Transamerica Small/Mid Cap Value VP
SCHEDULE OF INVESTMENTS
At March 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 96.7% | ||||||||
Aerospace & Defense - 2.3% | ||||||||
Curtiss-Wright Corp. | 12,200 | $ 3,122,468 | ||||||
Elbit Systems Ltd. | 5,050 | 1,061,661 | ||||||
Huntington Ingalls Industries, Inc. | 27,900 | 8,132,013 | ||||||
V2X, Inc. (A) | 7,650 | 357,332 | ||||||
|
| |||||||
12,673,474 | ||||||||
|
| |||||||
Automobile Components - 0.5% | ||||||||
Dana, Inc. | 35,100 | 445,770 | ||||||
Gentex Corp. | 18,900 | 682,668 | ||||||
Stoneridge, Inc. (A) | 9,650 | 177,946 | ||||||
Visteon Corp. (A) | 14,600 | 1,717,106 | ||||||
|
| |||||||
3,023,490 | ||||||||
|
| |||||||
Banks - 6.0% | ||||||||
Atlantic Union Bankshares Corp. | 19,400 | 685,014 | ||||||
Berkshire Hills Bancorp, Inc. | 62,700 | 1,437,084 | ||||||
Central Valley Community Bancorp | 12,700 | 252,603 | ||||||
Columbia Banking System, Inc. | 68,850 | 1,332,247 | ||||||
Dime Community Bancshares, Inc. | 68,600 | 1,321,236 | ||||||
First Citizens BancShares, Inc., Class A | 6,984 | 11,418,840 | ||||||
First Community Bankshares, Inc. | 40,000 | 1,385,200 | ||||||
First Merchants Corp. | 45,400 | 1,584,460 | ||||||
Lakeland Bancorp, Inc. | 94,400 | 1,142,240 | ||||||
OceanFirst Financial Corp. | 57,150 | 937,832 | ||||||
Princeton Bancorp, Inc. | 7,700 | 237,006 | ||||||
Provident Financial Services, Inc. | 56,400 | 821,748 | ||||||
Sandy Spring Bancorp, Inc. | 57,000 | 1,321,260 | ||||||
TrustCo Bank Corp. | 66,100 | 1,861,376 | ||||||
United Bankshares, Inc. | 13,650 | 488,534 | ||||||
United Community Banks, Inc. | 61,600 | 1,621,312 | ||||||
WaFd, Inc. | 86,700 | 2,516,901 | ||||||
Webster Financial Corp. | 64,250 | 3,261,972 | ||||||
|
| |||||||
33,626,865 | ||||||||
|
| |||||||
Biotechnology - 0.3% | ||||||||
Exelixis, Inc. (A) | 73,850 | 1,752,460 | ||||||
Prothena Corp. PLC (A) | 8,350 | 206,830 | ||||||
|
| |||||||
1,959,290 | ||||||||
|
| |||||||
Building Products - 2.1% | ||||||||
American Woodmark Corp. (A) | 19,950 | 2,028,117 | ||||||
Builders FirstSource, Inc. (A) | 8,500 | 1,772,675 | ||||||
Gibraltar Industries, Inc. (A) | 8,200 | 660,346 | ||||||
Hayward Holdings, Inc. (A) | 91,100 | 1,394,741 | ||||||
Masonite International Corp. (A) | 8,450 | 1,110,753 | ||||||
Owens Corning | 15,150 | 2,527,020 | ||||||
Quanex Building Products Corp. | 65,950 | 2,534,458 | ||||||
|
| |||||||
12,028,110 | ||||||||
|
| |||||||
Capital Markets - 0.9% | ||||||||
Piper Sandler Cos. | 14,400 | 2,858,256 | ||||||
Stifel Financial Corp. | 28,300 | 2,212,211 | ||||||
|
| |||||||
5,070,467 | ||||||||
|
| |||||||
Chemicals - 2.0% | ||||||||
Huntsman Corp. | 33,850 | 881,116 | ||||||
LSB Industries, Inc. (A) | 113,600 | 997,408 |
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Chemicals (continued) | ||||||||
Mosaic Co. | 183,800 | $ 5,966,148 | ||||||
Olin Corp. | 55,800 | 3,281,040 | ||||||
|
| |||||||
11,125,712 | ||||||||
|
| |||||||
Commercial Services & Supplies - 0.4% | ||||||||
HNI Corp. | 32,000 | 1,444,160 | ||||||
Tetra Tech, Inc. | 3,600 | 664,956 | ||||||
|
| |||||||
2,109,116 | ||||||||
|
| |||||||
Communications Equipment - 0.3% | ||||||||
Harmonic, Inc. (A) | 67,700 | 909,888 | ||||||
KVH Industries, Inc. (A) | 82,300 | 419,730 | ||||||
Silicom Ltd. (A) | 37,200 | 552,420 | ||||||
|
| |||||||
1,882,038 | ||||||||
|
| |||||||
Construction & Engineering - 1.8% | ||||||||
Comfort Systems USA, Inc. | 11,500 | 3,653,665 | ||||||
EMCOR Group, Inc. | 11,925 | 4,176,135 | ||||||
Granite Construction, Inc. | 36,750 | 2,099,528 | ||||||
|
| |||||||
9,929,328 | ||||||||
|
| |||||||
Consumer Finance - 0.7% | ||||||||
Ally Financial, Inc. | 102,200 | 4,148,298 | ||||||
|
| |||||||
Consumer Staples Distribution & Retail - 3.3% | ||||||||
Dollar General Corp. | 11,100 | 1,732,266 | ||||||
Dollar Tree, Inc. (A) | 37,800 | 5,033,070 | ||||||
Ingles Markets, Inc., Class A | 6,650 | 509,922 | ||||||
US Foods Holding Corp. (A) | 84,600 | 4,565,862 | ||||||
Village Super Market, Inc., Class A | 23,700 | 678,057 | ||||||
Walgreens Boots Alliance, Inc. | 282,300 | 6,123,087 | ||||||
|
| |||||||
18,642,264 | ||||||||
|
| |||||||
Containers & Packaging - 1.1% | ||||||||
Graphic Packaging Holding Co. | 169,900 | 4,957,682 | ||||||
Greif, Inc., Class A | 16,100 | 1,111,705 | ||||||
|
| |||||||
6,069,387 | ||||||||
|
| |||||||
Distributors - 0.9% | ||||||||
LKQ Corp. | 100,000 | 5,341,000 | ||||||
|
| |||||||
Diversified Consumer Services - 0.3% | ||||||||
American Public Education, Inc. (A) | 5,250 | 74,550 | ||||||
Stride, Inc. (A) | 29,300 | 1,847,365 | ||||||
|
| |||||||
1,921,915 | ||||||||
|
| |||||||
Diversified Telecommunication Services - 0.7% | ||||||||
GCI Liberty, Inc. (A) (B) (C) (D) | 60,500 | 0 | ||||||
Liberty Global Ltd., Class A (A) | 243,200 | 4,114,944 | ||||||
|
| |||||||
4,114,944 | ||||||||
|
| |||||||
Electric Utilities - 4.2% | ||||||||
Evergy, Inc. | 190,101 | 10,147,591 | ||||||
Exelon Corp. | 110,500 | 4,151,485 | ||||||
OGE Energy Corp. | 243,400 | 8,348,620 | ||||||
Portland General Electric Co. | 17,800 | 747,600 | ||||||
|
| |||||||
23,395,296 | ||||||||
|
| |||||||
Electrical Equipment - 0.9% | ||||||||
Acuity Brands, Inc. | 1,400 | 376,222 | ||||||
LSI Industries, Inc. | 164,500 | 2,487,240 | ||||||
Regal Rexnord Corp. | 10,850 | 1,954,085 | ||||||
|
| |||||||
4,817,547 | ||||||||
|
|
Transamerica Series Trust | Page 1 |
Transamerica Small/Mid Cap Value VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Electronic Equipment, Instruments & Components - 3.4% | ||||||||
Coherent Corp. (A) | 15,300 | $ 927,486 | ||||||
Flex Ltd. (A) | 57,700 | 1,650,797 | ||||||
IPG Photonics Corp. (A) | 7,500 | 680,175 | ||||||
Itron, Inc. (A) | 9,150 | 846,558 | ||||||
Methode Electronics, Inc. | 36,550 | 445,179 | ||||||
OSI Systems, Inc. (A) | 17,000 | 2,427,940 | ||||||
TD SYNNEX Corp. | 37,300 | 4,218,630 | ||||||
Vishay Intertechnology, Inc. | 79,850 | 1,810,998 | ||||||
Vontier Corp. | 131,887 | 5,982,394 | ||||||
|
| |||||||
18,990,157 | ||||||||
|
| |||||||
Energy Equipment & Services - 1.4% | ||||||||
Helix Energy Solutions Group, Inc. (A) | 168,750 | 1,829,250 | ||||||
Helmerich & Payne, Inc. | 33,200 | 1,396,392 | ||||||
Noble Corp. PLC | 65,100 | 3,156,699 | ||||||
Seadrill Ltd. (A) | 17,500 | 880,250 | ||||||
Select Water Solutions, Inc. | 51,300 | 473,499 | ||||||
|
| |||||||
7,736,090 | ||||||||
|
| |||||||
Entertainment - 1.8% | ||||||||
Madison Square Garden Entertainment Corp. (A) | 56,200 | 2,203,602 | ||||||
Madison Square Garden Sports Corp. (A) | 8,100 | 1,494,612 | ||||||
Sphere Entertainment Co. (A) | 24,700 | 1,212,276 | ||||||
Warner Bros Discovery, Inc. (A) | 585,900 | 5,114,907 | ||||||
|
| |||||||
10,025,397 | ||||||||
|
| |||||||
Financial Services - 2.7% | ||||||||
Corpay, Inc. (A) | 19,500 | 6,016,530 | ||||||
Fidelity National Information Services, Inc. | 57,300 | 4,250,514 | ||||||
Global Payments, Inc. | 38,100 | 5,092,446 | ||||||
|
| |||||||
15,359,490 | ||||||||
|
| |||||||
Food Products - 3.2% | ||||||||
Archer-Daniels-Midland Co. | 89,400 | 5,615,214 | ||||||
Nomad Foods Ltd. | 77,000 | 1,506,120 | ||||||
Post Holdings, Inc. (A) | 51,968 | 5,523,159 | ||||||
Tyson Foods, Inc., Class A | 90,800 | 5,332,684 | ||||||
|
| |||||||
17,977,177 | ||||||||
|
| |||||||
Gas Utilities - 0.9% | ||||||||
National Fuel Gas Co. | 93,100 | 5,001,332 | ||||||
|
| |||||||
Ground Transportation - 0.2% | ||||||||
U-Haul Holding Co. | 15,900 | 1,060,212 | ||||||
|
| |||||||
Health Care Equipment & Supplies - 0.9% | ||||||||
AngioDynamics, Inc. (A) | 112,500 | 660,375 | ||||||
Inmode Ltd. (A) | 45,200 | 976,772 | ||||||
Integra LifeSciences Holdings Corp. (A) | 4,700 | 166,615 | ||||||
Koninklijke Philips NV (A) (E) | 122,026 | 2,440,520 | ||||||
OraSure Technologies, Inc. (A) | 60,000 | 369,000 | ||||||
QuidelOrtho Corp. (A) | 11,850 | 568,089 | ||||||
|
| |||||||
5,181,371 | ||||||||
|
| |||||||
Health Care Providers & Services - 3.5% | ||||||||
AMN Healthcare Services, Inc. (A) | 15,000 | 937,650 | ||||||
Centene Corp. (A) | 76,322 | 5,989,751 | ||||||
Cross Country Healthcare, Inc. (A) | 98,300 | 1,840,176 | ||||||
Encompass Health Corp. | 28,500 | 2,353,530 | ||||||
Enhabit, Inc. (A) | 96,850 | 1,128,302 | ||||||
Laboratory Corp. of America Holdings | 31,677 | 6,920,157 | ||||||
National HealthCare Corp. | 6,600 | 623,766 | ||||||
|
| |||||||
19,793,332 | ||||||||
|
|
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Health Care REITs - 0.9% | ||||||||
Community Healthcare Trust, Inc. | 44,200 | $ 1,173,510 | ||||||
Healthpeak Properties, Inc. | 89,608 | 1,680,150 | ||||||
Sabra Health Care, Inc. | 142,000 | 2,097,340 | ||||||
|
| |||||||
4,951,000 | ||||||||
|
| |||||||
Hotel & Resort REITs - 0.6% | ||||||||
Apple Hospitality, Inc. | 125,900 | 2,062,242 | ||||||
DiamondRock Hospitality Co. | 98,700 | 948,507 | ||||||
Summit Hotel Properties, Inc. | 55,800 | 363,258 | ||||||
|
| |||||||
3,374,007 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 0.5% | ||||||||
Bloomin’ Brands, Inc. | 21,100 | 605,148 | ||||||
Bowlero Corp., Class A (E) | 45,100 | 617,870 | ||||||
Churchill Downs, Inc. | 10,850 | 1,342,688 | ||||||
Golden Entertainment, Inc. | 10,400 | 383,032 | ||||||
|
| |||||||
2,948,738 | ||||||||
|
| |||||||
Household Durables - 1.2% | ||||||||
Helen of Troy Ltd. (A) | 13,600 | 1,567,264 | ||||||
KB Home | 31,250 | 2,215,000 | ||||||
La-Z-Boy, Inc. | 33,750 | 1,269,675 | ||||||
PulteGroup, Inc. | 8,150 | 983,053 | ||||||
Sonos, Inc. (A) | 38,500 | 733,810 | ||||||
|
| |||||||
6,768,802 | ||||||||
|
| |||||||
Household Products - 0.3% | ||||||||
Spectrum Brands Holdings, Inc. | 20,500 | 1,824,705 | ||||||
|
| |||||||
Industrial REITs - 0.3% | ||||||||
LXP Industrial Trust | 163,550 | 1,475,221 | ||||||
|
| |||||||
Insurance - 5.1% | ||||||||
Arch Capital Group Ltd. (A) | 26,600 | 2,458,904 | ||||||
Everest Group Ltd. | 6,950 | 2,762,625 | ||||||
Fidelity National Financial, Inc. | 98,107 | 5,209,482 | ||||||
Markel Group, Inc. (A) | 5,178 | 7,878,223 | ||||||
Old Republic International Corp. | 146,079 | 4,487,547 | ||||||
Selective Insurance Group, Inc. | 21,000 | 2,292,570 | ||||||
United Fire Group, Inc. | 27,150 | 591,056 | ||||||
Willis Towers Watson PLC | 11,600 | 3,190,000 | ||||||
|
| |||||||
28,870,407 | ||||||||
|
| |||||||
Interactive Media & Services - 1.6% | ||||||||
IAC, Inc. (A) | 110,264 | 5,881,482 | ||||||
Match Group, Inc. (A) | 91,800 | 3,330,504 | ||||||
|
| |||||||
9,211,986 | ||||||||
|
| |||||||
Leisure Products - 0.7% | ||||||||
BRP, Inc. | 15,000 | 1,006,500 | ||||||
MasterCraft Boat Holdings, Inc. (A) | 60,500 | 1,435,060 | ||||||
Polaris, Inc. | 13,750 | 1,376,650 | ||||||
|
| |||||||
3,818,210 | ||||||||
|
| |||||||
Life Sciences Tools & Services - 1.9% | ||||||||
Azenta, Inc. (A) | 23,700 | 1,428,636 | ||||||
Bio-Rad Laboratories, Inc., Class A (A) | 24,000 | 8,300,880 | ||||||
Maravai LifeSciences Holdings, Inc., Class A (A) | 82,600 | 716,142 | ||||||
|
| |||||||
10,445,658 | ||||||||
|
| |||||||
Machinery - 2.0% | ||||||||
Allison Transmission Holdings, Inc. | 1,900 | 154,204 |
Transamerica Series Trust | Page 2 |
Transamerica Small/Mid Cap Value VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Machinery (continued) | ||||||||
CNH Industrial NV | 177,500 | $ 2,300,400 | ||||||
Columbus McKinnon Corp. | 47,100 | 2,102,073 | ||||||
Douglas Dynamics, Inc. | 20,150 | 486,018 | ||||||
Gencor Industries, Inc. (A) | 46,700 | 779,423 | ||||||
Miller Industries, Inc. | 22,400 | 1,122,240 | ||||||
Mueller Industries, Inc. | 66,200 | 3,570,166 | ||||||
Oshkosh Corp. | 6,350 | 791,908 | ||||||
|
| |||||||
11,306,432 | ||||||||
|
| |||||||
Media - 5.0% | ||||||||
Altice USA, Inc., Class A (A) | 530,700 | 1,385,127 | ||||||
EchoStar Corp., Class A (A) | 90,333 | 1,287,245 | ||||||
Fox Corp., Class A | 169,300 | 5,294,011 | ||||||
Liberty Broadband Corp., Class C (A) | 131,690 | 7,536,619 | ||||||
Liberty Media Corp. - Liberty SiriusXM, Class C (A) | 255,657 | 7,595,569 | ||||||
News Corp., Class A | 157,700 | 4,128,586 | ||||||
Perion Network Ltd. (A) | 39,700 | 892,456 | ||||||
|
| |||||||
28,119,613 | ||||||||
|
| |||||||
Metals & Mining - 1.0% | ||||||||
Commercial Metals Co. | 34,200 | 2,009,934 | ||||||
Kaiser Aluminum Corp. | 16,350 | 1,461,036 | ||||||
Metallus, Inc. (A) | 70,350 | 1,565,287 | ||||||
Radius Recycling, Inc., Class A | 37,250 | 787,093 | ||||||
|
| |||||||
5,823,350 | ||||||||
|
| |||||||
Multi-Utilities - 5.1% | ||||||||
CenterPoint Energy, Inc. | 178,300 | 5,079,767 | ||||||
Dominion Energy, Inc. | 242,800 | 11,943,332 | ||||||
NiSource, Inc. | 313,000 | 8,657,580 | ||||||
Northwestern Energy Group, Inc. | 65,100 | 3,315,543 | ||||||
|
| |||||||
28,996,222 | ||||||||
|
| |||||||
Office REITs - 0.7% | ||||||||
Brandywine Realty Trust | 61,250 | 294,000 | ||||||
JBG SMITH Properties | 204,600 | 3,283,830 | ||||||
Piedmont Office Realty Trust, Inc., Class A | 65,100 | 457,653 | ||||||
|
| |||||||
4,035,483 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 6.7% | ||||||||
Chesapeake Energy Corp. | 37,800 | 3,357,774 | ||||||
Delek US Holdings, Inc. | 52,250 | 1,606,165 | ||||||
EQT Corp. | 94,700 | 3,510,529 | ||||||
HF Sinclair Corp. | 59,200 | 3,573,904 | ||||||
Kinder Morgan, Inc. | 427,400 | 7,838,516 | ||||||
Magnolia Oil & Gas Corp., Class A | 200,450 | 5,201,677 | ||||||
Ovintiv, Inc. | 41,250 | 2,140,875 | ||||||
REX American Resources Corp. (A) | 45,650 | 2,680,111 | ||||||
Teekay Tankers Ltd., Class A | 10,650 | 622,067 | ||||||
Williams Cos., Inc. | 179,800 | 7,006,806 | ||||||
|
| |||||||
37,538,424 | ||||||||
|
| |||||||
Paper & Forest Products - 0.5% | ||||||||
Louisiana-Pacific Corp. | 30,900 | 2,592,819 | ||||||
|
| |||||||
Pharmaceuticals - 4.5% | ||||||||
Catalent, Inc. (A) | 57,700 | 3,257,165 | ||||||
Innoviva, Inc. (A) | 129,000 | 1,965,960 | ||||||
Jazz Pharmaceuticals PLC (A) | 43,000 | 5,178,060 | ||||||
Organon & Co. | 183,900 | 3,457,320 | ||||||
Perrigo Co. PLC | 229,050 | 7,373,119 | ||||||
Viatris, Inc. | 349,300 | 4,170,642 | ||||||
|
| |||||||
25,402,266 | ||||||||
|
|
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Professional Services - 3.4% | ||||||||
ASGN, Inc. (A) | 15,700 | $ 1,644,732 | ||||||
Clarivate PLC (A) (E) | 355,800 | 2,643,594 | ||||||
FTI Consulting, Inc. (A) | 2,550 | 536,240 | ||||||
Heidrick & Struggles International, Inc. | 38,250 | 1,287,495 | ||||||
ICF International, Inc. | 19,350 | 2,914,690 | ||||||
Jacobs Solutions, Inc. | 21,500 | 3,305,195 | ||||||
KBR, Inc. | 52,700 | 3,354,882 | ||||||
Leidos Holdings, Inc. | 13,200 | 1,730,388 | ||||||
Science Applications International Corp. | 13,500 | 1,760,265 | ||||||
|
| |||||||
19,177,481 | ||||||||
|
| |||||||
Real Estate Management & Development - 0.1% | ||||||||
Newmark Group, Inc., Class A | 44,250 | 490,733 | ||||||
|
| |||||||
Retail REITs - 0.5% | ||||||||
Agree Realty Corp. | 22,850 | 1,305,192 | ||||||
Kite Realty Group Trust | 38,200 | 828,176 | ||||||
Realty Income Corp. | 12,300 | 665,430 | ||||||
|
| |||||||
2,798,798 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 2.2% | ||||||||
AXT, Inc. (A) | 91,900 | 421,821 | ||||||
Cohu, Inc. (A) | 52,250 | 1,741,492 | ||||||
Kulicke & Soffa Industries, Inc. | 6,100 | 306,891 | ||||||
Magnachip Semiconductor Corp. (A) | 130,000 | 725,400 | ||||||
MKS Instruments, Inc. | 11,800 | 1,569,400 | ||||||
Onto Innovation, Inc. (A) | 13,950 | 2,526,066 | ||||||
Qorvo, Inc. (A) | 10,200 | 1,171,266 | ||||||
Silicon Motion Technology Corp., ADR | 20,500 | 1,577,270 | ||||||
Tower Semiconductor Ltd. (A) | 39,650 | 1,326,293 | ||||||
Universal Display Corp. | 7,600 | 1,280,220 | ||||||
|
| |||||||
12,646,119 | ||||||||
|
| |||||||
Software - 0.6% | ||||||||
Adeia, Inc. | 115,700 | 1,263,444 | ||||||
Progress Software Corp. | 36,600 | 1,951,146 | ||||||
|
| |||||||
3,214,590 | ||||||||
|
| |||||||
Specialized REITs - 0.9% | ||||||||
Gaming & Leisure Properties, Inc. | 108,053 | 4,978,002 | ||||||
|
| |||||||
Specialty Retail - 2.1% | ||||||||
Abercrombie & Fitch Co., Class A (A) | 18,000 | 2,255,940 | ||||||
Academy Sports & Outdoors, Inc. | 11,100 | 749,694 | ||||||
Advance Auto Parts, Inc. | 30,000 | 2,552,700 | ||||||
American Eagle Outfitters, Inc. | 86,250 | 2,224,387 | ||||||
Urban Outfitters, Inc. (A) | 44,150 | 1,916,993 | ||||||
Williams-Sonoma, Inc. | 6,900 | 2,190,957 | ||||||
|
| |||||||
11,890,671 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 0.8% | ||||||||
Hewlett Packard Enterprise Co. | 242,000 | 4,290,660 | ||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 0.8% | ||||||||
Deckers Outdoor Corp. (A) | 1,875 | 1,764,863 | ||||||
Steven Madden Ltd. | 33,600 | 1,420,608 | ||||||
Tapestry, Inc. | 29,150 | 1,384,042 | ||||||
|
| |||||||
4,569,513 | ||||||||
|
| |||||||
Total Common Stocks |
| 544,563,009 | ||||||
|
|
Transamerica Series Trust | Page 3 |
Transamerica Small/Mid Cap Value VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Shares | Value | |||||||
OTHER INVESTMENT COMPANY - 0.1% | ||||||||
Securities Lending Collateral - 0.1% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 5.29% (F) | 682,281 | $ 682,281 | ||||||
|
| |||||||
Total Other Investment Company |
| 682,281 | ||||||
|
| |||||||
Principal | Value | |||||||
REPURCHASE AGREEMENT - 3.6% | ||||||||
Fixed Income Clearing Corp., 2.50% (F), dated 03/28/2024, to be repurchased at $20,196,602 on 04/01/2024. Collateralized by a U.S. Government Obligation, 4.25%, due 12/31/2025, and with a value of $20,594,887. | $ 20,190,993 | 20,190,993 | ||||||
|
| |||||||
Total Repurchase Agreement |
| 20,190,993 | ||||||
|
| |||||||
Total Investments |
| 565,436,283 | ||||||
Net Other Assets (Liabilities) - (0.4)% | (2,230,542 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ 563,205,741 | |||||||
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Transamerica Series Trust | Page 4 |
Transamerica Small/Mid Cap Value VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
INVESTMENT VALUATION:
Valuation Inputs (G)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs (H) | Value | |||||||||||||
ASSETS |
| |||||||||||||||
Investments | ||||||||||||||||
Common Stocks | $ | 544,563,009 | $ | — | $ | 0 | $ | 544,563,009 | ||||||||
Other Investment Company | 682,281 | — | — | 682,281 | ||||||||||||
Repurchase Agreement | — | 20,190,993 | — | 20,190,993 | ||||||||||||
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|
|
|
|
|
|
| |||||||||
Total Investments | $ | 545,245,290 | $ | 20,190,993 | $ | 0 | $ | 565,436,283 | ||||||||
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FOOTNOTES TO SCHEDULE OF INVESTMENTS:
(A) | Non-income producing securities. | |
(B) | Fair valued as determined in good faith in accordance with procedures established by the Board. At March 31, 2024, the value of the security is $0, representing less than 0.1% of the Portfolio’s net assets. | |
(C) | Security deemed worthless. | |
(D) | Security is Level 3 of the fair value hierarchy. | |
(E) | All or a portion of the securities are on loan. The total value of all securities on loan is $5,264,041, collateralized by cash collateral of $682,281 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $4,755,411. 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. | |
(F) | Rates disclosed reflect the yields at March 31, 2024. | |
(G) | There were no transfers in or out of Level 3 during the period ended March 31, 2024. Please reference the Investment Valuation section of the Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs. | |
(H) | Level 3 securities were not considered significant to the Portfolio. |
PORTFOLIO ABBREVIATIONS:
ADR | American Depositary Receipt | |
REIT | Real Estate Investment Trust |
Transamerica Series Trust | Page 5 |
Transamerica Small/Mid Cap Value VP
NOTES TO SCHEDULE OF INVESTMENTS
At March 31, 2024
(unaudited)
INVESTMENT VALUATION
Transamerica Small/Mid Cap Value VP (the “Portfolio”) is a series of the Transamerica Series Trust.
Transamerica Asset Management, Inc. (“TAM”) has been designated as the Portfolio’s valuation designee pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, with responsibility for fair valuation subject to oversight by the Portfolio’s Board of Trustees. The net asset value of the Portfolio is computed as of the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business.
TAM utilizes various methods to measure the fair value of its investments on a recurring basis. Generally Accepted Accounting Principles in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels (“Levels”) of inputs of the fair value hierarchy are defined as follows:
Level 1 — Unadjusted quoted prices in active markets for identical securities.
Level 2 — Inputs, other than quoted prices included in Level 1, which are observable, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.
Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include TAM’s own assumptions used in determining the fair value of the Portfolio’s investments.
The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value (“NAV”) per share, or its equivalent, using the “practical expedient” have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Portfolio’s investments at March 31, 2024, is disclosed within the Investment Valuation section of the Schedule of Investments.
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material.
Fair value measurements: Descriptions of the valuation techniques applied to the Portfolio’s 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, or ETFs and the movement of certain indices of securities based on a statistical analysis of their historical relationship; such valuations generally are categorized in Level 2.
Securities lending collateral: Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.
Repurchase agreements: Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.
Transamerica Series Trust | Page 6 |