Transamerica S&P 500 Index VP
SCHEDULE OF INVESTMENTS
At March 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS - 99.3% | ||||||||
Aerospace & Defense - 1.5% | ||||||||
Axon Enterprise, Inc. (A) | 1,363 | $ 426,455 | ||||||
Boeing Co. (A) | 10,864 | 2,096,643 | ||||||
General Dynamics Corp. | 4,313 | 1,218,379 | ||||||
Howmet Aerospace, Inc. | 7,324 | 501,181 | ||||||
Huntington Ingalls Industries, Inc. | 759 | 221,226 | ||||||
L3 Harris Technologies, Inc. | 3,635 | 774,619 | ||||||
Lockheed Martin Corp. | 4,109 | 1,869,061 | ||||||
Northrop Grumman Corp. | 2,669 | 1,277,544 | ||||||
RTX Corp. | 25,260 | 2,463,608 | ||||||
Textron, Inc. | 3,721 | 356,956 | ||||||
TransDigm Group, Inc. | 1,062 | 1,307,959 | ||||||
|
| |||||||
12,513,631 | ||||||||
|
| |||||||
Air Freight & Logistics - 0.4% | ||||||||
CH Robinson Worldwide, Inc. | 2,217 | 168,802 | ||||||
Expeditors International of Washington, Inc. | 2,650 | 322,160 | ||||||
FedEx Corp. | 4,317 | 1,250,808 | ||||||
United Parcel Service, Inc., Class B | 13,698 | 2,035,934 | ||||||
|
| |||||||
3,777,704 | ||||||||
|
| |||||||
Automobile Components - 0.1% | ||||||||
Aptiv PLC (A) | 5,262 | 419,119 | ||||||
BorgWarner, Inc. | 4,003 | 139,064 | ||||||
|
| |||||||
558,183 | ||||||||
|
| |||||||
Automobiles - 1.3% | ||||||||
Ford Motor Co. | 74,177 | 985,070 | ||||||
General Motors Co. | 21,818 | 989,446 | ||||||
Tesla, Inc. (A) | 52,616 | 9,249,367 | ||||||
|
| |||||||
11,223,883 | ||||||||
|
| |||||||
Banks - 3.3% | ||||||||
Bank of America Corp. | 130,848 | 4,961,756 | ||||||
Citigroup, Inc. | 36,038 | 2,279,043 | ||||||
Citizens Financial Group, Inc. | 8,939 | 324,396 | ||||||
Comerica, Inc. | 2,321 | 127,632 | ||||||
Fifth Third Bancorp | 12,917 | 480,642 | ||||||
Huntington Bancshares, Inc. | 27,578 | 384,713 | ||||||
JPMorgan Chase & Co. | 54,891 | 10,994,667 | ||||||
KeyCorp | 17,508 | 276,802 | ||||||
M&T Bank Corp. | 3,085 | 448,682 | ||||||
PNC Financial Services Group, Inc. | 7,562 | 1,222,019 | ||||||
Regions Financial Corp. | 17,386 | 365,802 | ||||||
Truist Financial Corp. | 25,167 | 981,010 | ||||||
US Bancorp | 29,310 | 1,310,157 | ||||||
Wells Fargo & Co. | 68,069 | 3,945,279 | ||||||
|
| |||||||
28,102,600 | ||||||||
|
| |||||||
Beverages - 1.4% | ||||||||
Brown-Forman Corp., Class B | 3,525 | 181,961 | ||||||
Coca-Cola Co. | 73,960 | 4,524,873 | ||||||
Constellation Brands, Inc., Class A | 3,083 | 837,836 | ||||||
Keurig Dr. Pepper, Inc. | 19,756 | 605,917 | ||||||
Molson Coors Beverage Co., Class B | 3,406 | 229,053 | ||||||
Monster Beverage Corp. (A) | 13,823 | 819,427 | ||||||
PepsiCo, Inc. | 26,124 | 4,571,961 | ||||||
|
| |||||||
11,771,028 | ||||||||
|
|
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Biotechnology - 1.9% | ||||||||
AbbVie, Inc. | 33,543 | $ 6,108,180 | ||||||
Amgen, Inc. | 10,180 | 2,894,378 | ||||||
Biogen, Inc. (A) | 2,734 | 589,532 | ||||||
Gilead Sciences, Inc. | 23,620 | 1,730,165 | ||||||
Incyte Corp. (A) | 3,420 | 194,837 | ||||||
Moderna, Inc. (A) | 6,338 | 675,377 | ||||||
Regeneron Pharmaceuticals, Inc. (A) | 1,993 | 1,918,243 | ||||||
Vertex Pharmaceuticals, Inc. (A) | 4,882 | 2,040,725 | ||||||
|
| |||||||
16,151,437 | ||||||||
|
| |||||||
Broadline Retail - 3.8% | ||||||||
Amazon.com, Inc. (A) | 173,469 | 31,290,338 | ||||||
eBay, Inc. | 9,723 | 513,180 | ||||||
Etsy, Inc. (A) | 2,235 | 153,589 | ||||||
|
| |||||||
31,957,107 | ||||||||
|
| |||||||
Building Products - 0.5% | ||||||||
A.O. Smith Corp. | 2,371 | 212,110 | ||||||
Allegion PLC | 1,675 | 225,639 | ||||||
Builders FirstSource, Inc. (A) | 2,327 | 485,296 | ||||||
Carrier Global Corp. | 15,834 | 920,430 | ||||||
Johnson Controls International PLC | 12,801 | 836,161 | ||||||
Masco Corp. | 4,096 | 323,093 | ||||||
Trane Technologies PLC | 4,300 | 1,290,860 | ||||||
|
| |||||||
4,293,589 | ||||||||
|
| |||||||
Capital Markets - 2.8% | ||||||||
Ameriprise Financial, Inc. | 1,881 | 824,706 | ||||||
Bank of New York Mellon Corp. | 14,388 | 829,037 | ||||||
BlackRock, Inc. | 2,663 | 2,220,143 | ||||||
Blackstone, Inc. | 13,712 | 1,801,345 | ||||||
Cboe Global Markets, Inc. | 1,997 | 366,909 | ||||||
Charles Schwab Corp. | 28,191 | 2,039,337 | ||||||
CME Group, Inc. | 6,769 | 1,457,298 | ||||||
FactSet Research Systems, Inc. | 701 | 318,527 | ||||||
Franklin Resources, Inc. | 5,960 | 167,536 | ||||||
Goldman Sachs Group, Inc. | 6,208 | 2,593,019 | ||||||
Intercontinental Exchange, Inc. | 10,764 | 1,479,297 | ||||||
Invesco Ltd. | 8,399 | 139,339 | ||||||
MarketAxess Holdings, Inc. | 721 | 158,079 | ||||||
Moody’s Corp. | 2,990 | 1,175,160 | ||||||
Morgan Stanley | 23,727 | 2,234,134 | ||||||
MSCI, Inc. | 1,479 | 828,906 | ||||||
Nasdaq, Inc. | 7,303 | 460,819 | ||||||
Northern Trust Corp. | 3,765 | 334,784 | ||||||
Raymond James Financial, Inc. | 3,478 | 446,645 | ||||||
S&P Global, Inc. | 6,116 | 2,602,052 | ||||||
State Street Corp. | 5,854 | 452,631 | ||||||
T. Rowe Price Group, Inc. | 4,179 | 509,504 | ||||||
|
| |||||||
23,439,207 | ||||||||
|
| |||||||
Chemicals - 1.6% | ||||||||
Air Products & Chemicals, Inc. | 4,252 | 1,030,132 | ||||||
Albemarle Corp. | 2,255 | 297,074 | ||||||
Celanese Corp. | 1,854 | 318,628 | ||||||
CF Industries Holdings, Inc. | 3,614 | 300,721 | ||||||
Corteva, Inc. | 13,331 | 768,799 | ||||||
Dow, Inc. | 13,469 | 780,259 | ||||||
DuPont de Nemours, Inc. | 8,159 | 625,551 | ||||||
Eastman Chemical Co. | 2,122 | 212,667 | ||||||
Ecolab, Inc. | 4,782 | 1,104,164 | ||||||
FMC Corp. | 2,412 | 153,644 | ||||||
International Flavors & Fragrances, Inc. | 4,827 | 415,074 | ||||||
Linde PLC | 9,217 | 4,279,638 |
Transamerica Series Trust | Page 1 |
Transamerica S&P 500 Index VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Chemicals (continued) | ||||||||
LyondellBasell Industries NV, Class A | 4,939 | $ 505,161 | ||||||
Mosaic Co. | 6,342 | 205,861 | ||||||
PPG Industries, Inc. | 4,447 | 644,370 | ||||||
Sherwin-Williams Co. | 4,428 | 1,537,977 | ||||||
|
| |||||||
13,179,720 | ||||||||
|
| |||||||
Commercial Services & Supplies - 0.6% | ||||||||
Cintas Corp. | 1,632 | 1,121,233 | ||||||
Copart, Inc. (A) | 16,630 | 963,210 | ||||||
Republic Services, Inc. | 3,805 | 728,429 | ||||||
Rollins, Inc. | 5,263 | 243,519 | ||||||
Veralto Corp. | 4,130 | 366,166 | ||||||
Waste Management, Inc. | 6,894 | 1,469,456 | ||||||
|
| |||||||
4,892,013 | ||||||||
|
| |||||||
Communications Equipment - 0.8% | ||||||||
Arista Networks, Inc. (A) | 4,781 | 1,386,394 | ||||||
Cisco Systems, Inc. | 76,825 | 3,834,336 | ||||||
F5, Inc. (A) | 1,154 | 218,787 | ||||||
Juniper Networks, Inc. | 6,070 | 224,954 | ||||||
Motorola Solutions, Inc. | 3,155 | 1,119,962 | ||||||
|
| |||||||
6,784,433 | ||||||||
|
| |||||||
Construction & Engineering - 0.1% | ||||||||
Quanta Services, Inc. | 2,738 | 711,332 | ||||||
|
| |||||||
Construction Materials - 0.2% | ||||||||
Martin Marietta Materials, Inc. | 1,169 | 717,696 | ||||||
Vulcan Materials Co. | 2,504 | 683,392 | ||||||
|
| |||||||
1,401,088 | ||||||||
|
| |||||||
Consumer Finance - 0.5% | ||||||||
American Express Co. | 10,805 | 2,460,190 | ||||||
Capital One Financial Corp. | 7,182 | 1,069,328 | ||||||
Discover Financial Services | 4,783 | 627,003 | ||||||
Synchrony Financial | 7,863 | 339,053 | ||||||
|
| |||||||
4,495,574 | ||||||||
|
| |||||||
Consumer Staples Distribution & Retail - 1.8% | ||||||||
Costco Wholesale Corp. | 8,430 | 6,176,071 | ||||||
Dollar General Corp. | 4,159 | 649,054 | ||||||
Dollar Tree, Inc. (A) | 3,876 | 516,089 | ||||||
Kroger Co. | 12,541 | 716,467 | ||||||
Sysco Corp. | 9,487 | 770,155 | ||||||
Target Corp. | 8,687 | 1,539,423 | ||||||
Walgreens Boots Alliance, Inc. | 13,643 | 295,917 | ||||||
Walmart, Inc. | 81,350 | 4,894,829 | ||||||
|
| |||||||
15,558,005 | ||||||||
|
| |||||||
Containers & Packaging - 0.2% | ||||||||
Amcor PLC | 27,199 | 258,663 | ||||||
Avery Dennison Corp. | 1,529 | 341,349 | ||||||
Ball Corp. | 5,932 | 399,580 | ||||||
International Paper Co. | 6,594 | 257,298 | ||||||
Packaging Corp. of America | 1,671 | 317,122 | ||||||
Westrock Co. | 4,932 | 243,887 | ||||||
|
| |||||||
1,817,899 | ||||||||
|
| |||||||
Distributors - 0.1% | ||||||||
Genuine Parts Co. | 2,597 | 402,353 | ||||||
LKQ Corp. | 5,145 | 274,795 | ||||||
Pool Corp. | 704 | 284,064 | ||||||
|
| |||||||
961,212 | ||||||||
|
|
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Diversified Telecommunication Services - 0.7% | ||||||||
AT&T, Inc. | 136,136 | $ 2,395,994 | ||||||
Verizon Communications, Inc. | 79,520 | 3,336,659 | ||||||
|
| |||||||
5,732,653 | ||||||||
|
| |||||||
Electric Utilities - 1.5% | ||||||||
Alliant Energy Corp. | 4,675 | 235,620 | ||||||
American Electric Power Co., Inc. | 9,887 | 851,271 | ||||||
Constellation Energy Corp. | 6,104 | 1,128,324 | ||||||
Duke Energy Corp. | 14,502 | 1,402,488 | ||||||
Edison International | 7,397 | 523,190 | ||||||
Entergy Corp. | 3,966 | 419,127 | ||||||
Evergy, Inc. | 4,378 | 233,698 | ||||||
Eversource Energy | 6,566 | 392,450 | ||||||
Exelon Corp. | 18,530 | 696,172 | ||||||
FirstEnergy Corp. | 9,564 | 369,362 | ||||||
NextEra Energy, Inc. | 39,058 | 2,496,197 | ||||||
NRG Energy, Inc. | 4,294 | 290,661 | ||||||
PG&E Corp. | 40,983 | 686,875 | ||||||
Pinnacle West Capital Corp. | 1,960 | 146,471 | ||||||
PPL Corp. | 13,952 | 384,098 | ||||||
Southern Co. | 20,517 | 1,471,889 | ||||||
Xcel Energy, Inc. | 10,479 | 563,246 | ||||||
|
| |||||||
12,291,139 | ||||||||
|
| |||||||
Electrical Equipment - 0.7% | ||||||||
AMETEK, Inc. | 4,424 | 809,150 | ||||||
Eaton Corp. PLC | 7,602 | 2,376,993 | ||||||
Emerson Electric Co. | 10,859 | 1,231,628 | ||||||
Generac Holdings, Inc. (A) | 1,140 | 143,800 | ||||||
Hubbell, Inc. | 1,020 | 423,351 | ||||||
Rockwell Automation, Inc. | 2,138 | 622,863 | ||||||
|
| |||||||
5,607,785 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 0.6% | ||||||||
Amphenol Corp., Class A | 11,389 | 1,313,721 | ||||||
CDW Corp. | 2,574 | 658,378 | ||||||
Corning, Inc. | 14,275 | 470,504 | ||||||
Jabil, Inc. | 2,447 | 327,776 | ||||||
Keysight Technologies, Inc. (A) | 3,249 | 508,079 | ||||||
TE Connectivity Ltd. | 5,811 | 843,990 | ||||||
Teledyne Technologies, Inc. (A) | 892 | 382,953 | ||||||
Trimble, Inc. (A) | 4,693 | 302,041 | ||||||
Zebra Technologies Corp., Class A (A) | 968 | 291,794 | ||||||
|
| |||||||
5,099,236 | ||||||||
|
| |||||||
Energy Equipment & Services - 0.3% | ||||||||
Baker Hughes Co. | 19,094 | 639,649 | ||||||
Halliburton Co. | 16,678 | 657,447 | ||||||
Schlumberger NV | 26,880 | 1,473,293 | ||||||
|
| |||||||
2,770,389 | ||||||||
|
| |||||||
Entertainment - 1.3% | ||||||||
Electronic Arts, Inc. | 4,557 | 604,577 | ||||||
Live Nation Entertainment, Inc. (A) | 2,636 | 278,810 | ||||||
Netflix, Inc. (A) | 8,224 | 4,994,682 | ||||||
Take-Two Interactive Software, Inc. (A) | 2,916 | 432,997 | ||||||
Walt Disney Co. | 34,870 | 4,266,693 | ||||||
Warner Bros Discovery, Inc. (A) | 40,619 | 354,604 | ||||||
|
| |||||||
10,932,363 | ||||||||
|
| |||||||
Financial Services - 4.3% | ||||||||
Berkshire Hathaway, Inc., Class B (A) | 34,539 | 14,524,340 | ||||||
Corpay, Inc. (A) | 1,373 | 423,625 | ||||||
Fidelity National Information Services, Inc. | 11,151 | 827,181 |
Transamerica Series Trust | Page 2 |
Transamerica S&P 500 Index VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Financial Services (continued) | ||||||||
Fiserv, Inc. (A) | 11,440 | $ 1,828,341 | ||||||
Global Payments, Inc. | 4,909 | 656,137 | ||||||
Jack Henry & Associates, Inc. | 1,375 | 238,879 | ||||||
Mastercard, Inc., Class A | 15,670 | 7,546,202 | ||||||
PayPal Holdings, Inc. (A) | 20,206 | 1,353,600 | ||||||
Visa, Inc., Class A | 30,036 | 8,382,447 | ||||||
|
| |||||||
35,780,752 | ||||||||
|
| |||||||
Food Products - 0.8% | ||||||||
Archer-Daniels-Midland Co. | 10,127 | 636,077 | ||||||
Bunge Global SA | 2,840 | 291,157 | ||||||
Campbell Soup Co. | 3,477 | 154,553 | ||||||
Conagra Brands, Inc. | 8,869 | 262,877 | ||||||
General Mills, Inc. | 10,740 | 751,478 | ||||||
Hershey Co. | 2,869 | 558,020 | ||||||
Hormel Foods Corp. | 5,650 | 197,129 | ||||||
J.M. Smucker Co. | 1,944 | 244,691 | ||||||
Kellanova | 4,893 | 280,320 | ||||||
Kraft Heinz Co. | 15,355 | 566,599 | ||||||
Lamb Weston Holdings, Inc. | 2,683 | 285,820 | ||||||
McCormick & Co., Inc. | 4,574 | 351,329 | ||||||
Mondelez International, Inc., Class A | 25,663 | 1,796,410 | ||||||
Tyson Foods, Inc., Class A | 5,575 | 327,420 | ||||||
|
| |||||||
6,703,880 | ||||||||
|
| |||||||
Gas Utilities - 0.0% (B) | ||||||||
Atmos Energy Corp. | 2,917 | 346,744 | ||||||
|
| |||||||
Ground Transportation - 1.1% | ||||||||
CSX Corp. | 37,170 | 1,377,892 | ||||||
JB Hunt Transport Services, Inc. | 1,517 | 302,262 | ||||||
Norfolk Southern Corp. | 4,294 | 1,094,412 | ||||||
Old Dominion Freight Line, Inc. | 3,368 | 738,636 | ||||||
Uber Technologies, Inc. (A) | 38,926 | 2,996,913 | ||||||
Union Pacific Corp. | 11,537 | 2,837,294 | ||||||
|
| |||||||
9,347,409 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 2.5% | ||||||||
Abbott Laboratories | 32,826 | 3,731,003 | ||||||
Align Technology, Inc. (A) | 1,345 | 441,052 | ||||||
Baxter International, Inc. | 9,593 | 410,005 | ||||||
Becton Dickinson & Co. | 5,460 | 1,351,077 | ||||||
Boston Scientific Corp. (A) | 27,760 | 1,901,283 | ||||||
Cooper Cos., Inc. | 3,672 | 372,561 | ||||||
DENTSPLY SIRONA, Inc. | 3,605 | 119,650 | ||||||
Dexcom, Inc. (A) | 7,292 | 1,011,401 | ||||||
Edwards Lifesciences Corp. (A) | 11,436 | 1,092,824 | ||||||
GE HealthCare Technologies, Inc. | 8,080 | 734,553 | ||||||
Hologic, Inc. (A) | 4,668 | 363,917 | ||||||
IDEXX Laboratories, Inc. (A) | 1,582 | 854,169 | ||||||
Insulet Corp. (A) | 1,255 | 215,107 | ||||||
Intuitive Surgical, Inc. (A) | 6,668 | 2,661,132 | ||||||
Medtronic PLC | 25,326 | 2,207,161 | ||||||
ResMed, Inc. | 2,834 | 561,217 | ||||||
STERIS PLC | 1,839 | 413,444 | ||||||
Stryker Corp. | 6,439 | 2,304,325 | ||||||
Teleflex, Inc. | 855 | 193,375 | ||||||
Zimmer Biomet Holdings, Inc. | 4,030 | 531,879 | ||||||
|
| |||||||
21,471,135 | ||||||||
|
| |||||||
Health Care Providers & Services - 2.6% | ||||||||
Cardinal Health, Inc. | 4,640 | 519,216 | ||||||
Cencora, Inc. | 3,138 | 762,502 | ||||||
Centene Corp. (A) | 10,048 | 788,567 | ||||||
Cigna Group | 5,542 | 2,012,799 | ||||||
CVS Health Corp. | 23,893 | 1,905,706 |
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Health Care Providers & Services (continued) | ||||||||
DaVita, Inc. (A) | 1,065 | $ 147,023 | ||||||
Elevance Health, Inc. | 4,474 | 2,319,948 | ||||||
HCA Healthcare, Inc. | 3,762 | 1,254,740 | ||||||
Henry Schein, Inc. (A) | 2,486 | 187,743 | ||||||
Humana, Inc. | 2,315 | 802,657 | ||||||
Laboratory Corp. of America Holdings | 1,585 | 346,259 | ||||||
McKesson Corp. | 2,480 | 1,331,388 | ||||||
Molina Healthcare, Inc. (A) | 1,105 | 453,967 | ||||||
Quest Diagnostics, Inc. | 2,052 | 273,142 | ||||||
UnitedHealth Group, Inc. | 17,565 | 8,689,405 | ||||||
Universal Health Services, Inc., Class B | 1,169 | 213,296 | ||||||
|
| |||||||
22,008,358 | ||||||||
|
| |||||||
Health Care REITs - 0.2% | ||||||||
Healthpeak Properties, Inc. | 13,658 | 256,087 | ||||||
Ventas, Inc. | 7,679 | 334,344 | ||||||
Welltower, Inc. | 10,438 | 975,327 | ||||||
|
| |||||||
1,565,758 | ||||||||
|
| |||||||
Hotel & Resort REITs - 0.0% (B) | ||||||||
Host Hotels & Resorts, Inc. | 12,864 | 266,028 | ||||||
|
| |||||||
Hotels, Restaurants & Leisure - 2.0% | ||||||||
Airbnb, Inc., Class A (A) | 8,182 | 1,349,703 | ||||||
Booking Holdings, Inc. | 664 | 2,408,912 | ||||||
Caesars Entertainment, Inc. (A) | 3,893 | 170,280 | ||||||
Carnival Corp. (A) | 19,272 | 314,905 | ||||||
Chipotle Mexican Grill, Inc. (A) | 516 | 1,499,893 | ||||||
Darden Restaurants, Inc. | 2,214 | 370,070 | ||||||
Domino’s Pizza, Inc. | 634 | 315,022 | ||||||
Expedia Group, Inc. (A) | 2,425 | 334,044 | ||||||
Hilton Worldwide Holdings, Inc. | 4,790 | 1,021,755 | ||||||
Las Vegas Sands Corp. | 7,063 | 365,157 | ||||||
Marriott International, Inc., Class A | 4,625 | 1,166,934 | ||||||
McDonald’s Corp. | 13,713 | 3,866,380 | ||||||
MGM Resorts International (A) | 4,916 | 232,084 | ||||||
Norwegian Cruise Line Holdings Ltd. (A) | 7,915 | 165,661 | ||||||
Royal Caribbean Cruises Ltd. (A) | 4,537 | 630,688 | ||||||
Starbucks Corp. | 21,572 | 1,971,465 | ||||||
Wynn Resorts Ltd. | 1,852 | 189,330 | ||||||
Yum! Brands, Inc. | 5,393 | 747,740 | ||||||
|
| |||||||
17,120,023 | ||||||||
|
| |||||||
Household Durables - 0.4% | ||||||||
D.R. Horton, Inc. | 5,636 | 927,404 | ||||||
Garmin Ltd. | 2,908 | 432,914 | ||||||
Lennar Corp., Class A | 4,729 | 813,293 | ||||||
Mohawk Industries, Inc. (A) | 932 | 121,989 | ||||||
NVR, Inc. (A) | 59 | 477,898 | ||||||
PulteGroup, Inc. | 4,089 | 493,215 | ||||||
|
| |||||||
3,266,713 | ||||||||
|
| |||||||
Household Products - 1.2% | ||||||||
Church & Dwight Co., Inc. | 4,579 | 477,635 | ||||||
Clorox Co. | 2,330 | 356,746 | ||||||
Colgate-Palmolive Co. | 15,627 | 1,407,211 | ||||||
Kimberly-Clark Corp. | 6,325 | 818,139 | ||||||
Procter & Gamble Co. | 44,694 | 7,251,602 | ||||||
|
| |||||||
10,311,333 | ||||||||
|
| |||||||
Independent Power & Renewable Electricity Producers - 0.0% (B) | ||||||||
AES Corp. | 12,055 | 216,146 | ||||||
|
|
Transamerica Series Trust | Page 3 |
Transamerica S&P 500 Index VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Industrial Conglomerates - 0.9% | ||||||||
3M Co. | 10,504 | $ 1,114,159 | ||||||
General Electric Co. | 20,579 | 3,612,232 | ||||||
Honeywell International, Inc. | 12,478 | 2,561,110 | ||||||
|
| |||||||
7,287,501 | ||||||||
|
| |||||||
Industrial REITs - 0.3% | ||||||||
Prologis, Inc. | 17,595 | 2,291,221 | ||||||
|
| |||||||
Insurance - 2.2% | ||||||||
Aflac, Inc. | 9,949 | 854,221 | ||||||
Allstate Corp. | 5,029 | 870,067 | ||||||
American International Group, Inc. | 13,428 | 1,049,667 | ||||||
Aon PLC, Class A | 3,803 | 1,269,137 | ||||||
Arch Capital Group Ltd. (A) | 7,004 | 647,450 | ||||||
Arthur J Gallagher & Co. | 4,147 | 1,036,916 | ||||||
Assurant, Inc. | 958 | 180,334 | ||||||
Brown & Brown, Inc. | 4,470 | 391,304 | ||||||
Chubb Ltd. | 7,721 | 2,000,743 | ||||||
Cincinnati Financial Corp. | 2,977 | 369,654 | ||||||
Everest Group Ltd. | 834 | 331,515 | ||||||
Globe Life, Inc. | 1,514 | 176,184 | ||||||
Hartford Financial Services Group, Inc. | 5,683 | 585,633 | ||||||
Loews Corp. | 3,300 | 258,357 | ||||||
Marsh & McLennan Cos., Inc. | 9,322 | 1,920,145 | ||||||
MetLife, Inc. | 11,469 | 849,968 | ||||||
Principal Financial Group, Inc. | 4,102 | 354,044 | ||||||
Progressive Corp. | 11,145 | 2,305,009 | ||||||
Prudential Financial, Inc. | 6,921 | 812,525 | ||||||
Travelers Cos., Inc. | 4,309 | 991,673 | ||||||
W.R. Berkley Corp. | 3,907 | 345,535 | ||||||
Willis Towers Watson PLC | 1,917 | 527,175 | ||||||
|
| |||||||
18,127,256 | ||||||||
|
| |||||||
Interactive Media & Services - 6.1% | ||||||||
Alphabet, Inc., Class A (A) | 111,858 | 16,882,728 | ||||||
Alphabet, Inc., Class C (A) | 93,659 | 14,260,519 | ||||||
Match Group, Inc. (A) | 5,173 | 187,676 | ||||||
Meta Platforms, Inc., Class A | 41,756 | 20,275,879 | ||||||
|
| |||||||
51,606,802 | ||||||||
|
| |||||||
IT Services - 1.2% | ||||||||
Accenture PLC, Class A | 11,920 | 4,131,591 | ||||||
Akamai Technologies, Inc. (A) | 2,781 | 302,462 | ||||||
Cognizant Technology Solutions Corp., Class A | 9,437 | 691,638 | ||||||
EPAM Systems, Inc. (A) | 1,051 | 290,244 | ||||||
Gartner, Inc. (A) | 1,468 | 699,751 | ||||||
International Business Machines Corp. | 17,305 | 3,304,563 | ||||||
VeriSign, Inc. (A) | 1,638 | 310,417 | ||||||
|
| |||||||
9,730,666 | ||||||||
|
| |||||||
Leisure Products - 0.0% (B) | ||||||||
Hasbro, Inc. | 2,283 | 129,035 | ||||||
|
| |||||||
Life Sciences Tools & Services - 1.4% | ||||||||
Agilent Technologies, Inc. | 5,506 | 801,178 | ||||||
Bio-Rad Laboratories, Inc., Class A (A) | 370 | 127,972 | ||||||
Bio-Techne Corp. | 3,022 | 212,719 | ||||||
Charles River Laboratories International, Inc. (A) | 989 | 267,970 | ||||||
Danaher Corp. | 12,439 | 3,106,267 | ||||||
Illumina, Inc. (A) | 2,997 | 411,548 | ||||||
IQVIA Holdings, Inc. (A) | 3,424 | 865,895 | ||||||
Mettler-Toledo International, Inc. (A) | 410 | 545,829 | ||||||
Revvity, Inc. | 2,325 | 244,125 | ||||||
Thermo Fisher Scientific, Inc. | 7,345 | 4,268,987 |
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Life Sciences Tools & Services (continued) | ||||||||
Waters Corp. (A) | 1,124 | $ 386,914 | ||||||
West Pharmaceutical Services, Inc. | 1,374 | 543,706 | ||||||
|
| |||||||
11,783,110 | ||||||||
|
| |||||||
Machinery - 1.8% | ||||||||
Caterpillar, Inc. | 9,682 | 3,547,775 | ||||||
Cummins, Inc. | 2,599 | 765,795 | ||||||
Deere & Co. | 4,981 | 2,045,896 | ||||||
Dover Corp. | 2,589 | 458,745 | ||||||
Fortive Corp. | 6,556 | 563,947 | ||||||
IDEX Corp. | 1,378 | 336,260 | ||||||
Illinois Tool Works, Inc. | 5,152 | 1,382,436 | ||||||
Ingersoll Rand, Inc. | 7,724 | 733,394 | ||||||
Nordson Corp. | 1,005 | 275,913 | ||||||
Otis Worldwide Corp. | 7,704 | 764,776 | ||||||
PACCAR, Inc. | 9,855 | 1,220,936 | ||||||
Parker-Hannifin Corp. | 2,451 | 1,362,241 | ||||||
Pentair PLC | 3,192 | 272,725 | ||||||
Snap-on, Inc. | 977 | 289,407 | ||||||
Stanley Black & Decker, Inc. | 2,797 | 273,910 | ||||||
Westinghouse Air Brake Technologies Corp. | 3,332 | 485,406 | ||||||
Xylem, Inc. | 4,471 | 577,832 | ||||||
|
| |||||||
15,357,394 | ||||||||
|
| |||||||
Media - 0.6% | ||||||||
Charter Communications, Inc., Class A (A) | 1,910 | 555,103 | ||||||
Comcast Corp., Class A | 75,299 | 3,264,212 | ||||||
Fox Corp., Class A | 4,563 | 142,685 | ||||||
Fox Corp., Class B | 2,115 | 60,531 | ||||||
Interpublic Group of Cos., Inc. | 7,275 | 237,383 | ||||||
News Corp., Class A | 7,429 | 194,491 | ||||||
News Corp., Class B | 2,256 | 61,048 | ||||||
Omnicom Group, Inc. | 3,845 | 372,042 | ||||||
Paramount Global, Class B | 8,811 | 103,706 | ||||||
|
| |||||||
4,991,201 | ||||||||
|
| |||||||
Metals & Mining - 0.4% | ||||||||
Freeport-McMoRan, Inc. | 27,232 | 1,280,449 | ||||||
Newmont Corp. | 21,590 | 773,786 | ||||||
Nucor Corp. | 4,597 | 909,746 | ||||||
Steel Dynamics, Inc. | 2,892 | 428,681 | ||||||
|
| |||||||
3,392,662 | ||||||||
|
| |||||||
Multi-Utilities - 0.6% | ||||||||
Ameren Corp. | 5,105 | 377,566 | ||||||
CenterPoint Energy, Inc. | 11,977 | 341,225 | ||||||
CMS Energy Corp. | 5,594 | 337,542 | ||||||
Consolidated Edison, Inc. | 6,643 | 603,251 | ||||||
Dominion Energy, Inc. | 16,048 | 789,401 | ||||||
DTE Energy Co. | 3,865 | 433,421 | ||||||
NiSource, Inc. | 7,904 | 218,625 | ||||||
Public Service Enterprise Group, Inc. | 9,447 | 630,871 | ||||||
Sempra | 11,991 | 861,313 | ||||||
WEC Energy Group, Inc. | 6,088 | 499,946 | ||||||
|
| |||||||
5,093,161 | ||||||||
|
| |||||||
Office REITs - 0.1% | ||||||||
Alexandria Real Estate Equities, Inc. | 2,941 | 379,124 | ||||||
Boston Properties, Inc. | 2,745 | 179,276 | ||||||
|
| |||||||
558,400 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 3.6% | ||||||||
APA Corp. | 5,976 | 205,455 | ||||||
Chevron Corp. | 32,959 | 5,198,953 |
Transamerica Series Trust | Page 4 |
Transamerica S&P 500 Index VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||
ConocoPhillips | 22,417 | $ 2,853,236 | ||||||
Coterra Energy, Inc. | 13,852 | 386,194 | ||||||
Devon Energy Corp. | 12,258 | 615,106 | ||||||
Diamondback Energy, Inc. | 3,361 | 666,049 | ||||||
EOG Resources, Inc. | 10,977 | 1,403,300 | ||||||
EQT Corp. | 7,438 | 275,727 | ||||||
Exxon Mobil Corp. | 75,411 | 8,765,774 | ||||||
Hess Corp. | 5,136 | 783,959 | ||||||
Kinder Morgan, Inc. | 36,018 | 660,570 | ||||||
Marathon Oil Corp. | 11,405 | 323,218 | ||||||
Marathon Petroleum Corp. | 7,148 | 1,440,322 | ||||||
Occidental Petroleum Corp. | 12,426 | 807,566 | ||||||
ONEOK, Inc. | 10,903 | 874,093 | ||||||
Phillips 66 | 8,285 | 1,353,272 | ||||||
Pioneer Natural Resources Co. | 4,440 | 1,165,500 | ||||||
Targa Resources Corp. | 4,250 | 475,957 | ||||||
Valero Energy Corp. | 6,471 | 1,104,535 | ||||||
Williams Cos., Inc. | 23,166 | 902,779 | ||||||
|
| |||||||
30,261,565 | ||||||||
|
| |||||||
Passenger Airlines - 0.2% | ||||||||
American Airlines Group, Inc. (A) | 12,531 | 192,351 | ||||||
Delta Air Lines, Inc. | 11,960 | 572,525 | ||||||
Southwest Airlines Co. | 11,330 | 330,723 | ||||||
United Airlines Holdings, Inc. (A) | 6,187 | 296,233 | ||||||
|
| |||||||
1,391,832 | ||||||||
|
| |||||||
Personal Care Products - 0.2% | ||||||||
Estee Lauder Cos., Inc., Class A | 4,379 | 675,023 | ||||||
Kenvue, Inc. | 32,506 | 697,579 | ||||||
|
| |||||||
1,372,602 | ||||||||
|
| |||||||
Pharmaceuticals - 3.8% | ||||||||
Bristol-Myers Squibb Co. | 38,547 | 2,090,404 | ||||||
Catalent, Inc. (A) | 3,476 | 196,220 | ||||||
Eli Lilly & Co. | 15,139 | 11,777,536 | ||||||
Johnson & Johnson | 45,725 | 7,233,238 | ||||||
Merck & Co., Inc. | 48,142 | 6,352,337 | ||||||
Pfizer, Inc. | 106,822 | 2,964,311 | ||||||
Viatris, Inc. | 22,400 | 267,456 | ||||||
Zoetis, Inc. | 8,711 | 1,473,988 | ||||||
|
| |||||||
32,355,490 | ||||||||
|
| |||||||
Professional Services - 0.7% | ||||||||
Automatic Data Processing, Inc. | 7,783 | 1,943,726 | ||||||
Broadridge Financial Solutions, Inc., ADR | 2,186 | 447,824 | ||||||
Dayforce, Inc. (A) | 2,943 | 194,856 | ||||||
Equifax, Inc. | 2,335 | 624,659 | ||||||
Jacobs Solutions, Inc. | 2,328 | 357,884 | ||||||
Leidos Holdings, Inc. | 2,511 | 329,167 | ||||||
Paychex, Inc. | 6,145 | 754,606 | ||||||
Paycom Software, Inc. | 927 | 184,482 | ||||||
Robert Half, Inc. | 1,865 | 147,857 | ||||||
Verisk Analytics, Inc. | 2,698 | 636,000 | ||||||
|
| |||||||
5,621,061 | ||||||||
|
| |||||||
Real Estate Management & Development - 0.1% | ||||||||
CBRE Group, Inc., Class A (A) | 5,696 | 553,879 | ||||||
CoStar Group, Inc. (A) | 7,695 | 743,337 | ||||||
|
| |||||||
1,297,216 | ||||||||
|
| |||||||
Residential REITs - 0.3% | ||||||||
AvalonBay Communities, Inc. | 2,737 | 507,878 | ||||||
Camden Property Trust | 2,012 | 197,981 | ||||||
Equity Residential | 6,533 | 412,298 |
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Residential REITs (continued) | ||||||||
Essex Property Trust, Inc. | 1,221 | $ 298,913 | ||||||
Invitation Homes, Inc. | 10,812 | 385,015 | ||||||
Mid-America Apartment Communities, Inc. | 2,127 | 279,871 | ||||||
UDR, Inc. | 5,860 | 219,222 | ||||||
|
| |||||||
2,301,178 | ||||||||
|
| |||||||
Retail REITs - 0.3% | ||||||||
Federal Realty Investment Trust | 1,283 | 131,020 | ||||||
Kimco Realty Corp. | 13,079 | 256,479 | ||||||
Realty Income Corp. | 15,556 | 841,579 | ||||||
Regency Centers Corp. | 3,144 | 190,401 | ||||||
Simon Property Group, Inc. | 6,155 | 963,196 | ||||||
|
| |||||||
2,382,675 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 10.2% | ||||||||
Advanced Micro Devices, Inc. (A) | 30,701 | 5,541,223 | ||||||
Analog Devices, Inc. | 9,397 | 1,858,633 | ||||||
Applied Materials, Inc. | 15,826 | 3,263,796 | ||||||
Broadcom, Inc. | 8,355 | 11,073,800 | ||||||
Enphase Energy, Inc. (A) | 2,488 | 300,998 | ||||||
First Solar, Inc. (A) | 1,945 | 328,316 | ||||||
Intel Corp. | 79,958 | 3,531,745 | ||||||
KLA Corp. | 2,578 | 1,800,913 | ||||||
Lam Research Corp. | 2,473 | 2,402,693 | ||||||
Microchip Technology, Inc. | 10,118 | 907,686 | ||||||
Micron Technology, Inc. | 20,901 | 2,464,019 | ||||||
Monolithic Power Systems, Inc. | 924 | 625,936 | ||||||
NVIDIA Corp. | 46,870 | 42,349,857 | ||||||
NXP Semiconductors NV | 4,925 | 1,220,267 | ||||||
ON Semiconductor Corp. (A) | 8,123 | 597,447 | ||||||
Qorvo, Inc. (A) | 1,849 | 212,321 | ||||||
QUALCOMM, Inc. | 21,102 | 3,572,569 | ||||||
Skyworks Solutions, Inc. | 3,119 | 337,850 | ||||||
Teradyne, Inc. | 2,826 | 318,858 | ||||||
Texas Instruments, Inc. | 17,202 | 2,996,760 | ||||||
|
| |||||||
85,705,687 | ||||||||
|
| |||||||
Software - 10.6% | ||||||||
Adobe, Inc. (A) | 8,592 | 4,335,523 | ||||||
ANSYS, Inc. (A) | 1,673 | 580,799 | ||||||
Autodesk, Inc. (A) | 4,029 | 1,049,232 | ||||||
Cadence Design Systems, Inc. (A) | 5,188 | 1,614,921 | ||||||
Fair Isaac Corp. (A) | 478 | 597,314 | ||||||
Fortinet, Inc. (A) | 12,145 | 829,625 | ||||||
Gen Digital, Inc. | 10,550 | 236,320 | ||||||
Intuit, Inc. | 5,294 | 3,441,100 | ||||||
Microsoft Corp. | 140,991 | 59,317,734 | ||||||
Oracle Corp. | 30,143 | 3,786,262 | ||||||
Palo Alto Networks, Inc. (A) | 6,011 | 1,707,905 | ||||||
PTC, Inc. (A) | 2,244 | 423,981 | ||||||
Roper Technologies, Inc. | 2,030 | 1,138,505 | ||||||
Salesforce, Inc. | 18,392 | 5,539,303 | ||||||
ServiceNow, Inc. (A) | 3,878 | 2,956,587 | ||||||
Synopsys, Inc. (A) | 2,891 | 1,652,206 | ||||||
Tyler Technologies, Inc. (A) | 766 | 325,558 | ||||||
|
| |||||||
89,532,875 | ||||||||
|
| |||||||
Specialized REITs - 1.0% | ||||||||
American Tower Corp. | 8,837 | 1,746,103 | ||||||
Crown Castle, Inc. | 8,113 | 858,599 | ||||||
Digital Realty Trust, Inc. | 5,773 | 831,543 | ||||||
Equinix, Inc. | 1,765 | 1,456,707 | ||||||
Extra Space Storage, Inc. | 4,006 | 588,882 | ||||||
Iron Mountain, Inc. | 5,480 | 439,551 | ||||||
Public Storage | 2,988 | 866,699 | ||||||
SBA Communications Corp. | 2,003 | 434,050 |
Transamerica Series Trust | Page 5 |
Transamerica S&P 500 Index VP
SCHEDULE OF INVESTMENTS (continued)
At March 31, 2024
(unaudited)
Shares | Value | |||||||
COMMON STOCKS (continued) | ||||||||
Specialized REITs (continued) | ||||||||
VICI Properties, Inc. | 19,147 | $ 570,389 | ||||||
Weyerhaeuser Co. | 14,079 | 505,577 | ||||||
|
| |||||||
8,298,100 | ||||||||
|
| |||||||
Specialty Retail - 2.0% | ||||||||
AutoZone, Inc. (A) | 327 | 1,030,589 | ||||||
Bath & Body Works, Inc. | 4,398 | 219,988 | ||||||
Best Buy Co., Inc. | 3,588 | 294,324 | ||||||
CarMax, Inc. (A) | 2,917 | 254,100 | ||||||
Home Depot, Inc. | 18,904 | 7,251,574 | ||||||
Lowe’s Cos., Inc. | 10,882 | 2,771,972 | ||||||
O’Reilly Automotive, Inc. (A) | 1,114 | 1,257,572 | ||||||
Ross Stores, Inc. | 6,326 | 928,404 | ||||||
TJX Cos., Inc. | 21,481 | 2,178,603 | ||||||
Tractor Supply Co. | 2,021 | 528,936 | ||||||
Ulta Beauty, Inc. (A) | 927 | 484,710 | ||||||
|
| |||||||
17,200,772 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 6.0% | ||||||||
Apple, Inc. | 275,436 | 47,231,765 | ||||||
Hewlett Packard Enterprise Co. | 24,273 | 430,360 | ||||||
HP, Inc. | 16,726 | 505,460 | ||||||
NetApp, Inc. | 3,927 | 412,217 | ||||||
Seagate Technology Holdings PLC | 3,596 | 334,608 | ||||||
Super Micro Computer, Inc. (A) | 958 | 967,609 | ||||||
Western Digital Corp. (A) | 6,056 | 413,261 | ||||||
|
| |||||||
50,295,280 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 0.5% | ||||||||
Deckers Outdoor Corp. (A) | 489 | 460,276 | ||||||
Lululemon Athletica, Inc. (A) | 2,200 | 859,430 | ||||||
NIKE, Inc., Class B | 22,974 | 2,159,097 | ||||||
Ralph Lauren Corp. | 755 | 141,759 | ||||||
Tapestry, Inc. | 4,252 | 201,885 | ||||||
VF Corp. | 6,010 | 92,193 | ||||||
|
| |||||||
3,914,640 | ||||||||
|
| |||||||
Tobacco - 0.5% | ||||||||
Altria Group, Inc. | 33,283 | 1,451,805 | ||||||
Philip Morris International, Inc. | 29,378 | 2,691,612 | ||||||
|
| |||||||
4,143,417 | ||||||||
|
| |||||||
Trading Companies & Distributors - 0.3% | ||||||||
Fastenal Co. | 10,747 | 829,024 | ||||||
United Rentals, Inc. | 1,274 | 918,694 | ||||||
WW Grainger, Inc. | 831 | 845,376 | ||||||
|
| |||||||
2,593,094 | ||||||||
|
| |||||||
Water Utilities - 0.1% | ||||||||
American Water Works Co., Inc. | 3,617 | 442,034 | ||||||
|
| |||||||
Wireless Telecommunication Services - 0.2% | ||||||||
T-Mobile US, Inc. | 9,827 | 1,603,963 | ||||||
|
| |||||||
Total Common Stocks |
| 835,489,379 | ||||||
|
|
Principal | Value | |||||||
REPURCHASE AGREEMENT - 0.4% | ||||||||
Fixed Income Clearing Corp., 2.50% (C), dated 03/28/2024, to be repurchased at $3,178,366 on 04/01/2024. Collateralized by a U.S. Government Obligation, 4.25%, due 12/31/2025, and with a value of $3,241,072. | $ 3,177,483 | $ 3,177,483 | ||||||
|
| |||||||
Total Repurchase Agreement |
| 3,177,483 | ||||||
|
| |||||||
Total Investments |
| 838,666,862 | ||||||
Net Other Assets (Liabilities) - 0.3% | 2,112,736 | |||||||
|
| |||||||
Net Assets - 100.0% | $ 840,779,598 | |||||||
|
|
Transamerica Series Trust | Page 6 |
Transamerica S&P 500 Index 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 | ||||||||||||||||
S&P 500® E-Mini Index | 13 | 06/21/2024 | $ | 3,418,679 | $ | 3,450,525 | $ | 31,846 | $ | — |
INVESTMENT VALUATION:
Valuation Inputs (D)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Value | |||||||||||||
ASSETS |
| |||||||||||||||
Investments | ||||||||||||||||
Common Stocks | $ | 835,489,379 | $ | — | $ | — | $ | 835,489,379 | ||||||||
Repurchase Agreement | — | 3,177,483 | — | 3,177,483 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 835,489,379 | $ | 3,177,483 | $ | — | $ | 838,666,862 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments |
| |||||||||||||||
Futures Contracts (E) | $ | 31,846 | $ | — | $ | — | $ | 31,846 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Financial Instruments | $ | 31,846 | $ | — | $ | — | $ | 31,846 | ||||||||
|
|
|
|
|
|
|
|
FOOTNOTES TO SCHEDULE OF INVESTMENTS:
(A) | Non-income producing securities. | |
(B) | Percentage rounds to less than 0.01% or (0.01)%. | |
(C) | Rate disclosed reflects the yield at March 31, 2024. | |
(D) | 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. | |
(E) | Derivative instruments are valued at unrealized appreciation (depreciation). |
PORTFOLIO ABBREVIATIONS:
ADR | American Depositary Receipt | |||||||
REIT | Real Estate Investment Trust |
Transamerica Series Trust | Page 7 |
Transamerica S&P 500 Index VP
NOTES TO SCHEDULE OF INVESTMENTS
At March 31, 2024
(unaudited)
INVESTMENT VALUATION
Transamerica S&P 500 Index 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 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.
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 8 |