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

As filed with the Securities and Exchange Commission on September 2, 2021

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-23237

TRANSAMERICA ETF TRUST

(Exact Name of Registrant as Specified in Charter)

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

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, including Area Code: 1-888-316-8077

Erin Nelson, 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, 2021

Item 1: Report(s) to Shareholders.

The Semi-Annual Report is attached.

TRANSAMERICA ETF TRUST

SEMI-ANNUAL REPORT

JUNE 30, 2021

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	29
Statements of Assets and Liabilities	42
Statements of Operations	43
Statements of Changes in Net Assets	44
Financial Highlights	46
Notes to Financial Statements	49
Approval of Management and Subadvisory Agreements	60
Liquidity Risk Management Program	63
Proxy Voting Policies and Procedures and Quarterly Portfolio Holdings	64
Notice of Privacy Policy	65

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 2021

Dear Shareholder,

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

This semi-annual report provides you with information about the investments of your Fund(s). The Securities and Exchange Commission requires that notice of internet availability of annual and semi-annual reports, or paper copies of such reports if so requested, be provided to all shareholders. We believe this to be an important part of the investment process. This report provides detailed information about your Fund(s) for the six-month period ended June 30, 2021.

We believe it is important to understand market conditions over the period to provide a context for reading this report. The period began in January 2021 with COVID-19 case trends exceeding their highest levels ever; however, by springtime, COVID-19 vaccine distribution ramped up considerably reaching widespread segments of the U.S. population. Active cases and fatalities declined rapidly as plans to re-open the economy soon dovetailed with expectations of economic growth, and stocks moved higher. Increasing economic activity during the period drove the equity markets to record highs, and credit spreads narrowed to pre-pandemic levels. Longer-term interest rates also experienced a sharp increase as the 10-year U.S. Treasury yield finished the first quarter at 1.74%, over a full percentage point higher than its lowest rate of the previous year. Rising rates caused bonds to decline in value during the period. In addition, an old market nemesis reappeared in the form of inflation as Consumer Price Index (“CPI”) readings surpassed 5% annually, representing price increases not seen in decades. With inflation now front and center on investors’ minds, attention once again turned to the Federal Reserve (“Fed”) in terms of future monetary policy.

Stocks were boosted during the period in large part by strength in corporate earnings as seen by the S&P 500^® Index underlying companies displaying substantial profit growth from last year, exceeding pre-pandemic measures. As earnings estimates continued to rise through the first half of the year, so did share prices. As the year approached its midpoint, longer-term interest rates began to decline meaningfully with the 10-year Treasury closing out the month of June at 1.45%, perhaps representing, in our view, not only the bond market’s interpretation that inflation could prove transitory, but also a less optimistic view on the broad economy.

The period concluded with most stock indexes at or near record levels and credit markets reflecting strong fundamentals. A spirited debate still ensued at period end as to whether recently rising inflation would ultimately prove to be transitory or more permanent in nature. While the Fed has expressed its view that current inflation rates will likely prove transitory, as well as a willingness to let inflation run above their long-term target of 2% for some degree of time, inflation trends and Fed policy, in our view, will almost certainly be a major market focus looking forward.

For the six-month period ended June 30, 2021, the S&P 500^® Index returned 15.25%, while the MSCI EAFE Index, representing international developed market equities, returned 9.17%. During the same period, the Bloomberg Barclays US Aggregate Bond Index returned -1.60%. 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

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.

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.

S&P 500^® Index: 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.

The COVID-19 pandemic has caused substantial market disruption and dislocation around the world including the U.S. During periods of market disruption, which may trigger trading halts, the Fund’s exposure to the risks described elsewhere in the Prospectus will likely increase. As a result, whether or not the Fund invests in securities of issuers located in or with significant exposure to the countries directly affected, the value and liquidity of the Fund’s investments may be negatively affected.

The views expressed in this report reflect those of Transamerica Asset Management only and may not necessarily represent the views of Transamerica ETF Trust. These views are as of the date of this report and subject to change based upon market conditions. These views should not be relied upon as investment advice and are not indicative of trading intent on behalf of Transamerica ETF Trust. Investing involves risk, including potential loss of principal. The performance data presented represents past performance and does not guarantee future results. Indexes are unmanaged and it is not possible to 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, 2021, and held for the entire six-month period until June 30, 2021.

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 January 1, 2021		Ending Account Value June 30, 2021		Expenses Paid During Period (B)		Ending Account Value June 30, 2021		Expenses Paid During Period (B)		Net Annualized Expense Ratio (C)
DeltaShares® S&P 400 Managed Risk ETF	$	1,000.00	$	1,112.40	$	2.36	$	1,022.60	$	2.26		0.45	%
DeltaShares® S&P 500 Managed Risk ETF		1,000.00		1,142.20		1.86		1,023.10		1.76		0.35
DeltaShares® S&P 600 Managed Risk ETF		1,000.00		1,115.50		2.36		1,022.60		2.26		0.45
DeltaShares® S&P EM 100 & Managed Risk ETF		1,000.00		1,057.00		3.06		1,021.80		3.01		0.60
DeltaShares® S&P International Managed Risk ETF		1,000.00		1,081.60		2.58		1,022.30		2.51		0.50

(A)	5% return per year before expenses.
(B)	Expenses are calculated using each Fund’s net annualized expense ratios, 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)	Net annualized expense ratios, as disclosed in the table, do not include the expenses of the underlying investments in which the Funds invest. The total annual fund operating expenses, as stated in the fee table of the Prospectus, may differ from the expense ratios disclosed in this report.

Transamerica ETF Trust Semi-Annual Report 2021

Page    2

Schedules of Investments Composition

At June 30, 2021

(unaudited)

DeltaShares® S&P 400 Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		92.9	%
Short-Term U.S. Government Obligation		7.0
Other Investment Company		0.4
Short-Term Investment Company		0.1
Net Other Assets (Liabilities) ^		(0.4	)
Total		100.0	%
DeltaShares® S&P 500 Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		99.8	%
Short-Term Investment Company		0.2
Other Investment Company		0.0	*
Net Other Assets (Liabilities) ^		0.0	*
Total		100.0	%
DeltaShares® S&P 600 Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		68.3	%
U.S. Government Obligation		31.5
Other Investment Company		1.2
Short-Term Investment Company		0.3
Warrant		0.0	*
Net Other Assets (Liabilities) ^		(1.3	)
Total		100.0	%

DeltaShares® S&P EM 100 & Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		98.4	%
Other Investment Company		0.9
Preferred Stocks		0.9
Short-Term Investment Company		0.2
Net Other Assets (Liabilities) ^		(0.4	)
Total		100.0	%
DeltaShares® S&P International Managed Risk ETF
Asset Allocation	Percentage of Net Assets
Common Stocks		98.6	%
Other Investment Company		3.0
Preferred Stocks		0.6
Short-Term Investment Company		0.1
Rights		0.0	*
Net Other Assets (Liabilities) ^		(2.3	)
Total		100.0	%

Current and future portfolio holdings are subject to change and risk.

* Percentage rounds to less than 0.1% or (0.1)%.

^ 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.

Transamerica ETF Trust Semi-Annual Report 2021

Page    3

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS - 92.9%
Aerospace & Defense - 1.0%
Axon Enterprise, Inc. (A)		2,564		$453,315
Curtiss-Wright Corp.		1,623		192,748
Hexcel Corp. (A)		3,321		207,230
Mercury Systems, Inc. (A)		2,227		147,606
				1,000,899
Air Freight & Logistics - 0.6%
XPO Logistics, Inc. (A)		4,030		563,757
Airlines - 0.2%
JetBlue Airways Corp. (A)		12,553		210,639
Auto Components - 1.6%
Adient PLC (A)		3,735		168,822
Dana, Inc.		5,754		136,715
Fox Factory Holding Corp. (A)		1,664		259,018
Gentex Corp.		9,576		316,870
Goodyear Tire & Rubber Co. (A)		11,063		189,730
Lear Corp.		2,170		380,358
Visteon Corp. (A)		1,109		134,123
				1,585,636
Automobiles - 0.5%
Harley-Davidson, Inc.		6,092		279,135
Thor Industries, Inc.		2,195		248,035
				527,170
Banks - 6.4%
Associated Banc-Corp.		6,058		124,068
BancorpSouth Bank		3,825		108,362
Bank of Hawaii Corp.		1,601		134,836
Bank OZK		4,793		202,073
Cathay General Bancorp		2,969		116,860
CIT Group, Inc.		3,928		202,646
Commerce Bancshares, Inc.		4,176		311,363
Cullen / Frost Bankers, Inc.		2,242		251,104
East West Bancorp, Inc.		5,624		403,185
First Financial Bankshares, Inc.		5,641		277,142
First Horizon Corp.		21,899		378,415
FNB Corp.		12,662		156,122
Fulton Financial Corp.		6,447		101,734
Glacier Bancorp, Inc.		3,786		208,533
Hancock Whitney Corp.		3,441		152,918
Home BancShares, Inc.		6,012		148,376
International Bancshares Corp.		2,211		94,940
PacWest Bancorp		4,635		190,777
Pinnacle Financial Partners, Inc.		3,017		266,371
Prosperity Bancshares, Inc.		3,685		264,583
Signature Bank		2,285		561,310
Sterling Bancorp		7,636		189,296
Synovus Financial Corp.		5,891		258,497
Texas Capital Bancshares, Inc. (A)		2,005		127,297
Trustmark Corp.		2,514		77,431
UMB Financial Corp.		1,724		160,435
Umpqua Holdings Corp.		8,747		161,382
United Bankshares, Inc.		5,319		194,144
Valley National Bancorp		16,092		216,116
Webster Financial Corp.		3,585		191,224
Wintrust Financial Corp.		2,261		170,999
				6,402,539

	Shares		Value
COMMON STOCKS (continued)
Beverages - 0.4%
Boston Beer Co., Inc., Class A (A)		369		$ 376,675
Biotechnology - 1.7%
Arrowhead Pharmaceuticals, Inc. (A)		4,127		341,798
Emergent BioSolutions, Inc. (A)		1,806		113,760
Exelixis, Inc. (A)		12,424		226,365
Halozyme Therapeutics, Inc. (A) (B)		5,306		240,946
Ligand Pharmaceuticals, Inc. (A)		660		86,586
Neurocrine Biosciences, Inc. (A)		3,748		364,755
United Therapeutics Corp. (A)		1,776		318,632
				1,692,842
Building Products - 1.9%
Builders FirstSource, Inc. (A)		8,212		350,324
Lennox International, Inc.		1,363		478,140
Owens Corning		4,141		405,404
Simpson Manufacturing Co., Inc.		1,722		190,178
Trex Co., Inc. (A)		4,574		467,508
				1,891,554
Capital Markets - 2.4%
Affiliated Managers Group, Inc.		1,651		254,601
Evercore, Inc., Class A		1,623		228,470
FactSet Research Systems, Inc.		1,501		503,750
Federated Hermes, Inc.		3,709		125,772
Interactive Brokers Group, Inc., Class A		3,204		210,599
Janus Henderson Group PLC		6,765		262,550
Jefferies Financial Group, Inc.		7,931		271,240
SEI Investments Co.		4,699		291,197
Stifel Financial Corp.		4,166		270,207
				2,418,386
Chemicals - 2.5%
Ashland Global Holdings, Inc.		2,166		189,525
Avient Corp.		3,620		177,959
Cabot Corp.		2,245		127,808
Chemours Co.		6,562		228,358
Ingevity Corp. (A)		1,587		129,118
Minerals Technologies, Inc.		1,337		105,182
NewMarket Corp.		290		93,374
Olin Corp.		5,681		262,803
RPM International, Inc.		5,135		455,372
Scotts Miracle-Gro Co.		1,612		309,375
Sensient Technologies Corp.		1,676		145,075
Valvoline, Inc.		7,179		233,030
				2,456,979
Commercial Services & Supplies - 1.7%
Brink’s Co.		1,973		151,605
Clean Harbors, Inc. (A)		1,990		185,349
Healthcare Services Group, Inc.		2,962		93,510
Herman Miller, Inc.		2,339		110,260
IAA, Inc. (A)		5,342		291,353
KAR Auction Services, Inc. (A) (B)		4,946		86,802
MSA Safety, Inc.		1,444		239,098
Stericycle, Inc. (A)		3,638		260,299
Tetra Tech, Inc.		2,147		262,020
				1,680,296
Communications Equipment - 0.8%
Ciena Corp. (A)		6,144		349,532
Lumentum Holdings, Inc. (A) (B)		3,009		246,828

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    4

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Communications Equipment (continued)
NetScout Systems, Inc. (A)		2,924		$ 83,451
ViaSat, Inc. (A)		2,698		134,469
				814,280
Construction & Engineering - 1.3%
AECOM (A)		5,804		367,509
Dycom Industries, Inc. (A)		1,220		90,927
EMCOR Group, Inc.		2,163		266,460
Fluor Corp. (A) (B)		4,987		88,270
MasTec, Inc. (A)		2,239		237,558
Valmont Industries, Inc.		842		198,754
				1,249,478
Construction Materials - 0.2%
Eagle Materials, Inc.		1,680		238,745
Consumer Finance - 0.8%
FirstCash, Inc.		1,627		124,368
LendingTree, Inc. (A)		438		92,803
Navient Corp.		7,117		137,572
PROG Holdings, Inc.		2,670		128,507
SLM Corp.		12,800		268,032
				751,282
Containers & Packaging - 0.8%
AptarGroup, Inc.		2,605		366,888
Greif, Inc., Class A		1,052		63,699
Silgan Holdings, Inc.		3,108		128,982
Sonoco Products Co.		3,989		266,864
				826,433
Diversified Consumer Services - 1.0%
Adtalem Global Education, Inc. (A)		1,959		69,819
Graham Holdings Co., Class B		160		101,424
Grand Canyon Education, Inc. (A)		1,837		165,275
H&R Block, Inc.		7,193		168,892
Service Corp. International		6,666		357,231
Strategic Education, Inc.		977		74,310
WW International, Inc. (A)		1,902		68,738
				1,005,689
Diversified Telecommunication Services - 0.2%
Iridium Communications, Inc. (A) (B)		4,657		186,233
Electric Utilities - 1.0%
ALLETE, Inc.		2,069		144,789
Hawaiian Electric Industries, Inc.		4,329		183,030
IDACORP, Inc.		2,003		195,293
OGE Energy Corp.		7,936		267,046
PNM Resources, Inc.		3,403		165,964
				956,122
Electrical Equipment - 1.6%
Acuity Brands, Inc.		1,416		264,834
EnerSys		1,698		165,946
Hubbell, Inc.		2,153		402,266
nVent Electric PLC		6,648		207,684
Regal Beloit Corp.		1,611		215,085
Sunrun, Inc. (A) (B)		6,387		356,267
				1,612,082
Electronic Equipment, Instruments & Components - 3.0%
Arrow Electronics, Inc. (A)		2,940		334,660
Avnet, Inc.		3,945		158,116

	Shares		Value
COMMON STOCKS (continued)
Electronic Equipment, Instruments & Components (continued)
Belden, Inc.		1,774		$ 89,711
Cognex Corp.		7,002		588,518
Coherent, Inc. (A)		973		257,203
II-VI, Inc. (A) (B)		4,158		301,829
Jabil, Inc.		5,309		308,559
Littelfuse, Inc.		973		247,911
National Instruments Corp.		5,218		220,617
SYNNEX Corp.		1,645		200,295
Vishay Intertechnology, Inc.		5,261		118,636
Vontier Corp.		6,692		218,025
				3,044,080
Energy Equipment & Services - 0.2%
ChampionX Corp. (A)		7,423		190,400
Entertainment - 0.2%
Cinemark Holdings, Inc. (A)		4,313		94,670
World Wrestling Entertainment, Inc., Class A (B)		1,794		103,855
				198,525
Equity Real Estate Investment Trusts - 8.6%
American Campus Communities, Inc.		5,466		255,372
Apartment Income Corp., REIT		6,217		294,872
Brixmor Property Group, Inc.		11,773		269,484
Camden Property Trust		3,873		513,831
CoreSite Realty Corp.		1,704		229,358
Corporate Office Properties Trust		4,453		124,639
Cousins Properties, Inc.		5,893		216,745
CyrusOne, Inc.		4,858		347,444
Douglas Emmett, Inc.		6,539		219,841
EastGroup Properties, Inc.		1,587		260,982
EPR Properties (A)		2,964		156,144
First Industrial Realty Trust, Inc.		5,119		267,365
Healthcare Realty Trust, Inc.		5,616		169,603
Highwoods Properties, Inc.		4,125		186,326
Hudson Pacific Properties, Inc.		5,985		166,503
JBG SMITH Properties		4,379		137,982
Kilroy Realty Corp.		4,201		292,558
Lamar Advertising Co., Class A		3,437		358,892
Life Storage, Inc.		3,047		327,095
Macerich Co.		6,632		121,034
Medical Properties Trust, Inc.		23,320		468,732
National Retail Properties, Inc.		6,961		326,332
National Storage Affiliates Trust		2,733		138,180
Omega Healthcare Investors, Inc.		9,331		338,622
Park Hotels & Resorts, Inc. (A)		9,376		193,239
Pebblebrook Hotel Trust		5,209		122,672
Physicians Realty Trust		8,542		157,771
PotlatchDeltic Corp.		2,658		141,273
PS Business Parks, Inc.		797		118,020
Rayonier, Inc.		5,512		198,046
Rexford Industrial Realty, Inc.		5,315		302,689
Sabra Health Care, Inc.		8,561		155,810
SL Green Realty Corp. (B)		2,750		220,000
Spirit Realty Capital, Inc.		4,558		218,055
STORE Capital Corp.		9,652		333,091
Urban Edge Properties		4,361		83,295
Weingarten Realty Investors		4,756		152,525
				8,584,422

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    5

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Food & Staples Retailing - 0.8%
BJ’s Wholesale Club Holdings, Inc. (A)		5,437		$ 258,692
Casey’s General Stores, Inc.		1,465		285,148
Grocery Outlet Holding Corp. (A) (B)		3,453		119,681
Sprouts Farmers Market, Inc. (A)		4,683		116,373
				779,894
Food Products - 1.7%
Darling Ingredients, Inc. (A)		6,469		436,657
Flowers Foods, Inc.		7,806		188,905
Hain Celestial Group, Inc. (A)		3,242		130,069
Ingredion, Inc.		2,655		240,278
Lancaster Colony Corp.		775		149,970
Pilgrim’s Pride Corp. (A)		1,932		42,852
Post Holdings, Inc. (A)		2,346		254,471
Sanderson Farms, Inc.		788		148,120
Tootsie Roll Industries, Inc. (B)		698		23,669
TreeHouse Foods, Inc. (A)		2,229		99,235
				1,714,226
Gas Utilities - 1.2%
National Fuel Gas Co.		3,615		188,884
New Jersey Resources Corp.		3,819		151,118
ONE Gas, Inc.		2,111		156,467
Southwest Gas Holdings, Inc.		2,299		152,171
Spire, Inc.		2,049		148,081
UGI Corp.		8,274		383,169
				1,179,890
Health Care Equipment & Supplies - 3.1%
Envista Holdings Corp. (A)		6,374		275,420
Globus Medical, Inc., Class A (A)		3,077		238,560
Haemonetics Corp. (A)		2,020		134,613
Hill-Rom Holdings, Inc.		2,635		299,310
ICU Medical, Inc. (A)		782		160,936
Integra LifeSciences Holdings Corp. (A)		2,816		192,164
LivaNova PLC (A)		1,937		162,921
Masimo Corp. (A)		2,006		486,355
Neogen Corp. (A)		4,258		196,038
NuVasive, Inc. (A)		2,048		138,813
Penumbra, Inc. (A)		1,345		368,611
Quidel Corp. (A) (B)		1,535		196,664
STAAR Surgical Co. (A)		1,859		283,497
				3,133,902
Health Care Providers & Services - 2.8%
Acadia Healthcare Co., Inc. (A)		3,558		223,264
Amedisys, Inc. (A)		1,291		316,205
Chemed Corp.		632		299,884
Encompass Health Corp.		3,946		307,906
HealthEquity, Inc. (A)		3,306		266,067
LHC Group, Inc. (A)		1,255		251,326
Molina Healthcare, Inc. (A)		2,315		585,834
Patterson Cos., Inc.		3,448		104,785
Progyny, Inc. (A)		1,474		86,966
R1 RCM, Inc. (A)		5,480		121,875
Tenet Healthcare Corp. (A)		4,234		283,636
				2,847,748
Hotels, Restaurants & Leisure - 2.6%
Boyd Gaming Corp. (A)		3,199		196,706
Choice Hotels International, Inc.		1,145		136,095

	Shares		Value
COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
Churchill Downs, Inc.		1,374		$ 272,409
Cracker Barrel Old Country Store, Inc.		941		139,701
Jack in the Box, Inc.		881		98,178
Marriott Vacations Worldwide Corp. (A)		1,693		269,695
Papa John’s International, Inc.		1,311		136,921
Scientific Games Corp., Class A (A)		2,247		174,008
Six Flags Entertainment Corp. (A)		3,013		130,402
Texas Roadhouse, Inc.		2,599		250,024
Travel & Leisure Co.		3,417		203,141
Wendy’s Co.		7,021		164,432
Wingstop, Inc.		1,179		185,846
Wyndham Hotels & Resorts, Inc.		3,703		267,690
				2,625,248
Household Durables - 1.4%
Helen of Troy Ltd. (A)		969		221,048
KB Home		3,523		143,457
Taylor Morrison Home Corp. (A)		5,113		135,085
Tempur Sealy International, Inc.		7,262		284,598
Toll Brothers, Inc.		4,451		257,312
TopBuild Corp. (A)		1,311		259,290
Tri Pointe Homes, Inc. (A)		4,695		100,614
				1,401,404
Household Products - 0.1%
Energizer Holdings, Inc.		2,304		99,026
Industrial Conglomerates - 0.4%
Carlisle Cos., Inc.		2,069		395,965
Insurance - 3.8%
Alleghany Corp. (A)		552		368,223
American Financial Group, Inc.		2,733		340,860
Brighthouse Financial, Inc. (A)		3,401		154,882
Brown & Brown, Inc.		9,274		492,820
CNO Financial Group, Inc.		5,216		123,202
First American Financial Corp.		4,351		271,285
Hanover Insurance Group, Inc.		1,423		193,016
Kemper Corp.		2,406		177,803
Kinsale Capital Group, Inc.		850		140,054
Mercury General Corp.		1,054		68,457
Old Republic International Corp.		11,236		279,889
Primerica, Inc.		1,564		239,511
Reinsurance Group of America, Inc.		2,695		307,230
RenaissanceRe Holdings Ltd.		1,968		292,878
RLI Corp.		1,577		164,938
Selective Insurance Group, Inc.		2,380		193,137
				3,808,185
Interactive Media & Services - 0.3%
TripAdvisor, Inc. (A)		3,887		156,646
Yelp, Inc. (A)		2,776		110,929
				267,575
IT Services - 1.6%
Alliance Data Systems Corp.		1,971		205,358
Concentrix Corp. (A)		1,651		265,481
Genpact Ltd.		6,906		313,740
LiveRamp Holdings, Inc. (A)		2,712		127,057
MAXIMUS, Inc.		2,437		214,383
Sabre Corp. (A) (B)		12,665		158,059

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    6

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
IT Services (continued)
WEX, Inc. (A)		1,774		$ 343,979
				1,628,057
Leisure Products - 1.3%
Brunswick Corp.		3,088		307,627
Callaway Golf Co.		4,613		155,596
Mattel, Inc. (A)		13,827		277,923
Polaris, Inc.		2,282		312,543
YETI Holdings, Inc. (A)		2,975		273,164
				1,326,853
Life Sciences Tools & Services - 2.1%
Bio-Techne Corp.		1,542		694,301
Medpace Holdings, Inc. (A)		1,098		193,940
PRA Health Sciences, Inc. (A)		2,569		424,424
Repligen Corp. (A)		2,024		404,031
Syneos Health, Inc. (A)		4,014		359,213
				2,075,909
Machinery - 4.9%
AGCO Corp.		2,450		319,431
Colfax Corp. (A)		4,677		214,253
Crane Co.		1,968		181,784
Donaldson Co., Inc.		5,000		317,650
Flowserve Corp.		5,166		208,293
Graco, Inc.		6,717		508,477
ITT, Inc.		3,413		312,597
Kennametal, Inc.		3,314		119,039
Lincoln Electric Holdings, Inc.		2,360		310,836
Middleby Corp. (A)		2,206		382,212
Nordson Corp.		2,143		470,410
Oshkosh Corp.		2,720		339,021
Terex Corp.		2,767		131,764
Timken Co.		2,711		218,479
Toro Co.		4,245		466,441
Trinity Industries, Inc.		3,208		86,263
Woodward, Inc.		2,324		285,573
				4,872,523
Marine - 0.1%
Kirby Corp. (A)		2,383		144,505
Media - 0.9%
Cable One, Inc.		215		411,254
John Wiley & Sons, Inc., Class A		1,726		103,871
New York Times Co., Class A		5,758		250,761
TEGNA, Inc.		8,753		164,206
				930,092
Metals & Mining - 2.1%
Cleveland-Cliffs, Inc. (A) (B)		18,215		392,715
Commercial Metals Co.		4,778		146,780
Compass Minerals International, Inc.		1,348		79,883
Reliance Steel & Aluminum Co.		2,526		381,173
Royal Gold, Inc.		2,601		296,774
Steel Dynamics, Inc.		7,955		474,118
U.S. Steel Corp.		10,691		256,584
Worthington Industries, Inc.		1,387		84,857
				2,112,884
Multi-Utilities - 0.5%
Black Hills Corp.		2,493		163,616
MDU Resources Group, Inc.		7,977		249,999

	Shares		Value
COMMON STOCKS (continued)
Multi-Utilities (continued)
NorthWestern Corp.		2,009		$ 120,982
				534,597
Multiline Retail - 0.7%
Kohl’s Corp.		6,194		341,351
Nordstrom, Inc. (A)		4,316		157,836
Ollie’s Bargain Outlet Holdings, Inc. (A) (B)		2,252		189,461
				688,648
Oil, Gas & Consumable Fuels - 1.7%
Antero Midstream Corp. (B)		11,355		117,978
Cimarex Energy Co.		4,077		295,379
CNX Resources Corp. (A)		8,733		119,293
EQT Corp. (A)		11,065		246,307
Equitrans Midstream Corp.		16,118		137,164
HollyFrontier Corp.		5,925		194,933
Murphy Oil Corp.		5,754		133,953
Targa Resources Corp.		9,065		402,939
World Fuel Services Corp.		2,507		79,547
				1,727,493
Paper & Forest Products - 0.2%
Louisiana-Pacific Corp.		4,054		244,416
Personal Products - 0.2%
Coty, Inc., Class A (A)		11,238		104,963
Nu Skin Enterprises, Inc., Class A		1,984		112,393
				217,356
Pharmaceuticals - 0.6%
Jazz Pharmaceuticals PLC (A)		2,383		423,316
Nektar Therapeutics (A)		7,228		124,033
				547,349
Professional Services - 1.4%
ASGN, Inc. (A)		2,109		204,425
CACI International, Inc., Class A (A)		934		238,282
FTI Consulting, Inc. (A)		1,357		185,380
Insperity, Inc.		1,426		128,868
KBR, Inc.		5,604		213,793
ManpowerGroup, Inc.		2,162		257,083
Science Applications International Corp.		2,298		201,603
				1,429,434
Real Estate Management & Development - 0.4%
Jones Lang LaSalle, Inc. (A)		2,034		397,566
Road & Rail - 0.9%
Avis Budget Group, Inc. (A)		2,050		159,675
Knight-Swift Transportation Holdings, Inc.		4,856		220,754
Landstar System, Inc.		1,523		240,664
Ryder System, Inc.		2,136		158,769
Werner Enterprises, Inc.		2,262		100,704
				880,566
Semiconductors & Semiconductor Equipment - 3.8%
Amkor Technology, Inc.		4,260		100,834
Brooks Automation, Inc.		2,946		280,695
Cirrus Logic, Inc. (A)		2,281		194,159
CMC Materials, Inc.		1,160		174,858
Cree, Inc. (A) (B)		4,578		448,324
First Solar, Inc. (A)		3,372		305,200
Lattice Semiconductor Corp. (A)		5,414		304,158
MKS Instruments, Inc.		2,195		390,600

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    7

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
Semtech Corp. (A)		2,574		$ 177,091
Silicon Laboratories, Inc. (A)		1,774		271,865
SolarEdge Technologies, Inc. (A)		2,061		569,599
Synaptics, Inc. (A)		1,396		217,190
Universal Display Corp.		1,701		378,183
				3,812,756
Software - 3.7%
ACI Worldwide, Inc. (A)		4,684		173,964
Aspen Technology, Inc. (A)		2,696		370,808
Blackbaud, Inc. (A)		1,935		148,163
CDK Global, Inc.		4,828		239,903
Ceridian HCM Holding, Inc. (A)		5,207		499,455
CommVault Systems, Inc. (A)		1,825		142,660
Envestnet, Inc. (A)		2,158		163,706
Fair Isaac Corp. (A)		1,141		573,558
j2 Global, Inc. (A)		1,682		231,359
Manhattan Associates, Inc. (A)		2,522		365,287
Paylocity Holding Corp. (A)		1,490		284,292
Qualys, Inc. (A)		1,335		134,421
SailPoint Technologies Holdings, Inc. (A)		3,660		186,916
Teradata Corp. (A)		4,345		217,120
				3,731,612
Specialty Retail - 3.0%
American Eagle Outfitters, Inc. (B)		5,984		224,579
AutoNation, Inc. (A)		2,138		202,704
Dick’s Sporting Goods, Inc. (B)		2,598		260,294
Five Below, Inc. (A)		2,220		429,059
Foot Locker, Inc.		4,095		252,375
Lithia Motors, Inc., Class A		1,180		405,495
Murphy USA, Inc.		993		132,436
RH (A)		667		452,893
Urban Outfitters, Inc. (A)		2,726		112,366
Williams-Sonoma, Inc.		3,021		482,303
				2,954,504
Technology Hardware, Storage & Peripherals - 0.4%
NCR Corp. (A)		5,190		236,716
Xerox Holdings Corp.		6,392		150,148
				386,864
Textiles, Apparel & Luxury Goods - 1.6%
Capri Holdings Ltd. (A)		5,999		343,083
Carter’s, Inc.		1,743		179,825
Columbia Sportswear Co.		1,212		119,212
Crocs, Inc. (A)		2,586		301,321
Deckers Outdoor Corp. (A)		1,103		423,629
Skechers USA, Inc., Class A (A)		5,319		265,046
				1,632,116

	Shares		Value
COMMON STOCKS (continued)
Thrifts & Mortgage Finance - 0.7%
Essent Group Ltd.		4,474		$ 201,106
MGIC Investment Corp.		13,452		182,947
New York Community Bancorp, Inc.		18,438		203,187
Washington Federal, Inc.		2,871		91,241
				678,481
Trading Companies & Distributors - 0.8%
GATX Corp. (B)		1,403		124,123
MSC Industrial Direct Co., Inc., Class A		1,863		167,167
Univar Solutions, Inc. (A)		6,723		163,907
Watsco, Inc.		1,305		374,065
				829,262
Water Utilities - 0.4%
Essential Utilities, Inc.		8,862		404,993
Wireless Telecommunication Services - 0.1%
Telephone & Data Systems, Inc.		3,949		89,484
Total Common Stocks (Cost $75,488,494)				92,996,526
	Principal		Value
SHORT-TERM U.S. GOVERNMENT OBLIGATION - 7.0%
U.S. Treasury Bill 0.04% (C), 09/30/2021 (D)		$  6,996,000		6,995,279
Total Short-Term U.S. Government Obligation (Cost $6,995,284)				6,995,279
	Shares		Value
SHORT-TERM INVESTMENT COMPANY - 0.1%
Money Market Fund - 0.1%
State Street Institutional Treasury Money Market Fund, 0.01% (C)		101,820		101,820
Total Short-Term Investment Company (Cost $101,820)				101,820
OTHER INVESTMENT COMPANY - 0.4%
Securities Lending Collateral - 0.4%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.02% (C)		415,081		415,081
Total Other Investment Company (Cost $415,081)				415,081
Total Investments (Cost $83,000,679)				100,508,706
Net Other Assets (Liabilities)  - (0.4)%				(365,523	)
Net Assets  - 100.0%				$  100,143,183

FUTURES CONTRACTS:

Long Futures Contracts
Description	Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
S&P Midcap 400® E-Mini Index		1		09/17/2021	$	272,566	$	269,240	$	—	$	(3,326	)

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    8

DeltaShares^® S&P 400 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

INVESTMENT 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	$	92,996,526		$	—	$	—	$	92,996,526
Short-Term U.S. Government Obligation		—			6,995,279		—		6,995,279
Short-Term Investment Company		101,820			—		—		101,820
Other Investment Company		415,081			—		—		415,081
Total Investments	$	93,513,427		$	6,995,279	$	—	$	100,508,706
LIABILITIES
Other Financial Instruments
Futures Contracts (F)	$	(3,326	)	$	—	$	—	$	(3,326	)
Total Other Financial Instruments	$	(3,326	)	$	—	$	—	$	(3,326	)

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 $3,549,310, collateralized by cash collateral of $415,081 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $3,215,055. 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)	Rates disclosed reflect the yields at June 30, 2021.
(D)	When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after June 30, 2021. Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
(E)	There were no transfers in or out of Level 3 during the six-month period ended June 30, 2021. Please reference the Investment Valuation section of the Notes to Financial Statements for more information regarding investment valuation and pricing inputs.
(F)	Derivative instruments are valued at unrealized appreciation (depreciation).

PORTFOLIO ABBREVIATION:

REIT Real Estate Investment Trust

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    9

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS - 99.8%
Aerospace & Defense - 1.6%
Boeing Co. (A)		6,221		$1,490,303
General Dynamics Corp.		2,589		487,405
Howmet Aerospace, Inc. (A)		4,423		152,461
Huntington Ingalls Industries, Inc.		455		95,891
L3 Harris Technologies, Inc.		2,320		501,468
Lockheed Martin Corp.		2,767		1,046,894
Northrop Grumman Corp.		1,694		615,650
Raytheon Technologies Corp.		17,145		1,462,640
Teledyne Technologies, Inc. (A)		525		219,886
Textron, Inc.		2,553		175,570
TransDigm Group, Inc. (A)		621		401,967
				6,650,135
Air Freight & Logistics - 0.7%
CH Robinson Worldwide, Inc.		1,504		140,880
Expeditors International of Washington, Inc.		1,912		242,059
FedEx Corp.		2,762		823,988
United Parcel Service, Inc., Class B		8,186		1,702,442
				2,909,369
Airlines - 0.3%
Alaska Air Group, Inc. (A)		1,410		85,037
American Airlines Group, Inc. (A)		7,257		153,921
Delta Air Lines, Inc. (A)		7,238		313,116
Southwest Airlines Co. (A)		6,691		355,225
United Airlines Holdings, Inc. (A)		3,663		191,538
				1,098,837
Auto Components - 0.2%
Aptiv PLC (A)		3,062		481,744
BorgWarner, Inc.		2,713		131,689
				613,433
Automobiles - 1.8%
Ford Motor Co. (A)		44,368		659,309
General Motors Co. (A)		14,447		854,829
Tesla, Inc. (A)		8,722		5,928,343
				7,442,481
Banks - 4.3%
Bank of America Corp.		85,335		3,518,362
Citigroup, Inc.		23,391		1,654,913
Citizens Financial Group, Inc.		4,821		221,139
Comerica, Inc.		1,579		112,646
Fifth Third Bancorp		7,966		304,540
First Republic Bank		1,990		372,468
Huntington Bancshares, Inc.		16,698		238,281
JPMorgan Chase & Co.		34,256		5,328,178
KeyCorp		10,983		226,799
M&T Bank Corp.		1,455		211,426
People’s United Financial, Inc.		4,838		82,923
PNC Financial Services Group, Inc.		4,809		917,365
Regions Financial Corp.		10,878		219,518
SVB Financial Group (A)		615		342,205
Truist Financial Corp.		15,218		844,599
US Bancorp		15,340		873,920
Wells Fargo & Co.		46,777		2,118,531
Zions Bancorp NA		1,855		98,055
				17,685,868

	Shares		Value
COMMON STOCKS (continued)
Beverages - 1.4%
Brown-Forman Corp., Class B		2,066		$ 154,826
Coca-Cola Co.		43,913		2,376,132
Constellation Brands, Inc., Class A		1,914		447,666
Molson Coors Beverage Co., Class B (A)		2,131		114,413
Monster Beverage Corp. (A)		4,188		382,574
PepsiCo, Inc.		15,633		2,316,342
				5,791,953
Biotechnology - 1.8%
AbbVie, Inc.		19,987		2,251,336
Alexion Pharmaceuticals, Inc. (A)		2,502		459,642
Amgen, Inc.		6,503		1,585,106
Biogen, Inc. (A)		1,704		590,044
Gilead Sciences, Inc.		14,192		977,261
Incyte Corp. (A)		2,115		177,935
Regeneron Pharmaceuticals, Inc. (A)		1,185		661,870
Vertex Pharmaceuticals, Inc. (A)		2,930		590,776
				7,293,970
Building Products - 0.5%
A.O. Smith Corp.		1,521		109,603
Allegion PLC		1,018		141,807
Carrier Global Corp.		9,244		449,259
Fortune Brands Home & Security, Inc.		1,566		155,989
Johnson Controls International PLC		8,111		556,658
Masco Corp.		2,872		169,190
Trane Technologies PLC		2,706		498,283
				2,080,789
Capital Markets - 3.0%
Ameriprise Financial, Inc.		1,313		326,779
Bank of New York Mellon Corp.		9,130		467,730
BlackRock, Inc.		1,605		1,404,327
Cboe Global Markets, Inc.		1,208		143,812
Charles Schwab Corp.		16,972		1,235,731
CME Group, Inc.		4,064		864,332
Franklin Resources, Inc.		3,083		98,625
Goldman Sachs Group, Inc.		3,849		1,460,811
Intercontinental Exchange, Inc.		6,369		756,000
Invesco Ltd.		4,281		114,431
MarketAxess Holdings, Inc.		429		198,880
Moody’s Corp.		1,822		660,238
Morgan Stanley		16,843		1,544,335
MSCI, Inc.		932		496,831
Nasdaq, Inc.		1,301		228,716
Northern Trust Corp.		2,356		272,401
Raymond James Financial, Inc.		1,385		179,911
S&P Global, Inc.		2,725		1,118,476
State Street Corp.		3,935		323,772
T. Rowe Price Group, Inc.		2,566		507,991
				12,404,129
Chemicals - 1.8%
Air Products & Chemicals, Inc.		2,506		720,926
Albemarle Corp.		1,322		222,704
Celanese Corp.		1,275		193,290
CF Industries Holdings, Inc.		2,428		124,921
Corteva, Inc.		8,340		369,879
Dow, Inc.		8,453		534,906
DuPont de Nemours, Inc.		6,021		466,086
Eastman Chemical Co.		1,544		180,262

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    10

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares			Value
COMMON STOCKS (continued)
Chemicals (continued)
Ecolab, Inc.		2,815			$ 579,805
FMC Corp.		1,457			157,647
International Flavors & Fragrances, Inc.		2,817			420,860
Linde PLC		5,888			1,702,221
LyondellBasell Industries NV, Class A		2,914			299,763
Mosaic Co.		3,911			124,800
PPG Industries, Inc.		2,682			455,323
Sherwin-Williams Co.		2,708			737,795
					7,291,188
Commercial Services & Supplies - 0.4%
Cintas Corp.		998			381,236
Copart, Inc. (A)		2,356			310,592
Republic Services, Inc.		2,383			262,154
Rollins, Inc.		2,507			85,739
Waste Management, Inc.		4,394			615,643
					1,655,364
Communications Equipment - 0.8%
Arista Networks, Inc. (A)		622			225,357
Cisco Systems, Inc.		47,688	��		2,527,464
F5 Networks, Inc. (A)		675			125,996
Juniper Networks, Inc.		3,707			101,386
Motorola Solutions, Inc.		1,921			416,569
					3,396,772
Construction & Engineering - 0.0% (B)
Quanta Services, Inc.		1,576			142,738
Construction Materials - 0.1%
Martin Marietta Materials, Inc.		707			248,730
Vulcan Materials Co.		1,500			261,105
					509,835
Consumer Finance - 0.7%
American Express Co.		7,363			1,216,589
Capital One Financial Corp.		5,109			790,311
Discover Financial Services		3,450			408,101
Synchrony Financial		6,120			296,942
					2,711,943
Containers & Packaging - 0.3%
Amcor PLC		17,446			199,931
Avery Dennison Corp.		938			197,205
Ball Corp.		3,713			300,827
International Paper Co.		4,432			271,726
Packaging Corp. of America		1,075			145,577
Sealed Air Corp.		1,720			101,910
WestRock Co.		3,012			160,299
					1,377,475
Distributors - 0.1%
Genuine Parts Co.		1,634			206,652
LKQ Corp. (A)		3,144			154,748
Pool Corp.		454			208,231
					569,631
Diversified Financial Services - 1.5%
Berkshire Hathaway, Inc., Class B (A)		21,447			5,960,550
Diversified Telecommunication Services - 1.2%
AT&T, Inc.		80,798			2,325,366
Lumen Technologies, Inc.		11,256			152,969

	Shares		Value
COMMON STOCKS (continued)
Diversified Telecommunication Services (continued)
Verizon Communications, Inc.		46,848		$ 2,624,894
				5,103,229
Electric Utilities - 1.6%
Alliant Energy Corp.		2,830		157,801
American Electric Power Co., Inc.		5,655		478,356
Duke Energy Corp.		8,706		859,456
Edison International		4,292		248,163
Entergy Corp.		2,271		226,419
Evergy, Inc.		2,593		156,695
Eversource Energy		3,886		311,813
Exelon Corp.		11,059		490,024
FirstEnergy Corp.		6,154		228,990
NextEra Energy, Inc.		22,196		1,626,523
NRG Energy, Inc.		2,769		111,591
Pinnacle West Capital Corp.		1,277		104,676
PPL Corp.		8,708		243,563
Southern Co.		11,980		724,910
Xcel Energy, Inc.		6,090		401,209
				6,370,189
Electrical Equipment - 0.6%
AMETEK, Inc.		2,612		348,702
Eaton Corp. PLC		4,509		668,143
Emerson Electric Co.		6,786		653,085
Generac Holdings, Inc. (A)		713		296,002
Rockwell Automation, Inc.		1,314		375,830
				2,341,762
Electronic Equipment, Instruments & Components - 0.6%
Amphenol Corp., Class A		6,762		462,588
CDW Corp.		1,586		276,995
Corning, Inc.		8,768		358,611
IPG Photonics Corp. (A)		405		85,362
Keysight Technologies, Inc. (A)		2,084		321,790
TE Connectivity Ltd.		3,736		505,145
Trimble, Inc. (A)		2,840		232,397
Zebra Technologies Corp., Class A (A)		606		320,871
				2,563,759
Energy Equipment & Services - 0.2%
Baker Hughes Co.		8,230		188,220
Halliburton Co.		10,067		232,749
NOV, Inc. (A)		4,420		67,715
Schlumberger NV		15,823		506,494
				995,178
Entertainment - 1.9%
Activision Blizzard, Inc.		8,791		839,013
Electronic Arts, Inc.		3,238		465,721
Live Nation Entertainment, Inc. (A)		1,634		143,122
Netflix, Inc. (A)		5,017		2,650,030
Take-Two Interactive Software, Inc. (A)		1,310		231,896
Walt Disney Co. (A)		20,561		3,614,007
				7,943,789
Equity Real Estate Investment Trusts - 2.5%
Alexandria Real Estate Equities, Inc.		1,552		282,371
American Tower Corp.		5,146		1,390,140
AvalonBay Communities, Inc.		1,579		329,522
Boston Properties, Inc.		1,607		184,146
Crown Castle International Corp.		4,890		954,039

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    11

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Equity Real Estate Investment Trusts (continued)
Digital Realty Trust, Inc.		3,185		$ 479,215
Duke Realty Corp.		4,245		201,001
Equinix, Inc.		1,013		813,034
Equity Residential		3,893		299,761
Essex Property Trust, Inc.		736		220,807
Extra Space Storage, Inc.		1,512		247,696
Federal Realty Investment Trust		802		93,970
Healthpeak Properties, Inc.		6,098		203,002
Host Hotels & Resorts, Inc. (A)		7,990		136,549
Iron Mountain, Inc. (C)		3,267		138,259
Kimco Realty Corp.		4,904		102,248
Mid-America Apartment Communities, Inc.		1,296		218,272
Prologis, Inc.		8,371		1,000,586
Public Storage		1,723		518,089
Realty Income Corp.		4,229		282,243
Regency Centers Corp.		1,788		114,557
SBA Communications Corp.		1,238		394,551
Simon Property Group, Inc.		3,716		484,864
UDR, Inc.		3,359		164,524
Ventas, Inc.		4,247		242,504
Vornado Realty Trust		1,777		82,933
Welltower, Inc.		4,726		392,731
Weyerhaeuser Co.		8,478		291,813
				10,263,427
Food & Staples Retailing - 1.3%
Costco Wholesale Corp.		5,002		1,979,141
Kroger Co.		8,568		328,240
Sysco Corp.		5,790		450,173
Walgreens Boots Alliance, Inc.		8,120		427,193
Walmart, Inc.		15,539		2,191,310
				5,376,057
Food Products - 0.9%
Archer-Daniels-Midland Co.		6,323		383,174
Campbell Soup Co.		2,297		104,720
Conagra Brands, Inc.		5,430		197,543
General Mills, Inc.		6,903		420,600
Hershey Co.		1,656		288,442
Hormel Foods Corp. (C)		3,189		152,275
J.M. Smucker Co.		1,241		160,796
Kellogg Co.		2,851		183,405
Kraft Heinz Co.		7,336		299,162
Lamb Weston Holdings, Inc.		1,655		133,492
McCormick & Co., Inc.		2,818		248,886
Mondelez International, Inc., Class A		15,896		992,546
Tyson Foods, Inc., Class A		3,335		245,990
				3,811,031
Gas Utilities - 0.0% (B)
Atmos Energy Corp.		1,478		142,050
Health Care Equipment & Supplies - 3.6%
Abbott Laboratories		20,108		2,331,120
ABIOMED, Inc. (A)		512		159,800
Align Technology, Inc. (A)		816		498,576
Baxter International, Inc.		5,690		458,045
Becton Dickinson & Co.		3,290		800,095
Boston Scientific Corp. (A)		16,080		687,581
Cooper Cos., Inc.		557		220,722
Danaher Corp.		7,183		1,927,630

	Shares		Value
COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
DENTSPLY SIRONA, Inc.		2,472		$ 156,379
DexCom, Inc. (A)		1,094		467,138
Edwards Lifesciences Corp. (A)		7,036		728,719
Hologic, Inc. (A)		2,900		193,488
IDEXX Laboratories, Inc. (A)		964		608,814
Intuitive Surgical, Inc. (A)		1,341		1,233,237
Medtronic PLC		15,224		1,889,755
ResMed, Inc.		1,646		405,772
STERIS PLC		1,105		227,962
Stryker Corp.		3,708		963,079
Teleflex, Inc.		529		212,547
West Pharmaceutical Services, Inc.		837		300,567
Zimmer Biomet Holdings, Inc.		2,360		379,535
				14,850,561
Health Care Providers & Services - 2.6%
AmerisourceBergen Corp.		1,673		191,542
Anthem, Inc.		2,770		1,057,586
Cardinal Health, Inc.		3,283		187,426
Centene Corp. (A)		6,593		480,828
Cigna Corp.		3,883		920,543
CVS Health Corp.		14,899		1,243,173
DaVita, Inc. (A)		794		95,621
HCA Healthcare, Inc.		2,975		615,052
Henry Schein, Inc. (A)		1,592		118,110
Humana, Inc.		1,459		645,928
Laboratory Corp. of America Holdings (A)		1,105		304,814
McKesson Corp.		1,791		342,511
Quest Diagnostics, Inc.		1,477		194,920
UnitedHealth Group, Inc.		10,678		4,275,898
Universal Health Services, Inc., Class B		881		129,005
				10,802,957
Health Care Technology - 0.1%
Cerner Corp.		3,410		266,526
Hotels, Restaurants & Leisure - 2.0%
Booking Holdings, Inc. (A)		464		1,015,274
Caesars Entertainment, Inc. (A)		2,362		245,057
Carnival Corp. (A)		9,033		238,110
Chipotle Mexican Grill, Inc. (A)		317		491,458
Darden Restaurants, Inc.		1,479		215,919
Domino’s Pizza, Inc.		439		204,789
Expedia Group, Inc. (A)		1,600		261,936
Hilton Worldwide Holdings, Inc. (A)		3,151		380,074
Las Vegas Sands Corp. (A)		3,716		195,796
Marriott International, Inc., Class A (A)		3,023		412,700
McDonald’s Corp.		8,443		1,950,248
MGM Resorts International		4,608		196,531
Norwegian Cruise Line Holdings Ltd. (A)		4,187		123,140
Penn National Gaming, Inc. (A) (C)		1,681		128,580
Royal Caribbean Cruises Ltd. (A)		2,479		211,409
Starbucks Corp.		13,332		1,490,651
Wynn Resorts Ltd. (A)		1,191		145,659
Yum! Brands, Inc.		3,371		387,766
				8,295,097
Household Durables - 0.4%
D.R. Horton, Inc.		3,711		335,363
Garmin Ltd.		1,696		245,309
Leggett & Platt, Inc.		1,507		78,078

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    12

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Household Durables (continued)
Lennar Corp., Class A		3,119		$ 309,873
Mohawk Industries, Inc. (A)		663		127,422
Newell Brands, Inc.		4,282		117,626
NVR, Inc. (A)		39		193,959
PulteGroup, Inc.		2,994		163,383
Whirlpool Corp.		709		154,576
				1,725,589
Household Products - 1.3%
Church & Dwight Co., Inc.		2,775		236,485
Clorox Co.		1,409		253,493
Colgate-Palmolive Co.		9,573		778,764
Kimberly-Clark Corp.		3,818		510,772
Procter & Gamble Co.		27,704		3,738,101
				5,517,615
Independent Power & Renewable Electricity Producers - 0.1%
AES Corp.		7,540		196,568
Industrial Conglomerates - 1.2%
3M Co.		6,558		1,302,616
General Electric Co.		99,340		1,337,116
Honeywell International, Inc.		7,859		1,723,872
Roper Technologies, Inc.		1,191		560,008
				4,923,612
Insurance - 1.9%
Aflac, Inc.		7,152		383,776
Allstate Corp.		3,387		441,800
American International Group, Inc.		9,711		462,244
Aon PLC, Class A		2,552		609,316
Arthur J Gallagher & Co.		2,319		324,846
Assurant, Inc.		686		107,139
Chubb Ltd.		5,089		808,846
Cincinnati Financial Corp.		1,695		197,671
Everest Re Group Ltd.		453		114,161
Globe Life, Inc.		1,073		102,203
Hartford Financial Services Group, Inc.		4,042		250,483
Lincoln National Corp.		2,024		127,188
Loews Corp.		2,533		138,428
Marsh & McLennan Cos., Inc.		5,755		809,613
MetLife, Inc.		8,420		503,937
Principal Financial Group, Inc.		2,863		180,913
Progressive Corp.		6,621		650,248
Prudential Financial, Inc.		4,458		456,811
Travelers Cos., Inc.		2,846		426,075
Unum Group		2,311		65,632
W.R. Berkley Corp.		1,585		117,972
Willis Towers Watson PLC		1,458		335,369
				7,614,671
Interactive Media & Services - 6.4%
Alphabet, Inc., Class A (A)		3,403		8,309,411
Alphabet, Inc., Class C (A)		3,221		8,072,857
Facebook, Inc., Class A (A)		27,113		9,427,461
Twitter, Inc. (A)		9,031		621,423
				26,431,152
Internet & Direct Marketing Retail - 4.3%
Amazon.com, Inc. (A)		4,850		16,684,776
eBay, Inc.		7,323		514,148

	Shares		Value
COMMON STOCKS (continued)
Internet & Direct Marketing Retail (continued)
Etsy, Inc. (A)		1,437		$ 295,792
				17,494,716
IT Services - 5.1%
Accenture PLC, Class A		7,192		2,120,130
Akamai Technologies, Inc. (A)		1,845		215,127
Automatic Data Processing, Inc.		4,817		956,753
Broadridge Financial Solutions, Inc.		1,315		212,412
Cognizant Technology Solutions Corp., Class A		5,967		413,274
DXC Technology Co. (A)		2,884		112,303
Fidelity National Information Services, Inc.		7,018		994,240
Fiserv, Inc. (A)		6,739		720,332
FleetCor Technologies, Inc. (A)		942		241,208
Gartner, Inc. (A)		973		235,661
Global Payments, Inc.		3,340		626,384
International Business Machines Corp.		10,111		1,482,171
Jack Henry & Associates, Inc.		842		137,675
Mastercard, Inc., Class A		9,900		3,614,391
Paychex, Inc.		3,630		389,499
PayPal Holdings, Inc. (A)		13,295		3,875,227
VeriSign, Inc. (A)		1,121		255,240
Visa, Inc., Class A		19,144		4,476,250
Western Union Co.		4,632		106,397
				21,184,674
Leisure Products - 0.0% (B)
Hasbro, Inc.		1,446		136,676
Life Sciences Tools & Services - 1.3%
Agilent Technologies, Inc.		3,434		507,580
Bio-Rad Laboratories, Inc., Class A (A)		245		157,851
Charles River Laboratories International, Inc. (A)		569		210,485
Illumina, Inc. (A)		1,652		781,743
IQVIA Holdings, Inc. (A)		2,168		525,350
Mettler-Toledo International, Inc. (A)		265		367,115
PerkinElmer, Inc.		1,269		195,946
Thermo Fisher Scientific, Inc.		4,447		2,243,378
Waters Corp. (A)		699		241,581
				5,231,029
Machinery - 1.7%
Caterpillar, Inc.		6,199		1,349,088
Cummins, Inc.		1,654		403,262
Deere & Co.		3,531		1,245,419
Dover Corp.		1,628		245,177
Fortive Corp.		3,830		267,104
IDEX Corp.		858		188,803
Illinois Tool Works, Inc.		3,252		727,017
Ingersoll Rand, Inc. (A)		4,226		206,271
Otis Worldwide Corp.		4,565		373,280
PACCAR, Inc.		3,928		350,574
Parker-Hannifin Corp.		1,459		448,073
Pentair PLC		1,882		127,016
Snap-on, Inc.		612		136,739
Stanley Black & Decker, Inc.		1,828		374,722
Westinghouse Air Brake Technologies Corp.		2,009		165,341
Xylem, Inc.		2,036		244,239
				6,852,125
Media - 1.3%
Charter Communications, Inc., Class A (A)		1,558		1,124,019
Comcast Corp., Class A		51,884		2,958,426

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    13

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Media (continued)
Discovery, Inc., Class A (A) (C)		1,910		$ 58,599
Discovery, Inc., Class C (A)		3,400		98,532
DISH Network Corp., Class A (A)		2,811		117,500
Fox Corp., Class A		3,698		137,307
Fox Corp., Class B		1,720		60,544
Interpublic Group of Cos., Inc.		4,451		144,613
News Corp., Class A		4,426		114,058
News Corp., Class B		1,379		33,579
Omnicom Group, Inc.		2,435		194,775
ViacomCBS, Inc., Class B		6,853		309,755
				5,351,707
Metals & Mining - 0.4%
Freeport-McMoRan, Inc.		16,585		615,469
Newmont Corp.		9,066		574,603
Nucor Corp.		3,386		324,819
				1,514,891
Multi-Utilities - 0.7%
Ameren Corp.		2,892		231,476
CenterPoint Energy, Inc.		6,568		161,047
CMS Energy Corp.		3,275		193,487
Consolidated Edison, Inc.		3,879		278,202
Dominion Energy, Inc.		9,127		671,473
DTE Energy Co.		2,192		284,083
NiSource, Inc.		4,438		108,731
Public Service Enterprise Group, Inc.		5,716		341,474
Sempra Energy		3,566		472,424
WEC Energy Group, Inc.		3,570		317,551
				3,059,948
Multiline Retail - 0.5%
Dollar General Corp.		2,672		578,194
Dollar Tree, Inc. (A)		2,624		261,088
Target Corp.		5,598		1,353,261
				2,192,543
Oil, Gas & Consumable Fuels - 2.6%
APA Corp.		4,276		92,490
Cabot Oil & Gas Corp.		4,523		78,971
Chevron Corp.		21,870		2,290,664
ConocoPhillips		15,270		929,943
Devon Energy Corp.		6,740		196,741
Diamondback Energy, Inc.		2,047		192,193
EOG Resources, Inc.		6,603		550,954
Exxon Mobil Corp.		47,908		3,022,037
Hess Corp.		3,108		271,390
Kinder Morgan, Inc.		22,038		401,753
Marathon Oil Corp.		8,918		121,463
Marathon Petroleum Corp.		7,208		435,507
Occidental Petroleum Corp.		9,506		297,253
ONEOK, Inc.		5,041		280,481
Phillips 66		4,954		425,152
Pioneer Natural Resources Co.		2,621		425,965
Valero Energy Corp.		4,626		361,198
Williams Cos., Inc.		13,747		364,983
				10,739,138
Personal Products - 0.2%
Estee Lauder Cos., Inc., Class A		2,623		834,324

	Shares		Value
COMMON STOCKS (continued)
Pharmaceuticals - 3.6%
Bristol-Myers Squibb Co.		25,278		$ 1,689,076
Catalent, Inc. (A)		1,929		208,563
Eli Lilly & Co.		9,007		2,067,287
Johnson & Johnson		29,798		4,908,923
Merck & Co., Inc.		28,651		2,228,188
Organon & Co. (A)		2,863		86,634
Perrigo Co. PLC		1,510		69,234
Pfizer, Inc.		63,343		2,480,512
Viatris, Inc.		13,677		195,444
Zoetis, Inc.		5,374		1,001,499
				14,935,360
Professional Services - 0.4%
Equifax, Inc.		1,378		330,045
IHS Markit Ltd.		4,241		477,791
Jacobs Engineering Group, Inc.		1,472		196,394
Leidos Holdings, Inc.		1,503		151,953
Nielsen Holdings PLC		4,057		100,086
Robert Half International, Inc.		1,277		113,615
Verisk Analytics, Inc.		1,835		320,611
				1,690,495
Real Estate Management & Development - 0.1%
CBRE Group, Inc., Class A (A)		3,797		325,517
Road & Rail - 1.0%
CSX Corp.		25,713		824,873
JB Hunt Transport Services, Inc.		944		153,825
Kansas City Southern		1,028		291,304
Norfolk Southern Corp.		2,832		751,641
Old Dominion Freight Line, Inc.		1,076		273,089
Union Pacific Corp.		7,518		1,653,434
				3,948,166
Semiconductors & Semiconductor Equipment - 5.7%
Advanced Micro Devices, Inc. (A)		13,750		1,291,537
Analog Devices, Inc.		4,175		718,768
Applied Materials, Inc.		10,385		1,478,824
Broadcom, Inc.		4,621		2,203,478
Enphase Energy, Inc. (A)		1,535		281,872
Intel Corp.		45,693		2,565,205
KLA Corp.		1,735		562,504
Lam Research Corp.		1,613		1,049,579
Maxim Integrated Products, Inc.		3,038		320,084
Microchip Technology, Inc.		3,097		463,745
Micron Technology, Inc. (A)		12,691		1,078,481
Monolithic Power Systems, Inc.		486		181,497
NVIDIA Corp.		7,051		5,641,505
NXP Semiconductors NV		3,119		641,641
Qorvo, Inc. (A)		1,275		249,454
QUALCOMM, Inc.		12,763		1,824,215
Skyworks Solutions, Inc.		1,869		358,381
Teradyne, Inc.		1,882		252,113
Texas Instruments, Inc.		10,452		2,009,920
Xilinx, Inc.		2,782		402,388
				23,575,191
Software - 8.9%
Adobe, Inc. (A)		5,408		3,167,141
ANSYS, Inc. (A)		985		341,854
Autodesk, Inc. (A)		2,491		727,123

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    14

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Software (continued)
Cadence Design Systems, Inc. (A)		3,148		$ 430,709
Citrix Systems, Inc.		1,407		164,999
Fortinet, Inc. (A)		1,533		365,145
Intuit, Inc.		3,094		1,516,586
Microsoft Corp.		85,228		23,088,265
NortonLifeLock, Inc.		6,561		178,591
Oracle Corp.		20,558		1,600,235
Paycom Software, Inc. (A)		556		202,089
PTC, Inc. (A)		1,190		168,099
salesforce.com, Inc. (A)		10,480		2,559,950
ServiceNow, Inc. (A)		2,234		1,227,695
Synopsys, Inc. (A)		1,726		476,014
Tyler Technologies, Inc. (A)		460		208,090
				36,422,585
Specialty Retail - 2.2%
Advance Auto Parts, Inc.		741		152,009
AutoZone, Inc. (A)		246		367,086
Best Buy Co., Inc.		2,524		290,210
CarMax, Inc. (A)		1,847		238,540
Gap, Inc.		2,351		79,111
Home Depot, Inc.		12,032		3,836,885
L Brands, Inc.		2,650		190,959
Lowe’s Cos., Inc.		7,999		1,551,566
O’Reilly Automotive, Inc. (A)		791		447,872
Ross Stores, Inc.		4,036		500,464
TJX Cos., Inc.		13,647		920,081
Tractor Supply Co.		1,305		242,808
Ulta Beauty, Inc. (A)		620		214,377
				9,031,968
Technology Hardware, Storage & Peripherals - 6.2%
Apple, Inc.		177,507		24,311,359
Hewlett Packard Enterprise Co.		14,778		215,463
HP, Inc.		13,593		410,373
NetApp, Inc.		2,520		206,186
Seagate Technology Holdings PLC		2,253		198,106
Western Digital Corp. (A)		3,468		246,818
				25,588,305
Textiles, Apparel & Luxury Goods - 0.7%
Hanesbrands, Inc. (C)		3,950		73,746
NIKE, Inc., Class B		14,429		2,229,136
PVH Corp. (A)		808		86,933

	Shares		Value
COMMON STOCKS (continued)
Textiles, Apparel & Luxury Goods (continued)
Ralph Lauren Corp.		546		$ 64,324
Tapestry, Inc. (A)		3,154		137,136
Under Armour, Inc., Class A (A)		2,134		45,134
Under Armour, Inc., Class C (A)		2,223		41,281
VF Corp.		3,640		298,626
				2,976,316
Tobacco - 0.7%
Altria Group, Inc.		20,942		998,515
Philip Morris International, Inc.		17,637		1,748,003
				2,746,518
Trading Companies & Distributors - 0.2%
Fastenal Co.		6,501		338,052
United Rentals, Inc. (A)		820		261,588
WW Grainger, Inc.		495		216,810
				816,450
Water Utilities - 0.1%
American Water Works Co., Inc.		2,052		316,275
Wireless Telecommunication Services - 0.2%
T-Mobile US, Inc. (A)		6,631		960,368
Total Common Stocks (Cost $322,015,922)				411,046,564
SHORT-TERM INVESTMENT COMPANY - 0.2%
Money Market Fund - 0.2%
State Street Institutional Treasury Money Market Fund, 0.01% (D)		616,716		616,716
Total Short-Term Investment Company (Cost $616,716)				616,716
OTHER INVESTMENT COMPANY - 0.0% (B)
Securities Lending Collateral - 0.0% (B)
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.02% (D)		58,118		58,118
Total Other Investment Company (Cost $58,118)				58,118
Total Investments (Cost $322,690,756)				411,721,398
Net Other Assets (Liabilities) - 0.0% (B)				108,701
Net Assets - 100.0%				$  411,830,099

FUTURES CONTRACTS:

Long Futures Contracts
Description	Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
S&P 500® E-Mini Index		3		09/17/2021	$	635,292	$	643,290	$	7,998	$	—

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    15

DeltaShares^® S&P 500 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

INVESTMENT 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	$	411,046,564	$	—	$	—	$	411,046,564
Short-Term Investment Company		616,716		—		—		616,716
Other Investment Company		58,118		—		—		58,118
Total Investments	$	411,721,398	$	—	$	—	$	411,721,398
Other Financial Instruments
Futures Contracts (F)	$	7,998	$	—	$	—	$	7,998
Total Other Financial Instruments	$	7,998	$	—	$	—	$	7,998

FOOTNOTES TO SCHEDULE OF INVESTMENTS:

(A)	Non-income producing securities.
(B)	Percentage rounds to less than 0.1% or (0.1)%.
(C)	All or a portion of the securities are on loan. The total value of all securities on loan is $229,098, collateralized by cash collateral of $58,118 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $176,570. 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.
(D)	Rates disclosed reflect the yields at June 30, 2021.
(E)	There were no transfers in or out of Level 3 during the six-month period ended June 30, 2021. Please reference the Investment Valuation section of the Notes to Financial Statements for more information regarding investment valuation and pricing inputs.
(F)	Derivative instruments are valued at unrealized appreciation (depreciation).

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    16

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS - 68.3%
Aerospace & Defense - 0.8%
AAR Corp. (A)		980		$37,975
Aerojet Rocketdyne Holdings, Inc.		2,200		106,238
AeroVironment, Inc. (A)		664		66,500
Kaman Corp.		823		41,479
Moog, Inc., Class A		865		72,712
National Presto Industries, Inc.		154		15,654
Park Aerospace Corp.		554		8,255
Triumph Group, Inc. (A)		1,802		37,391
				386,204
Air Freight & Logistics - 0.5%
Atlas Air Worldwide Holdings, Inc. (A)		815		55,510
Echo Global Logistics, Inc. (A)		787		24,192
Forward Air Corp.		808		72,518
Hub Group, Inc., Class A (A)		997		65,782
				218,002
Airlines - 0.4%
Allegiant Travel Co. (A)		431		83,614
Hawaiian Holdings, Inc. (A)		1,510		36,799
SkyWest, Inc. (A)		1,487		64,045
				184,458
Auto Components - 0.9%
American Axle & Manufacturing Holdings, Inc. (A)		3,367		34,848
Cooper-Standard Holdings, Inc. (A)		501		14,529
Dorman Products, Inc. (A)		843		87,394
Gentherm, Inc. (A)		979		69,558
LCI Industries		745		97,908
Motorcar Parts of America, Inc. (A)		563		12,634
Patrick Industries, Inc.		661		48,253
Standard Motor Products, Inc.		589		25,533
				390,657
Automobiles - 0.1%
Winnebago Industries, Inc.		992		67,416
Banks - 6.6%
Allegiance Bancshares, Inc.		549		21,104
Ameris Bancorp		2,061		104,348
Banc of California, Inc.		1,319		23,135
BancFirst Corp.		552		34,461
Bancorp, Inc. (A)		1,506		34,653
BankUnited, Inc.		2,755		117,611
Banner Corp.		1,028		55,728
Berkshire Hills Bancorp, Inc.		1,513		41,471
Boston Private Financial Holdings, Inc.		2,436		35,931
Brookline Bancorp, Inc.		2,311		34,549
Cadence Bancorp		3,685		76,943
Central Pacific Financial Corp.		835		21,760
City Holding Co.		463		34,836
Columbia Banking System, Inc.		2,119		81,709
Community Bank System, Inc.		1,592		120,435
Customers Bancorp, Inc. (A)		877		34,194
CVB Financial Corp.		3,775		77,727
Dime Community Bancshares, Inc.		1,045		35,133
Eagle Bancorp, Inc.		944		52,940
FB Financial Corp.		993		37,059
First Bancorp		841		34,405
First Bancorp		6,370		75,930
First Commonwealth Financial Corp.		2,843		40,001

	Shares		Value
COMMON STOCKS (continued)
Banks (continued)
First Financial Bancorp		2,873		$ 67,889
First Hawaiian, Inc.		3,852		109,166
First Midwest Bancorp, Inc.		3,378		66,986
Great Western Bancorp, Inc.		1,628		53,382
Hanmi Financial Corp.		906		17,268
Heritage Financial Corp.		1,062		26,571
Hilltop Holdings, Inc.		1,922		69,961
Hope Bancorp, Inc.		3,649		51,743
Independent Bank Corp.		977		73,764
Independent Bank Group, Inc.		1,084		80,194
Investors Bancorp, Inc.		6,658		94,943
National Bank Holdings Corp., Class A		909		34,306
NBT Bancorp, Inc.		1,284		46,185
OFG Bancorp		1,526		33,755
Old National Bancorp		4,897		86,236
Pacific Premier Bancorp, Inc.		2,795		118,201
Park National Corp.		421		49,434
Preferred Bank		401		25,371
Renasant Corp.		1,664		66,560
S&T Bancorp, Inc.		1,162		36,371
Seacoast Banking Corp. of Florida		1,633		55,767
ServisFirst Bancshares, Inc.		1,391		94,560
Simmons First National Corp., Class A		3,200		93,888
Southside Bancshares, Inc.		914		34,942
SVB Financial Group		56		30,904
Tompkins Financial Corp.		356		27,611
Triumph Bancorp, Inc. (A)		668		49,599
United Community Banks, Inc.		2,563		82,042
Veritex Holdings, Inc.		1,460		51,699
Westamerica Bancorp		794		46,076
				3,001,437
Beverages - 0.4%
Celsius Holdings, Inc. (A)		970		73,807
Coca-Cola Consolidated, Inc.		137		55,092
MGP Ingredients, Inc. (B)		389		26,312
National Beverage Corp.		689		32,542
				187,753
Biotechnology - 1.0%
Anika Therapeutics, Inc. (A)		426		18,442
Coherus Biosciences, Inc. (A)		1,970		27,245
Cytokinetics, Inc. (A) (B)		2,119		41,935
Eagle Pharmaceuticals, Inc. (A)		345		14,766
Enanta Pharmaceuticals, Inc. (A)		531		23,369
Myriad Genetics, Inc. (A)		2,276		69,600
Organogenesis Holdings, Inc. (A)		1,477		24,548
REGENXBIO, Inc. (A)		1,030		40,015
Spectrum Pharmaceuticals, Inc. (A)		4,771		17,891
Vanda Pharmaceuticals, Inc. (A)		1,641		35,298
Vericel Corp. (A) (B)		1,370		71,925
Xencor, Inc. (A)		1,720		59,323
				444,357
Building Products - 1.3%
AAON, Inc.		1,209		75,671
American Woodmark Corp. (A)		503		41,090
Apogee Enterprises, Inc.		761		30,996
Gibraltar Industries, Inc. (A)		965		73,639
Griffon Corp.		1,340		34,344

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    17

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Building Products (continued)
Insteel Industries, Inc.		572		$ 18,390
PGT Innovations, Inc. (A)		1,760		40,885
Quanex Building Products Corp.		992		24,641
Resideo Technologies, Inc. (A)		4,250		127,500
UFP Industries, Inc.		1,827		135,819
				602,975
Capital Markets - 0.7%
B Riley Financial, Inc.		522		39,411
Blucora, Inc. (A)		1,431		24,771
Brightsphere Investment Group, Inc.		1,759		41,214
Donnelley Financial Solutions, Inc. (A)		880		29,040
Greenhill & Co., Inc.		431		6,706
Piper Sandler Cos.		427		55,322
StoneX Group, Inc. (A)		493		29,910
Virtus Investment Partners, Inc.		212		58,887
WisdomTree Investments, Inc. (B)		3,315		20,553
				305,814
Chemicals - 1.8%
AdvanSix, Inc. (A)		828		24,724
American Vanguard Corp.		802		14,043
Balchem Corp.		959		125,878
Ferro Corp. (A)		2,441		52,652
FutureFuel Corp.		762		7,315
GCP Applied Technologies, Inc. (A)		1,430		33,262
Hawkins, Inc.		560		18,340
HB Fuller Co.		1,543		98,150
Innospec, Inc.		728		65,964
Koppers Holdings, Inc. (A)		627		20,283
Kraton Corp. (A)		950		30,676
Livent Corp. (A) (B)		4,700		90,992
Quaker Chemical Corp. (B)		391		92,741
Rayonier Advanced Materials, Inc. (A)		1,879		12,571
Stepan Co.		632		76,011
Tredegar Corp.		766		10,548
Trinseo SA		1,144		68,457
				842,607
Commercial Services & Supplies - 1.4%
ABM Industries, Inc.		1,983		87,946
Brady Corp., Class A		1,434		80,361
CoreCivic, Inc. (A)		3,554		37,210
Deluxe Corp.		1,247		59,569
Harsco Corp. (A)		2,338		47,742
HNI Corp.		1,287		56,589
Interface, Inc.		1,744		26,683
Matthews International Corp., Class A		935		33,623
Pitney Bowes, Inc.		5,185		45,473
Team, Inc. (A)		912		6,111
UniFirst Corp.		450		105,588
US Ecology, Inc. (A)		931		34,931
Viad Corp. (A)		605		30,159
				651,985
Communications Equipment - 0.8%
ADTRAN, Inc.		1,430		29,529
Applied Optoelectronics, Inc. (A)		731		6,192
CalAmp Corp. (A)		1,042		13,254
Comtech Telecommunications Corp.		769		18,579
Digi International, Inc. (A)		1,005		20,211

	Shares		Value
COMMON STOCKS (continued)
Communications Equipment (continued)
Extreme Networks, Inc. (A)		3,723		$ 41,549
Harmonic, Inc. (A)		2,986		25,441
NETGEAR, Inc. (A)		901		34,526
Plantronics, Inc. (A)		1,125		46,946
Viavi Solutions, Inc. (A)		6,755		119,293
				355,520
Construction & Engineering - 0.6%
Arcosa, Inc.		1,423		83,587
Comfort Systems USA, Inc.		1,071		84,384
Granite Construction, Inc.		1,353		56,190
Matrix Service Co. (A)		784		8,232
MYR Group, Inc. (A)		498		45,278
				277,671
Construction Materials - 0.1%
US Concrete, Inc. (A)		477		35,203
Consumer Finance - 0.5%
Encore Capital Group, Inc. (A) (B)		915		43,362
Enova International, Inc. (A)		1,085		37,118
EZCORP, Inc., Class A (A)		1,562		9,419
Green Dot Corp., Class A (A)		1,607		75,288
PRA Group, Inc. (A)		1,354		52,088
World Acceptance Corp. (A)		117		18,748
				236,023
Containers & Packaging - 0.2%
Myers Industries, Inc.		1,065		22,365
O-I Glass, Inc. (A)		4,664		76,163
				98,528
Distributors - 0.1%
Core-Mark Holding Co., Inc.		1,334		60,043
Diversified Consumer Services - 0.1%
American Public Education, Inc. (A)		552		15,644
Perdoceo Education Corp. (A)		2,080		25,521
Regis Corp. (A) (B)		719		6,730
				47,895
Diversified Telecommunication Services - 0.3%
ATN International, Inc.		325		14,784
Cincinnati Bell, Inc. (A)		1,504		23,192
Cogent Communications Holdings, Inc.		1,250		96,112
Consolidated Communications Holdings, Inc. (A)		2,173		19,101
				153,189
Electrical Equipment - 0.3%
AZZ, Inc.		740		38,317
Encore Wire Corp.		609		46,156
Powell Industries, Inc.		263		8,140
Vicor Corp. (A)		629		66,511
				159,124
Electronic Equipment, Instruments & Components - 2.7%
Advanced Energy Industries, Inc.		1,136		128,039
Arlo Technologies, Inc. (A)		2,400		16,248
Badger Meter, Inc.		862		84,579
Bel Fuse, Inc., Class B		301		4,334
Benchmark Electronics, Inc.		1,059		30,139
CTS Corp.		956		35,525
Daktronics, Inc. (A)		1,089		7,177
ePlus, Inc. (A)		399		34,589

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    18

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Electronic Equipment, Instruments & Components (continued)
Fabrinet (A)		1,089		$ 104,402
FARO Technologies, Inc. (A)		536		41,685
Insight Enterprises, Inc. (A)		1,044		104,411
Itron, Inc. (A)		1,333		133,273
Knowles Corp. (A)		2,741		54,107
Methode Electronics, Inc.		1,137		55,952
OSI Systems, Inc. (A)		495		50,312
PC Connection, Inc.		325		15,038
Plexus Corp. (A)		844		77,150
Rogers Corp. (A)		553		111,042
Sanmina Corp. (A)		1,922		74,881
ScanSource, Inc. (A)		751		21,126
TTM Technologies, Inc. (A)		2,944		42,099
				1,226,108
Energy Equipment & Services - 1.1%
Archrock, Inc.		3,822		34,054
Bristow Group, Inc. (A)		684		17,517
Core Laboratories NV		1,369		53,323
DMC Global, Inc. (A)		553		31,084
Dril-Quip, Inc. (A)		1,047		35,420
Helix Energy Solutions Group, Inc. (A)		4,186		23,902
Helmerich & Payne, Inc.		3,187		103,992
Nabors Industries Ltd. (A)		194		22,163
Oceaneering International, Inc. (A)		2,946		45,869
Oil States International, Inc. (A)		1,811		14,216
Patterson-UTI Energy, Inc.		5,547		55,137
ProPetro Holding Corp. (A)		2,417		22,140
RPC, Inc. (A)		1,721		8,519
US Silica Holdings, Inc. (A)		2,196		25,386
				492,722
Entertainment - 0.0% (C)
Marcus Corp. (A) (B)		712		15,102
Equity Real Estate Investment Trusts - 4.9%
Acadia Realty Trust		2,549		55,976
Agree Realty Corp.		2,007		141,474
Alexander & Baldwin, Inc.		2,139		39,187
American Assets Trust, Inc.		1,483		55,301
Armada Hoffler Properties, Inc.		1,781		23,670
Brandywine Realty Trust		5,048		69,208
CareTrust, Inc.		2,860		66,438
Centerspace		383		30,219
Chatham Lodging Trust (A)		1,437		18,494
Community Healthcare Trust, Inc.		677		32,130
DiamondRock Hospitality Co. (A)		6,212		60,256
Diversified Healthcare Trust		7,038		29,419
Easterly Government Properties, Inc.		2,477		52,215
Essential Properties Realty Trust, Inc.		3,472		93,883
Four Corners Property Trust, Inc.		2,250		62,123
Franklin Street Properties Corp.		2,854		15,012
GEO Group, Inc. (B)		3,593		25,582
Getty Realty Corp.		1,102		34,327
Global Net Lease, Inc.		2,818		52,133
Hersha Hospitality Trust (A)		1,086		11,685
Independence Realty Trust, Inc.		3,019		55,036
Industrial Logistics Properties Trust		1,928		50,398
Innovative Industrial Properties, Inc. (B)		707		135,051
iStar, Inc. (B)		2,163		44,839

	Shares		Value
COMMON STOCKS (continued)
Equity Real Estate Investment Trusts (continued)
Kite Realty Group Trust		2,495		$ 54,915
Lexington Realty Trust		8,201		98,002
LTC Properties, Inc.		1,163		44,648
Mack-Cali Realty Corp.		2,547		43,681
NexPoint Residential Trust, Inc.		667		36,672
Office Properties Income Trust		1,428		41,855
Retail Opportunity Investments Corp.		3,508		61,951
Retail Properties of America, Inc., Class A		6,343		72,627
RPT Realty		2,397		31,113
Safehold, Inc. (B)		426		33,441
Saul Centers, Inc.		382		17,362
Service Properties Trust		4,869		61,349
SITE Centers Corp.		4,987		75,104
Summit Hotel Properties, Inc. (A)		3,135		29,250
Tanger Factory Outlet Centers, Inc. (B)		2,978		56,135
Uniti Group, Inc.		6,896		73,029
Universal Health Realty Income Trust		378		23,266
Urstadt Biddle Properties, Inc., Class A		890		17,248
Washington, REIT		2,498		57,454
Whitestone, REIT		1,180		9,735
Xenia Hotels & Resorts, Inc. (A)		3,362		62,970
				2,255,863
Food & Staples Retailing - 0.4%
Andersons, Inc.		925		28,240
Chefs’ Warehouse, Inc. (A)		963		30,652
PriceSmart, Inc.		690		62,797
SpartanNash Co.		1,070		20,662
United Natural Foods, Inc. (A)		1,663		61,498
				203,849
Food Products - 0.8%
B&G Foods, Inc. (B)		1,914		62,779
Cal-Maine Foods, Inc.		1,106		40,048
Calavo Growers, Inc.		492		31,203
Fresh Del Monte Produce, Inc.		899		29,559
J&J Snack Foods Corp.		444		77,438
John B Sanfilippo & Son, Inc.		263		23,294
Seneca Foods Corp., Class A (A)		197		10,063
Simply Good Foods Co. (A)		2,489		90,873
				365,257
Gas Utilities - 0.4%
Chesapeake Utilities Corp.		517		62,211
NorthWest Natural Holding Co.		905		47,531
South Jersey Industries, Inc.		3,322		86,139
				195,881
Health Care Equipment & Supplies - 2.3%
AngioDynamics, Inc. (A)		1,127		30,576
Avanos Medical, Inc. (A)		1,420		51,645
Cardiovascular Systems, Inc. (A)		1,187		50,626
CONMED Corp.		859		118,052
CryoLife, Inc. (A)		1,154		32,774
Cutera, Inc. (A) (B)		525		25,741
Glaukos Corp. (A)		1,368		116,047
Heska Corp. (A) (B)		292		67,081
Inogen, Inc. (A)		549		35,778
Integer Holdings Corp. (A)		975		91,845
Invacare Corp. (A) (B)		1,033		8,336

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    19

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Lantheus Holdings, Inc. (A)		1,995		$ 55,142
LeMaitre Vascular, Inc.		506		30,876
Meridian Bioscience, Inc. (A)		1,281		28,413
Merit Medical Systems, Inc. (A)		1,455		94,080
Mesa Laboratories, Inc.		144		39,048
Natus Medical, Inc. (A)		1,006		26,136
OraSure Technologies, Inc. (A)		2,126		21,558
Orthofix Medical, Inc. (A)		579		23,224
Surmodics, Inc. (A)		410		22,242
Tactile Systems Technology, Inc. (A)		581		30,212
Varex Imaging Corp. (A)		1,161		31,138
Zynex, Inc. (A) (B)		577		8,961
				1,039,531
Health Care Providers & Services - 2.6%
Addus HomeCare Corp. (A)		446		38,909
AMN Healthcare Services, Inc. (A)		1,396		135,384
Apollo Medical Holdings, Inc. (A) (B)		390		24,496
Community Health Systems, Inc. (A)		3,669		56,649
CorVel Corp. (A)		270		36,261
Covetrus, Inc. (A)		2,945		79,515
Cross Country Healthcare, Inc. (A)		1,035		17,088
Ensign Group, Inc.		1,528		132,432
Fulgent Genetics, Inc. (A) (B)		522		48,144
Hanger, Inc. (A)		1,138		28,769
Joint Corp. (A)		390		32,729
Magellan Health, Inc. (A)		687		64,715
MEDNAX, Inc. (A)		2,547		76,792
ModivCare, Inc. (A)		359		61,055
Owens & Minor, Inc.		2,221		94,015
Pennant Group, Inc. (A)		752		30,757
RadNet, Inc. (A)		1,293		43,561
Select Medical Holdings Corp.		3,186		134,640
Tivity Health, Inc. (A)		1,120		29,467
US Physical Therapy, Inc.		381		44,147
				1,209,525
Health Care Technology - 0.9%
Allscripts Healthcare Solutions, Inc. (A)		4,171		77,205
Computer Programs & Systems, Inc.		378		12,561
HealthStream, Inc. (A)		745		20,815
NextGen Healthcare, Inc. (A)		1,643		27,257
Omnicell, Inc. (A)		1,276		193,250
Simulations Plus, Inc. (B)		451		24,765
Tabula Rasa HealthCare, Inc. (A) (B)		667		33,350
				389,203
Hotels, Restaurants & Leisure - 1.3%
BJ’s Restaurants, Inc. (A)		686		33,710
Bloomin’ Brands, Inc. (A) (B)		2,391		64,892
Brinker International, Inc. (A)		1,352		83,621
Cheesecake Factory, Inc. (A)		1,359		73,631
Chuy’s Holdings, Inc. (A)		589		21,946
Dave & Buster’s Entertainment, Inc. (A)		1,412		57,327
Dine Brands Global, Inc. (A)		508		45,339
El Pollo Loco Holdings, Inc. (A)		561		10,261
Fiesta Restaurant Group, Inc. (A)		523		7,024
Monarch Casino & Resort, Inc. (A)		383		25,343
Red Robin Gourmet Burgers, Inc. (A)		463		15,330
Ruth’s Hospitality Group, Inc. (A)		944		21,740

	Shares		Value
COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
Shake Shack, Inc., Class A (A)		1,074		$ 114,939
				575,103
Household Durables - 1.6%
Cavco Industries, Inc. (A)		253		56,214
Century Communities, Inc.		867		57,690
Ethan Allen Interiors, Inc.		648		17,885
Installed Building Products, Inc.		666		81,492
iRobot Corp. (A)		829		77,420
La-Z-Boy, Inc.		1,369		50,708
LGI Homes, Inc. (A)		649		105,099
M/I Homes, Inc. (A)		862		50,574
MDC Holdings, Inc.		1,640		82,984
Meritage Homes Corp. (A)		1,119		105,276
Tupperware Brands Corp. (A)		1,467		34,841
Universal Electronics, Inc. (A)		407		19,739
				739,922
Household Products - 0.4%
Central Garden & Pet Co. (A)		287		15,191
Central Garden & Pet Co., Class A (A)		1,173		56,656
WD-40 Co.		405		103,797
				175,644
Industrial Conglomerates - 0.1%
Raven Industries, Inc.		1,060		61,321
Insurance - 1.9%
Ambac Financial Group, Inc. (A)		1,366		21,392
American Equity Investment Life Holding Co.		2,538		82,028
AMERISAFE, Inc.		572		34,143
Assured Guaranty Ltd.		2,228		105,785
eHealth, Inc. (A)		772		45,085
Employers Holdings, Inc.		842		36,038
Genworth Financial, Inc., Class A (A)		14,972		58,391
HCI Group, Inc. (B)		194		19,289
Horace Mann Educators Corp.		1,225		45,839
James River Group Holdings Ltd.		1,101		41,310
Palomar Holdings, Inc. (A)		643		48,521
ProAssurance Corp.		1,595		36,286
Safety Insurance Group, Inc.		421		32,956
Selectquote, Inc. (A)		1,302		25,077
SiriusPoint Ltd. (A)		2,243		22,587
Stewart Information Services Corp.		792		44,898
Trupanion, Inc. (A)		993		114,294
United Fire Group, Inc.		638		17,692
United Insurance Holdings Corp.		613		3,494
Universal Insurance Holdings, Inc.		839		11,645
				846,750
Interactive Media & Services - 0.1%
QuinStreet, Inc. (A)		1,456		27,052
Internet & Direct Marketing Retail - 0.5%
Liquidity Services, Inc. (A)		799		20,335
PetMed Express, Inc. (B)		598		19,046
Shutterstock, Inc.		660		64,792
Stamps.com, Inc. (A)		541		108,357
				212,530
IT Services - 1.0%
BM Technologies, Inc. (A)		83		1,033
CSG Systems International, Inc.		972		45,859

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    20

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
IT Services (continued)
EVERTEC, Inc.		1,769		$ 77,217
ExlService Holdings, Inc. (A)		988		104,985
Perficient, Inc. (A)		977		78,570
Sykes Enterprises, Inc. (A)		1,175		63,097
TTEC Holdings, Inc.		539		55,565
Unisys Corp. (A)		1,980		50,114
				476,440
Leisure Products - 0.3%
Sturm Ruger & Co., Inc.		519		46,700
Vista Outdoor, Inc. (A)		1,705		78,907
				125,607
Life Sciences Tools & Services - 0.4%
Luminex Corp.		1,299		47,803
NeoGenomics, Inc. (A) (B)		3,485		157,418
				205,221
Machinery - 3.7%
Alamo Group, Inc.		292		44,583
Albany International Corp., Class A		906		80,870
Astec Industries, Inc.		671		42,233
Barnes Group, Inc.		1,376		70,520
Chart Industries, Inc. (A)		1,052		153,929
CIRCOR International, Inc. (A)		597		19,462
Enerpac Tool Group Corp.		1,775		47,250
EnPro Industries, Inc.		608		59,067
ESCO Technologies, Inc.		769		72,140
Federal Signal Corp.		1,788		71,931
Franklin Electric Co., Inc.		1,139		91,826
Greenbrier Cos., Inc.		970		42,273
Hillenbrand, Inc.		2,224		98,034
John Bean Technologies Corp.		938		133,777
Lindsay Corp.		322		53,220
Lydall, Inc. (A)		507		30,684
Meritor, Inc. (A)		2,145		50,236
Mueller Industries, Inc.		1,687		73,064
Proto Labs, Inc. (A)		819		75,184
SPX Corp. (A)		1,337		81,664
SPX Flow, Inc.		1,247		81,354
Standex International Corp.		361		34,262
Tennant Co.		550		43,917
Titan International, Inc. (A)		1,493		12,661
Wabash National Corp.		1,532		24,512
Watts Water Technologies, Inc., Class A		815		118,917
				1,707,570
Marine - 0.2%
Matson, Inc.		1,284		82,176
Media - 0.6%
AMC Networks, Inc., Class A (A)		907		60,588
EW Scripps Co., Class A		1,704		34,745
Gannett Co., Inc. (A)		3,999		21,954
Meredith Corp. (A)		1,200		52,128
Scholastic Corp.		889		33,684
TechTarget, Inc. (A)		698		54,088
				257,187
Metals & Mining - 1.0%
Allegheny Technologies, Inc. (A)		3,758		78,354
Arconic Corp. (A)		2,893		103,049

	Shares		Value
COMMON STOCKS (continued)
Metals & Mining (continued)
Carpenter Technology Corp.		1,419		$ 57,072
Century Aluminum Co. (A)		1,490		19,206
Haynes International, Inc.		374		13,232
Kaiser Aluminum Corp.		468		57,794
Materion Corp.		602		45,361
Olympic Steel, Inc.		269		7,906
SunCoke Energy, Inc.		2,452		17,507
TimkenSteel Corp. (A) (B)		1,135		16,060
Warrior Met Coal, Inc.		1,519		26,127
				441,668
Mortgage Real Estate Investment Trusts - 1.0%
Apollo Commercial Real Estate Finance, Inc.		3,801		60,626
ARMOUR Residential, Inc. (B)		2,104		24,028
Capstead Mortgage Corp.		2,862		17,573
Ellington Financial, Inc.		1,292		24,742
Granite Point Mortgage Trust, Inc.		1,628		24,013
Invesco Mortgage Capital, Inc. (B)		8,392		32,729
KKR Real Estate Finance Trust, Inc.		806		17,434
New York Mortgage Trust, Inc.		11,204		50,082
PennyMac Mortgage Investment Trust		2,893		60,926
Ready Capital Corp.		1,704		27,042
Redwood Trust, Inc.		3,338		40,290
Two Harbors Investment Corp. (B)		8,081		61,092
				440,577
Multi-Utilities - 0.2%
Avista Corp.		2,048		87,388
Unitil Corp.		444		23,519
				110,907
Multiline Retail - 0.5%
Big Lots, Inc.		944		62,313
Macy’s, Inc. (A)		9,209		174,603
				236,916
Oil, Gas & Consumable Fuels - 2.1%
Bonanza Creek Energy, Inc.		563		26,501
Callon Petroleum Co. (A)		1,368		78,920
Consol Energy, Inc. (A)		896		16,549
Dorian LPG Ltd. (A)		802		11,324
Green Plains, Inc. (A)		1,252		42,092
Laredo Petroleum, Inc. (A)		285		26,445
Matador Resources Co.		3,244		116,817
Par Pacific Holdings, Inc. (A)		1,315		22,118
PBF Energy, Inc., Class A (A)		2,841		43,467
PDC Energy, Inc.		2,935		134,394
Penn Virginia Corp. (A) (B)		452		10,672
Range Resources Corp. (A)		7,668		128,516
Renewable Energy Group, Inc. (A)		1,408		87,775
REX American Resources Corp. (A)		156		14,068
SM Energy Co.		3,237		79,727
Southwestern Energy Co. (A)		19,199		108,858
Talos Energy, Inc. (A)		941		14,717
				962,960
Paper & Forest Products - 0.4%
Clearwater Paper Corp. (A)		493		14,282
Domtar Corp. (A)		1,484		81,561
Glatfelter Corp.		1,313		18,342
Mercer International, Inc.		1,169		14,905

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    21

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Paper & Forest Products (continued)
Neenah, Inc.		498		$ 24,985
Schweitzer-Mauduit International, Inc.		928		37,473
				191,548
Personal Products - 0.6%
Edgewell Personal Care Co.		1,607		70,547
elf Beauty, Inc. (A)		1,144		31,048
Inter Parfums, Inc.		523		37,656
Medifast, Inc.		348		98,477
USANA Health Sciences, Inc. (A)		341		34,929
				272,657
Pharmaceuticals - 0.9%
Amphastar Pharmaceuticals, Inc. (A)		1,083		21,833
ANI Pharmaceuticals, Inc. (A)		293		10,270
Cara Therapeutics, Inc. (A)		1,272		18,152
Collegium Pharmaceutical, Inc. (A)		1,042		24,633
Corcept Therapeutics, Inc. (A)		3,100		68,200
Endo International PLC (A)		6,892		32,255
Innoviva, Inc. (A)		1,857		24,902
Pacira BioSciences, Inc. (A)		1,300		78,884
Phibro Animal Health Corp., Class A		600		17,328
Prestige Consumer Healthcare, Inc. (A)		1,474		76,795
Supernus Pharmaceuticals, Inc. (A)		1,566		48,217
				421,469
Professional Services - 0.9%
Exponent, Inc.		1,539		137,294
Forrester Research, Inc. (A)		328		15,023
Heidrick & Struggles International, Inc.		577		25,705
Kelly Services, Inc., Class A (A)		989		23,706
Korn Ferry		1,596		115,790
ManTech International Corp., Class A		811		70,184
Resources Connection, Inc.		911		13,082
TrueBlue, Inc. (A)		1,049		29,487
				430,271
Real Estate Management & Development - 0.3%
Marcus & Millichap, Inc. (A)		713		27,714
RE/MAX Holdings, Inc., Class A		558		18,598
Realogy Holdings Corp. (A) (B)		3,439		62,659
St. Joe Co.		921		41,086
				150,057
Road & Rail - 0.6%
ArcBest Corp.		749		43,584
Heartland Express, Inc.		1,441		24,685
Marten Transport Ltd.		1,736		28,627
Saia, Inc. (A)		778		162,983
				259,879
Semiconductors & Semiconductor Equipment - 2.3%
Axcelis Technologies, Inc. (A)		992		40,097
CEVA, Inc. (A)		673		31,833
Cohu, Inc. (A)		1,431		52,646
Diodes, Inc. (A)		1,252		99,872
DSP Group, Inc. (A)		667		9,872
FormFactor, Inc. (A)		2,294		83,639
Ichor Holdings Ltd. (A)		829		44,600
Kulicke & Soffa Industries, Inc.		1,834		112,241
MaxLinear, Inc. (A)		2,026		86,085
Onto Innovation, Inc. (A)		1,450		105,908

	Shares		Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
PDF Solutions, Inc. (A)		873		$ 15,871
Photronics, Inc. (A)		1,872		24,729
Power Integrations, Inc.		1,792		147,052
Rambus, Inc. (A)		3,324		78,812
SMART Global Holdings, Inc. (A)		402		19,167
Ultra Clean Holdings, Inc. (A)		1,293		69,460
Veeco Instruments, Inc. (A)		1,482		35,627
				1,057,511
Software - 2.2%
8x8, Inc. (A)		3,247		90,137
Agilysys, Inc. (A)		607		34,520
Alarm.com Holdings, Inc. (A)		1,338		113,329
Bottomline Technologies de, Inc. (A)		1,162		43,087
Ebix, Inc.		694		23,527
InterDigital, Inc.		908		66,311
LivePerson, Inc. (A)		1,895		119,840
MicroStrategy, Inc., Class A (A) (B)		230		152,835
Onespan, Inc. (A)		999		25,514
Progress Software Corp.		1,299		60,079
SPS Commerce, Inc. (A)		1,058		105,641
Vonage Holdings Corp. (A)		6,981		100,596
Xperi Holding Corp.		3,098		68,899
				1,004,315
Specialty Retail - 3.9%
Aaron’s Co., Inc.		1,009		32,278
Abercrombie & Fitch Co., Class A (A)		1,830		84,967
America’s Car-Mart, Inc. (A)		183		25,935
Asbury Automotive Group, Inc. (A)		572		98,024
Barnes & Noble Education, Inc. (A)		941		6,785
Bed Bath & Beyond, Inc. (A)		3,150		104,863
Boot Barn Holdings, Inc. (A)		864		72,619
Buckle, Inc.		853		42,437
Caleres, Inc.		1,133		30,919
Cato Corp., Class A		573		9,666
Chico’s FAS, Inc. (A)		3,622		23,833
Children’s Place, Inc. (A)		432		40,202
Conn’s, Inc. (A)		573		14,611
Designer Brands, Inc., Class A (A)		1,752		28,996
GameStop Corp., Class A (A)		1,640		351,189
Genesco, Inc. (A)		420		26,746
Group 1 Automotive, Inc.		505		77,987
Guess?, Inc.		1,132		29,885
Haverty Furniture Cos., Inc.		501		21,423
Hibbett, Inc. (A)		479		42,933
Lumber Liquidators Holdings, Inc. (A)		857		18,083
MarineMax, Inc. (A)		655		31,925
Monro, Inc.		989		62,811
ODP Corp. (A)		1,582		75,952
Rent-A-Center, Inc.		1,764		93,615
Sally Beauty Holdings, Inc. (A)		3,336		73,625
Shoe Carnival, Inc.		256		18,327
Signet Jewelers Ltd. (A)		1,546		124,901
Sleep Number Corp. (A)		723		79,494
Sonic Automotive, Inc., Class A		690		30,871
Zumiez, Inc. (A)		624		30,570
				1,806,472

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    22

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Technology Hardware, Storage & Peripherals - 0.4%
3D Systems Corp. (A)		3,694		$ 147,649
Diebold Nixdorf, Inc. (A)		2,312		29,686
				177,335
Textiles, Apparel & Luxury Goods - 0.9%
Fossil Group, Inc. (A)		1,400		19,992
G-III Apparel Group Ltd. (A)		1,287		42,291
Kontoor Brands, Inc. (B)		1,396		78,749
Movado Group, Inc.		498		15,672
Oxford Industries, Inc.		500		49,420
Steven Madden Ltd.		2,274		99,510
Unifi, Inc. (A)		442		10,767
Vera Bradley, Inc. (A)		656		8,128
Wolverine World Wide, Inc.		2,447		82,317
				406,846
Thrifts & Mortgage Finance - 1.5%
Axos Financial, Inc. (A)		1,523		70,652
Capitol Federal Financial, Inc.		3,813		44,917
Flagstar Bancorp, Inc.		1,402		59,263
HomeStreet, Inc.		631		25,707
Meta Financial Group, Inc.		943		47,744
Mr. Cooper Group, Inc. (A)		2,009		66,417
NMI Holdings, Inc., Class A (A)		2,529		56,852
Northfield Bancorp, Inc.		1,365		22,386
Northwest Bancshares, Inc.		3,759		51,273
Provident Financial Services, Inc.		2,143		49,053
TrustCo Bank Corp.		570		19,597
Walker & Dunlop, Inc.		874		91,228
WSFS Financial Corp.		1,404		65,412
				670,501
Tobacco - 0.2%
Universal Corp.		725		41,303
Vector Group Ltd.		3,781		53,464
				94,767
Trading Companies & Distributors - 0.7%
Applied Industrial Technologies, Inc.		1,147		104,446
Boise Cascade Co.		1,162		67,803
DXP Enterprises, Inc. (A)		521		17,349
GMS, Inc. (A)		1,266		60,945
NOW, Inc. (A)		3,256		30,900
Veritiv Corp. (A)		360		22,111
				303,554
Water Utilities - 0.4%
American States Water Co.		1,090		86,720
California Water Service Group		1,502		83,421
				170,141

	Shares		Value
COMMON STOCKS (continued)
Wireless Telecommunication Services - 0.2%
Shenandoah Telecommunications Co.		1,475		$ 71,552
Spok Holdings, Inc.		526		5,060
				76,612
Total Common Stocks (Cost $23,742,092)				31,279,388
WARRANT - 0.0% (C)
Energy Equipment & Services - 0.0% (C)
Nabors Industries Ltd., (A) Exercise Price $8.80, Expiration Date 06/11/2026		78		780
Total Warrant (Cost $0)				780
	Principal		Value
U.S. GOVERNMENT OBLIGATION - 31.5%
U.S. Treasury - 31.5%
U.S. Treasury Note 0.88%, 06/30/2026		$14,417,000		14,410,242
Total U.S. Government Obligation (Cost $14,418,126)				14,410,242
	Shares		Value
SHORT-TERM INVESTMENT COMPANY - 0.3%
Money Market Fund - 0.3%
State Street Institutional Treasury Money Market Fund, 0.01% (D)		113,923		113,923
Total Short-Term Investment Company (Cost $113,923)				113,923
OTHER INVESTMENT COMPANY - 1.2%
Securities Lending Collateral - 1.2%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.02% (D)		572,196		572,196
Total Other Investment Company (Cost $572,196)				572,196
Total Investments (Cost $38,846,337)				46,376,529
Net Other Assets (Liabilities) - (1.3)%				(574,920	)
Net Assets - 100.0%				$  45,801,609

FUTURES CONTRACTS:

Long Futures Contracts
Description	Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
E-Mini Russell 2000® Index		1		09/17/2021	$	116,197	$	115,390	$	—	$	(807	)

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    23

DeltaShares^® S&P 600 Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

INVESTMENT 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	$	31,279,388		$	—	$	—	$	31,279,388
Warrant		780			—		—		780
U.S. Government Obligation		—			14,410,242		—		14,410,242
Short-Term Investment Company		113,923			—		—		113,923
Other Investment Company		572,196			—		—		572,196
Total Investments	$	31,966,287		$	14,410,242	$	—	$	46,376,529
LIABILITIES
Other Financial Instruments
Futures Contracts (F)	$	(807	)	$	—	$	—	$	(807	)
Total Other Financial Instruments	$	(807	)	$	—	$	—	$	(807	)

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 $1,316,372, collateralized by cash collateral of $572,196 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $774,367. 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, 2021.
(E)	There were no transfers in or out of Level 3 during the six-month period ended June 30, 2021. Please reference the Investment Valuation section of the Notes to Financial Statements for more information regarding investment valuation and pricing inputs.
(F)	Derivative instruments are valued at unrealized appreciation (depreciation).

PORTFOLIO ABBREVIATION:

REIT Real Estate Investment Trust

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    24

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

SCHEDULE OF INVESTMENTS

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS - 98.4%
Brazil - 6.1%
Ambev SA, ADR		70,461		$242,386
Banco Bradesco SA, ADR		78,022		400,253
Itau Unibanco Holding SA, ADR		77,497		465,757
Petroleo Brasileiro SA, ADR		36,732		433,805
Petroleo Brasileiro SA, ADR (A)		29,756		363,916
StoneCo Ltd., A Shares (B)		3,150		211,239
Vale SA, ADR		54,933		1,253,021
				3,370,377
China - 40.5%
Agricultural Bank of China Ltd., H Shares		452,000		157,150
Alibaba Group Holding Ltd., ADR (B)		11,370		2,578,489
ANTA Sports Products Ltd.		14,000		329,545
Baidu, Inc., ADR (B)		4,360		889,004
Bank of China Ltd., H Shares		1,230,000		441,896
Bank of Communications Co. Ltd., H Shares		342,000		229,883
BeiGene Ltd., ADR (B)		629		215,867
Bilibili, Inc., ADR (B)		2,485		302,772
BYD Co. Ltd., H Shares		12,000		358,802
China Construction Bank Corp., H Shares		1,576,000		1,239,962
China Life Insurance Co. Ltd., H Shares		119,000		235,982
China Merchants Bank Co. Ltd., H Shares		60,000		511,856
China Pacific Insurance Group Co. Ltd., H Shares		44,400		139,789
China Petroleum & Chemical Corp., H Shares		408,000		206,473
Industrial & Commercial Bank of China Ltd., H Shares		1,194,000		701,100
JD.com, Inc., ADR (B)		14,352		1,145,433
Kuaishou Technology (A) (B) (C)		13,600		341,145
LI Ning Co. Ltd.		33,000		402,841
Meituan, Class B (B) (C)		65,200		2,689,993
NetEase, Inc., ADR		6,410		738,752
New Oriental Education & Technology Group, Inc., ADR (B)		23,948		196,134
NIO, Inc., ADR (B)		20,667		1,099,484
Pinduoduo, Inc., ADR (B)		5,590		710,042
Ping An Insurance Group Co. of China Ltd., H Shares		88,000		861,773
Shenzhou International Group Holdings Ltd.		12,000		303,019
Smoore International Holdings Ltd. (C)		27,000		149,675
Sunac China Holdings Ltd.		40,000		137,268
Sunny Optical Technology Group Co. Ltd.		11,400		360,239
TAL Education Group, ADR (B)		6,389		161,194
Tencent Holdings Ltd.		31,400		2,361,313
Trip.Com Group Ltd., ADR (B)		7,303		258,964
Vipshop Holdings Ltd., ADR (B)		6,183		124,155
Wuxi Biologics Cayman, Inc. (B) (C)		52,000		952,838
Yum China Holdings, Inc.		6,723		445,399
ZTO Express Cayman, Inc., ADR		10,074		305,746
				22,283,977
Hong Kong - 1.6%
China Mengniu Dairy Co. Ltd. (B)		44,000		266,011
China Resources Land Ltd.		46,000		186,290
Geely Automobile Holdings Ltd.		91,000		286,504
Sino Biopharmaceutical Ltd.		165,500		162,392
				901,197

	Shares		Value
COMMON STOCKS (continued)
India - 6.2%
ICICI Bank Ltd., ADR (B)		40,901		$ 699,407
Infosys Ltd., ADR		58,589		1,241,501
Reliance Industries Ltd., GDR (C)		25,853		1,463,280
				3,404,188
Indonesia - 1.4%
Bank Central Asia Tbk PT		177,400		368,564
Bank Rakyat Indonesia Persero Tbk PT		848,200		230,477
Telkom Indonesia Persero Tbk PT		760,400		165,190
				764,231
Kuwait - 0.6%
National Bank of Kuwait SAKP		115,030		324,130
Malaysia - 0.8%
Malayan Banking Bhd.		104,000		203,165
Public Bank Bhd.		242,100		239,680
				442,845
Mexico - 2.4%
America Movil SAB de CV, Series L		379,246		285,713
Fomento Economico Mexicano SAB de CV		29,724		250,998
Grupo Financiero Banorte SAB de CV, Class O		39,197		253,485
Grupo Mexico SAB de CV, Series B		51,046		240,379
Wal-Mart de Mexico SAB de CV		80,983		264,663
				1,295,238
Peru - 0.2%
Credicorp Ltd. (B)		996		120,626
Qatar - 0.6%
Qatar National Bank QPSC		70,903		349,549
Republic of Korea - 18.1%
Celltrion, Inc. (B)		1,586		378,139
Hyundai Mobis Co. Ltd.		1,064		275,885
Hyundai Motor Co.		2,289		486,805
Kakao Corp.		4,821		697,796
KB Financial Group, Inc.		6,251		309,733
Kia Corp.		4,279		340,451
LG Chem Ltd.		756		570,617
LG Corp.		1,912		174,026
LG Electronics, Inc.		1,727		250,734
LG Household & Health Care Ltd.		150		234,693
NAVER Corp.		2,312		857,133
NCSoft Corp.		256		186,405
POSCO		1,283		396,469
Samsung Biologics Co. Ltd. (B) (C)		265		197,900
Samsung C&T Corp.		1,435		173,935
Samsung Electronics Co. Ltd.		32,941		2,360,555
Samsung SDI Co. Ltd.		880		545,434
Shinhan Financial Group Co. Ltd.		8,262		297,862
SK Hynix, Inc.		8,616		975,483
SK Innovation Co. Ltd. (B)		843		221,202
				9,931,257
Republic of South Africa - 3.2%
FirstRand Ltd.		85,225		319,860
Naspers Ltd., N Shares		6,965		1,462,481
				1,782,341
Russian Federation - 6.3%
Gazprom PJSC, ADR		96,543		735,851
Lukoil PJSC, ADR		5,762		533,676

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    25

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

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Russian Federation (continued)
MMC Norilsk Nickel PJSC, ADR		9,617		$ 327,651
Novatek PJSC, GDR		1,554		340,792
Rosneft Oil Co. PJSC, GDR		35,593		275,490
Sberbank of Russia PJSC, ADR		43,154		716,572
Tatneft PJSC, ADR		4,181		182,375
Yandex NV, Class A (A) (B)		5,094		360,401
				3,472,808
Saudi Arabia - 3.7%
Al Rajhi Bank		19,591		579,832
Saudi Arabian Oil Co. (C)		31,985		299,347
Saudi Basic Industries Corp.		14,393		467,435
Saudi National Bank		21,590		331,587
Saudi Telecom Co.		9,596		336,720
				2,014,921
Taiwan - 5.8%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		23,404		2,812,225
United Microelectronics Corp., ADR (A)		36,952		349,196
				3,161,421
Thailand - 0.3%
PTT PCL, NVDR		137,000		167,777
United Arab Emirates - 0.6%
First Abu Dhabi Bank PJSC		69,712		316,946
Total Common Stocks (Cost $42,930,753)				54,103,829
PREFERRED STOCKS - 0.9%
Republic of Korea - 0.9%
Hyundai Motor Co., 0.00% (D)		937		95,842

	Shares		Value
PREFERRED STOCKS (continued)
Republic of Korea (continued)
LG Chem Ltd., 2.69% (D)		123		$ 41,887
Samsung Electronics Co. Ltd., 0.00% (D)		5,280		345,545
Samsung SDI Co. Ltd., 0.00% (D)		23		8,935
Total Preferred Stocks (Cost $354,453)				492,209
SHORT-TERM INVESTMENT COMPANY - 0.2%
Money Market Fund - 0.2%
State Street Institutional Treasury Money Market Fund, 0.01% (D)		91,210		91,210
Total Short-Term Investment Company (Cost $91,210)				91,210
OTHER INVESTMENT COMPANY - 0.9%
Securities Lending Collateral - 0.9%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.02% (D)		515,003		515,003
Total Other Investment Company (Cost $515,003)				515,003
Total Investments (Cost $43,891,419)				55,202,251
Net Other Assets (Liabilities) - (0.4)%				(206,792	)
Net Assets - 100.0%				$  54,995,459

FUTURES CONTRACTS:

Long Futures Contracts
Description	Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
MSCI Emerging Markets Index		6		09/17/2021	$	410,155	$	409,440	$	—	$	(715	)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Banks		17.2	%	$	9,489,472
Internet & Direct Marketing Retail		16.2			8,969,557
Interactive Media & Services		10.0			5,506,792
Oil, Gas & Consumable Fuels		9.5			5,223,984
Semiconductors & Semiconductor Equipment		7.5			4,136,904
Technology Hardware, Storage & Peripherals		4.9			2,706,100
Automobiles		4.8			2,667,888
Metals & Mining		4.0			2,217,520
IT Services		2.6			1,452,740
Insurance		2.2			1,237,544
Entertainment		2.2			1,227,929
Life Sciences Tools & Services		2.1			1,150,738

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    26

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

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

INVESTMENTS BY INDUSTRY (continued):

Industry	Percentage of Total Investments			Value
Chemicals		2.0	%	$	1,079,939
Textiles, Apparel & Luxury Goods		1.9			1,035,405
Electronic Equipment, Instruments & Components		1.7			914,608
Biotechnology		1.1			594,006
Diversified Telecommunication Services		0.9			501,910
Beverages		0.9			493,384
Hotels, Restaurants & Leisure		0.8			445,399
Diversified Consumer Services		0.6			357,328
Industrial Conglomerates		0.6			347,961
Real Estate Management & Development		0.6			323,558
Diversified Financial Services		0.6			319,860
Air Freight & Logistics		0.5			305,746
Wireless Telecommunication Services		0.5			285,713
Auto Components		0.5			275,885
Food Products		0.5			266,011
Food & Staples Retailing		0.5			264,663
Household Durables		0.5			250,734
Personal Products		0.4			234,693
Pharmaceuticals		0.3			162,392
Tobacco		0.3			149,675
Money Market Fund		0.2			91,210
Investments		99.1			54,687,248
Short-Term Investments		0.9			515,003
Total Investments		100.0	%	$	55,202,251

INVESTMENT 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	$	23,720,603		$	30,383,226	$	—	$	54,103,829
Preferred Stocks		—			492,209		—		492,209
Short-Term Investment Company		91,210			—		—		91,210
Other Investment Company		515,003			—		—		515,003
Total Investments	$	24,326,816		$	30,875,435	$	—	$	55,202,251
LIABILITIES
Other Financial Instruments
Futures Contracts (F)	$	(715	)	$	—	$	—	$	(715	)
Total Other Financial Instruments	$	(715	)	$	—	$	—	$	(715	)

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 $1,037,685, collateralized by cash collateral of $515,003 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $557,886. 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)	Securities are exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2021, the total value of 144A securities is $6,094,178, representing 11.1% of the Fund’s net assets.

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    27

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

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):

(D)	Rates disclosed reflect the yields at June 30, 2021.
(E)	There were no transfers in or out of Level 3 during the six-month period ended June 30, 2021. Please reference the Investment Valuation section of the Notes to Financial Statements for more information regarding investment valuation and pricing inputs.
(F)	Derivative instruments are valued at unrealized appreciation (depreciation).

PORTFOLIO ABBREVIATIONS:

ADR	American Depositary Receipt
GDR	Global Depositary Receipt
NVDR	Non-Voting Depository Receipt

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    28

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS - 98.6%
Australia - 7.4%
Afterpay Ltd. (A)		2,471		$219,218
AGL Energy Ltd.		6,486		39,929
Alumina Ltd.		24,468		30,218
AMP Ltd. (B)		35,777		30,217
Ampol Ltd.		2,481		52,544
APA Group (B)		12,283		82,071
Aristocrat Leisure Ltd. (B)		6,648		215,062
ASX Ltd. (B)		2,015		117,557
Atlas Arteria Ltd.		9,984		47,746
Atlassian Corp. PLC, Class A (A)		1,408		361,659
Aurizon Holdings Ltd.		19,163		53,518
AusNet Services Ltd. (B)		19,391		25,476
Australia & New Zealand Banking Group Ltd.		29,623		626,041
Bendigo & Adelaide Bank Ltd.		5,689		44,803
BHP Group Ltd.		30,668		1,118,276
BHP Group PLC		21,988		646,994
BlueScope Steel Ltd.		5,245		86,472
Boral Ltd. (A)		10,642		58,723
Brambles Ltd.		15,045		129,215
CIMIC Group Ltd. (B)		745		11,063
Cochlear Ltd. (B)		684		129,236
Coles Group Ltd.		13,887		178,175
Commonwealth Bank of Australia		18,469		1,384,758
Computershare Ltd.		5,908		74,959
Crown Resorts Ltd. (A) (B)		3,736		33,405
CSL Ltd.		4,738		1,014,436
Dexus, REIT		11,197		89,694
Domino’s Pizza Enterprises Ltd.		658		59,531
Endeavour Group Ltd. (A) (B)		13,197		62,319
Evolution Mining Ltd.		17,788		60,095
Fortescue Metals Group Ltd.		17,309		303,297
Goodman Group, REIT		17,502		278,166
GPT Group, REIT		20,057		73,783
Harvey Norman Holdings Ltd. (B)		7,134		29,350
Incitec Pivot Ltd.		20,219		36,127
Insurance Australia Group Ltd. (B)		25,663		99,415
Lendlease Corp. Ltd.		7,168		61,671
Macquarie Group Ltd.		3,541		415,854
Magellan Financial Group Ltd. (B)		1,492		60,330
Medibank Pvt Ltd.		28,670		68,016
Mirvac Group, REIT		40,992		89,862
National Australia Bank Ltd.		34,340		675,972
Newcrest Mining Ltd.		8,508		161,473
Northern Star Resources Ltd.		12,112		88,930
Oil Search Ltd. (B)		19,252		55,068
Orica Ltd. (B)		4,236		42,233
Origin Energy Ltd.		18,335		62,080
Qantas Airways Ltd. (A)		9,621		33,659
QBE Insurance Group Ltd.		15,357		124,401
Ramsay Health Care Ltd. (B)		1,930		91,211
REA Group Ltd. (B)		523		66,368
Rio Tinto Ltd.		3,865		367,465
Santos Ltd.		19,517		103,885
Scentre Group, REIT		54,034		111,151
SEEK Ltd.		3,675		91,433
Seven Group Holdings Ltd. (B)		1,619		24,735
Sonic Healthcare Ltd.		4,975		143,423
South32 Ltd.		49,125		108,060

	Shares		Value
COMMON STOCKS (continued)
Australia (continued)
Stockland, REIT		24,852		$ 86,945
Suncorp Group Ltd.		13,356		111,400
Sydney Airport (A) (B)		13,766		59,839
Tabcorp Holdings Ltd.		23,128		89,942
Telstra Corp. Ltd.		43,335		122,327
TPG Telecom Ltd.		3,871		18,192
Transurban Group (B)		28,505		304,524
Treasury Wine Estates Ltd.		7,515		65,897
Vicinity Centres, REIT (B)		40,283		46,725
Washington H Soul Pattinson & Co. Ltd. (B)		1,296		32,818
Wesfarmers Ltd.		11,804		523,736
Westpac Banking Corp.		38,192		740,041
WiseTech Global Ltd.		1,624		38,930
Woodside Petroleum Ltd.		10,031		167,258
Woolworths Group Ltd.		13,197		377,779
Worley Ltd.		3,315		29,765
				13,766,946
Austria - 0.4%
ams AG (A)		2,855		57,326
Andritz AG (B)		747		41,972
BAWAG Group AG (C)		724		38,534
CA Immobilien Anlagen AG		731		30,471
Erste Group Bank AG		3,087		113,268
EVN AG		393		9,265
Flughafen Wien AG (A)		96		3,330
Immofinanz AG (A)		1,001		22,495
Mayr Melnhof Karton AG		90		19,169
Oesterreichische Post AG		331		17,605
OMV AG		1,499		85,275
Raiffeisen Bank International AG		1,404		31,802
Strabag SE		149		6,388
Telekom Austria AG (A)		1,453		12,406
UNIQA Insurance Group AG		1,190		10,358
Verbund AG		709		65,288
Vienna Insurance Group AG Wiener Versicherung Gruppe		373		10,240
voestalpine AG		1,152		46,914
Wienerberger AG		1,199		46,212
				668,318
Belgium - 1.0%
Ackermans & van Haaren NV		234		39,516
Ageas SA		1,924		106,782
Anheuser-Busch InBev SA		8,814		635,618
Elia Group SA (B)		350		36,941
Etablissements Franz Colruyt NV		652		36,464
Galapagos NV (A) (B)		498		34,537
Groupe Bruxelles Lambert SA		1,226		137,162
KBC Group NV		3,514		267,955
Proximus SADP		1,619		31,276
Sofina SA		164		70,755
Solvay SA		761		96,745
Telenet Group Holding NV		497		18,707
UCB SA		1,316		137,587
Umicore SA		2,078		126,912
Warehouses de Pauw CVA, REIT		1,420		54,224
				1,831,181

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    29

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Chile - 0.0% (D)
Antofagasta PLC		3,592		$ 71,232
China - 0.2%
China Evergrande New Energy Vehicle Group Ltd. (A) (B)		25,500		94,896
ENN Energy Holdings Ltd.		7,900		150,353
Fosun International Ltd.		25,500		36,711
				281,960
Czech Republic - 0.0% (D)
Avast PLC (C)		7,932		53,671
Denmark - 2.3%
AP Moller - Maersk A/S, Class A		33		91,676
AP Moller - Maersk A/S, Class B		66		189,720
Carlsberg A/S, Class B		1,034		192,766
Chr Hansen Holding A/S		1,071		96,672
Coloplast A/S, Class B		1,237		202,992
Danske Bank A/S		7,091		124,788
Demant A/S (A)		1,075		60,517
DSV Panalpina A/S		2,075		483,959
Genmab A/S (A)		683		279,494
GN Store Nord A/S		1,438		125,625
H. Lundbeck A/S		643		20,457
Novo Nordisk A/S, Class B		16,977		1,422,477
Novozymes A/S, B Shares		2,162		162,981
Orsted A/S (C)		1,882		264,117
ROCKWOOL International A/S, B Shares		73		35,542
Tryg A/S		3,203		78,638
Vestas Wind Systems A/S		10,513		410,424
				4,242,845
Finland - 1.3%
Elisa OYJ		1,568		93,569
Fortum OYJ		4,531		124,983
Huhtamaki OYJ		998		47,282
Kesko OYJ, B Shares (B)		2,843		105,023
Kojamo OYJ		1,415		32,336
Kone OYJ, Class B		4,199		342,596
Metso Outotec OYJ		7,335		85,211
Neste OYJ		4,484		274,600
Nokia OYJ (A)		59,084		316,391
Nordea Bank Abp		35,416		394,489
Orion OYJ, Class B (B)		1,104		47,460
Sampo OYJ, A Shares		5,250		241,319
Stora Enso OYJ, R Shares		6,375		116,312
UPM-Kymmene OYJ		5,556		210,185
Wartsila OYJ Abp		5,051		74,965
				2,506,721
France - 9.5%
Aeroports de Paris (A) (B)		278		36,215
Air Liquide SA		4,932		863,643
Airbus SE (A)		6,383		820,848
Amundi SA (C)		633		55,813
AXA SA		21,656		549,207
BioMerieux		431		50,090
BNP Paribas SA		11,970		750,502
Bollore SA		9,508		50,965
Bouygues SA		2,339		86,515
Bureau Veritas SA (A)		3,014		95,362

	Shares		Value
COMMON STOCKS (continued)
France (continued)
Capgemini SE (B)		1,669		$ 320,641
Carrefour SA		6,043		118,855
Christian Dior SE		38		30,599
Cie de Saint-Gobain		5,545		365,221
Cie Generale des Etablissements Michelin SCA		1,857		296,198
Credit Agricole SA		13,360		187,177
Danone SA		7,148		503,269
Dassault Systemes SE		1,437		348,496
Electricite de France SA		4,195		57,310
Engie SA		18,507		253,581
EssilorLuxottica SA		3,108		573,655
Hermes International		363		528,847
Kering SA		768		671,239
L’Oreal SA		2,510		1,118,610
Legrand SA		2,784		294,696
LVMH Moet Hennessy Louis Vuitton SE		2,785		2,184,097
Orange SA		21,323		243,134
Pernod Ricard SA		2,099		465,979
Safran SA		3,647		505,677
Sanofi		11,944		1,251,566
Sartorius Stedim Biotech		250		118,264
Schneider Electric SE		5,608		882,392
Societe Generale SA		8,262		243,576
Sodexo SA (A)		875		81,664
Teleperformance		611		248,026
Thales SA		1,111		113,361
TotalEnergies SE (B)		26,009		1,176,856
Veolia Environnement SA		5,672		171,322
Vinci SA		5,111		545,442
Vivendi SE (B)		9,013		302,806
Worldline SA (A) (C)		2,357		220,651
				17,782,367
Germany - 7.6%
adidas AG		1,920		714,728
Allianz SE		4,292		1,070,403
Auto1 Group SE (A) (C)		498		21,881
BASF SE		9,562		753,402
Bayer AG		10,227		621,085
Bayerische Motoren Werke AG		3,322		351,842
Beiersdorf AG		1,023		123,441
BioNTech SE, ADR (A)		101		22,612
Continental AG (A)		1,124		165,259
CureVac NV (A) (B)		155		11,389
Daimler AG		8,687		775,734
Delivery Hero SE (A) (C)		1,944		256,821
Deutsche Bank AG (A)		21,516		280,317
Deutsche Boerse AG		1,978		345,289
Deutsche Post AG		10,190		693,157
Deutsche Telekom AG		33,707		712,002
Deutsche Wohnen SE		3,746		229,138
E.ON SE		23,373		270,362
Evonik Industries AG		1,989		66,706
Fresenius Medical Care AG & Co. KGaA		2,104		174,759
Fresenius SE & Co. KGaA		4,295		224,086
Hannover Rueck SE		628		105,084
HeidelbergCement AG		1,529		131,170
Henkel AG & Co. KGaA		1,028		94,664
Infineon Technologies AG		13,595		545,257

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    30

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Germany (continued)
Knorr-Bremse AG		688		$ 79,142
Merck KGaA		1,345		257,917
MTU Aero Engines AG		556		137,740
Muenchener Rueckversicherungs-Gesellschaft AG		1,458		399,323
Puma SE		1,068		127,351
RWE AG		7,040		255,138
SAP SE		11,382		1,604,093
Sartorius AG		8		4,008
Siemens AG		8,406		1,332,015
Siemens Healthineers AG (C)		2,936		179,940
Symrise AG		1,339		186,581
Talanx AG (A)		553		22,612
TeamViewer AG (A) (C)		1,654		62,218
Traton SE		521		16,521
Uniper SE		1,029		37,902
Volkswagen AG		307		100,775
Vonovia SE		5,891		380,884
Zalando SE (A) (C)		1,766		213,514
				14,158,262
Hong Kong - 2.9%
AIA Group Ltd.		126,000		1,565,701
Alibaba Health Information Technology Ltd. (A)		44,000		97,566
Bank of East Asia Ltd.		16,400		30,452
BOC Hong Kong Holdings Ltd.		37,500		127,240
Budweiser Brewing Co. APAC Ltd. (B) (C)		17,900		56,472
Chow Tai Fook Jewellery Group Ltd. (B)		23,000		52,540
CK Asset Holdings Ltd.		20,500		141,491
CK Hutchison Holdings Ltd.		28,000		218,134
CK Infrastructure Holdings Ltd.		6,500		38,753
CLP Holdings Ltd.		17,000		168,121
Galaxy Entertainment Group Ltd. (A)		22,000		176,066
Hang Lung Properties Ltd.		19,000		46,143
Hang Seng Bank Ltd.		7,600		151,788
Henderson Land Development Co. Ltd.		14,000		66,342
HK Electric Investments & HK Electric Investments Ltd.		24,000		24,322
HKT Trust & HKT Ltd.		38,000		51,770
Hong Kong & China Gas Co. Ltd.		116,550		180,997
Hong Kong Exchanges & Clearing Ltd.		12,400		738,969
Hongkong Land Holdings Ltd.		12,100		57,596
Jardine Matheson Holdings Ltd.		2,700		172,584
Link, REIT (B)		21,700		210,270
Melco Resorts & Entertainment Ltd., ADR (A)		2,185		36,205
MTR Corp. Ltd.		16,000		89,108
New World Development Co. Ltd.		15,000		77,937
Power Assets Holdings Ltd.		14,000		85,902
Sino Land Co. Ltd.		34,000		53,588
Sun Hung Kai Properties Ltd.		16,000		238,377
Swire Properties Ltd.		11,000		32,791
Techtronic Industries Co. Ltd.		18,000		314,299
Wharf Holdings Ltd.		16,000		60,985
Wharf Real Estate Investment Co. Ltd.		18,000		104,650
				5,467,159
Ireland - 1.1%
CRH PLC		8,173		411,926
DCC PLC		1,055		86,251

	Shares		Value
COMMON STOCKS (continued)
Ireland (continued)
Experian PLC		9,588		$ 369,015
Flutter Entertainment PLC (A)		1,587		287,385
ICON PLC (A) (B)		550		113,690
James Hardie Industries PLC, CDI		4,625		157,187
Kerry Group PLC, Class A		1,601		223,658
Kingspan Group PLC		1,608		151,868
Ryanair Holdings PLC, ADR (A)		1,174		127,039
Smurfit Kappa Group PLC		2,697		146,326
				2,074,345
Israel - 0.9%
Airport City Ltd. (A)		674		11,306
Alony Hetz Properties & Investments Ltd.		1,528		21,289
Amot Investments Ltd.		1,916		12,571
Azrieli Group Ltd.		379		26,693
Bank Hapoalim BM (A)		11,636		93,417
Bank Leumi Le-Israel BM (A)		15,264		115,985
Bezeq The Israeli Telecommunication Corp. Ltd. (A)		21,259		23,161
Check Point Software Technologies Ltd. (A)		1,113		129,253
Compugen Ltd. (A) (B)		871		7,212
CyberArk Software Ltd. (A)		414		53,932
Elbit Systems Ltd.		258		33,413
Electra Ltd.		20		11,349
Energix-Renewable Energies Ltd.		2,313		8,880
Enlight Renewable Energy Ltd. (A)		9,553		20,507
Fattal Holdings 1998 Ltd. (A)		58		5,516
First International Bank of Israel Ltd. (A)		543		17,397
Fiverr International Ltd. (A)		179		43,406
Formula Systems 1985 Ltd.		99		8,887
Gav-Yam Lands Corp. Ltd.		1,557		14,913
Harel Insurance Investments & Financial Services Ltd.		1,202		11,915
ICL Group Ltd.		7,169		48,644
Inmode Ltd. (A)		183		17,326
Isracard Ltd. (A)		1		2
Israel Corp. Ltd. (A)		42		12,730
Israel Discount Bank Ltd., A Shares (A)		12,118		57,717
JFrog Ltd. (A)		127		5,781
Kornit Digital Ltd. (A)		480		59,678
Matrix IT Ltd.		330		8,924
Maytronics Ltd.		454		9,462
Melisron Ltd. (A)		217		14,851
Mivne Real Estate KD Ltd.		6,305		18,285
Mizrahi Tefahot Bank Ltd. (A)		1,434		44,184
Nano-X Imaging Ltd. (A) (B)		139		4,455
Nice Ltd. (A)		657		160,535
Nova Measuring Instruments Ltd. (A)		272		27,939
OPC Energy Ltd. (A)		786		7,676
Paz Oil Co. Ltd.		99		12,159
Phoenix Holdings Ltd.		1,501		14,036
Plus500 Ltd.		1,112		20,508
Sapiens International Corp. NV		296		7,939
Shapir Engineering & Industry Ltd.		1,476		11,256
Shikun & Binui Ltd. (A)		2,368		15,319
Shufersal Ltd.		2,110		16,797
Strauss Group Ltd.		518		14,506
Taro Pharmaceutical Industries Ltd. (A)		92		6,620
Teva Pharmaceutical Industries Ltd., ADR (A)		11,341		112,276

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    31

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Israel (continued)
Tower Semiconductor Ltd. (A)		1,111		$ 32,807
Wix.com Ltd. (A)		583		169,233
ZIM Integrated Shipping Services Ltd. (A)		215		9,660
				1,612,307
Italy - 2.1%
A2A SpA		16,307		33,340
Amplifon SpA		872		43,060
Assicurazioni Generali SpA		12,839		257,392
Atlantia SpA (A)		5,244		94,962
Banca Mediolanum SpA		2,547		24,780
Davide Campari-Milano NV		4,353		58,307
DiaSorin SpA		204		38,587
Enel SpA		80,438		747,106
Eni SpA		26,275		320,008
Ferrari NV		1,332		274,854
FinecoBank Banca Fineco SpA (A)		6,349		110,680
Hera SpA		8,219		33,958
Infrastrutture Wireless Italiane SpA (C)		3,399		38,342
Intesa Sanpaolo SpA		182,052		502,929
Leonardo SpA (A)		4,213		34,034
Mediobanca Banca di Credito Finanziario SpA (A)		7,667		89,559
Moncler SpA		2,194		148,462
Nexi SpA (A) (C)		3,725		81,768
Pirelli & C SpA (C)		4,581		26,598
Poste Italiane SpA (C)		4,759		62,927
Prada SpA		5,300		40,232
Prysmian SpA		2,791		100,057
Recordati Industria Chimica e Farmaceutica SpA (B)		1,045		59,733
Snam SpA (B)		22,042		127,431
Telecom Italia SpA		184,038		93,502
Terna SpA		14,647		109,152
UniCredit SpA		22,189		261,824
UnipolSai Assicurazioni SpA (B)		4,713		13,682
				3,827,266
Japan - 25.7%
ABC-Mart, Inc.		300		17,218
Acom Co. Ltd.		4,800		20,932
Activia Properties, Inc., REIT (B)		7		33,174
Advance Residence Investment Corp., REIT		14		46,671
Advantest Corp.		2,100		189,395
Aeon Co. Ltd.		9,100		244,738
Aeon Mall Co. Ltd.		1,000		15,416
AGC, Inc. (B)		2,400		100,766
Air Water, Inc. (B)		2,400		36,933
Aisin Corp.		1,900		81,314
Ajinomoto Co., Inc.		5,700		148,111
Alfresa Holdings Corp.		2,200		32,884
Alps Alpine Co. Ltd.		2,100		22,194
Amada Co. Ltd.		3,700		37,437
ANA Holdings, Inc. (A)		1,700		40,007
Aozora Bank Ltd. (B)		1,200		26,867
Asahi Group Holdings Ltd. (B)		5,000		233,850
Asahi Intecc Co. Ltd. (B)		2,400		57,432
Asahi Kasei Corp.		14,500		159,449
Asics Corp. (B)		2,000		50,671
Astellas Pharma, Inc.		19,400		338,132

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Azbil Corp.		1,400		$ 58,086
Bandai Namco Holdings, Inc.		2,300		159,730
Bank of Kyoto Ltd.		800		36,328
Benefit One, Inc.		800		25,191
Benesse Holdings, Inc.		800		19,915
Bridgestone Corp. (B)		6,400		291,486
Brother Industries Ltd.		2,700		53,932
Calbee, Inc.		1,200		27,700
Canon Marketing Japan, Inc. (B)		600		13,963
Canon, Inc. (B)		11,100		251,323
Capcom Co. Ltd.		1,700		49,779
Casio Computer Co. Ltd.		2,400		40,155
Central Japan Railway Co.		2,100		318,812
Chiba Bank Ltd.		7,700		46,412
Chubu Electric Power Co., Inc.		7,500		91,765
Chugai Pharmaceutical Co. Ltd. (B)		6,600		261,764
Chugoku Electric Power Co., Inc. (B)		3,400		31,062
Coca-Cola Bottlers Japan Holdings, Inc. (B)		1,600		25,026
COMSYS Holdings Corp.		1,300		36,017
Concordia Financial Group Ltd.		12,600		46,204
Cosmos Pharmaceutical Corp.		200		29,372
Credit Saison Co. Ltd.		1,600		19,519
CyberAgent, Inc.		4,300		92,400
Dai Nippon Printing Co. Ltd.		2,900		61,376
Dai-ichi Life Holdings, Inc.		11,900		218,079
Daicel Corp.		3,000		24,705
Daifuku Co. Ltd.		1,300		118,182
Daiichi Sankyo Co. Ltd.		19,100		412,064
Daikin Industries Ltd.		3,100		577,881
Daito Trust Construction Co. Ltd.		700		76,628
Daiwa House Industry Co. Ltd.		6,900		207,329
Daiwa House Investment Corp., REIT		21		61,965
Daiwa Office Investment Corp., REIT		3		20,894
Daiwa Securities Group, Inc.		15,700		86,301
DeNA Co. Ltd.		900		19,145
Denso Corp.		5,400		368,741
Dentsu Group, Inc. (B)		2,500		89,535
DIC Corp.		900		22,745
Disco Corp.		300		91,765
Dowa Holdings Co. Ltd.		600		23,651
East Japan Railway Co.		3,900		278,541
Ebara Corp.		900		44,355
Eisai Co. Ltd.		3,100		305,140
Electric Power Development Co. Ltd., Class C		1,800		25,705
ENEOS Holdings, Inc.		33,600		140,739
Ezaki Glico Co. Ltd.		600		22,380
Fancl Corp.		800		25,948
FANUC Corp.		2,000		482,836
Fast Retailing Co. Ltd.		700		527,444
FP Corp.		500		18,583
Fuji Electric Co. Ltd.		1,600		74,818
Fuji Media Holdings, Inc.		500		5,559
FUJIFILM Holdings Corp.		4,200		311,774
Fujitsu Ltd.		1,900		356,068
Fukuoka Financial Group, Inc. (B)		2,000		34,940
GLP J-REIT		45		77,683
GMO internet, Inc. (B)		700		19,110
GMO Payment Gateway, Inc.		400		52,149

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    32

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Goldwin, Inc.		400		$ 23,534
GungHo Online Entertainment, Inc.		500		9,960
Hachijuni Bank Ltd.		5,300		17,095
Hakuhodo DY Holdings, Inc. (B)		3,200		49,705
Hamamatsu Photonics KK		1,500		90,549
Hankyu Hanshin Holdings, Inc.		2,600		80,232
Harmonic Drive Systems, Inc. (B)		400		22,056
Haseko Corp.		2,600		35,654
Hikari Tsushin, Inc. (B)		200		35,156
Hino Motors Ltd.		3,000		26,408
Hirose Electric Co. Ltd.		300		43,923
Hisamitsu Pharmaceutical Co., Inc.		900		44,355
Hitachi Construction Machinery Co. Ltd.		1,100		33,647
Hitachi Ltd.		10,100		578,846
Hitachi Metals Ltd. (A) (B)		2,100		40,187
Hitachi Transport System Ltd.		500		20,745
Honda Motor Co. Ltd.		17,900		572,529
Hoshizaki Corp.		600		51,032
House Foods Group, Inc.		800		24,471
Hoya Corp.		3,800		504,316
Hulic Co. Ltd. (B)		5,200		58,564
Ibiden Co. Ltd.		1,400		75,556
Idemitsu Kosan Co. Ltd.		2,600		62,851
IHI Corp. (A)		1,600		38,000
Iida Group Holdings Co. Ltd.		1,900		48,959
Industrial & Infrastructure Fund Investment Corp., REIT		22		42,002
Inpex Corp. (B)		11,300		84,401
Isetan Mitsukoshi Holdings Ltd.		4,100		28,592
Isuzu Motors Ltd.		6,500		85,913
Ito En Ltd.		700		41,562
ITOCHU Corp.		14,700		423,822
Itochu Techno-Solutions Corp.		1,000		30,994
Izumi Co. Ltd.		500		18,831
Japan Airlines Co. Ltd. (A)		1,500		32,449
Japan Airport Terminal Co. Ltd. (A) (B)		900		40,463
Japan Exchange Group, Inc.		5,600		124,624
Japan Metropolitan Fund Investment Corp., REIT		73		79,189
Japan Post Bank Co. Ltd.		4,200		35,306
Japan Post Holdings Co. Ltd.		15,500		127,125
Japan Post Insurance Co. Ltd.		2,100		38,863
Japan Prime Realty Investment Corp., REIT (B)		10		39,193
Japan Real Estate Investment Corp., REIT		14		86,152
Japan Tobacco, Inc. (B)		11,500		217,432
JCR Pharmaceuticals Co. Ltd.		700		23,588
JFE Holdings, Inc.		6,000		70,331
JGC Holdings Corp.		2,700		25,178
JSR Corp.		2,200		66,601
JTEKT Corp.		2,600		26,682
Justsystems Corp.		300		17,677
K’s Holdings Corp.		1,900		21,861
Kagome Co. Ltd. (B)		900		23,767
Kajima Corp.		5,200		65,919
Kakaku.com, Inc.		1,400		42,319
Kaken Pharmaceutical Co. Ltd.		400		17,155
Kamigumi Co. Ltd.		1,100		22,329
Kansai Electric Power Co., Inc.		8,600		82,095
Kansai Paint Co. Ltd.		2,700		68,868

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Kao Corp. (B)		5,000		$ 307,911
Kawasaki Heavy Industries Ltd. (A)		1,700		36,377
KDDI Corp.		17,000		530,723
Keihan Holdings Co. Ltd. (B)		1,100		33,300
Keikyu Corp. (B)		2,900		35,482
Keio Corp.		1,300		76,484
Keisei Electric Railway Co. Ltd.		1,800		57,492
Kenedix Office Investment Corp., REIT		4		28,219
Kewpie Corp.		1,200		26,954
Keyence Corp.		1,900		959,843
Kikkoman Corp.		2,000		132,084
Kinden Corp.		1,300		21,247
Kintetsu Group Holdings Co. Ltd. (A)		2,000		70,277
Kirin Holdings Co. Ltd. (B)		9,000		175,637
Kobayashi Pharmaceutical Co. Ltd. (B)		600		51,302
Kobe Bussan Co. Ltd.		1,300		40,995
Koei Tecmo Holdings Co. Ltd.		650		31,742
Koito Manufacturing Co. Ltd.		1,300		80,935
Komatsu Ltd.		10,100		251,203
Konami Holdings Corp.		1,000		60,095
Kose Corp. (B)		400		62,997
Kubota Corp. (B)		12,000		242,941
Kuraray Co. Ltd. (B)		3,700		35,570
Kurita Water Industries Ltd.		1,100		52,825
Kyocera Corp.		3,700		228,954
Kyowa Exeo Corp.		1,200		29,570
Kyowa Kirin Co. Ltd. (B)		2,600		92,297
Kyushu Electric Power Co., Inc.		4,900		37,747
Kyushu Railway Co. (B)		1,600		36,126
Lasertec Corp.		800		155,618
Lawson, Inc.		500		23,155
Lion Corp. (B)		3,100		52,565
Lixil Corp.		3,000		77,656
M3, Inc.		4,500		328,935
Mabuchi Motor Co. Ltd. (B)		600		22,705
Makita Corp.		2,900		136,652
Marubeni Corp.		17,200		149,715
Marui Group Co. Ltd.		2,300		43,269
Maruichi Steel Tube Ltd.		800		18,805
Matsumotokiyoshi Holdings Co. Ltd.		1,000		44,193
Mazda Motor Corp. (A)		6,200		58,319
McDonald’s Holdings Co. Japan Ltd. (B)		700		30,904
Mebuki Financial Group, Inc.		12,300		25,932
Medipal Holdings Corp.		2,200		42,061
MEIJI Holdings Co. Ltd.		1,500		89,873
Mercari, Inc. (A) (B)		1,100		58,474
Minebea Mitsumi, Inc.		4,400		116,511
MISUMI Group, Inc.		3,000		101,631
Mitsubishi Chemical Holdings Corp.		14,700		123,637
Mitsubishi Corp.		14,700		401,042
Mitsubishi Electric Corp.		22,400		325,435
Mitsubishi Estate Co. Ltd.		14,500		234,699
Mitsubishi Gas Chemical Co., Inc.		2,200		46,700
Mitsubishi HC Capital, Inc.		7,950		42,619
Mitsubishi Heavy Industries Ltd.		3,500		103,086
Mitsubishi Logistics Corp.		800		23,714
Mitsubishi Materials Corp.		1,400		27,939
Mitsubishi Motors Corp. (A)		7,100		19,959

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    33

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Mitsubishi UFJ Financial Group, Inc.		134,300		$ 726,132
Mitsui & Co. Ltd.		16,700		376,235
Mitsui Chemicals, Inc.		2,100		72,561
Mitsui Fudosan Co. Ltd.		10,000		231,823
Mitsui O.S.K. Lines Ltd.		1,300		62,546
Miura Co. Ltd.		1,200		52,059
Mizuho Financial Group, Inc.		26,400		377,602
MonotaRO Co. Ltd.		2,600		61,609
Morinaga & Co. Ltd.		500		15,992
MS&AD Insurance Group Holdings, Inc.		5,000		144,517
Murata Manufacturing Co. Ltd.		6,700		512,023
Nabtesco Corp. (B)		1,300		49,194
Nagoya Railroad Co. Ltd. (A)		2,000		37,229
Nankai Electric Railway Co. Ltd.		1,200		25,656
NEC Corp.		2,800		144,301
NET One Systems Co. Ltd.		900		29,719
Nexon Co. Ltd.		4,700		104,849
NGK Insulators Ltd.		2,900		48,703
NGK Spark Plug Co. Ltd. (B)		1,800		26,694
NH Foods Ltd.		1,100		42,815
Nichirei Corp.		1,400		36,819
Nidec Corp.		5,700		661,208
Nifco, Inc.		900		34,017
Nihon M&A Center, Inc. (B)		3,000		77,872
Nihon Unisys Ltd.		800		24,074
Nikon Corp.		3,600		38,436
Nintendo Co. Ltd.		1,200		698,658
Nippo Corp.		500		14,258
Nippon Building Fund, Inc., REIT (B)		17		106,145
Nippon Express Co. Ltd.		900		68,601
Nippon Paint Holdings Co. Ltd. (B)		15,100		205,161
Nippon Prologis, Inc., REIT		27		85,994
Nippon Sanso Holdings Corp. (B)		2,200		45,134
Nippon Shinyaku Co. Ltd.		600		47,626
Nippon Shokubai Co. Ltd.		400		19,245
Nippon Steel Corp.		9,900		167,111
Nippon Telegraph & Telephone Corp.		13,400		349,458
Nippon Television Holdings, Inc.		500		5,798
Nippon Yusen KK		1,800		91,305
Nissan Chemical Corp.		1,500		73,520
Nissan Motor Co. Ltd. (A)		25,000		124,178
Nisshin Seifun Group, Inc.		2,700		39,531
Nissin Foods Holdings Co. Ltd.		900		64,871
Nitori Holdings Co. Ltd.		900		159,420
Nitto Denko Corp.		1,600		119,506
NOF Corp.		900		46,950
NOK Corp.		1,300		16,140
Nomura Holdings, Inc.		29,300		149,892
Nomura Real Estate Holdings, Inc.		1,200		30,468
Nomura Real Estate Master Fund, Inc., REIT		49		78,628
Nomura Research Institute Ltd.		3,900		129,133
NS Solutions Corp.		300		9,677
NSK Ltd.		5,100		43,147
NTT Data Corp.		6,700		104,614
Obayashi Corp.		7,500		59,668
OBIC Business Consultants Co. Ltd.		200		11,569
OBIC Co. Ltd.		700		130,615
Odakyu Electric Railway Co. Ltd. (B)		3,600		91,014

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Oji Holdings Corp.		10,600		$ 60,932
Olympus Corp.		13,400		266,575
Omron Corp.		2,100		166,691
Ono Pharmaceutical Co. Ltd.		5,200		116,144
Open House Co. Ltd.		800		37,625
Oracle Corp.		300		22,975
Oriental Land Co. Ltd.		2,300		328,039
ORIX Corp.		13,400		226,311
ORIX, Inc., REIT		29		55,863
Osaka Gas Co. Ltd.		4,300		80,158
Otsuka Corp.		1,100		57,780
Otsuka Holdings Co. Ltd. (B)		5,800		240,748
PALTAC Corp.		300		15,569
Pan Pacific International Holdings Corp. (B)		6,300		130,893
Panasonic Corp.		24,300		281,446
Park24 Co. Ltd. (A)		1,200		21,818
PeptiDream, Inc. (A)		1,000		49,103
Persol Holdings Co. Ltd.		2,000		39,553
Pigeon Corp. (B)		1,300		36,661
Pola Orbis Holdings, Inc. (B)		900		23,791
Rakuten Group, Inc. (B)		9,400		106,204
Recruit Holdings Co. Ltd.		17,700		872,322
Relo Group, Inc.		1,200		27,462
Renesas Electronics Corp. (A)		14,400		155,819
Resona Holdings, Inc.		24,800		95,455
Ricoh Co. Ltd.		7,100		79,770
Rinnai Corp.		400		38,093
Rohm Co. Ltd.		900		83,278
Rohto Pharmaceutical Co. Ltd.		1,200		32,273
Ryohin Keikaku Co. Ltd.		2,700		56,681
Sankyu, Inc.		600		26,029
Santen Pharmaceutical Co. Ltd.		4,200		57,897
SBI Holdings, Inc.		2,500		59,194
Screen Holdings Co. Ltd.		500		49,464
SCSK Corp.		500		29,822
Secom Co. Ltd.		2,200		167,374
Sega Sammy Holdings, Inc.		1,800		23,645
Seibu Holdings, Inc. (A) (B)		2,800		32,846
Seiko Epson Corp.		3,400		59,858
Seino Holdings Co. Ltd.		1,800		23,094
Sekisui Chemical Co. Ltd.		4,700		80,415
Sekisui House Ltd.		6,800		139,596
Sekisui House, Inc., REIT (B)		45		37,301
Seria Co. Ltd.		500		18,448
Seven & i Holdings Co. Ltd.		8,300		396,118
Seven Bank Ltd.		7,600		16,160
SG Holdings Co. Ltd.		5,300		139,102
Sharp Corp. (B)		2,500		41,287
Shimadzu Corp.		2,900		112,222
Shimamura Co. Ltd.		300		28,813
Shimano, Inc. (B)		900		213,668
Shimizu Corp.		7,300		56,037
Shin-Etsu Chemical Co. Ltd.		4,100		686,350
Shinsei Bank Ltd.		1,700		22,316
Shionogi & Co. Ltd. (B)		2,900		151,310
Shiseido Co. Ltd. (B)		4,200		309,201
Shizuoka Bank Ltd. (B)		5,900		45,663
Showa Denko KK		1,600		47,572

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    34

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Skylark Holdings Co. Ltd. (A) (B)		2,300		$ 31,975
SMC Corp.		700		414,046
SoftBank Corp.		16,400		214,771
SoftBank Group Corp.		13,100		917,673
Sohgo Security Services Co. Ltd.		900		41,031
Sojitz Corp.		11,500		34,710
Sompo Holdings, Inc.		3,900		144,278
Sony Group Corp.		13,100		1,276,480
Sotetsu Holdings, Inc.		1,000		19,722
Square Enix Holdings Co. Ltd.		900		44,680
Stanley Electric Co. Ltd.		1,600		46,346
Subaru Corp.		6,400		126,368
Sugi Holdings Co. Ltd.		400		29,192
Sumco Corp. (B)		2,600		63,835
Sumitomo Chemical Co. Ltd.		17,200		91,277
Sumitomo Corp.		12,400		166,242
Sumitomo Dainippon Pharma Co. Ltd.		2,000		41,950
Sumitomo Electric Industries Ltd.		8,300		122,567
Sumitomo Heavy Industries Ltd.		1,300		35,841
Sumitomo Metal Mining Co. Ltd.		2,800		109,109
Sumitomo Mitsui Financial Group, Inc. (B)		14,300		493,459
Sumitomo Mitsui Trust Holdings, Inc.		3,900		123,968
Sumitomo Realty & Development Co. Ltd.		5,000		178,845
Sumitomo Rubber Industries Ltd. (B)		1,900		26,243
Sundrug Co. Ltd.		700		22,263
Suntory Beverage & Food Ltd. (B)		1,300		48,959
Suzuken Co. Ltd. (B)		800		23,462
Suzuki Motor Corp.		5,100		216,011
Sysmex Corp.		1,700		202,180
T&D Holdings, Inc.		6,300		81,510
Taiheiyo Cement Corp.		1,300		28,544
Taisei Corp.		2,200		72,151
Taisho Pharmaceutical Holdings Co. Ltd.		600		32,165
Taiyo Yuden Co. Ltd. (B)		1,400		69,249
Takara Bio, Inc.		500		13,357
Takeda Pharmaceutical Co. Ltd.		16,400		549,523
TBS Holdings, Inc.		400		6,148
TDK Corp.		1,300		158,005
Teijin Ltd.		2,100		32,033
Terumo Corp.		7,500		304,217
THK Co. Ltd. (B)		1,300		38,828
TIS, Inc.		2,400		61,346
Tobu Railway Co. Ltd.		2,200		56,928
Toho Co. Ltd.		1,500		61,897
Toho Gas Co. Ltd.		1,000		49,013
Tohoku Electric Power Co., Inc.		5,200		40,760
Tokai Carbon Co. Ltd. (B)		2,200		30,367
Tokio Marine Holdings, Inc.		7,300		335,962
Tokyo Century Corp.		600		32,273
Tokyo Electric Power Co. Holdings, Inc. (A)		8,400		24,975
Tokyo Electron Ltd.		1,600		693,107
Tokyo Gas Co. Ltd.		4,000		75,574
Tokyo Tatemono Co. Ltd. (B)		2,200		31,397
Tokyu Corp.		5,900		80,322
Tokyu Fudosan Holdings Corp.		6,300		37,917
Toppan, Inc.		3,600		57,897
Toray Industries, Inc.		17,000		113,206
Toshiba Corp. (B)		4,400		190,486

	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Tosoh Corp.		3,400		$ 58,694
TOTO Ltd.		1,700		88,071
Toyo Seikan Group Holdings Ltd.		1,700		23,235
Toyo Suisan Kaisha Ltd.		1,100		42,369
Toyoda Gosei Co. Ltd.		800		19,713
Toyota Boshoku Corp.		900		18,626
Toyota Industries Corp.		2,100		181,827
Toyota Motor Corp.		26,500		2,318,362
Toyota Tsusho Corp.		2,500		118,254
Trend Micro, Inc.		1,500		78,656
Tsumura & Co.		700		22,043
Tsuruha Holdings, Inc.		400		46,527
Ube Industries Ltd.		1,100		22,289
Unicharm Corp. (B)		4,600		185,260
United Urban Investment Corp., REIT		32		46,332
USS Co. Ltd.		2,300		40,160
Welcia Holdings Co. Ltd. (B)		1,100		35,976
West Japan Railway Co.		2,000		114,136
Workman Co. Ltd.		200		14,019
Yakult Honsha Co. Ltd.		1,700		96,342
Yamada Holdings Co. Ltd.		8,200		37,901
Yamaha Corp.		1,700		92,360
Yamaha Motor Co. Ltd. (B)		3,300		89,792
Yamato Holdings Co. Ltd.		3,800		108,190
Yamazaki Baking Co. Ltd. (B)		1,900		26,808
Yaskawa Electric Corp.		2,800		136,985
Yokogawa Electric Corp.		2,500		37,391
Yokohama Rubber Co. Ltd. (B)		1,400		30,008
Z Holdings Corp.		27,900		139,965
Zenkoku Hosho Co. Ltd.		500		21,511
Zensho Holdings Co. Ltd.		1,000		25,705
Zeon Corp.		2,000		27,696
ZOZO, Inc.		1,000		34,012
				48,061,444
Jordan - 0.0% (D)
Hikma Pharmaceuticals PLC		1,672		56,497
Luxembourg - 0.3%
ArcelorMittal SA		7,233		221,731
Ardagh Group SA		194		4,757
Aroundtown SA		12,481		97,392
Eurofins Scientific SE (A)		1,271		145,302
Millicom International Cellular SA, SDR (A)		971		38,467
RTL Group SA (A)		387		23,062
SES SA		3,992		30,497
Shurgard Self Storage SA		259		12,501
Tenaris SA		4,916		53,588
				627,297
Macau - 0.1%
Sands China Ltd. (A)		25,200		106,111
Wynn Macau Ltd. (A)		15,200		23,918
				130,029
Mexico - 0.0% (D)
Fresnillo PLC		1,918		20,444
Netherlands - 5.0%
Adyen NV (A) (B) (C)		317		774,605
Akzo Nobel NV		1,984		245,165
ASML Holding NV		4,367		3,000,613

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    35

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Netherlands (continued)
EXOR NV		1,179		$ 94,461
Heineken Holding NV (B)		1,049		105,679
Heineken NV (B)		2,459		298,028
ING Groep NV		40,643		536,932
JDE Peet’s NV (A) (B)		731		26,527
Koninklijke Ahold Delhaize NV		10,886		323,646
Koninklijke DSM NV		1,820		339,723
Koninklijke KPN NV		36,753		114,804
Koninklijke Philips NV		9,484		470,015
NN Group NV		3,309		156,102
Prosus NV		4,397		430,032
QIAGEN NV (A)		2,403		116,155
Royal Dutch Shell PLC, A Shares		42,696		853,357
Royal Dutch Shell PLC, B Shares		38,583		745,674
Stellantis NV		23,061		452,720
Wolters Kluwer NV		2,785		279,807
				9,364,045
New Zealand - 0.4%
a2 Milk Co. Ltd. (A) (B)		7,739		34,825
Auckland International Airport Ltd. (A)		12,571		63,860
Chorus Ltd.		4,654		20,813
Contact Energy Ltd.		8,080		46,748
Fisher & Paykel Healthcare Corp. Ltd.		6,001		130,492
Fletcher Building Ltd.		8,581		45,090
Genesis Energy Ltd.		5,323		12,646
Goodman Property Trust, REIT		11,442		18,429
Infratil Ltd.		7,526		40,493
Mercury NZ Ltd.		6,524		30,406
Meridian Energy Ltd.		13,070		48,677
Precinct Properties New Zealand Ltd.		12,750		14,254
Ryman Healthcare Ltd.		4,320		39,634
Spark New Zealand Ltd.		19,438		65,195
Trustpower Ltd.		717		4,053
Xero Ltd. (A)		1,263		129,998
				745,613
Norway - 0.9%
Adevinta ASA, B Shares (A)		2,424		46,479
Aker ASA, A Shares		248		18,301
Aker BP ASA		1,125		35,874
Austevoll Seafood ASA		929		11,530
DnB ASA		9,200		200,567
Elkem ASA (A) (C)		3,129		11,388
Entra ASA (C)		1,744		39,885
Equinor ASA		11,192		236,945
Gjensidige Forsikring ASA		1,978		43,628
Kahoot! ASA (A)		3,029		20,768
Kongsberg Gruppen ASA		937		24,129
Leroy Seafood Group ASA		2,915		25,569
LINK Mobility Group Holding ASA (A)		2,663		9,730
Mowi ASA		4,684		119,207
NEL ASA (A) (B)		8,496		19,825
Nordic Semiconductor ASA (A)		1,806		45,794
Norsk Hydro ASA		14,216		90,762
Norwegian Finans Holding ASA		1,750		19,716
Orkla ASA		8,445		86,067
Salmar ASA		566		37,570
Scatec ASA (C)		1,224		32,431

	Shares		Value
COMMON STOCKS (continued)
Norway (continued)
Schibsted ASA, B Shares		1,040		$ 43,339
Schibsted ASA, Class A		805		38,879
SpareBank 1 SR-Bank ASA		1,917		25,329
Storebrand ASA		4,870		44,143
Telenor ASA		6,702		113,008
TGS ASA		1,221		15,573
Tomra Systems ASA		1,217		67,177
Veidekke ASA		1,138		15,235
Yara International ASA		1,786		94,061
				1,632,909
Poland - 0.0% (D)
Allegro.eu SA (A) (C)		2,237		38,558
Portugal - 0.1%
EDP - Energias de Portugal SA		28,899		153,193
Galp Energia SGPS SA		4,737		51,412
Jeronimo Martins SGPS SA		2,555		46,601
Navigator Co. SA (B)		2,316		7,916
NOS SGPS SA		2,574		9,023
				268,145
Singapore - 1.7%
Ascendas, REIT		34,200		75,056
BOC Aviation Ltd. (C)		2,200		18,555
CapitaLand Integrated Commercial Trust, REIT		47,200		73,388
CapitaLand Ltd.		26,000		71,760
City Developments Ltd.		4,800		26,032
ComfortDelGro Corp. Ltd.		21,000		25,621
DBS Group Holdings Ltd.		18,600		412,488
Genting Singapore Ltd.		59,000		36,650
Jardine Cycle & Carriage Ltd.		1,000		15,890
Keppel Corp. Ltd.		15,000		61,040
Keppel, REIT		20,300		17,820
Mapletree Commercial Trust, REIT		22,800		36,637
Mapletree Industrial Trust, REIT		20,200		42,528
Mapletree Logistics Trust, REIT		30,300		46,210
Olam International Ltd. (B)		7,300		8,689
Oversea-Chinese Banking Corp. Ltd.		42,000		373,382
SATS Ltd. (A) (B)		7,000		20,466
Sea Ltd., ADR (A)		3,825		1,050,345
Sembcorp Industries Ltd.		9,300		14,806
Singapore Airlines Ltd. (A) (B)		13,600		49,070
Singapore Exchange Ltd.		8,600		71,528
Singapore Technologies Engineering Ltd.		15,600		44,913
Singapore Telecommunications Ltd.		72,200		123,001
Suntec, REIT		22,500		24,438
United Overseas Bank Ltd.		16,000		307,335
UOL Group Ltd.		4,900		26,611
Venture Corp. Ltd.		2,800		40,015
Wilmar International Ltd.		29,500		98,758
				3,213,032
Spain - 2.4%
ACS Actividades de Construccion y Servicios SA		2,814		75,386
Aena SME SA (A) (C)		765		125,468
Amadeus IT Group SA (A)		4,690		329,930
Banco Bilbao Vizcaya Argentaria SA (A)		69,416		430,371
Banco Santander SA (A)		180,524		689,242
CaixaBank SA (B)		45,314		139,396
Cellnex Telecom SA (B) (C)		5,658		360,452

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    36

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
Spain (continued)
EDP Renovaveis SA		2,800		$ 64,883
Endesa SA (B)		3,307		80,239
Ferrovial SA (B)		5,188		152,273
Grifols SA, ADR		2,722		47,227
Grifols SA (B)		3,061		82,910
Iberdrola SA		60,802		741,241
Industria de Diseno Textil SA		11,680		411,523
Naturgy Energy Group SA		3,533		90,835
Red Electrica Corp. SA (B)		4,506		83,655
Repsol SA (B)		14,629		183,096
Siemens Gamesa Renewable Energy SA (A) (B)		2,340		78,144
Telefonica SA		53,836		251,610
				4,417,881
Sweden - 4.0%
AAK AB		1,842		41,311
AddTech AB, B Shares		2,706		44,930
Akelius Residential Property AB, D Shares (B)		2,290		4,427
Alfa Laval AB		3,100		109,578
Assa Abloy AB, B Shares		10,325		311,242
Atlas Copco AB, A Shares		6,729		412,293
Atlas Copco AB, B Shares		4,062		213,736
Axfood AB		1,092		30,224
Beijer Ref AB		2,506		44,686
Boliden AB		2,847		109,524
Castellum AB		2,540		64,687
Electrolux AB, Series B		2,630		72,976
Elekta AB, B Shares		3,837		55,634
Embracer Group AB (A)		3,161		85,566
Epiroc AB, A Shares		6,518		148,619
Epiroc AB, B Shares		4,060		79,732
EQT AB		2,183		79,283
Essity AB, Class B		6,336		210,258
Evolution AB (C)		1,680		265,668
Fabege AB		2,824		45,338
Fastighets AB Balder, B Shares (A) (B)		1,058		66,433
Getinge AB, B Shares		2,275		85,870
H&M Hennes & Mauritz AB, B Shares (A)		7,907		187,686
Hexagon AB, B Shares		20,509		304,080
Holmen AB, B Shares		964		43,544
Hufvudstaden AB, A Shares		1,226		20,858
Husqvarna AB, B Shares		4,308		57,274
ICA Gruppen AB		963		44,850
Industrivarden AB, A Shares		1,668		64,909
Industrivarden AB, C Shares		1,750		64,089
Indutrade AB		2,763		70,754
Intrum AB		773		25,317
Investment AB Latour, B Shares		1,295		42,520
Investor AB, A Shares		5,451		124,513
Investor AB, B Shares		18,967		437,462
Kinnevik AB, Class B (A)		2,518		100,871
L E Lundbergforetagen AB, B Shares		665		42,938
Lifco AB, B Shares		2,206		51,589
Lundin Energy AB (B)		1,994		70,600
Nibe Industrier AB, B Shares		14,841		156,216
Nordnet AB		1,562		26,383
Saab AB, B Shares		848		22,518
Sagax AB, D Shares		1,249		4,856
Samhallsbyggnadsbolaget i Norden AB (B)		8,741		36,652

	Shares		Value
COMMON STOCKS (continued)
Sweden (continued)
Samhallsbyggnadsbolaget i Norden AB, D Shares		1,493		$ 5,087
Sandvik AB		11,361		290,396
Securitas AB, B Shares		3,332		52,636
Sinch AB (A) (C)		5,567		93,736
Skandinaviska Enskilda Banken AB, C Shares		148		1,890
Skandinaviska Enskilda Banken AB, Class A		16,717		216,093
Skanska AB, B Shares		4,166		110,578
SKF AB, B Shares		3,929		100,107
Spotify Technology SA (A)		1,231		339,251
SSAB AB, A Shares (A)		2,470		12,096
SSAB AB, B Shares (A)		6,497		28,435
Svenska Cellulosa AB SCA, Class B		6,241		102,349
Svenska Handelsbanken AB, A Shares		15,994		180,584
Svenska Handelsbanken AB, B Shares		367		4,394
Sweco AB, B Shares		1,659		30,204
Swedbank AB, A Shares		9,663		179,924
Swedish Match AB		16,886		144,097
Swedish Orphan Biovitrum AB (A)		2,024		36,932
Tele2 AB, B Shares (B)		5,214		71,088
Telefonaktiebolaget LM Ericsson, B Shares		27,827		349,979
Telia Co. AB		25,545		113,445
Trelleborg AB, B Shares		2,525		58,666
Volvo AB, B Shares (B)		16,537		398,142
Wallenstam AB, B Shares		2,153		34,087
				7,536,690
Switzerland - 8.9%
ABB Ltd.		19,863		674,528
Alcon, Inc.		5,202		364,565
Chocoladefabriken Lindt & Spruengli AG		12		214,373
Cie Financiere Richemont SA		5,434		658,123
Credit Suisse Group AG		25,227		264,510
Geberit AG		386		289,808
Givaudan SA		83		386,379
Glencore PLC (A)		113,887		486,855
Holcim Ltd. (A)		5,322		319,545
Kuehne & Nagel International AG		525		179,818
Lonza Group AG		775		549,841
Nestle SA		29,992		3,738,496
Novartis AG		25,683		2,342,825
Partners Group Holding AG		195		295,659
Roche Holding AG		7,597		2,872,987
Schindler Holding AG		627		189,196
SGS SA		54		166,729
Siemens Energy AG (A)		4,161		125,436
Sika AG (B)		1,476		483,031
STMicroelectronics NV		6,830		247,891
Swatch Group AG		910		143,578
Swiss Re AG		2,942		265,698
Swisscom AG		264		150,857
UBS Group AG		40,174		615,420
Zurich Insurance Group AG		1,566		628,874
				16,655,022
United Kingdom - 12.3%
3i Group PLC		10,131		164,167
Admiral Group PLC		2,690		116,834
Anglo American PLC		14,191		563,129

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    37

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Ashtead Group PLC		4,678		$ 346,644
Associated British Foods PLC		3,709		113,543
AstraZeneca PLC		13,666		1,639,255
Auto Trader Group PLC (A) (C)		10,088		88,271
AVEVA Group PLC		1,254		64,235
Aviva PLC		40,904		229,361
B&M European Value Retail SA (B)		8,856		70,126
BAE Systems PLC		33,571		242,086
Barclays PLC		166,295		393,111
Barratt Developments PLC		10,601		101,810
Berkeley Group Holdings PLC		1,267		80,426
BP PLC		209,259		910,605
British American Tobacco PLC		23,784		919,980
British Land Co. PLC, REIT		9,765		66,761
BT Group PLC (A)		91,320		244,739
Bunzl PLC		3,509		115,807
Burberry Group PLC (A)		4,215		120,299
CNH Industrial NV		10,369		171,230
Coca-Cola Europacific Partners PLC		2,083		123,564
Compass Group PLC (A)		18,587		390,804
ConvaTec Group PLC (C)		16,772		55,746
Croda International PLC		1,484		151,049
Diageo PLC		24,271		1,160,445
Direct Line Insurance Group PLC		14,084		55,451
Dr. Martens PLC (A)		4,789		29,440
DS Smith PLC		14,296		82,532
Farfetch Ltd., Class A (A)		2,208		111,195
Ferguson PLC		2,417		335,566
GlaxoSmithKline PLC		52,148		1,022,534
Halma PLC		3,952		146,970
Hargreaves Lansdown PLC		2,864		62,868
HSBC Holdings PLC		216,019		1,245,305
Imperial Brands PLC		9,884		212,597
Informa PLC (A)		15,648		108,431
InterContinental Hotels Group PLC (A)		1,954		129,839
Intertek Group PLC		1,680		128,342
J Sainsbury PLC		18,161		68,191
JD Sports Fashion PLC		5,155		65,445
Johnson Matthey PLC		2,071		87,918
Kingfisher PLC		21,980		110,678
Land Securities Group PLC, REIT (B)		7,821		72,972
Legal & General Group PLC		62,123		221,072
Lloyds Banking Group PLC		738,666		476,439
London Stock Exchange Group PLC		3,372		371,263
M&G PLC		27,066		85,586
Melrose Industries PLC		50,577		108,368
Mondi PLC		5,055		132,751
National Grid PLC		39,715		505,190
Natwest Group PLC		55,167		154,860
Next PLC (A)		1,384		150,201
NMC Health PLC (A) (E) (F) (G)		1,067		0
Ocado Group PLC (A)		6,314		174,711
Pearson PLC		7,873		90,272
Persimmon PLC		3,322		135,748
Phoenix Group Holdings PLC		8,530		79,705
Prudential PLC		27,230		516,668
Reckitt Benckiser Group PLC		7,668		677,632
RELX PLC		20,638		547,114

	Shares		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Rentokil Initial PLC		19,356		$ 132,360
Rightmove PLC		9,115		81,772
Rio Tinto PLC		11,243		923,978
Rolls-Royce Holdings PLC (A) (B)		87,111		119,040
Sage Group PLC		11,668		110,285
Schroders PLC		1,294		62,798
Segro PLC, REIT		12,480		188,697
Severn Trent PLC		2,522		87,135
Smith & Nephew PLC		9,212		198,842
Smiths Group PLC		4,126		90,628
Spirax-Sarco Engineering PLC		768		144,449
SSE PLC		10,913		226,212
St. James’s Place PLC		5,612		114,507
Standard Chartered PLC		27,275		173,700
Standard Life Aberdeen PLC		22,702		84,990
Subsea 7 SA		2,374		22,804
Taylor Wimpey PLC		37,957		83,347
Tesco PLC		80,490		247,905
THG PLC (A)		7,982		67,263
Unilever PLC		27,372		1,599,681
United Utilities Group PLC		7,099		95,559
Vodafone Group PLC		278,996		467,668
Weir Group PLC (A)		2,703		69,117
Whitbread PLC (A)		2,097		90,441
WM Morrison Supermarkets PLC		25,086		85,494
WPP PLC		12,624		169,895
				22,886,448
United States - 0.1%
Flex Ltd. (A)		5,109		91,298
Uruguay - 0.0% (D)
Globant SA (A)		396		86,795
Total Common Stocks (Cost $153,376,259)				184,176,727
PREFERRED STOCKS - 0.6%
Germany - 0.6%
Bayerische Motoren Werke AG, 2.36% (H)		601		54,025
Henkel AG & Co. KGaA, 2.13% (H)		1,855		195,874
Porsche Automobil Holding SE, 2.41% (H)		1,594		170,810
Sartorius AG, 0.17% (H)		355		184,817
Volkswagen AG, 2.31% (H)		1,911		478,633
Total Preferred Stocks (Cost $792,560)				1,084,159
RIGHTS - 0.0% (D)
Austria - 0.0%
Buwog AG, (A) (E) (F) (G) Exercise Price EUR 29, Expiration Date 12/31/2099		152		0

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    38

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

	Shares		Value
RIGHTS (continued)
Singapore - 0.0% (D)
Olam International Ltd., (A) Exercise Price SGD 0.20, Expiration Date 07/19/2021		1,095		$ 285
Total Rights (Cost $0)				285
SHORT-TERM INVESTMENT COMPANY - 0.1%
Money Market Fund - 0.1%
State Street Institutional Treasury Money Market Fund, 0.01% (H)		217,425		217,425
Total Short-Term Investment Company (Cost $217,425)				217,425

	Shares		Value
OTHER INVESTMENT COMPANY - 3.0%
Securities Lending Collateral - 3.0%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 0.02% (H)		5,568,549		$ 5,568,549
Total Other Investment Company (Cost $5,568,549)				5,568,549
Total Investments (Cost $159,954,793)				191,047,145
Net Other Assets (Liabilities) - (2.3)%				(4,337,455	)
Net Assets - 100.0%				$  186,709,690

FUTURES CONTRACTS:

Long Futures Contracts
Description	Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation		Unrealized Depreciation
MSCI EAFE Index		12		09/17/2021	$	1,414,701	$	1,382,460	$	—	$	(32,241	)

INVESTMENTS BY INDUSTRY:

Industry	Percentage of Total Investments			Value
Banks		8.1	%	$	15,557,775
Pharmaceuticals		7.7			14,625,177
Insurance		4.4			8,370,721
Chemicals		3.4			6,568,859
Automobiles		3.3			6,270,824
Machinery		3.2			6,184,381
Food Products		3.2			6,150,096
Textiles, Apparel & Luxury Goods		3.2			6,044,855
Metals & Mining		3.1			6,003,513
Oil, Gas & Consumable Fuels		3.0			5,656,025
Semiconductors & Semiconductor Equipment		2.8			5,439,908
Capital Markets		2.4			4,647,516
Health Care Equipment & Supplies		1.9			3,693,477
Beverages		1.9			3,687,789
Electrical Equipment		1.9			3,669,668
Personal Products		1.9			3,655,155
Electric Utilities		1.9			3,546,106
IT Services		1.8			3,475,013
Real Estate Management & Development		1.8			3,443,957
Software		1.8			3,365,368
Diversified Telecommunication Services		1.8			3,356,086
Electronic Equipment, Instruments & Components		1.6			3,131,012
Industrial Conglomerates		1.6			3,002,472
Entertainment		1.5			2,930,506
Professional Services		1.5			2,849,333
Food & Staples Retailing		1.4			2,663,826
Trading Companies & Distributors		1.4			2,662,552
Equity Real Estate Investment Trusts		1.4			2,643,415
Household Durables		1.4			2,599,189
Hotels, Restaurants & Leisure		1.3			2,444,830
Wireless Telecommunication Services		1.2			2,240,390
Building Products		1.1			2,154,271

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    39

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

INVESTMENTS BY INDUSTRY (continued):

Industry	Percentage of Total Investments			Value
Aerospace & Defense		1.1	%	$	2,097,759
Auto Components		1.0			1,859,394
Specialty Retail		0.9			1,731,745
Road & Rail		0.9			1,718,015
Diversified Financial Services		0.9			1,678,782
Biotechnology		0.8			1,591,997
Multi-Utilities		0.8			1,577,626
Internet & Direct Marketing Retail		0.8			1,534,190
Tobacco		0.8			1,494,106
Household Products		0.8			1,452,914
Construction & Engineering		0.8			1,451,053
Air Freight & Logistics		0.8			1,442,013
Construction Materials		0.6			1,198,397
Multiline Retail		0.6			1,070,127
Life Sciences Tools & Services		0.6			1,050,464
Health Care Providers & Services		0.5			909,476
Transportation Infrastructure		0.4			842,916
Gas Utilities		0.4			836,432
Media		0.4			772,227
Technology Hardware, Storage & Peripherals		0.4			756,657
Commercial Services & Supplies		0.4			756,201
Paper & Forest Products		0.4			673,989
Communications Equipment		0.3			666,370
Marine		0.3			624,725
Interactive Media & Services		0.3			556,607
Leisure Products		0.3			489,403
Health Care Technology		0.2			426,501
Containers & Packaging		0.2			341,884
Airlines		0.1			282,224
Independent Power & Renewable Electricity Producers		0.1			246,661
Money Market Fund		0.1			217,425
Water Utilities		0.1			182,694
Energy Equipment & Services		0.1			121,730
Consumer Finance		0.0	(D)		40,453
Distributors		0.0	(D)		31,459
Diversified Consumer Services		0.0	(D)		19,915
Investments		97.1			185,478,596
Short-Term Investments		2.9			5,568,549
Total Investments		100.0	%	$	191,047,145

INVESTMENT 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	$	3,145,858	$	181,030,869	$	0	$	184,176,727
Preferred Stocks		—		1,084,159		—		1,084,159
Rights		—		285		0		285
Short-Term Investment Company		217,425		—		—		217,425
Other Investment Company		5,568,549		—		—		5,568,549
Total Investments	$	8,931,832	$	182,115,313	$	0	$	191,047,145

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    40

DeltaShares^® S&P International Managed Risk ETF

SCHEDULE OF INVESTMENTS (continued)

At June 30, 2021

(unaudited)

INVESTMENT VALUATION (continued):

Valuation Inputs (continued) ^(I)

	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs (J)		Value
LIABILITIES
Other Financial Instruments
Futures Contracts (K)	$	(32,241	)	$	—	$	—	$	(32,241	)
Total Other Financial Instruments	$	(32,241	)	$	—	$	—	$	(32,241	)

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 $11,289,080, collateralized by cash collateral of $5,568,549 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $6,296,385. 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 exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2021, the total value of 144A securities is $3,538,030, representing 1.9% of the Fund’s net assets.
(D)	Percentage rounds to less than 0.1% or (0.1)%.
(E)	Securities deemed worthless.
(F)	Securities are Level 3 of the fair value hierarchy.
(G)	Fair valued as determined in good faith in accordance with procedures established by the Board. At June 30, 2021, the total value of securities is $0, representing 0.00% of the Fund’s net assets.
(H)	Rates disclosed reflect the yields at June 30, 2021.
(I)	There were no transfers in or out of Level 3 during the six-month period ended June 30, 2021. Please reference the Investment Valuation section of the Notes to Financial Statements for more information regarding investment valuation and pricing inputs.
(J)	Level 3 securities were not considered significant to the Fund.
(K)	Derivative instruments are valued at unrealized appreciation (depreciation).

CURRENCY ABBREVIATIONS:

EUR	Euro
SGD	Singapore Dollar

PORTFOLIO ABBREVIATIONS:

ADR	American Depositary Receipt
CDI	CHESS Depositary Interests
CVA	Commanditaire Vennootschap op Aandelen (Dutch Certificate)
EAFE	Europe, Australasia and Far East
J-REIT	Japan-Real Estate Investment Trust
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 2021

Page    41

STATEMENTS OF ASSETS AND LIABILITIES

At June 30, 2021

(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)	$	100,508,706	$	411,721,398	$	46,376,529		$	55,202,251	$	191,047,145
Cash collateral pledged at broker for:
Futures contracts		13,500		33,000		6,500			25,758		85,536
Foreign currency, at value (C)		—		—		—			188,278		575,536
Receivables and other assets:
Investments sold		6,995,644		2,180,069		14,419,513			—		1,152
Net income from securities lending		306		1,766		467			272		5,273
Dividends		72,587		239,589		27,838			113,925		246,588
Interest		4		5		343			3		2
Tax reclaims		—		—		—			120		390,247
Variation margin receivable on futures contracts		3,766		24,409		2,043			9,374		13,091
Total assets		107,594,513		414,200,236		60,833,233			55,539,981		192,364,570
Liabilities:
Cash collateral received upon return of:
Securities on loan		415,081		58,118		572,196			515,003		5,568,549
Payables and other liabilities:
Investments purchased		—		—		14,440,380			—		—
When-issued, delayed-delivery, forward and TBA commitments purchased		6,995,284		—		—			—		—
Shares of beneficial interest redeemed		—		2,182,845		—			—		—
Investment management fees		40,965		129,174		19,048			29,519		86,331
Total liabilities		7,451,330		2,370,137		15,031,624			544,522		5,654,880
Net assets	$	100,143,183	$	411,830,099	$	45,801,609		$	54,995,459	$	186,709,690
Net assets consist of:
Paid-in capital	$	93,374,551	$	321,075,535	$	46,216,971		$	45,472,846	$	182,368,916
Total distributable earnings (accumulated losses)		6,768,632		90,754,564		(415,362	)		9,522,613		4,340,774
Net assets	$	100,143,183	$	411,830,099	$	45,801,609		$	54,995,459	$	186,709,690
Shares outstanding		1,700,000		5,660,000		790,000			900,000		3,550,000
Net asset value per share	$	58.91	$	72.76	$	57.98		$	61.11	$	52.59
(A) Investments, at cost	$	83,000,679	$	322,690,756	$	38,846,337		$	43,891,419	$	159,954,793
(B) Securities on loan, at value	$	3,549,310	$	229,098	$	1,316,372		$	1,037,685	$	11,289,080
(C) Foreign currency, at cost	$	—	$	—	$	—		$	187,924	$	578,517

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    42

STATEMENTS OF OPERATIONS

For the period ended June 30, 2021

(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
Investment Income:
Dividend income	$	505,585		$	2,686,149		$	160,281		$	601,698		$	3,102,275
Interest income		36,094			9,227			54,493			14,228			4,472
Non-cash dividend income		—			—			—			—			173,902
Net income from securities lending		2,839			3,048			4,601			1,921			33,351
Withholding taxes on foreign income		—			(265	)		(136	)		(65,952	)		(304,016	)
Total investment income		544,518			2,698,159			219,239			551,895			3,009,984
Expenses:
Investment management fees		220,780			678,641			101,520			162,207			455,493
Total expenses		220,780			678,641			101,520			162,207			455,493
Net investment income (loss)		323,738			2,019,518			117,719			389,688			2,554,491
Net realized gain (loss) on:
Investments		1,748,588			(685,500	)		145,825			2,383,505			286,052
In-kind redemptions		930,992			9,068,993			383,523			—			3,216,602
Futures contracts		47,173			170,254			13,193			45,269			254,835
Foreign currency transactions		—			—			—			(9,468	)		1,179
Net realized gain (loss)		2,726,753			8,553,747			542,541			2,419,306			3,758,668
Net change in unrealized appreciation (depreciation) on:
Investments		7,252,048			41,166,106			4,181,539			175,785			8,047,703
Futures contracts		(9,470	)		(18,364	)		(1,670	)		(7,955	)		(37,216	)
Translation of assets and liabilities denominated in foreign currencies		—			—			—			(680	)		(29,680	)
Net change in unrealized appreciation (depreciation)		7,242,578			41,147,742			4,179,869			167,150			7,980,807
Net realized and change in unrealized gain (loss)		9,969,331			49,701,489			4,722,410			2,586,456			11,739,475
Net increase (decrease) in net assets resulting from operations	$	10,293,069		$	51,721,007		$	4,840,129		$	2,976,144		$	14,293,966

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    43

STATEMENTS OF CHANGES IN NET ASSETS

For the periods and years ended:

	DeltaShares® S&P 400 Managed Risk ETF						DeltaShares® S&P 500 Managed Risk ETF						DeltaShares® S&P 600 Managed Risk ETF
	June 30, 2021 (unaudited)			December 31, 2020			June 30, 2021 (unaudited)			December 31, 2020			June 30, 2021 (unaudited)			December 31, 2020
From operations:
Net investment income (loss)	$	323,738		$	390,659		$	2,019,518		$	3,314,233		$	117,719		$	103,415
Net realized gain (loss)		2,726,753			(3,723,088	)		8,553,747			29,165,440			542,541			(3,034,511	)
Net change in unrealized appreciation (depreciation)		7,242,578			1,231,737			41,147,742			(16,660,483	)		4,179,869			566,193
Net increase (decrease) in net assets resulting from operations		10,293,069			(2,100,692	)		51,721,007			15,819,190			4,840,129			(2,364,903	)
Dividends and/or distributions to shareholders:
Dividends and/or distributions to shareholders		(261,003	)		(407,034	)		(2,010,004	)		(3,348,511	)		(110,001	)		(109,028	)
Net increase (decrease) in net assets resulting from dividends and/or distributions to shareholders		(261,003	)		(407,034	)		(2,010,004	)		(3,348,511	)		(110,001	)		(109,028	)
Capital share transactions:
Proceeds from shares sold		—			1,591,684			—			71,220,778			5,236,571			1,553,925
Cost of shares redeemed		(2,812,931	)		(3,924,593	)		(24,643,712	)		(125,014,760	)		(1,150,894	)		(3,801,091	)
Net increase (decrease) in net assets resulting from capital share transactions		(2,812,931	)		(2,332,909	)		(24,643,712	)		(53,793,982	)		4,085,677			(2,247,166	)
Net increase (decrease) in net assets		7,219,135			(4,840,635	)		25,067,291			(41,323,303	)		8,815,805			(4,721,097	)
Net assets:
Beginning of period/year		92,924,048			97,764,683			386,762,808			428,086,111			36,985,804			41,706,901
End of period/year	$	100,143,183		$	92,924,048		$	411,830,099		$	386,762,808		$	45,801,609		$	36,985,804
Capital share transactions - shares:
Shares issued		—			30,000			—			1,200,000			100,000			30,000
Shares redeemed		(50,000	)		(80,000	)		(380,000	)		(2,110,000	)		(20,000	)		(70,000	)
Net increase (decrease) in shares outstanding		(50,000	)		(50,000	)		(380,000	)		(910,000	)		80,000			(40,000	)

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    44

STATEMENTS OF CHANGES IN NET ASSETS (continued)

For the periods and years ended:

	DeltaShares® S&P EM 100 & Managed Risk ETF						DeltaShares® S&P International Managed Risk ETF
	June 30, 2021 (unaudited)			December 31, 2020			June 30, 2021 (unaudited)			December 31, 2020
From operations:
Net investment income (loss)	$	389,688		$	312,826		$	2,554,491		$	1,402,374
Net realized gain (loss)		2,419,306			(1,676,930	)		3,758,668			(17,903,976	)
Net change in unrealized appreciation (depreciation)		167,150			7,462,241			7,980,807			8,107,345
Net increase (decrease) in net assets resulting from operations		2,976,144			6,098,137			14,293,966			(8,394,257	)
Dividends and/or distributions to shareholders:
Dividends and/or distributions to shareholders		(440,001	)		(421,586	)		(2,600,006	)		(1,169,430	)
Net increase (decrease) in net assets resulting from dividends and/or distributions to shareholders		(440,001	)		(421,586	)		(2,600,006	)		(1,169,430	)
Capital share transactions:
Proceeds from shares sold		—			—			—			2,194,268
Cost of shares redeemed		—			—			(9,929,234	)		(7,445,558	)
Net increase (decrease) in net assets resulting from capital share transactions		—			—			(9,929,234	)		(5,251,290	)
Net increase (decrease) in net assets		2,536,143			5,676,551			1,764,726			(14,814,977	)
Net assets:
Beginning of period/year		52,459,316			46,782,765			184,944,964			199,759,941
End of period/year	$	54,995,459		$	52,459,316		$	186,709,690		$	184,944,964
Capital share transactions - shares:
Shares issued		—			—			—			50,000
Shares redeemed		—			—			(200,000	)		(150,000	)
Net increase (decrease) in shares outstanding		—			—			(200,000	)		(100,000	)

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    45

FINANCIAL HIGHLIGHTS

For a share outstanding during the periods and years indicated:	DeltaShares® S&P 400 Managed Risk ETF
	June 30, 2021 (unaudited)			December 31, 2020			December 31, 2019			December 31, 2018			December 31, 2017 (A)
Net asset value, beginning of period/year	$	53.10		$	54.31		$	48.30		$	53.88		$	50.00
Investment operations:
Net investment income (loss) (B)		0.19			0.22			0.67			0.66			0.27
Net realized and unrealized gain (loss)		5.77			(1.20	)		6.03			(5.58	)		3.94
Total investment operations		5.96			(0.98	)		6.70			(4.92	)		4.21
Dividends and/or distributions to shareholders:
Net investment income		(0.15	)		(0.23	)		(0.69	)		(0.66	)		(0.27	)
Net realized gains		—			—			—			—			(0.06	)
Total dividends and/or distributions to shareholders		(0.15	)		(0.23	)		(0.69	)		(0.66	)		(0.33	)
Net asset value, end of period/year	$	58.91		$	53.10		$	54.31		$	48.30		$	53.88
Total return		11.24	%(C)		(1.77	)%		13.95	%		(9.19	)%		8.42	%(C)
Ratio and supplemental data:
Net assets end of period/year (000’s)	$	100,143		$	92,924		$	97,765		$	103,844		$	131,994
Expenses to average net assets		0.45	%(D)(E)		0.45	%(D)		0.45	%(D)		0.45	%		0.45	%(E)
Net investment income (loss) to average net assets		0.66	%(E)		0.44	%		1.30	%		1.23	%		1.25	%(E)
Portfolio turnover rate (F)		135	%(C)		821	%		511	%		435	%		6	%(C)

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

For a share outstanding during the periods and years indicated:	DeltaShares® S&P 500 Managed Risk ETF
	June 30, 2021 (unaudited)			December 31, 2020			December 31, 2019			December 31, 2018			December 31, 2017 (A)
Net asset value, beginning of period/year	$	64.03		$	61.60		$	51.23		$	54.10		$	50.00
Investment operations:
Net investment income (loss) (B)		0.35			0.50			0.94			0.91			0.36
Net realized and unrealized gain (loss)		8.73			2.44			10.41			(2.86	)		4.09
Total investment operations		9.08			2.94			11.35			(1.95	)		4.45
Dividends and/or distributions to shareholders:
Net investment income		(0.35	)		(0.51	)		(0.98	)		(0.91	)		(0.34	)
Net realized gains		—			—			—			(0.01	)		(0.01	)
Total dividends and/or distributions to shareholders		(0.35	)		(0.51	)		(0.98	)		(0.92	)		(0.35	)
Net asset value, end of period/year	$	72.76		$	64.03		$	61.60		$	51.23		$	54.10
Total return		14.22	%(C)		4.88	%		22.30	%		(3.68	)%		8.94	%(C)
Ratio and supplemental data:
Net assets end of period/year (000’s)	$	411,830		$	386,763		$	428,086		$	386,758		$	419,310
Expenses to average net assets		0.35	%(D)(E)		0.35	%(D)		0.35	%(D)		0.35	%		0.35	%(E)
Net investment income (loss) to average net assets		1.04	%(E)		0.84	%		1.66	%		1.65	%		1.64	%(E)
Portfolio turnover rate (F)		35	%(C)		689	%		300	%		430	%		2	%(C)

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

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    46

FINANCIAL HIGHLIGHTS (continued)

For a share outstanding during the periods and years indicated:	DeltaShares® S&P 600 Managed Risk ETF
	June 30, 2021 (unaudited)			December 31, 2020			December 31, 2019			December 31, 2018			December 31, 2017 (A)
Net asset value, beginning of period/year	$	52.09		$	55.61		$	50.34		$	53.94		$	50.00
Investment operations:
Net investment income (loss) (B)		0.15			0.15			0.64			0.59			0.24
Net realized and unrealized gain (loss)		5.88			(3.51	)		5.30			(3.52	)		4.09
Total investment operations		6.03			(3.36	)		5.94			(2.93	)		4.33
Dividends and/or distributions to shareholders:
Net investment income		(0.14	)		(0.16	)		(0.67	)		(0.64	)		(0.24	)
Net realized gains		—			—			—			(0.03	)		(0.15	)
Total dividends and/or distributions to shareholders		(0.14	)		(0.16	)		(0.67	)		(0.67	)		(0.39	)
Net asset value, end of period/year	$	57.98		$	52.09		$	55.61		$	50.34		$	53.94
Total return		11.55	%(C)		(6.02	)%		11.85	%		(5.47	)%		8.65	%(C)
Ratio and supplemental data:
Net assets end of period/year (000’s)	$	45,802		$	36,986		$	41,707		$	40,274		$	59,331
Expenses to average net assets		0.45	%(D)(E)		0.45	%(D)		0.45	%(D)		0.45	%		0.45	%(E)
Net investment income (loss) to average net assets		0.52	%(E)		0.30	%		1.21	%		1.07	%		1.12	%(E)
Portfolio turnover rate (F)		266	%(C)		894	%		584	%		448	%		21	%(C)

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

For a share outstanding during the periods and year indicated:	DeltaShares® S&P EM 100 & Managed Risk ETF
	June 30, 2021 (unaudited)			December 31, 2020			December 31, 2019 (A)
Net asset value, beginning of period/year	$	58.29		$	51.98		$	50.14
Investment operations:
Net investment income (loss) (B)		0.43			0.35			1.18
Net realized and unrealized gain (loss)		2.88			6.43			1.75
Total investment operations		3.31			6.78			2.93
Dividends and/or distributions to shareholders:
Net investment income		(0.49	)		(0.47	)		(1.09	)
Net asset value, end of period/year	$	61.11		$	58.29		$	51.98
Total return		5.70	%(C)		13.20	%		5.85	%(C)
Ratio and supplemental data:
Net assets end of period/year (000’s)	$	54,995		$	52,459		$	46,783
Expenses to average net assets (D)		0.60	%(E)		0.60	%		0.60	%(E)
Net investment income (loss) to average net assets		1.44	%(E)		0.70	%		3.10	%(E)
Portfolio turnover rate		180	%(C)		647	%		274	%(C)(F)

(A)	Commenced operations on March 20, 2019.
(B)	Calculated based on average number of shares outstanding.
(C)	Not annualized.
(D)	Does not include expenses of the underlying investments in which the Fund invests.
(E)	Annualized.
(F)	Excludes investment securities received or delivered as a result of processing in-kind issuances or redemptions of capital share transactions in creation units.

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    47

FINANCIAL HIGHLIGHTS (continued)

For a share outstanding during the periods and years indicated:	DeltaShares® S&P International Managed Risk ETF
	June 30, 2021 (unaudited)			December 31, 2020			December 31, 2019			December 31, 2018			December 31, 2017 (A)
Net asset value, beginning of period/year	$	49.32		$	51.89		$	44.93		$	53.13		$	50.00
Investment operations:
Net investment income (loss) (B)		0.72			0.37			1.38			1.33			0.32
Net realized and unrealized gain (loss)		3.28			(2.63	)		7.12			(8.15	)		3.16
Total investment operations		4.00			(2.26	)		8.50			(6.82	)		3.48
Dividends and/or distributions to shareholders:
Net investment income		(0.73	)		(0.31	)		(1.54	)		(1.37	)		(0.34	)
Net realized gains		—			—			—			(0.01	)		(0.01	)
Total dividends and/or distributions to shareholders		(0.73	)		(0.31	)		(1.54	)		(1.38	)		(0.35	)
Net asset value, end of period/year	$	52.59		$	49.32		$	51.89		$	44.93		$	53.13
Total return		8.16	%(C)		(4.25	)%		19.12	%		(13.09	)%		6.97	%(C)
Ratio and supplemental data:
Net assets end of period/year (000’s)	$	186,710		$	184,945		$	199,760		$	202,190		$	244,408
Expenses to average net assets		0.50	%(D)(E)		0.50	%(D)		0.50	%(D)		0.50	%		0.50	%(E)
Net investment income (loss) to average net assets		2.80	%(E)		0.81	%		2.85	%		2.60	%		1.47	%(E)
Portfolio turnover rate (F)		25	%(C)		690	%		85	%		189	%		3	%(C)

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

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    48

NOTES TO FINANCIAL STATEMENTS

At June 30, 2021

(unaudited)

1. ORGANIZATION

Transamerica ETF Trust (the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”), and was organized as a Delaware statutory trust on 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”)

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

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

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

Transamerica ETF Trust Semi-Annual Report 2021

Page    49

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2021

(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 of sub-advisers and certain aspects of Fund investments; assisting with Fund combinations and liquidations; oversight of the preparation and filing, and review, of all returns and reports, in connection with federal, state and local taxes; oversight and review of regulatory reporting; supervising and coordinating the Funds’ custodian and dividend disbursing agent and monitoring their services to the Funds; assisting the Funds in preparing reports to shareholders; acting as liaison with the Funds’ independent public accountants and providing, upon request, analyses, fiscal year summaries and other audit related services; assisting in the preparation of agendas and supporting documents for and minutes of meetings of trustees and committees of trustees; assisting in the preparation of regular communications with the trustees; and providing personnel and office space, telephones and other office equipment as necessary in order for TAM to perform supervisory and administrative services to the Funds.

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

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

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

Security transactions and investment income: Security transactions are accounted for on the trade date. Security gains and losses are calculated on the specific identification basis. Dividend income, if any, is recorded on the ex-dividend date or, in the case of foreign securities, as soon as the Funds are informed of the ex-dividend dates, net of foreign taxes. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, if any, is recorded on the accrual basis from settlement date, net of foreign taxes. Fixed income premiums and discounts are amortized and/or accreted over the lives of the respective securities.

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

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

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 2021

Page    50

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2021

(unaudited)

3. INVESTMENT 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 in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels (“Levels”) of inputs of the fair value hierarchy are defined as follows:

Level 1—Unadjusted quoted prices in active markets for identical securities.

Level 2—Inputs, other than quoted prices included in Level 1, which are observable, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

Level 3—Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include 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, 2021, is disclosed within the Investment 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.

Warrants: Warrants 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 warrants are priced at zero. Warrants are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

Transamerica ETF Trust Semi-Annual Report 2021

Page    51

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2021

(unaudited)

3. INVESTMENT VALUATION (continued)

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

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

Investment companies: Certain investment companies are valued at the NAV as the practical expedient. These investment companies are not included within the fair value hierarchy. Certain other investment companies are valued at the actively traded NAV and no valuation adjustments are applied. These investment companies are categorized in Level 1 of the fair value hierarchy.

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

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

4. SECURITIES AND OTHER INVESTMENTS

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

REITs held at June 30, 2021, if any, are identified within the Schedule of Investments.

5. BORROWINGS AND OTHER FINANCING TRANSACTIONS

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

Securities lending: The Funds may lend securities to qualified financial institutions, brokers and dealers. State Street serves as securities lending agent to the Funds pursuant to a Securities Lending Agreement. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions. The lending of securities exposes the Funds to risks such as: the borrowers may fail to return the loaned securities or may not be able to provide additional collateral, the Funds may experience delays in recovery of the loaned securities or delays in access to

Transamerica ETF Trust Semi-Annual Report 2021

Page    52

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2021

(unaudited)

5. BORROWINGS AND OTHER FINANCING TRANSACTIONS (continued)

collateral, or the Funds may experience losses related to the investment collateral. To minimize certain risks, loan counterparties pledge cash, securities issued or guaranteed by the U.S. Government and irrevocable letters of credit issued by banks as collateral. The initial collateral received by the Funds is required to have a value of at least 102% of the current value of the loaned securities traded on U.S. exchanges, and a value of at least 105% for all other securities. Typically the lending agent is not permitted to sell, re-pledge or use cash and non-cash collateral it receives. The lending agent has agreed to indemnify the Funds in the case of default of any securities borrower.

Each Fund receives compensation for lending securities from interest or dividends earned on the cash, U.S. Government securities and irrevocable letters of credit held as collateral, less associated fees and expenses. Such income is reflected in Net income from securities lending within the Statements of Operations. Cash collateral received is invested in the State Street Navigator Securities Lending Trust—Government Money Market Portfolio.

The value of loaned securities and related cash and non-cash collateral outstanding at June 30, 2021, if any, are shown on a gross basis within the Schedule of Investments.

The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type, and the remaining contractual maturity of those transactions as of June 30, 2021.

	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Less Than 30 Days		Between 30 & 90 Days		Greater Than 90 Days		Total
S&P 400 Managed Risk
Securities Lending Transactions
Common Stocks	$	415,081	$	—	$	—	$	—	$	415,081
Total Borrowings	$	415,081	$	—	$	—	$	—	$	415,081
S&P 500 Managed Risk
Securities Lending Transactions
Common Stocks	$	58,118	$	—	$	—	$	—	$	58,118
Total Borrowings	$	58,118	$	—	$	—	$	—	$	58,118
S&P 600 Managed Risk
Securities Lending Transactions
Common Stocks	$	572,196	$	—	$	—	$	—	$	572,196
Total Borrowings	$	572,196	$	—	$	—	$	—	$	572,196
S&P EM 100 & Managed Risk
Securities Lending Transactions
Common Stocks	$	515,003	$	—	$	—	$	—	$	515,003
Total Borrowings	$	515,003	$	—	$	—	$	—	$	515,003
S&P International Managed Risk
Securities Lending Transactions
Common Stocks	$	5,568,549	$	—	$	—	$	—	$	5,568,549
Total Borrowings	$	5,568,549	$	—	$	—	$	—	$	5,568,549

6. RISK EXPOSURES AND THE USE OF DERIVATIVE INSTRUMENTS

Certain Funds’ investment strategies 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 strategies, the Funds may seek to use derivatives. The Funds’ use of derivatives may increase or decrease their exposure to the following market risks:

Transamerica ETF Trust Semi-Annual Report 2021

Page    53

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2021

(unaudited)

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

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, 2021, if any, are listed within the Schedule of Investments. Variation margin, if applicable, is shown in Variation margin receivable or payable on futures contracts within the Statements of Assets and Liabilities.

The following is a summary of the location and each Fund’s fair values of derivative investments disclosed, if any, within the Statements of Assets and Liabilities, categorized by primary market risk exposure as of June 30, 2021.

Asset Derivatives
Fund/Location	Interest Rate Contracts		Foreign Exchange Contracts		Equity Contracts		Credit Contracts		Commodity Contracts		Total
S&P 500 Managed Risk
Futures contracts:
Total distributable earnings (accumulated losses) (A) (B)	$	—	$	—	$	7,998	$	—	$	—	$	7,998
Total	$	—	$	—	$	7,998	$	—	$	—	$	7,998

Transamerica ETF Trust Semi-Annual Report 2021

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NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2021

(unaudited)

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

Liability Derivatives
Fund/Location	Interest Rate Contracts		Foreign Exchange Contracts		Equity Contracts			Credit Contracts		Commodity Contracts		Total
S&P 400 Managed Risk
Futures contracts:
Total distributable earnings (accumulated losses) (A) (B)	$	—	$	—	$	(3,326	)	$	—	$	—	$	(3,326	)
Total	$	—	$	—	$	(3,326	)	$	—	$	—	$	(3,326	)
S&P 600 Managed Risk
Futures contracts:
Total distributable earnings (accumulated losses) (A) (B)	$	—	$	—	$	(807	)	$	—	$	—	$	(807	)
Total	$	—	$	—	$	(807	)	$	—	$	—	$	(807	)
S&P EM 100 & Managed Risk
Futures contracts:
Total distributable earnings (accumulated losses) (A) (B)	$	—	$	—	$	(715	)	$	—	$	—	$	(715	)
Total	$	—	$	—	$	(715	)	$	—	$	—	$	(715	)
S&P International Managed Risk
Futures contracts:
Total distributable earnings (accumulated losses) (A) (B)	$	—	$	—	$	(32,241	)	$	—	$	—	$	(32,241	)
Total	$	—	$	—	$	(32,241	)	$	—	$	—	$	(32,241	)

(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, 2021.

Realized Gain (Loss) on Derivative Instruments
Fund/Location	Interest Rate Contracts		Foreign Exchange Contracts		Equity Contracts		Credit Contracts		Commodity Contracts		Total
S&P 400 Managed Risk
Futures contracts	$	—	$	—	$	47,173	$	—	$	—	$	47,173
Total	$	—	$	—	$	47,173	$	—	$	—	$	47,173
S&P 500 Managed Risk
Futures contracts	$	—	$	—	$	170,254	$	—	$	—	$	170,254
Total	$	—	$	—	$	170,254	$	—	$	—	$	170,254
S&P 600 Managed Risk
Futures contracts	$	—	$	—	$	13,193	$	—	$	—	$	13,193
Total	$	—	$	—	$	13,193	$	—	$	—	$	13,193
S&P EM 100 & Managed Risk
Futures contracts	$	—	$	—	$	45,269	$	—	$	—	$	45,269
Total	$	—	$	—	$	45,269	$	—	$	—	$	45,269
S&P International Managed Risk
Futures contracts	$	—	$	—	$	254,835	$	—	$	—	$	254,835
Total	$	—	$	—	$	254,835	$	—	$	—	$	254,835

Transamerica ETF Trust Semi-Annual Report 2021

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NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2021

(unaudited)

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

Net Change in Unrealized Appreciation (Depreciation) on Derivative Instruments
Fund/Location	Interest Rate Contracts		Foreign Exchange Contracts		Equity Contracts			Credit Contracts		Commodity Contracts		Total
S&P 400 Managed Risk
Futures contracts	$	—	$	—	$	(9,470	)	$	—	$	—	$	(9,470	)
Total	$	—	$	—	$	(9,470	)	$	—	$	—	$	(9,470	)
S&P 500 Managed Risk
Futures contracts	$	—	$	—	$	(18,364	)	$	—	$	—	$	(18,364	)
Total	$	—	$	—	$	(18,364	)	$	—	$	—	$	(18,364	)
S&P 600 Managed Risk
Futures contracts	$	—	$	—	$	(1,670	)	$	—	$	—	$	(1,670	)
Total	$	—	$	—	$	(1,670	)	$	—	$	—	$	(1,670	)
S&P EM 100 & Managed Risk
Futures contracts	$	—	$	—	$	(7,955	)	$	—	$	—	$	(7,955	)
Total	$	—	$	—	$	(7,955	)	$	—	$	—	$	(7,955	)
S&P International Managed Risk
Futures contracts	$	—	$	—	$	(37,216	)	$	—	$	—	$	(37,216	)
Total	$	—	$	—	$	(37,216	)	$	—	$	—	$	(37,216	)

The following is a summary of the ending monthly average volume on derivative activity during the period ended June 30, 2021.

	S&P 400 Managed Risk		S&P 500 Managed Risk		S&P 600 Managed Risk		S&P EM 100 & Managed Risk		S&P International Managed Risk
Futures contracts:
Average notional value of contracts — long	$	247,720	$	970,016	$	141,772	$	255,799	$	2,589,821

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, a Fund may be required to pledge collateral on derivatives to a counterparty if the Fund is in a net liability position, and receive collateral if in a net positive position. For financial reporting purposes, cash collateral that has been pledged by a Fund to cover obligations, if any, is reported in Cash collateral at broker within the Statements of Assets and Liabilities. Cash collateral that has been received by a Fund from a counterparty, if any, is reported separately in Cash collateral pledged at custodian and/or 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. Typically a counterparty is not permitted to sell, re-pledge or use cash and non-cash collateral it receives. The Fund generally does not use non-cash collateral that it receives but may, absent default or certain other circumstances, be permitted to use cash collateral received. In such cases, interest may be paid pursuant to the collateral arrangement with the counterparty.

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 counterparty non-performance. Additionally, to the extent the Fund has delivered collateral to a counterparty, the Fund bears the risk of loss from a counterparty in the event the counterparty fails to return such collateral. 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. Collateral may not be required for all derivative contracts.

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.

Transamerica ETF Trust Semi-Annual Report 2021

Page    56

NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2021

(unaudited)

7. RISK FACTORS (continued)

Market risk: The market values of a Fund’s securities and other assets will fluctuate, sometimes sharply and unpredictably, due to changes in general market conditions, overall economic trends or events, governmental actions or interventions, actions taken by the U.S. Federal Reserve or foreign central banks, political developments, investor sentiment, public health emergencies such as a pandemic, and other factors that may or may not be related to the issuer of the security or other asset. The market prices of securities and other assets also may go down due to events or conditions that affect particular sectors, industries or issuers. Adverse market conditions may be prolonged and may not have the same impact on all types of securities or other assets.

Economies and financial markets throughout the world are increasingly interconnected. Economic, financial or political events, trading and tariff arrangements, public health events, terrorism, technology and data interruptions, natural disasters, and other circumstances in one or more countries or regions could be highly disruptive to, and have profound impacts on, global economies or markets. As a result, whether or not a Fund invests in securities of issuers located in or with significant exposure to the countries directly affected, the value and liquidity of a Fund’s investments may go down.

The COVID-19 pandemic has caused substantial market disruption around the world, including the U.S. There have been periods of extreme volatility, and periods where there have been no buyers for certain securities, including U.S. Treasury securities. Some sectors of the economy and individual issuers have experienced particularly large losses. The pandemic has reduced liquidity of particular investments and asset classes; resulted in significant disruptions to business operations, including business closures; strained healthcare systems; disrupted supply chains, consumer demand and employee availability; and restricted travel. These conditions may continue for an extended period of time, or worsen. The pandemic may result in a sustained domestic or global economic downturn or recession. Developing or emerging market countries may be more adversely impacted. The ultimate economic fallout from the pandemic, and the long-term impact on economies, markets, industries and individual issuers, are not known.

The U.S. government and the Federal Reserve, as well as certain foreign governments and central banks, have taken extraordinary actions to support local and global economies and the financial markets in response to the COVID-19 pandemic. These actions have resulted in significant expansion of public debt, including in the U.S. The long-term consequences of this level of public debt are not known. In addition, certain interest rates have been reduced to very low levels. This and other government intervention into the economy and financial markets to address the pandemic may not work as intended, particularly if the efforts are perceived by investors as being unlikely to achieve the desired results.

The COVID-19 pandemic could continue to adversely affect the value and liquidity of a Fund’s investments, impair a Fund’s ability to satisfy redemption requests, and negatively impact a Fund’s performance.

Passive strategy/index risk: A Fund is managed with a passive investment strategy, attempting to track the performance of a rules based index of securities, regardless of the current or projected performance of the Underlying Index or of the actual securities comprising the Underlying Index. This differs from an actively-managed fund, which typically seeks to outperform a benchmark index. As a result, a Fund’s performance may be less favorable than that of a portfolio managed using an active investment strategy. The structure and composition of the Underlying Index will affect the performance, volatility, and risk of the Underlying Index and, consequently, the performance, volatility, and risk of a Fund.

Index tracking risk: While the sub-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. When utilizing either a replication or sampling strategy, a Fund incurs a number of operating expenses not applicable to the Underlying Index, and incurs costs in buying and selling securities and engaging in derivatives transactions. In addition, a Fund may not be fully invested at times, generally as a result of cash flows into or out of a Fund. The sub-adviser may attempt to replicate the Underlying Index return through a sampling strategy, which involves investing in fewer than all of the securities in the Underlying Index, or in some securities not included in the Underlying Index, potentially increasing the risk of divergence between a Fund’s return and that of the Underlying Index. To the extent a Fund employs a sampling strategy, an adverse development affecting an issuer of a security held by a Fund could result in a greater decline in NAV than would be the case if a Fund used a full replication strategy and held all of the securities in the Underlying Index. In addition, due to the potential for frequent rebalancing of the Underlying Index, there is greater risk that a Fund may not implement all changes to a Fund’s portfolio necessary to track exactly the performance of the Underlying Index.

8. FEES AND OTHER AFFILIATED TRANSACTIONS

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

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NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2021

(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, external counsel fees, independent trustee expenses, 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 Rule 12b-1 under the 1940 Act, however, the Distribution Plan has not yet been implemented. Under the Distribution Plan, 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 investment manager or sub-adviser(s) for the period ended June 30, 2021.

9. PURCHASES AND SALES OF SECURITIES

For the period ended June 30, 2021, the cost of securities purchased and proceeds from securities sold (excluding in-kind transactions and short-term securities) are as follows:

	Purchases of Securities				Sales/Maturities of Securities
Fund	Long-Term		U.S. Government		Long-Term		U.S. Government
S&P 400 Managed Risk	$	36,016,365	$	84,186,539	$	13,569,267	$	113,929,074
S&P 500 Managed Risk		112,189,989		23,234,425		74,164,714		61,649,625
S&P 600 Managed Risk		10,146,236		105,593,648		4,571,858		108,647,871
S&P EM 100 & Managed Risk		29,999,888		60,771,525		30,306,682		60,649,408
S&P International Managed Risk		36,728,613		16,236,002		20,237,439		24,273,614

For the period ended June 30, 2021, the cost of in-kind purchases and proceeds from in-kind sales are as follows. Funds not listed in the subsequent table do not have in-kind purchases or in-kind sales during the period.

Fund	In-Kind Purchases		In-Kind Sales
S&P 400 Managed Risk	$	—	$	2,122,775
S&P 500 Managed Risk		—		23,504,835
S&P 600 Managed Risk		2,719,056		787,366
S&P International Managed Risk		—		9,142,378

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NOTES TO FINANCIAL STATEMENTS (continued)

At June 30, 2021

(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 capital shares (“Creation Units”). The S&P 400 Managed Risk, S&P 500 Managed Risk and S&P 600 Managed Risk Funds issue or redeem capital shares in blocks of 10,000 Creation Units. The S&P EM 100 & Managed Risk and S&P International Managed Risk Funds issue and redeem capital shares in blocks of 50,000 Creation Units. Creation Unit transactions are typically conducted in exchange for the deposit or delivery of a designated portfolio of in-kind securities and/or cash. In-kind sales are reflected as in-kind redemptions within the Statements of Operations.

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, 2021, 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	$	83,000,679	$	18,094,520	$	(589,819	)	$	17,504,701
S&P 500 Managed Risk		322,690,756		89,688,326		(649,686	)		89,038,640
S&P 600 Managed Risk		38,846,337		7,746,308		(216,923	)		7,529,385
S&P EM 100 & Managed Risk		43,891,419		12,263,567		(953,450	)		11,310,117
S&P International Managed Risk		159,954,793		32,670,448		(1,610,337	)		31,060,111

12. LEGAL PROCEEDINGS

On September 30, 2020, Transamerica Asset Management, Inc. (“TAM”), the investment manager of the funds, entered into a settlement with the Securities and Exchange Commission (the “SEC”) relating to expense recaptures. The recaptures at issue, which TAM self-reported to the SEC, involved amounts previously voluntarily waived and/or reimbursed to four money market funds to prevent the funds from experiencing a negative yield. In some cases recaptures under the voluntary yield waiver arrangements exceeded contractual expense limits. The recaptured amounts were not reflected in the funds’ prospectus fee tables. The funds involved were Transamerica Government Money Market, Transamerica BlackRock Government Money Market VP, Transamerica Partners Government Money Market and Transamerica Partners Institutional Government Money Market. The two Transamerica Partners Government Money Market funds reorganized into Transamerica Government Money Market in October of 2017.

Under the settlement order, TAM agreed to pay affected fund investors approximately $5.3 million in disgorgement and approximately $690,000 in prejudgment interest. These amounts represent expenses incurred above the applicable expense limit (plus interest). TAM was also censured and ordered to cease and desist from committing or causing any violations of certain statutory provisions and SEC rules. The settlement order imposes no civil penalty on TAM based upon TAM having self-reported the matter, the prompt remedial steps taken by TAM, and TAM’s cooperation in the SEC staff’s investigation. The settlement order does not affect TAM’s ability to manage the funds.

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

The settlement had no impact on the Funds’ financial statements.

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Approval of the Management Agreement and Investment Subadvisory Agreement

On June 15, 2021, 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”) (collectively, the “Funds”), pursuant to the renewal of the Management Agreement (“Management Agreement”) between TAM and the Trust with respect to the Funds, and (2) the continued appointment of Milliman Financial Risk Management LLC (“Subadviser”) as investment sub-adviser of the Funds, pursuant to the renewal of the Investment Subadvisory Agreement (“Subadvisory Agreement,” and together with the Management Agreement, the “Agreements”) between the Subadviser 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 the Subadviser (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 the Subadviser 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 Agreements with respect to each Fund. The Board considered the Agreements for each Fund and the engagement of TAM and the Subadviser 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 the Subadviser under the Agreements, including, in light of the index-tracking objective of each Fund, information on the performance of each Fund relative to its target index; (2) the costs of the services provided to the Funds by TAM and the Subadviser and the profitability of each Adviser’s relationship with each Fund; (3) information concerning the management fee as well as the net expense ratio of each Fund, including a comparison of each Fund’s management fee and net expense ratio to those of a group of comparable exchange-traded funds (“ETFs”) identified by Broadridge Financial Solutions, Inc. (“Broadridge”) (each such group, a “peer group”); (4) the extent to which economies of scale may be realized by each Fund as it grows to enable investors to share in the benefits of economies of scale; and (5) other benefits received by TAM (and its affiliates) and the Subadviser (and its affiliates) from their respective relationships with the Funds. In reviewing the information provided for the meeting, the Board recognized that the evaluation process with respect to TAM and the Subadviser was an ongoing one and, in this regard, the Board considered information provided by TAM and the Subadviser at regularly scheduled meetings throughout the year.

The nature, extent and quality of the advisory services provided, including performance. The Board considered the nature, extent and quality of the services provided by TAM and the Subadviser under the Agreements. In this regard, the Board considered the investment objective and strategy of each Fund, including the unique and dynamic nature of each Fund’s target index. The Board noted that each target index was designed to provide a type of risk-adjusted returns and, to do so, may allocate (and reallocate) weights among multiple asset classes, including equity and fixed income securities and cash, as frequently as daily, depending on market volatility. The Board reviewed the target indexes’ performance relative to non-risk-adjusted indexes over various periods and noted that they generally underperformed traditional indexes in upward trending markets. However, the Board also reviewed the Funds’ risk-reward profiles over various periods and observed that, as expected, each (target index and) Fund generally exhibited a lower risk profile than traditional index ETFs.

With respect to the Advisers’ services, the Board considered, among other things, their oversight of the target indexes, including their efforts to improve the target indexes by participating in the index provider’s public notice and comment process regarding the target indexes’ methodology. The Board also considered that, in order to track the target indexes, the Subadviser may be required to shift each Fund’s allocations among multiple asset classes as frequently as daily and to determine the most cost-effective manner in which to implement portfolio changes, such as by trading securities, futures or swap contracts. In this regard, the Board observed that the Subadviser may be required to more actively manage the portfolio than if the Funds sought to track more passive indexes. The Board considered the Subadviser’s broad experience implementing managed risk strategies and its strategic trading of derivatives on behalf of the Funds in order to equitize cash and manage the Funds’ tax positions. The Board noted the experience, capability and integrity of the TAM and Subadviser personnel involved with the Funds and, in particular, the qualifications of the Subadviser’s portfolio management team. In addition, the Board considered the financial position of the Advisers in order to confirm their ability to continue to meet their obligations to the Funds and provide a high level of services to the Funds under the Agreements. With respect to TAM, specifically, the Board also considered TAM’s extensive oversight responsibilities with respect to the Funds, including of the Subadviser’s active trading of each Fund’s portfolios, and of each Fund’s other service providers. The Board noted the varied and continuous nature of the raft of services provided by TAM to the Funds, including in the form of high quality fund administration, legal, compliance and Board reporting services.

The Board considered the compliance and operational resources of TAM and the Subadviser. In this regard, the Board reviewed a written report from the Trust’s chief compliance officer (“CCO”) setting forth her annual assessment of TAM’s and the Subadviser’s compliance programs, which reflected the CCO’s conclusion that each of TAM and the Subadviser maintained a robust compliance

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Approval of the Management Agreement and Investment Subadvisory Agreement (continued)

program with respect to the Funds. With respect to TAM’s compliance policies and procedures, the Board considered TAM’s recent and on-going implementation of various enhancements to its compliance program. In this regard, among other things, the Board noted the addition and/or elevation of experienced personnel to TAM’s compliance staff and its employee training initiatives. The Board also noted TAM’s successful implementation of various rules and regulations under the federal securities laws during the past year, including the adoption of basket policies and procedures for the Funds. The Trustees also considered TAM’s operational infrastructure, including its risk management, technology and cybersecurity controls and systems. In this regard, the Trustees noted the effectiveness of the Advisers’ remote work environments in connection with the novel coronavirus pandemic, including their uninterrupted provisions of services to the Funds.

The Board considered the performance of each Fund in light of its investment objective of seeking to replicate the performance results of its target index and in light of each target index being designed to provide a certain type of risk-adjusted returns. The Board noted the impact of recent market conditions, including market volatility, on the Funds’ performance. The Board reviewed the Funds’ daily tracking differences and annualized tracking errors, including fair value adjusted tracking errors, as well as the Funds’ daily tracking difference tolerance bands and maximum expected tracking error, including how the tolerance bands and maximum expected tracking error ranges were established and how consistently the Funds operated within these established parameters. The Board also considered the premiums and discounts and median bid-ask spreads at which the Funds traded during the calendar year 2020 and, separately, during the fourth quarter of 2020, noting that trading in the Funds’ shares seemed to be trending toward smaller premiums and discounts and narrower bid-ask spreads in the fourth quarter of 2020. On the basis of this and other information, the Board concluded that, under the Agreements, TAM and the Subadviser were providing an appropriate level of investment management services to the Funds and that the Funds could benefit from their continued management.

Management fees, subadvisory fees and net expense ratios. The Board considered the management fee and subadvisory fee as well as the net expense ratio of each of the Funds, including information comparing the management fee and net expense ratio of each Fund to the management fees and net expense ratios of its Broadridge peer group. In connection with its consideration of the peer group information provided by Broadridge, the Board received a presentation from Broadridge regarding its qualifications and experience providing peer group reviews to fund boards. In reviewing the management fee paid to TAM, the Board noted that the management fee is a “unitary” fee, meaning that TAM is responsible for paying all of the expenses of the Funds, including the subadvisory fee, out of the management fee (other than those expenses specifically excluded in the Management Agreement); accordingly, the Board observed that the management fee and the net expense ratio of each Fund is the same. In reviewing the peer group information, the Board observed that the management fee and net expense ratio of each Fund are higher than the median of its peer group. In evaluating the reasonableness of such fees, the Board considered the complexity of the portfolio management services required by each Fund in order to continuously track its target index, given the index’s managed risk nature and its frequent reallocation of weights among three asset classes. In addition, the Board considered TAM’s explanation of the differences between each Fund and the ETFs in its peer group, including that most of the peer group funds do not track dynamic indexes with allocations to multiple asset classes. In this regard, the Board factored in the largely passive nature of each Fund’s peer group constituents and the rationale for differences in management fees among the peer group.

The Board considered that management fee rates paid by the Funds to TAM under the Management Agreement ranged from 0.35% of average daily assets under management for DMRL to 0.60% for DMRE, with the management fee rates for DMRM, DMRS and DRMI being in between (at 0.45% for DMRM and DMRS and 0.50% for DMRI). The Board noted TAM’s representation that DMRI and DMRE, as a result of tracking foreign securities indexes, required more attention to trade and potentially fair value and warranted higher management fees. The Board also noted TAM’s representation that competitive considerations require it to accept a relatively lower management fee for DMRL than is representative of the value of TAM’s services to the Fund.

The Board reviewed the portion of each Fund’s management fee retained by TAM and the portion paid by TAM to the Subadviser, noting the different advisory fees retained by TAM for different Funds and the specific services provided by each of TAM and the Subadviser for the portion of the management fee retained under the Agreements. The Board considered that the Subadviser is responsible for the day-to-day management of the Funds’ portfolios, including responding to corporate actions and implementing representative sampling strategies, as appropriate. In this regard, the Board noted that certain Funds track broader indexes, which have more corporate actions and potential liquidity constraints, which may require more active management from the Subadviser.

The Board noted that TAM’s services to the Funds include, among others, oversight of the services provided by the Subadviser, custodian, transfer agent, independent accountant and legal counsel and supervision of the Funds’ recordkeeping and shareholder relations functions. In this regard, the Trustees considered that TAM provides supervisory, compliance and administrative services to each Fund and must continuously devote resources to the Funds’ investment, operational, enterprise, legal, regulatory and compliance functions. Further, the Board considered that TAM had made, and was continuing to make, significant commitments to the Funds’ success, including by hiring investment, legal and compliance personnel with extensive experience in the ETF industry. The Board noted that TAM’s commitment of resources to the Funds resulted in it assuming entrepreneurial risk, for which it may reasonably seek to be compensated.

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Approval of the Management Agreement and Investment Subadvisory Agreement (continued)

With respect to TAM’s oversight of the Subadviser, in particular, the Board noted that TAM, as a “manager of managers,” selects, oversees and monitors the Subadviser, and negotiates a subadvisory fee rate for each Fund. In reviewing the fairness of each Fund’s subadvisory fees, the Board observed that TAM pays the fees directly out of its management fee and, as a result, the subadvisory fees materially impact the profitability of the Funds’ to TAM. Accordingly, the Board reasoned that TAM would have negotiated the subadvisory fees on an arm’s length basis. The Board acknowledged that potential conflicts of interest, as posed by the broader relationship between TAM and its affiliates and the Subadviser and its affiliates, may have influenced the negotiation; however, the Board observed that each of TAM and the Subadviser have adopted policies and procedures that are designed to fully disclose and mitigate the impact of such potential conflicts. On the basis of these and other considerations, the Board determined that the management fee rate paid by each Fund to TAM, including as apportioned between TAM and the Subadviser under the Agreements, was reasonable in light of the services provided, and to be provided, and the risks borne, and to be borne, by TAM and the Subadviser, respectively.

The cost of advisory services provided and the level of profitability. The Board considered the profitability data provided by TAM and the Subadviser. With respect to the profitability of the Funds to TAM, the Board reviewed aggregate and per Fund profitability data, including the management fees earned by TAM and the expenses paid by TAM out of such management fees, in each case on a per Fund and aggregated basis. 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, the Board considered the nature and amount of direct and indirect expenses attributed to each Fund and, with respect to indirect expenses, the Board considered that TAM’s parent company directed the allocation of certain overhead expenses to each Fund pursuant to an allocation methodology that had been reviewed by the parent company’s auditor. The Board observed that TAM’s continued investment in internal ETF resources, including the hiring of experienced ETF legal, compliance and investment personnel, contributed to such expenses and benefitted the Funds but limited the profitability of the Funds, as a group, and of each Fund, individually, to TAM.

With respect to the profitability of the Funds to the Subadviser, the Board noted that each Fund appeared to be profitable. The Board considered, however, that the Subadviser was paid directly by TAM out of TAM’s management fees and, therefore, TAM could be assumed to have negotiated a competitive subadvisory fee rate that would ensure that no Fund was unreasonably profitable to the Subadviser. Based on this information, the Board determined that the profitability of TAM and the Subadviser 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. In this regard, the Board considered TAM’s continued investment in its ETF business, including its recent hiring of personnel with extensive ETF experience, noting that an adviser’s commitment of resources and reinvestment in its fund business represents one means of sharing economies of scale with fund shareholders. Based upon its review, the Board observed that, to the extent that the Funds could be deemed to be operating at economies of scale, TAM was effectively sharing such economies with the Funds; however, in light of the Funds’ direct and indirect expenses, the Board concluded that the Funds were not currently enjoying economies of scale and that, as each Fund grows, the Board will have the opportunity to re-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 the Subadviser and its affiliates from their respective relationships with the Funds. The Board noted that TAM would not realize soft dollar benefits from its relationships with the Funds, but that the Subadviser could engage in soft dollar arrangements consistent with applicable law and “best execution” requirements and that under such circumstances, the Subadviser would derive some fall-out benefits from its relationship with the Funds. The Board also considered the benefits to TAM and the Subadviser of investments in the Funds by such other funds that they, respectively, manage and subadvise. In light of certain partial waivers of fees otherwise earned by TAM (and passed through to the Subadviser) in connection with the investment by other funds in the Funds, the Board concluded that, under the totality of the circumstances, the fall-out benefits enjoyed by TAM and the Subadviser in connection with the Funds were not unreasonable.

Conclusion. The Board reviewed a memorandum from Independent Trustee counsel discussing the legal standards applicable to its consideration of the Agreements. The Board did not identify any single factor as being of paramount importance, and different Trustees may have given different weight to different factors. 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 the Subadviser, 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

(unaudited)

The Securities and Exchange Commission adopted Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”) to promote effective liquidity risk management throughout the open-end investment company industry, thereby reducing the risk that funds will be unable to meet their redemption obligations and mitigating dilution of the interests of fund shareholders.

The series of Transamerica ETF Trust (the “Trust”) (for purposes of this section only, the “Funds”), have adopted and implemented a liquidity risk management program pursuant to the Liquidity Rule (the “Program”). The Board of Trustees of the Trust (the “Board”) has appointed Transamerica Asset Management, Inc. (“TAM”), the investment manager to the Funds, as the Program administrator for the Funds. TAM has established a Liquidity Risk Management Committee (the “Committee”) to manage the Program for the Funds, including oversight of the liquidity risk management process, reporting to the Board, and reviewing the Program’s effectiveness.

The Board met on March 9, 2021 (the “Meeting”) to review the Program with respect to the Funds, pursuant to the Liquidity Rule. At the Meeting, the Committee provided the Board with a written report that addressed the operation of the Program during the 2020 Global Pandemic and assessed the Program’s adequacy and effectiveness, including the operation of the Funds’ Highly Liquid Investment Minimum (“HLIM”) as applicable, and material changes to the Program (the “Report”). The Report covered the period from January 1, 2020 through December 31, 2020 (the “Program Reporting Period”).

The Report described the Program’s liquidity classification methodology. The Report noted that the Funds utilize analysis from a third-party liquidity metrics service, which takes into account a variety of factors including market, trading and other investment specific considerations. The Report also discussed the Committee’s methodology in establishing a Fund’s HLIM, as applicable, and the Committee’s periodic review of each HLIM established. The Report noted one material change to the classification methodology during the Program Reporting Period. The Report reviewed the change and why the Committee believes the change is an enhancement to the prior method. The Report also noted that the Program includes provisions reasonably designed to comply with the 15% limit on illiquid investments.

The Report noted that the Program (a) complied with the key factors for consideration under the Liquidity Rule for monitoring the adequacy and effectiveness of the Program and (b) on a periodic basis assesses each Fund’s liquidity risk based on a variety of factors including: (1) the Fund’s investment strategy and portfolio liquidity during normal and reasonably foreseeable stressed conditions, (2) cash flow projections during normal and reasonably foreseeable stressed conditions, (3) holdings of cash and cash equivalents, borrowings and other funding sources and (4) the effective operation of the arbitrage mechanism.

The Report concluded that the Program is operating effectively and is reasonably designed to assess and manage the Funds’ liquidity risk pursuant to the requirements of the Liquidity Rule.

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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 at http://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 calling 1-888-316-8077; and (2) on the SEC’s website at http://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 at http://www.sec.gov within 60 days of the end of the fiscal quarter.

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

Important Notice Regarding Delivery of Shareholder Documents

Every year we provide 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. To the extent provided by mail, 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 2021

Page    64

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.

Transamerica ETF Trust Semi-Annual Report 2021

Page    65

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

1693936 06/21

Item 2: Code of Ethics.

Not applicable for semi-annual reports.

Item 3: Audit Committee Financial Experts.

Not applicable for semi-annual reports.

Item 4: Principal Accountant Fees and Services.

Not applicable for semi-annual reports.

Item 5: Audit Committee of Listed Registrants.

Not applicable for semi-annual reports.

Item 6: Schedule of Investments.

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

(b) Not applicable.

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

Not applicable.

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

Not applicable.

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

Not Applicable

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

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

Item 11: Controls and Procedures.

(a) The Registrant’s principal executive officer and principal financial officer evaluated the effectiveness of the Registrant’s disclosure controls and procedures within 90 days of this filing and have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are appropriately designed to ensure that information required to be disclosed by the Registrant in the reports that it files on Form N-CSR (a) is accumulated and communicated to Registrant’s management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission.

(b) The Registrant’s principal executive officer and principal financial officer are aware of no change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal 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 for Closed-End Management Investment Companies.

Not Applicable

Item 13: Exhibits.

(a)(1) Not applicable

(a)(2) Separate certifications for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the 1940 Act, are attached.

(a)(3) Not Applicable.

(a)(4) Not applicable.

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

SIGNATURES

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

Transamerica ETF Trust
(Registrant)
By:	/s/ Marijn P. Smit
	Marijn P. Smit
	President and Chief Executive Officer
	(Principal Executive Officer)
Date:	September 2, 2021

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 2, 2021
By:	/s/ Vincent J. Toner
	Vincent J. Toner
	Vice President, Treasurer, Principal Financial Officer and Principal Accounting Officer
Date:	September 2, 2021

EXHIBIT INDEX

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