. Rowe Price Group, Inc.		4,385		509,055
				12,601,494
Chemicals - 1.9%
Air Products & Chemicals, Inc.		3,970		618,248
Albemarle Corp. (B)		2,006		189,226

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    10

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Chemicals (continued)
CF Industries Holdings, Inc.		4,226		$   187,634
DowDuPont, Inc.		42,032		2,770,749
Eastman Chemical Co.		2,585		258,397
Ecolab, Inc.		4,703		659,972
FMC Corp.		2,436		217,316
International Flavors & Fragrances, Inc.		1,430		177,263
LyondellBasell Industries NV, Class A		5,823		639,656
Mosaic Co.		6,352		178,174
PPG Industries, Inc.		4,515		468,341
Praxair, Inc.		5,205		823,171
Sherwin-Williams Co.		1,491		607,687
				7,795,834
Commercial Services & Supplies - 0.3%
Cintas Corp.		1,566		289,820
Copart, Inc. (A)		3,660		207,010
Republic Services, Inc.		4,039		276,106
Stericycle, Inc. (A)		1,550		101,199
Waste Management, Inc.		7,204		585,973
				1,460,108
Communications Equipment - 1.0%
Cisco Systems, Inc.		85,174		3,665,037
F5 Networks, Inc. (A)		1,107		190,902
Juniper Networks, Inc.		6,323		173,377
Motorola Solutions, Inc.		2,936		341,662
				4,370,978
Construction & Engineering - 0.1%
Fluor Corp.		2,546		124,194
Jacobs Engineering Group, Inc.		2,183		138,599
Quanta Services, Inc. (A)		2,710		90,514
				353,307
Construction Materials - 0.1%
Martin Marietta Materials, Inc.		1,140		254,596
Vulcan Materials Co.		2,394		308,970
				563,566
Consumer Finance - 0.7%
American Express Co.		12,933		1,267,434
Capital One Financial Corp.		8,810		809,639
Discover Financial Services		6,320		444,991
Synchrony Financial		12,849		428,900
				2,950,964
Containers & Packaging - 0.3%
Avery Dennison Corp.		1,594		162,747
Ball Corp.		6,325		224,854
International Paper Co.		7,500		390,600
Packaging Corp. of America		1,709		191,049
Sealed Air Corp.		2,919		123,912
WestRock Co.		4,645		264,858
				1,358,020
Distributors - 0.1%
Genuine Parts Co.		2,658		243,978
LKQ Corp. (A)		5,609		178,927
				422,905
Diversified Consumer Services - 0.0% (C)
H&R Block, Inc.		3,789		86,313

	Shares		Value
COMMON STOCKS (continued)
Diversified Financial Services - 1.6%
Berkshire Hathaway, Inc., Class B (A)		34,859		$   6,506,433
Jefferies Financial Group, Inc.		5,491		124,865
				6,631,298
Diversified Telecommunication Services - 2.0%
AT&T, Inc.		131,515		4,222,947
CenturyLink, Inc.		17,780		331,419
Verizon Communications, Inc.		74,833		3,764,848
				8,319,214
Electric Utilities - 1.8%
Alliant Energy Corp.		4,192		177,405
American Electric Power Co., Inc.		8,920		617,710
Duke Energy Corp.		12,696		1,004,000
Edison International		5,901		373,356
Entergy Corp.		3,275		264,587
Evergy, Inc.		4,912		275,809
Eversource Energy		5,739		336,363
Exelon Corp.		17,484		744,818
FirstEnergy Corp.		8,119		291,553
NextEra Energy, Inc.		8,538		1,426,102
PG&E Corp.		9,353		398,064
Pinnacle West Capital Corp.		2,027		163,295
PPL Corp.		12,661		361,472
Southern Co.		18,321		848,446
Xcel Energy, Inc.		9,216		420,987
				7,703,967
Electrical Equipment - 0.5%
AMETEK, Inc.		4,194		302,639
Eaton Corp. PLC		7,920		591,941
Emerson Electric Co.		11,412		789,026
Rockwell Automation, Inc.		2,274		378,007
				2,061,613
Electronic Equipment, Instruments & Components - 0.4%
Amphenol Corp., Class A		5,459		475,752
Corning, Inc.		15,038		413,695
FLIR Systems, Inc.		2,485		129,145
IPG Photonics Corp. (A)		681		150,249
TE Connectivity, Ltd.		6,341		571,071
				1,739,912
Energy Equipment & Services - 0.8%
Baker Hughes a GE Co.		7,542		249,112
Halliburton Co.		15,865		714,877
Helmerich & Payne, Inc.		1,972		125,735
National Oilwell Varco, Inc.		6,919		300,285
Schlumberger, Ltd.		25,086		1,681,514
TechnipFMC PLC		7,860		249,476
				3,320,999
Equity Real Estate Investment Trusts - 2.8%
Alexandria Real Estate Equities, Inc.		1,865		235,307
American Tower Corp.		7,999		1,153,216
Apartment Investment & Management Co., Class A		2,850		120,555
AvalonBay Communities, Inc.		2,503		430,241
Boston Properties, Inc.		2,796		350,674
Crown Castle International Corp.		7,513		810,052
Digital Realty Trust, Inc.		3,730		416,193

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    11

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Equity Real Estate Investment Trusts (continued)
Duke Realty Corp.		6,466		$   187,708
Equinix, Inc.		1,439		618,612
Equity Residential		6,669		424,749
Essex Property Trust, Inc.		1,196		285,928
Extra Space Storage, Inc.		2,284		227,966
Federal Realty Investment Trust		1,326		167,805
GGP, Inc.		11,456		234,046
HCP, Inc.		8,508		219,677
Host Hotels & Resorts, Inc.		13,426		282,886
Iron Mountain, Inc.		5,097		178,446
Kimco Realty Corp.		7,695		130,738
Macerich Co.		1,966		111,728
Mid-America Apartment Communities, Inc.		2,061		207,481
Prologis, Inc.		9,657		634,368
Public Storage		2,714		615,698
Realty Income Corp.		5,151		277,072
Regency Centers Corp.		2,669		165,691
SBA Communications Corp. (A)		2,086		344,440
Simon Property Group, Inc.		5,609		954,596
SL Green Realty Corp.		1,601		160,949
UDR, Inc.		4,846		181,919
Ventas, Inc.		6,453		367,498
Vornado Realty Trust		3,134		231,665
Welltower, Inc.		6,737		422,342
Weyerhaeuser Co.		13,710		499,867
				11,650,113
Food & Staples Retailing - 1.4%
Costco Wholesale Corp.		7,943		1,659,928
Kroger Co.		14,721		418,812
Sysco Corp.		8,681		592,825
Walgreens Boots Alliance, Inc.		15,446		926,992
Walmart, Inc.		26,201		2,244,116
				5,842,673
Food Products - 1.1%
Archer-Daniels-Midland Co.		10,127		464,120
Campbell Soup Co. (B)		3,485		141,282
Conagra Brands, Inc.		7,127		254,648
General Mills, Inc.		10,738		475,264
Hershey Co.		2,531		235,535
Hormel Foods Corp. (B)		4,891		181,994
J.M. Smucker, Co.		2,057		221,086
Kellogg Co.		4,523		316,022
Kraft Heinz Co.		10,819		679,650
McCormick & Co., Inc.		2,197		255,050
Mondelez International, Inc., Class A		26,715		1,095,315
Tyson Foods, Inc., Class A		5,390		371,101
				4,691,067
Health Care Equipment & Supplies - 3.1%
Abbott Laboratories		31,752		1,936,554
ABIOMED, Inc. (A)		765		312,923
Align Technology, Inc. (A)		1,306		446,835
Baxter International, Inc.		8,922		658,800
Becton Dickinson and Co.		4,839		1,159,231
Boston Scientific Corp. (A)		24,990		817,173
Cooper Cos., Inc.		888		209,079
Danaher Corp.		11,134		1,098,703
DENTSPLY SIRONA, Inc.		4,119		180,289

	Shares		Value
COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Edwards Lifesciences Corp. (A)		3,817		$   555,641
Hologic, Inc. (A)		4,944		196,524
IDEXX Laboratories, Inc. (A)		1,573		342,820
Intuitive Surgical, Inc. (A)		2,052		981,841
Medtronic PLC		24,526		2,099,671
ResMed, Inc.		2,585		267,754
Stryker Corp.		5,821		982,934
Varian Medical Systems, Inc. (A)		1,657		188,434
Zimmer Biomet Holdings, Inc.		3,681		410,211
				12,845,417
Health Care Providers & Services - 3.1%
Aetna, Inc.		5,924		1,087,054
AmerisourceBergen Corp.		2,946		251,206
Anthem, Inc.		4,622		1,100,175
Cardinal Health, Inc.		5,627		274,767
Centene Corp. (A)		3,716		457,848
Cigna Corp.		4,406		748,800
CVS Health Corp.		18,412		1,184,812
DaVita, Inc. (A)		2,528		175,544
Envision Healthcare Corp. (A)		2,194		96,558
Express Scripts Holding Co. (A)		10,173		785,457
HCA Healthcare, Inc.		5,061		519,259
Henry Schein, Inc. (A)		2,790		202,666
Humana, Inc.		2,494		742,289
Laboratory Corp. of America Holdings (A)		1,853		332,669
McKesson Corp.		3,659		488,111
Quest Diagnostics, Inc.		2,460		270,452
UnitedHealth Group, Inc.		17,404		4,269,897
Universal Health Services, Inc., Class B		1,578		175,852
				13,163,416
Health Care Technology - 0.1%
Cerner Corp. (A)		5,709		341,341
Hotels, Restaurants & Leisure - 1.6%
Carnival Corp.		7,353		421,400
Chipotle Mexican Grill, Inc. (A)		443		191,097
Darden Restaurants, Inc.		2,242		240,028
Hilton Worldwide Holdings, Inc.		5,060		400,550
Marriott International, Inc., Class A		5,376		680,602
McDonald’s Corp.		14,220		2,228,132
MGM Resorts International		9,076		263,476
Norwegian Cruise Line Holdings, Ltd. (A)		3,744		176,904
Royal Caribbean Cruises, Ltd.		3,068		317,845
Starbucks Corp.		24,993		1,220,908
Wynn Resorts, Ltd.		1,534		256,699
Yum! Brands, Inc.		5,854		457,900
				6,855,541
Household Durables - 0.4%
D.R. Horton, Inc.		6,220		255,020
Garmin, Ltd.		2,014		122,854
Leggett & Platt, Inc.		2,377		106,109
Lennar Corp., Class A		4,955		260,137
Mohawk Industries, Inc. (A)		1,148		245,982
Newell Brands, Inc.		8,796		226,849
PulteGroup, Inc.		4,757		136,764
Whirlpool Corp.		1,169		170,943
				1,524,658

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    12

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Household Products - 1.4%
Church & Dwight Co., Inc.		4,432		$   235,605
Clorox Co.		2,346		317,297
Colgate-Palmolive Co.		15,799		1,023,933
Kimberly-Clark Corp.		6,327		666,486
Procter & Gamble Co.		45,542		3,555,009
				5,798,330
Independent Power & Renewable Electricity Producers - 0.1%
AES Corp.		11,979		160,638
NRG Energy, Inc.		5,418		166,333
				326,971
Industrial Conglomerates - 1.6%
3M Co.		10,752		2,115,134
General Electric Co.		157,300		2,140,853
Honeywell International, Inc.		13,528		1,948,708
Roper Technologies, Inc.		1,868		515,400
				6,720,095
Insurance - 2.4%
Aflac, Inc.		14,021		603,184
Allstate Corp.		6,366		581,025
American International Group, Inc.		16,258		861,999
Aon PLC		4,428		607,389
Arthur J. Gallagher & Co.		3,301		215,489
Assurant, Inc.		960		99,350
Brighthouse Financial, Inc. (A)		2,169		86,912
Chubb, Ltd.		8,436		1,071,541
Cincinnati Financial Corp.		2,705		180,856
Everest Re Group, Ltd.		742		171,016
Hartford Financial Services Group, Inc.		6,486		331,629
Lincoln National Corp.		3,961		246,572
Loews Corp.		4,742		228,944
Marsh & McLennan Cos., Inc.		9,189		753,222
MetLife, Inc.		18,410		802,676
Principal Financial Group, Inc.		4,824		255,431
Progressive Corp.		10,547		623,855
Prudential Financial, Inc.		7,607		711,331
Torchmark Corp.		1,913		155,737
Travelers Cos., Inc.		4,895		598,854
Unum Group		4,006		148,182
Willis Towers Watson PLC		2,388		362,021
XL Group, Ltd.		4,678		261,734
				9,958,949
Internet & Catalog Retail - 0.0% (C)
TripAdvisor, Inc. (A)		1,941		108,133
Internet & Direct Marketing Retail - 4.2%
Amazon.com, Inc. (A)		7,294		12,398,341
Booking Holdings, Inc. (A)		872		1,767,623
Expedia Group, Inc.		2,189		263,096
Netflix, Inc. (A)		7,873		3,081,728
				17,510,788
Internet Software & Services - 5.3%
Akamai Technologies, Inc. (A)		3,090		226,281
Alphabet, Inc., Class A (A)		5,409		6,107,789
Alphabet, Inc., Class C (A)		5,498		6,133,844
eBay, Inc. (A)		16,742		607,065
Facebook, Inc., Class A (A)		43,441		8,441,455

	Shares		Value
COMMON STOCKS (continued)
Internet Software & Services (continued)
Twitter, Inc. (A)		11,859		$   517,882
VeriSign, Inc. (A)		1,739		238,973
				22,273,289
IT Services - 4.5%
Accenture PLC, Class A		11,647		1,905,333
Alliance Data Systems Corp.		873		203,584
Automatic Data Processing, Inc.		7,978		1,070,169
Broadridge Financial Solutions, Inc.		2,136		245,854
Cognizant Technology Solutions Corp., Class A		10,611		838,163
DXC Technology Co.		5,158		415,786
Fidelity National Information Services, Inc.		5,995		635,650
Fiserv, Inc. (A)		7,415		549,377
FleetCor Technologies, Inc. (A)		1,623		341,885
Gartner, Inc. (A)		1,652		219,551
Global Payments, Inc.		2,890		322,206
International Business Machines Corp.		15,461		2,159,902
Mastercard, Inc., Class A		16,605		3,263,214
Paychex, Inc.		5,791		395,815
PayPal Holdings, Inc. (A)		20,214		1,683,220
Total System Services, Inc.		3,005		253,982
Visa, Inc., Class A		32,349		4,284,625
Western Union Co.		8,344		169,633
				18,957,949
Leisure Products - 0.1%
Hasbro, Inc.		2,059		190,066
Mattel, Inc. (B)		6,230		102,297
				292,363
Life Sciences Tools & Services - 0.8%
Agilent Technologies, Inc.		5,795		358,363
Illumina, Inc. (A)		2,662		743,470
IQVIA Holdings, Inc. (A)		2,931		292,572
Mettler-Toledo International, Inc. (A)		460		266,170
PerkinElmer, Inc.		2,004		146,753
Thermo Fisher Scientific, Inc.		7,286		1,509,222
Waters Corp. (A)		1,419		274,704
				3,591,254
Machinery - 1.5%
Caterpillar, Inc.		10,829		1,469,171
Cummins, Inc.		2,805		373,065
Deere & Co.		5,873		821,045
Dover Corp.		2,801		205,033
Flowserve Corp.		2,370		95,748
Fortive Corp.		5,555		428,346
Illinois Tool Works, Inc.		5,522		765,018
Ingersoll-Rand PLC		4,491		402,978
PACCAR, Inc.		6,372		394,809
Parker-Hannifin Corp.		2,408		375,287
Pentair PLC		2,940		123,715
Snap-on, Inc.		1,025		164,738
Stanley Black & Decker, Inc.		2,795		371,204
Xylem, Inc.		3,259		219,591
				6,209,748
Media - 2.2%
CBS Corp., Class B		6,185		347,721
Charter Communications, Inc., Class A (A)		3,355		983,720
Comcast Corp., Class A		83,169		2,728,775

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    13

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Media (continued)
Discovery, Inc., Class A (A) (B)		2,826		$   77,715
Discovery, Inc., Class C (A)		6,187		157,768
DISH Network Corp., Class A (A)		4,146		139,347
Interpublic Group of Cos., Inc.		6,982		163,658
News Corp., Class A		6,941		107,585
News Corp., Class B		2,205		34,949
Omnicom Group, Inc.		4,116		313,927
Twenty-First Century Fox, Inc., Class A		19,090		948,582
Twenty-First Century Fox, Inc., Class B		7,954		391,894
Viacom, Inc., Class B		6,393		192,813
Walt Disney Co.		26,926		2,822,114
				9,410,568
Metals & Mining - 0.3%
Freeport-McMoRan, Inc.		24,402		421,179
Newmont Mining Corp.		9,662		364,354
Nucor Corp.		5,761		360,062
				1,145,595
Multi-Utilities - 0.9%
Ameren Corp.		4,413		268,531
CenterPoint Energy, Inc.		7,814		216,526
CMS Energy Corp.		5,117		241,932
Consolidated Edison, Inc.		5,628		438,871
Dominion Energy, Inc.		11,818		805,751
DTE Energy Co.		3,287		340,632
NiSource, Inc.		6,110		160,571
Public Service Enterprise Group, Inc.		9,150		495,381
SCANA Corp.		2,583		99,497
Sempra Energy		4,784		555,470
WEC Energy Group, Inc.		5,715		369,475
				3,992,637
Multiline Retail - 0.5%
Dollar General Corp.		4,603		453,856
Dollar Tree, Inc. (A)		4,306		366,010
Kohl’s Corp.		3,047		222,126
Macy’s, Inc.		5,549		207,699
Nordstrom, Inc.		2,127		110,136
Target Corp.		9,656		735,015
				2,094,842
Oil, Gas & Consumable Fuels - 5.5%
Anadarko Petroleum Corp.		9,329		683,349
Andeavor		2,518		330,311
Apache Corp.		6,921		323,557
Cabot Oil & Gas Corp.		8,177		194,613
Chevron Corp.		34,609		4,375,616
Cimarex Energy Co.		1,728		175,807
Concho Resources, Inc. (A)		2,700		373,545
ConocoPhillips		21,191		1,475,318
Devon Energy Corp.		9,479		416,697
EOG Resources, Inc.		10,484		1,304,524
EQT Corp.		4,568		252,062
Exxon Mobil Corp.		76,679		6,343,654
Hess Corp.		4,742		317,192
HollyFrontier Corp.		3,197		218,771
Kinder Morgan, Inc.		34,360		607,141
Marathon Oil Corp.		15,452		322,329
Marathon Petroleum Corp.		8,365		586,888

	Shares		Value
COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Newfield Exploration Co. (A)		3,617		$   109,414
Noble Energy, Inc.		8,774		309,547
Occidental Petroleum Corp.		13,869		1,160,558
ONEOK, Inc.		7,445		519,884
Phillips 66		7,601		853,668
Pioneer Natural Resources Co.		3,087		584,184
Valero Energy Corp.		7,804		864,917
Williams Cos., Inc.		14,990		406,379
				23,109,925
Personal Products - 0.2%
Coty, Inc., Class A		8,564		120,753
Estee Lauder Cos., Inc., Class A		4,057		578,893
				699,646
Pharmaceuticals - 4.3%
Allergan PLC		6,141		1,023,827
Bristol-Myers Squibb Co.		29,603		1,638,230
Eli Lilly & Co.		17,299		1,476,124
Johnson & Johnson		48,576		5,894,212
Merck & Co., Inc.		48,724		2,957,547
Mylan NV (A)		9,336		337,403
Nektar Therapeutics (A)		2,918		142,486
Perrigo Co. PLC		2,332		170,026
Pfizer, Inc.		105,941		3,843,539
Zoetis, Inc.		8,763		746,520
				18,229,914
Professional Services - 0.3%
Equifax, Inc.		2,178		272,490
IHS Markit, Ltd. (A)		6,449		332,704
Nielsen Holdings PLC		6,064		187,559
Robert Half International, Inc.		2,238		145,694
Verisk Analytics, Inc. (A)		2,813		302,791
				1,241,238
Real Estate Management & Development - 0.1%
CBRE Group, Inc., Class A (A)		5,476		261,424
Road & Rail - 1.0%
CSX Corp.		15,853		1,011,104
JB Hunt Transport Services, Inc.		1,550		188,403
Kansas City Southern		1,858		196,874
Norfolk Southern Corp.		5,117		772,002
Union Pacific Corp.		14,046		1,990,037
				4,158,420
Semiconductors & Semiconductor Equipment - 4.0%
Advanced Micro Devices, Inc. (A) (B)		14,922		223,681
Analog Devices, Inc.		6,717		644,295
Applied Materials, Inc.		18,257		843,291
Broadcom, Inc.		7,271		1,764,235
Intel Corp.		84,397		4,195,375
KLA-Tencor Corp.		2,823		289,442
Lam Research Corp.		2,971		513,537
Microchip Technology, Inc. (B)		4,257		387,174
Micron Technology, Inc. (A)		21,004		1,101,450
NVIDIA Corp.		10,993		2,604,242
Qorvo, Inc. (A)		2,291		183,670
QUALCOMM, Inc.		26,852		1,506,934
Skyworks Solutions, Inc.		3,298		318,752

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    14

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
Texas Instruments, Inc.		17,729		$   1,954,622
Xilinx, Inc.		4,589		299,478
				16,830,178
Software - 6.0%
Activision Blizzard, Inc.		13,786		1,052,148
Adobe Systems, Inc. (A)		8,919		2,174,541
ANSYS, Inc. (A)		1,522		265,102
Autodesk, Inc. (A)		3,968		520,165
CA, Inc.		5,659		201,743
Cadence Design Systems, Inc. (A)		5,106		221,141
Citrix Systems, Inc. (A)		2,332		244,487
Electronic Arts, Inc. (A)		5,557		783,648
Intuit, Inc.		4,415		902,007
Microsoft Corp.		139,150		13,721,581
Oracle Corp.		53,972		2,378,006
Red Hat, Inc. (A)		3,218		432,403
salesforce.com, Inc. (A)		12,774		1,742,374
Symantec Corp.		11,257		232,457
Synopsys, Inc. (A)		2,699		230,953
Take-Two Interactive Software, Inc. (A)		2,072		245,242
				25,347,998
Specialty Retail - 2.3%
Advance Auto Parts, Inc.		1,341		181,974
AutoZone, Inc. (A)		483		324,059
Best Buy Co., Inc.		4,442		331,284
CarMax, Inc. (A)		3,225		235,006
Foot Locker, Inc.		2,139		112,618
Gap, Inc.		3,930		127,293
Home Depot, Inc.		20,892		4,076,029
L Brands, Inc.		4,393		162,014
Lowe’s Cos., Inc.		14,887		1,422,751
O’Reilly Automotive, Inc. (A)		1,484		405,978
Ross Stores, Inc.		6,857		581,131
Tiffany & Co.		1,845		242,802
TJX Cos., Inc.		11,357		1,080,959
Tractor Supply Co.		2,210		169,043
Ulta Beauty, Inc. (A)		1,035		241,631
				9,694,572
Technology Hardware, Storage & Peripherals - 4.5%
Apple, Inc.		89,018		16,478,122
Hewlett Packard Enterprise Co.		27,655		404,039
HP, Inc.		29,727		674,506

	Shares		Value
COMMON STOCKS (continued)
Technology Hardware, Storage & Peripherals (continued)
NetApp, Inc.		4,852		$   381,028
Seagate Technology PLC		5,199		293,587
Western Digital Corp.		5,420		419,562
Xerox Corp.		3,874		92,976
				18,743,820
Textiles, Apparel & Luxury Goods - 0.8%
Hanesbrands, Inc. (B)		6,527		143,724
Michael Kors Holdings, Ltd. (A)		2,715		180,819
NIKE, Inc., Class B		23,231		1,851,046
PVH Corp.		1,396		209,009
Ralph Lauren Corp.		1,008		126,726
Tapestry, Inc.		5,213		243,499
Under Armour, Inc., Class A (A)		3,368		75,713
Under Armour, Inc., Class C (A) (B)		3,411		71,904
VF Corp.		5,930		483,414
				3,385,854
Tobacco - 1.0%
Altria Group, Inc.		34,278		1,946,648
Philip Morris International, Inc.		28,153		2,273,073
				4,219,721
Trading Companies & Distributors - 0.2%
Fastenal Co.		5,210		250,757
United Rentals, Inc. (A)		1,514		223,497
WW Grainger, Inc.		923		284,653
				758,907
Water Utilities - 0.1%
American Water Works Co., Inc.		3,225		275,351
Total Common Stocks (Cost $401,001,274)			416,977,355
SECURITIES LENDING COLLATERAL - 0.3%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 1.93% (D)		1,379,090		1,379,090
Total Securities Lending Collateral (Cost $1,379,090)				1,379,090
Total Investments (Cost $402,380,364)				418,356,445
Net Other Assets (Liabilities) - 0.3%				1,407,339
Net Assets  - 100.0%				$  419,763,784

FUTURES CONTRACTS:

Description	Long/Short		Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
S&P 500® E-Mini Index		Long		20		09/21/2018	$	2,776,750	$	2,721,600	$	—	$	(55,150)

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    15

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	416,977,355		$	—	$	—	$	416,977,355
Securities Lending Collateral		1,379,090			—		—		1,379,090
Total Investments	$	418,356,445		$	—	$	—	$	418,356,445
LIABILITIES
Other Financial Instruments
Futures Contracts (F)	$	(55,150	)	$	—	$	—	$	(55,150	)
Total Other Financial Instruments	$	(55,150	)	$	—	$	—	$	(55,150	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $1,346,116. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(C)	Percentage rounds to less than 0.1% or (0.1)%.
(D)	Rate disclosed reflects the yield at June 30, 2018.
(E)	The Fund recognizes transfers between Levels at the end of the reporting period. There were no transfers between Levels 1, 2 and 3 during the period ended June 30, 2018. Please reference the Security Valuation section of the Notes to Financial Statements for more information regarding security valuation and pricing inputs.
(F)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    16

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS - 98.8%
Aerospace & Defense - 2.1%
AAR Corp.		1,564		$  72,711
Aerojet Rocketdyne Holdings, Inc. (A)		3,665		108,081
Aerovironment, Inc. (A)		1,033		73,787
Axon Enterprise, Inc. (A)		2,790		176,272
Cubic Corp.		1,216		78,067
Engility Holdings, Inc. (A)		861		26,381
Mercury Systems, Inc. (A)		2,339		89,022
Moog, Inc., Class A		1,575		122,787
National Presto Industries, Inc.		244		30,256
Triumph Group, Inc.		2,413		47,295
				824,659
Air Freight & Logistics - 0.7%
Atlas Air Worldwide Holdings, Inc. (A)		1,241		88,980
Echo Global Logistics, Inc. (A)		1,294		37,849
Forward Air Corp.		1,428		84,366
Hub Group, Inc., Class A (A)		1,636		81,473
				292,668
Airlines - 0.8%
Allegiant Travel Co.		611		84,899
Hawaiian Holdings, Inc.		2,464		88,581
SkyWest, Inc.		2,526		131,099
				304,579
Auto Components - 1.7%
American Axle & Manufacturing Holdings, Inc. (A)		4,823		75,046
Cooper Tire & Rubber Co.		2,454		64,540
Cooper-Standard Holdings, Inc. (A)		789		103,099
Dorman Products, Inc. (A)		1,440		98,366
Fox Factory Holding Corp. (A)		1,829		85,140
Gentherm, Inc. (A)		1,786		70,190
LCI Industries		1,224		110,344
Motorcar Parts of America, Inc. (A) (B)		926		17,325
Standard Motor Products, Inc.		982		47,470
Superior Industries International, Inc.		1,129		20,209
				691,729
Automobiles - 0.1%
Winnebago Industries, Inc.		1,398		56,759
Banks - 8.3%
Ameris Bancorp		1,969		105,046
Banc of California, Inc. (B)		2,063		40,332
Banner Corp.		1,570		94,404
Berkshire Hills Bancorp, Inc.		1,786		72,512
Boston Private Financial Holdings, Inc.		4,088		64,999
Brookline Bancorp, Inc.		3,898		72,503
Central Pacific Financial Corp.		1,437		41,170
City Holding Co.		749		56,347
Columbia Banking System, Inc.		3,555		145,399
Community Bank System, Inc.		2,474		146,139
Customers Bancorp, Inc. (A)		1,437		40,782
CVB Financial Corp.		4,977		111,584
Fidelity Southern Corp.		1,076		27,341
First BanCorp (A)		8,823		67,496
First Commonwealth Financial Corp.		4,871		75,549
First Financial Bancorp		4,748		145,526
First Financial Bankshares, Inc. (B)		3,282		167,054
First Midwest Bancorp, Inc.		5,004		127,452
Franklin Financial Network, Inc. (A)		586		22,034

	Shares		Value
COMMON STOCKS (continued)
Banks (continued)
Glacier Bancorp, Inc.		3,856		$   149,150
Great Western Bancorp, Inc.		2,859		120,049
Green Bancorp, Inc.		1,285		27,756
Hanmi Financial Corp.		1,577		44,708
Heritage Financial Corp.		1,387		48,337
Hope Bancorp, Inc.		6,249		111,420
Independent Bank Corp.		1,339		104,978
LegacyTexas Financial Group, Inc.		2,062		80,459
National Bank Holdings Corp., Class A		1,319		50,900
NBT Bancorp, Inc.		2,118		80,802
OFG Bancorp		2,134		29,983
Old National Bancorp		6,500		120,900
Opus Bank		839		24,079
Pacific Premier Bancorp, Inc. (A)		1,897		72,371
S&T Bancorp, Inc.		1,699		73,465
Seacoast Banking Corp. of Florida (A)		2,280		72,002
ServisFirst Bancshares, Inc.		2,193		91,514
Simmons First National Corp., Class A		3,806		113,799
Southside Bancshares, Inc.		1,344		45,266
Tompkins Financial Corp.		601		51,614
United Community Banks, Inc.		3,572		109,553
Westamerica Bancorporation		1,292		73,011
				3,319,785
Beverages - 0.2%
Coca-Cola Bottling Co. Consolidated		225		30,404
MGP Ingredients, Inc.		613		54,441
				84,845
Biotechnology - 2.7%
Acorda Therapeutics, Inc. (A)		2,284		65,551
AMAG Pharmaceuticals, Inc. (A) (B)		1,666		32,487
Cytokinetics, Inc. (A)		2,473		20,526
Eagle Pharmaceuticals, Inc. (A) (B)		404		30,567
Emergent BioSolutions, Inc. (A)		1,717		86,691
Enanta Pharmaceuticals, Inc. (A)		701		81,246
Ligand Pharmaceuticals, Inc. (A) (B)		1,035		214,421
MiMedx Group, Inc. (A) (B)		4,958		31,682
Momenta Pharmaceuticals, Inc. (A)		3,766		77,015
Myriad Genetics, Inc. (A)		3,393		126,796
Progenics Pharmaceuticals, Inc. (A) (B)		3,578		28,767
REGENXBIO, Inc. (A)		1,302		93,418
Repligen Corp. (A)		1,824		85,801
Spectrum Pharmaceuticals, Inc. (A)		4,546		95,284
				1,070,252
Building Products - 2.2%
AAON, Inc.		1,957		65,070
American Woodmark Corp. (A)		688		62,986
Apogee Enterprises, Inc.		1,370		65,993
Gibraltar Industries, Inc. (A)		1,542		57,825
Griffon Corp.		1,643		29,245
Insteel Industries, Inc.		879		29,359
Patrick Industries, Inc. (A)		1,142		64,923
PGT Innovations, Inc. (A)		2,426		50,582
Quanex Building Products Corp.		1,703		30,569
Simpson Manufacturing Co., Inc.		2,001		124,442
Trex Co., Inc. (A)		2,857		178,820
Universal Forest Products, Inc.		2,987		109,384
				869,198

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    17

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Capital Markets - 1.2%
Donnelley Financial Solutions, Inc. (A)		1,645		$   28,574
Financial Engines, Inc.		3,091		138,786
Greenhill & Co., Inc. (B)		1,067		30,303
INTL. FCStone, Inc. (A)		761		39,351
Investment Technology Group, Inc.		1,603		33,535
Piper Jaffray Cos.		693		53,257
Virtus Investment Partners, Inc.		350		44,782
Waddell & Reed Financial, Inc., Class A		3,982		71,556
WisdomTree Investments, Inc.		5,648		51,284
				491,428
Chemicals - 2.9%
A. Schulman, Inc.		1,433		63,768
AdvanSix, Inc. (A)		1,480		54,212
American Vanguard Corp.		1,276		29,284
Balchem Corp.		1,558		152,902
Flotek Industries, Inc. (A)		2,760		8,915
FutureFuel Corp.		1,231		17,246
Hawkins, Inc.		462		16,332
HB Fuller Co.		2,454		131,731
Ingevity Corp. (A)		2,043		165,197
Innophos Holdings, Inc.		948		45,125
Innospec, Inc.		1,184		90,635
Koppers Holdings, Inc. (A)		1,025		39,309
Kraton Corp. (A)		1,548		71,425
LSB Industries, Inc. (A)		986		5,226
Quaker Chemical Corp.		647		100,201
Rayonier Advanced Materials, Inc.		2,518		43,032
Stepan Co.		967		75,436
Tredegar Corp.		1,238		29,093
				1,139,069
Commercial Services & Supplies - 2.5%
ABM Industries, Inc.		3,189		93,055
Brady Corp., Class A		2,340		90,207
Essendant, Inc.		1,828		24,166
Interface, Inc.		2,888		66,280
LSC Communications, Inc.		1,620		25,369
Matthews International Corp., Class A		1,560		91,728
Mobile Mini, Inc.		2,166		101,585
Multi-Color Corp.		675		43,639
R.R. Donnelley & Sons Co.		3,412		19,653
Team, Inc. (A) (B)		1,456		33,634
Tetra Tech, Inc.		2,699		157,891
UniFirst Corp.		749		132,498
US Ecology, Inc.		1,064		67,777
Viad Corp.		994		53,925
				1,001,407
Communications Equipment - 1.5%
ADTRAN, Inc.		2,326		34,541
Applied Optoelectronics, Inc. (A) (B)		950		42,655
CalAmp Corp. (A)		1,736		40,675
Comtech Telecommunications Corp.		1,146		36,534
Digi International, Inc. (A)		1,318		17,398
Extreme Networks, Inc. (A)		5,625		44,775
Finisar Corp. (A) (B)		5,567		100,206
Harmonic, Inc. (A)		4,136		17,578
NETGEAR, Inc. (A)		1,531		95,688

	Shares		Value
COMMON STOCKS (continued)
Communications Equipment (continued)
Oclaro, Inc. (A)		8,283		$   73,967
Viavi Solutions, Inc. (A)		10,985		112,486
				616,503
Construction & Engineering - 0.4%
Aegion Corp. (A)		1,573		40,505
Comfort Systems USA, Inc.		1,801		82,486
MYR Group, Inc. (A)		801		28,403
Orion Group Holdings, Inc. (A)		1,374		11,349
				162,743
Construction Materials - 0.1%
US Concrete, Inc. (A) (B)		767		40,268
Consumer Finance - 1.5%
Encore Capital Group, Inc. (A)		1,157		42,346
Enova International, Inc. (A)		1,644		60,088
EZCORP, Inc., Class A (A)		2,499		30,113
FirstCash, Inc.		2,204		198,029
Green Dot Corp., Class A (A)		2,268		166,449
PRA Group, Inc. (A)		2,198		84,733
World Acceptance Corp. (A)		295		32,748
				614,506
Containers & Packaging - 0.1%
Myers Industries, Inc.		1,309		25,133
Distributors - 0.1%
Core-Mark Holding Co., Inc.		2,240		50,848
Diversified Consumer Services - 0.6%
American Public Education, Inc. (A)		796		33,511
Capella Education Co.		566		55,864
Career Education Corp. (A)		3,210		51,906
Regis Corp. (A)		1,679		27,771
Strayer Education, Inc.		521		58,878
				227,930
Diversified Telecommunication Services - 1.1%
ATN International, Inc.		528		27,863
Cincinnati Bell, Inc. (A)		2,058		32,311
Cogent Communications Holdings, Inc.		2,022		107,975
Consolidated Communications Holdings, Inc. (B)		3,147		38,897
Frontier Communications Corp. (B)		3,890		20,850
Iridium Communications, Inc. (A) (B)		4,072		65,559
Vonage Holdings Corp. (A)		10,490		135,216
				428,671
Electric Utilities - 0.3%
E.I. Paso Electric Co.		1,974		116,663
Electrical Equipment - 0.4%
AZZ, Inc.		1,263		54,877
Encore Wire Corp.		1,012		48,020
Powell Industries, Inc.		423		14,733
Vicor Corp. (A)		795		34,622
				152,252
Electronic Equipment, Instruments & Components - 4.0%
Anixter International, Inc. (A)		1,412		89,380
Badger Meter, Inc.		1,413		63,161
Bel Fuse, Inc., Class B		478		9,990
Benchmark Electronics, Inc.		2,305		67,191
Control4 Corp. (A)		985		23,945
CTS Corp.		1,603		57,708

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    18

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Electronic Equipment, Instruments & Components (continued)
Daktronics, Inc.		1,900		$   16,169
Electro Scientific Industries, Inc. (A) (B)		1,669		26,320
ePlus, Inc. (A)		665		62,576
Fabrinet (A)		1,791		66,070
FARO Technologies, Inc. (A)		823		44,730
II-VI, Inc. (A)		2,672		116,098
Insight Enterprises, Inc. (A)		1,720		84,160
Itron, Inc. (A)		1,674		100,524
Kemet Corp. (A)		2,405		58,081
Knowles Corp. (A)		4,366		66,800
Methode Electronics, Inc.		1,788		72,056
MTS Systems Corp.		865		45,542
OSI Systems, Inc. (A)		825		63,797
Park Electrochemical Corp.		924		21,428
Plexus Corp. (A)		1,601		95,324
Rogers Corp. (A)		891		99,311
Sanmina Corp. (A)		3,330		97,569
ScanSource, Inc. (A)		1,241		50,012
TTM Technologies, Inc. (A)		4,519		79,670
				1,577,612
Energy Equipment & Services - 2.2%
Archrock, Inc.		6,276		75,312
Bristow Group, Inc.		1,569		22,138
C&J Energy Services, Inc. (A)		3,088		72,877
CARBO Ceramics, Inc. (A)		1,078		9,885
Era Group, Inc. (A)		1,000		12,950
Exterran Corp. (A)		1,561		39,087
Geospace Technologies Corp. (A)		659		9,265
Gulf Island Fabrication, Inc.		664		5,976
Helix Energy Solutions Group, Inc. (A)		6,757		56,286
Matrix Service Co. (A)		1,302		23,892
Newpark Resources, Inc. (A)		4,335		47,035
Noble Corp. PLC (A)		11,978		75,821
Oil States International, Inc. (A)		2,910		93,411
Pioneer Energy Services Corp. (A)		3,792		22,183
ProPetro Holding Corp. (A)		3,482		54,598
SEACOR Holdings, Inc. (A)		829		47,477
TETRA Technologies, Inc. (A)		6,095		27,123
Unit Corp. (A)		2,623		67,044
US Silica Holdings, Inc.		3,783		97,185
				859,545
Equity Real Estate Investment Trusts - 5.6%
Acadia Realty Trust		3,960		108,385
Agree Realty Corp.		1,506		79,472
American Assets Trust, Inc.		2,016		77,193
Armada Hoffler Properties, Inc.		2,196		32,720
CareTrust REIT, Inc.		3,696		61,686
CBL & Associates Properties, Inc. (B)		8,381		46,682
Cedar Realty Trust, Inc.		3,816		18,012
Chatham Lodging Trust		2,226		47,236
Chesapeake Lodging Trust		2,931		92,737
Community Healthcare Trust, Inc.		838		25,031
DiamondRock Hospitality Co.		9,735		119,546
Easterly Government Properties, Inc.		2,752		54,380
EastGroup Properties, Inc.		1,696		162,070
Four Corners Property Trust, Inc.		2,980		73,397
Franklin Street Properties Corp.		5,205		44,555

	Shares		Value
COMMON STOCKS (continued)
Equity Real Estate Investment Trusts (continued)
Getty Realty Corp.		1,603		$   45,156
Global Net Lease, Inc.		3,268		66,765
Government Properties Income Trust		4,812		76,270
Hersha Hospitality Trust		1,795		38,503
Independence Realty Trust, Inc.		4,221		43,518
Kite Realty Group Trust		4,061		69,362
Lexington Realty Trust		10,483		91,517
LTC Properties, Inc.		1,924		82,232
National Storage Affiliates Trust		2,453		75,601
Pennsylvania Real Estate Investment Trust (B)		3,415		37,531
PS Business Parks, Inc.		968		124,388
Ramco-Gershenson Properties Trust		3,884		51,308
Retail Opportunity Investments Corp.		5,471		104,824
Saul Centers, Inc.		590		31,612
Summit Hotel Properties, Inc.		5,082		72,723
Universal Health Realty Income Trust		613		39,220
Urstadt Biddle Properties, Inc., Class A		1,447		32,746
Washington Prime Group, Inc. (B)		9,028		73,217
Whitestone REIT		1,932		24,111
				2,223,706
Food & Staples Retailing - 0.3%
Andersons, Inc.		1,285		43,947
SpartanNash Co.		1,744		44,507
SUPERVALU, Inc. (A)		1,864		38,249
				126,703
Food Products - 1.5%
B&G Foods, Inc. (B)		3,232		96,637
Cal-Maine Foods, Inc. (A)		1,447		66,345
Calavo Growers, Inc. (B)		766		73,651
Darling Ingredients, Inc. (A)		7,992		158,881
Dean Foods Co.		4,434		46,601
J&J Snack Foods Corp.		726		110,693
John B Sanfilippo & Son, Inc.		425		31,641
Seneca Foods Corp., Class A (A)		328		8,856
				593,305
Gas Utilities - 1.0%
Northwest Natural Gas Co.		1,397		89,129
South Jersey Industries, Inc. (B)		4,150		138,900
Spire, Inc.		2,444		172,669
				400,698
Health Care Equipment & Supplies - 3.3%
Abaxis, Inc.		1,110		92,141
AngioDynamics, Inc. (A)		1,786		39,721
Anika Therapeutics, Inc. (A)		716		22,912
CONMED Corp.		1,211		88,645
CryoLife, Inc. (A)		1,636		45,563
Cutera, Inc. (A)		662		26,679
Heska Corp. (A)		326		33,835
Inogen, Inc. (A)		845		157,449
Integer Holdings Corp. (A)		1,383		89,411
Invacare Corp.		1,609		29,927
Lantheus Holdings, Inc. (A)		1,468		21,359
LeMaitre Vascular, Inc.		741		24,809
Meridian Bioscience, Inc.		2,055		32,674
Merit Medical Systems, Inc. (A)		2,447		125,286
Natus Medical, Inc. (A)		1,624		56,028

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    19

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Neogen Corp. (A)		2,504		$   200,796
OraSure Technologies, Inc. (A)		2,964		48,817
Orthofix International NV (A)		916		52,047
Surmodics, Inc. (A)		644		35,549
Tactile Systems Technology, Inc. (A) (B)		719		37,388
Varex Imaging Corp. (A)		1,842		68,320
				1,329,356
Health Care Providers & Services - 3.2%
Aceto Corp.		1,494		5,005
Amedisys, Inc. (A)		1,389		118,704
AMN Healthcare Services, Inc. (A)		2,323		136,128
BioTelemetry, Inc. (A)		1,512		68,040
Community Health Systems, Inc. (A) (B)		5,645		18,741
CorVel Corp. (A)		467		25,218
Cross Country Healthcare, Inc. (A)		1,767		19,879
Diplomat Pharmacy, Inc. (A)		2,339		59,785
Ensign Group, Inc.		2,363		84,643
HealthEquity, Inc. (A)		2,549		191,430
LHC Group, Inc. (A)		1,418		121,366
Magellan Health, Inc. (A)		1,195		114,660
Owens & Minor, Inc.		2,999		50,113
Providence Service Corp. (A)		531		41,710
Quorum Health Corp. (A)		1,371		6,855
Select Medical Holdings Corp. (A)		5,206		94,489
Tivity Health, Inc. (A)		1,665		58,608
US Physical Therapy, Inc.		615		59,040
				1,274,414
Health Care Technology - 0.8%
Computer Programs & Systems, Inc.		554		18,227
HealthStream, Inc.		1,254		34,247
HMS Holdings Corp. (A)		4,039		87,323
Omnicell, Inc. (A)		1,887		98,973
Quality Systems, Inc. (A)		2,293		44,713
Tabula Rasa HealthCare, Inc. (A)		660		42,128
				325,611
Hotels, Restaurants & Leisure - 2.2%
Belmond, Ltd., Class A (A)		4,075		45,436
BJ’s Restaurants, Inc.		878		52,680
Chuy’s Holdings, Inc. (A)		822		25,235
Dave & Buster’s Entertainment, Inc. (A)		1,924		91,583
Dine Brands Global, Inc.		865		64,702
El Pollo Loco Holdings, Inc. (A)		1,050		11,970
Fiesta Restaurant Group, Inc. (A)		1,323		37,970
Marriott Vacations Worldwide Corp.		1,148		129,678
Monarch Casino & Resort, Inc. (A)		553		24,360
Penn National Gaming, Inc. (A)		4,102		137,786
Red Robin Gourmet Burgers, Inc. (A)		630		29,358
Ruth’s Hospitality Group, Inc.		1,397		39,186
Shake Shack, Inc., Class A (A) (B)		939		62,143
Sonic Corp.		1,803		62,059
Wingstop, Inc.		1,418		73,906
				888,052
Household Durables - 1.9%
Cavco Industries, Inc. (A)		413		85,759
Ethan Allen Interiors, Inc.		1,214		29,743
Installed Building Products, Inc. (A)		1,012		57,229

	Shares		Value
COMMON STOCKS (continued)
Household Durables (continued)
iRobot Corp. (A) (B)		1,350		$   102,289
La-Z-Boy, Inc.		2,285		69,921
LGI Homes, Inc. (A) (B)		878		50,687
M/I Homes, Inc. (A)		1,387		36,728
MDC Holdings, Inc.		2,183		67,171
Meritage Homes Corp. (A)		1,854		81,483
TopBuild Corp. (A)		1,731		135,607
Universal Electronics, Inc. (A)		686		22,672
William Lyon Homes, Class A (A)		1,354		31,413
				770,702
Household Products - 0.5%
Central Garden & Pet Co. (A)		501		21,784
Central Garden & Pet Co., Class A (A)		1,707		69,082
WD-40 Co.		675		98,719
				189,585
Industrial Conglomerates - 0.2%
Raven Industries, Inc.		1,742		66,980
Insurance - 3.3%
Ambac Financial Group, Inc. (A)		2,200		43,670
American Equity Investment Life Holding Co.		4,373		157,428
AMERISAFE, Inc.		935		53,996
eHealth, Inc. (A)		811		17,923
Employers Holdings, Inc.		1,590		63,918
HCI Group, Inc.		367		15,256
Horace Mann Educators Corp.		1,985		88,531
Infinity Property & Casualty Corp.		531		75,588
James River Group Holdings, Ltd.		1,450		56,971
Maiden Holdings, Ltd.		3,308		25,637
Navigators Group, Inc.		1,096		62,472
ProAssurance Corp.		2,601		92,205
RLI Corp.		1,892		125,232
Safety Insurance Group, Inc.		742		63,367
Selective Insurance Group, Inc.		2,852		156,860
Stewart Information Services Corp.		1,152		49,617
Third Point Reinsurance, Ltd. (A)		4,020		50,250
United Fire Group, Inc.		1,028		56,036
United Insurance Holdings Corp.		996		19,502
Universal Insurance Holdings, Inc.		1,583		55,563
				1,330,022
Internet & Catalog Retail - 0.1%
PetMed Express, Inc. (B)		1,000		44,050
Internet & Direct Marketing Retail - 0.5%
FTD Cos., Inc. (A)		822		3,814
Nutrisystem, Inc.		1,442		55,517
Shutterfly, Inc. (A)		1,610		144,948
				204,279
Internet Software & Services - 1.6%
Alarm.com Holdings, Inc. (A)		1,217		49,143
Blucora, Inc. (A)		2,280		84,360
Liquidity Services, Inc. (A)		1,262		8,266
LivePerson, Inc. (A)		2,711		57,202
NIC, Inc.		3,228		50,195
QuinStreet, Inc. (A)		1,784		22,657
Shutterstock, Inc. (A)		897		42,572
SPS Commerce, Inc. (A)		843		61,944

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    20

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Internet Software & Services (continued)
Stamps.com, Inc. (A)		809		$   204,717
XO Group, Inc. (A)		1,182		37,824
				618,880
IT Services - 2.1%
CACI International, Inc., Class A (A)		1,199		202,091
Cardtronics PLC, Class A (A)		2,229		53,897
CSG Systems International, Inc.		1,633		66,741
EVERTEC, Inc.		2,926		63,933
ExlService Holdings, Inc. (A)		1,670		94,539
ManTech International Corp., Class A		1,279		68,605
Perficient, Inc. (A)		1,702		44,882
Sykes Enterprises, Inc. (A)		1,932		55,603
Travelport Worldwide, Ltd.		6,117		113,409
TTEC Holdings, Inc.		692		23,909
Virtusa Corp. (A)		1,340		65,231
				852,840
Leisure Products - 0.5%
Callaway Golf Co.		4,583		86,940
Nautilus, Inc. (A)		1,476		23,173
Sturm Ruger & Co., Inc.		847		47,432
Vista Outdoor, Inc. (A)		2,788		43,186
				200,731
Life Sciences Tools & Services - 0.4%
Cambrex Corp. (A)		1,600		83,680
Luminex Corp.		2,006		59,237
				142,917
Machinery - 5.3%
Actuant Corp., Class A		2,946		86,465
Alamo Group, Inc.		464		41,927
Albany International Corp., Class A		1,408		84,691
Astec Industries, Inc.		930		55,614
Barnes Group, Inc.		2,348		138,297
Briggs & Stratton Corp.		2,071		36,470
Chart Industries, Inc. (A)		1,503		92,705
CIRCOR International, Inc.		963		35,593
EnPro Industries, Inc.		1,020		71,349
ESCO Technologies, Inc.		1,258		72,587
Federal Signal Corp.		2,912		67,821
Franklin Electric Co., Inc.		1,874		84,517
Greenbrier Cos., Inc.		1,373		72,426
Harsco Corp. (A)		3,911		86,433
Hillenbrand, Inc.		3,034		143,053
John Bean Technologies Corp.		1,540		136,906
Lindsay Corp.		522		50,629
Lydall, Inc. (A)		843		36,797
Mueller Industries, Inc.		2,794		82,451
Proto Labs, Inc. (A)		1,216		144,643
SPX Corp. (A)		2,086		73,114
SPX FLOW, Inc. (A)		2,064		90,341
Standex International Corp.		623		63,671
Tennant Co.		873		68,967
Titan International, Inc.		2,410		25,859
Wabash National Corp.		2,817		52,565
Watts Water Technologies, Inc., Class A		1,350		105,840
				2,101,731

	Shares		Value
COMMON STOCKS (continued)
Marine - 0.2%
Matson, Inc.		2,070		$   79,447
Media - 1.0%
EW Scripps Co., Class A		2,675		35,818
Gannett Co., Inc.		5,481		58,647
Marcus Corp.		945		30,713
New Media Investment Group, Inc.		2,926		54,072
Scholastic Corp.		1,333		59,065
World Wrestling Entertainment, Inc., Class A (B)		1,941		141,344
				379,659
Metals & Mining - 0.9%
AK Steel Holding Corp. (A) (B)		15,304		66,419
Century Aluminum Co. (A)		2,423		38,162
Haynes International, Inc.		608		22,338
Kaiser Aluminum Corp.		814		84,746
Materion Corp.		980		53,067
Olympic Steel, Inc.		443		9,042
SunCoke Energy, Inc. (A)		3,138		42,049
TimkenSteel Corp. (A)		1,902		31,098
				346,921
Mortgage Real Estate Investment Trusts - 0.9%
Apollo Commercial Real Estate Finance, Inc.		5,434		99,334
ARMOUR Residential REIT, Inc.		2,034		46,396
Capstead Mortgage Corp.		4,487		40,159
Invesco Mortgage Capital, Inc.		5,419		86,162
New York Mortgage Trust, Inc.		5,442		32,706
PennyMac Mortgage Investment Trust		2,955		56,115
				360,872
Multi-Utilities - 0.4%
Avista Corp.		3,187		167,827
Multiline Retail - 0.1%
JC Penney Co., Inc. (A) (B)		15,255		35,697
Oil, Gas & Consumable Fuels - 2.0%
Carrizo Oil & Gas, Inc. (A)		3,784		105,384
Cloud Peak Energy, Inc. (A)		3,678		12,836
CONSOL Energy, Inc. (A)		1,224		46,940
Denbury Resources, Inc. (A)		19,463		93,617
Green Plains, Inc.		1,888		34,550
HighPoint Resources Corp. (A)		4,837		29,409
Par Pacific Holdings, Inc. (A)		1,225		21,291
PDC Energy, Inc. (A)		3,207		193,863
Penn Virginia Corp. (A)		658		55,858
Renewable Energy Group, Inc. (A)		1,594		28,453
REX American Resources Corp. (A)		275		22,267
Ring Energy, Inc. (A)		2,638		33,292
SRC Energy, Inc. (A)		11,749		129,474
				807,234
Paper & Forest Products - 1.1%
Boise Cascade Co.		1,887		84,349
Clearwater Paper Corp. (A)		799		18,457
KapStone Paper and Packaging Corp.		4,272		147,384
Neenah, Inc.		816		69,238
P.H. Glatfelter Co.		2,121		41,550
Schweitzer-Mauduit International, Inc.		1,493		65,274
				426,252

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    21

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Personal Products - 0.4%
Avon Products, Inc. (A)		21,438		$   34,730
Inter Parfums, Inc.		835		44,672
Medifast, Inc.		515		82,482
				161,884
Pharmaceuticals - 1.6%
Amphastar Pharmaceuticals, Inc. (A)		1,742		26,583
ANI Pharmaceuticals, Inc. (A)		440		29,392
Corcept Therapeutics, Inc. (A) (B)		4,642		72,972
Depomed, Inc. (A)		3,086		20,584
Endo International PLC (A)		9,776		92,188
Innoviva, Inc. (A)		3,349		46,216
Lannett Co., Inc. (A) (B)		1,476		20,073
Medicines Co. (A) (B)		3,144		115,385
Phibro Animal Health Corp., Class A		961		44,254
Supernus Pharmaceuticals, Inc. (A)		2,514		150,463
				618,110
Professional Services - 2.7%
ASGN, Inc. (A)		2,386		186,561
Exponent, Inc.		2,524		121,909
Forrester Research, Inc.		480		20,136
FTI Consulting, Inc. (A)		1,833		110,860
Heidrick & Struggles International, Inc.		918		32,130
Insperity, Inc.		1,815		172,879
Kelly Services, Inc., Class A		1,493		33,518
Korn/Ferry International		2,744		169,936
Navigant Consulting, Inc. (A)		2,193		48,553
Resources Connection, Inc.		1,438		24,302
TrueBlue, Inc. (A)		1,827		49,238
WageWorks, Inc. (A)		1,924		96,200
				1,066,222
Real Estate Management & Development - 0.3%
HFF, Inc., Class A		1,803		61,933
RE/MAX Holdings, Inc., Class A		861		45,160
				107,093
Road & Rail - 0.6%
ArcBest Corp.		1,245		56,897
Heartland Express, Inc.		2,397		44,464
Marten Transport, Ltd.		1,881		44,109
Saia, Inc. (A)		1,246		100,739
				246,209
Semiconductors & Semiconductor Equipment - 3.4%
Advanced Energy Industries, Inc. (A)		1,909		110,894
Axcelis Technologies, Inc. (A)		1,560		30,888
Brooks Automation, Inc.		3,424		111,691
Cabot Microelectronics Corp.		1,247		134,127
CEVA, Inc. (A)		1,079		32,586
Cohu, Inc.		1,398		34,265
Diodes, Inc. (A)		1,877		64,700
DSP Group, Inc. (A)		1,101		13,707
FormFactor, Inc. (A)		3,545		47,149
Kopin Corp. (A) (B)		3,009		8,606
Kulicke & Soffa Industries, Inc.		3,354		79,892
MaxLinear, Inc. (A)		3,009		46,910
Nanometrics, Inc. (A)		1,160		41,076
PDF Solutions, Inc. (A)		1,335		15,993

	Shares		Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
Photronics, Inc. (A)		3,392		$   27,051
Power Integrations, Inc.		1,436		104,900
Rambus, Inc. (A)		5,217		65,421
Rudolph Technologies, Inc. (A)		1,544		45,702
Semtech Corp. (A)		3,212		151,125
SolarEdge Technologies, Inc. (A)		1,835		87,805
Ultra Clean Holdings, Inc. (A)		1,880		31,208
Veeco Instruments, Inc. (A)		2,363		33,673
Xperi Corp.		2,380		38,318
				1,357,687
Software - 1.8%
8x8, Inc. (A)		4,514		90,506
Agilysys, Inc. (A)		744		11,532
Bottomline Technologies de, Inc. (A)		1,700		84,711
Ebix, Inc.		1,069		81,511
MicroStrategy, Inc., Class A (A)		457		58,382
Monotype Imaging Holdings, Inc.		2,047		41,554
Onespan, Inc. (A)		1,467		28,826
Progress Software Corp.		2,207		85,676
Qualys, Inc. (A)		1,589		133,953
TiVo Corp.		5,968		80,269
				696,920
Specialty Retail - 4.0%
Abercrombie & Fitch Co., Class A		3,294		80,637
Asbury Automotive Group, Inc. (A)		891		61,078
Ascena Retail Group, Inc. (A)		8,285		33,016
Barnes & Noble Education, Inc. (A)		1,822		10,276
Barnes & Noble, Inc.		2,756		17,501
Big 5 Sporting Goods Corp. (B)		977		7,425
Buckle, Inc. (B)		1,381		37,149
Caleres, Inc.		2,096		72,081
Cato Corp., Class A		1,119		27,550
Chico’s FAS, Inc.		6,269		51,030
Children’s Place, Inc.		808		97,606
DSW, Inc., Class A		3,518		90,835
Express, Inc. (A)		3,657		33,462
Francesca’s Holdings Corp. (A)		1,684		12,714
GameStop Corp., Class A (B)		4,945		72,049
Genesco, Inc. (A)		967		38,390
Group 1 Automotive, Inc.		955		60,165
Guess?, Inc.		2,829		60,541
Haverty Furniture Cos., Inc.		937		20,239
Hibbett Sports, Inc. (A) (B)		922		21,114
Kirkland’s, Inc. (A)		765		8,905
Lithia Motors, Inc., Class A		1,162		109,890
Lumber Liquidators Holdings, Inc. (A) (B)		1,385		33,725
MarineMax, Inc. (A)		1,079		20,447
Monro, Inc.		1,595		92,669
Office Depot, Inc.		24,911		63,523
Rent-A-Center, Inc.		2,593		38,169
RH (A) (B)		930		129,921
Shoe Carnival, Inc.		523		16,971
Sleep Number Corp. (A)		1,793		52,033
Sonic Automotive, Inc., Class A		1,175		24,205
Tailored Brands, Inc.		2,414		61,605
Tile Shop Holdings, Inc.		1,681		12,944

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    22

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Specialty Retail (continued)
Vitamin Shoppe, Inc. (A)		1,176		$   8,173
Zumiez, Inc. (A)		889		22,269
				1,600,307
Technology Hardware, Storage & Peripherals - 0.7%
3D Systems Corp. (A) (B)		5,524		76,286
Cray, Inc. (A)		1,973		48,536
Diebold Nixdorf, Inc. (B)		3,687		44,060
Electronics For Imaging, Inc. (A)		2,171		70,688
Super Micro Computer, Inc. (A)		1,843		43,587
				283,157
Textiles, Apparel & Luxury Goods - 1.7%
Crocs, Inc. (A)		3,314		58,359
Fossil Group, Inc. (A) (B)		2,127		57,152
G-III Apparel Group, Ltd. (A)		2,028		90,043
Movado Group, Inc.		759		36,660
Oxford Industries, Inc.		822		68,210
Perry Ellis International, Inc. (A)		616		16,737
Steven Madden, Ltd.		2,554		135,617
Unifi, Inc. (A)		828		26,248
Vera Bradley, Inc. (A)		917		12,875
Wolverine World Wide, Inc.		4,599		159,907
				661,808
Thrifts & Mortgage Finance - 1.6%
BofI Holding, Inc. (A)		2,672		109,311
Dime Community Bancshares, Inc.		1,495		29,152
HomeStreet, Inc. (A)		1,309		35,278
Meta Financial Group, Inc.		443		43,148
NMI Holdings, Inc., Class A (A)		2,833		46,178
Northfield Bancorp, Inc.		2,266		37,661
Northwest Bancshares, Inc.		4,980		86,602
Oritani Financial Corp.		1,923		31,153
Provident Financial Services, Inc.		2,960		81,489

	Shares		Value
COMMON STOCKS (continued)
Thrifts & Mortgage Finance (continued)
TrustCo Bank Corp.		4,680		$   41,652
Walker & Dunlop, Inc.		1,371		76,296
				617,920
Tobacco - 0.2%
Universal Corp.		1,209		79,854
Trading Companies & Distributors - 0.7%
Applied Industrial Technologies, Inc.		1,878		131,742
DXP Enterprises, Inc. (A)		767		29,299
Kaman Corp.		1,355		94,430
Veritiv Corp. (A)		546		21,758
				277,229
Water Utilities - 0.5%
American States Water Co.		1,783		101,916
California Water Service Group		2,333		90,871
				192,787
Wireless Telecommunication Services - 0.0% (C)
Spok Holdings, Inc.		965		14,523
Total Common Stocks (Cost $38,014,044)			39,289,233
SECURITIES LENDING COLLATERAL - 6.4%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 1.93% (D)		2,557,799		2,557,799
Total Securities Lending Collateral (Cost $2,557,799)				2,557,799
Total Investments (Cost $40,571,843)				41,847,032
Net Other Assets (Liabilities) - (5.2)%				(2,080,561	)
Net Assets - 100.0%				$  39,766,471

FUTURES CONTRACTS:

Description	Long/Short		Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
Russell 2000® Mini Index		Long		6		09/21/2018	$	504,927	$	494,250	$	—	$	(10,677)

SECURITY VALUATION:

Valuation Inputs ^(E)

	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	39,289,233		$	—	$	—	$	39,289,233
Securities Lending Collateral		2,557,799			—		—		2,557,799
Total Investments	$	41,847,032		$	—	$	—	$	41,847,032
LIABILITIES
Other Financial Instruments
Futures Contracts (F)	$	(10,677	)	$	—	$	—	$	(10,677	)
Total Other Financial Instruments	$	(10,677	)	$	—	$	—	$	(10,677	)

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    23

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $2,491,760. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(C)	Percentage rounds to less than 0.1% or (0.1)%.
(D)	Rate disclosed reflects the yield at June 30, 2018.
(E)	The Fund recognizes transfers between Levels at the end of the reporting period. There were no transfers between Levels 1, 2 and 3 during the period ended June 30, 2018. Please reference the Security Valuation section of the Notes to Financial Statements for more information regarding security valuation and pricing inputs.
(F)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    24

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS - 98.9%
Australia - 6.7%
AGL Energy, Ltd.		9,635		$  160,031
Amcor, Ltd.		17,165		182,753
AMP, Ltd.		43,357		114,042
APA Group		17,324		126,078
Aristocrat Leisure, Ltd.		9,461		215,999
Atlassian Corp. PLC, Class A (A)		2,509		156,863
AusNet Services (B)		27,451		32,553
Australia & New Zealand Banking Group, Ltd. (B)		42,420		885,098
Bendigo & Adelaide Bank, Ltd.		7,173		57,449
BHP Billiton PLC		30,901		695,998
BHP Billiton, Ltd.		47,024		1,178,158
BlueScope Steel, Ltd.		8,128		103,653
Boral, Ltd.		17,490		84,384
Brambles, Ltd.		23,501		154,190
Caltex Australia, Ltd.		3,863		92,875
Challenger, Ltd.		8,550		74,732
CIMIC Group, Ltd.		1,454		45,442
Coca-Cola Amatil, Ltd.		7,675		52,170
Cochlear, Ltd.		846		125,120
Commonwealth Bank of Australia (B)		25,798		1,388,964
Computershare, Ltd.		7,595		103,421
Crown Resorts, Ltd.		5,599		55,847
CSL, Ltd.		6,640		944,987
Dexus, REIT		15,451		110,849
Domino’s Pizza Enterprises, Ltd.		938		36,191
Flight Centre Travel Group, Ltd. (B)		868		40,820
Fortescue Metals Group, Ltd. (B)		24,955		80,943
Goodman Group, REIT		24,135		171,545
GPT Group, REIT		27,581		103,114
Harvey Norman Holdings, Ltd. (B)		9,201		22,570
Iluka Resources, Ltd.		6,206		51,264
Incitec Pivot, Ltd.		24,825		66,581
Insurance Australia Group, Ltd.		34,850		219,638
LendLease Group		8,615		126,094
Macquarie Group, Ltd.		4,666		426,280
Medibank Pvt, Ltd.		40,688		87,782
Mirvac Group, REIT		56,399		90,425
National Australia Bank, Ltd. (B)		39,851		807,057
Newcrest Mining, Ltd.		11,219		180,704
Oil Search, Ltd.		19,541		128,497
Orica, Ltd.		5,555		72,852
Origin Energy, Ltd. (A)		25,792		191,136
Qantas Airways, Ltd.		14,068		64,028
QBE Insurance Group, Ltd.		20,116		144,763
Ramsay Health Care, Ltd.		1,953		77,892
REA Group, Ltd.		781		52,436
Santos, Ltd. (A)		25,910		120,030
Scentre Group, REIT		78,924		255,994
SEEK, Ltd.		5,308		85,535
Sonic Healthcare, Ltd.		6,594		119,510
South32, Ltd.		75,523		201,439
Stockland, REIT		36,990		108,500
Suncorp Group, Ltd.		19,127		206,186
Sydney Airport (B)		16,319		86,330
Telstra Corp., Ltd. (B)		61,151		118,375
Transurban Group		32,703		289,226
Treasury Wine Estates, Ltd.		10,627		136,542
Vicinity Centres, REIT		49,047		93,857

		Shares		Value
COMMON STOCKS (continued)
Australia (continued)
Washington H Soul Pattinson & Co., Ltd. (B)			1,823		$   27,868
Wesfarmers, Ltd.			16,644		607,000
Westpac Banking Corp.			50,192		1,086,571
Woodside Petroleum, Ltd. (B)	��		13,738		359,930
Woolworths Group, Ltd.			19,309		435,412
					14,722,573
Austria - 0.4%
ams AG (A) (B)			933		69,326
Andritz AG			1,107		58,756
BUWOG AG (A)			1,931		64,931
CA Immobilien Anlagen AG			1,345		44,818
Erste Group Bank AG (A)			5,100		212,874
Immofinanz AG (A)			1,643		39,133
Lenzing AG			195		23,541
OMV AG			2,170		123,056
Raiffeisen Bank International AG			2,018		61,942
Verbund AG			1,975		63,874
voestalpine AG			1,758		80,973
Wienerberger AG			1,845		46,055
					889,279
Belgium - 1.3%
Ackermans & van Haaren NV			369		63,547
Ageas			2,861		144,337
Anheuser-Busch InBev SA			14,648		1,479,347
bpost SA			1,584		25,022
Colruyt SA			890		50,782
Groupe Bruxelles Lambert SA			1,215		128,126
KBC Group NV			5,013		386,996
Proximus SADP			2,322		52,350
Sofina SA			304		52,530
Solvay SA			1,063		134,226
Telenet Group Holding NV (A)			846		39,510
UCB SA			1,888		148,440
Umicore SA			3,055		175,311
					2,880,524
Bermuda - 0.0% (C)
Golar LNG, Ltd. (B)			2,173		64,017
Chile - 0.0% (C)
Antofagasta PLC			5,013		65,522
China - 0.1%
ENN Energy Holdings, Ltd.			21,000		206,508
Fosun International, Ltd.			32,000		60,203
					266,711
Denmark - 1.6%
AP Moller - Maersk A/S, Class A			43		51,042
AP Moller - Maersk A/S, Class B			87		108,356
Carlsberg A/S, Class B			1,584		186,560
Chr Hansen Holding A/S			1,432		132,261
Coloplast A/S, Class B			1,736		173,505
Danske Bank A/S			10,273		321,559
DSV A/S			2,791		225,502
Genmab A/S (A)			890		137,346
H. Lundbeck A/S			868		60,991
ISS A/S			2,778		95,466
Novo Nordisk A/S, Class B			25,821		1,197,683
Novozymes A/S, Class B			3,214		163,029

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    25

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Denmark (continued)
Orsted A/S (D)		3,081		$   186,361
Pandora A/S		1,613		112,681
Tryg A/S		1,926		45,211
Vestas Wind Systems A/S		3,024		187,179
William Demant Holding A/S (A)		1,586		63,823
				3,448,555
Finland - 1.1%
Amer Sports OYJ (A) (B)		1,837		57,952
Cargotec OYJ, B Shares		608		30,766
Elisa OYJ		2,319		107,408
Fortum OYJ		6,398		152,687
Huhtamaki OYJ (B)		1,454		53,798
Kesko OYJ, Class B		1,071		65,523
Kone OYJ, Class B		5,920		301,774
Metso OYJ		1,891		63,365
Neste OYJ		1,888		148,131
Nokia OYJ		83,084		478,234
Nokian Renkaat OYJ		1,736		68,589
Orion OYJ, Class B (B)		1,544		41,624
Outokumpu OYJ		4,678		29,100
Sampo OYJ, Class A		6,998		341,528
Stora Enso OYJ, Class R		8,553		167,366
UPM-Kymmene OYJ		7,877		281,606
Wartsila OYJ Abp		6,701		131,674
				2,521,125
France - 9.2%
Accor SA		2,734		134,131
Aeroports de Paris		477		107,876
Air Liquide SA		6,261		787,291
Airbus SE		8,832		1,033,862
Amundi SA (D)		760		52,655
Atos SE		1,367		186,657
AXA SA		28,384		696,432
BNP Paribas SA		16,774		1,041,699
Bollore SA		13,888		64,600
Bouygues SA		3,258		140,401
Bureau Veritas SA		3,993		106,574
Capgemini SE		2,365		318,097
Carrefour SA		8,658		140,207
Christian Dior SE		174		72,770
Cie de Saint-Gobain		8,138		363,623
Cie Generale des Etablissements Michelin SCA		2,647		322,340
CNP Assurances		2,365		53,817
Credit Agricole SA		17,881		238,728
Danone SA		9,223		677,004
Dassault Aviation SA		43		81,934
Dassault Systemes SE		2,040		285,816
Electricite de France SA		5,126		70,502
Engie SA		23,610		361,940
Essilor International Cie Generale d’Optique SA		2,951		416,554
Hermes International		434		265,418
Iliad SA		412		65,108
Kering SA		1,107		625,043
Klepierre SA, REIT		3,190		120,115
L’Oreal SA		3,581		884,281
Legrand SA		3,906		286,852
LVMH Moet Hennessy Louis Vuitton SE		3,949		1,314,959

	Shares		Value
COMMON STOCKS (continued)
France (continued)
Natixis SA		13,367		$   94,857
Orange SA		31,487		527,360
Pernod Ricard SA		3,081		503,251
Peugeot SA		8,138		185,850
Publicis Groupe SA		3,212		221,035
Renault SA		2,821		239,877
Safran SA		4,774		579,963
Sanofi		16,796		1,346,239
Schneider Electric SE		7,906		659,253
Societe Generale SA		11,089		467,580
Sodexo SA		1,345		134,454
Suez		6,241		80,919
Thales SA		1,562		201,247
TOTAL SA		38,895		2,370,954
Valeo SA		3,494		190,999
Veolia Environnement SA		8,268		176,945
Vinci SA		7,595		730,331
Vivendi SA		11,322		277,599
				20,305,999
Germany - 7.9%
adidas AG		2,669		582,572
Allianz SE		6,439		1,330,811
BASF SE		13,432		1,284,557
Bayer AG		13,185		1,452,438
Bayerische Motoren Werke AG		5,034		456,266
Beiersdorf AG		1,454		165,076
Commerzbank AG (A)		15,429		147,914
Continental AG		1,584		361,650
Covestro AG (D)		1,389		123,933
Daimler AG		14,583		938,665
Deutsche Bank AG		30,359		326,880
Deutsche Boerse AG		2,843		378,903
Deutsche Lufthansa AG		3,732		89,760
Deutsche Post AG		14,286		466,529
Deutsche Telekom AG (A)		47,458		735,286
Deutsche Wohnen SE		5,230		252,800
E.ON SE		32,268		344,873
Evonik Industries AG		2,192		75,063
Fresenius Medical Care AG & Co. KGaA		3,168		319,502
Fresenius SE & Co. KGaA		6,054		486,303
GEA Group AG		2,582		87,092
Hannover Rueck SE		890		110,978
HeidelbergCement AG		1,996		167,978
Henkel AG & Co. KGaA		1,497		166,480
HOCHTIEF AG		282		50,968
Infineon Technologies AG		16,579		422,559
Innogy SE (D)		1,845		79,035
Linde AG		2,713		647,450
MAN SE		521		58,974
Merck KGaA		1,888		184,327
METRO AG		2,517		31,106
Muenchener Rueckversicherungs-Gesellschaft AG		2,198		464,624
ProSiebenSat.1 Media SE		3,472		88,088
RWE AG		7,660		174,621
SAP SE		14,626		1,689,729
Siemens AG		12,456		1,646,560

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    26

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Germany (continued)
Telefonica Deutschland Holding AG		11,870		$   46,787
thyssenkrupp AG		5,681		138,096
TUI AG		6,662		146,225
United Internet AG		1,866		106,885
Volkswagen AG		456		75,335
Vonovia SE		7,545		359,062
Zalando SE (A) (D)		1,779		99,430
				17,362,170
Hong Kong - 3.4%
AIA Group, Ltd.		174,400		1,524,940
ASM Pacific Technology, Ltd.		4,200		53,106
Bank of East Asia, Ltd.		22,000		87,911
BOC Hong Kong Holdings, Ltd.		53,000		249,616
Cathay Pacific Airways, Ltd.		21,000		33,031
CK Asset Holdings, Ltd.		42,500		337,489
CK Hutchison Holdings, Ltd.		42,500		450,707
CK Infrastructure Holdings, Ltd.		10,500		77,825
CLP Holdings, Ltd.		32,000		344,658
Dairy Farm International Holdings, Ltd.		4,300		37,797
Galaxy Entertainment Group, Ltd.		43,000		332,964
Hang Lung Group, Ltd.		21,000		58,888
Hang Lung Properties, Ltd.		21,000		43,309
Hang Seng Bank, Ltd.		10,600		265,086
Henderson Land Development Co., Ltd.		23,000		121,663
HK Electric Investments & HK Electric Investments, Ltd. (D)		42,500		40,629
HKT Trust & HKT, Ltd.		43,000		55,138
Hong Kong & China Gas Co., Ltd.		140,000		268,028
Hong Kong Exchanges & Clearing, Ltd.		17,100		514,387
Hongkong Land Holdings, Ltd.		17,000		121,550
Jardine Matheson Holdings, Ltd.		4,300		271,330
Jardine Strategic Holdings, Ltd.		2,100		76,608
Kerry Properties, Ltd.		10,500		50,255
Li & Fung, Ltd.		86,000		31,570
Link REIT		31,000		283,113
Melco Resorts & Entertainment, Ltd., ADR		1,929		54,012
MTR Corp., Ltd.		21,500		118,935
New World Development Co., Ltd.		88,000		123,832
NWS Holdings, Ltd.		21,000		36,350
PCCW, Ltd.		64,000		36,057
Power Assets Holdings, Ltd.		21,500		150,313
Shangri-La Asia, Ltd.		42,000		79,016
Sino Land Co., Ltd.		44,000		71,563
SJM Holdings, Ltd.		43,000		53,493
Sun Hung Kai Properties, Ltd.		21,000		316,923
Swire Pacific, Ltd., Class B		52,500		93,417
Swire Properties, Ltd.		17,000		62,839
Techtronic Industries Co., Ltd.		21,500		119,894
VTech Holdings, Ltd.		2,100		24,238
Wharf Holdings, Ltd.		21,000		67,453
Wharf Real Estate Investment Co., Ltd.		21,000		149,494
Wheelock & Co., Ltd.		21,000		146,282
Yue Yuen Industrial Holdings, Ltd.		10,500		29,645
				7,465,354
Ireland - 0.8%
AerCap Holdings NV (A)		1,876		101,585
Bank of Ireland Group PLC		14,669		114,493

	Shares		Value
COMMON STOCKS (continued)
Ireland (continued)
CRH PLC		13,010		$   461,011
DCC PLC		1,367		124,440
Glanbia PLC (B)		3,646		67,685
James Hardie Industries PLC, CDI		6,575		110,178
Kerry Group PLC, Class A		2,474		258,378
Kingspan Group PLC		2,394		119,743
Paddy Power Betfair PLC		1,338		148,407
Smurfit Kappa Group PLC		4,015		162,664
				1,668,584
Israel - 0.6%
Azrieli Group, Ltd.		700		34,689
Bank Hapoalim BM		17,870		120,824
Bank Leumi Le-Israel BM		23,595		139,228
Bezeq Israeli Telecommunication Corp., Ltd.		36,438		40,972
Check Point Software Technologies, Ltd. (A)		2,111		206,203
Elbit Systems, Ltd.		434		50,898
Frutarom Industries, Ltd.		638		62,483
Israel Chemicals, Ltd.		9,875		45,051
Israel Discount Bank, Ltd., A Shares		22,906		66,768
Mizrahi Tefahot Bank, Ltd.		3,339		61,270
Nice, Ltd. (A)		1,080		111,406
Teva Pharmaceutical Industries, Ltd., ADR		13,508		328,515
Tower Semiconductor, Ltd. (A)		1,619		35,851
				1,304,158
Italy - 2.2%
A2A SpA		24,890		43,155
Assicurazioni Generali SpA		20,029		336,041
Atlantia SpA		6,966		205,931
Banca Mediolanum SpA		4,297		29,123
Banco BPM SpA (A) (B)		22,438		65,808
Brembo SpA		2,409		32,598
Davide Campari-Milano SpA		8,919		73,362
Enel SpA		113,405		629,856
Eni SpA		37,498		696,377
Ferrari NV (B)		1,866		253,813
FinecoBank Banca Fineco SpA		6,054		68,365
Intesa Sanpaolo SpA		225,508		656,698
Leonardo SpA		5,881		58,131
Luxottica Group SpA		2,127		137,232
Mediobanca Banca di Credito Finanziario SpA		9,266		86,137
Moncler SpA		2,517		114,610
Poste Italiane SpA (D)		7,356		61,580
Prysmian SpA		3,561		88,683
Recordati SpA		1,628		64,740
Snam SpA		33,462		139,709
Telecom Italia SpA (A)		146,954		109,363
Telecom Italia SpA		106,027		69,274
Terna Rete Elettrica Nazionale SpA		21,722		117,475
UniCredit SpA		31,010		517,597
Unione di Banche Italiane SpA (B)		15,168		58,299
UnipolSai Assicurazioni SpA (B)		16,275		35,961
				4,749,918
Japan - 26.8%
Acom Co., Ltd.		6,500		24,999
Activia Properties, Inc., REIT		23		105,485
Advance Residence Investment Corp., REIT		22		56,368
Advantest Corp.		2,200		45,841

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    27

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Aeon Co., Ltd.		13,000		$   278,156
AEON Financial Service Co., Ltd.		2,200		46,953
Aeon Mall Co., Ltd.		2,200		39,525
Air Water, Inc.		2,200		40,399
Aisin Seiki Co., Ltd.		2,200		100,302
Ajinomoto Co., Inc.		8,700		164,630
Alfresa Holdings Corp.		4,300		101,129
Alps Electric Co., Ltd.		2,200		56,527
Amada Holdings Co., Ltd.		6,500		62,497
ANA Holdings, Inc.		2,200		80,818
Aozora Bank, Ltd. (B)		2,200		83,718
Asahi Glass Co., Ltd. (B)		4,300		167,512
Asahi Group Holdings, Ltd.		6,500		332,849
Asahi Kasei Corp.		21,700		275,842
Asics Corp. (B)		2,200		37,201
Astellas Pharma, Inc.		30,400		463,554
Azbil Corp.		2,200		95,933
Bandai Namco Holdings, Inc.		4,300		177,412
Benesse Holdings, Inc.		2,200		78,057
Bridgestone Corp.		10,900		426,396
Brother Industries, Ltd.		4,300		84,940
Calbee, Inc.		2,200		82,725
Canon, Inc. (B)		15,200		498,273
Casio Computer Co., Ltd.		4,300		69,955
Central Japan Railway Co.		2,200		456,029
Chiba Bank, Ltd.		21,500		151,984
Chubu Electric Power Co., Inc.		10,900		163,453
Chugai Pharmaceutical Co., Ltd.		2,200		115,397
Chugoku Bank, Ltd.		2,200		22,265
Chugoku Electric Power Co., Inc.		4,300		55,592
Citizen Watch Co., Ltd.		4,300		28,262
Coca-Cola Bottlers Japan Holdings, Inc. (B)		2,200		87,889
COMSYS Holdings Corp.		2,200		58,374
Concordia Financial Group, Ltd.		19,200		97,764
Credit Saison Co., Ltd.		2,200		34,639
CyberAgent, Inc.		2,200		132,280
Dai-ichi Life Holdings, Inc.		17,400		310,409
Daicel Corp.		4,300		47,594
Daifuku Co., Ltd.		2,200		96,429
Daiichi Sankyo Co., Ltd.		8,700		332,794
Daikin Industries, Ltd.		4,300		515,154
Daito Trust Construction Co., Ltd.		2,100		341,453
Daiwa House Industry Co., Ltd.		10,900		371,583
Daiwa House REIT Investment Corp.		25		59,337
Daiwa Securities Group, Inc.		21,700		126,029
DeNA Co., Ltd.		2,200		41,253
Denso Corp.		8,700		425,084
Dentsu, Inc.		4,300		203,810
DIC Corp.		2,200		68,722
Don Quijote Holdings Co., Ltd.		2,200		105,665
East Japan Railway Co.		6,500		622,918
Ebara Corp.		2,200		68,424
Eisai Co., Ltd.		4,300		302,959
Electric Power Development Co., Ltd.		2,200		56,805
FamilyMart UNY Holdings Co., Ltd.		2,200		231,589
FANUC Corp.		2,200		437,060
FUJIFILM Holdings Corp.		6,500		253,862
Fujitsu, Ltd.		22,000		133,432

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Fukuoka Financial Group, Inc.		22,000		$   110,631
Furukawa Electric Co., Ltd.		2,200		76,965
GLP J-REIT		52		55,209
Gunma Bank, Ltd.		6,500		34,153
H2O Retailing Corp.		2,200		35,136
Hachijuni Bank, Ltd.		8,700		37,230
Hakuhodo DY Holdings, Inc.		4,300		69,024
Hamamatsu Photonics KK		2,100		90,245
Hankyu Hanshin Holdings, Inc.		4,300		172,947
Haseko Corp.		4,300		59,435
Hino Motors, Ltd.		4,300		45,925
Hisamitsu Pharmaceutical Co., Inc.		2,200		185,708
Hitachi Chemical Co., Ltd.		2,200		44,391
Hitachi Construction Machinery Co., Ltd.		2,200		71,503
Hitachi High-Technologies Corp.		2,200		89,776
Hitachi Metals, Ltd.		2,200		22,841
Hitachi, Ltd.		65,000		458,665
Hokuhoku Financial Group, Inc.		2,200		29,296
Hokuriku Electric Power Co. (A)		4,300		43,208
Honda Motor Co., Ltd.		26,000		763,581
House Foods Group, Inc.		2,200		77,859
Hoya Corp.		6,400		363,956
Hulic Co., Ltd. (B)		6,500		69,422
Ibiden Co., Ltd.		2,200		35,255
Idemitsu Kosan Co., Ltd.		2,200		78,454
IHI Corp.		2,200		76,667
Iida Group Holdings Co., Ltd.		2,200		42,445
Inpex Corp.		15,200		157,743
Isetan Mitsukoshi Holdings, Ltd.		6,500		81,217
Isuzu Motors, Ltd.		8,700		115,578
Ito En, Ltd.		2,200		101,891
ITOCHU Corp.		23,900		433,163
Itoham Yonekyu Holdings, Inc.		2,200		18,928
Iyo Bank, Ltd.		4,300		28,417
J. Front Retailing Co., Ltd.		4,300		65,491
Japan Airlines Co., Ltd.		2,100		74,471
Japan Airport Terminal Co., Ltd.		2,200		103,083
Japan Exchange Group, Inc.		8,500		158,006
Japan Hotel REIT Investment Corp.		65		48,707
Japan Post Bank Co., Ltd.		6,500		75,701
Japan Post Holdings Co., Ltd.		6,500		71,182
Japan Prime Realty Investment Corp., REIT		22		79,944
Japan Real Estate Investment Corp., REIT		23		121,681
Japan Retail Fund Investment Corp., REIT		43		77,487
Japan Tobacco, Inc.		17,400		486,191
JFE Holdings, Inc.		8,700		164,630
JGC Corp.		4,300		86,687
JSR Corp.		2,200		37,459
JTEKT Corp.		4,300		58,542
JXTG Holdings, Inc.		47,700		331,680
K’s Holdings Corp.		4,500		46,761
Kagome Co., Ltd.		2,200		73,092
Kajima Corp.		22,000		170,415
Kansai Electric Power Co., Inc.		13,000		189,663
Kansai Paint Co., Ltd.		4,300		89,366
Kao Corp.		6,500		495,870
Kawasaki Heavy Industries, Ltd.		2,200		64,849
KDDI Corp.		25,500		697,788

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    28

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Keisei Electric Railway Co., Ltd.		2,200		$   75,574
Kewpie Corp.		2,100		52,953
Keyence Corp.		2,200		1,242,559
Kikkoman Corp.		2,000		100,934
Kinden Corp.		2,200		35,950
Kintetsu Group Holdings Co., Ltd.		2,200		89,776
Kirin Holdings Co., Ltd.		13,000		347,754
Kobe Steel, Ltd.		6,500		59,504
Koito Manufacturing Co., Ltd.		2,200		145,389
Komatsu, Ltd.		15,200		434,737
Konami Holdings Corp.		2,200		112,021
Konica Minolta, Inc.		8,700		80,822
Kubota Corp.		17,300		272,233
Kuraray Co., Ltd.		4,300		59,241
Kurita Water Industries, Ltd.		2,200		62,763
Kyocera Corp.		4,300		242,514
Kyowa Hakko Kirin Co., Ltd.		4,300		86,687
Kyushu Electric Power Co., Inc.		6,500		72,532
Kyushu Financial Group, Inc.		6,500		31,395
Kyushu Railway Co.		2,200		67,332
Lion Corp.		4,300		78,806
LIXIL Group Corp.		4,300		86,027
M3, Inc.		2,200		87,690
Makita Corp.		4,300		192,746
Marubeni Corp.		26,000		198,371
Marui Group Co., Ltd.		4,300		90,608
Maruichi Steel Tube, Ltd.		2,200		74,581
Mazda Motor Corp.		8,700		106,821
McDonald’s Holdings Co. Japan, Ltd. (B)		2,200		112,220
Mebuki Financial Group, Inc.		15,200		51,049
Medipal Holdings Corp.		2,200		44,252
MEIJI Holdings Co., Ltd.		2,200		185,510
Minebea Mitsumi, Inc.		6,500		109,972
MISUMI Group, Inc.		4,400		128,308
Mitsubishi Chemical Holdings Corp.		21,700		181,687
Mitsubishi Corp.		23,900		664,147
Mitsubishi Electric Corp.		32,600		433,970
Mitsubishi Estate Co., Ltd.		19,500		341,006
Mitsubishi Gas Chemical Co., Inc.		4,200		95,174
Mitsubishi Heavy Industries, Ltd.		4,300		156,487
Mitsubishi Materials Corp.		2,200		60,479
Mitsubishi Motors Corp.		10,900		86,893
Mitsubishi Tanabe Pharma Corp.		4,300		74,303
Mitsubishi UFJ Financial Group, Inc.		204,300		1,164,029
Mitsubishi UFJ Lease & Finance Co., Ltd.		8,700		53,489
Mitsui & Co., Ltd.		25,300		421,990
Mitsui Chemicals, Inc.		4,300		114,522
Mitsui Fudosan Co., Ltd.		15,200		366,946
Mitsui O.S.K. Lines, Ltd.		2,200		52,991
Mizuho Financial Group, Inc.		371,100		624,838
MonotaRO Co., Ltd. (B)		2,200		97,323
MS&AD Insurance Group Holdings, Inc.		8,700		270,508
Murata Manufacturing Co., Ltd.		2,200		369,828
Nabtesco Corp.		2,200		67,729
Nagoya Railroad Co., Ltd.		4,500		116,192
NEC Corp.		4,200		115,271
Nexon Co., Ltd. (A)		4,400		63,915
NGK Insulators, Ltd.		4,300		76,594

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
NGK Spark Plug Co., Ltd.		2,200		$   62,763
NHK Spring Co., Ltd.		4,300		40,529
Nichirei Corp.		2,200		55,971
Nidec Corp.		4,300		645,398
Nihon M&A Center, Inc.		4,300		124,809
Nikon Corp.		6,500		103,458
Nintendo Co., Ltd.		2,200		719,000
Nippon Building Fund, Inc., REIT (B)		22		126,917
Nippon Electric Glass Co., Ltd. (B)		2,200		61,175
Nippon Express Co., Ltd.		2,200		159,689
Nippon Paint Holdings Co., Ltd. (B)		2,200		94,741
Nippon Paper Industries Co., Ltd.		2,200		35,116
Nippon Prologis REIT, Inc. (B)		46		95,434
Nippon Steel & Sumitomo Metal Corp.		13,000		255,329
Nippon Telegraph & Telephone Corp.		10,900		495,575
Nippon Yusen KK		2,200		43,676
Nissan Chemical Industries, Ltd.		2,100		98,018
Nissan Motor Co., Ltd.		34,700		337,711
Nisshin Seifun Group, Inc.		4,300		91,035
Nissin Foods Holdings Co., Ltd.		2,000		144,631
Nitori Holdings Co., Ltd.		2,200		343,213
Nitto Denko Corp.		2,200		166,502
NOK Corp.		2,200		42,584
Nomura Holdings, Inc.		49,600		241,003
Nomura Real Estate Holdings, Inc.		2,200		48,820
Nomura Real Estate Master Fund, Inc., REIT		67		94,543
Nomura Research Institute, Ltd.		2,100		101,810
NSK, Ltd.		6,500		67,074
NTT Data Corp.		8,700		100,223
NTT DOCOMO, Inc.		16,800		428,095
Obayashi Corp.		10,900		113,463
OBIC Co., Ltd.		2,200		182,133
Odakyu Electric Railway Co., Ltd.		4,300		92,316
OJI Holdings Corp.		22,000		136,451
Olympus Corp.		4,300		161,107
Omron Corp.		4,300		200,704
Ono Pharmaceutical Co., Ltd.		8,900		208,670
Oriental Land Co., Ltd.		4,300		451,293
ORIX Corp.		19,500		308,437
Orix JREIT, Inc.		45		71,868
Osaka Gas Co., Ltd.		4,300		88,997
Otsuka Holdings Co., Ltd. (B)		8,700		421,314
Panasonic Corp.		36,900		497,541
Park24 Co., Ltd.		2,300		62,606
PeptiDream, Inc. (A)		2,300		95,725
Persol Holdings Co., Ltd.		2,200		49,079
Pigeon Corp.		2,200		107,055
Pola Orbis Holdings, Inc.		2,200		96,827
Rakuten, Inc.		13,000		87,954
Recruit Holdings Co., Ltd.		23,900		661,557
Relo Group, Inc.		2,200		58,076
Resona Holdings, Inc.		32,600		174,412
Resorttrust, Inc.		2,200		38,929
Ricoh Co., Ltd.		10,900		99,981
Rohm Co., Ltd.		2,200		184,715
Santen Pharmaceutical Co., Ltd.		6,500		113,316
SBI Holdings, Inc.		4,300		110,795
Secom Co., Ltd.		4,300		330,250

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    29

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Sega Sammy Holdings, Inc.		2,200		$   37,698
Seibu Holdings, Inc.		4,300		72,517
Seiko Epson Corp.		4,300		74,769
Sekisui Chemical Co., Ltd.		6,400		109,089
Sekisui House, Ltd.		8,700		153,948
Seven & i Holdings Co., Ltd.		10,900		475,402
Seven Bank, Ltd.		10,900		33,360
Sharp Corp. (B)		2,200		53,627
Shikoku Electric Power Co., Inc.		2,200		29,435
Shimadzu Corp.		4,300		130,050
Shimano, Inc. (B)		2,200		322,954
Shimizu Corp.		10,900		113,069
Shin-Etsu Chemical Co., Ltd.		6,400		570,462
Shinsei Bank, Ltd.		2,000		30,804
Shionogi & Co., Ltd.		4,300		220,930
Shiseido Co., Ltd.		6,500		516,291
Showa Denko KK (B)		2,200		97,720
Showa Shell Sekiyu KK		2,200		32,832
Skylark Co., Ltd. (B)		2,200		32,554
SMC Corp.		2,200		806,988
SoftBank Group Corp.		13,000		935,756
Sohgo Security Services Co., Ltd.		2,200		103,679
Sojitz Corp.		17,400		63,150
Sompo Holdings, Inc.		6,500		262,899
Sony Corp.		19,600		1,002,252
Sony Financial Holdings, Inc.		2,200		42,028
Square Enix Holdings Co., Ltd.		2,200		108,049
Stanley Electric Co., Ltd.		2,200		75,078
Start Today Co., Ltd.		2,200		79,745
Subaru Corp.		8,700		253,307
Sumco Corp. (B)		2,200		44,431
Sumitomo Chemical Co., Ltd.		22,000		124,733
Sumitomo Corp.		19,500		320,408
Sumitomo Dainippon Pharma Co., Ltd.		2,200		46,576
Sumitomo Electric Industries, Ltd.		10,900		162,371
Sumitomo Mitsui Financial Group, Inc.		21,700		843,590
Sumitomo Mitsui Trust Holdings, Inc.		6,500		257,794
Sumitomo Rubber Industries, Ltd. (B)		2,300		36,546
Sundrug Co., Ltd.		2,200		89,180
Suntory Beverage & Food, Ltd.		2,200		93,947
Suruga Bank, Ltd.		4,300		38,472
Suzuken Co., Ltd.		2,200		93,152
Suzuki Motor Corp.		6,500		359,021
Sysmex Corp.		2,200		205,372
T&D Holdings, Inc.		8,700		130,738
Taiheiyo Cement Corp.		2,200		72,397
Taisei Corp.		4,200		231,680
Taiyo Nippon Sanso Corp.		4,300		61,648
Takeda Pharmaceutical Co., Ltd. (B)		10,900		460,346
TDK Corp.		2,200		224,836
Teijin, Ltd.		2,200		40,359
Terumo Corp.		4,300		246,513
THK Co., Ltd.		2,200		63,061
Tobu Railway Co., Ltd.		4,300		131,603
Toho Co., Ltd.		2,200		73,787
Tohoku Electric Power Co., Inc.		6,500		79,398
Tokio Marine Holdings, Inc.		10,800		506,337
Tokyo Electric Power Co. Holdings, Inc. (A)		13,000		60,561

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Tokyo Electron, Ltd.		2,200		$   377,773
Tokyo Gas Co., Ltd.		4,300		114,153
Tokyo Tatemono Co., Ltd.		4,300		59,047
Tokyu Corp.		8,700		149,863
Tokyu Fudosan Holdings Corp.		8,700		61,422
Toray Industries, Inc.		23,900		188,585
Toshiba Corp. (A)		100,000		300,636
TOTO, Ltd.		2,200		102,090
Toyo Seikan Group Holdings, Ltd.		2,200		38,651
Toyo Suisan Kaisha, Ltd.		2,200		78,355
Toyoda Gosei Co., Ltd.		2,200		55,792
Toyota Boshoku Corp.		2,200		40,498
Toyota Industries Corp.		2,200		123,342
Toyota Motor Corp.		41,200		2,666,944
Toyota Tsusho Corp.		4,300		144,026
Trend Micro, Inc.		2,200		125,527
Tsumura & Co.		2,100		67,873
Ube Industries, Ltd.		2,200		57,182
Unicharm Corp.		6,500		195,590
United Urban Investment Corp., REIT		43		66,733
USS Co., Ltd.		4,300		81,834
West Japan Railway Co.		2,200		162,152
Yahoo Japan Corp. (B)		23,900		79,404
Yakult Honsha Co., Ltd.		2,100		140,297
Yamada Denki Co., Ltd.		13,000		64,668
Yamaha Corp.		2,200		114,404
Yamaha Motor Co., Ltd. (B)		4,300		108,155
Yamato Holdings Co., Ltd.		6,500		191,541
Yamazaki Baking Co., Ltd.		2,200		57,599
Yaskawa Electric Corp.		4,300		151,984
Yokogawa Electric Corp.		4,300		76,555
Yokohama Rubber Co., Ltd. (B)		2,200		45,742
Zensho Holdings Co., Ltd.		2,200		55,871
				58,883,841
Jersey, Channel Islands - 0.2%
Ferguson PLC		3,556		288,731
Randgold Resources, Ltd.		1,389		106,729
				395,460
Luxembourg - 0.3%
ArcelorMittal		9,244		271,008
Millicom International Cellular SA, SDR		920		54,402
SES SA		5,837		106,927
Tenaris SA		6,879		126,217
				558,554
Macau - 0.1%
MGM China Holdings, Ltd. (B)		17,200		39,901
Sands China, Ltd.		34,000		181,799
Wynn Macau, Ltd.		25,600		82,392
				304,092
Mexico - 0.0% (C)
Fresnillo PLC		2,691		40,626
Netherlands - 4.6%
ABN AMRO Group NV, CVA (D)		6,090		157,993
Aegon NV		20,715		124,218
Akzo Nobel NV		3,711		317,679
Altice Europe NV, Class A (A)		8,242		33,584

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    30

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Netherlands (continued)
Altice Europe NV, Class B (A)		1,049		$   4,262
ASML Holding NV		6,336		1,255,373
EXOR NV (B)		1,454		97,953
Heineken Holding NV		1,758		168,515
Heineken NV		3,168		318,171
ING Groep NV		56,507		813,337
Koninklijke Ahold Delhaize NV		18,331		438,856
Koninklijke DSM NV		2,669		268,366
Koninklijke KPN NV		62,215		169,249
Koninklijke Philips NV		13,823		587,865
NN Group NV		4,484		182,398
NXP Semiconductors NV (A)		4,340		474,232
QIAGEN NV (A)		3,385		123,307
Randstad NV		1,866		109,847
Royal Dutch Shell PLC, Class A		69,838		2,424,034
Royal Dutch Shell PLC, Class B		52,363		1,875,904
Wolters Kluwer NV		4,135		232,991
				10,178,134
New Zealand - 0.3%
a2 Milk Co., Ltd. (A)		11,135		86,396
Air New Zealand, Ltd.		12,998		27,941
Auckland International Airport, Ltd.		16,774		76,999
Contact Energy, Ltd.		14,098		55,838
Fisher & Paykel Healthcare Corp., Ltd.		9,949		100,299
Fletcher Building, Ltd.		13,970		65,736
Meridian Energy, Ltd.		25,194		53,220
Ryman Healthcare, Ltd.		9,136		74,041
SKYCITY Entertainment Group, Ltd.		14,224		38,907
Spark New Zealand, Ltd.		31,552		79,681
Z Energy, Ltd.		8,745		44,820
				703,878
Norway - 0.9%
AKER BP ASA		1,944		71,746
DNB ASA		14,105		275,683
Entra ASA (D)		2,713		37,015
Equinor ASA		16,733		444,275
Gjensidige Forsikring ASA		3,450		56,552
Marine Harvest ASA		6,467		128,699
Norsk Hydro ASA		20,572		123,148
Norwegian Finans Holding ASA (A)		2,604		28,914
Orkla ASA		13,671		119,762
Schibsted ASA, B Shares		3,079		86,888
SpareBank 1 SR-Bank ASA		3,646		38,650
Storebrand ASA		8,123		65,519
Telenor ASA		10,525		215,849
TGS NOPEC Geophysical Co. ASA		1,671		61,506
Yara International ASA		2,669		110,684
				1,864,890
Portugal - 0.2%
Banco Comercial Portugues SA, R Shares (A)		163,684		49,191
EDP - Energias de Portugal SA		38,192		151,610
Galp Energia SGPS SA		7,508		143,192
Jeronimo Martins SGPS SA		4,297		62,060
				406,053
Republic of South Africa - 0.1%
Mondi PLC		5,468		148,064

	Shares		Value
COMMON STOCKS (continued)
Singapore - 1.4%
Ascendas Real Estate Investment Trust		41,300		$   79,965
CapitaLand Commercial Trust, REIT		47,400		57,707
CapitaLand Mall Trust, REIT		45,600		69,228
CapitaLand, Ltd.		38,600		89,458
City Developments, Ltd.		8,700		69,740
ComfortDelGro Corp., Ltd.		32,600		56,186
DBS Group Holdings, Ltd.		26,100		509,366
Genting Singapore, Ltd.		84,800		75,875
Golden Agri-Resources, Ltd.		104,200		23,308
Hutchison Port Holdings Trust (B)		80,300		22,484
Jardine Cycle & Carriage, Ltd.		2,200		51,342
Keppel Corp., Ltd.		23,900		125,328
Mapletree Commercial Trust, REIT		34,800		40,071
Oversea-Chinese Banking Corp., Ltd.		58,500		499,406
SATS, Ltd.		13,000		47,672
Sembcorp Industries, Ltd.		15,200		30,656
Singapore Airlines, Ltd.		10,900		85,457
Singapore Exchange, Ltd.		15,200		79,930
Singapore Press Holdings, Ltd.		26,100		49,769
Singapore Technologies Engineering, Ltd.		23,900		57,669
Singapore Telecommunications, Ltd.		117,100		264,516
Suntec Real Estate Investment Trust		41,500		52,655
United Overseas Bank, Ltd.		22,000		431,771
UOL Group, Ltd.		9,000		50,297
Venture Corp., Ltd.		4,400		57,570
Wilmar International, Ltd.		54,300		121,861
				3,099,287
Spain - 2.8%
ACS Actividades de Construccion y Servicios SA		4,058		164,406
Aena SME SA (D)		1,085		196,986
Amadeus IT Group SA		6,467		510,417
Banco Bilbao Vizcaya Argentaria SA		97,651		692,512
Banco de Sabadell SA		82,678		138,570
Banco Santander SA		235,035		1,260,115
Bankia SA		15,019		56,236
CaixaBank SA		52,493		227,134
Endesa SA (B)		4,644		102,451
Ferrovial SA		7,356		150,943
Gas Natural SDG SA (B)		5,056		133,883
Grifols SA		4,166		125,394
Grifols SA, ADR		4,340		93,310
Iberdrola SA		88,572		685,003
Industria de Diseno Textil SA		16,644		568,601
Mapfre SA		14,843		44,798
Red Electrica Corp. SA (B)		6,467		131,682
Repsol SA		18,686		365,759
Telefonica SA		67,005		569,449
				6,217,649
Supranational - 0.2%
Unibail-Rodamco-Westfield		2,004		441,164
Sweden - 2.9%
Ahlsell AB (D)		4,378		25,864
Alfa Laval AB		4,360		103,615
Arjo AB, B Shares		3,352		11,971
Assa Abloy AB, B Shares		14,482		309,034
Atlas Copco AB, A Shares		8,930		260,334
Atlas Copco AB, B Shares		6,249		163,909

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    31

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Sweden (continued)
Axfood AB		1,772		$   34,129
BillerudKorsnas AB		2,669		37,815
Boliden AB		4,031		130,942
Castellum AB		4,175		67,740
Electrolux AB, Series B		3,489		79,561
Elekta AB, B Shares		5,435		71,689
Epiroc AB (A)		15,150		150,812
Essity AB, Class B		8,867		219,247
Fastighets AB Balder, Class B (A)		1,502		39,254
Getinge AB, Class B		3,325		30,291
Hennes & Mauritz AB, B Shares (B)		13,380		199,668
Hexagon AB, B Shares		3,884		216,863
Hexpol AB		3,822		39,818
Hufvudstaden AB, A Shares		1,873		26,862
Husqvarna AB, Class B		6,332		60,177
ICA Gruppen AB (B)		1,179		36,203
Industrivarden AB, A Shares		2,281		46,227
Industrivarden AB, Class C		2,699		52,405
Intrum AB (B)		1,089		25,308
Investment AB Latour, B Shares		2,107		22,822
Investor AB, B Shares		6,602		269,290
Kinnevik AB, B Shares		3,489		119,693
L E Lundbergforetagen AB, B Shares		1,206		37,099
Lundin Petroleum AB		2,562		81,820
Nibe Industrier AB, B Shares		6,141		65,995
Nordea Bank AB		46,590		449,339
Saab AB, B Shares		1,003		41,708
Sandvik AB		16,080		285,795
Securitas AB, Class B		4,836		79,708
Skandinaviska Enskilda Banken AB, Class A		25,097		238,907
Skanska AB, Class B		5,914		107,623
SKF AB, Class B		5,525		102,953
SSAB AB, B Shares		11,869		44,817
Svenska Cellulosa AB SCA, Class B		9,182		99,887
Svenska Handelsbanken AB, A Shares		22,628		251,827
Swedbank AB, Class A		15,017		321,961
Swedish Match AB		2,665		132,178
Swedish Orphan Biovitrum AB (A)		2,433		53,156
Tele2 AB, Class B		5,309		62,490
Telefonaktiebolaget LM Ericsson, B Shares		44,776		346,656
Telia Co. AB		39,922		182,786
Trelleborg AB, B Shares		3,573		76,405
Volvo AB, A Shares		5,792		92,584
Volvo AB, Class B		20,689		331,172
				6,338,409
Switzerland - 7.5%
ABB, Ltd.		28,340		619,630
Chocoladefabriken Lindt & Spruengli AG		22		142,464
Cie Financiere Richemont SA		7,725		654,441
Credit Suisse Group AG (A)		35,784		538,769
Geberit AG		543		232,906
Givaudan SA		109		247,211
Glencore PLC (A)		177,312		847,428
Keuhne & Nagel International AG		868		130,425
LafargeHolcim, Ltd. (A)		7,053		343,647
Lonza Group AG (A)		1,085		287,927
Nestle SA		45,657		3,535,952

	Shares		Value
COMMON STOCKS (continued)
Switzerland (continued)
Novartis AG		37,417		$   2,836,751
Partners Group Holding AG		282		206,612
Roche Holding AG		10,720		2,382,667
Schindler Holding AG		911		193,666
SGS SA		87		231,486
Sika AG		2,604		360,330
STMicroelectronics NV (B)		9,765		218,161
Swatch Group AG		1,541		242,645
Swiss Re AG		4,752		410,138
Swisscom AG		391		174,522
UBS Group AG (A)		56,355		869,772
Zurich Insurance Group AG		2,213		655,464
				16,363,014
United Arab Emirates - 0.0% (C)
NMC Health PLC		1,237		58,499
United Kingdom - 14.8%
3i Group PLC		14,366		170,814
Admiral Group PLC		3,770		94,943
Anglo American PLC (B)		20,593		460,781
Ashtead Group PLC		7,421		222,699
Associated British Foods PLC		5,208		188,261
AstraZeneca PLC		18,554		1,286,771
Aviva PLC		59,090		393,189
Babcock International Group PLC		7,530		81,301
BAE Systems PLC		46,786		399,523
Barclays PLC		233,559		582,794
Barratt Developments PLC		15,017		102,184
Berkeley Group Holdings PLC		2,105		105,190
BP PLC		288,808		2,205,052
British American Tobacco PLC		33,570		1,697,487
British Land Co. PLC, REIT		14,928		132,482
BT Group PLC		121,174		348,437
Bunzl PLC		5,100		154,529
Burberry Group PLC		6,188		176,466
Capita PLC		9,852		20,779
Centrica PLC		82,547		171,811
CNH Industrial NV		14,691		156,019
Coca-Cola European Partners PLC		3,747		152,278
Compass Group PLC		23,371		499,397
ConvaTec Group PLC (D)		10,720		30,061
Diageo PLC		35,956		1,292,159
Direct Line Insurance Group PLC		20,290		91,856
easyJet PLC		4,297		94,911
Experian PLC		13,541		335,114
Fiat Chrysler Automobiles NV (A)		16,154		308,069
G4S PLC		22,915		80,989
GlaxoSmithKline PLC		71,545		1,445,008
Hammerson PLC, REIT		12,478		86,094
Hargreaves Lansdown PLC		3,689		96,020
HSBC Holdings PLC		299,527		2,810,468
IMI PLC		4,015		60,005
Imperial Brands PLC		14,105		525,517
Informa PLC		19,100		210,560
InterContinental Hotels Group PLC		2,930		182,585
International Consolidated Airlines Group SA		13,819		121,144
Intertek Group PLC		2,365		178,476
ITV PLC		54,229		124,577

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    32

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
United Kingdom (continued)
J Sainsbury PLC		25,346		$   107,483
Johnson Matthey PLC		2,930		139,995
Kingfisher PLC		32,339		126,806
Land Securities Group PLC, REIT		11,252		142,152
Legal & General Group PLC		86,345		303,232
Lloyds Banking Group PLC		1,045,102		869,962
London Stock Exchange Group PLC		4,644		274,128
Marks & Spencer Group PLC (B)		24,239		94,437
Merlin Entertainments PLC (D)		10,785		55,062
Micro Focus International PLC		6,411		112,023
National Grid PLC		52,775		584,165
Next PLC		2,080		166,140
Pearson PLC (B)		11,621		135,782
Persimmon PLC		4,579		153,131
Prudential PLC		37,758		864,649
Quilter PLC (A) (D)		24,087		46,086
Reckitt Benckiser Group PLC		9,808		807,889
RELX NV		15,168		323,462
RELX PLC		15,302		327,785
Rentokil Initial PLC		27,212		126,031
Rio Tinto PLC		16,937		939,389
Rio Tinto, Ltd.		6,055		373,289
Rolls-Royce Holdings PLC (A)		27,260		355,653
Royal Bank of Scotland Group PLC (A)		48,719		164,727
Royal Mail PLC		13,888		92,668
RSA Insurance Group PLC		15,137		135,776
Sage Group PLC		16,839		139,748
Schroders PLC		1,714		71,463
Severn Trent PLC		3,559		93,012
Sky PLC		15,754		303,981
Smith & Nephew PLC		13,107		241,917
Smiths Group PLC		5,772		129,396
SSE PLC		14,996		268,269
St. James’s Place PLC		7,873		119,275
Standard Chartered PLC		40,254		368,085
Standard Life Aberdeen PLC		39,364		169,267
Subsea 7 SA		3,993		63,860
Taylor Wimpey PLC		48,673		114,962
Tesco PLC		142,402		482,612
Travis Perkins PLC		3,798		71,329
Unilever NV, CVA		25,150		1,403,154
Unilever PLC		19,161		1,060,464
United Utilities Group PLC		10,047		101,235
Vodafone Group PLC		388,780		943,524
Weir Group PLC		3,534		93,315

	Shares		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Whitbread PLC		2,713		$   141,805
WM Morrison Supermarkets PLC		34,850		115,947
WPP PLC		19,574		308,302
				32,503,624
United States - 0.5%
Carnival PLC		3,212		184,341
Flex, Ltd. (A)		8,599		121,332
International Game Technology PLC		1,705		39,624
Shire PLC		13,411		755,156
				1,100,453
Total Common Stocks (Cost $216,113,942)			217,320,180
PREFERRED STOCKS - 0.4%
Germany - 0.4%
Bayerische Motoren Werke AG, 5.82% (E)		550		43,859
Henkel AG & Co. KGaA, 1.65% (E)		2,604		332,913
Porsche Automobil Holding SE, 3.13% (E)		2,279		145,176
Volkswagen AG, 2.71% (E)		2,713		450,491
Total Preferred Stocks (Cost $962,502)			972,439
RIGHT - 0.0%
Italy - 0.0%
Intesa Sanpaolo SpA, (A) (F) (G) Exercise Price $0, Expiration Date 07/17/2018		217,680		0
Total Right (Cost $0)			0
SECURITIES LENDING COLLATERAL - 3.3%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 1.93% (E)		7,142,069		7,142,069
Total Securities Lending Collateral (Cost $7,142,069)				7,142,069
Total Investments (Cost $224,218,513)				225,434,688
Net Other Assets (Liabilities) - (2.6)%				(5,725,035	)
Net Assets - 100.0%				$  219,709,653

FUTURES CONTRACTS:

Description	Long/Short		Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
MSCI EAFE Mini Index		Long		14		09/21/2018	$	1,409,448	$	1,368,780	$	—	$	(40,668)

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    33

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Banks		11.0	%	$	24,820,381
Pharmaceuticals		7.0			15,876,621
Oil, Gas & Consumable Fuels		5.6			12,719,891
Insurance		4.8			10,821,462
Automobiles		3.5			7,895,412
Chemicals		3.5			7,832,059
Metals & Mining		3.0			6,781,371
Food Products		3.0			6,674,289
Machinery		2.8			6,223,573
Beverages		2.4			5,326,685
Capital Markets		2.2			4,902,664
Real Estate Management & Development		2.1			4,824,150
Personal Products		2.0			4,621,963
Diversified Telecommunication Services		2.0			4,463,542
Textiles, Apparel & Luxury Goods		2.0			4,397,253
Electric Utilities		1.8			3,955,428
Electronic Equipment, Instruments & Components		1.8			3,950,633
Software		1.7			3,830,300
Food & Staples Retailing		1.6			3,719,444
Hotels, Restaurants & Leisure		1.6			3,644,114
Equity Real Estate Investment Trusts		1.6			3,498,743
Industrial Conglomerates		1.5			3,347,553
Trading Companies & Distributors		1.4			3,207,315
Semiconductors & Semiconductor Equipment		1.4			3,181,368
Wireless Telecommunication Services		1.4			3,122,055
Electrical Equipment		1.3			2,997,930
Aerospace & Defense		1.3			2,860,588
Tobacco		1.3			2,841,373
Health Care Equipment & Supplies		1.3			2,830,043
Household Durables		1.3			2,826,849
Professional Services		1.2			2,787,494
Auto Components		1.2			2,758,592
Road & Rail		1.2			2,697,014
Media		1.1			2,469,765
Biotechnology		1.0			2,205,074
Construction & Engineering		1.0			2,199,752
Multi-Utilities		1.0			2,177,495
Building Products		0.9			1,962,084
Household Products		0.8			1,907,980
IT Services		0.7			1,636,190
Diversified Financial Services		0.7			1,615,960
Specialty Retail		0.6			1,431,551
Health Care Providers & Services		0.6			1,374,280
Construction Materials		0.6			1,351,386
Technology Hardware, Storage & Peripherals		0.5			1,207,918
Commercial Services & Supplies		0.5			1,139,528
Transportation Infrastructure		0.5			1,136,587
Gas Utilities		0.4			937,647
Paper & Forest Products		0.4			868,490
Communications Equipment		0.4			849,128
Air Freight & Logistics		0.4			840,360
Leisure Products		0.3			710,420
Airlines		0.3			671,561
Multiline Retail		0.3			661,264
Containers & Packaging		0.2			475,681
Life Sciences Tools & Services		0.2			411,234

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    34

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

INVESTMENTS BY INDUSTRY (continued):

Industry	Percentage of Total Investments			Value
Marine		0.2	%	$	386,490
Internet Software & Services		0.1			279,978
Energy Equipment & Services		0.1			251,583
Water Utilities		0.1			194,247
Internet & Direct Marketing Retail		0.1			167,699
Independent Power & Renewable Electricity Producers		0.0	(C)		110,025
Consumer Finance		0.0	(C)		106,591
Internet & Catalog Retail		0.0	(C)		99,430
Health Care Technology		0.0	(C)		87,690
Diversified Consumer Services		0.0	(C)		78,057
Distributors		0.0	(C)		51,342
Investments, at Value		96.8			218,292,619
Short-Term Investments		3.2			7,142,069
Total Investments		100.0	%	$	225,434,688

SECURITY VALUATION:

Valuation Inputs ^(H)

	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	2,233,135		$	215,087,045	$	—	$	217,320,180
Preferred Stocks		—			972,439		—		972,439
Right		—			0		—		0
Securities Lending Collateral		7,142,069			—		—		7,142,069
Total Investments	$	9,375,204		$	216,059,484	$	—	$	225,434,688
LIABILITIES
Other Financial Instruments
Futures Contracts (I)	$	(40,668	)	$	—	$	—	$	(40,668	)
Total Other Financial Instruments	$	(40,668	)	$	—	$	—	$	(40,668	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	All or a portion of the securities are on loan. The total value of all securities on loan is $6,793,987. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(C)	Percentage rounds to less than 0.1% or (0.1)%.
(D)	Securities are registered pursuant to Rule 144A of the Securities Act of 1933. Unless otherwise indicated, the securities are deemed to be liquid for purposes of compliance limitations on holdings of illiquid securities and may be resold as transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2018, the total value of 144A securities is $1,192,690, representing 0.5% of the Fund‘s net assets.
(E)	Rates disclosed reflect the yields at June 30, 2018.
(F)	Security deemed worthless.
(G)	Illiquid security. At June 30, 2018, the value of such securities amounted to $0 or less than 0.1% of the Fund‘s net assets.
(H)	The Fund recognizes transfers between Levels at the end of the reporting period. There were no transfers between Levels 1, 2 and 3 during the period ended June 30, 2018. Please reference the Security Valuation section of the Notes to Financial Statements for more information regarding security valuation and pricing inputs.
(I)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    35

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2018

(unaudited)

PORTFOLIO ABBREVIATIONS:

ADR	American Depositary Receipt
CDI	CHESS Depositary Interests
CVA	Commanditaire Vennootschap op Aandelen (Dutch Certificate)
EAFE	Europe, Australasia and Far East
REIT	Real Estate Investment Trust
SDR	Swedish Depositary Receipt

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    36

STATEMENTS OF ASSETS AND LIABILITIES

At June 30, 2018

(unaudited)

	DeltaShares® S&P 400 Managed Risk ETF			DeltaShares® S&P 500 Managed Risk ETF			DeltaShares® S&P 600 Managed Risk ETF			DeltaShares® S&P International Managed Risk  ETF
Assets:
Investments, at value (A) (B)	$	111,341,387		$	418,356,445		$	41,847,032		$	225,434,688
Cash		697,253			2,073,881			339,233			27,873
Cash collateral pledged at broker:
Futures contracts		45,000			112,000			18,900			63,000
Foreign currency, at value (C)		—			—			—			710,576
Receivables and other assets:
Investments sold		694,199			437,717			48,420			56,931
Dividends		114,515			380,165			43,968			440,647
Tax reclaims		—			—			—			195,024
Net income from securities lending		3,028			311			2,432			8,240
Variation margin receivable on futures contracts		110,493			339,082			88,719			56,317
Total assets		113,005,875			421,699,601			42,388,704			226,993,296
Liabilities:
Payables and other liabilities:
Investments purchased		368,852			432,117			48,351			54,392
Investment management fees		42,124			124,610			16,083			87,182
Collateral for securities on loan		4,407,993			1,379,090			2,557,799			7,142,069
Total liabilities		4,818,969			1,935,817			2,622,233			7,283,643
Net assets	$	108,186,906		$	419,763,784		$	39,766,471		$	219,709,653
Net assets consist of:
Paid-in capital	$	97,041,012		$	389,659,282		$	32,436,587		$	215,637,742
Undistributed (distributions in excess of) net investment income (loss)		115,821			(23,703	)		(7,818	)		(400,990	)
Accumulated net realized gain (loss)		6,558,386			14,207,274			6,073,190			3,308,911
Net unrealized appreciation (depreciation) on:
Investments		4,487,139			15,976,081			1,275,189			1,216,175
Futures contracts		(15,452	)		(55,150	)		(10,677	)		(40,668	)
Translation of assets and liabilities denominated in foreign currencies		—			—			—			(11,517	)
Net assets	$	108,186,906		$	419,763,784		$	39,766,471		$	219,709,653
Shares outstanding (unlimited, no par value)		2,000,000			7,800,000			700,000			4,350,000
Net asset value per share	$	54.09		$	53.82		$	56.81		$	50.51
(A) Investments, at cost	$	106,854,248		$	402,380,364		$	40,571,843		$	224,218,513
(B) Securities on loan, at value	$	4,301,762		$	1,346,116		$	2,491,760		$	6,793,987
(C) Foreign currency, at cost	$	—		$	—		$	—		$	712,386

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    37

STATEMENTS OF OPERATIONS

For the period ended June 30, 2018

(unaudited)

	DeltaShares® S&P 400 Managed Risk ETF			DeltaShares® S&P 500 Managed Risk ETF			DeltaShares® S&P 600 Managed Risk ETF			DeltaShares® S&P International Managed Risk  ETF
Investment Income:
Dividend income	$	826,456		$	3,279,179		$	271,603		$	5,053,579
Interest income		162,668			708,712			79,136			25,969
Non-cash dividend income		54,421			—			—			—
Net income (loss) from securities lending		26,142			34,440			21,687			64,623
Withholding taxes on foreign income		(474	)		—			(27	)		(495,419	)
Total investment income		1,069,213			4,022,331			372,399			4,648,752
Expenses:
Investment management fees		272,689			716,645			117,243			574,485
Other		—			—			—			869
Total expenses		272,689			716,645			117,243			575,354
Net investment income (loss)		796,524			3,305,686			255,156			4,073,398
Net realized gain (loss) on:
Investments		(344,943	)		(2,364,608	)		(1,015,507	)		1,661,582
In-kind redemptions		6,926,508			16,433,071			7,204,086			1,751,368
Futures contracts		68,720			163,516			62,108			(96,195	)
Foreign currency transactions		(3	)		(15	)		—			(44,523	)
Net realized gain (loss)		6,650,282			14,231,964			6,250,687			3,272,232
Net change in unrealized appreciation (depreciation) on:
Investments		(6,136,547	)		(14,817,988	)		(3,838,907	)		(13,387,478	)
Futures contracts		(29,217	)		(115,098	)		(16,980	)		(68,878	)
Translation of assets and liabilities denominated in foreign currencies		—			—			—			(19,180	)
Net change in unrealized appreciation (depreciation)		(6,165,764	)		(14,933,086	)		(3,855,887	)		(13,475,536	)
Net realized and change in unrealized gain (loss)		484,518			(701,122	)		2,394,800			(10,203,304	)
Net increase (decrease) in net assets resulting from operations	$	1,281,042		$	2,604,564		$	2,649,956		$	(6,129,906	)

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    38

STATEMENTS OF CHANGES IN NET ASSETS

For the periods ended:

	DeltaShares® S&P 400 Managed Risk ETF						DeltaShares® S&P 500 Managed Risk ETF						DeltaShares® S&P 600 Managed Risk ETF
	June 30, 2018 (unaudited)			December 31, 2017 (A)			June 30, 2018 (unaudited)			December 31, 2017 (A)			June 30, 2018 (unaudited)			December 31, 2017 (A)
From operations:
Net investment income (loss)	$	796,524		$	618,205		$	3,305,686		$	2,586,002		$	255,156		$	252,105
Net realized gain (loss)		6,650,282			761,843			14,231,964			640,808			6,250,687			586,201
Net change in unrealized appreciation (depreciation)		(6,165,764	)		10,637,451			(14,933,086	)		30,854,017			(3,855,887	)		5,120,399
Net increase (decrease) in net assets resulting from operations		1,281,042			12,017,499			2,604,564			34,080,827			2,649,956			5,958,705
Dividends and/or distributions to shareholders:
Net investment income		(680,703	)		(657,754	)		(3,329,389	)		(2,669,883	)		(262,974	)		(259,815	)
Net realized gains		—			(149,457	)		—			(111,926	)		—			(160,912	)
Total dividends and/or distributions to shareholders		(680,703	)		(807,211	)		(3,329,389	)		(2,781,809	)		(262,974	)		(420,727	)
Capital share transactions:
Proceeds from shares sold		38,244,541			131,262,410			169,274,887			396,016,172			30,860,256			61,596,412
Cost of shares redeemed		(62,651,988	)		(10,478,684	)		(168,096,573	)		(8,004,895	)		(52,811,350	)		(7,803,807	)
Net increase (decrease) in net assets resulting from capital share transactions		(24,407,447	)		120,783,726			1,178,314			388,011,277			(21,951,094	)		53,792,605
Net increase (decrease) in net assets		(23,807,108	)		131,994,014			453,489			419,310,295			(19,564,112	)		59,330,583
Net assets:
Beginning of period		131,994,014			—			419,310,295			—			59,330,583			—
End of period	$	108,186,906		$	131,994,014		$	419,763,784		$	419,310,295		$	39,766,471		$	59,330,583
Undistributed (distributions in excess of) net investment income (loss)	$	115,821		$	—		$	(23,703	)	$	—		$	(7,818	)	$	—
Capital share transactions - shares:
Shares issued		700,000			2,650,000			3,100,000			7,902,000			550,000			1,250,000
Shares redeemed		(1,150,000	)		(200,000	)		(3,050,000	)		(152,000	)		(950,000	)		(150,000	)
Net increase (decrease) in shares outstanding		(450,000	)		2,450,000			50,000			7,750,000			(400,000	)		1,100,000

(A) Commenced operations on July 31, 2017.

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    39

STATEMENTS OF CHANGES IN NET ASSETS (continued)

For the periods ended:

	DeltaShares® S&P International Managed Risk ETF
	June 30, 2018 (unaudited)			December 31, 2017 (A)
From operations:
Net investment income (loss)	$	4,073,398		$	1,356,561
Net realized gain (loss)		3,272,232			71,899
Net change in unrealized appreciation (depreciation)		(13,475,536	)		14,639,526
Net increase (decrease) in net assets resulting from operations		(6,129,906	)		16,067,986
Dividends and/or distributions to shareholders:
Net investment income		(4,273,309	)		(1,565,012	)
Net realized gains		—			(27,848	)
Total dividends and/or distributions to shareholders		(4,273,309	)		(1,592,860	)
Capital share transactions:
Proceeds from shares sold		7,661,509			229,932,452
Cost of shares redeemed		(21,956,219	)		—
Net increase (decrease) in net assets resulting from capital share transactions		(14,294,710	)		229,932,452
Net increase (decrease) in net assets		(24,697,925	)		244,407,578
Net assets:
Beginning of period		244,407,578			—
End of period	$	219,709,653		$	244,407,578
Undistributed (distributions in excess of) net investment income (loss)	$	(400,990	)	$	(201,079	)
Capital share transactions - shares:
Shares issued		150,000			4,600,000
Shares redeemed		(400,000	)		—
Net increase (decrease) in shares outstanding		(250,000	)		4,600,000

(A) Commenced operations on July 31, 2017.

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    40

FINANCIAL HIGHLIGHTS

For a share outstanding during the periods indicated:	DeltaShares® S&P 400 Managed Risk ETF
	June 30, 2018 (unaudited)			December 31, 2017 (A)
Net asset value, beginning of period	$	53.88		$	50.00
Investment operations:
Net investment income (loss) (B)		0.35			0.27
Net realized and unrealized gain (loss)		0.17			3.94
Total investment operations		0.52			4.21
Dividends and/or distributions to shareholders:
Net investment income		(0.31	)		(0.27	)
Net realized gains		—			(0.06	)
Total dividends and/or distributions to shareholders		(0.31	)		(0.33	)
Net asset value, end of period	$	54.09		$	53.88
Total return		0.99	%(C)		8.42	%(C)
Ratio and supplemental data:
Net assets end of period (000’s)	$	108,187		$	131,994
Expenses to average net assets		0.45	%(D)		0.45	%(D)
Net investment income (loss) to average net assets		1.31	%(D)		1.25	%(D)
Portfolio turnover rate (E)		204	%(C)		6	%(C)

(A)	Commenced operations on July 31, 2017.
(B)	Calculated based on average number of shares outstanding.
(C)	Not annualized.
(D)	Annualized.
(E)	Excludes investment securities received or delivered as a result of processing in-kind issuances or redemptions of capital share transactions in creation units.

For a share outstanding during the periods indicated:	DeltaShares® S&P 500 Managed Risk ETF
	June 30, 2018 (unaudited)			December 31, 2017 (A)
Net asset value, beginning of period	$	54.10		$	50.00
Investment operations:
Net investment income (loss) (B)		0.43			0.36
Net realized and unrealized gain (loss)		(0.28	)		4.09
Total investment operations		0.15			4.45
Dividends and/or distributions to shareholders:
Net investment income		(0.43	)		(0.34	)
Net realized gains		—			(0.01	)
Total dividends and/or distributions to shareholders		(0.43	)		(0.35	)
Net asset value, end of period	$	53.82		$	54.10
Total return		0.28	%(C)		8.94	%(C)
Ratio and supplemental data:
Net assets end of period (000’s)	$	419,764		$	419,310
Expenses to average net assets		0.35	%(D)		0.35	%(D)
Net investment income (loss) to average net assets		1.61	%(D)		1.64	%(D)
Portfolio turnover rate (E)		241	%(C)		2	%(C)

(A)	Commenced operations on July 31, 2017.
(B)	Calculated based on average number of shares outstanding.
(C)	Not annualized.
(D)	Annualized.
(E)	Excludes investment securities received or delivered as a result of processing in-kind issuances or redemptions of capital share transactions in creation units.

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    41

FINANCIAL HIGHLIGHTS (continued)

For a share outstanding during the periods indicated:	DeltaShares® S&P 600 Managed Risk ETF
	June 30, 2018 (unaudited)			December 31, 2017 (A)
Net asset value, beginning of period	$	53.94		$	50.00
Investment operations:
Net investment income (loss) (B)		0.27			0.24
Net realized and unrealized gain (loss)		2.90			4.09
Total investment operations		3.17			4.33
Dividends and/or distributions to shareholders:
Net investment income		(0.30	)		(0.24	)
Net realized gains		—			(0.15	)
Total dividends and/or distributions to shareholders		(0.30	)		(0.39	)
Net asset value, end of period	$	56.81		$	53.94
Total return		5.90	%(C)		8.65	%(C)
Ratio and supplemental data:
Net assets end of period (000’s)	$	39,766		$	59,331
Expenses to average net assets		0.45	%(D)		0.45	%(D)
Net investment income (loss) to average net assets		0.98	%(D)		1.12	%(D)
Portfolio turnover rate (E)		208	%(C)		21	%(C)

(A)	Commenced operations on July 31, 2017.
(B)	Calculated based on average number of shares outstanding.
(C)	Not annualized.
(D)	Annualized.
(E)	Excludes investment securities received or delivered as a result of processing in-kind issuances or redemptions of capital share transactions in creation units.

For a share outstanding during the periods indicated:	DeltaShares® S&P International Managed Risk ETF
	June 30, 2018   (unaudited)			December 31, 2017 (A)
Net asset value, beginning of period	$	53.13		$	50.00
Investment operations:
Net investment income (loss) (B)		0.93			0.32
Net realized and unrealized gain (loss)		(2.54	)		3.16
Total investment operations		(1.61	)		3.48
Dividends and/or distributions to shareholders:
Net investment income		(1.01	)		(0.34	)
Net realized gains		—			(0.01	)
Total dividends and/or distributions to shareholders		(1.01	)		(0.35	)
Net asset value, end of period	$	50.51		$	53.13
Total return		(3.05	)%(C)		6.97	%(C)
Ratio and supplemental data:
Net assets end of period (000’s)	$	219,710		$	244,408
Expenses to average net assets		0.50	%(D)		0.50	%(D)
Net investment income (loss) to average net assets		3.55	%(D)		1.47	%(D)
Portfolio turnover rate (E)		30	%(C)		3	%(C)

(A)	Commenced operations on July 31, 2017.
(B)	Calculated based on average number of shares outstanding.
(C)	Not annualized.
(D)	Annualized.
(E)	Excludes investment securities received or delivered as a result of processing in-kind issuances or redemptions of capital share transactions in creation units.

The Notes to Financial Statements are an integral part of this report.

Transamerica ETF Trust Semi-Annual Report 2018

Page    42

NOTES TO FINANCIAL STATEMENTS

At June 30, 2018

(unaudited)

1. ORGANIZATION

Transamerica ETF Trust (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”), and was organized as a Delaware statutory trust dated May 5, 2016. The Trust applies investment company accounting and reporting guidance. The funds covered by this report (each, a “Fund” and collectively, the “Funds”) are each a series of the Trust and are as follows.

Fund

DeltaShares^® S&P 400 Managed Risk ETF (“S&P 400 Managed Risk”)

DeltaShares^® S&P 500 Managed Risk ETF (“S&P 500 Managed Risk”)

DeltaShares^® S&P 600 Managed Risk ETF (“S&P 600 Managed Risk”)

DeltaShares^® S&P International Managed Risk ETF (“S&P International Managed Risk”)

Each Fund is classified as a “non-diversified” investment company under the 1940 Act.

The investment objective of each Fund seeks to track the investment results, before fees and expenses, of its respective index listed below (each, an “Underlying Index”). Each Fund uses a “passive” or index approach to try to achieve its investment objective.

Fund	Underlying Index
S&P 400 Managed Risk	S&P 400® Managed Risk 2.0 Index
S&P 500 Managed Risk	S&P 500® Managed Risk 2.0 Index
S&P 600 Managed Risk	S&P 600® Managed Risk 2.0 Index
S&P International Managed Risk	S&P EPAC Ex. Korea LargeMidCap Managed Risk 2.0 Index

This report must be accompanied or preceded by the Funds’ current prospectuses, which contain additional information about the Funds, including risks, as well as investment objectives and strategies.

Transamerica Asset Management, Inc. (“TAM”) serves as investment manager for the Funds pursuant to an investment management agreement. TAM provides continuous and regular investment management services to the Funds. TAM supervises each Fund’s investments, conducts its investment program and provides supervisory, compliance and administrative services to the Funds.

TAM currently acts as a “manager of managers” and has hired Milliman Financial Risk Management LLC as the sub-adviser to furnish day-to-day investment advice and recommendations. TAM may, in the future, determine to provide all aspects of the day-to-day management of a Fund without the use of a sub-adviser. When acting as a manager of managers, TAM provides investment management services that include, without limitation, the design and development of the Funds and their investment strategies and the ongoing review and evaluation of those investment strategies including recommending changes in strategy where it believes appropriate or advisable; the selection of one or more sub-advisers for the Funds employing a combination of quantitative and qualitative screens, research, analysis and due diligence; negotiation of sub-advisory agreements and fees; oversight and monitoring of sub-advisers and recommending changes to sub-advisers where it believes appropriate or advisable; recommending fund combinations and liquidations where it believes appropriate or advisable; selection and oversight of transition managers, as needed; regular supervision of the Funds’ investments; regular review and evaluation of sub-adviser performance; daily monitoring of the sub-advisers’ buying and selling of securities for the Funds; regular review of holdings; ongoing trade oversight and analysis; regular monitoring to ensure adherence to investment process; regular calls and periodic on-site visits with sub-advisers; risk management oversight and analysis; oversight of negotiation of investment documentation and agreements; design, development, implementation and regular monitoring of the valuation process; periodic due diligence reviews of pricing vendors and vendor methodology; design, development, implementation and regular monitoring of the compliance process; respond to regulatory inquiries and determine appropriate litigation strategy, as needed; review of proxies voted by sub-advisers; oversight of preparation, and review, of materials for meetings of the Funds’ Board of Trustees (the “Board”), participation in these meetings and preparation of regular communications with the Board; oversight of preparation, and review, of prospectuses, shareholder reports and other disclosure materials and regulatory filings for the Funds; oversight of other service providers to the Funds, such as the custodian, the transfer agent, the Funds’ independent accounting firm and legal counsel; supervision of the performance of recordkeeping and shareholder relations functions for the Funds; and oversight of cash management services. TAM uses a variety of quantitative and qualitative tools to carry out its investment management services. TAM, not the Funds, is responsible for paying the sub-adviser(s) for their services, and sub-advisory fees are TAM’s expense.

TAM’s investment management services also include the provision of supervisory and administrative services to the Funds. These services include performing certain administrative services for the Funds and supervising and overseeing the administrative, clerical, recordkeeping and bookkeeping services provided to the Funds by State Street Bank and Trust Company (“State Street”), to whom

Transamerica ETF Trust Semi-Annual Report 2018

Page    43

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2018

(unaudited)

1. ORGANIZATION (continued)

TAM has outsourced the provision of certain services as described below: to the extent agreed upon by TAM and the Funds from time to time, monitoring and verifying the custodian’s daily calculation of the Net Asset Values (“NAV”); shareholder relations functions; compliance services; valuation services; assisting in due diligence and in the oversight and monitoring of certain activities of sub-advisers and certain aspects of Fund investments; assisting with Fund combinations and liquidations; oversight of the preparation and filing, and review, of all returns and reports, in connection with federal, state and local taxes; oversight and review of regulatory reporting; supervising and coordinating the Funds’ custodian and dividend disbursing agent and monitoring their services to the Funds; assisting the Funds in preparing reports to shareholders; acting as liaison with the Funds’ independent public accountants and providing, upon request, analyses, fiscal year summaries and other audit related services; assisting in the preparation of agendas and supporting documents for and minutes of meetings of trustees and committees of trustees; assisting in the preparation of regular communications with the trustees; and providing personnel and office space, telephones and other office equipment as necessary in order for TAM to perform supervisory and administrative services to the Funds.

2. SIGNIFICANT ACCOUNTING POLICIES

In preparing the Funds’ financial statements in accordance with Generally Accepted Accounting Principles in the United States of America (“GAAP”), estimates or assumptions (which could differ from actual results) may be used that affect reported amounts and disclosures. The following is a summary of significant accounting policies followed by the Funds.

Foreign currency denominated investments: The accounting records of the Funds are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars based on the closing exchange rate each day. The cost of foreign securities purchased and any realized gains or losses are translated at the prevailing exchange rates in effect on the date of the respective transaction. Each Fund combines fluctuations from currency exchange rates and fluctuations in value when computing net realized and unrealized gains or losses from investments.

Net foreign currency gains and losses resulting from changes in exchange rates include, foreign currency fluctuations between trade date and settlement date of investment security transactions, gains and losses on forward foreign currency contracts, and the difference between the receivable amounts of interest and dividends recorded in the accounting records in U.S. dollars and the amounts actually received.

Foreign currency denominated assets may involve risks not typically associated with domestic transactions. These risks include revaluation of currencies, adverse fluctuations in foreign currency values, and possible adverse political, social, and economic developments, including those particular to a specific industry, country or region.

Security transactions and investment income: Security transactions are accounted for on the trade date. Security gains and losses are calculated on the specific identification basis. Dividend income, if any, is recorded on the ex-dividend date or, in the case of foreign securities, as soon as the Funds are informed of the ex-dividend dates, net of foreign taxes. Interest income, if any, including accretion of discounts and amortization of premiums, is recorded on the accrual basis commencing on the settlement date.

Distributions to shareholders: Distributions are recorded on the ex-dividend date and are determined in accordance with federal income tax regulations, which may differ from GAAP.

Foreign taxes: The Funds may be subject to taxes imposed by the countries in which they invest, with respect to their investments in issuers existing or operating in such countries. The Funds may also be subject to foreign taxes on income, gains on investments, or currency repatriation, a portion of which may be recoverable. The Funds accrue such taxes and recoveries as applicable when the related income or capital gains are earned or unrealized, and based upon the current interpretation of tax rules and regulations that exist in the markets in which the Funds invest. Some countries require governmental approval for the repatriation of investment income, capital, or the proceeds of sales earned by foreign investors. In addition, if there is deterioration in a country’s balance of payments or for other reasons, a country may impose temporary restrictions of foreign capital remittances abroad.

Organizational and offering costs: TAM has agreed to pay all of the Funds organizational and offering costs. The offering and organizational costs are not subject to repayment to TAM by the Funds.

Indemnification: In the normal course of business, the Funds enter into contracts that contain a variety of representations that provide general indemnifications. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds and/or their affiliates that have not yet occurred. However, based on experience, the Funds expect the risk of loss to be remote.

Transamerica ETF Trust Semi-Annual Report 2018

Page    44

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2018

(unaudited)

3. SECURITY VALUATION

All investments in securities are recorded at their estimated fair value. The Funds value their investments at the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business.

The Funds utilize various methods to measure the fair value of their investments on a recurring basis. GAAP 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, which may include TAM’s internal valuation committee’s (the “Valuation Committee”) own assumptions in determining the fair value of investments. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the sub-adviser, issuer, analysts, or the appropriate stock exchange (for exchange-traded securities), analysis of the issuer’s financial statements or other available documents and, if necessary, available information concerning other securities in similar circumstances.

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 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 Funds’ investments at June 30, 2018, is disclosed within the Security Valuation section of each Fund’s Schedule of Investments.

Under supervision and approval of the Board, TAM provides day-to-day valuation functions. TAM formed the Valuation Committee to monitor and implement the fair valuation policies and procedures as approved by the Board. These policies and procedures are reviewed at least annually by the Board. The Valuation Committee, among other tasks, monitors for when market quotations are not readily available or are unreliable and determines in good faith the fair value of the portfolio investments. For instances in which daily market quotes are not readily available, securities may be valued, pursuant to procedures adopted by the Board, with reference to other instruments or indices. Depending on the relative significance of valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.

The Valuation Committee may employ a market-based approach which may use related or comparable assets or liabilities, recent transactions, market multiples, book values, and other relevant information for the security to determine the fair value of the security. An income-based valuation approach may also be used in which the anticipated future cash flows of the security are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the securities. When the Funds use fair value methods that rely on significant unobservable inputs to determine a security’s value, the Valuation Committee will choose the method that is believed to accurately reflect fair value. These securities are categorized in Level 3 of the fair value hierarchy. The Valuation Committee reviews fair value measurements on a regular and ad hoc basis and may, as deemed appropriate, update the security valuations as well as the fair valuation guidelines. The Board reviews and considers Valuation Committee determinations at its regularly scheduled meetings.

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 Valuation Committee’s 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. The Valuation Committee employs various methods for calibrating these valuation approaches, including a regular review of valuation methodologies, key inputs and assumptions, transactional back-testing, and reviews of any market related activity.

Transamerica ETF Trust Semi-Annual Report 2018

Page    45

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2018

(unaudited)

3. SECURITY VALUATION (continued)

Fair value measurements: Descriptions of the valuation techniques applied to the Funds’ significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:

Equity securities: Securities are stated at the last reported sales price or closing price on the day of valuation taken from the primary exchange where the security is principally traded. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Equities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or Level 3 if inputs are unobservable.

Foreign equity securities: Securities in which the primary trading market closes at the same time or after the NYSE, are valued based on quotations from the primary market in which they are traded and are categorized in Level 1. Because many foreign securities markets and exchanges close prior to the close of the NYSE, closing prices for foreign securities in those markets or on those exchanges do not reflect the events that occur after that close. Certain foreign securities may be fair valued using a pricing service that considers the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts, financial futures, ETF and the movement of the certain indices of securities based on a statistical analysis of their historical relationship; such valuations generally are categorized in Level 2.

Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the NAV of the underlying securities and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.

Derivative instruments: Centrally cleared or listed derivatives that are actively traded are valued based on quoted prices from the exchange and are categorized in Level 1 of the fair value hierarchy. Over-the-counter (“OTC”) derivative contracts include forward, swap, swaption, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices. Depending on the product and the terms of the transaction, the fair value of the OTC derivative products are modeled taking into account the counterparties’ creditworthiness and using a series of techniques, including simulation models. Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments and the pricing inputs are observed from actively quoted markets, as is the case of interest rate swap and option contracts. The majority of OTC derivative products valued by the Funds using pricing models fall into this category and are categorized within Level 2 of the fair value hierarchy or Level 3 if inputs are unobservable.

4. SECURITIES AND OTHER INVESTMENTS

Real estate investment trusts (“REIT”): REITs are pooled investment vehicles which invest primarily in income producing real estate, or real estate related loans or interests. Distributions received by REITs are classified at management’s estimate of the dividend income, return of capital and capital gains. Estimates are based on information available at year-end, which includes the previous fiscal year’s classification. The actual amounts of dividend income, return of capital, and capital gains are only determined by each REIT after the fiscal year end and may differ from the estimated amounts. Upon notification from the REITs, some of the distributions received may be re-classified and recorded as a return of capital or capital gains. There are certain additional risks involved in investing in REITs. These include, but are not limited to, economic conditions, changes in zoning laws, real estate values, property taxes, and interest rates.

REITs held at June 30, 2018, if any, are identified within the Schedule of Investments.

5. BORROWINGS AND OTHER FINANCING TRANSACTIONS

The Funds may engage in borrowing transactions as a means of raising cash to satisfy redemption requests, for other temporary or emergency purposes or, to the extent permitted by their investment policies, to raise additional cash to be invested in other securities or instruments. When the Funds invest borrowing proceeds in other securities, the Funds will bear the risk that the market value of the securities in which such proceeds are invested goes down and is insufficient to repay the borrowed proceeds. The Funds may borrow on a secured or on an unsecured basis. If the Funds enter into a secured borrowing arrangement, a portion of the Funds’ assets will be used as collateral. The 1940 Act requires the Funds to maintain asset coverage of at least 300% of the amount of their borrowings. Asset coverage means the ratio that the value of the Funds’ total assets, minus liabilities other than borrowings, bears to the aggregate amount of all borrowings. Although complying with this requirement has the effect of limiting the amount that the Funds may borrow, it does not otherwise mitigate the risks of entering into borrowing transactions.

Securities lending: Securities are lent to qualified financial institutions and brokers. State Street serves as securities lending agent to the Funds pursuant to a Securities Lending Agreement. The lending of securities exposes the Funds to risks such as, the borrowers may fail to return the loaned securities, the borrowers may not be able to provide additional collateral, the Funds may experience delays

Transamerica ETF Trust Semi-Annual Report 2018

Page    46

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2018

(unaudited)

5. BORROWINGS AND OTHER FINANCING TRANSACTIONS (continued)

in recovery of the loaned securities or delays in access to collateral, or the Funds may experience losses related to the investment collateral. To minimize certain risks, loan counterparties pledge cash collateral with a value of at least 102% of the current value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities loaned. The lending agent has agreed to indemnify the Funds in the case of default of any securities borrower.

Cash collateral received is invested in the State Street Navigator Securities Lending Trust – Government Money Market Portfolio, a money market mutual fund registered under the 1940 Act. By lending securities, the Funds seek to increase their net investment income through the receipt of interest and fees. Such income is reflected separately within the Statements of Operations. Net income from securities lending within the Statements of Operations is net of fees and rebates earned by the lending agent for its services.

The value of loaned securities and related collateral outstanding at June 30, 2018, if any, are shown on a gross basis within the Schedule of Investments and Statements of Assets and Liabilities.

The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of June 30, 2018.

	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Less Than 30 Days		Between 30 & 90 Days		Greater Than 90 Days		Total
S&P 400 Managed Risk
Securities Lending Transactions
Common Stocks	$	4,407,993	$	—	$	—	$	—	$	4,407,993
Total Borrowings	$	4,407,993	$	—	$	—	$	—	$	4,407,993
S&P 500 Managed Risk
Securities Lending Transactions
Common Stocks	$	1,379,090	$	—	$	—	$	—	$	1,379,090
Total Borrowings	$	1,379,090	$	—	$	—	$	—	$	1,379,090
S&P 600 Managed Risk
Securities Lending Transactions
Common Stocks	$	2,557,799	$	—	$	—	$	—	$	2,557,799
Total Borrowings	$	2,557,799	$	—	$	—	$	—	$	2,557,799
S&P International Managed Risk
Securities Lending Transactions
Common Stocks	$	7,142,069	$	—	$	—	$	—	$	7,142,069
Total Borrowings	$	7,142,069	$	—	$	—	$	—	$	7,142,069

6. RISK EXPOSURES AND THE USE OF DERIVATIVE INSTRUMENTS

The Funds’ investment objectives allow the Funds to use various types of derivative contracts, including option contracts, swap agreements, futures contracts, and forward foreign currency contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or OTC.

Market Risk Factors: In pursuit of the Funds’ investment objectives, the Funds may seek to use derivatives. The Funds’ use of derivatives may increase or decrease their exposure to the following market risks:

Interest rate risk: Interest rate risk relates to the fluctuations in the value of fixed income securities due to changes in the prevailing levels of market interest rates.

Foreign exchange rate risk: Foreign exchange rate risk relates to fluctuations in the value of an asset or liability due to changes in the currency exchange rates.

Equity risk: Equity risk relates to the change in value of equity securities as they relate to increases or decreases in the general market.

Transamerica ETF Trust Semi-Annual Report 2018

Page    47

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2018

(unaudited)

6. RISK EXPOSURES AND THE USE OF DERIVATIVE INSTRUMENTS (continued)

Credit risk: Credit risk relates to the ability of the issuer of a financial instrument to make further principal or interest payments on an obligation or commitment that it has to the Funds.

Commodity risk: Commodity risk relates to the change in value of commodities or commodity indices as they relate to increases or decreases in the commodities market. Commodities are physical assets that have tangible properties. Examples of these types of assets are crude oil, heating oil, metals, livestock, and agricultural products.

The Funds are also exposed to additional risks from investing in derivatives, such as liquidity and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to sell or close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligations to the Funds. Investing in derivatives may also involve greater risks than investing directly in the underlying assets, such as losses in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

The Funds’ exposure to market risk factors and certain other associated risks are summarized by derivative type as follows:

Futures contracts: The Funds are subject to equity and commodity risk, interest rate risk, and foreign exchange rate risk in the normal course of pursuing their investment objectives. A Fund may use futures contracts to enhance the Fund’s ability to track its Underlying Index. A futures contract represents a commitment for the future purchase or sale of an asset at a specified price on a specified date. Upon entering into such contracts, the Funds are required to deposit with the broker, either in cash or in securities, an initial margin in an amount equal to a certain percentage of the contract amount. Subsequent payments (variation margin) are paid or received by the Funds, depending on the daily fluctuations in the value of the contract, and are recorded for financial statement purposes as unrealized gains or losses by the Funds. Upon entering into such contracts, the Funds bear the risk of equity and commodity prices, interest rates, or exchange rates moving unexpectedly, in which case, the Funds may not achieve the anticipated benefits of the futures contracts and may realize losses. With futures, there is minimal counterparty credit risk to the Funds since futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default. Futures contracts are generally entered into on a regulated futures exchange and cleared through a clearinghouse associated with the exchange.

Open futures contracts at June 30, 2018, if any, are listed within the Schedule of Investments. Variation margin, if applicable, is shown in Variation margin receivable or payable on futures contracts within the Statements of Assets and Liabilities.

The following is a summary of the location and each Fund’s fair values of derivative investments disclosed, if any, within the Statements of Assets and Liabilities, categorized by primary market risk exposure as of June 30, 2018.

Liability Derivatives
Fund/Location	Interest Rate Contracts		Foreign Exchange Contracts		Equity Contracts			Credit Contracts		Commodity Contracts		Total
S&P 400 Managed Risk
Net unrealized depreciation on futures contracts (A) (B)	$	—	$	—	$	(15,452	)	$	—	$	—	$	(15,452	)
Total	$	—	$	—	$	(15,452	)	$	—	$	—	$	(15,452	)
S&P 500 Managed Risk
Net unrealized depreciation on futures contracts (A) (B)	$	—	$	—	$	(55,150	)	$	—	$	—	$	(55,150	)
Total	$	—	$	—	$	(55,150	)	$	—	$	—	$	(55,150	)
S&P 600 Managed Risk
Net unrealized depreciation on futures contracts (A) (B)	$	—	$	—	$	(10,677	)	$	—	$	—	$	(10,677	)
Total	$	—	$	—	$	(10,677	)	$	—	$	—	$	(10,677	)
S&P International Managed Risk
Net unrealized depreciation on futures contracts (A) (B)	$	—	$	—	$	(40,668	)	$	—	$	—	$	(40,668	)
Total	$	—	$	—	$	(40,668	)	$	—	$	—	$	(40,668	)

(A)	May include exchange-traded derivatives which are not subject to a master netting arrangement, or another similar arrangement.
(B)	Included within Unrealized Appreciation (Depreciation) on futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statements of Assets and Liabilities.

Transamerica ETF Trust Semi-Annual Report 2018

Page    48

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2018

(unaudited)

6. RISK EXPOSURES AND THE USE OF DERIVATIVE INSTRUMENTS (continued)

The following is a summary of the location and the effect of derivative investments, if any, within the Statements of Operations, categorized by primary market risk exposure as of June 30, 2018.

Realized Gain (Loss) on Derivative Instruments
Fund/Location	Interest Rate Contracts			Foreign Exchange Contracts		Equity Contracts			Credit Contracts		Commodity Contracts		Total
S&P 400 Managed Risk
Futures contracts	$	—		$	—	$	68,720		$	—	$	—	$	68,720
Total	$	—		$	—	$	68,720		$	—	$	—	$	68,720
S&P 500 Managed Risk
Futures contracts	$	—		$	—	$	163,516		$	—	$	—	$	163,516
Total	$	—		$	—	$	163,516		$	—	$	—	$	163,516
S&P 600 Managed Risk
Futures contracts	$	—		$	—	$	62,108		$	—	$	—	$	62,108
Total	$	—		$	—	$	62,108		$	—	$	—	$	62,108
S&P International Managed Risk
Futures contracts	$	(522	)	$	—	$	(95,673	)	$	—	$	—	$	(96,195	)
Total	$	(522	)	$	—	$	(95,673	)	$	—	$	—	$	(96,195	)

Net Change in Unrealized Appreciation (Depreciation) on Derivative Instruments
Fund/Location	Interest Rate Contracts		Foreign Exchange Contracts		Equity Contracts			Credit Contracts		Commodity Contracts		Total
S&P 400 Managed Risk
Futures contracts	$	—	$	—	$	(29,217	)	$	—	$	—	$	(29,217	)
Total	$	—	$	—	$	(29,217	)	$	—	$	—	$	(29,217	)
S&P 500 Managed Risk
Futures contracts	$	—	$	—	$	(115,098	)	$	—	$	—	$	(115,098	)
Total	$	—	$	—	$	(115,098	)	$	—	$	—	$	(115,098	)
S&P 600 Managed Risk
Futures contracts	$	—	$	—	$	(16,980	)	$	—	$	—	$	(16,980	)
Total	$	—	$	—	$	(16,980	)	$	—	$	—	$	(16,980	)
S&P International Managed Risk
Futures contracts	$	—	$	—	$	(68,878	)	$	—	$	—	$	(68,878	)
Total	$	—	$	—	$	(68,878	)	$	—	$	—	$	(68,878	)

The following is a summary of the ending monthly average volume on derivative activity during the period ended June 30, 2018.

	Futures Contracts at Notional Amount
Fund	Long		Short
S&P 400 Managed Risk		614		—
S&P 500 Managed Risk		1,543		—
S&P 600 Managed Risk		343		—
S&P International Managed Risk		1,293		—

Collateral requirements: Collateral or margin requirements are set by the broker or exchange clearing house for exchange-traded derivatives (futures contracts, exchange-traded options, and exchange-traded swap agreements) while collateral terms are contract specific for OTC derivatives (forward foreign currency exchange contracts, OTC options, and OTC swap agreements). For OTC derivatives, under standard derivatives agreements, the Funds may be required to post collateral on derivatives if the Funds are in a net liability position with the counterparty exceeding certain amounts. Additionally, counterparties may immediately terminate derivatives contracts if the Funds fail to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.

Transamerica ETF Trust Semi-Annual Report 2018

Page    49

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2018

(unaudited)

6. RISK EXPOSURES AND THE USE OF DERIVATIVE INSTRUMENTS (continued)

For financial reporting purposes, cash collateral that has been pledged or received at the custodian and/or broker to cover obligations of each Fund, if any, is reported separately in Cash collateral pledged at custodian and/or broker, and Cash collateral received by the broker within the Statements of Assets and Liabilities. Non-cash collateral pledged to each Fund, if any, is disclosed within the Schedule of Investments. Generally, the amount of collateral due from or to a party must exceed a minimum transfer amount threshold before a transfer has been made. To the extent amounts due to the Fund from its counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from counterparty non-performance.

7. RISK FACTORS

Investing in the Funds involves certain risks. Set forth below is a summary of certain key risks related to the Funds’ trading activity. Please see the Funds’ prospectuses for a more complete discussion of these and other risks of investing in the Funds.

Asset Allocation: The Underlying Index and, thus, the Fund allocate assets among equity and fixed income securities. These allocations and the timing of the allocations may result in performance that is less favorable than that of a portfolio that does not allocate its assets among equity and fixed income securities.

Foreign investment risk: Investing in securities of foreign issuers or issuers with significant exposure to foreign markets involves additional risk. Foreign countries in which the Fund may invest may have markets that are less liquid, less regulated and more volatile than U.S. markets. The value of the Fund’s investments may decline because of factors affecting a particular issuer as well as foreign markets and issuers generally, such as unfavorable or unsuccessful government actions, reduction of government or central bank support, political or financial instability or other adverse economic or political developments. Lack of information and weaker accounting standards also may affect the value of these securities.

Index tracking: While an index fund seeks to track the performance of its stated index (i.e. achieve a high degree of correlation with the index), an index fund’s return may not match the return of the index. An index fund incurs a number of operating expenses not applicable to the index, and incurs costs in buying and selling securities. In addition, an index fund may not be fully invested at times, generally as a result of cash flows or reserves of cash held by an index fund to meet redemptions. The sub-adviser may attempt to replicate the index return by investing in fewer than all of the securities of the index, or in some securities not included in the index, potentially increasing the risk of divergence between an index fund’s return and that of its stated index.

Small and medium capitalization risk: Small or medium capitalization companies may be more at risk than large capitalization companies because, among other things, they may have limited product lines, operating history, market or financial resources, or because they may depend on a limited management group. The prices of securities of small and medium capitalization companies generally are more volatile than those of large capitalization companies and are more likely to be adversely affected than large capitalization companies by changes in earnings results and investor expectations or poor economic or market conditions. Securities of small and medium capitalization companies may underperform large capitalization companies, may be harder to sell at times and at prices the portfolio managers believe appropriate and may offer greater potential for losses.

8. FEES AND OTHER AFFILIATED TRANSACTIONS

TAM, the Funds’ investment manager, is directly owned by Transamerica Premier Life Insurance Company (“TPLIC”) and AUSA Holding Company (“AUSA”), both of which are indirect, wholly owned subsidiaries of Aegon NV. TPLIC is owned by Commonwealth General Corporation (“Commonwealth”) and Aegon USA, LLC (“Aegon USA”). Commonwealth and AUSA are wholly owned by Aegon USA. Aegon USA is wholly owned by Aegon US Holding Corporation, which is wholly owned by Transamerica Corporation (DE). Transamerica Corporation (DE) is wholly owned by The Aegon Trust, which is wholly owned by Aegon International B.V., which is wholly owned by Aegon NV, a Netherlands corporation, and a publicly traded international insurance group.

TAM is an affiliate of Aegon NV.

Certain officers and trustees of the Funds are also officers and/or trustees of TAM. No interested trustee, who is deemed an interested person due to current or former service with TAM or an affiliate of TAM, receives compensation from the Funds.

Investment management fees: TAM serves as the Funds’ investment manager, performing administration as well as investment advisory services. TAM renders investment advisory, supervisory, and administration services under an investment management agreement and each Fund pays a single management fee, which is reflected in Investment management fees within the Statements of Operations.

Transamerica ETF Trust Semi-Annual Report 2018

Page    50

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2018

(unaudited)

8. FEES AND OTHER AFFILIATED TRANSACTIONS (continued)

Each Fund pays a management fee to TAM based on daily Average Net Assets (“ANA”) at the following rates:

Fund	Rate
S&P 400 Managed Risk		0.45	%
S&P 500 Managed Risk		0.35
S&P 600 Managed Risk		0.45
S&P International Managed Risk		0.50

From time to time, TAM may waive all or a portion of its management fee, TAM pays all expenses of each Fund other than the investment management fee, distribution fee pursuant to each Fund’s distribution and service plan, if any, brokerage expenses, taxes, interest, litigation expenses, fees and expenses related to securities lending services, costs of borrowing money, acquired fund fees and expenses and other extraordinary expenses. TAM also currently pays fees and expenses of the Trust’s chief compliance officer and independent trustees (including any, independent trustee counsel fees); however, these fees may be charged to each Fund in the future.

Distribution and service fees: The Trust has a distribution plan (“Distribution Plan”) pursuant to Rule 12b-1 under the 1940 Act. Payments at an annual rate of up to 0.25% of each Fund’s average daily net assets may be made for the sale and distribution of capital shares. No payments, pursuant to the Distribution Plan, will be made through at least April 30, 2019. Additionally, the implementation of any such payments would be approved by the Board prior to implementation.

The Trust has entered into a distribution agreement with Foreside Fund Services, LLC as the Funds’ distributor. The Distributor will not distribute Fund shares in less than creation units, and does not maintain a secondary market in Fund shares. The Distributor may enter into selected dealer agreements with other broker-dealers or other qualified financial institutions for the sale of creation units of Fund shares.

Brokerage commissions: The Funds incurred no brokerage commissions on security transactions placed with affiliates of the adviser or sub-adviser for the period ended June 30, 2018.

9. PURCHASES AND SALES OF SECURITIES

For the period ended June 30, 2018, the cost of securities purchased and proceeds from securities sold (excluding in-kind transactions and short-term securities) are as follows:

	Purchases of Securities				Sales/Maturities of Securities
Fund	Long-Term		U.S. Government		Long-Term		U.S. Government
S&P 400 Managed Risk	$	86,799,504	$	157,558,483	$	102,188,148	$	157,067,638
S&P 500 Managed Risk		387,014,874		590,991,643		392,341,121		589,252,595
S&P 600 Managed Risk		35,266,195		70,993,772		45,812,342		70,773,718
S&P International Managed Risk		35,890,131		32,847,914		36,099,696		32,707,514

For the period ended June 30, 2018, the cost of in-kind purchases and proceeds from in-kind sales are as follows:

Fund	Purchases of Securities		Sales/Maturities of Securities
S&P 400 Managed Risk	$	36,218,761	$	44,563,109
S&P 500 Managed Risk		34,764,570		27,706,221
S&P 600 Managed Risk		27,796,581		39,027,215
S&P International Managed Risk		7,388,613		21,880,116

10. CAPITAL SHARE TRANSACTIONS

The Funds will issue or redeem capital shares to certain institutional investors (typically market makers or other broker-dealers) only in large blocks of 50,000 capital shares (“Creation Units”). Creation Unit transactions are typically conducted in exchange for the deposit or delivery of a designated portfolio of in-kind securities and/or cash constituting a substantial replication, or a representation, of the securities included in each Fund’s Underlying Index.

Individual capital shares may only be purchased and sold on a national securities exchange, electronic crossing networks and other alternative trading systems through a broker-dealer at market prices. Because capital shares trade at market prices rather than at NAV, capital shares may trade at a price greater than NAV (premium) or less than NAV (discount). Transactions in capital shares for each Fund are disclosed in detail within the Statements of Changes in Net Assets.

Transamerica ETF Trust Semi-Annual Report 2018

Page    51

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2018

(unaudited)

11. FEDERAL INCOME TAXES AND DISTRIBUTIONS TO SHAREHOLDERS

The Funds have not made any provision for federal income or excise taxes due to their policy to distribute all of their taxable income and capital gains to their shareholders and otherwise qualify as regulated investment companies under Subchapter M of the Internal Revenue Code. The Funds recognize the tax benefits of uncertain tax positions only where the position is “more likely than not” to be sustained assuming examination by tax authorities. The Funds’ tax returns remain subject to examination by the Internal Revenue Service and state tax authorities three years from the date of filing for federal purposes and four years from the date of filing for state purposes. Management has evaluated the Funds’ tax provisions taken for all open tax years, and has concluded that no provision for income tax is required in the Funds’ financial statements. If applicable, the Funds recognize interest accrued related to unrecognized tax benefits in relation to interest and penalties expense in Other within the Statements of Operations. The Funds identify their major tax jurisdictions as U.S. Federal, the state of Colorado, and foreign jurisdictions where the Funds make significant investments; however, the Funds are not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

As of June 30, 2018, the approximate cost for U.S. federal income tax purposes, and the aggregate gross/net unrealized appreciation (depreciation) in the value of investments (including securities sold short and derivatives, if any) were as follows:

Fund	Cost		Gross Appreciation		Gross (Depreciation)			Net Appreciation (Depreciation)
S&P 400 Managed Risk	$	106,854,248	$	6,572,536	$	(2,100,849	)	$	4,471,687
S&P 500 Managed Risk		402,380,364		22,881,323		(6,960,392	)		15,920,931
S&P 600 Managed Risk		40,571,843		2,004,099		(739,587	)		1,264,512
S&P International Managed Risk		224,218,513		14,399,303		(13,223,796	)		1,175,507

Transamerica ETF Trust Semi-Annual Report 2018

Page    52

PROXY VOTING POLICIES AND PROCEDURES AND QUARTERLY PORTFOLIO HOLDINGS

(unaudited)

A description of the Transamerica ETF Trust’s proxy voting policies and procedures is available in the Statements of Additional Information of the Funds, available without charge upon request by calling 1-888-316-8077 (toll free) or on the Securities and Exchange Commission’s (“SEC”) website at http://www.sec.gov.

In addition, the Funds are required to file Form N-PX, with their complete proxy voting records for the 12 months ended June 30th, no later than August 31st of each year. The Form is available without charge: (1) from the Funds, upon request by calling 1-888-316-8077; and (2) on the SEC’s website at http://www.sec.gov.

The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarter of each fiscal year on Form N-Q, which is available on the SEC’s website at http://www.sec.gov. The Funds’ Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

You may also visit the Trust’s website at www.deltashares.com for this and other information about the Funds and the Trust.

Important Notice Regarding Delivery of Shareholder Documents

Every year we send shareholders informative materials such as the Transamerica ETF Trust’s Annual Report, the Transamerica ETF Trust’s Prospectus, and other required documents that keep you informed regarding your Funds. The Trust will only send one piece per mailing address, a method that saves your Funds’ money by reducing mailing and printing costs. We will continue to do this unless you tell us not to. To elect to receive individual mailings, simply call a Transamerica Customer Service Representative toll free at 1-888-316-8077, 8 a.m. to 7 p.m. Eastern Time, Monday-Friday. Your request will take effect within 30 days.

Premium/Discount Information

Information about differences between the per share net asset value of each Fund and the closing price of shares of each Fund are available, without charge, at www.deltashares.com.

Transamerica ETF Trust Semi-Annual Report 2018

Page    53

NOTICE OF PRIVACY POLICY

(unaudited)

Your privacy is very important to us. We want you to understand what information we collect and how we use it. We collect and use “nonpublic personal information” in connection with providing our customers with a broad range of financial products and services as effectively and conveniently as possible. We treat nonpublic personal information in accordance with our Privacy Policy.

What Information We Collect and From Whom We Collect It

We may collect nonpublic personal information about you from the following sources:

• Information we receive from you on applications or other forms, such as your name, address, and account number;

• Information about your transactions with us, our affiliates, or others, such as your account balance and purchase/redemption history; and

• Information we receive from non-affiliated third parties, including consumer reporting agencies.

What Information We Disclose and To Whom We Disclose It

We do not disclose any nonpublic personal information about current or former customers to anyone without their express consent, except as permitted by law. We may disclose the nonpublic personal information we collect, as described above, to persons or companies that perform services on our behalf and to other financial institutions with which we have joint marketing agreements. We will require these companies to protect the confidentiality of your nonpublic personal information and to use it only to perform the services for which we have hired them.

Our Security Procedures

We restrict access to your nonpublic personal information and only allow disclosures to persons and companies as permitted by law to assist in providing products or services to you. We maintain physical, electronic, and procedural safeguards to protect your nonpublic personal information and to safeguard the disposal of certain consumer information.

If you have any questions about our Privacy Policy, please call 1-888-316-8077 on any business day between 8 a.m. and 7 p.m. Eastern Time.

Note:        This Privacy Policy applies only to customers that have a direct relationship with us or our affiliates. If you own shares of our funds in the name of a third party such as a bank or broker-dealer, its privacy policy may apply to you instead of ours.

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Page    54

Customer Service: 1-888-316-8077

1801 California St., Suite 5200 Denver, CO 80202

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The Transamerica ETF Trust is advised by Transamerica Asset Management, Inc. and distributed by Foreside Fund Services, LLC.

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Item 2: Code of Ethics.

Not applicable for semi-annual reports

Item 3: Audit Committee Financial Experts.

Not applicable for semi-annual reports.

Item 4: Principal Accountant Fees and Services.

Not applicable for semi-annual reports.

Item 5: Audit Committee of Listed Registrants.

Not applicable for semi-annual reports.

Item 6: Schedule of Investments.

(a) The schedules of investments and consolidated schedules of investments are included in the Semi-Annual Report to shareholders filed under Item 1 of this Form N-CSR.

(b) Not applicable.

Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8: Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable

Item 10: Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees that have been implemented since the Registrant last provided disclosure in response to the requirements of this Item.

Item 11: Controls and Procedures.

(a) The Registrant’s principal executive officer and principal financial officer evaluated the Registrant’s disclosure controls and procedures within 90 days of this filing and have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule

30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are appropriately designed to ensure that information required to be disclosed by the Registrant in the reports that it files on Form N-CSR (a) is accumulated and communicated to Registrant’s management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission.

(b) The Registrant’s principal executive officer and principal financial officer are aware of no change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable

Item 13: Exhibits.

(a)(1) Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit. Not applicable.

(a)(2) Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. Separate certifications for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the 1940 Act, are attached.

(a)(3) Any written solicitation to purchase securities under Rule 23c 1 under the Act sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons. Not applicable.

(a)(4) Change in the registrant’s independent public accountant. Not applicable.

(b) Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. A certification for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(b) under the 1940 Act, is attached. The certification furnished pursuant to this paragraph is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to liability of that section. Such certification is not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates it by reference.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Transamerica ETF Trust

(Registrant)

By:	/s/ Marijn P. Smit
	Marijn P. Smit President and Chief Executive Officer (Principal Executive Officer)
Date:	September 4, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:	/s/ Marijn P. Smit
	Marijn P. Smit President and Chief Executive Officer (Principal Executive Officer)
Date:	September 4, 2018

By:	/s/ Vincent J. Toner
	Vincent J. Toner Vice President and Treasurer (Principal Financial Officer)
Date:	September 4, 2018

EXHIBIT INDEX

Exhibit No.	Description of Exhibit
13(a)(2)(i)	Section 302 N-CSR Certification of Principal Executive Officer
13(a)(2)(ii)	Section 302 N-CSR Certification of Principal Financial Officer
13(b)	Section 906 N-CSR Certification of Principal Executive Officer and Principal Financial Officer