Transamerica Janus Balanced VP
SCHEDULE OF INVESTMENTS
At March 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 60.1% | ||||||||
Aerospace & Defense - 0.6% | ||||||||
General Dynamics Corp. | 20,814 | $ 5,879,747 | ||||||
|
| |||||||
Banks - 1.3% | ||||||||
JPMorgan Chase & Co. | 62,271 | 12,472,881 | ||||||
|
| |||||||
Beverages - 1.2% | ||||||||
Constellation Brands, Inc., Class A | 18,683 | 5,077,292 | ||||||
Monster Beverage Corp. (A) | 109,430 | 6,487,010 | ||||||
|
| |||||||
11,564,302 | ||||||||
|
| |||||||
Biotechnology - 1.3% | ||||||||
AbbVie, Inc. | 37,811 | 6,885,383 | ||||||
Amgen, Inc. | 8,012 | 2,277,972 | ||||||
Vertex Pharmaceuticals, Inc. (A) | 8,418 | 3,518,808 | ||||||
|
| |||||||
12,682,163 | ||||||||
|
| |||||||
Broadline Retail - 2.3% | ||||||||
Amazon.com, Inc. (A) | 121,533 | 21,922,122 | ||||||
|
| |||||||
Building Products - 0.5% | ||||||||
Trane Technologies PLC | 17,156 | 5,150,231 | ||||||
|
| |||||||
Capital Markets - 1.8% | ||||||||
Charles Schwab Corp. | 57,418 | 4,153,618 | ||||||
CME Group, Inc. | 25,143 | 5,413,036 | ||||||
Morgan Stanley | 81,466 | 7,670,839 | ||||||
|
| |||||||
17,237,493 | ||||||||
|
| |||||||
Chemicals - 0.5% | ||||||||
Corteva, Inc. | 78,879 | 4,548,952 | ||||||
|
| |||||||
Communications Equipment - 0.2% | ||||||||
Motorola Solutions, Inc. | 5,563 | 1,974,754 | ||||||
|
| |||||||
Consumer Finance - 1.5% | ||||||||
American Express Co. | 62,282 | 14,180,989 | ||||||
|
| |||||||
Consumer Staples Distribution & Retail - 1.3% | ||||||||
Costco Wholesale Corp. | 9,897 | 7,250,839 | ||||||
Sysco Corp. | 67,334 | 5,466,174 | ||||||
|
| |||||||
12,717,013 | ||||||||
|
| |||||||
Electrical Equipment - 0.4% | ||||||||
Rockwell Automation, Inc. | 12,660 | 3,688,238 | ||||||
|
| |||||||
Energy Equipment & Services - 0.4% | ||||||||
Schlumberger NV | 63,757 | 3,494,521 | ||||||
|
| |||||||
Entertainment - 0.7% | ||||||||
Netflix, Inc. (A) | 6,293 | 3,821,928 | ||||||
Walt Disney Co. | 25,523 | 3,122,994 | ||||||
|
| |||||||
6,944,922 | ||||||||
|
| |||||||
Financial Services - 2.3% | ||||||||
Mastercard, Inc., Class A | 47,015 | 22,641,014 | ||||||
|
| |||||||
Food Products - 0.4% | ||||||||
Hershey Co. | 18,566 | 3,611,087 | ||||||
|
| |||||||
Health Care Equipment & Supplies - 1.8% | ||||||||
Abbott Laboratories | 73,526 | 8,356,965 |
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Health Care Equipment & Supplies (continued) | ||||||||
Edwards Lifesciences Corp. (A) | 40,240 | $ 3,845,335 | ||||||
Stryker Corp. | 14,922 | 5,340,136 | ||||||
|
| |||||||
17,542,436 | ||||||||
|
| |||||||
Health Care Providers & Services - 2.0% | ||||||||
HCA Healthcare, Inc. | 9,944 | 3,316,622 | ||||||
UnitedHealth Group, Inc. | 32,713 | 16,183,121 | ||||||
|
| |||||||
19,499,743 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 4.1% | ||||||||
Booking Holdings, Inc. | 2,151 | 7,803,570 | ||||||
Chipotle Mexican Grill, Inc. (A) | 1,527 | 4,438,638 | ||||||
Hilton Worldwide Holdings, Inc. | 51,787 | 11,046,685 | ||||||
McDonald’s Corp. | 37,058 | 10,448,503 | ||||||
Starbucks Corp. | 63,542 | 5,807,103 | ||||||
|
| |||||||
39,544,499 | ||||||||
|
| |||||||
Household Products - 0.7% | ||||||||
Procter & Gamble Co. | 41,833 | 6,787,404 | ||||||
|
| |||||||
Industrial Conglomerates - 0.8% | ||||||||
Honeywell International, Inc. | 39,561 | 8,119,895 | ||||||
|
| |||||||
Insurance - 1.9% | ||||||||
Marsh & McLennan Cos., Inc. | 21,143 | 4,355,035 | ||||||
Progressive Corp. | 69,075 | 14,286,092 | ||||||
|
| |||||||
18,641,127 | ||||||||
|
| |||||||
Interactive Media & Services - 4.7% | ||||||||
Alphabet, Inc., Class C (A) | 167,714 | 25,536,134 | ||||||
Meta Platforms, Inc., Class A | 42,294 | 20,537,120 | ||||||
|
| |||||||
46,073,254 | ||||||||
|
| |||||||
IT Services - 1.3% | ||||||||
Accenture PLC, Class A | 36,502 | 12,651,958 | ||||||
|
| |||||||
Life Sciences Tools & Services - 1.0% | ||||||||
Danaher Corp. | 10,602 | 2,647,532 | ||||||
Thermo Fisher Scientific, Inc. | 12,363 | 7,185,499 | ||||||
|
| |||||||
9,833,031 | ||||||||
|
| |||||||
Machinery - 0.9% | ||||||||
Deere & Co. | 21,225 | 8,717,956 | ||||||
|
| |||||||
Media - 0.5% | ||||||||
Comcast Corp., Class A | 116,076 | 5,031,895 | ||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 1.3% | ||||||||
Chevron Corp. | 34,249 | 5,402,437 | ||||||
ConocoPhillips | 59,573 | 7,582,452 | ||||||
|
| |||||||
12,984,889 | ||||||||
|
| |||||||
Pharmaceuticals - 2.3% | ||||||||
Eli Lilly & Co. | 14,136 | 10,997,243 | ||||||
Merck & Co., Inc. | 54,231 | 7,155,780 | ||||||
Zoetis, Inc. | 22,324 | 3,777,444 | ||||||
|
| |||||||
21,930,467 | ||||||||
|
| |||||||
Professional Services - 0.6% | ||||||||
Automatic Data Processing, Inc. | 24,766 | 6,185,061 | ||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 6.8% | ||||||||
KLA Corp. | 10,373 | 7,246,267 | ||||||
Lam Research Corp. | 15,311 | 14,875,708 |
Transamerica Series Trust | Page 1 |
Transamerica Janus Balanced VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Semiconductors & Semiconductor Equipment (continued) | ||||||||
NVIDIA Corp. | 41,805 | $ 37,773,326 | ||||||
Texas Instruments, Inc. | 37,996 | 6,619,283 | ||||||
|
| |||||||
66,514,584 | ||||||||
|
| |||||||
Software - 7.8% | ||||||||
Adobe, Inc. (A) | 11,185 | 5,643,951 | ||||||
Cadence Design Systems, Inc. (A) | 8,826 | 2,747,357 | ||||||
Intuit, Inc. | 8,182 | 5,318,300 | ||||||
Microsoft Corp. | 134,363 | 56,529,202 | ||||||
Oracle Corp. | 44,377 | 5,574,195 | ||||||
|
| |||||||
75,813,005 | ||||||||
|
| |||||||
Specialty Retail - 1.4% | ||||||||
Home Depot, Inc. | 19,406 | 7,444,142 | ||||||
TJX Cos., Inc. | 64,803 | 6,572,320 | ||||||
|
| |||||||
14,016,462 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 2.6% | ||||||||
Apple, Inc. | 146,076 | 25,049,112 | ||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 0.9% | ||||||||
NIKE, Inc., Class B | 88,857 | 8,350,781 | ||||||
|
| |||||||
Total Common Stocks |
| 583,997,988 | ||||||
|
| |||||||
Principal | Value | |||||||
ASSET-BACKED SECURITIES - 2.9% | ||||||||
ACC Auto Trust | ||||||||
Series 2022-A, Class A, | ||||||||
4.58%, 07/15/2026 (B) | $ 56,651 | 56,424 | ||||||
Aqua Finance Trust | ||||||||
Series 2021-A, Class A, | ||||||||
1.54%, 07/17/2046 (B) | 173,381 | 155,038 | ||||||
ARES LX CLO Ltd. | ||||||||
Series 2021-60A, Class A, | ||||||||
3-Month Term SOFR + 1.38%, | 250,000 | 250,116 | ||||||
Arivo Acceptance Auto Loan Receivables Trust | ||||||||
Series 2022-1A, Class A, | ||||||||
3.93%, 05/15/2028 (B) | 128,741 | 126,737 | ||||||
CBAM Ltd. | ||||||||
Series 2019-11RA, Class A1, | ||||||||
3-Month Term SOFR + 1.44%, | 1,210,000 | 1,210,151 | ||||||
Series 2019-11RA, Class B, | ||||||||
3-Month Term SOFR + 2.01%, | 308,466 | 308,141 | ||||||
CF Hippolyta Issuer LLC | ||||||||
Series 2021-1A, Class A1, | ||||||||
1.53%, 03/15/2061 (B) | 778,462 | 704,097 | ||||||
Series 2021-1A, Class B1, | ||||||||
1.98%, 03/15/2061 (B) | 294,044 | 258,787 | ||||||
Series 2022-1A , Class A1, | ||||||||
5.97%, 08/15/2062 (B) | 880,395 | 858,551 | ||||||
Series 2022-1A , Class A2, | ||||||||
6.11%, 08/15/2062 (B) | 2,064,677 | 2,004,889 | ||||||
CIFC Funding Ltd. | ||||||||
Series 2021-7A, Class A1, | ||||||||
3-Month Term SOFR + 1.39%, | 375,000 | 375,017 | ||||||
Series 2021-7A, Class B, | ||||||||
3-Month Term SOFR + 1.86%, | 250,874 | 250,865 |
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
CIM Trust | ||||||||
Series 2021-NR1, Class A1, | ||||||||
5.57% (C), 07/25/2055 (B) | $ 230,619 | $ 228,212 | ||||||
Series 2021-NR4, Class A1, | ||||||||
2.82% (C), 10/25/2061 (B) | 157,323 | 153,269 | ||||||
CP EF Asset Securitization I LLC | ||||||||
Class A, | ||||||||
5.96%, 04/15/2030 (B) | 150,076 | 149,011 | ||||||
CP EF Asset Securitization II LLC | ||||||||
Series 2023-1A, Class A, | ||||||||
7.48%, 03/15/2032 (B) | 411,690 | 412,507 | ||||||
CRB Securitization Trust | ||||||||
Series 2023-1, Class A, | ||||||||
6.96%, 10/20/2033 (B) | 165,981 | 167,316 | ||||||
CyrusOne Data Centers Issuer I LLC | ||||||||
Series 2023-2A, Class A2, | ||||||||
5.56%, 11/20/2048 (B) | 872,000 | 854,216 | ||||||
Series 2024-1A, Class A2, | ||||||||
4.76%, 03/22/2049 (B) | 372,724 | 350,684 | ||||||
Diamond Infrastructure Funding LLC | ||||||||
Series 2021-1A, Class A, | ||||||||
1.76%, 04/15/2049 (B) | 821,000 | 732,843 | ||||||
Domino’s Pizza Master Issuer LLC | ||||||||
Series 2018-1A, Class A2I, | ||||||||
4.12%, 07/25/2048 (B) | 747,578 | 727,307 | ||||||
Elmwood CLO II Ltd. | ||||||||
Series 2019-2A, Class AR, | ||||||||
3-Month Term SOFR + 1.41%, | 339,000 | 339,292 | ||||||
Exeter Automobile Receivables Trust | ||||||||
Series 2021-1A, Class D, | ||||||||
1.08%, 11/16/2026 | 457,964 | 446,599 | ||||||
Gracie Point International Funding LLC | ||||||||
Series 2024-1A, Class A, | ||||||||
3-Month SOFR Average + 1.70%, | 287,000 | 287,740 | ||||||
HPS Loan Management Ltd. | ||||||||
Series 2021-16A, Class B, | ||||||||
3-Month Term SOFR + 1.96%, | 250,000 | 249,742 | ||||||
JPMorgan Chase Bank NA - CACLN | ||||||||
Series 2021-1, Class B, | ||||||||
0.88%, 09/25/2028 (B) | 26,811 | 26,527 | ||||||
Series 2021-2, Class B, | ||||||||
0.89%, 12/26/2028 (B) | 82,565 | 81,100 | ||||||
LAD Auto Receivables Trust | ||||||||
Series 2021-1A, Class A, | ||||||||
1.30%, 08/17/2026 (B) | 50,716 | 50,335 | ||||||
Series 2022-1A, Class A, | ||||||||
5.21%, 06/15/2027 (B) | 387,154 | 386,133 | ||||||
Lendbuzz Securitization Trust | ||||||||
Series 2022-1A, Class A, | ||||||||
4.22%, 05/17/2027 (B) | 359,761 | 353,720 | ||||||
Series 2023-1A, Class A2, | ||||||||
6.92%, 08/15/2028 (B) | 268,598 | 270,575 | ||||||
Libra Solutions LLC | ||||||||
Series 2022-1A, Class A, | ||||||||
4.75%, 05/15/2034 (B) | 64,189 | 63,757 | ||||||
Series 2022-2A , Class A, | ||||||||
6.85%, 10/15/2034 (B) | 94,734 | 94,445 |
Transamerica Series Trust | Page 2 |
Transamerica Janus Balanced VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
LL ABS Trust | ||||||||
Series 2022-2A, Class A, | ||||||||
6.63%, 05/15/2030 (B) | $ 18,492 | $ 18,499 | ||||||
Logan CLO II Ltd. | ||||||||
Series 2021-2A, Class A, | ||||||||
3-Month Term SOFR + 1.41%, | 582,571 | 583,056 | ||||||
M&T Equipment Notes | ||||||||
Series 2023-1A, Class A2, | ||||||||
6.09%, 07/15/2030 (B) | 335,414 | 335,603 | ||||||
Series 2023-1A, Class A3, | ||||||||
5.74%, 07/15/2030 (B) | 207,000 | 207,267 | ||||||
Marlette Funding Trust | ||||||||
Series 2023-2A, Class B, | ||||||||
6.54%, 06/15/2033 (B) | 224,000 | 225,110 | ||||||
Mercury Financial Credit Card Master Trust | ||||||||
Series 2023-1A, Class A, | ||||||||
8.04%, 09/20/2027 (B) | 718,000 | 724,023 | ||||||
New Economy Assets Phase 1 Sponsor LLC | ||||||||
Series 2021-1, Class B1, | ||||||||
2.41%, 10/20/2061 (B) | 353,000 | 296,531 | ||||||
NRZ Excess Spread-Collateralized Notes | ||||||||
Series 2020-PLS1, Class A, | ||||||||
3.84%, 12/25/2025 (B) | 134,199 | 128,643 | ||||||
Series 2021-FHT1, Class A, | ||||||||
3.10%, 07/25/2026 (B) | 234,807 | 219,015 | ||||||
Oak Street Investment Grade Net Lease Fund | ||||||||
Series 2020-1A, Class A1, | ||||||||
1.85%, 11/20/2050 (B) | 671,672 | 623,043 | ||||||
Octagon Investment Partners 48 Ltd. | ||||||||
Series 2020-3A, Class AR, | ||||||||
3-Month Term SOFR + 1.41%, | 351,000 | 351,061 | ||||||
Pagaya AI Debt Trust | ||||||||
Series 2022-1, Class A, | ||||||||
2.03%, 10/15/2029 (B) | 78,205 | 77,442 | ||||||
PRET LLC | ||||||||
Series 2023-RN1, Class A1, | ||||||||
8.23% (C), 09/25/2053 (B) | 941,224 | 952,544 | ||||||
PRPM LLC | ||||||||
Series 2021-10, Class A1, | ||||||||
2.49% (C), 10/25/2026 (B) | 584,096 | 573,004 | ||||||
Series 2021-9, Class A1, | ||||||||
2.36% (C), 10/25/2026 (B) | 501,744 | 489,156 | ||||||
Series 2022-2, Class A1, | ||||||||
5.00% (C), 03/25/2027 (B) | 924,106 | 910,846 | ||||||
Rad CLO 21 Ltd. | ||||||||
Series 2023-21A, Class A, | ||||||||
3-Month Term SOFR + 1.59%, | 521,477 | 523,691 | ||||||
RCKT Mortgage Trust | ||||||||
Series 2024-CES1, Class A1A, | ||||||||
6.03% (C), 02/25/2044 (B) | 574,091 | 573,458 | ||||||
Regatta XXIII Funding Ltd. | ||||||||
Series 2021-4A, Class A1, | ||||||||
3-Month Term SOFR + 1.41%, | 952,000 | 952,473 | ||||||
Series 2021-4A, Class B, | ||||||||
3-Month Term SOFR + 1.96%, | 264,465 | 264,477 |
Principal | Value | |||||||
ASSET-BACKED SECURITIES (continued) | ||||||||
Saluda Grade Alternative Mortgage Trust | ||||||||
Series 2023-FIG4, Class A, | ||||||||
6.72% (C), 11/25/2053 (B) | $ 615,303 | $ 627,655 | ||||||
Santander Bank Auto Credit-Linked Notes | ||||||||
Series 2021-1A, Class B, | ||||||||
1.83%, 12/15/2031 (B) | 46,612 | 45,942 | ||||||
Series 2022-A, Class B, | ||||||||
5.28%, 05/15/2032 (B) | 323,052 | 321,249 | ||||||
Series 2022-B, Class A2, | ||||||||
5.59%, 08/16/2032 (B) | 126,262 | 126,107 | ||||||
Tesla Auto Lease Trust | ||||||||
Series 2021-B, Class B, | ||||||||
0.91%, 09/22/2025 (B) | 202,000 | 200,214 | ||||||
THL Credit Wind River CLO Ltd. | ||||||||
Series 2019-1A , Class AR, | ||||||||
3-Month Term SOFR + 1.42%, | 314,000 | 314,033 | ||||||
Towd Point Mortgage Trust | ||||||||
Seies 2023-CES2, Class A1A, | ||||||||
7.29% (C), 10/25/2063 (B) | 364,499 | 371,349 | ||||||
Upstart Securitization Trust | ||||||||
Series 2021-5, Class A, | ||||||||
1.31%, 11/20/2031 (B) | 4,906 | 4,893 | ||||||
Series 2022-1, Class A, | ||||||||
3.12%, 03/20/2032 (B) | 176,184 | 174,770 | ||||||
Series 2022-2, Class A, | ||||||||
4.37%, 05/20/2032 (B) | 139,112 | 138,869 | ||||||
Vantage Data Centers Issuer LLC | ||||||||
Series 2020-1A, Class A2, | ||||||||
1.65%, 09/15/2045 (B) | 925,000 | 866,644 | ||||||
Series 2021-1A, Class A2, | ||||||||
2.17%, 10/15/2046 (B) | 1,953,558 | 1,782,737 | ||||||
Vantage Data Centers LLC | ||||||||
Series 2020-2A, Class A2, | ||||||||
1.99%, 09/15/2045 (B) | 596,000 | 525,172 | ||||||
VCAT LLC | ||||||||
Series 2021-NPL1, Class A1, | ||||||||
5.29% (C), 12/26/2050 (B) | 68,985 | 68,499 | ||||||
Westgate Resorts LLC | ||||||||
Series 2022-1A, Class A, | ||||||||
1.79%, 08/20/2036 (B) | 131,772 | 126,420 | ||||||
|
| |||||||
Total Asset-Backed Securities | 27,707,638 | |||||||
|
| |||||||
CORPORATE DEBT SECURITIES - 12.3% | ||||||||
Aerospace & Defense - 0.3% | ||||||||
BAE Systems PLC | ||||||||
5.13%, 03/26/2029 (B) | 386,000 | 387,397 | ||||||
5.25%, 03/26/2031 (B) | 200,000 | 200,972 | ||||||
5.30%, 03/26/2034 (B) | 562,000 | 565,103 | ||||||
TransDigm, Inc. | ||||||||
6.38%, 03/01/2029 (B) | 253,000 | 254,108 | ||||||
6.63%, 03/01/2032 (B) | 1,140,000 | 1,152,143 | ||||||
|
| |||||||
2,559,723 | ||||||||
|
| |||||||
Automobiles - 0.3% | ||||||||
Ford Motor Credit Co. LLC | ||||||||
5.80%, 03/08/2029 (D) | 830,000 | 833,001 | ||||||
6.13%, 03/08/2034 | 645,000 | 648,042 | ||||||
7.12%, 11/07/2033 | 474,000 | 510,407 | ||||||
7.20%, 06/10/2030 | 231,000 | 245,326 | ||||||
7.35%, 03/06/2030 | 234,000 | 249,558 | ||||||
|
| |||||||
2,486,334 | ||||||||
|
|
Transamerica Series Trust | Page 3 |
Transamerica Janus Balanced VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Banks - 3.4% | ||||||||
Bank of America Corp. | ||||||||
Fixed until 01/23/2034, | $ 764,000 | $ 770,061 | ||||||
Fixed until 09/15/2033, | 1,727,000 | 1,790,251 | ||||||
Fixed until 11/10/2027, | 1,219,000 | 1,261,661 | ||||||
Fixed until 09/05/2024 (E), | 993,000 | 994,244 | ||||||
Bank of Montreal | ||||||||
Fixed until 01/10/2032, | 1,059,000 | 863,890 | ||||||
Bank of New York Mellon Corp. | ||||||||
Fixed until 04/26/2026, | 541,000 | 538,613 | ||||||
Fixed until 10/25/2033, | 904,000 | 985,614 | ||||||
BNP Paribas SA | ||||||||
Fixed until 01/20/2027, | 616,000 | 570,603 | ||||||
Fixed until 01/09/2029, | 616,000 | 615,838 | ||||||
Citigroup, Inc. | ||||||||
Fixed until 01/10/2027, | 1,369,000 | 1,320,502 | ||||||
Fixed until 02/13/2034, | 2,098,000 | 2,077,678 | ||||||
Fixed until 05/15/2025 (E), | 496,000 | 495,198 | ||||||
Fixed until 05/15/2024 (E), | 109,000 | 108,568 | ||||||
Fifth Third Bancorp | ||||||||
Fixed until 01/29/2031, | 241,000 | 241,450 | ||||||
JPMorgan Chase & Co. | ||||||||
Fixed until 08/01/2024 (E), | 392,000 | 390,666 | ||||||
Fixed until 01/23/2029, | 414,000 | 412,439 | ||||||
Fixed until 01/23/2027, | 522,000 | 520,300 | ||||||
Fixed until 07/24/2028, | 912,000 | 919,047 | ||||||
Fixed until 10/23/2028, | 917,000 | 953,903 | ||||||
Fixed until 10/23/2033, | 786,000 | 840,512 | ||||||
Morgan Stanley | ||||||||
Fixed until 05/04/2026, | 632,000 | 584,868 | ||||||
Fixed until 04/28/2025, | 990,000 | 954,948 | ||||||
Fixed until 01/21/2032, | 676,000 | 574,509 | ||||||
Fixed until 01/24/2028, | 90,000 | 85,650 | ||||||
4.35%, 09/08/2026 | 79,000 | 77,271 | ||||||
Fixed until 04/20/2028, | 850,000 | 849,594 | ||||||
Fixed until 07/21/2033, | 774,000 | 777,059 | ||||||
National Australia Bank Ltd. | ||||||||
2.99%, 05/21/2031 (B) | 1,103,000 | 931,521 | ||||||
Nordea Bank Abp | ||||||||
5.38%, 09/22/2027 (B) | 1,253,000 | 1,262,108 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Banks (continued) | ||||||||
PNC Financial Services Group, Inc. | ||||||||
Fixed until 06/12/2028, | $ 673,000 | $ 681,566 | ||||||
Fixed until 10/20/2033, | 950,000 | 1,041,088 | ||||||
Sumitomo Mitsui Financial Group, Inc. | ||||||||
5.85%, 07/13/2030 | 358,000 | 371,696 | ||||||
Toronto-Dominion Bank | ||||||||
5.52%, 07/17/2028 | 902,000 | 921,448 | ||||||
Truist Financial Corp. | ||||||||
Fixed until 01/24/2029, | 381,000 | 380,731 | ||||||
Fixed until 01/24/2034, | 313,000 | 314,573 | ||||||
Fixed until 06/08/2026, | 517,000 | 524,120 | ||||||
UBS Group AG | ||||||||
Fixed until 02/08/2029, | 708,000 | 709,397 | ||||||
Fixed until 02/08/2034, | 598,000 | 601,692 | ||||||
US Bancorp | ||||||||
Fixed until 11/03/2031, | 857,000 | 674,741 | ||||||
Fixed until 01/23/2029, | 799,000 | 802,774 | ||||||
Fixed until 01/23/2034, | 573,000 | 579,271 | ||||||
Fixed until 06/12/2028, | 830,000 | 845,418 | ||||||
Wells Fargo & Co. | ||||||||
Fixed until 01/22/2029, | 1,134,000 | 1,131,879 | ||||||
Fixed until 01/23/2034, | 384,000 | 385,397 | ||||||
|
| |||||||
32,734,357 | ||||||||
|
| |||||||
Biotechnology - 0.1% | ||||||||
Illumina, Inc. | ||||||||
5.80%, 12/12/2025 | 483,000 | 483,744 | ||||||
Royalty Pharma PLC | ||||||||
3.55%, 09/02/2050 | 782,000 | 539,581 | ||||||
|
| |||||||
1,023,325 | ||||||||
|
| |||||||
Capital Markets - 0.5% | ||||||||
Blackstone Private Credit Fund | ||||||||
6.25%, 01/25/2031 (B) | 645,000 | 648,240 | ||||||
7.30%, 11/27/2028 (B) | 604,000 | 630,108 | ||||||
Blue Owl Credit Income Corp. | ||||||||
4.70%, 02/08/2027 | 113,000 | 107,219 | ||||||
7.75%, 09/16/2027 | 678,000 | 694,852 | ||||||
7.95%, 06/13/2028 (B) | 371,000 | 384,787 | ||||||
Charles Schwab Corp. | ||||||||
Fixed until 08/24/2033, | 1,127,000 | 1,177,214 | ||||||
LPL Holdings, Inc. | ||||||||
6.75%, 11/17/2028 | 1,261,000 | 1,321,270 | ||||||
|
| |||||||
4,963,690 | ||||||||
|
| |||||||
Chemicals - 0.3% | ||||||||
Celanese US Holdings LLC | ||||||||
6.33%, 07/15/2029 | 382,000 | 396,218 | ||||||
6.35%, 11/15/2028 | 386,000 | 400,014 |
Transamerica Series Trust | Page 4 |
Transamerica Janus Balanced VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Chemicals (continued) | ||||||||
Celanese US Holdings LLC (continued) | ||||||||
6.55%, 11/15/2030 | $ 967,000 | $ 1,017,340 | ||||||
6.70%, 11/15/2033 | 943,000 | 1,006,089 | ||||||
|
| |||||||
2,819,661 | ||||||||
|
| |||||||
Commercial Services & Supplies - 0.0% (F) | ||||||||
CoStar Group, Inc. | ||||||||
2.80%, 07/15/2030 (B) | 497,000 | 423,825 | ||||||
|
| |||||||
Consumer Finance - 0.2% | ||||||||
Capital One Financial Corp. | ||||||||
Fixed until 02/01/2029, | 214,000 | 215,776 | ||||||
Fixed until 06/08/2028, | 388,000 | 399,218 | ||||||
Fixed until 06/08/2033, | 747,000 | 776,035 | ||||||
Fixed until 10/30/2030, | 864,000 | 954,687 | ||||||
|
| |||||||
2,345,716 | ||||||||
|
| |||||||
Consumer Staples Distribution & Retail - 0.1% | ||||||||
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP | ||||||||
6.50%, 02/15/2028 (B) | 592,000 | 598,221 | ||||||
Sysco Corp. | ||||||||
5.75%, 01/17/2029 | 362,000 | 372,590 | ||||||
|
| |||||||
970,811 | ||||||||
|
| |||||||
Distributors - 0.2% | ||||||||
LKQ Corp. | ||||||||
5.75%, 06/15/2028 | 854,000 | 869,427 | ||||||
6.25%, 06/15/2033 | 802,000 | 835,381 | ||||||
|
| |||||||
1,704,808 | ||||||||
|
| |||||||
Diversified REITs - 0.0% (F) | ||||||||
GLP Capital LP/GLP Financing II, Inc. | ||||||||
5.30%, 01/15/2029 | 73,000 | 71,798 | ||||||
5.38%, 04/15/2026 | 333,000 | 330,125 | ||||||
|
| |||||||
401,923 | ||||||||
|
| |||||||
Diversified Telecommunication Services - 0.0% (F) | ||||||||
AT&T, Inc. | ||||||||
3.65%, 09/15/2059 | 109,000 | 76,127 | ||||||
|
| |||||||
Electric Utilities - 0.9% | ||||||||
American Electric Power Co., Inc. | ||||||||
5.63%, 03/01/2033 | 893,000 | 907,512 | ||||||
Duke Energy Corp. | ||||||||
4.30%, 03/15/2028 | 643,000 | 628,370 | ||||||
Duquesne Light Holdings, Inc. | ||||||||
2.78%, 01/07/2032 (B) | 642,000 | 524,520 | ||||||
Electricite de France SA | ||||||||
5.70%, 05/23/2028 (B) (D) | 421,000 | 427,029 | ||||||
6.25%, 05/23/2033 (B) | 583,000 | 611,393 | ||||||
Exelon Corp. | ||||||||
5.45%, 03/15/2034 | 679,000 | 684,023 | ||||||
Georgia Power Co. | ||||||||
4.65%, 05/16/2028 | 450,000 | 445,847 | ||||||
4.95%, 05/17/2033 | 713,000 | 703,714 | ||||||
5.25%, 03/15/2034 | 599,000 | 604,821 | ||||||
National Grid PLC | ||||||||
5.60%, 06/12/2028 | 320,000 | 325,911 | ||||||
5.81%, 06/12/2033 | 672,000 | 686,816 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Electric Utilities (continued) | ||||||||
Southern Co. | ||||||||
5.70%, 03/15/2034 | $ 645,000 | $ 665,646 | ||||||
Xcel Energy, Inc. | ||||||||
5.45%, 08/15/2033 | 1,551,000 | 1,542,757 | ||||||
|
| |||||||
8,758,359 | ||||||||
|
| |||||||
Electrical Equipment - 0.1% | ||||||||
WESCO Distribution, Inc. | ||||||||
6.38%, 03/15/2029 (B) | 483,000 | 488,001 | ||||||
6.63%, 03/15/2032 (B) | 611,000 | 621,117 | ||||||
|
| |||||||
1,109,118 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 0.2% | ||||||||
Trimble, Inc. | ||||||||
4.90%, 06/15/2028 | 314,000 | 312,431 | ||||||
6.10%, 03/15/2033 | 1,129,000 | 1,180,398 | ||||||
|
| |||||||
1,492,829 | ||||||||
|
| |||||||
Financial Services - 0.3% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||||||||
4.63%, 10/15/2027 | 414,000 | 403,781 | ||||||
Macquarie Airfinance Holdings Ltd. | ||||||||
6.40%, 03/26/2029 (B) | 38,000 | 38,595 | ||||||
6.50%, 03/26/2031 (B) | 46,000 | 46,830 | ||||||
Nasdaq, Inc. | ||||||||
5.35%, 06/28/2028 | 194,000 | 196,552 | ||||||
5.55%, 02/15/2034 | 1,295,000 | 1,317,966 | ||||||
5.95%, 08/15/2053 | 612,000 | 645,854 | ||||||
6.10%, 06/28/2063 | 260,000 | 277,069 | ||||||
|
| |||||||
2,926,647 | ||||||||
|
| |||||||
Food Products - 0.5% | ||||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||||||||
3.00%, 05/15/2032 | 695,000 | 567,035 | ||||||
3.63%, 01/15/2032 | 500,000 | 427,789 | ||||||
5.50%, 01/15/2030 | 375,000 | 369,554 | ||||||
Nestle Capital Corp. | ||||||||
4.75%, 03/12/2031 (B) | 1,229,000 | 1,226,766 | ||||||
4.88%, 03/12/2034 (B) | 1,374,000 | 1,374,825 | ||||||
Pilgrim’s Pride Corp. | ||||||||
6.25%, 07/01/2033 | 953,000 | 973,989 | ||||||
|
| |||||||
4,939,958 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 0.4% | ||||||||
Smith & Nephew PLC | ||||||||
5.40%, 03/20/2034 | 600,000 | 597,855 | ||||||
Solventum Corp. | ||||||||
5.45%, 03/13/2031 (B) | 1,292,000 | 1,289,698 | ||||||
5.60%, 03/23/2034 (B) | 1,703,000 | 1,707,179 | ||||||
6.00%, 05/15/2064 (B) | 597,000 | 592,855 | ||||||
|
| |||||||
4,187,587 | ||||||||
|
| |||||||
Health Care Providers & Services - 0.9% | ||||||||
Centene Corp. | ||||||||
2.45%, 07/15/2028 | 919,000 | 814,739 | ||||||
3.00%, 10/15/2030 | 491,000 | 420,802 | ||||||
4.25%, 12/15/2027 | 2,255,000 | 2,151,277 | ||||||
HCA, Inc. | ||||||||
3.63%, 03/15/2032 | 450,000 | 398,701 | ||||||
5.20%, 06/01/2028 | 233,000 | 233,713 | ||||||
5.38%, 09/01/2026 | 187,000 | 187,000 | ||||||
5.45%, 04/01/2031 | 430,000 | 432,617 | ||||||
5.50%, 06/01/2033 | 747,000 | 750,532 |
Transamerica Series Trust | Page 5 |
Transamerica Janus Balanced VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Health Care Providers & Services (continued) | ||||||||
HCA, Inc. (continued) | ||||||||
5.60%, 04/01/2034 | $ 690,000 | $ 695,478 | ||||||
5.63%, 09/01/2028 | 264,000 | 267,471 | ||||||
5.88%, 02/01/2029 | 408,000 | 417,304 | ||||||
Humana, Inc. | ||||||||
5.38%, 04/15/2031 | 850,000 | 850,793 | ||||||
5.75%, 04/15/2054 | 563,000 | 566,899 | ||||||
5.88%, 03/01/2033 | 220,000 | 227,018 | ||||||
5.95%, 03/15/2034 | 367,000 | 381,293 | ||||||
Universal Health Services, Inc. | ||||||||
2.65%, 10/15/2030 | 163,000 | 138,238 | ||||||
|
| |||||||
8,933,875 | ||||||||
|
| |||||||
Insurance - 0.7% | ||||||||
Aon North America, Inc. | ||||||||
5.30%, 03/01/2031 | 941,000 | 948,750 | ||||||
5.45%, 03/01/2034 | 1,926,000 | 1,947,759 | ||||||
5.75%, 03/01/2054 | 907,000 | 928,865 | ||||||
Arthur J Gallagher & Co. | ||||||||
5.45%, 07/15/2034 | 823,000 | 829,274 | ||||||
6.50%, 02/15/2034 | 427,000 | 458,816 | ||||||
Athene Global Funding | ||||||||
2.65%, 10/04/2031 (B) | 712,000 | 581,354 | ||||||
2.72%, 01/07/2029 (B) | 800,000 | 705,206 | ||||||
Brown & Brown, Inc. | ||||||||
4.95%, 03/17/2052 | 845,000 | 745,647 | ||||||
|
| |||||||
7,145,671 | ||||||||
|
| |||||||
IT Services - 0.2% | ||||||||
Booz Allen Hamilton, Inc. | ||||||||
5.95%, 08/04/2033 | 932,000 | 964,668 | ||||||
Leidos, Inc. | ||||||||
2.30%, 02/15/2031 | 170,000 | 140,653 | ||||||
5.75%, 03/15/2033 | 558,000 | 572,282 | ||||||
|
| |||||||
1,677,603 | ||||||||
|
| |||||||
Machinery - 0.1% | ||||||||
Regal Rexnord Corp. | ||||||||
6.05%, 04/15/2028 (B) | 693,000 | 703,173 | ||||||
|
| |||||||
Media - 0.3% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital | ||||||||
6.65%, 02/01/2034 (D) | 2,832,000 | 2,906,568 | ||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 0.7% | ||||||||
Cheniere Energy, Inc. | ||||||||
5.65%, 04/15/2034 (B) | 888,000 | 894,166 | ||||||
Columbia Pipelines Operating Co. LLC | ||||||||
5.93%, 08/15/2030 (B) | 212,000 | 217,696 | ||||||
6.04%, 11/15/2033 (B) | 510,000 | 528,763 | ||||||
6.50%, 08/15/2043 (B) | 103,000 | 110,498 | ||||||
6.54%, 11/15/2053 (B) | 532,000 | 577,495 | ||||||
DT Midstream, Inc. | ||||||||
4.38%, 06/15/2031 (B) | 635,000 | 575,150 | ||||||
Enbridge, Inc. | ||||||||
5.70%, 03/08/2033 | 480,000 | 491,425 | ||||||
6.20%, 11/15/2030 | 183,000 | 193,993 | ||||||
Energy Transfer LP | ||||||||
4.95%, 06/15/2028 | 78,000 | 77,335 | ||||||
5.55%, 02/15/2028 | 603,000 | 611,561 | ||||||
EQT Corp. | ||||||||
5.70%, 04/01/2028 | 318,000 | 320,999 | ||||||
Hess Midstream Operations LP | ||||||||
5.13%, 06/15/2028 (B) | 460,000 | 444,751 |
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||
Occidental Petroleum Corp. | ||||||||
6.13%, 01/01/2031 | $ 534,000 | $ 553,016 | ||||||
6.63%, 09/01/2030 | 296,000 | 313,177 | ||||||
8.88%, 07/15/2030 | 420,000 | 487,973 | ||||||
Viper Energy, Inc. | ||||||||
7.38%, 11/01/2031 (B) | 835,000 | 868,046 | ||||||
|
| |||||||
7,266,044 | ||||||||
|
| |||||||
Personal Care Products - 0.1% | ||||||||
Haleon US Capital LLC | ||||||||
3.38%, 03/24/2027 | 554,000 | 530,240 | ||||||
|
| |||||||
Pharmaceuticals - 0.0% (F) | ||||||||
AbbVie, Inc. | ||||||||
5.40%, 03/15/2054 | 337,000 | 346,824 | ||||||
|
| |||||||
Professional Services - 0.1% | ||||||||
Global Payments, Inc. | ||||||||
2.15%, 01/15/2027 | 570,000 | 526,043 | ||||||
|
| |||||||
Real Estate Management & Development - 0.2% | ||||||||
CBRE Services, Inc. | ||||||||
5.95%, 08/15/2034 (D) | 2,100,000 | 2,156,200 | ||||||
|
| |||||||
Residential REITs - 0.1% | ||||||||
Sun Communities Operating LP | ||||||||
2.70%, 07/15/2031 | 898,000 | 740,212 | ||||||
|
| |||||||
Retail REITs - 0.1% | ||||||||
Agree LP | ||||||||
2.00%, 06/15/2028 | 630,000 | 554,030 | ||||||
2.60%, 06/15/2033 | 197,000 | 154,818 | ||||||
2.90%, 10/01/2030 | 313,000 | 269,159 | ||||||
|
| |||||||
978,007 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 0.3% | ||||||||
Foundry JV Holdco LLC | ||||||||
5.88%, 01/25/2034 (B) | 2,099,000 | 2,103,998 | ||||||
Marvell Technology, Inc. | ||||||||
4.88%, 06/22/2028 | 378,000 | 372,982 | ||||||
5.75%, 02/15/2029 | 391,000 | 400,507 | ||||||
|
| |||||||
2,877,487 | ||||||||
|
| |||||||
Software - 0.3% | ||||||||
Constellation Software, Inc. | ||||||||
5.16%, 02/16/2029 (B) | 256,000 | 255,864 | ||||||
5.46%, 02/16/2034 (B) | 744,000 | 749,590 | ||||||
MSCI, Inc. | ||||||||
3.63%, 09/01/2030 (B) | 992,000 | 880,070 | ||||||
3.88%, 02/15/2031 (B) | 962,000 | 858,282 | ||||||
4.00%, 11/15/2029 (B) | 184,000 | 170,208 | ||||||
|
| |||||||
2,914,014 | ||||||||
|
| |||||||
Specialized REITs - 0.3% | ||||||||
American Tower Corp. | ||||||||
5.20%, 02/15/2029 | 431,000 | 431,228 | ||||||
5.45%, 02/15/2034 | 690,000 | 691,599 | ||||||
American Tower Trust #1 | ||||||||
5.49%, 03/15/2028 (B) | 1,406,000 | 1,418,438 | ||||||
|
| |||||||
2,541,265 | ||||||||
|
|
Transamerica Series Trust | Page 6 |
Transamerica Janus Balanced VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Principal | Value | |||||||
CORPORATE DEBT SECURITIES (continued) | ||||||||
Wireless Telecommunication Services - 0.1% | ||||||||
T-Mobile USA, Inc. | ||||||||
4.85%, 01/15/2029 | $ 591,000 | $ 586,847 | ||||||
5.15%, 04/15/2034 | 506,000 | 504,604 | ||||||
|
| |||||||
1,091,451 | ||||||||
|
| |||||||
Total Corporate Debt Securities |
| 119,259,475 | ||||||
|
| |||||||
MORTGAGE-BACKED SECURITIES - 5.6% | ||||||||
280 Park Avenue Mortgage Trust | ||||||||
Series 2017-280P, Class A, | ||||||||
1-Month Term SOFR + 1.18%, | 592,515 | 581,604 | ||||||
A&D Mortgage Trust | ||||||||
Series 2023-NQM2, Class A1, | ||||||||
6.13% (C), 05/25/2068 (B) | 608,163 | 604,740 | ||||||
Series 2023-NQM4, Class A1, | ||||||||
7.47% (C), 09/25/2068 (B) | 277,433 | 282,112 | ||||||
Angel Oak Mortgage Trust | ||||||||
Series 2019-5, Class A1, | ||||||||
2.59% (C), 10/25/2049 (B) | 54,176 | 52,259 | ||||||
Series 2019-6, Class A1, | ||||||||
2.62% (C), 11/25/2059 (B) | 50,224 | 48,613 | ||||||
Series 2020-3, Class A2, | ||||||||
2.41% (C), 04/25/2065 (B) | 134,340 | 124,255 | ||||||
Series 2024-3, Class A1, | ||||||||
4.80% (C), 11/26/2068 (B) | 177,020 | 171,143 | ||||||
BAMLL Re-REMIC Trust | ||||||||
Series 2024-FRR2, Class D, | ||||||||
1.26% (C), 07/27/2050 (B) | 120,000 | 94,796 | ||||||
Series 2024-FRR2, Class E, | ||||||||
1.27% (C), 07/27/2050 (B) | 328,000 | 234,472 | ||||||
Bayview MSR Opportunity Master Fund Trust | ||||||||
Series 2021-5, Class AF, | ||||||||
1-Month SOFR Average + 0.85%, | 651,723 | 602,412 | ||||||
Series 2022-2, Class A1, | ||||||||
3.00% (C), 12/25/2051 (B) | 1,279,824 | 1,069,903 | ||||||
BBCMS Trust | ||||||||
Series 2015-SRCH, Class A2, | ||||||||
4.20%, 08/10/2035 (B) | 715,000 | 662,404 | ||||||
BPR Trust | ||||||||
Series 2022-OANA, Class A, | ||||||||
1-Month Term SOFR + 1.90%, | 891,000 | 895,461 | ||||||
Series 2023-BRK2, Class A, | ||||||||
6.90% (C), 11/05/2028 (B) | 831,000 | 863,381 | ||||||
BX Commercial Mortgage Trust | ||||||||
Series 2020-VKNG, Class A, | ||||||||
1-Month Term SOFR + 1.04%, | 128,627 | 128,426 | ||||||
Series 2021-VINO, Class A, | ||||||||
1-Month Term SOFR + 0.77%, | 140,584 | 139,530 | ||||||
Series 2021-VOLT, Class B, | ||||||||
1-Month Term SOFR + 1.06%, | 733,000 | 724,754 | ||||||
Series 2021-VOLT, Class D, | ||||||||
1-Month Term SOFR + 1.76%, | 770,000 | 758,725 | ||||||
Series 2023-VLT2, Class A, | ||||||||
1-Month Term SOFR + 2.28%, | 215,000 | 215,873 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
BX Commercial Mortgage Trust (continued) | ||||||||
Series 2023-VLT2, Class B, | ||||||||
1-Month Term SOFR + 3.13%, | $ 479,000 | $ 480,497 | ||||||
BX Trust | ||||||||
1-Month Term SOFR + 0.75%, | 678,018 | 668,695 | ||||||
Series 2019-MMP, Class C, | ||||||||
1-Month Term SOFR + 1.49%, | 183,084 | 174,943 | ||||||
Series 2019-OC11, Class B, | ||||||||
3.61%, 12/09/2041 (B) | 242,000 | 216,236 | ||||||
Series 2019-OC11, Class C, | ||||||||
3.86%, 12/09/2041 (B) | 481,000 | 427,093 | ||||||
Series 2021-LBA, Class AJV, | ||||||||
1-Month Term SOFR + 0.91%, | 820,000 | 816,412 | ||||||
Series 2021-LBA, Class AV, | ||||||||
1-Month Term SOFR + 0.91%, | 737,035 | 733,810 | ||||||
BXP Trust | ||||||||
Series 2017-GM, Class A, | ||||||||
3.38%, 06/13/2039 (B) | 324,000 | 301,057 | ||||||
CENT Trust | ||||||||
Series 2023-CITY, Class A, | ||||||||
1-Month Term SOFR + 2.62%, | 849,000 | 857,481 | ||||||
Chase Mortgage Finance Corp. | ||||||||
Series 2021-CL1, Class M1, | ||||||||
1-Month SOFR Average + 1.20%, | 668,256 | 663,955 | ||||||
Cold Storage Trust | ||||||||
Series 2020-ICE5, Class A, | ||||||||
1-Month Term SOFR + 1.01%, | 1,316,224 | 1,313,345 | ||||||
Series 2020-ICE5, Class B, | ||||||||
1-Month Term SOFR + 1.41%, | 585,862 | 584,764 | ||||||
Series 2020-ICE5, Class C, | ||||||||
1-Month Term SOFR + 1.76%, | 587,828 | 586,726 | ||||||
COLT Mortgage Loan Trust | ||||||||
Series 2020-3, Class A1, | ||||||||
1.51% (C), 04/27/2065 (B) | 39,695 | 37,509 | ||||||
Credit Suisse Mortgage Capital Certificates | ||||||||
Series 2019-ICE4, Class A, | ||||||||
1-Month Term SOFR + 1.03%, | 1,316,724 | 1,316,727 | ||||||
Series 2019-ICE4, Class C, | ||||||||
1-Month Term SOFR + 1.48%, | 281,300 | 281,036 | ||||||
CRSO Trust | ||||||||
7.12% (C), 07/12/2040 | 1,274,000 | 1,335,602 | ||||||
CSMC Trust | ||||||||
Series 2021-WEHO, Class A, | ||||||||
1-Month Term SOFR + 4.08%, | 531,730 | 524,071 | ||||||
DC Commercial Mortgage Trust | ||||||||
Series 2023-DC, Class A, | ||||||||
6.31%, 09/12/2040 (B) | 708,000 | 724,132 | ||||||
Extended Stay America Trust | ||||||||
Series 2021-ESH, Class A, | ||||||||
1-Month Term SOFR + 1.19%, | 392,216 | 392,093 |
Transamerica Series Trust | Page 7 |
Transamerica Janus Balanced VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Federal Home Loan Mortgage Corp. STACR REMICS Trust | ||||||||
Series 2021-DNA6, Class M2, | ||||||||
1-Month SOFR Average + 1.50%, | $ 192,864 | $ 193,141 | ||||||
FIGRE Trust | ||||||||
Series 2024-HE1, Class A, | ||||||||
6.17% (C), 03/25/2054 (B) | 478,000 | 478,201 | ||||||
Flagstar Mortgage Trust | ||||||||
Series 2021-13IN, Class A2, | ||||||||
3.00% (C), 12/30/2051 (B) | 2,056,969 | 1,724,721 | ||||||
FREMF Mortgage Trust, Interest Only STRIPS | ||||||||
Series 2017-K729, Class X2A, | ||||||||
0.10%, 11/25/2049 (B) | 3,290,602 | 829 | ||||||
Series 2017-K729, Class X2B, | ||||||||
0.10%, 11/25/2049 (B) | 1,055,542 | 621 | ||||||
FREMF Mortgage Trust, Principal Only STRIPS | ||||||||
Series 2017-K729, Class D, | ||||||||
Zero Coupon, 11/25/2049 (B) | 419,478 | 390,564 | ||||||
GCAT Trust | ||||||||
Series 2022-INV1, Class A1, | ||||||||
3.00% (C), 12/25/2051 (B) | 1,700,715 | 1,424,947 | ||||||
Series 2023-INV1, Class A1, | ||||||||
6.00% (C), 08/25/2053 (B) | 886,137 | 886,587 | ||||||
Series 2024-INV1, Class 2A2, | ||||||||
6.50% (C), 01/25/2054 (B) | 1,004,093 | 1,013,080 | ||||||
Great Wolf Trust | ||||||||
Series 2019-WOLF, Class A, | ||||||||
1-Month Term SOFR + 1.35%, | 154,739 | 154,691 | ||||||
Series 2019-WOLF, Class B, | ||||||||
1-Month Term SOFR + 1.65%, | 198,053 | 197,743 | ||||||
Series 2019-WOLF, Class C, | ||||||||
1-Month Term SOFR + 1.95%, | 220,315 | 219,902 | ||||||
Hudsons Bay Simon JV Trust | ||||||||
Series 2015-HB10, Class A10, | ||||||||
4.15%, 08/05/2034 (B) | 321,959 | 301,227 | ||||||
Series 2015-HB7, Class A7, | ||||||||
3.91%, 08/05/2034 (B) | 217,373 | 211,172 | ||||||
Imperial Fund Mortgage Trust | ||||||||
Series 2023-NQM1, Class A1, | ||||||||
5.94% (C), 02/25/2068 (B) | 425,657 | 421,826 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2020-ACE, Class A, | ||||||||
3.29%, 01/10/2037 (B) | 845,000 | 823,366 | ||||||
Series 2020-ACE, Class B, | ||||||||
3.64%, 01/10/2037 (B) | 580,000 | 559,644 | ||||||
Life Mortgage Trust | ||||||||
Series 2021-BMR, Class A, | ||||||||
1-Month Term SOFR + 0.81%, | 1,278,844 | 1,264,588 | ||||||
Series 2021-BMR, Class C, | ||||||||
1-Month Term SOFR + 1.21%, | 740,177 | 730,230 | ||||||
Series 2022-BMR2, Class A1, | ||||||||
1-Month Term SOFR + 1.30%, | 886,000 | 878,247 | ||||||
Series 2022-BMR2, Class B, | ||||||||
1-Month Term SOFR + 1.79%, | 257,000 | 253,788 |
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
Med Trust | ||||||||
Series 2021-MDLN, Class A, | ||||||||
1-Month Term SOFR + 1.06%, | $ 197,054 | $ 196,562 | ||||||
Series 2021-MDLN, Class E, | ||||||||
1-Month Term SOFR + 3.26%, | 967,357 | 963,125 | ||||||
Mello Mortgage Capital Acceptance | ||||||||
Series 2021-INV2, Class A11, | ||||||||
1-Month SOFR Average + 0.95%, | 485,365 | 449,470 | ||||||
Series 2021-INV3, Class A11, | ||||||||
1-Month SOFR Average + 0.95%, | 591,515 | 547,236 | ||||||
Series 2021-INV4, Class A3, | ||||||||
2.50% (C), 12/25/2051 (B) | 394,200 | 316,254 | ||||||
Series 2022-INV1, Class A2, | ||||||||
3.00% (C), 03/25/2052 (B) | 1,160,619 | 970,251 | ||||||
MHC Commercial Mortgage Trust | ||||||||
Series 2021-MHC, Class A, | ||||||||
1-Month Term SOFR + 0.92%, | 1,128,360 | 1,123,071 | ||||||
Series 2021-MHC, Class C, | ||||||||
1-Month Term SOFR + 1.47%, | 636,935 | 632,357 | ||||||
MIC Trust | ||||||||
Series 2023-MIC, Class A, | ||||||||
8.44% (C), 12/05/2038 (B) | 584,328 | 631,089 | ||||||
NCMF Trust | ||||||||
Series 2022-MFP, Class A, | ||||||||
1-Month Term SOFR + 1.74%, | 400,000 | 397,778 | ||||||
New Residential Mortgage Loan Trust | ||||||||
Series 2018-2A, Class A1, | ||||||||
4.50% (C), 02/25/2058 (B) | 95,531 | 92,345 | ||||||
NRTH Mortgage Trust | ||||||||
Series 2024-PARK, Class A, | ||||||||
1-Month Term SOFR + 1.64%, | 1,390,000 | 1,391,740 | ||||||
OBX Trust | ||||||||
Series 2021-INV3, Class A3, | ||||||||
2.50% (C), 10/25/2051 (B) | 410,254 | 329,133 | ||||||
Series 2022-INV1, Class A1, | ||||||||
3.00% (C), 12/25/2051 (B) | 1,283,753 | 1,073,188 | ||||||
Series 2022-INV1, Class A18, | ||||||||
3.00% (C), 12/25/2051 (B) | 545,038 | 450,189 | ||||||
Oceanview Mortgage Trust | ||||||||
Series 2022-1, Class A1, | ||||||||
3.00% (C), 12/25/2051 (B) | 681,984 | 570,123 | ||||||
OPEN Trust | ||||||||
Series 2023-AIR, Class C, | ||||||||
1-Month Term SOFR + 5.24%, | 198,012 | 199,002 | ||||||
PRPM LLC | ||||||||
Series 2020-4, Class A1, | ||||||||
5.61% (C), 10/25/2025 (B) | 409,292 | 408,369 | ||||||
Series 2024-RCF2, Class A1, | ||||||||
3.75% (C), 03/25/2054 (B) | 247,000 | 235,090 | ||||||
RCKT Mortgage Trust | ||||||||
Series 2021-3, Class A21, | ||||||||
1-Month SOFR Average + 0.80%, | 429,507 | 395,947 | ||||||
Series 2023-CES1, Class A1A, | ||||||||
6.52% (C), 06/25/2043 (B) | 487,739 | 488,913 |
Transamerica Series Trust | Page 8 |
Transamerica Janus Balanced VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Principal | Value | |||||||
MORTGAGE-BACKED SECURITIES (continued) | ||||||||
RCKT Mortgage Trust (continued) | ||||||||
Series 2023-CES2, Class A1A, | ||||||||
6.81% (C), 09/25/2043 (B) | $ 734,618 | $ 743,462 | ||||||
Series 2023-CES3, Class A1A, | ||||||||
7.11% (C), 11/25/2043 (B) | 1,315,558 | 1,334,717 | ||||||
Series 2024-CES2, Class A1A, | ||||||||
6.14% (C), 04/25/2044 (B) | 1,842,000 | 1,851,858 | ||||||
Saluda Grade Alternative Mortgage Trust | ||||||||
Series 2023-FIG3, Class A, | ||||||||
7.07% (C), 08/25/2053 (B) | 1,150,089 | 1,179,487 | ||||||
Series 2023-SEQ3, Class A1, | ||||||||
7.16% (C), 06/01/2053 (B) | 246,667 | 248,436 | ||||||
Series 2024-CES1, Class A1, | ||||||||
6.31% (C), 03/25/2054 (B) (G) | 385,563 | 385,554 | ||||||
Sequoia Mortgage Trust | ||||||||
Series 2013-5, Class A1, | ||||||||
2.50% (C), 05/25/2043 (B) | 100,460 | 85,023 | ||||||
Series 2020-2, Class A19, | ||||||||
3.50% (C), 03/25/2050 (B) | 47,121 | 40,992 | ||||||
SMRT Commercial Mortgage Trust | ||||||||
Series 2022-MINI, Class A, | ||||||||
1-Month Term SOFR + 1.00%, | 451,000 | 448,181 | ||||||
SREIT Trust | ||||||||
Series 2021-MFP, Class A, | ||||||||
1-Month Term SOFR + 0.85%, | 95,686 | 94,995 | ||||||
Towd Point Mortgage Trust | ||||||||
Series 2023-CES1, Class A1A, | ||||||||
6.75% (C), 07/25/2063 (B) | 255,400 | 257,419 | ||||||
TYSN Mortgage Trust | ||||||||
Series 2023-CRNR, Class A, | ||||||||
6.58% (C), 12/10/2033 (B) | 924,755 | 966,944 | ||||||
UWM Mortgage Trust | ||||||||
Series 2021-INV1, Class A9, | ||||||||
1-Month SOFR Average + 0.90%, | 576,385 | 533,672 | ||||||
Series 2021-INV4, Class A3, | ||||||||
2.50% (C), 12/25/2051 (B) | 299,832 | 240,545 | ||||||
VASA Trust | ||||||||
Series 2021-VASA, Class A, | ||||||||
1-Month Term SOFR + 1.01%, | 425,000 | 388,043 | ||||||
VMC Finance LLC | ||||||||
Series 2021-HT1, Class A, | ||||||||
1-Month Term SOFR + 1.76%, | 272,944 | 269,559 | ||||||
WB Commercial Mortgage Trust | ||||||||
Series 2024-HQ, Class A, | ||||||||
6.13% (C), 03/15/2040 (B) | 654,000 | 657,847 | ||||||
Wells Fargo Commercial Mortgage Trust | ||||||||
Series 2021-SAVE, Class A, | ||||||||
1-Month Term SOFR + 1.26%, | 183,247 | 181,877 | ||||||
|
| |||||||
Total Mortgage-Backed Securities |
| 54,590,005 | ||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 12.0% | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
2.50%, 12/01/2033 - 05/01/2052 | 8,638,574 | 7,395,932 | ||||||
3.00%, 05/01/2031 - 03/01/2052 | 1,482,253 | 1,367,678 | ||||||
3.50%, 07/01/2046 - 06/01/2052 | 849,925 | 776,712 | ||||||
4.00%, 03/01/2047 - 11/01/2050 | 2,283,682 | 2,149,176 |
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) | ||||||||
Federal Home Loan Mortgage Corp. (continued) | ||||||||
4.50%, 03/01/2048 - 08/01/2052 | $ 2,750,692 | $ 2,637,307 | ||||||
5.00%, 09/01/2048 - 09/01/2053 | 6,500,673 | 6,415,101 | ||||||
5.00%, 07/01/2053 (H) | 390,738 | 382,479 | ||||||
5.50%, 09/01/2052 - 07/01/2053 | 1,465,837 | 1,476,700 | ||||||
5.50%, 09/01/2053 - 04/01/2054 (H) | 425,104 | 432,863 | ||||||
6.00%, 04/01/2040 - 10/01/2053 | 3,894,148 | 3,968,619 | ||||||
6.50%, 11/01/2053 | 697,378 | 723,293 | ||||||
Federal Home Loan Mortgage Corp. STACR REMICS Trust | ||||||||
1-Month SOFR Average + 0.85%, | 342,203 | 341,878 | ||||||
1-Month SOFR Average + 0.95%, | 758,484 | 754,746 | ||||||
1-Month SOFR Average + 1.30%, | 137,191 | 137,513 | ||||||
1-Month SOFR Average + 1.85%, | 395,717 | 399,684 | ||||||
1-Month SOFR Average + 2.00%, | 139,366 | 141,169 | ||||||
1-Month SOFR Average + 2.00%, | 58,200 | 58,621 | ||||||
1-Month SOFR Average + 2.10%, | 282,419 | 285,187 | ||||||
1-Month SOFR Average + 2.10%, | 242,207 | 246,632 | ||||||
1-Month SOFR Average + 2.25%, | 1,119,191 | 1,144,429 | ||||||
1-Month SOFR Average + 2.30%, | 793,095 | 808,774 | ||||||
1-Month SOFR Average + 2.30%, | 225,406 | 230,206 | ||||||
1-Month SOFR Average + 2.35%, | 258,132 | 259,580 | ||||||
Federal National Mortgage Association | ||||||||
1.00%, 06/01/2052 (H) | 583,873 | 504,504 | ||||||
2.50%, 11/01/2034 - 03/01/2062 | 18,897,885 | 15,862,367 | ||||||
3.00%, 10/01/2034 - 06/01/2057 | 5,201,020 | 4,536,836 | ||||||
3.50%, 08/01/2047 - 08/01/2056 | 7,159,038 | 6,514,765 | ||||||
4.00%, 05/01/2045 - 04/01/2052 | 10,892,730 | 10,225,313 | ||||||
4.50%, 11/01/2042 - 08/01/2053 | 4,038,262 | 3,886,842 | ||||||
5.00%, 07/01/2044 - 12/01/2053 | 3,829,432 | 3,779,329 | ||||||
5.00%, 03/01/2054 (H) | 735,983 | 720,433 | ||||||
5.50%, 09/01/2052 - 09/01/2053 | 7,117,626 | 7,126,096 | ||||||
5.50%, 11/01/2053 - 03/01/2054 (H) | 995,418 | 1,012,647 | ||||||
6.00%, 02/01/2037 - 01/01/2054 | 1,657,935 | 1,680,988 | ||||||
Federal National Mortgage Association Connecticut Avenue Securities Trust | ||||||||
1-Month SOFR Average + 1.05%, | 424,334 | 424,408 | ||||||
1-Month SOFR Average + 1.50%, | 450,544 | 452,497 | ||||||
1-Month SOFR Average + 1.65%, | 464,000 | 465,998 | ||||||
1-Month SOFR Average + 1.70%, | 490,062 | 494,380 | ||||||
1-Month SOFR Average + 1.90%, | 355,783 | 357,997 | ||||||
1-Month SOFR Average + 1.95%, | 220,593 | 222,660 | ||||||
1-Month SOFR Average + 2.00%, | 1,446,000 | 1,454,212 | ||||||
1-Month SOFR Average + 2.10%, | 363,325 | 368,536 | ||||||
1-Month SOFR Average + 2.30%, | 548,995 | 560,300 | ||||||
1-Month SOFR Average + 2.50%, | 435,680 | 444,284 |
Transamerica Series Trust | Page 9 |
Transamerica Janus Balanced VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Principal | Value | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) | ||||||||
Federal National Mortgage Association Connecticut Avenue Securities Trust (continued) | ||||||||
1-Month SOFR Average + 2.50%, | $ 666,645 | $ 677,615 | ||||||
1-Month SOFR Average + 3.00%, | 527,000 | 541,510 | ||||||
1-Month SOFR Average + 3.00%, | 376,000 | 387,720 | ||||||
Federal National Mortgage Association REMICS | ||||||||
3.00%, 05/25/2048 - 11/25/2049 | 985,485 | 865,041 | ||||||
Government National Mortgage Association | ||||||||
2.50%, 03/20/2051 | 1,605,387 | 1,371,083 | ||||||
2.50%, 01/20/2052 (H) | 1,793,573 | 1,507,998 | ||||||
3.00%, 11/20/2046 - 08/20/2051 | 5,364,651 | 4,752,893 | ||||||
3.50%, 05/20/2049 | 1,696,214 | 1,561,695 | ||||||
4.00%, 01/15/2045 - 05/20/2048 | 1,298,556 | 1,234,359 | ||||||
4.50%, 08/15/2046 - 05/20/2048 | 671,775 | 655,582 | ||||||
5.00%, 08/20/2048 | 171,390 | 170,758 | ||||||
Government National Mortgage Association, TBA | ||||||||
2.50%, 04/20/2054 (H) | 3,753,575 | 3,200,666 | ||||||
4.00%, 04/20/2054 (H) | 1,437,751 | 1,346,672 | ||||||
4.50%, 04/20/2054 (H) | 801,906 | 771,164 | ||||||
5.00%, 04/20/2054 (H) | 729,984 | 717,946 | ||||||
Seasoned Loans Structured Transaction Trust | ||||||||
Series 2020-2, Class M1, | ||||||||
4.75% (C), 09/25/2060 (B) | 190,279 | 182,081 | ||||||
Uniform Mortgage-Backed Security, TBA | ||||||||
5.00%, 04/01/2054 (H) | 1,416,269 | 1,382,952 | ||||||
5.50%, 04/01/2054 (H) | 1,718,791 | 1,711,456 | ||||||
|
| |||||||
Total U.S. Government Agency Obligations |
| 116,668,862 | ||||||
|
| |||||||
U.S. GOVERNMENT OBLIGATIONS - 6.2% | ||||||||
U.S. Treasury - 6.2% | ||||||||
U.S. Treasury Bonds | ||||||||
4.13%, 08/15/2053 | 20,259,900 | 19,506,485 | ||||||
4.50%, 02/15/2044 (D) | 10,510,000 | 10,582,256 | ||||||
4.75%, 11/15/2043 - 11/15/2053 | 20,718,500 | 21,749,210 | ||||||
U.S. Treasury Notes | ||||||||
4.00%, 02/15/2034 | 3,094,900 | 3,046,542 | ||||||
4.25%, 02/28/2029 (D) | 5,076,300 | 5,085,818 | ||||||
4.25%, 02/28/2031 | 453,000 | 454,133 | ||||||
|
| |||||||
Total U.S. Government Obligations |
| 60,424,444 | ||||||
|
| |||||||
Shares | Value | |||||||
OTHER INVESTMENT COMPANY - 1.9% | ||||||||
Securities Lending Collateral - 1.9% | ||||||||
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 5.29% (I) | 18,636,784 | 18,636,784 | ||||||
|
| |||||||
Total Other Investment Company |
| 18,636,784 | ||||||
|
|
Principal | Value | |||||||
REPURCHASE AGREEMENT - 2.3% | ||||||||
Fixed Income Clearing Corp., 2.50% (I), dated 03/28/2024, to be repurchased at $22,285,180 on 04/01/2024. Collateralized by a U.S. Government Obligation, 4.25%, due 12/31/2025, and with a value of $22,724,611. | $ 22,278,992 | $ 22,278,992 | ||||||
|
| |||||||
Total Repurchase Agreement |
| 22,278,992 | ||||||
|
| |||||||
Total Investments |
| 1,003,564,188 | ||||||
Net Other Assets (Liabilities) - (3.3)% | (31,779,811 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ 971,784,377 | |||||||
|
|
Transamerica Series Trust | Page 10 |
Transamerica Janus Balanced VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
INVESTMENT VALUATION:
Valuation Inputs (J)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS | ||||||||||||||||
Investments |
| |||||||||||||||
Common Stocks | $ | 583,997,988 | $ | — | $ | — | $ | 583,997,988 | ||||||||
Asset-Backed Securities | — | 27,707,638 | — | 27,707,638 | ||||||||||||
Corporate Debt Securities | — | 119,259,475 | — | 119,259,475 | ||||||||||||
Mortgage-Backed Securities | — | 54,590,005 | — | 54,590,005 | ||||||||||||
U.S. Government Agency Obligations | — | 116,668,862 | — | 116,668,862 | ||||||||||||
U.S. Government Obligations | — | 60,424,444 | — | 60,424,444 | ||||||||||||
Other Investment Company | 18,636,784 | — | — | 18,636,784 | ||||||||||||
Repurchase Agreement | — | 22,278,992 | — | 22,278,992 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 602,634,772 | $ | 400,929,416 | $ | — | $ | 1,003,564,188 | ||||||||
|
|
|
|
|
|
|
|
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
(A) | Non-income producing securities. | |
(B) | 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 March 31, 2024, the total value of 144A securities is $123,885,678, representing 12.7% of the Portfolio’s net assets. | |
(C) | Floating or variable rate securities. The rates disclosed are as of March 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description. | |
(D) | All or a portion of the securities are on loan. The total value of all securities on loan is $19,084,838, collateralized by cash collateral of $18,636,784 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $843,578. 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. | |
(E) | Perpetual maturity. The date displayed is the next call date. | |
(F) | Percentage rounds to less than 0.1% or (0.1)%. | |
(G) | 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 $385,554, representing less than 0.1% of the Portfolio’s net assets. | |
(H) | When-issued, delayed-delivery and/or forward commitment (including TBAs) securities. Securities to be settled and delivered after March 31, 2024. Securities may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement. | |
(I) | Rates disclosed reflect the yields at March 31, 2024. | |
(J) | 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. |
PORTFOLIO ABBREVIATIONS:
REIT | Real Estate Investment Trust | |
SOFR | Secured Overnight Financing Rate | |
STACR | Structured Agency Credit Risk | |
STRIPS | Separate Trading of Registered Interest and Principal of Securities | |
TBA | To Be Announced |
Transamerica Series Trust | Page 11 |
Transamerica Janus Balanced VP
NOTES TO SCHEDULE OF INVESTMENTS
At March 31, 2024
(unaudited)
INVESTMENT VALUATION
Transamerica Janus Balanced 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.
Asset-backed securities: The fair value of asset-backed securities is estimated based on models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.
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Transamerica Janus Balanced VP
NOTES TO SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Corporate debt securities: The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.
Mortgage-backed securities: The fair value of mortgage-backed securities is estimated based on models that consider issuer type, coupon, cash flows, mortgage prepayment projection tables and adjustable rate mortgage evaluations that incorporate index data, periodic life caps and the next coupon reset date. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.
U.S. government agency obligations: U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced (“TBA”) securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.
U.S. government obligations: U.S. government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.
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.
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