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

As filed with the Securities and Exchange Commission on September 4, 2019

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORMN-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:1-888-316-8077

Rhonda A. Mills, 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: June 30, 2019

Item 1: Report(s) to Shareholders.

The Semi-Annual Report is attached.

TRANSAMERICA ETF TRUST

SEMI-ANNUAL REPORT

JUNE 30, 2019

Beginning January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, the funds intend to no longer mail paper copies of the funds’ shareholder reports unless you specifically request paper copies of the reports from your financial intermediary (such as a broker-dealer or bank). Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically (“e-delivery”), you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a fund electronically anytime by contacting your financial intermediary.

You may elect to receive all future reports in paper free of charge. Please contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. Your election to receive reports in paper will apply to all Transamerica funds held in your account.

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 EM 100 & Managed Risk ETF	25
DeltaShares® S&P International Managed Risk ETF	28
Statements of Assets and Liabilities	40
Statements of Operations	41
Statements of Changes in Net Assets	42
Financial Highlights	44
Notes to Financial Statements	47
Approval of Management and Sub-Advisory Agreements	59
Liquidity Risk Management Program	62
Proxy Voting Policies and Procedures and Quarterly Portfolio Holdings	63
Notice of Privacy Policy	64

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 2019

Dear Shareholder,

On behalf of DeltaShares by Transamerica, 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 professional 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) (“ETFs”) during the fiscal 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 ETFs for thesix-month period ended June 30, 2019.

We believe it is important to understand market conditions over the six-month period ended June 30, 2019, to provide a context for reading this report. The period began with markets seeking to recover from a brutalyear-end selloff in which stock prices plummeted and credit spreads widened considerably. Topping the list of investor concerns was fear of the U.S. Federal Reserve (“Fed”) raising interest rates into a slowing economy, the U.S./China trade dispute and the threat of additional tariffs between the two nations, weaker than expected economic data and forecasts for declining corporate earnings growth during the upcoming year. Markets quickly began to recover during January when the Fed indicated it would take a more patient approach to monetary policy and that further rate hikes were likely on hold. As a result, stocks moved higher and corporate bond yields fell into the spring months.

Declining treasury yields as well as the Fed’s new perspective on monetary policy, combined with some weakness in economic data and persistently low rates of inflation, began to spark speculation that rate cuts could be on the horizon. This created more conjecture during the period that the market could be headed toward a “Goldilocks” scenario in which the economy will not be too hot or too cold, the Fed would be more market friendly and modest earnings growth could be achieved. Optimism was further encouraged by first quarter gross domestic product (“GDP”) growth of 3.10% which was above most estimates. By the end of April, the S&P 500^® had reached new record highs, fully recovering from the previous December’s selloff.

Volatility returned to the markets in early May when, to the surprise of many investors, the U.S. and China failed to come to terms on a trade agreement, and, therefore, additional tariffs were imposed on Chinese produced goods followed by retaliatory tariffs implemented by China. This led to an immediate decline in stocks, and as longer-term Treasury yields dropped on concerns of negative impacts stemming from the tariffs and the ongoing trade dispute, the yield curve inverted as the10-year Treasury yield fell below thethree-month yield. This provoked further concerns of economic slowing, as inverted yield curves have often preceded recessions. By early June, the10-year Treasury yield had fallen to 2.07%, more than 70 basis points lower than where it began the year.

The Fed then began to signal its apparent willingness to ease monetary policy and in Chairman Powell’s words, “act as appropriate to sustain the expansion,” and in the days to follow, expectations of rate cuts in the second half of the year rose dramatically. During the final days of June, Presidents Trump and Xi Jinping of China met at the G20 summit in Japan where trade relations were discussed. Further tariffs were averted, but no formal resolution was reached. However, the combination of anticipated action by the Fed and ongoing dialogue with China allowed stocks to close out the period having reversed their May losses and achieved near record highs. Credit spreads narrowed once again as both high yield and investment grade bond indexes closed out the first half of the year with strong returns. International developed and emerging market equities also posted gains for the period, however, due to slowing rates of global growth, their returns lagged stocks in the U.S.

For thesix-month period ended June 30, 2019, the S&P 500^® returned 18.54%, while the MSCI EAFE Index, representing international developed market equities, returned 14.49%. During the same period, the Bloomberg Barclays U.S. Aggregate Bond Index returned 6.11%. 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 financial 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 New York Stock Exchange or NASDAQ 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 the 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 the Transamerica ETF Trust. Investing involves risk, including potential loss of principal. The performance data presented represents past performance and does not guarantee future results. 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.

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, 2019, and held for the entiresix-month period until June 30, 2019.

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 Fund 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.

			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	$	1,093.00	$	2.34		$	1,022.60	$	2.26			0.45	%
DeltaShares® S&P 500 Managed Risk ETF		1,000.00		1,121.00		1.84			1,023.10		1.76			0.35
DeltaShares® S&P 600 Managed Risk ETF		1,000.00		1,065.90		2.31			1,022.60		2.26			0.45
DeltaShares® S&P EM 100 & Managed Risk ETF		1,000.00		998.50		1.69	(C)		1,021.80		3.01	(C)		0.60
DeltaShares® S&P International Managed Risk ETF		1,000.00		1,113.50		2.62			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).
(C)	Fund commenced operations on March 20, 2019. Actual expenses are calculated using the 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 (103 days), and divided by the number of days in the year (365 days). For comparability purposes, hypothetical expenses assume that the Fund was in operation for the entiresix-month period ended June 30, 2019. Thus, the hypothetical expenses are calculated using the 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 2019

Page    2

Schedules of Investments Composition

At June 30, 2019

(unaudited)

DeltaShares® S&P 400 Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		85.0	%
U.S. Government Obligation		14.2
Other Investment Company		3.2
Repurchase Agreement		0.8
Net Other Assets (Liabilities)^		(3.2	)
Total		100.0	%
DeltaShares® S&P 500 Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		99.1	%
Repurchase Agreement		0.9
Other Investment Company		0.2
Net Other Assets (Liabilities)^		(0.2	)
Total		100.0	%
DeltaShares® S&P 600 Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		72.0	%
U.S. Government Obligation		27.5
Other Investment Company		3.4
Repurchase Agreement		0.8
Contingent Value Right		0.0
Net Other Assets (Liabilities)^		(3.7	)
Total		100.0	%

DeltaShares® S&P EM 100 & Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		86.5	%
U.S. Government Obligation		12.1
Other Investment Company		1.0
Preferred Stocks		0.6
Net Other Assets (Liabilities)^		(0.2	)
Total		100.0	%
DeltaShares® S&P International Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		98.2	%
Other Investment Company		3.2
Repurchase Agreement		1.1
Preferred Stocks		0.4
Right		0.0
Net Other Assets (Liabilities)^		(2.9	)
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 2019

Page    3

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 85.0%
Aerospace & Defense - 1.0%
Axon Enterprise, Inc.(A)		2,853		$  183,191
Curtiss-Wright Corp.		2,064		262,396
Teledyne Technologies, Inc.(A)		1,748		478,725
				924,312
Air Freight & Logistics - 0.3%
XPO Logistics, Inc.(A)		4,437		256,503
Airlines - 0.3%
JetBlue Airways Corp.(A)		14,521		268,493
Auto Components - 0.9%
Adient PLC		4,197		101,861
Dana, Inc.		6,944		138,463
Delphi Technologies PLC		4,244		84,880
Gentex Corp.		12,332		303,491
Goodyear Tire & Rubber Co.		11,217		171,620
Visteon Corp.(A) (B)		1,364		79,903
				880,218
Automobiles - 0.2%
Thor Industries, Inc.		2,524		147,528
Banks - 6.1%
Associated Banc-Corp.		7,908		167,175
BancorpSouth Bank		4,437		128,851
Bank of Hawaii Corp.		1,978		163,996
Bank OZK		5,833		175,515
Cathay General Bancorp		3,685		132,328
Chemical Financial Corp.		3,452		141,912
Commerce Bancshares, Inc.		4,745		283,087
Cullen/Frost Bankers, Inc.		3,044		285,101
East West Bancorp, Inc.		7,023		328,466
First Financial Bankshares, Inc.(B)		6,548		201,613
First Horizon National Corp.		15,216		227,175
FNB Corp.		15,669		184,424
Fulton Financial Corp.		8,145		133,334
Hancock Whitney Corp.		4,136		165,688
Home BancShares, Inc.		7,457		143,622
International Bancshares Corp.		2,629		99,140
PacWest Bancorp		5,734		222,651
Pinnacle Financial Partners, Inc.		3,490		200,605
Prosperity Bancshares, Inc.		3,202		211,492
Signature Bank		2,658		321,193
Sterling Bancorp		10,111		215,162
Synovus Financial Corp.		7,599		265,965
TCF Financial Corp.		7,922		164,698
Texas Capital Bancshares, Inc.(A)		2,426		148,884
Trustmark Corp.		3,124		103,873
UMB Financial Corp.		2,131		140,262
Umpqua Holdings Corp.		10,638		176,484
United Bankshares, Inc.		4,927		182,742
Valley National Bancorp		16,007		172,556
Webster Financial Corp.		4,446		212,385
Wintrust Financial Corp.		2,734		200,019
				5,900,398
Beverages - 0.2%
Boston Beer Co., Inc., Class A(A)		422		159,415
Biotechnology - 0.6%
Exelixis, Inc.(A)		14,560		311,147
Ligand Pharmaceuticals, Inc.(A)		946		107,986

	Shares		Value
COMMON STOCKS (continued)
Biotechnology (continued)
United Therapeutics Corp.(A)		2,114		$   165,019
				584,152
Building Products - 0.8%
Lennox International, Inc.		1,703		468,325
Resideo Technologies, Inc.(A)		5,920		129,767
Trex Co., Inc.(A)		2,823		202,409
				800,501
Capital Markets - 2.2%
Eaton Vance Corp.		5,504		237,388
Evercore, Inc., Class A		1,981		175,457
FactSet Research Systems, Inc.		1,845		528,703
Federated Investors, Inc., Class B		4,639		150,767
Interactive Brokers Group, Inc., Class A		3,623		196,367
Janus Henderson Group PLC		7,910		169,274
Legg Mason, Inc.		4,178		159,934
SEI Investments Co.		6,182		346,810
Stifel Financial Corp.		3,414		201,631
				2,166,331
Chemicals - 2.3%
Ashland Global Holdings, Inc.		3,027		242,069
Cabot Corp.		2,821		134,590
Chemours Co.		7,911		189,864
Ingevity Corp.(A)		2,019		212,338
Minerals Technologies, Inc.		1,700		90,967
NewMarket Corp.		421		168,796
Olin Corp.		7,954		174,272
PolyOne Corp.		3,755		117,870
RPM International, Inc.		6,324		386,460
ScottsMiracle-Gro Co.		1,900		187,150
Sensient Technologies Corp.		2,042		150,046
Valvoline, Inc.		9,080		177,332
				2,231,754
Commercial Services & Supplies - 1.2%
Brink’s Co.		2,406		195,319
Clean Harbors, Inc.(A)		2,453		174,408
Deluxe Corp.		2,106		85,630
Healthcare Services Group, Inc.(B)		3,574		108,364
Herman Miller, Inc.		2,838		126,859
HNI Corp.		2,091		73,979
MSA Safety, Inc.		1,699		179,058
Stericycle, Inc.(A)		4,129		197,160
				1,140,777
Communications Equipment - 1.0%
Ciena Corp.(A)		6,906		284,044
InterDigital, Inc.		1,531		98,597
Lumentum Holdings, Inc.(A)		3,686		196,869
NetScout Systems, Inc.(A)		3,364		85,412
Plantronics, Inc.		1,583		58,634
ViaSat, Inc.(A)		2,748		222,093
				945,649
Construction & Engineering - 1.3%
AECOM(A)		7,592		287,357
Dycom Industries, Inc.(A)		1,519		89,423
EMCOR Group, Inc.		2,706		238,399
Fluor Corp.		6,751		227,441

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    4

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Construction & Engineering (continued)
Granite Construction, Inc.		2,259		$   108,839
MasTec, Inc.(A)		2,981		153,611
Valmont Industries, Inc.		1,055		133,785
				1,238,855
Construction Materials - 0.2%
Eagle Materials, Inc.		2,129		197,358
Consumer Finance - 0.5%
Green Dot Corp., Class A(A)		2,308		112,861
Navient Corp.		10,276		140,268
SLM Corp.		20,857		202,730
				455,859
Containers & Packaging - 1.0%
AptarGroup, Inc.		3,049		379,113
Greif, Inc., Class A		1,267		41,241
Owens-Illinois, Inc.		7,490		129,352
Silgan Holdings, Inc.		3,754		114,872
Sonoco Products Co.		4,827		315,396
				979,974
Distributors - 0.4%
Pool Corp.		1,919		366,529
Diversified Consumer Services - 0.8%
Adtalem Global Education, Inc.(A)		2,730		122,986
Graham Holdings Co., Class B		210		144,906
Service Corp. International		8,793		411,337
Sotheby’s(A)		1,597		92,834
Weight Watchers International, Inc.(A)		1,875		35,812
				807,875
Electric Utilities - 1.3%
ALLETE, Inc.		2,491		207,276
Hawaiian Electric Industries, Inc.		5,256		228,899
IDACORP, Inc.		2,431		244,145
OGE Energy Corp.		9,658		411,045
PNM Resources, Inc.		3,843		195,647
				1,287,012
Electrical Equipment - 1.1%
Acuity Brands, Inc.		1,925		265,477
EnerSys		2,068		141,658
Hubbell, Inc.		2,630		342,952
nVent Electric PLC		7,669		190,114
Regal Beloit Corp.		2,066		168,813
				1,109,014
Electronic Equipment, Instruments & Components - 3.5%
Arrow Electronics, Inc.(A)		4,088		291,352
Avnet, Inc.		5,129		232,190
Belden, Inc.		1,904		113,421
Cognex Corp.		8,268		396,699
Coherent, Inc.(A)		1,167		159,144
Jabil, Inc.		6,712		212,099
Littelfuse, Inc.		1,193		211,054
National Instruments Corp.		5,408		227,082
SYNNEX Corp.		2,002		196,997
Tech Data Corp.(A)		1,760		184,096
Trimble, Inc.(A)		12,141		547,680
Vishay Intertechnology, Inc.		6,385		105,480

	Shares		Value
COMMON STOCKS (continued)
Electronic Equipment, Instruments & Components (continued)
Zebra Technologies Corp., Class A(A)		2,604		$   545,512
				3,422,806
Energy Equipment & Services - 0.8%
Apergy Corp.(A)		3,734		125,238
Core Laboratories NV		2,140		111,879
Ensco Rowan PLC, Class A(B)		9,499		81,026
McDermott International, Inc.(A) (B)		8,765		84,670
Oceaneering International, Inc.(A)		4,773		97,322
Patterson-UTI Energy, Inc.		10,062		115,814
Transocean, Ltd.(A) (B)		24,494		157,007
				772,956
Entertainment - 0.8%
Cinemark Holdings, Inc.		5,142		185,626
Live Nation Entertainment, Inc.(A)		6,739		446,459
World Wrestling Entertainment, Inc., Class A		2,107		152,146
				784,231
Equity Real Estate Investment Trusts - 8.3%
Alexander & Baldwin, Inc.		3,272		75,583
American Campus Communities, Inc.		6,623		305,718
Brixmor Property Group, Inc.		14,378		257,079
Camden Property Trust		4,665		486,979
CoreCivic, Inc.		5,745		119,266
CoreSite Realty Corp.		1,780		205,003
Corporate Office Properties Trust		5,400		142,398
Cousins Properties, Inc.		7,011		253,588
CyrusOne, Inc.		5,461		315,209
Douglas Emmett, Inc.		7,805		310,951
EastGroup Properties, Inc.		1,773		205,633
EPR Properties		3,643		271,731
First Industrial Realty Trust, Inc.		6,103		224,224
Geo Group, Inc.		5,848		122,866
Healthcare Realty Trust, Inc.		6,235		195,280
Highwoods Properties, Inc.		5,003		206,624
Hospitality Properties Trust		7,934		198,350
JBG SMITH Properties		5,823		229,077
Kilroy Realty Corp.		4,872		359,602
Lamar Advertising Co., Class A		4,129		333,252
Liberty Property Trust		7,154		357,986
Life Storage, Inc.		2,250		213,930
Mack-Cali Realty Corp.		4,359		101,521
Medical Properties Trust, Inc.		19,031		331,901
National Retail Properties, Inc.		7,849		416,075
Omega Healthcare Investors, Inc.		10,351		380,399
Pebblebrook Hotel Trust		6,303		177,619
PotlatchDeltic Corp.		3,261		127,114
PS Business Parks, Inc.		966		162,800
Rayonier, Inc.		6,255		189,527
Sabra Health Care, Inc.		8,661		170,535
Senior Housing Properties Trust		11,470		94,857
Tanger Factory Outlet Centers, Inc.(B)		4,540		73,593
Taubman Centers, Inc.		2,951		120,489
Uniti Group, Inc.		8,885		84,408
Urban Edge Properties		5,810		100,687
Weingarten Realty Investors		5,773		158,296
				8,080,150

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    5

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Food & Staples Retailing - 0.4%
Casey’s General Stores, Inc.		1,767		$   275,634
Sprouts Farmers Market, Inc.(A)		5,691		107,503
				383,137
Food Products - 1.4%
Flowers Foods, Inc.		8,876		206,545
Hain Celestial Group, Inc.(A)		4,322		94,652
Ingredion, Inc.		3,218		265,453
Lancaster Colony Corp.		942		139,981
Post Holdings, Inc.(A)		3,219		334,679
Sanderson Farms, Inc.		941		128,503
Tootsie Roll Industries, Inc.(B)		913		33,717
TreeHouse Foods, Inc.(A)		2,709		146,557
				1,350,087
Gas Utilities - 1.6%
National Fuel Gas Co.		4,164		219,651
New Jersey Resources Corp.		4,305		214,260
ONE Gas, Inc.		2,542		229,542
Southwest Gas Holdings, Inc.		2,576		230,861
Spire, Inc.		2,448		205,436
UGI Corp.		8,404		448,858
				1,548,608
Health Care Equipment & Supplies - 3.3%
Avanos Medical, Inc.(A)		2,292		99,954
Cantel Medical Corp.		1,753		141,362
Globus Medical, Inc., Class A(A)		3,694		156,256
Haemonetics Corp.(A)		2,471		297,360
Hill-Rom Holdings, Inc.		3,222		337,086
ICU Medical, Inc.(A)		806		203,039
Inogen, Inc.(A)		868		57,948
Integra LifeSciences Holdings Corp.(A)		3,423		191,174
LivaNova PLC(A)		2,331		167,739
Masimo Corp.(A)		2,368		352,406
NuVasive, Inc.(A)		2,503		146,526
STERIS PLC(A)		4,080		607,430
West Pharmaceutical Services, Inc.		3,546		443,782
				3,202,062
Health Care Providers & Services - 2.0%
Acadia Healthcare Co., Inc.(A) (B)		4,280		149,586
Amedisys, Inc.(A)		1,407		170,824
Chemed Corp.		769		277,486
Convetrus, Inc.(A) (B)		4,635		113,372
Encompass Health Corp.		4,770		302,227
HealthEquity, Inc.(A)		2,633		172,198
MEDNAX, Inc.(A)		4,175		105,335
Molina Healthcare, Inc.(A)		3,021		432,426
Patterson Cos., Inc.		3,995		91,486
Tenet Healthcare Corp.(A)		4,031		83,280
				1,898,220
Health Care Technology - 0.4%
Allscripts Healthcare Solutions, Inc.(A)		8,031		93,401
Medidata Solutions, Inc.(A)		3,004		271,892
				365,293
Hotels, Restaurants & Leisure - 3.6%
Boyd Gaming Corp.		3,855		103,854
Brinker International, Inc.		1,809		71,184

	Shares		Value
COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
Caesars Entertainment Corp.(A)		28,239		$   333,785
Cheesecake Factory, Inc.(B)		2,007		87,746
Churchill Downs, Inc.		1,707		196,424
Cracker Barrel Old Country Store, Inc.(B)		1,160		198,047
Domino’s Pizza, Inc.		1,983		551,829
Dunkin’ Brands Group, Inc.		3,988		317,684
Eldorado Resorts, Inc.(A) (B)		3,140		144,660
International Speedway Corp., Class A		1,151		51,668
Jack in the Box, Inc.		1,245		101,331
Marriott Vacations Worldwide Corp.		1,882		181,425
Papa John’s International, Inc.(B)		1,089		48,700
Penn National Gaming, Inc.(A)		5,143		99,054
Scientific Games Corp., Class A(A)		2,690		53,316
Six Flags Entertainment Corp.		3,456		171,694
Texas Roadhouse, Inc.		3,223		172,978
Wendy’s Co.		8,794		172,187
Wyndham Destinations, Inc.		4,517		198,296
Wyndham Hotels & Resorts, Inc.		4,694		261,644
				3,517,506
Household Durables - 1.4%
Helen of Troy, Ltd.(A)		1,207		157,622
KB Home		4,079		104,953
NVR, Inc.(A)		163		549,351
Tempur Sealy International, Inc.(A)		2,218		162,735
Toll Brothers, Inc.		6,386		233,855
TRI Pointe Group, Inc.(A)		6,862		82,138
Tupperware Brands Corp.		2,352		44,758
				1,335,412
Household Products - 0.1%
Energizer Holdings, Inc.(B)		3,068		118,548
Industrial Conglomerates - 0.4%
Carlisle Cos., Inc.		2,753		386,549
Insurance - 4.5%
Alleghany Corp.(A)		697		474,734
American Financial Group, Inc.		3,419		350,345
Brighthouse Financial, Inc.(A)		5,588		205,024
Brown & Brown, Inc.		11,295		378,382
CNO Financial Group, Inc.		7,720		128,770
First American Financial Corp.		5,409		290,463
Genworth Financial, Inc., Class A(A)		24,285		90,097
Hanover Insurance Group, Inc.		1,964		251,981
Kemper Corp.		3,015		260,164
Mercury General Corp.		1,309		81,813
Old Republic International Corp.		13,740		307,501
Primerica, Inc.		2,043		245,058
Reinsurance Group of America, Inc.		3,018		470,899
RenaissanceRe Holdings, Ltd.		2,131		379,339
WR Berkley Corp.		6,980		460,191
				4,374,761
Interactive Media & Services - 0.2%
Cars.com, Inc.(A)		2,958		58,332
Yelp, Inc.(A)		3,430		117,237
				175,569
IT Services - 2.7%
CACI International, Inc., Class A(A)		1,200		245,508
CoreLogic, Inc.(A)		3,893		162,844

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    6

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
IT Services (continued)
KBR, Inc.		6,826		$   170,241
Leidos Holdings, Inc.		6,958		555,596
LiveRamp Holdings, Inc.(A)		3,328		161,341
MAXIMUS, Inc.		3,079		223,351
Perspecta, Inc.		6,752		158,064
Sabre Corp.		13,255		294,261
Science Applications International Corp.		2,456		212,591
WEX, Inc.(A)		2,087		434,305
				2,618,102
Leisure Products - 0.7%
Brunswick Corp.		4,201		192,784
Mattel, Inc.(A) (B)		16,667		186,837
Polaris Industries, Inc.		2,770		252,707
				632,328
Life Sciences Tools & Services - 1.5%
Bio-Rad Laboratories, Inc., Class A(A)		967		302,274
Bio-Techne Corp.		1,827		380,911
Charles River Laboratories International, Inc.(A)		2,352		333,749
PRA Health Sciences, Inc.(A)		2,851		282,677
Syneos Health, Inc.(A)		2,954		150,920
				1,450,531
Machinery - 4.4%
AGCO Corp.		3,112		241,398
Colfax Corp.(A)		4,594		128,770
Crane Co.		2,456		204,929
Donaldson Co., Inc.		6,153		312,942
Graco, Inc.		8,034		403,146
IDEX Corp.		3,653		628,827
ITT, Inc.		4,236		277,373
Kennametal, Inc.		3,975		147,035
Lincoln Electric Holdings, Inc.		3,030		249,430
Nordson Corp.		2,495		352,568
Oshkosh Corp.		3,373		281,612
Terex Corp.		3,023		94,922
Timken Co.		3,305		169,679
Toro Co.		5,135		343,531
Trinity Industries, Inc.		6,265		129,999
Woodward, Inc.		2,697		305,192
				4,271,353
Marine - 0.2%
Kirby Corp.(A)		2,601		205,479
Media - 1.0%
AMC Networks, Inc., Class A(A)		2,187		119,170
Cable One, Inc.		239		279,866
John Wiley & Sons, Inc., Class A		2,174		99,700
Meredith Corp.(B)		1,933		106,431
New York Times Co., Class A		6,855		223,610
TEGNA, Inc.		10,439		158,151
				986,928
Metals & Mining - 1.7%
Allegheny Technologies, Inc.(A)		6,081		153,241
Carpenter Technology Corp.		2,286		109,682
Commercial Metals Co.		5,690		101,566
Compass Minerals International, Inc.		1,635		89,843
Reliance Steel & Aluminum Co.		3,244		306,947
Royal Gold, Inc.		3,161		323,971

	Shares		Value
COMMON STOCKS (continued)
Metals & Mining (continued)
Steel Dynamics, Inc.		10,723		$   323,835
U.S. Steel Corp.(B)		8,318		127,349
Worthington Industries, Inc.		1,880		75,689
				1,612,123
Multi-Utilities - 0.6%
Black Hills Corp.		2,621		204,883
MDU Resources Group, Inc.		9,557		246,571
NorthWestern Corp.		2,434		175,613
				627,067
Multiline Retail - 0.3%
Dillard’s, Inc., Class A(B)		860		53,561
Ollie’s Bargain Outlet Holdings, Inc.(A)		2,512		218,820
				272,381
Oil, Gas & Consumable Fuels - 1.9%
Callon Petroleum Co.(A) (B)		10,997		72,470
Chesapeake Energy Corp.(A) (B)		50,447		98,372
CNX Resources Corp.(A)		9,431		68,941
EQT Corp.		12,328		194,906
Equitrans Midstream Corp.(A)		9,843		194,005
Matador Resources Co.(A)		5,007		99,539
Murphy Oil Corp.		7,875		194,119
Oasis Petroleum, Inc.(A)		13,052		74,135
PBF Energy, Inc., Class A		5,783		181,008
QEP Resources, Inc.(A)		11,486		83,044
Range Resources Corp.(B)		10,058		70,205
SM Energy Co.		4,982		62,375
Southwestern Energy Co.(A)		26,111		82,511
World Fuel Services Corp.		3,245		116,690
WPX Energy, Inc.(A)		19,152		220,439
				1,812,759
Paper & Forest Products - 0.3%
Domtar Corp.		3,045		135,594
Louisiana-Pacific Corp.		5,956		156,166
				291,760
Personal Products - 0.2%
Edgewell Personal Care Co.(A)		2,612		70,393
Nu Skin Enterprises, Inc., Class A		2,677		132,030
				202,423
Pharmaceuticals - 0.5%
Catalent, Inc.(A)		7,031		381,151
Mallinckrodt PLC(A) (B)		4,044		37,124
Prestige Consumer Healthcare, Inc.(A)		2,499		79,168
				497,443
Professional Services - 0.7%
ASGN, Inc.(A)		2,548		154,409
Insperity, Inc.		1,811		221,195
ManpowerGroup, Inc.		2,886		278,788
				654,392
Real Estate Management & Development - 0.3%
Jones Lang LaSalle, Inc.		2,207		310,503
Road & Rail - 1.5%
Avis Budget Group, Inc.(A)		3,077		108,187
Genesee & Wyoming, Inc., Class A(A)		2,727		272,700
Knight-Swift Transportation Holdings, Inc.(B)		6,014		197,500

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    7

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Road & Rail (continued)
Landstar System, Inc.		1,938		$   209,285
Old Dominion Freight Line, Inc.		3,125		466,437
Ryder System, Inc.		2,572		149,948
Werner Enterprises, Inc.		2,091		64,988
				1,469,045
Semiconductors & Semiconductor Equipment - 3.1%
Cirrus Logic, Inc.(A)		2,804		122,535
Cree, Inc.(A)		5,078		285,282
Cypress Semiconductor Corp.		17,656		392,669
First Solar, Inc.(A)		3,660		240,389
MKS Instruments, Inc.		2,623		204,305
Monolithic Power Systems, Inc.		1,911		259,476
Semtech Corp.(A)		3,217		154,577
Silicon Laboratories, Inc.(A)		2,091		216,209
Synaptics, Inc.(A)		1,665		48,518
Teradyne, Inc.		8,270		396,216
Universal Display Corp.		2,050		385,523
Versum Materials, Inc.		5,271		271,878
				2,977,577
Software - 2.9%
ACI Worldwide, Inc.(A)		5,335		183,204
Blackbaud, Inc.		2,373		198,145
CDK Global, Inc.		5,869		290,163
CommVault Systems, Inc.(A)		1,851		91,847
Fair Isaac Corp.(A)		1,399		439,314
j2 Global, Inc.(B)		2,243		199,380
LogMeIn, Inc.		2,404		177,127
Manhattan Associates, Inc.(A)		3,117		216,102
PTC, Inc.(A)		4,996		448,441
Teradata Corp.(A)		5,650		202,552
Tyler Technologies, Inc.(A)		1,850		399,637
				2,845,912
Specialty Retail - 1.6%
Aaron’s, Inc.		3,265		200,504
American Eagle Outfitters, Inc.		7,894		133,409
AutoNation, Inc.(A)		2,755		115,545
Bed Bath & Beyond, Inc.(B)		6,373		74,054
Dick’s Sporting Goods, Inc.		3,258		112,824
Five Below, Inc.(A)		2,700		324,054
Michaels Cos., Inc.(A)		4,350		37,845
Murphy, Inc.(A)		1,444		121,339
Sally Beauty Holdings, Inc.(A)		5,818		77,612
Signet Jewelers, Ltd.		2,518		45,022
Urban Outfitters, Inc.(A)		3,309		75,280
Williams-Sonoma, Inc.(B)		3,802		247,130
				1,564,618
Technology Hardware, Storage & Peripherals - 0.2%
NCR Corp.(A)		5,795		180,225
Textiles, Apparel & Luxury Goods - 0.7%
Carter’s, Inc.		2,181		212,735
Deckers Outdoor Corp.(A)		1,406		247,414
Skechers U.S.A., Inc., Class A(A)		6,484		204,181
				664,330
Thrifts & Mortgage Finance - 0.5%
LendingTree, Inc.(A) (B)		360		151,211
New York Community Bancorp, Inc.		22,549		225,039

	Shares		Value
COMMON STOCKS (continued)
Thrifts & Mortgage Finance (continued)
Washington Federal, Inc.		3,881		$   135,563
				511,813
Trading Companies & Distributors - 0.6%
GATX Corp.		1,747		138,520
MSC Industrial Direct Co., Inc., Class A		2,170		161,144
NOW, Inc.(A)		5,246		77,431
Watsco, Inc.		1,555		254,289
				631,384
Water Utilities - 0.4%
Aqua America, Inc.(B)		10,409		430,620
Wireless Telecommunication Services - 0.1%
Telephone & Data Systems, Inc.		4,534		137,834
Total Common Stocks (Cost $78,291,456)				82,423,332
	Principal		Value
U.S. GOVERNMENT OBLIGATION - 14.2%
U.S. Treasury - 14.2%
U.S. Treasury Note 1.75%, 06/30/2024(C)		$  13,789,000		13,783,075
Total U.S. Government Obligation (Cost $13,779,874)				13,783,075
	Shares		Value
OTHER INVESTMENT COMPANY - 3.2%
Securities Lending Collateral - 3.2%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.33%(D)		3,146,033		3,146,033
Total Other Investment Company (Cost $3,146,033)				3,146,033
	Principal		Value
REPURCHASE AGREEMENT - 0.8%
Fixed Income Clearing Corp., 1.45% (D), dated 06/28/2019, to be repurchased at $749,886 on 07/01/2019. Collateralized by a U.S. Government Obligation, 1.13%, due 09/30/2021, and with a value of $766,678.		$  749,795		749,795
Total Repurchase Agreement (Cost $749,795)				749,795
Total Investments (Cost $95,967,158)				100,102,235
Net Other Assets (Liabilities) - (3.2)%				(3,110,112	)
Net Assets - 100.0%				$  96,992,123

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    8

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

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		4		09/20/2019	$	768,101	$	780,000	$	11,899	$	—

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	$	82,423,332	$	—	$	—	$	82,423,332
U.S. Government Obligation		—		13,783,075		—		13,783,075
Other Investment Company		3,146,033		—		—		3,146,033
Repurchase Agreement		—		749,795		—		749,795
Total Investments	$	85,569,365	$	14,532,870	$	—	$	100,102,235
Other Financial Instruments
Futures Contracts(F)	$	11,899	$	—	$	—	$	11,899
Total Other Financial Instruments	$	11,899	$	—	$	—	$	11,899

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 $3,068,743. 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)	When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after June 30, 2019. Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(D)	Rates disclosed reflect the yields at June 30, 2019.
(E)	There were no transfers in or out of Level 3 during thesix-month period ended June 30, 2019. 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 2019

Page    9

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 99.1%
Aerospace & Defense - 2.6%
Arconic, Inc.		6,862		$  177,177
Boeing Co.		8,993		3,273,542
General Dynamics Corp.		4,667		848,554
Huntington Ingalls Industries, Inc.		714		160,464
L3 Harris Technologies, Inc.		3,803		719,261
Lockheed Martin Corp.		4,225		1,535,957
Northrop Grumman Corp.		2,918		942,835
Raytheon Co.		4,787		832,364
Textron, Inc.		4,000		212,160
TransDigm Group, Inc.(A)		841		406,876
United Technologies Corp.		13,941		1,815,118
				10,924,308
Air Freight & Logistics - 0.5%
CH Robinson Worldwide, Inc.		2,347		197,969
Expeditors International of Washington, Inc.		2,956		224,242
FedEx Corp.		4,120		676,463
United Parcel Service, Inc., Class B		11,988		1,238,001
				2,336,675
Airlines - 0.4%
Alaska Air Group, Inc.		2,123		135,681
American Airlines Group, Inc.		6,804		221,878
Delta Air Lines, Inc.		10,239		581,063
Southwest Airlines Co.		8,400		426,552
United Continental Holdings, Inc.(A)		3,799		332,603
				1,697,777
Auto Components - 0.1%
Aptiv PLC		4,431		358,157
BorgWarner, Inc.		3,562		149,533
				507,690
Automobiles - 0.4%
Ford Motor Co.		67,349		688,980
General Motors Co.		22,671		873,514
Harley-Davidson, Inc.		2,734		97,959
				1,660,453
Banks - 5.4%
Bank of America Corp.		151,975		4,407,275
BB&T Corp.		13,164		646,747
Citigroup, Inc.		39,744		2,783,272
Citizens Financial Group, Inc.		7,878		278,566
Comerica, Inc.		2,650		192,496
Fifth Third Bancorp		12,497		348,666
First Republic Bank		2,832		276,545
Huntington Bancshares, Inc.		17,985		248,553
JPMorgan Chase & Co.		55,753		6,233,185
KeyCorp		17,329		307,590
M&T Bank Corp.		2,348		399,324
People’s United Financial, Inc.		6,778		113,735
PNC Financial Services Group, Inc.		7,759		1,065,156
Regions Financial Corp.		17,414		260,165
SunTrust Banks, Inc.		7,628		479,420
SVB Financial Group(A)		899		201,907
US Bancorp		25,720		1,347,728
Wells Fargo & Co.		69,518		3,289,592
Zions Bancorp NA		3,138		144,285
				23,024,207

	Shares		Value
COMMON STOCKS (continued)
Beverages - 1.8%
Brown-Forman Corp., Class B		2,859		$   158,474
Coca-Cola Co.		65,988		3,360,109
Constellation Brands, Inc., Class A		2,874		566,006
Molson Coors Brewing Co., Class B		3,227		180,712
Monster Beverage Corp.(A)		6,726		429,321
PepsiCo, Inc.		24,093		3,159,315
				7,853,937
Biotechnology - 2.2%
AbbVie, Inc.		25,408		1,847,670
Alexion Pharmaceuticals, Inc.(A)		3,854		504,797
Amgen, Inc.		10,483		1,931,807
Biogen, Inc.(A)		3,332		779,255
Celgene Corp.(A)		12,121		1,120,465
Gilead Sciences, Inc.		21,854		1,476,456
Incyte Corp.(A)		3,059		259,893
Regeneron Pharmaceuticals, Inc.(A)		1,352		423,176
Vertex Pharmaceuticals, Inc.(A)		4,402		807,239
				9,150,758
Building Products - 0.3%
A.O. Smith Corp.		2,426		114,410
Allegion PLC		1,615		178,538
Fortune Brands Home & Security, Inc.		2,404		137,341
Johnson Controls International PLC		13,677		564,997
Masco Corp.		5,045		197,966
				1,193,252
Capital Markets - 2.7%
Affiliated Managers Group, Inc.		880		81,083
Ameriprise Financial, Inc.		2,301		334,013
Bank of New York Mellon Corp.		15,140		668,431
BlackRock, Inc.		2,045		959,718
Cboe Global Markets, Inc.		1,920		198,970
Charles Schwab Corp.		20,420		820,680
CME Group, Inc.		6,152		1,194,165
E*TRADE Financial Corp.		4,205		187,543
Franklin Resources, Inc.		5,059		176,053
Goldman Sachs Group, Inc.		5,847		1,196,296
Intercontinental Exchange, Inc.		9,691		832,845
Invesco, Ltd.		6,885		140,867
MarketAxess Holdings, Inc.		648		208,280
Moody’s Corp.		2,835		553,704
Morgan Stanley		21,973		962,637
MSCI, Inc.		1,455		347,439
Nasdaq, Inc.		1,994		191,763
Northern Trust Corp.		3,741		336,690
Raymond James Financial, Inc.		2,172		183,643
S&P Global, Inc.		4,229		963,324
State Street Corp.		6,413		359,513
T. Rowe Price Group, Inc.		4,064		445,861
				11,343,518
Chemicals - 2.0%
Air Products & Chemicals, Inc.		3,783		856,358
Albemarle Corp.		1,821		128,216
Celanese Corp.		2,176		234,573
CF Industries Holdings, Inc.		3,800		177,498
Corteva, Inc.(A)		12,870		380,566
Dow, Inc.(A)		12,870		634,620

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    10

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Chemicals (continued)
DuPont de Nemours, Inc.		12,869		$   966,076
Eastman Chemical Co.		2,382		185,391
Ecolab, Inc.		4,359		860,641
FMC Corp.		2,263		187,716
International Flavors & Fragrances, Inc.(B)		1,742		252,747
Linde PLC		9,328		1,873,062
LyondellBasell Industries NV, Class A		5,219		449,512
Mosaic Co.		6,100		152,683
PPG Industries, Inc.		4,058		473,609
Sherwin-Williams Co.		1,396		639,773
				8,453,041
Commercial Services & Supplies - 0.4%
Cintas Corp.		1,456		345,494
Copart, Inc.(A)		3,465		258,974
Republic Services, Inc.		3,703		320,828
Rollins, Inc.		2,533		90,859
Waste Management, Inc.		6,715		774,710
				1,790,865
Communications Equipment - 1.2%
Arista Networks, Inc.(A)		909		235,995
Cisco Systems, Inc.		73,571		4,026,541
F5 Networks, Inc.(A)		1,026		149,417
Juniper Networks, Inc.		5,918		157,596
Motorola Solutions, Inc.		2,832		472,179
				5,041,728
Construction & Engineering - 0.1%
Jacobs Engineering Group, Inc.		1,972		166,417
Quanta Services, Inc.		2,442		93,260
				259,677
Construction Materials - 0.1%
Martin Marietta Materials, Inc.		1,074		247,138
Vulcan Materials Co.		2,270		311,694
				558,832
Consumer Finance - 0.7%
American Express Co.		11,769		1,452,765
Capital One Financial Corp.		8,071		732,363
Discover Financial Services		5,564		431,711
Synchrony Financial		10,899		377,868
				2,994,707
Containers & Packaging - 0.4%
Amcor PLC(A)		27,894		320,506
Avery Dennison Corp.		1,451		167,852
Ball Corp.		5,753		402,652
International Paper Co.		6,829		295,832
Packaging Corp. of America		1,624		154,800
Sealed Air Corp.		2,676		114,479
WestRock Co.		4,418		161,124
				1,617,245
Distributors - 0.1%
Genuine Parts Co.		2,510		259,986
LKQ Corp.(A)		5,397		143,614
				403,600
Diversified Consumer Services - 0.0%(C)
H&R Block, Inc.		3,494		102,374

	Shares		Value
COMMON STOCKS (continued)
Diversified Financial Services - 1.7%
Berkshire Hathaway, Inc., Class B(A)		33,304		$   7,099,414
Jefferies Financial Group, Inc.		4,355		83,746
				7,183,160
Diversified Telecommunication Services - 2.0%
AT&T, Inc.		125,428		4,203,092
CenturyLink, Inc.		16,490		193,923
Verizon Communications, Inc.		71,079		4,060,743
				8,457,758
Electric Utilities - 2.0%
Alliant Energy Corp.		4,061		199,314
American Electric Power Co., Inc.		8,481		746,413
Duke Energy Corp.		12,513		1,104,147
Edison International		5,600		377,496
Entergy Corp.		3,264		335,963
Evergy, Inc.		4,195		252,329
Eversource Energy		5,519		418,119
Exelon Corp.		16,687		799,975
FirstEnergy Corp.		8,677		371,462
NextEra Energy, Inc.		8,231		1,686,203
Pinnacle West Capital Corp.		1,930		181,594
PPL Corp.		12,404		384,648
Southern Co.		17,888		988,849
Xcel Energy, Inc.		8,846		526,249
				8,372,761
Electrical Equipment - 0.5%
AMETEK, Inc.		3,916		355,730
Eaton Corp. PLC		7,272		605,612
Emerson Electric Co.		10,563		704,763
Rockwell Automation, Inc.		2,034		333,230
				1,999,335
Electronic Equipment, Instruments & Components - 0.5%
Amphenol Corp., Class A		5,134		492,556
Corning, Inc.		13,487		448,173
FLIR Systems, Inc.		2,327		125,891
IPG Photonics Corp.(A)		612		94,401
Keysight Technologies, Inc.(A)		3,234		290,445
TE Connectivity, Ltd.		5,790		554,566
				2,006,032
Energy Equipment & Services - 0.5%
Baker Hughes a GE Co.		8,849		217,951
Halliburton Co.		15,021		341,577
Helmerich & Payne, Inc.		1,899		96,127
National Oilwell Varco, Inc.		6,633		147,452
Schlumberger, Ltd.		23,806		946,050
TechnipFMC PLC		7,239		187,780
				1,936,937
Entertainment - 2.0%
Activision Blizzard, Inc.		13,165		621,388
Electronic Arts, Inc.(A)		5,098		516,223
Netflix, Inc.(A)		7,514		2,760,043
Take-Two Interactive Software, Inc.(A)		1,934		219,567
Viacom, Inc., Class B		6,078		181,550
Walt Disney Co.		30,003		4,189,619
				8,488,390

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    11

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Equity Real Estate Investment Trusts - 3.0%
Alexandria Real Estate Equities, Inc.		1,941		$   273,856
American Tower Corp.		7,597		1,553,207
Apartment Investment & Management Co., Class A		2,558		128,207
AvalonBay Communities, Inc.		2,396		486,819
Boston Properties, Inc.		2,656		342,624
Crown Castle International Corp.		7,145		931,351
Digital Realty Trust, Inc.		3,580		421,688
Duke Realty Corp.		6,177		195,255
Equinix, Inc.		1,445		728,699
Equity Residential		6,367		483,383
Essex Property Trust, Inc.		1,129		329,589
Extra Space Storage, Inc.		2,191		232,465
Federal Realty Investment Trust		1,287		165,714
HCP, Inc.		8,215		262,716
Host Hotels & Resorts, Inc.		12,733		231,995
Iron Mountain, Inc.		4,931		154,340
Kimco Realty Corp.		7,253		134,035
Macerich Co.		1,821		60,985
Mid-America Apartment Communities, Inc.		1,959		230,692
Prologis, Inc.		10,841		868,364
Public Storage		2,580		614,479
Realty Income Corp.		5,411		373,197
Regency Centers Corp.		2,872		191,677
SBA Communications Corp.(A)		1,946		437,539
Simon Property Group, Inc.		5,310		848,326
SL Green Realty Corp.		1,449		116,456
UDR, Inc.		4,843		217,402
Ventas, Inc.		6,349		433,954
Vornado Realty Trust		2,983		191,210
Welltower, Inc.		6,960		567,449
Weyerhaeuser Co.		12,800		337,152
				12,544,825
Food & Staples Retailing - 1.5%
Costco Wholesale Corp.		7,558		1,997,277
Kroger Co.		13,864		300,987
Sysco Corp.		8,127		574,742
Walgreens Boots Alliance, Inc.		13,357		730,227
Walmart, Inc.		24,041		2,656,290
				6,259,523
Food Products - 1.1%
Archer-Daniels-Midland Co.		9,627		392,782
Campbell Soup Co.(B)		3,312		132,712
Conagra Brands, Inc.		8,351		221,468
General Mills, Inc.		10,291		540,483
Hershey Co.		2,394		320,868
Hormel Foods Corp.(B)		4,679		189,687
J.M. Smucker Co.		1,955		225,196
Kellogg Co.		4,272		228,851
Kraft Heinz Co.		10,693		331,911
Lamb Weston Holdings, Inc.		2,514		159,287
McCormick & Co., Inc.		2,105		326,296
Mondelez International, Inc., Class A		24,756		1,334,348
Tyson Foods, Inc., Class A		5,067		409,110
				4,812,999
Gas Utilities - 0.1%
Atmos Energy Corp.		2,011		212,281

	Shares		Value
COMMON STOCKS (continued)
Health Care Equipment & Supplies - 3.5%
Abbott Laboratories		30,320		$   2,549,912
ABIOMED, Inc.(A)		776		202,140
Align Technology, Inc.(A)		1,251		342,399
Baxter International, Inc.		8,154		667,813
Becton Dickinson and Co.		4,636		1,168,318
Boston Scientific Corp.(A)		23,901		1,027,265
Cooper Cos., Inc.		851		286,693
Danaher Corp.		10,828		1,547,538
DENTSPLY SIRONA, Inc.		4,021		234,666
Edwards Lifesciences Corp.(A)		3,583		661,923
Hologic, Inc.(A)		4,607		221,228
IDEXX Laboratories, Inc.(A)		1,478		406,938
Intuitive Surgical, Inc.(A)		1,984		1,040,707
Medtronic PLC		23,042		2,244,060
ResMed, Inc.		2,464		300,682
Stryker Corp.		5,322		1,094,097
Teleflex, Inc.		793		262,602
Varian Medical Systems, Inc.(A)		1,563		212,771
Zimmer Biomet Holdings, Inc.		3,520		414,445
				14,886,197
Health Care Providers & Services - 2.6%
AmerisourceBergen Corp.		2,673		227,900
Anthem, Inc.		4,420		1,247,368
Cardinal Health, Inc.		5,123		241,293
Centene Corp.(A)		7,104		372,534
Cigna Corp.(A)		6,522		1,027,541
CVS Health Corp.		22,327		1,216,598
DaVita, Inc.(A)		2,173		122,253
HCA Healthcare, Inc.		4,589		620,295
Henry Schein, Inc.(A)		2,562		179,084
Humana, Inc.		2,321		615,761
Laboratory Corp. of America Holdings(A)		1,693		292,720
McKesson Corp.		3,265		438,783
Quest Diagnostics, Inc.		2,309		235,079
UnitedHealth Group, Inc.		16,333		3,985,415
Universal Health Services, Inc., Class B		1,424		185,676
WellCare Health Plans, Inc.(A)		865		246,586
				11,254,886
Health Care Technology - 0.1%
Cerner Corp.		5,593		409,967
Hotels, Restaurants & Leisure - 1.9%
Carnival Corp.		6,882		320,357
Chipotle Mexican Grill, Inc.(A)		419		307,077
Darden Restaurants, Inc.		2,114		257,337
Hilton Worldwide Holdings, Inc.		5,002		488,896
Marriott International, Inc., Class A		4,750		666,378
McDonald’s Corp.		13,123		2,725,122
MGM Resorts International		8,771		250,587
Norwegian Cruise Line Holdings, Ltd.(A)		3,702		198,538
Royal Caribbean Cruises, Ltd.		2,955		358,176
Starbucks Corp.		20,816		1,745,005
Wynn Resorts, Ltd.		1,665		206,443
Yum! Brands, Inc.		5,259		582,014
				8,105,930
Household Durables - 0.3%
D.R. Horton, Inc.		5,836		251,706
Garmin, Ltd.		2,084		166,303

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    12

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Household Durables (continued)
Leggett & Platt, Inc.		2,256		$   86,563
Lennar Corp., Class A		4,906		237,745
Mohawk Industries, Inc.(A)		1,058		156,023
Newell Brands, Inc.		6,690		103,160
PulteGroup, Inc.		4,382		138,559
Whirlpool Corp.		1,089		155,030
				1,295,089
Household Products - 1.7%
Church & Dwight Co., Inc.		4,232		309,190
Clorox Co.		2,189		335,158
Colgate-Palmolive Co.		14,755		1,057,491
Kimberly-Clark Corp.		5,909		787,552
Procter & Gamble Co.		43,110		4,727,011
				7,216,402
Independent Power & Renewable Electricity Producers - 0.1%
AES Corp.		11,407		191,181
NRG Energy, Inc.		4,591		161,236
				352,417
Industrial Conglomerates - 1.4%
3M Co.		9,907		1,717,279
General Electric Co.		149,881		1,573,751
Honeywell International, Inc.		12,507		2,183,597
Roper Technologies, Inc.		1,785		653,774
				6,128,401
Insurance - 2.5%
Aflac, Inc.		12,812		702,226
Allstate Corp.		5,725		582,175
American International Group, Inc.		14,948		796,429
Aon PLC		4,134		797,779
Arthur J. Gallagher & Co.		3,184		278,887
Assurant, Inc.		1,057		112,444
Chubb, Ltd.		7,869		1,159,025
Cincinnati Financial Corp.		2,607		270,268
Everest Re Group, Ltd.		700		173,026
Hartford Financial Services Group, Inc.		6,213		346,188
Lincoln National Corp.		3,478		224,157
Loews Corp.		4,611		252,083
Marsh & McLennan Cos., Inc.		8,788		876,603
MetLife, Inc.		16,334		811,310
Principal Financial Group, Inc.		4,452		257,860
Progressive Corp.		10,037		802,257
Prudential Financial, Inc.		6,978		704,778
Torchmark Corp.		1,738		155,482
Travelers Cos., Inc.		4,501		672,990
Unum Group		3,642		122,189
Willis Towers Watson PLC		2,221		425,410
				10,523,566
Interactive Media & Services - 4.7%
Alphabet, Inc., Class A(A)		5,146		5,572,089
Alphabet, Inc., Class C(A)		5,267		5,693,153
Facebook, Inc., Class A(A)		41,292		7,969,356
TripAdvisor, Inc.(A)		1,779		82,350
Twitter, Inc.(A)		12,550		437,995
				19,754,943

	Shares		Value
COMMON STOCKS (continued)
Internet & Direct Marketing Retail - 3.7%
Amazon.com, Inc.(A)		7,108		$   13,459,922
Booking Holdings, Inc.(A)		744		1,394,784
eBay, Inc.		14,080		556,160
Expedia Group, Inc.		2,034		270,583
				15,681,449
IT Services - 5.3%
Accenture PLC, Class A		10,962		2,025,449
Akamai Technologies, Inc.(A)		2,820		225,995
Alliance Data Systems Corp.		774		108,461
Automatic Data Processing, Inc.		7,480		1,236,668
Broadridge Financial Solutions, Inc.		1,996		254,849
Cognizant Technology Solutions Corp., Class A		9,784		620,208
DXC Technology Co.		4,611		254,297
Fidelity National Information Services, Inc.		5,566		682,837
Fiserv, Inc.(A)		6,745		614,874
FleetCor Technologies, Inc.(A)		1,481		415,939
Gartner, Inc.(A)		1,548		249,135
Global Payments, Inc.		2,693		431,230
International Business Machines Corp.		15,238		2,101,320
Jack Henry & Associates, Inc.		1,327		177,712
Mastercard, Inc., Class A		15,447		4,086,195
Paychex, Inc.		5,497		452,348
PayPal Holdings, Inc.(A)		20,193		2,311,291
Total System Services, Inc.		2,798		358,899
VeriSign, Inc.(A)		1,803		377,115
Visa, Inc., Class A		29,887		5,186,889
Western Union Co.		7,402		147,226
				22,318,937
Leisure Products - 0.0%(C)
Hasbro, Inc.		1,990		210,303
Life Sciences Tools & Services - 1.1%
Agilent Technologies, Inc.		5,431		405,533
Illumina, Inc.(A)		2,526		929,947
IQVIA Holdings, Inc.(A)		2,712		436,361
Mettler-Toledo International, Inc.(A)		426		357,840
PerkinElmer, Inc.		1,906		183,624
Thermo Fisher Scientific, Inc.		6,874		2,018,756
Waters Corp.(A)		1,194		256,996
				4,589,057
Machinery - 1.6%
Caterpillar, Inc.		9,829		1,339,594
Cummins, Inc.		2,490		426,637
Deere & Co.		5,448		902,788
Dover Corp.		2,498		250,300
Flowserve Corp.		2,254		118,763
Fortive Corp.		5,068		413,143
Illinois Tool Works, Inc.		5,151		776,822
Ingersoll-Rand PLC		4,145		525,047
PACCAR, Inc.		5,954		426,664
Parker-Hannifin Corp.		2,205		374,872
Pentair PLC		2,718		101,110
Snap-on, Inc.		952		157,689
Stanley Black & Decker, Inc.		2,604		376,564
Wabtec Corp.(B)		2,780		199,493
Xylem, Inc.		3,092		258,615
				6,648,101

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    13

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Media - 1.4%
CBS Corp., Class B		6,049		$   301,845
Charter Communications, Inc., Class A(A)		2,957		1,168,547
Comcast Corp., Class A		77,844		3,291,244
Discovery, Inc., Class A(A) (B)		2,713		83,289
Discovery, Inc., Class C(A)		6,197		176,305
DISH Network Corp., Class A(A)		3,966		152,334
Fox Corp., Class A(A)		6,090		223,137
Fox Corp., Class B(A)		2,791		101,955
Interpublic Group of Cos., Inc.		6,652		150,269
News Corp., Class A		6,626		89,385
News Corp., Class B		2,127		29,693
Omnicom Group, Inc.		3,784		310,099
				6,078,102
Metals & Mining - 0.3%
Freeport-McMoRan, Inc.		24,932		289,460
Newmont Goldcorp Corp.		14,087		541,927
Nucor Corp.		5,238		288,614
				1,120,001
Multi-Utilities - 1.1%
Ameren Corp.		4,221		317,039
CenterPoint Energy, Inc.		8,631		247,106
CMS Energy Corp.		4,877		282,427
Consolidated Edison, Inc.		5,622		492,937
Dominion Energy, Inc.		13,790		1,066,243
DTE Energy Co.		3,149		402,694
NiSource, Inc.		6,412		184,666
Public Service Enterprise Group, Inc.		8,687		510,969
Sempra Energy		4,716		648,167
WEC Energy Group, Inc.		5,421		451,949
				4,604,197
Multiline Retail - 0.5%
Dollar General Corp.		4,440		600,110
Dollar Tree, Inc.(A)		4,083		438,473
Kohl’s Corp.		2,785		132,427
Macy’s, Inc.		5,308		113,910
Nordstrom, Inc.(B)		1,807		57,571
Target Corp.		8,805		762,601
				2,105,092
Oil, Gas & Consumable Fuels - 4.5%
Anadarko Petroleum Corp.		8,630		608,933
Apache Corp.		6,461		187,175
Cabot Oil & Gas Corp.		7,275		167,034
Chevron Corp.		32,739		4,074,041
Cimarex Energy Co.		1,743		103,412
Concho Resources, Inc.		3,448		355,765
ConocoPhillips		19,424		1,184,864
Devon Energy Corp.		7,136		203,519
Diamondback Energy, Inc.		2,660		289,860
EOG Resources, Inc.		9,974		929,178
Exxon Mobil Corp.		72,718		5,572,380
Hess Corp.		4,381		278,500
HollyFrontier Corp.		2,700		124,956
Kinder Morgan, Inc.		33,459		698,624
Marathon Oil Corp.		14,057		199,750
Marathon Petroleum Corp.		11,388		636,361
Noble Energy, Inc.		8,219		184,106

	Shares		Value
COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Occidental Petroleum Corp.		12,856		$   646,400
ONEOK, Inc.		7,094		488,138
Phillips 66		7,179		671,524
Pioneer Natural Resources Co.		2,895		445,425
Valero Energy Corp.		7,171		613,909
Williams Cos., Inc.		20,826		583,961
				19,247,815
Personal Products - 0.2%
Coty, Inc., Class A		5,166		69,224
Estee Lauder Cos., Inc., Class A		3,769		690,142
				759,366
Pharmaceuticals - 4.5%
Allergan PLC		5,296		886,709
Bristol-Myers Squibb Co.		28,113		1,274,925
Eli Lilly & Co.		14,850		1,645,231
Johnson & Johnson		45,632		6,355,625
Merck & Co., Inc.		44,249		3,710,279
Mylan NV(A)		8,859		168,675
Nektar Therapeutics(A)		2,996		106,598
Perrigo Co. PLC		2,150		102,383
Pfizer, Inc.		95,417		4,133,464
Zoetis, Inc.		8,226		933,569
				19,317,458
Professional Services - 0.3%
Equifax, Inc.		2,077		280,894
IHS Markit, Ltd.(A)		6,252		398,377
Nielsen Holdings PLC		6,110		138,086
Robert Half International, Inc.		2,036		116,072
Verisk Analytics, Inc.		2,813		411,992
				1,345,421
Real Estate Management & Development - 0.1%
CBRE Group, Inc., Class A(A)		5,375		275,738
Road & Rail - 1.0%
CSX Corp.		13,211		1,022,135
JB Hunt Transport Services, Inc.		1,495		136,658
Kansas City Southern		1,729		210,627
Norfolk Southern Corp.		4,571		911,137
Union Pacific Corp.		12,165		2,057,223
				4,337,780
Semiconductors & Semiconductor Equipment - 3.7%
Advanced Micro Devices, Inc.(A)		15,243		462,930
Analog Devices, Inc.		6,355		717,289
Applied Materials, Inc.		16,089		722,557
Broadcom, Inc.		6,803		1,958,312
Intel Corp.		76,945		3,683,357
KLA-Tencor Corp.		2,778		328,360
Lam Research Corp.		2,577		484,064
Maxim Integrated Products, Inc.		4,682		280,077
Microchip Technology, Inc.(B)		4,089		354,516
Micron Technology, Inc.(A)		19,020		733,982
NVIDIA Corp.		10,467		1,718,995
Qorvo, Inc.(A)		2,048		136,417
QUALCOMM, Inc.		20,894		1,589,407
Skyworks Solutions, Inc.		2,968		229,337
Texas Instruments, Inc.		16,125		1,850,505

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    14

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
Xilinx, Inc.		4,364		$   514,603
				15,764,708
Software - 6.7%
Adobe, Inc.(A)		8,386		2,470,935
ANSYS, Inc.(A)		1,442		295,350
Autodesk, Inc.(A)		3,775		614,948
Cadence Design Systems, Inc.(A)		4,830		342,012
Citrix Systems, Inc.		2,150		211,001
Fortinet, Inc.(A)		2,495		191,691
Intuit, Inc.		4,456		1,164,486
Microsoft Corp.		131,698		17,642,264
Oracle Corp.		41,704		2,375,877
Red Hat, Inc.(A)		3,055		573,607
salesforce.com, Inc.(A)		13,346		2,024,989
Symantec Corp.		10,625		231,200
Synopsys, Inc.(A)		2,576		331,505
				28,469,865
Specialty Retail - 2.3%
Advance Auto Parts, Inc.		1,233		190,055
AutoZone, Inc.(A)		422		463,976
Best Buy Co., Inc.		3,993		278,432
CarMax, Inc.(A)		2,856		247,987
Foot Locker, Inc.		1,930		80,906
Gap, Inc.		3,638		65,375
Home Depot, Inc.		18,910		3,932,713
L Brands, Inc.		3,942		102,886
Lowe’s Cos., Inc.		13,456		1,357,845
O’Reilly Automotive, Inc.(A)		1,345		496,735
Ross Stores, Inc.		6,315		625,943
Tiffany & Co.		1,857		173,889
TJX Cos., Inc.		20,842		1,102,125
Tractor Supply Co.		2,073		225,542
Ulta Salon Cosmetics & Fragrance, Inc.(A)		954		330,933
				9,675,342
Technology Hardware, Storage & Peripherals - 3.9%
Apple, Inc.		75,123		14,868,344
Hewlett Packard Enterprise Co.		23,015		344,074
HP, Inc.		25,888		538,212
NetApp, Inc.		4,245		261,916
Seagate Technology PLC		4,330		204,030
Western Digital Corp.		5,036		239,462
Xerox Corp.		3,359		118,942
				16,574,980
Textiles, Apparel & Luxury Goods - 0.7%
Capri Holdings, Ltd.(A)		2,594		89,960
Hanesbrands, Inc.		6,212		106,971

	Shares		Value
COMMON STOCKS (continued)
Textiles, Apparel & Luxury Goods (continued)
NIKE, Inc., Class B		21,599		$   1,813,236
PVH Corp.		1,288		121,896
Ralph Lauren Corp.		897		101,890
Tapestry, Inc.		4,986		158,206
Under Armour, Inc., Class A(A)		3,231		81,906
Under Armour, Inc., Class C(A)		3,339		74,126
VF Corp.		5,597		488,898
				3,037,089
Tobacco - 0.8%
Altria Group, Inc.		32,155		1,522,539
Philip Morris International, Inc.		26,739		2,099,814
				3,622,353
Trading Companies & Distributors - 0.2%
Fastenal Co.		9,836		320,555
United Rentals, Inc.(A)		1,351		179,183
WW Grainger, Inc.		772		207,074
				706,812
Water Utilities - 0.1%
American Water Works Co., Inc.		3,103		359,948
Total Common Stocks (Cost $381,644,164)				419,966,357
OTHER INVESTMENT COMPANY - 0.2%
Securities Lending Collateral - 0.2%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.33%(D)		761,436		761,436
Total Other Investment Company (Cost $761,436)				761,436
	Principal		Value
REPURCHASE AGREEMENT - 0.9%
Fixed Income Clearing Corp., 1.45% (D), dated 06/28/2019, to be repurchased at $4,016,001 on 07/01/2019. Collateralized by a U.S. Government Obligation, 1.13%, due 09/30/2021, and with a value of $4,100,491.		$  4,015,515		4,015,515
Total Repurchase Agreement (Cost $4,015,515)				4,015,515
Total Investments (Cost $386,421,115)				424,743,308
Net Other Assets (Liabilities) - (0.2)%				(794,954	)
Net Assets - 100.0%				$  423,948,354

FUTURES CONTRACTS:

Description	Long/Short		Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
S&P 500®E-Mini Index		Long		27		09/20/2019	$	3,913,078	$	3,974,670	$	61,592	$	—

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    15

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(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	$	419,966,357	$	—	$	—	$	419,966,357
Other Investment Company		761,436		—		—		761,436
Repurchase Agreement		—		4,015,515		—		4,015,515
Total Investments	$	420,727,793	$	4,015,515	$	—	$	424,743,308
Other Financial Instruments
Futures Contracts(F)	$	61,592	$	—	$	—	$	61,592
Total Other Financial Instruments	$	61,592	$	—	$	—	$	61,592

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 $745,610. 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)	Rates disclosed reflect the yields at June 30, 2019.
(E)	There were no transfers in or out of Level 3 during thesix-month period ended June 30, 2019. 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 2019

Page    16

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 72.0%
Aerospace & Defense - 1.6%
AAR Corp.		1,267		$  46,613
Aerojet Rocketdyne Holdings, Inc.(A)		2,812		125,893
Aerovironment, Inc.(A)		828		47,005
Cubic Corp.		1,114		71,831
Mercury Systems, Inc.(A)		2,151		151,323
Moog, Inc., Class A		1,262		118,136
National Presto Industries, Inc.(B)		196		18,285
Triumph Group, Inc.		1,939		44,403
				623,489
Air Freight & Logistics - 0.5%
Atlas Air Worldwide Holdings, Inc.(A)		1,004		44,819
Echo Global Logistics, Inc.(A)		1,084		22,623
Forward Air Corp.		1,115		65,952
Hub Group, Inc., Class A(A)		1,325		55,623
				189,017
Airlines - 0.6%
Allegiant Travel Co.		500		71,750
Hawaiian Holdings, Inc.		1,867		51,212
SkyWest, Inc.		1,991		120,794
				243,756
Auto Components - 1.5%
American Axle & Manufacturing Holdings, Inc.(A)		4,370		55,761
Cooper Tire & Rubber Co.		1,949		61,491
Cooper-Standard Holdings, Inc.(A)		633		29,004
Dorman Products, Inc.(A)		1,126		98,120
Fox Factory Holding Corp.(A)		1,483		122,362
Garrett Motion, Inc.(A) (B)		2,898		44,484
Gentherm, Inc.(A)		1,308		54,714
LCI Industries		972		87,480
Motorcar Parts of America, Inc.(A)		731		15,651
Standard Motor Products, Inc.		782		35,456
Superior Industries International, Inc.		898		3,107
				607,630
Automobiles - 0.1%
Winnebago Industries, Inc.		1,127		43,559
Banks - 6.4%
Ameris Bancorp		2,248		88,099
Banc of California, Inc.		1,663		23,232
Banner Corp.		1,215		65,792
Berkshire Hills Bancorp, Inc.		1,769		55,529
Boston Private Financial Holdings, Inc.		3,255		39,288
Brookline Bancorp, Inc.		3,100		47,678
Central Pacific Financial Corp.		1,112		33,316
City Holding Co.		640		48,806
Columbia Banking System, Inc.		2,858		103,402
Community Bank System, Inc.		2,002		131,812
Customers Bancorp, Inc.(A)		1,113		23,373
CVB Financial Corp.		3,971		83,510
Eagle Bancorp, Inc.		1,235		66,851
First BanCorp		8,444		93,222
First Commonwealth Financial Corp.		3,827		51,550
First Financial Bancorp		3,832		92,811
First Midwest Bancorp, Inc.		4,336		88,758
Franklin Financial Network, Inc.		481		13,401
Glacier Bancorp, Inc.		3,287		133,288
Great Western Bancorp, Inc.		2,212		79,013

	Shares		Value
COMMON STOCKS (continued)
Banks (continued)
Hanmi Financial Corp.		1,202		$   26,769
Heritage Financial Corp.		1,290		38,107
Hope Bancorp, Inc.		4,675		64,421
Independent Bank Corp.		1,333		101,508
LegacyTexas Financial Group, Inc.		1,760		71,650
National Bank Holdings Corp., Class A		1,012		36,736
NBT Bancorp, Inc.		1,700		63,767
OFG Bancorp		1,695		40,290
Old National Bancorp		5,814		96,454
Opus Bank		839		17,711
Pacific Premier Bancorp, Inc.		1,754		54,163
Preferred Bank		542		25,609
S&T Bancorp, Inc.		1,334		49,998
Seacoast Banking Corp. of Florida(A)		1,998		50,829
ServisFirst Bancshares, Inc.		1,788		61,257
Simmons First National Corp., Class A		3,725		86,643
Southside Bancshares, Inc.		1,232		39,892
Tompkins Financial Corp.		482		39,331
Triumph Bancorp, Inc.(A)		955		27,743
United Community Banks, Inc.		3,071		87,708
Veritex Holdings, Inc.		1,771		45,957
Westamerica Bancorporation(B)		1,046		64,444
				2,553,718
Beverages - 0.2%
Coca-Cola Consolidated, Inc.		180		53,865
MGP Ingredients, Inc.(B)		496		32,890
				86,755
Biotechnology - 2.1%
Acorda Therapeutics, Inc.(A)		1,552		11,904
AMAG Pharmaceuticals, Inc.(A) (B)		1,312		13,107
Anika Therapeutics, Inc.(A)		552		22,422
Arrowhead Pharmaceuticals, Inc.(A) (B)		3,684		97,626
Cytokinetics, Inc.(A)		2,243		25,234
Eagle Pharmaceuticals, Inc.(A)		400		22,272
Emergent BioSolutions, Inc.(A)		1,758		84,929
Enanta Pharmaceuticals, Inc.(A)		619		52,231
Medicines Co.(A) (B)		2,712		98,907
Momenta Pharmaceuticals, Inc.(A)		3,832		47,708
Myriad Genetics, Inc.(A)		2,851		79,201
Progenics Pharmaceuticals, Inc.(A)		3,293		20,318
REGENXBIO, Inc.(A)		1,196		61,439
Repligen Corp.(A)		1,633		140,356
Spectrum Pharmaceuticals, Inc.(A)		4,133		35,585
Vanda Pharmaceuticals, Inc.(A)		2,058		28,997
				842,236
Building Products - 1.4%
AAON, Inc.		1,579		79,234
American Woodmark Corp.(A)		583		49,334
Apogee Enterprises, Inc.		1,034		44,917
Gibraltar Industries, Inc.(A)		1,251		50,490
Griffon Corp.		1,346		22,774
Insteel Industries, Inc.		711		14,803
Patrick Industries, Inc.(A)		880		43,287
PGT Innovations, Inc.(A)		2,267		37,904
Quanex Building Products Corp.		1,287		24,312
Simpson Manufacturing Co., Inc.		1,562		103,811

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    17

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Building Products (continued)
Universal Forest Products, Inc.		2,384		$   90,735
				561,601
Capital Markets - 0.6%
Blucora, Inc.(A)		1,880		57,096
Donnelley Financial Solutions, Inc.(A)		1,329		17,729
Greenhill & Co., Inc.		696		9,459
INTL. FCStone, Inc.(A)		624		24,704
Piper Jaffray Cos.		553		41,071
Virtus Investment Partners, Inc.		271		29,105
Waddell & Reed Financial, Inc., Class A		2,918		48,643
WisdomTree Investments, Inc.		4,579		28,252
				256,059
Chemicals - 1.9%
AdvanSix, Inc.(A)		1,102		26,922
American Vanguard Corp.		1,016		15,657
Balchem Corp.		1,256		125,562
Ferro Corp.(A)		3,183		50,291
FutureFuel Corp.		1,003		11,725
Hawkins, Inc.		372		16,148
HB Fuller Co.		1,977		91,733
Innophos Holdings, Inc.		764		22,240
Innospec, Inc.		951		86,769
Koppers Holdings, Inc.(A)		802		23,547
Kraton Corp.(A)		1,244		38,651
Livent Corp.(A)		5,673		39,257
LSB Industries, Inc.(A)		794		3,097
Quaker Chemical Corp.		518		105,092
Rayonier Advanced Materials, Inc.(B)		1,935		12,558
Stepan Co.		791		72,701
Tredegar Corp.		993		16,504
				758,454
Commercial Services & Supplies - 2.0%
ABM Industries, Inc.		2,578		103,120
Brady Corp., Class A		1,915		94,448
Interface, Inc.		2,331		35,734
LSC Communications, Inc.		1,302		4,778
Matthews International Corp., Class A		1,233		42,970
Mobile Mini, Inc.		1,747		53,161
Multi-Color Corp.		543		27,134
Pitney Bowes, Inc.		7,022		30,054
R.R. Donnelley & Sons Co.		2,751		5,420
Team, Inc.(A)		1,175		18,001
Tetra Tech, Inc.		2,132		167,469
UniFirst Corp.		597		112,576
US Ecology, Inc.		858		51,085
Viad Corp.		788		52,197
				798,147
Communications Equipment - 1.0%
ADTRAN, Inc.		1,858		28,335
Applied Optoelectronics, Inc.(A) (B)		736		7,566
CalAmp Corp.(A)		1,305		15,242
Comtech Telecommunications Corp.		938		26,367
Digi International, Inc.(A)		1,090		13,821
Extreme Networks, Inc.(A)		4,614		29,853
Finisar Corp.(A)		4,581		104,767
Harmonic, Inc.(A)		3,450		19,148

	Shares		Value
COMMON STOCKS (continued)
Communications Equipment (continued)
NETGEAR, Inc.(A)		1,224		$   30,955
Viavi Solutions, Inc.(A)		8,886		118,095
				394,149
Construction & Engineering - 0.5%
Aegion Corp.(A)		1,218		22,411
Arcosa, Inc.		1,879		70,707
Comfort Systems, Inc.		1,434		73,119
MYR Group, Inc.(A)		645		24,091
				190,328
Construction Materials - 0.1%
US Concrete, Inc.(A)		613		30,460
Consumer Finance - 0.9%
Encore Capital Group, Inc.(A) (B)		999		33,836
Enova International, Inc.(A)		1,310		30,195
EZCORP, Inc., Class A(A)		2,039		19,309
FirstCash, Inc.		1,676		167,634
PRA Group, Inc.(A)		1,763		49,611
World Acceptance Corp.(A)		246		40,371
				340,956
Containers & Packaging - 0.1%
Myers Industries, Inc.		1,378		26,554
Distributors - 0.2%
Core-Mark Holding Co., Inc.		1,782		70,781
Diversified Consumer Services - 0.6%
American Public Education, Inc.(A)		644		19,049
Career Education Corp.(A)		2,724		51,947
Regis Corp.(A)		1,146		19,024
Strategic Education, Inc.		852		151,656
				241,676
Diversified Telecommunication Services - 0.8%
ATN International, Inc.		423		24,420
Cincinnati Bell, Inc.(A)		1,957		9,687
Cogent Communications Holdings, Inc.		1,621		96,223
Consolidated Communications Holdings, Inc.(B)		2,797		13,789
Frontier Communications Corp.(A) (B)		4,091		7,159
Iridium Communications, Inc.(A)		3,734		86,853
Vonage Holdings Corp.(A)		8,667		98,197
				336,328
Electric Utilities - 0.3%
E.I. Paso Electric Co.		1,578		103,201
Electrical Equipment - 0.3%
AZZ, Inc.		1,015		46,710
Encore Wire Corp.		812		47,567
Powell Industries, Inc.		341		12,958
Vicor Corp.(A)		631		19,593
				126,828
Electronic Equipment, Instruments & Components - 3.2%
Anixter International, Inc.(A)		1,125		67,174
Arlo Technologies, Inc.(A)		2,897		11,617
Badger Meter, Inc.		1,131		67,509
Bel Fuse, Inc., Class B		391		6,713
Benchmark Electronics, Inc.		1,499		37,655
Control4 Corp.(A)		1,041		24,724
CTS Corp.		1,277		35,220
Daktronics, Inc.		1,545		9,533

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    18

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Electronic Equipment, Instruments & Components (continued)
ePlus, Inc.(A)		529		$   36,469
Fabrinet(A)		1,431		71,078
FARO Technologies, Inc.(A)		673		35,386
II-VI, Inc.(A) (B)		2,320		84,819
Insight Enterprises, Inc.(A)		1,390		80,898
Itron, Inc.(A)		1,300		81,341
Kemet Corp.		2,254		42,398
Knowles Corp.(A)		3,532		64,671
Methode Electronics, Inc.		1,437		41,055
MTS Systems Corp.		698		40,854
OSI Systems, Inc.(A)		654		73,660
Park Electrochemical Corp.		756		12,618
Plexus Corp.(A)		1,170		68,293
Rogers Corp.(A)		721		124,430
Sanmina Corp.(A)		2,681		81,181
ScanSource, Inc.(A)		999		32,527
TTM Technologies, Inc.(A)		3,647		37,199
				1,269,022
Energy Equipment & Services - 1.5%
Archrock, Inc.		5,064		53,678
C&J Energy Services, Inc.(A)		2,387		28,119
Diamond Offshore Drilling, Inc.(A) (B)		2,515		22,308
DMC Global, Inc.		553		35,033
Dril-Quip, Inc.(A)		1,408		67,584
Era Group, Inc.(A)		795		6,630
Exterran Corp.(A)		1,228		17,462
Geospace Technologies Corp.(A)		530		8,008
Gulf Island Fabrication, Inc.(A)		539		3,827
Helix Energy Solutions Group, Inc.(A)		5,435		46,904
KLX Energy Services Holdings, Inc.(A)		899		18,367
Matrix Service Co.(A)		1,042		21,111
Nabors Industries, Ltd.		12,841		37,239
Newpark Resources, Inc.(A)		3,517		26,096
Noble Corp. PLC(A)		9,681		18,104
Oil States International, Inc.(A)		2,348		42,968
ProPetro Holding Corp.(A)		2,887		59,761
SEACOR Holdings, Inc.(A)		677		32,164
Superior Energy Services, Inc.(A)		6,060		7,878
TETRA Technologies, Inc.(A)		4,881		7,956
US Silica Holdings, Inc.(B)		2,858		36,554
				597,751
Entertainment - 0.1%
Marcus Corp.		847		27,917
Equity Real Estate Investment Trusts - 4.6%
Acadia Realty Trust		3,216		88,022
Agree Realty Corp.		1,495		95,755
American Assets Trust, Inc.		1,832		86,324
Armada Hoffler Properties, Inc.		2,037		33,712
CareTrust, Inc.		3,714		88,319
CBL & Associates Properties, Inc.(B)		6,740		7,010
Cedar Realty Trust, Inc.		3,339		8,848
Chatham Lodging Trust		1,810		34,155
Chesapeake Lodging Trust		2,361		67,100
Community Healthcare Trust, Inc.		696		27,429
DiamondRock Hospitality Co.		7,827		80,931
Easterly Government Properties, Inc.		2,643		47,865
Four Corners Property Trust, Inc.		2,658		72,643

	Shares		Value
COMMON STOCKS (continued)
Equity Real Estate Investment Trusts (continued)
Franklin Street Properties Corp.		4,167		$   30,752
Getty Realty Corp.		1,322		40,665
Global Net Lease, Inc.		3,258		63,922
Hersha Hospitality Trust		1,402		23,189
Independence Realty Trust, Inc.		3,491		40,391
Innovative Industrial Properties, Inc.(B)		381		47,076
iStar, Inc.(B)		2,514		31,224
Kite Realty Group Trust		3,261		49,339
Lexington Realty Trust		8,122		76,428
LTC Properties, Inc.		1,544		70,499
National Storage Affiliates Trust		2,210		63,957
NorthStar Realty Europe Corp.		1,955		32,121
Office Properties Income Trust		1,869		49,099
Pennsylvania Real Estate Investment Trust(B)		2,315		15,048
Retail Opportunity Investments Corp.		4,442		76,091
RPT Realty		3,122		37,807
Saul Centers, Inc.		452		25,371
Summit Hotel Properties, Inc.		4,083		46,832
Universal Health Realty Income Trust		491		41,701
Urstadt Biddle Properties, Inc., Class A		1,162		24,402
Washington Prime Group, Inc.(B)		7,246		27,680
Washington Real Estate Investment Trust		3,110		83,130
Whitestone REIT		1,548		19,644
Xenia Hotels & Resorts, Inc.		4,377		91,260
				1,845,741
Food & Staples Retailing - 0.2%
Andersons, Inc.		1,023		27,866
Chefs’ Warehouse, Inc.(A)		896		31,423
SpartanNash Co.		1,411		16,466
United Natural Foods, Inc.(A)		2,048		18,371
				94,126
Food Products - 1.0%
B&G Foods, Inc.(B)		2,538		52,790
Cal-Maine Foods, Inc.		1,177		49,105
Calavo Growers, Inc.(B)		609		58,915
Darling Ingredients, Inc.(A)		6,401		127,316
Dean Foods Co.(B)		3,565		3,293
J&J Snack Foods Corp.		585		94,156
John B Sanfilippo & Son, Inc.		342		27,254
Seneca Foods Corp., Class A(A)		257		7,152
				419,981
Gas Utilities - 0.5%
NorthWest Natural Holding Co.		1,182		82,149
South Jersey Industries, Inc.		3,590		121,091
				203,240
Health Care Equipment & Supplies - 2.3%
AngioDynamics, Inc.(A)		1,446		28,472
Cardiovascular Systems, Inc.(A)		1,353		58,084
CONMED Corp.		1,009		86,340
CryoLife, Inc.(A)		1,335		39,957
Cutera, Inc.(A)		545		11,325
Heska Corp.(A)		271		23,081
Integer Holdings Corp.(A)		1,166		97,851
Invacare Corp.		1,312		6,809
Lantheus Holdings, Inc.(A)		1,508		42,676
LeMaitre Vascular, Inc.		619		17,320

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    19

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Meridian Bioscience, Inc.		1,656		$   19,673
Merit Medical Systems, Inc.(A)		2,137		127,280
Mesa Laboratories, Inc.		138		33,719
Natus Medical, Inc.(A)		1,321		33,936
Neogen Corp.(A)		2,025		125,773
OraSure Technologies, Inc.(A)		2,411		22,374
Orthofix Medical, Inc.(A)		741		39,184
Surmodics, Inc.(A)		521		22,492
Tactile Systems Technology, Inc.(A)		666		37,909
Varex Imaging Corp.(A)		1,488		45,607
				919,862
Health Care Providers & Services - 1.9%
Addus HomeCare Corp.(A)		394		29,530
AMN Healthcare Services, Inc.(A)		1,811		98,247
BioTelemetry, Inc.(A)		1,313		63,221
Community Health Systems, Inc.(A) (B)		4,587		12,247
CorVel Corp.(A)		352		30,627
Cross Country Healthcare, Inc.(A)		1,431		13,423
Diplomat Pharmacy, Inc.(A)		2,206		13,435
Ensign Group, Inc.		1,936		110,197
LHC Group, Inc.(A)		1,138		136,082
Magellan Health, Inc.(A)		934		69,331
Owens & Minor, Inc.		2,445		7,824
Providence Service Corp.(A)		431		24,713
Select Medical Holdings Corp.(A)		4,209		66,797
Tivity Health, Inc.(A)		1,853		30,463
US Physical Therapy, Inc.		496		60,795
				766,932
Health Care Technology - 0.9%
Computer Programs & Systems, Inc.		474		13,173
HealthStream, Inc.(A)		994		25,705
HMS Holdings Corp.(A)		3,384		109,608
NextGen Healthcare, Inc.(A)		1,859		36,994
Omnicell, Inc.(A)		1,602		137,820
Tabula Rasa HealthCare, Inc.(A) (B)		709		35,400
				358,700
Hotels, Restaurants & Leisure - 1.3%
BJ’s Restaurants, Inc.		806		35,416
Bloomin’ Brands, Inc.		3,563		67,376
Chuy’s Holdings, Inc.(A)		654		14,990
Dave & Buster’s Entertainment, Inc.		1,414		57,225
Dine Brands Global, Inc.		681		65,015
El Pollo Loco Holdings, Inc.(A)		851		9,072
Fiesta Restaurant Group, Inc.(A)		917		12,049
Monarch Casino & Resort, Inc.(A)		461		19,703
Red Robin Gourmet Burgers, Inc.(A)		504		15,407
Ruth’s Hospitality Group, Inc.		1,101		25,004
Shake Shack, Inc., Class A(A)		1,016		73,355
Wingstop, Inc.		1,142		108,204
				502,816
Household Durables - 1.7%
Cavco Industries, Inc.(A)		332		52,303
Century Communities, Inc.(A)		1,072		28,494
Ethan Allen Interiors, Inc.		960		20,218
Installed Building Products, Inc.(A)		816		48,323
iRobot Corp.(A) (B)		1,090		99,888

	Shares		Value
COMMON STOCKS (continued)
Household Durables (continued)
La-Z-Boy, Inc.		1,813		$   55,587
LGI Homes, Inc.(A)		730		52,144
M/I Homes, Inc.(A)		1,071		30,566
MDC Holdings, Inc.		1,912		62,675
Meritage Homes Corp.(A)		1,398		71,773
TopBuild Corp.(A)		1,338		110,733
Universal Electronics, Inc.(A)		538		22,069
William Lyon Homes, Class A(A)		1,282		23,371
				678,144
Household Products - 0.3%
Central Garden & Pet Co.(A)		401		10,807
Central Garden & Pet Co., Class A(A)		1,607		39,597
WD-40 Co.		536		85,245
				135,649
Industrial Conglomerates - 0.1%
Raven Industries, Inc.		1,400		50,232
Insurance - 2.5%
Ambac Financial Group, Inc.(A)		1,769		29,807
American Equity Investment Life Holding Co.		3,531		95,902
AMERISAFE, Inc.		749		47,764
eHealth, Inc.(A)		739		63,628
Employers Holdings, Inc.		1,245		52,626
HCI Group, Inc.		261		10,563
Horace Mann Educators Corp.		1,599		64,424
James River Group Holdings, Ltd.		1,172		54,967
ProAssurance Corp.		2,088		75,398
RLI Corp.		1,523		130,536
Safety Insurance Group, Inc.		568		54,034
Selective Insurance Group, Inc.		2,301		172,322
Stewart Information Services Corp.		921		37,291
Third Point Reinsurance, Ltd.(A)		2,894		29,866
United Fire Group, Inc.		832		40,319
United Insurance Holdings Corp.		839		11,964
Universal Insurance Holdings, Inc.		1,239		34,568
				1,005,979
Interactive Media & Services - 0.1%
Care.com, Inc.(A)		1,035		11,364
QuinStreet, Inc.(A)		1,520		24,092
				35,456
Internet & Direct Marketing Retail - 0.4%
Liquidity Services, Inc.(A)		1,041		6,340
PetMed Express, Inc.(B)		782		12,254
Shutterfly, Inc.(A)		1,333		67,383
Shutterstock, Inc.		725		28,413
Stamps.com, Inc.(A)		632		28,610
				143,000
IT Services - 1.4%
Cardtronics PLC, Class A(A)		1,458		39,833
CSG Systems International, Inc.		1,291		63,039
EVERTEC, Inc.		2,329		76,158
ExlService Holdings, Inc.(A)		1,334		88,217
ManTech International Corp., Class A		1,037		68,286
NIC, Inc.		2,600		41,704
Perficient, Inc.(A)		1,280		43,930
Sykes Enterprises, Inc.(A)		1,533		42,096
TTEC Holdings, Inc.		540		25,159

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    20

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
IT Services (continued)
Unisys Corp.(A) (B)		2,011		$   19,547
Virtusa Corp.(A)		1,078		47,896
				555,865
Leisure Products - 0.3%
Callaway Golf Co.		3,435		58,945
Nautilus, Inc.(A)		1,153		2,548
Sturm Ruger & Co., Inc.		678		36,937
Vista Outdoor, Inc.(A)		2,243		19,918
				118,348
Life Sciences Tools & Services - 0.6%
Cambrex Corp.(A)		1,308		61,227
Luminex Corp.		1,625		33,540
Medpace Holdings, Inc.(A)		1,016		66,467
NeoGenomics, Inc.(A)		3,982		87,365
				248,599
Machinery - 4.3%
Actuant Corp., Class A		2,386		59,197
Alamo Group, Inc.		374		37,374
Albany International Corp., Class A		1,184		98,165
Astec Industries, Inc.		875		28,490
Barnes Group, Inc.		1,837		103,496
Briggs & Stratton Corp.		1,634		16,732
Chart Industries, Inc.(A)		1,390		106,863
CIRCOR International, Inc.(A)		773		35,558
EnPro Industries, Inc.		806		51,455
ESCO Technologies, Inc.		1,009		83,363
Federal Signal Corp.		2,343		62,675
Franklin Electric Co., Inc.		1,497		71,107
Greenbrier Cos., Inc.		1,259		38,274
Harsco Corp.(A)		3,116		85,503
Hillenbrand, Inc.		2,433		96,274
John Bean Technologies Corp.		1,229		148,869
Lindsay Corp.(B)		419		34,446
Lydall, Inc.(A)		681		13,756
Mueller Industries, Inc.		2,200		64,394
Proto Labs, Inc.(A)		1,043		121,009
SPX Corp.(A)		1,704		56,266
SPX Flow, Inc.(A)		1,653		69,195
Standex International Corp.		492		35,985
Tennant Co.		706		43,207
Titan International, Inc.		1,958		9,575
Wabash National Corp.		2,154		35,046
Watts Water Technologies, Inc., Class A		1,076		100,262
				1,706,536
Marine - 0.2%
Matson, Inc.		1,664		64,646
Media - 0.4%
EW Scripps Co., Class A		2,194		33,546
Gannett Co., Inc.		4,450		36,312
New Media Investment Group, Inc.		2,117		19,984
Scholastic Corp.		1,082		35,966
TechTarget, Inc.(A)		847		17,999
				143,807
Metals & Mining - 0.6%
AK Steel Holding Corp.(A) (B)		12,292		29,132
Century Aluminum Co.(A)		1,933		13,357

	Shares		Value
COMMON STOCKS (continued)
Metals & Mining (continued)
Haynes International, Inc.		486		$   15,460
Kaiser Aluminum Corp.		627		61,201
Materion Corp.		791		53,638
Olympic Steel, Inc.		355		4,846
SunCoke Energy, Inc.(A)		3,493		31,018
TimkenSteel Corp.(A)		1,531		12,447
				221,099
Mortgage Real Estate Investment Trusts - 1.2%
Apollo Commercial Real Estate Finance, Inc.		5,349		98,368
ARMOUR Residential, Inc.(B)		2,037		37,970
Capstead Mortgage Corp.		3,325		27,764
Granite Point Mortgage Trust, Inc.		2,088		40,069
Invesco Mortgage Capital, Inc.		4,996		80,535
New York Mortgage Trust, Inc.		8,085		50,127
PennyMac Mortgage Investment Trust		2,969		64,813
Redwood Trust, Inc.		3,764		62,219
				461,865
Multi-Utilities - 0.3%
Avista Corp.		2,555		113,953
Multiline Retail - 0.1%
Big Lots, Inc.		1,550		44,346
JC Penney Co., Inc.(A) (B)		12,310		14,033
				58,379
Oil, Gas & Consumable Fuels - 1.2%
Bonanza Creek Energy, Inc.(A)		729		15,221
Carrizo Oil & Gas, Inc.(A)		3,343		33,497
Consol Energy, Inc.(A)		1,073		28,553
Denbury Resources, Inc.(A) (B)		17,921		22,222
Green Plains, Inc.		1,512		16,299
Gulfport Energy Corp.(A)		5,633		27,658
HighPoint Resources Corp.(A)		4,319		7,861
Laredo Petroleum, Inc.(A)		5,974		17,325
Par Pacific Holdings, Inc.(A)		1,174		24,090
PDC Energy, Inc.(A)		2,575		92,854
Penn Virginia Corp.(A)		522		16,015
Renewable Energy Group, Inc.(A)		1,462		23,187
REX American Resources Corp.(A)		219		15,965
Ring Energy, Inc.(A)		2,319		7,537
SRC Energy, Inc.(A)		9,457		46,907
Unit Corp.(A)		2,155		19,158
Whiting Petroleum Corp.(A) (B)		3,547		66,258
				480,607
Paper & Forest Products - 0.5%
Boise Cascade Co.		1,514		42,558
Clearwater Paper Corp.(A)		642		11,871
Mercer International, Inc.		1,684		26,051
Neenah, Inc.		655		44,245
P.H. Glatfelter Co.		1,712		28,899
Schweitzer-Mauduit International, Inc.		1,200		39,816
				193,440
Personal Products - 0.5%
Avon Products, Inc.(A)		17,222		66,822
Inter Parfums, Inc.		672		44,681
Medifast, Inc.		462		59,275
USANA Health Sciences, Inc.(A)		517		41,065
				211,843

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    21

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Pharmaceuticals - 0.7%
Akorn, Inc.(A)		3,667		$   18,885
Amphastar Pharmaceuticals, Inc.(A)		1,372		28,963
ANI Pharmaceuticals, Inc.(A)		327		26,879
Assertio Therapeutics, Inc.(A)		2,502		8,632
Corcept Therapeutics, Inc.(A) (B)		4,061		45,280
Endo International PLC(A)		7,822		32,227
Innoviva, Inc.(A)		2,636		38,380
Lannett Co., Inc.(A) (B)		1,329		8,054
Phibro Animal Health Corp., Class A		788		25,035
Supernus Pharmaceuticals, Inc.(A)		2,035		67,338
				299,673
Professional Services - 1.4%
Exponent, Inc.		2,017		118,075
Forrester Research, Inc.		401		18,859
FTI Consulting, Inc.(A)		1,477		123,832
Heidrick & Struggles International, Inc.		743		22,268
Kelly Services, Inc., Class A		1,212		31,742
Korn Ferry		2,193		87,873
Navigant Consulting, Inc.		1,529		35,457
Resources Connection, Inc.		1,170		18,732
TrueBlue, Inc.(A)		1,560		34,414
WageWorks, Inc.(A)		1,549		78,674
				569,926
Real Estate Management & Development - 0.4%
HFF, Inc., Class A		1,547		70,357
Marcus & Millichap, Inc.(A)		834		25,729
RE/MAX Holdings, Inc., Class A		692		21,286
Realogy Holdings Corp.		4,438		32,131
				149,503
Road & Rail - 0.4%
ArcBest Corp.		991		27,857
Heartland Express, Inc.		1,847		33,375
Marten Transport, Ltd.		1,507		27,352
Saia, Inc.(A)		1,006		65,058
				153,642
Semiconductors & Semiconductor Equipment - 2.7%
Advanced Energy Industries, Inc.(A)		1,486		83,617
Axcelis Technologies, Inc.(A)		1,280		19,264
Brooks Automation, Inc.		2,803		108,616
Cabot Microelectronics Corp.		1,129		124,280
CEVA, Inc.(A)		854		20,795
Cohu, Inc.		1,594		24,595
Diodes, Inc.(A)		1,554		56,519
DSP Group, Inc.(A)		768		11,029
FormFactor, Inc.(A)		2,898		45,412
Ichor Holdings, Ltd.(A)		870		20,567
Kopin Corp.(A) (B)		2,615		2,850
Kulicke & Soffa Industries, Inc.		2,526		56,961
MaxLinear, Inc.(A)		2,496		58,506
Nanometrics, Inc.(A)		953		33,079
PDF Solutions, Inc.(A)		1,084		14,222
Photronics, Inc.(A)		2,606		21,369
Power Integrations, Inc.		1,137		91,165
Rambus, Inc.(A)		4,275		51,471
Rudolph Technologies, Inc.(A)		1,206		33,322
SMART Global Holdings, Inc.(A)		490		11,265

	Shares		Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
SolarEdge Technologies, Inc.(A)		1,735		$   108,368
Ultra Clean Holdings, Inc.(A)		1,528		21,270
Veeco Instruments, Inc.(A)		1,891		23,108
Xperi Corp.		1,915		39,430
				1,081,080
Software - 1.8%
8x8, Inc.(A)		3,741		90,158
Agilysys, Inc.(A)		685		14,707
Alarm.com Holdings, Inc.(A)		1,371		73,348
Bottomline Technologies de, Inc.(A)		1,470		65,033
Ebix, Inc.(B)		854		42,888
LivePerson, Inc.(A)		2,318		64,997
MicroStrategy, Inc., Class A(A)		319		45,716
Monotype Imaging Holdings, Inc.		1,608		27,079
Onespan, Inc.(A)		1,219		17,273
Progress Software Corp.		1,729		75,419
Qualys, Inc.(A)		1,308		113,901
SPS Commerce, Inc.(A)		696		71,138
TiVo Corp.		4,853		35,766
				737,423
Specialty Retail - 2.6%
Abercrombie & Fitch Co., Class A		2,588		41,511
Asbury Automotive Group, Inc.(A)		758		63,930
Ascena Retail Group, Inc.(A)		6,755		4,120
Barnes & Noble Education, Inc.(A)		1,363		4,580
Barnes & Noble, Inc.		2,219		14,845
Boot Barn Holdings, Inc.(A)		1,102		39,275
Buckle, Inc.(B)		1,109		19,197
Caleres, Inc.		1,642		32,709
Cato Corp., Class A		894		11,014
Chico’s FAS, Inc.		4,583		15,445
Children’s Place, Inc.(B)		616		58,754
Conn’s, Inc.(A)		955		17,018
Designer Brands, Inc., Class A		2,229		42,730
Express, Inc.(A)		2,610		7,125
GameStop Corp., Class A(B)		3,974		21,738
Genesco, Inc.(A)		674		28,503
Group 1 Automotive, Inc.		684		56,013
Guess?, Inc.		1,949		31,476
Haverty Furniture Cos., Inc.		731		12,449
Hibbett Sports, Inc.(A)		714		12,995
Kirkland’s, Inc.(A) (B)		550		1,243
Lithia Motors, Inc., Class A		868		103,101
Lumber Liquidators Holdings, Inc.(A) (B)		1,115		12,878
MarineMax, Inc.(A)		887		14,582
Monro, Inc.		1,289		109,952
Office Depot, Inc.		21,226		43,726
Rent-A-Center, Inc.(A)		1,743		46,416
RH(A) (B)		628		72,597
Shoe Carnival, Inc.(B)		378		10,433
Sleep Number Corp.(A)		1,174		47,418
Sonic Automotive, Inc., Class A		929		21,692
Tailored Brands, Inc.(B)		1,950		11,251
Tile Shop Holdings, Inc.		1,496		5,984
Vitamin Shoppe, Inc.(A) (B)		606		2,388
Zumiez, Inc.(A)		740		19,314
				1,058,402

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    22

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Technology Hardware, Storage & Peripherals - 0.5%
3D Systems Corp.(A) (B)		4,534		$   41,260
Cray, Inc.(A)		1,600		55,712
Diebold Nixdorf, Inc.(A)		2,976		27,260
Electronics For Imaging, Inc.(A)		1,676		61,861
				186,093
Textiles, Apparel & Luxury Goods - 1.1%
Crocs, Inc.(A)		2,541		50,185
Fossil Group, Inc.(A) (B)		1,773		20,390
G-III Apparel Group, Ltd.(A)		1,616		47,543
Kontoor Brands, Inc.(A)		1,805		50,576
Movado Group, Inc.		640		17,280
Oxford Industries, Inc.		661		50,104
Steven Madden, Ltd.		3,034		103,004
Unifi, Inc.(A)		566		10,284
Vera Bradley, Inc.(A)		813		9,756
Wolverine World Wide, Inc.		3,449		94,985
				454,107
Thrifts & Mortgage Finance - 1.3%
Axos Financial, Inc.(A)		2,096		57,116
Dime Community Bancshares, Inc.		1,191		22,617
Flagstar Bancorp, Inc.		1,119		37,084
HomeStreet, Inc.(A)		1,048		31,063
Meta Financial Group, Inc.		1,073		30,098
NMI Holdings, Inc., Class A(A)		2,624		74,495
Northfield Bancorp, Inc.		1,837		28,676
Northwest Bancshares, Inc.		4,127		72,676
Oritani Financial Corp.		1,489		26,415
Provident Financial Services, Inc.		2,386		57,860
TrustCo Bank Corp.		3,762		29,795
Walker & Dunlop, Inc.		1,099		58,478
				526,373
Tobacco - 0.1%
Universal Corp.		971		59,008
Trading Companies & Distributors - 0.6%
Applied Industrial Technologies, Inc.		1,500		92,295
DXP Enterprises, Inc.(A)		622		23,568
GMS, Inc.(A)		1,255		27,610
Kaman Corp.		1,086		69,167
Veritiv Corp.(A)		500		9,710
				222,350
Water Utilities - 0.5%
American States Water Co.		1,430		107,593
California Water Service Group		1,870		94,678
				202,271

	Shares		Value
COMMON STOCKS (continued)
Wireless Telecommunication Services - 0.0%(C)
Spok Holdings, Inc.		694		$   10,438
Total Common Stocks (Cost $28,078,200)				28,769,506
CONTINGENT VALUE RIGHT - 0.0%
Chemicals - 0.0%
A. Schulman, Inc.(D) (E) (F)		1,541		0
Total Contingent Value Right (Cost $667)				0
	Principal		Value
U.S. GOVERNMENT OBLIGATION - 27.5%
U.S. Treasury - 27.5%
U.S. Treasury Note 1.75%, 06/30/2024(G)		$  10,994,000		10,989,276
Total U.S. Government Obligation (Cost $10,986,722)				10,989,276
	Shares		Value
OTHER INVESTMENT COMPANY - 3.4%
Securities Lending Collateral - 3.4%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.33%(H)		1,378,846		1,378,846
Total Other Investment Company (Cost $1,378,846)				1,378,846
	Principal		Value
REPURCHASE AGREEMENT - 0.8%
Fixed Income Clearing Corp., 1.45% (H), dated 06/28/2019, to be repurchased at $328,207 on 07/01/2019. Collateralized by a U.S. Government Obligation, 1.13%, due 09/30/2021, and with a value of $336,349.		$  328,168		328,168
Total Repurchase Agreement (Cost $328,168)				328,168
Total Investments (Cost $40,772,603)				41,465,796
Net Other Assets (Liabilities) - (3.7)%				(1,485,110	)
Net Assets - 100.0%				$  39,980,686

FUTURES CONTRACTS:

Description	Long/Short		Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
E-Mini Russell 2000® Index		Long		3		09/20/2019	$	231,914	$	235,065	$	3,151	$	—

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    23

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs^(I)

	Level 1 -  Unadjusted Quoted Prices		Level 2 -  Other Significant Observable Inputs		Level 3 -  Significant Unobservable Inputs (J)		Value
ASSETS
Investments
Common Stocks	$	28,769,506	$	—	$	—	$	28,769,506
Contingent Value Right		—		—		0		0
U.S. Government Obligation		—		10,989,276		—		10,989,276
Other Investment Company		1,378,846		—		—		1,378,846
Repurchase Agreement		—		328,168		—		328,168
Total Investments	$	30,148,352	$	11,317,444	$	0	$	41,465,796
Other Financial Instruments
Futures Contracts(K)	$	3,151	$	—	$	—	$	3,151
Total Other Financial Instruments	$	3,151	$	—	$	—	$	3,151

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 $1,336,515. 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)	Security deemed worthless.
(E)	Security is Level 3 of the fair value hierarchy.
(F)	Fair valued as determined in good faith in accordance with procedures established by the Board. At June 30, 2019, the value of the security is $0, representing 0.00% of the Fund’s net assets.
(G)	When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after June 30, 2019. Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(H)	Rates disclosed reflect the yields at June 30, 2019.
(I)	There were no transfers in or out of Level 3 during thesix-month period ended June 30, 2019. Please reference the Security Valuation section of the Notes to Financial Statements for more information regarding security valuation and pricing inputs.
(J)	Level 3 securities were not considered significant to the Fund.
(K)	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 2019

Page    24

DeltaShares^® S&P EM 100 & Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 86.5%
Brazil - 7.4%
Ambev SA, ADR		72,242		$  337,370
Banco Bradesco SA, ADR		65,460		642,817
Itau Unibanco Holding SA, ADR		79,309		747,091
Petroleo Brasileiro SA, ADR		59,023		870,812
Vale SA, ADR		51,252		688,827
				3,286,917
China - 29.6%
Agricultural Bank of China, Ltd., H Shares		458,000		191,700
Alibaba Group Holding, Ltd., ADR(A)		10,478		1,775,497
Baidu, Inc., ADR(A)		4,387		514,858
Bank of China, Ltd., H Shares		1,233,000		520,819
Bank of Communications Co., Ltd., H Shares		344,000		261,110
China CITIC Bank Corp., Ltd., H Shares		187,000		106,515
China Construction Bank Corp., H Shares		1,753,000		1,510,104
China Evergrande Group(B)		47,000		131,750
China Life Insurance Co., Ltd., H Shares		116,000		285,676
China Merchants Bank Co., Ltd., H Shares		60,000		299,136
China Pacific Insurance Group Co., Ltd., H Shares		40,400		157,980
China Petroleum & Chemical Corp., H Shares		414,000		281,388
China Shenhua Energy Co., Ltd., H Shares		55,000		115,174
China Tower Corp., Ltd., H Shares(C)		702,000		184,205
CNOOC, Ltd.		261,000		446,331
Country Garden Holdings Co., Ltd.		114,000		173,353
CSPC Pharmaceutical Group, Ltd.		74,000		119,347
Ctrip.com International, Ltd., ADR(A)		5,882		217,105
Geely Automobile Holdings, Ltd.		84,000		143,647
Industrial & Commercial Bank of China, Ltd., H Shares		1,271,000		927,322
JD.com, Inc., ADR(A)		12,794		387,530
NetEase, Inc., ADR		1,160		296,693
New Oriental Education & Technology Group, Inc., ADR(A)		1,843		177,997
PetroChina Co., Ltd., H Shares		342,000		188,675
PICC Property & Casualty Co., Ltd., H Shares		110,000		118,694
Ping An Insurance Group Co. of China, Ltd., H Shares		81,500		978,522
Sunny Optical Technology Group Co., Ltd.		10,300		106,395
TAL Education Group, ADR(A)		5,647		215,151
Tencent Holdings, Ltd.		41,800		1,886,551
Xiaomi Corp., Class B(A) (C)		208,600		267,008
Yum China Holdings, Inc.		6,065		280,203
				13,266,436
Hong Kong - 3.1%
China Mobile, Ltd.		90,500		824,202
China Overseas Land & Investment, Ltd.		60,000		221,184
China Resources Land, Ltd.		44,000		193,741
CITIC, Ltd.		104,000		149,893
				1,389,020
India - 5.3%
HDFC Bank, Ltd., ADR		10,897		1,417,046
ICICI Bank, Ltd., ADR		25,413		319,949
Infosys, Ltd., ADR		60,654		648,998
				2,385,993

	Shares		Value
COMMON STOCKS (continued)
Indonesia - 2.8%
Astra International Tbk PT		329,800		$   173,917
Bank Central Asia Tbk PT		180,800		383,612
Bank Mandiri Persero Tbk PT		304,200		172,798
Bank Rakyat Indonesia Persero Tbk PT		864,300		266,738
Telekomunikasi Indonesia Persero Tbk PT		791,000		231,799
				1,228,864
Malaysia - 1.2%
Malayan Banking Bhd.		84,500		181,575
Public Bank Bhd.		41,200		229,304
Tenaga Nasional Bhd.		41,800		139,991
				550,870
Mexico - 2.9%
America Movil SAB de CV, Series L		387,339		281,659
Cemex SAB de CV		242,391		102,070
Fomento Economico Mexicano SAB de CV		30,026		290,638
Grupo Financiero Banorte SAB de CV, Class O		45,510		263,798
Grupo Mexico SAB de CV, Series B		57,765		153,255
Wal-Mart de Mexico SAB de CV		79,552		216,979
				1,308,399
Peru - 0.6%
Credicorp, Ltd.		1,072		245,392
Poland - 0.6%
Polski Koncern Naftowy Orlen SA		4,656		112,342
Powszechna Kasa Oszczednosci Bank Polski SA		13,836		158,870
				271,212
Qatar - 0.8%
Qatar National Bank QPSC		71,283		372,541
Republic of Korea - 13.6%
Celltrion, Inc.(A)		1,637		291,347
Hana Financial Group, Inc.		4,803		155,573
Hyundai Mobis Co., Ltd.(A)		1,110		226,393
Hyundai Motor Co.		2,387		289,421
KB Financial Group, Inc.		6,488		257,632
Kia Motors Corp.		4,322		164,697
KT&G Corp.		2,068		176,415
LG Chem, Ltd.		756		232,107
LG Corp.		2,095		139,528
LG Household & Health Care, Ltd.		155		176,257
NAVER Corp.		2,408		237,745
POSCO		1,284		271,890
Samsung C&T Corp.		1,508		124,986
Samsung Electronics Co., Ltd.		44,116		1,795,741
Samsung Fire & Marine Insurance Co., Ltd.		521		120,927
Samsung SDI Co., Ltd.		866		177,377
Shinhan Financial Group Co., Ltd.		7,736		300,824
SK Holdings Co., Ltd.		543		109,103
SK Hynix, Inc.		9,491		571,277
SK Innovation Co., Ltd.		999		137,566
SK Telecom Co., Ltd.		635		142,437
				6,099,243
Republic of South Africa - 6.8%
FirstRand, Ltd.		54,503		264,954
MTN Group, Ltd.(B)		31,594		239,175
Naspers, Ltd., N Shares		6,802		1,649,469

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    25

DeltaShares^® S&P EM 100 & Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Republic of South Africa (continued)
Old Mutual, Ltd.(B)		79,986		$   119,531
Remgro, Ltd.		8,362		111,424
Sanlam, Ltd.		28,884		160,097
Sasol, Ltd.		9,084		225,605
Standard Bank Group, Ltd.		20,028		279,330
				3,049,585
Russian Federation - 6.0%
Gazprom PJSC, ADR		96,829		709,369
Lukoil PJSC, ADR		6,095		514,540
MMC Norilsk Nickel PJSC, ADR		9,643		218,993
Novatek PJSC, GDR		1,346		285,352
Sberbank of Russia PJSC, ADR		43,135		663,416
Tatneft PJSC, ADR		4,206		310,403
				2,702,073
Taiwan - 4.4%
Taiwan Semiconductor Manufacturing Co., Ltd., ADR		49,750		1,948,708
Thailand - 1.0%
CP ALL PCL		72,800		203,558
PTT PCL		140,600		223,502
				427,060
United Arab Emirates - 0.4%
First Abu Dhabi Bank PJSC		43,392		175,546
Total Common Stocks (Cost $38,936,536)				38,707,859
PREFERRED STOCKS - 0.6%
Republic of Korea - 0.6%
Hyundai Motor Co., 3.62%(D)		603		45,069

	Shares		Value
PREFERRED STOCKS (continued)
Republic of Korea (continued)
Samsung Electronics Co., Ltd., 2.85%(D)		6,670		$   220,956
Total Preferred Stocks (Cost $258,734)				266,025
	Principal		Value
U.S. GOVERNMENT OBLIGATION - 12.1%
U.S. Treasury - 12.1%
U.S. Treasury Note 1.75%, 06/30/2024(E)		$  5,408,000		5,405,675
Total U.S. Government Obligation (Cost $5,404,431)				5,405,675
	Shares		Value
OTHER INVESTMENT COMPANY - 1.0%
Securities Lending Collateral - 1.0%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.33%(D)		455,626		455,626
Total Other Investment Company (Cost $455,626)				455,626
Total Investments (Cost $45,055,327)				44,835,185
Net Other Assets (Liabilities) - (0.2)%				(74,268	)
Net Assets - 100.0%				$  44,760,917

FUTURES CONTRACTS:
Description	Long/Short		Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
MSCI Emerging Markets Index		Long		7		09/20/2019	$	353,587	$	368,690	$	15,103	$	—

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Banks		24.6	%	$	11,050,558
U.S. Government Obligation		12.1			5,405,675
Oil, Gas & Consumable Fuels		9.4			4,195,454
Internet & Direct Marketing Retail		9.0			4,029,601
Interactive Media & Services		5.9			2,639,154
Semiconductors & Semiconductor Equipment		5.6			2,519,985
Technology Hardware, Storage & Peripherals		5.1			2,283,705
Insurance		4.3			1,941,427
Wireless Telecommunication Services		3.3			1,487,473
Metals & Mining		3.0			1,332,965
Automobiles		1.8			816,751
Real Estate Management & Development		1.6			720,028
IT Services		1.5			648,998
Beverages		1.4			628,008
Industrial Conglomerates		1.2			523,510

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    26

DeltaShares^® S&P EM 100 & Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

INVESTMENTS BY INDUSTRY (continued):

Industry	Percentage of Total Investments			Value
Chemicals		1.0	%	$	457,712
Food & Staples Retailing		0.9			420,537
Diversified Telecommunication Services		0.9			416,004
Diversified Consumer Services		0.9			393,148
Diversified Financial Services		0.8			376,378
Entertainment		0.7			296,693
Biotechnology		0.7			291,347
Electronic Equipment, Instruments & Components		0.6			283,772
Hotels, Restaurants & Leisure		0.6			280,203
Auto Components		0.5			226,393
Tobacco		0.4			176,415
Personal Products		0.4			176,257
Electric Utilities		0.3			139,991
Pharmaceuticals		0.3			119,347
Construction Materials		0.2			102,070
Investments		99.0			44,379,559
Short-Term Investments		1.0			455,626
Total Investments		100.0	%	$	44,835,185

SECURITY VALUATION:

Valuation Inputs^(F)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Common Stocks	$	19,220,656	$	19,487,203	$	—	$	38,707,859
Preferred Stocks		—		266,025		—		266,025
U.S. Government Obligation		—		5,405,675		—		5,405,675
Other Investment Company		455,626		—		—		455,626
Total Investments	$	19,676,282	$	25,158,903	$	—	$	44,835,185
Other Financial Instruments
Futures Contracts(G)	$	15,103	$	—	$	—	$	15,103
Total Other Financial Instruments	$	15,103	$	—	$	—	$	15,103

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 $429,996. 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)	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, 2019, the total value of 144A securities is $451,213, representing 1.0% of the Fund’s net assets.
(D)	Rates disclosed reflect the yields at June 30, 2019.
(E)	When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after June 30, 2019. Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(F)	There were no transfers in or out of Level 3 during the period ended June 30, 2019. Please reference the Security Valuation section of the Notes to Financial Statements for more information regarding security valuation and pricing inputs.
(G)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).

PORTFOLIO ABBREVIATIONS:

ADR	American Depositary Receipt
GDR	Global Depositary Receipt

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    27

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS - 98.2%
Australia - 7.0%
AGL Energy, Ltd.		8,700		$  122,165
Alumina, Ltd.		19,439		31,784
AMP, Ltd.(A)		39,169		58,272
APA Group		15,644		118,564
Aristocrat Leisure, Ltd.		8,547		184,254
Atlassian Corp. PLC, Class A(B)		1,638		214,316
Aurizon Holdings, Ltd.		11,993		45,447
AusNet Services		24,729		32,538
Australia & New Zealand Banking Group, Ltd.		38,301		758,221
Bendigo & Adelaide Bank, Ltd.(A)		6,492		52,756
BHP Group PLC		27,920		716,006
BHP Group, Ltd.		38,940		1,124,744
BlueScope Steel, Ltd.		7,353		62,178
Boral, Ltd.		15,801		56,772
Brambles, Ltd.		21,243		192,006
Caltex Australia, Ltd.		3,486		60,546
Challenger, Ltd.		7,730		36,019
CIMIC Group, Ltd.		1,312		41,220
Coca-Cola Amatil, Ltd.		6,946		49,816
Cochlear, Ltd.		766		111,185
Coles Group, Ltd.(B)		15,039		140,891
Commonwealth Bank of Australia(A)		23,130		1,343,642
Computershare, Ltd.		6,865		78,092
Crown Resorts, Ltd.		5,043		44,060
CSL, Ltd.		5,997		904,805
Dexus, REIT		14,990		136,540
Domino’s Pizza Enterprises, Ltd.(A)		848		22,399
Flight Centre Travel Group, Ltd.(A)		786		22,918
Fortescue Metals Group, Ltd.		22,566		142,838
Goodman Group, REIT		21,798		229,910
GPT Group, REIT		24,891		107,424
Harvey Norman Holdings, Ltd.(A)		8,420		24,048
Incitec Pivot, Ltd.		22,419		53,648
Insurance Australia Group, Ltd.		31,466		182,391
LendLease Group		7,794		71,103
Macquarie Group, Ltd.		4,214		370,800
Magellan Financial Group, Ltd.		1,331		47,635
Medibank Pvt, Ltd.		36,746		89,995
Mirvac Group, REIT		50,920		111,845
National Australia Bank, Ltd.		36,137		677,596
Newcrest Mining, Ltd.		10,137		227,281
Oil Search, Ltd.		17,647		87,553
Orica, Ltd.		5,012		71,293
Origin Energy, Ltd.		23,295		119,498
Qantas Airways, Ltd.		12,691		48,092
QBE Insurance Group, Ltd.		18,148		150,659
Ramsay Health Care, Ltd.		1,763		89,374
REA Group, Ltd.(A)		708		47,716
Santos, Ltd.		23,411		116,315
Scentre Group, REIT		71,236		191,961
SEEK, Ltd.		4,802		71,305
Seven Group Holdings, Ltd.(A)		504		6,540
Sonic Healthcare, Ltd.		6,380		121,331
South32, Ltd.		68,245		152,293
Stockland, REIT		33,391		97,712
Suncorp Group, Ltd.		17,249		163,047
Sydney Airport		14,729		83,102
Tabcorp Holdings, Ltd.		15,766		49,234

	Shares		Value
COMMON STOCKS (continued)
Australia (continued)
Telstra Corp., Ltd.		55,195		$   149,122
TPG Telecom, Ltd.		3,428		15,492
Transurban Group		28,874		298,667
Treasury Wine Estates, Ltd.		9,607		100,586
Vicinity Centres, REIT		44,265		76,104
Washington H Soul Pattinson & Co., Ltd.		1,650		25,462
Wesfarmers, Ltd.		15,039		381,619
Westpac Banking Corp.		45,219		899,932
Woodside Petroleum, Ltd.		12,405		316,521
Woolworths Group, Ltd.		17,459		407,129
				13,436,329
Austria - 0.3%
ams AG(B)		842		33,050
Andritz AG		1,000		37,694
CA Immobilien Anlagen AG		1,219		44,839
Erste Group Bank AG(B)		4,525		168,196
Immofinanz AG(A) (B)		1,493		38,969
Lenzing AG		178		19,865
OMV AG		1,960		95,643
Raiffeisen Bank International AG		1,826		42,899
Verbund AG		1,248		65,376
voestalpine AG		1,593		49,290
Wienerberger AG		1,671		41,294
				637,115
Belgium - 1.2%
Ackermans & van Haaren NV		335		50,320
Ageas		2,584		134,509
Anheuser-Busch InBev SA		13,084		1,159,821
Colruyt SA		812		47,160
Groupe Bruxelles Lambert SA		1,099		107,983
KBC Group NV		4,529		297,286
Proximus SADP		2,101		62,017
Sofina SA		275		52,487
Solvay SA		962		99,802
Telenet Group Holding NV		763		42,576
UCB SA		1,709		141,918
Umicore SA(A)		2,762		88,699
				2,284,578
Bermuda - 0.0%(C)
Golar LNG, Ltd.		1,919		35,463
Chile - 0.0%(C)
Antofagasta PLC		4,541		53,725
China - 0.1%
ENN Energy Holdings, Ltd.		11,000		107,008
Evergrande Health Industry Group, Ltd.(A) (B)		25,000		27,072
Fosun International, Ltd.		29,000		38,530
				172,610
Denmark - 1.7%
Ambu A/S, B Shares(A)		2,239		36,332
AP Moller - Maersk A/S, Class A		38		44,181
AP Moller - Maersk A/S, Class B(A)		78		96,899
Carlsberg A/S, Class B		1,433		190,265
Chr Hansen Holding A/S		1,296		121,888
Coloplast A/S, Class B		1,570		177,697
Danske Bank A/S		9,277		146,855
Demant A/S(A) (B)		1,435		44,688

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    28

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Denmark (continued)
DSV A/S		2,523		$   248,142
Genmab A/S(B)		806		148,435
GN Store Nord A/S		1,576		73,654
H. Lundbeck A/S		788		31,176
ISS A/S		2,515		76,018
Novo Nordisk A/S, Class B		22,823		1,164,830
Novozymes A/S, Class B		2,905		135,676
Orsted A/S(D)		2,404		208,195
Pandora A/S		1,457		51,909
Rockwool International A/S, B Shares		23		5,882
Tryg A/S		1,743		56,752
Vestas Wind Systems A/S		2,733		236,437
				3,295,911
Finland - 1.2%
Cargotec OYJ, B Shares		549		20,869
Elisa OYJ		2,093		102,276
Fortum OYJ		5,779		127,904
Huhtamaki OYJ		1,313		54,068
Kesko OYJ, Class B		972		54,150
Kone OYJ, Class B		5,345		315,909
Metso OYJ		1,711		67,320
Neste OYJ		5,118		173,919
Nokia OYJ		75,009		372,945
Nokian Renkaat OYJ(B)		1,569		49,065
Nordea Bank Abp		41,986		305,091
Orion OYJ, Class B		1,398		51,312
Sampo OYJ, Class A		6,289		297,220
Stora Enso OYJ, Class R		7,728		90,955
UPM-Kymmene OYJ		7,116		189,384
Wartsila OYJ Abp		6,050		87,879
				2,360,266
France - 9.7%
Accor SA		2,469		106,142
Aeroports de Paris		431		76,176
Air Liquide SA		5,653		792,151
Airbus SE		7,659		1,087,468
Amundi SA(D)		686		47,967
AXA SA		25,601		673,467
BNP Paribas SA		14,869		707,199
Bollore SA		12,534		55,382
Bouygues SA		2,940		109,047
Bureau Veritas SA		3,612		89,342
Capgemini SE		2,136		265,991
Carrefour SA		7,830		151,407
Christian Dior SE		158		82,948
Cie de Saint-Gobain		7,350		286,888
Cie Generale des Etablissements Michelin SCA		2,390		303,609
CNP Assurances		2,130		48,416
Credit Agricole SA		16,145		193,880
Danone SA		8,330		706,722
Dassault Aviation SA		40		57,578
Dassault Systemes SE		1,844		294,623
Electricite de France SA		4,628		58,422
Engie SA		21,316		323,824
EssilorLuxottica SA		3,462		452,405
Hermes International		392		283,113
Ipsen SA		352		48,103

	Shares		Value
COMMON STOCKS (continued)
France (continued)
Kering SA		997		$   590,513
Klepierre SA, REIT(A)		2,878		96,620
L’Oreal SA		3,235		922,847
Legrand SA		3,526		258,191
LVMH Moet Hennessy Louis Vuitton SE		3,560		1,517,461
Natixis SA		12,081		48,689
Orange SA		28,440		449,052
Pernod Ricard SA(A)		2,783		513,582
Peugeot SA		7,350		181,382
Publicis Groupe SA		2,899		153,283
Renault SA		2,548		160,433
Safran SA		4,312		632,719
Sanofi		15,160		1,310,527
Schneider Electric SE		7,141		648,622
Societe Generale SA		10,013		253,370
Sodexo SA		1,215		142,238
Thales SA		1,412		174,708
TOTAL SA		33,232		1,864,793
Unibail-Rodamco-Westfield, REIT(A)		1,810		271,567
Valeo SA		3,154		102,725
Veolia Environnement SA		7,466		182,119
Vinci SA		6,857		703,256
Vivendi SA		10,226		281,935
				18,762,902
Germany - 7.4%
1&1 Drillisch AG		271		9,049
adidas AG		2,327		719,472
Allianz SE		5,700		1,376,126
BASF SE		12,132		883,114
Bayer AG		11,910		826,536
Bayerische Motoren Werke AG		4,539		336,451
Beiersdorf AG		1,319		158,544
Commerzbank AG		13,948		100,371
Continental AG		1,425		208,074
Covestro AG(D)		1,901		96,791
Daimler AG		13,165		733,499
Deutsche Bank AG		24,861		191,953
Deutsche Boerse AG		2,569		363,942
Deutsche Lufthansa AG		3,292		56,496
Deutsche Post AG		12,903		424,655
Deutsche Telekom AG		42,859		742,465
Deutsche Wohnen SE		4,728		173,750
E.ON SE		29,141		316,957
Evonik Industries AG		1,980		57,746
Fresenius Medical Care AG & Co. KGaA		2,861		224,940
Fresenius SE & Co. KGaA		5,463		296,630
Hannover Rueck SE		803		130,036
HeidelbergCement AG		1,802		146,029
Henkel AG & Co. KGaA		1,354		124,511
HOCHTIEF AG		280		34,150
Infineon Technologies AG		14,987		265,395
Innogy SE(D)		1,667		79,162
Knorr-Bremse AG		84		9,375
Merck KGaA		1,708		178,869
MTU Aero Engines AG		539		128,594
Muenchener Rueckversicherungs-Gesellschaft AG		1,985		498,897

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    29

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Germany (continued)
RWE AG		6,922		$   170,820
SAP SE		13,733		1,888,583
Siemens AG		11,251		1,340,203
Siemens Healthineers AG(D)		919		38,838
Symrise AG		1,119		107,858
Telefonica Deutschland Holding AG		10,753		30,087
thyssenkrupp AG		5,138		75,041
TUI AG		6,023		59,208
United Internet AG(E)		1,692		55,802
Volkswagen AG		417		71,778
Vonovia SE		6,820		326,198
Wirecard AG		1,492		251,550
Zalando SE(B) (D)		1,610		71,542
				14,380,087
Hong Kong - 3.6%
AIA Group, Ltd.		156,800		1,690,931
Alibaba Health Information Technology, Ltd. (A) (B)		40,000		38,298
ASM Pacific Technology, Ltd.		3,800		38,912
Bank of East Asia, Ltd.		19,800		55,377
BOC Hong Kong Holdings, Ltd.		47,500		186,960
Cathay Pacific Airways, Ltd.		14,000		20,930
CK Asset Holdings, Ltd.		38,500		301,347
CK Hutchison Holdings, Ltd.		37,500		369,600
CK Infrastructure Holdings, Ltd.		9,000		73,382
CLP Holdings, Ltd.		25,000		275,840
Dairy Farm International Holdings, Ltd.		4,000		28,600
Galaxy Entertainment Group, Ltd.		33,000		222,393
Hang Lung Properties, Ltd.		20,000		47,565
Hang Seng Bank, Ltd.		9,500		236,512
Henderson Land Development Co., Ltd.		22,000		121,229
HK Electric Investments & HK Electric Investments, Ltd.		38,500		39,424
HKT Trust & HKT, Ltd.		40,000		63,488
Hong Kong & China Gas Co., Ltd.		139,700		309,709
Hong Kong Exchanges & Clearing, Ltd.		15,400		543,657
Hongkong Land Holdings, Ltd.		15,300		98,532
Jardine Matheson Holdings, Ltd.		4,000		252,080
Jardine Strategic Holdings, Ltd.		1,800		68,634
Kerry Properties, Ltd.		9,000		37,786
Link REIT		28,000		344,064
Melco Resorts & Entertainment, Ltd., ADR		2,108		45,786
MTR Corp., Ltd.		20,000		134,656
New World Development Co., Ltd.		79,000		123,569
NWS Holdings, Ltd.		18,000		37,002
Power Assets Holdings, Ltd.		20,000		143,872
Shangri-La Asia, Ltd.		22,000		27,738
Sino Land Co., Ltd.		40,000		67,072
SJM Holdings, Ltd.		32,000		36,413
Sun Hung Kai Properties, Ltd.		18,500		313,760
Swire Pacific, Ltd., Class B		45,000		85,248
Swire Properties, Ltd.		15,400		62,191
Techtronic Industries Co., Ltd.		20,000		153,088
Wharf Holdings, Ltd.		18,000		47,693
Wharf Real Estate Investment Co., Ltd.		17,000		119,789
Wheelock & Co., Ltd.		15,000		107,520
Yue Yuen Industrial Holdings, Ltd.		9,000		24,653
				6,995,300

	Shares		Value
COMMON STOCKS (continued)
Ireland - 0.7%
AerCap Holdings NV(B)		1,656		$   86,129
AIB Group PLC		2,827		11,577
Bank of Ireland Group PLC		13,275		69,480
CRH PLC		11,748		383,833
DCC PLC		1,356		121,150
Flutter Entertainment PLC		1,209		91,062
Glanbia PLC		1,841		29,980
ICON PLC(B)		533		82,066
James Hardie Industries PLC, CDI		5,939		77,936
Kerry Group PLC, Class A		1,633		195,265
Kingspan Group PLC		1,640		89,198
Smurfit Kappa Group PLC		3,619		109,668
				1,347,344
Isle of Man - 0.0%(C)
GVC Holdings PLC		5,923		49,134
Israel - 0.7%
Azrieli Group, Ltd.		647		43,356
Bank Hapoalim BM		16,420		121,819
Bank LeumiLe-Israel BM		21,676		156,559
Bezeq Israeli Telecommunication Corp., Ltd.		33,456		25,327
Check Point Software Technologies, Ltd.(B)		1,839		212,607
CyberArk Software, Ltd.(B)		432		55,227
Elbit Systems, Ltd.		399		59,404
Israel Chemicals, Ltd.		9,070		47,530
Israel Corp., Ltd.(B)		11		2,668
Israel Discount Bank, Ltd., A Shares		21,070		86,075
Mellanox Technologies, Ltd.(B)		549		60,758
Mizrahi Tefahot Bank, Ltd.(B)		3,066		70,724
Nice, Ltd.(B)		993		135,062
Plus500, Ltd.		977		6,491
Teva Pharmaceutical Industries, Ltd., ADR(B)		13,084		120,765
Tower Semiconductor, Ltd.(B)		1,491		22,888
Wix.com, Ltd.(B)		492		69,913
				1,297,173
Italy - 2.1%
A2A SpA		22,472		39,052
Assicurazioni Generali SpA		16,831		317,408
Atlantia SpA		6,289		164,079
Banca Mediolanum SpA		3,892		28,698
Banco BPM SpA(B)		20,285		41,350
Davide Campari-Milano SpA		8,060		79,075
DiaSorin SpA		98		11,394
Enel SpA		102,392		715,949
Eni SpA		33,850		563,038
Ferrari NV		1,679		273,040
FinecoBank Banca Fineco SpA		5,482		61,243
Freni Brembo SpA		2,175		25,091
Intesa Sanpaolo SpA		204,310		437,882
Leonardo SpA		5,321		67,534
Mediobanca Banca di Credito Finanziario SpA		8,379		86,508
Moncler SpA		2,275		97,413
Poste Italiane SpA(D)		6,637		69,989
Prada SpA		2,700		8,346
Prysmian SpA(A)		3,651		75,463
Recordati SpA		1,472		61,454
Saipem SpA(B)		5,021		25,016
Snam SpA		30,190		150,277

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    30

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Italy (continued)
Telecom Italia SpA(B)		134,908		$   73,775
Telecom Italia SpA		93,614		48,624
Terna Rete Elettrica Nazionale SpA		19,603		125,014
UniCredit SpA		27,441		338,310
Unione di Banche Italiane SpA(A)		13,725		37,512
UnipolSai Assicurazioni SpA(A)		14,683		37,773
				4,060,307
Japan - 25.9%
Acom Co., Ltd.		6,000		21,608
Activia Properties, Inc., REIT		20		87,061
Advance Residence Investment Corp., REIT		20		59,495
Advantest Corp.		2,000		55,040
Aeon Co., Ltd.		11,800		202,727
AEON Financial Service Co., Ltd.		2,000		32,207
Aeon Mall Co., Ltd.		2,000		30,110
AGC, Inc.		4,000		138,296
Air Water, Inc.		2,100		35,942
Aisin Seiki Co., Ltd.		2,000		68,869
Ajinomoto Co., Inc.		7,800		135,237
Alfresa Holdings Corp.		3,800		93,748
Alps Alpine Co., Ltd.		2,100		35,396
Amada Holdings Co., Ltd.		6,000		67,552
ANA Holdings, Inc.		2,000		66,234
Aozora Bank, Ltd.		2,000		48,004
Asahi Group Holdings, Ltd.(A)		6,000		269,816
Asahi Intecc Co., Ltd.		2,800		68,973
Asahi Kasei Corp.		19,700		210,000
Asics Corp.		2,100		22,746
Astellas Pharma, Inc.		27,200		387,526
Azbil Corp.		3,200		78,173
Bandai Namco Holdings, Inc.		3,400		165,045
Bank of Kyoto, Ltd.		200		7,732
Benesse Holdings, Inc.		1,800		41,901
Bridgestone Corp.(A)		8,500		334,667
Brother Industries, Ltd.		4,000		75,552
Calbee, Inc.		2,000		53,982
Canon, Inc.(A)		13,700		400,039
Capcom Co., Ltd.		900		18,060
Casio Computer Co., Ltd.		4,000		49,675
Central Japan Railway Co.		2,400		480,713
Chiba Bank, Ltd.		12,200		59,562
Chubu Electric Power Co., Inc.		9,800		137,486
Chugai Pharmaceutical Co., Ltd.(A)		2,100		137,219
Chugoku Bank, Ltd.		2,100		18,517
Chugoku Electric Power Co., Inc.		4,000		50,418
Citizen Watch Co., Ltd.		4,000		20,531
Coca-Cola Bottlers Japan Holdings, Inc.(A)		2,000		50,659
COMSYS Holdings Corp.		2,100		53,250
Concordia Financial Group, Ltd.		17,400		64,761
Cosmos Pharmaceutical Corp.		200		33,952
Credit Saison Co., Ltd.		2,100		24,579
CyberAgent, Inc.		1,500		54,367
Dai Nippon Printing Co., Ltd.		400		8,524
Dai-ichi Life Holdings, Inc.		15,800		238,305
Daicel Corp.		3,800		33,789
Daifuku Co., Ltd.		1,800		101,077
Daiichi Sankyo Co., Ltd.		7,800		407,954

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Daikin Industries, Ltd.		4,000		$   522,183
Daito Trust Construction Co., Ltd.		1,100		140,231
Daiwa House Industry Co., Ltd.		9,500		276,958
Daiwa House Investment Corp., REIT		25		60,354
Daiwa Securities Group, Inc.		19,900		87,199
DeNA Co., Ltd.		2,000		38,333
Denso Corp.		7,300		307,137
Dentsu, Inc.		3,700		129,126
DIC Corp.(A)		2,000		52,794
Disco Corp.		300		49,230
East Japan Railway Co.		6,000		561,351
Ebara Corp.		1,500		40,709
Eisai Co., Ltd.		4,000		226,137
Electric Power Development Co., Ltd., Class C		2,000		45,443
Ezaki Glico Co., Ltd.		300		13,366
FamilyMart UNY Holdings Co., Ltd.		4,300		102,651
Fancl Corp.		900		22,137
FANUC Corp.		2,300		425,459
Fast Retailing Co., Ltd.		800		483,609
Fuji Electric Co., Ltd.		1,300		44,826
FUJIFILM Holdings Corp.		6,000		304,232
Fujitsu, Ltd.		2,000		139,447
Fukuoka Financial Group, Inc.		3,400		62,074
Furukawa Electric Co., Ltd.		1,400		40,997
GLPJ-REIT		48		54,709
GMO Payment Gateway, Inc.		400		27,511
GungHo Online Entertainment, Inc.(A)		440		12,170
Gunma Bank, Ltd.		6,000		20,995
H2O Retailing Corp.		2,000		23,056
Hachijuni Bank, Ltd.		7,800		31,782
Hakuhodo DY Holdings, Inc.		4,000		67,347
Hamamatsu Photonics KK		1,800		70,085
Hankyu Hanshin Holdings, Inc.		4,000		143,308
Harmonic Drive Systems, Inc.(A)		300		11,570
Haseko Corp.		4,000		40,468
Hikari Tsushin, Inc.		300		65,407
Hino Motors, Ltd.		4,000		33,674
Hirose Electric Co., Ltd.		200		22,313
Hisamitsu Pharmaceutical Co., Inc.		1,400		55,291
Hitachi Chemical Co., Ltd.		1,800		48,884
Hitachi Construction Machinery Co., Ltd.		2,000		52,014
Hitachi High-Technologies Corp.		1,100		56,562
Hitachi Metals, Ltd.(A)		2,100		23,721
Hitachi, Ltd.		11,800		432,506
Hokuhoku Financial Group, Inc.		2,000		20,791
Hokuriku Electric Power Co.(B)		4,000		28,996
Honda Motor Co., Ltd.		23,600		610,043
Hoshizaki Corp.		700		52,107
House Foods Group, Inc.		1,800		67,579
Hoya Corp.		5,300		406,035
Hulic Co., Ltd.		6,000		48,227
Ibiden Co., Ltd.		2,000		35,010
Idemitsu Kosan Co., Ltd.		2,900		87,210
IHI Corp.		2,000		48,209
Iida Group Holdings Co., Ltd.		2,100		33,915
Inpex Corp.		13,700		123,509
Isetan Mitsukoshi Holdings, Ltd.		6,000		48,673
Isuzu Motors, Ltd.		7,800		88,831

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    31

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Ito En, Ltd.		1,400		$   65,231
ITOCHU Corp.		21,100		403,532
Itochu Techno-Solutions Corp.		400		10,254
Itoham Yonekyu Holdings, Inc.		2,100		14,307
Iyo Bank, Ltd.		4,000		20,197
Izumi Co., Ltd.		300		12,126
J. Front Retailing Co., Ltd.		4,000		45,851
Japan Airlines Co., Ltd.		1,800		57,522
Japan Airport Terminal Co., Ltd.		1,500		63,973
Japan Exchange Group, Inc.		7,700		122,354
Japan Hotel Investment Corp., REIT		67		53,978
Japan Post Bank Co., Ltd.		6,000		60,924
Japan Post Holdings Co., Ltd.		9,100		103,044
Japan Prime Realty Investment Corp., REIT		20		86,690
Japan Real Estate Investment Corp., REIT		20		121,775
Japan Retail Fund Investment Corp., REIT		40		80,936
Japan Tobacco, Inc.(A)		15,100		333,492
JFE Holdings, Inc.		7,800		114,567
JGC Corp.		4,000		54,873
JSR Corp.		2,100		33,155
JTEKT Corp.		4,000		48,487
JXTG Holdings, Inc.		43,100		213,780
K’s Holdings Corp.		4,100		38,702
Kagome Co., Ltd.		2,000		46,501
Kajima Corp.		7,900		108,374
Kakaku.com, Inc.		1,400		27,028
Kansai Electric Power Co., Inc.		11,800		135,206
Kansai Paint Co., Ltd.		4,000		83,869
Kao Corp.(A)		6,000		457,212
Kawasaki Heavy Industries, Ltd.		2,000		47,021
KDDI Corp.		22,500		572,942
Keihan Holdings Co., Ltd.		100		4,358
Keikyu Corp.		1,800		30,991
Keio Corp.		900		59,226
Keisei Electric Railway Co., Ltd.		2,100		76,504
Kewpie Corp.		1,800		39,779
Keyence Corp.		1,200		736,551
Kikkoman Corp.		2,000		87,061
Kinden Corp.		2,100		32,180
Kintetsu Group Holdings Co., Ltd.		2,100		100,575
Kirin Holdings Co., Ltd.(A)		11,800		254,477
Kobayashi Pharmaceutical Co., Ltd.(A)		500		35,781
Kobe Steel, Ltd.		6,000		39,261
Koito Manufacturing Co., Ltd.		2,000		106,738
Komatsu, Ltd.		13,300		320,958
Konami Holdings Corp.		1,700		79,683
Konica Minolta, Inc.		7,800		75,944
Kose Corp.		300		50,316
Kubota Corp.		15,600		259,614
Kuraray Co., Ltd.		4,000		47,782
Kurita Water Industries, Ltd.		2,000		49,657
Kyocera Corp.		4,100		267,714
Kyowa Hakko Kirin Co., Ltd.(A)		4,000		71,988
Kyushu Electric Power Co., Inc.		6,000		58,920
Kyushu Financial Group, Inc.		6,000		23,724
Kyushu Railway Co.		2,000		58,288
LINE Corp.(A) (B)		600		16,790
Lion Corp.		4,000		74,513

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
LIXIL Group Corp.		4,000		$   63,263
M3, Inc.		4,900		89,550
Mabuchi Motor Co., Ltd.(A)		200		6,841
Makita Corp.		4,000		135,883
Marubeni Corp.		23,600		156,180
Marui Group Co., Ltd.		3,900		79,419
Maruichi Steel Tube, Ltd.		1,800		50,004
Matsumotokiyoshi Holdings Co., Ltd.		800		23,390
Mazda Motor Corp.		7,800		81,410
McDonald’s Holdings Co. Japan, Ltd.(A)		1,500		66,131
Mebuki Financial Group, Inc.		13,700		35,731
Medipal Holdings Corp.		2,100		46,370
MEIJI Holdings Co., Ltd.		2,000		142,937
Mercari, Inc.(B)		500		13,263
Minebea Mitsumi, Inc.		6,000		101,634
MISUMI Group, Inc.		4,100		102,823
Mitsubishi Chemical Holdings Corp.		19,700		137,611
Mitsubishi Corp.		21,600		569,371
Mitsubishi Electric Corp.		29,500		388,533
Mitsubishi Estate Co., Ltd.		17,800		331,251
Mitsubishi Gas Chemical Co., Inc.		3,800		50,648
Mitsubishi Heavy Industries, Ltd.		4,000		174,160
Mitsubishi Materials Corp.		2,000		56,896
Mitsubishi Motors Corp.		9,800		46,935
Mitsubishi Tanabe Pharma Corp.		4,000		44,552
Mitsubishi UFJ Financial Group, Inc.		173,400		824,028
Mitsubishi UFJ Lease & Finance Co., Ltd.		7,800		41,338
Mitsui & Co., Ltd.		23,000		374,438
Mitsui Chemicals, Inc.		4,000		99,016
Mitsui Fudosan Co., Ltd.		13,700		332,200
Mitsui O.S.K. Lines, Ltd.		2,000		47,875
Miura Co., Ltd.		1,000		30,861
Mizuho Financial Group, Inc.		335,500		486,092
MonotaRO Co., Ltd.		2,300		56,059
Morinaga & Co., Ltd.		100		4,873
MS&AD Insurance Group Holdings, Inc.		7,300		231,725
Murata Manufacturing Co., Ltd.		8,000		359,384
Nabtesco Corp.(A)		2,000		55,578
Nagoya Railroad Co., Ltd.		4,100		113,441
Nankai Electric Railway Co., Ltd.		200		4,864
NEC Corp.		4,200		165,287
Nexon Co., Ltd.(B)		5,200		75,389
NGK Insulators, Ltd.		4,000		58,326
NGK Spark Plug Co., Ltd.		2,000		37,535
NH Foods, Ltd.		400		17,134
NHK Spring Co., Ltd.		4,000		30,889
Nichirei Corp.		2,000		47,466
Nidec Corp.		3,800		519,352
Nihon M&A Center, Inc.		2,300		55,162
Nikon Corp.		6,000		84,871
Nintendo Co., Ltd.		1,500		549,796
Nippon Building Fund, Inc., REIT		20		136,996
Nippon Electric Glass Co., Ltd.(A)		1,700		43,060
Nippon Express Co., Ltd.		1,600		85,094
Nippon Paint Holdings Co., Ltd.(A)		2,100		81,474
Nippon Paper Industries Co., Ltd.		2,000		35,419
Nippon Prologis, Inc., REIT		43		99,338
Nippon Shinyaku Co., Ltd.		600		42,324

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    32

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Nippon Shokubai Co., Ltd.		200		$   13,217
Nippon Steel Corp.		12,300		211,089
Nippon Telegraph & Telephone Corp.		8,500		395,809
Nippon Yusen KK		2,000		32,096
Nissan Chemical Corp.		1,800		81,112
Nissan Motor Co., Ltd.		31,300		224,161
Nisshin Seifun Group, Inc.		4,000		91,294
Nissin Foods Holdings Co., Ltd.		1,600		103,063
Nitori Holdings Co., Ltd.		1,300		172,304
Nitto Denko Corp.		1,900		93,766
NOK Corp.		2,000		29,961
Nomura Holdings, Inc.		44,800		157,761
Nomura Real Estate Holdings, Inc.		2,000		42,992
Nomura Real Estate Master Fund, Inc., REIT		61		93,816
Nomura Research Institute, Ltd.		5,400		86,558
NSK, Ltd.		6,000		53,462
NTT Data Corp.		7,800		103,889
NTT DOCOMO, Inc.		14,800		345,136
Obayashi Corp.		9,800		96,508
OBIC Business Consultants Co., Ltd.		300		13,602
OBIC Co., Ltd.		1,000		113,236
Odakyu Electric Railway Co., Ltd.		4,000		97,902
OJI Holdings Corp.		15,900		91,793
Olympus Corp.		16,000		177,613
Omron Corp.		3,200		166,920
Ono Pharmaceutical Co., Ltd.		7,300		130,904
Open House Co., Ltd.		300		12,280
Oracle Corp.		200		14,609
Oriental Land Co., Ltd.		3,100		383,831
ORIX Corp.		17,800		265,662
ORIX, Inc., REIT		41		74,815
Osaka Gas Co., Ltd.		4,000		69,686
Otsuka Corp.		1,100		44,259
Otsuka Holdings Co., Ltd.(A)		7,800		254,546
PALTAC Corp.		200		10,989
Pan Pacific International Holdings Corp.		2,000		126,972
Panasonic Corp.		32,700		272,429
Park24 Co., Ltd.		2,000		46,575
PeptiDream, Inc.(B)		1,500		76,712
Persol Holdings Co., Ltd.		2,100		49,333
Pigeon Corp.		2,000		80,472
Pola Orbis Holdings, Inc.		1,500		41,906
Rakuten, Inc.		11,700		139,001
Recruit Holdings Co., Ltd.		21,300		710,527
Relo Group, Inc.		2,000		50,362
Renesas Electronics Corp.(B)		8,500		42,208
Resona Holdings, Inc.		29,500		122,830
Ricoh Co., Ltd.		9,800		97,873
Rohm Co., Ltd.		1,500		100,798
Rohto Pharmaceutical Co., Ltd.		900		24,425
Ryohin Keikaku Co., Ltd.		300		54,186
Sankyu, Inc.		200		10,507
Santen Pharmaceutical Co., Ltd.		6,000		99,406
SBI Holdings, Inc.		3,800		94,065
SCREEN Holdings Co., Ltd.		400		16,688
Secom Co., Ltd.		3,300		284,056
Sega Sammy Holdings, Inc.		2,100		25,514
Seibu Holdings, Inc.		4,000		66,679

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Seiko Epson Corp.		4,000		$   63,301
Seino Holdings Co., Ltd.		1,200		15,983
Sekisui Chemical Co., Ltd.		5,800		87,102
Sekisui House, Ltd.		7,800		128,540
Seria Co., Ltd.(A)		300		6,931
Seven & i Holdings Co., Ltd.		9,900		335,207
Seven Bank, Ltd.		9,900		25,912
SG Holdings Co., Ltd.		2,500		70,888
Sharp Corp.(A)		2,000		21,942
Shikoku Electric Power Co., Inc.		2,100		19,413
Shimadzu Corp.		4,000		98,088
Shimamura Co., Ltd.		200		14,943
Shimano, Inc.		1,300		193,419
Shimizu Corp.		9,800		81,409
Shin-Etsu Chemical Co., Ltd.		5,500		512,275
Shinsei Bank, Ltd.		2,000		31,056
Shionogi & Co., Ltd.		4,000		230,518
Shiseido Co., Ltd.		5,500		414,567
Shizuoka Bank, Ltd.		2,300		16,950
Showa Denko KK(A)		2,000		58,845
Skylark Holdings Co., Ltd.(A)		2,000		34,917
SMC Corp.		900		335,558
Softbank Corp.		18,600		241,607
SoftBank Group Corp.		22,800		1,093,020
Sohgo Security Services Co., Ltd.		1,800		83,033
Sojitz Corp.		15,900		51,062
Sompo Holdings, Inc.		5,500		212,414
Sony Corp.		16,900		885,940
Sony Financial Holdings, Inc.		2,000		48,042
Square Enix Holdings Co., Ltd.		1,500		48,032
Stanley Electric Co., Ltd.		2,000		49,155
Subaru Corp.		7,800		189,606
Sumco Corp.(A)		2,100		24,988
Sumitomo Chemical Co., Ltd.		19,500		90,496
Sumitomo Corp.		17,600		266,679
Sumitomo Dainippon Pharma Co., Ltd.		2,100		39,821
Sumitomo Electric Industries, Ltd.		9,900		129,975
Sumitomo Heavy Industries, Ltd.		100		3,439
Sumitomo Metal Mining Co., Ltd.		2,500		74,694
Sumitomo Mitsui Financial Group, Inc.		18,900		667,657
Sumitomo Mitsui Trust Holdings, Inc.		6,000		217,524
Sumitomo Realty & Development Co., Ltd.		3,700		132,148
Sumitomo Rubber Industries, Ltd.(A)		2,100		24,286
Sundrug Co., Ltd.		1,500		40,598
Suntory Beverage & Food, Ltd.		2,000		86,969
Suzuken Co., Ltd.		1,600		93,856
Suzuki Motor Corp.		6,000		282,012
Sysmex Corp.		2,000		130,444
T&D Holdings, Inc.		7,800		84,668
Taiheiyo Cement Corp.		2,000		60,516
Taisei Corp.		3,200		116,280
Taisho Pharmaceutical Holdings Co., Ltd.		400		30,704
Taiyo Nippon Sanso Corp.		3,700		78,574
Taiyo Yuden Co., Ltd.(A)		1,500		27,914
Takashimaya Co., Ltd.		300		3,288
Takeda Pharmaceutical Co., Ltd.		19,600		695,478
TDK Corp.		1,800		139,335
Teijin, Ltd.		2,100		35,806

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    33

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Terumo Corp.		8,000		$   238,352
THK Co., Ltd.(A)		2,000		47,800
TIS, Inc.		800		40,765
Tobu Railway Co., Ltd.		4,000		116,577
Toho Co., Ltd.		2,000		85,019
Toho Gas Co., Ltd.		700		25,761
Tohoku Electric Power Co., Inc.		6,000		60,646
Tokai Carbon Co., Ltd.(A)		2,600		27,125
Tokio Marine Holdings, Inc.		9,800		491,092
Tokyo Electric Power Co. Holdings, Inc.(B)		11,800		61,552
Tokyo Electron, Ltd.		2,000		280,676
Tokyo Gas Co., Ltd.		4,000		94,208
Tokyo Tatemono Co., Ltd.(A)		4,000		44,440
Tokyu Corp.		7,800		138,350
Tokyu Fudosan Holdings Corp.		8,700		48,046
Toray Industries, Inc.		21,600		164,235
Toshiba Corp.		8,100		252,232
Tosoh Corp.		1,700		23,905
TOTO, Ltd.		2,000		78,986
Toyo Seikan Group Holdings, Ltd.		1,800		35,719
Toyo Suisan Kaisha, Ltd.		2,000		82,421
Toyoda Gosei Co., Ltd.		2,000		39,001
Toyota Boshoku Corp.		2,000		26,248
Toyota Industries Corp.		2,000		110,080
Toyota Motor Corp.		35,000		2,172,638
Toyota Tsusho Corp.		4,000		121,218
Trend Micro, Inc.		2,000		89,196
Tsumura & Co.		1,700		47,415
Tsuruha Holdings, Inc.		300		27,733
Ube Industries, Ltd.		2,000		41,470
Unicharm Corp.		6,000		180,657
United Urban Investment Corp., REIT		40		67,050
USS Co., Ltd.		4,000		78,819
Welcia Holdings Co., Ltd.		300		12,210
West Japan Railway Co.		2,000		161,797
Yahoo Japan Corp.		17,800		52,207
Yakult Honsha Co., Ltd.		1,800		106,089
Yamada Denki Co., Ltd.		11,800		52,242
Yamaha Corp.		2,000		95,044
Yamaha Motor Co., Ltd.(A)		4,000		71,097
Yamato Holdings Co., Ltd.		6,000		122,016
Yamazaki Baking Co., Ltd.		2,000		30,239
Yaskawa Electric Corp.		4,000		135,883
Yokogawa Electric Corp.		4,000		78,411
Yokohama Rubber Co., Ltd.(A)		2,000		36,755
Zensho Holdings Co., Ltd.		1,800		36,588
Zeon Corp.		800		8,888
ZOZO, Inc.(A)		2,400		44,975
				50,170,175
Luxembourg - 0.2%
ArcelorMittal		8,358		149,777
Aroundtown SA		3,457		28,526
Millicom International Cellular SA, SDR		832		46,854
SES SA		5,272		82,552
Tenaris SA		6,211		81,411
				389,120

	Shares		Value
COMMON STOCKS (continued)
Macau - 0.1%
MGM China Holdings, Ltd.		12,800		$   21,758
Sands China, Ltd.		30,800		147,249
Wynn Macau, Ltd.		20,800		46,592
				215,599
Mexico - 0.0%(C)
Fresnillo PLC(A)		2,434		26,957
Netherlands - 4.7%
ABN AMRO Bank NV, CVA(D)		5,503		117,910
Adyen NV(B) (D)		285		220,245
Aegon NV		18,712		93,292
Akzo Nobel NV		2,978		280,261
ASML Holding NV		5,727		1,198,336
EXOR NV		1,315		92,247
Heineken Holding NV		1,587		166,812
Heineken NV		2,861		319,751
ING Groep NV		50,501		586,378
Koninklijke Ahold Delhaize NV		16,226		365,461
Koninklijke DSM NV		2,411		298,452
Koninklijke KPN NV		56,239		172,921
Koninklijke Philips NV		12,489		543,085
NN Group NV		4,047		163,149
NXP Semiconductors NV		3,722		363,304
QIAGEN NV(B)		3,069		124,736
Randstad NV		1,688		92,847
Royal Dutch Shell PLC, Class A		61,260		2,005,665
Royal Dutch Shell PLC, Class B		46,573		1,529,848
Wolters Kluwer NV		3,739		272,596
				9,007,296
New Zealand - 0.4%
a2 Milk Co., Ltd.(B)		10,063		99,152
Air New Zealand, Ltd.		11,744		20,903
Auckland International Airport, Ltd.		15,160		100,295
Contact Energy, Ltd.		12,756		68,541
Fisher & Paykel Healthcare Corp., Ltd.		8,982		93,266
Fletcher Building, Ltd.		12,611		41,080
Meridian Energy, Ltd.		22,744		72,561
Ryman Healthcare, Ltd.		8,243		65,053
SkyCity Entertainment Group, Ltd.		12,873		32,769
Spark New Zealand, Ltd.		28,532		76,654
Synlait Milk, Ltd.(B)		803		4,962
Xero, Ltd.(B)		1,041		43,787
Z Energy, Ltd.		7,875		33,428
				752,451
Norway - 0.9%
Adevinta ASA, B Shares(B)		3,952		43,571
AKER BP ASA		1,757		50,406
DNB ASA		12,611		234,735
Elkem ASA(D)		772		2,175
Entra ASA(D)		2,454		37,705
Equinor ASA		15,102		298,372
Gjensidige Forsikring ASA		3,083		62,122
Leroy Seafood Group ASA		1,076		7,123
Marine Harvest ASA(B)		5,843		136,685
Norsk Hydro ASA		18,599		66,534
Norwegian Finans Holding ASA(B)		2,362		17,176
Orkla ASA		12,335		109,490

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    34

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Norway (continued)
Salmar ASA		384		$   16,705
Schibsted ASA, B Shares		2,766		72,150
SpareBank 1SR-Bank ASA		3,303		40,251
Storebrand ASA		7,336		53,931
Telenor ASA		9,348		198,559
TGS NOPEC Geophysical Co. ASA		1,511		42,391
Tomra Systems ASA		641		21,081
Yara International ASA		2,411		117,015
				1,628,177
Portugal - 0.2%
Banco Comercial Portugues SA, R Shares		148,182		45,883
EDP - Energias de Portugal SA		34,493		131,276
Galp Energia SGPS SA		6,791		104,597
Jeronimo Martins SGPS SA		3,893		62,798
				344,554
Singapore - 1.5%
Ascendas, REIT		39,600		91,320
CapitaLand Commercial Trust, REIT		42,700		68,487
CapitaLand Mall Trust, REIT		41,100		79,894
CapitaLand, Ltd.		35,000		91,319
City Developments, Ltd.		7,800		54,596
ComfortDelGro Corp., Ltd.		29,500		57,999
DBS Group Holdings, Ltd.		23,600		452,830
Genting Singapore, Ltd.		76,600		52,088
Golden Agri-Resources, Ltd.		94,300		20,213
Jardine Cycle & Carriage, Ltd.		1,800		48,201
Keppel Corp., Ltd.		21,600		106,328
Mapletree Commercial Trust, REIT		31,500		48,660
Oversea-Chinese Banking Corp., Ltd.		51,800		436,468
SATS, Ltd.		11,600		44,756
Sea, Ltd., ADR(A) (B)		1,976		65,643
Sembcorp Industries, Ltd.		13,700		24,404
Singapore Airlines, Ltd.		6,700		45,906
Singapore Exchange, Ltd.		13,700		80,198
Singapore Press Holdings, Ltd.		23,600		42,562
Singapore Technologies Engineering, Ltd.		21,600		66,096
Singapore Telecommunications, Ltd.		103,900		268,783
Suntec Real Estate Investment Trust		37,500		53,771
United Overseas Bank, Ltd.		18,700		361,160
UOL Group, Ltd.		8,100		45,201
Venture Corp., Ltd.		3,800		45,753
Wilmar International, Ltd.		48,900		133,730
				2,886,366
Spain - 2.7%
ACS Actividades de Construccion y Servicios SA		3,664		146,499
Aena SME SA(D)		981		194,722
Amadeus IT Group SA		5,844		463,598
Banco Bilbao Vizcaya Argentaria SA		86,927		486,746
Banco de Sabadell SA		74,735		77,534
Banco Santander SA		206,785		960,904
Bankia SA		13,586		32,150
CaixaBank SA		47,438		136,028
Endesa SA(A)		4,191		107,911
Ferrovial SA		6,639		170,187
Grifols SA		3,786		112,099
Grifols SA, ADR		3,832		80,855
Iberdrola SA		79,973		798,348

	Shares		Value
COMMON STOCKS (continued)
Spain (continued)
Industria de Diseno Textil SA		14,102		$   424,770
Mapfre SA		13,382		39,181
Naturgy Energy Group SA		4,568		126,045
Red Electrica Corp. SA		5,841		121,826
Repsol SA		16,876		264,926
Siemens Gamesa Renewable Energy SA		1,902		31,667
Telefonica SA		60,524		497,706
				5,273,702
Sweden - 2.8%
Alfa Laval AB		3,937		85,969
Assa Abloy AB, Class B		13,076		295,817
Atlas Copco AB, A Shares		8,014		256,360
Atlas Copco AB, B Shares		5,694		163,489
Axfood AB		1,609		31,865
Boliden AB		3,651		93,437
Castellum AB		3,776		72,259
Electrolux AB, Series B		3,150		80,565
Elekta AB, B Shares		4,916		71,370
Epiroc AB, Class A		7,998		83,340
Epiroc AB, Class B		5,683		56,339
Essity AB, Class B		8,006		246,267
Fabege AB		1,109		16,704
Fastighets AB Balder, B Shares(B)		1,360		45,587
Getinge AB, Class B		3,006		47,399
Hennes & Mauritz AB, B Shares		10,960		195,334
Hexagon AB, B Shares		3,509		194,999
Hexpol AB		3,454		28,162
Holmen AB, B Shares		425		9,074
Hufvudstaden AB, A Shares		1,697		28,880
Husqvarna AB, B Shares(A)		5,720		53,549
ICA Gruppen AB		1,069		45,994
Industrivarden AB, A Shares		2,086		47,619
Industrivarden AB, Class C		2,407		53,390
Intrum AB(A)		987		25,361
Investment AB Latour, B Shares(A)		1,905		28,108
Investor AB, B Shares		5,955		286,319
Kinnevik AB, B Shares		3,150		81,991
L E Lundbergforetagen AB, B Shares		1,084		40,611
Lundin Petroleum AB(A)		2,315		71,834
Nibe Industrier AB, B Shares		5,549		81,307
Saab AB, B Shares(A)		1,136		37,001
Sandvik AB		14,514		266,872
Securitas AB, B Shares		4,379		76,883
Skandinaviska Enskilda Banken AB, Class A		22,272		206,248
Skanska AB, Class B		5,337		96,464
SKF AB, Class B		4,989		91,814
Spotify Technology SA(B)		653		95,482
SSAB AB, B Shares		10,746		32,731
Svenska Cellulosa AB SCA, Class B(A)		8,296		72,157
Svenska Handelsbanken AB, A Shares		20,426		202,274
Swedbank AB, Class A		12,325		185,243
Swedish Match AB		2,407		101,695
Swedish Orphan Biovitrum AB(B)		2,393		46,128
Tele2 AB, Class B		6,820		99,600
Telefonaktiebolaget LM Ericsson, B Shares		37,485		355,934
Telia Co. AB		36,062		160,289
Trelleborg AB, B Shares		3,223		45,801
Volvo AB, Class B		18,794		298,473
				5,390,388

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    35

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Switzerland - 8.7%
ABB, Ltd.		25,595		$   514,263
Alcon, Inc.(B)		6,678		412,872
Chocoladefabriken Lindt & Spruengli AG		21		153,031
Cie Financiere Richemont SA		6,979		592,965
Credit Suisse Group AG(B)		32,264		387,333
Geberit AG		492		230,105
Givaudan SA		98		277,013
Glencore PLC		159,135		553,619
Keuhne & Nagel International AG		784		116,514
LafargeHolcim, Ltd.(B)		6,366		311,248
Lonza Group AG(B)		981		331,427
Nestle SA		40,216		4,168,440
Novartis AG		33,390		3,054,757
Partners Group Holding AG		255		200,600
Roche Holding AG		9,575		2,696,759
Schindler Holding AG		824		181,859
SGS SA		78		198,960
Sika AG		1,897		324,144
STMicroelectronics NV		8,831		156,885
Swatch Group AG		1,439		135,884
Swiss Re AG		4,290		436,656
Swisscom AG(A)		355		178,447
UBS Group AG(B)		50,768		604,009
Zurich Insurance Group AG		1,999		696,882
				16,914,672
United Arab Emirates - 0.0%(C)
Borr Drilling, Ltd.(B)		422		4,083
NMC Health PLC(A)		1,121		34,284
				38,367
United Kingdom - 14.3%
3i Group PLC		12,976		183,890
Admiral Group PLC		3,402		95,600
Anglo American PLC		18,608		531,552
Ashtead Group PLC		6,705		192,344
Associated British Foods PLC		4,705		147,486
AstraZeneca PLC		16,700		1,368,339
Aviva PLC		53,324		282,660
Babcock International Group PLC		6,809		39,707
BAE Systems PLC		42,255		266,416
Barclays PLC		210,937		402,152
Barratt Developments PLC		13,571		98,898
Berkeley Group Holdings PLC		1,902		90,315
BP PLC		260,842		1,821,208
British American Tobacco PLC		29,788		1,042,179
British Land Co. PLC, REIT		13,480		92,368
BT Group PLC		109,445		273,650
Bunzl PLC		4,603		121,676
Burberry Group PLC		5,595		132,588
Centrica PLC		74,539		83,273
CNH Industrial NV		13,269		136,269
Coca-Cola European Partners PLC(B)		3,482		196,733
Compass Group PLC		21,106		506,879
ConvaTec Group PLC(D)		9,689		17,979
Croda International PLC		333		21,699
Diageo PLC		32,071		1,381,239
Direct Line Insurance Group PLC		18,328		77,396
DS Smith PLC		12,430		57,346

	Shares		Value
COMMON STOCKS (continued)
United Kingdom (continued)
easyJet PLC		3,605		$   43,734
Experian PLC		12,236		371,255
Farfetch, Ltd., Class A(A) (B)		511		10,629
Ferguson PLC(B)		3,206		228,495
Fiat Chrysler Automobiles NV		14,538		203,074
G4S PLC		20,741		54,906
GlaxoSmithKline PLC		64,625		1,296,726
Hammerson PLC, REIT		11,257		39,700
Hargreaves Lansdown PLC		3,336		81,475
HSBC Holdings PLC		264,341		2,209,988
IMI PLC		3,631		47,968
Imperial Brands PLC		12,738		299,397
Informa PLC		17,448		185,421
InterContinental Hotels Group PLC		2,513		165,416
International Consolidated Airlines Group SA		9,929		60,264
Intertek Group PLC		2,138		149,711
ITV PLC		48,981		67,325
J Sainsbury PLC		22,927		57,177
Johnson Matthey PLC		2,647		112,149
Kingfisher PLC		29,293		80,117
Land Securities Group PLC, REIT		10,147		107,600
Legal & General Group PLC		77,886		267,143
Lloyds Banking Group PLC		943,594		679,596
London Stock Exchange Group PLC		4,195		292,896
Marks & Spencer Group PLC		26,485		71,022
Melrose Industries PLC		54,589		125,646
Merlin Entertainments PLC(D)		9,740		55,671
Micro Focus International PLC		4,807		126,273
Mondi PLC		4,939		112,517
National Grid PLC		47,647		506,832
Next PLC		1,882		132,360
Ocado Group PLC(B)		7,122		105,779
Pearson PLC(A)		10,498		109,478
Persimmon PLC		4,137		105,145
Prudential PLC		34,099		744,706
Reckitt Benckiser Group PLC		8,944		707,341
RELX PLC		27,188		660,728
Rentokil Initial PLC		24,605		124,476
Rio Tinto PLC		14,997		931,526
Rio Tinto, Ltd.		4,925		358,607
Rolls-Royce Holdings PLC		24,617		263,298
Royal Bank of Scotland Group PLC		44,002		123,091
Royal Mail PLC		12,540		33,819
RSA Insurance Group PLC		13,666		100,321
Sage Group PLC		15,207		155,296
Schroders PLC		1,551		60,206
Segro PLC, REIT		291		2,704
Severn Trent PLC		3,210		83,668
Smith & Nephew PLC		11,841		256,944
Smiths Group PLC		5,217		103,911
SSE PLC		13,536		193,290
St. James’s Place PLC		7,124		99,553
Standard Chartered PLC		36,354		330,444
Standard Life Aberdeen PLC		31,117		116,669
Subsea 7 SA		3,608		43,439
Taylor Wimpey PLC		43,981		88,300
Tesco PLC		128,677		371,260
Unilever NV, CVA		22,539		1,374,747

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    36

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Unilever PLC		15,788		$   983,471
United Utilities Group PLC		9,069		90,352
Vodafone Group PLC		351,112		577,880
Weir Group PLC		3,438		67,668
Whitbread PLC		2,449		144,279
WM Morrison Supermarkets PLC		31,581		80,949
WPP PLC		16,984		214,037
				27,711,706
United States - 0.1%
Carnival PLC		2,897		128,271
Flex, Ltd.(B)		7,766		74,320
International Flavors & Fragrances, Inc.		1		122
International Game Technology PLC(A)		1,506		19,533
Stratasys, Ltd.(B)		440		12,923
				235,169
Total Common Stocks (Cost $186,740,251)				190,152,943
PREFERRED STOCKS - 0.4%
Germany - 0.4%
Bayerische Motoren Werke AG, 6.25%(F)		502		31,214
Henkel AG & Co. KGaA, 2.10%(F)		2,352		230,401
Porsche Automobil Holding SE, 3.78%(F)		2,057		133,851
Sartorius AG, 0.35%(F)		381		78,229
Volkswagen AG, 3.16%(F)		2,445		412,699
Total Preferred Stocks (Cost $899,025)				886,394

	Shares		Value
RIGHT - 0.0%
Austria - 0.0%
Buwog AG,(B) (G) (H) Exercise Price EUR 29, Expiration Date 12/31/2099		152		$   0
Total Right (Cost $0)				0
OTHER INVESTMENT COMPANY - 3.2%
Securities Lending Collateral - 3.2%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 2.33%(F)		6,186,122		6,186,122
Total Other Investment Company (Cost $6,186,122)				6,186,122
	Principal		Value
REPURCHASE AGREEMENT - 1.1%
Fixed Income Clearing Corp., 1.45% (F), dated 06/28/2019, to be repurchased at $2,083,987 on 07/01/2019. Collateralized by a U.S. Government Obligation, 1.13%, due 09/30/2021, and with a value of $2,126,913.		$  2,083,735		2,083,735
Total Repurchase Agreement (Cost $2,083,735)				2,083,735
Total Investments (Cost $195,909,133)				199,309,194
Net Other Assets (Liabilities) - (2.9)%				(5,613,312	)
Net Assets - 100.0%				$  193,695,882

FUTURES CONTRACTS:
Description	Long/Short		Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
MSCI EAFE Index		Long		27		09/20/2019	$	2,522,571	$	2,596,455	$	73,884	$	—

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Banks		9.6	%	$	19,137,214
Pharmaceuticals		7.7			15,278,279
Insurance		5.2			10,439,945
Oil, Gas & Consumable Fuels		5.0			10,063,534
Food Products		3.5			7,012,312
Automobiles		3.2			6,304,154
Chemicals		3.1			6,184,599
Metals & Mining		3.0			5,950,152
Machinery		2.6			5,131,987
Beverages		2.5			4,884,832
Textiles, Apparel & Luxury Goods		2.4			4,712,416
Personal Products		2.2			4,461,528
Capital Markets		2.1			4,182,851
Real Estate Management & Development		2.1			4,141,538
Diversified Telecommunication Services		2.0			4,040,345

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    37

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

INVESTMENTS BY INDUSTRY (continued):

Industry	Percentage of Total Investments			Value
Electric Utilities		1.9	%	$	3,839,745
Equity Real Estate Investment Trusts		1.7			3,325,264
Software		1.6			3,243,181
Electronic Equipment, Instruments & Components		1.6			3,118,908
Health Care Equipment & Supplies		1.5			3,036,349
Wireless Telecommunication Services		1.5			2,986,088
Hotels, Restaurants & Leisure		1.5			2,944,951
Electrical Equipment		1.4			2,890,838
Aerospace & Defense		1.4			2,840,816
Road & Rail		1.4			2,808,394
Industrial Conglomerates		1.4			2,746,540
Professional Services		1.4			2,721,766
Semiconductors & Semiconductor Equipment		1.4			2,709,156
Trading Companies & Distributors		1.3			2,633,723
Food & Staples Retailing		1.3			2,623,309
Household Durables		1.1			2,121,654
Auto Components		1.0			2,019,860
IT Services		1.0			1,915,308
Construction & Engineering		0.9			1,843,697
Multi-Utilities		0.9			1,824,204
Building Products		0.9			1,791,925
Tobacco		0.9			1,776,763
Household Products		0.8			1,644,162
Specialty Retail		0.8			1,606,247
Biotechnology		0.7			1,369,034
Entertainment		0.7			1,349,542
Diversified Financial Services		0.6			1,249,447
Media		0.6			1,220,224
Technology Hardware, Storage & Peripherals		0.6			1,195,151
Construction Materials		0.6			1,118,708
Health Care Providers & Services		0.5			1,092,658
Commercial Services & Supplies		0.5			1,032,626
Transportation Infrastructure		0.5			1,025,770
Multiline Retail		0.5			1,009,551
Gas Utilities		0.5			1,001,258
Communications Equipment		0.4			728,879
Air Freight & Logistics		0.4			706,760
Paper & Forest Products		0.3			601,299
Life Sciences Tools & Services		0.3			538,229
Leisure Products		0.2			479,022
Airlines		0.2			420,081
Internet & Direct Marketing Retail		0.2			385,189
Marine		0.2			337,565
Containers & Packaging		0.1			256,801
Energy Equipment & Services		0.1			196,340
Interactive Media & Services		0.1			187,312
Water Utilities		0.1			174,020
Health Care Technology		0.1			127,848
Independent Power & Renewable Electricity Producers		0.1			118,004
Consumer Finance		0.0	(C)		78,394
Distributors		0.0	(C)		59,190
Diversified Consumer Services		0.0	(C)		41,901
Investments		95.9			191,039,337
Short-Term Investments		4.1			8,269,857
Total Investments		100.0	%	$	199,309,194

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    38

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2019

(unaudited)

SECURITY VALUATION:

Valuation Inputs^(I)

	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs (K)		Value
ASSETS
Investments
Common Stocks	$	1,902,452	$	188,250,491	$	—	$	190,152,943
Preferred Stocks		—		886,394		—		886,394
Right		—		—		0		0
Other Investment Company		6,186,122		—		—		6,186,122
Repurchase Agreement		—		2,083,735		—		2,083,735
Total Investments	$	8,088,574	$	191,220,620	$	0	$	199,309,194
Other Financial Instruments
Futures Contracts(J)	$	73,884	$	—	$	—	$	73,884
Total Other Financial Instruments	$	73,884	$	—	$	—	$	73,884

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	All or a portion of the securities are on loan. The total value of all securities on loan is $5,886,283. 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.
(B)	Non-income producing securities.
(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, 2019, the total value of 144A securities is $1,258,891, representing 0.6% of the Fund’s net assets.
(E)	Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At June 30, 2019, the value of the Regulation S security is $55,802, representing less than 0.1% of the Fund’s net assets.
(F)	Rates disclosed reflect the yields at June 30, 2019.
(G)	Security is Level 3 of the fair value hierarchy.
(H)	Security deemed worthless.
(I)	There were no transfers in or out of Level 3 during thesix-month period ended June 30, 2019. Please reference the Security Valuation section of the Notes to Financial Statements for more information regarding security valuation and pricing inputs.
(J)	Futures contracts and/or forward foreign currency contracts are valued at unrealized appreciation (depreciation).
(K)	Level 3 securities were not considered significant to the Fund.

CURRENCY ABBREVIATION:

EUR Euro

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 2019

Page    39

STATEMENTS OF ASSETS AND LIABILITIES

At June 30, 2019

(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 EM 100 & Managed Risk ETF			DeltaShares® S&P International Managed Risk  ETF
Assets:
Investments, at value(A) (B)	$	99,352,440		$	420,727,793	$	41,137,628		$	44,835,185		$	197,225,459
Repurchase agreements, at value(C)		749,795			4,015,515		328,168			—			2,083,735
Cash		—			616		27			—			42,192
Cash collateral pledged at broker for:
Futures contracts		34,000			170,100		10,650			18,200			121,500
Foreign currency, at value(D)		—			—		—			135,362			1,604,639
Receivables and other assets:
Investments sold		14,225,999			334,637		11,111,618			5,404,920			7,989
Net income from securities lending		646			—		1,009			91			10,654
Dividends		77,428			337,743		30,283			222,570			395,714
Interest		30			162		13			—			84
Tax reclaims		—			—		—			1,068			323,114
Variation margin receivable on futures contracts		315,395			1,379,384		128,995			536,782			372,848
Total assets		114,755,733			426,965,950		52,748,391			51,154,178			202,187,928
Liabilities:
Cash collateral received upon return of:
Securities on loan		3,146,033			761,436		1,378,846			455,626			6,186,122
Payables and other liabilities:
Investments purchased		524,494			543,632		285,714			37,635			—
When-issued, delayed-delivery, forward and TBA commitments purchased		13,780,489			—		10,987,213			5,404,666			—
Dividends		279,807			1,599,828		102,446			339,810			2,232,666
Due to custodian		—			—		—			135,460			—
Investment management fees		32,787			111,680		13,486			20,064			73,258
Other accrued expenses		—			1,020		—			—			—
Total liabilities		17,763,610			3,017,596		12,767,705			6,393,261			8,492,046
Net assets	$	96,992,123		$	423,948,354	$	39,980,686		$	44,760,917		$	193,695,882
Net assets consist of:
Paid-in capital	$	98,724,166		$	403,463,284	$	43,430,127		$	45,472,846		$	197,746,537
Total distributable earnings (accumulated losses)		(1,732,043	)		20,485,070		(3,449,441	)		(711,929	)		(4,050,655	)
Net assets	$	96,992,123		$	423,948,354	$	39,980,686		$	44,760,917		$	193,695,882
Shares outstanding		1,850,000			7,450,000		750,000			900,000			3,950,000
Net asset value per share	$	52.43		$	56.91	$	53.31		$	49.73		$	49.04
(A) Investments, at cost	$	95,217,363		$	382,405,600	$	40,444,435		$	45,055,327		$	193,825,398
(B) Securities on loan, at value	$	3,068,743		$	745,610	$	1,336,515		$	429,996		$	5,886,283
(C) Repurchase agreements, at cost	$	749,795		$	4,015,515	$	328,168		$	—		$	2,083,735
(D) Foreign currency, at cost	$	—		$	—	$	—		$	135,235		$	1,600,010

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    40

STATEMENTS OF OPERATIONS

For the period ended June 30, 2019

(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 EM 100 & Managed Risk ETF (A)			DeltaShares® S&P International Managed Risk  ETF
Investment Income:
Dividend income	$	604,615		$	3,396,774		$	179,093		$	427,540		$	4,828,875
Interest income		372,545			933,633			180,315			27,312			195,392
Net income from securities lending		10,618			30,261			7,637			153			48,856
Withholding taxes on foreign income		(295	)		—			(68	)		(49,550	)		(450,513	)
Total investment income		987,483			4,360,668			366,977			405,455			4,622,610
Expenses:
Investment management fees		225,442			707,299			89,986			63,939			501,891
Total expenses		225,442			707,299			89,986			63,939			501,891
Net investment income (loss)		762,041			3,653,369			276,991			341,516			4,120,719
Net realized gain (loss) on:
Investments		771,506			1,104,872			266,401			(689,956	)		425,595
In-kind redemptions		1,655,444			2,388,727			205,815			—			3,313,313
Futures contracts		209,586			680,062			77,124			184,413			688,971
Foreign currency transactions		—			—			—			(3,377	)		10,090
Net realized gain (loss)		2,636,536			4,173,661			549,340			(508,920	)		4,437,969
Net change in unrealized appreciation (depreciation) on:
Investments		5,856,063			38,858,351			1,788,546			(220,142	)		13,964,497
Futures contracts		(5,414	)		(3,241	)		(6,448	)		15,103			66,745
Translation of assets and liabilities denominated in foreign currencies		—			—			—			324			9,410
Net change in unrealized appreciation (depreciation)		5,850,649			38,855,110			1,782,098			(204,715	)		14,040,652
Net realized and change in unrealized gain (loss)		8,487,185			43,028,771			2,331,438			(713,635	)		18,478,621
Net increase (decrease) in net assets resulting from operations	$	9,249,226		$	46,682,140		$	2,608,429		$	(372,119	)	$	22,599,340

(A) Commenced operations on March 20, 2019.

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    41

STATEMENTS OF CHANGES IN NET ASSETS

For the years and 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, 2019 (unaudited)			December 31, 2018			June 30, 2019 (unaudited)			December 31, 2018			June 30, 2019 (unaudited)			December 31, 2018
From operations:
Net investment income (loss)	$	762,041		$	1,422,182		$	3,653,369		$	6,949,871		$	276,991		$	513,096
Net realized gain (loss)		2,636,536			1,374,587			4,173,661			12,563,607			549,340			3,600,904
Net change in unrealized appreciation (depreciation)		5,850,649			(12,341,124	)		38,855,110			(31,325,342	)		1,782,098			(6,206,153	)
Net increase (decrease) in net assets resulting from operations		9,249,226			(9,544,355	)		46,682,140			(11,811,864	)		2,608,429			(2,092,153	)
Distributions to shareholders:
Dividends and/or distributions to shareholders		(724,023	)		(1,403,938	)		(3,864,572	)		(6,986,427	)		(275,004	)		(555,073	)
Net increase (decrease) in net assets resulting from distributions to shareholders		(724,023	)		(1,403,938	)		(3,864,572	)		(6,986,427	)		(275,004	)		(555,073	)
Capital share transactions:
Proceeds from shares sold		—			70,966,612			8,055,871			280,974,489			—			45,414,201
Cost of shares redeemed		(15,377,093	)		(88,168,320	)		(13,683,263	)		(294,728,315	)		(2,626,876	)		(61,823,421	)
Net increase (decrease) in net assets resulting from capital share transactions		(15,377,093	)		(17,201,708	)		(5,627,392	)		(13,753,826	)		(2,626,876	)		(16,409,220	)
Net increase (decrease) in net assets		(6,851,890	)		(28,150,001	)		37,190,176			(32,552,117	)		(293,451	)		(19,056,446	)
Net assets:
Beginning of period/year		103,844,013			131,994,014			386,758,178			419,310,295			40,274,137			59,330,583
End of period/year	$	96,992,123		$	103,844,013		$	423,948,354		$	386,758,178		$	39,980,686		$	40,274,137
Capital share transactions - shares:
Shares issued		—			1,300,000			150,000			5,050,000			—			800,000
Shares redeemed		(300,000	)		(1,600,000	)		(250,000	)		(5,250,000	)		(50,000	)		(1,100,000	)
Net increase (decrease) in shares outstanding		(300,000	)		(300,000	)		(100,000	)		(200,000	)		(50,000	)		(300,000	)

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    42

STATEMENTS OF CHANGES IN NET ASSETS (continued)

For the year and periods ended:

	DeltaShares® S&P EM 100 & Managed  Risk ETF			DeltaShares® S&P International Managed Risk ETF
	June 30, 2019 (unaudited) (A)			June 30, 2019 (unaudited)			December 31, 2018
From operations:
Net investment income (loss)	$	341,516		$	4,120,719		$	5,827,799
Net realized gain (loss)		(508,920	)		4,437,969			(9,898,343	)
Net change in unrealized appreciation (depreciation)		(204,715	)		14,040,652			(25,202,071	)
Net increase (decrease) in net assets resulting from operations		(372,119	)		22,599,340			(29,272,615	)
Distributions to shareholders:
Dividends and/or distributions to shareholders		(339,810	)		(4,160,172	)		(5,925,145	)
Net increase (decrease) in net assets resulting from distributions to shareholders		(339,810	)		(4,160,172	)		(5,925,145	)
Capital share transactions:
Proceeds from shares sold		45,472,846			4,594,931			14,936,476
Cost of shares redeemed		—			(31,528,292	)		(21,956,219	)
Net increase (decrease) in net assets resulting from capital share transactions		45,472,846			(26,933,361	)		(7,019,743	)
Net increase (decrease) in net assets		44,760,917			(8,494,193	)		(42,217,503	)
Net assets:
Beginning of period		—			202,190,075			244,407,578
End of period	$	44,760,917		$	193,695,882		$	202,190,075
Capital share transactions - shares:
Shares issued		900,000			100,000			300,000
Shares redeemed		—			(650,000	)		(400,000	)
Net increase (decrease) in shares outstanding		900,000			(550,000	)		(100,000	)

(A) Commenced operations on March 20, 2019.

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

Transamerica ETF Trust Semi-Annual Report 2019

Page    43

FINANCIAL HIGHLIGHTS

For a share outstanding during the periods and year indicated:	DeltaShares® S&P 400 Managed Risk ETF
	June 30, 2019 (unaudited)			December 31, 2018			December 31, 2017 (A)
Net asset value, beginning of periods/year	$	48.30		$	53.88		$	50.00
Investment operations:
Net investment income (loss)(B)		0.38			0.66			0.27
Net realized and unrealized gain (loss)		4.11			(5.58	)		3.94
Total investment operations		4.49			(4.92	)		4.21
Dividends and/or distributions to shareholders:
Net investment income		(0.36	)		(0.66	)		(0.27	)
Net realized gains		—			—			(0.06	)
Total dividends and/or distributions to shareholders		(0.36	)		(0.66	)		(0.33	)
Net asset value, end of periods/year	$	52.43		$	48.30		$	53.88
Total return		9.30	%(C)		(9.19	)%		8.42	%(C)
Ratio and supplemental data:
Net assets end of periods/year (000’s)	$	96,992		$	103,844		$	131,994
Expenses to average net assets		0.45	%(D)		0.45	%		0.45	%(D)
Net investment income (loss) to average net assets		1.52	%(D)		1.23	%		1.25	%(D)
Portfolio turnover rate(E)		292	%(C)		435	%		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 processingin-kind issuances or redemptions of capital share transactions in creation units.

For a share outstanding during the periods and year indicated:	DeltaShares® S&P 500 Managed Risk ETF
	June 30, 2019 (unaudited)			December 31, 2018			December 31, 2017(A)
Net asset value, beginning of periods/year	$	51.23		$	54.10		$	50.00
Investment operations:
Net investment income (loss)(B)		0.49			0.91			0.36
Net realized and unrealized gain (loss)		5.70			(2.86	)		4.09
Total investment operations		6.19			(1.95	)		4.45
Dividends and/or distributions to shareholders:
Net investment income		(0.51	)		(0.91	)		(0.34	)
Net realized gains		—			(0.01	)		(0.01	)
Total dividends and/or distributions to shareholders		(0.51	)		(0.92	)		(0.35	)
Net asset value, end of periods/year	$	56.91		$	51.23		$	54.10
Total return		12.10	%(C)		(3.68	)%		8.94	%(C)
Ratio and supplemental data:
Net assets end of periods/year (000’s)	$	423,948		$	386,758		$	419,310
Expenses to average net assets		0.35	%(D)		0.35	%		0.35	%(D)
Net investment income (loss) to average net assets		1.81	%(D)		1.65	%		1.64	%(D)
Portfolio turnover rate(E)		174	%(C)		430	%		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 processingin-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 2019

Page    44

FINANCIAL HIGHLIGHTS (continued)

For a share outstanding during the periods and year indicated:	DeltaShares® S&P 600 Managed Risk ETF
	June 30, 2019 (unaudited)			December 31, 2018			December 31, 2017(A)
Net asset value, beginning of periods/year	$	50.34		$	53.94		$	50.00
Investment operations:
Net investment income (loss)(B)		0.36			0.59			0.24
Net realized and unrealized gain (loss)		2.96			(3.52	)		4.09
Total investment operations		3.32			(2.93	)		4.33
Dividends and/or distributions to shareholders:
Net investment income		(0.35	)		(0.64	)		(0.24	)
Net realized gains		—			(0.03	)		(0.15	)
Total dividends and/or distributions to shareholders		(0.35	)		(0.67	)		(0.39	)
Net asset value, end of periods/year	$	53.31		$	50.34		$	53.94
Total return		6.59	%(C)		(5.47	)%		8.65	%(C)
Ratio and supplemental data:
Net assets end of periods/year (000’s)	$	39,981		$	40,274		$	59,331
Expenses to average net assets		0.45	%(D)		0.45	%		0.45	%(D)
Net investment income (loss) to average net assets		1.39	%(D)		1.07	%		1.12	%(D)
Portfolio turnover rate(E)		335	%(C)		448	%		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 processingin-kind issuances or redemptions of capital share transactions in creation units.

For a share outstanding during the period indicated:	DeltaShares® S&P EM 100 & Managed Risk ETF
	June 30, 2019 (unaudited) (A)
Net asset value, beginning of period	$	50.14
Investment operations:
Net investment income (loss)(B)		0.43
Net realized and unrealized gain (loss)		(0.46	)
Total investment operations		(0.03	)
Dividends and/or distributions to shareholders:
Net investment income		(0.38	)
Net asset value, end of period	$	49.73
Total return		(0.15	)%(C)
Ratio and supplemental data:
Net assets end of period (000’s)	$	44,761
Expenses to average net assets		0.60	%(D)
Net investment income (loss) to average net assets		3.21	%(D)
Portfolio turnover rate(E)		151	%(C)

(A)	Commenced operations on March 20, 2019.
(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 processingin-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 2019

Page    45

FINANCIAL HIGHLIGHTS (continued)

For a share outstanding during the periods and year indicated:	DeltaShares® S&P International Managed Risk ETF
	June 30, 2019 (unaudited)			December 31, 2018			December 31, 2017(A)
Net asset value, beginning of periods/year	$	44.93		$	53.13		$	50.00
Investment operations:
Net investment income (loss)(B)		0.97			1.33			0.32
Net realized and unrealized gain (loss)		4.12			(8.15	)		3.16
Total investment operations		5.09			(6.82	)		3.48
Dividends and/or distributions to shareholders:
Net investment income		(0.98	)		(1.37	)		(0.34	)
Net realized gains		—			(0.01	)		(0.01	)
Total dividends and/or distributions to shareholders		(0.98	)		(1.38	)		(0.35	)
Net asset value, end of periods/year	$	49.04		$	44.93		$	53.13
Total return		11.35	%(C)		(13.09	)%		6.97	%(C)
Ratio and supplemental data:
Net assets end of periods/year (000’s)	$	193,696		$	202,190		$	244,408
Expenses to average net assets		0.50	%(D)		0.50	%		0.50	%(D)
Net investment income (loss) to average net assets		4.12	%(D)		2.60	%		1.47	%(D)
Portfolio turnover rate(E)		79	%(C)		189	%		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 processingin-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 2019

Page    46

NOTES TO FINANCIAL STATEMENTS

At June 30, 2019

(unaudited)

1. ORGANIZATION

Transamerica ETF Trust (the “Trust”) is anopen-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 EM 100 & Managed Risk ETF (“S&P EM 100 & Managed Risk”)^(A)

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

(A) Commenced operations on March 20, 2019.

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

The investment objective of each Fund is to seek to track the investment results, before fees and expenses, of the respective index listed below (each, an “Underlying Index”). Each Fund uses a “passive” or indexing 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 EM 100 & Managed Risk	S&P EM 100 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 each Fund’s current prospectus, which contains 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 thesub-adviser to furnishday-to-day investment advice and recommendations. TAM may, in the future, determine to provide all aspects of theday-to-day management of a Fund without the use of asub-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 moresub-advisers for the Funds employing a combination of quantitative and qualitative screens, research, analysis and due diligence; negotiation ofsub-advisory agreements and fees; oversight and monitoring ofsub-advisers and recommending changes tosub-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 ofsub-adviser performance; daily monitoring of thesub-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 periodicon-site visits withsub-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 bysub-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 thesub-adviser(s) for their services, andsub-advisory fees are TAM’s expense.

Transamerica ETF Trust Semi-Annual Report 2019

Page    47

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2019

(unaudited)

1. ORGANIZATION (continued)

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 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 ofsub-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 thedifference 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 theex-dividend date or, in the case of foreign securities, as soon as the Funds are informed of theex-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 theex-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 S&P EM 100 & Managed Risk organizational and offering costs. The offering and organizational costs are not subject to repayment to TAM by the Fund.

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 2019

Page    48

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2019

(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 based on the best information available in the circumstances, to the extent observable inputs are not available, which may include the Funds’ own assumptions used in determining the fair value of investments and derivative instruments.

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, 2019, is disclosed within the Security Valuation section of each Fund’s Schedule of Investments.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material.

Fair value measurements: Descriptions of the valuation techniques applied to the 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, ETFs 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.

Rights: Rights may be priced intrinsically using a model that incorporates the subscription or strike price, the daily market price for the underlying security, and a subscription ratio. If the inputs are unavailable, or if the subscription or strike price is higher than the market price, then the rights are priced at zero. Rights are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

Contingent value rights (“CVR”): CVRs for which quotations are not readily available are valued at fair value as determined in good faith by the Valuation Committee under the supervision of the Board. CVRs are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data relating to the issuer. Depending on the relative significance of observable valuation inputs, these investments may be classified in either Level 2 or Level 3 of the fair value hierarchy.

Transamerica ETF Trust Semi-Annual Report 2019

Page    49

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2019

(unaudited)

3. SECURITY VALUATION (continued)

Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.

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

U.S. government obligations: U.S. government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

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

Contingent value rights: The Funds may invest in CVRs, which is a type of right given to investors of an acquired company (or a company facing major restructuring) that ensures additional benefit if a specified event occurs. A CVR often has an expiration date that relates to the time the contingent event must occur. CVRs generally lack liquidity since most arenon-transferable and a large number of legal and other issues can arise when negotiating and implementing these instruments.

CVRs held at June 30, 2019, if any, are identified within the Schedule of 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 atyear-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 bere-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, 2019, 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.

Repurchase agreements: In a repurchase agreement, the Fund purchases a security and simultaneously commits to resell that security to the seller at an agreed-upon price on an agreed-upon date.Securities purchased subject to a repurchase agreement are held at the Fund’s custodian, or designatedsub-custodian related totri-party repurchase agreements, and, pursuant to the terms of the repurchase agreement, must be collateralized by securities with an aggregate market value greater than or equal to 100% of the resale price. The Fund will bear the risk of value fluctuations until the securities can be sold and may encounter delays and incur costs in liquidating the securities. In the event of bankruptcy or insolvency of the seller, delays and costs may be incurred.

Transamerica ETF Trust Semi-Annual Report 2019

Page    50

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2019

(unaudited)

5. BORROWINGS AND OTHER FINANCING TRANSACTIONS (continued)

Repurchase agreements are subject to netting agreements, which are agreements between the Fund and its counterparties that provide for the net settlement of all transactions and collateral with the Fund , through a single payment, in the event of default or termination. Amounts presented within the Schedule of Investments, and as part of Repurchase agreements, at value within the Statement of Assets and Liabilities are shown on a gross basis. The value of the related collateral for each repurchase agreement, as reflected within the Schedule of Investments, exceeds the value of each repurchase agreement at June 30, 2019.

Repurchase agreements at June 30, 2019, if any, are included within the Schedule of Investments and Statement of Assets and Liabilities.

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 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. The TAM family of mutual funds is a significant shareholder of the Navigator as of June 30, 2019. No individual fund has a significant holding in the Navigator. By lending securities, the Funds seek to increase their net investment income through the receipt of interest and fees. Such income is reflected in Net income from securities lending within the Statements of Operations and 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, 2019, 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, 2019.

	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 ETF
Securities Lending Transactions
Common Stocks	$	3,146,033	$	—	$	—	$	—	$	3,146,033
Total Borrowings	$	3,146,033	$	—	$	—	$	—	$	3,146,033
S&P 500 Managed Risk ETF
Securities Lending Transactions
Common Stocks	$	761,436	$	—	$	—	$	—	$	761,436
Total Borrowings	$	761,436	$	—	$	—	$	—	$	761,436
S&P 600 Managed Risk ETF
Securities Lending Transactions
Common Stocks	$	1,378,846	$	—	$	—	$	—	$	1,378,846
Total Borrowings	$	1,378,846	$	—	$	—	$	—	$	1,378,846
S&P EM 100 & Managed Risk ETF
Securities Lending Transactions
Common Stocks	$	455,626	$	—	$	—	$	—	$	455,626
Total Borrowings	$	455,626	$	—	$	—	$	—	$	455,626
S&P International Managed Risk ETF
Securities Lending Transactions
Common Stocks	$	6,186,122	$	—	$	—	$	—	$	6,186,122
Total Borrowings	$	6,186,122	$	—	$	—	$	—	$	6,186,122

Transamerica ETF Trust Semi-Annual Report 2019

Page    51

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2019

(unaudited)

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.

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, 2019, 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.

Transamerica ETF Trust Semi-Annual Report 2019

Page    52

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2019

(unaudited)

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

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, 2019.

Asset Derivatives
Fund/Location	Interest Rate Contracts		Foreign Exchange Contracts		Equity Contracts		Credit Contracts		Commodity Contracts		Total
S&P 400 Managed Risk ETF
Futures contracts:
Total distributable earnings (accumulated losses) (A) (B)	$	—	$	—	$	11,899	$	—	$	—	$	11,899
Total	$	—	$	—	$	11,899	$	—	$	—	$	11,899
S&P 500 Managed Risk ETF
Futures contracts:
Total distributable earnings (accumulated losses) (A) (B)	$	—	$	—	$	61,592	$	—	$	—	$	61,592
Total	$	—	$	—	$	61,592	$	—	$	—	$	61,592
S&P 600 Managed Risk ETF
Futures contracts:
Total distributable earnings (accumulated losses) (A) (B)	$	—	$	—	$	3,151	$	—	$	—	$	3,151
Total	$	—	$	—	$	3,151	$	—	$	—	$	3,151
S&P EM 100 & Managed Risk ETF
Futures contracts:
Total distributable earnings (accumulated losses) (A) (B)	$	—	$	—	$	15,103	$	—	$	—	$	15,103
Total	$	—	$	—	$	15,103	$	—	$	—	$	15,103
S&P International Managed Risk ETF
Futures contracts:
Total distributable earnings (accumulated losses) (A) (B)	$	—	$	—	$	73,884	$	—	$	—	$	73,884
Total	$	—	$	—	$	73,884	$	—	$	—	$	73,884

(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.

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, 2019.

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 ETF
Futures contracts	$	11,252	$	—	$	198,334	$	—	$	—	$	209,586
Total	$	11,252	$	—	$	198,334	$	—	$	—	$	209,586
S&P 500 Managed Risk ETF
Futures contracts	$	7,279	$	—	$	672,783	$	—	$	—	$	680,062
Total	$	7,279	$	—	$	672,783	$	—	$	—	$	680,062
S&P 600 Managed Risk ETF
Futures contracts	$	669	$	—	$	76,455	$	—	$	—	$	77,124
Total	$	669	$	—	$	76,455	$	—	$	—	$	77,124

Transamerica ETF Trust Semi-Annual Report 2019

Page    53

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2019

(unaudited)

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

Realized Gain (Loss) on Derivative Instruments
Fund/Location	Interest Rate Contracts			Foreign Exchange Contracts		Equity Contracts		Credit Contracts		Commodity Contracts		Total
S&P EM 100 & Managed Risk ETF
Futures contracts	$	—		$	—	$	184,413	$	—	$	—	$	184,413
Total	$	—		$	—	$	184,413	$	—	$	—	$	184,413
S&P International Managed Risk ETF
Futures contracts	$	(6,585	)	$	—	$	695,556	$	—	$	—	$	688,971
Total	$	(6,585	)	$	—	$	695,556	$	—	$	—	$	688,971

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 ETF
Futures contracts	$	(503	)	$	—	$	(4,911	)	$	—	$	—	$	(5,414	)
Total	$	(503	)	$	—	$	(4,911	)	$	—	$	—	$	(5,414	)
S&P 500 Managed Risk ETF
Futures contracts	$	(326	)	$	—	$	(2,915	)	$	—	$	—	$	(3,241	)
Total	$	(326	)	$	—	$	(2,915	)	$	—	$	—	$	(3,241	)
S&P 600 Managed Risk ETF
Futures contracts	$	(29	)	$	—	$	(6,419	)	$	—	$	—	$	(6,448	)
Total	$	(29	)	$	—	$	(6,419	)	$	—	$	—	$	(6,448	)
S&P EM 100 & Managed Risk ETF
Futures contracts	$	—		$	—	$	15,103		$	—	$	—	$	15,103
Total	$	—		$	—	$	15,103		$	—	$	—	$	15,103
S&P International Managed Risk ETF
Futures contracts	$	(1,542	)	$	—	$	68,287		$	—	$	—	$	66,745
Total	$	(1,542	)	$	—	$	68,287		$	—	$	—	$	66,745

The following is a summary of the ending monthly average volume on derivative activity during the period ended June 30, 2019.

	Futures Contracts at Notional Amount
Fund	Long		Short
S&P 400 Managed Risk ETF	$	1,342,153	$	—
S&P 500 Managed Risk ETF		4,624,251		—
S&P 600 Managed Risk ETF		428,599		—
S&P EM 100 & Managed Risk ETF		469,250		—
S&P International Managed Risk ETF		3,268,656		—

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 a Fund fails to maintain sufficient asset coverage for its contracts or its net assets decline by stated percentages.

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 at 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 a Fund from its counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from counterpartynon-performance.

Transamerica ETF Trust Semi-Annual Report 2019

Page    54

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2019

(unaudited)

7. RISK FACTORS

Investing in the Funds involves certain key risks related to the Funds’ trading activity. Please reference the Funds’ prospectus for a more complete discussion of the following risk(s), as well as other risks of investing in the Funds.

Asset Allocation: Each Underlying Index and, thus, each Fund allocates 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.

Emerging market risk: Investments in the securities of issuers located in or principally doing business in emerging markets bear heightened foreign investments risks. Emerging market countries typically have economic, political and legal systems and regulatory and accounting standards that are less fully developed, and that can be expected to be less stable than those of more developed countries. For example, the economies of such countries can be subject to rapid and unpredictable rates of inflation or deflation. Emerging market countries may have policies that restrict investment by foreigners or that prevent foreign investors from withdrawing their money at will. Emerging market securities are often particularly sensitive to market movements because their market prices tend to reflect speculative expectations. Some emerging market countries are especially vulnerable to economic conditions in other countries. Low trading volumes may result in a lack of liquidity and in extreme price volatility. A fund investing in emerging market countries may be required to establish special custody or other arrangements before investing. An investment in emerging market securities should be considered speculative.

Foreign investment risk: Investments in securities of foreign issuers (including those denominated in U.S. dollars) or issuers with significant exposure to foreign markets are subject to additional risks. Foreign countries in which a fund may invest may have markets that are less liquid, less regulated, less transparent and more volatile than U.S. markets. The value of a fund’s investments may decline because of factors affecting the particular issuers 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. Values may also be affected by restrictions on receiving the investment proceeds from a foreign country. Foreign countries in which the Fund may invest may have markets that are less liquid, less regulated, less transparent and more volatile than U.S. markets. The value of the Fund‘s investments may decline because of factors affecting the 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 theSub-Adviser seeks to track the performance of an Underlying Index (i.e., achieve a high degree of correlation with the Underlying Index), a Fund’s return may not match the return of the Underlying Index. Each Fund incurs a number of operating expenses not applicable to the Underlying Index, and incurs costs in buying and selling securities. In addition, a Fund may not be fully invested at times, either as a result of cash flows into or out of the fund or reserves of cash held by the fund to meet redemptions. Changes in the composition of the Underlying Index and regulatory requirements also may impact a Fund’s ability to match the return of the Underlying Index. TheSub-Adviser may apply one or more “screens” or investment techniques to refine or limit the number or types of issuers included in the Underlying Index in which a fund may invest. Application of such screens or techniques may result in investment performance below that of the Underlying Index and may not produce results expected by the Investment Manager. Index tracking risk may be heightened during times of increased market volatility or other unusual market conditions. In addition, due to the potential for frequent rebalancing of the Underlying Indexes, there is greater risk that theSub-Adviser may fail to implement changes to a fund’s portfolio necessary to track the performance of the relevant Underlying Index.

Small and medium capitalization risk: Small or medium capitalization companies may be more at risk than larger 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 larger 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, LLC (“AUSA”), both of which are indirect, wholly owned subsidiaries of Aegon N.V. TPLIC is owned by Commonwealth General Corporation (“Commonwealth”). Commonwealth and AUSA are wholly owned by Transamerica Corporation, a financial services holding company whose primary emphasis is on life and health insurance, and annuity and investment products. Transamerica Corporation is owned by The Aegon Trust, which is owned by Aegon International B.V., which is owned by Aegon N.V., a Netherlands corporation, and a publicly traded international insurance group.

Transamerica ETF Trust Semi-Annual Report 2019

Page    55

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2019

(unaudited)

8. FEES AND OTHER AFFILIATED TRANSACTIONS (continued)

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.

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 EM 100 & Managed Risk		0.60
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.

Distribution and service fees: The Trust has a distribution plan (“Distribution Plan”) pursuant to Rule12b-1 under the 1940 Act, however, the Distribution Plan has not yet been implemented. 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. 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 orsub-adviser(s) for the period ended June 30, 2019.

9. PURCHASES AND SALES OF SECURITIES

For the period ended June 30, 2019, the cost of securities purchased and proceeds from securities sold (excludingin-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	$	90,800,595	$	199,021,092	$	37,948,657	$	252,404,045
S&P 500 Managed Risk		312,258,271		395,678,328		76,746,884		628,424,085
S&P 600 Managed Risk		31,579,262		102,725,484		15,797,969		118,842,935
S&P EM 100 & Managed Risk		31,622,570		34,792,737		12,600,447		29,563,079
S&P International Managed Risk		110,461,285		52,841,066		17,373,280		141,966,812

For the period ended June 30, 2019, the cost ofin-kind purchases and proceeds fromin-kind sales are as follows:

Fund	In-Kind Purchases		In-Kind Sales
S&P 400 Managed Risk	$	—	$	11,041,957
S&P 500 Managed Risk		5,495,276		12,194,344
S&P 600 Managed Risk		—		1,620,023
S&P EM 100 & Managed Risk		21,038,016		—
S&P International Managed Risk		3,250,349		30,190,419

Transamerica ETF Trust Semi-Annual Report 2019

Page    56

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2019

(unaudited)

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 ofin-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.

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. Distributions are determined in accordance with income tax regulations, which may differ from GAAP.

As of June 30, 2019, 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) are as follows:

Fund	Cost		Gross Appreciation		Gross (Depreciation)			Net Appreciation (Depreciation)
S&P 400 Managed Risk	$	95,967,158	$	7,152,708	$	(3,005,732	)	$	4,146,976
S&P 500 Managed Risk		386,421,115		44,246,343		(5,862,558	)		38,383,785
S&P 600 Managed Risk		40,772,603		2,529,125		(1,832,781	)		696,344
S&P EM 100 & Managed Risk		45,055,327		1,149,658		(1,354,697	)		(205,039	)
S&P International Managed Risk		195,909,133		16,214,510		(12,740,565	)		3,473,945

12. NEW ACCOUNTING PRONOUNCEMENT

In August 2018, the Financial Accounting Standards Board issued Accounting Standards UpdateNo. 2018-13 (“ASU2018-13”), “Fair Value Measurement (Topic 820: Disclosure Framework), Changes to the Disclosure Requirements for Fair Value Measurement”. ASU2018-13 eliminates the requirement to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the timing of transfers between levels of the fair value hierarchy and the valuation processes for Level 3 fair value measurements. ASU2018-13 does not eliminate the requirement to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements, or the reporting of changes in unrealized gains and losses for recurring Level 3 fair value measurements. ASU2018-13 requires that information is provided about the measurement uncertainty of Level 3 fair value measurements as of the reporting date. The amendment is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Management has evaluated and has early adopted the disclosure requirements and the impact is reflected within the Funds’ financial statements.

13. LEGAL PROCEEDINGS

On August 27, 2018, Transamerica Asset Management, Inc. (“TAM”), Aegon USA Investment Management, LLC (“AUIM”) and Transamerica Capital, Inc. (“TCI”) reached a settlement with the Securities and Exchange Commission (the “SEC”) that resolved an investigation into asset allocation models and volatility overlays utilized by AUIM when it served assub-adviser to certain Transamerica-sponsored mutual funds, and related disclosures. TAM and TCI serve as investment manager and principal underwriter, respectively, to Transamerica-sponsored mutual funds. TAM also serves as the investment manager to the DeltaShares exchange traded funds, and TCI also serves as the principal underwriter to the variable life insurance and annuity products through which certain Transamerica-sponsored mutual funds are offered. AUIM, an affiliate of TAM and TCI, serves assub-adviser to a number of Transamerica-sponsored mutual funds.

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Page    57

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2019

(unaudited)

13. LEGAL PROCEEDINGS (continued)

The SEC’s order instituting administrative andcease-and-desist proceedings (the “Order”) pertains to events that occurred during the period between July 2011 and June 2015, and, among other things, the operation and/or implementation of an asset allocation model utilized by AUIM when it served assub-adviser to certain Transamerica tactical funds and asset allocation funds, the designation of the portfolio manager for certain of these funds as well as the operation and/or implementation of volatility overlays utilized by AUIM when it served assub-adviser to the asset allocation funds. The Order also states that the parties failed to make appropriate disclosures regarding these matters, including in marketing materials, and failed to have adequate compliance policies and procedures. AUIM ceased to serve assub-adviser to the Transamerica tactical funds on April 30, 2015 and to the Transamerica asset allocation funds on June 30, 2015.

Under the terms of the Order, AUIM, TAM and TCI were censured, and agreed, without admitting or denying the findings in the Order, to cease and desist from committing or causing any violations of certain statutory provisions and SEC rules. AUIM agreed to pay civil penalties of $21,000,000, $24,599,896 in disgorgement and $3,682,195 in prejudgment interest. TAM agreed to pay civil penalties of $10,500,000, $15,000,000 in disgorgement and $2,235,765 in prejudgment interest. TCI agreed to pay civil penalties of $4,000,000, $12,000,000 in disgorgement and $1,826,022 in prejudgment interest. The amounts paid in disgorgement, prejudgment interest and civil penalties have been deposited into a Fair Fund for distribution to affected investors. Affected investors are those who purchased or held the relevant mutual funds, variable life insurance and annuity investment portfolios and separately managed account strategies during the period between July 2011 and June 2015. The Order states that these investors are to receive from the Fair Fund the pro rata fees and commissions paid by them during that period, subject to any de minimis threshold.

The settlement does not impose any restrictions on the business or continued ability of AUIM, TAM or TCI to serve the funds.

The foregoing is only a brief summary of the Order. A copy of the Order is available on the SEC’s website at https://www.sec.gov.

The funds are affected by many factors and risks: for example, the risk that thesub-advisers’ judgments and investment decisions, and methods, tools, resources, information, models and analyses utilized in making investment decisions, are incorrect or flawed, do not produce the desired results, and cause the funds to lose value. See “Principal Risks” in the prospectus.

The Order and settlement has no impact on the Funds’ financial statements.

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Approval of the Management Agreement and InvestmentSub-Advisory Agreement

On May 20, 2019, at a meeting of the Board of Trustees (the “Board” or “Trustees”) of Transamerica ETF Trust (“Trust”), including those Trustees who are not interested persons of the Trust (“Independent Trustees”), the Board considered (1) the continued appointment of Transamerica Asset Management, Inc. (“TAM”) as investment manager of the DeltaShares S&P 400 Managed Risk ETF (“DMRM”), DeltaShares S&P 500 Managed Risk ETF (“DMRL”), DeltaShares S&P 600 Managed Risk ETF (“DMRS”), DeltaShares S&P International Managed Risk ETF (“DMRI”) and DeltaShares S&P EM 100 & Managed Risk ETF (“DMRE,” and collectively, the “Funds”), pursuant to the renewal of the Management Agreement between TAM and the Trust with respect to the Funds, and (2) the continued appointment of Milliman Financial Risk Management LLC (“Sub-Adviser”) as investmentsub-adviser of the Funds pursuant to the renewal of the InvestmentSub-Advisory Agreement betweenSub-Adviser and TAM with respect to the Funds. In preparation for its deliberations, the Board requested, and received in advance of the meeting, a written response from each of TAM and theSub-Adviser (collectively, the “Advisers”) to a due diligence questionnaire circulated on the Board’s behalf regarding the services it provides to the Funds. In addition, during its deliberations the Board received an oral presentation from TAM and theSub-Adviser, and was assisted by the advice of Fund counsel. The Independent Trustees were also assisted by the advice of Independent Trustee counsel with whom they met in executive session to discuss the renewal of the Management Agreement and the InvestmentSub-Advisory Agreement (the “Agreements”) with respect to each Fund. The Board considered the Agreements for each Fund and the engagement of the TAM and theSub-Adviser separately.

The Trustees evaluated the information provided by the Advisers in connection with the Board’s consideration of the renewal of the Agreements in light of the legal advice furnished to them by counsel and their own business judgment. In this respect, the Board considered, among other matters: (1) the nature, extent and quality of the services provided to the Funds by TAM and theSub-Adviser under the Agreements, including information on the investment performance of each Fund; (2) the costs of the services provided to the Funds by TAM and theSub-Adviser and the profitability of each Adviser’s relationship with the Funds; (3) information concerning the advisory fee rate and net total expense ratio of each Fund, including a comparison of each Fund’s advisory fee rate and gross and net total expense ratio to those of comparable exchange-traded funds (“ETFs”) identified by Broadridge Financial Solutions, Inc. (“Broadridge”) (such companies collectively, a “peer group”); (4) the extent to which, under the Agreements, economies of scale may be realized by each Fund as it grows due to the advisory fee rate and/or structure enabling investors to share in the benefits of economies of scale; and (5) other benefits received by TAM (and its affiliates) and theSub-Adviser (and its affiliates) from their respective relationships with the Funds. The Board did not identify any single factor as being of paramount importance, and different Trustees may have given different weight to different factors. The Board reviewed a memorandum from Independent Trustee counsel discussing the legal standards applicable to its consideration of the Agreements. In reviewing the information provided for the meeting, the Board recognized that the evaluation process with respect to TAM and theSub-Adviser was an ongoing one and, in this regard, the Board considered information provided by TAM and theSub-Adviser at regularly scheduled meetings during the past year.

The nature, extent and quality of the advisory services provided, including investment performance. The Board considered the nature, extent and quality of the services provided by TAM andSub-Adviser under the Agreements. In this regard, the Board considered the investment objective and strategy of each Fund, including its dynamic nature, which may require theSub-Adviser to shift each Fund’s allocations between equity and fixed income exposures on a frequent (even daily) basis. The Board also considered TAM’s oversight responsibilities with respect to each Fund, including of theSub-Adviser’s trading on behalf of the Funds to implement their dynamic investment strategies, as well as of the Funds’ other service providers. The Board noted the continuous and regular management and services provided by each of TAM and theSub-Adviser with respect to the Funds. The Board also noted the experience, capability and integrity of the TAM andSub-Adviser personnel involved with the Funds and, in particular, the professional qualifications of theSub-Adviser’s portfolio management team, including theSub-Adviser’s experience implementing managed risk strategies. Further, the Board reviewed the financial position of TAM andSub-Adviser in order to evaluate their ability to continue to provide the same quality and level of services under the Agreements as in the past.

The Board also considered the compliance and operational resources of TAM and theSub-Adviser. In this regard, the Board reviewed a written report from the Trust’s chief compliance officer (“CCO”) setting forth his annual assessment of TAM’s and theSub-Adviser’s compliance programs which reflected the CCO’s conclusion that theSub-Adviser had robust compliance policies and procedures. In addition, the Board considered TAM’s compliance policies and procedures in light of, among other things, various enhancements TAM made, or is making, to its compliance program and TAM’s addition of experienced compliance personnel, both at the parent company level and at TAM. The Board observed that TAM’s dedication of resources to compliance since the last approval of the Agreements had evidenced its commitment to a robust compliance regime.

The Board considered the performance of each Fund, based on its seeking to replicate the performance results of its underlying index, and reviewed the accuracy with which each Fund tracked its underlying index. The Board noted that, except for DMRI, the performance of the Funds that had been operational for at least one year at the time of the meeting had generally outperformed thenon-risk managed version of their underlying index. In addition, the Board reviewed the Funds’ daily tracking tolerance bands and the Funds’ acceptable annualized tracking error ranges, including in each case how they were determined. On the basis of this and other information, the Board concluded that TAM andSub-Adviser were providing an appropriate level of investment management services to the Funds and that the Funds could benefit from their continued management.

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Approval of the Management Agreement and InvestmentSub-Advisory Agreement (continued)

Management fees,sub-advisory fees and net expense ratios.The Board considered the management andsub-advisory fees and gross and net total expense ratios of each of the Funds, including information comparing the management fee and gross and net total expense ratio of each Fund to the management fees and gross and net total expense ratios of its ETF peer group, as identified by Broadridge. The Board noted that the management fee paid to TAM is a “unitary” fee, meaning that TAM is responsible for paying all expenses of the Funds out of the management fee (other than those expenses specifically excluded in the Management Agreement), including thesub-advisory fee. The Board observed that the actual management fees of each Fund are higher than the median of the relevant peer group and that, with the exception of DMRL, the net total expense ratio of each Fund was higher than the median of the relevant peer group. In considering the reasonableness of the management fees, the Board noted the complexity of the managed risk strategy pursued by each Fund and the portfolio management services required to manage each Fund’s portfolio. The Board also noted that because the Funds’ underlying indexes and, therefore, the Funds may rebalance on a daily basis, the investment management services provided to the Funds may be more involved than those required of other passive ETFs in the Funds’ peer groups that rebalance less frequently.

The Board considered the different management fees paid by the Funds under the Management Agreement. The Board considered TAM’s representation that DMRL was intentionally priced lower for competitive purposes. The Board also noted TAM’s representation that DMRI and DMRE, as a result of tracking foreign securities indexes, required more attention to valuation, which was considered when proposing the management fees. The Board further considered the impact of corporate actions, number and liquidity of index components on the investment management activities required of TAM and of theSub-Adviser, which may warrant higher management fees. The Board then discussed potential conflicts that may arise under the unitary fee structure and TAM’s mitigation and monitoring of those conflicts.

The Board considered the specific management services provided by TAM for the portion of the management fee it retains under the Management and InvestmentSub-Advisory Agreements. The Board noted that these services include, among others, the services TAM provides in the form of oversight of the services provided by the Funds’ custodian, transfer agent, independent accountant and legal counsel and supervision of the performance of recordkeeping and shareholder relations functions of the Funds. The Board also noted that TAM, as a “manager of managers,” provides selection, oversight and monitoring of theSub-Adviser. The Board considered that TAM’s management services also include, among other things, the provision of supervisory, compliance and administrative services to each Fund. To provide these services, the Board noted that TAM had made, and was continuing to make, significant commitments to the development, management and success of the Funds. In this regard, the Board noted that TAM assumes commensurate entrepreneurial risk, including by hiring and developing dedicated investment management, product development and other personnel for the Funds’ operations. The Trustees considered that TAM’s responsibilities include continual management of investment, operational, enterprise, legal, regulatory, and compliance risks as they relate to the Funds. They also considered TAM’s operational infrastructure, including its risk management, technology and cybersecurity controls and systems.

With respect to thesub-advisory fee, in particular, the Board observed that TAM paid the fee directly out of its management fee. Accordingly, the Board reasoned that TAM would likely have negotiated at arm’s length for a competitive rate, including because allsub-advisory fees paid by TAM directly and adversely impact the profitability of the Funds to TAM.

On the basis of these and other considerations, the Board determined that the management andsub-advisory fees to be received by TAM andSub-Adviser under the Agreements were reasonable in light of the services to be provided and the risks to be borne by TAM and theSub-Adviser, respectively.

The cost of advisory services provided and the level of profitability.The Board considered the profitability data provided by TAM and theSub-Adviser. The Board noted that, although each Fund appeared to be profitable to theSub-Adviser, the Funds were not yet profitable to TAM. In this regard, the Board noted that the majority of the assets under management in the Funds had been invested by mutual funds advised by TAM and that TAM had implemented waivers with respect to a portion of such investments. In addition, with respect to the profitability of the Funds to theSub-Adviser, the Board observed that theSub-Adviser was paid directly by TAM out of the management fee and, therefore, TAM could be assumed to have negotiated a competitivesub-advisory fee rate that would ensure that no Fund was unreasonably profitable to theSub-Adviser. Based on this information, the Board determined that the profitability of TAM and theSub-Adviser from their respective relationships with each Fund was not excessive.

Whether fee levels reflect economies of scale and the extent to which economies of scale would be realized as the Funds grow.The Board evaluated the extent to which the management fee payable under the Management Agreement reflects economies of scale or will permit economies of scale to be realized in the future. Based upon its review of the Funds’ assets under management, including third party assets under management, the Board concluded that the Funds were not currently experiencing any economies of scale and that, as each Fund grows, the Board will have the opportunity tore-evaluate any economies of scale.

Benefits to the Advisers and their affiliates from their relationship with the Funds.The Board considered other benefits derived by TAM and its affiliates and, separately, by theSub-Adviser and its affiliates from their respective relationships with the Funds. The

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Page    60

Approval of the Management Agreement and InvestmentSub-Advisory Agreement (continued)

Board noted that TAM would not realize soft dollar benefits from its relationships with the Funds, but that theSub-Adviser could engage in soft dollar arrangements consistent with applicable law and “best execution” requirements and that under such circumstances, theSub-Adviser would derive somefall-out benefits from its relationship with the Funds. The Board also considered the benefits to TAM and theSub-Adviser of investments in the Funds by such other funds that they, respectively, manage andsub-advise. In light of certain partial waivers of fees otherwise earned by TAM (and passed through to theSub-Adviser) in connection with the investment by other funds in the Funds, the Board concluded that, under the totality of the circumstances, thefall-out benefits enjoyed by TAM and theSub-Adviser in connection with the Funds were not unreasonable.

Conclusion. Based on its review, including consideration of each of the factors referenced above, and its consideration of information received throughout the year from TAM and theSub-Adviser, the Board determined, in the exercise of its business judgment, that the advisory arrangements, as outlined in the Agreements, were fair and reasonable in light of the services performed or to be performed, expenses incurred or to be incurred and such other matters as the Board considered relevant.

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LIQUIDITY RISK MANAGEMENT PROGRAM (“LRMP”)

(unaudited)

Per initial requirements for SEC Rule 22e-4, TAM established a LRMP in 2018, which was approved by the Board in March of 2019. In advance of the final compliance date of June 1, 2019, TAM successfully completed the liquidity rule implementation. All Funds were on-boarded to the State Street Global Exchange (SSGX) truView system (a third-party liquidity bucketing tool) at the end of December 2018. TAM currently has policies and procedures established for the day to day monitoring of liquidity risk, and continues to test and improve these policies and procedures as may be required.

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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 Statement 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 athttp://www.sec.gov.

In addition, the Funds are required to file Form N-PX, with their complete proxy voting records for the most recent 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 calling1-888-316-8077; and (2) on the SEC’s website athttp://www.sec.gov.

Each fiscal quarter, the Funds will file with the SEC a complete schedule of their monthly portfolio holdings on Form N-PORT. The Funds’ holdings as of the end of the third month of every fiscal quarter, as reported on Form N-PORT, will be publicly available on the SEC’s website athttp://www.sec.gov within 60 days of the end of the fiscal quarter.

You may also visit the Trust’s website atwww.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 2019

Page    63

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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Customer Service:1-888-316-8077

1801 California St., Suite 5200 Denver, CO 80202

Distributor: Foreside Fund Services, LLC

www.deltashares.com

In an effort to reduce paper mailings and conserve natural resources, we encourage you to visit our website, www.transamerica.com, to set up an account and enroll in eDelivery.

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

124294 06/19

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 are included in the Semi-Annual Report to shareholders filed under Item 1 of this FormN-CSR.

(b) Not applicable.

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

Not applicable.

Item 8: Portfolio Managers ofClosed-End Management Investment Companies.

Not applicable.

Item 9: Purchases of Equity Securities byClosed-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 FormN-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 half-year 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 forClosed-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 Rule30a-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 Rule30a-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, 2019

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, 2019
By:	/s/ Vincent J. Toner
	Vincent J. Toner
	Vice President and Treasurer
	(Principal Financial Officer)
Date:	September 4, 2019

EXHIBIT INDEX

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