Transamerica Series Trust NPORTP Transamerica JPMorgan Tactical Allocation VP (Mar 2024 report)

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS

At March 31, 2024

(unaudited)


	Principal		Value
ASSET-BACKED SECURITIES - 0.4%
Cayman Islands - 0.1%
LFT CRE Ltd.
Series 2021-FL1, Class C,
1-Month Term SOFR + 2.06%, 7.39%^(A), 06/15/2039^(B)		$ 1,420,000		$ 1,378,670

United States - 0.3%
American Homes 4 Rent Trust
Series 2015-SFR1, Class A,
3.47%, 04/17/2052 ^(B)		207,732		203,216
CoreVest American Finance Ltd.
Series 2019-3, Class A,
2.71%, 10/15/2052^(B)		446,460		436,226
Goodgreen Trust
Series 2017, Class R1,
5.00%, 10/20/2051^(B)		757		722
NRZ Excess Spread-Collateralized Notes
Series 2021-FHT1, Class A,
3.10%, 07/25/2026^(B)		933,611		870,820
Series 2021-FNT2, Class A,
3.23%, 05/25/2026^(B)		536,759		504,711
P4 SFR Holdco LLC
Series 2019-STL, Class A,
7.25%, 10/11/2026		1,000,000		952,500
SART
Series 2018-1,
4.75%, 06/15/2025		69,477		69,241

				3,037,436

Total Asset-Backed Securities (Cost $4,618,136)				4,416,106


CORPORATE DEBT SECURITIES - 21.8%
Australia - 0.2%
BHP Billiton Finance USA Ltd.
5.25%, 09/08/2030 - 09/08/2033		634,000		643,844
Commonwealth Bank of Australia
3.78%, 03/14/2032^(B)		375,000		331,616
National Australia Bank Ltd.
2.33%, 08/21/2030^(B)		415,000		342,040
Newmont Corp./Newcrest Finance Pty. Ltd.
3.25%, 05/13/2030^(B)		305,000		275,714
Santos Finance Ltd.
3.65%, 04/29/2031^(B)		352,000		306,919
6.88%, 09/19/2033^(B)		359,000		379,710

				2,279,843

Brazil - 0.0% ^(C)
Vale Overseas Ltd.
6.13%, 06/12/2033		222,000		224,260

Canada - 0.4%
Air Canada Pass-Through Trust
3.75%, 06/15/2029^(B)		745,581		701,327
Alimentation Couche-Tard, Inc.
5.62%, 02/12/2054^(B)		185,000		187,019
Barrick Gold Corp.
6.45%, 10/15/2035		69,000		75,141
Canadian Pacific Railway Co.
2.05%, 03/05/2030		443,000		376,508
4.70%, 05/01/2048		285,000		253,349


	Principal		Value

CORPORATE DEBT SECURITIES (continued)
Canada (continued)
Enbridge, Inc.
Fixed until 10/15/2028, 8.25%^(A), 01/15/2084		$ 457,000		$ 475,764
Federation des Caisses Desjardins du Quebec
5.70%, 03/14/2028^(B)		330,000		335,143
Fortis, Inc.
3.06%, 10/04/2026		726,000		687,356
Manulife Financial Corp.
Fixed until 02/24/2027, 4.06%^(A), 02/24/2032		228,000		218,479
Rogers Communications, Inc.
3.80%, 03/15/2032		362,000		325,552
Royal Bank of Canada
6.00%, 11/01/2027		452,000		467,360

				4,102,998

Cayman Islands - 0.3%
Avolon Holdings Funding Ltd.
2.13%, 02/21/2026^(B)		264,000		246,015
2.75%, 02/21/2028^(B)		860,000		769,832
2.88%, 02/15/2025^(B)		391,000		380,489
3.25%, 02/15/2027^(B)		106,000		98,464
4.25%, 04/15/2026^(B)		391,000		377,452
4.38%, 05/01/2026^(B)		373,000		360,329
5.50%, 01/15/2026^(B)		168,000		166,243
5.75%, 03/01/2029^(B)		370,000		368,179
6.38%, 05/04/2028^(B)		380,000		388,027

				3,155,030

Chile - 0.1%
Corp. Nacional del Cobre de Chile
6.44%, 01/26/2036^(B)		627,000		645,867

Denmark - 0.0% ^(C)
Danske Bank AS
Fixed until 04/01/2027, 4.30%^(A), 04/01/2028^(B)		225,000		217,171
Fixed until 03/01/2029, 5.71%^(A), 03/01/2030 ^(B)		200,000		201,443

				418,614

Finland - 0.0% ^(C)
Nordea Bank Abp
Fixed until 09/13/2028, 4.63%^(A), 09/13/2033 ^(B)		270,000		256,230

France - 0.8%
Banque Federative du Credit Mutuel SA
5.79%, 07/13/2028^(B)		905,000		928,098
BNP Paribas SA
Fixed until 06/12/2028, 5.34%^(A), 06/12/2029^(B)		820,000		824,375
Fixed until 05/20/2029, 5.50%^(A), 05/20/2030^(B)		390,000		391,032
Fixed until 08/16/2029 ^(D), 7.75%^{(A) (B)}		300,000		307,190
BPCE SA
Fixed until 10/06/2025, 1.65% ^(A), 10/06/2026^(B)		935,000		878,014
Fixed until 10/19/2031, 3.12% ^(A), 10/19/2032^(B)		250,000		204,747


Transamerica Series Trust			Page 1

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
France (continued)
BPCE SA (continued)
Fixed until 01/18/2026, 5.98%^(A), 01/18/2027^(B)		$ 250,000		$ 250,699
Fixed until 10/19/2028, 6.71%^(A), 10/19/2029^(B)		910,000		952,509
Fixed until 10/19/2033, 7.00%^(A), 10/19/2034^(B)		285,000		310,558
Credit Agricole SA
Fixed until 01/10/2034, 6.25%^(A), 01/10/2035^(B)		435,000		442,493
Fixed until 10/03/2028, 6.32%^(A), 10/03/2029^(B)		315,000		326,937
Electricite de France SA
5.70%, 05/23/2028^{(B) (E)}		275,000		278,938
6.90%, 05/23/2053^(B)		250,000		272,651
Societe Generale SA
Fixed until 06/09/2026, 1.79%^(A), 06/09/2027^(B)		700,000		641,550
Fixed until 01/19/2027, 2.80%^(A), 01/19/2028^(B)		409,000		377,688
Fixed until 01/19/2034, 6.07%^(A), 01/19/2035^(B)		215,000		216,478
TotalEnergies Capital International SA
2.99%, 06/29/2041		484,000		365,648

				7,969,605

Germany - 0.2%
Deutsche Bank AG
Fixed until 11/24/2025, 2.13%^(A), 11/24/2026		450,000		424,430
Fixed until 11/16/2026, 2.31%^(A), 11/16/2027		460,000		420,362
Fixed until 02/08/2027, 5.71%^(A), 02/08/2028		310,000		309,766
Fixed until 11/20/2028, 6.82%^(A), 11/20/2029		555,000		580,596
Fixed until 07/13/2026, 7.15%^(A), 07/13/2027		460,000		472,812

				2,207,966

Ireland - 0.4%
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust
2.45%, 10/29/2026		584,000		542,171
3.00%, 10/29/2028		990,000		896,260
3.30%, 01/30/2032		364,000		312,312
6.10%, 01/15/2027		255,000		259,335
AIB Group PLC
Fixed until 03/28/2034, 5.87%^(A), 03/28/2035 ^(B)		200,000		200,900
Bank of Ireland Group PLC
Fixed until 03/20/2029, 5.60%^(A), 03/20/2030^(B)		435,000		434,461
Fixed until 09/16/2025, 6.25%^(A), 09/16/2026^(B)		330,000		331,918
SMBC Aviation Capital Finance DAC
5.55%, 04/03/2034^{(B) (F)}		310,000		308,283
Smurfit Kappa Treasury ULC
5.44%, 04/03/2034^{(B) (F)}		270,000		270,368
5.78%, 04/03/2054^{(B) (F)}		300,000		303,762

				3,859,770

Italy - 0.2%
Eni SpA
5.70%, 10/01/2040^(B)		150,000		145,718


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Italy (continued)
Intesa Sanpaolo SpA
Fixed until 06/01/2041, 4.95%^(A), 06/01/2042^(B)		$ 310,000		$ 231,588
6.63%, 06/20/2033^(B)		930,000		965,669
7.20%, 11/28/2033^(B)		375,000		404,988
UniCredit SpA
Fixed until 06/03/2026, 1.98%^(A), 06/03/2027 ^(B)		480,000		443,185

				2,191,148

Jersey, Channel Islands - 0.0%^(C)
Galaxy Pipeline Assets Bidco Ltd.
2.94%, 09/30/2040^(B)		274,734		220,259

Mexico - 0.1%
Coca-Cola Femsa SAB de CV
1.85%, 09/01/2032		200,000		156,455
Mexico City Airport Trust
5.50%, 07/31/2047^(B)		200,000		168,786
Petroleos Mexicanos
6.50%, 03/13/2027		280,000		263,919

				589,160

Multi-National - 0.1%
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL
6.75%, 03/15/2034^(B)		138,000		145,227
7.25%, 11/15/2053^(B)		478,000		511,470
NXP BV/NXP Funding LLC/NXP USA, Inc.
2.50%, 05/11/2031		377,000		315,936
2.65%, 02/15/2032		507,000		421,577

				1,394,210

Netherlands - 0.3%
ABN AMRO Bank NV
Fixed until 09/18/2026, 6.34%^(A), 09/18/2027 ^(B)		300,000		305,239
Braskem Netherlands Finance BV
7.25%, 02/13/2033^{(B) (E)}		248,000		238,632
Cooperatieve Rabobank UA
3.75%, 07/21/2026		960,000		922,870
ENEL Finance International NV
1.88%, 07/12/2028^(B)		200,000		175,251
2.25%, 07/12/2031^(B)		200,000		161,936
3.50%, 04/06/2028^(B)		200,000		188,612
5.00%, 06/15/2032^(B)		690,000		668,578

				2,661,118

Norway - 0.1%
Aker BP ASA
3.10%, 07/15/2031^(B)		383,000		327,576
6.00%, 06/13/2033^(B)		380,000		392,821

				720,397

Panama - 0.0% ^(C)
Banco Nacional de Panama
2.50%, 08/11/2030^(B)		300,000		234,445

Saudi Arabia - 0.0%^(C)
Saudi Arabian Oil Co.
1.63%, 11/24/2025^(B)		200,000		187,920

Singapore - 0.2%
IBM International Capital Pte. Ltd.
4.75%, 02/05/2031		295,000		289,704


Transamerica Series Trust			Page 2

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
Singapore (continued)
IBM International Capital Pte. Ltd. (continued)
5.30%, 02/05/2054		$ 100,000		$ 97,787
Pepsico Singapore Financing I Pte. Ltd.
4.70%, 02/16/2034		430,000		424,715
Pfizer Investment Enterprises Pte. Ltd.
4.75%, 05/19/2033		438,000		431,365
5.30%, 05/19/2053		61,000		60,804
5.34%, 05/19/2063		961,000		944,306

				2,248,681

Spain - 0.4%
Banco Bilbao Vizcaya Argentaria SA
Fixed until 11/15/2033, 7.88%^(A), 11/15/2034		400,000		437,825
Fixed until 03/19/2029^(D), 9.38%^(A)		400,000		430,231
Banco Santander SA
Fixed until 09/14/2026, 1.72%^(A), 09/14/2027		600,000		547,355
6.94%, 11/07/2033		400,000		442,268
Fixed until 11/21/2028 ^(D), 9.63%^(A)		600,000		640,285
Fixed until 05/21/2033 ^(D), 9.63%^(A)		400,000		440,758
CaixaBank SA
Fixed until 06/15/2034, 6.04%^(A), 06/15/2035^(B)		200,000		201,751
Fixed until 09/13/2026, 6.68%^(A), 09/13/2027^(B)		395,000		403,664
Fixed until 09/13/2033, 6.84%^(A), 09/13/2034^(B)		645,000		689,408

				4,233,545

Sweden - 0.1%
Svenska Handelsbanken AB
5.50%, 06/15/2028^(B)		480,000		485,162

Switzerland - 0.2%
Credit Suisse AG
7.50%, 02/15/2028		825,000		890,427
UBS Group AG
Fixed until 02/08/2034, 5.70%^(A), 02/08/2035^(B)		325,000		327,007
Fixed until 11/13/2028 ^(D), 9.25%^{(A) (B)}		200,000		216,697
Fixed until 11/13/2033 ^(D), 9.25%^{(A) (B)}		200,000		225,710

				1,659,841

United Kingdom - 0.9%
Anglo American Capital PLC
4.00%, 09/11/2027^(B)		250,000		238,663
AstraZeneca PLC
6.45%, 09/15/2037		95,000		107,415
Barclays PLC
Fixed until 05/09/2026, 5.83%^(A), 05/09/2027		643,000		644,642
Fixed until 09/13/2028, 6.49%^(A), 09/13/2029		385,000		400,183
BP Capital Markets PLC
Fixed until 03/22/2030^(D), 4.88%^(A)		330,000		315,502
Fixed until 12/01/2033 ^(D), 6.45%^(A)		250,000		259,285
HSBC Holdings PLC
Fixed until 08/17/2028, 2.21%^(A), 08/17/2029		830,000		727,242
Fixed until 11/22/2026, 2.25% ^(A), 11/22/2027		590,000		543,981
Fixed until 03/04/2034, 5.72% ^(A), 03/04/2035		300,000		303,613
Fixed until 08/14/2026, 5.89% ^(A), 08/14/2027		580,000		585,376


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United Kingdom (continued)
HSBC Holdings PLC (continued)
Fixed until 11/03/2027, 7.39% ^(A), 11/03/2028		$ 485,000		$ 516,126
Imperial Brands Finance PLC
3.50%, 07/26/2026^(B)		612,000		583,858
Macquarie Airfinance Holdings Ltd.
6.40%, 03/26/2029^(B)		30,000		30,470
6.50%, 03/26/2031^(B)		30,000		30,541
Nationwide Building Society
Fixed until 10/18/2026, 6.56%^(A), 10/18/2027 ^(B)		695,000		713,248
NatWest Group PLC
Fixed until 03/01/2034, 5.78%^(A), 03/01/2035		790,000		801,162
Fixed until 12/29/2025 ^(D), 6.00%^(A)		370,000		361,300
Santander UK Group Holdings PLC
Fixed until 11/21/2025, 6.83%^(A), 11/21/2026		885,000		899,819
Standard Chartered PLC
Fixed until 02/08/2027, 6.75%^(A), 02/08/2028^(B)		280,000		288,796
Fixed until 02/08/2029, 7.02%^(A), 02/08/2030^(B)		915,000		969,086

				9,320,308

United States - 16.8%
7-Eleven, Inc.
2.50%, 02/10/2041^(B)		219,000		147,815
2.80%, 02/10/2051^(B)		260,000		162,255
AbbVie, Inc.
4.05%, 11/21/2039		740,000		660,214
4.25%, 11/21/2049		122,000		105,977
4.40%, 11/06/2042		181,000		164,364
4.50%, 05/14/2035		157,000		150,962
4.63%, 10/01/2042		484,000		451,632
4.80%, 03/15/2029		345,000		345,399
4.95%, 03/15/2031		195,000		196,380
5.05%, 03/15/2034		90,000		91,085
5.35%, 03/15/2044		160,000		163,385
5.40%, 03/15/2054		280,000		288,162
5.50%, 03/15/2064		70,000		72,081
AES Corp.
3.30%, 07/15/2025^(B)		193,000		186,981
5.45%, 06/01/2028		701,000		699,912
Aetna, Inc.
3.88%, 08/15/2047		408,000		311,797
4.13%, 11/15/2042		262,000		213,698
6.75%, 12/15/2037		225,000		250,642
Air Products & Chemicals, Inc.
4.85%, 02/08/2034		695,000		686,901
Albemarle Corp.
4.65%, 06/01/2027		49,000		48,117
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP
4.88%, 02/15/2030^(B)		578,000		549,976
5.88%, 02/15/2028^(B)		88,000		87,127
Alliant Energy Finance LLC
1.40%, 03/15/2026^(B)		76,000		69,121
5.95%, 03/30/2029^(B)		577,000		594,573
Altria Group, Inc.
3.40%, 02/04/2041		529,000		388,667
6.88%, 11/01/2033		385,000		418,926
Amazon.com, Inc.
2.50%, 06/03/2050		142,000		90,863
2.70%, 06/03/2060		145,000		90,035


Transamerica Series Trust			Page 3

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
Amazon.com, Inc. (continued)
3.10%, 05/12/2051		$ 200,000		$ 143,089
3.88%, 08/22/2037		663,000		599,116
American Airlines Pass-Through Trust
3.38%, 11/01/2028		172,579		163,063
3.95%, 01/11/2032		44,115		40,603
4.10%, 07/15/2029		209,650		196,149
American Tower Corp.
2.75%, 01/15/2027		515,000		482,530
5.20%, 02/15/2029		455,000		455,241
American Water Capital Corp.
5.45%, 03/01/2054		329,000		332,386
Amgen, Inc.
2.45%, 02/21/2030		646,000		565,021
2.80%, 08/15/2041		380,000		275,736
4.20%, 02/22/2052		408,000		335,013
4.66%, 06/15/2051		180,000		159,656
4.88%, 03/01/2053		175,000		159,291
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.
4.70%, 02/01/2036		899,000		873,763
Anheuser-Busch InBev Finance, Inc.
4.70%, 02/01/2036		194,000		188,554
Anheuser-Busch InBev Worldwide, Inc.
4.35%, 06/01/2040		165,000		149,488
4.38%, 04/15/2038		309,000		287,275
Apple, Inc.
2.70%, 08/05/2051		560,000		371,438
2.80%, 02/08/2061		60,000		38,466
Astrazeneca Finance LLC
5.00%, 02/26/2034		380,000		381,878
AT&T, Inc.
2.55%, 12/01/2033		1,020,000		818,020
3.50%, 09/15/2053		100,000		70,663
3.55%, 09/15/2055		390,000		273,022
3.65%, 09/15/2059		388,000		270,986
3.80%, 12/01/2057		177,000		128,346
5.40%, 02/15/2034		146,000		148,028
Bank of America Corp.
Fixed until 07/23/2030, 1.90% ^(A), 07/23/2031		252,000		206,967
Fixed until 10/24/2030, 1.92% ^(A), 10/24/2031		252,000		205,451
Fixed until 06/19/2040, 2.68% ^(A), 06/19/2041		78,000		55,580
Fixed until 10/22/2029, 2.88% ^(A), 10/22/2030		1,285,000		1,142,850
Fixed until 12/20/2027, 3.42% ^(A), 12/20/2028		1,252,000		1,173,823
Fixed until 07/21/2027, 3.59% ^(A), 07/21/2028		193,000		183,507
Fixed until 04/24/2027, 3.71% ^(A), 04/24/2028		678,000		649,026
Fixed until 01/20/2027, 3.82% ^(A), 01/20/2028		1,725,000		1,662,046
Fixed until 02/07/2029, 3.97% ^(A), 02/07/2030		675,000		639,686
Fixed until 04/27/2027, 4.38% ^(A), 04/27/2028		214,000		208,978
Fixed until 04/25/2028, 5.20% ^(A), 04/25/2029		825,000		825,758
Fixed until 04/25/2033, 5.29% ^(A), 04/25/2034		326,000		325,041
Fixed until 01/23/2034, 5.47%^(A), 01/23/2035		690,000		695,474
Fixed until 09/15/2028, 5.82%^(A), 09/15/2029		1,482,000		1,520,527


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
BAT Capital Corp.
4.39%, 08/15/2037		$ 470,000		$ 395,216
4.54%, 08/15/2047		489,000		377,140
5.83%, 02/20/2031		955,000		967,299
6.00%, 02/20/2034		194,000		196,487
7.08%, 08/02/2043		460,000		491,545
Baxter International, Inc.
2.54%, 02/01/2032^(E)		1,787,000		1,481,668
Berkshire Hathaway Energy Co.
4.60%, 05/01/2053		73,000		63,363
Berkshire Hathaway Finance Corp.
3.85%, 03/15/2052		76,000		61,586
Berry Global, Inc.
5.65%, 01/15/2034^(B)		830,000		825,737
Bimbo Bakeries USA, Inc.
4.00%, 05/17/2051^(B)		200,000		154,897
5.38%, 01/09/2036^(B)		640,000		634,984
6.05%, 01/15/2029^(B)		219,000		226,646
Biogen, Inc.
2.25%, 05/01/2030		1,256,000		1,060,775
Boeing Co.
2.95%, 02/01/2030		260,000		224,615
3.25%, 02/01/2035		71,000		55,911
3.60%, 05/01/2034		225,000		186,714
3.63%, 02/01/2031		209,000		184,006
3.95%, 08/01/2059		551,000		377,370
5.15%, 05/01/2030		230,000		222,804
5.81%, 05/01/2050		453,000		430,205
BP Capital Markets America, Inc.
4.99%, 04/10/2034		355,000		354,780
Bristol-Myers Squibb Co.
2.35%, 11/13/2040		68,000		46,490
3.70%, 03/15/2052		325,000		249,961
3.90%, 03/15/2062		180,000		137,414
4.90%, 02/22/2029		260,000		261,287
5.10%, 02/22/2031		110,000		111,162
5.20%, 02/22/2034		300,000		304,848
5.55%, 02/22/2054		320,000		330,574
5.65%, 02/22/2064		215,000		221,821
6.25%, 11/15/2053		275,000		310,222
6.40%, 11/15/2063		140,000		160,281
Broadcom, Inc.
3.14%, 11/15/2035^(B)		694,000		560,728
3.42%, 04/15/2033^(B)		1,025,000		886,985
Burlington Northern Santa Fe LLC
3.90%, 08/01/2046		243,000		199,174
4.15%, 04/01/2045		62,000		52,979
4.38%, 09/01/2042		62,000		55,552
5.20%, 04/15/2054		239,000		237,254
Cardinal Health, Inc.
5.45%, 02/15/2034		250,000		252,571
Celanese US Holdings LLC
6.35%, 11/15/2028		228,000		236,278
Cencora, Inc.
2.70%, 03/15/2031		957,000		822,267
2.80%, 05/15/2030		101,000		89,240
5.13%, 02/15/2034		255,000		254,595
CenterPoint Energy, Inc.
2.95%, 03/01/2030		134,000		119,867
CF Industries, Inc.
4.95%, 06/01/2043		234,000		209,696
Charter Communications Operating LLC/Charter Communications Operating Capital
2.25%, 01/15/2029		100,000		85,125
2.80%, 04/01/2031		312,000		255,396
3.50%, 06/01/2041 - 03/01/2042		917,000		615,962


Transamerica Series Trust			Page 4

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
Charter Communications Operating LLC/Charter Communications Operating Capital (continued)
3.70%, 04/01/2051		$ 853,000		$ 528,005
6.38%, 10/23/2035		78,000		77,172
6.65%, 02/01/2034^(E)		300,000		307,899
Cheniere Corpus Christi Holdings LLC
3.70%, 11/15/2029		240,000		223,350
Cheniere Energy Partners LP
3.25%, 01/31/2032		1,044,000		889,578
4.50%, 10/01/2029		676,000		643,509
Cheniere Energy, Inc.
4.63%, 10/15/2028		346,000		334,959
5.65%, 04/15/2034^(B)		145,000		146,007
Chesapeake Energy Corp.
5.88%, 02/01/2029^(B)		390,000		386,813
6.75%, 04/15/2029^(B)		595,000		601,358
Cisco Systems, Inc.
4.95%, 02/26/2031		875,000		882,819
5.05%, 02/26/2034		356,000		361,108
5.30%, 02/26/2054		20,000		20,549
Citigroup, Inc.
Fixed until 05/01/2031, 2.56%^(A), 05/01/2032		310,000		258,374
Fixed until 11/05/2029, 2.98%^(A), 11/05/2030		606,000		538,292
Fixed until 10/27/2027, 3.52%^(A), 10/27/2028		1,444,000		1,362,284
Fixed until 07/24/2027, 3.67%^(A), 07/24/2028		801,000		761,764
Fixed until 01/10/2027, 3.89%^(A), 01/10/2028		1,467,000		1,415,030
Fixed until 12/10/2025 ^(D), 4.00%^(A)		485,000		465,023
Fixed until 04/23/2028, 4.08%^(A), 04/23/2029		280,000		268,207
Fixed until 02/13/2034, 5.83%^(A), 02/13/2035		935,000		925,943
Fixed until 05/25/2033, 6.17%^(A), 05/25/2034		219,000		222,144
Columbia Pipelines Operating Co. LLC
5.93%, 08/15/2030^(B)		140,000		143,761
6.04%, 11/15/2033^(B)		468,000		485,217
6.71%, 08/15/2063^(B)		112,000		123,094
Comcast Corp.
2.65%, 02/01/2030		210,000		186,901
2.80%, 01/15/2051		102,000		65,276
2.89%, 11/01/2051		756,000		492,097
2.94%, 11/01/2056		1,004,000		634,510
3.20%, 07/15/2036		459,000		377,350
3.75%, 04/01/2040		195,000		162,216
5.35%, 05/15/2053		43,000		42,721
Commonwealth Edison Co.
3.65%, 06/15/2046		133,000		102,085
4.70%, 01/15/2044		102,000		92,918
ConocoPhillips Co.
4.03%, 03/15/2062		187,000		148,444
5.70%, 09/15/2063		232,000		243,572
Constellation Brands, Inc.
3.15%, 08/01/2029		98,000		89,313
Constellation Energy Generation LLC
5.60%, 06/15/2042		140,000		138,461
5.75%, 03/15/2054		193,000		193,343
6.50%, 10/01/2053		338,000		372,082
Continental Resources, Inc.
2.27%, 11/15/2026^(B)		280,000		257,876
COPT Defense Properties LP
2.00%, 01/15/2029		165,000		138,407
2.75%, 04/15/2031		349,000		287,642


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
Cox Communications, Inc.
4.80%, 02/01/2035^(B)		$ 181,000		$ 168,150
Crown Castle, Inc.
3.65%, 09/01/2027		610,000		578,449
5.00%, 01/11/2028		185,000		183,063
5.60%, 06/01/2029		445,000		451,307
CSX Corp.
2.50%, 05/15/2051		405,000		248,579
Cummins, Inc.
5.45%, 02/20/2054		440,000		450,782
CVS Health Corp.
2.70%, 08/21/2040		646,000		449,237
3.25%, 08/15/2029		165,000		151,422
4.78%, 03/25/2038		200,000		185,017
5.88%, 06/01/2053		590,000		601,442
CVS Pass-Through Trust
6.20%, 10/10/2025 ^(B)		20,228		20,150
Danaher Corp.
2.80%, 12/10/2051		149,000		98,026
Darden Restaurants, Inc.
6.30%, 10/10/2033		340,000		354,288
Diamondback Energy, Inc.
6.25%, 03/15/2033		175,000		186,712
Discovery Communications LLC
3.63%, 05/15/2030		63,000		56,367
Duke Energy Carolinas LLC
4.00%, 09/30/2042		170,000		141,399
Duke Energy Corp.
4.85%, 01/05/2029		350,000		346,905
Duke Energy Florida LLC
1.75%, 06/15/2030		203,000		168,748
Duke Energy Indiana LLC
2.75%, 04/01/2050		200,000		126,964
3.75%, 05/15/2046		177,000		138,482
5.25%, 03/01/2034		555,000		559,810
5.40%, 04/01/2053		51,000		50,127
Duke Energy Ohio, Inc.
5.25%, 04/01/2033		98,000		99,129
5.55%, 03/15/2054		187,000		186,651
5.65%, 04/01/2053		35,000		35,547
Duke Energy Progress LLC
2.90%, 08/15/2051		255,000		165,313
5.25%, 03/15/2033		186,000		188,212
Duquesne Light Holdings, Inc.
3.62%, 08/01/2027^(B)		376,000		352,812
Eastman Chemical Co.
5.75%, 03/08/2033		285,000		290,016
Electronic Arts, Inc.
1.85%, 02/15/2031		474,000		388,587
2.95%, 02/15/2051		144,000		96,399
Elevance Health, Inc.
2.88%, 09/15/2029		172,000		155,231
4.63%, 05/15/2042		132,000		120,049
4.65%, 01/15/2043		116,000		105,713
6.10%, 10/15/2052		146,000		158,336
Eli Lilly & Co.
4.95%, 02/27/2063		75,000		72,894
Emera US Finance LP
2.64%, 06/15/2031		298,000		243,145
4.75%, 06/15/2046		211,000		173,652
Energy Transfer LP
5.63%, 05/01/2027^(B)		845,000		842,044
5.75%, 02/15/2033		196,000		199,354
6.00%, 02/01/2029^(B)		1,419,000		1,431,587
6.40%, 12/01/2030		360,000		379,772
6.55%, 12/01/2033		102,000		109,332
7.38%, 02/01/2031^(B)		210,000		219,842


Transamerica Series Trust			Page 5

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
EnLink Midstream LLC
5.38%, 06/01/2029		$ 65,000		$ 63,781
5.63%, 01/15/2028^(B)		230,000		227,703
6.50%, 09/01/2030^(B)		245,000		251,967
Entergy Arkansas LLC
4.95%, 12/15/2044		68,000		60,298
Entergy Louisiana LLC
1.60%, 12/15/2030		193,000		153,986
2.90%, 03/15/2051		371,000		235,788
5.70%, 03/15/2054		145,000		147,612
Entergy Mississippi LLC
3.50%, 06/01/2051		52,000		37,496
Entergy Texas, Inc.
3.45%, 12/01/2027		39,000		36,674
Enterprise Products Operating LLC
6.65%, 10/15/2034		256,000		285,785
EQT Corp.
3.13%, 05/15/2026^(B)		140,000		132,687
Essex Portfolio LP
1.70%, 03/01/2028		325,000		285,091
2.65%, 03/15/2032		144,000		119,129
5.50%, 04/01/2034		110,000		110,188
Evergy Metro, Inc.
2.25%, 06/01/2030		167,000		142,421
Exelon Corp.
5.60%, 03/15/2053		163,000		162,939
Extra Space Storage LP
5.50%, 07/01/2030		481,000		486,223
5.90%, 01/15/2031		380,000		393,461
Exxon Mobil Corp.
3.00%, 08/16/2039		339,000		265,176
FedEx Corp.
3.25%, 05/15/2041		157,000		117,693
Fells Point Funding Trust
3.05%, 01/31/2027^(B)		1,378,000		1,293,416
Fifth Third Bancorp
Fixed until 04/25/2032, 4.34%^(A), 04/25/2033		167,000		152,498
Fixed until 01/29/2031, 5.63%^(A), 01/29/2032		110,000		110,205
FirstEnergy Transmission LLC
2.87%, 09/15/2028^(B)		465,000		424,033
4.55%, 04/01/2049^(B)		838,000		709,998
Flex Intermediate Holdco LLC
3.36%, 06/30/2031^(B)		353,000		285,151
Ford Motor Co.
3.25%, 02/12/2032		585,000		486,657
4.75%, 01/15/2043		200,000		165,810
Ford Motor Credit Co. LLC
4.95%, 05/28/2027		230,000		224,428
5.80%, 03/08/2029^(E)		450,000		451,627
6.05%, 03/05/2031		410,000		413,456
Freeport-McMoRan, Inc.
4.13%, 03/01/2028		167,000		159,571
4.63%, 08/01/2030^(E)		60,000		57,642
5.40%, 11/14/2034		39,000		38,573
GE Capital Funding LLC
4.55%, 05/15/2032		200,000		194,022
General Motors Co.
5.15%, 04/01/2038		110,000		103,325
5.95%, 04/01/2049^(E)		140,000		138,248
General Motors Financial Co., Inc.
5.75%, 02/08/2031		250,000		252,844
6.10%, 01/07/2034		160,000		164,489
Gilead Sciences, Inc.
2.60%, 10/01/2040		409,000		289,173
4.60%, 09/01/2035		379,000		362,943


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
Gilead Sciences, Inc. (continued)
5.25%, 10/15/2033		$ 578,000		$ 590,626
5.55%, 10/15/2053		72,000		74,643
Glencore Funding LLC
5.63%, 04/04/2034^{(B) (F)}		1,105,000		1,109,180
5.89%, 04/04/2054^{(B) (F)}		110,000		111,612
6.38%, 10/06/2030^(B)		340,000		358,729
Global Payments, Inc.
3.20%, 08/15/2029		1,149,000		1,030,563
Goldman Sachs Group, Inc.
Fixed until 03/09/2026, 1.43%^(A), 03/09/2027		845,000		782,802
Fixed until 09/10/2026, 1.54%^(A), 09/10/2027		1,093,000		998,461
Fixed until 10/21/2026, 1.95%^(A), 10/21/2027		511,000		470,016
Fixed until 10/31/2037, 4.02%^(A), 10/31/2038		306,000		263,661
Fixed until 10/24/2028, 6.48%^(A), 10/24/2029		1,750,000		1,842,628
HCA, Inc.
2.38%, 07/15/2031		321,000		264,337
3.63%, 03/15/2032		354,000		313,645
4.50%, 02/15/2027		605,000		593,359
4.63%, 03/15/2052		187,000		156,621
5.20%, 06/01/2028		400,000		401,224
5.25%, 06/15/2049		180,000		164,454
5.50%, 06/15/2047		171,000		162,837
5.60%, 04/01/2034		390,000		393,096
5.63%, 09/01/2028		241,000		244,169
5.88%, 02/15/2026		102,000		102,452
Hess Corp.
5.60%, 02/15/2041		395,000		403,094
6.00%, 01/15/2040		165,000		174,328
Hess Midstream Operations LP
4.25%, 02/15/2030^(B)		115,000		105,659
5.50%, 10/15/2030^{(B) (E)}		270,000		261,554
Home Depot, Inc.
2.38%, 03/15/2051		507,000		301,730
3.30%, 04/15/2040		125,000		99,907
3.35%, 04/15/2050		110,000		80,662
Honeywell International, Inc.
5.35%, 03/01/2064		130,000		131,965
Huntington Bancshares, Inc.
Fixed until 02/02/2034, 5.71%^(A), 02/02/2035		404,000		402,997
Fixed until 08/21/2028, 6.21%^(A), 08/21/2029		287,000		293,649
Intel Corp.
3.05%, 08/12/2051		100,000		67,499
3.25%, 11/15/2049		247,000		174,484
3.73%, 12/08/2047		87,000		67,645
5.60%, 02/21/2054		300,000		306,300
Intercontinental Exchange, Inc.
4.00%, 09/15/2027		428,000		415,379
Intuit, Inc.
5.20%, 09/15/2033		229,000		233,131
ITC Holdings Corp.
2.95%, 05/14/2030^(B)		1,239,000		1,092,548
5.40%, 06/01/2033^(B)		171,000		170,713
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.
4.38%, 02/02/2052		53,000		38,462
JetBlue Pass-Through Trust Class AA,
2.75%, 11/15/2033		157,702		135,846
8.00%, 11/15/2027		191,656		193,283


Transamerica Series Trust			Page 6

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
Kenvue, Inc.
5.20%, 03/22/2063		$ 42,000		$ 41,618
Keurig Dr Pepper, Inc.
5.30%, 03/15/2034		330,000		331,362
KeyBank NA
3.90%, 04/13/2029		590,000		529,854
KeyCorp
Fixed until 06/01/2032, 4.79%^(A), 06/01/2033		209,000		191,488
Fixed until 03/06/2034, 6.40%^(A), 03/06/2035		740,000		756,215
Kimco Realty OP LLC
6.40%, 03/01/2034		440,000		470,952
Kinder Morgan Energy Partners LP
5.00%, 08/15/2042		326,000		290,770
KLA Corp.
4.65%, 07/15/2032		209,000		205,898
4.70%, 02/01/2034		327,000		322,594
Kroger Co.
4.45%, 02/01/2047		90,000		77,654
L3Harris Technologies, Inc.
4.40%, 06/15/2028		592,000		576,402
5.35%, 06/01/2034		675,000		674,783
Leidos, Inc.
2.30%, 02/15/2031		727,000		601,496
5.75%, 03/15/2033		242,000		248,194
LYB International Finance III LLC
3.63%, 04/01/2051		224,000		158,306
Marathon Oil Corp.
5.70%, 04/01/2034		530,000		530,667
Marriott International, Inc.
4.88%, 05/15/2029		510,000		504,760
5.30%, 05/15/2034		305,000		301,723
5.55%, 10/15/2028		512,000		523,103
Marvell Technology, Inc.
5.75%, 02/15/2029		544,000		557,226
5.95%, 09/15/2033		592,000		614,330
Massachusetts Electric Co.
1.73%, 11/24/2030^(B)		372,000		296,398
McDonald’s Corp.
3.70%, 02/15/2042		298,000		241,756
5.45%, 08/14/2053		172,000		174,296
MDC Holdings, Inc.
3.85%, 01/15/2030		151,000		140,124
6.00%, 01/15/2043		265,000		269,337
Merck & Co., Inc.
5.15%, 05/17/2063		116,000		115,062
Meta Platforms, Inc.
4.45%, 08/15/2052		226,000		201,193
5.75%, 05/15/2063		144,000		154,399
Metropolitan Life Global Funding I
2.95%, 04/09/2030^(B)		230,000		204,129
5.05%, 01/08/2034^(B)		310,000		307,343
5.15%, 03/28/2033^(B)		545,000		545,970
Microsoft Corp.
2.50%, 09/15/2050^(B)		522,000		337,200
Mid-Atlantic Interstate Transmission LLC
4.10%, 05/15/2028^(B)		314,000		302,073
Mohawk Industries, Inc.
5.85%, 09/18/2028		298,000		306,914
Monongahela Power Co.
3.55%, 05/15/2027^(B)		362,000		344,425
5.85%, 02/15/2034^(B)		247,000		253,842
Morgan Stanley
Fixed until 07/20/2026, 1.51%^(A), 07/20/2027		636,000		583,977


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
Morgan Stanley (continued)
Fixed until 05/04/2026, 1.59%^(A), 05/04/2027		$ 1,041,000		$ 963,367
Fixed until 02/13/2031, 1.79%^(A), 02/13/2032		462,000		369,394
Fixed until 04/28/2031, 1.93%^(A), 04/28/2032		228,000		183,071
Fixed until 07/21/2031, 2.24%^(A), 07/21/2032		70,000		57,213
Fixed until 09/16/2031, 2.48%^(A), 09/16/2036		706,000		557,891
Fixed until 10/20/2031, 2.51%^(A), 10/20/2032		96,000		79,328
Fixed until 01/22/2030, 2.70%^(A), 01/22/2031		541,000		472,983
Fixed until 01/24/2028, 3.77%^(A), 01/24/2029		233,000		221,739
Fixed until 01/16/2029, 5.17%^(A), 01/16/2030		360,000		360,479
Fixed until 07/21/2033, 5.42%^(A), 07/21/2034		407,000		408,609
Fixed until 07/20/2028, 5.45%^(A), 07/20/2029		102,000		102,887
Fixed until 01/18/2034, 5.47%^(A), 01/18/2035^(E)		180,000		181,776
Fixed until 02/07/2034, 5.94%^(A), 02/07/2039		310,000		308,851
Fixed until 01/19/2033, 5.95%^(A), 01/19/2038		461,000		459,969
Fixed until 10/18/2027, 6.30%^(A), 10/18/2028		471,000		487,133
MPLX LP
5.65%, 03/01/2053		79,000		76,872
Netflix, Inc.
4.88%, 06/15/2030^(B)		328,000		325,818
5.38%, 11/15/2029^(B)		139,000		141,978
New York & Presbyterian Hospital
2.26%, 08/01/2040		316,000		216,345
New York Life Global Funding
1.20%, 08/07/2030^(B)		270,000		214,240
1.85%, 08/01/2031^(B)		255,000		204,989
New York Life Insurance Co.
3.75%, 05/15/2050^(B)		98,000		75,469
4.45%, 05/15/2069^(B)		115,000		93,843
Newmont Corp./Newcrest Finance Pty. Ltd.
4.20%, 05/13/2050^(B)		280,000		231,438
NextEra Energy Capital Holdings, Inc.
4.90%, 03/15/2029		494,000		491,814
5.55%, 03/15/2054		220,000		218,750
NGPL PipeCo LLC
4.88%, 08/15/2027^(B)		431,000		420,555
Niagara Mohawk Power Corp.
4.28%, 12/15/2028^(B)		298,000		284,217
NiSource, Inc.
5.35%, 04/01/2034		412,000		409,704
5.80%, 02/01/2042		48,000		46,818
Nissan Motor Acceptance Co. LLC
6.95%, 09/15/2026^(B)		247,000		253,713
NNN REIT, Inc.
3.00%, 04/15/2052		115,000		74,137
3.50%, 10/15/2027		62,000		58,738
5.60%, 10/15/2033		140,000		141,857
Norfolk Southern Corp.
3.05%, 05/15/2050		239,000		161,736
3.95%, 10/01/2042		102,000		84,356
5.95%, 03/15/2064		180,000		192,317


Transamerica Series Trust			Page 7

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
Northern Natural Gas Co.
3.40%, 10/16/2051^(B)		$ 127,000		$ 88,789
5.63%, 02/01/2054^(B)		60,000		61,215
Northwestern Mutual Life Insurance Co.
3.85%, 09/30/2047^(B)		246,000		192,913
6.06%, 03/30/2040^(B)		316,000		333,346
Occidental Petroleum Corp.
3.50%, 08/15/2029		415,000		375,378
4.63%, 06/15/2045		214,000		173,269
Ohio Power Co.
2.90%, 10/01/2051		239,000		153,793
OhioHealth Corp.
2.30%, 11/15/2031		450,000		375,811
Oracle Corp.
2.30%, 03/25/2028		330,000		298,004
3.60%, 04/01/2040 - 04/01/2050		1,062,000		801,061
3.85%, 07/15/2036		105,000		89,616
3.95%, 03/25/2051		207,000		158,037
Ovintiv, Inc.
6.50%, 02/01/2038		70,000		72,779
Pacific Gas & Electric Co.
4.40%, 03/01/2032		130,000		119,824
4.45%, 04/15/2042		362,000		296,196
4.50%, 07/01/2040		249,475		213,366
4.60%, 06/15/2043		371,000		310,452
5.55%, 05/15/2029		600,000		605,599
5.80%, 05/15/2034		330,000		333,214
6.10%, 01/15/2029		150,000		154,505
6.15%, 01/15/2033		112,000		115,531
6.95%, 03/15/2034		405,000		443,795
PacifiCorp
2.90%, 06/15/2052		105,000		64,110
Packaging Corp. of America
5.70%, 12/01/2033		310,000		320,455
Paramount Global
4.85%, 07/01/2042		62,000		45,475
PECO Energy Co.
2.80%, 06/15/2050		292,000		191,106
Penske Truck Leasing Co. LP/PTL Finance Corp.
5.35%, 01/12/2027^(B)		315,000		315,346
Pernod Ricard International Finance LLC
1.63%, 04/01/2031^(B)		270,000		215,596
Philip Morris International, Inc.
3.88%, 08/21/2042		275,000		220,300
5.13%, 02/13/2031		390,000		388,024
5.25%, 02/13/2034		940,000		932,552
5.38%, 02/15/2033		345,000		347,897
5.75%, 11/17/2032		284,000		293,441
Phillips 66 Co.
3.15%, 12/15/2029		759,000		689,469
Phillips 66 Partners LP
Zero Coupon,		0		—
Piedmont Healthcare, Inc.
2.04%, 01/01/2032		600,000		486,294
Pine Street Trust I
4.57%, 02/15/2029^(B)		690,000		656,043
Pioneer Natural Resources Co.
2.15%, 01/15/2031		320,000		269,425
PNC Financial Services Group, Inc.
Fixed until 09/15/2026^(D), 3.40%^(A)		270,000		235,907
Fixed until 01/22/2034, 5.68%^(A), 01/22/2035		235,000		237,290
Fixed until 10/20/2033, 6.88%^(A), 10/20/2034		210,000		230,135
Prologis LP
2.13%, 10/15/2050		102,000		56,981
5.13%, 01/15/2034		230,000		231,030


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
Prudential Financial, Inc.
Fixed until 12/15/2033, 6.50%^(A), 03/15/2054		$ 315,000		$ 320,207
Public Service Co. of Colorado
2.70%, 01/15/2051		145,000		87,752
4.30%, 03/15/2044		205,000		171,344
4.50%, 06/01/2052		135,000		113,660
Public Service Electric & Gas Co.
2.70%, 05/01/2050		174,000		114,211
Public Service Enterprise Group, Inc.
5.45%, 04/01/2034		110,000		110,326
5.85%, 11/15/2027		612,000		627,138
Public Storage Operating Co.
5.10%, 08/01/2033		149,000		149,764
Puget Energy, Inc.
2.38%, 06/15/2028		150,000		133,845
Regal Rexnord Corp.
6.05%, 04/15/2028^(B)		355,000		360,211
6.40%, 04/15/2033^(B)		147,000		152,528
Regency Centers LP
2.95%, 09/15/2029		216,000		193,401
3.70%, 06/15/2030		270,000		248,921
Regeneron Pharmaceuticals, Inc.
1.75%, 09/15/2030		80,000		65,456
Roche Holdings, Inc.
4.99%, 03/08/2034^(B)		200,000		201,471
5.49%, 11/13/2030^(B)		550,000		570,442
RTX Corp.
2.38%, 03/15/2032		986,000		812,831
3.13%, 07/01/2050		120,000		82,081
6.40%, 03/15/2054		320,000		363,000
S&P Global, Inc.
2.30%, 08/15/2060		204,000		112,075
San Diego Gas & Electric Co.
2.95%, 08/15/2051		243,000		163,977
3.32%, 04/15/2050		87,000		61,476
4.30%, 04/01/2042		50,000		42,861
4.95%, 08/15/2028		280,000		281,137
5.35%, 04/01/2053		168,000		165,678
SART
4.75%, 07/15/2024^(G)		11,396		11,296
Sherwin-Williams Co.
2.95%, 08/15/2029		439,000		398,305
Smithfield Foods, Inc.
3.00%, 10/15/2030^(B)		793,000		656,876
Solventum Corp.
5.40%, 03/01/2029^(B)		1,200,000		1,202,481
Southern California Edison Co.
2.95%, 02/01/2051		220,000		142,982
3.60%, 02/01/2045		182,000		136,550
3.65%, 03/01/2028		205,000		195,400
5.20%, 06/01/2034		435,000		430,811
5.70%, 03/01/2053		93,000		93,376
5.88%, 12/01/2053		298,000		307,568
Southern Co. Gas Capital Corp.
1.75%, 01/15/2031		130,000		105,540
3.15%, 09/30/2051		313,000		203,691
5.15%, 09/15/2032		855,000		857,690
5.75%, 09/15/2033		149,000		154,389
Southern Power Co.
5.15%, 09/15/2041		365,000		340,938
5.25%, 07/15/2043		345,000		325,180
Southwestern Electric Power Co.
3.90%, 04/01/2045		95,000		72,989
Southwestern Energy Co.
5.38%, 02/01/2029		54,000		52,445


Transamerica Series Trust			Page 8

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
Sprint Capital Corp.
6.88%, 11/15/2028		$ 363,000		$ 386,356
Starbucks Corp.
5.00%, 02/15/2034		310,000		307,584
State Street Corp.
Fixed until 03/15/2029^(D), 6.70%^(A)		958,000		971,874
T-Mobile USA, Inc.
2.63%, 02/15/2029		1,282,000		1,146,687
3.38%, 04/15/2029		590,000		544,819
3.50%, 04/15/2031		261,000		235,576
3.88%, 04/15/2030		535,000		501,080
Take-Two Interactive Software, Inc.
4.95%, 03/28/2028		1,012,000		1,008,587
Teachers Insurance & Annuity Association of America
Fixed until 09/15/2024, 4.38%^(A), 09/15/2054^(B)		78,000		77,017
6.85%, 12/16/2039^(B)		676,000		769,052
Tennessee Gas Pipeline Co. LLC
2.90%, 03/01/2030^(B)		90,000		78,872
Texas Instruments, Inc.
5.00%, 03/14/2053		348,000		342,042
Time Warner Cable Enterprises LLC
8.38%, 07/15/2033		205,000		229,011
Time Warner Cable LLC
4.50%, 09/15/2042		87,000		64,264
5.88%, 11/15/2040		87,000		75,091
6.55%, 05/01/2037		62,000		58,691
Toll Brothers Finance Corp.
3.80%, 11/01/2029		223,000		208,037
4.35%, 02/15/2028		295,000		285,245
Truist Financial Corp.
Fixed until 01/26/2033, 5.12%^(A), 01/26/2034		732,000		704,812
Fixed until 01/24/2034, 5.71%^(A), 01/24/2035		75,000		75,377
Fixed until 10/28/2032, 6.12%^(A), 10/28/2033		65,000		67,182
Trustees of Boston University
3.17%, 10/01/2050		380,000		272,932
Tucson Electric Power Co.
1.50%, 08/01/2030		130,000		105,039
UDR, Inc.
4.40%, 01/26/2029		420,000		405,467
Union Electric Co.
3.90%, 04/01/2052		80,000		63,115
5.20%, 04/01/2034^(F)		410,000		410,979
5.25%, 01/15/2054		195,000		187,645
5.45%, 03/15/2053		65,000		64,470
Union Pacific Corp.
3.55%, 08/15/2039		433,000		361,614
United Airlines Pass-Through Trust
2.88%, 04/07/2030		453,981		411,395
3.75%, 03/03/2028		143,119		138,671
UnitedHealth Group, Inc.
2.75%, 05/15/2040		181,000		133,397
3.05%, 05/15/2041		117,000		88,671
3.25%, 05/15/2051		216,000		155,361
3.50%, 08/15/2039		593,000		489,153
University of Miami
4.06%, 04/01/2052		368,000		310,461
US Bancorp
Fixed until 01/23/2034, 5.68%^(A), 01/23/2035		195,000		197,134
Fixed until 06/10/2033, 5.84%^(A), 06/12/2034		320,000		326,428


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
Ventas Realty LP
4.75%, 11/15/2030		$ 363,000		$ 350,245
Veralto Corp.
5.35%, 09/18/2028^(B)		345,000		350,025
5.45%, 09/18/2033^(B)		385,000		389,639
Verizon Communications, Inc.
1.68%, 10/30/2030		462,000		376,620
1.75%, 01/20/2031		1,545,000		1,255,169
2.36%, 03/15/2032		716,000		588,468
4.02%, 12/03/2029		419,000		399,931
5.50%, 02/23/2054		90,000		91,184
Virginia Electric & Power Co.
2.45%, 12/15/2050		557,000		327,188
5.70%, 08/15/2053		163,000		167,968
Vistra Operations Co. LLC
4.30%, 07/15/2029^(B)		395,000		370,641
6.95%, 10/15/2033^(B)		370,000		394,856
VMware LLC
4.70%, 05/15/2030		732,000		712,483
Volkswagen Group of America Finance LLC
5.30%, 03/22/2027^(B)		722,000		723,633
5.60%, 03/22/2034^(B)		744,000		752,363
Walt Disney Co.
3.50%, 05/13/2040		226,000		186,038
Warnermedia Holdings, Inc.
4.05%, 03/15/2029		645,000		603,817
4.28%, 03/15/2032		226,000		201,888
5.05%, 03/15/2042		684,000		588,015
5.14%, 03/15/2052		210,000		174,395
Wells Fargo & Co.
Fixed until 06/02/2027, 2.39%^(A), 06/02/2028		443,000		405,660
Fixed until 03/24/2027, 3.53%^(A), 03/24/2028		634,000		603,677
Fixed until 05/22/2027, 3.58%^(A), 05/22/2028		148,000		140,759
Fixed until 03/15/2026^(D), 3.90%^(A)		242,000		230,245
Fixed until 07/25/2027, 4.81%^(A), 07/25/2028		418,000		412,151
Fixed until 04/24/2033, 5.39%^(A), 04/24/2034		546,000		542,437
Fixed until 01/23/2034, 5.50%^(A), 01/23/2035		410,000		411,492
Fixed until 07/25/2033, 5.56%^(A), 07/25/2034		706,000		709,401
Fixed until 07/25/2028, 5.57%^(A), 07/25/2029		534,000		540,479
Welltower OP LLC
3.10%, 01/15/2030		406,000		365,301
4.13%, 03/15/2029		224,000		214,221
Western Midstream Operating LP
5.25%, 02/01/2050		200,000		178,769
Westlake Corp.
3.13%, 08/15/2051		104,000		67,410
Williams Cos., Inc.
5.30%, 08/15/2028		736,000		742,739
Wisconsin Power & Light Co.
5.38%, 03/30/2034		205,000		206,507
WP Carey, Inc.
2.40%, 02/01/2031		443,000		367,912
2.45%, 02/01/2032		315,000		253,632
3.85%, 07/15/2029		335,000		312,857
Xilinx, Inc.
2.38%, 06/01/2030		317,000		274,947


Transamerica Series Trust			Page 9

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Principal		Value
CORPORATE DEBT SECURITIES (continued)
United States (continued)
Zoetis, Inc.
2.00%, 05/15/2030		$ 475,000		$ 400,481
4.70%, 02/01/2043		133,000		121,910

				170,307,369

Total Corporate Debt Securities (Cost $230,405,522)				221,573,746


FOREIGN GOVERNMENT OBLIGATIONS - 0.3%
Israel - 0.1%
Israel Government AID Bonds
Zero Coupon, 08/15/2025		1,000,000		930,658

Mexico - 0.2%
Mexico Government International Bonds
3.50%, 02/12/2034		417,000		347,033
3.77%, 05/24/2061		205,000		132,966
4.28%, 08/14/2041		200,000		161,057
4.50%, 01/31/2050^(E)		265,000		209,057
4.75%, 03/08/2044		260,000		216,978
6.00%, 05/07/2036		247,000		247,207
6.34%, 05/04/2053		350,000		345,521

				1,659,819

Panama - 0.0% ^(C)
Panama Government International Bonds
4.50%, 04/16/2050		200,000		137,208

Poland - 0.0% ^(C)
Republic of Poland Government International Bonds
5.50%, 03/18/2054		350,000		347,613

Saudi Arabia - 0.0% ^(C)
Saudi Government International Bonds
2.25%, 02/02/2033^(B)		200,000		161,000

Total Foreign Government Obligations (Cost $3,669,103)				3,236,298


MORTGAGE-BACKED SECURITIES - 0.2%
United States - 0.2%
Bear Stearns Commercial Mortgage
Securities Trust, Interest Only
STRIPS Series 2005-PWR8, Class X1,
0.72%^(A), 06/11/2041 ^{(B) (H)}		41		0
LB-UBS Commercial Mortgage Trust
Series 2006-C6, Class AJ,
5.45%^(A), 09/15/2039		269,797		102,750
MRCD Mortgage Trust
Series 2019-PARK, Class A,
2.72%, 12/15/2036^(B)		1,230,000		1,073,175
SREIT Trust
Series 2021-MFP, Class A,
1-Month Term SOFR + 0.85%, 6.17%^(A), 11/15/2038 ^(B)		842,039		835,959
Wachovia Bank Commercial Mortgage Trust, Interest Only STRIPS
Series 2006-C24, Class XC, 0.00%^(A), 03/15/2045^{(B) (H)}		28,464		0

Total Mortgage-Backed Securities (Cost $2,345,075)				2,011,884


	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS - 22.8%
COOF Securitization Trust Ltd., Interest Only STRIPS
Series 2014-1, Class A, 2.99%^(A), 06/25/2040^(B)		$ 45,927		$ 3,177
Federal Farm Credit Banks Funding Corp.
2.35%, 03/10/2036		2,660,000		2,064,131
Federal Home Loan Banks
2.09%, 02/22/2036		4,510,000		3,421,995
Federal Home Loan Mortgage Corp.
2.50%, 07/01/2050 - 11/01/2051		35,884,547		30,206,209
3.00%, 07/01/2033 - 08/01/2052		5,948,867		5,206,507
3.50%, 01/01/2032 - 04/01/2052		10,476,070		9,603,472
4.00%, 06/01/2042 - 01/01/2049		4,373,232		4,138,692
4.50%, 06/01/2048 - 09/01/2049		1,606,071		1,559,845
5.00%, 02/01/2034 - 01/01/2053		5,819,612		5,688,319
5.50%, 04/01/2053		2,808,537		2,839,278
1-Year CMT + 2.43%, 5.81%^(A), 12/01/2031		8,590		8,595
6.00%, 08/01/2053 - 10/01/2053		9,371,337		9,604,246
1-Year RFUCC Treasury + 1.84%, 6.01%^(A), 07/01/2040		15,579		16,018
1-Year CMT + 2.25%, 6.34%^(A), 02/01/2036		8,343		8,468
6.50%, 09/01/2037 - 11/01/2037		3,052		3,080
Federal Home Loan Mortgage Corp. REMICS
(4.44) * 1-Month SOFR Average + 23.93%, 0.30%^(A), 06/15/2035		29,950		26,680
5.00%, 06/15/2025		2,717		2,701
(3.62) * 1-Month SOFR Average + 26.80%, 5.50%^(A), 05/15/2041		14,031		13,245
(3.67) * 1-Month SOFR Average + 27.08%, 5.50%^(A), 05/15/2041		25,210		25,099
5.65%^(A), 10/15/2038		8,856		9,063
Federal Home Loan Mortgage Corp.
REMICS, Interest Only STRIPS
(1.00) * 1-Month SOFR Average + 6.26%, 0.94%^(A), 10/15/2037		120,915		11,310
Federal Home Loan Mortgage Corp.
REMICS, Principal Only STRIPS
09/15/2032 - 01/15/2040		81,840		67,223
Federal National Mortgage Association
1.59%, 11/25/2028		277,151		246,434
2.00%, 04/01/2052		1,164,181		929,373
2.50%, 08/01/2050 - 05/01/2052		18,439,726		15,512,944
3.00%, 07/01/2050 - 07/01/2060		41,050,560		35,621,510
3.50%, 08/01/2032 - 10/01/2050		5,638,706		5,137,338
4.00%, 01/01/2035 - 05/01/2051		9,926,009		9,406,117
4.50%, 09/01/2040 - 09/01/2049		1,820,937		1,773,473
5.00%, 06/01/2033 - 07/01/2052		4,389,602		4,295,674
5.50%, 07/01/2025 - 01/01/2059		5,874,341		5,912,173
6.00%, 07/01/2027 - 01/01/2053		6,079,879		6,150,308
6.50%, 10/01/2053		3,051,974		3,119,287
7.00%, 11/01/2037		9,154		9,246
Federal National Mortgage Association REMICS
2.50%, 09/25/2048		4,397,817		3,835,149
5.00%, 10/25/2025		2,958		2,931
5.00%, 01/25/2046		1,400,000		1,378,180
Federal National Mortgage Association REMICS, Interest Only STRIPS
(1.00) * 1-Month SOFR Average + 6.42%, 1.10%^(A), 01/25/2041		113,277		14,027


Transamerica Series Trust			Page 10

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Federal National Mortgage Association REMICS, Interest Only STRIPS (continued)
(1.00) * 1-Month SOFR Average + 6.49%, 1.17%^(A), 08/25/2035 - 06/25/2036		$ 104,211		$ 8,961
(1.00) * 1-Month SOFR Average + 6.59%, 1.27%^(A), 03/25/2036		111,763		9,757
Federal National Mortgage Association REMICS, Principal Only STRIPS
12/25/2034 - 12/25/2043		427,602		322,103
Federal National Mortgage Association, Interest Only STRIPS
1.92%^(A), 11/25/2033		2,949,603		233,856
1.95%^(A), 07/25/2030		2,438,752		171,144
1.98%^(A), 11/25/2028		1,788,518		105,615
Federal National Mortgage Association, Principal Only STRIPS
09/25/2024 - 08/25/2032		7,132		6,324
FREMF Mortgage Trust
3.54%^(A), 04/25/2028^(B)		1,441,000		1,311,478
3.58%^(A), 11/25/2049^(B)		491,000		468,761
3.72%^(A), 01/25/2048^(B)		1,000,000		977,605
3.83%^(A), 11/25/2047^(B)		1,000,000		982,006
3.95%^(A), 06/25/2049^(B)		1,608,000		1,555,243
4.05%^(A), 11/25/2047^(B)		455,000		448,775
Government National Mortgage Association
2.50%, 06/20/2050 - 09/20/2051		6,667,380		5,693,233
3.00%, 08/20/2051 - 01/20/2052		20,590,409		18,177,090
3.50%, 11/20/2049 - 03/20/2051		1,406,671		1,289,997
4.25%, 12/20/2044		397,833		385,865
4.50%, 05/20/2048 - 08/20/2052		11,046,880		10,628,825
5.00%, 08/20/2052 - 09/20/2052		3,460,748		3,406,422
5.50%, 11/20/2052 - 01/20/2053		10,040,878		10,041,178
6.00%, 11/20/2052 - 07/20/2053		4,196,616		4,237,924
Government National Mortgage Association REMICS
1.65%, 01/20/2063 - 04/20/2063		6,197		5,725
4.00%^(A), 11/16/2042		66,535		62,699
(3.50) * 1-Month Term SOFR + 22.87%, 4.22%^(A), 04/20/2037		15,537		16,602
5.00%, 04/20/2041		285,753		267,149
5.14%^(A), 07/20/2060		361		359
1-Month Term SOFR + 0.56%, 5.50%^(A), 03/20/2060 - 05/20/2062		3,472		3,419
1-Month Term SOFR + 0.66%, 5.99%^(A), 04/20/2062 - 07/20/2062		896		889
1-Month Term SOFR + 0.76%, 6.09%^(A), 05/20/2061		1,006		999
1-Month Term SOFR + 1.11%, 6.44%^(A), 12/20/2066		211,211		211,232
Government National Mortgage Association REMICS, Interest Only STRIPS
0.44%^(A), 06/20/2067		1,418,522		47,798
(1.00) * 1-Month Term SOFR + 6.49%, 1.16%^(A), 05/20/2041		34,488		1,804
7.50%, 04/20/2031		421		26
Government National Mortgage
Association REMICS, Principal Only STRIPS
Zero Coupon, 01/20/2038		5,024		4,491
KGS-Alpha SBA COOF Trust, Interest Only STRIPS
0.83%^(A), 08/25/2038^(B)		161,470		2,605
1.67%^(A), 03/25/2039^(B)		155,145		4,517
2.97%^(A), 04/25/2040^(B)		54,761		2,548


	Principal		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Resolution Funding Corp., Principal Only STRIPS
Zero Coupon, 04/15/2030		$ 400,000		$ 303,018
Tennessee Valley Authority
4.25%, 09/15/2065^(E)		264,000		231,756
4.63%, 09/15/2060		155,000		147,120
5.88%, 04/01/2036		874,000		974,432
Tennessee Valley Authority, Interest Only STRIPS
Zero Coupon, 07/15/2028		1,000,000		826,489

Total U.S. Government Agency Obligations (Cost $243,198,590)				231,449,356


U.S. GOVERNMENT OBLIGATIONS - 14.7%
U.S. Treasury - 14.7%
U.S. Treasury Bonds
1.13%, 05/15/2040		300		188
1.75%, 08/15/2041		1,255,000		848,400
1.88%, 02/15/2051 - 11/15/2051		2,866,200		1,729,412
2.00%, 08/15/2051		28,000		17,384
2.25%, 02/15/2052		1,688,600		1,112,959
2.38%, 05/15/2051		2,268,500		1,543,112
2.88%, 05/15/2043 - 05/15/2052		2,165,000		1,687,906
3.00%, 08/15/2052		776,500		604,305
3.13%, 02/15/2043		2,500,000		2,074,316
3.63%, 05/15/2053		45,100		39,699
3.75%, 08/15/2041		2,100,000		1,936,020
3.88%, 08/15/2040 - 05/15/2043		2,935,000		2,738,622
4.00%, 11/15/2052		862,300		812,212
4.25%, 02/15/2054		11,469,000		11,300,549
4.38%, 05/15/2040		250,000		251,699
4.63%, 02/15/2040		270,000		280,157
U.S. Treasury Bonds, Principal Only STRIPS
02/15/2025 - 02/15/2035		3,858,000		3,537,851
11/15/2040^(E)		2,494,000		1,164,672
U.S. Treasury Notes
0.38%, 01/31/2026		130,000		120,209
0.75%, 04/30/2026		330,000		304,953
1.13%, 10/31/2026^(I)		40,950,000		37,622,812
1.25%, 04/30/2028 - 06/30/2028		3,835,000		3,389,671
1.38%, 10/31/2028		34,110,000		30,064,767
1.50%, 11/30/2028		3,760,000		3,327,600
1.63%, 02/15/2026 - 08/15/2029		949,400		882,040
1.75%, 12/31/2026		130,000		121,032
2.00%, 11/15/2026		245,000		230,080
2.25%, 11/15/2025 - 02/15/2027		237,000		224,179
2.50%, 02/28/2026 - 03/31/2027		2,441,000		2,314,034
2.63%, 05/31/2027		26,587,000		25,204,684
2.88%, 05/15/2028		355,000		336,113
4.00%, 02/15/2034		253,700		249,736
4.13%, 01/31/2025^(I)		11,008,700		10,919,111
4.13%, 09/30/2027		2,480,000		2,461,787

				149,452,271

U.S. Treasury Inflation-Protected Securities - 0.0% ^(C)
U.S. Treasury Inflation-Protected Indexed Bonds
2.50%, 01/15/2029		71,775		73,798

Total U.S. Government Obligations (Cost $163,321,623)				149,526,069


Transamerica Series Trust			Page 11

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Shares		Value
COMMON STOCKS - 31.8%
Australia - 0.2%
BHP Group Ltd.		48,888		$ 1,410,348
Goodman Group, REIT		23,955		527,783
Rio Tinto Ltd.		4,509		357,766

				2,295,897

Austria - 0.1%
Erste Group Bank AG		10,970		488,785

Belgium - 0.1%
KBC Group NV		11,954		895,280

Bermuda - 0.0% ^(C)
Arch Capital Group Ltd. ^(J)		2,461		227,495

Canada - 0.1%
Fairfax Financial Holdings Ltd.		175		188,832
Lululemon Athletica, Inc. ^(J)		760		296,894

				485,726

Denmark - 0.5%
Carlsberg AS, Class B		6,721		920,408
Novo Nordisk AS, Class B		34,744		4,456,729

				5,377,137

Finland - 0.0% ^(C)
Nordea Bank Abp ^(E)		11,986		133,476

France - 2.1%
Air Liquide SA		5,663		1,178,161
Airbus SE		4,722		869,704
Capgemini SE		2,759		634,897
Cie Generale des Etablissements Michelin SCA		18,696		716,445
Dassault Systemes SE		30,845		1,365,693
Engie SA		39,737		664,918
L’Oreal SA		1,725		816,335
Legrand SA		21,959		2,326,877
LVMH Moet Hennessy Louis Vuitton SE		5,736		5,159,172
Pernod Ricard SA		3,854		623,475
Safran SA		8,476		1,920,767
Sanofi SA		6,822		669,458
Societe Generale SA		17,592		470,872
TotalEnergies SE		15,323		1,049,236
Vinci SA		25,518		3,269,474

				21,735,484

Germany - 0.7%
Allianz SE		4,295		1,287,231
Deutsche Boerse AG		4,681		957,751
Deutsche Post AG		10,869		468,044
Infineon Technologies AG		18,650		634,099
Muenchener Rueckversicherungs-Gesellschaft AG		6,092		2,972,675
SAP SE		2,562		498,794

				6,818,594

Hong Kong - 0.2%
AIA Group Ltd.		163,600		1,098,415
Hong Kong Exchanges & Clearing Ltd.		22,100		643,215
Techtronic Industries Co. Ltd.		37,000		501,565

				2,243,195


	Shares		Value
COMMON STOCKS (continued)
India - 0.1%
HDFC Bank Ltd., ADR		9,017		$ 504,682

Ireland - 0.1%
Medtronic PLC		3,261		284,196
Trane Technologies PLC		3,067		920,714

				1,204,910

Italy - 0.1%
UniCredit SpA		35,181		1,335,068

Japan - 1.8%
Ajinomoto Co., Inc.		8,900		331,119
Bridgestone Corp.		15,700		693,940
Daikin Industries Ltd.		5,100		694,352
Hitachi Ltd.		13,500		1,226,665
Hoya Corp.		8,300		1,032,703
Japan Exchange Group, Inc.		16,500		445,254
Keyence Corp.		2,600		1,203,818
Mitsubishi UFJ Financial Group, Inc.		71,500		725,013
Mitsui Fudosan Co. Ltd.		81,300		871,915
Nippon Telegraph & Telephone Corp.		925,000		1,099,881
Recruit Holdings Co. Ltd.		17,600		770,712
Shimano, Inc.		4,500		671,968
Shin-Etsu Chemical Co. Ltd.		70,000		3,054,697
SMC Corp.		971		544,832
Sony Group Corp.		12,900		1,101,843
Terumo Corp.		53,200		969,781
Tokio Marine Holdings, Inc.		60,400		1,885,256
Tokyo Electron Ltd.		3,300		855,846

				18,179,595

Macau - 0.0% ^(C)
Sands China Ltd. ^(J)		122,800		345,953

Mexico - 0.1%
Wal-Mart de Mexico SAB de CV		111,505		450,246

Netherlands - 0.6%
ASML Holding NV		4,050		3,898,327
Koninklijke KPN NV		232,300		868,638
NXP Semiconductors NV		1,674		414,767
Stellantis NV		28,063		797,615

				5,979,347

Republic of Korea - 0.3%
Samsung Electronics Co. Ltd., GDR ^(K)		605		899,635
Samsung Electronics Co. Ltd.		20,940		1,256,789
SK Hynix, Inc.		6,858		907,777

				3,064,201

Singapore - 0.2%
DBS Group Holdings Ltd.		76,800		2,049,327

Spain - 0.1%
Industria de Diseno Textil SA		23,907		1,203,716

Sweden - 0.3%
Atlas Copco AB, A Shares		47,625		804,428
Sandvik AB		28,055		623,008
Svenska Handelsbanken AB, A Shares ^(E)		54,511		551,272
Volvo AB, B Shares ^(E)		43,755		1,185,849

				3,164,557

Switzerland - 0.8%
Chubb Ltd.		1,677		434,561


Transamerica Series Trust			Page 12

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Shares		Value
COMMON STOCKS (continued)
Switzerland (continued)
Cie Financiere Richemont SA, Class A		5,929		$ 903,961
Garmin Ltd.		2,357		350,887
Nestle SA		41,035		4,356,713
UBS Group AG		41,383		1,272,899
Zurich Insurance Group AG		861		464,273

				7,783,294

Taiwan - 0.4%
Taiwan Semiconductor Manufacturing Co. Ltd.		32,000		768,916
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		23,230		3,160,441

				3,929,357

United Kingdom - 1.8%
3i Group PLC		37,875		1,342,812
AstraZeneca PLC		19,440		2,619,975
BP PLC		188,105		1,176,875
Diageo PLC		43,012		1,588,183
Ferguson PLC		2,845		622,109
InterContinental Hotels Group PLC		9,296		967,029
Lloyds Banking Group PLC		1,542,514		1,007,707
London Stock Exchange Group PLC		7,723		925,046
Next PLC		5,993		698,314
RELX PLC		22,488		971,842
RELX PLC		27,279		1,181,612
Rio Tinto PLC		5,612		355,363
Shell PLC		99,514		3,297,041
SSE PLC		60,910		1,268,480
TechnipFMC PLC		26,672		669,734

				18,692,122

United States - 21.1%
AbbVie, Inc.		15,615		2,843,491
Advanced Micro Devices, Inc. ^(J)		8,620		1,555,824
Air Lease Corp.		4,408		226,748
Albertsons Cos., Inc., Class A		15,151		324,837
Align Technology, Inc. ^(J)		688		225,609
Alnylam Pharmaceuticals, Inc. ^(J)		1,323		197,722
Alphabet, Inc., Class C ^(J)		16,157		2,460,065
Amazon.com, Inc. ^(J)		62,578		11,287,820
American Express Co.		2,603		592,677
American Homes 4 Rent, Class A, REIT		11,703		430,436
AMETEK, Inc.		3,302		603,936
Analog Devices, Inc.		11,637		2,301,682
Apple Hospitality, Inc., REIT		14,825		242,833
Apple, Inc.		50,714		8,696,437
Arista Networks, Inc. ^(J)		1,411		409,162
AutoZone, Inc. ^(J)		474		1,493,882
Axalta Coating Systems Ltd. ^(J)		11,271		387,610
Bank of America Corp.		81,794		3,101,628
Bath & Body Works, Inc.		8,208		410,564
Berkshire Hathaway, Inc., Class B ^(J)		4,980		2,094,190
Best Buy Co., Inc.		3,302		270,863
Blackstone, Inc.		5,935		779,681
Booking Holdings, Inc.		269		975,900
Booz Allen Hamilton Holding Corp.		3,195		474,266
Boston Scientific Corp. ^(J)		8,034		550,249
Bristol-Myers Squibb Co.		14,349		778,146
Brixmor Property Group, Inc., REIT		18,026		422,710
Broadcom, Inc.		1,240		1,643,508
Cadence Design Systems, Inc. ^(J)		1,217		378,828
Capital One Financial Corp.		10,371		1,544,138
Carlisle Cos., Inc.		1,399		548,198
Carter’s, Inc.		4,148		351,253
CBRE Group, Inc., Class A ^(J)		3,090		300,472


	Shares		Value
COMMON STOCKS (continued)
United States (continued)
CDW Corp.		992		$ 253,734
Cencora, Inc.		3,372		819,362
Charles Schwab Corp.		14,284		1,033,305
Chevron Corp.		15,953		2,516,426
Cigna Group		1,178		427,838
Cisco Systems, Inc.		4,967		247,903
Citizens Financial Group, Inc.		11,982		434,827
CME Group, Inc.		17,879		3,849,170
CNA Financial Corp.		6,359		288,826
Coca-Cola Co.		34,550		2,113,769
Columbia Sportswear Co.		1,908		154,891
Confluent, Inc., Class A ^(J)		10,915		333,126
ConocoPhillips		14,898		1,896,217
Constellation Brands, Inc., Class A		1,152		313,068
Cooper Cos., Inc.		3,852		390,824
Copart, Inc. ^(J)		11,417		661,273
Corpay, Inc. ^(J)		761		234,799
Coterra Energy, Inc.		9,937		277,044
Crowdstrike Holdings, Inc., Class A ^(J)		1,694		543,079
CVS Health Corp.		4,968		396,248
Deere & Co.		5,734		2,355,183
Dick’s Sporting Goods, Inc.		2,017		453,543
Digital Realty Trust, Inc., REIT		3,000		432,120
Dominion Energy, Inc.		10,633		523,037
DoorDash, Inc., Class A ^(J)		3,763		518,240
Dover Corp.		3,342		592,169
Dow, Inc.		13,940		807,544
EastGroup Properties, Inc., REIT		663		119,188
Eaton Corp. PLC		1,009		315,494
Edison International		4,564		322,812
elf Beauty, Inc. ^(J)		1,554		304,631
Eli Lilly & Co.		2,027		1,576,925
Energizer Holdings, Inc.		8,004		235,638
Entegris, Inc.		4,219		592,938
Entergy Corp.		1,697		179,339
EOG Resources, Inc.		16,878		2,157,684
Exact Sciences Corp. ^(J)		5,865		405,037
Expedia Group, Inc. ^(J)		2,492		343,273
Exxon Mobil Corp.		21,624		2,513,574
Federal Realty Investment Trust, REIT		3,800		388,056
FedEx Corp.		2,217		642,354
Fidelity National Information Services, Inc.		7,352		545,371
Fifth Third Bancorp		4,224		157,175
First Citizens BancShares, Inc., Class A		361		590,235
Fiserv, Inc. ^(J)		3,869		618,344
Fortune Brands Innovations, Inc.		5,999		507,935
General Dynamics Corp.		1,953		551,703
Graphic Packaging Holding Co.		13,402		391,070
HCA Healthcare, Inc.		2,205		735,434
Henry Schein, Inc. ^(J)		6,367		480,836
Hilton Worldwide Holdings, Inc.		11,067		2,360,702
Home Depot, Inc.		829		318,004
Honeywell International, Inc.		10,634		2,182,628
Hubbell, Inc.		1,035		429,577
HubSpot, Inc. ^(J)		779		488,090
IAC, Inc. ^(J)		7,770		414,452
Ingersoll Rand, Inc.		6,463		613,662
Interactive Brokers Group, Inc., Class A		3,834		428,296
International Business Machines Corp.		1,911		364,925
Intuit, Inc.		1,595		1,036,750
Intuitive Surgical, Inc. ^(J)		1,844		735,922
ITT, Inc.		3,510		477,465
Jabil, Inc.		1,956		262,006
JB Hunt Transport Services, Inc.		2,161		430,579
Johnson & Johnson		13,812		2,184,920
Kenvue, Inc.		15,742		337,823
Keurig Dr. Pepper, Inc.		21,153		648,762


Transamerica Series Trust			Page 13

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Shares		Value
COMMON STOCKS (continued)
United States (continued)
Kimco Realty Corp., REIT		23,113		$ 453,246
Kinder Morgan, Inc.		34,708		636,545
KKR & Co., Inc.		3,116		313,407
Kraft Heinz Co.		13,352		492,689
Laboratory Corp. of America Holdings		2,060		450,028
Lam Research Corp.		892		866,640
Lamar Advertising Co., Class A, REIT		3,876		462,833
Liberty Broadband Corp., Class C ^(J)		3,490		199,733
Liberty Media Corp. - Liberty Live, Class C ^(J)		4,734		207,444
Liberty Media Corp. - Liberty SiriusXM, Class C ^(J)		16,636		494,256
Loews Corp.		14,527		1,137,319
Lowe’s Cos., Inc.		4,425		1,127,180
M&T Bank Corp.		8,312		1,208,897
Martin Marietta Materials, Inc.		1,187		728,747
Mastercard, Inc., Class A		13,380		6,443,407
McDonald’s Corp.		8,026		2,262,931
McKesson Corp.		660		354,321
Merck & Co., Inc.		3,669		484,125
Meta Platforms, Inc., Class A		15,146		7,354,595
Mettler-Toledo International, Inc. ^(J)		122		162,417
MGIC Investment Corp.		19,944		445,948
Microsoft Corp.		37,792		15,899,850
Mid-America Apartment Communities, Inc., REIT		4,978		655,005
Middleby Corp. ^(J)		1,388		223,177
Mohawk Industries, Inc. ^(J)		4,455		583,115
Mondelez International, Inc., Class A		11,017		771,190
MongoDB, Inc. ^(J)		741		265,752
Moody’s Corp.		1,527		600,157
Morgan Stanley		12,292		1,157,415
Murphy USA, Inc.		746		312,723
Natera, Inc. ^(J)		4,955		453,184
Netflix, Inc. ^(J)		1,341		814,430
Newell Brands, Inc.		23,080		185,332
Nexstar Media Group, Inc.		1,871		322,355
NextEra Energy, Inc.		26,257		1,678,085
Northern Trust Corp.		5,481		487,371
Northrop Grumman Corp.		587		280,973
NVIDIA Corp.		12,180		11,005,361
O’Reilly Automotive, Inc. ^(J)		702		792,474
Oracle Corp.		3,747		470,661
Packaging Corp. of America		3,349		635,573
Palo Alto Networks, Inc. ^(J)		2,409		684,469
PG&E Corp.		26,820		449,503
Philip Morris International, Inc.		5,102		467,445
Phillips 66		4,755		776,682
PNC Financial Services Group, Inc.		4,084		659,974
Pool Corp.		531		214,258
Post Holdings, Inc. ^(J)		4,753		505,149
Procter & Gamble Co.		4,218		684,370
Progressive Corp.		13,998		2,895,066
Prologis, Inc., REIT		18,935		2,465,716
Public Service Enterprise Group, Inc.		21,161		1,413,132
Public Storage, REIT		2,498		724,570
Quanta Services, Inc.		2,718		706,136
Quest Diagnostics, Inc.		1,212		161,329
Ralph Lauren Corp.		1,165		218,740
Rayonier, Inc., REIT		8,116		269,776
Regency Centers Corp., REIT		6,905		418,167
Regeneron Pharmaceuticals, Inc. ^(J)		3,858		3,713,286
Regions Financial Corp.		26,734		562,483
Ross Stores, Inc.		7,932		1,164,100
Royalty Pharma PLC, Class A		8,148		247,455
RTX Corp.		6,183		603,028
Saia, Inc. ^(J)		552		322,920


	Shares		Value
COMMON STOCKS (continued)
United States (continued)
Salesforce, Inc.		6,246		$ 1,881,170
Silgan Holdings, Inc.		4,514		219,200
Snowflake, Inc., Class A ^(J)		2,165		349,864
Southern Co.		18,093		1,297,992
State Street Corp.		7,512		580,828
Stryker Corp.		2,354		842,426
Synopsys, Inc. ^(J)		800		457,200
T-Mobile US, Inc.		1,718		280,412
Take-Two Interactive Software, Inc. ^(J)		3,505		520,457
TD SYNNEX Corp.		3,853		435,774
Tesla, Inc. ^(J)		3,507		616,496
Texas Instruments, Inc.		3,564		620,884
Texas Roadhouse, Inc.		1,652		255,184
Thermo Fisher Scientific, Inc.		1,027		596,903
Timken Co.		3,310		289,393
TJX Cos., Inc.		15,120		1,533,470
Trade Desk, Inc., Class A ^(J)		5,751		502,752
Travelers Cos., Inc.		4,106		944,955
Uber Technologies, Inc. ^(J)		38,045		2,929,085
Union Pacific Corp.		2,224		546,948
United Parcel Service, Inc., Class B		1,412		209,866
UnitedHealth Group, Inc.		10,979		5,431,311
Verizon Communications, Inc.		8,249		346,128
Vertex Pharmaceuticals, Inc. ^(J)		527		220,291
Vulcan Materials Co.		551		150,379
W.R. Berkley Corp.		3,787		334,922
Wells Fargo & Co.		43,190		2,503,292
Welltower, Inc., REIT		1,354		126,518
Westrock Co.		6,841		338,287
Weyerhaeuser Co., REIT		21,708		779,534
Williams Cos., Inc.		17,548		683,846
Workday, Inc., Class A ^(J)		1,741		474,858
Xcel Energy, Inc.		5,054		271,652
Yum! Brands, Inc.		14,569		2,019,992
Zimmer Biomet Holdings, Inc.		2,881		380,234

				214,343,687

Total Common Stocks (Cost $267,524,911)				322,931,131


INVESTMENT COMPANY - 4.5%
United States - 4.5%
JPMorgan High Yield Fund		7,154,145		46,001,155

Total Investment Company (Cost $45,982,329)				46,001,155


	Principal		Value
SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 0.2%
U.S. Treasury Bills
5.28%^(L), 06/13/2024^(I)		$ 247,667		245,048
5.34%^(L), 06/13/2024		247,667		245,047
5.40%^(L), 06/13/2024		247,667		245,047
5.49%^(L), 07/11/2024^(I)		903,000		889,966

Total Short-Term U.S. Government Obligations (Cost $1,625,119)				1,625,108


Transamerica Series Trust			Page 14

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)


	Shares		Value
OTHER INVESTMENT COMPANY - 0.5%
Securities Lending Collateral - 0.5%
State Street Navigator Securities Lending Trust - Government Money Market Portfolio, 5.29% ^(L)		4,417,335		$ 4,417,335

Total Other Investment Company (Cost $4,417,335)				4,417,335


	Principal		Value
REPURCHASE AGREEMENT - 2.8%
Fixed Income Clearing Corp., 2.50%^(L), dated 03/28/2024, to be repurchased at $28,143,075 on 04/01/2024. Collateralized by a U.S. Government Obligation, 4.25%, due 12/31/2025, and with a value of $28,698,068.		$ 28,135,260		28,135,260

Total Repurchase Agreement (Cost $28,135,260)				28,135,260

Total Investments (Cost $995,243,003)				1,015,323,448
Net Other Assets (Liabilities) - (0.0)% ^(C)				(414,829	)

Net Assets - 100.0%				$ 1,014,908,619


Transamerica Series Trust			Page 15

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

FUTURES CONTRACTS:

Long Futures Contracts


Description	Number of Contracts		Expiration Date		Notional Amount			Value			Unrealized Appreciation			Unrealized Depreciation
2-Year U.S. Treasury Notes		99		06/28/2024		$	20,263,378		$	20,243,953		$	—		$	(19,425	)
10-Year U.S. Treasury Notes		1,266		06/18/2024			139,501,514			140,268,844			767,330			—
30-Year U.S. Treasury Bonds		128		06/18/2024			15,192,812			15,416,000			223,188			—
AUD Currency		154		06/17/2024			10,192,053			10,060,820			—			(131,233	)
E-Mini Russell 1000^® Index		55		06/21/2024			9,365,792			9,449,000			83,208			—
JPY Currency		237		06/17/2024			20,348,522			19,805,794			—			(542,728	)
MSCI Emerging Markets Index		197		06/21/2024			10,342,106			10,332,650			—			(9,456	)
TOPIX Index		167		06/13/2024			30,209,739			30,558,198			348,459			—
U.S. Treasury Ultra Bonds		54		06/18/2024			6,817,425			6,966,000			148,575			—

Total												$	1,570,760		$	(702,842	)

Short Futures Contracts


Description	Number of Contracts			Expiration Date		Notional Amount				Value				Unrealized Appreciation			Unrealized Depreciation
5-Year U.S. Treasury Notes		(310	)		06/28/2024		$	(33,082,871	)		$	(33,174,844	)		$	—		$	(91,973	)
10-Year U.S. Treasury Ultra Notes		(112	)		06/18/2024			(12,791,595	)			(12,836,250	)			—			(44,655	)
CAD Currency		(206	)		06/18/2024			(15,289,958	)			(15,231,640	)			58,318			—
CHF Currency		(107	)		06/17/2024			(15,380,512	)			(14,955,925	)			424,587			—
EUR Currency		(37	)		06/17/2024			(5,038,174	)			(5,004,944	)			33,230			—
MSCI EAFE Index		(277	)		06/21/2024			(32,754,676	)			(32,645,835	)			108,841			—
S&P 500^® E-Mini Index		(141	)		06/21/2024			(36,837,390	)			(37,424,925	)			—			(587,535	)
S&P/ASX 200 Index		(87	)		06/20/2024			(10,971,521	)			(11,269,261	)			—			(297,740	)

Total															$	624,976		$	(1,021,903	)

Total Futures Contracts															$	2,195,736		$	(1,724,745	)

INVESTMENTS BY INDUSTRY:


Industry	Percentage of Total Investments			Value
U.S. Government Agency Obligations		22.8	%		$	231,449,356
U.S. Government Obligations		14.7				149,526,069
Banks		8.1				82,033,823
U.S. Fixed Income Funds		4.5				46,001,155
Oil, Gas & Consumable Fuels		3.5				35,532,070
Semiconductors & Semiconductor Equipment		3.4				34,345,201
Electric Utilities		2.9				29,789,326
Software		2.8				28,635,673
Pharmaceuticals		2.0				20,477,549
Health Care Providers & Services		1.9				18,911,253
Insurance		1.8				18,434,452
Financial Services		1.6				16,023,557
Capital Markets		1.5				14,816,607
Hotels, Restaurants & Leisure		1.4				14,024,829
Broadline Retail		1.2				11,986,134
Biotechnology		1.2				11,771,344
Technology Hardware, Storage & Peripherals		1.1				11,262,765
Interactive Media & Services		1.0				10,584,704
Machinery		0.9				9,174,252
Specialty Retail		0.9				9,080,519
Beverages		0.9				8,924,186
Food Products		0.9				8,825,422
Aerospace & Defense		0.8				8,416,897
Health Care Equipment & Supplies		0.8				8,194,119
Chemicals		0.8				7,761,673
Diversified Telecommunication Services		0.7				7,121,440
Textiles, Apparel & Luxury Goods		0.7				7,084,911
Ground Transportation		0.7				6,761,233


Transamerica Series Trust			Page 16

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

INVESTMENTS BY INDUSTRY (continued):


Industry	Percentage of Total Investments			Value
Tobacco		0.6	%		$	6,468,797
Metals & Mining		0.6				6,293,711
Media		0.6				6,232,813
Specialized REITs		0.6				5,848,871
Automobiles		0.5				5,544,704
Construction & Engineering		0.5				4,878,353
Professional Services		0.4				4,541,070
Asset-Backed Securities		0.4				4,416,106
Electrical Equipment		0.4				3,675,884
Electronic Equipment, Instruments & Components		0.4				3,551,773
Building Products		0.3				3,460,412
Industrial Conglomerates		0.3				3,409,293
Industrial REITs		0.3				3,400,698
Containers & Packaging		0.3				3,304,452
Foreign Government Obligations		0.3				3,236,298
Wireless Telecommunication Services		0.3				3,034,126
Retail REITs		0.3				2,870,185
IT Services		0.3				2,852,619
Multi-Utilities		0.3				2,601,087
Household Durables		0.2				2,221,177
Consumer Finance		0.2				2,136,815
Mortgage-Backed Securities		0.2				2,011,884
Entertainment		0.2				2,010,127
Residential REITs		0.2				2,005,316
Consumer Staples Distribution & Retail		0.2				1,986,929
Passenger Airlines		0.2				1,980,337
Gas Utilities		0.2				1,777,832
Commercial Services & Supplies		0.2				1,594,959
Personal Care Products		0.1				1,500,407
Automobile Components		0.1				1,410,385
Air Freight & Logistics		0.1				1,320,264
Diversified Consumer Services		0.1				1,307,937
Real Estate Management & Development		0.1				1,172,387
Health Care REITs		0.1				1,056,285
Diversified REITs		0.1				934,401
Internet & Catalog Retail		0.1				923,103
Household Products		0.1				920,008
Construction Materials		0.1				879,126
Trading Companies & Distributors		0.1				848,857
Life Sciences Tools & Services		0.1				759,320
Leisure Products		0.1				671,968
Energy Equipment & Services		0.1				669,734
Communications Equipment		0.1				657,065
Transportation Infrastructure		0.1				601,825
Office REITs		0.0	^(C)			426,049
Water Utilities		0.0	^(C)			332,386
Hotel & Resort REITs		0.0	^(C)			242,833
Distributors		0.0	^(C)			214,258

Investments		96.6				981,145,745
Short-Term Investments		3.4				34,177,703

Total Investments		100.0	%		$	1,015,323,448


Transamerica Series Trust			Page 17

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

INVESTMENT VALUATION:

Valuation Inputs ^(M)


	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Value
ASSETS
Investments
Asset-Backed Securities	$	—		$	4,416,106	$	—	$	4,416,106
Corporate Debt Securities		—			221,573,746		—		221,573,746
Foreign Government Obligations		—			3,236,298		—		3,236,298
Mortgage-Backed Securities		—			2,011,884		—		2,011,884
U.S. Government Agency Obligations		—			231,449,356		—		231,449,356
U.S. Government Obligations		—			149,526,069		—		149,526,069
Common Stocks		223,146,771			99,784,360		—		322,931,131
Investment Company		46,001,155			—		—		46,001,155
Short-Term U.S. Government Obligations		—			1,625,108		—		1,625,108
Other Investment Company		4,417,335			—		—		4,417,335
Repurchase Agreement		—			28,135,260		—		28,135,260

Total Investments	$	273,565,261		$	741,758,187	$	—	$	1,015,323,448

Other Financial Instruments
Futures Contracts ^(N)	$	2,195,736		$	—	$	—	$	2,195,736

Total Other Financial Instruments	$	2,195,736		$	—	$	—	$	2,195,736

LIABILITIES
Other Financial Instruments
Futures Contracts ^(N)	$	(1,724,745	)	$	—	$	—	$	(1,724,745	)

Total Other Financial Instruments	$	(1,724,745	)	$	—	$	—	$	(1,724,745	)

FOOTNOTES TO SCHEDULE OF INVESTMENTS:


(A)		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.
(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 $70,084,534, representing 6.9% of the Portfolio’s net assets.
(C)		Percentage rounds to less than 0.1% or (0.1)%.
(D)		Perpetual maturity. The date displayed is the next call date.
(E)		All or a portion of the securities are on loan. The total value of all securities on loan is $6,155,692, collateralized by cash collateral of $4,417,335 and non-cash collateral, such as U.S. government securities and irrevocable letters of credit, of $1,924,215. 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)		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.
(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 $11,296, representing less than 0.1% of the Portfolio’s net assets.
(H)		Rounds to less than $1 or $(1).
(I)		All or a portion of these securities have been segregated by the custodian as collateral to cover margin requirements for open futures contracts. The total value of such securities is $10,158,558.
(J)		Non-income producing securities.
(K)		Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At March 31, 2024, the value of the Regulation S security is $899,635, representing 0.1% of the Portfolio’s net assets.
(L)		Rates disclosed reflect the yields at March 31, 2024.


Transamerica Series Trust			Page 18

Transamerica JPMorgan Tactical Allocation VP

SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):


(M)		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.
(N)		Derivative instruments are valued at unrealized appreciation (depreciation).

CURRENCY ABBREVIATIONS:


AUD		Australian Dollar
CAD		Canadian Dollar
CHF		Swiss Franc
EUR		Euro
JPY		Japanese Yen

PORTFOLIO ABBREVIATIONS:


ADR		American Depositary Receipt
ASX		Australian Securities Exchange
CMT		Constant Maturity Treasury
EAFE		Europe, Australasia and Far East
GDR		Global Depositary Receipt
REIT		Real Estate Investment Trust
RFUCC		Refinitiv USD IBOR Consumer Cash Fallbacks
SOFR		Secured Overnight Financing Rate
STRIPS		Separate Trading of Registered Interest and Principal of Securities
TOPIX		Tokyo Price Index


Transamerica Series Trust			Page 19

Transamerica JPMorgan Tactical Allocation VP

NOTES TO SCHEDULE OF INVESTMENTS

At March 31, 2024

(unaudited)

INVESTMENT VALUATION

Transamerica JPMorgan Tactical Allocation 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 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 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:

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.

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.

Foreign government obligations: Foreign 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. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

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.


Transamerica Series Trust			Page 20

Transamerica JPMorgan Tactical Allocation VP

NOTES TO SCHEDULE OF INVESTMENTS (continued)

At March 31, 2024

(unaudited)

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.

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.

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.

Short-term notes: The Portfolio 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.

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.

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 Portfolio 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.


Transamerica Series Trust			Page 21

Transamerica Series Trust NPORT-PTransamerica JPMorgan Tactical Allocation VP (Mar 2024 report)